I Would Stop Investing If This Happens

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[@TobyNewbatt]

If you do want to follow along my running journey here's my Strava link :www.strava.com/athletes/111334134 Let me know yours too and I'll follow back :)

[@garycoppinger9061]

Great video Toby Enjoy Manchester marathon pal Smash it 👍🏻

[@80y3r9]

Struggling with a half, need to compound my running gains! (I'm not buying £3 gels, eat jelly babies and buy the standard KZbinr Lambo instead!)

[@user-xo9kl7nh7f]

Nice video. I also just followed you on strava as a fellow runner / cyclist 👍

[@1greener]

You’re right, maybe I should have spaghetti on toast instead of beans tonight.

[@kw8757]

Decadence like that will keep you poor.

[@TobyNewbatt]

go wild and have the beans WITH the sausage in the can - you can use the sausage as a spoon....

[@dor843088]

I'm balling out of control with that sour dough bread 🍞 💰💰💰

[@johndoh539]

As we are all investors, and therefore are always looking for value and return, I actually consider that cheesy beans and 2 eggs on toast is the best value meal out there. Also the return it gives in nourishment and taste is probably in the top decile. More bang for your buck. 😂😂😂😂

[@fiveplates]

I needed to hear this Toby, thanks. Tomorrow is not promised and you shouldn't feel guilty about splurging from time to time.

[@dabe1971]

I can vouch for the future not being guaranteed. I'm 52, have never had a day off work sick in the past 14 years yet I suffered a heart attack out of the blue in January - and "quite a serious one..." according to the A&E Doc that assessed me and prepped me for a stent operation. I had no idea it was happening, I took myself up to the hospital on the bus as I expected to be waiting all day and didn't want to pay the parking fee ! So you never know what is around the corner or how long you have left. I'm now trying to assess if I can down tools with the savings I already have combined with a healthy voluntary redundancy offer my employer announced two weeks after my op (fate ?) and enjoy whatever time I have left. I'm trying to make changes to avoid a repeat episode of course but, statistically at least, my life expectancy has now reduced so if I can afford to stop now, why not. At worst I'll take on a 'pocket money' job just to tide me over and give my pension pot a few more years to grow. But I've definitely learnt that tomorrow isn't promised folks !

[@b-m-c]

Burned yourself out by the sounds of, unfortunately it will take a serious episode before we recalibrate and realise we are pushing to hard. Get well soon!

[@Red1Green2Blue3]

Not a bad time to cash out really, the markets (US/world) are at all time highs. Don't wait for a crash! Take a break, you've worked enough. Life is for living :)

[@davidhogg657]

I didnt have the spare cash to invest till my early 40s (46 now). I am fortunate that i make enough that i can max both my isa and that of my child, while still having a decent amount to spare. Im self employed and find it difficult to say no to work. Its addictive, and im good at it, and i mostly enjoy it. But youre right, sometimes i have to remember to live. Ive recently tried to remember to collect experiences, and not material possessions.

[@maltesetony9030]

Good, sensible, balanced thinking. A neccesary & welcome corrective to the FIRE madness.

[@tonycardazzi6301]

Spot on Toby! Live for the moment but always think about tomorrow at the same time. Works for me.

[@clarenceishmael9615]

I've wasted so many years of my life having a great time that I'm super motivated to turn things around and build that retirement nest egg! Memories don't pay the bills unfortunately.

[@silversurfer7223]

Word 👍🏾

[@keanuchampion]

i needed to hear this thankyou!

[@Abdul_Rahman86]

This is a great message! Problem is I worked in the NHS. I’ve seen nurses and health care workers almost falling apart because they can’t afford to retire. I’ve see 65 year old nurses in agony and falling apart because they can’t keep up with the 13 hour shifts and none of them invested 😢😢

[@Todd361]

With final salary pensions?? STFU

[@James-zu1ij]

63 year old nurse here. Yes, and I'm falling apart 😢 would love to retire

[@amitray6614]

I think the issue is not linked or limited to any specific profession. It's just how the system works. They want people to study hard so they can become good "employees". The vast majority of people, even high earners who are getting millions worth of sales, have very flaky understanding of personal finance and investing. The only way to retire comfortably is to own fundamentally good, cash generating businesses, their sole purpose is to create wealth for the owners. Now one can own and run their business if they choose to, or just own and let the management do their thing. Investing is not an option. I'd even say this - it can be more risky to not invest. Toby and other good KZbinrs are helping people a lot. So thanks to them putting such effort to educate us.

[@LawrenceTimme]

People don't realise they don't need to retire. You can just get a much easier job.

[@wl660]

NHS public sector final salary pension should offset anyone who didn’t invest.

[@danbartlett3197]

Brilliant video, this 'now vs future' is a constant mental battle for me. I guess 'a balance' of both is the answer, but where that balance lands is the tricky part.

[@andrewtaylor641]

Love the T-shirt BTW Toby. I guess what you are talking about is the 'chill' you don't have to always go 100% into the investments with all your money sometimes 50% is enough, with the other 50% for a few treats

[@ryanbooth9736]

Great video Toby and completely agree! Sometimes it's worth really focusing on your finances, if in debt or saving up an emergency fund. But once you have them in place you have to enjoy your time too while your here as tomorrow isn't guaranteed for anyone as you say.

[@Lenny-nr4yv]

Best of luck with marathon toby👍

[@adrianradev7773]

Great advice Toby. Thanks so much for the content - I hear you on the running gear... it gets expensive very quickly :D Good luck with MCR marathon!

[@TobyNewbatt]

Thanks Adrian! Any excuse for another pair...haha

[@youidme]

Toby, your authenticity and great delivery is why I really value your sound ideas and guidance. Thank you.

[@TobyNewbatt]

Thank you for the kind words :)

[@ewangibbison4270]

Very Wise words and agree completely, well done mate smashing it 👍🏼

[@sukhr6928]

A lovely positive spin on Things, thanks Toby! I just got the investing bug but it's nice to be reminded that you should enjoy life right now just as much as you could enjoy potential returns in the future!

[@paulevans2246]

Great message. Tim Ferris has a good message in his great book - 4 hour work week ie build mini retirements into life if you can whilst you can enjoy your health. Easier said than done I know, but can’t argue with the sentiment…

[@killeremma]

its good to pull everything back in to perspective like this. I'm not having a holiday this year to try and get ahead with investing, but I will next year. As the kids are only little once

[@borjaportos]

Great video mate. Good luck with the marathon 🔥

[@user-mw2oe6xc7u]

Great video toby , your right it’s not easy investing and getting family / life balance 👌🏻

[@livingart2576]

Very wise words my friend. Why trade the present for no guarantee of the future. It’s all about balance.

[@adamcunningham6746]

Great video as always Toby, thank you. Good luck with the Manchester Marathon 👍

[@TobyNewbatt]

Thanks Adam!!!

[@benbradford6025]

Index and chill 😎 Love the videos Toby. Keep up the good work 👍

[@james989]

If you think running is expensive then you should try cycling 😆

[@TobyNewbatt]

Then I’d definitely have nothing to invest 😂😂😂

[@lawrencer8673]

Another Vlogger called Azul has said many times when you reach 60 you only have 1000 weeks left....how many of thoese weeks are you going to be in good health & be able to enjoy the fruit of your labour. I intend to retire at 63 while I am still in good health. Yes you can have lots of money but you can not do much with it from your sick bed. Take the time to enjoy the remaining 1000 weeks.

[@amitray6614]

I watch Azul's videos too. He's good and does have a great point about 1000 weeks. But I'd say this, if one appreciates the power of compounding early and the importance of investing and not throwing cash on unnecessary/ meaningless purchases, they could have the option to retire with more than 1000 weeks left, and many of them could be with good health.

[@lawrencer8673]

@@amitray6614 you need to also pick the right fund or funds to invest into, the UK has not done very well over the last 10 years unlike the S & P 500 index.

[@superslip103]

That is pretty scary

[@ATA12354]

Love your videos, I’ll be looking out for you at Manchester Marathon, I had a look at your Strava I think we’re in similar positions I imagine Ironically I took up running as I found out was practically the cheapest hobby but you’re right carbon trainers, expensive events and all the gels for the long runs… not so much!

[@danielfranks807]

Refreshing to hear this view!

[@SoullessAbandon]

Love your shirt! Lol! Index and Chill 😁

[@stevegeek]

Great video Toby. I like these philosophical discussions and wish that more financial YT channels did this. I had to laugh when you mentioned the cost of your running. I'm into cycling and that can be mega expensive! I daren't add up how much I've spent on bikes, clothing, tech, nutrition and accessories over the years, but I wouldn't change a thing. It's important to remember to enjoy your hard earned and not be 100% looking at making more money, without an end goal.

[@jameswood4183]

I am so glad a financial KZbinr has approached this topic , there seems to be so much focus by so many people to save and invest everything they can for their later years , when let's be realistic most of us won't be able to enjoy all the things we are able to during our younger years , and there is certainly no point being the richest man or woman in the graveyard . I really hope your video opens everyones eyes .

[@smeg3519]

Great video today mate, thank you

[@TobyNewbatt]

Thank you as always for the support

[@bellamoon8341]

Totally agree! My current dilemma is do I buy that £2000 wrought iron patio furniture to dine outside or do we sit directly on the patio flagstones for yet another summer 😅

[@bellamoon8341]

Actually just worked out that if I invest it, it turns into £8000 in 20 years at 7%. Hmmm might just eat off the patio flagstones instead 😂

[@TobyNewbatt]

hahahahaha - meet in the middle - get some camping chairs!

[@PAZPERDEE]

Maybe splash a little on the Ratan stuff 🤣

[@chqshaitan1]

Great video, so easy to overly sacrifice the now for the (possible) future, when if you are unfortunate you may not actually be around to benefit

[@ravindersingh4822]

Great video, thanks.

[@almac8524]

Great video Toby, I personally can’t stomach more than 5 Maurten gels in a marathon; I’m sure you’ll be fine. Followed on strava 👌

[@capcomgenius3974]

Hi Toby, My Wife is almost the opposite to me, where she says live for today and not the future. I have gone backwards and forwards on this constantly with her and said why cant we do both (pretty much what we are doing!). She just says 'well do what you want'. My point here is exactly what you have said for the first part of the video, where you should most definitely not skimp now just because you want to retire early. I have young children too so I want to give them the best life growing up now as well.

[@TobyNewbatt]

sounds like a nice balance for each other :)

[@rebeccamorris9576]

Great advice Toby. My husband and I are in our early forties with 10 and 8 year old boys. We both work 3 days a week (teacher and NHS) which is perfect for us in maintaining a good work/life balance and taking a slower pace in life. I've used the compound calculators and have looked at how much more money we could invest if we worked more hours (putting the kids into breakfast/after-school clubs) and how extra money we might have in the future as a result. Ultimately life is happening now though, not in 30 years so it's all a balance, yes I might not be able to retire as early as some other people who work full time, but I'll only work part time for the next 20 years so it's a trade I'm happy making. My mum was diagnosed with Parkinson's within 3 months of retiring and her health means she cannot enjoy many of the things she was originally planning - it's made me realise that the future (or our health) is not guaranteed so you need to factor in your current happiness too and not just focus on the future.

[@TobyNewbatt]

thanks for sharing your story :)

[@adrianl5899]

Sorry to hear about your mum but I enjoyed reading your approach to life. Take care.

[@0runny]

I'm an experienced investor, but this video is great for my kids. Thank you.

[@LawrenceTimme]

Buying things doesn't make me any happier. I haven't bought anything for over a year now and I'm no less content than when I was spending loads.

[@kevinsyd2012]

It's simply finding a savings (investing)/spending balance, just like a work/life balance. Everyone's different and those balances will change as we get older and our family develops.

[@ChrisShawUK]

Knowing when to stop is a good general life skill for all sorts of endeavours. I stopped work in 2019, so stopped adding new money, and started drawing down. I'm somewhere in the middle of your two illustrative stories ... I'm not planning on dying with zero, and certainly not planning on hoarding everything.

[@samuelnewitt6978]

If you want an expensive hobby, take up Mountain Biking. I did it for 25 years, and can't affort it now despite 3 promotions, it's crazy

[@brysoga]

This is exactly it. I'm taking retirement planning very seriously, but i am also enjoying life now. I have a spreadsheet where i have planned out my net worth for every month until im 100 years old. If im ahead of target i loosen the purse strings a bit, if im behind (as i was for most of 2022) i tighten that belt. I have 3 distinct retirment pots. A defined contribution pension which i put into every month and i aim to last me 15 years or so (58-73). I have a stocks and shares ISA which i try to maximise every year which i wont take money out of until i am 73 (with 30 years growth i am hoping this along with state pension will last me till i am dead). And i have a regular stocks and shares account which i oay into every month for an early retirement. Seeing each one grow and tracking each one really encourages me to keep on target.

[@ruthxo]

I'm just loving the Index & Chill tee.. 👌👌👌

[@TobyNewbatt]

😎

[@johndoh539]

A great video Toby. They are getting better and better 👍 Interesting because investing can become obsessive, and you are correct, that you lose the focus of whats going on today. Also if you have been frugal for years and years its hard to just turn the money taps on. I feel I need to loosen mine a little 😊 Good luck at the marathon. I have done a few. Set off nice and steady, enjoy the occasion, and under NO circumstances, try and bite off more than you can chew ! It will come back to bite you in the last few miles, as it did me at London. You are only capable of what you can do. Running is not like other sports. . . . . .you can’t get lucky on the day. Fellrunner Jim

[@TobyNewbatt]

Thank you! Yep I’m gonna set off nice and steady, touch wood I did that in the recent half and it worked out really well for a negative split 👍👍

[@davidjones4130]

I live in castlefield , ill be cheering for you 😂🎉

[@alexmac2010]

I agree with the balance but struggle to stop investing all my spare cash and knitting holes in my favourite blue jumper (I actually have a patch). I’m 39 and have been investing 15 years and know the power of compounding. Got 3 kids under 8 and investing for their future with an aim to help them buy property in around 20 years. It’s a hard position to be in when you know the power

[@gabitzatoader]

yeah but them Endorphin Pro 3 are some class shoes.. did my Manchester half marathon in them.. Good luck at the Manchester Marathon.

[@TobyNewbatt]

They are awesome, i've done the Manchester half in them back in October last year and looking forward to taking them for the whole distance...then maybe time for the Pro 4's :P

[@sureshravindran4064]

Good advise

[@robertsoso7093]

Hi Toby, Yes I wouldn’t give up my hobby to save a bit more My hobby is also not that expensive but small thing can still add up, my wife just bought me a speragun for 1200£ but this should last me for long years Anyway, I do try to invest what I can but I still try to enjoy the life when I still can 🤪 Thanks for the video Have a great Easter break

[@porschecarreras992cabriole8]

OMG did you max your ISA this year before you splashed out on posh running shoes? People in Africa running on bare feet as it keeps your foot arch is good shape 😅😀

[@khuongle877]

I max out my retirement accounts, and have 230k invested in individual stocks. Now I don’t save and investing any more money, now focus on spending every working penny on holiday until I turn 50

[@Norfolkpaul]

Great video 😊

[@stuartdonald2302]

I find I do end up saving far too much and not focussing on the now! What I do is set myself targets and rewards for achieving those targets. The new car will be bought, all being good, in about a month. A new to me McLaren, I cannot wait.

[@TobyNewbatt]

This is the way!

[@simonrourke1978]

Great video, and I have been pondering the same thing recently. The Ronald Read story is interesting, but my overriding feeling about it is 'what was the point?'. He lived frugally, and presumably his family did too, and died before he could enjoy the fruits of his investments. To top it off he gave most of it to charity! The right word is 'balance', live for now and don't deny yourself treats and experiences, but always keep an eye on the future because it will be here before you know it! 🙂

[@kirsten121]

My 18yr old cat is currently my most expensive hobby (medication and special food). Ach well, the cats are getting all my money in the end, one way or another!

[@oliverheafield3638]

As you were telling the story, I was thinking - what is the point in living life in that way only to die and not see any of it/enjoy yourself a bit. Why did he even invest if he wasnt intending on using it to enjoy it later? Just seems pointless. You need to enjoy the moment now along with investing, only get one go round...

[@floydestelle6242]

Invest early, need to be in stock, not bonds, save as much as possible and let compound interested carry you to finish line. Steer the course, market go up and down.

[@Nat_Benson]

Marriage isn’t for everyone but if you can find a partner like mine it’s like having an auto balancing investment/lifestyle tool 😂 she reins in my investing and I rein in her spending. Working well at the minute 👀😬😂

[@BaronGitanoCafe]

I do try to maximize the amount I invest. But the approach is pretty much the same as my progress doing bench press: I have a fixed weight and reps I need to lift, anything above that only gets me stronger. Fair enough, some days I'm actually tired and feel like cheating. No, I don't pay for a gym. I bought my own bench, of course.

[@barbarar5869]

Like everything else, it's about finding the right balance, which isn't always easy. I think it is helpful to also set goals and determine what is important during a particular moment in your life. I would be frugal for years so i could splurge on year long trips. Then I decided to focus on a purchasing a home. Now my focus is investing. I am naturally frugal but I splurge on what matters to me and makes me happy, such as travelling. But I also know that I can travel without spending a fortune.

[@liamstedman7742]

I think it is really important to have a goal with your investing.

[@TobyNewbatt]

you could spend it on many worse things :P

[@valerienewbatt9678]

Very good Toby

[@mattsennett]

You are right that's it all about a balance. Life is for living as we never know when the final whistle will blow. I think Ronald should have enjoyed his money a little bit more as let's face it who really wants to where clothes held together with pins and drive a really old car that was maybe unreliable. He would have still left well over $7m and his story would carry the same weight. Full credit to him though as what he left to local good causes was fantastic 👍🏻

[@AR-fy2qo]

Get the dextrose tablets from savers mate 😂

[@satstube]

Can you tell us how to get that clock ticker type thing on the wall in the background? Or how it's setup

[@TobyNewbatt]

check my description, everyone asked me so much I put a link there :)

[@andycooper3807]

Where does one purchase a Index & Chill t-shirt?

[@TobyNewbatt]

haha maybe one day :P - any other takers? I think I'll do it as a giveaway at some point just playing around with the logo for now :)

[@philiplythgoe7173]

l invest because I like it and can't find anything better to do... LOFL

[@p.c.h.6721]

Delay gratification is a necessary evil 😈

[@Andygb78]

And delayed evil is necessary for gratification.

[@TomsPersonalFinance]

Is that t-shirt a hint that some merch is coming, Toby? 😉

[@TomsPersonalFinance]

And I agree, it is all about the balance. No point investing every penny and not enjoying life at the moment 😊

[@TobyNewbatt]

Haha maybe one day! I got two made just for the fun of it - maybe I need to trademark it and make some eventually or could be a future giveaway 😉

[@TomsPersonalFinance]

​@TobyNewbatt I think it looks good!

[@jacc88888]

This spoke to me. I’m not on a particularly high income but have become a bit obsessed with trying to invest every spare £. It’s almost become an addiction (albeit there could be worse addictions!). I’m now setting up a holiday and leisure savings account so I can also have fun and enjoy having more experiences.

[@TobyNewbatt]

I think thats a great way to think about - I love investing too, and wish to help as many people get started as possible, but there is a balance somewhere. Definitely worse addictions :-)

[@simonnicholls3650]

Tip for you little bit of research and save a lot by......Making your own energy drinks.

[@Skarkez555]

Like your tshirt. Will these be for sale soon? Female cut size small please

[@TobyNewbatt]

noted! seeing a lot of interest maybe something i get sorted soon :)

[@Cosmo38436]

You did work it out 😂

[@curtl6906]

As a low-income and fully independent earner I'm investing a relatively large amount of my income (roughly 20%) which can feel excessive at times. Especially when I get towards the last 10 days of the month and living out of tinned food. But I realise the importance of compound interest and being in my mid(late) twenties this is an important time to put that money aside. It'll need to go towards a deposit when the time comes although I don't see that happening for decades 😪 I think that it's just as important to earn a better salary as it is to invest which is my current goal. It's important to enjoy life but this is a challenging time to do that I'll be honest, can't do it all..

[@hanzysjourney8436]

Hiiii, same here! In a similar position 😅 gosh those last days can get intense before payday. But I want to maximise my late tweenties and thirties while I can and invest 20% -25% net income.🎉

[@curtl6906]

@hanzysjourney8436 we've got this my friend! 💪

[@adrianl5899]

Very nice video, Toby. (Hopefully) No-one at our funerals will stick up a chart of how we've invested, or want to talk about our knowledge of withholding tax. What they will talk about is the memories shared, the kindness we showed them, the time we gave them and so on. Investing should be enabling, not disabling. If it's at a point where life today has seemed to be red-lighted for the future life to be green-lighted, that's not good. For all investing's importance to retirement, a house, children's opportunities (or whatever a person's goals are), time runs out, chances to play with our children run out, chances to visit xyz while healthy runs out. I was fortunate to be able to spend an incredible amount of time with our only child as we home-educated until secondary. Though it meant income was low and we've then had to play catch up financially with pensions etc., I'm so glad we did what we did. Take care!

[@TobyNewbatt]

love this Adrian - and this is a great quote too: 'Investing should be enabling, not disabling'

[@MICEVVV]

What I was thinking of is start with 50% bonds 50% stocks, because of coverage, meaning if stocks fall even 70%, bonds will cover it. That means that we can just transfer funds from bonds to stocks. Now what is different in my way of thinking is this: if the initial 50% stocks was enough to start with, why let it compound in the stocks section when we can just limit the stock part to a fixed amount, the amount we started with, and compound it in the bonds section at the end of every year at the rate of 4-5% instead of the 9-10%. This way less drawdowns, less volatility, and yes less money at the end but you are hunting a rabbit with a jet fighter.

[@Andygb78]

If you have a long time horizon to invest, 10 years plus, then you should always go with stocks. I would always go with an index ETF for as long as I could afford to keep the money invested, as all stock markets rebound the following couple of years after a downturn and you reap the rewards of that. If you can afford to keep the money in the market then volatility and drawdowns don't matter.

[@casiowatchers7511]

Having a young family has made me re-evaluate my financial goals. I used to invest in the stock market etc, but now I care more about giving my children (and my wife) memories. We spend what some would consider stupid amount of money on holidays each year, but our children get more out of them than my talking to them about the ETFs I’ve bought. We have a lot of Premium Bonds and I’m not ruling out entering the stock market again, but what we spend on enjoying life means there’s not a great deal spare to be invested. My wife and I have public sector pensions that (fingers crossed) should be solid when we come to retire. All in all it’s a balancing act. If I lay on my deathbed and thought I’d not given my children everything I could during their childhood just because I focussed on investing and saving then I’d be angry at myself. I’d actually like to get some gold sovereigns as a storage wealth to pass to my children in the future and that’s where my focus is currently over the stock market.

[@aramispadilla]

Why trade or hold when you can start using Eledator? Copy trading make it easier

[@martinaston1715]

The first investor story highlighted a valuable lesson dont have a pot to piss in when u go , theres no rich men Hades ..

[@larsenb4803]

All very true, but for some people a lot easier said than done. My boss is a good example, everything that brought him wealth and status, all the hard work, long hours, frugality, investing, he can't change those ways. It's like an addiction, he can't take a step back and enjoy spending money.

[@curiousjoe395]

Is there a problem in maxing out ISA/pension in one go? I.e. start of the financial year. Are you more exposed as you’re not dollar cost averaging over the year? I assume it doesn’t matter if your investing horizon is 20 years.

[@adrianl5899]

I've seen 2 IFAs use a ballpark figure of 75% of the time the lump sum has beaten the drip feeding. I've also seen examples myself from established sources in the past which would lead me to feel fine thinking that's the odds in favour of lump sum is in line with that. That said, it can often be more about investor behaviour than anything else. A person who 'thinks' they would be fine not reacting to a 50% drop v one who has experienced it and did not react (by stopping further investment, selling out etc.) are different things. Hence, regardless of the odds, if it'll help someone stay the course then that has to be factored in, I would suggest. I suppose it's quite similar to the reason for having a bond allocation even when, statistics would suggest go full equity in the accumulation phase.

[@The_Unintelligent_Speculator]

Where can I get that T-Shirt?

[@TobyNewbatt]

I'll maybe make them available one day :) - im seeing a lot of interest!

[@russellpetrie119]

smds in bid situation what would you sell buy hold?

[@gregothy9190]

Glad to see someone's absolutely missed the point 🤣

[@russellpetrie119]

@@gregothy9190 thats the stock market for you not a lemming in site lol

[@matthewdodd7657]

I think you should invest in yourself first. Then what's left invest in a index fund.

[@TobyNewbatt]

I like this way of putting it Matt!

[@myroomismyoffice8733]

I spent three years traveling with my wife from age 35 to 38, traveling to SE Asia, Turkey, and Brazil. It was the best investment so far. I feel blessed I had the opportunity and still make money working online-not much, though, but enough to not let my bank account suffer too much. I didn't even invest money during this period.

[@kevh7941]

I'm in a bit of a dilemma myself. About to upgrade our family home which will eat away at spare cash for investing. Even if I could scrape together 200 quid per month to invest, it would be at the expense of family holidays. Nah don't think it's worth it tbh

[@superslip103]

It’s so funny. I was thinking of Ronald Reid this morning, wondering if he did enjoy his frugal lifestyle despite having $8m in the bank. I’m not sure, but it made me think that I actually would like balance of enjoying life now and investing for the future in the right balance. Great video as always Toby, keep it up!

[@TobyNewbatt]

I’m sure he was happy enough but it would have been nice to spend more of it with his family today in my view! What about all the experiences they could have done. Anyway, like you said it’s all about balance 😎

[@jillybe1873]

My grandchild's junior isa is part of my investment programme.

[@gadagaz]

As some American investing YT said..."why buy food when you can eat motivation?" This is my philosophy for investing 😂

[@TobyNewbatt]

stay hard!

[@philipashton1443]

Anyone can invest. But no one can predict the market. I track share prices and when the price is low I invest on red days.

[@declanmcardle]

I'd prefer to spend 400 today on something I really like (or a few bits of stuff) rather than putting it into some (1.08)^30 calculator to see if it's 2 grand when I'm 70 and just enjoy the thing now...however....one must be sure to do one's homework too...

[@lawrencer8673]

I know people who have said the same thing, they are a lot older now & regret the ways of thier younger self.

[@Thegamebible]

I personally think investing is easier when you have a second source of income, one income for live an one for investments, sometimes it’s harder said then done I know

[@Jeffybonbon]

I am a Landlord and in 1996 i read Rich dad poor dad I had some property and a bit of cash i i too a big risk to invest in BTL I hated my every day job and i knew at 37 years old i needed to plan long story short by the time i got to 40 I was making enough to leave my job I changed my life sold off the big house and did not buy flash cars I just stuck with BTL and it payed off I am now 66 and i have personal BTL and i own Company BTL and i am still growing the company for the simple reason i enjoy it and if i sold up took the profits and went to live on a beach i would not last long If you enjoy what you do its not work i play at being a property investor and i provide good homes and have some very long term customers so i think of it this way set yiur goal once you get there reward yourself i like cars and holidays and i spend But I dont spend everything I am hopeing on my death for the Company to become a Charity for the benefit of Dogs so having a lot of money can do so much good just as the chap you mention gave money to hospitals your given two hands one to help you feed yourself the other to give some one a hand up in life

[@doriangray6985]

BTL?

[@87vortex87]

You're using a lot of words to say: "I'm trying to solve the puzzel of optimizing life for happiness".

[@IAmebAdger]

It does deserve a lot of words to be fair

[@fiveplates]

A KZbin video has to be a certain length for it to monetize.

[@87vortex87]

I said this jokingly, don't take yourself to serious please, and me neither

[@vish6351]

I used the same figures & calculator online but have different results. Initial balance £300, 9% interest rate, £300 deposits monthly (end of the month not beginning), 30 year time frame. Mine: Future investment value: £553,642.22 Time weighted return: 1373.06% Your result: Future investment value: £514,929.11 Time weighted return: 1075.44% Big fan of the channel 😊 just want to understand why our results differed also new to all of this but watching your videos made me realise to go index funds long term over picking stocks. Learning a lot from the channel thanks😁👊🏽

[@kevh7941]

Closer to 6% when u factor in inflation bud 👍

[@vish6351]

​​@kevh7941 I'm not on about inflation. If you use the same figures as he's used you will not get the same result. I've tried changing the deposit period: monthly (£300), quarterly (£900), half yearly (£1800) and annually (£3600) plus I also did paying these deposits at the beginning and end of the following periods (meaning either start or end of the month, quater, half year and annually and I can't get the same figures. The initial balance, interest rate yearly, time period (30 years) are non variables the only variable in this is when you deposit additional funds and I've done all of them and non add up to tobys result. I may be being a huge idiot and missing something obvious but its bugging me and I really wanna know😂

[@TobyNewbatt]

The difference is the compounding period. Unfortunately by default it’s on monthly you have to turn it to annual to get my numbers 👍👍👍

[@vish6351]

​@TobyNewbatt ahhh I see now. Thanks😁👊🏽

[@33LB]

though given that time in the stock market generates more money over time, and investments generally grow faster than inflation, doesn't it make sense to be frugal today, and spend more tomorrow? i agree though that it's probably not right to try to have millions saved up for retirement.

[@rob_h_7]

I have more pairs of running trainers than I do ETFs