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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