As you didn’t plug your somewhat related video, I’ll do it for you 
Let’s see if we can get you some more views…
All the best on hitting your goals!
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Yes we call your friends the tick crew and seems a trend with the young gen over the years, they must get a car and it has to be a brand new merc age 17, best phones best everything, then post on social showing the sleeve tats and all but in the end they live a skint life its just all to fit in with the crowd.
As for money management you’re right but also people with bigger sums of cash tend to live richer lifestyles which cost more. Poor people in general know how to survive on next to nothing, and if they do every come in to money and are money smart they could do well, sadly though most when they get any sort of cash splash out on big items as that’s a rare luxury for them.
My mums managing to buy a house, donate to animal, human charities each month, live comfortable enough and shes a single mum has been all her life and is on min wage 38.5h/week and has been all her life :))
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Rich people problems 
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Car insurance, house insurance, contents insurance, TV licence, internet, TV, car servicing / maintenance, house maintenance, holidays, concerts, eating out, leisure activities, phone contract, clothes off £50/week ?
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First World problems
I have both my daughters in private school so i personally dont live the lifestyle my momey goes towards their benifit not mine
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I’m by no means rich…wish i was.
What was it someone said earlier. ‘I grew up on a council estate’.
Keeping it real 
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I think the word “kids” is the big bill you don’t have and a SUPER low mortgage, very lucky, anyhow my point was the media/unions are saying Nurses, teachers, fireman etc are in foodbanks and they are paid quite well so how does the average person have this spare money and need a food bank.
Anyhow, I actually partly agree with you 
That’s why I said £10k a year is fine tax free. Above that I think should be taxed BUT only after they close the tax loopholes for the rich!!!
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Sorry, should have been clearer! It is £700. I pay £400 towards it, my partner pays £300.
I was in rented accommodation and they tried to shaft me with a £250 rent increase from £800 to £1050 in August last year so I went on the hunt for a house. I could have gone for a more expensive house but calculated that the final price tag I went for (approx £60k less than my limit) would still allow me to save and invest. So I went for it.
Bought a house in November, luckily I fixed a mortgage with TSB in September at 3.94%, just managed to avoid Trussnomics.
Again, I can only compare to people close to me. My same friend I was talking about actually lived with me in that accommodation. He went to his absolute limit on price tag. The reason? So he could impress people when they came round for house warming parties etc… Now he complains he’s broke every month and pushing for a pay rise at work
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Agreed on the kids word. Mortgage is £700, I pay £400, partner pays £300 as she’s on a lower wage.
I could have gone for an expensive mortgage, but I opted for a functional but not that aesthetically pleasing house… I chip away at things I can do with DIY. Save money each month for bigger jobs but won’t get them done UNTIL I have the money sat there. Nothing on finance.
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Car insurance - £300 for the year. Pay that in full rather than monthly. My partner and I are actually thinking about condensing down to 1 car too to save money.
House insurance - £150 for the year. Pay that in full rather than monthly. This includes contents. Split between me and my partner.
TV licence - pay that in full. Don’t have sky. Split netflix between me and my brother.
Internet - £15 a month, split between me and my partner.
Servicing - actually cost me £300 last month. Used my savings.
House maintenance - I chip away with DIY and use savings for bigger jobs when I have the money.
Concerts - been to a few this year, avoid the mega expensive ones.
Eating out - try to avoid this as it’s normally the big expense. Go out for people’s birthdays etc but avoid random ones.
Leisure activities - part of a running club, costs less than £20 for the year.
Phone - £8 a month. Sim only contract.
Clothes - rarely buy, usually get them for my Bday and Xmas off family.
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The majority of the working class find out too late about financial economic moves which they should pay a good 10 - 15 years of attention to, whilst also being used as rag dolls in the employment world be that redundancies or frozen out from landing higher interview opportunities.
Currently I see the government trying to persuade the over 50’s back into work with higher wealth limits, whilst lowering limits on Gen Z & Millenials. In a desperation bid to limit the amount of f.i.r.e achievers.
Looking at the amount of millionaires in this government & surrounding them, it seems they want the financial freedom mindset for themselves but believe YOU are not responsible enough or trusted enough to have that freedom yourselves. And actively dictate down to working people in a disgusting way imo.
I argue that the people at the top are not working harder than the people at the lower end of the workforce, they are simply dictating to others to do the work whilst living with much clearer & calmer mindsets, brought on by financial freedom. In many cases inherited wealth and old money.
To navigate economic times one needs to go against the mainstream and make moves years before the media overhypes what’s just happened.
In the coming months there’ll be early opportunities to get in on opportunities from the result of a changing economy and younger people could long term benefit from getting into the ‘thing’ before the majority. BUT! And it is a huge BUT! Read the last sentence I wrote before ‘but’… “younger people could long term benefit from getting into the ‘thing’ before the majority” - unfortunately, it is typically not the majority who benefit, and id put this down to the minority simply being in better positions in life to accumulate the assets & opportunities earlier than most people.
Personally, even in 2019 I found it hard to see a growing lifestyle with anything less than £8k-£10k per month in the uk at that time largely down to the huge rise in assets and the amount required to eliminate most worries and to actually live freely.
I think the UK should be encouraging younger people to achieve financial freedom by their late 20’s (in some cases earlier) and allow for a huge amount of two younger generations to be able to focus their efforts to working the life they want to work and not spending a decade or two simply ‘trying to get by’ and not being able to pursue the work they genuinely wish.
As of February 2nd 2023 I question whether ANY government decision has benefited working people at all in the past 2 years. There is nothing mainstream to shout about so far. Which is almost unbelievable. So the agenda seems to be acting against working people. imo.
The solution is for working people and ‘not rich’ people to drastically change their habits and switch to better habits and better spending and more mindful towards their future spending, which would then in-turn create a market and a better market for working people. Instead of visiting McDonald’s, how about a local theatre show for £14… there you go, you’ve now created demand for aspiring actors, creatives & comedians to perform and earn a living.
Where and how you spend your money creates the economy. Fact.
Until then, all I see is history repeating itself with the cash buyers getting the higher quality lifestyle whilst the working poor get rinsed into extinction.
Private rental landlords should be ended into oblivion. You can not continue with one person owning 10 properties. It’s simply destroying peoples lives.
These limits are fine
S&S ISA £20K
SIPP £40K
JISA £9K
£1.073 million lifetime max is too low.
Income is now imo the preferred form of investment over the coming decade with a tilt to medical science for exponential growth.
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If you don’t find a way to earn money in your sleep you will work till you die! 
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To be honest I think if we all knew what we know today we would all be pretty rich mid life and definitely by retirement, if we saved properly from the age of 16. Your parents can help this further by starting a savings account from when you’re born to when you hit 16 to give you a nice booster package 
There is actually some cool stories of young gens being money smart and by the time they hit 20 they have quite a nice sum already.
You can do this without compound interest so oooo…
Big up the west ends massive ;}
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On point there. The middle class
Helps to compare apples to apples. A person living with their partner is completely different to a single parent with 3 kids paying childcare so they can continue to work.
Asking then how people struggle shows a sheer lack of understanding of the world we live in.
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‘Why can’t they be more like me’ posts that fail to mention they split their costs with someone else.
I have a colleague that goes to the food distribution centre and pays a donation for food. Marks and spencer food sometimes so not too bad if those going to the food banks have decent grub.
Just bad times that folks have to go to these places.
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Great article. I Love it. Thank you
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