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 Sponsor Tide - Get an Instant Savings Account Earning 4.07% AER Variable for your Business: https://tide.onelink.me/IS48/SavvyWallet T&C's apply. ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️(This is Ato's investing platform of choice) Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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