Thanks for tuning into this week's episode, if you enjoyed the episode TAP the LIKE button and SUBSCRIBE to the channel! ____________ You can get a copy of Andrew's best-selling book "How To Own The World" here: amzn.to/3XSr0Gc And pre-order his latest highly praised book "Our Future is Biotech" here: amzn.to/4eScW5K ____________ ⚡️Trading 212⚡️ Get a FREE fractional share worth up to £100 using my link: www.trading212.com/join/SAVVY Alternatively type SAVVY" directly in the app to get the free fractional share. When investing, your capital is at risk. ____________ ⚡️Coursera⚡️ Gain certificates in project management, AI, cybersecurity, data analysis and more with Coursera: imp.i384100.net/savvywallet ____________ ⚡️NordVPN⚡️ Get 3 extra months free with a 2 year plan: go.nordvpn.net/aff_c?offer_id=15&aff_id=106735&url_id=902
Wow you read his book too, that’s amazing! Yeah his book how to own the world is exceptional. I’m very excited to read his latest one. Thanks for tuning into the episode 🙌🏾
Amazing content! As a 25 years old, I am proud to say that I started investing 3 years ago. Best decision ever. There's still a lot to learn and I am enjoying the journey. Before investing I did make a few mistakes trying to bet rich quick, but soon realise that it is not sustainable. But investing 10% of your income every month it is doable. I am grateful for having the resources to learn about investing, it changed my mindset completely. I am on a mission to build generational health just be using time as my best asset. Thank you for this episode.
I'm 28 and started investing this year. I have 3 grand worth of ETFs and shares a few months later and I work as a forklift driver (Shit pay). Having it as a backbone to my finances has made me much calmer in my daily life. Kicking myself I didn't start at 20. I'd be balling already 😂
Keep going even on low salary. I’m 55 and almost at the million. I’ve never really had decent jobs just invested consistently and increased as my salary increased. The 100k is the hardest as they say.
@@franciscofredericci4081 if that question is for me I invest in global index funds nothing clever or smart. I was heavily weighted on S&P 500 but now global index funds.
This guy is absolutely fantastic. Good to see someone who is actually intelligent and interesting rather than people who say a lot without actually saying very much
I've been investing in the ftse all-world for a couple of years now, but I wish I'd done started investing much sooner. I'm almost 40 so I'm starting too late, I had no knowledge of investing when I started working at 16 & wasn't interested & made so many mistakes along the way. I didn't know anyone who did it & wrongly assumed it's only for rich people. My advice is to start as soon as possible & show this to your kids.
I just bought Andrew's book on audible and will listen to it on my next milk round. I feel privileged that I can live with my parents and save a lot of money in my 20s and set myself up with some healthy savings
The point about crypto currency's really resonates with me as a guy in his early 20s, Most people my age don't invest at all and the few that do only have eyes for crypto and fast lane fallacies, Trying to convince my friends and family to open an ISA is impossible. On a positive note, Really enjoyed the video and talking points throughout!
They say being broke is mindset. Some people have a broke mindset. It’s unfortunate. I’ve learnt it’s best to speak about wealth to people with a wealth mindset
Yes true but I would argue investing in crypto or stocks and shares is the same thing... is just an exchange of ownership and do not contribute to any companies in that sense as money do not go to businesses but their owners. What help society is entrepreneur not investor. The only investors that help businesses are private investors or angels....
If you think bitcoin isn’t a legitimate investment you’re gonna stay poor forever my man. Blackrock literally snapping it all up right now, Bitcoin ETF being offered as part of pension investments and you think it’s not a legitimate investment? Crazy.
You can only ignore the news when you, your family, your nation is not affected. An English man, Australian , American can easily say that because their families are not affected, they are the hegemonic force behind most of what is happening and trying to keep on imposing their will on other nations. If you come from the regions where these things are playing out, there is no way to ignore it, because there are faces, lives and millions affected by these events.
Great episode as a 21 year old who has been investing since I was 19 and just opened an ISA this tax year. I really loved how we got to learn more about Andrews background as it gave more perspective. Andrew is so open and explains things that make it easy to understand, definitely took away a lot of gems from this episode 🥰
What an amazing podcast and guest!! Everyone should invest in a market weighted global diversified index fund irregardless of how much you earn! There’s saying: poverty is contagious and so is wealth.
As a 55 year almost Millionaire in my investments I can agree with this. My only mistake is I did not do it sooner. And I left my investments early days in high fee low returning funds, and some stock bad purchases which failed. I could have done it much earlier.
@@loverofliberties It's not complicated. Dollar cost average investing in an low cost index fund. Gotta be in it for 25 years minimum. Maximize as much as possible. Compounding is magic once you get to the level it increases exponentially.
This Podcast is amazing. Everything this guy said resonated with me ie news and bad news, and insulating yourself from it...lack of financial education for young people...compound interest...investment....SUPERB! I am a lecturer of engineering st FE/HE level and it beggars belief how many young people come through our doors without a CLUE on how the basics of finance actually work and how a normal person on the street with a solid work ethic can do very well with just a tiny amount of financial knowledge. This guy is superb and explained things in easy to understand Laymans terms. BRILLIANT guest mate...keep it up!👏👏👏👏👏
Simply Brilliant! Message delivered in so digestive way that even my 8 year old understand investing! This must be the best podcast I have seen for investing, honest and straight to the point .
What a great interview! I have Andrew's book , but heard him tonight for the first time! The guy is amazing,, sadly its all to late in life for me , aged 67 I'll have to work until i drop , as this information just wasn't around for average working class kids like me
Great vid, exactly the stuff I missed in my 20-30's, now I have interested into a JISA for my Grand daughter since she was born 4.5years ago, Jisa now sitting at 11k invested into etf's. Hope she Thanks me when I'm long gone, to All the young listeners invest now not tomorrow you'll thank me in 20 years 🙏
In 2020 I evaluated my savings. Inflation, currency devaluation and cost of living was on board or around the corner. Needed to turbo charge the savings into investment. Asked a mate, mate said 'funds'. Looked it up and saw charts. Became chart literate and discovered a whole new world
Looking forward to adding this to my reading list! Great to have a book on investments and pensions focussed on the UK market! Biotech is definitely the future, soo much great work happening in this industry.
Another brilliant interview Ato. Really appreciate Andrew making this information accessible and not pulling his punches. I'm sharing with my friends who need to hear this.
With investing the first time your investments go negative it feels horrible but stick it out and it will recover. The next time it goes down it won’t bother you anywhere near as much you need to physiological train yourself with that first ‘drop’
Very interesting and inspiring interview, which has motivated me to properly learn about investing. Andrew's plain English investing approach to learning will greatly help someone like me, whom has no knowledge of investing. Thanks for providing this interview packed with knowledge, Wisdom and Understanding. I will definitely be buying my recommended books by Andrew Craig. Look forward to more interviews with Andrew.
Thanks so much. Hopefully Ato won't mind my saying that we intend to cover precisely this stuff in another interview soon so please watch out for that!
This is some great advice for the average person. If you're planning on working a 9-5 forever then this makes sence that in 35-40 years, you'll make a million in the stock market. However, if you want to cut that time down by 80-90% then the best way to go is investment in digital assets like crypto currency. You'll most likely lose money in the first year unless you're lucky.. but thats the cost of entry. If you stick with it you'll learn from your beginner mistakes and the next year, you'll make some great returns. For young people especially, crypto is the only way youll make tens, huderds or even thousands of percentage gains on your investments over typically a 4 year period. High risk, high reward!
Is it recommended to invest into areas you have knowledge in, for example I work in a healthcare we tend to get an idea of which pharmaceutical companies are doing well, I really lack knowledge in say tech so probably would not want to invest here
Super amazing content guys! Financial education is so important. Live below your means and invest for the long term in an asset you understand is profound and so important so the day will come when you can live and give as you desire. Top tip: Tesla stock $TSLA is a huge generational opportunity. I would recommend you deep dive into the company and mission and if you understand it you will see the potential and benefits as an investment and for all humanity is huge. Good luck!
I wish you could bring him back.. I've already listened to this 2 times and I've learnt so much even though I have a fair knowledge about investments... Great Great content.. @savvywallet Thank you soo much.. Priceless information
There’s many out there that are very good, it will depend on what you want to invest into and if you want to invest yourself or if you want someone to invest on your behalf, so make sure to do your research. If you’re looking to invest yourself some of the best platforms are Vanguard (it’s low costs and only sells its own funds), Hagreaves Lansdowne, Trading 212 (which I use. If you use the link in my BIO you’ll get a free share worth up to £100, if you deposit £1). For companies that will invest on your behalf you could look at Wealthify of Moneyfarm. I’d recommend watching the episode titled “INVESTING EXPERT: After 10 Years Investing, I LEARNT This About Building Wealth” that’s another conversation on investing. I hope that helps!
I became a paper millionaire at 30 but never touched anything until I was 43 by which time I was worth over £15 million. This was all done via investing via my isa and never made more than £50k a yr.
Honest question… don’t you get contents insurance in case of a break in? In which case, you could lose multiple items worth 10K plus or even more depending on your wealth and the items you’ve acquired?
Hi I have a question. I noticed you use the term investing rather loosely 10% for investing. Do you feel that investing should be distinct from savings? I believe that investing has a more long-term non current implication where as saving is more for your immediate needs and future emergencies.
Yes I get it - the last thing you should do is just hold dollars and not invest, but don't blame people not investing on Bitcoin. If you want to see more people become investors cut capital gains to zero and watch markets soar. Get the government out of the way and markets will flourish. Also - I would not overlook bitcoin, the scarcest asset known to man. You don't have to go all in, just DCA long term and build long term wealth.
It is not that simple. I have invested for over 10 years now, I’ve got all the possible ISAS, pension, rental properties… so for some I’m doing well, but I do not have Finacial independence, yet. However, it is not as simple as Andrew explains. I absolutely agree that investing is necessary for retirement, governments won’t save you. But all the theory of yearly 10% profit over 40 years, it’s just that, theory. If my science background has tough me something, it’s that theories are completely different than real life. And even more than this, there are no long term studies with real people and real returns,l for that long it’s all based on paper.
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
In light of what I have just said then really we need far more than 10% if you take into consideration of the two categories of investment s you outlined also i.e. risky and not so risky.
Is it just me or waiting till 60 to enjoy my fruits doesn't excite me. If you spend that 200 a month on a education and pick a field and just grind by the time you are 35 you will be far better off. Sure what he says might work but waiting for your best years to pass just sounds wrong!
I think there is a great deal to what you say in terms of education and grind! That said - it "should" be possible to get into an investment habit of some kind and it will make a huge difference if you do it over many years. As I said in the interview - if you think about how to spend 90% of your income on stuff you love every month, you might surprise yourself at how you can save 10%. Also - all companies MUST now enrol you in a pension where you put 5% of your salary and they put 3%. If you get that bit right, that too can have a huge impact. Also - you don't have to 100% wait until you're 60. If you invest then along the way you're likely to be in a much better position of a few years of doing that e.g. to buy a car or take a holiday etc... than you will be if you don't invest. And the final point is that if you don't do this, you're going to be SO much worse off from e.g. 60 to when you die than if you do. The demographics mean that governments just won't be able to fund you - no matter which party is in power. There is SO much upside to getting this done and massive downside to not getting it done. I hope that helps! Very best, Andy.
He doesn't say you invest 90% of your income and then try to survive, investing 10/15% of your income should not stop you from studying or enjoying your life eather
As well as contributing, which is super great to do, make sure you are aware what your pension is invested in, as by default you are just invested into a balanced fund. I’m in my 40s and as I have time I’m invested in US tech stocks as for the long term and with the advent of AI I believe these growth stocks will perform well. Say 5 years out from retirement you can then revert to a more conservative fund to protect your growth. Good luck in your investing journey
@@MosAchillesJourney24 it’s not possible to invest in individual stocks within a pension, you can only invest in funds. Worth checking the fact sheet of each fund you are considering to make sure the stocks the funds invest in are stocks that you fundamentally believe in and have great risk to reward opportunity. You can only invest individual stocks within a stocks and shares ISA (max £20k a year for each individual). I have found interactive brokers to be the best platform for this here in the UK, in terms of ways of use and costs for each trade.
The Rothschild example is probably the worst example ever for investing. We are talking about crooked people who made their money through wars, buying politicians, sponsoring revolutions, slave trade and corruption of the highest order. For the average person keeping more of your money in your pocket is a good start before making others rich. Compounding is the second best way to increase wealth overtime in a tax shelter such as ISA only once you have reached your potetial in the short to medium wise skills wise. The best form for investing is in one's ability (skills) to generate multiple streams of income. In short be an insider investor, that's the only way you can get ahead. Passive investing is only for people who have a lot of money to start with. Finally, a lot of the so called 'investment' field is a scum so invest time and money in educating yourself and grow slowly and consistently. If it's too good to be true, then it's not.
I'm only 15mins in and yes you can be overwhelmed with bad News but you can't for get people who are suffering and dying. You can still focus on making money and more time passive income takes up a small amount of time. But we can't allow people to dtmie without batting an eyelid, very inhumane.
People investing in Crypto are mostly doing it for the current cycle and not the long term. You take profits in the bull market. Most of the leading cryptos from 2017 are no where to be found today. Fact is, there is no other of capital markets that can generate such returns like crypto in a very short space of time.
and thats over 55 years of life. I love investing but i dont scream about it as one thing is to invest, another is to live up to the point you cash in your investment and maybe at that age...to enjoy it
Great video. I was a process control engineer (just retired 2/21/24) I would always stress test my projects just to make sure it would work under all conditions. Also depending on the government. But I found away of earning more income despite my Retirement. $57k weekly returns has been life changing, after so much struggles.
good talk but need to be realistic why people buy say crypto example yes its risky but 10 percent a year that gets eating on fees and charges wont get you mowhere unless you have a huge some of money to invest. While young take more risk and then get more reward, you can come back rather now then when you get old. When old and you have alot of savings from years of work then follow this and be happy with your 5% relatively riskless unless financial crisis money
@@Bluearmy76 no it wont its relatively riskless if you invest in a diversified fund with big companies will make the managers millionaires with fees but not yourself
@@themoneyeffect647 im well on the way to being a millionaire with this exact strategy 🫡 No need to pay big fee’s unless you don’t really understand the subject and/or the options open to you 👍🏻
This guy's incredibily entitiled with his 99% of the world is going to a bar smh. It's okay to see how broken the world is why 1% own more than the rest
Next time go straight to the conversation, your intro is unnecessary long, the guest tried to get into things but you brought him back on introduction. People click here not to waste time on intro, just my suggestion mate.
I 100% hear you and I am sorry that I didn't say "Gaza" every time I mentioned the conflict in that part of the world. Please don't think that this means that I'm in any way trivialising the situation in Gaza. For what it is worth I did say "Gaza" at around 16.40. I will do better next time. Very best regards, Andy.
Thanks for tuning into this week's episode, if you enjoyed the episode TAP the LIKE button and SUBSCRIBE to the channel!
____________
You can get a copy of Andrew's best-selling book "How To Own The World" here: amzn.to/3XSr0Gc
And pre-order his latest highly praised book "Our Future is Biotech" here: amzn.to/4eScW5K
____________
⚡️Trading 212⚡️
Get a FREE fractional share worth up to £100 using my link: www.trading212.com/join/SAVVY
Alternatively type SAVVY" directly in the app to get the free fractional share. When investing, your capital is at risk.
____________
⚡️Coursera⚡️
Gain certificates in project management, AI, cybersecurity, data analysis and more with Coursera: imp.i384100.net/savvywallet
____________
⚡️NordVPN⚡️
Get 3 extra months free with a 2 year plan: go.nordvpn.net/aff_c?offer_id=15&aff_id=106735&url_id=902
Andrew Craig is THAT guy! Bought his book many moons ago and the relevancy is second to none
Wow you read his book too, that’s amazing! Yeah his book how to own the world is exceptional. I’m very excited to read his latest one. Thanks for tuning into the episode 🙌🏾
😊
@@NatalieScottEmpowers Thanks so much!
@@PlainEnglishFinance Thank you, I’ll definitely start learning about investing #Future millionaires in the making
Amazing content! As a 25 years old, I am proud to say that I started investing 3 years ago. Best decision ever. There's still a lot to learn and I am enjoying the journey. Before investing I did make a few mistakes trying to bet rich quick, but soon realise that it is not sustainable. But investing 10% of your income every month it is doable. I am grateful for having the resources to learn about investing, it changed my mindset completely. I am on a mission to build generational health just be using time as my best asset. Thank you for this episode.
This comment is really inspiring as I started 2 months ago
From the day we start working in Australia, we are all investing. It's compulsory.😂
I'm 28 and started investing this year. I have 3 grand worth of ETFs and shares a few months later and I work as a forklift driver (Shit pay).
Having it as a backbone to my finances has made me much calmer in my daily life. Kicking myself I didn't start at 20. I'd be balling already 😂
This is inspiring to hear, as another fairly low paid earner.
Keep going even on low salary. I’m 55 and almost at the million. I’ve never really had decent jobs just invested consistently and increased as my salary increased. The 100k is the hardest as they say.
@@pataleno I appreciate that man, I hope to be in your position one day.
May I ask what do you invest in, how and through who? :)
@@franciscofredericci4081 if that question is for me I invest in global index funds nothing clever or smart. I was heavily weighted on S&P 500 but now global index funds.
Wow, am 48 years old and cleaner here in Uk.I leand now that i should invest some of my salary.🙏
This guy is absolutely fantastic. Good to see someone who is actually intelligent and interesting rather than people who say a lot without actually saying very much
I've been investing in the ftse all-world for a couple of years now, but I wish I'd done started investing much sooner. I'm almost 40 so I'm starting too late, I had no knowledge of investing when I started working at 16 & wasn't interested & made so many mistakes along the way. I didn't know anyone who did it & wrongly assumed it's only for rich people. My advice is to start as soon as possible & show this to your kids.
40 is not to late my friend you could still be investing in your 60’s 70,s that 30 years of compounding!
I just bought Andrew's book on audible and will listen to it on my next milk round. I feel privileged that I can live with my parents and save a lot of money in my 20s and set myself up with some healthy savings
You sound like a top person 👍
The point about crypto currency's really resonates with me as a guy in his early 20s, Most people my age don't invest at all and the few that do only have eyes for crypto and fast lane fallacies, Trying to convince my friends and family to open an ISA is impossible. On a positive note, Really enjoyed the video and talking points throughout!
They say being broke is mindset.
Some people have a broke mindset. It’s unfortunate.
I’ve learnt it’s best to speak about wealth to people with a wealth mindset
Yes true but I would argue investing in crypto or stocks and shares is the same thing... is just an exchange of ownership and do not contribute to any companies in that sense as money do not go to businesses but their owners. What help society is entrepreneur not investor. The only investors that help businesses are private investors or angels....
If you think bitcoin isn’t a legitimate investment you’re gonna stay poor forever my man. Blackrock literally snapping it all up right now, Bitcoin ETF being offered as part of pension investments and you think it’s not a legitimate investment? Crazy.
Really good episode. I travelled around Malta to find his book. Great guy
The man himself
You can only ignore the news when you, your family, your nation is not affected. An English man, Australian , American can easily say that because their families are not affected, they are the hegemonic force behind most of what is happening and trying to keep on imposing their will on other nations.
If you come from the regions where these things are playing out, there is no way to ignore it, because there are faces, lives and millions affected by these events.
Really good episode love the collaboration 👏🏾👏🏾 and no competition 👌🏾 both have so much to offer! 🔥
Great episode as a 21 year old who has been investing since I was 19 and just opened an ISA this tax year. I really loved how we got to learn more about Andrews background as it gave more perspective. Andrew is so open and explains things that make it easy to understand, definitely took away a lot of gems from this episode 🥰
This is brilliant, Morgan Housel, Gary 's economics and now this guy are my go to channels, and this one of course. Thanks all!
What an amazing podcast and guest!!
Everyone should invest in a market weighted global diversified index fund irregardless of how much you earn!
There’s saying: poverty is contagious and so is wealth.
Thanks so much Abdul. Really kind of you!
As a 55 year almost Millionaire in my investments I can agree with this. My only mistake is I did not do it sooner. And I left my investments early days in high fee low returning funds, and some stock bad purchases which failed. I could have done it much earlier.
any tips for a newbie?
much appreciated
@@loverofliberties It's not complicated. Dollar cost average investing in an low cost index fund. Gotta be in it for 25 years minimum. Maximize as much as possible. Compounding is magic once you get to the level it increases exponentially.
This Podcast is amazing. Everything this guy said resonated with me ie news and bad news, and insulating yourself from it...lack of financial education for young people...compound interest...investment....SUPERB! I am a lecturer of engineering st FE/HE level and it beggars belief how many young people come through our doors without a CLUE on how the basics of finance actually work and how a normal person on the street with a solid work ethic can do very well with just a tiny amount of financial knowledge. This guy is superb and explained things in easy to understand Laymans terms. BRILLIANT guest mate...keep it up!👏👏👏👏👏
Thanks so much and couldn't agree more! Very best, Andy.
THANK YOU FOR GIVING A PLATFORM TO ANDY, he deserves it and one of my most favourite thinkers ❤
Best interview I have seen so far thanks keep posting
Oh wow this is live now!! 🎉 thank you, just what I need on my Monday morning!! Thank you ❤
This is such an insightful podcast!! Thank you for this platform 👏🏾👏🏾💪🏾 knowledge is power
Simply Brilliant! Message delivered in so digestive way that even my 8 year old understand investing! This must be the best podcast I have seen for investing, honest and straight to the point .
Great start to Monday morning! Thanks 😊
This guy is extremely good, i liked him on the Damo podcast too. I will add his book to my reading list one day. Well done on a great interview.
What a great interview! I have Andrew's book , but heard him tonight for the first time! The guy is amazing,, sadly its all to late in life for me , aged 67 I'll have to work until i drop , as this information just wasn't around for average working class kids like me
Great vid, exactly the stuff I missed in my 20-30's, now I have interested into a JISA for my Grand daughter since she was born 4.5years ago, Jisa now sitting at 11k invested into etf's. Hope she Thanks me when I'm long gone, to All the young listeners invest now not tomorrow you'll thank me in 20 years 🙏
In 2020 I evaluated my savings. Inflation, currency devaluation and cost of living was on board or around the corner. Needed to turbo charge the savings into investment. Asked a mate, mate said 'funds'. Looked it up and saw charts. Became chart literate and discovered a whole new world
Glad I discovered this podcast. I'm currently reading his book so it's nice to see the person who wrote it.
Really enjoyed this episode, fantastic guest
Thank you guys! Very informative on how to increase my financial literacy. My investment journey has began now
Very very good podcast, I’ve watched a lot of podcasts and by far this has been one of the most engaging and simplified ones. Good job lads
I have been recommending his book (how to own the world) to all my friends and strangers literally it’s that amazing! Best birthday gift!)
Thanks so much!
This interview is so helpful. Thank you!😊
Happy I came across this video and just ordered his book
Looking forward to adding this to my reading list! Great to have a book on investments and pensions focussed on the UK market! Biotech is definitely the future, soo much great work happening in this industry.
Another brilliant interview Ato. Really appreciate Andrew making this information accessible and not pulling his punches. I'm sharing with my friends who need to hear this.
second time listening to your podcast I'm putting on notification wow
Honestly really informative conversation
Amazing content! Loved every minute
With investing the first time your investments go negative it feels horrible but stick it out and it will recover. The next time it goes down it won’t bother you anywhere near as much you need to physiological train yourself with that first ‘drop’
Very interesting and inspiring interview, which has motivated me to properly learn about investing. Andrew's plain English investing approach to learning will greatly help someone like me, whom has no knowledge of investing. Thanks for providing this interview packed with knowledge, Wisdom and Understanding. I will definitely be buying my recommended books by Andrew Craig. Look forward to more interviews with Andrew.
Really Great Content!!! Thank you for sharing, Very enlightening.
There is a reason the system don’t teach financial education in schools
Thoroughly enjoyed this! Great guest
Top content as usual 🫡!!
Great insights and buying all his books 📚 🤜🏾💯🧨
Fantastic content, would like to hear how AI and bio-tech can work togther.
Thanks so much. Hopefully Ato won't mind my saying that we intend to cover precisely this stuff in another interview soon so please watch out for that!
Thanks for this interview
This is some great advice for the average person. If you're planning on working a 9-5 forever then this makes sence that in 35-40 years, you'll make a million in the stock market.
However, if you want to cut that time down by 80-90% then the best way to go is investment in digital assets like crypto currency. You'll most likely lose money in the first year unless you're lucky.. but thats the cost of entry. If you stick with it you'll learn from your beginner mistakes and the next year, you'll make some great returns. For young people especially, crypto is the only way youll make tens, huderds or even thousands of percentage gains on your investments over typically a 4 year period. High risk, high reward!
Didn't realise I wasn't subscribed 😂
Great content as always 👏
Great content I surely will tune in to his channel
Is it recommended to invest into areas you have knowledge in, for example I work in a healthcare we tend to get an idea of which pharmaceutical companies are doing well, I really lack knowledge in say tech so probably would not want to invest here
Super amazing content guys! Financial education is so important. Live below your means and invest for the long term in an asset you understand is profound and so important so the day will come when you can live and give as you desire.
Top tip: Tesla stock $TSLA is a huge generational opportunity. I would recommend you deep dive into the company and mission and if you understand it you will see the potential and benefits as an investment and for all humanity is huge. Good luck!
I wish you could bring him back.. I've already listened to this 2 times and I've learnt so much even though I have a fair knowledge about investments... Great Great content.. @savvywallet Thank you soo much.. Priceless information
How to know what to invest in to get 1 to 5%
Please study -Bruce Lipton and Ken Honda and Ernesto Sirolli thanks 🌎
Can you please share the best apps or stocks & shares to look at for compound interest 🙏🏽 thank you
There’s many out there that are very good, it will depend on what you want to invest into and if you want to invest yourself or if you want someone to invest on your behalf, so make sure to do your research. If you’re looking to invest yourself some of the best platforms are Vanguard (it’s low costs and only sells its own funds), Hagreaves Lansdowne, Trading 212 (which I use. If you use the link in my BIO you’ll get a free share worth up to £100, if you deposit £1). For companies that will invest on your behalf you could look at Wealthify of Moneyfarm. I’d recommend watching the episode titled “INVESTING EXPERT: After 10 Years Investing, I LEARNT This About Building Wealth” that’s another conversation on investing. I hope that helps!
really enjoyed this podcast, thanks
I became a paper millionaire at 30 but never touched anything until I was 43 by which time I was worth over £15 million.
This was all done via investing via my isa and never made more than £50k a yr.
Excellent
Honest question… don’t you get contents insurance in case of a break in? In which case, you could lose multiple items worth 10K plus or even more depending on your wealth and the items you’ve acquired?
fantastic interview mate
Great guest
Hi I have a question. I noticed you use the term investing rather loosely 10% for investing. Do you feel that investing should be distinct from savings? I believe that investing has a more long-term non current implication where as saving is more for your immediate needs and future emergencies.
Yes I get it - the last thing you should do is just hold dollars and not invest, but don't blame people not investing on Bitcoin. If you want to see more people become investors cut capital gains to zero and watch markets soar. Get the government out of the way and markets will flourish. Also - I would not overlook bitcoin, the scarcest asset known to man. You don't have to go all in, just DCA long term and build long term wealth.
It is not that simple. I have invested for over 10 years now, I’ve got all the possible ISAS, pension, rental properties… so for some I’m doing well, but I do not have Finacial independence, yet. However, it is not as simple as Andrew explains. I absolutely agree that investing is necessary for retirement, governments won’t save you. But all the theory of yearly 10% profit over 40 years, it’s just that, theory. If my science background has tough me something, it’s that theories are completely different than real life. And even more than this, there are no long term studies with real people and real returns,l for that long it’s all based on paper.
If you can make an average of 10% per year compounded, after all fees etc then you will be better than most of the hedge fund managers out there.
@@Sam-jy5tj that is the catch “if”. And if my grandma had wheels, she would have been a bike 😅
“Discover Things like spices and other things” Yh take our ancestors to the ‘new world’ 😅
What markets should we look to invest in to?
Insightful episode. Thank you.
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
A million pounds in say 40 years when I retire won't be worth very much
A million pounds is nothing now, let alone 40 years,
@@davidwhitton5519 Well it's better than what most people's net worth is currently
I'd rather have a million than not have a million
The kenyan Tony Adams , good video
In light of what I have just said then really we need far more than 10% if you take into consideration of the two categories of investment s you outlined also i.e. risky and not so risky.
and hoping you live until then
Insightful ep. Been overpaying on my mortgage but think sacking up and looking at investments is a great idea
Im up 25 percent since 2021
Hi, I loved this, but who do you read? Which author do you follow? There’s so much on CZcams which can be confusing?
Is it just me or waiting till 60 to enjoy my fruits doesn't excite me. If you spend that 200 a month on a education and pick a field and just grind by the time you are 35 you will be far better off. Sure what he says might work but waiting for your best years to pass just sounds wrong!
I think there is a great deal to what you say in terms of education and grind! That said - it "should" be possible to get into an investment habit of some kind and it will make a huge difference if you do it over many years. As I said in the interview - if you think about how to spend 90% of your income on stuff you love every month, you might surprise yourself at how you can save 10%. Also - all companies MUST now enrol you in a pension where you put 5% of your salary and they put 3%. If you get that bit right, that too can have a huge impact. Also - you don't have to 100% wait until you're 60. If you invest then along the way you're likely to be in a much better position of a few years of doing that e.g. to buy a car or take a holiday etc... than you will be if you don't invest. And the final point is that if you don't do this, you're going to be SO much worse off from e.g. 60 to when you die than if you do. The demographics mean that governments just won't be able to fund you - no matter which party is in power. There is SO much upside to getting this done and massive downside to not getting it done. I hope that helps! Very best, Andy.
I hear you. It’s good to have on the side like he says 10%. Would that hurt you in your grind?
He doesn't say you invest 90% of your income and then try to survive, investing 10/15% of your income should not stop you from studying or enjoying your life eather
Great answers. Positive community y’all really trying to help 👍
Should bring up there are dividend paying stocks . To finciance ur life
It’s a good strategy. I also maximise my work pension contribution which my workplace matches.
As well as contributing, which is super great to do, make sure you are aware what your pension is invested in, as by default you are just invested into a balanced fund. I’m in my 40s and as I have time I’m invested in US tech stocks as for the long term and with the advent of AI I believe these growth stocks will perform well. Say 5 years out from retirement you can then revert to a more conservative fund to protect your growth. Good luck in your investing journey
@@Mario-ud1ft good tip Mario. I’m 40 myself. Just double checking, have you put your contributions into individual stocks?
@@MosAchillesJourney24 it’s not possible to invest in individual stocks within a pension, you can only invest in funds. Worth checking the fact sheet of each fund you are considering to make sure the stocks the funds invest in are stocks that you fundamentally believe in and have great risk to reward opportunity. You can only invest individual stocks within a stocks and shares ISA (max £20k a year for each individual). I have found interactive brokers to be the best platform for this here in the UK, in terms of ways of use and costs for each trade.
Where can I get these mystical average stock market 10% returns
The US stock market for the last century. You do have to do it for the long run and every month though.
Bro, the first advert was FIFTEEN MINUTES LONG! Maybe have a word with yt 😮
Who spends 100 a month on contents insurance? More like 10 a month. Buildings and contents maybe about 400 a year
Keeps assuming 10% compounding annual return. No fund returns this consistently after fees.
The Rothschild example is probably the worst example ever for investing. We are talking about crooked people who made their money through wars, buying politicians, sponsoring revolutions, slave trade and corruption of the highest order.
For the average person keeping more of your money in your pocket is a good start before making others rich. Compounding is the second best way to increase wealth overtime in a tax shelter such as ISA only once you have reached your potetial in the short to medium wise skills wise. The best form for investing is in one's ability (skills) to generate multiple streams of income. In short be an insider investor, that's the only way you can get ahead. Passive investing is only for people who have a lot of money to start with.
Finally, a lot of the so called 'investment' field is a scum so invest time and money in educating yourself and grow slowly and consistently. If it's too good to be true, then it's not.
So how do I become a millionaire investing 2.5k a year? 100k after 40 years
That would be £208 a month. With an annual growth rate of 8%, that would be worth 739k in 40 years.
I'm only 15mins in and yes you can be overwhelmed with bad News but you can't for get people who are suffering and dying. You can still focus on making money and more time passive income takes up a small amount of time. But we can't allow people to dtmie without batting an eyelid, very inhumane.
1:05:00 10% of 30k post tax a month is 250 quid ?? I think he means pre tax.
People investing in Crypto are mostly doing it for the current cycle and not the long term. You take profits in the bull market. Most of the leading cryptos from 2017 are no where to be found today.
Fact is, there is no other of capital markets that can generate such returns like crypto in a very short space of time.
A £1OOO,OOO, is no big deal in the UK, most will have to change their employment situation to get that kind of money !
and thats over 55 years of life. I love investing but i dont scream about it as one thing is to invest, another is to live up to the point you cash in your investment and maybe at that age...to enjoy it
Great video.
I was a process control engineer (just retired 2/21/24) I would always stress test my projects just to make sure it would work under all conditions.
Also depending on the government.
But I found away of earning more income despite my Retirement. $57k weekly returns has been life changing, after so much struggles.
Scammer
How cam you invest with cost of living so high? A lot of people are living pay check to pay check so can't save.
good talk but need to be realistic why people buy say crypto example yes its risky but 10 percent a year that gets eating on fees and charges wont get you mowhere unless you have a huge some of money to invest. While young take more risk and then get more reward, you can come back rather now then when you get old. When old and you have alot of savings from years of work then follow this and be happy with your 5% relatively riskless unless financial crisis money
Incorrect. Start at 18 with £100 per month and cost average into a low cost index fund. This will make you a multimillionaire by retirement…
@@Bluearmy76 no it wont its relatively riskless if you invest in a diversified fund with big companies will make the managers millionaires with fees but not yourself
@@themoneyeffect647 im well on the way to being a millionaire with this exact strategy 🫡
No need to pay big fee’s unless you don’t really understand the subject and/or the options open to you 👍🏻
This guy's incredibily entitiled with his 99% of the world is going to a bar smh. It's okay to see how broken the world is why 1% own more than the rest
Next time go straight to the conversation, your intro is unnecessary long, the guest tried to get into things but you brought him back on introduction. People click here not to waste time on intro, just my suggestion mate.
Surprised he was playing down the genocide of Palestine by Israel on 13:30.
Really good podcast channel though, subscribed.
Why is he saying "Yemen, Israel, Ukraine"? Doesn't he mean Gaza instead of Israel?
He did mention Gaza after and it’s good to know.
really dude , really?
They both just need to love each other. That’s their problem.
Did this boomer just blamed Bitcoin for the problems of the world?
10% returns every year, for decades? 😅😂🤣 Snake oil!
On average
I’m more afraid of Harris than Trump for the world economy. 😂 a strong US is good for the world.
Its tragic what is going on in Israel? Do you mean in Palestine or what Israel is DOING?
I 100% hear you and I am sorry that I didn't say "Gaza" every time I mentioned the conflict in that part of the world. Please don't think that this means that I'm in any way trivialising the situation in Gaza. For what it is worth I did say "Gaza" at around 16.40. I will do better next time. Very best regards, Andy.
@@andrewcraig2183 surprised by the reply. Respect
@@aburaheimhassan1894 Thanks so much. I'm sorry I didn't reply sooner. Very best wishes, Andy.
Sorry 25k is not happening 😂. Unless you want to live in a cave for free with nothing else for 40 years good luck 😂😂😂😂
You’d be surprised. Look into compounding.