The Savvy Wallet Podcast

• EP. 182 - Stock Market Millionaire: How I Turned £500 A Month Into £1M+ (And How You Can Too!) ft. Leon Boros

  In this episode, Ato speaks with Leon Boros, who is a private investor and former corporate financier who became an ISA Millionaire in 2013 (Meaning he built a £1M+ tax-free portfolio made up of stock investments). We discuss: - Key choices that shaped Leon's financial success - How to become an ISA Millionaire - How much he invested to become an ISA Millionaire - Leon's investing framework that made him an ISA Millionaire - Investing through stock market crashes - Is it still possible to beat the stock market - Potential investment opportunities in the stock market - Best place to start investing and much more 🔗 Connect with Leon: X/Twitter: https://x.com/boros10 📩 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 🤝 Sponsors Lightyear – Grow your cash or build wealth on Lightyear’s simple-to-use platform. Sign up for a new account on Lightyear and get up to $115 worth of a US fractional share of your choice! Claim your reward when you use this link: https://lightyear.app.link/savvywallet or enter the code: "SAVVY" manually in the Promotions section. Capital at risk. ISA rules apply. Terms apply: https://lightyear.com/en-gb/signup-promotion-terms. 🤝 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 1:02 - Intro 1:13 - Meet Private Investor Leon Boros 7:10 - This decision shaped my financial success the most 10:34 - Why I started investing in my teens 14:07 - People get too emotional about the Stock Market 17:10 - Lightyear Ad 18:31 - What’s a stocks and shares ISA? 22:51 - Time + compounding can make you an ISA Millionaire 23:51 - How much should you put in a Stocks and Shares ISA? 25:50 - The earlier you start investing the better 31:04 - Why are there such few ISA’s Millionaires 37:11 - When I believed I could be a Stock Market Millionaire 39:52 - How I became an ISA Millionaire 48:09 - The truth about a diverse stock portfolio 54:36 - How much I invested to become an ISA Millionaire 58:21 - One of my best performing investments 59:42 - My investing framework that made me millions in the Stock Market 1:08:02 - Biggest investing mistakes 1:13:19 - Lessons learnt from my mistakes 1:17:36 - Investing through Stock Market crashes 1:22:21 - Skills to be a good Stock Market investor 1:25:52 - What would I do differently in the Stock Market? 1:27:25 - Is it still possible to beat the Stock Market 1:30:09 - Investment opportunities I’m looking at 1:32:49 - Best place to start investing in the Stock Market 1:35:13 - Final words Disclaimer: 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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• EP. 181 - Ex-Private Banker: If I Wanted To Go From Zero To Serious Wealth, I’d Do This! ft. Deborah Williams

  In this episode, Ato speaks with Deborah Williams is a seasoned financial professional who held roles in private banking and relationship management at top institutions including NatWest, Brown Shipley, Coutts, and C. Hoare & Co where she advised high-net-worth individuals. She was a 2018 finalist for Private Banker of the Year at the Women in Finance Awards and now works as a financial coach and moderator with Female Invest and Black Girl Finance. We discuss:  3 most surprising things she encountered working in private banking Defining your wealth identity The 5 stages of wealth: from zero to building wealth to leaving a legacy Key accounts needed to build up your savings and wealth What it really means to create a lasting legacy and much more 🔗 Connect with Deborah: Linkedin: https://www.linkedin.com/in/deborah-williams-13a81981 Join Black Girl Finance Group: https://payhip.com/b/dmiTW 📩 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 1:17 - Intro 1:28 - Meet Ex-Private Banker & Financial Coach Deborah 3:24 - Growing up in North-West London 6:08 - My relationship with money  11:43 - Financial mistakes that I made 16:20 - Why I pursued a career in banking 18:41 - 3 Things that surprised me about working in private banking 26:35 - Conversations the wealthy have that we don’t! 32:52 - People don’t believe you can become wealthy with a 9-5  35:53 - Do you need to see yourself as wealthy? 40:05 - Did you ever feel stuck financially? 42:16 - Traits that say you’re financially struggle 45:38 - How to stop being in denial 51:49 - How to develop your saving operating system 53:52 - Key accounts to build up your savings 58:24 - Traits that say you’re financially stable 1:01:59 - How to not slip back into bad money habits  1:04:48 - Do this when you’re financially stable 1:07:07 - Steps to grow your wealth  1:11:30 - Unconventional ways to generate more money!  1:16:42 - How to be comfortable building wealth over the long-term?  1:18:19 - Habits and routines to preserve your wealth 1:22:00 - How to figure out the right investments for you 1:24:22 - What does creating a lasting legacy really mean?  1:27:26 - What are the essential financial things you need to do!  1:30:04 - Working with a financial coach 1:31:36 - Final words Disclaimer: 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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• EP. 180 - Tax Director Reveals Why Millionaires Are Fleeing The UK (And Where They’re Escaping To) ft. Peter Ferrigno

  In this episode, Ato speaks with Peter Ferrigno, Director of Tax Services at Henley & Partners who is the global leader in residence and citizenship planning. We discuss: - Why so many Millionaires are leaving the UK - How Millionaires leaving the UK impact it’s economy - The countries with the lowest tax rates - What you should consider before moving abroad - How to protect your financial future and much more 🔗 Connect with Peter: Linkedin: https://www.linkedin.com/in/peterferrigno1 Instagram: https://www.instagram.com/peter.ferrigno 📩 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 1:11 - Intro 1:22 - Meet Tax Director, Peter Ferrigno 6:53 - Are more people leaving the UK now? 9:40 - The UK lost 16,500 Millionaires 15:03 - Why Capital Gains Tax Is Lower 23:12 - How do millionaires leaving the UK impact us? 28:26 - Should we care about millionaire leaving the UK? 34:04 - How many more millionaires will leave the UK in 2025? 34:24 - Where are millionaires moving to? 42:22 - Getting citizenship by investment 43:11 - The Italian Tax System 43:59 - Why do countries want millionaires ? 48:21 - Why is the every day person leaving the UK? 50:23 - Opportunities of staying in the UK? 53:05 - People are coming to the UK 54:28 - Impact of scrapping Capital Gains Tax 56:12 - The 60% tax trap 59:09 - Don’t reduce peoples personal allowances! 1:02:54 - Make it easy for people to spend money 1:06:27 - Countries in the world with the highest taxes 1:12:54 - Practical steps to protect your financial future 1:19:07 - Budgeting and financial planning 1:23:44 - Simple ways to reduce tax 1:26:16 - Common tax pitfalls to be aware of 1:28:29 - What would stop people from leaving the UK? 1:35:49 - Key lessons from 35 years in tax 1:38:36 - Advice for moving abroad 1:40:59 - Which countries has the lowest tax rates in the world 1:45:04 - Final words Disclaimer: 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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• EP. 179 - Financial Advisor Reveals The Best Ways To Retire In Your 40’s or 50’s ft. Michael Donkor

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

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• Podcast Update

  Hey Folks! I hope you’re enjoying the weekend! Just to let you know the podcast will be on a short break for 1 week and will return on the 14th July.  I need a short break to replenish my battery and go strong for the second half of the year. In the meantime why not check out previous episodes that you've missed. I’ve got so many amazing conversations coming up so please stayed tuned and I’ll see you soon! Learn more about your ad choices. Visit megaphone.fm/adchoices

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