About the show
Welcome to the The Savvy Wallet Podcast, where I talk to the brightest minds in personal finance, business, health and more.
Episodes released every Monday at 8am GMT on Spotify, Apple Podcasts, Youtube and wherever you listen to your podcasts.
Subscribe to be reminded whenever a new episode is released!
Follow us on our social media accounts: Instagram – https://www.instagram.com/savvywallet
TikTok – https://www.tiktok.com/@savvywallet
Youtube – https://www.youtube.com/savvywallet
To support the production of this podcast, you can make a donation here: https://app.redcircle.com/shows/38c8ff58-54cb-452b-aa21-25c24e06d375/donations
Welcome to the The Savvy Wallet Podcast, where I talk to the brightest minds in personal finance, business, health and more. Episodes released every Monday at 8am GMT on Spotify, Apple Podcasts, Youtube and wherever you listen to your podcasts. Subscribe to be reminded whenever a new episode is released!
Follow us on our social media accounts:
Instagram – https://www.instagram.com/savvywallet
TikTok – https://www.tiktok.com/@savvywallet
Youtube – https://www.youtube.com/savvywallet
Michael is a certified financial planner and financial advisor with over a decade of experience in the financial services industry.
In this episode we discuss:
– How a client experienced changed Michael’s perspective on retirement
– Pro’s and cons of using a pension for retirement
– What you need to do differently to speed up your retirement
– What are RSU’s and stock options and how to build wealth with them
– Building a balanced retirement portfolio and much more
🔗 Connect with Michael:
Linkedin: https://www.linkedin.com/in/michaelgdonkor
Instagram: https://www.instagram.com/mikegdonkor
📩 Sign up to my mailing list to be the first to know about upcoming events:
http://eepurl.com/hJEcLL
💼 What’s in The Wallet
Submit any question anonymously and it may get answered in future episodes. Drop your question here: https://tally.so/r/w5gzdE
🤝 Partners
📚Coursera – Learn AI, Cybersecurity, Project Management, Data Science & more with the education platform that I use:
https://imp.i384100.net/savvywallet
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
0:00 – Preview
1:01 – Intro
1:12 – Meet Financial Advisor, Michael
4:49 – When I thought wealth was possible for me
12:07 – Client story that changed my perspective on life
18:27 – When you retire you grieve your job
22: 30 – How serious is the retirement problem for previous generations
28:45 – What does retirement mean for you?
30:58 – When should you contribute to your pensions?
34:59 – Invest in things you’re interested in
39:44 – S&P 500 & Global index funds in your pensions
42:25 – How to retire with a pension
47:36 – When you can no longer get tax benefits from a pension
50:15 – How to utilise the stock market to retire earlier
55:16 – What you need to do differently to retire earlier?
1:02:38 – The approach to the stock market to retire earlier
1:04:01 – What are stock options and RSU’s and how to build wealth with them
1:09:50 – The downsides of RSU’s
1:14:24 – How to use property for retirement?
1:18:55 – A balanced retirement plan
1:20:02 – What’s in The Wallet
1:23:14 – Final Words
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