S7-E4 Unlock Financial Freedom: Real Estate Secrets & Money Hacks with Jessica Narula!

In Jessica Narula's appearance on The Rene Masse Podcast / Real Talk With Rene, she shares insights on various aspects of real estate investment, financial literacy, and personal development.

1. Investment in Student Rentals: Jessica mentions a past investment in student rentals over ten years ago, emphasizing how it has continued to provide income through interest and cash flow, allowing the person to live off that income today.
2. Inner World and Success: She touches on the idea that financial success is often a reflection of one’s inner values and mindset. She encourages her clients to reflect on what they value most in life, stressing that having extra money doesn’t necessarily change one’s life unless it's aligned with deeper goals.
3. Money as a Tool: Jessica elaborates on a common discussion in her circles about money being a tool. She explains that money itself, as paper or metal, holds no intrinsic value. Instead, it is the lifestyle, happiness, relationships, and freedom that money can provide which make it meaningful.
4. Realistic Financial Projections: She stresses the importance of calculating real numbers when investing in properties. She provides an example using Hamilton triplexes, reminding investors to factor in costs like mortgage interest rates, taxes, insurance, vacancy, and management. She underscores the value of time, advising investors to account for the time spent managing properties even if they manage it themselves.
5. Opportunities in Kingston: Jessica highlights a government initiative in Kingston, which received $27.6 million from the federal government’s housing accelerator fund. The fund aims to increase the number of units per lot, which creates opportunities for savvy investors who are aware of these changes.

Throughout the conversation, Jessica consistently advocates for viewing money as a tool to enhance one's life, rather than as an end in itself.