How to Retire in 7 Years (Starting with $0)

[@Huwsview]

I retired in 4 years starting from scratch. Can you hit that LIKE button in 4 seconds.... bet you can't! ⏰

[@GabrielMokumson]

You guys in the UK and the U.S. may get 8-7% interest on your savings. I live in the Netherlands. The bank gives less than 1% on savings, it's something to do with the Common Eurozone policy, they want Europeans to spend instead of saving. As I heard, here maybe through some investment in a index fund, people might earn 4% interest. Were would Hue invest, if he were living in the Netherlands?

[@N666able]

​@@GabrielMokumsonyou could at least move your savings to bunq and get 2.01%...

[@mark7493]

@Gabriel Mokumson You could have invested in the S&P500 like alot of people including me that made 2,5k profit over last 2 years. Instead getting lousy 1% that every bank is giving you in The Netherlands

[@YASHKUMAR-mb4qo]

​@@GabrielMokumson in india u can get 10-12% ON investment

[@zacchk]

It’s about both really

[@arnabchatterjee694]

1. Track your expenses 2. Make it a game 3. Go for the effortless wins 4. Multiple annual expenses by 25 5. Moving home 6. Upgrade your transport 7. The biggest payday of your life 8. Master expenses, then make more money 9. Easy employment 10. Sell stuff 11. Rent stuff 12. Coaching or Teaching 13. Flexible Freelancing 14. Digital Products 15. Learn a skill in demand 17. Fall 7, Rise 8 18. Ramp up ROI

[@Huwsview]

Thank you for summarising! 👍

[@ShaunSurgener]

So golden!!! Making it a game is HUGE- helped me get to saving 75% of my income. Let’s build that dream

[@LazarkGaming]

This only works if you earn money lol. As a super small business owner the last 3 years is 100% reinvestment. This video is for people with bosses on a salary. Salary people are boring people.

[@yogaforsuccess]

Thanks for the excellent video, but what happened to tip No. 16? @@Huwsview

[@donaldlyons17]

@@LazarkGaming Yep can't make money if renters never pay enough. Also getting customers is likely the most important part yet finding them over and over again is sometimes almost impossible!!!

[@johannesdolch]

The problem with this calculation is that it requires you to live frugally forever. So i would call it financially independent, not retirement. Retirement means you never work again. That's no good under this plan unless you want to live on a minimum for the rest of your life. That does not sound like fun. On the other hand being financially independent and using that independence to be able to take more risks as a boost to higher income brackets is smart.

[@Huwsview]

It requires you to live at that level of expenses, it doesn't mean suffering, that's optional. I'd also add, once you optimise your expenses and automate a budget, turn your attention to earning more. You'll get there far faster and you don't need to rely on stocks for income.

[@meerkat1954]

Unfortunately life isn't inherently "fun" and it's about to get a lot less "fun" as the world economy systematically implodes over the next decade. The key is not to tie your happiness, state of mind, or sense of accomplishment to material things which are going to become increasingly expensive. If you can do this, you become among the richest people in the world.

[@johannesdolch]

@@meerkat1954 No. Just No. And it makes me sad that people like you actually believe that. Let me just venture a wild guess here. From your handle i assume you are in your late 60's. And i bet you let your health go to shit. I bet you can't do 30 pull ups. That is on you, mate. I bet you don't have a couple million bucks in the bank? That's on you, mate. I bet you don't have a 40 year old, hot girlfriend because you are a pessimistic, out of shape brokie. That's on you, mate. Don't blame the world for being lazy.

[@shugyosha7924]

I was able to switch to remote work, which allowed me to move to the countryside, which helped me to not only save money but also minimise distractions. I also have room for an office and gym and can go hiking on the weekends. I've been working on building a software product for the last 3 years, but now I'm able to focus more time into it. I launched it recently and from next month I'll transition to focusing mostly on marketing it. My plan is to save up about $100,000 and buy a house similar to the one I'm living in now. My goal isn't retirement but the freedom to work for myself doing something that I enjoy and I feel is meaningful. It's difficult though. It feels very solitary. I wish I had friends who were on a similar journey.

[@Huwsview]

Absolutely love it! Congratulations on taking the steps that you have. Wishing you all the best of luck with it! Loneliness is real as an entrepreneur. Fortunately, you can find many places where other entrepreneurs hang out and connect with them. I joined a business mastermind and its packed with people like me.👌

[@shugyosha7924]

@@Huwsview Thanks, I appreciate you taking the time to reply. I will look for a business mastermind in my area.

[@king-manu2758]

I became a digital nomad and now travel around the cheapest countries possible to save as much as possible. I'm planning to have like 30k next year. I'm just not investing on anything because I don't know how investment works.

[@ketan.x]

Not worth it without family/friends.

[@bearnecessiteespolio5359]

I know that message sounded like a bot but it's just a genuine tip ha

[@NathalieLazo]

"It's not about how much we make, it's about how much WE KEEP!" GOLDDD!!! JACKPOT!! :)

[@Huwsview]

💯👌😄

[@ShaunSurgener]

This was always really important for me… there was a time I was living on 900 a month (3 guys in a one bedroom apt, $5 a day on food).. I was making 900 per week so I was saving almost 75% of my income This allowed me invest in RE and start building freedom Let’s build that dream

[@AdolphusHitler-in4ee]

🙂 nathalie 🥰

[@trailertrish]

but then, three minutes later he says he started a side hustle to double his income 🤦🏼‍♀️🤦🏼‍♀️🤦🏼‍♀️

[@rayzerot]

It's true but it's not the whole story. People who earn more save more. That's the statistics. You can only cut your expenses so far and if you earn more you can save more without it hurting

[@vee1115]

100% agree with the advice “don’t be loyal”. I change service providers all time. It’s my hard earned money and I’m not sticking around with a service provider that’s not financially benefiting me.

[@Huwsview]

👌👍

[@NatInTheHat49]

Following advice i moved back in with my dad cutting out £700 a month in rent and living closer to work and i got rid of my car and replaced it with a boring diesel but hey 4x the mpg saved me a ton in fuel bills i also opened a small side job so my savings went from £4k a year to £12k a year it definitely made a big difference

[@Huwsview]

That's outstanding work! Well done and congratulations. You're well on your way towards financial freedom! 🙌👏😁👍

[@VanDelfin]

I never thought a video on finances, frugality and investing could be so fun to watch! Awesome job 🔥🔥🔥. Subscribed and notifications on! 🔔

[@Huwsview]

Thank you so much Ivan! That's EXACTLY what I'm shooting for. Glad it landed. Thank you for your support! 🙌

[@donaldlyons17]

@@Huwsview Yeah I don't think I have ever heard a finance person say people who like, comment, subscribe and notify are those I don't want on..... WTF you already know he is likely your target demographic.

[@ERoossien]

This opened my eyes, I was fine with saving a little, have everything I need and the family is provided. But, I'd have to work until my pension... did a check and only on food ordering I can save 300 bucks in average a month. Not to mention all the streaming services, insurances etc. That's an easy 5k a year at least.

[@Huwsview]

That's awesome Erwin. Most people watch this stuff and move on. You acted on it, so I have no doubt you'll do well for yourself and your family. Reducing expenses isn't sexy, but it has the greatest immediate impact on personal finainces. Once you're content that you have them under control, then you take things onto the next level with increasing income (if you wish). In any case, I'm glad the video helped in some way. That's exactly why I created it. 🙏😊 (PS. Keep me posted!)

[@stephanielange]

this video is SO GOOD! I would love to retire by the age of 40, but am terrible with numbers, money and math(s). Off to binge watch all your videos!

[@Huwsview]

Thank you so much Stephanie! I really appreciate that! I hope I can change that for you. 😁🙏

[@r.joseph8911]

just begin as soon as you can…using a “pay yourself first” ideology..as in allocating pre-taxed income toward investments, you can do this! As your income increases, invest that amount more. The early retirement thing will be helped by side hustles. Good luck to you!!!

[@stevetitch]

Yess! On my way to this. Super cheeky went to work full time with a client and doubled my income, now using the extra to start investing more and setting up a business. Let's gooooooooo

[@Huwsview]

YEEEESSSS Steven! That's the spirit. Keep going my man and keep me posted! 🙌💪

[@stevetitch]

@@Huwsview if you're ever in Derby in a couple of months... You'll have to come to the axe throwing range I'm setting up 😂

[@Huwsview]

@@stevetitch I WILL hold you to that!! That sounds axellent.

[@mrscreamer379]

A really important one that changed my financial situation is learning how tax works and how to be more tax efficient. Its better to save money than give it to HMRC.

[@Huwsview]

Understanding how to optimise Tax is huge for wealth building. When you you start a business they're even more important, but for people starting out, I think they just need to focus on reducing spending, and exploring ways to earn more. Tax is too complex/boring/overwhelming to begin with. Thanks for sharing your views and experience. 🙏

[@ouaoua11]

it is important to start early, put aside as much as you can and get a decent return. The Problem is ,not everybody make the right decisions when it comes to money because of family background, lack of financial education and personal psychology and personal life . you have to take many factors into consideration in the "get rich" equation.

[@Huwsview]

Yes, absolutely. This stuff isn't easy but it's possible with the right information and mindset. 👍

[@donaldlyons17]

@@Huwsview No it is possible with the right conditions. Info and mindset sell info. but conditions make stuff possible.

[@ShaunSurgener]

I find that it helps having short term goals you can fight for as for most people it’s hard to do something where the payoff is 30 years down the road- but if you have a 1 year goal that will translate into buying a property or something it can really elevate progress

[@donaldlyons17]

@@ShaunSurgener You mean taking advantage of less fortunate people?

[@aaron6841]

​@@donaldlyons17in this world you have to make your own way and not expect a handout because your "less fortunate" plenty of million , billionaires worked there way up from nothing.

[@philochristos]

I was kind of shocked by how much money I could save by fasting.

[@Huwsview]

Food inflation has been high over the last 2 years. I'm not surprised you found savings there. Great for your health too. 👋👌

[@MijnWeekendVlog]

came over her from TikTok and it did not disappoint great info and awesome editing style cant wait for more

[@Huwsview]

Thank you so much! I really appreciate that! I hope I can continue to entertain you. 😄

[@yuno3364]

I got a HUGE raise, and am able to save 50% of my income, thanks for this!

[@Huwsview]

You're in small percentage. Outstanding achievement. Well done! Congratulations on the raise too. 🙌👏🥳

[@Notfullyevolved]

Stumbled here while searching for financial freedom. And I'm hooked. Starting on my expense tracking this month!

[@Huwsview]

Now that's how you do it! Thanks for the support. Welcome! Let's do this! 😁👍

[@ShaunSurgener]

Get it!!! Once you start making progress it becomes addictive- I remember only having 400 and living paycheck to paycheck - once I got serious about money within 2 years I had over 40k saved on low income and was buying my first investment property 🙌🔥 You got this- just set a target and know WHY this must happen

[@andrew9569]

This is really good. Love the humor. Subscribed. Thanks.

[@Huwsview]

Thank you so much! 🙏😁

[@neilpickering3633]

Came across your video by accident. Really enjoyed it and has really opened up my eyes to what is possible. Thankyou.

[@Huwsview]

Thank you for sharing that Neil. I made it for people like you who aren't aware of this stuff. 😁👍

[@gokulkrishnan5957]

I cant believe you only have around 19K subscribers. Granted, there are more tips (and a lot of them is about experimenting to understand what works), a very pivotal point that people often miss is the ability to out-save your spending. Great job! You've inspired me to track my spending for the last 12 months. thanks!

[@Huwsview]

Thank you so much. I really appreciate that! Going back and tracking my spending really changed everything for me. I hope it serves you with the same value. Keep me posted with how you get on. 😁👍

[@gokulkrishnan5957]

​@@Huwsview Yup. I was just doing this for the month of July. Fixed Expense ~ 26% Luxury & Misc - 12% Loan & Charity - 15% I do invest the rest. But the challenge for August/September is to cut down "Luxury" category under 10%. I include eating out/coffee all under luxury category. Hopefully baby steps towards under 3%. Something I have been wishing for a while.

[@Cobalt_11]

Im 21 just started full time work out of uni 3 weeks ago and stuff like this is exactly what I need. Unfortunately i work and live in a city and housing rates are trash but ill slowly be working to get my expenses down. This stuff is intimidating but I wanna do it so badly to be able to live truly free.

[@Huwsview]

You're WAY ahead of me. I was 10 years older before I went full steam. Be patient, keep working on it and I expect you to be done before 30! You've got this! 😁👍🔥🚀

[@Cobalt_11]

@@Huwsview thanks for the advice man. I'll give you an update down the line 🫡

[@high-endsecuritysystem.2817]

"Build Residual Income! Ask how.

[@tonyjohansson2967]

Finally a youtube-channel that i can use.. this is brilliant!❤

[@Huwsview]

Thank you so much Tony! I appreciate the support! 🙏😄

[@elitechampion]

Very interesting video, never thought of it like that. Reducing expenditure can definitely make you retire a lot earlier! It goes against our nature, we always want more, more and more. Good on you for spreading awareness of this!

[@Huwsview]

Thank you for your kind words and support! 🙏 😁

[@bugbusters-badcoder]

One of the best tips in there, if you need more money, ask your boss. As an senior manager I never turned down anyone down for a pay raise, I sometimes sent them away to come back with details on why they deserve it, or what extra responsibilities they would take on, but if people asked they got it. Same as myself, I've never been refused a pay raise, even if in some cases it meant they could increase my wage, but would pay me 20 hours a week overtime that I didn't have to do, I've always got the pay raise. But, the number of times people have left for a new job, and you ask why, and the answer is 'I wanted more money', is amazing. Why didn't you ask for more money? 'Well I just assumed I wouldn't get it', well you assumed wrong.

[@Huwsview]

Thank you for sharing that. It's important to hear the other side! 🙌🙏

[@bradnorth4405]

Sure way to double your money is to fold it in half and put it back in your pocket

[@jennycarss]

I'm only saving 6% at the moment. My aim to hit double that next year and keep up the course! It's the unexpected expenses that can catch you out. Loved this video, thanks Huw.

[@Huwsview]

Thank you Jen! 🙏Great to hear that you're looking to double your savings rate next year. Ideally, try to plan for unexpected expenses.... stay with me! Emergency fund - save 3-6 months in cash for an emergency fund before investing in stocks or property. When an unexpected bill comes up, you can dip into this money. Just make sure you top it up at your next payday. Wishing you the best of luck! 😄👍

[@donaldlyons17]

@@Huwsview Dude you mean a backup plan which is a good idea but the very definition of unexpected is something that really can't be planned for in any meaningful way....

[@ShaunSurgener]

Yea those unexpected expenses can definitely kick in.. What helped me was after really getting my mindset into financial defense, was then switching to financial offense to learn how to add 10,20,30K + to my income. Without changing expenses it really helped me save way faster

[@evaguo1]

Great info, entertaining and clear enunciation 👏🏼👏🏼🧡 I finally understood FIRE watching the KZbin channel Our Rich Journey, but I'm going to check out more of your videos. I tracked my expenses for the first time after watching Our Rich Journey. I'm about 1/3 of the way to my FIRE number. I mostly am relying on index funds such as VTSAX. Thank you for the fun and informative video. Have to figure out how to coach now!!

[@evanowens7591]

Great video and actually had useful statistics and advice most videos. I watch like this are so vague they don't give you any direction

[@Huwsview]

You're welcome Evan. Thank you for your kind words and support! 🙏😄

[@ChristianRingdal]

What a great video. Funny and informative

[@Huwsview]

Thank you so much! 🙏😊

[@TTebb]

The execution of the video is perfect. Well done

[@Huwsview]

Thank you so much! 😊🙏

[@FutureRideshareMillionaire]

came here through Instagram. From one KZbinr to another, your edits are amazing! You're also great at story telling and getting those b roll shots. I know how much work that is and you're doing an amazing job!

[@Huwsview]

Thank you so much Tristan! I really appreciate that! 🙏😊

[@svet2533]

The best video about financial independence I have ever wached! ❤ Thank you!

[@Huwsview]

I'm not sure I deserve such praise, but thank you! 🙏 😊

[@doughill2312]

In step 4, if you multiply your monthly expense by 300 will get you there in 1 step. 25 x 12 = 300. Thanks for the info, appreciate it.

[@Huwsview]

Great tip. Thank you for sharing Doug! 🙏😁

[@christianreichel330]

You didn't retire Huw, you just became independent of a formal job, which is great !

[@Huwsview]

100%! How to become independant of a formal job in 7 years won't get the clicks though. 😄👍

[@Thezedword12]

I think reducing expenses is definitely great, i find dining out is really not worth the cost these days and saved a lot cutting that out, and then subscribtion services. Having a BBQ with friends at home is a great alternative to dining out

[@Huwsview]

Love it Jordan! Me and Lou go out once or twice a month. It feels more special that way. I agree, having friends over for good food takes some beating! 😄👍

[@CakeyC]

This video is absolutely brilliant, content is fantastic and the production quality is impeccable! Keep it up, huge KZbin growth inbound for you dude!

[@Huwsview]

I really appreciate that, thank you CakeyC! 🙏😄

[@ShaunSurgener]

Definitely good quality- always great content.. let’s build that dream

[@theedman]

Outstanding as always Huw - Keep dropping those value bombs! 💣💰

[@Huwsview]

Stand back Ed. More incoming...

[@TheJesusFreeke]

Thank you for your tips!! We are miles awayfrom F.I.R.E., but my partner is starting to work full-time (so thankful!!), so we are going to start by keeping our expenses the same as now or cut some things as we can, and pay down high-interest debt first. Transport: I want to buy a cheap old electric car (leaf) to save money each month as our old car is almost an antique and not getting cheaper to maintain. If it were safe to bike where we are, I would, but it isn't. Gamify: Then we are going to make it a game to see how fast we can do everything else. Goal to retire: 10-20 years, about 50-60 y.o. Thanks again!

[@Huwsview]

Love it! Wishing you both all the very best with your journey. Little by little a little becomes a lot. 😁👍

[@lesptitsoiseaux]

I’m 46, I’d love to retire early. I subscribed and will dig in your channel.

[@Huwsview]

Thanks for your support. I hope it helps! 😁👍

[@Kimber-bz9fe]

Absolutely love your content thank you God Bless from Oz Down Under

[@Huwsview]

Thank you so much! 😁🙏

[@somebodytousetoknow]

I, or rather my wife and I, realized about 30 years ago that we pay too much for insurance. We stopped and only continued the most important ones with other providers. At that time there was no internet and everything that goes with it. We used "consumer advice" (in Germany) and that saved us around DM 3,000 a year back then - not to mention how much that would be today. I'm 58 now and I'm starting to cut down on other things as well. Even if you don't think it's possible - you can reduce many expenses and invest the savings in shares and the resulting dividends. It works - I can only advise everyone.

[@Huwsview]

Thanks for sharing your experience. 🙏

[@Destide]

Cycling and learning basic car maintenance even as basic as having the right psi in your tyres saves fuel and impact on more expensive components.

[@Huwsview]

Love it! 😁👌

[@Gomarsbar]

Amazing Video Huw - Keep up the great work and where are the d!ck jokes 😂😂😂

[@Huwsview]

Oh they're coming Aron.... they're coming alright! (Insert Evil Laugh) 👹

[@missauriella]

How does this video not have more views. All excellent advice.

[@Huwsview]

Thank you so much! 😁🙏

[@Rillien]

I've watched plenty of videos on the fire movement but this one has still offered some fresh perspective and interesting insight😊

[@Huwsview]

That's exactly what I'm trying to do. Thank you for sharing that. Means a lot! 🙏😄

[@carmellabrown3335]

I really enjoyed this video. I just subscribed! Thank you for sharing!!!

[@Huwsview]

Thank you for your kind words and support Carmella! I really appreciate that! 😁🙏

[@SarahStuff-p5u]

Put in a few extra years to work on kids/grandkids inheritance, but still hit the exit button at 49. My income is over double my expenses off investments now, it grows like the Blob.

[@Huwsview]

Outstanding effort Sarah. Well done! 🙌👏😁

[@Bonkers4Hex]

Can't believe you only have 20k subs, love your content ❤

[@Huwsview]

Thank you so much! 😁👍

[@timsinkovitz]

I was doing well financially and I own a rather large house with 4 bedrooms. Never had any kids or a wife so I started renting a room out to my friends Dad. And the overtime at work was also disposable income....... So I put the two together to buy high yielding dividend stocks for my third source of income. I'm a single guy with 3 sources of income now. Life just became easy for me.

[@Huwsview]

Very well played Sir! Love it! 👏🙌😁

[@veronicademarest]

@Huw you beast! You really went into creation mode, what an inspiration! I got into FI through that very same article by Mr. MoneyMustache. Next up was the book "your money or your life" - great read. Reading the book: not a challenge at all! Taking the action... Def. more challenging 😆

[@Huwsview]

It was a lot of fun to film but I'm just getting started Veronica! 😄 Awesome!! That post changed my life. 💯 Ideas are a dime a dozen but execution is everything!

[@TheMagicSauce]

I am 45 and getting tired of making & wasting money, so bring it!

[@Huwsview]

Yes Joeri!! 🙌😄

[@amityadav5179]

Great Video to learn more about financial literacy....

[@Huwsview]

Thank you Amit! Glad you enjoyed it! 🙏😊

[@thanksyoutubefortakingmyhandle]

$10k a year I spend $5k a month in the US that's crazy!

[@Huwsview]

Yes, the scale of living expenses differs greatly nationally and internationally. Bear in mind, I was earning less than £30k a year at the time, which wouldn't cover your living expenses either!

[@stevenfernandes7285]

Love this Video. Really high quality content. A Must Watch for anyone interested in Personal Finance 👌🏾👏🏽 lots of really good tips in there. I especially liked Tip 4 The Trinity Rule. Calculating the amount I need to retire based on my monthly/annual expenses.

[@Huwsview]

Thank you so much! I really appreciate that! 😁🙏

[@IAmMitchBates]

Dude. You're a stud man! I like this video so much. It's informative and relatable. Thank you for putting out this kind of content. We rise by building others up and you definitely do that sir. Thank you!

[@Huwsview]

I really appreciate your kind words and support Mitchell. Thank you so much! 🙏😊

[@IAmMitchBates]

@@Huwsview you bet brother. Keep it up!

[@missie123briggs]

Nice help I like this ❤😊

[@Huwsview]

Thank you! 😊👍

[@johnteles4613]

The best video I watched today. Thanks! ❤

[@Huwsview]

Thank you so much John! Best c;omment I've read today. 😁🙏

[@kay203]

Amazing story! While I dont think I can replicate what you did, currently at 30% savings rate and will try my best to raise that to ~40% ish. Once my daughter graduates college, adios work!

[@Huwsview]

Thank you so much! 1. You absolutely can (if you want to) but you certainly don't need to. 2. 30% is awesome. You're far ahead of the vast majority of people. 3. Try beating yourself, no one else. 40% again is excellent going. 4. I wish you all the very best! Keep me posted! Huw

[@sarahpalm7661]

Love mmm blog, read every post. I started a gardening KZbin channel, haven't made any money yet but hopefully it will take off. Finally using my degree, lol. But investing every month in index funds is starting to pay off. Still need to get the percentage up but every bit brings me closer to retirement. Great video.

[@Huwsview]

MMM is the man. I owe him a lot! Congratulations on the KZbin channel. If I can help in any way, please let me know. Reach out to me on Instagram or via my website. That's awesome news on the investing front. 👏 Keep up the good work! 😄👍

[@123lowp]

Take home = $110,400 USD. Invest = $86,400 USD. The formula says 7 years, but I plan on working at least 10.

[@Huwsview]

Outstanding effort, well done! 👏🙌😁

[@pmj2854]

Huw Davies I couldn’t believe I just watched this video and discovered your channel TODAY!!!! 10th June 2023! Thank you for your contents, especially this ONE ☝🏼 ☝🏼☝🏼

[@Huwsview]

Thank you for your kind words, support and enthusiasm. Love it! 🙌🙏😄

[@Seren3ti]

This is great value, Huw. Subscribed.

[@Huwsview]

Thank you for your kind words and support India, I really appreciate that! 😊🙏

I'm glad I clicked on this video. I finally found a financial guru's course worth investing in! Take my $100,000! ;) Seriously though, it's nice to find personal finance channels that talk about the UK rather than the US, as some of the options we have can be very different. Thanks for the great work!

[@Huwsview]

SHOW ME THE MONEY!! 😄 Thank you for your support. 👍

[@willwhiteside5875]

Great advice and well presented Huw, you have highlighted the fact l need to renegotiate my mortgage and cut unnecessary expenses very clearly!

[@Huwsview]

Great to hear Will. Best ofnluck with reducing your expenses and please let me know ow how you get on. 😄👍

[@paul_domici]

Great video man!!!

[@Huwsview]

Thank you so much! 🙏😄

[@Kiroley]

Hiya Huw, I watched this a year ago and started following your tips! I'm tracking spending, gamifying it (allowance money for saving below average), applied for dozens of jobs (fall down 7 times, stand up 8!) and I'm steadily working towards the vision/goal of becoming debt free. I haven't made any huge gains, and this year has financially S-U-C-K-E-D - but I recognise that this is a long game.

[@Huwsview]

Outstanding work, well done! 👏🙌😄 This stuff isn't easy, but that's the way to do it. If you haven't signed up to my Newsletter - www.huwsview.com - I recently wrote 2 guides on killing debt. You might find it useful👍 Keep up the great work and please keep me posted! 😄👍

[@snowmail87]

I'm three years into FIRE, and I agree! Living life is just as important as being financially secure & independent, it's been a lifestyle shift. I'm trying to balance it out now

[@DannyBoy293]

Incredible video dude. Thank you very much!

[@Huwsview]

You're welcome! Thank you for your kind words and support Daniel! 🙏 😊

[@cindaladahling1706]

Great video with useful, practical tips. To be fair, it was worth giving a like even if simply for the bits at minutes 3:35 & 5:05 - Thanks for the chuckle. 😀

[@Huwsview]

Thank you. I really appreciate that! 😁👍

[@Tanoshii00]

"notice that I said maths with an 's'. That was for my American friends" Point taken. Thanks for that little jibe! ;) Awesome content. Thank you!

[@Huwsview]

😆 Thanks for being a good sport... and for your support! 🙏

[@dividendfire]

My mad goal is retiring on 10 years, there we go 💥

[@Huwsview]

Boom! Love it! Best of luck. 😄👍

[@SF-fb6lv]

The other interesting thing that happens is...as you save higher and higher percentages of your take-home pay, you by default learn how to be 'just as happy' with 'less'. Then when you finally DO retire, you have multiples of your previous lifestyle money as your 'salary'.

[@Huwsview]

Spot on! 💯😁👌

[@ericamartin74]

Great tips! I'm currently working part-time doing phone customer service work and also doing some freelance writing. Looking to make the latter my regular source of income eventually but using phone customer service right now because it's a stable source of income.

[@Huwsview]

Love it! I'd encourage you to keep at it. Freelance writing can support a wonderful life if you enjoy it. Best of luck with your progress. Please keep me posted! 😁👍

[@rubennazaryan8759]

Truly enjoyed the video and the knowledge in this but - I was taking notes and noticed that it was only 17 tips. I was looking like lunatic for the tip I missed. hahahahaha love the video

[@tonyqwabe5873]

Huw made a discount

[@jannelle71]

Ooh I like you, you're funny... I am looking forward to watching more of your videos. Hi from Australia!

[@Huwsview]

Thank you, I appreciate that. Tell my missus! 😁👍

[@SewHealthy8]

Thanks brother good explanation

[@Huwsview]

You're welcome! Thank you for your support! 🙏

[@annjean8709]

Great video and tips! Thank you for sharing.

[@Huwsview]

You're welcome! Thank you for your support! 😁

[@tobypowelldev]

I absolutely love your videos and your style! funny and informative, you are an absolute motivation! I'm in my 40s and still haven't got things figured out, I wish I'd found these videos 10 years ago! time travel; I know. I've got plenty of skills but no business head on me. Hopefully I can get my self together this year with the help of these videos. Thanks for such great content! 👍👍

[@Huwsview]

Wow! Thank you so much. I really appreciate that! 🙏😁 I wish you the very best of luck. It's never too late and greatness awaits! 🚀🚀🚀

[@tomjeffes3261]

Absolute legend!! So much superb content, top work mate

[@Huwsview]

Thank you Tom! I really appreciate that! 😘🙌

[@BrianGivensYtube]

I’m currently saving and investing 42% but I plan to move into a house vs an apartment and then rent out part of it to cover the mortgage. That would be another 30% savings there. Then I’ll pay of my car early and keep it for as long as I can. Cook more and stop buying consumer products that I really can live without. I think I can reach 75-80% in the next 3 years without the possibility of a raise or my side hustles working out. Thanks for the video!

[@Huwsview]

That's outstanding work Brian. Thank you for sharing your progress and goals. It's important for others to see this stuff is POSSIBLE. Best of luck with your journey my friend! 🙌👏😄👍

[@BrianGivensYtube]

@@Huwsview Thank you for the inspiring content! Cheers!

[@susanlewis1953]

Just discovered u - love the videos. Good Welsh name - Huw Davies, Sue 😀

[@Huwsview]

Hey Susan! Thank you for your kind words and support! Yes, proud Welshman. 😄

[@PoetWithPace]

Simple, priceless advice. Thank you 👍🏼

[@Huwsview]

Thank you so much! 🙏😄

[@PoetWithPace]

@@Huwsview my pleasure!

[@andrewtonks8395]

Great work Huw and so,e top tips too!

[@Huwsview]

Thank you Andrew, much appreciated! 🙌😁

[@VolaconCarmen]

Glad to watch a such a valuable video about finances!

[@Huwsview]

Thank you, much appreciated! 😊🙏

[@RiskyAthleticsOfficial]

I just turned 2 years old, I can’t believe I’m gonna retire at the age of 9!

[@Huwsview]

👌🤣

[@gustavbrinkel5489]

Great content and beard, mate.

[@Huwsview]

Thank you! I did both myself! 😄👍

[@Exodai-Academy]

You just got yourself a new follower. I love the jokes in your videos.

[@Huwsview]

That's awesome! Thank you for your support! 😁👍

[@rapidvtec]

This video triggered me because I spent £178.52 filling up my V8 petrol range rover a few days ago - then another £75 on my small city car last weekend and i don’t even drive to work, i take the train. This is not to mention my actual fixed costs that you talk about on here; mortgage, food, council tax etc… i want to cry because i don’t do most of these tips. i have a few properties on rent & a sipp but yes i need to pull my fingerS out. Have to say though, i think retirement is overrated? But being financially free is the goal. Hard to do that in London. Thanks for the vid, will be subscribing. Keep them coming & i’ll buy your incoming course 😂

[@Huwsview]

Thank you for your honesty 🙌🙏. It's refreshing. I'm used to hearing ALL the reasons why this isn't possible for them. The reality... it's a choice we all make. Focussing on expenses first is paramount. It's the easiest path to impact FI. Like you, I have ZERO interest in retirement. It's used in the title to grab attention. Freedom was always the goal. Having the CHOICE to work or not is really what everyone should work towards. PLEASE let me know how much you're able to save if you take action. People need to see/hear other people taking action to do it themselves..... rather than listening to a bald ginger beard guy talking about how great it is. All the very best my friend! 💪😄

[@StupidIsTheNorm]

Outstanding. I did it in 3 years whilst only earning minimum wage

[@Huwsview]

No, that's outstanding! 👏🙌😁

[@StupidIsTheNorm]

@@Huwsview thanks Huw

[@josephj6521]

@@StupidIsTheNormyou retired in 3 years earning minimum wage? Can you explain how you did it and how much did you save?

[@KrisVic91]

How?

[@Adam-ey3ud]

Living behind the Wendy’s dumpster doesn’t count

[@nadjahorvat-marcovic1370]

I giggled when you said you were old school using excel *stares at pocket cash book* 👀🤣

[@Huwsview]

YESSS! 🙌👏😄

[@jessebarry4892]

You are so funny, brother! Thank you for the info.

[@Huwsview]

Thank you Jesse! I really appreciate that! 😄🙏

[@chrispennington8596]

Love this Huw! Keep them coming mate!

[@Huwsview]

Oh they're coming Chris! Whether you like it or not! 😁 Thank you mate!

[@kerronjdavis1945]

Excellent explanation

[@Huwsview]

Excellent comment! Thank you Kerron! 😄🙏

[@AlvynVillanuevaart]

The first 5 minutes was key: you started a side business that earned you more money than your job. Simply put earn more money and save it.

[@Huwsview]

No, the first 5 mins suggests it's not what you earn but what you keep that matters. Income accelerates your level of money management. If you're poor at budgeting, earning more won't help. You have a high income and still be ppor.

[@iskrajackal9049]

Great video, Huw; packed with highly actionable content, with helpful graphics, killer math (maths lol) and tons of key calculations. The humour was great too. Have liked, subscribed as well as commenting. (Hope this qualifies for the £50 you offered lol)

[@Huwsview]

Thank you for your kind words and support. I really appreciate that! 😁🙏

[@samybalerin7482]

Dear Davies, thank you very much for this very interesting and professional video and congratulations to your financial independence, if I may allow two remarks- multiplying the annual need by 25 is fine but indirectly it needs to be more than the 25 - cause the 4% we will use is the gross amount before taxes - second remark is also the inflation needs to be calculated (but here I guess you solve the problem with the pessimistic return of 4% you announced and in reality it will be arround 6-7p.y.) I like the way you are did this video was great to watch you - thx

[@Huwsview]

Thank you for your kind words and feedback Samy. I really appreciate it! The tax laws are vastly different in the UK, to Europe, to the US, to Asia etc. I decided to make it more generic so it has a broader appeal globally. In the UK, you can utilise tax efficient accounts and negate it altogether, but that's very difficult to do for most people, particularly when you're looking to retire early. The 4% safe withdrawal rate isn't the perfect strategy for everyone. It depends on age of retirement,, life expectancy, other sources of income, risk tolerance etc. But as a general rule of thumb, it serves its purpose. Thanks again for sharing your views and supporting the channel! 😁🙏

[@zimborob]

Awesome video, really high quality! keep em coming

[@Huwsview]

Thank you so much! I'll keep 'em coming if you keep watching! Deal? 😄👍

[@maigokonekochan]

I'm unfortunately living in London and cannot move for personal/family reasons - on 25k gross and I'm saving about 30% each month, I just don't feel like it's possible to save more in London and makes it worse I can't move. I work from home so don't use tube either, but 1700 net a month isn't much when your rent is killing you mostly.

[@Huwsview]

We all have individual circumstances to consider. If you've exhausted all options, take comfort in doing your best. Once you've controlled expenses focus on increasing income.and investing the difference. 👍

[@maigokonekochan]

@@Huwsview Thanks for the tips! Will try my best:)

[@taramcgriff1110]

Awesome advice thanks I need to get my thumb out my butt - thanks for the motivation

[@Huwsview]

Thanks for being so receptive to it! Best of luck Tara! 🙌🙏😁

[@globalfinancetrading]

This was a great story about how you actually made it to your goal! Thanks so much for sharing.

[@Huwsview]

I appreciate that! Thank you for your kind words and support! 🙏😊

[@chefmastermikecmm8465]

This is FIRE!

[@Huwsview]

🔥🔥🔥😁👍

[@Yoshi-Wise]

Thank you, this gives me hope for being able to retire after my kids move out. Curently my wife and kids spend every penny and won't change (I've been trying for years, in order to save I have to pretend I make less than I do and have my job send my savings to a different bank!)

[@Huwsview]

You're welcome. 👍

[@charbeleeid]

amazinggggg content

[@Huwsview]

Thank you! 😁🙏