5 TOP MONEY MISTAKES To AVOID In Your 20s, 30s (& adulting)

Published 2020-04-30
Here are TOP MONEY MISTAKES to avoid in your 20s, 30s & as you go through adulting! I've made some of these mistakes myself, so I share important examples and principles that will have you gain wisdom for the journey towards your life of Financial Independence. Enjoy! 😃

★★ LINKS MENTIONED IN THIS VIDEO ★★

BOOK TO READ - "Predictably Irrational" - amzn.to/3f8kEK3

CASE STUDY About Lifestyle Inflation - thehumblepenny.com/pay-off-debts-fast-or-invest

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How To Get Out Of Debt Fast (10 Tips) -    • 10 DEBT FREE TIPS: How To Get Out Of ...  


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★★ ABOUT US ★★

MARY:

I'm married to Ken and we have two boys aged 6 and 4. I'm a Londoner, born in Hackney! :)

Day to day, I run the operations of The Humble Penny as a creative - doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.

When I'm not creating, I love vegan food, travelling, working out and doing some outdoor fun things with my husband and kids :)

KEN:

I'm a husband, dad, and a First-Generation Immigrant to the UK. I started life poor in the UK and I've spent the last 20 years on a steep journey of Personal Development.

CFO by day with over 12 years experience in the investment business. I'm also a Chartered Accountant and hold an MBA from Cambridge University.

To explore my creativity, I'm a blogger and YouTuber by night. I create from my experiences as a family man and entrepreneur.

I have a passion for all things Financial Education, Business and Personal Development. I also love Photography, Music, Travel, and Sport.

We became Financially Independent aged 34 and our story has been featured on the BBC, Mail Online, Channel 5, Metro, etc.

We share content to inspire and teach others how to achieve Financial Independence and Freedom too :)


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Massive thanks for watching and following our channel :) ♥

Best, Mary and Ken Okoroafor

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All Comments (21)
  • @TheHumblePenny
    Hey guys, which of these top 5 money mistakes have you made in the past or even making right now? Please share below 😀
  • @ninatladi4132
    Great video Ken. I'd like to add a 6th mistake : hanging out with the wrong people!!! You are who you hand around, if you hang out with 3 fools, you are the 4th. When I was on my debt free journey I disassociated from the wrong people and sought out the people I wanted to be like and became a part of community in which the new habits, mindset and character traits I wanted are the culture.
  • @kenaddoh4693
    Completely agree with your sentiments regarding debt and the lending of money to friends and family. Dave Ramsey often uses the biblical quote “the borrower is slave to the lender”.
  • Brilliant video, this is a bitter pill for a lot of people to swallow. Being in my early to mid 20s I am glad I have woken up now.
  • @LandAnchor
    Dude your channel is amazing. Such great advice and it’s helping change my mindset.
  • @Thatonethinker0
    You really capture attention so well man you should try out some ted talks
  • @veekay6142
    I love your accent, number 2 is very correct, I experience that, thank you for the nice content.
  • @pandabossanna
    Honestly lifestyle creep is REAL. It was probably the biggest money mistake I made (I'm still in my 20s - not for long though!). That, and constantly re-financing my loan so never getting out of debt. But finally did it!! :) Such a celebration!
  • @masterl14
    This is an amazing video! Thank you!
  • @Darrelsweet
    Amen!! Ken, I am so glad I came across your video. You videos are so down to earth, Clear and encouraging. Yes!! I have started my journey to financial freedom.
  • @MrRoyck10
    I am a scavenger investor, people who borrow must meet certain borrowing criteria, in most cases i don't lend to family or friends but I will gift them a small percentage such as £100 to a £500 loan request. As an I.B.O boy money smart is an integral part of my culture.....another epic content.
  • @EuanCopeland
    Smashing it Ken (& Mary)! Lifestyle Creep is very difficult to maintain but sooo important! I love the ‘laughing the way to the bank’ quote!
  • @ladyf5217
    Always dropping bombs! Great video, I am moving towards financial freedom!
  • @Raetalkss
    You are really on fire in this video! A lot of truths were said here!