No Savings at 40+? RETIRE in 10 Years by INVESTING £500 Monthly (Tax-Free!)

[@TheHumblePenny]

Subscribe for more. Here are 4 links to the videos I referenced and a link to work with me 121: 👉🏽Lower Cost of Living Places to Retire Globally - kzbin.info/www/bejne/b5rFoqp7i9N6sLc 👉🏽Invest THIS In An ISA To Make £2,000 Per Month Passive Income (Tax-Free) - kzbin.info/www/bejne/q5qtpGyQd9GEorcsi=o5M2z67llrODP0DS 👉🏽If You Have £5,000 In The Bank, Do These 5 Things - kzbin.info/www/bejne/eZzHoqNtjNuXnLs 👉🏾 Funds that could make 8% returns per year - kzbin.info/www/bejne/eni6lYOPrt6fnsUsi=3L5sKiYZzbVch2yZ (for research and education only. Not financial advice) ✅ Feel free to book a 121 coaching session if you need help with investing, planning your financial freedom, etc. Book a 'Power Hour' or 'Financial Freedom Coaching' - thehumblepenny.com/coaching

[@Djgcn2]

💎 Love your content, Ken! You and Mary have been amazing! My wife and I have been watching your videos for over 3 years and just wanted to stop by to say thanks for everything. Keep it going. You deserve all the success 🎉

[@TheHumblePenny]

This means a lot. Love to you, both ❤️

[@ngozinwafor2022]

You guys are such a blessing. Going to devour this video later. Because of you guys I have been so serious with my pension now..God bless you.

[@TheHumblePenny]

God bless 🙏🏾. Share this video with others.

[@Whalewraith]

If you have no savings it's unlikely you have £500 a month to invest.

[@TheHumblePenny]

Yes and No. Some people who choose to can make a change to their spending habits if they can see how it will benefit them long term.

[@itechuknet]

I know people that have cut back so much and saved £750 a month.. only for cost of living increases and rent.. so basically saving only £100 a month now.. wages haven’t increased only 2%.. retirement is just a dream

[@Uncle_Ash]

This sort of mindset won’t get you anywhere , if you are watching these vids you should be thinking of changing perspective and the price you have to pay

[@Larryjazzy271]

​@TheHumblePenny is trying to change your mindset and let you know what is possible!!!! It's achievable if you believe it!

[@dlc2479]

Plus 100k isn't enough to retire

[@nj_owuamanam3278]

💎 Thanks @TheHumblePenny for your great work here. I'm just starting out on this ISA journey. I'm hoping to watch as many of your videos as I can for help. God bless you.

[@TheHumblePenny]

You're welcome. Stay encouraged. God bless you, too.

[@Chrisugo]

How does one even start investing in the snp 500 ? Is it an app or what ? Some of us really don't know .

[@TheHumblePenny]

Watch this. kzbin.info/www/bejne/nKi7k3yEdqaFiK8si=Brem2g9PCA8LmFdw . In addition, Feel free to book a 121 'Power Hour' or 'Financial Freedom Coaching' with me if you want via this link. People usually book them if they want guidance with investing, personalised strategy for Financial Freedom, etc thehumblepenny.com/coaching

[@andymcall1986]

Start by understanding how fees work and how Vanguard isn't the best place to for new investors anymore. Then pick a provider to go with, and buy an index fund you're comfortable with. Good luck!

[@eddiebirch2067]

Just go to any s and p provider, eg vanguard , is still OK even with charges , just make a start

[@eddiebirch2067]

🎉❤

[@Chrisugo]

@@andymcall1986 How do I understand that? Google, book or ?

[@mjhhoward91]

I’ve got a 90k in my pension pot and I’m adding 960 a month , I plan to retire in in 10 years when I’m 57. Fingers crossed it makes 8%

[@TheHumblePenny]

You're in a good place. Keep going 💪🏾. Make sure that money is invested not just sitting there in cash.

[@mjhhoward91]

@ yeah it’s in a Legal and general pension fund and I pay via salary sacrifice so the 960 a month is from my pension contribution. So it’s costing me less in real terms

[@kj1443]

It's wonderful to see these examples of financial planning and saving success🎉 well done, it's impressive already, and your journey is not over yet!

[@sazi07]

Sensible video. I like the new trend of videos encouraging people to invest. Many people are living the life they can't afford.

[@TheHumblePenny]

👍🏾

[@biodiversity9808]

I am a 44yo single guy with no kid. I have £160K in home equity, £6K in ISA and £35K in my pension pot. I am contributing to pension and company shares together £979 every month. My main aim is to pay off my £12K mortgage balance till october first. Thanks for the video.

[@TheHumblePenny]

Keep going 💪🏾

[@JayLou-v9p]

Just wanted to give encouragement. I have turned things around. Only discovered financial literacy in the last couple of years. I’m 47. Started with Dave Ramsey now I binge on a lot of content such as the humble penny. Once you start. You can’t stop 😂 I have been investing into pension since the age of thirty. But at 40 I only had £56k in my pot. It’s all about intentionality. I’ve slowly increased work place pension %. Opened a stocks and shares ISA and regularly put in small amounts. Currently paying down mortgage. I’m single. Never earned a massive wage. Hoping to be mortgage free before 50 which will make my living expenses much my cheaper. To give you an idea my net worth at 39 was negative 60k. And by 49 just ten years later (with house appreciation, pension, emergency fund and ISA) I’m looking at £450k net worth. I’m sure people will say it’s not possible or that I’ve been given it. The truth is I have sacrificed for tomorrow. I’m single and have no children, my parents haven’t given me a penny since I left at 18. I’ve had tough decades but it seems now is the time for me to make areal difference for future me. Be kind to future you. And good luck. Xx

[@theultimateassasin]

Any jobs going

[@JK-gm3ej]

Haven’t even watched this yet and feel like you’ve made a video responding directly to the comment I posted on that other video last week. Looking forward to seeing what you say…

[@TheHumblePenny]

Hope you enjoy it :)

[@massurname7940]

Living your videos! They are so informative ❤

[@TheHumblePenny]

Glad you like them! Share them with others

[@kabundantgrace7617]

How can i invest outside of tax free savings account? I will need your mentoring to know the S & P 500 to start with . Am in early 50 and want to retire at 60

[@Banthah]

What would you invest outside a tax free account? Do you want to pay taxes?

[@wiolettan.9156]

💎🎉 Great content as always! I love that you show these examples of calculations - makes it easier to see how the numbers work!! Thank you!

[@TheHumblePenny]

Brilliant! I'll keep it up. Thanks for watching. Share this video with others.

[@vimbaichiwewe4277]

Thank you. This is the information I needed.

[@TheHumblePenny]

Glad it was helpful!

[@adetayoolayiwole2414]

This is an interesting information. Good job.

[@TheHumblePenny]

Thanks for watching!

[@___Saint]

💎 great vid Ken thank you

[@TheHumblePenny]

You're welcome 😊

[@samlockwood4014]

Love this video. Really encouraging. Thank you. 💎

[@TheHumblePenny]

You are so welcome! Please share it with others.

[@eritreanintellectuallystim5330]

Hi Ken, thanks for your video. I have pension contributions going to aviva and they invest it for me but I feel like I could do better by investing it in index fund. What are your thoughts about taking controle of my investment.

[@TheHumblePenny]

Yes you can! First, check what they're investing it in. Check the fees and performance. If you're not happy with it having done some research, you can invest it yourself. Feel free to book a 121 'Power Hour' or 'Financial Freedom Coaching' with me if you want via this link. People usually book them if they want guidance with investing, personalised strategy for Financial Freedom, etc thehumblepenny.com/coaching

[@DAVIDCURTIS-c6l]

Diamond and another fantastic video and thanks 😊

[@TheHumblePenny]

Glad you enjoyed it

[@Techdadphd]

Really love your content Ken. Always realistic and practical. Thanks.

[@TheHumblePenny]

Much appreciated 😊

[@b4bhee]

Great video 💎

[@TheHumblePenny]

Thanks! 😃

[@JSkinglePhoto]

How does this compare to a private business pension where I am not paying the tax of taking the money out of the business as dividends. Is the business pension still the better option? Thanks as always for the great advice.

[@TheHumblePenny]

You always pay tax on dividends (above the small tax-free amount). You also pay tax on pensions income (except the 25% lump sum). The only time you don't pay tax is when your BUSINESS (not you) transfers money to you pension. The BUSINESS does not pay corporation tax on that money.

[@JSkinglePhoto]

Yes that makes sense thank you. I am currently paying into a business pension for myself and my wife. I understand we get 25% tax free when we come to withdraw. We will then pay tax on the remaining 75% as we withdraw it. Is that correct? So I guess my question is. Am I better putting my money into that or taking it as dividends and then investing in a stocks and shares isa? (I understand this is not legal advice) would appreciate your opinion. Thanks so much.

[@raphael9339]

Good sound advice 💎 The mono audio was a bit annoying if listening with headphones. I'm worried about investing in 2025, due to current US politics, which could negatively affect the financial markets at some point this year 🤔

[@TheHumblePenny]

Ah! The mono audio was probably a box we forgot to tick during the editing. Apologies. Re the US, can you think of a time in the last 20 years when there wasn't worry about the US? If you're investing long term, no worries.

[@judebutler535]

Yep, and the heavy swallowing came through loudly on the headphones. Good sound advice though, gives me hope so thanks

[@TheHumblePenny]

🙏🏾

[@BaileyMxX]

Search for wall of worry stock chart on Google, you'll see that there's always reasons and scary sentiment all the time, we ride past it and it seems a blip. There will always be a reason of fear putting you off this is normal. Honestly check the chart and see how much the market has gone up through wars,disasters, economic crises etc. wall of worry stock chart

[@QemamuMosaics]

🔶Dropped two diamonds as this was so so helpful and hopeful for me - thank you 🙏🏾 🔶

[@TheHumblePenny]

Wonderful! 😊

[@thingsshemakes]

This might be a stupid question but I assume when you say someone with nothing that includes no mortgage/ home ownership as well? Or is this assuming someone owns a home. Sorry if I missed it somewhere in the video. Thank you

[@TheHumblePenny]

Not stupid. Read the more detailed version here thehumblepenny.com/retire-in-10-years-by-investing/

[@elainestewart8090]

Fantastic content as always, thank you.

[@TheHumblePenny]

You're welcome. Do share it with others

[@user-sb4fi7gy7p]

Always aim big!!! 💎

[@TheHumblePenny]

👍🏾

[@sunshinejones8643]

Hi Ken, why is yhe compound quartely...why not yearly. Also please advise what the 3% yearly increase on the monthly contributions

[@TheHumblePenny]

Dividends are usually paid quarterly. 3% is a proxy for inflationary increase.

[@sunshinejones8643]

@TheHumblePenny thanks but what is the 3%figure. Is it an extra £50..£100....??

[@kbotsh7]

💎 advice, thank you.

[@TheHumblePenny]

You're welcome 😊. Share this with others.

[@josemariaeliasbranco7336]

That’s a great vision But investing in what in the ISA Portfolio?

[@gigas302]

S&p 500

[@TheHumblePenny]

I also linked to a video to watch. See the pinned comments.

[@captainflipflop8805]

Can you move an old existing cash isa to stocks and shares isa? 💎

[@TheHumblePenny]

Yes you can. Call your investing company and talk to them.

[@Ann-MarieNowell]

Ken, this is such an amazing video. Wow, 😮 this is so incredible. I best get investing again. Great advice and itching to start.❤😊

[@TheHumblePenny]

Glad you enjoyed it. Definitely yes to investing consistently 😊❤️

[@naiemiqbal2299]

Brilliant just needs how much per month income you receive

[@TheHumblePenny]

👍🏾

[@excellenthappy9544]

Great stuff Ken. You are heavy on ISA. I think Real estate will give you a better return. What do you think? Please do a video on Real estate to check the comparison. Thank you

[@TheHumblePenny]

UK property is good for some people and not most people. It costs a lot in upfront costs, stamp duty, unforseen costs and taxes and other costs. It's not as lucrative as people think. Not to mention all the hassle.

[@Uncle_Ash]

@@TheHumblePennyjust what l needed to hear been literally thinking this rather save in Ida and get my dream house in Africa . You just nailed it in the coffin for me . Thanks

[@domtaylor2271]

Taxes and running costs are pretty significant in real estate, including capital gains if you want to liquidate. ISA on the other hand is incredible. I have run the numbers and even in very high yield areas (i.e. where rent is 10% or more of house value annually) I can't get the numbers to stack vs investing via an ETF in an ISA. The tax shelter of an ISA just makes an insane difference

[@obehiugbo8787]

💎. GREAT VIDEO AND INSIGHT

[@TheHumblePenny]

Much appreciated. Do share it with others.

[@obehiugbo8787]

@@TheHumblePenny sure will

[@aasimq]

Great video as always. I think it’s a case of doing what you can and even a small amount of £250 a month could mean you retire 1-3 years earlier. Investing today is buying time for the future!

[@TheHumblePenny]

Absolutely 💯

[@chrisnunn7888]

Not sure the pound sterling will be around in 10 years. It's probably better off to be purchasing gold or silver now in order to cash in when a new system magically (pre-planned) appears.. Or if you're tech savvy unlike me, invest in crypto, then on the highs sell and buy metals

[@joshr920]

This is why you shouldn’t take financial advice from KZbin comments

[@Banthah]

Terrible advice

[@chrisnunn7888]

​@@Banthah I'm open to an online debate any time regarding the future of national currencies. Let me know player.

[@chrisnunn7888]

@@joshr920 I'm open to an online debate any time regarding the future of national currencies. Let me know player.

[@eddon7058]

I always enjoy watching your videos, very enlighten and sound. I have £10,000 sitting in my business savings account with very little or no interest. How best can i make this money grow? I look forward to hearing from you regarding the options available for me. Keep up the good work

[@TheHumblePenny]

Thank you! You have to pay yourself some of that money first after leaving some for business related expenses. You either pay yourself a dividend or salary or you put it into your pension (tax deductible). Once the money is in your personal account, you'll have a bit of tax to pay at some point. Then, you can begin applying what I shared in the above video by investing in the stock market via a Stocks and Shares ISA.

[@eddon7058]

Thanks for the response 👍

[@thatboytosin365]

💎 Great content once again!

[@TheHumblePenny]

Thanks!

[@yvonnejohnson6811]

💎 I've been exploring to sort out my old stagnant DC pensions to combine to my current DC pension to make the most of the compounding interest. Great video ... as always!!

[@TheHumblePenny]

Good move doing this admin. Thanks for watching.

[@BaileyMxX]

Compound interest still takes place even if you have different pots. There can be many other good reasons for combining your pot but two pots of smaller amounts earning the same returns will still compound at the same rate as one single pot of the same value combined earning the same rate.

[@yvonnejohnson6811]

@@BaileyMxXI agree but one of my old ones is currently fluctuating between 0.5% and 1.5% growth. My workplace of the old pension changed provider and new the pension currently has between 20% and 25% growth, which I know can go up and down.

[@BaileyMxX]

@yvonnejohnson6811 it's probably in a default fund and totally agree that you may need to ask yourself could your money be working better for you getting better returns in a different fund that suits your own risk profile. Even more so if it's high fees as well

[@naomimunthali6281]

Ken, What happens if you max out your ISA allowance of the tax year? What is the effect? Let's say you have contributed £24,000?

[@TheHumblePenny]

You'll have to withdraw the excess over 20k and HMRC may ask you to pay tax on that money.

[@craftyrouze]

I thought it doesnt even let you to contribute over £20k to begin with

[@Njpro]

I think you can put in more than 20k into an ISA if for example the 4k was gained by interest, however I could be wrong.

[@TheHumblePenny]

@Njpro £20k in, but of course that £20k invested will grow and that's totally fine. But £20k is the max per year to put in.

[@BaileyMxX]

​@@craftyrouze harder to regulate platform wise now that they've changed the rules and allowed you to have multiple providers in the same year. Although they may be required by law to report back to HMRC so whilst they may not stop it happening initially HMRC would be able to see

[@janeugwu6559]

God bless the day I discovered your channel. God bless KZbin 😁

[@TheHumblePenny]

God bless you, too! 🙏🏾

[@Larryjazzy271]

Thanks for the video! I've been following you lately, and i find your videos very informative! Please do you know the return % in pension investment in the UK. Is it around 7% - 8% as well?

[@TheHumblePenny]

It's all about what you invest in. If you invest in say, the S&P 500 Or a low cost global index fund or ETF, then you can expect the same return.

[@Larryjazzy271]

@@TheHumblePenny thank you for your response

[@lerak5]

Such an amazing video 💎

[@TheHumblePenny]

You're welcome. Do share it with others 😀

[@AzeemUrRehman]

Diamond is your content 💎

[@TheHumblePenny]

👊🏾

[@sonnyday6210]

How do you know its going to make money and where to invest? some investments lose money, I would be worried about it.

[@gwyneveresunlightblade5962]

I can't spare that much money every month. 😢

[@TheHumblePenny]

Totally hear you. Start with what you can and gradually gamify this as a goal. The key is to start.

[@flourishomotola5306]

💎 Well done. Awesome video 🎉❤

[@TheHumblePenny]

Thank you 🤗

[@mayor5326]

💎 Great content, thanks!

[@TheHumblePenny]

Glad you liked it!

[@wordmusicpicture6575]

💎 Great Video Ken! Thanks!! Very practical!

[@TheHumblePenny]

Thank you 😊

[@dgray60]

💎 great content as usual Ken, keep it up 👍

[@TheHumblePenny]

Thanks 👍🏾

[@queeniduaye726]

Is owing a rental property an investment?

[@TheHumblePenny]

Is this a trick question? 🤔

[@Phoenixlukas]

💎💎thank you this was very helpful and inspiring

[@TheHumblePenny]

You're most welcome 🙏🏾

[@frankoantwi]

That’s so inspiring bro 🙏🏽 Please how do I reach out to you ?

[@TheHumblePenny]

You're welcome 😊. Feel free to book a 121 'Power Hour' or 'Financial Freedom Coaching' with me if you want via this link. People usually book them if they want guidance with investing, personalised strategy for Financial Freedom, etc thehumblepenny.com/coaching

[@Uncle_Ash]

💎 great advice

[@TheHumblePenny]

🙏🏾

[@theformula8993]

💎 really helpful video shows you what can be achieved in a short period of time

[@TheHumblePenny]

Do share it with others who need this information 😊

[@leanneminton3969]

♦️💎 Ken, great video, I am in this exact scenario. I have a question; I need to decide in the next 10 yrs do I make large overpayments on the morgage or save in my S&S isa , or a combination of both? Love to know your thoughts. Thank you

[@TheHumblePenny]

Good question. Pls watch this. kzbin.info/www/bejne/g2jUiqSwpNGgg6Msi=zpW0awIxUKy3m46G

[@JohnCarlyle]

No savings at 45yrs, £500 per month for 10 years, gives you under £100K at 55yrs. Good luck making that £100K last from 55 to 67/68 when state pension kicks in.

[@Banthah]

@@kelvinevans1683 Lol exactly!

[@user-sb4fi7gy7p]

Even if can’t get up to £100k isn’t saving up to £50/60k better than having nothing? Aim for nothing you get nothing, aim big and you get something.

[@JohnCarlyle]

Well obviously it's better than nothing. But the title of the video is literally "No Savings at 40+? RETIRE in 10 Years by INVESTING £500 Monthly".

[@carolsweeney9418]

Couldn't find the diamond, but fantastic advice

[@TheHumblePenny]

Thanks. Do share this video with others 😊

[@racheC20]

💎 Fantastic video

[@TheHumblePenny]

Thank you! Do send it to friends and family.

[@happyk9126]

Fantastic 💎

[@TheHumblePenny]

Do share with others

[@NJH414]

💎 Great content

[@TheHumblePenny]

👍🏾

[@dlong20315]

thank you

[@TheHumblePenny]

You're welcome

[@dlong20315]

Am already 55 but your video has definitely inspired me as I’d like to retire in Vietnam

[@TheHumblePenny]

Brilliant! Great location​@@dlong20315

[@dlong20315]

Right now as am working full time with a private pension in the background I am focusing on how I can generate some source of online income to make up at least half my current income so I can retire asap…

[@elaibesummers906]

Helpful video with great content. Can someone advise me which account is better to save the bulk of my money in, a high yield savings account, or a cash ISA?

[@irene4770]

Thanks for your informative and educative channel. However from the egx you gave about the barber, the issue was that they lived hand to mouth and had no savings, so how is it possible to suggest that 'say you had £500 left at the end of the month'. Theu do not have that much at the end of the month, I think thats what the barber is saying. I think another way for him to save should rather be suggest💫♦️

[@TheHumblePenny]

You're welcome 😊. No, that's not what he meant. He gave me those two scenarios in the video. £500 and £850 p/m. Money he normally might have spent on enjoyment, and which he's prepared to invest if he knows it will create financial security in a future that's not too distant.

[@aniekanakpan2868]

Diamond for Ken

[@TheHumblePenny]

👊🏾

[@Stillbusy105]

Just retire abroad, your uk money is10x in Mexico or phillipines, who wants to grow old in the dystopian uk anyway, you’d spend all your money on heating 💎

[@TheHumblePenny]

This is what many will have to do!

[@fireat40]

you'll spend money instead on air conditioning in hot asian countries

[@Stillbusy105]

@@fireat40 you can rent an air conditioned place for a few hundred a month, plus the overall cost of living will be cheaper

[@TheHumblePenny]

@@fireat40 This is a good use of money :). I'd take that any day compared to spending money on heating in the UK.

[@inerit5175]

It's NEVER too late!

[@legendlegend2000]

💎Thanks

[@TheHumblePenny]

You're welcome

[@mrforbes1750]

i dont think the best 5 places to retire link is working.

[@mrforbes1750]

my bad found it

[@TheHumblePenny]

👍🏾

[@chidimenahaya7661]

Saving is important so videos are good like this. But the stock market goes up and downs and big drawn downs can make all these calculations invalid, if you need investment at wrong time imagine 2008 crisis then the above would be void so bare that in mind.

[@TheHumblePenny]

Fair point. However, this shouldn't stop one investing for the long term. Life is full of potential risks.

[@chidimenahaya7661]

@@TheHumblePenny I agree and the information you provided is very useful particularly to those who don't invest but title 'No Savings at 40+? RETIRE in 10 Years by INVESTING £500 Monthly (Tax-Free!)' adding fees, no way to say rate stays the same, big drawdowns gives a better picture. But the message on investing every month is great one your sharing

[@AG-hl1ni]

1OOK is not enough to retire comfortably. Not even close.

[@TheHumblePenny]

It depends on where you retire. In the UK, not enough, as mentioned in the video. Do watch it fully.

[@Banthah]

You’re right £100k isn’t even close. But it’s better than nothing…

[@misteryreviewer1426]

500 a month for 10 years = 100k, no where near enough to retire. 850 a month around £150k, still no where near enough to retire.

[@TheHumblePenny]

Did you watch the video fully?

[@inatehex]

💎 geezer

[@TheHumblePenny]

👊🏾

[@JonnyBlaze-g8k]

these videos always fall down as soon as he assumes the viewer has a home of their own. That alone makes a huge impact to everything else he is saying and in some ways, not having a home in retirement or prior to it, completely invalidates all the tips given. Then there's the part about assuming persons are cognizant of, confident and capable of investing in the market - which most are not.

[@bombardierboerboels]

You assume the stock market will grow there have been decades where it has basically flat lined

[@TheHumblePenny]

This is fair. I think the cost of assuming it won't grow long term is higher.

[@TheOnlinefreedom]

If you look at the S&P 500 over the last one hundred years there have only ever been two instances where there has been a negative return over a 10 year period. No one can accurately predict future stock market performance, but the cost of not investing means the purchasing power of any money you do have saved will just be constantly eroded by inflation.

[@scent_jeannie]

Agree with the above and would rather invest but I think 8% is just a bit too optimistic

[@aderonkeadewunmi-oyegunle5536]

💎💎💎💎💎💎 It’s my first time here, and a starter at being intentional with my financial goals, also improving on my savings strength but I know little or nothing about how to start investing or proper ways to save. Can you recommend a video of yours to watch for starters/novice like me please? Thank you for helping us and all your efforts. God bless 💎 💎💎💎

[@TheHumblePenny]

Start with this kzbin.info/www/bejne/q2XRaZljjrFolassi=0VeSWOLiFYfqh5LF

[@eugeneghedi1179]

Diamond ❤

[@TheHumblePenny]

❤️

[@henryeleonu6237]

Very informative. Please, how do I start investing in SNP500? Which platform do I use? I'm new to investing.

[@TheAnonyy]

They won't be investing £500 otherwise they would have been saving it already more like £100 or less need realistic figures here .

[@TheHumblePenny]

I'm using numbers they actually suggested. Realistic for them.

[@cherrybristol1932]

Diamond

[@TheHumblePenny]

👊🏾

[@helennoble9587]

Oh I do love assumptions , right now the stock market is nose diving 🇺🇸

[@TheHumblePenny]

Time to buy more.

[@Sonu-cv8ym]

Diamond 💎

[@TheHumblePenny]

Thanks for watching

[@richardtbrown756]

I can't even save £50 most months 😏🙄 If you can save 500pm after bills, etc, as disposable income then you should have been saving/investing already 😏 If you don't have that disposable then you'd have to cut your own hair, no takeaways, no dates or much of a social life, not smoke, not drink, rarely treat yourself, no holidays, no stay-cations, walk/cycle to work, buy the bare minimum for shopping/food, don't use your heating for more than 2-4hrs a day, shower/bath once a month and only turn on the light in whichever room you're in, each time. Do all that and you'll be fine, lol, maybe even save a bit more... Good Luck 😒

[@Abdul_Rahman86]

This is what I would do, I would take out a £10k loan. Put that £10k loan in an account and all my bills will come out of that account. I would than use every Penny I have from salary and chuck it into a SIPP. I’m talking £2k per month into a SIPP. Once I have £10k I will focus on paying back the loan. I’ve done it before and I’ll do it again.

[@scitec6166]

How long did you do that for and what did you make after paying back the 10k loan?

[@Banthah]

Terrible advice

[@Abdul_Rahman86]

@@Banthah 1) this not advice it’s what I did it worked. I only have 25 years till I’m 57, I need to have as much money in my SIPP as possible in the shortest time frame. In fact I need £1 million in my SIPP by the time I’m 46 2) i invest £500 per month (MINIMUM )into my SIPP regardless. 3) lets face it, not many people have time and not many people have money. 4) regardless of what anyone says, there is NO such thing as a healthy 65 year old. 5) it worked for me, doesn’t mean it’ll work for you, but let me guess. People take out loans to go on holidays, to spend on weddings, pay klarana for Xmas presents, but god forbid I try and and utilise and leverage what I can to pay for my future 😂😂😂

[@anuezenwa7454]

💎

[@TheHumblePenny]

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[@toniicate2925]

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[@TheHumblePenny]

You're welcome 😊. Do share it with others.

[@toniicate2925]

@ most definitely will! Thank you.

[@crownedwithcoils3363]

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[@TheHumblePenny]

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[@TheHumblePenny]

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[@Luzia-s3y]

Very informative, thank you 💎

[@TheHumblePenny]

Glad it was helpful!

[@Blackmama_minimalist]

💎 really great tips. Thank you

[@TheHumblePenny]

You're welcome 😊