If You Have £5000 In The Bank DO THESE 5 Things

[@TheHumblePenny]

Which of these 5 areas would you invest £5000 in? Comment below :)

[@andyelizabeth5832]

High risk 😊

[@agbedesamueld]

Investing in life long education!

[@Bond2025]

Don't pay off uk student loans early, ever. You lose out long term in tax . Do the calculations and see you will only pay part of the loan back over a number of years.

[@mercury5316]

Your video was not good it was like it was aimed at 10 year olds.

[@noxyglow2363]

Following this brother for 2yrs I have been able to sort my credit score and 4 months ago I got my first property. He is very realistic about todays living

[@TheHumblePenny]

Thank you 😊🙏🏾🙏🏾

[@kingsleyokereafor7293]

Hey ma how did you get your property can we have a chat

[@SammyNdlovu1212]

Do l have a chance though if l have a late/missed payment on my record. I would love to buy a second property in 2years

[@sadebakare3470]

He truly is. Well done Ben and Mary

[@smann7236]

Best part of video is don't let your employer have that power over you..and always educate yourself in your own time....

[@TheHumblePenny]

Thanks for watching

[@michellea9857]

For your realness, vulnerability, passion and for being a good role model especially for British POC who really need it, you have another subscriber.

[@TheHumblePenny]

Thank you, Michelle 🙏🏾🙏🏾

[@richjohn11]

​@@TheHumblePenny Ken, as a 60 plus year old Irishman I thank you for your wonderful advice and openness to a world that is a mystery to me. So much of what you said in your video made so much sense and I really believe that society and businesses treat us all like human batteries, to be discarded at the end of our useful life. The future is indeed portfolio work and so many jobs will simply disappear, or be automated. My respect to Mary and yourself

[@jonathanbarton1062]

same

[@lindy22]

I'm glad I've come across this video. I'm at the beginning of saving and investing at the age 55😮

[@skyabovelimits6106]

You're an inspiration. I'm 41 and sometimes feel like I started late, because my wife and I only started actively investing less than 3 months ago with just £100 a month. Let's do it!!

[@andrewamidala]

I am so stuck, I am finally completely debt free with some money in the bank. Perfect credit score and hate my job. I have no idea of what to do, as so frightened of making a mistake. Took me 20 years to get here!!!

[@randomvideos7309]

Try to minimise yr spending so you can work less hours in your current position till you find another one you like.

[@rogerwilliams6798]

Me too! Same thing😮

[@zachstar244]

Same here. I don't know how or where to invest.

[@Kantz1]

The sensible steps are: 1. Get out of credit card debt like right now. 2. Straighten out your life plan, so you don’t build up credit card debts in future-there are some steps to consider here too, including cutting your cravings… 3. Invest in your skills so you can get a better paying job to gather some real savings. 4. Get that better paying job, and consciously decide to save -a lot. 5. Now you have no debt but you have some fair grand to hand. Break up that saving-I mean don’t invest everything in one place at the same time. Do some reaserarch and start investing just a small part of your money but keep building that savings account. 6. When you start to invest, start with government-based investments like bonds and gilts. The govt is not highly likely to go bust overnight, so you have some level of confidence. 7. Keep learning how to invest very gradually. As you get wiser, start to extend your investment reach.

[@irene4770]

​@@Kantz1❤❤❤...thank you for this advice

[@prolificlife1710]

Someone woke up with blazing passion today. I felt that! 100%

[@TheHumblePenny]

Haha 😆

[@dna6647]

I follow a lot of personal finance channels and I think this guy is the best person at breaking it down and explaining. Brilliant

[@TheHumblePenny]

Thanks a lot! 😊🙏🏾. Please share with others

[@saintjon8538]

Makes perfect sense, I have 7k in savings and 3k on credit cards which am paying 35% interest on, its a no brainer to pay off the Credit card.. Thanks!!

[@TheHumblePenny]

Good stuff!

[@Adetokunbo-f]

I invested in myself by buying equipment to start a business

[@TheHumblePenny]

This is good.

[@snapdragon2441]

The best thing I ever did for my finances, and I was fairly good at budgeting anyway, was to set up sinking funds. I use Kroo as I can have as many pots as I like, all of which get interest. I have pots for car, holidays, vets bills, medical, DIY house maintenance, insurance and many more. This is separate from my emergency fund. Sinking funds are meant to be spent, usually on annual or irregular expenses, I save a little each month into each.

[@rimini201]

Hey, what is a sinking fund?

[@chinonye2]

Great advice about that single income. Being comfortable with an employer also doesn’t help with being proactive about creating a side hustle . Thanks for the reminder

[@TheHumblePenny]

You're welcome 😊

[@smeg82]

Very helpful, especially the fear of failure part as it's a battle with our internal selves we all have.

[@TheHumblePenny]

💯

[@snapdragon2441]

You are the only investment expert I have watched who told me I am my biggest asset and to invest in myself, brilliant insight.

[@TheHumblePenny]

Thank you!

[@RhysMorgan2015]

A lot of passion and heartfelt experiences in this video. Thank you Ken.

[@TheHumblePenny]

Thank you, Rhys :)

[@SBAccountancyAndBookkeeping]

I agree wholeheartedly.

[@askask5259]

I've learned so much in just 24 minutes. Thank you!

[@TheHumblePenny]

Amazing 🙌🏾. Share this with others

[@1stsummernites]

Thanks for talking about this - PAY OFF DEBT 1ST

[@TheHumblePenny]

💯. Always be paying off debts!

[@tennistron588]

I love your videos brother, no-nonsense straight up practical talk about ultimately having the correct mindset. The things you say about overcoming that fear of failure is so true. I have been self-employed most of my life and for better or worse it was the best decision ever. Definitely teaches you to grow a pair, have discipline and not to rely on anyone to pull you up. Keep rocking!

[@TheHumblePenny]

You get it! 👊🏾👊🏾

[@Chrissybabe629]

That's it, I'm looking for a bakery course to perfect cake decorations. I can make and love baking but just can't perfect decorating. And it's been on my mind. I'm a nurse currently at @ a senior level but the tax bracket is hitting hard. No debit except mortgage that i has it max out with overpayment. I can could easily clear in less than 5 years.

[@osasereodeh1317]

You are a blessing

[@TheHumblePenny]

😊🙏🏾🙏🏾. Please share with others.

[@osasereodeh1317]

@@TheHumblePenny I will certainly, thank you

[@SBAccountancyAndBookkeeping]

Agreed

[@cameronwilkes6392]

i've just come across your channel all i can say is its brilliant this resonates thank you for your insight

[@TheHumblePenny]

Hi Cameron, thank you 😊. Please share with others.

[@tamsinwood2]

I am a long time subscriber! Showing you lots of love.

[@TheHumblePenny]

😊❤️❤️

[@brendaok4245]

1st time watching and I've already subscribed 😉

[@TheHumblePenny]

😊👊🏾

[@Eliz-ak]

Ken really poured his heart out in this video. Well done Brother. Thank you for always sharing.

[@TheHumblePenny]

😊❤️🙏🏾

[@EngeeMartins3352]

As always an excellent video. Thanks so much to you and Mary. I have and continue to share your videos to everyone i know.

[@TheHumblePenny]

Ngozi, dalu! 🙏🏾

[@theformula8993]

This is really really good advice in this video. I would invest most in a global index tracker. Plus I would invest in my education on investing and buy a few books.

[@TheHumblePenny]

Thank you 😊🙏🏾🙏🏾. I appreciate you adding to this video. Kind share with others.

[@dreamteamtutoring]

Are there any books specific books you would recommend?

[@ficuslyratatrees7220]

I love you and Mary. Wish I had this advice when I was your age, so you are doing great work. But I'm in my 40s. Wish there was such easy advice for ppl my age. Mainstream advice would put me in my 80s before this sort of strategy comes to fruition. Great advice for the young, and good advice for the oldish 👍

[@TheHumblePenny]

Thank you 🙏🏾🙏🏾. Please share with others.

[@patriciakasenge9927]

That fear part , speaks to me 😢 Thank you so much for this information , I'm really motivated.

[@TheHumblePenny]

You're welcome. Do share with others

[@darksaintcj]

Thank you sir for being a voice that helps me consider making descisions in pushing me forward and breaking out of this fear of failing mentality that has plagued me my whole life. Liked, Subbed, ding ding ding!

[@TheHumblePenny]

👊🏾👊🏾

[@louise3507]

Oh wow what another great video. 👍 this was very powerful. I have just been getting nuggets from your videos and blogs. I know my networth, got my emergency fund, worked out my retirement plan, my expenses and liabilities. My gap was the investing side, fees, tax, ISA,,. This is my uncertainty I need to go over your videos on these. Then take action 🎬 just do it. I had week off work I am blown by how much I have learnt just from your blog website and I posted questions on there. From your you tube video's. I just got a mental block on taxes fees and investing. I will go over video's again. I just have to take my time to learn. Its exciting material content you post. Thank you. 😊

[@TheHumblePenny]

Our blog is a bit of a secret 😉. Thank you for watching here and also reading our blog. I absolutely love writing there. Plus, it has more there than our KZbin channel. Here is the link for anyone interested: thehumblepenny.com

[@fi8170]

This video really spoke to me and I’ve signed up for an AI future proof course I’ve been oooing and aaahing about. Thank you Humble Penny for giving that push

[@michealadeleye7476]

4:51 in and I’ve subscribed. At first I was very hesitant and expected you to in some way or form promote credit cards. But your instructions so far really match Dave Ramsey’s baby steps so I’m all for it.

[@TheHumblePenny]

👊🏾

[@inerit5175]

Every point is VALID!!!! Thank you so much!

[@TheHumblePenny]

You're most welcome. Do share with others.

[@Kinng-d8b]

Great advice. Really appteciated this video. Keep it up 💯👍

[@TheHumblePenny]

Glad it was helpful! Do share with others

[@stevejames6982]

Great video....first time I've come across you this evening and I will be watching more....very informative and straight to the point....no b/s....the fear of failure is a key issue I think for a lot ppl,which can be the difference between doing and not doing and as you know you have to do to stand any chance of accomplishing what you desire

[@TheHumblePenny]

Thanks for watching 👊🏾

[@goodebenin8199]

Great video. Best part for me personally was about investing in knowledge. There’s always room for learning and development

[@TheHumblePenny]

💯

[@Stylerelativity]

👏🏾 🎉So much gems in this video ! Thank you for sharing with us. I am using the last 3 months of this year 2024 to transform my financial lifestyle. New subbie and I will be sure to like every video 👍🏾

[@TheHumblePenny]

Awww, thanks so much 😊🫶🏾

[@olliepowell6011]

Another great video Ken. I would pay off some of my mortgage, and also I would book a course a course for working on my house (I have just booked a plastering course)

[@TheHumblePenny]

Fab! I like the idea of a plastering course. You can make good money with that learning.

[@babblebabylonian7815]

Wow I really like the 4th point. Confidence goes a long way and getting experience to help overcome the fear, is priceless.

[@TheHumblePenny]

Thank you! Good to hear the 4th point hit for you 👍🏾

[@bogstandardash3751]

You are the content creator ive been looking for. Man on the street financial advice for the average brit. Keep it up.

[@TheHumblePenny]

🫶🏾🫶🏾. Please share with others 🙏🏾

[@issaextras6549]

Very passionate Ken. Thank you. So direct and so necessary.

[@TheHumblePenny]

Thank you 😊

[@miriamhillman660]

Power presentation. Really hit the core of personal financial management and personal growth. I hit the subscribe button 😊

[@TheHumblePenny]

Thank you, Miriam 😊

[@lodersracing]

Great advice to progressively increase the amount you invest.

[@TheHumblePenny]

Thank you! :)

[@SBAccountancyAndBookkeeping]

I agree with every word you've said

[@valritajones4044]

Fantastic video, very motivational. Thank you so much. I am intending to grow my business, there is a lot of ground work to do, but you have encouraged me not to be fearful.😊

[@TheHumblePenny]

Come on! 🙌🏾. If you need Coaching. Accountability, Community and the Support of like minded individuals (including us) and Courses and Masterclasses to guide you, join Financial Joy Academy FinancialJoyAcademy.com Hopefully, see you inside FJA, Dream Maker 😊

[@mohamedmerali3659]

Very informative and friendly advice…Thanks

[@TheHumblePenny]

Thank you, Mohamed 😊

[@stevewill253]

Great part in the vid about fear keep up the good work

[@uhwey9371]

Thank you so much for this useful information. With my £5000 I will be paying off my debit immediately.

[@TheHumblePenny]

Good move!

[@feliciaflinders]

❤❤❤ great video It all makes sense. Next task is to take action. Thanks for sharing your knowledge and experience 🙏

[@TheHumblePenny]

You're most welcome, Felicia 😊

[@michealadeleye7476]

Just finished the video, and I’m happy I subscribed. This video was filled with so much value, I’m grateful for content creators like you.

[@chrismadu3419]

Humble penny Thank you so much because you kinda open my eyes. I have credit card debts of 8000dollars and a student loan of 5000 dollars. Another thing that is weighty on me now is that we live in a two-bedroom apartment with three kids. My wife wants us to buy a house because the kids are growing up and need more space to play around. Well, I have some money saved up however, I'm the only one working now, my wife is a stay-at-home mom by default. I want to know if should pay off all my debts first before thinking of a house? This is stressing me out. I need your honest advice. Thank you in the anticipation of understanding .

[@TheHumblePenny]

Hi Chris, thanks for sharing. 3 things: 1) if you have savings, keep a bit for emergency and immediately pay off your credit card debt, 2) your student loans of 5k isn't that much. If you can and want to, pay it off. 3) Only buy a house if you can afford to. This is critical. Where you buy and how much you borrow matters a lot too. Finally, encourage your wife to work or work from home. There are lots of remote jobs or business ideas. This will boost household income and remove a lot of the pressure from you.

[@SBAccountancyAndBookkeeping]

This video is so inspiring and uplifting!

[@TheHumblePenny]

😊🙏🏾🙏🏾. Please share with others

[@akshay8195]

Please do a video on what you would do with £150,000 of savings for someone who has no debt, is in there late 20s and looking to buy there first property outside of London.

[@TheHumblePenny]

What's the challenge you're having? We've made 2 videos recently. 1) 10 Best Places To Buy Outside of London. 2) Power of Investing £100k Have you seen these?

[@avancalledrupert5130]

Because your already rich just go buy your house

[@cherylwilkinson92]

Thanks so much for this video. It's inspired me to take action, about safeguarding my assets and rethinking my reliance on s single income. I really enjoy my job and I have a great employer and am blessed with a great manager! Thank God 🙏🏽 but I realised this has made me complacent and Risk averse to keep trying new things. Thanks for the reality check.

[@TheHumblePenny]

You're most welcome 🙏🏾 🤗

[@derrick4141]

Great video Ken once again Thank You! Already on the path to create multiple streams but sometimes it doesn't work! However I want give up, I just know what will not work and I move on!

[@TheHumblePenny]

Hey Derrick! Thanks for sharing 😀. What ideas have you explored?

[@muhammadzahidchohan5962]

Great information and incentive I would like to start but where to invest to begin with?

[@chiicc85]

Hi, thank you for the great info . I’m new here, and point 3 resonated with me. Do you have a video for investing for beginners.. like step by step basic stater level pls? 🙈😂

[@msa7719]

yes you spoke to me. I am glad I found you right here. Thanks for the food for thought, I have to take notes to think about what are the best moves to make for the future

[@louisybelle]

Thank you for this video. God bless you with more wonderful ideas 🎉

[@TheHumblePenny]

😊🙏🏾🙏🏾

[@desidesigning]

Truly exceptional 👏

[@TheHumblePenny]

👊🏾

[@abdulrahman31350]

I would split it between an snp500 tracker, a ftse100 tracker, a divdend fund and a global tracker

[@TheHumblePenny]

Good move ✅️

[@HQ4575]

You could make a great teacher/lecturer

[@TheHumblePenny]

😊🙏🏾🙏🏾

[@FarTooPrecious]

You are 100% right... Some things are not obvious to all. We appreciate that sensitivity.

[@TheHumblePenny]

Thanks for watching. Do share with others

[@andyelizabeth5832]

So I'm 60 plus in years and have an interest trying to invest. Unfortunately trust is a big big issue. I've watched several of your edits and found your advice sincere, please continue and thanks, bless

[@TheHumblePenny]

Thank you, Andy 🙏🏾. I appreciate you. Please share more about the trust issue with investing. I want to see how I can help.

[@JoanaTagoe]

​@TheHumblePenny how can one protect assets with trust?

[@jide5756]

I love this channel. So helpful. God bless.

[@TheHumblePenny]

You're so welcome. God bless you too, Jide 🙏🏾

[@clarenceishmael9615]

A masterclass! Thanks. 👏🏾👏🏾👏🏾

[@TheHumblePenny]

Thank you! :)

[@kurokaizen1889]

Grear advice. I'm now subscribed. Thank you for creating this channel👏🏾🇯🇲

[@TheHumblePenny]

Yesss 🙏🏾🙏🏾. We appreciate you 😊

[@stellahanzaklewis1768]

I don’t want to be fearful as it may have held me back from my potential-looking to be brave (hopefully smart) and move away from London to be mortgage free in the next 12 months-hopefully it will give me more say in work/life balance, protect my health, spend more time with my family and look outside the day job

[@seunogunsakin1589]

Really great video Ken. I'd invest it in paying off my student loan and a Saas

[@TheHumblePenny]

Thanks for sharing, Seun :)

[@Hammerhead1986]

Really enjoying your channel 👍

[@TheHumblePenny]

Fab 👌🏾

[@bobizes5058]

*PROVIDENCE & GRATITUDE*

[@mercydarlington2103]

So helpful. Thank you bro…. Got to let the FoF go.

[@TheHumblePenny]

💯

[@lisabedi2312]

Very empowering video in these uncertain times

[@TheHumblePenny]

Thank you 🙏🏾🙏🏾

[@chidinmastephanie4384]

This was really helpful, no more am gonna!

[@TheHumblePenny]

Let's go!!! 💪🏾💪🏾

[@justgidz]

You've really hit the nail on the head, Mr. Ken. I really hope I can do what you’ve said. I've got a decent amount in my LISA so hopefully one day it will all be worth it. Thank you 👊🏾

[@TheHumblePenny]

👊🏾

[@GetBareBeforeGod]

Thank you, Great video

[@TheHumblePenny]

You're welcome. Please share with others

[@jamieshoruna8574]

his facial expression when discussing "i'm gonna" had me chuckling

[@TheHumblePenny]

😆

[@FrimprinceMusic]

You really hit the core message in this video, thanks for sharing

[@TheHumblePenny]

😊🙏🏾🙏🏾

[@XORTION]

I had it in nvidia and closed the trade @141% 👍

[@TheHumblePenny]

NICE!

[@ifeoflondon]

Please does closing a credit card account affect credit score. I have 2 and I just want to have one.

[@TheHumblePenny]

Keep the one you've had the longest. Closing one shouldn't negatively impact you if you close it with a zero balance.

[@ifeoflondon]

@@TheHumblePennythank you very much

[@annemuyangana4894]

Like before I watch because I know this will be quality 👍🏽thank you

[@TheHumblePenny]

🙌🏾🙌🏾

[@steppings5645]

"Im gonna" eventually becomes "shoulda woulda coulda" with complimentary regrets!

[@TheHumblePenny]

💯

[@antoniaizuebe7228]

Thank you

[@TheHumblePenny]

You're welcome

[@dorcashenderson6630]

Thanks 🎉

[@TheHumblePenny]

You're welcome.

[@saidou1988]

Very interesting channel, you got another subscriber

[@TheHumblePenny]

Awesome, thank you!

[@megs3684]

Great advice thank you - this is hitting home personally!

[@TheHumblePenny]

Good to hear. Please share with others 🙏🏾

[@paulgray9989]

I’m gonna!! Is so true!!

[@gillianclayton]

It blows my mind that a person may have saved 5k while actively NOT paying their monthly cc bill. Surely those people don't really exist.

[@TheHumblePenny]

Oh yes, they do.

[@David-qt3tf]

They do… I was one of them 😅

[@Monkey_slapping_keys]

Barclays do an instant access rainy day saver if you have the blue rewards. It just works.

[@TheHumblePenny]

Great! I hear this. Thanks for sharing.

[@tamisajohn-baptiste6090]

Can you do a basic guide of actually how to invest in a target date invest fund...i.e what you actually do i.e join vanguard etc etc ...l want to invest in a target date index fund but dont know where to go to

[@ikaw41]

Thank you 🙏

[@TheHumblePenny]

You're welcome 😊

[@victoriashields7355]

And would you also use the £5k off your mortgage for example before any investing?

[@TheHumblePenny]

Yes, if you want a guaranteed return. Especially if you're on a higher mortgage rate. But this isn't a one size fits all as I don't know your other personal circumstances.

[@WorldStateofMind]

Another great video!

[@TheHumblePenny]

Glad you enjoyed it!

[@boostmeup]

THIS is your best video . amazing

[@TheHumblePenny]

Thank you! 😊. What did you love about this video?

[@boostmeup]

@@TheHumblePenny I love the personal story about the importance of insurance. and how you dont fear to ask question to hold ourselves to account . especially the one about who told you is was okay to just earn from your employer? It made me question myself and my fears and view things differently. I have immediately following the video made a career plan for additional income beside my employment and passive income. Side hustles here we come!

[@TheHumblePenny]

WOW! 🫶🏾🫶🏾

[@chooga4eva]

Excellent advice packed with forward-thinking advice. I’ve been on a similar journey of transcending ordinary knowledge and planning for a good future by God’s will.

[@TheHumblePenny]

Amen to that! Thank you 😊

[@samuelakeba9164]

Thanks a lot for this, I got great value!

[@TheHumblePenny]

Glad it was helpful!

[@michealadeleye7476]

Do you have videos on debt free house buying?

[@evelynagba6354]

Wow, some good home truths. Really appreciate the message of this video. In answer to your question what would I invest my £5000 in? I will invest it in gaining knowledge and generating more income.

[@TheHumblePenny]

You're welcome, Evelyn 😊. Good move on investing 5k

[@TaiwoTheProducer]

Just discovered you! Glad I did.

[@TheHumblePenny]

Yay! 🙌🏾

[@margaretdigitalbestie]

Please, I did my life insurance in Natwest AIG, where to go and get it in the trust.

[@TheHumblePenny]

Ask Natwest AIG to do it for you. It's free.

[@margaretdigitalbestie]

@@TheHumblePenny Thank you so much.

[@lifeis4living_]

Thanks.

[@TheHumblePenny]

You're welcome