Abi Hookway shares her experience of Rich House Poor House
AS MUM Abi Hookway enters the house she flicks the light switch but the rented two-bedroom remains in darkness.
Abi and her two children Thomas, 11 and eight-year-old Ellie swapped lives with struggling parents Heather, 24, and Brad, 22, who were £12,000 in debt.I'm sick of mums sponging off the government, they should be shamed “We normally eat out at nice restaurants during the week but the local chip shop wasn’t even in our budget.Abi was selected for the Channel Five show because of her success buying and selling property.
“I wasn't born with a silver spoon in my mouth, I made my own success and if I can do it, anyone can.”“Suddenly I was a single mum with two young children and £24k in debt after the divorce,” she says. It was then that Abi came across an article by a multi-millionaire property investor called Paul Smith.
“This Monopoly Model teaches you that if you just go round the board and don’t buy any property and keep passing GO, you go bankrupt., 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
“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.”“For me, this is now happening in real life.” Abi was asked to appear on Rich House Poor House after producers discovered her social media channels where she discussed building up her business.
“My kids loved living on the two-bedroom terrace for a week. To them it was a huge adventure. They got to eat food they haven't had before. They saw it as a holiday,” she says.Abi says it also made her realise just how many people don't have access to proper information about budgeting and money management.
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