Good day, and welcome to another episode of Perth Property Insider. I'm your host Jarred Mahon. 

Today, I'm talking through strategies for transitioning to retirement and having a greater passive income. I really wanted to touch on this because the idea came from some of the members of our Perth Property Investment Facebook Group. I really appreciate all the ideas you've been sharing with everyone about topics you want to see covered. 

So if you're not a member of the group, head on over to Facebook and search Perth Property Investment. We're the biggest Facebook Group for Perth-focused investing. Check it out, and jump in there and let me know some of your ideas for future episodes as well. 

But I don't see this phase ever really covered. Everyone talks more about the acquisition and the exciting phase one, where you're buying properties and potentially adding value to them and this kind of thing. But what happens after you've got enough properties? How do you ensure that you properly consolidate and get to the income or retirement phase? That's what we're going to be covering here today—strategies to do that effectively. 

Let's go inside.

 

Resource Links:

• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)
• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
• Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)

 

Episode Highlights:

1. Intro [00:00]
2. The Consolidation Phase is Having a Good and Clear Strategic Plan for Your Target Income [02:08]
3. What Does Having Financial Freedom Looks Like [03:34]
4. How Should You Pay Off Your Home [05:20]
5. Why Pay Off Your Home Before You Pay Off Your Investments [06:29]
6. Having Flexibility in Paying Into Your Offset Account is a Great Idea [08:07]
7. Why Else Would You Want to Pay Down Debt Instead of Just Making More Investments [09:56]
8. What's Best for Your Specific Situation [12:30] 
9. Outro [13:27]

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

 

Connect with Perth Property Insider:

• Subscribe on YouTube: https://www.youtube.com/channel/UCgT9-gB6RS69xSgc8J9KrOw
• Like us on Facebook: https://www.facebook.com/investorsedge

See omnystudio.com/listener for privacy information.