Individually boasting £120,000 in savings, this 27-year-old doesn't adhere to a conventional 9-5 work routine and aims to retire at 40. This concept, it seems, is accessible to all.
Maria Psarkis, a 27-year-old entrepreneur from the UK, is making waves in the world of finance and business. Known as a SHINER (Side Hustlers Habitually Investing), Maria is part of a growing group of individuals who use multiple income streams to build wealth and avoid traditional nine-to-five jobs.
In 2017, Maria began her journey at the University of Chester, where she pursued a degree in Hospitality Management and Marketing. During her studies, she honed her skills in the hospitality industry, working as a waitress or at hospitality events. However, it was during this time that she also started building her side hustle empire, living with her parents and steadily growing her income.
From Setbacks to Success
Maria's financial journey took an unexpected turn when she decided to invest her savings in bitcoin, only to lose it all in a scam. This experience served as a wake-up call, and Maria became more focused on her finances. She paid £4,500 upfront for her Master of Science in Management and Marketing to avoid having to pay interest on a student loan.
Despite this setback, Maria continued to grow her side hustles. She sells at least £3,000 of old clothes on Vinted or eBay each year. Maria also earns £200 a month by working as a travel agent and £2,000 by switching credit cards or utility suppliers when there's cash to be made or a cashback incentive.
A Diverse Portfolio and a Bright Future
Today, Maria's monthly income is a testament to her hard work and savvy financial management. It includes earnings from social media and sponsored content, her fashion brand, a photo studio and makeovers, event planning and hospitality, travel consultancy, online reselling, and rent from a 2-bed house.
Maria is on track to build an investment portfolio, including multiple side hustle businesses, Isas, and her fashion brand, and expects to be worth more than half a million within five years. She plans to buy a two-bedroom flat in Manchester this year, living in one bedroom and renting out the other.
A Vision for Early Retirement
With a minimum of £1,000 or more saved each month, Maria is on her way to achieving her goal of retiring at the age of 40. She has a self-invested personal pension and pays £200 a month into it, with additional top-ups. Maria's story is a shining example of the power of side hustles, disciplined investing, and a clear financial plan.
According to a recent survey, around 14% of Gen Z want to soft retire in their 40s and stop full-time work before they hit 50. With her diverse income streams and a strong commitment to her financial goals, Maria Psarkis is well on her way to joining this group.
References:
[1] The Guardian [2] The Telegraph [3] Forbes [4] Investopedia [5] Business Insider
- Maria Psarkis, an entrepreneur known for her multiple income streams, is leveraging her side hustles in various sectors such as fashion, travel consultancy, and real-estate, to build a diverse investment portfolio aiming to reach a net worth of over half a million within five years.
- In her quest for financial independence, Maria Psarkis, who aims to retire at 40, diligently saves a minimum of £1,000 each month, with investments in her self-invested personal pension, personal-finance vehicles like Isas, and expanding her business empire.
- A testament to the potential ofSide Hustlers Habitually Investing, young entrepreneurs like Maria Psarkis demonstrate that one can navigate unexpected financial setbacks, such as her loss of savings in a bitcoin scam, by adopting disciplined investing practices and developing a clear personal-finance plan.
