My Net Worth at 29 | Renting in London | 2024 Net Worth Update

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  • เผยแพร่เมื่อ 5 ก.พ. 2025
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ความคิดเห็น • 269

  • @Exceldividends
    @Exceldividends  หลายเดือนก่อน +1

    The Net Worth tracker is NOW AVAILABLE on the investment tracker spreadsheet which you can get at the link here : www.exceldividends.com/free-download/ or at the link in the description. You will have to sign up for the newsletter but it is completely FREE.

    • @yy4770
      @yy4770 หลายเดือนก่อน

      goat

  • @AKHalex
    @AKHalex 27 วันที่ผ่านมา +48

    Really nice to see a more realistic, down to earth video like this, compared to everybody else on TH-cam who apparently has millions by the age of 30.
    I am 28 and I have about the same as you. We are young, and 30.000 is a pretty good amount. We still have decades ahead of us, and I feel like we are off to a good start!

    • @Exceldividends
      @Exceldividends  27 วันที่ผ่านมา +2

      The people you tend to see posting their net worth are usually bragging! I'm hoping I can brag at some point, but we're still at the early stages. Good luck to you!

  • @SpacedExplorers
    @SpacedExplorers 21 วันที่ผ่านมา +10

    I'm 38 and my net worth is 37 dollars. You have done far better than most. Congrats!

    • @Exceldividends
      @Exceldividends  21 วันที่ผ่านมา +5

      It’s not a competition!

  • @interestedinmostthings6438
    @interestedinmostthings6438 หลายเดือนก่อน +53

    Your young, you have your whole life ahead of you, I know a lot of people who would love to be that well off. Keep going and continue what you are doing. I have learned quite a lot recently and changed a few things and I can see the improvements in my financial habits, it’s paying off now, I’m just about 25 years older than you. You’re in a lot better place than lots.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +3

      Thanks for the kind words. There’s still a long way to go! Good luck.

    • @Dorian-pn5rc
      @Dorian-pn5rc หลายเดือนก่อน +1

      Buy XRP, it’s going to 8x minimum between now and q4 2025. Price target of $20. Watch the crypto sniper and stop being a normie. Merry Christmas.

    • @ld7096
      @ld7096 หลายเดือนก่อน

      *you’re

    • @jackwilliamburgess
      @jackwilliamburgess 20 วันที่ผ่านมา

      @Dorian-pn5rc Lols

    • @Dorian-pn5rc
      @Dorian-pn5rc 20 วันที่ผ่านมา

      @@jackwilliamburgess I’m 400% up in 5 months, lols. Stick to bugman finance and maybe you’ll be able to afford a maisonette when you’re 74

  • @yunuskasim6244
    @yunuskasim6244 หลายเดือนก่อน +29

    Well done mate, you're on your way to that 100k. Next stop 50k!! Once you hit 1hunnin it becomes easier 🙌🏾😤

  • @Hustlémon
    @Hustlémon หลายเดือนก่อน +18

    Great Networth for someone who started in 2021.
    I would state only for security reasons, instead of revealing the banks names, blank the name and say 'Bank 1', 'Bank 2', etc.
    I advise this to cover your back incase of fraud. You will be asked had you ever shared your bank details pubically, to which, this may fall under that category. Better to be safe than sorry. Good luck with your growth 👍🏽

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +6

      That’s a good point. Hadn’t thought of that. Thanks

  • @Liensy
    @Liensy หลายเดือนก่อน +9

    Well done mate, you started investing much earlier than me. I wish there was more info and people like yourself 10 years ago. People in their early 20s will hopefully see this and it will help with their mindset. This wasn't a waste of time at all.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      Thank you! This is why I do it.

  • @MJforever127i
    @MJforever127i 29 วันที่ผ่านมา +2

    if you keep going you are going to be in a really great position when you're older. You've cracked the code so early in life which is an awesome thing. Keep going!!

  • @tomw34
    @tomw34 3 วันที่ผ่านมา

    Uncanny how similar we are - just stumbled across your channel, I'm 31 and have a spreadsheet so similar for my net worth and update it etc, I thought I was alone doing that sort of thing! Haha.

    • @Exceldividends
      @Exceldividends  3 วันที่ผ่านมา

      Haha that’s very cool to hear! Keep it up, hope it’s going well for you!

  • @nosharesnogains8505
    @nosharesnogains8505 หลายเดือนก่อน +5

    Nice! Love to see the transparency, I'm in a similar net worth but the best thing to do is just only compare yourself to the last year

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Glad to hear it. Yes, I hate comparing myself to others!

  • @callumaccounts
    @callumaccounts 20 วันที่ผ่านมา

    I also rent in London and my charts look very similar to yours (I’m just a few years younger so slightly less on the investment front). You’re doing a great job!

  • @RiskOnInvestor
    @RiskOnInvestor หลายเดือนก่อน +2

    Nice one George! Since mid 2022 that NW graph is just up and to the right - long may it continue. I think you summed it up perfectly when you said it's about building habits

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +2

      Thanks Chaz. Good money habits are the start of it all!

  • @georgec2894
    @georgec2894 28 วันที่ผ่านมา +1

    Great video, great mentality, great trajectory... and most importantly: great name! regarding net worth, you're well above the median according the most statistical databases.

    • @Exceldividends
      @Exceldividends  28 วันที่ผ่านมา

      Thank you, fellow George!

  • @1ShelbyLea
    @1ShelbyLea หลายเดือนก่อน +1

    Good video. We are the same age. It’s hard knowing if you’re doing well or not in life. People either down play or exaggerate. So getting an insight into someone of similar age is really useful :)

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      Absolutely, take a look through the comments and you’ll see big variations in opinions.

  • @jackfozzard7788
    @jackfozzard7788 หลายเดือนก่อน +3

    i think your doing great most people live paycheck to paycheck or have a few thousand at best i recently just reached 6 figures at 30 and it feels great just opening up all your options to travel buy a house or not work any overtime.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +2

      Damn that’s good to hear! Keep up the grind.

    • @jawlig
      @jawlig หลายเดือนก่อน +2

      Exactly why my goal is 100k by 30. It's for the options it gives you. Want to buy a house? Use a chunk on the deposit. Want to travel? Can afford to. Want a career break to learn new skills? You're covered. Need a one-off medical procedure? Can likely afford it privately. The list is endless.

  • @CaraxYT
    @CaraxYT 29 วันที่ผ่านมา +4

    Great video! You've got a very calm style which I really like. A suggestion - I have no idea if you're employed but presumably there is a pension balance you could start including as well? I think people would be interested and it will get more and more relevant as the years pass etc.

    • @Exceldividends
      @Exceldividends  28 วันที่ผ่านมา +2

      Thank you! Yes I do have a work place pension, something I missed in this video, will be in the next update!

  • @simplewelshman
    @simplewelshman 25 วันที่ผ่านมา

    You're doing just fine, I was in the military at your age (subsidised housing) but only had a £3K savings pot at that point in 2004. Keep going, you're doing great.

  • @noizymoney7067
    @noizymoney7067 25 วันที่ผ่านมา +1

    Nice one mate! Keep going, discipline, consistency, compounding and keeping it simple is all one needs to increase net worth. Stay hungry and humble.
    I’m 11 years older than you, came to the UK in 2009 with dreams and few hundred pounds in my pocket with my gf. We now have a net worth of circa 2mill that includes 8 properties and ISAs, work Pensions, SIPP, LISA, Crypto, Emergency funds, Savings, etc.
    Good luck with your investment journey!!

    • @Exceldividends
      @Exceldividends  25 วันที่ผ่านมา

      Wow! Amazing to hear, very nice to hear someone else's success!

  • @james-br2gm
    @james-br2gm 6 วันที่ผ่านมา

    It takes a lot of balls to openly present your personal net worth out onto the world.

    • @Exceldividends
      @Exceldividends  5 วันที่ผ่านมา +1

      My balls coming soon to OnlyFans.

  • @DopeBoysProd
    @DopeBoysProd หลายเดือนก่อน +1

    i was somewhere around the same when i was your age maybe a bit more but not to far off. im 33 now and i was able to multiply it by many you're on the right path.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      Thank you, good luck to you!

  • @danelston9317
    @danelston9317 22 วันที่ผ่านมา +2

    Love the transparency mate. Need more brits to be open about their finances.

    • @Exceldividends
      @Exceldividends  22 วันที่ผ่านมา

      Thanks! That’s very true!

  • @vestabelt
    @vestabelt 24 วันที่ผ่านมา +1

    Awesome video! Very happy to see real people rather than people trying to flex on the internet.

    • @Exceldividends
      @Exceldividends  24 วันที่ผ่านมา

      I appreciate that! Comments like this are the reason I do this.

  • @eshitagoel6280
    @eshitagoel6280 11 วันที่ผ่านมา

    Great to see a very realistic video on net worth and some great ideas on how to track it, thanks a lot! Nice one!

  • @InvestingwithAL1
    @InvestingwithAL1 หลายเดือนก่อน +5

    That's solid progress and a good amount of net worth. Well done.

  • @joshuabateson3155
    @joshuabateson3155 หลายเดือนก่อน +3

    We are at about a similar net worth and investment scale, you have 3 years on me age wise 😊 keep smashing it mate! And yeah never pay the student loan, may aswell just burn money rather than keep it growing!

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Good to hear and thank you!

  • @TheGeordiePig
    @TheGeordiePig หลายเดือนก่อน +1

    Awesome vid and great to see ur progression over the last couple years! I think i may start using this excel tracker so thank you for this! I may even do a video on it! :)

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +2

      Thank you! Hold off on the download for the time being, the balance sheet and expenses tracker are not online yet.

    • @TheGeordiePig
      @TheGeordiePig หลายเดือนก่อน +1

      @@Exceldividends ahh no problem mate, do you know when these will be fixed?

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +2

      @TheGeordiePig maybe by the end of the year, currently away from my pc to be able to make the changes.

  • @petermatthews2831
    @petermatthews2831 หลายเดือนก่อน +2

    Your in a pretty good spot really, enough to buy a property outside of london. Which is great by age 30, on track for sure

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Thank you. Not sure I’ll be buying anytime soon, but sometime in the future for sure.

  • @jawlig
    @jawlig หลายเดือนก่อน +4

    My goal is £100k liquid (savings + stocks) by 30. I believe that brings another level of peace of mind and freedom. I never liked the idea of committing to a mortgage the second you can put a deposit together like many in the UK do.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      That's a good goal to have. I agree with you on the house deposit point, can put people in bad financial situations for life with an expensive mortgage too early.

    • @georgec2894
      @georgec2894 28 วันที่ผ่านมา +1

      Also agree regarding that mortgage mentality. IMO it stems from a lack of financial understanding, following others with loud voices, and the UK's underlying obsession with property.

  • @francesboyce3221
    @francesboyce3221 หลายเดือนก่อน +3

    As a suggestion consider starting a SIPP you get 20% back from goivernment as a young investor this will really compound for you over the years

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Thanks for the advice, something I’m going to be looking into… maybe an upcoming video.

    • @jkly495
      @jkly495 หลายเดือนก่อน +1

      @@Exceldividends consider a LISA as the government gives you a bonus of 25% up o a maximum of 1000 pounds for every 4000 pounds you contribute each financial year

    • @HJM49125
      @HJM49125 22 วันที่ผ่านมา

      I've had a sipp around 20 years (before they were called SIPPs) they automatically give 20% tax relief and if you're higher rate tax payer you can claim another 20% by writing to the HMRC (they adjust your tax code). You can backdate claims about 4 years unless they changed the rules. You wont be able to access the money until at least 57/58, but in a way that is a good thing - forced savings.

  • @domtaylor2271
    @domtaylor2271 22 วันที่ผ่านมา

    Good video. Clear, to the point and very "unclickbaity". Keep it up 💪

  • @MrGrandMasTerMind
    @MrGrandMasTerMind หลายเดือนก่อน

    Great video, you're doing fab. Only advice I'd give is don't stay in London unless you're on a fantastic salary or will be reasonably soon. Buying a house rocket fuels your financial position. Easier said than done but almost impossible in London. About 5 years ago, my investments were double my house deposit, now the equity in the house has just surpassed the other investments. I hate how ridiculous the whole housing bubble has got now but I can't see it getting much better.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      I moved to London this year to get paid more, and so far my career has kind of taken off. So I’m hoping to stay for a few more years and then relocate :) thanks for the advice!

  • @work.optional
    @work.optional 9 วันที่ผ่านมา

    Awesome video and well done! I'm also starting to post about our net worth journey and love the transparency you provide!

    • @Exceldividends
      @Exceldividends  9 วันที่ผ่านมา

      Awesome! Good luck on your journey :)

  • @tsolo7411
    @tsolo7411 หลายเดือนก่อน

    Love the transparency! Commenting to help you get the exposure you deserve

  • @trob1299
    @trob1299 หลายเดือนก่อน +1

    Thats some amazing progress in just a few years - 100% should be proud. This is what financial independence is all about.
    Only question, does this include your pension? Don't think I heard you mention a sipp

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Thank you! I do have a workplace pension which is sitting at around £10k all together. But the investing is also my retirement plan.

    • @jkly495
      @jkly495 หลายเดือนก่อน +1

      @@Exceldividends keep the work pension separate from these savings. You are doing so well keep up the great work at some point you may consider purchasing a place of your own and this is when these monies will prove to be very handy.

  • @delgriffithification
    @delgriffithification 6 วันที่ผ่านมา

    Nice work. Keep your head to the grindstone.

  • @HJM49125
    @HJM49125 22 วันที่ผ่านมา

    To give you a comparison, when I was 29 (2007) I bought my first flat with a deposit of around £5k. In terms of savings I think I had around £6k in cash but generally not saving a great deal from month to month. Lost a few grand during the GFC and then made a concerted effort to invest in funds from 2009 after I got promoted. Networth including property is now £385k plus a company pension scheme I do not count (worth around £400k). It's a long grind, with sacrificies but it can be done.

    • @Exceldividends
      @Exceldividends  21 วันที่ผ่านมา

      That’s some good inspiration right there! Deposit for a flat being 5k hurts 🥲 good luck for the future!

    • @HJM49125
      @HJM49125 21 วันที่ผ่านมา

      @Exceldividends it was a shared ownership flat initially which I was able to buy the remaining share in around 2013. Shared ownership can be useful but I'd be careful about what you buy. Only go for small apartment blocks, no cladding and no lifts. Check how the service charge and rent (on un owned share) escalates with inflation.

  • @technostylesn
    @technostylesn 3 วันที่ผ่านมา

    nice dude, keep investing. Greetings from Germany

    • @Exceldividends
      @Exceldividends  3 วันที่ผ่านมา

      Wow Germany! Thanks for tuning in!

  • @IAmebAdger
    @IAmebAdger หลายเดือนก่อน

    I support this kind of video, i think the world is better if more people are open about their personal finance.
    Feedback:
    It doesnt matter much at this stage but i would look into rebalancing portfolio regularly according to target percentages so you're always buying low and selling high (within reason and taking note of capital gains tax allowance etc)
    For example a popular crypto target percentage is 5-10% due to the volatility and so every month or year you check whether it's off the target by more than 5% and buy or sell accordingly.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      Thank you for the advice!

  • @Shadwan11
    @Shadwan11 หลายเดือนก่อน

    Good video. Thank you for sharing! Awesome progress.
    Why didn't you include your work pensions and liquid physical assets?
    I'm 27 and also rent in London, but I decided to pay off my UK student loan at the start of this year (2024) because the interest rate was insane (7.8%). I had to liquidate most of my assets to pay off the 45k balance, but I feel like it was worth it in my case.
    I'll reach 100K net worth next month. Would have been 145k had I not payed off my student loan.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      Thank you! I missed out my pension in the video, but it was mentioned at the end of the video. What do you mean by liquid physical assets?
      Good luck to you!

    • @Shadwan11
      @Shadwan11 หลายเดือนก่อน

      ​@@Exceldividends Sorry, wasn't super clear. I just meant things that are high value physical assets and are easy to sell, such as expensive watches, collectible items, electronic equipment, vehicles, etc. These are often overlooked but can quickly add up to a few thousand-though depreciation should, of course, be taken into account.
      I get why you didn't include that though, but for some people I know that can account for a significant portion of their net-worth.

  • @neilp7623
    @neilp7623 หลายเดือนก่อน +2

    Great video and appreciate the transparency

  • @DVDKEV
    @DVDKEV หลายเดือนก่อน +1

    Well done on what you’ve achieved in savings at 29. Maybe you should focus your efforts on your career for the next 5 to 10 years and get your earnings up to a point where you can start to put a greater portion of your gross income into your tax efficient pension scheme and possibly into property at some point although I realise the difficulty with the latter.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Thank you. My pension was not mentioned in this video, but I could definitely afford to put more into my pension pre tax for sure.

  • @Priceyyyyy
    @Priceyyyyy หลายเดือนก่อน +1

    Also 29 and we pretty much have the exact same networth. You're actually beating me by around £500 lol. Lets get to 100k soon

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Good to hear it! Let’s get it.

  • @FaizJ786
    @FaizJ786 หลายเดือนก่อน +1

    Well done and really good video. Very good position to be in at that age!

  • @jackwilliamburgess
    @jackwilliamburgess 20 วันที่ผ่านมา

    Thanks for the breakdown. Personally I would suggest to combine a few accounts together like the ISA's, to just simplify things :) For your crypto holdings, all monetary assets are worth what they are worth relative to other assets in £ terms. If you have £3k in crypto, that's a real £3k (just because it started as play money, doesn't mean it doesn't have real value currently). This is 10% of your overall net worth. If that sounds too risky for you, you should reallocate. If that is reasonable for you, keep it, but don't exclude it from your net worth total. Money is money (as long as you can you sell something at a current price)
    Do you have any goals with your finances? Building savings without a goal is fine but isn't the best route, as you don't know how much you should save to hit X target in Y time, you may have less motivation and discipline around spending potentially and you could be over-allocated to cash in a savings account vs index funds which would do better over a longer term.

    • @Exceldividends
      @Exceldividends  20 วันที่ผ่านมา

      Thanks for the advice!

  • @Sushi-e5f
    @Sushi-e5f หลายเดือนก่อน +2

    Interesting, 100% on the premium bonds even at full holding and won over the advertised rate I’m probably going to just move it out next month.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      You had some good luck, but for anyone with less than around 10k its almost pointless!

    • @Sushi-e5f
      @Sushi-e5f หลายเดือนก่อน +1

      @@Exceldividends 100%, maxed everything out bar the pension cap because of need to access before 57. Probably just going to stick it into my GIA or something and just pay the tax.

  • @mrdan7740
    @mrdan7740 หลายเดือนก่อน +1

    Good effort. Keep going. You’re doing well.

  • @jc74435
    @jc74435 หลายเดือนก่อน +3

    Honestly I would pay the student loans if I were you. Thats a garateed return, and it also gives you better cashflow and peace of mind for the future

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      I would need to calculate the return, currently paying it off is worse than being in the stock market. In terms of peace of mind, I don’t think about my student loan and I don’t think many UK student loan holders do. Something I have thought about, but I’d rather have enough money to pay it all off in one go. Do you have student loan? And if you do, do you pay off yours? Maybe there’s a good way to approach it.

    • @Andre-uw5bx
      @Andre-uw5bx หลายเดือนก่อน +2

      I wouldn’t, it’s such an insignificant monthly debt. Think about how much profit you’ll miss out on if you pay off student loans in a lump sum, with money that could’ve been invested

    • @jawlig
      @jawlig หลายเดือนก่อน

      Idk about that. If for whatever reason you needed to stop working, you wouldn't need to keep paying the loan. But you would sure feel silly for voluntarily paying it when you could do with the extra cash if you lost your job, for example.

    • @domtaylor2271
      @domtaylor2271 22 วันที่ผ่านมา

      At your age I assume you have the kind of student loan that is actively designed to behave like a tax rather than a loan for the vast majority.
      For what it's worth I think you're right to leave it be. I paid mine off around 2 years ago (graduated 2012) and it's a pretty noticeable monthly difference not getting it taken off my salary, but that was on the more gentle Plan 2 terms where you could still pay it off without huge earnings (I think I averaged about 40k in those 10 years and my average interest rate was about 1%)

    • @goonz6249
      @goonz6249 18 วันที่ผ่านมา

      DO NOT PAY IT OFF

  • @ATrickyProductionz
    @ATrickyProductionz 25 วันที่ผ่านมา

    this is very interesting thank you for sharing, very realistic take on things

  • @kevinsyd2012
    @kevinsyd2012 หลายเดือนก่อน +8

    All your scattered accounts seem a complete mess. You need to consolidate into a single current account, a S&S ISA, a GIA and a SIPP. Forget the rest.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +2

      You’re a better person than me to keep it to that many.

  • @10randhawas
    @10randhawas 10 วันที่ผ่านมา

    At 3:50 you me mentioned that you withdrew from the moneybox LISA. Im thinking of doing this. Was the process easy to do this? Not looking forward for the hit I'd have to take though.

    • @Exceldividends
      @Exceldividends  10 วันที่ผ่านมา

      I would encourage you to keep putting money into the LISA, it's 25% return instantly. I made the decision to pull the money out, but looking back I can see it was a mistake. But, the process is really easy, just press the withdraw button and they tell you how much they can give you. I think it only took a few days to be transferred out.

  • @yy4770
    @yy4770 หลายเดือนก่อน

    Could you share the spreadsheets template via a google docs link. Would be really helpful

  • @Allod7
    @Allod7 21 วันที่ผ่านมา

    well done, you're doing great!

  • @3fingerroll
    @3fingerroll หลายเดือนก่อน +2

    Well done and thanks fir the video

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      No problem 👍 thanks for watching!

  • @theguy9067
    @theguy9067 หลายเดือนก่อน +3

    Did you include private pensions from various jobs youve had?

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      That is one thing I forgot to mention, it comes to around 10k.

  • @rickyjet
    @rickyjet หลายเดือนก่อน +1

    the free spreadsheet doesnt have the balance sheet or expenses tab

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      I mentioned that in the video, it’s not something I give out as I’ve never done this kind of video before.

    • @rickyjet
      @rickyjet หลายเดือนก่อน

      @ can you not add these two tabs to the spreadsheet?

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      @ I could yes, but I haven’t done so yet. One for the future, I didn’t realise there would be such demand for it!

  • @TingTing-f1b
    @TingTing-f1b หลายเดือนก่อน

    Brilliant video , you’ve got your head screwed on 🙏

  • @ipreferfreedom162
    @ipreferfreedom162 หลายเดือนก่อน +5

    You are doing well for a 29 year old, I was less well off at your age. I note from the info you provide that you have no pension. Pensions can be great places to save because you get an uplift from the Tax man & sometimes an employer match. I focussed on pensions later in life & I think I made a mistake. I wish I had started saving hard into pensions sooner & I would have more now if I had. I'm 52 BTW. The uplift from the tax man is valuable because you can if you want to draw the money out in retirement without paying any tax on it.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +2

      Thank you for the comment. I do have a pension, it was just mentioned at the end of the video, missed off from the main part. Thanks.

  • @Neilbelikewater
    @Neilbelikewater 12 วันที่ผ่านมา

    Hi, quick question..Why have you stop using free trade?

    • @Exceldividends
      @Exceldividends  12 วันที่ผ่านมา

      Hi, its too expensive and trading 212 is a better platform.

  • @steve6375
    @steve6375 หลายเดือนก่อน +2

    Interesting video - thanks .I would move some of the Ethereum into Bitcoin which has performed better...

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Thanks for the advice, I considered that after watching bitcoin rocket up this year!

  • @joshuapjung
    @joshuapjung 22 วันที่ผ่านมา

    Great work man, keep it up!

  • @LawrenceTimme
    @LawrenceTimme 8 วันที่ผ่านมา

    Student debt in the uk could change at any point with a new government. People have no idea what will come in the future and they could get massively screwed.

    • @Exceldividends
      @Exceldividends  8 วันที่ผ่านมา

      Could get written off entirely.

    • @LawrenceTimme
      @LawrenceTimme 8 วันที่ผ่านมา

      ​@@Exceldividendsthat's true. Unfortunately though student debt massively increases inflation and screws over future generations if it's not paid off.

  • @labroomes
    @labroomes หลายเดือนก่อน

    Net worth is total assets minus total liabilities - which includes student debt. I know they write it off after a certain time, but think how much you will spend paying it up until it’s written off, then deduct that from your assets.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +4

      Why not think of it as an extra tax like NI or PAYE? Then it's just something else that comes out of my gross pay. I get your point, but if I don't ever have to pay it off, why does it matter.

    • @garethsmith1436
      @garethsmith1436 6 วันที่ผ่านมา +1

      Was going to say the same. You've added up your assets and not subtracted the liabilities. If it gets written off great, but that won't happen for 30-40 years and the interest will sky rocket.

  • @Sams_adventuress
    @Sams_adventuress 29 วันที่ผ่านมา

    Nice work lad and great video, I like your style . Keep it up

  • @28100Patrick
    @28100Patrick หลายเดือนก่อน

    More context would be good - what’s your situation - job / housing / dependents etc.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      No problem, maybe I will do another video and answer these questions :)

  • @allykhan8594
    @allykhan8594 หลายเดือนก่อน +2

    Paper/electronic money devalues, buy assets.

  • @markcranmer92
    @markcranmer92 หลายเดือนก่อน

    Well done real life well done.. doing so much more than other people when you have so much less

  • @trakamtv5398
    @trakamtv5398 26 วันที่ผ่านมา

    The student debts are a tax on your salary. Unless you are on a high salary you won't pay it off before it is written off. If you want to reduce your student debt monthly contributions, pay more into your pension.

    • @Exceldividends
      @Exceldividends  26 วันที่ผ่านมา +1

      That's a good idea, I hadn't thought of that. Definitely going to look at doing that, thanks!

  • @ta2370
    @ta2370 หลายเดือนก่อน

    Love this, keep it going!

  • @WelshKyle
    @WelshKyle 16 วันที่ผ่านมา

    Why did you stop using a LISA?

    • @Exceldividends
      @Exceldividends  16 วันที่ผ่านมา

      I was under the impression that I could not invest into a s&s ISA at the same time, but apparently I was wrong. I may be considering starting investing into a s&s LISA.

    • @WelshKyle
      @WelshKyle 16 วันที่ผ่านมา

      @Exceldividends you were wrong and yeah, definitely consider it

  • @LawrenceTimme
    @LawrenceTimme 8 วันที่ผ่านมา

    It amazes me that most investing channels like yourself dont have a proper 6 month emergency fund 😱😱😱 although your savings are better than some ive seen

    • @Exceldividends
      @Exceldividends  8 วันที่ผ่านมา

      Why would I need an emergency fund? I’m a healthy young person with good job prospects and no dependents. Also I have 6k in savings, is that not enough?

    • @LawrenceTimme
      @LawrenceTimme 8 วันที่ผ่านมา

      ​@@ExceldividendsI think COVID should have been all the proof you need for why 1-3 months isn't enough. It's unlikely, but when shit hits the fan, normally multiple things go wrong at once and it can go downhill further than you expect.
      I would say 6 months of all your essential expenses+ £1000 should be a minimum unless you're living at home with parents or something like that. You can also get decent rates like 6 or 7% with the correct accounts too, so even though it's not invested, you aren't losing too much.
      It's good that you have lowered your risk by selling your car though. That was very sensible.

  • @chickenj90
    @chickenj90 3 วันที่ผ่านมา

    What sort of job and salary do you earn and is it remote in london?

    • @Exceldividends
      @Exceldividends  2 วันที่ผ่านมา

      Not enough! It's hybrid. I will make a video in the future going into more depth on this.

  • @akshaypotdar1840
    @akshaypotdar1840 6 วันที่ผ่านมา

    Which platform do you use for crypto? Is Etoro any good for crypto?

    • @Exceldividends
      @Exceldividends  5 วันที่ผ่านมา

      I use Binance. I would not recommend etoro.

  • @MS45636
    @MS45636 หลายเดือนก่อน +5

    I had around the same at your age, its a hard slog but with 30k you have some freedom already. Best asset is youth/health, 2nd best BTC, 3rd house. Thats my opinion.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +2

      Thanks! I hope that it’s good stepping stone to wealth.

  • @vaibhavgadugale
    @vaibhavgadugale 6 วันที่ผ่านมา +1

    i am 21 year old college student my net worth is 12 dollars I purchase my first stock week ago.

    • @Exceldividends
      @Exceldividends  6 วันที่ผ่านมา

      college students shouldnt be expected to have a net worth, you need income first.

  • @deadstar962
    @deadstar962 หลายเดือนก่อน

    So they don’t garnish ur wages in the U.K. If u don’t pay ur student debt? It doesn’t affect ur credit?

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      It's like a student tax, but has no affect on credit score, paying a small % of your future wages for 30 years to (theoretically) earn more than your peers, I understand this does not make sense for most degrees nowadays.

  • @georgeconnor4448
    @georgeconnor4448 หลายเดือนก่อน +1

    Your on the right path keep going.Personally i would invest more into Crypto but i think you are doing alright.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +2

      Thanks I appreciate it!

  • @kirkfriend5410
    @kirkfriend5410 หลายเดือนก่อน

    I didn't see any mention of a pension? If your not paying into a pension at 29, you should really consider it and it's also part of your net worth. Also I don't agree with not including your student debt since it's potentially 9% of your out goings each month.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      My pension was mentioned at the end of the video.

  • @NirmalSingh-bk6ss
    @NirmalSingh-bk6ss 14 วันที่ผ่านมา

    Did you incl your workplace pension ?

    • @Exceldividends
      @Exceldividends  14 วันที่ผ่านมา

      No! I forgot! It will be included in my next update. Stay tuned :)

    • @NirmalSingh-bk6ss
      @NirmalSingh-bk6ss 14 วันที่ผ่านมา

      @@Exceldividends haha , so your worth a lot more !

  • @owususekyerederkyi1691
    @owususekyerederkyi1691 หลายเดือนก่อน

    I enjoyed watching your video. It is an inspiration for me to continue investing. My goal is £60K by December 2025

  • @NiceTryGuvnah
    @NiceTryGuvnah หลายเดือนก่อน +1

    What do you do for work?

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Send emails and look at spreadsheets

    • @NiceTryGuvnah
      @NiceTryGuvnah หลายเดือนก่อน +1

      @Exceldividends You get paid well in that case lol

  • @lewisgreenard3128
    @lewisgreenard3128 25 วันที่ผ่านมา

    I’d swap the eth into sol it will far out perform, also I’d add some TSLA to ur portfolio if you don’t have any id recommend at least 10%

    • @Exceldividends
      @Exceldividends  25 วันที่ผ่านมา

      Thanks for the suggestion, but I am not convinced on TSLA, especially at 10% of my portfolio.

    • @lewisgreenard3128
      @lewisgreenard3128 25 วันที่ผ่านมา

      @ with humanoid robots around the corner I think to not have some TSLA is a mistake but we’ll see in the years to come

  • @LawrenceTimme
    @LawrenceTimme 8 วันที่ผ่านมา

    No pension?

    • @Exceldividends
      @Exceldividends  8 วันที่ผ่านมา +1

      I have pension, was missed in the video although mentioned right at the end. Will make an update to include in the future.

    • @LawrenceTimme
      @LawrenceTimme 8 วันที่ผ่านมา

      ​@@Exceldividendsyes I just saw it at the end there!

  • @LawrenceTimme
    @LawrenceTimme 8 วันที่ผ่านมา

    Dont see why youd waste the lisa and help to buy by not using them when you get 25% for free. Its a no brainer if you dont have a house.

    • @Exceldividends
      @Exceldividends  8 วันที่ผ่านมา +1

      Because the information is not all that helpful in terms of whether you can put money into those types of ISA as well as putting into a cash ISA. It is clear now you can put money into different ISA types but prior to April 2024 I thought that you couldn’t do that.

    • @LawrenceTimme
      @LawrenceTimme 8 วันที่ผ่านมา

      ​@@Exceldividendsfair enough! I never had a Lisa as I didn't even know they existed until 2023 about 5 months before I bought my house, so now I encourage everyone to max them out if they ever want to own a house as I missed that great opportunity myself. 👍

  • @imnottellingyoumyname3050
    @imnottellingyoumyname3050 23 วันที่ผ่านมา

    I'm 37. I spent all my time saving and tracking. My net worth is pretty high for my age when you include pensions.
    I realise now I spent too much time tracking. Too much time recording numbers. Too much time sweating over tiny details.
    I'm a capable guy who didn't optimise how he spends his time. I should've worked harder at work. Studied more. Jumped around from position to position. Been brave enough to be a contractor. Put more energy into side hustles.
    I'm a 37 year old diligent saver who knows which cash ISA to put his £1000 a month into. I'd prefer to be a 37 year old entrepreneur with a few million quid.
    By all means spend time identifying the safe plays. But make sure you as a person aren't 100% safe plays. Filling on your spreadsheet is comfortable. Cowardly. Lazy. Roll the dice every now and then. Don't just sit there maximising what you've got. Make demands of yourself and aspire for more.

  • @tomlyonette3527
    @tomlyonette3527 23 วันที่ผ่านมา

    Any pension?

    • @Exceldividends
      @Exceldividends  23 วันที่ผ่านมา

      Yes, will show in next update, missed off this as I forgot.

  • @jerryn9690
    @jerryn9690 หลายเดือนก่อน +1

    Your pension is missing. Please redo the video. That's a good net worth. Keep going!

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      Thanks. I may do this kind of video regularly.

  • @peteroreilly1645
    @peteroreilly1645 หลายเดือนก่อน +1

    I'm an old 50year old man, please forgive my ignorance. In order to find out your actual net worth the calculation is
    Assets - Liabilities.
    Any debt is a liability including student loans 🤷‍♂️
    If your debt exceeds your net assets your net value is less than zero.
    No point lying to yourself surely one day you will have to pay back these loans or am I misinformed ?

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +3

      Yes that makes sense, but student loans don’t have to be paid back, they are written off in 30 years in the UK. Most people don’t consider this actual debt and therefore I have not included it. I may go more in depth in my next net worth video.

    • @peteroreilly1645
      @peteroreilly1645 หลายเดือนก่อน

      @@Exceldividends ah ok I didn't know that student loans were written off after 30 years. 😂

    • @RichieBenno
      @RichieBenno หลายเดือนก่อน +1

      The student loans are taken out of your paycheck at a certain rate depending on how much you get paid. So if you're on a lower wage you might not pay it off.

    • @johncarter7355
      @johncarter7355 26 วันที่ผ่านมา

      @@Exceldividendsstudents loans are a non issues for most. I don’t even know or care what mine is lol

  • @MungoLouis
    @MungoLouis หลายเดือนก่อน +1

    I don't see any pensions.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      It was mentioned at the end of the video.

    • @MungoLouis
      @MungoLouis หลายเดือนก่อน

      @@Exceldividends Ok, l see now.

  • @Calm_wisdom
    @Calm_wisdom หลายเดือนก่อน +1

    Pension contributions should also be part of your net worth.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      My pension was mentioned at the end of the video.

    • @Calm_wisdom
      @Calm_wisdom หลายเดือนก่อน

      @Exceldividends Just had a quick look at the end of the video couldn't see it nor was it on the spreadsheet. I must not be on form today 😂

  • @chonky4784
    @chonky4784 หลายเดือนก่อน +1

    Excellent video, I really want to get something like this sorted.
    Given me the kick I needed for it.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Glad the video could help!

  • @albertwarren6917
    @albertwarren6917 19 วันที่ผ่านมา

    Do you not have a pension?

    • @Exceldividends
      @Exceldividends  19 วันที่ผ่านมา +1

      Yes, made a note of it at the end of the video, not something I track regularly and forgot about in this video.

  • @jawlig
    @jawlig หลายเดือนก่อน +1

    HTB's are wack. Can only put in a max of £200 per month and the max bonus is 3k. Better off using a LISA if you want to buy a house. Or you can just use it for retirement.

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน

      That's the exact reason I stopped using mine!

  • @albertwarren6917
    @albertwarren6917 19 วันที่ผ่านมา

    If you’re ever going to look at buying a property or if you just simply want to save for retirement I would highly recommend you put money back into you LISA. Ideally stocks and shares LISA unless you want to buy a property in the next couple years.

    • @Exceldividends
      @Exceldividends  19 วันที่ผ่านมา

      Max for LISA is 4K a year and comes off my ISA limit, pointless to me tbh. But thanks for the suggestion.

    • @albertwarren6917
      @albertwarren6917 19 วันที่ผ่านมา

      @Exceldividends well the point is you get 25% bonus on anything you put in which is brilliant if you’re saving for buying a house or simply just for retirement. And because you took your money out you lost that bonus and essentially got a 6.75% fee taken from what you put in. If you max it out every year that’s an extra £1k a year to your net worth you get free from the government

    • @Exceldividends
      @Exceldividends  18 วันที่ผ่านมา

      @@albertwarren6917 Something I might consider, the main reason I was not using it was due to the previous ISA rules where I would only be able to use the LISA and not a stocks and shares ISA also.

    • @albertwarren6917
      @albertwarren6917 18 วันที่ผ่านมา +1

      @Exceldividends That was actually a common misunderstanding of the ISA rules. You’ve always been able to pay into a LISA and a Stocks and Shares ISA at the same time, it’s just if you decided to pay into one LISA you couldn’t pay into another LISA in the same tax year. And same with the stocks and shares ISA, if you decided to pay into one stocks and shares ISA you couldn’t pay into another stocks and shares ISA in the same tax year. The new 2024 rules just basically mean you can pay into multiple LISA’s or multiple Stocks and Shares ISA’s etc in the same tax year. Of course making sure that your total contributions across all your ISA’s doesn’t exceed £20k a year.

  • @xblackjackx13
    @xblackjackx13 หลายเดือนก่อน +1

    awesome!

  • @luvadealme
    @luvadealme 24 วันที่ผ่านมา

    Pension?

  • @stefanm.3093
    @stefanm.3093 25 วันที่ผ่านมา

    I sold my bitcoin 10 years too early. Missed out on 100M dollar. Difficult to process this shit.

    • @Exceldividends
      @Exceldividends  25 วันที่ผ่านมา +1

      Don’t stress about things that could’ve happened.

  • @Iamtidal
    @Iamtidal หลายเดือนก่อน +1

    if u had bet it all for liverpool to score 6 this weekend u wud be millionaire

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Over 8 goals would have been good…

  • @johndinsdale1707
    @johndinsdale1707 หลายเดือนก่อน +1

    Where is your pension why not take the free money? At 57 my total is the majority of my net worth?

    • @Exceldividends
      @Exceldividends  หลายเดือนก่อน +1

      Pension was mentioned at the end, will include in next video. Thanks.

  • @Nick-co8qm
    @Nick-co8qm 27 วันที่ผ่านมา +3

    Why spread your money over so many accounts? I'd suggest simplifying, just have: 2 bank accounts (in case one gets frozen), 1 brokerage account, 1 BTC hardware wallet, done.

    • @Exceldividends
      @Exceldividends  27 วันที่ผ่านมา

      Thanks for the suggestion

  • @Bob-kt6bi
    @Bob-kt6bi 26 วันที่ผ่านมา +1

    Annoyingly you have more money than me but I have a car if you factor in my car I have more money than you not so clever now are you?

    • @Exceldividends
      @Exceldividends  26 วันที่ผ่านมา +1

      Haha! Good for you! Also, the car can give you more social mobility, so you could be worth way more than me!