Perth Property Insider Ep. 17: Should I Upgrade, Invest or Pay Down Debt?

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Should you upgrade your house, invest, or pay down debt?

When you have so many people giving you different opinions, it’s hard to know which decision is best for you.

Today, I want to help my listeners by breaking down the different phases we go through in our lives and what you should be thinking about during each phase. This will help you decide what you will ultimately end up doing.

So get inside and find out how you can start making the investment decisions that work for you.

Episode Highlights:

  1. Your home is part of your investment [01:10]
  2. Whatever phase in life you’re in, have a plan [02:30]
  3. Questions to ask yourself when making your plan [04:26]
    • Where do you want to live? [04:55]
    • How far away is your retirement? [05:43]
    • How much passive income do you want? [06:36]
  4. The first phase: Rentvesting [08:40]
  5. The second phase: Livevesting [12:05]
  6. The growth phase: Grow your portfolio [16:16]
  7. The retirement phase: Improve overall cash flow [20:42]

 

About Our Host:

Managing Director and Licensee at Investor’s Edge Real Estate for more than 12 years, Jarrad Mahon is a household name in the real estate industry. Having received 16 awards over the last six years, he is your go-to guy in property management and investment strategies. He has been featured in multiple media outlets and is continuing to make great strides in the world of real estate investing.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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