Joining us in the booth this week is certified financial planner and financial advisor, Michael Donkor who has worked in the finance industry for over a decade.
In this episode we discuss:
- Can you still become rich in the UK?
- The pro’s and con’s of investing and how it can help you build wealth
- Michael’s 10 year lessons of working in finance
- How Michael’s client became a millionaire in their 20’s
- The difference between “rich” and “wealthy”
- Why retirement planning needs to be balanced!
- 2 actions to start investing today and much more
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TIMESTAMPS
0:00 - Preview
1:18 - Intro
1:53 - Meet Financial Planner and Financial Advisor Michael
6:56 - Tide Ad
8:11 - Growing up in Hackney
13:44 - How I became a financial planner
21:32 - What’s the difference between a financial planner and financial advisor?
27:15 - How my clients make money!
32:39 - My “aha” moments from working in finance for over a decade
36:48 - Ways to build your wealth!
38:16 - Savvy Wallet Ad
42:10 - Benefits of investing in the stock market?
48:23 - Risks of investing in the stock market
50:37 - How to identify what to invest in?
52:50 - My client became a Millionaire!
57:38 - Benefits of a Stock and shares isa
59:26 - Lessons learnt from investing for clients
1:01:28 - Sensible amount of money to invest every month?
1:03:55 - How do you save for a house and invest at the same time ?
1:09:45 - This person wanted to become a millionaire in 5 years
1:12:33 - 2 actions to start investing today
1:14:37 - This is the number one investment
1:18:17 - Can you still become rich in the UK?
1:23:18 - Factors to decide if the UK is right for you?
1:27:11 - The Money System in Switzerland
1:31:28 - Final words
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EP. 144 - Self Made Millionaire: I Became A Multimillionaire By Not Paying Myself For 6 years! ft. Ajmal Mushtaq
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EP. 143 - £11M Entrepreneur: The Truth About Building A Multi-Million Business With £100! ft. Ama Amo-Agyei
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EP. 142 - The Money Lawyer REVEALS How To Save Up To 40% On Inheritance Tax! ft. Deborah Bowers
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EP. 141 - No. 1 Money Expert: Do This To Become Financially FREE With An Average Salary! | Sammie Ellard-King
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EP. 139 - MONEY MAKING EXPERT: Learn This! The Essential Habits That Built 3 Businesses Globally! ft. Darren Bond
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EP. 137 - PRIVATE BANKER: STOP Doing This! 4 Things You Must Do To Become Rich! ft. Franklin Asante
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The information contained on this video is not intended as, and shall not be understood or construed as, financial advice. I am not a financial advisor and the information in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
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