Video Description

In this episode, Ato speaks with Bola Sol who is a financial adviser, media personality and author of the books 'How to Save It' and 'Your Money Life'. She's passionate about making money simple, accessible and empowering people to take control of their finances and build wealth. We discuss: - Money Lesson's Bola learnt from her family - What's FU Money and why you need it - Why saving your first £10,000 is so important - The best income streams to build now - Helping women in your life with their finances - Why women need their own financial independence - How to close the gender investment gap - First steps to investing and much more 🔗 Connect with Bola: Bola's instagram: https://www.instagram.com/bola_sol/ Bola Sol's Books: How to Save it: https://amzn.to/3VCNxET Your Money Life: https://amzn.to/4nYbHFZ 📩 Sign up to my mailing list to be the first to know about upcoming events: https://eepurl.com/hJEcLL 🤝 Partners Xero - All-in-one accounting software for small businesses. Get 90% off for 6 months: https://xero.com/savvywallet Terms & Conditions apply. Lightyear Use code SAVVY or go to https://lightyear.com/savvywallet to get up to £100 in a US fractional share in your GIA. Capital at risk. Terms apply: https://lightyear.com/en-gb/signup-promotion-terms. Valid for new users who complete onboarding and deposit at least £100. The reward can be withdrawn 6 months after it’s credited. Black Business Show - Grab FREE tickets (worth £50) to UK Black Business Show (On Sat) or Black Women Business Talks/Black Men Business Talks with the code "SAVVYFREE" https://www.ukblackbusinessweek.com/tickets/ Use code "UKBB15" for 15% off all other events throughout the week 📚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 1:24 - Intro 1:35 - Meet Financial Advisor Bola Sol 5:28 - Money lessons from my family 8:59 - What inspired me to become a financial advisor 11:56 - 3 most surprising things I’ve seen as a financial advisor 16:53 - What inspired me to teach people about money 19:43 - Get your money up! 21:59 - How to make your first £1,000 26:42 - What’s FU Money? 30:55 - How to go from £1,000 to £10,000 33:03 - Is there a way to make £10,000 passively? 34:54 - Why is the first £10,000 so important 36:15 - The roadmap to go from £10,000 to financial independence 40:14 - How to figure out your financial independence goal? 43:37 - Why does everything change after £100k 46:10 - The best income streams to build now 54:30 - Non-negotiables for building wealth? 54:57 - Barriers that make it harder for women to make their first £10k 58:56 - Women’s reduced earning power 1:00:53 - How to help the women in your life with their finances 1:04:33 - My personal experience with salary conversations 1:07:46 - Advice to get paid your worth 1:10:43 - Why talking about money makes women uncomfortable 1:17:00 - Why’s it important for woman to have their own financial independence 1:21:24 - Why retirement planning is so important for Women 1:25:17 - Practical ways to close the gender investment gap 1:28:45 - First steps of investing 1:30:57 - Generational wealth breaks historical money disadvantages 1:33:06 - How I help women with their money 1:33:43 - Your Money Life 1:35:00 - Final words Other episodes to watch: EP. 187 - Money Psychologist: 7 Psychology Shifts To Get Rich, Stay Rich, and Build Wealth ft. Norma Cassius https://youtu.be/G1NwI5THtZk EP. 186 - Fraud Expert Reveals The New AI Scams Emptying Your Bank Accounts In Minutes ft. Nick Stapleton https://youtu.be/UEZSPPXeQEY EP. 185 - Money Expert: "They’re Wrong!" The 7 Money Habits That Quietly Build Wealth From A 9–5 Job ft. Natalie Scott Powers https://youtu.be/tjhHxnpAADM EP. 184 - “Buy and Hold Is Lazy” Investing Experts Debate Passive Investing vs Active Investing ft. Andrew Craig & Debodun Osekita https://youtu.be/VWGoPGg0Idk EP. 183 - Money Making Expert: If I Wanted To Make £1 million In The Next 12 Months, I'd Do This! ft. Oyin Adebayo https://youtu.be/ACr-ecFWi7Q EP. 182 - Stock Market Millionaire: How I Turned £500 A Month Into £1M+ (And How You Can Too!) ft. Leon Boros https://youtu.be/mufcv88NvI4 EP. 181 - Ex-Private Banker: If I Wanted To Go From Zero To Serious Wealth, I’d Do This! ft. Deborah Williams https://youtu.be/rq7mRGs1PVU 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.