EP #139: Pirasaanth Varatharajan - Foundation Capital Co-Founder, CPA & Real Estate Investor
Pirasaanth Varatharajan (@thepvrajan) is a Chartered Professional Accountant (CPA, CA), real estate investor and co-founder of Foundation Capital. After starting his career at PwC and later becoming a Partner at Galleon CPA, he transitioned into building a real estate private equity firm focused on multifamily investing, asset management and helping investors create long-term wealth beyond traditional investing.He joins Ara on this episode of #TheTamilCreator to discuss realizing that "the game" was played a certain way, why delaying gratification and avoiding lifestyle inflation changed his financial trajectory, lessons from investing in crypto before his exchange collapsed, why debt isn't as dangerous as many people believe, building wealth through real estate and the mindset shifts that separate financial freedom from time freedom.If you've ever wondered how financially successful people think differently about wealth, risk, debt and long-term investing, this episode is for you.Follow Pirasaanth:- LinkedIn (https://www.linkedin.com/in/pirasaanth/) Timestamps00:19 — Ara introduces this week’s guest, Pirasaanth Varatharajan (PV)01:18 — Growing up in Jane & Finch; building street smarts & hustling Pokemon cards03:59 — Realizing that trading time for money at PWC wasn’t sustainable05:38 — Starting his real estate journey; seeing someone do it first07:20 — Knowing someone who knew someone who had retired at 3010:44 — From duplexes and triplexes to collecting as many properties as possible13:51 — The role discipline plays in PV structuring his deals16:43 — What is the Canada Mortgage and Housing Corporation (CMHC)?17:51 — Ensuring business transparency with investors through social stories, live streams, etc.19:47 — Some investment advice for high income earners21:41 — Financial learning lessons from early on his career24:21 — Shifting his mindset from financial freedom to time freedom26:11 — The need for mental stimulation seemingly never going away27:40 — Investment options Foundation Capital offers; private REIT and purpose built rentals30:21 — Fear of risk when expanding Foundation Capital’s offering?33:40 — Why the market isn’t being corrected despite rentals being more affordable?36:14 — Does PV feel connected to the Tamil community?37:09 — Wealth building myths the Tamil community should rethink39:36 — How he diversifies his wealth40:29 — Advice he would give his 16-year-old self; work on sales44:18 — Personal legacy, compound interest, and delayed gratification48:45 — Creator Confessions58:32 — The Wrap UpIntro MusicProduced And Mixed By:- The Tamil Creator- YanchanWritten By:- Aravinthan Ehamparam- Yanchan Rajmohan Support the show

