HOW TO INVEST £1000 | 9 BEST Ways To Invest Your Money | UK

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The Humble Penny

The Humble Penny

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A common question I get is how to invest £1000. In this video, I explain 9 of the best ways to invest £1000 or $1000 in 2023. Access ALL OUR COURSES (investing, online businesses, etc) + ongoing coaching etc in our MEMBERSHIP Programme 😊 - FinancialJoyAcademy.com
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ABOUT THIS VIDEO:
how to invest £1,000 UK, how to invest $1,000, how to invest $1000 in 2019, 9 most profitable ways to invest $1000, how to invest your first $1000, how to invest 1000 Dollars - Where do I start?, how can anyone invest and become rich, how to invest $1000 for beginners, how to invest your first $1000 as a millennial, how anyone can be rich, 9 ways to invest your first £1000, how to invest $1000 dollars successfully, how to invest $1,000 in the stock market in 2019, the best way to invest your money.
#investing #financialfreedom #financialindependence #FIRE #UK #retireearly #money #personalfinance #thehumblepenny #kenokoroafor

Пікірлер: 441
@sadikmeah4057
@sadikmeah4057 4 жыл бұрын
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!
@TheHumblePenny
@TheHumblePenny 4 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
@sadikmeah4057
@sadikmeah4057 4 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.
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
@@sadikmeah4057 I appreciate your time. Thank you, Sadik. Have a great weekend!
@wolfbbq6076
@wolfbbq6076 4 жыл бұрын
Great response.
@Tropictopic69
@Tropictopic69 4 жыл бұрын
The Humble Penny I’m definitely listening, Thanks for the great videos.
@byMarieA
@byMarieA 4 жыл бұрын
So happy to find a British KZbinr 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.
@TheHumblePenny
@TheHumblePenny 4 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.
@popovlerusse1443
@popovlerusse1443 4 жыл бұрын
And he is a brother aswell.
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
@@popovlerusse1443 👊🏼😊
@kani9325
@kani9325 4 жыл бұрын
True tired off all 401K talk. Refreshing to hear this from a brit
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
👊🏼
@tomcrane7423
@tomcrane7423 4 жыл бұрын
Its nice to hear financial advice from a British person for once ! keep it up please
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Much appreciated, Tom! Thanks for checking out the channel. Do please share with others 😀
@ryanmark2475
@ryanmark2475 3 жыл бұрын
Trading crypto currency is also a nice way to invest $1000 and change your life.
@watsap8159
@watsap8159 3 жыл бұрын
She's such an amazing woman with good skills keeps me happy all week knowing I earn extra income trading with her.
@carmensandiago909
@carmensandiago909 3 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
@krististark1671
@krististark1671 2 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
@vanessagarcias5722
@vanessagarcias5722 2 жыл бұрын
Investing is a stepping stone to success, investing is what create wealth.
@elenaleo8923
@elenaleo8923 2 жыл бұрын
People are panicking... you should be stacking.. bc it will pay off..
@christianacharles2293
@christianacharles2293 2 жыл бұрын
I wanted to trade but got confused with the fluctuations of price
@justinwilliams8143
@justinwilliams8143 2 жыл бұрын
@@christianacharles2293 That won't bother you if you trade with a professional like Mr Jerfferson Clark
@ACreeber
@ACreeber 3 жыл бұрын
After 9+ years saving, your one of the FIRST to congratulate me Thank you 😂♥️
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
You’re welcome 😊
@MarkFlik
@MarkFlik 4 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
@TheHumblePenny
@TheHumblePenny 4 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.
@TheCapitalistInvestor
@TheCapitalistInvestor 4 жыл бұрын
I am a relatively new account and watching your videos is definitely inspiring me.
@bptv2537
@bptv2537 4 жыл бұрын
Loving you channel so refreshing to hear British Financial experts, salute!
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
😊🙏🏽
@shortsimple1619
@shortsimple1619 4 жыл бұрын
Nice to see we all show different ways of investing for beginners. Great video!
@woiiiakoi9669
@woiiiakoi9669 3 жыл бұрын
So much clarity when you speak. Thanks 👊🏾
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
Much appreciated 👊🏾
@tamika2656
@tamika2656 4 жыл бұрын
That beeping fire alarm that needs its batteries changed it’s a british classic.😆 Happy to have discovered your channel, great content. 👌🤗
@MissDoktor
@MissDoktor 2 жыл бұрын
I'm literally sorting out my finances with the help of your channel! Thank you 😊
@TheHumblePenny
@TheHumblePenny 2 жыл бұрын
Amazing! :)
@proceedingg3502
@proceedingg3502 4 жыл бұрын
Love your channel! Learning loads!
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
You're most welcome here 😀
@iam1408
@iam1408 3 жыл бұрын
A realistic amount that a lot can relate to. Thank you for this.
@give_peas_a_chance
@give_peas_a_chance 4 жыл бұрын
Really good advice there and from the UK too. Thank you.
@neilcole3406
@neilcole3406 4 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!
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Hey Neil, we appreciate your subscription. Thank you!
@istulover
@istulover 4 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 !
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
You're most welcome! 😀
@welshhibby
@welshhibby 2 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.
@TheHumblePenny
@TheHumblePenny 2 жыл бұрын
I have to agree 👍🏽
@talktimewithlaura3326
@talktimewithlaura3326 3 жыл бұрын
Thanks for this video! Is helpful 👍
@gabbybeake4117
@gabbybeake4117 4 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
@joshuaknight7079
@joshuaknight7079 2 жыл бұрын
Great vids as always mate thanks for your help
@TheHumblePenny
@TheHumblePenny 2 жыл бұрын
👊🏾
@JayNJoy
@JayNJoy 4 жыл бұрын
Very well said. Thank you for your tips/advices.
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Appreciated! :)
@skimanization
@skimanization 3 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.
@genjo1802
@genjo1802 4 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
@theday2918
@theday2918 3 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
@genjo1802
@genjo1802 3 жыл бұрын
the day sorry jesus
@julzcolman7150
@julzcolman7150 4 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.
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Nice! 😀. Keep at it and you'll see results.
@jackpartridge7891
@jackpartridge7891 3 жыл бұрын
Invest in me black julz 😘😉😂
@BoeyBear
@BoeyBear 4 жыл бұрын
Really informative video, thanks Ken.
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Hey Boey Bear, you're most welcome 👊🏾
@xjmcx5887
@xjmcx5887 2 жыл бұрын
Love this content.. thank you!
@TheHumblePenny
@TheHumblePenny 2 жыл бұрын
You're most welcome 😊
@elainesullman7087
@elainesullman7087 2 жыл бұрын
Great info! Thanks for sharing and again, like many other comments, it’s good to hear from a UK view point.
@TheHumblePenny
@TheHumblePenny 2 жыл бұрын
Thanks for commenting, Elaine. We appreciate it :)
@vVxJAYxVv
@vVxJAYxVv 4 жыл бұрын
Never comment on videos but this is great. Thanks for the info - really helpful.
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Awesome!! Glad you found that helpful. We have much more planned 😀
@sreegudepu5416
@sreegudepu5416 2 жыл бұрын
Thank you .. your videos are massive help
@TheLimitZGamer
@TheLimitZGamer 4 жыл бұрын
Great video !
@mcmadzima1200
@mcmadzima1200 3 жыл бұрын
I love your channel, thank you 🙏
@ms.z461
@ms.z461 4 жыл бұрын
Keep the videos coming Ken :)
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Hey Miss Z, awesome! Thanks for watching ;)
@Joeblader71
@Joeblader71 3 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!!
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
Crazy right!?
@jdgannonable
@jdgannonable 3 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".
@lygiabird6988
@lygiabird6988 3 жыл бұрын
🤣
@thefinancialchroniclestv7400
@thefinancialchroniclestv7400 4 жыл бұрын
Great Video Ken!
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Most appreciated! We're learning how to be better with KZbin. Still feel so new to it all
@thefinancialchroniclestv7400
@thefinancialchroniclestv7400 4 жыл бұрын
@@TheHumblePenny I love the quality of the blog and the videos are definitely on the same level. You are motivating me to upload something too!
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
@@thefinancialchroniclestv7400 ah, gracias! You most definitely should.
@ngozic9104
@ngozic9104 4 жыл бұрын
New sub. I'm happy I found your channel. You have great contents. Keep them coming. Thank you
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Thank you, Ngozi! 😀
@tinaonyesolutions5221
@tinaonyesolutions5221 3 жыл бұрын
THANK YOU, GREAT INFORMATION.
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
We appreciate you!
@MrKarn0007
@MrKarn0007 4 жыл бұрын
Thanks, great vlog
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Thank you, Karnell!
@ifeomaezenwa296
@ifeomaezenwa296 2 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!
@TheHumblePenny
@TheHumblePenny 2 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
@susanlewis1953
@susanlewis1953 4 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 🙂
@TheHumblePenny
@TheHumblePenny 4 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 😉
@bowzar07
@bowzar07 3 жыл бұрын
Thank you! 🙏🏽
@Getmelolly
@Getmelolly 3 жыл бұрын
Love what you guys are doing!! So helpful and easy to understand. Plus it looks like Tesla has done well after all!
@adestking1791
@adestking1791 4 жыл бұрын
Come across your video, very good info. Thanks 🙏
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Appreciated, Adest king 😀
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.
@TheHumblePenny
@TheHumblePenny 2 жыл бұрын
😊🙏🏾
@susanlewis1953
@susanlewis1953 4 жыл бұрын
Fab video 🙂 thanks
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Cheers, Susan! 😊. Any specific topics you'd like me to create videos on? What would you like to learn more about in your personal life?
@nigelgraham8890
@nigelgraham8890 4 жыл бұрын
P.s.Great video and great advice. Thank you.
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Appreciated!
@tj6544
@tj6544 3 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.
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
Correct
@electricalsmith6116
@electricalsmith6116 3 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
@rudebone
@rudebone 4 жыл бұрын
My ears are well opened. I need to learn o
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Hey Rudebone, cheers!! Great to have your support :)
@rudebone
@rudebone 4 жыл бұрын
The Humble Penny no probs, I watched till the end. I’l try the Pension option
@TheHumblePenny
@TheHumblePenny 4 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 😀
@maxammo8197
@maxammo8197 4 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 😊
@stullag6011
@stullag6011 3 жыл бұрын
Who did u invest in bro ?
@24_____
@24_____ 7 ай бұрын
Ur changing my life
@user-on8db5yr9x
@user-on8db5yr9x 3 ай бұрын
What a guy thank you
@kaykhanom
@kaykhanom 4 жыл бұрын
Brilliant advice. Would love a video on how to reduce personal debt and increasing savings and investment.
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Cheers, Kay 😀. Watch this on personal debt: kzbin.info/www/bejne/f3rTfZ6GoaqSnrc And this on savings: kzbin.info/www/bejne/g3KmZnuoor6moJY And this on investments: kzbin.info/www/bejne/q2XRaZljjrFolas Enjoy! 😀
@azhalhalil9429
@azhalhalil9429 4 жыл бұрын
Damn penny got you hooked up
@davideminicelli1354
@davideminicelli1354 3 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 :-)
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
😆🤣🤣
@justusphilip345
@justusphilip345 3 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
@susanlewis1953
@susanlewis1953 4 жыл бұрын
You could provide a step by step guide about your journey and the lessons you learned from it. Cheers Sue
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Super! That sounds like a plan 😉
@mapeauxnoire
@mapeauxnoire 9 ай бұрын
Good video. Can you recommend any books to read on investing
@viooola2011
@viooola2011 4 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?
@TheHumblePenny
@TheHumblePenny 4 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)
@MhKara
@MhKara 3 жыл бұрын
Peer to Peer lending is my favorite type of investment!
@lakuli77
@lakuli77 3 жыл бұрын
Thank you 👋
@dynamicskys1
@dynamicskys1 4 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
@TheHumblePenny
@TheHumblePenny 4 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?
@obas1163
@obas1163 4 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.
@TheHumblePenny
@TheHumblePenny 4 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.
@obas1163
@obas1163 4 жыл бұрын
@@TheHumblePenny thank you
@_wrl_
@_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.
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Much appreciated comment, Worrell! 😊
@nigelgraham8890
@nigelgraham8890 4 жыл бұрын
Please replace the battery in your smoke alarm!
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
You have amazing ears! We've stopped hearing the alarm beep. Thanks for picking this up, Nigel. We'll sort it :)
@outdoorsman1140
@outdoorsman1140 4 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!
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
🤣
@booneyinc9515
@booneyinc9515 4 жыл бұрын
Lol I thought it was my smoke alarm
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Lol 🤔
@Meninfluencer
@Meninfluencer 4 жыл бұрын
Thank you very much for this amazing video! ♥️
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
You're most welcome 😊
@annieh3300
@annieh3300 4 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
@assithafofana1627
@assithafofana1627 4 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?
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Noted. We've added it to our content list 😀
@michaeloyeniran1287
@michaeloyeniran1287 3 жыл бұрын
Good value content. I would like to know more about index funds. Where do I go to actually get involved?
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
Pls watch my videos on Index Funds. I've made a few :)
@zacharyroberts8659
@zacharyroberts8659 3 жыл бұрын
Speaking of books, which top 3 would you recommend when reading around this topic?
@speakyfnbr1122
@speakyfnbr1122 3 жыл бұрын
I’m 16 and I’m begging to realise starting early is better and I’m wondering what I can do
@TheHumblePenny
@TheHumblePenny 3 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.
@jx6774
@jx6774 3 жыл бұрын
@@TheHumblePenny What sort of digital skills would you be referring to? Online courses and such?
@speakyfnbr1122
@speakyfnbr1122 3 жыл бұрын
@The Humble penny ive just seem this now thanks alot for the advice
@janetayy190
@janetayy190 4 жыл бұрын
Knowledge is power💪💪. Thank you very much for this video
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Janet, you're most welcome 😊
@Trupak786
@Trupak786 4 жыл бұрын
WOW you ate your words about Tesla! Just out of curiosity (and perhaps envy) what was your cost base? 🙈
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
I held my Tesla and sold some last week at around $844. Cost base for? Please see other related videos on that.
@subhanahmed4879
@subhanahmed4879 3 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
@coachkarenjohnson6515
@coachkarenjohnson6515 3 жыл бұрын
Invest with Morgan Stanley, here is my trader webpage richardpaulahronian.com
@kmdsolutions7653
@kmdsolutions7653 3 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
@naijaworldnews180
@naijaworldnews180 4 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?
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Yourself 😉 This video has all your answers: kzbin.info/www/bejne/q2XRaZljjrFolas
@jimmcculloch3786
@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 :)
@nisarabdulah1316
@nisarabdulah1316 4 жыл бұрын
Thanks
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
👍🏼👍🏼
@kapzvara5732
@kapzvara5732 2 жыл бұрын
Great video thanks for this. I have a silly question on Peer 2 Peer lending. If i lend a certain amount of money will it be just the money i leanded i will loose or is there risk the company can come after me for more money?
@SimplyMore25
@SimplyMore25 4 жыл бұрын
Hey Ken, great channel, i will spend on my personal development after watching this. I am interested in changing careers and am really interested in doing the aat level 2 book keeping course but do not know which distance learning provider to use, any recommendations?
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Thanks a lot! Great choice re Personal Development ! I'm getting a lot of bookkeeping queries and feel I should create a course on it 🤔. Re distance learning, I'd suggest looking on Open University, Coursera or EdX.
@cleancutgoutchic
@cleancutgoutchic 4 жыл бұрын
SimplyMore25 I encourage you to do the AAT I completed mine back in 2011 and it definitely helped me land my first career job as finance assistant at RBS. I did classroom based though but I think online these days is more accessible so go for it.
@ikennailozue708
@ikennailozue708 2 жыл бұрын
@The Humble Penny - interesting video. I wonder what your advice will be now following the Covid pandemic, economy recovery and opportunities that have arisen following the pandemic? I will be interested in your feedback as this your video was before the Covid pandemic
@angelfizz4527
@angelfizz4527 2 жыл бұрын
At last: a Batman and Robin for the real people - thank you x
@user-ns5yn8ux2u
@user-ns5yn8ux2u 3 жыл бұрын
Hello Humble Penny, What video/recording equipment did you first use when doing KZbin videos?
@ftse07
@ftse07 4 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
@TheHumblePenny
@TheHumblePenny 4 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.
@TheLimitZGamer
@TheLimitZGamer 4 жыл бұрын
How do you know if you can trust the online courses ???
@TheLimitZGamer
@TheLimitZGamer 3 жыл бұрын
hezekiah Tee sh mun
@rodleach4189
@rodleach4189 3 жыл бұрын
Watching this a year after you posted...that underperforming company, Tesla, turned out alright for you! Please tell me you didn’t sell? Great content.
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
Hi Rod Haha! I sold some and kept some :)
@hamzahafejee2732
@hamzahafejee2732 3 жыл бұрын
Ok we know how to invest 1000 now but, isn’t anyone talking about how nice he is?
@FHDOnTheStreet
@FHDOnTheStreet 4 жыл бұрын
What is your opinion on type 2 student loans?
@Adam-ts8zf
@Adam-ts8zf 4 жыл бұрын
I really want to get into reading. What sort of books do you recommend? My background is finance. (Great channel thank you!)
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Hey Adam I'd highly recommend creative books to start 😀. I love anything by the author Austin Kleon. Here is my book list: thehumblepenny.com/books-i-love
@Adam-ts8zf
@Adam-ts8zf 4 жыл бұрын
The Humble Penny really appreciate the interaction you have with your viewers !!
@jessicajetawo304
@jessicajetawo304 4 жыл бұрын
Hi thanks for your advice, how do we invest in blue companies what program/app would you suggest we use?
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Hi Jessica Please watch this video: kzbin.info/www/bejne/nIKllIhvZb-JgbM
@jsika
@jsika 4 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...
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
We use Hargreaves Lansdown and Vanguard personally.
@jsika
@jsika 3 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!
@JoseOliveira-xw4si
@JoseOliveira-xw4si Жыл бұрын
Hey mam sorry to bother you but see trading 212 how long does it take for them to accept you're payment I can't. Is it the same way with selling does it take ages to sell or is it with just buying?
@iosifpateroulis1081
@iosifpateroulis1081 3 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!
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
True!
@dorothyd2559
@dorothyd2559 4 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
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Hahaha 😂. Please tell me you're joking?? Watch this investing video too: kzbin.info/www/bejne/q2XRaZljjrFolas
@chinonye2
@chinonye2 4 жыл бұрын
Dee Dee me too! A little over that but in the bank. I need it to work and make returns!
@blackmuzunguu4525
@blackmuzunguu4525 3 жыл бұрын
Love your videos. Was wondering what is an equivalent to a US Roth IRA account in the UK. I currently do not have a retirement fund and I keep seeing this on KZbin.
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
Hey thanks for watching. The equivalent is the ISA in the UK
@bigvic3357
@bigvic3357 4 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 ?
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Please watch this: kzbin.info/www/bejne/q2XRaZljjrFolas
@nigeljohnwilson4549
@nigeljohnwilson4549 3 жыл бұрын
Really enjoyed your video. Maybe I'd include angel investing as well. It's so much fun if you're prepared to do the due diligence on prospective startups you're looking to invest in. Nowadays it's much easier for non-accredited investors to invest in US startups through equity crowdfunding platforms such as Seedinvest or Republic.
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
Nigel Very interesting point. This is something I'll explore more of actually. Especially as I've spent a lot of my years in Venture capital. Something for the very near future.
@Chaz.hands.
@Chaz.hands. 3 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.
@Indowaindowa
@Indowaindowa 3 жыл бұрын
Look like an interesting read "Cultural Strategy"
@TheHumblePenny
@TheHumblePenny 3 жыл бұрын
It is 😉
@enscebose8466
@enscebose8466 2 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
@rachellerose969
@rachellerose969 4 жыл бұрын
Where can you find a financial coach? I don’t know which websites to choose!!
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Best to go via referrals from friends or people you know of
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