The Savvy Wallet Podcast

EP. 144 - Self Made Millionaire: I Became A Multimillionaire By Not Paying Myself For 6 years! ft. Ajmal Mushtaq


Listen Later

Joining us in the booth this week is Ajmal, founder of Pizza restaurant, Boss Pizza and former owner of award winning restaurant, Mushtaqs.


In this episode we discuss:

- How growing up in Glasgow shaped Ajmal

- How he became a multimillionaire

- The key to achieving success in whatever you do

- The system Ajmal used to improve his business

- How Mushtaqs became the biggest takeaway operation in Britain

- Why Ajmal sold his first business

- How Ajmal invests the profits of his business

- Vision for his new business Pizza Boss and much more


🔗 Connect with Ajmal:

Ajmal's TikTok: https://www.tiktok.com/@ajmalmushtaq


➡️ Follow Savvy Wallet on:

Instagram: https://www.instagram.com/savvywallet

TikTok: https://www.tiktok.com/@savvywallet


🎥Watch on Youtube

Check out: https://www.youtube.com/savvywallet for the video version


Check out our partner who is offering an Instant Savings Account Earning 4.07% AER Variable for your Business:

Tide - https://tide.onelink.me/IS48/SavvyWallet

T&Cs Apply.



Check out our partners who offer Stocks and Shares ISA and more:


⚡️Trading 212⚡️

Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY


If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account.


When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply.


⚡️Hargreaves Lansdown ⚡️

http://hl.7eer.net/B0mz50

Capital at risk


⚡️Interactive Investor ⚡️

https://prf.hn/click/camref:1101l3RTLM/ar:SW

Capital at risk


Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you.


TIMESTAMPS

00:00 - Preview

00:57 - Intro

01:33 - Meet Pizza Boss Founder Ajmal Mushtaq

03:47 - Tough times in Glasgow shaped me! 

09:14 - First 6 years on my business didn’t take a wage

17:53 - How Mushtaqs became the biggest takeaway operation in Britain

21:21 - I created the perfect system for my business

27:23 - Challenges I faced when I took over Mushtaqs Restaurant 

36:48 - Why I decided to sell my award winning restaurant business

39:13 - How to prepare to sell your business 

40:18 - What I did after selling my business 

41:49 - I invest in property and not stocks!

46:04 - How long it took me to make my first millions

50:16 - Good money advice that helped me become a millionaire

52:51 - 1 intangibles every business owner needs

55:22 - Mistakes I made as an entrepreneur 

58:35 - Millionaire entrepreneur advice on getting started in business

01:01:44 - Lessons learnt from Mushtaq applied to Boss Pizza

01:07:11 - Final words

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

The Savvy Wallet PodcastBy Savvy Wallet


More shows like The Savvy Wallet Podcast

View all
The Martin Lewis Podcast by BBC Radio 5 Live

The Martin Lewis Podcast

48 Listeners

The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

81 Listeners

The Property Podcast by Rob Bence and Rob Dix from The Property Hub

The Property Podcast

63 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

11 Listeners

This is Money Podcast by This is Money

This is Money Podcast

43 Listeners

Disruptors by Rob Moore

Disruptors

122 Listeners

The Progressive Property Podcast by Kevin McDonnell

The Progressive Property Podcast

7 Listeners

Cash Chats UK Money & Personal Finance podcast by Andy Webb

Cash Chats UK Money & Personal Finance podcast

6 Listeners

The Money Podcast by Rob Moore

The Money Podcast

21 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

14 Listeners

Which? by Which?

Which?

13 Listeners

Switch Your Money On by Hargreaves Lansdown

Switch Your Money On

4 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

37 Listeners

The Stocks and Savings Podcast by Stocks and Savings

The Stocks and Savings Podcast

1 Listeners

Making Money by Damien Jordan & Timeyin Akerele from Most

Making Money

11 Listeners