Should I invest or save for a house?

Buy a house or invest instead? A question a few of you have asked and I have battled with personally, I used to think 'why can't I just invest my house deposit?'

In today's video I give you my thoughts on if I think you should invest or save for your first home? And what my thoughts are on Investing your house deposit in stocks and shares.

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🕑 Timestamps:

00:00 - Introduction
00:20 - The UK’s Obsession with property
02:44 - Discovering investing
03:09 - The problem
03:29 - The pros and cons
08:00 - Should i invest my house deposit?
09:10 - How i would save the funds/Free 25%
011:49 - Quick giveaway announcement.

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📚 5 books to shape your financial future:
Either click the link for the book or use this link for a free trial on audible and then you can just listen to them all!

The richest man in Babylon:
An engaging tale that teaches the fundamentals of saving and attitudes you should have towards money. I listen to this at least once per year.
A random walk down Wall Street:
Let Burton Gordon Malkiel, explain everything you need to know about trying to beat the market.
Rich dad poor dad:
There is a reason this features on all lists of the best books. You will walk away from this truly understanding the importance of income producing assets.
The Millionaire next door:
I love this book because it destroys the conventional perception that all millionaires are one type of person. Read this and you will so realise being a millionaire is well within your grasp!
The 4 hour work week: This is the book that inspired me to build multiple income streams.

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Disclaimer: Any information provided in this video is meant purely for entertainment purposes and does not constitute any form of recommendation, They are simply my opinions. If you want financial advice tailored to your circumstances please consult with a licensed professional.

[jeffreyasante]

Not trying to gas you up or anything mate but your channel is the best investing channel i've found on YT. And I've found some really good ones. Seriously, keep it up!

[Rasukix]

Too many people live outside their means. Financial education like yours is gonna save lives.

[crimson]

Love this channel, no bullshit click bait thumbnails with 'turn £1 into £1 million', everything is practical.

[MrEdrftgyuji]

A big part of the reason why renting is so unpopular in the UK are the rules. You can't decorate / make the home yours, you are always at risk of eviction if the landlord decides to sell. You also have to put up with the over-the-top rules on rented property that are standard now. E.g. no pets, regular "inspections", not allowed to hang pictures, etc.

[nahlahaze]

Your editing is really entertaining and I like your perspective of buying vs renting.

[itsjustaylin]

I find the British perspective on buying so interesting - my partner is British and I'm German, and I've been a life-long renter, my parents have rented their whole lives and I'd be fine with that but he really wants to buy! I guess it makes a lot of sense in the south where rent prices tend to be a lot higher than where I'm from in Germany. Great video! :D

[adrianops]

Just came across your channel when researching for index funds and really liked your content mate! keep up the good work!

[alastairmorrison]

Hi Damo, just wanted to thank you and say these videos are brilliant!

You’ve got the mix of engaging and very informative down to a t, and the effort put into editing doesn’t go unnoticed.

I sincerely hope you keep posting, I think you’re on to a real winner here!

[maliamalis]

No because this is the best video from the U.K. that’s helped with understanding saving and investing and I have more clearer idea of what I want and it’s edited well that it’s not boring. Thank you !

[anthonycotterfinance]

Great points. People need to understand that their cave is a liability. Whilst a great store of wealth long term. Shouldn’t be seen as an asset.

[DanteLaroux]

These vids are spot on: succinct, impartial, entertaining and no-nonsense. Thanks and have subscribed!

[jonathanhowson]

The only way your house could be an asset if you loose your job would be if you had a lodger or two. You can have £7500 a year tax free in the UK (more in London). Thats pretty sweet, especially ifyou are a higher tax payer. The downside is that you have someone else living in your house.

[johnunni]

Completely agree on never to deposit if your thinking to buy a house in less than few years.. I did it when market was great last year and now I am down 20 percent on deposit.. learning it the hard way..

[reebee]

You just made me feel a whole lot better about it all. Nice one dude. Nice channel too.

[cashkitty]

I brought my first flat 15 years ago today, paid mortgage off after 9 years with help of an offset mortgage and over paying monthly and reinvested by getting two mortgages and still own the flat on the south coast and house in Brighton. Both places are in areas that are above the average prices.

[chilldude]

Fascinating video. I'm buying my first house with my partner, at 25, which is pretty good. It's a £300k house with a 155k deposit, mostly paid by my partner's inheritance. She isn't really into finance like me so she just wanted to put the money into a house, which overall I thought made a lot of sense and I wasn't gonna tell her 'no, put it in doge coin whilst we continue renting!!'. It's really stressful buying a house, but man, I can't wait to be moved in next week. Along with my investments (i make 30k per year atm and invest 500 quid a month in the market) i'm starting to feel i might actually be wealthy. i dont come from a wealthy family at all so it is quite a dream for me. Started putting my money in the market last april and currently up 35% and always learnign more, which is why i appreciate vids like yours and Sasha Yanshin's (who i found your channel from his recommendation) are really appreciated, i wish youtube rewarded your less clickbaity style :) thanks man

[hasherpeekpower]

Great videos for someone starting out. I keep trying to tell people this is the way to go, but they look at me like i am some kind of fool or wasting my time instead of enjoying like and spending everything i own on holidays and takeaways.

[joaoteotonio]

you're the man! Thanks for your channel mate!! Thanks to you I just started investing at the age of 29

[jakebradley]

So this was one of the most well presented and straight cut financial education videos I’ve ever seen, keep it up 👍.

[malachinumba]

Thank you so much taking the time to create these videos, all because of you I am slowly feeling more and more confident to begin my investing journey and your videos always make me laugh too. GREAT JOB DAMIEN