I sacrificed my free time. I started doing overtime and all that money went towards my starter emergency fund of £2K. I built that in 2 months. Now i am paying off my debt and then will overpay what is left of my mortgage. I hope to be 100% debt free in less than 3 years. I've also now realised I was lazy and I don't feel like I am sacrificing anything now. I have never had more than £500 saved in my life. Seeing that 2k feels so freeing and has built my confidence....its just the beginning.
I sacrificed buying designer bags & shoes and managed to max my ISA allowance for 2 years in a row. That's even with a 25% pay cut this year. God is good ❤❤🙏
That’s amazing. 20k into an isa a year. I contribute £700 into a sipp monthly. I feel that my life has not changed in the slightest. I’m going to up the contributions to £750 next year and see if there’s any real difference. And so forth.
@@Denise_CocoaIndividual Savings Account. It's a tax-free savings account here in the UK. You can currently put £20,000 a year into the account without getting taxed
I’ve made so many life changing decisions by watching your videos and have even advised my siblings and friends. what I, family and friends have achieved include, paying off 🇺🇸 student loan in 1 year by paying down the capital, life insurances, stocks, buying electric cars(1 downpayment), and property investment. Bought financial books and watched podcasts. As a christian, i am sacrificing more in order to be more generous. Currently prioritizing health. 😊. Thank you 😊 for your videos. The journey began with your videos. i make my hair myself,just weaving beneath and using braided wigs $10 from Nigeria.(Tip from Mary of the humble penny) And i use shear butter on my hair and olive oil. I watched your videos on your electric car and advised everyone around me to get on board. Paying down capital on your house was and is still an eye opener. A family member used the strategy to pay off student loans in less than 1 year. Your book is a must read this year. Thank you very much. I must add that there is something calming about your channel. It distinguishes you from other channels. You are just doing something right. God loves this……. Well done.
The life changes you've experienced from our channel and work brings us a lot of joy. WOW! We are so honoured to be a part of the changing financial destiny that you and your family are experiencing :). Please keep spreading the word. If you haven't already, do share this link with friends and family to get our debut book. It will be a gamechanger for them geni.us/financialjoy
Yep sacrificing is necessary though not a fun topic. To put away my deposit for a house and other financial goals I have, I had to give up my favourite thing travelling for the past 3 years, not buying much clothes, stayed in a uncomfortable jobs as quitting when I really wanted would have affected my financial goals. I kept focused and pushed ahead and now I am in the position where I can do those things I want today. It wasn't easy at all but I'm glad I have improved my situation.
This is so impactful from 10 to 2 years!! It’s an eye opener. 2 years ago I watched one of your videos where you challenged me to increase my income monthly by 25%!!! Man it wasn’t easy, I sacrificed my Saturdays and I was mad (intention) I think. But the pay off… in December was quite something. Super thanks for the videos… kept it coming it really helps. Sending lots of appreciation
Thanks for this video Ken. Your illustrations of what could be achieved in a year and what that could mean really struck a chord. I always thought as a single person that house ownership was out of my grasp but I see now that this is possible. I don't have any significant debt (thanks for your earlier videos that helped me with this) and have started to invest, again thanks to your videos, but I see that I can take my financial situation to an even higher level. As you say sacrifice is not a trendy word but I am excited by the potential and opportunities that could be open to me through sacrifice. Bless you and keep up the good work, you are changing lives for the better!
Say you earn £3000 a month, but between your mortgage, utilities, kids, travel expenses and food shop you’re spending over £2500 a month without spending money on takeaway or other “luxuries” tell me someone that can save 50% of their take home pay when their mortgage is 35-40% of their pay?
It can be tough. Keep looking for ways to increase your income and then save every penny earned. Also look for ways to cut down living expenses for a year like he said. Think cheaper but value based items
CJ-11, in addition to the video and this advice, you can still save at least 10%.. based on what you indicated about your current financial status.. given your situation, you can start from at least 10% and grow that slowly.. you may need to sacrifice for 3 to 5 years as a goal, but at least start from 10%... and at some point during the period, start a small business... life is not easy, and the older you get, the harder it becomes... so start now so you shield yourself from the older age risk of not having the strength to do it... by the way, I am a 55-year-old man telling you this from experience, and I have recently started myself... am giving myself 10 years to do this... backing it up with business that will outlive me... think about that..
I moved back with my mom in 2023 and was able to save over $21,000 to date. I paid her $200/month for “rent.” I could have used that break from paying apartment rent to shop, go on vacations, and just spend frivolously. The only purchase I made was a new car since my 2012 Nissan finally broke down. If I could, I’d stay here another year but I’m about to go back out into the real world of adulthood 🙄😅
Wow. This video was the one! Game changer. I’ve watched loads of your videos over the past year or so - all inspiring - but I’ve not felt lead to comment (mostly because I watch you on my TV) but I had to grab my phone to comment this time! ‘SACRIFICE is good.’ You are so right. That visual with the 10Y, 5Y, 2Y example really hit home. I’m fired up and ready to see that money stacking in my accounts this year!! Thank you so much for the motivation. Be blessed x
Lael, your comment has made my day! Please comment more often and thank you for picking that phone up to do so. Each comment encourages us and other people ❤️
Hiya congrats on the book. This is how I started, 1 year of killing it. I used you guys and all the books about no spend for ideas to assess my own spending.
Excelletn video! I really want to become a Naturopath and have been studynig to become one for the past year but I have had to let them know for my year 2 I need to start it in July 2025 for a year of sacrifice. The course is not cheap and it has been a STRRRRRRRRRRUGGLE for a year! Need to sacrifice my dream just for the year and build my financial self back up alongside sacrificing other things Thank you so much for your video and encouragment
I am currently at the 20% rate for saving to include investing. In relation to investing I have just started my own investing. I have investment with a company, this I will leave until I retire, which is soon. As soon as I retire I will be learning to invest for fun and do that.
Thank you for this video. I have not given up anything but then I have always saved not as much as I should have done. I hope to retire in approximately 2 years and I have begun to undertake research, invest, build up a portfolio and invest in precious metals.
I intend to do some no buy months where I only buy the essentials as I have calculated that I'll be able to pay off my student loan by the end of the year with this approach. Excited to not see student finance on my payslips 😂
I used the booling frog technique in reverse. I made life gradually harder and shrank the amount of income we could spend bit by bit so we didnt notice a huge change.
Thank you Ken and Mary for your contribution to my quest for financial freedom. I have started reading The Richest man in Babylon, just fews pages into l already learnt about keeping 10 percentage of whatever income l get. I have not been applying this rule but henceforth it is a goal.
For me the sacrfice was eating at fancy restarurents which i have not done in ages. Also i used to be really nice clothes in my budget once a month but not done that.
Yup! But that sacrifice is key. One can work hard and still not see the fruits of their labour because they're not making important sacrifices or trade offs.
Please share more. Is the struggle that you can't afford the house? Or is there job loss? 'Cos surely some affordability checks were done before you bought the house. Or have things changed drastically?
Well.. after I bought it with the rest of the money I had saved did some reparations that needed to be done and soon after this the second kid appeared my wife stopped working and now I'm sort of living from one payment to another, I did stopped all the subscription I had 😅😅and now I got a year without being anywhere in holidays but still I'm struggling 😔
@@adrianchihaia5788 I think as long as you're able to cover all your essential outgoings and have cut back on areas that you can, you might need to accept that you're in for a tough few years. We went without holidays abroad for 5 years after we bought our house - we were trying to do the house up a bit then had a child. But you can do lots of fun things cheaply with children. Once your youngest is a bit older and gets some free nursery hours or maybe when they're at school maybe your wife will be able to take on some part time work - even a low second salary in a household can make a huge difference. Vinted is great for getting nice children's clothes at a great price.
@@adrianchihaia5788that just sounds like lack of financial planning for the new baby. Can you take on a side hussle to build up some savings? Can your wife work some hours from home?
Great video. My intention is that at the age of 60 (25 years from now), my sipp will be worth a minimum of £1 Million. I do this buy contributing a minimum of £700 per month when I get paid. I will then contribute the exact amount of anything I enjoy. For example: if I want to go to the pub and spend £60. I have to put £60 into the sipp. It’s surprising how little money I actually need to enjoy, and it’s absolutely crazy how fast my portfolio grows.
@@GSmetals drinking is actually permitted in Islam. Just don’t get drunk. It’s not that big of a deal! You’re allowed to drink alcohol in small doses and use it for cooking. Ps: No such thing as Muslim name. Cultures and languages and names have existed in those regions thousands of years before Islam was even a thing.
Loved the video, and your passion. Not sure how relevant this point is but we don't go to the pub on Sunday for Sunday roast dinners any longer but instead always cook.a meal.We have saved so much. money, and become better cooks... I am getting close to retiring and am doing quite a bit of overtime at work, the extra money is going into. my personal pension. 😂😂
A simple concept certainly in these times is to be FRUGAL and a miser. Hoard cash and live like a monk until things settle down. You'll accumulate a lot of savings for being a miser moving to the next 24 months.
Guys, our book has become a number 1 bestseller :). Order Financial Joy here: geni.us/financialjoy
I sacrificed my free time. I started doing overtime and all that money went towards my starter emergency fund of £2K. I built that in 2 months. Now i am paying off my debt and then will overpay what is left of my mortgage. I hope to be 100% debt free in less than 3 years. I've also now realised I was lazy and I don't feel like I am sacrificing anything now.
I have never had more than £500 saved in my life. Seeing that 2k feels so freeing and has built my confidence....its just the beginning.
What an inspiring comment 👏🏾 🙌🏾. Never despise your small beginnings. Keep going 💪🏾
@@TheHumblePenny Thank you
Great job!! How old are you??
Congratulations
That’s great!
I sacrificed buying designer bags & shoes and managed to max my ISA allowance for 2 years in a row. That's even with a 25% pay cut this year. God is good ❤❤🙏
That's absolutely amazing 👏🏾 😍
That’s amazing. 20k into an isa a year. I contribute £700 into a sipp monthly. I feel that my life has not changed in the slightest. I’m going to up the contributions to £750 next year and see if there’s any real difference. And so forth.
What is an ISA?
@@Denise_CocoaIndividual Savings Account. It's a tax-free savings account here in the UK. You can currently put £20,000 a year into the account without getting taxed
@Denise_Cocoa Individual Savings Account. You can put in max £20,000 per current tax year and your gains are tax free.
I’ve made so many life changing decisions by watching your videos and have even advised my siblings and friends. what I, family and friends have achieved include, paying off 🇺🇸 student loan in 1 year by paying down the capital, life insurances, stocks, buying electric cars(1 downpayment), and property investment. Bought financial books and watched podcasts. As a christian, i am sacrificing more in order to be more generous. Currently prioritizing health. 😊. Thank you 😊 for your videos.
The journey began with your videos. i make my hair myself,just weaving beneath and using braided wigs $10 from Nigeria.(Tip from Mary of the humble penny) And i use shear butter on my hair and olive oil.
I watched your videos on your electric car and advised everyone around me to get on board. Paying down capital on your house was and is still an eye opener. A family member used the strategy to pay off student loans in less than 1 year.
Your book is a must read this year.
Thank you very much. I must add that there is something calming about your channel. It distinguishes you from other channels. You are just doing something right. God loves this……. Well done.
The life changes you've experienced from our channel and work brings us a lot of joy. WOW! We are so honoured to be a part of the changing financial destiny that you and your family are experiencing :). Please keep spreading the word. If you haven't already, do share this link with friends and family to get our debut book. It will be a gamechanger for them geni.us/financialjoy
Sacrifice a year of your life for a better life - Ken dropping gems again!
Thank you 😊. Please share with others
I made the decision not to buy any clothing this year as I have more than enough to last me and I want to overpay my mortgage as much as I can.
Solid move 👏🏾👏🏾
Definitely doing the same. Good luck with it.
🙌🏾@@candyalex12
Yep
Yep sacrificing is necessary though not a fun topic. To put away my deposit for a house and other financial goals I have, I had to give up my favourite thing travelling for the past 3 years, not buying much clothes, stayed in a uncomfortable jobs as quitting when I really wanted would have affected my financial goals. I kept focused and pushed ahead and now I am in the position where I can do those things I want today. It wasn't easy at all but I'm glad I have improved my situation.
Jackie 🙌🏾🙌🏾🙌🏾. The best part about sacrificing is that it's only for a season. Look at you now 😍
@@TheHumblePenny thank you, yes you are so right. ❤️
This is so impactful from 10 to 2 years!! It’s an eye opener. 2 years ago I watched one of your videos where you challenged me to increase my income monthly by 25%!!! Man it wasn’t easy, I sacrificed my Saturdays and I was mad (intention) I think. But the pay off… in December was quite something. Super thanks for the videos… kept it coming it really helps. Sending lots of appreciation
I love it so much when people like you take what we share literally and apply it. Huge love to you ❤️
Thanks for this video Ken. Your illustrations of what could be achieved in a year and what that could mean really struck a chord. I always thought as a single person that house ownership was out of my grasp but I see now that this is possible. I don't have any significant debt (thanks for your earlier videos that helped me with this) and have started to invest, again thanks to your videos, but I see that I can take my financial situation to an even higher level. As you say sacrifice is not a trendy word but I am excited by the potential and opportunities that could be open to me through sacrifice. Bless you and keep up the good work, you are changing lives for the better!
Wow, and to think I almost didn't make this video! I'm so happy I didn't think it was too basic and made it. I'm excited for you! 😊
Say you earn £3000 a month, but between your mortgage, utilities, kids, travel expenses and food shop you’re spending over £2500 a month without spending money on takeaway or other “luxuries” tell me someone that can save 50% of their take home pay when their mortgage is 35-40% of their pay?
Where do you live? And how much did you borrow for your mortgage?
@@TheHumblePenny Scotland, around £200,000
It can be tough. Keep looking for ways to increase your income and then save every penny earned. Also look for ways to cut down living expenses for a year like he said. Think cheaper but value based items
CJ-11, in addition to the video and this advice, you can still save at least 10%.. based on what you indicated about your current financial status.. given your situation, you can start from at least 10% and grow that slowly.. you may need to sacrifice for 3 to 5 years as a goal, but at least start from 10%... and at some point during the period, start a small business... life is not easy, and the older you get, the harder it becomes... so start now so you shield yourself from the older age risk of not having the strength to do it... by the way, I am a 55-year-old man telling you this from experience, and I have recently started myself... am giving myself 10 years to do this... backing it up with business that will outlive me... think about that..
Thank you both so much. I’m sacrificing not just money spent on things I don’t need but also time being wasted on purposeless activities
Boom! 💥
I moved back with my mom in 2023 and was able to save over $21,000 to date. I paid her $200/month for “rent.” I could have used that break from paying apartment rent to shop, go on vacations, and just spend frivolously. The only purchase I made was a new car since my 2012 Nissan finally broke down. If I could, I’d stay here another year but I’m about to go back out into the real world of adulthood 🙄😅
Keep going 💪🏾
Congratulations 🎊 guys, saw you on This Morning today. Bigger height in Jesus name. New year, new opportunities and more to come. So inspiring🎉
Amen!!! 😊
Wow. This video was the one! Game changer. I’ve watched loads of your videos over the past year or so - all inspiring - but I’ve not felt lead to comment (mostly because I watch you on my TV) but I had to grab my phone to comment this time! ‘SACRIFICE is good.’ You are so right. That visual with the 10Y, 5Y, 2Y example really hit home. I’m fired up and ready to see that money stacking in my accounts this year!! Thank you so much for the motivation. Be blessed x
Lael, your comment has made my day! Please comment more often and thank you for picking that phone up to do so. Each comment encourages us and other people ❤️
Try working the figures on a low salary with less money after essentials i.e. housing, bills, food, travel, clothing
Hiya congrats on the book. This is how I started, 1 year of killing it. I used you guys and all the books about no spend for ideas to assess my own spending.
Excelletn video! I really want to become a Naturopath and have been studynig to become one for the past year but I have had to let them know for my year 2 I need to start it in July 2025 for a year of sacrifice. The course is not cheap and it has been a STRRRRRRRRRRUGGLE for a year! Need to sacrifice my dream just for the year and build my financial self back up alongside sacrificing other things
Thank you so much for your video and encouragment
Great stuff Ken! Please can you do a video on how to teach Kids about money! Thanks
Happy New year. Do overtime at job with bonus and save the money
Great!
I am currently at the 20% rate for saving to include investing. In relation to investing I have just started my own investing. I have investment with a company, this I will leave until I retire, which is soon. As soon as I retire I will be learning to invest for fun and do that.
Thank you for this video. I have not given up anything but then I have always saved not as much as I should have done. I hope to retire in approximately 2 years and I have begun to undertake research, invest, build up a portfolio and invest in precious metals.
I intend to do some no buy months where I only buy the essentials as I have calculated that I'll be able to pay off my student loan by the end of the year with this approach. Excited to not see student finance on my payslips 😂
It's the best feeling not seeing student loan payments coming out 😊
I used the booling frog technique in reverse. I made life gradually harder and shrank the amount of income we could spend bit by bit so we didnt notice a huge change.
Some people too scared to downgrade from an Ocado food delivery / Waitrose shop to get what they really want from life
Humble penny has an extremely focused and talks a lot of commercial sense and is helpful sharing his knowledge
🙏🏾
Thank you Ken and Mary for your contribution to my quest for financial freedom.
I have started reading The Richest man in Babylon, just fews pages into l already learnt about keeping 10 percentage of whatever income l get. I have not been applying this rule but henceforth it is a goal.
Amazing 👏🏾. Have you ordered our book? It will be an absolute gamechanger for you : geni.us/financialjoy
This was actually transformational, thank you!
Super! Please share with others.
Sacrifice is key. Great video!
Yes! Thank you!
For me the sacrfice was eating at fancy restarurents which i have not done in ages. Also i used to be really nice clothes in my budget once a month but not done that.
Great content thanks it is funny how sacrificing a little bit can make a big change
💯
Hardwork and dedication, that's about it really
Yup! But that sacrifice is key. One can work hard and still not see the fruits of their labour because they're not making important sacrifices or trade offs.
Family coffee/cafe trips take up an embarrassingly large amount of our potential savings!
Love your channel!!
Thank you 😊
Any tips for people that started to struggle after they bought a house 😅😅
Please share more. Is the struggle that you can't afford the house? Or is there job loss? 'Cos surely some affordability checks were done before you bought the house. Or have things changed drastically?
Well.. after I bought it with the rest of the money I had saved did some reparations that needed to be done and soon after this the second kid appeared my wife stopped working and now I'm sort of living from one payment to another, I did stopped all the subscription I had 😅😅and now I got a year without being anywhere in holidays but still I'm struggling 😔
@@adrianchihaia5788 how much deposit did you put down? And how much in your investment ISA?
@@adrianchihaia5788 I think as long as you're able to cover all your essential outgoings and have cut back on areas that you can, you might need to accept that you're in for a tough few years. We went without holidays abroad for 5 years after we bought our house - we were trying to do the house up a bit then had a child. But you can do lots of fun things cheaply with children. Once your youngest is a bit older and gets some free nursery hours or maybe when they're at school maybe your wife will be able to take on some part time work - even a low second salary in a household can make a huge difference. Vinted is great for getting nice children's clothes at a great price.
@@adrianchihaia5788that just sounds like lack of financial planning for the new baby.
Can you take on a side hussle to build up some savings? Can your wife work some hours from home?
Great video. My intention is that at the age of 60 (25 years from now), my sipp will be worth a minimum of £1 Million. I do this buy contributing a minimum of £700 per month when I get paid. I will then contribute the exact amount of anything I enjoy. For example: if I want to go to the pub and spend £60. I have to put £60 into the sipp. It’s surprising how little money I actually need to enjoy, and it’s absolutely crazy how fast my portfolio grows.
U drink 🤔
@@GSmetals yeah. Many Muslims do if you’re referring to my name. It’s not that big of a deal.
@@Abdul_Rahman86 u mean u just muslim by name
@@GSmetals drinking is actually permitted in Islam. Just don’t get drunk.
It’s not that big of a deal! You’re allowed to drink alcohol in small doses and use it for cooking.
Ps: No such thing as Muslim name. Cultures and languages and names have existed in those regions thousands of years before Islam was even a thing.
That’s inspiring
Thanks- really needed this
Fab! Please share with others.
really great video! tons of value, thank you very much :D
Glad it was helpful! Do share with others.
This is my year of sacrifice ijust looked at my book yesterday The Richest man of Babylon. I am going to add up all my incoming and then deduct 10%
Brilliant 👏🏾
Hi Ken, could you please do a video and compare index funds or stocks versus investing in properties
Loved the video, and your passion.
Not sure how relevant this point is but we don't go to the pub on Sunday for Sunday roast dinners any longer but instead always cook.a meal.We have saved so much. money, and become better cooks...
I am getting close to retiring and am doing quite a bit of overtime at work, the extra money is going into. my personal pension.
😂😂
Hey John 👋🏾, totally relevant!! 😊. Congrats on nearing retirement too. Every penny of that overtime work will matter.
Really great video thanks for the encouragement!
Ken love your advice
👊🏾
8 seconds in and I’ve hit the like button already 🎉
Whoop whoop! 😍. Please share with others
I remember my first job use to pay me £1k a month net. Someone said to me. 5 years = 60 months. That’s 60k.
Yup!!
Needed to hear this today. Thanks
You are so welcome. Share with others 👍🏾
Thanks Ken great video ❤
👊🏾
Most people don’t want to make the sacrifice necessary to build wealth.
💯. That's why most don't build wealth.
Thank you. Very helpful 👍🏽
You're welcome 😊
What ONE thing are you going to sacrifice to achieve your savings or financial goals? Comment below :)
A simple concept certainly in these times is to be FRUGAL and a miser. Hoard cash and live like a monk until things settle down. You'll accumulate a lot of savings for being a miser moving to the next 24 months.
Great video 👍🏿
Thanks for watching. Please share with others
Wow!!!!
Yes Kenny Boy 🎉❤💰
👊🏾