Before we dive into this episode, check out Salena Kulkani's first episode on our podcast-it sets the perfect stage for what's to come!
Not only is Salena familiar face, but also a wealth strategist of Inkosi Wealth and certified property investment adviser who has helped 100’s of investors achieve financial freedom faster in preparation for early retirement.
In this episode, Salena talks about the motivation behind Asian migrants' drive for wealth, how buying any piece of real estate early can serve as your insurance policy, and how her three-phase wealth-building strategy works.
Salena also discusses the risks of drawing on equity, highlights offshore real estate opportunities, and shares stories of individuals buying property on modest incomes.
00:00 - Intro
01:40 - Migrant Trauma Surrounding Money
05:20 - Younger Generations Challenging The Relationship with Money
07:31 - Generational Challenges to Homeownership & Salena’s Journey to Buying Her First Home
13:54 - Expectations of the First Home You Purchase
17:42 - Property as an Insurance Policy
18:36 - Breaking the Mindset to Purchase a Home and Get Out of the Rental Ladder
21:59 - Salena’s Advice to Younger People in Navigating Cost of Living Challenges
27:32 - Gen Z’s Economic Reality
31:42 - Investing in Shares vs. Property in Terms of Building Wealth
35:36 - Investing with Purpose & Salena’s Wealth Building Strategy
37:31 - Different Strategies of Property Investment
43:54 - Learnings from Salena’s Investment Journey
47:48 - Learnings from Migrant Client’s Investment Journey
48:27 - The Long Game of Property Wealth Building
55:05 - Eating the Cow vs. Milking the Cow
56:56 - Summarising Salena’s Investment Philosophies
59:39 - Salena’s Advice to Younger People
01:01:12 - Viv’s Investment Journey & Recognising Her Generation’s Investment Challenges
01:02:53 - Concluding Thoughts
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