The Savvy Wallet Podcast

EP. 174 - Money Expert: I’m 63. If You're In Your 20’s, 30’s or 40’s Watch This Before It’s Too Late


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In this episode, Ato speaks with Perry, a cab driver, property entrepreneur, author and went on the journey of financial independence at the age of 57 and he achieved financial independence (light) in 3 years.


In this episode we discuss:

- Why Perry decide to change his life at 57

- Shifting from 40 hours a week or 80 hours a week to make extra income

- How he managed to buy multiple properties on a minimum wage

- How he achieved financial freedom 'light' in 3 years

- The mindset required to attain a wealthy life

- How anyone can change their financial life and gain financial freedom much more


Connect with Perry:

https://www.youtube.com/@StupidIsTheNorm
Grab a copy of Perry's book "Minimum Wage Millionaire" here:
https://amzn.to/3SsC3Cf


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

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TIMESTAMPS

0:00 - Preview

0:56 - Intro

1:31 - Meet Property Investor Perry Wilson

6:12 - Why I stopped working as a bartender

11:45 - I started working 80 hours a week

14:02 - Why I decided to buy a property & how much it cost

15:48 - Tide Ad

21:05 - Becoming financially free light

22:16 - This property was a nightmare!

24:45 - How I learnt to raise money for property

26:13 - Buying a 10 property deal

29:20 - Losing 40% of my rental income

31:56 - Millionaire mindset

34:16 - Why I decided to use the buy to let strategy

38:46 - Challenges with scaling my buy to let portfolio

45:12 - Can you really buy property with minimum wage?

50:51 - Steps to financial independence

55:17 - How much should you roughly save for a first rental property?

59:08 - Second jobs/side hustles will supercharge your earnings

1:07:28 - Why I’m so disciplined

1:09:50 - My retirement goal

1:15:15 - How to start raising money for your property

1:22:00 - Is buy to let still viable in 2025?

1:23:08 - Perry’s book: “Minimum Wage Millionaire”

1:26:44 - Final words

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