003 – Leon Make Save Invest Money – Debt Payoff and how we can tackle inequality

29 September 2018

Please join me as I interview Leon from Make Save Invest Money – and he shares how he paid of £23k in debt. We also delve deeper into life, Leon shares how he grew up in a council house in a low-income family. And we ponder how we can address the inequality issue.

You can learn more about Leon at his blog – Make Save Invest Money or catch him on Twitter.

UK FI Pod – Season 1 Episode 3.

This is a low budget one-woman show – I am producing one series as a proof of concept. So please let me know what you think.

All feedback and comments are welcome – please drop me an email on hello@ukfipod.space.  Let me know if you want to be interviewed, or you have a question you’d like explored on the podcast.


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  1. Hi, really enjoying the podcast – thank you. I was just intrigued to hear Leon say that one of his plans was to buy an investment property in cash. I wanted to just say that in my opinion (unless one has a philosophical objection to debt, which is totally valid) surely it would be better to leverage that purchase? On an appreciating asset (probably) the growth returns are amplified if you only put down, say,25% and of course mortgage debt is very cheap, compared to potential returns of the funds you are tying up in the property if you buy in cash.

    Just my thoughts – keep up the great work. It’s refreshing to hear a UK FI perspective. Have you tried contacting The Escape Artist for an interview?

    1. Hi Gary, great to have you listening. And yes, Barney has promised an interview, but no longer working he is galavanting a lot and difficult to pin down!

      I would tend to agree with you on that leverage, and I’ve pinged Leon to get him here to share his thoughts too.

      Please keep the feedback coming 🙂

    2. Hi Gary,

      Thanks for the question.
      Yes, I agree it would be a good idea to use leverage by only putting down around a 25% deposit. As suggested by Robert Kiyosaki and Grant Cardone. Provided there is good cash flow after costs and taxes.
      I will purchase an investment property this way, soon.
      However, in the future (about 20 years) I would like to be completely mortgage free and in a position to buy an investment property with cash. Not literally a bag of cash, but a purchase with no mortgage!

  2. Fntastic effort to pay off so much debt in so little time!

    I’d like to offer an opposing view on the logic of paying off your student loans though. I posted about this here – https://drfire.co.uk/should-i-pay-back-my-student-loan-early/

    But to sum up:
    The interest rates on plan 1 loans over the last few years have varied from 0.75-1.75%, which is lower than inflation. So sure, your student loan may have been £18K (for example, I’ve forgotten the exact numbers), and you may have worked out that you’ll pay back more than £18K by the time you clear the debt. But the value of £18K in 5-10 years will be less than it is now. Inflation would have eroded the value of your student loan debt. Furthermore, you could have put that £18k in any account that pays more than the interest rate of your loans and made money.

    Obviously, this decision is a personal one, and getting debt free is a fantastic achievement. I just don’t think rushing to pay off your student loans makes sense for most people.

    1. Thanks DrFiRE, indeed I’m on the same page as you re student loans…..I didn’t pay mine off until I was like thirty something!

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