Financial Conditioning
Simon Karmarkar delves into inspiring stories and advice on achieving financial freedom. Get actionable tips, motivational stories, and insightful discussions that will empower you to take control of your financial future and get financially conditioned.
Navigating Property Sales, FSAs, and Real Estate Investment Strategies
In episode 96 of Financial Conditioning, Simon Karmarkar shares his experience with property sales, offering market insights and discussing landlord challenges. He delves into investment diversification, tax implications, and the emotional aspects of selling property. Simon also explores life transitions and Flexible Spending Accounts (FSAs), covering their types, tax benefits, and rules. The episode discusses FSA fund expiration, rollover options, the evolution of financial advice, and media influence. Simon compares renting versus buying strategies and concludes by emphasizing personal finance as an individual journey, closing with gratitude and encouragement.
Key Points
- Selling property in a bull market can be a strategic move to capitalize on higher prices and reduce stress.
- Diversifying investments by selling real estate can mitigate concentration risk and potentially offer better returns elsewhere.
- Flexible Spending Accounts (FSAs) allow pre-tax contributions for eligible medical and dependent care expenses, reducing taxable income and saving money on taxes.
Chapters
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Transcript
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