In this episode, I am joined by Fernando Prieto, principal of Solid Partners and Advisors. Fernando shares how he turned a $5,000 investment into a $320,000 profit through property and built an $8.5 million portfolio. We discuss financial decision-making, common mistakes for self-employed individuals, and navigating property development. Fernando also reflects on balancing wealth with giving back, health, and family.
Episode Highlights:
00:00:00 - Episode trailer
00:00:55 - Introduction of Fernando and his background
00:03:10 - Career journey and starting Solid Partners
00:07:54 - $8.5M property investment journey
00:09:31 - First challenge clients encounter in property investment
00:10:40 - Lessons learned from a first time client
00:11:49 - Why people hesitate in property investment
00:15:21 - How a $5k kickstarted Fernando’s real estate journey
00:21:16 - Common financial mistakes self-employed people make
00:24:28 - Financial advice for young investors
00:29:31 - Final thoughts on negative-gearing
00:34:23 - Top 5 Rapid fire questions
About my guest:
Fernando Prieto is the Director and Principal of Solid Partners Accountants and Advisors Pty Ltd. His role is to act as a gateway between his clients and them receiving excellence in accounting and taxations services. With over a decade worth of experience at mid-tier and boutique accountancy firms, Fernando has developed a strong comprehension in complex tax matters. Assisting clients navigate the ever increasing complexities of the Australian taxation system, ensuring compliance and implementing tax effective strategies.
Find out more about Fernando
Website: https://solidpartners.com.au/
Instagram: https://www.instagram.com/solidpartnersaus/
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