HOW TO BUILD WEALTH ON A LOW INCOME 2024. JOURNEY TO FINANCIAL FREEDOM & IMPROVE FINANCIAL WELLBEING
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- เผยแพร่เมื่อ 7 พ.ค. 2024
- OPEN FOR INFO - In this video, we're tackling the challenge of building wealth on a low income in 2024 amidst the ongoing cost of living crisis. Join me as I explore practical strategies and tips to boost your financial wellbeing and navigate today's economic landscape.
Things mentioned:
Trading 212 Free Share up to £100 - www.trading212.com/invite/FffeVRq9 - if this link doesn't work use code FffeVRq9 when signing up. T&Cs apply. Capital at risk.
I have loads of free budgeting printables over on my website if you'd like to get a free budget tracker sheet to help you with your financial wellbeing just go to my website larajoannajarvis.com and head to the "shop" :)
Pension referral - getpenfold.com/refer/larajarvis
The credit card I use for free flights & cashback - americanexpress.com/en-gb/ref... (get 6,000 free AVIOS points when you join, make sure you can pay off in full each month)
Check out all of my other money mindset, financial wellbeing and cost of living finance videos once you've watched this video : You may like my budgeting tips and money saving ideas videos -
• Budgeting and No Buy Year
In this video to help you build wealth on a low income, we cover:
Budgeting: Learn how to manage your finances effectively and make the most out of every pound.
Investing: Discover low-cost investment options and start growing your wealth, even with limited resources. (do your research here)
Side Hustles: Sharing ideas to increase your income and accelerate your financial journey.
Mindful Spending: Master the art of conscious consumption, intentional spending and prioritise your long-term financial goals.
Negotiation Skills: Unlock the power of negotiation to save money and increase your earning potential.
Additional Tips: From leveraging your skills to taking care of your health, I'm sharing actionable insights to help you thrive financially.
Whether you're looking to save for the future, get out of debt, or simply improve your financial wellbeing, this video is packed with valuable information to guide you towards financial success.
Don't let the cost of living crisis hold you back. Take control of your finances and build the life you deserve. I'm excited for you to start your journey to financial freedom!
Some of my other money saving videos which might be helpful :
How to do a no buy year - • No Buy Year 2022 How T...
How to get out of a bad financial position - • Financial Resolutions!...
Money Habits to change your life - • 17 LIFE CHANGING MONEY...
♡ S O C I A L M E D I A ♡
Come and find me on Instagram if you want to see things like my budget outfit ideas, ways to make your money go further and more of what I get up to. larajoannajarvis
My Amazon store is linked for you here with everything I recommend for home, storage, fashion, skincare, cleaning, travel and more
www.amazon.co.uk/shop/larajoa...
My Budget Best Life FB Group is free to join and is a really supportive community of budget friendly people!
Lots of love, Lara x
All of my music is from Epidemic Sound:
www.epidemicsound.com/referra...
The links above could be affiliate links, which means if I have inspired you to make a purchase and you choose to buy something through one of these links, I may receive a small commission on the sale, as a way of thanks. It makes no difference to you as a buyer or the cost you pay, but I may receive a small compensation from the brand via rewardStyle or Amazon etc.
The information discussed on this channel is for educational & entertainment purposes only. It should not be considered advice. Please do your own research and I encourage you to seek professional tax, legal, and financial advice, before making your own actions and decisions.
All notes believed to be accurate at the time of posting but not guaranteed.
#financialliteracy #buildwealth #financialfreedom
Happy getting 4.5 % interest from the bank at the moment 👍
Absolutely gorgeous
I'd love to know how to set up a stocks and shares isa...i sighed up but felt so overwhelmed by all the different options. Did you do yours through a highstreet bank or did you see a financial advisor? TIA x
Ive got a vanguard stocks and shares managed Isa and mines currently up about 9-10% and this is the highest its been in 2 years. Which 212 stocks do you recommend - I know you’re not a financial advisor and cant give financial advice but I am asking for your opinion🙏🏼🙏🏼 xxxxx
Me & my husband are both self employed and we get paid each day as we work so it’s very difficult to keep track of our income. Do you have any tips for our situation?
If you have the margin to start, you could budget retrospectively. I know someone who puts all their earned money as it comes in into a savings account. Then the next month she knows how much she’s earning that month because it’s already in her account. Then repeat the process. While you’re living off of last month’s earnings, you put the new month’s earnings into savings.
Or, can you accurately forecast how much you’ll earn? Is there a minimum amount you know you’ll always get? Then make sure your everyday expenses are under this minimum. Then list your wants/extra expenses in order of importance and pay them in order as you earn it. Dave Ramsey has some good tips on budgeting with irregular income. Good luck xx
@@Pandorash8 thank you so much that’s very helpful
I would set a date per month to treat as a “payday” and use what ever money is left in your acc/joint acc then use this money to save/invest - doesnt mean change your habits, but add a habit of squirrelling money.. I don’t really scrimp or aim for a savings amount, rather just use what ever is left at the end of each month.. I put 50% into my Monzo easy access per month at 4.1% interest, 25% into stocks and shares and 25% as rainy day or paying off debt like mortgage etc I do this regardless of whether I’ve saved £10 or £500
Love this I needed to get out of debt and found cash stuffing videos on TH-cam and love I it I made my channel so I couldn’t cheat and hope to help someone who needs help
I’ve managed to save money and pay off debts though it’s still a hard adjustment and sometimes fail I always start fresh the next month
Great to hear how well you've done! I find cash stuffing to be great too, but digital stuffing so I don't lose it haha. It's great to pick yourself up and try again if you do feel like you've not managed to achieve what you want, rather than spiralling and feeling like you've "failed" - much better mindset! xx
The next few months I'm going to be doing a bare bones budget to get debt paid off 🙃
Best of luck! It's such an amazing feeling once you've done it - remember it doesn't last forever, and it is such a weigh lifted once it's done. Good luck! x
@LaraJoannaJarvis iv got about £4000 left to pay, it was £12000 so finally see the light at the end of the tunnel x
Wow, that's amazing work, well done! x
@@clairescott6540 Bravo!!!
Well done you can do it 😊
No new information here. Same rehashing, like always.