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.
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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
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
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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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