EP. 183 - From £200 To 7 Figures: How To Build Wealth On An Average Salary ft. Oyin Adebayo

Listen to this episode from The Savvy Wallet Podcast on Spotify. In this episode, Ato speaks with Oyin Adebayo the founder and CEO of Niyo Group, the powerhouse behind Niyo Labs and Niyo Fest. From earning £200 a week as a hairdresser to building a company that’s generated over £2 million in revenue. Through Niyo Labs, she’s helped hundreds upskill into tech roles, while Niyo Fest celebrates Black identity and joy on a major stage, drawing thousands each year. We discuss: - How her relationship with money helped her succes - How she scaled Niyo group from £200 per week to £2 Million - What they don't tell you about making millions in business - How your relationships can help you achieve your goals - The truth about Debt vs equity to grow your business - Framework for creating a sustainable side hustle - How she would build a £1 million business in a year and much more 🔗 Connect with Oyin: Instagram: https://www.instagram.com/oyinadebayo_ 📩 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 0:50 - Intro 1:01 - Meet tech entrepreneur Oyin 4:00 - Growing up in Nigeria 6:44 - Pivotal moments that put me on this path 8:55 - Why I created Niyo Group 11:18 - My real relationship with money 16:36 - How my definition of money & success has changed 18:38 - How Niyo Group builds tech with human brilliance 21:39 - Your relationships will define your success 26:11 - I started Niyo Group with No Money! 26:42 - How I scaled Niyo Group to £2 Million 29:03 - People don’t tell you the truth about business 34:40 - How does Niyo labs and Niyo fest connect to build wealth? 35:43 - Using debt to grow my business 40:19 - What people get wrong about creating an event 44:45 - Sacrifices I’ve had to make for my business to succeed 47:26 - How it felt spending my savings for my business 49:33- Highest return investment I’ve made? 50:54 - How do you spot money making opportunities? 54:16 - Framework for creating a sustainable side hustle 58:27 - How I would build a million pound business in a year 1:00:49 - What’s in the wallet ? 1:05:32 - What does success look like for me? 1:06:05 - 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