Assuming you’re a 30 year old as a kid, your £10 of pocket money in 1998 would need to be £22.51 to buy you the same time. That’s a 125.14% total inflation rate and it’s caused by careless government spending, low interest rates and the lack of a gold standard. So while yes, there are many things the middle class can do to not waste away their money, the main thing they need to do is hold their government to account.
I bought a sports car at the age of 25 (16 years ago). Great car but I took out two loans to pay for it. God how I wish I'd invested that money instead... Hindsight eh!
Homes are liabilities, not assets. It's just like a car. Money LEAVES your bank account each month to pay the mortgage. Homes are NOT assets for everyone.
Absolutely agree, we have been using few tricks and it does make a huge difference. For example putting but if effort and managing time, familly can save so much money on various things. Rather than going for wishes and feelings, one should be practical enough to save something for rainy days. It's not about killing your inner feelings but just being smart with money.Keep up the good work 👍🏼👍🏼👍🏼👍🏼
Can't agree more with the point on not investing. A great saying, if you think investing is risky wait until they give you the bill for not investing...
@Matt Brighton There's almost no excuse to not invest these days, investing platforms are so user friendly and channels like yours that just spell it out perfectly. Society is slowly realising that relying on a state pension once they retire is not the way to go. With the ever ageing population and population growth I can't see state pensions being sustainable for the long term.
I really try to enjoy the money I earn but still be sensible at the same time. My mortgage payments are high, but will be paid off well before my planned retirement age. I have finance for 2 cars, because I like cars. I think living is for living. At the same time, I have a decent amount in a private pension, I have a small military pension, and a decent defined benefit pension through work. I am new to investing and it has deffinately changed my mindset and I'm certainly not as frivilous with my wages anymore and to be honest I really enjoy the process! I can't believe how much my T212 ISA has grown in a few weeks through contribitions that would otherwise have been fritted away on items I don't need!
I completely get this - I'm looking forward to financing a more expensive car, for the enjoyment out of it, but it's a planned purchase / finance where I've built up extra income to pay for it without stretching my finances or destroying savings.
Giving man everything he could want, the perfect financial plan where every penny is accounted for, even then he will still be unhappy. He will strive to introduce chaos purely because he is man.
Check out hometrack, they release a monthly house index that looks at performance over the past year. That way you'll be able to look at house prices for your budget VS the best for capital growth at the moment - also check out the renovation schemes in city centres. I have a video about it on the channel
Investing Apps I use 👉 InvestEngine > go.mattbrighton.co.uk/investengine (Sign up, Invest £100 and get a £25 bonus) 👉 Crypto .com crypto.com/app/syk95b68c2 (Sign up & verify and get $25)
Makin money can be easy by having a job, but making money out of money is a game, Learn the Game of money and always have money, even if you are not doing any job...........
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Assuming you’re a 30 year old as a kid, your £10 of pocket money in 1998 would need to be £22.51 to buy you the same time. That’s a 125.14% total inflation rate and it’s caused by careless government spending, low interest rates and the lack of a gold standard. So while yes, there are many things the middle class can do to not waste away their money, the main thing they need to do is hold their government to account.
The views don’t match the quality of these videos man, will get the amount you deserve soon i bet !
That means a lot haha, thanks!
@@MattBrighton yeah bro
You've definitely read 'Rich Dad, Poor Dad'... love it!
Never keep up with the Jones. I've cut back any luxuries right back until I can get where I want
I bought a sports car at the age of 25 (16 years ago). Great car but I took out two loans to pay for it. God how I wish I'd invested that money instead... Hindsight eh!
Hopefully the car brought some joy for a while! :D
Homes are liabilities, not assets. It's just like a car. Money LEAVES your bank account each month to pay the mortgage. Homes are NOT assets for everyone.
Classic cars can be very good investments, if you are lucky. Not to mention fun.
Absolutely agree, we have been using few tricks and it does make a huge difference. For example putting but if effort and managing time, familly can save so much money on various things. Rather than going for wishes and feelings, one should be practical enough to save something for rainy days. It's not about killing your inner feelings but just being smart with money.Keep up the good work 👍🏼👍🏼👍🏼👍🏼
Brilliant vid as always , keep up the good work!
Thanks a ton!
Can't agree more with the point on not investing. A great saying, if you think investing is risky wait until they give you the bill for not investing...
A lifetime of missed investing isn't even bearable to think! Especially with the cost of living up, pensions becoming more and more challenged
@Matt Brighton There's almost no excuse to not invest these days, investing platforms are so user friendly and channels like yours that just spell it out perfectly. Society is slowly realising that relying on a state pension once they retire is not the way to go. With the ever ageing population and population growth I can't see state pensions being sustainable for the long term.
I really try to enjoy the money I earn but still be sensible at the same time. My mortgage payments are high, but will be paid off well before my planned retirement age. I have finance for 2 cars, because I like cars. I think living is for living.
At the same time, I have a decent amount in a private pension, I have a small military pension, and a decent defined benefit pension through work. I am new to investing and it has deffinately changed my mindset and I'm certainly not as frivilous with my wages anymore and to be honest I really enjoy the process! I can't believe how much my T212 ISA has grown in a few weeks through contribitions that would otherwise have been fritted away on items I don't need!
I completely get this - I'm looking forward to financing a more expensive car, for the enjoyment out of it, but it's a planned purchase / finance where I've built up extra income to pay for it without stretching my finances or destroying savings.
Giving man everything he could want, the perfect financial plan where every penny is accounted for, even then he will still be unhappy. He will strive to introduce chaos purely because he is man.
Can you please tell me which place is good to investing for property?
Check out hometrack, they release a monthly house index that looks at performance over the past year. That way you'll be able to look at house prices for your budget VS the best for capital growth at the moment - also check out the renovation schemes in city centres. I have a video about it on the channel
Investing Apps I use
👉 InvestEngine > go.mattbrighton.co.uk/investengine (Sign up, Invest £100 and get a £25 bonus)
👉 Crypto .com crypto.com/app/syk95b68c2 (Sign up & verify and get $25)
Range Rover 1000% liability
Makin money can be easy by having a job, but making money out of money is a game, Learn the Game of money and always have money, even if you are not doing any job...........