10 Things POOR People Do That The RICH Don't

[@aimeeaj3873]

Fear of failure is what prevented me from starting my own business. I wasted 5 years of my life paralyzed by fear. I am happy to report that as of 19th May 2023 my business was approved and registered with Companies House. I still have a long way to go but your videos have been instrumental in changing my attitude and shifting my mindset. Rather than thinking of financial education as boring and a waste of time I now see it as a challenge, as something that can provide me with the opportunities to live the life I dream and to care for my family.

[@TheHumblePenny]

We're celebrating you!!! 😊👏🏾👏🏾🍾

[@aimeeaj3873]

@@TheHumblePenny Thank you so much. I really appreciate what you do and the content you make. It's so important.

[@TheHumblePenny]

@@aimeeaj3873 🙏🏾🙏🏾

[@wrightyafc]

All the best moving forward

[@giofyopersonalfinance2043]

Fear of failure is a massive one. Leads to lots of lost opportunities! Thanks for this point, and great video!

[@TheHumblePenny]

Absolutely!

[@cliveallen7778]

Excellent topic, although I have done things a bit different, instead of paying off my mortgage early I pulled money out of my residential home and invested in buy to let properties, 10 years on my rental portfolio is worth £1.7 million with £700k of equity, yes I still have a mortgage but on a house we would not have been able to afford had I not done it this way, this is truly my form of delayed gratification and leveraging on my money to make money.

[@TheHumblePenny]

Good work 👍🏾👍🏾

[@cliveallen7778]

@@TheHumblePenny Thank You

[@yjafor5160]

Well done ! We did similar, instead of buying a home, we are renting and invested around £135k to buy a house with mortgage for letting. Then released equity to buy 2nd BTL, then again released equity from those 2 BTLs to buy 3rd one. This all happened in 4 years 4 months. Can’t believe our luck! Now we have equity around £500K in 3 BTLs, portfolio is worth around £1.35 million, mortgage £850k interest only. Instead of paying off mortgage, we reinvested the profit from BTLs to Stock and share ISAs, £40k invested every year as a couple -no income tax, no capital gain tax, no dividend tax. Now we have around £500k in stocks and shares with tax free capital growth and dividends. Again can’t believe our luck! Live in London, no car, minimum expenses, saving and investing every penny, shopping in ALDI, LIDL, Matalan, Primark and other pocket friendly shops and websites. Future plan, to reinvest our profit to BTLs when the condition is favourable. And again from BTLs profit to stock and shares. Hopefully the investment will go on and on.

[@AdorbxSummer]

About goal setting, i remember in 2022, my husband and I had a goal that we wanted to buy a home. We moved into oir home in Dec.

[@allanwighton6236]

I particularly like this video. Very thought provoking, inducing self-reflection and setting some good datums. Thank you. All the best, Al 👍

[@TheHumblePenny]

Thanks, Al!

[@cliveallen7778]

'' Dream big - but remember dreams without goals are just dreams, and they ultimately fuel disappointment." Dreams are something you think about and aspire to one day. Goals are something you are acting on '' Amen . . . .

[@TheHumblePenny]

Amen indeed

[@ogegbuna-okafor7669]

A change in mindset is key indeed! Thanks guys!

[@TheHumblePenny]

Our pleasure!

[@Original-q11]

Having a Budget !!

[@Andy-wp6lj]

Good old Jim Rohn! RIP 🙏🏾 Love his teachings

[@TheHumblePenny]

Yup 😊

[@queenbeemal2458]

Hi Ken and Mary, this is really a thought provoking video . I felt my heart beat hard when you said you stepped away from your 9-5 to become more bold to pursue your dream and now get the respect of those who thought you couldn’t. It’s really thought provoking for me and I have so many thoughts in my head about things I can do yet I feel so fearful of failing . I have a great career but aspire for more and also start my own. Even built my website. Typing this for me is also a struggle but again I’ve got to be Brave !

[@TheHumblePenny]

You've got this ❤. The reason I made that point is to encourage people like you. We call such people Dream Makers. It's within you to do it and being brave is what sets you apart. Get yourself into spaces where other people are making things happen and it will help you make sure you don't get talked out of your desire to change your life.

[@coockiekat]

What do you think is the best or should be the first book about financial education we should read as beginners? Thanks

[@Nightzo]

Rich Dad Poor Dad is one that I'd recommend

[@coockiekat]

@@Nightzo thanks. I've seen his videos on YT, he keeps talking the same thinh in each one. I think I get the idea...

[@knowledgeis5855]

I LOVE the unity and vision you share between you both. It annoys me my wife does not follow the same mindset. How can one get another on board?

[@TheHumblePenny]

Thank you 😊🙏🏾🙏🏾. Unity takes work. Please watch this video kzbin.info/www/bejne/jIWpdIqijsd-eLc

[@olliepowell6011]

Another great video. I have had the goal of being financially independent since I started following you in 2017/2018. I even know what this looks like in my mind, but I had never written this down. After watching your video, I have just sat down and spent an hour putting that on paper with a 10-year plan. Your point of writing it down while on your holiday really struck true. Hopefully by doing this it will help me manifest the reality. The other aspect that I didn't quite appreciate was that I am really close to being 50% of where I want to be financially which was a little bit of a wow moment for me. Thanks for the inspiration 🙏 🙌

[@TheHumblePenny]

Ollie, WOW! Amazing that you've been following us from the beginning 🙌🏾. Even more amazing that you're nearly at 50%!! 🙌🏾🙌🏾. Keep going 💪🏾

[@bobbyjimenez4482]

Tnx for this vid.... Higly appreciated 😊

[@TheHumblePenny]

My pleasure 😊

[@annamuja1831]

I'm taking away 10 year plan. Great idea. Thank you for great video. Greetings.

[@TheHumblePenny]

You're most welcome 🙏🏾

[@andrewamidala]

One of the most life changing lessons i learnt was "if you see something you like wait until tomorrow to buy it" 99.9% of the time you have forgotten all about it by tomorrow

[@TheHumblePenny]

Love this!!

[@richardmunday2608]

Have you got a top ten book on finance?

[@TheHumblePenny]

thehumblepenny.com/books-i-love/

[@jake55962]

Great video! I'm practicing delayed gratification atm

[@byroncudworth6918]

Recently me and my wife have plans for our money, saving for a house, and saving for a holiday. I want to save for investing but she always has plans for our money.

[@TheHumblePenny]

Watch this video on how to get on the same page about your goals 😊 kzbin.info/www/bejne/jIWpdIqijsd-eLc

[@byroncudworth6918]

@@TheHumblePenny Thank you, I am watching it now 👍

[@joeoluwa6532]

All points noted😊😊

[@Zayridh]

Hi could you please share your journey for the grammar school as I’m in the same situation, did you have a follow up video

[@TheHumblePenny]

Update: We are preparing for the 11-plus exams in September 2023. We'll make a video about this once our son has got through the exam.

[@lj3109]

Hey Ken and Mary- lovely video. But my best video of all time is the mortgage one. we are currently into 2.5 years of our mortgage now still enjoying it but doing other stuff along the lines. Another great thing is that when we got our new home in 2020 the house prices have jumped high, we also put down a 15% deposit at the beginning but every year am analysing whether its possible to pay it off.

[@fastandpray3158]

Hi Ken and Mary, how long did it take to payoff your house and how did you do that? And why did you choose to pay it off compared to using equity to buy another house(s)?

[@TheHumblePenny]

It took 7 years. Watch this video for how: kzbin.info/www/bejne/ZpDEiJWZmNqNn9k . We chose to pay it off because we wanted the mental freedom and it got us to financial independence quicker. Watch this video for how it changed our lives: kzbin.info/www/bejne/fpnGenyimJlsrsk

[@RowenaTansley-rl6ld]

My finance goal is to save up for a deposit on a place.

[@stilnessspeaks8104]

I'm an early sub, I love your channel :)

[@TheHumblePenny]

We appreciate you 😊

[@stevenratcliffe23]

Thank you, I found this video very interesting and useful. I have always been a driven, motivated goal setter and it’s allowed me to gain a great career in nursing and talking therapy in the NHS. It hasnt helped achieve goals around my finances tho! This year I chose to take the leap to my own private practice to work towards my financial goals for my family. That fear of failure held me back doing this and I always felt I would be selfish for leaving the NHS and ‘selling out for more money’ but I have worked on changing that mindset and I’m so glad I finally pulled the trigger. Things are going well so far and I finally after years have hope and achievable goals for my financial future! Your videos have been so helpful in gaining that financial literacy that I needed. Thank you guys x

[@ildikojakab6866]

Thank you again. Great eye-opening video. Yes, you are right the fears still hold me back. Hmm, I really do not want to lose any bits, whatever I achieved. Definitely have to be braver, as you mentioned, just to prove myself. That is how I could move forward and grow.

[@TheHumblePenny]

💯. The main thing is that you recognise it and you're open to doing something a out it. That desire can be a positive thing that will move you forward.

[@Blessedandfavoured24]

Excellent video! Very good points and wisdoms. Amen to write the vision and make it plain…for though it delays it shall surely come to pass 🙏🏾💪🏾🙌🏾💕

[@TheHumblePenny]

Thank you 😊. Please share with others

[@Blessedandfavoured24]

@@TheHumblePenny already have 😊

[@abdulrahman31350]

Great video. Hit the nail on head.

[@TheHumblePenny]

Thank you! 🙏🏾

[@cbrockett6736]

This one really hits home. I would go as far to say that my fear of failure is preventing me from having joy in my life. My goal is to make a comfortable living from something I enjoy. I know that I will never get there unless I take some risks and put myself out there. Luckily I do have some good people around me who would support me no matter what I do so there really is no excuses!😊

[@TheHumblePenny]

I feel you with this comment. You're very fortunate to have people who support you around you. My additional tip is to find take small steps to discover the thing you want to do. Who else is doing it? Can you volunteer with them to get some exposure to it? Once you're clear on this, start it will very little commitment. This way, there really is no failing. Then build gradually. The final thing to say is that you need to shift your mindset on what failure really means. Ask yourself - Where does that fear of failure come from?

[@cbrockett6736]

@@TheHumblePenny Thanks so much for your reply. After reading what you said I decided to take a leap and do what I have been holding myself back from. It’s a baby step but it’s one I have been avoiding for 2/3 years due to a fear of failure. Once you can override the fear it’s an amazing feeling!

[@ninafuentes1]

Binge watching this channel,🤩

[@TheHumblePenny]

Love this 😊

[@ninafuentes1]

I am taking notes and have started investing, though, I swear😂

[@TheHumblePenny]

Which of the 10 things most resonated with you? Comment below :)

[@natashacampbell1768]

Do you guys still do the money dilemma videos? ❤

[@TheHumblePenny]

We do if people submit dilemmas. Email it to [e-mail]

[@ajokenoni3239]

So glad i find your channel🎉

[@TheHumblePenny]

Brilliant

[@kevinleesmith]

❤❤❤ love u guys ❤❤❤

[@TheHumblePenny]

🙏🏾🙏🏾

[@joeoluwa6532]

My financial goal is to built my house abroad within 4 years from now

[@Onthem1234]

Yup, fear of failure is real 😩

[@TheHumblePenny]

We hear this!

[@issaextras6549]

Financial Goal - clear credit cards; save 3/6 months Emergency Fund; create an additional £1000.00 per month income; invest in something that will give me an extra additional income so that I can maintain a certain lifestyle.

[@TheHumblePenny]

This is very achievable 😊

[@Brown6031]

I HAVE ONESIDE HUSTLE IDEAD FOR THE FUTURE. CURENTLY I HAVENT GOT THE TIME. BUT I I HAVE TRIED THE IDEA OUT FOR FREE AND IT WORK.

[@LomaxMedia_]

I can’t get out my head how many times you say “Mmmm” haha can’t undo it in my head haha

[@TheHumblePenny]

🤣🤣

[@Brown6031]

I am a sub from the moment I got to know about you via Premier Gospel

[@1Bob.Sacamano]

I’d subscribe twice if I could Thanks for the content

[@TheHumblePenny]

Bob 👊🏾👊🏾

[@patmartin9727]

Totally agree people are too ready to blame others instead of looking at them selves. I know some who moans they are struggling with money and want a big pay rise but they are no willing to cut back on anything just keeping spending on what they want. This person has a good job and could work extra hours on a regular basis earning much more than I have ever earned but lives paycheck to paycheck. Always talking about their wants.

[@TheHumblePenny]

Wow! 🙄

[@Brown6031]

Spiritual warfear iss real

[@TheHumblePenny]

It sure is.

[@burropoco]

In the West at least. Poor - Consistent bad habits. Rich - Consistent good habits.

[@TheHumblePenny]

💯

[@Original-q11]

Not necessarily....

[@Brown6031]

I AM HERE TO BE EDUCATED CURENTLY NOT WATCHING ENTERTAINMENT VIDEOS AS I HAVENT GOT THE TIME

[@TheHumblePenny]

💯

[@Brown6031]

dont eat all the fruits - on point

[@Brown6031]

Cant have a goal without a golepost

[@Brown6031]

i thought i was behind time by not paying TV leicences, now i am not watching as many YT videos and feels like i am always trying to elevate my self as an adult who gain her basic and specified qualifications as an adult, single mother, long fight with immigration. Yes i have been investing in myself and still looking to continue as my emplooyer wont invest in me for my personal development so that i am multi life long kills

[@eminem2]

First!

[@TheHumblePenny]

👊🏾

[@hford8496]

I really like your videos but would you please consider letting her talk without constantly echoing the end of her words or going 'aahhaa' over her. I feel you are trying to be supportive but actually what you are doing is eating into her talking time. It's much more supportive to be respectfully silent, just nodding in agreement, while she is talking rather than jump on the end of every other sentence with sound effects and essentially finishing the sentence for her. Please give her the same degree of respectful space that she gives you to make your point. You seem like a great team and I'm sure this is done out of habit rather than anything else, but it is an issue in all your videos.

[@TheHumblePenny]

Great feedback. We appreciate it. Thank you.

[@damitiamiyu8969]

thank you for this

[@TheHumblePenny]

❤️❤️