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!

[@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

[@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

[@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

[@fomo24..7]

I personally think the trouble with money is that, when you live on the bread line it can take over your life with worry. People need this daily advice me included, just to help create a happier chapter in your life and gain some confidence back, keep up the hard work helping people

[@TheHumblePenny]

I understand. Thank you for sharing.

[@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!!!

[@steppings5645]

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

[@inerit5175]

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

[@TheHumblePenny]

You're most welcome. Do share with others.

[@prolificlife1710]

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

[@TheHumblePenny]

Haha 😆

[@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]

💯

[@RhysMorgan2015]

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

[@TheHumblePenny]

Thank you, Rhys :)

[@SBAccountancyAndBookkeeping]

I agree wholeheartedly.

[@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

[@helennoble9587]

Always lived way below my means as im super tight which enabled me to clear 3 mortgages in 18 years but I worked stupid hours for years to clear it.. Sitting on savings not getting much return makes me deflated at the same time fearful to invest as a risk , I’ll kick the fear away soon

[@osasereodeh1317]

You are a blessing

[@TheHumblePenny]

😊🙏🏾🙏🏾. Please share with others.

[@osasereodeh1317]

@@TheHumblePenny I will certainly, thank you

[@SBAccountancyAndBookkeeping]

Agreed

[@FarTooPrecious]

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

[@TheHumblePenny]

Thanks for watching. Do share with others

[@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 😊

[@tamsinwood2]

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

[@TheHumblePenny]

😊❤️❤️

[@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! 👊🏾👊🏾

[@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! 🙏🏾

[@1stsummernites]

Thanks for talking about this - PAY OFF DEBT 1ST

[@TheHumblePenny]

💯. Always be paying off debts!

[@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.

[@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?

[@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.

[@lodersracing]

Great advice to progressively increase the amount you invest.

[@TheHumblePenny]

Thank you! :)

[@SBAccountancyAndBookkeeping]

I agree with every word you've said

[@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

[@samuelakeba9164]

Thanks a lot for this, I got great value!

[@TheHumblePenny]

Glad it was helpful!

[@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.

[@Themystergamerr]

Two of the best financial decisions I've made- investing and saving at least £383/month (maxing out both my Lifetime ISA and Help 2 Save accounts) 💪🏾

[@TheHumblePenny]

Come on! 🙌🏾

[@Themystergamerr]

@@TheHumblePenny thank you 😁

[@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 👍🏾

[@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

[@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]

👊🏾👊🏾

[@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.

[@abdulrahman31350]

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

[@TheHumblePenny]

Good move ✅️

[@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.

[@miriamhillman660]

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

[@TheHumblePenny]

Thank you, Miriam 😊

[@Kinng-d8b]

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

[@TheHumblePenny]

Glad it was helpful! Do share with others

[@issaextras6549]

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

[@TheHumblePenny]

Thank you 😊

[@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]

👊🏾

[@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 😊

[@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.

[@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 🙏🏾

[@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 🙏🏾 🤗

[@SBAccountancyAndBookkeeping]

This video is so inspiring and uplifting!

[@TheHumblePenny]

😊🙏🏾🙏🏾. Please share with others

[@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?

[@chidinmastephanie4384]

This was really helpful, no more am gonna!

[@TheHumblePenny]

Let's go!!! 💪🏾💪🏾

[@louisybelle]

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

[@TheHumblePenny]

😊🙏🏾🙏🏾

[@mohamedmerali3659]

Very informative and friendly advice…Thanks

[@TheHumblePenny]

Thank you, Mohamed 😊

[@HQ4575]

You could make a great teacher/lecturer

[@TheHumblePenny]

😊🙏🏾🙏🏾

[@WorldStateofMind]

Another great video!

[@TheHumblePenny]

Glad you enjoyed it!

[@seunogunsakin1589]

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

[@TheHumblePenny]

Thanks for sharing, Seun :)

[@jide5756]

I love this channel. So helpful. God bless.

[@TheHumblePenny]

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

[@stevewill253]

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

[@kurokaizen1889]

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

[@TheHumblePenny]

Yesss 🙏🏾🙏🏾. We appreciate you 😊

[@joealdred5615]

I can find the like button but can’t see the subscribe button. What am I missing?

[@clarenceishmael9615]

A masterclass! Thanks. 👏🏾👏🏾👏🏾

[@TheHumblePenny]

Thank you! :)

[@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

[@mercydarlington2103]

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

[@TheHumblePenny]

💯

[@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.

[@lisabedi2312]

Very empowering video in these uncertain times

[@TheHumblePenny]

Thank you 🙏🏾🙏🏾

[@Hammerhead1986]

Really enjoying your channel 👍

[@TheHumblePenny]

Fab 👌🏾

[@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.

[@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 😊

[@FrimprinceMusic]

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

[@TheHumblePenny]

😊🙏🏾🙏🏾

[@annemuyangana4894]

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

[@TheHumblePenny]

🙌🏾🙌🏾

[@megs3684]

Great advice thank you - this is hitting home personally!

[@TheHumblePenny]

Good to hear. Please share with others 🙏🏾

[@XORTION]

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

[@TheHumblePenny]

NICE!

[@laurieproctor3572]

Great video! How do you prioritise investing over paying down a mortgage for example. Like you say, paying off existing debt is a guaranteed return. Secondly, investing. Do you recommend any platforms to start? In this day and age, the concern is having too many things in too many places to keep track of it. Lastly, how do you balance being financially mature (whilst trying not to become consumed by it) and “you only live once”, to enjoy your money.

[@dorcashenderson6630]

Thanks 🎉

[@TheHumblePenny]

You're welcome.

[@paulgray9989]

I’m gonna!! Is so true!!

[@frankw9836]

I am 60 and basically fucked! I have no debt but also no house ( renting) 3k in the bank and £5k in cash at home .....that's it

[@TheHumblePenny]

Hi Frank, sorry to hear that. Are you able to share a bit more about your story? Background? What's led you here? Thanks.

[@jamieshoruna8574]

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

[@TheHumblePenny]

😆

[@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! 🫶🏾🫶🏾

[@TaiwoTheProducer]

Just discovered you! Glad I did.

[@TheHumblePenny]

Yay! 🙌🏾

[@ikaw41]

Thank you 🙏

[@TheHumblePenny]

You're welcome 😊

[@solverf2714]

This is a very good video

[@solverf2714]

Invest the 5k into a digital business venture

[@salamatogunrinola3931]

Hi Ken, thanks for this video. Would you consider post-graduate student loan an expensive debt, bear in mind the monthly payments taken before tax?

[@TheHumblePenny]

I think the better question is about your expectations of your future earnings. Do you think you'll become or remain a mid to high-income earner in the future? If so, I'd pay off the student loan.

[@lifeis4living_]

Thanks.

[@TheHumblePenny]

You're welcome

[@reduitman]

Great advice 👏🏽👏🏽👏🏽

[@TheHumblePenny]

Thank you 😊. Please share with others

[@Sherry78]

Would you pay off a student debt if you don't earn the threshold amount? They won't write it off until I'm 65!

[@TheHumblePenny]

If I earn below the threshold amount, I won't pay it off.

[@Sherry78]

@TheHumblePenny thank you. Im just worried when I see the interest accruing on my statements.

[@mohammedasaria01]

Can you please share other books that you can suggest from your library that you found helpful? Thanks

[@TheHumblePenny]

More here: thehumblepenny.com/books-i-love

[@ibeenyurning]

Great video 👍 I would be interested in what you make of the UK personal finance flowchart.

[@TheHumblePenny]

Thanks for watching :). Do share with others. About the flow chart, I generally don't look at stuff like that. However, having looked at it since you asked, the fact that goal setting is left to Stages 6, 7, and 8 is not what I'd recommend. In addition, it's too logic focused and does nothing about underlying behaviours that drive certain outcomes.

[@ibeenyurning]

Thanks for the response. Appreciate the work you do, it's thanks to this channel that I started my investment journey last year.

[@TheHumblePenny]

Beautiful 😊. Your progress keeps us motivated ❤️

[@kevensimpson5105]

Nice video ❤

[@TheHumblePenny]

Thank you, Keven!

[@ficuslyratatrees7220]

you hit!!!

[@TheHumblePenny]

😊🙏🏾🙏🏾

[@chidikeasonye4950]

Hi Ken, great content as always. Do you mind sharing some helpful tips on how to invest/save money for kids? Thanks.

[@TheHumblePenny]

Thanks. Please watch this kzbin.info/www/bejne/n6TUkGWqrJujmrM

[@thindo]

Sounds like you had that 2 O'clock meeting

[@TheHumblePenny]

Haha 😄. I speak from experience always

[@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.

[@tinad721]

Please cover how we can benefit from side hussle and taxes.

[@SBAccountancyAndBookkeeping]

I'm glad to find someone who shares my perspective. I agree with you completely.

[@tinad721]

@@SBAccountancyAndBookkeeping thank you so much. To have £5k but knowing the taxes are applied is scary. I have exhausted free ISA S&S, £500 in saving interest, pension and now just stuck wondering what next? It is hurtful to be truly knowing the struggle but the taxman will eat it away @humblepenny please please some guidance 🙏🙏🙏🙏🙏

[@_J4CK4L_]

Great video, I love the effort in preparing and structuring thought in a progressive manner, well done.

[@TheHumblePenny]

Thank you 😊

[@aboutthatlife1418]

This is great advice. Can I ask if you think you should try and clear off your student loan before investing? I am worried that even if I pay off some of the debt it won't make a dent in my overall balance. But if I invest, then I might be able to clear of my debts?

[@TheHumblePenny]

You don't need to clear the student loan before investing. However, it depends. How much is your student loan? How much roughly do you earn now?

[@aboutthatlife1418]

@@TheHumblePenny I was very shocked to find out that after graduating in 2012, I've only cleared just over £4,000 from a 24,000 loan. What they don't tell you is the loan interest rate is variable based on the bank of England and it's compound interest. I earn a decent wage but paying over £200 a month is soul destroying when I know it's not going to make a difference to this debt im in is frustrating

[@iniester6724]

Vanquis bank have 5% 1 year fixed rate bond, is that good?

[@TheHumblePenny]

It's better than 0% in a current account and helps to reduce the effect of inflation.

[@marcionhazbalde7513]

Great video from the great MAN thanks Ken

[@TheHumblePenny]

👊🏾

[@tinad721]

Ken this is a big topic on its own. Will watch the video on lude insurance. I failed to understand hiw it works and notet someone who can break it down. Now fear of failure - anxiety of not having because I bave struggled. The side hussle is good but Ken how do you balance the tax id you already pay higher tax? You are awesome 👍

[@EstherOnyegbula_]

I have a question Can a person on tier 2 visa start up an online business in UK?

[@TheHumblePenny]

I believe so! Here is what the government site says: With a Skilled Worker visa you can: work in an eligible job study bring your partner and children with you as your ‘dependants’, if they’re eligible take on additional work in certain circumstances do voluntary work travel abroad and return to the UK apply to settle permanently in the UK (also known as ‘indefinite leave to remain’) if you’ve lived in the UK for 5 years and meet the other eligibility requirements You cannot: apply for most benefits (public funds), or the State Pension change jobs or employer unless you apply to update your visa NOTE: It does not say that you cannot start your own business. Feel free to call the Home Office and ask them. You don't need to give them your personal information in order to get an answer to this.

[@kurokaizen1889]

For the algo🇯🇲🙌🏾

[@TheHumblePenny]

👊🏾

[@paulo7507]

I needed this, im a single man in his early 30's, the only debt I have is my mortgage, I have 4 months emergency fund stashed away in a fixed saving accounts. I've saved up and another £2000, not too sure whether I should use this to pay extra towards my mortgage or possibly use it to learn a new skill? I work as a software engineer but I dont feel like I want to really invest my free time into learning more about software development, ive done that in my early career and quickly got burn out. Maybe I should look at the college near me and see what evening courses they have or possibly have a look at some online courses on Udemy and see if theres anything that tickles my fancy that I could purse on the side. What would you guys suggest? I feel like doing something with my hands, I have tried a little bit of carpentry and enjoyed it. But I would definitely use £5000 to invest in myself and learn a new skill that I could monetize

[@TheHumblePenny]

Great progress, Paul!! I won't put that extra money in your mortgage. Using it to learn a new skill. And do it online. I REALLY like your Carpentry idea. Why? You can use it to build for others AND you can make A LOT of money online teaching Carpentry.

[@paulo7507]

@@TheHumblePenny thank you for the feedback much appreciated

[@TheHumblePenny]

🙏🏾🙏🏾

[@smann7236]

How much deposit did you put down? What is your monthly mortgage?

[@paulo7507]

@@smann7236 bought house for £158,000 put down approx £24,000 leaving a mortgage of £134,000. Balance is now approx £126,000, repayment is approx £735 fixed until November 2026.

[@vitaliirotar6603]

Like!

[@TheHumblePenny]

👊🏾

[@Banthah]

I think if you have credit card debt of £5k, and yet have £5k sat in the bank, and you don’t have the good sense to pay the card off, then you deserve to be poor…

[@TheHumblePenny]

Ouch! I hear where you're coming from. But we have to be more graceful to others as some things aren't so obvious.

[@chinonye2]

That’s quite harsh Chris. We all learn every day, including the most intelligent people. Being empathetic and showing compassion and kindness goes a long way

[@clipsyosei5353]

THANKS VERY MUCH 😊

[@TheHumblePenny]

You're welcome 😊