10 Financial Decisions You'll Regret 10 Years From Now

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The Humble Penny

The Humble Penny

Күн бұрын

Пікірлер: 80
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Which of those 10 financial decisions most resonated with you? Comment below :)
@MrKJSajan
@MrKJSajan Жыл бұрын
Loyalty is not "staying at a company for ever" but giving your 100% when at a company.
@SBAccountancyAndBookkeeping
@SBAccountancyAndBookkeeping Жыл бұрын
@TheHumblePenny
@TheHumblePenny Жыл бұрын
💯
@HelenBrennan-u9i
@HelenBrennan-u9i 9 ай бұрын
Thank you for all your guidance. I love you for your down to earth and honest advice. I can totally relate to everything you have said. Especially about spoiling children as this is what got me into debt. I’ve cleared all my debt now but it took me 10 years. 😊
@stilnessspeaks8104
@stilnessspeaks8104 Жыл бұрын
Love your videos guys! I recently made a move by downgrading my car and purchasing an older one at a much affordable price. The expenses associated with owning a Mercedes whenever something went wrong is silly, the repair costs were far from ideal.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Totally silly costs! Congrats on the downgrade 😆
@natnat8393
@natnat8393 Жыл бұрын
Great video guys The child investment one and the insurance section were my favourite Keep up the good work 👍🏾👍🏾
@ChinenyenwaViolet
@ChinenyenwaViolet Жыл бұрын
Great content❤ thanks for sharing this
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Thanks!
@kwameakom2625
@kwameakom2625 Жыл бұрын
You both are blessed to have for each other, very respectful to one another it shows in the video. In relation to moving on in a job, its important as stagnation doesnt help you to move forward ❤
@TheHumblePenny
@TheHumblePenny Жыл бұрын
❤️❤️
@SBAccountancyAndBookkeeping
@SBAccountancyAndBookkeeping Жыл бұрын
❤❤
@eventconsultants7010
@eventconsultants7010 Жыл бұрын
Any chance of an episode of purchasing 'off-plan' in up-and-coming areas outside of London. I remeber when my Uncle sold his property in West Ealing approximately 15 years ago, 3B 1B, and moved to Hayes and purchased a semi-detached with 3B 2B for less than 150,000 sterling and now that has tripled in price. His Adult Chlldren and now living in areas past Hayes and need more money to get on the property ladder...
@olliepowell6011
@olliepowell6011 Жыл бұрын
Absolutely cracking video. Really makes you look at your decisions both good and bad. I brought my house in Wales before the Severn Bridge stopped charging, it was far less appealing then, this decision has now massively benefitted me after it became free. Though I don't like where I live. Financially it was a really good move. Compare that to buying in Bristol and it would have been far more of a struggle. Buying smart.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Thank you 🙏🏾. Buying Smart ✅️✅️
@annamuja1831
@annamuja1831 Жыл бұрын
Great video. Thank you Mary and Ken. Regarding University I was working full time and I was studying part time in the evening with Birkbeck University. They even split my payment for 11 instalments per year with no intrest. It was worth it. Thank you for a great work you are doing for us.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
😊🙏🏾🙏🏾
@e.d.zenterdazoneofpain-totalga
@e.d.zenterdazoneofpain-totalga Жыл бұрын
Number 3 is my favourite one. As Ken and Mary said, don't delay investing, get into it ASAP. I also like number 7, I took out a children's S&S ISA for my nieces, their portfolio is doing really well.
@anthonychevonne
@anthonychevonne Жыл бұрын
Is this the junior ISA?
@e.d.zenterdazoneofpain-totalga
@e.d.zenterdazoneofpain-totalga Жыл бұрын
@@anthonychevonne There's two types, Junior cash ISA and the Junior Stocks And Shares ISA. I set up my nieces ISA with Hargreaves Landown. They've got three investments in their portfolio, one company, one ETF and one mutual fund.
@wrightyafc
@wrightyafc Жыл бұрын
Great sensible advice as normal
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Thanks
@AkinoluSanda
@AkinoluSanda Жыл бұрын
Investing in shares and the concept of compounding is very interesting.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Compounding as a principle operates across so many areas of our lives.
@adrianhill6858
@adrianhill6858 Жыл бұрын
@@TheHumblePennyI believe that the key to life is compounding!
@supra1000
@supra1000 Жыл бұрын
I love your channel you are both lovely. I think you should talk more about buy to lets, not everyone is just a homeowner struggling.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Thank you! Will do!
@Valera_Scotland
@Valera_Scotland 6 ай бұрын
The job advice works, but not in every scenario. I have a public sector job, which pays towards a good pension, and there is little reason to leave this job / this area of work.
@bettyslowwastelife9731
@bettyslowwastelife9731 Жыл бұрын
It is interesting how counter cultural this is. Especially moving jobs. My husband has moved jobs a lot and retrained into coding when his job was going during covid. I am so grateful that he hasnt done the norm. I struggle with this I actually want a permanent job as I love teaching!! But maybe I need to think more flexible about my skills...
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Thinking the norm holds people back in my experience. Doing counter cultural things require some bravery but it usually pays off.
@oxymoron582
@oxymoron582 Жыл бұрын
Superb video Ken & Mary. 🙏 Key takeaways for me (1) Stock investment (2) Commence investment for children. 🤘
@TheHumblePenny
@TheHumblePenny Жыл бұрын
👍🏾👍🏾
@imanijx
@imanijx Жыл бұрын
Another brilliant video. Thank you Ken and Mary. Loved the point about investing for your children. :-)
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Thanks so much 😊
@SBAccountancyAndBookkeeping
@SBAccountancyAndBookkeeping Жыл бұрын
🤩🤩
@whereyouatdamo_
@whereyouatdamo_ Жыл бұрын
Guys I want to set up on the S&P 500 but don't know who to set it up via.... any suggestions?
@paulevans4056
@paulevans4056 Жыл бұрын
Love your videos. Brilliantly put together. As I'm 49, is it too late for me to start investing, as I feel like I've missed the boat?
@ellea2541
@ellea2541 Жыл бұрын
No way! You could live another 40-50 years! Investing into a pension (workplace/SIPP) may be a good move as you will be able to access it relatively soon.
@piman6211
@piman6211 Жыл бұрын
Also, what is your goal in investing and by when do you want to reach your target.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
NEVER! Please start. Get on the boat 😀
@tamsinwood2
@tamsinwood2 Жыл бұрын
Great info, as usual. Thanks. I totally agree about layoff. It can be away of getting a nice lump sum. In my last role, I asked for redundancy and invested that fat check. I walked into another job easily.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Very nice!
@Unikadanceevents
@Unikadanceevents Жыл бұрын
I would love to know more about your events. I know you had one recently but the timing wasn’t right for me. When is the next one
@TheHumblePenny
@TheHumblePenny Жыл бұрын
The next one is 2nd December 2023 in London. Meetups are for Dream Makers Financial Joy Academy. Learn more and join here: FinancialJoyAcademy.com More details will follow 😊
@swsnaps
@swsnaps Жыл бұрын
Great content, thank you.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Glad you enjoyed it!
@krazeeekuzin8840
@krazeeekuzin8840 Жыл бұрын
No employer loyalty, only stress, redundancies not always available, managed out more likely
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Sadly true for most employers.
@KraneD
@KraneD Жыл бұрын
Chasing money at the expense of relationships...this one is hard because a lot of relationships suffer from differences in how couples approach money. I know its not same as chasing money, but sometimes one person wants to splurge on experiences, travel abroad, take a a mortgage on a much bigger house and live their best life...while the other wants to save or invest more and hence there a tendency to work harder and longer to get more money because they dont want to say no to everything their spouse wants. Obviously this is where setting goals and making a budget as a couple helps...as it can show both parties where their money is going and help to make better financial decisions. Great content as usual guys.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
This is real! We should make a video on this topic. What would you title a video like that?
@KraneD
@KraneD Жыл бұрын
Why having more money doesn't always make you happy 😁... like you literally wake up 10 years later with three or ten times your take home pay but not recognizing your spouse anymore, if you still have one...cos you put chasing the bag to afford bigger shinier things over aligning your goals and money to build the life you want.
@YvonneM125
@YvonneM125 Жыл бұрын
Topic for video: Saving & Investing or managing finances as a couple. To include household bills, stocks & shares pensions & property. Seperate or joint accounts, etc.
@SBAccountancyAndBookkeeping
@SBAccountancyAndBookkeeping Жыл бұрын
Absolutely invaluable advice in this article! 🌟
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Glad you think so!
@leanneminton3969
@leanneminton3969 Жыл бұрын
Great video, Ken and Mary. I love your videos, so helpful. I really want to invest my child's money for him that's currently sat in a low interest savings account. I'm just very nervous as done want to lose it. A video on savings/investing for children would be amazing x
@SBAccountancyAndBookkeeping
@SBAccountancyAndBookkeeping Жыл бұрын
@TheHumblePenny
@TheHumblePenny Жыл бұрын
We've made one 😊. Watch this kzbin.info/www/bejne/n6TUkGWqrJujmrM
@Heidi123
@Heidi123 Жыл бұрын
My kids were becoming entitled. I'm pedalling back on that. On the job front, often new starts are paid more than existing employees so to get your salary increases it pays to change jobs.
@AbigailChristineIsrael
@AbigailChristineIsrael Жыл бұрын
Which company do you use for health and life insurance? Thank you both
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Vitality
@ivylivin
@ivylivin Жыл бұрын
Tried to get life insurance but was declined because I don’t have an ilr yet.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Ah! Interesting they require ILR
@MelanieAnne21
@MelanieAnne21 Жыл бұрын
Hmm, maybe try with a different broker? A few years ago I managed to get life insurance and critical care cover before I got ILR
@Antonio-hb8rd
@Antonio-hb8rd Жыл бұрын
I don't know why people care about being loyal to their employer, work is completely transactional.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
😄🤣
@g8ful4ever93
@g8ful4ever93 Жыл бұрын
Staying in one job too long is so true. I actually learnt the more you change jobs, the more you earn😅
@TheHumblePenny
@TheHumblePenny Жыл бұрын
True 👍🏾
@AkinoluSanda
@AkinoluSanda Жыл бұрын
Just up to 9k a year 👀 Never believed I would be saying That's so small 🤣😂👀
@TheHumblePenny
@TheHumblePenny Жыл бұрын
😂
@helennoble9587
@helennoble9587 Жыл бұрын
10k for a flashy car? Can’t be flashy you will need to x that by 4 at least I pile advise to now hold on to car until end of Nov then trade in for same value with newer plate less mileage and in mean time up your bargaining skills ! Car sales are more desperate to accept in June and dec so research now for what you want , fire in Nov Spoiling kids is just bad lazy parenting , anything for an easy life
@raihanahjusup6066
@raihanahjusup6066 Жыл бұрын
*10 Financial Decisions You’ll Regret 10 Years from Now* 1. Over borrowing to buy a house 2. Ignoring student loan debts 3. Delaying investing in stock market 4. Overspending on experiences 5. Maintaining the expensive car 6. Spoiling your children 7. Not investing for your children 8. Staying in a job for too long 9. Chasing money at the expense of relationship and family 10. Not having life and health insurance
@eeaotly
@eeaotly 10 ай бұрын
I am guilty only if no. 10. Probably 8 and 9 would be a problem at some point, but until now, I don't think it has been. I have a new job and I already now that I will get something better the moment the opportunity appears. And I come from a background where people don't get offended if you focus on your career, because that means that you will be able to help your family, fix your home and in the end, help everybody one way or the other.
@FULLMOON322
@FULLMOON322 Жыл бұрын
Here I was telling the Mrs I’m staying in this job longer because they’re nice people. But I’m going back to switching every year.
@TheHumblePenny
@TheHumblePenny Жыл бұрын
Haha 😄
@cajunthibs
@cajunthibs Жыл бұрын
Possibly In the same category as #10, not having a large enough emergency fund
@TheHumblePenny
@TheHumblePenny Жыл бұрын
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