Unpacking the Struggles Of Building Wealth TODAY & Gen-Z vs. Millennial vs. Boomer Mindset ft. Salena Kulkarni | Ep. 60

Before we dive into this episode, check out Salena's first episode on our podcast-it sets the perfect stage for what's to come! 

Link here: https://www.levelasianpodcast.com/episodes/salena-kulkarni-inkosi-wealth-episode-13

Not only is Salena a familiar face, but also a wealth strategist 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.

Show Notes Links:

https://www.inkosiwealth.com/
https://www.inkosiwealth.com/podcast/ 
https://www.instagram.com/kulkarnisalena/
https://au.linkedin.com/in/salenakulkarni
https://facebook.com/iamSalenaKulkarni/
https://www.tiktok.com/@kulkarnisalena 

Chapters

• 0:00 Intro
• 1:40 Migrant Trauma Surrounding Money
• 5:20 Younger Generations Challenging The Relationship with Money
• 7:31 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
• 1:01:12 Viv’s Investment Journey & Recognising Her Generation’s Investment Challenges
• 1:02:53 Concluding Thoughts