Sorry, mate, don't take this the wrong way, but if it took you years to save £1000 then you might not be the best person to give advice on investments. Lol!
@TheHumblePenny4 жыл бұрын
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
@sadikmeah40574 жыл бұрын
@@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.
@TheHumblePenny4 жыл бұрын
@@sadikmeah4057 I appreciate your time. Thank you, Sadik. Have a great weekend!
@wolfbbq60764 жыл бұрын
Great response.
@Tropictopic694 жыл бұрын
The Humble Penny I’m definitely listening, Thanks for the great videos.
@byMarieA4 жыл бұрын
So happy to find a British KZfaqr talking about this, most personal finance people I listen to are American so some of their tips can't be applied here. Keep up the amazing vids. Such great content that's truly appreciated. I've been listening to some great books on audible and for me personally, I feel like it's definitely the best thing I've done with my saved money so far.
@TheHumblePenny4 жыл бұрын
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.
@popovlerusse14434 жыл бұрын
And he is a brother aswell.
@TheHumblePenny4 жыл бұрын
@@popovlerusse1443 👊🏼😊
@kani93254 жыл бұрын
True tired off all 401K talk. Refreshing to hear this from a brit
@TheHumblePenny4 жыл бұрын
👊🏼
@carmensandiago9094 жыл бұрын
1. Invest it in yourself eg. Courses, languages, books etc 2. Invest in a coach 3. Invest in index funds or ETMFs 4. Dividend Stocks
@krististark16712 жыл бұрын
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
@vanessagarcias57222 жыл бұрын
Investing is a stepping stone to success, investing is what create wealth.
@elenaleo89232 жыл бұрын
People are panicking... you should be stacking.. bc it will pay off..
@christianacharles22932 жыл бұрын
I wanted to trade but got confused with the fluctuations of price
@justinwilliams81432 жыл бұрын
@@christianacharles2293 That won't bother you if you trade with a professional like Mr Jerfferson Clark
@MarkFlik4 жыл бұрын
Really great to find a UK based channel. Always feel like I can’t get specific advice from the US channels with their different tax systems etc. Keep up the good work, like most working class people I’m researching myself online and I’m sure you’ll become a great resource for those who haven’t learned from schooling etc, was particularly interested in the index funds information. Thanks
@TheHumblePenny4 жыл бұрын
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.
@ACreeber3 жыл бұрын
After 9+ years saving, your one of the FIRST to congratulate me Thank you 😂♥️
@TheHumblePenny3 жыл бұрын
You’re welcome 😊
@nene-b6p4 жыл бұрын
That beeping fire alarm that needs its batteries changed it’s a british classic.😆 Happy to have discovered your channel, great content. 👌🤗
@genjo18024 жыл бұрын
i just turned 16 and traded sneakers until i hit 1k i’m very happy my goal is to be rich before i’m 40, not gonna waste any money on PARTYING youth is important but a short time it’s better to have money once your older and have your kids to have a good life
@theday29184 жыл бұрын
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
@genjo18024 жыл бұрын
the day sorry jesus
@julzcolman71504 жыл бұрын
Ok am going to invest in my self am going to pay for my driving lesson. Am 31 and I don't drive just moved to uk 1 year now.
@TheHumblePenny4 жыл бұрын
Nice! 😀. Keep at it and you'll see results.
@jackpartridge78914 жыл бұрын
Invest in me black julz 😘😉😂
@skimanization4 жыл бұрын
Yes, my man, this is good advice because as Africans living in the UK we wouldn't know all the intricacies about investments, it's simply not what we always think about. It's like I borrow £3000 and I want to start a business or invest, I'll definitely need a piece of advice before I blow up the money. This is where you come in and what you are doing is great, thanks.
@istulover4 жыл бұрын
Thank you very much for your videos ! I am going to be a migrant to the UK, and I am completely lost regarding topics of taxes . I have learned a lot with your videos !
@TheHumblePenny4 жыл бұрын
You're most welcome! 😀
@jdgannonable3 жыл бұрын
number 2 - literally thought he was talking about a coach with wheels for about 20 seconds. I was thinking "yeah but the coach trip industry is in the toilet after covid, so this is well outdated".
@lygiabird69883 жыл бұрын
🤣
@bptv25374 жыл бұрын
Loving you channel so refreshing to hear British Financial experts, salute!
@TheHumblePenny4 жыл бұрын
😊🙏🏽
@MissDoktor2 жыл бұрын
I'm literally sorting out my finances with the help of your channel! Thank you 😊
@TheHumblePenny2 жыл бұрын
Amazing! :)
@ifeomaezenwa2964 ай бұрын
Hello Ken, just stumbbled on y channel today. And i must say you are amazing. I just recently rolocated to the UK and new bee to investment and sadly in my late 30's. I hope to still be able to be financially independent before age catches up with me. Thank you for this educating videos. You have a new subscriber in me. Cherrs!
@TheHumblePenny4 ай бұрын
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
@welshhibby2 жыл бұрын
Unfortunately I know people who would rather book a holiday or go shopping in the sales with a 1000 pounds. Everything you have mentioned takes a mature, long term thinking mindset.
@TheHumblePenny2 жыл бұрын
I have to agree 👍🏽
@TheCapitalistInvestor4 жыл бұрын
I am a relatively new account and watching your videos is definitely inspiring me.
@electricalsmith61164 жыл бұрын
I’m very struggling what to do with £928 and I’m only 14 it took me 3 weeks to save it up and I need guidance where to put that money
@neilcole34064 жыл бұрын
Love it , you do the work and then we benefit from your wisdom, win,win thanks! That’s why l have subscribed, keep up the good stuff!
@TheHumblePenny4 жыл бұрын
Hey Neil, we appreciate your subscription. Thank you!
@tj65444 жыл бұрын
5-8% return on £1000 is £50-80 yearly. Not bad if the return is reinvested to compound over a number of years.
@TheHumblePenny4 жыл бұрын
Correct
@Joeblader713 жыл бұрын
I’m watching this video in February 2021 - with Tesla as high as it is now! How amazing is hindsight! Really enjoyed this video! Thank you!!
@TheHumblePenny3 жыл бұрын
Crazy right!?
@shortsimple16194 жыл бұрын
Nice to see we all show different ways of investing for beginners. Great video!
@TheHumblePenny5 жыл бұрын
★★★ LINKS MENTIONED IN THE VIDEO ★★★ (8:25) RateSetter - thehumblepenny.com/RateSetter (8:27) The House Crowd - thehumblepenny.com/TheHouseCrowd (10:41) The Humble Penny blog - thehumblepenny.com (10:47) FREE Domain & paid Hosting - thehumblepenny.com/Bluehost (11:19) 85 Ways to Make Extra Money - thehumblepenny.com/85-ways-make-extra-money (11:23) 27 Legit Ideas on How to Make Money Online - thehumblepenny.com/how-to-make-money-online (14:00) Books I Love - thehumblepenny.com/books-i-love
@wtfMYRONL4 жыл бұрын
Top 5 books you've read?
@TheHumblePenny4 жыл бұрын
Please see here: thehumblepenny.com/books-i-love
@nigelgraham88905 жыл бұрын
Please replace the battery in your smoke alarm!
@TheHumblePenny5 жыл бұрын
You have amazing ears! We've stopped hearing the alarm beep. Thanks for picking this up, Nigel. We'll sort it :)
@outdoorsman11404 жыл бұрын
@@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!
@TheHumblePenny4 жыл бұрын
🤣
@booneyinc95154 жыл бұрын
Lol I thought it was my smoke alarm
@TheHumblePenny4 жыл бұрын
Lol 🤔
@maxammo81974 жыл бұрын
Off to invest in some ISA's. Got a couple grand saved and paid off all my debts so think it's time! Your videos are awesome though and I really appreciate you taking the sting off investing for me 😊
@stullag60114 жыл бұрын
Who did u invest in bro ?
@vVxJAYxVv5 жыл бұрын
Never comment on videos but this is great. Thanks for the info - really helpful.
@TheHumblePenny5 жыл бұрын
Awesome!! Glad you found that helpful. We have much more planned 😀
@annieh33004 жыл бұрын
Hello, great videos! I am a child and I am saving up money for a house when I am older 😄😆. I need about 10,000 pound before I grow up............. Do you have any advice please 😊😁 x
@susanlewis19535 жыл бұрын
You could provide a step by step guide about your journey and the lessons you learned from it. Cheers Sue
@TheHumblePenny5 жыл бұрын
Super! That sounds like a plan 😉
@dynamicskys14 жыл бұрын
According to Michael Burry the icon of the big short, he has predicted an index fund bubble and an eventual collapse. I would be very weary of index funds as there is no liquidity in them which means they are not safe
@TheHumblePenny4 жыл бұрын
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?
@elainesullman70873 жыл бұрын
Great info! Thanks for sharing and again, like many other comments, it’s good to hear from a UK view point.
@TheHumblePenny3 жыл бұрын
Thanks for commenting, Elaine. We appreciate it :)
@ngozic91044 жыл бұрын
New sub. I'm happy I found your channel. You have great contents. Keep them coming. Thank you
@TheHumblePenny4 жыл бұрын
Thank you, Ngozi! 😀
@_wrl_4 жыл бұрын
I'm new to the UK (2 years now) trying to find ways to save/make money. One advise that I've found to be consistently true is to spread the risk based on your age and general financial position. Stock trading is not all bad and I have made decent amounts before. But it could be incredibly risky for someone retired and not generating income through other means. It's about mixing and matching the right options based on risk. Thank you for the video.
@TheHumblePenny4 жыл бұрын
Much appreciated comment, Worrell! 😊
@speakyfnbr11223 жыл бұрын
I’m 16 and I’m begging to realise starting early is better and I’m wondering what I can do
@TheHumblePenny3 жыл бұрын
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.
@jx67743 жыл бұрын
@@TheHumblePenny What sort of digital skills would you be referring to? Online courses and such?
@speakyfnbr11223 жыл бұрын
@The Humble penny ive just seem this now thanks alot for the advice
@assithafofana16274 жыл бұрын
Hi thank you very much, very informative. Please can you make a video about student loan. Should I focus paying my student loan because of the interest?
@TheHumblePenny4 жыл бұрын
Noted. We've added it to our content list 😀
@iam14083 жыл бұрын
A realistic amount that a lot can relate to. Thank you for this.
@woiiiakoi96693 жыл бұрын
So much clarity when you speak. Thanks 👊🏾
@TheHumblePenny3 жыл бұрын
Much appreciated 👊🏾
2 жыл бұрын
Hi Ken, thank you man. Defenetly, I will put into preactice at least 4 of your 9 ideas. I will let you know the results. Good health and great succsess.
@TheHumblePenny2 жыл бұрын
😊🙏🏾
@susanlewis19535 жыл бұрын
Thanks for the reply. Financial independence in a British context would be a great topic. Thanks and you can inspire lots of people! Sue 🙂
@TheHumblePenny5 жыл бұрын
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 😉
@rudebone5 жыл бұрын
My ears are well opened. I need to learn o
@TheHumblePenny5 жыл бұрын
Hey Rudebone, cheers!! Great to have your support :)
@rudebone5 жыл бұрын
The Humble Penny no probs, I watched till the end. I’l try the Pension option
@TheHumblePenny5 жыл бұрын
@@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 😀
@TheLimitZGamer4 жыл бұрын
How do you know if you can trust the online courses ???
@TheLimitZGamer4 жыл бұрын
hezekiah Tee sh mun
@iosifpateroulis10813 жыл бұрын
I don't disagree that investing should take over savings, however a few of the ideas explored in the video (invest in yourself, in a coach and in education) should be your employer's responsibility. Many employers offer funding for such opportunities but many employees seem to be totally unaware!
@TheHumblePenny3 жыл бұрын
True!
@Chaz.hands.4 жыл бұрын
Do people still invest in index stocks during the recession? I want to invest, but don't want to lose all my money.
@gabbybeake41174 жыл бұрын
Finally UK based channel! Thank you so much its been so helpful! I am doing s great so far I invested my savings to Wombat! Great advice
@joshuaknight70792 жыл бұрын
Great vids as always mate thanks for your help
@TheHumblePenny2 жыл бұрын
👊🏾
@subhanahmed48793 жыл бұрын
Hey bro I’m starting stocks so I’m very new to all of this. Could u make a video on wat app to use and how to start properly? If u have a video already please tell me which one
@coachkarenjohnson65153 жыл бұрын
Invest with Morgan Stanley, here is my trader webpage richardpaulahronian.com
@kmdsolutions76533 жыл бұрын
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
@justusphilip3453 жыл бұрын
Just stumble on one of your video couple of days ago and hasn't looked back listening to others of your videos so well done mate. Quick question, how has your tesla shares done now that we are in 2021? Please advise. Thanks
@davideminicelli13543 жыл бұрын
Amazing content my friend, thank you! I must admit though, when you had your library behind you I was afraid you would do a 180 deg turn to show us your Lamborghini :-)
@TheHumblePenny3 жыл бұрын
😆🤣🤣
@proceedingg35024 жыл бұрын
Love your channel! Learning loads!
@TheHumblePenny4 жыл бұрын
You're most welcome here 😀
@dorothyd25594 жыл бұрын
Where the heck have been all my life. Nevermind £1000, I have stupidly saved £5k under my mattress at the moment. Thx for this video I need to get my act together and do something with it
@TheHumblePenny4 жыл бұрын
Hahaha 😂. Please tell me you're joking?? Watch this investing video too: kzfaq.info/get/bejne/q5qea8levrKZj30.html
@chinonye24 жыл бұрын
Dee Dee me too! A little over that but in the bank. I need it to work and make returns!
@ftse074 жыл бұрын
*Warren Buffett once said "diversify is a protection against stupidity"* and researching a few companies inside and out and investing in them is the way to go I.e Coca-Cola,amazon when they were young
@TheHumblePenny4 жыл бұрын
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.
@ms.z4615 жыл бұрын
Keep the videos coming Ken :)
@TheHumblePenny5 жыл бұрын
Hey Miss Z, awesome! Thanks for watching ;)
@cleancutgoutchic4 жыл бұрын
I have recently invested in a coach and the accountability it creates with the detailed step plan we drafted is well worth it.
@TheHumblePenny4 жыл бұрын
Good work!
@give_peas_a_chance4 жыл бұрын
Really good advice there and from the UK too. Thank you.
@robjames78154 жыл бұрын
Where could one find a coach? Or mentor?
@nashwainam73464 жыл бұрын
Hi, I was wondering what apps and websites are used in the UK for index funds or ETFs ?
@kmdsolutions76533 жыл бұрын
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
@angelfizz45272 жыл бұрын
At last: a Batman and Robin for the real people - thank you x
@Trupak7864 жыл бұрын
WOW you ate your words about Tesla! Just out of curiosity (and perhaps envy) what was your cost base? 🙈
@TheHumblePenny4 жыл бұрын
I held my Tesla and sold some last week at around $844. Cost base for? Please see other related videos on that.
@J2764 жыл бұрын
To make it clear, here's a list Yourself Coach Index funds Dividend stocks
@IYKESMILES_TV4 жыл бұрын
Thanks
@Getmelolly3 жыл бұрын
Love what you guys are doing!! So helpful and easy to understand. Plus it looks like Tesla has done well after all!
@naijaworldnews1804 жыл бұрын
Hello, Can I invest by myself in stocks into bonds or would you advice I use a financial adviser? What steps should I take to begin investing in stocks and bonds?
@TheHumblePenny4 жыл бұрын
Yourself 😉 This video has all your answers: kzfaq.info/get/bejne/q5qea8levrKZj30.html
@michaelfrempong12013 жыл бұрын
How do I find a coach
@TheHumblePenny3 жыл бұрын
By seeking out someone you follow or like what they're doing or have achieved, and asking them if they offer coaching.
@enscebose84662 жыл бұрын
Hey Ken, could you make a video for people moving from another country to uk? How to relocate our investments / provident funds here?? I'm from South East Asia ( india) and in my mid 20s and have some sip and some stocks in my home country economy. And hoping to permanently settle in the uk. And would want to avoid paying double brokerage charges See if it's possible for you
@24_____9 ай бұрын
Ur changing my life
@xjmcx58872 жыл бұрын
Love this content.. thank you!
@TheHumblePenny2 жыл бұрын
You're most welcome 😊
@JayNJoy4 жыл бұрын
Very well said. Thank you for your tips/advices.
@TheHumblePenny4 жыл бұрын
Appreciated! :)
@musheopeaus41253 жыл бұрын
I have a a surely paying off crest cards at 32% is more important than investing in stock market at 10 %
@TheHumblePenny3 жыл бұрын
Definitely pay off high interest credit card first
@user-ep4jo1ev3j4 жыл бұрын
As a 19 year old who is going to university this year would you recommend simply building my skills and learning more about investing?
@TheHumblePenny4 жыл бұрын
100%
@jimmcculloch3786 Жыл бұрын
Thank you for this. Not that long ago i had just 0.35 in my account, and i am starting to move on slowly from that! Any income i get am saving 10% immediately and work towards 15% and recording on a xls exactly how i spend my money. I have a ord ac and a sav ac with the same bank, and i want a savings ac with a sep 'bank' so i build my savings up and get to my £1000 and start to invest. Thank you The Humble Penny :)
@zacharyroberts86593 жыл бұрын
Speaking of books, which top 3 would you recommend when reading around this topic?
@nisarabdulah13164 жыл бұрын
I don't know nathink about all that but I got 1000 and if you make that 1000 to 2000 and 500 is yours 500 is my. What you say brother
@rachellerose9694 жыл бұрын
Where can you find a financial coach? I don’t know which websites to choose!!
@TheHumblePenny4 жыл бұрын
Best to go via referrals from friends or people you know of
@BoeyBear5 жыл бұрын
Really informative video, thanks Ken.
@TheHumblePenny5 жыл бұрын
Hey Boey Bear, you're most welcome 👊🏾
@sreegudepu54163 жыл бұрын
Thank you .. your videos are massive help
@hamzahafejee27323 жыл бұрын
Ok we know how to invest 1000 now but, isn’t anyone talking about how nice he is?
@talktimewithlaura33263 жыл бұрын
Thanks for this video! Is helpful 👍
@mikef84564 жыл бұрын
Where can I invest in coaches?
@bigvic33574 жыл бұрын
Thank you sir. Where should I go if I want to invest in an Index Fund or an individual stock is there an app or something I can use ?
Brilliant advice. Would love a video on how to reduce personal debt and increasing savings and investment.
@TheHumblePenny4 жыл бұрын
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! 😀
@azhalhalil94294 жыл бұрын
Damn penny got you hooked up
@MhKara4 жыл бұрын
Peer to Peer lending is my favorite type of investment!
@mcmadzima12003 жыл бұрын
I love your channel, thank you 🙏
@theday29183 жыл бұрын
but gold is the best investment for retirement plan because it combats inflation by freezing your money therefore remaining the value when all the prizes increase
@gold_yabaesther13242 жыл бұрын
I have watch and listened to this particular video twice but I still do not know how to get on it please Index funds Dividends stock
@TheHumblePenny Жыл бұрын
Please watch our investing playlist here on KZfaq
@kadlebz4 жыл бұрын
I’d put £1000 on Tesla. Musk will make me a millionaire over time. He’s a genius
@tinaonyesolutions52213 жыл бұрын
THANK YOU, GREAT INFORMATION.
@TheHumblePenny3 жыл бұрын
We appreciate you!
@obas11634 жыл бұрын
Hi Ken, I recently came across your content and I appreciate yours being relatable to the British clime; Could you speak to the point on over-paying on the mortgage? How does one manage the issue of the additional charges most may suffer from what a lender would consider a prepayment risk? Thank you.
@TheHumblePenny4 жыл бұрын
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.
@obas11634 жыл бұрын
@@TheHumblePenny thank you
@adestking17914 жыл бұрын
Come across your video, very good info. Thanks 🙏
@TheHumblePenny4 жыл бұрын
Appreciated, Adest king 😀
@thediamondace41734 жыл бұрын
Some great advice. However it will take forever to turn that $1000 into something worthwhile without some sort of leverage.
@ethanhart20814 жыл бұрын
There is a way to go about that
@elizabethjohn59383 жыл бұрын
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams
@user-on8db5yr9x6 ай бұрын
What a guy thank you
@jsika4 жыл бұрын
I loved the video, thank you! I just wanted to ask what apps or what exactly do you recommend to get started with Index Funds investments or even with investing into specific companies (although high-risk), particularly for the UK? There's so many and I'm not sure what would be best to get started...
@TheHumblePenny4 жыл бұрын
We use Hargreaves Lansdown and Vanguard personally.
@jsika4 жыл бұрын
@@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!
@AquariumAdventures3 жыл бұрын
I hope you invested in a new battery for that smoke detector! Thanks for the clear explanations!
@TheHumblePenny3 жыл бұрын
Haha definitely did 😅
@azhalhalil94294 жыл бұрын
A person earning 8k ( tax free dubai pilot) how much should i save and invest ? Also index or mutual fuds ?
@williamhigton86833 жыл бұрын
Hope you have managed to replace the batteries in your fire alarm 😬😅
@TheHumblePenny3 жыл бұрын
😆 yes
@viooola20114 жыл бұрын
Thanks for sharing. This is my first time watching your video, wondering what’s your thoughts about index funds with the current Brexit situation?
@TheHumblePenny4 жыл бұрын
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)
@J2764 жыл бұрын
You look a lot younger as a father. Good job
@TheHumblePenny4 жыл бұрын
Thank you! I became a dad at 30 😀
@J2764 жыл бұрын
@@TheHumblePenny for a second there, I though you were 23.
@Indowaindowa3 жыл бұрын
Look like an interesting read "Cultural Strategy"
@TheHumblePenny3 жыл бұрын
It is 😉
@janetayy1904 жыл бұрын
Knowledge is power💪💪. Thank you very much for this video
@TheHumblePenny4 жыл бұрын
Janet, you're most welcome 😊
@FHDOnTheStreet4 жыл бұрын
What is your opinion on type 2 student loans?
@mapeauxnoire Жыл бұрын
Good video. Can you recommend any books to read on investing
@cianbaxter93064 жыл бұрын
Hey, any advice for a young person (18) to make some extra money or where to invest? Parents want me to start saving for university and i feel lost!
@TheHumblePenny4 жыл бұрын
Cian Spend some time on this channel. Watch the videos on the Investing Playlist. At 18, you have an enviable age 😉