Why Owen Rask Believes Equity Is the Most Overlooked Wealth-Building Tool

The Elephant In The Room Property Podcast | Inside Australian Real Estate

Is equity the most underused wealth-building tool? Owen Rask believes it is—and we’re missing out by not tapping into it. In this episode, we sit down with Owen from the Rask Group to explore how equity, particularly in property, can be a game-changer for growing your wealth. From property investment to ETFs and self-managed super funds (SMSFs), Owen breaks down how leveraging equity can open up opportunities you may not have considered.

We also get into financial literacy in Australia, and Owen has some sharp insights. While more people are paying attention to their finances, many are still making risky decisions due to a lack of understanding. Owen highlights the importance of asking the right questions and getting proper advice to avoid costly mistakes.

Curious about SMSFs? Owen unpacks the risks and rewards of SMSF property investing and explains why it’s crucial to diversify. He also shares why you need to be cautious about SMSF lending schemes and one-stop-shop setups that might not always have your best interests at heart.

As we look ahead, Owen talks about how AI could reshape financial advice and offers practical tips on how to protect yourself from scams in an increasingly digital world. This episode is packed with actionable insights that can help you take control of your financial future. Don’t miss it!

Episode Highlights:

00:00 - Introduction

00:59 - Who is Owen Rask?

01:53 - Owen Rask’s take on the financial literacy in Australia

05:28 - Should you consider purchasing property through a self-managed super fund?

12:50 - What people need to think about before setting up an SMSF

16:03 - Where to go for guidance on managing your super effectively?

27:12 - Fractional property investment and what Owen thinks about it

34:13 - Is the perceived safety of ETFs being undermined by riskier funds?

37:21 - Is AI going to make it easier to get holistic and cost-effective advice?

50:40 - How to protect yourself from scams in an increasingly digital & tech-reliant environment

55:48 - Owen Rask’s property dumbo

About Our Guest:

Owen Rask is The Rask Group's Founder, and Chief Investment Officer of Rask Invest. He also co-founded and is a Partner at Inflection, the business accelerator. Owen holds Masters Degrees in Financial Planning and in Applied Finance, and a Bachelor's Degree of Technology. Owen co-hosts podcasts and live shows with over 200,000 unique monthly listeners. Rask has now enrolled 30,000 Aussies into free online finance courses, on a pathway to 100,000 before 2027.

Connect with Owen Rask:

• Website https://www.rask.com.au/

Resources mentioned in this episode:

• The Wolf of Wall Street: Money Lessons & Financial Scams to Avoid https://bit.ly/3Bbdlkd

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at:
• The Elephant in the Room Property Podcast - [e-mail]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.flintgroup.au
• Work with Chris: [e-mail]

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!

• Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
• Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

See omnystudio.com/listener for privacy information.