#020 - How To Master Money Management! 💸✨

In this episode of the Passive Property Investor podcast, Jerry Parker discusses common mistakes made by property investors, such as over-borrowing and the importance of asset protection. He emphasizes the significance of proper money management, including utilizing offset accounts and credit cards effectively. Jerry highlights the role of finance in property investing and offers practical advice on managing money as a passive property investor.

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Timestamps

00:00:00 - Introduction

00:00:52 - Managing Money as a Passive Property Investor

00:01:13 - Setting Up Your Finances

00:02:49 - Diversifying Investments

00:03:33 - Investing in Different Asset Classes

00:04:26 - Tax Advantages and Asset Protection

00:05:08 - Understanding Trusts

00:06:32 - Managing Cash Flow and Liquidity

00:07:28 - Risks of Over Borrowing

00:08:24 - Importance of Depreciation Schedules

00:09:37 - Budgeting and Investing Excess Money

00:10:08 - Diversifying Investments Beyond Property

00:10:50 - Becoming a Capitalist