YOUTUBE Generation Debt: The 35-YEAR MORTGAGE Trend Shaping Homeownership! AdminOctober 24, 2023059 views Pre-order our book: https://geni.us/financialjoy. In this video, I share the growing trend that 25% of Mortgage holders Under 30 took out 35-year mortgages and what implications this has for the future as well as solutions. I also share a real-life case study to help viewers understand the urgency. Gain investing confidence in only 12 days – https://thehumblepenny.com/SSI Pick My Brain With a Power Hour – https://checkout.financialjoyacademy.com/power-hour/ Want Financial Freedom Coaching? – https://checkout.financialjoyacademy.com/financial-freedom Other ways to work with us – https://thehumblepenny.com/coaching ★★ ARTICLES I REFERENCED IN THIS VIDEO ★★ https://www.bbc.com/news/business-66982650 https://www.ft.com/content/263f5e71-54c1-4562-b246-e0fc024baf58 ★★ SUBSCRIBE TO OUR CHANNEL HERE ★★ https://www.youtube.com/thehumblepenny?sub_confirmation=1 ★★ POPULAR VIDEOS ★★ I Wish I Knew THIS About INVESTING MONEY When I Was 20 – https://youtu.be/C9c4TCAe1SE 5 Work-From-Home SIDE HUSTLE IDEAS That Make Money £500 p/m [UK 2023 EDITION] – https://youtu.be/rTdLWdPS3LM 9 Reasons Some People ALWAYS MAKE MONEY ONLINE (and others don’t) – https://youtu.be/X_FA1nU3dmM 9 BEST Passive Income Ideas for £1000 per month (In 2023) – https://youtu.be/qwn_Gc46ahE 5 Breakthrough Passive Income Ideas – https://youtu.be/FJUKYuo6Oyw 7 Things No One Tells You About Passive Income – https://youtu.be/6Mw0yncGj5Y 21 Passive Income Ideas For A Freedom Lifestyle – https://youtu.be/TIOBlUDtHsc 14 HIGH PAYING SIDE HUSTLES For 2023 To Start Today With Little Money – https://youtu.be/brAvEZCl0ys How To Invest £1000 (9 Best Ways to Invest) – https://www.youtube.com/watch?v=0jRQk8Xkvxg ★★ EQUIPMENT USED ★★ Canon EOS M50 Camera – https://amzn.to/2zcz1K0 Canon 5D Mark II Camera – https://amzn.to/2xRF1XD Canon EF 24 – 70mm F2.8L Lens – https://amzn.to/2lFwdRQ Canon EF 50mm F1.4L Lens – https://amzn.to/2lF6Sr9 Manfrotto Tripod – https://amzn.to/2YC3Sto Apple iMac 2019 – https://amzn.to/2lEXNyz Rode Microphone – https://amzn.to/2lFs0O2 ★★ ABOUT US ★★ MARY: I’m married to Ken and we have two boys aged 8 and 6. 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, traveling, working out, and doing some outdoor fun things with my husband and kids :) KEN: I’m a husband to Mary and daddy first and foremost. Former CFO by day with over 12 years of experience in the investment business. I’m a Chartered Accountant and hold an MBA from Cambridge University. To explore my creativity, I’m a blogger, YouTuber, speaker, etc. I create from my experiences as a family man and First Generation Immigrant. I have a passion for all things Personal Finance, 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, ITV, Financial Times, The Sunday Times, etc. ★★ WANNA CONNECT? ★★ Blog – https://thehumblepenny.com Insta – https://www.instagram.com/thehumblepenny Pinterest- https://www.pinterest.co.uk/thehumblepenny Twitter – https://twitter.com/thehumblepenny Facebook – https://www.facebook.com/thehumblepenny/ ★★ BUILD WEALTH ★★ Visit our online school at Financial Joy Academy for all our wealth building Action Plans: Financial Joy Academy Massive thanks for watching and following our channel :) ♥ ★★ TIME STAMPS ★★ 0:00 – Intro 1:56 – Real-Life Case Study: 35-year mortgage 3:11 – Cost of money 5:32 – Cost of equity 6:29 – Cost to wellbeing 7:11 – Cost to opportunity 7:50 – Cost of life burden 9:16 – Order Our New Book 10:36 – Solutions to the growing trend 10:43 – Solution 1 – Wait and save more 11:54 – Solution 2 – Buy smaller and cheaper 12:50 – Solution 3 – Move further out 13:31 – Solution 4 – Rent instead 14:27 – Solution 5 – Buy and overpay aggressively 15:26 – Solution 6 – Buy interest-only and await inheritance 16:51 – Solution 7 – More houses need to be built 17:17 – Conclusion Best, Ken and Mary #firsttimehomebuyer #homeownership #mortgage ★★ WHAT THIS VIDEO IS ABOUT★★ Generation Debt: The 35-YEAR MORTGAGE Trend Shaping Homeownership! source