8 Pieces of FINANCIAL ADVICE That Changed My Life FOREVER

[@TheHumblePenny]

What's the most life changing financial advice that you've ever received?

[@knotts3135]

Common one: Before saving clear off any overdrafts, credit cards etc and be minimalistic

[@Themystergamerr]

Loving the braids, looking gorgeous sis ❤.

[@Gardentheearth]

Pay yourself first !

[@muchataps3253]

Invest

[@burropoco]

For me the truly epiphanous moment was learning about the power of compounding over time.

[@TheHumblePenny]

Double edged sword

[@SBAccountancyAndBookkeeping]

💖💖

[@burropoco]

Never loose your hustle mentality! 20 odd years ago I also did computer builds and home IT services. A couple of small jobs each weekend literally paid the whole mortgage. I stopped doing it after a pay rise at work, probably should've just continued.

[@TheHumblePenny]

Get back on it!

[@SBAccountancyAndBookkeeping]

♥♥

[@cecilianduguta8241]

Love love you lovely couple..my best advice....let no one's else emergency be your emergency.

[@TheHumblePenny]

Love this 😊

[@femiodunsi542]

Best piece of financial advice- only invest in instruments you know and understand.

[@TheHumblePenny]

This will save you a lot of heartache 💔

[@Alex-cj5qt]

Hello both! I love your content and I always learn a lot from you! Could I suggest a video teaching us how to manage a pension pot - investment funds, once I left the employer & company’s fund portfolio? I have 2 pension pots now, but they are left unmonitored and I want the best outcome from them one day. Thank you

[@TheHumblePenny]

The same way you manage your pension investments is similar to how you'd manage your ISA. Are can either keep the investments with your former employer's pension provider or move it to a SIPP and manage it yourself by consolidating your pensions if you want although this has pros and cons.

[@darkangel686868]

Ken and Mary, would you consider doing a video on ‘offset mortgages’ for the UK? I just don’t know if the numbers make sense as I’m not a maths person. Is it wiser to have an offset mortgage or a standard mortgage and an isa for the big emergency fund?

[@TheHumblePenny]

Noted ✅️

[@Valera_Scotland]

After reading your book, I opened a lifetime ISA .. every little bit will help

[@TheHumblePenny]

👏🏾👏🏾. We'd appreciate your review on Amazon as you read. Please tell people what you love so far. Kindly add a photo. Thank you

[@Valera_Scotland]

@@TheHumblePenny all done

[@Valera_Scotland]

@@sparkle1949 do you mean you're 40+ and can't open one? I suppose have a look at the book. They give lots of investment advice. I would say pay off your house and be debt free. For me, that's all you need. I'm not aiming to be super rich. Comfortable is all anyone needs

[@traciesmobile683]

best piece of advice I got was an updated version of: "Annual income twenty pounds, annual expenditure nineteen nineteen and six , result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery"

[@TheHumblePenny]

Thanks for sharing :)

[@saras4472]

I love how I still get value and inspiration from your videos even after watching you for a while. I think the most important thing has been a change in mindset which leads to implementing all these different things. Keep up the amazing work Mary and Ken!

[@TheHumblePenny]

Your comment means a lot to us ❤️

[@SBAccountancyAndBookkeeping]

Thank you for sharing your story in this video. It's truly inspiring.

[@TheHumblePenny]

You're welcome 😊

[@Temwa.Anjola]

Sooo many nuggets here, thanks so much for sharing! ❤

[@TheHumblePenny]

You are so welcome! ❤️

[@SBAccountancyAndBookkeeping]

😍😍

[@lisagarside1973]

Hi there what's the best way to over pay my mortgage....is it daily in small increments or weekly or monthly

[@TheHumblePenny]

ASAP. Overpay it as soon as you have the money to.

[@lisagarside1973]

Thanks for reply but I'm still not sure, my interest is calculated daily so my thinking is what's the best way to reduce the compound interest charged by the bank I have extra 400 per month to over pay Should I pay in one lump at end of the month ( the day the mortgage payment is taken ) Or 4 weekly installments of 100 pound What way will be more effective to reduce interest charged cheers

[@ezinneerhirhieneeukaogo1439]

Parents can be the best financial coaches.

[@TheHumblePenny]

💯.

[@annamuja1831]

Thank you very much for a great video.

[@TheHumblePenny]

You are welcome!

[@stephen3511]

I’m not from a financial background, but I learned from a relatively young age to only buy what you need. I buy the occasional treat, but it is just that….. a treat.

[@TheHumblePenny]

👍🏾

[@ezinneerhirhieneeukaogo1439]

We need a video on how to test to see if a business idea would work out

[@tinaobadina134]

❤ Good video. Very inspiring. It's good for the people who rely on one income and not wise, in spending their income. ❤

[@TheHumblePenny]

🙏🏾🙏🏾

[@OlaleyeAkintemi]

Hello Ken, I have a Stock & Share ISA account with Vanguard and it is S&P 500. Can I open a REIT ISA account with Hargreaves Lansdown? I know they are both Stock & Shares ISA account, but they are different funds.

[@Unikadanceevents]

Love it❤

[@TheHumblePenny]

Thank you 😊. Please share with others

[@smann7236]

In regards to investing individual American stocks thru isa, i know you can fill in the w tax form thru broker, is the dividend tax taken automatically and is it straight forward?

[@loma9326]

Automate your savings!

[@TheHumblePenny]

👍🏾

[@Kayla-kd8ov]

Save a small amount of money (eg £20) every single day. If unable to do £20, do what you can. Even £1. But watch it build

[@TheHumblePenny]

Brilliant

[@feyicoker8686]

Advice was to treat your money as employees and tell it what it needs to do

[@TheHumblePenny]

Love this!

[@nikkis9292]

You both look Glowing and Healthy 🙏🏽

[@TheHumblePenny]

Health Is everything. Thank you 😊

[@adrianhill6858]

Good people ❤️

[@TheHumblePenny]

😊❤️❤️

[@Stackerman3000]

The borrower is slave to the lender.

[@TheHumblePenny]

The Poor borrower, yes. The Rich borrower on the other hand knows what to do with debt.

[@missd326]

Thank you as usual You’re much appreciated 😊

[@TheHumblePenny]

You are so welcome

[@mariai.flores353]

Subtitles please😢

[@benj6244]

Good video again. I've not really got a "best" piece of advice but I often talk to people looking at the value of what you are getting for your money. I might see something like £12 for a cnimea ticket to see a movie really wantto see as good value but others may not. I think some people nowadays lose that mentality and see a "false" value behind things. They might think that £50k is great and what they need but is it really giving them £50k of value? Another is to live your life. You can die tomorrow and having thousands in the bank isnt going to help. I'd actually like to get your thoughts on something. We're trying to always get better with spending and control of our money. We're probably pretty average as things go. I'm now earning over 6 figures and find for a while we let things slip a bit. We're now getting in control again (no credits cards or loans) but do spend a lot of "experiences" like holidays. This year we've been lucky enough to do disneyland with the kids, spain, santorini (wedding anniversay) and a host of other things. As to my point above, for me, this is valuable but I wonder when this turns to excessive?!

[@TheHumblePenny]

If you have no debts at all, setting aside between 5% and 20% of your net income for experiences is a good idea provided you're investing at least 15% or 20%. Watch our video called "8 Places Your Money Should Go".

[@MsNhla]

I 10:30- can we hear the MBA story 😊

[@TheHumblePenny]

Stay tuned 😉

[@delz09]

Do you guys talk about fiscal responsibility on your holidays too? 😂

[@TheHumblePenny]

Travel as much as you want provided you're not doing it while in expensive debt and you're investing at least 10% gross to pensions monthly and 15% net to Stocks and Shares ISA/LISA. 5% to 20% net to fun and experiences starting at 5% if one is still paying off expensive debts. These are guides though. At the end of the day, people will do what they want with their money. We're enjoying ours (whilst still investing) because we've achieved a lot of the money goals that we set ourselves years ago. Even if we hadn't achieved those goals, we'd still leave room for enjoyment always 😊

[@helennoble9587]

Save your pennies to make the pounds My elderly neighbour would walk into the village on the way picking up 1p and 2p coins , putting them in a jar, would be surprised how many he would pick up each walk

[@TheHumblePenny]

A healthy respect for money takes one places. Love this.

[@FitnessFoodRecipes]

Best piece of financial advice I ever received was “A part of all you earn is yours to keep”, from the book TRMIBabylon.

[@TheHumblePenny]

Love that book 🫶🏾

[@chrisr9474]

Don’t forget to add S to your FANG, “S” for S&P