The Humble Penny
The Humble Penny
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I Invested £50k in a Business but It's LOSING Money. Should I Quit?
Mark invested £50k in a Business but It's LOSING Money. Should he Quit? Welcome to The Humble Penny Show. Want to phone in? Call us on (+44) 07362590242 (Mondays ONLY from 1pm to 2pm BST). We don't offer Financial Advice!!! One Call Per Person ONLY. For in-depth coaching with us, join Financial Joy Academy financialjoyacademy.com 😀
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★★ ABOUT THIS VIDEO ★★
We were speakers at the Money Matters festival by Vestpod and this was filmed at Koko in London.
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★★ ABOUT US ★★
KEN:
I'm married to Mary (the other half of The Humble Penny) and I'm a proud dad.
Former CFO by day with over 12 years of experience in the investment business. I'm a Chartered Accountant and hold an MBA from Cambridge University.
To explore my creativity, I'm a blogger, UA-camr, speaker, etc. I create from my experiences as a family man and First Generation Immigrant.
I have a passion for all things Personal Finance, Business, and Personal Development. I also love Photography, Music, Travel, and Sport.
We became Financially Independent at age 34 and our story has been featured on the BBC, ITV, Financial Times, The Sunday Times, etc.
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#sidehustle #startingasmallbusiness #business
★★ WHAT THIS VIDEO IS ABOUT★★
I Invested £50k in a Business but It's LOSING Money. Should I Quit?
Переглядів: 1 070

Відео

How To Pay Yourself As a LIMITED COMPANY - Directors Salary - DIVIDENDS vs SALARY UK 2024/2025
Переглядів 2,3 тис.День тому
BEST WAY TO PAY YOURSELF As a LIMITED COMPANY 2024/2025 - 3 SCENARIOS - i) DIVIDENDS vs SALARY UK ii) Pension vs Dividend vs Salary iii) Salary ONLY. Learn the most TAX EFFICIENT Director's Salary to pay yourself. Download FREE Spreadsheet used here: thehumblepenny.com/DVS. Order our bestselling book 📕 Financial Joy: geni.us/financialjoy. A 10-week plan to help you Banish Debt, Grow Your Money ...
I'm in £21k Debt. Should I Invest in Crypto to Become Debt-Free Quickly?
Переглядів 1,3 тис.14 днів тому
NEW FORMAT 🙌🏾. Welcome to The Humble Penny Show. Want to Phone in? Call us on ( 44) 07362590242 (Mondays ONLY from 1pm to 2pm BST). We don't offer Financial Advice!!! One Call Per Person ONLY. For in-depth coaching with us, join Financial Joy Academy financialjoyacademy.com 😀 👉🏽Order our Sunday Times Bestselling Book, Financial Joy: geni.us/financialjoy 👉🏽Visit The Humble Penny Shop - shop.theh...
This Mum of 3 Went From ZERO to £470/Month EXTRA Income With a Membership Website
Переглядів 3,8 тис.21 день тому
Book a Free call with Ken to start your membership site: thehumblepenny.com/Architect. Membership Websites provide a sustainable way to make recurring income monthly using your EXISTING Skills. SUCCESS STORY: This interview shares how this mum of 3 went from Zero to making £470/month and growing in only 14 weeks! Enjoy! 😀. 🟢Spaces are limited and we only ever work with a maximum of 12 people fo...
What does Financial Joy mean to you?
Переглядів 2,4 тис.Місяць тому
Order our Sunday Times Bestselling book 📕, Financial Joy: geni.us/financialjoy . In this video we we share our journey to designing a life of Financial Joy i.e. a balance of Wealth (achieving Financial Freedom) and Well-being (prioritising fun, family life, fulfilling work, health, etc) and how you can do the same starting today. Financial Joy is for everybody 💛 Join Financial Joy Academy: www....
ESCAPE PLAN: How to Break The Paycheck To Paycheck Cycle
Переглядів 8 тис.Місяць тому
Order our Sunday Times Bestselling book 📕, Financial Joy: geni.us/financialjoy . Today, I'm sharing 8 steps to help you manage your money when things are tight or if you're living paycheck to paycheck. Join Financial Joy Academy: www.financialjoyacademy.com/ Visit The Humble Penny Shop - shop.thehumblepenny.com/collections/all BOOK 121 COACHING: checkout.financialjoyacademy.com/power-hour/ BOOK...
ITV1: Katie Piper's Breakfast Show Money Q&A with The Humble Penny
Переглядів 5 тис.Місяць тому
Order our bestselling book 📕, Financial Joy: geni.us/financialjoy (soon to become a Sunday Times Bestseller). We were guests on ITV1 Katie Piper's breakfast show to teach the nation how to manage money on a tight budget, start investing, improve credit score, become debt free, etc. Enjoy! 😍😍 ★★ WANNA CONNECT? ★★ Read our Blog and contact us - thehumblepenny.com Follow on Instagram - instagram.c...
The Shocking Cost of Weddings and How to Avoid Breaking the Bank
Переглядів 3,4 тис.Місяць тому
Order our Sunday Times Bestselling book: geni.us/financialjoy. Today we share the real cost of weddings and getting married and tips for how to plan a wedding on a budget without breaking the bank. Visit The Humble Penny Shop - shop.thehumblepenny.com/collections/all BOOK 121 COACHING: checkout.financialjoyacademy.com/power-hour/ BOOK Financial Freedom Coaching - checkout.financialjoyacademy.co...
How I Would Invest £30,000 In My 30s
Переглядів 7 тис.2 місяці тому
Open an account to invest in passive investment plans for retirement with XTB: geolink.xtb.com/Ot7o5 (AD). For today's video, I share How I would invest £30,000 if I was in my 30s. Order our Sunday Times Bestselling book 📕, Financial Joy: geni.us/financialjoy Visit The Humble Penny Shop - shop.thehumblepenny.com/collections/all BOOK 121 COACHING: checkout.financialjoyacademy.com/power-hour/ BOO...
We Made History As Sunday Times Bestsellers. Enjoy the Financial Joy book launch ❤️
Переглядів 3,3 тис.2 місяці тому
Highlight video of the Financial Joy book launch. We made history as a couple becoming Sunday Times Bestsellers 😍😍. Order our book here geni.us/financialjoy The energy and community vibe that night was SO beautiful. Every time we've watched this video, it reminds us of the importance of never giving up on your dreams and life's vision. Glory to God, and may this only be the beginning 🙏🏾🙏🏾 Finan...
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Переглядів 3,4 тис.2 місяці тому
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Переглядів 3,6 тис.3 місяці тому
We NEED Your Help! (please watch till the end)
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Переглядів 4,1 тис.4 місяці тому
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Переглядів 11 тис.5 місяців тому
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Переглядів 3,6 тис.5 місяців тому
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Переглядів 18 тис.5 місяців тому
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Переглядів 14 тис.5 місяців тому
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Переглядів 3,1 тис.6 місяців тому
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Переглядів 2,3 тис.6 місяців тому
10 Foolproof Frugal Hacks to Conquer Christmas Overspending!
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Переглядів 4,7 тис.6 місяців тому
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Переглядів 8 тис.7 місяців тому
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Переглядів 3 тис.7 місяців тому
How Falling Inflation Is Affecting Your Personal Finances

КОМЕНТАРІ

  • @user-ns5yn8ux2u
    @user-ns5yn8ux2u День тому

    I agree, but in what ways should you invest in yourself?

  • @stormywaters2920
    @stormywaters2920 День тому

    very useful content. thank you

  • @Trendithings
    @Trendithings 2 дні тому

    Probably your best video 😊

  • @onegrumpychef2836
    @onegrumpychef2836 2 дні тому

    A man wont do anything till he has to. Then When he has to, he will do anything

  • @wellnesswithbukola
    @wellnesswithbukola 2 дні тому

    Pls equities means?

  • @crownedwithcoils3363
    @crownedwithcoils3363 2 дні тому

    This video has really shifted my mindset for the coming week. Thank you Ken, God bless you continually 🙏🏾

    • @TheHumblePenny
      @TheHumblePenny 2 дні тому

      God bless you too! Keep going 💪🏾. Please share this video with others

  • @privateprivate2421
    @privateprivate2421 2 дні тому

    I love how authentic you guys are.

    • @TheHumblePenny
      @TheHumblePenny 2 дні тому

      Thank you 😊. Please share this with others

  • @sugs1191
    @sugs1191 3 дні тому

    Really like your informative content, presenting style. Will be purchasing your book soon.. regards from Sri Lanka/London

  • @RoyPeters1
    @RoyPeters1 4 дні тому

    Sp500 is a smart move for the long term.

  • @Money-Fast-Plan-a
    @Money-Fast-Plan-a 4 дні тому

    *"Your problem isn't the problem. Your reaction is the problem."* _

  • @priyavandueren
    @priyavandueren 4 дні тому

    State pension can be cancelled and let people save money themselves for their retirement from their salaries

  • @ajokenoni3239
    @ajokenoni3239 4 дні тому

    Congratulations, I know you are still going more Higher in Jesus name, so happy for you🎉🎉🎉

  • @tejuoduntan4349
    @tejuoduntan4349 5 днів тому

    I won't sell just yet. I would expand to other non vegan options, research the market, and see where the opportunities lie. Register with Uber Eat and others, and look at expanding the geographical reach of the biz. I believe you can make a success out of that biz bro. You can do it!

    • @TheHumblePenny
      @TheHumblePenny 2 дні тому

      Good suggestion. However, he's super pro vegan living.

  • @clarenceishmael9615
    @clarenceishmael9615 5 днів тому

    What I definitely would not do is take any more money out of my investments and savings. Cut your losses and try and get some training in how to get a small business off the ground. Maybe find someone who can mentor you one day a week for free? 🤷🏽‍♀️ Tough one. 😢

    • @TheHumblePenny
      @TheHumblePenny 2 дні тому

      Good suggestion. Or get a paid business coach of you want them to commit real time to you and your business.

  • @lylan8737
    @lylan8737 5 днів тому

    Can i include my 401k? If i include 401K then i just hit 100k but if i exclude my 401K then it would be 80K in two platform investments and a little cash . Please let me know if i can count 401k too

  • @PassportG
    @PassportG 5 днів тому

    Most ppl eat meat. The vegan thing is too niche. Especially in the uk. Where meat is a staple part of the dish.

  • @EppingForest304
    @EppingForest304 5 днів тому

    Veganism is a niche market… add some meat to your menu!

  • @harrysahota4072
    @harrysahota4072 5 днів тому

    The vegan business model is very niche, unfortunately, in a village location there simply may not be the customer base to sustain the business.

  • @TheHumblePenny
    @TheHumblePenny 5 днів тому

    What would you guys do in his shoes? comment below

  • @saraholaifa6158
    @saraholaifa6158 5 днів тому

    It’s better to fail fast and move on

  • @saraholaifa6158
    @saraholaifa6158 5 днів тому

    Sell the business, take it as a lost, go back to your job.

    • @TheHumblePenny
      @TheHumblePenny 5 днів тому

      Thanks for sharing. Let's see what others think :)

  • @debowaleomole6634
    @debowaleomole6634 5 днів тому

    You make me believe 'it is possible'!!! This is so good. Your book is so good. Congratulations, and well done to you and Mary again. You so deserve this. ❤

    • @TheHumblePenny
      @TheHumblePenny 5 днів тому

      It is possible 100% 😊💪🏾💪🏾

    • @TheHumblePenny
      @TheHumblePenny 5 днів тому

      If you haven't already, we'd appreciate you writing us a review on Amazon and Good Reads. Tell people what you specifically love about the Financial Joy book and include a photo of the book if you can :)

  • @madeyemi55
    @madeyemi55 5 днів тому

    Amazing and well deserved

  • @Baecationhut
    @Baecationhut 6 днів тому

    What if the business wil be done online can you register it and if you wil be doing it on your own

    • @TheHumblePenny
      @TheHumblePenny 5 днів тому

      Yes you can. Our business is online too

  • @dorothyd2559
    @dorothyd2559 6 днів тому

    Well done...

  • @AFocusedLiving
    @AFocusedLiving 6 днів тому

    I would of loved to attend 😊

    • @TheHumblePenny
      @TheHumblePenny 6 днів тому

      It was amazing 👏🏾. Do you work there? Or another company?

  • @TheHumblePenny
    @TheHumblePenny 6 днів тому

    🟢 Order your copy of Financial Joy 📕 here: geni.us/financialjoy . Available on Amazon, Waterstone's, Audible, etc.

  • @joeoluwa6532
    @joeoluwa6532 6 днів тому

    A word is enough for the wise❤

  • @joeoluwa6532
    @joeoluwa6532 6 днів тому

    Very true brother

  • @louise3507
    @louise3507 7 днів тому

    Internal investment and external investment are vital.. I just got to figure out what can I learn next move into... I haven't figured that out.. Yet

    • @TheHumblePenny
      @TheHumblePenny 6 днів тому

      This is key! If you need coaching to do this and actually take action, join us at Financial Joy Academy FinancialJoyAcademy.com

  • @charleedell92
    @charleedell92 7 днів тому

    That's just bonkers! It's more about impressing other people when that amount of money is being spent on one day. Fair enough if the couple or their family are loaded but if that's not you, why put yourself under financial strain for years to come?!

  • @BeNiceey
    @BeNiceey 7 днів тому

    So true the best investment is in yourself so you can make strategic, informed decisions ❤

  • @siakelley2345
    @siakelley2345 7 днів тому

    1

  • @danaiconquers
    @danaiconquers 7 днів тому

    love the love you have for each other ADMIRABLE

  • @danieladcock5224
    @danieladcock5224 7 днів тому

    Hi Ken, helpful video! I’m currently sole trader hoping to go LTD. Do LtDs pay tax on accounts on personal tax? Ie the 50% In advance. Or is it one payment per year for liability? Such a hindrance on cash flow! Much appreciated your reply.

  • @deborahadams2701
    @deborahadams2701 7 днів тому

    Interesting point about writing life assurance\insurance into trusts. What real benefit should this add?

    • @TheHumblePenny
      @TheHumblePenny 7 днів тому

      Keeps any payout outside of your estate for inheritance tax purposes.

  • @olivejay9811
    @olivejay9811 7 днів тому

    I stopped bashing individuals against their decisions to love from a distance with parents, siblings or extended family alike. Whatever the situation with her son, I pray he forgives himself first then his mom and move towards dialogue. She may be oblivious of her offence. Talk it out. Mothers are not infallible. They make mistakes as do we.

  • @sylviarapheal7399
    @sylviarapheal7399 7 днів тому

    Budgeting is underrated but it is very important, and sticking with your budget is even more important.

  • @sarat6787
    @sarat6787 8 днів тому

    Great video, Ken! so much detail in here! 🙌

  • @charleedell92
    @charleedell92 8 днів тому

    My situation is not typical as I had to take medical retirement after a life changing accident, but I had a public sector pension that I had never really thought about, never expected that I would get anything back from it as my granddad died at 65 and my nana got nothing so I had quite a poor impression of pensions, but mine came through for me. I got a lump sum to pay off my mortgage and a low but secure income for the rest of my life. I bet there are many people like I was who actually have some kind of workplace scheme that they may not be aware of. It can be a real blessing when you need it most to find out that you do.

  • @AFocusedLiving
    @AFocusedLiving 8 днів тому

    Where can I watch the full video😊

    • @TheHumblePenny
      @TheHumblePenny 7 днів тому

      ua-cam.com/video/DmdYWehpb5Q/v-deo.htmlsi=YlAgsRbbjPvNHSYH

  • @destinyadam1868
    @destinyadam1868 8 днів тому

    You two are just amazing! I really appreciate your content and I have learned so much from you 🙏🏾

  • @IOSALive
    @IOSALive 8 днів тому

    The Humble Penny, amazing content keep it up