ESCAPE PLAN: How to Break The Paycheck To Paycheck Cycle

Рет қаралды 8,171

Күн бұрын

Order our Sunday Times Bestselling book 📕, Financial Joy: geni.us/financialjoy . Today, I'm sharing 8 steps to help you manage your money when things are tight or if you're living paycheck to paycheck.
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KEN:
I'm married to Mary (the other half of The Humble Penny) and I'm a proud dad.
Former CFO by day with over 12 years of experience in the investment business. I'm a Chartered Accountant and hold an MBA from Cambridge University.
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TIME STAMPS:
0:00 - Intro
3:07 - Step 1: Start with gratitude
5:22 - Step 2: Pray and commit things to God
6:36 - Step 3: Track income, expenses, assets and liabilities
9:17 - Step 4: Communicate well and often
10:28 - Step 5: Question your lifestyle and make small changes
12:28 - Step 6: Use cash as much as possible
13:55 - Step 7: Create a cashflow plan
19:01 - Step 8: Create a plan to make more money
22:30 - Bonus point
23:33 - Understand Faith Walks
Best, Ken and Mary
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★★ WHAT THIS VIDEO IS ABOUT★★
ESCAPE PLAN: How to Break The Paycheck To Paycheck Cycle

Пікірлер: 57

@TheHumblePenny Ай бұрын

Hope you enjoyed watching this video. Drop a comment or question if you have any :)

@Afrinaturality Ай бұрын

Great that you mentioned your faith and gratitude for what we have as well as practical tips. 🙏🏾 Perspective can make a difference.

@TheHumblePenny Ай бұрын

Absolutely!!

@joeoluwa6532 Ай бұрын

Ken, these are absolutely fantastic and partical tips. God will bless you to your fourth generation IJMN.... Amen. Thanks for sharing your powerful faith..

@TheHumblePenny Ай бұрын

@joeoluwa6532 Amen! And blessings to you, too 🙏🏾

@Abdul_Rahman86 Ай бұрын

For me I needed to get another job that paid more. I was a nurse in the NHS. This automatically meant 2 things. 1) Destined to a life of poverty (1800 per calendar month) 2) Retire at 67. Fortunately I landed a job in finance and work my way up the corporate ladder. Salary 2.3k per month after total deductions Retirement 55. (Well 57)

@TheHumblePenny Ай бұрын

Thank you for sharing. Shame really that nurses remain poorly paid in the NHS.

@Abdul_Rahman86 Ай бұрын

@@TheHumblePenny Cheers. Absolutely love your content. Unfortunately the NHS is not a cash or income generating organisation like financial companies are so they can’t afford to pay their staff. For good or for bad that’s the reality.

@helennoble9587 Ай бұрын

Same situation, got out of there too as well as most colleagues 👍

@ernestineblackie369 Ай бұрын

How did you get into finance,do you have a degree in it.I am studying to be a nurse associate so life of poverty is a definite.However I am encouraged that I don't pay for the course.

@NMiller80666 Ай бұрын

Weren't there any opportunities to climb the nursing career ladder and earn more? 1800 is a 1st year newly qualified nurses salary in the NHS.

@juliegordon8098 Ай бұрын

Grateful for the butter in the fridge & having a loaf of bread it’s the v sml things they don’t have to be big…I’ve no idea how I’m gonna manage. My job is gone as of today & no income now. It’s day by day now. No point on worry that’s a wasted energy. Thx for your video.

@TheHumblePenny Ай бұрын

Love this.

@user-wl7jy9wu9m Ай бұрын

Now you have the opportunity to change and start your new life... keep motivated and never give up..

@johnny9092 Ай бұрын

I love you and your wife so much! Even with the success and fame God is giving you both, you haven’t moved away from your first love, God! Keep praying you for you both.

@TheHumblePenny Ай бұрын

Glory to God always 🙏🏾

@crownedwithcoils3363 21 күн бұрын

This video has really shifted my mindset for the coming week. Thank you Ken, God bless you continually 🙏🏾

@TheHumblePenny 21 күн бұрын

God bless you too! Keep going 💪🏾. Please share this video with others

@adrianolecuane2532 Ай бұрын

Anticipation that's the key. I have been implementing it since I was in one of your online workshops. I do exactly what you showed (18:00). My wife was hesitant when I suggested, (I took on board and spread around the house so she could see what I was working on)now she does for me and managed to reduce the expenses even more. You guys are doing absolutely great to many people. Thank Ken& Mary

@TheHumblePenny Ай бұрын

This is so good to hear 👏🏾

@ernestineblackie369 Ай бұрын

It was a very good practical video.I love that God is in it too.I like the cashplan ,I will do it .I have ordered the book from amazon and waiting for its delivery.I wrote down what I am grateful ,going to put it on my fridge.I always eat and I will be able to remind myself too.I shared the video with my work colleague too.Love it😊

@JoanneJennings-ku3eo Ай бұрын

Your advice is so helpful. I am so looking forward to purchasing your book in a couple of weeks when paid.

@cillae8119 Ай бұрын

So good! I need a financial spring clean

@TheHumblePenny Ай бұрын

Thank you 😊. Please share with others

@deefootie5924 Ай бұрын

An amazing video. Listened whilst on a 30 min drive to one of my business venues. I actually parked up to list my "gratitude items". This is so simple and practical! Many of mentees will receive a copy...I shall tell them..STRAIGHT FROM King Ken & Queen Mary🎉🎉😂😂

@TheHumblePenny Ай бұрын

😊🙏🏾🙏🏾

@mannyade2890 Ай бұрын

The faith element is super key!

@TheHumblePenny Ай бұрын

💯. I'm talking more about it because I think it will encourage more people.

@onyiikelly8412 Ай бұрын

And I have really been encouraged by it. Keep up the good work💪

@TheHumblePenny Ай бұрын

@@onyiikelly8412 🙏🏾

@videostoviews2262 Ай бұрын

Love your authenticity, Ken.❤ I will be purchasing several copies of your book as Christmas presents for relatives along with a nice bookmark and food vouchers. Keeping it simple and useful 😊

@TheHumblePenny Ай бұрын

Please do! Awesome 😊

@ImpactMedia24 Ай бұрын

Thank you so much for today's video, it was really meant for me. Because, I am planning to buy my first property, will be going for second view tomorrow, have gotten solicitor in place, deposit ready, AIP also in place. I am contractor working via an umbrella company. But I just receive a call yesterday that my contract that will not be extending at the end of June. I have been worry over it since last night. But after listening to you, I now have peace, I am grateful for everything. Thank you so much.

@TheHumblePenny Ай бұрын

Really pleased to read this 😊. All the best with the house purchase too.

@aidaniang1154 Ай бұрын

Thank you very much for your practicality and mindful videos It definitely helps me be more proactive in addressing my finances and slowly building towards freedom and stability. I appreciate you and your wife for your help and knowledge.

@TheHumblePenny Ай бұрын

You're very welcome!

@___Saint Ай бұрын

Thanks for sharing

@TheHumblePenny Ай бұрын

You're welcome 😊

@user-wl7jy9wu9m Ай бұрын

Cheers, Ken, great advice video.. loved the book .. bought it on Amazon...keeping me challenged & motivated..putting my financial plans in place

@TheHumblePenny Ай бұрын

John, that's awesome! Could you please write us a review on Amazon? Kindly tell people what you loved and pls add a photo of the book. Much appreciated

@faqu529 Ай бұрын

Thank you for talking about your Faith!🙏🏾

@TheHumblePenny Ай бұрын

🙏🏾

@oxymoron582 Ай бұрын

Great video (as always) Ken 👍 Even with decent paying jobs, my wife and I have to manage our finances meticulously - to combat the effects of external factors like high interest rates, cost of living crisis etc. Sometimes it feels like we are stuck in this situation. No doubt, as you said this is temporary and there is light at the end of the tunnel. God bless 🙏

@TheHumblePenny Ай бұрын

Keep going. Thanks for sharing.

@SassySkylar Ай бұрын

Using cash is good but I use a current account with no overdraft facility and I get 1% Cashback on everything I buy. It soon tots up. The round ups automatically transfer into the 5.1% savings account. The thing with physical cash is if you are mugged or drop your purse, the money is simply gone. I love your videos keep it up!

@TheHumblePenny Ай бұрын

Good point. Thanks for sharing

@waleso6508 16 күн бұрын

Sounds like the Chase Account. 😊

@SassySkylar 16 күн бұрын

⁠ / yes that’s the one! It soon tots up

@helennoble9587 Ай бұрын

U expected cabins fr9m £420. Per year to now £1294. PA , Of course I’m changing but the cheek of these companies, Don’t Be Loyal !

@alyxayto8800 Ай бұрын

Contentment is key, and contentment breeds more contentment. Thank you Jesus ❤. You have to get gazelle intense, you can wander into debt but you have to be intentional to get out of it. My budget is easier now but only because I challenged myself to play the game of use it up, wear it out, make it stretch or do without. I will add that when you do without with gratitude God's blessings show up!

@alyxayto8800 Ай бұрын

If you're going to pray don't worry, if you're going to worry don't pray