10 Things I Did DIFFERENTLY To Become Financially Independent

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FINANCIAL INDEPENDENCE UK - Here are 10 things I did DIFFERENTLY to become Financially Independent 😊 . Want to practically achieve Financial Independence this decade? Learn from us directly on our programme - FinancialJoyAcademy.com
★★ LINKS MENTIONED IN THE VIDEO ★★
The Case For Commitment - thehumblepenny.com/the-case-f...
How We PAID OFF Our Mortgage In 7 Years - • How We PAID OFF Our MO...
Should You Pay Off Mortgage Early Or Invest UK? - • Should You PAY Off MOR...
YOUR FIRST PASSIVE INCOME - • How To Make YOUR FIRST...
★★ WHAT TO WATCH NEXT ★★
How We SAVE 60% Of Our Income For Financial Independence UK - • How We SAVE 60% of Our...
9 QUALITIES YOU NEED TO REACH FINANCIAL INDEPENDENCE - • 9 QUALITIES YOU NEED T...
How We Live Well On A £50 FOOD BUDGET (Family of 4) - • How We Live Well On A ...
Our 8 Stages Of Financial Independence & Abundance UK - • Our 8 STAGES To FINANC...
WHY MOST PEOPLE REMAIN POOR - • 10 Reasons Why Most Pe...
How We PAID OFF Our Mortgage In 7 Years - • How We PAID OFF Our MO...
How Much Money You Should Have Saved By Aged - • How Much Money You Sho...
★★ WHAT TO READ NEXT ★★
10 Thing I Did Differently To Become Financially Independent - thehumblepenny.com/10-things-...
★★ SUBSCRIBE TO CHANNEL HERE ★★
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★★ ABOUT US ★★
We became Financially Independent aged 34 and our story has been featured on the BBC, Mail Online, Channel 5, Metro, etc.
We share content to inspire and teach others how to achieve Financial Independence and Freedom too 😊
MARY:
I'm married to Ken and we have two boys aged 6 and 4. I'm a Londoner, born in Hackney! :)
Day to day, I run the operations of The Humble Penny as a creative - doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.
When I'm not creating, I love vegan food, travelling, working out and doing some outdoor fun things with my husband and kids :)
KEN:
I'm a husband, dad, and a First-Generation Immigrant to the UK. I started life poor in the UK and I've spent the last 20 years on a steep journey of Personal Development.
CFO by day with over 12 years experience in the investment business. I'm also a Chartered Accountant and hold an MBA from Cambridge University.
To explore my creativity, I'm a blogger and RU-vidr by night. I create from my experiences as a family man and entrepreneur.
I have a passion for all things Financial Education, Business and Personal Development. I also love Photography, Music, Travel, and Sport.
★★ WANNA CONNECT? ★★
Blog - thehumblepenny.com
Insta - / thehumblepenny
Pinterest- www.pinterest.co.uk/thehumble...
Twitter - / thehumblepenny
Facebook - / thehumblepenny
★★ OUR ONLINE SCHOOL ★★
Visit our online school at Financial Joy Academy for Video Courses:
www.financialjoyacademy.com/
★★ About this video ★★
10 Things I Did DIFFERENTLY To Become Financially Independent,Financial Independence,Financial Independence UK,FIRE,FIRE UK,Financial Independence Retire Early,Financial Freedom,Early Retirement,fire movement UK,retire early UK,financial freedom UK,retire early,fire movement,fire movement documentary,playing with FIRE,wealth creation,money,qualities for financial independence,Ken Okoroafor,Retire by 40,minimalism,minimalism UK,passive income,passive income UK,money UK,the humble penny
★ ★ TIME STAMPS ★ ★
#1 - 3:52 - Embraced A New Attitude
#2 - 8:33 - Set North Star Goal
#3 - 10:25 - Ignored Uninspiring Friends
#4 - 13:00 - Be Employer Selective
#5 - 14:57 - We Paid Off Our Mortgage Early
#6 - 17:45 - Looked Beyond Boring Savings
#7 - 19:23 - Outsourced Money-Making To Assets
#8 - 20:52 - Focused On Ownership & Control
#9 - 23:33 - Had Income Goals
#10 - 26:16 - Stopped Talking About Financial Independence
Massive thanks for watching and following our channel :) ♥
Best, Mary and Ken Okoroafor
NOTE: For FULL Transparency, some links above may be Affiliate Links. We do NOT offer Financial Advice. Always do your own personal research.
#financialindependence #mindset #financialindependenceUK

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30 июл 2024

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Комментарии : 82

@TheHumblePenny 4 года назад

What's the number 1 thing stopping you from achieving Financial Independence? ★ ★ TIME STAMPS ★ ★ #1 - 3:52 - Embraced A New Attitude #2 - 8:33 - Set North Star Goal #3 - 10:25 - Ignored Uninspiring Friends #4 - 13:00 - Be Employer Selective #5 - 14:57 - We Paid Off Our Mortgage Early #6 - 17:45 - Looked Beyond Boring Savings #7 - 19:23 - Outsourced Money-Making To Assets #8 - 20:52 - Focused On Ownership & Control #9 - 23:33 - Had Income Goals #10 - 26:16 - Stopped Talking About Financial Independence

@ManCalledMif 4 года назад

great video. thanks for uploading. I'd like to begin to monetise a music career. I have some ability and am fortunate to have musician friends. I have been employed (in the FMCG industry) for enough years to have payed off my mortgage and have a small amount of savings. What's holding me back? I am slow to discern my aim or purpose and I'm quite introverted. Hopefully working on my music over the next few weeks and taking part in local gig opportunities will help me build my confidence.

@TheHumblePenny 4 года назад

Sounds like you're on the right path. These things take a while and a journey of self awareness is a big part of it.

@kerrylow6894 4 года назад

@@ManCalledMif Hi I would also ask close friends what yoy are the things you do very differently to otger musicians and also take tge opportunity to find out everything about other musicians you perform with and what they are aiming for? Staff at the gigs probably see several performers a month are you brave enough to ask them what they think is different about your music? Others can see aspects of your uniqueness easily but won't automatically offer their opinions.

@kerrylow6894 4 года назад

If all else fails the magic wand technique is obe i do annually. I imagine ive been given a wand and can have my dream life but i have to be specific. I take about a week coming back to it, adding detail, focusing on where am i, what am i doing? Who for ? Who is with me? Then work back... What did i do to get there? Who did i need to contact ? Right up to the question what can i do today no matter how small that will move me or my knowledge in that direction? I revisit the vision regularly and list what are the next things my hero would do to move forward? Then I make myself do it. Get your dream then tell others and eventually you will find the people or opportunities to help you. K

@poeticmic6219 4 года назад

I just found your channel today mate. I’m glad to say I found it. I think the name you chose is absolutely perfect 👌 I’ve had a love hate relationship with money for years. I’ve mostly seen it as a disempowering thing as I haven’t had as much control of my life as I would like. I’m about to start the process of retraining which will help me improve my initial pay grade to get started. I wish they taught this stuff in secondary school. But I won’t start on that subject, lest I go off on a tangent. In any case rate what your doing. I’ve subbed, liked and shared your channel with friends as you deserve a bigger audience. Kindest regards

@pandabossanna 4 года назад

I like the friends bit - it's such a good point. People can be so toxic and draining on your energy!

@TheHumblePenny 4 года назад

ABSOLUTELY!

@JenniferAMThomson 4 года назад

Great video and had a smile at the 5am commitment! Who ever is hitting that dislike button really needs to find a new hobby.....doesn’t stop the great content coming. Have a great week ahead!

@TheHumblePenny 4 года назад

Hey Jen, great to see you stop by! 😊. And thank you for showing love 💛

@GH-he5wf 4 года назад

@@TheHumblePenny Hey Ken! It was Jen's account that bought me here! I've watched every video of Jen's and now getting through yours whilst I'm isolating. You both have amazing content, very grateful to you both! :)

@TheHumblePenny 4 года назад

Much appreciated! 😀. Enjoy the binge watch.

@masterl14 4 года назад

You're really a blessed man! Thank you for this! SO happy I was able to resonate with alot of what you said, saw I was doing a few and can start to implement the rest! I hope to become a member some time soon!

@livviloo8653 4 года назад

My number 1 challenge has been getting my husband on board . I think he is starting to engage now . But we are older than you and have 14 years left on our mortgage . I have just renegotiated and knocked off 6 months in one day . Woohoo. He has agreed that the additional saving we can do as an overpayment and any windfalls we get will go to the mortgage too. Next step is project" increase income but avoid the creep"

@TheHumblePenny 4 года назад

I'm LOVING your marginal gains! 😉

@beautifuldreamer8803 4 года назад

Starting a active business with actual customers are my #1 challenge.

@TheHumblePenny 4 года назад

Sounds like you need some coaching 😀

@Sonny0276 2 года назад

Great Video. Thank you for posting.

@TheHumblePenny 2 года назад

👊🏾

@sheldoncannon977 4 года назад

Great video as always! Some hard truths in this one. Well done Ken and Mary!

@TheHumblePenny 4 года назад

Cheers, Sheldon!

@rachaelo3882 4 года назад

Lol Ken you are actually funny lol was watching this video with a grin. I definately agree with paying off your mortgage and the flexibility it provides and your comments about auditing your friendship circle. You become what you surround yourself with. Some very wise words here. You shot this video at 5am! Wow y'all are the real MVP👌

@TheHumblePenny 4 года назад

Haha Rachael! Thank you! I enjoyed making this one. I had so little time to make it and literally told it as it is! 😀

@kerrylow6894 4 года назад

I'm loving your work Ken. We are paying ours off so we are safe. Then we can take any risks we want with subsequent earnings. Just becoming debt free made us brave. I would never have attempted to write or started travelling outside the tourist trail with the kids but once you have a cushion and low expenses you can take more risk. I feel more in control of our life than ever. Grwat tips!

@TheHumblePenny 4 года назад

Thanks so much, Kerry! 😀. Your comment brings this to life! You're so right about the risk taking opportunities that arise. Also love that you'll without a doubt pass this mindset onto your kids too.

@kerrylow6894 4 года назад

@@TheHumblePenny the kids make me push myself because more is caught than taught. My daughter keeps taking assembly for the head at school! I have to live up to her level now!

@outdoorsman1140 4 года назад

Paying off a mortgage or building your house pot and buying cash when you decide to put down roots (as I did), gives huge piece of mind. Putting the money assigned for the former mortgage or house pot into a retirement growth pot sees it accelerate exponentially (in a similar manner to the getting out of debt process sees the house pot and retirement pot grow). With no mortgage, if or when your job is made redundant, you have very few outgoings and can live for extended periods on your emergency cash pot with minimal pressure. The piece of mind cannot be underestimated, so much so you can pick and choose which jobs you choose to take… In my case, after looking at numerous jobs and asking myself what I really wanted from life, I changed my approach from full on accumulation to semi-retiring, as I had crossed to line into lean FI without even realising it (I had blinkered myself for the full FI goal), and changed to coasting into full FI as a lifestyle option (and earning a fraction of what I used to, with a part-time job less than 15 minutes away, door to door) instead. I now work Monday and Tuesday, have Wednesday, Thursday and Friday off, and then it’s the weekend again! If I had a mortgage, I would have been under pressure to take any job. Full FI will happen in less than 18 months’ time whether I do anything more towards it or not… having no mortgage and being definite in what I wanted gave me this lifestyle option!

@TheHumblePenny 4 года назад

Hi Chris Your comment is GOLD! It's a pleasure to hear someone else share this reality 😊. Thank you

@outdoorsman1140 4 года назад

@@TheHumblePenny Although I knew what FI was years ago, I only learned about the FIRE movement in the last few months… I thought it was just me out there on my own being a bit odd, and a self-confessed tight ass when it came to controlling my outgoings, and building my assets! Now I find that there is a whole movement out there and they have/are applying the same broad general principles that I have been applying for years! Could I have done it better and quicker with the mutual teaching that the FIRE community are doing… Yes! But even if you do it roughly right, or do your own variation for your particular circumstances, it will still work!

@markd6838 3 года назад

I like this and have been thinking of doing similar. I moved to Wales from England and bought a house with cash. I have pensions maturing in 9 to 10 years and an amount in an ISA. I will probably quit my full time job in January and get a part time position close to home. I have little motivation to continue the 9 to 5 and would rather have less money and more time while im still able to BMX and do outdoor stuff without having a coronary.

@outdoorsman1140 3 года назад

@@markd6838 The best type of part-time work for enjoying the outdoors is a seasonal part-time job, working in the winter and having the summer off. Going part-time is a good way of phasing into full retirement if you choose to let go of work that you enjoy and keeping your hand in and keeping yourself engaged mentally with something that you have done for years. It’s nice to step back and not being more senior and have all of the pressures that come with it, but working at partial throttle, just over tick over, knowing that you could step up at any time you want to without pressure. If you step back from a more senior position, others might be surprised at what your tick over can deliver. It can be a shock having lots of time on your hands if you have spent years working flat out, so phasing into retirement is a good way to go. It might even be worth running for a while with 100% of all earned income (or anything over what you would have in full retirement) going into investments while you adjust and get used to knowing that you don’t need the money that you used to earn. It’s nice to be in a position where you choose to work and where they need you more than you need them. Good luck with your phased retirement.

@FreeToBe 4 года назад

Great video! I try to visualize my financial goals every day when I wake up. Your videos have really helped and even inspired some of the content on my channel, with a US focus!

@TheHumblePenny 4 года назад

Hey David, I appreciate you stopping by! Thanks for watching :)

@scalarnai 3 года назад

You're a very good orator in your presentation., very smooth, no ums and errs pauses in your sentence delivery. Thanks for all the excellent and free practical advice. Best wishes Ken

@TheHumblePenny 3 года назад

Thanks so much, Gary! Making these videos regularly helps A LOT with learning how to communicate 😊

@jacybabi 4 года назад

Great content!

@TheHumblePenny 4 года назад

Thanks!

@ivanov.roma2002 4 года назад

thanks for the video

@TheHumblePenny 4 года назад

👍🏼👍🏼

@gavindale6865 4 года назад

My number 1 challenge is changing my attitude towards starting my journey but watching these videos are helping I have got such a long way to go but if I don't start I won't se progress so here I go

@TheHumblePenny 4 года назад

Starting is hard and knowing where to start is hard too. But doing nothing is worse. Keep going 👊🏼

@lisaeadie1945 2 года назад

I agree totally with your tips a couple of years ago now I would not be able to recognise myself from looking for work I’m now studying in college and working part whilst time to help me save up towards my goal and now I’m working on increasing my credit score so I can get my dream goal which is financial stability and also getting myself onto the property ladder, I gave myself baby steps to achieve the goals I have set and I’m gradually getting there

@TheHumblePenny 2 года назад

😊💛. Keep going, Lisa

@seanyjtv 4 года назад

I am side hustling and throwing all of that at my mortgage as an over payment. Im even at boot sales and markets to make extra money and throwing that in too. I make sure I sell online and also sell things I no longer need on ebay, gumtree etc to make even more. Then in my spare time I have started to learn to code Having done this my circle of friends has got smaller but are more like minded

@TheHumblePenny 4 года назад

Sounds like you're making amazing progress, Sean! I like the coding learning. My brother runs a coding site. Check out: codehance.com/

@seanyjtv 4 года назад

This looks Good..Will check out the HTML lesson he has. Thanks for the link

@angiericketts5523 4 года назад

Great video, very inspiring. The biggest barrier in our journey to FI is the cost of childcare.

@TheHumblePenny 4 года назад

Childcare is a biggie! But it does pass over time.

@smartdesire8661 4 года назад

Hi Ken,I have listened to some of your blogs for weeks before I subscribed. They were all interesting and thanks for the selfless way you share all these precious knowledge along with such a powerful motivational speech. I want to ask if you can do a blog on Whether HELOC ( Home Equity Line Of Credit ) method of paying off mortgage early can work in UK as almost all the people that blog on HELOC base it on American Financial system and property market. Please your view on how to apply it in UK.ThanksEzeani CN.

@TheHumblePenny 4 года назад

Great shout! Noted. I'll look into it 😀

@adamryan3643 3 года назад

FJA is something that has always interested me. Interested in progressing financial independence. I have read your FJA web content but I was yes to see some case studies. Just wondered if you had a video or could make a testimonial video on how FJA helped them? Cheers

@TheHumblePenny 3 года назад

Hey Adam, we'll have these from September as we recently interviewed various Dream Makers and now need to actually put things together :)

@adamryan3643 3 года назад

@@TheHumblePenny thanks very much, really appreciated.

@kerrylow6894 4 года назад

Number 1 confidence. I get invited to do amazing stuff but I am very shy. Also balancing family with work is a challenge!

@TheHumblePenny 4 года назад

I so agree with the balancing challenge. It is HARD! About confidence, seeing me create on RU-vid today, would you believe that I grew up being labelled as shy all the time? I'd be mortified to stand in front of a class, etc! But today I stand on MANY platforms speaking to so many people. Confidence can be learned 😃

@kerrylow6894 4 года назад

@@TheHumblePenny that does really help! If its a skill then i should be able to learn it.

@TheHumblePenny 4 года назад

😉

@anitahaynes3111 4 года назад

My number 1 problem is lack of discipline, I’m trying to work on this but as I reflect on my life in general I see a common thread running through which is a lack of follow through...Any tips of becoming more self disciplined? 🤦🏽‍♀️

@TheHumblePenny 4 года назад

Hi Anita Very good question. This requires more than a RU-vid comment but I'll share some thoughts. Lack of self discipline and follow through is tied to lack of self belief (although you might not immediately see this as the problem). An easy win for self discipline and follow through is to seek out people who are achieving results and get to know them. Ask them to hold you accountable. This will do a lot for your self belief and mindset. Another thing I'd recommend is to spend some time alone thinking of your youth. Are there any key events that specifically knocked your self-belief? Were (or are) your parents supportive of you? Do you rely on the approval of others? Other questions to consider are: Have you achieved self-discipline in other areas of your life? E.g. in your work environment? If so, this might imply that you need someone (possibly a life coach) to help you create a life plan or at least to guide you past the challenge you have in your mind when it comes to doing your own thing. You might also spot certain ingredients in your work environment that you could recreate when it comes to a different environment such as doing your own thing.

@anitahaynes3111 4 года назад

The Humble Penny Thanks for your response, there is certainly a lot to unpack and I guess I really need to reflect and reassess...thanks for the pointers!

@___Saint 4 года назад

Great video.. very constructive

@TheHumblePenny 4 года назад

Thanks, Femigq!

@jeremynunns7496 3 года назад

#10 about not talking about financial independence rings home for me. Seems like it's still a taboo subject, but that's partly why I started mashing videos on it because I think it needs a bit of demystification and transparency!

@Alex-UK369 4 месяца назад

Thank you Ken ❤❤❤ ... How stupid I've been 🤦‍♂️🤦‍♂️🤦‍♂️

@TheHumblePenny 4 месяца назад

Not stupid at all :)

@mattleelidbetter 4 года назад

Hello do you do a video on how to invest into vanguard as this is something we are looking into many thanks

@TheHumblePenny 4 года назад

Have you seen our video on Investing For Beginners? We cover Vanguard in that video although we'll do much more in the near future.

@mattleelidbetter 4 года назад

@@TheHumblePenny ok I'll have a look I take it I can go direct on there website

@TheHumblePenny 4 года назад

You can, yes.

@Raetalkss 4 года назад

Only 4% achieve financial independence, WOW! As shocking as that is it not hat shocking, when you have conversations with people about money related topics many shy away or try to question why one would want financial independence !

@fireboy1301 4 года назад

You look good today

@TheHumblePenny 4 года назад

😉

@j_mck_4936 4 года назад

Have you stopped posting on fb?

@TheHumblePenny 4 года назад

Nope :)

@soneysebastian829 3 года назад

What if those friends love you alot ?

@TheHumblePenny 3 года назад

Stick with friends who truly love you. It's priceless!

@ScriptedHearts 4 года назад

Another great video.. Where's the best place to hold your stocks and shares? I currently use trading212 but if one is aiming for £500,000 and above... Safety & security concerns arise 😄🙊 Sites like HL are too expensive. Vanguard maybe? Thank you :)

@TheHumblePenny 4 года назад

I made a video today on how to choose an investment platform. The ideal platform will differ for each person :)

@ScriptedHearts 4 года назад

@@TheHumblePenny Thanks for the reply 👌