I was £24k in debt & single mum-of-2 – I was told it’d take me 40 years to get out of the red but now I’m a millionaire
A WOMAN has revealed that she was a single mother of two in £24,000 of debt, but has now totally turned her life around.
Abi Hookway, from Doncaster in South Yorkshire, was told that it would take her 40 years to get out of the red, but now, the Property and Wealth Coach and Property Investor, who appeared on Channel 5’s Rich House Poor House, is a millionaire.
Posting on social media, Abi opened up about how she escaped the 9 to 5 grind and built her impressive property portfolio, as she wrote: “How I became debt free, quit my 9-5 job and built a £7.5million property portfolio.”
She then said: “Seven years ago, I divorced my husband, I moved into a little terraced house with my two children, Thomas and Ellie, who were both under five, and I was working 40, 50 hours a week, and I’d gone to an IFA and they told me that it would take me about 14 years to get out of my debt.”
Abi explained that she was left feeling ‘so disappointed’ and was extremely unhappy living the 9 to 5 grind.
The mum-of-two shared that she had gone to school, got good grades, worked up the career ladder, and even paid off her mortgage with her ex-husband.
But at the age of 31, when she found herself as a “skint, broke, single mum”, she made a decision that she wanted to do something different.
Abi revealed that she had always had a passion for properties and loved interior design.
I don’t have a boss, I don’t go to work, and I can’t tell you how freeing it is
Abi Hookway
As a result, she began by renting out people’s properties on booking.com and Airbnb and would then typically make between £1,800 to £2,000 a month.
Following this, Abi became a property finder and would get paid £3,000 a time.
As a result, Abi was able to begin paying off her debt.
She explained that she was then lent her ‘first pot of money’, which enabled her to buy a property, do it up, and sell it, making her a sweet £70,000.
She beamed: “That was the day my life changed forever. I now own quite a big property portfolio, I’ve commercial property, holiday lets, buy to lets, I do a lot of flips, and properties changed my life.
“I don’t have a boss, I don’t go to work, and I can’t tell you how freeing it is, from being so broken, so down, hating life in the 9-5 system – breaking out, it is truly amazing.”
A lot of my friends thought I was going off the rails, but I didn’t listen
Abi Hookway
Abi explained that people doubted her, but she didn’t listen, as she continued: “I had so many people around me telling me not to do it, telling me it’s a scam, telling me I would go bankrupt, my mum, my brother, were not happy about what I was doing at all. A lot of my friends thought I was going off the rails, but I didn’t listen.”
The TikTok clip, which was posted under the username @abihookwayproperty, has clearly left many open-mouthed, as social media users quickly flocked to the comments to praise Abi’s ‘inspirational’ journey.
So inspiring
TikTok user
Abi's top tips for those wanting to “change their life.”
IF you are fed up with the 9 to 5 grind and are looking for some advice on how to change your life, Abi has shared her three top tips.
PASSION: Abi advised: “Find your passion and go for it. Don’t let anything stop you, get educated and go for it.”
RISKS: Abi added: “Learn to take risks. Everything is a risk in this life – learn that risk is ok and to take good risks.”
LISTENING: Finally, Abi shared: “Not to listen to negative people around you – go and listen to the people that have done that. Keep smiling, be positive.”
One person said: “So inspiring, I am desperate to learn.”
Another added: “You are amazing and the type of role model women should be looking up to.”
A third commented: “Great video.”
Whilst someone else shared: “Well done, you’re amazing.”
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