The Savvy Wallet Podcast

EP. 147 - Financial Advisor: The Truth About Getting Rich In the UK And Building Wealth! ft. Michael Donkor


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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

  • 🔗 Connect with Michael:

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

    Linkedin: https://www.linkedin.com/in/michaelgdonkor


    📩 Sign up to my mailing list to be the first to know about upcoming events:

    http://eepurl.com/hJEcLL


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    ➡️ Follow Savvy Wallet on:

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

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    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

    01:18 - Intro

    01:53 - Meet Financial Planner and Financial Advisor Michael

    06:56 - Tide Ad

    08:11 - 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

    01:01:28 - Sensible amount of money to invest every month?

    01:03:55 - How do you save for a house and invest at the same time ? 

    01:09:45 - This person wanted to become a millionaire in 5 years

    01:12:33 - 2 actions to start investing today

    01:14:37 - This is the number one investment

    01:18:17 - Can you still become rich in the UK?

    01:23:18 - Factors to decide if the UK is right for you?

    01:27:11 - The Money System in Switzerland

    01:31:28 - Final words


    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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