Discover how to build passive income streams and invest in a buy to let property UK. Learn how consistent saving habits unlock total financial freedom.
Written 22nd June 2025
Did I mention I have a buy to let property?
After I'd paid off my mortgage, I just carried on the way I had been. Not spending much and saving. Within 7 years I'd saved enough to buy a 2 bedroom flat and cover all the associated purchase legal costs and stamp duty.
I inherited £10k when my Dad died, otherwise I saved the rest from my wages.
I've had a tenant the whole time I've owned it. I've spent several thousands on maintenance etc but otherwise it's been a really good long term investment.
I pay tax on the income like every one else and I make sure I adhere to all my legal obligations as a landlord.
I never planned to buy one, I always thought it was something that other people have and that'd never be me. But it was a good relatively low risk option for my savings once I had a substantial sum of money to spend (as I would never consider taking out another mortgage) and it has earned me a good regular income over the years and generates the majority of my income now I'm retired.
Why am I mentioning this? Not to brag, because most of my friends don't even know I have it, but just to show you that once you get into the saving / not spending mindlessly habit, you too will save a princely sum building up over the months and years. Monies you could then put to supporting you financially moving forward by investing it, or buying a property, or a priceless antique, or gold, or anything else that you consider to be a solid investment after you've done your research and due diligence. Or give up work early or have a once in a lifetime holiday. The possibilities open to you are endless once you have some money behind you.
From small changes, consistent effort and dedication, great things can happen.