12 Small Financial Habits That Changed My Life!

[@MitchShoesmith]

Happy Sunday! Be sure to leave your tips in the comments! Also to get free fractional shares worth up to £100, you can open an account with Trading 212 through this link www.trading212.com/join/MITCH Or Use PROMO CODE “MITCH”. When investing, your capital is at risk. Terms and Conditions Apply. Thanks to Trading 212 for sponsoring this video.

[@mazzymaz6158]

When it comes to clothes especially those on sale, I ask myself "would I buy this at full price". If my answer is no I wouldn't, then it means I don't like it enough. If it's "yes I would" then I go ahead and make the purchase. This mindset has helped me a lot.

[@Oliverstihonn]

no one talk about secret books on nixorus, how much people live in trance lol

[@Marksonis]

goated books

[@imconfused1237]

Exercise is vital. For the last 1,500+ days I have completed a daily walk: initially 30mins but this last year 50mins. Not only does this benefit my physical health but removing myself from the distractions of the laptop also enables me to leverage a different cortex to solve abstract problems.

[@dansmif]

One trick I do is set all my bills to be the 1st of the month (the day after pay day). Then on that same day, I deduct my monthly spending budget from what's left, and then save/invest the rest.

[@RossHbn]

Another time for shopping is late in the evening. I often go after phys/the gym on Monday evening, plenty of yellow stickers and nobody in sight. Win win.

[@triggercky9928]

It makes me sad that especially at christmas that people get themselves in a huge amount of debt, then most people didnt need or want the gifts anyway.

[@mrwood4557]

Absolutely mental, that people get into debt. To buy gifts that end up binned. Spend what you can afford.

[@triggercky9928]

@mrwood4557 it's always the sad fact about trying to look at certain way to others isn't it. the same way people buy clothes. Cars, heck even holidays of a certain class they can't afford.

[@thedevilhimself8521]

This Xmas I’ve bought 1oz silver Britannia coins for many people. It’s an asset we should all have and when they do eventually cash the coins in, they’ll have gone up a lot in value… (approx 11% per year since I’ve been buying silver). This way I’m encouraging smart financial habits with cool gifts that can fit inside an envelope rather than wasting time wrapping gifts people don’t even want.

[@mjc8281]

The exercise daily thing interested me, I had something of a health scare early in the year(thankfully it turned out to be a false alarm). However at the time I challenged myself to walk at least 8 miles a day. I have been doing so every day since April, many of the things you mention earlier in the video are basically down to discipline. Now I have the confidence to discipline myself in other areas because I sent myself that fitness goal to start with and I followed through on it. Not only am I now fitter than I was I am spending less money because I am now much more disciplined in the rest of my life.

[@MakeItCount-55]

I do a simpler version of the 2 day rule. I simply "sleep on it". An old adage that still works, both for buying and selling ( when it comes to the stock market and Christmas :-) ). Enjoy the socks!

[@stEVEN_SMARTER]

Great advice to anyone serious about saving and investing 👏

[@tamarap1022]

Great video! Super insightful! Glad you mentioned exercise. In my opinion, I think exercising regularly creates healthier habits & attributes such as determination and resilience, which can certainly be transferred onto other key elements of life, such as finances 💪🏽.

[@58slewins31]

great tip, love your charity effort.

[@nickd1973]

Surprised you are not doing the grocery shopping online. I stick to a favourite list so no temptation of passing something in the shopping aisle that grabs my attention. There’s of course a delivery fee but I think it’s worth it for the petrol I save and the time I get back.

[@armuk]

probably tired of substitutions, poor quality of packed produce

[@myam_designs]

Gratitude ❤❤❤❤

[@babcockandbobbins]

I set myself a £50 monthly personal limit for all personal spending on hobbies which for me is hiking and vlogging those hikes. It would be so tempting to go out and buy all the latest gear but if I want something and have to save a few months for it, by the time i get there i quite often change my mind about it. I've wanted an apple watch for a while and after saving for 6 months I just got a version 8 - no point buying brand new tech, same go's for phones - I would never buy a brand new phone, plenty of good deals when you go 3 years old.

[@paulbutler1853]

Hi Mitch, trying to find book recommendations in the link but can’t find them any chance of posting them again at some point. Best regards, Paul Butler

[@joannacurran8475]

Just because something is past its best buy date does not mean it needs to be discarded. I shop at 2am, great, but I plan main meals at the shop to take advantage of any offers. I very rarely pay full price. Where I live food is expensive as most has to be imported but 1 supermarket has most things - if you buy 4 you get a discount which starts at 10% but can be quite a lot more.

[@keefo8957]

Hey Mitch, watched for ages, love the content, had to say, I call it a “cooling off period” makes me research items for bargains. After being laffed at ppl I know are now using the phrase, u. An have it for free👍🤣. Merry Xmas to you

[@Blackspur276]

I really don’t understand the reading financial books, Mitch. I feel like I can get more up to date information from your videos and other similar channels without having to read hours and hours of outdated books? Please help me understand 😅

[@ron5378]

People love telling other people that they read a book. Perceived flex that they believe makes them seem intelligent. I just ask AI websites to give me a summary of a book.

[@vScoobyDoox]

Is that the Shell garage in Lichfield? 😂

[@ThatInvestingChannel]

Some good points! I think the mindset to spend less, saving/invest monthly and find ways to increase your income can compound your wealth for years.

[@johneliss]

I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Miller for helping me achieve this

[@rahulraveendran9520]

Where's the book recommendations you mentioned?

[@paulbutler1853]

Hi I tried to find them cannot find them on the links

[@gadagaz]

Great video, where did you get the Trade212 jacket from? Are they into merchandising now as well? 😂

[@northside2southside12]

What’s your Palantir stock gains looking like…when you posted your stocks I remember your return was pretty avg but there’s been a spike…

[@rubywebster552]

Don't just invest in any random asset. Understand the asset and why it's worth investing in. You'd be surprised how little people know about their portfolio

[@donaldwilkerson9273]

very well said

[@rubywebster552]

Thank you

[@EzekielOluwafemiBabajide]

Please where are the list of books recommendations

[@tiffenberg]

I have a 440 day rule!😂 Been looking into a new storage device but still not bought it!

[@ErnestineAlice-u3y]

investment is key to success when you have the right person to manage it

[@HelenMiller-i2s]

i have had a lots of failed investment trying to do it by myself but now am set to have an expert to couch me on that anyone to help out

[@HenryHamilton-z2f]

@@HelenMiller-i2s I will encourage you to search for SophieKathrynJones. She has been my backbone.

[@JuneKim-w5h]

you know people downplay the role of advisors until being burnt by their own emotions.

[@MeredithCopeland-z4v]

She appears to be a true authority in her profession with over two decades of experience

[@DorthaRobertson]

I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon

[@baronvonhoughton]

That chart says receive an unwanted gift not buy one mate.

[@RosskoPeeko]

Yeah but someone had to buy it in the first place 😂

[@baronvonhoughton]

@RosskoPeeko Yah but he specifically attributes the purchase to gen Z 🤷‍♂️

[@brotherkith]

My problem is not being able to get myself to spend. I keep investing money instead of spending it. I wish I could spend more easily.

[@osamaali3210]

I can totally relate mate.. Challenge yourself to spend. You can set a goal to spend a certain amount each month on non-essential items and track your progress. This can shift your mindset and help you feel more at ease with spending.

[@brotherkith]

@@osamaali3210 I'm trying that in 2025!

[@TROZJAN]

You stopped doing monthly portfolio updates

[@beresd]

Gen zed...it's zed.

[@juniorhornet1323]

Online Tesco shop is your friend

[@Whizzer_]

Looks like you’ve lost some weight buddy! Good advice as always

[@midlifecarsis6420]

Who even goes the supermarket with the great unwashed in 2024? Ocado all day long.

[@richard9045]

Stop waving your hands!

[@jkly495]

he's keeping them warm. heating is off

[@motoworlddd]

@@jkly495😂

[@Andyfishing23]

@@jkly495😂tickled me that

[@Midland_Wolf_71]

Spends almost 15 minutes giving good but simply commonsense advice only to drop the MARRIAGE BOMB right at the end. NOTHING will educate more about money (or human nature for that matter) than marriage my friend, you've been warned.

[@viv3k.designs]

How can i contact you?

[@ojo5916]

£21.99 of LVMH with your code thank you 🙏