Hi Sadik, Thank you. Since you've asked a valid question respectfully, it deserves a response 😀. WHY SO LONG TO SAVE £1,000 In 1998 (aged 14), I immigrated to the UK as a First Generation immigrant. Without boring you with details of hardship, the focus then was survival. Saving as a concept didn't exist for me. We needed food on the table first. However, with a ton of grafting, I eventually started saving money. This is why that first £1,000 took years. Saying that, it then took less than 1year to save our first £10,000 and about 3 years save our first £100,000 because we'd started putting money to work. SHOULD YOU LISTEN TO ME? Well I'll let you be the judge based on the below. Today we are Financially Independent. This means our Net Worth gives us at least 25 years worth of expenses. This took considerable skill to achieve and we achieved it in 10 years aged 34. I'm now 36. We are also Mortgage Free having paid off ours in 7 years. When I don't create content on this channel, I wear many hats. 1) I'm a Chief Financial Officer for an investment business in London. We're currently raising and will be investing £100million. Look me up on Google, LinkedIn etc. 2) I'm a Chartered Accountant and I hold an MBA from The University of Cambridge. 3) I've worked in the Investment Business for the last 13 years. Should you listen to me about how to invest £1000? Well, as I said before it's up to you. I created this channel to teach. Investing £1,000 is not my current worry. But I create content on this because it is something many people who are still finding their way would like to learn about. I haven't created this channel to deal with people who have small minds and post silly and rude comments (you excluded). In my experience, those people get nowhere because their small minds keep them there. I wish you well, irrespective of whether you choose to listen to me or not. All the best 😀 More on me here from others who listen to what I have to say from the BBC, Channel 5, Metro, etc: thehumblepenny.com/media

@@TheHumblePenny That's impressive i agree and on that basis you have credibility. Furthermore I didn't say you were not worthy of being listened to. Everyone deserves an ear, it's whether or not people deserve the capacity to speak on a certain subject. Especially when it concerns people's finances. Well looks like you have earned your corner. I apologise for the misunderstanding and take back what I've said. but i will leave my post so other people who jump to the same conclusion can read what you've said.

@@sadikmeah4057 I appreciate your time. Thank you, Sadik. Have a great weekend!

Great response.

The Humble Penny I’m definitely listening, Thanks for the great videos.

You're most welcome 😊. Great to read about your audible experience. Do please share the channel with others you feel will benefit from it. We are now publishing 2 times a week on Tuesdays and Thursdays.

And he is a brother aswell.

@@popovlerusse1443 👊🏼😊

True tired off all 401K talk. Refreshing to hear this from a brit

👊🏼

The rich stay rich by investing and investing without stopping then the poor stay poor by spending like the Rich but yet not investing like the rich

Investing is a stepping stone to success, investing is what create wealth.

People are panicking... you should be stacking.. bc it will pay off..

I wanted to trade but got confused with the fluctuations of price

@@christianacharles2293 That won't bother you if you trade with a professional like Mr Jerfferson Clark

Hi Mark, thanks a lot for your comment and for stopping by. If there are any specific topics that you want us to create more content on, please let us know.

You’re welcome 😊

Better don't have kids mate to expensive and cruel because they weren't ask to be born and in a cruel world that there is when you are born you are condemmened to die anyone who is born is assured to die I don't know think about it, it will benefit you not only economically but morally

the day sorry jesus

Nice! 😀. Keep at it and you'll see results.

Invest in me black julz 😘😉😂

You're most welcome! 😀

🤣

😊🙏🏽

Amazing! :)

Ifeoma, amazing 👏🏾. You'll love our bestselling book. Get a physical copy here and get stuck in. You might also want the audio in addition to listen to on the go geni.us/financialjoy

I have to agree 👍🏽

Hey Neil, we appreciate your subscription. Thank you!

Correct

Crazy right!?

Top 5 books you've read?

Please see here: thehumblepenny.com/books-i-love

You have amazing ears! We've stopped hearing the alarm beep. Thanks for picking this up, Nigel. We'll sort it :)

@@TheHumblePenny Oops… Heard the beep and assumed it was my smoke alarm, so have just changed all of my batteries! Explains why I kept hearing a beep after replacing the batteries... I thought I had some duff replacement batteries until reading the comments!

🤣

Lol I thought it was my smoke alarm

Lol 🤔

Who did u invest in bro ?

Awesome!! Glad you found that helpful. We have much more planned 😀

Super! That sounds like a plan 😉

Thanks for pointing that out. I don't agree with you that there is no liquidity in index funds. It's too generic a point to make and my experience of investing in them says otherwise re liquidity. The nature of how index funds are invested also does not point to an eventual collapse unless you're saying that all the companies invested into via index funds will go bust? What do you currently invest in out of interest?

Thanks for commenting, Elaine. We appreciate it :)

Thank you, Ngozi! 😀

Much appreciated comment, Worrell! 😊

Start with making sure that you save and invest 20% of every £1 that you get. This discipline will take you far. I'd also suggest that you start learning some digital skills that you can use to make an income online.

@@TheHumblePenny What sort of digital skills would you be referring to? Online courses and such?

@The Humble penny ive just seem this now thanks alot for the advice

Noted. We've added it to our content list 😀

Much appreciated 👊🏾

😊🙏🏾

Sue, I like your suggestion. I've sent it to Mary and we'll both consider how to deliver it. More specifically, is there a particular question about Financial Independence that you'd like to know more about? This way we are creating to give you an answer 😉

Hey Rudebone, cheers!! Great to have your support :)

The Humble Penny no probs, I watched till the end. I’l try the Pension option

@@rudebone Pension is an easy win. Give me a shout if you have any questions. Do also feel free to tell me what types of videos you'd like to see me create 😀

hezekiah Tee sh mun

True!

👊🏾

Invest with Morgan Stanley, here is my trader webpage richardpaulahronian.com

Trading 212 - a good start to investing large selection of stocks and only trade stocks for now, use the sign up link to create a Trading 212 Invest account using this link www.trading212.com/invite/GIXTHRbl and we both get a free share! You also need good credit thou Vanquis Card UK Visa for credit building and just a good sign up bonus - £25 free sign up bonus - www.vanquis.co.uk/raf-app?code=9617AF96FE0686FE2B26

😆🤣🤣

You're most welcome here 😀

Hahaha 😂. Please tell me you're joking?? Watch this investing video too: kzfaq.info/get/bejne/q5qea8levrKZj30.html

Dee Dee me too! A little over that but in the bank. I need it to work and make returns!

Warren Buffett speaks a lot of wisdom but also has enough money to play a completely different game to you and me. He buys into companies typically below market value. As I'm exposed to investing in companies daily (in the other hat that I wear), I can certainly tell you that it's far from easy to make a good investment in an individual company. Only a very tiny percentage in the population understood how companies work let alone how to value them. So applying a quote from Warren Buffett (re individual company investment) to the masses is not the best thing to do. In my view, the only people who should be investing in individual companies are: 1) The Rich (like Warren) - Because they can afford to lose a lot of money; and/or 2) Those who understand company fundamentals and how to value them.

Hey Miss Z, awesome! Thanks for watching ;)

Good work!

Trading 212 - a good start to investing large selection of stocks and only trade stocks for now, use the sign up link to create a Trading 212 Invest account using this link www.trading212.com/invite/GIXTHRbl and we both get a free share! You also need good credit thou Vanquis Card UK Visa for credit building and just a good sign up bonus - £25 free sign up bonus - www.vanquis.co.uk/raf-app?code=9617AF96FE0686FE2B26

I held my Tesla and sold some last week at around $844. Cost base for? Please see other related videos on that.

Thanks

Yourself 😉 This video has all your answers: kzfaq.info/get/bejne/q5qea8levrKZj30.html

By seeking out someone you follow or like what they're doing or have achieved, and asking them if they offer coaching.

You're most welcome 😊

Appreciated! :)

Definitely pay off high interest credit card first

100%

Best to go via referrals from friends or people you know of

Hey Boey Bear, you're most welcome 👊🏾

Please watch this: kzfaq.info/get/bejne/q5qea8levrKZj30.html

Cheers, Kay 😀. Watch this on personal debt: kzfaq.info/get/bejne/f6-gf86B0avDmIk.html And this on savings: kzfaq.info/get/bejne/g6dzaKuj0r_Xmmg.html And this on investments: kzfaq.info/get/bejne/q5qea8levrKZj30.html Enjoy! 😀

Damn penny got you hooked up

Please watch our investing playlist here on KZfaq

We appreciate you!

Hi Obasanjo Thanks! Overpayments are pretty normal. You can pay up to 10% Per year for most mortgages. So if your mortgage is £250k, then you can overpay by £25k! A large amount for most people. The lender charges are the least of most people's worries. Finding the 10% is the key thing. At the end of a fixed deal, there is no penalty. So large overpayments can be done in between deals too. Or simply finding a provider without Early Repayment Charges. Nationwide is one of them.

@@TheHumblePenny thank you

Appreciated, Adest king 😀

There is a way to go about that

We use Hargreaves Lansdown and Vanguard personally.

@@TheHumblePenny I was wondering, can I use both at the same time? I thought we could only have one Investment ISA account active? I have just started Vanguard after the final push I needed from this channel but I'd love to get into Hargreaves too if possible? How would I do that like you do? Thank youu for replying!

Haha definitely did 😅

😆 yes

Hey Sims, Thanks for watching! 😀 Index Funds are suitable if you're investing for a long term horizon with a focus on global exposure. This helps to remove issues of home bias (and worries about Brexit)

Thank you! I became a dad at 30 😀

@@TheHumblePenny for a second there, I though you were 23.

It is 😉

Janet, you're most welcome 😊

Cian Spend some time on this channel. Watch the videos on the Investing Playlist. At 18, you have an enviable age 😉

Appreciated!