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.
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– LinkedIn (https://www.linkedin.com/in/pirasaanth/)
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Timestamps
00:19 — Ara introduces this week’s guest, Pirasaanth Varatharajan (PV)
01:18 — Growing up in Jane & Finch; building street smarts & hustling Pokemon cards
03:59 — Realizing that trading time for money at PWC wasn’t sustainable
05:38 — Starting his real estate journey; seeing someone do it first
07:20 — Knowing someone who knew someone who had retired at 30
10:44 — From duplexes and triplexes to collecting as many properties as possible
13:51 — The role discipline plays in PV structuring his deals
16:43 — 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 earners
21:41 — Financial learning lessons from early on his career
24:21 — Shifting his mindset from financial freedom to time freedom
26:11 — The need for mental stimulation seemingly never going away
27:40 — Investment options Foundation Capital offers; private REIT and purpose built rentals
30:21 — 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 rethink
39:36 — How he diversifies his wealth
40:29 — Advice he would give his 16-year-old self; work on sales
44:18 — Personal legacy, compound interest, and delayed gratification
48:45 — Creator Confessions
58:32 — The Wrap Up
Intro Music
Produced And Mixed By:
– The Tamil Creator
– Yanchan
Written By:
– Aravinthan Ehamparam
– Yanchan Rajmohan
