9 Personal Finance Tips That Transformed My Life!

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Here are 9 personal finance tips that transformed my life! Today i’ll talk through my top personal finance tips that allowed me to grow my income, quit my job and do something i’m passionate about each day and call it a job!

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00:00 Intro
00:16 Lesson 1
01:41 Lesson 2
02:52 Lesson 3
05:28 Lesson 4
07:21 Lesson 5
09:12 Lesson 6
10:34 Lesson 7
11:28 Lesson 8
12:21 Lesson 9

📷 Instagram: @mitchinvesting

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*Disclaimer: Your capital is at risk. Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.*

Disclaimer: I am not a financial advisor, and this information is not financial advice. When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. If you enable interest on Invest and Stocks ISA accounts, Trading 212 will hold your cash in qualifying money market funds and banks. Otherwise, your cash will be held only in banks. Interest applies on cash in an investment account. Terms and fees apply*.

*Disclaimer: All ideas presented within this video are that of my own based on my own opinions. Please do not consider any of these videos as financial advice as I am NOT a financial advisor. All financial decisions and choices made are solely your responsibility. The views shared in this video are just for entertainment purposes only. When investing, your capital is at risk and can go up in value as well as down in value. You should consult a suitably qualified professional when seeking out investment advice in order to fully understand the risks associated with investing.*

[patrickdebra]

It's more crucial than ever to have a firm grasp on money management, and navigating economic downturns in these unpredictable times. My main worry is how to increase my $240k reserve, I understand the long-term strategy, but my savings are being eaten up by inflation, and my portfolio is losing value every day. I need to find a solution.

[jhonatanmoreira-gkjv]

Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

[Isabella-lgs]

I came across your channel through this video—case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[RosskoPeeko]

Always a pleasure watching your videos and bring great insight but I’m at a slight loss about the part of out sourcing tasks that cost you your time. It sounds like I should pay someone to do my shopping while I sit at home because it’s cheaper than what my hourly rate is at work.

[steve]

If you get extra income, shouldn't you pay off more of your high interest debt first? Credit card debt, car, loans, maybe mortgage - not just automatically invest it?

[chrisbamber]

Mitch this is great and really reassuring that I’m following most of your tips. Thank you for yet another great video. I got into investing later on after kids etc at around 40 but that still gave me 20-25 years of investing. 5 yrs in and I haven’t looked back. I up my investments every pay rise too so putting away 25% ish of income every month. Not bad with 2 kids.

[djfearross]

Surely an easier approach would be, for example, when your account goes over £1000, put the rest in your investment account.

[James-ctwc]

Just found your channel Mitch and subscribed. Can you recommend a few books as an absolute novice to saving/investing? Thanks again, James

[Ryane]

I was playing GTA V the other day and realised that a while back I must’ve bought stocks on the game, checked the balance and it was well over 80 million dollars so just goes to show that the ‘set and forget’ method really works 😂

[Mark-ezvw]

Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.

[davideyres]

The first tip should be. Get a job in banking and you’ll get paid shed loads of money. Live frugally and invest heavily and you’re laughing.

[lukecooks]

Would it be worth investing daily or weekly rather than monthly? So say u invest £200 a month you just split that into the 30 days of the month would this be more beneficial?

[db]

Great content as always. Could you recommend any good books to read to support personal finance growth ?

[imconfused]

It is a very useful video. However, another saying is ‘knows the price of everything, but the value of nothing’. Everyone is different but I don’t think it’s healthy to ‘micro charge’ all activity in your life. I’ll give you an example:

My boundary walls needed rebuilding. I could’ve contacted a bricklayer and laid them to do this for me however, I valued learning the skill and the sense of satisfaction from doing it myself. It may have taken twice as long but I was also twice as happy.

As we head towards retirement another factor to consider is its impact on physical and mental health. Sure, as I acquire wealth I can just ‘pay a guy’ but you will soon lose all sense of purpose. Stay busy and you stay healthy.

I’m a bit further down the road than you buddy. The advice is good, but it has to be a balance otherwise there will be unintended consequences. No one ever wants to be the richest guy in the graveyard.

[James-psl]

Morning,

Curious to know what capital appreciation you made on your property?

Kind regards

[James-psl]

Trying my best to not be nosey however you never know if you don’t ask, seeing as you’re not in your role in finance anymore. What was the position and salary? I’m not sure if the company name matters but I’m more curious as I also work in finance and would love to compare to someone who left because they could make more elsewhere

[Edin-imvd]

Very good video yet again! I am 16 studying high school atm. I am looking for as many job opportunities as possible to get ahead of the rest! Planning to invest £100 each month into investments for the first time!

[Abdul_Rahman]

I love your content!
My top tip is
1) invest 25% into your sipp first and foremost the moment you get paid at midnight.
2) then your pay bills.
3) survive 😂😂😂

[ggoog]

3:14 whoa whoa whoa, I thought you were from the UK like me? Mowing the lawn??? Yuck! 😅

[TROZJAN]

Can give link to calculator you use can’t never seen to find decent one