How I Use Frugal Living to Make Money (Not Just Save It)

Frugal living isn't just about saving money. 💰 In this video I show how I'm using it to pay off debt, build an emergency fund and start investing in a stocks and shares ISA in the UK, and what I plan to do with my money once my second credit card is gone. Without living frugally, I wouldn't have had the money to invest. I've paid off £7,000 of debt in five months, and I'm now sending a small amount to a global index fund. 📈 I also explain why inflation changed how I think about money, and show an illustration of what £1,400 a month could grow to over five years. 🎥 Watch next: How I Live Frugally, Look Normal, Save Thousands:    • Live Frugally, Look Normal, Save Thousands   I Didn't Expect Frugal Living To Excite Me This Much:    • I Didn't Expect Frugal Living To Excite Me...   📥 Free resource: the 30-Minute Money Audit worksheet Want to see where your own money is going? Download my free 30-Minute Money Audit worksheet, which will help you to spot what to cut and where your money could go instead. Download it here: https://ian-nemv7d.subscribepage.io/ 💬 Quick poll in the comments: have you started investing? 1️⃣ Yes. 2️⃣ Not yet, I'm scared. 3️⃣ Not yet, I don't know where to start. 👇 Let me know in the comments. (Not financial advice. Capital at risk.) ⏱️ Chapters 0:00 Frugal living to make money (UK personal finance) 0:43 Financial Freedom Mission: Taking Control Of My Finances. 1:07 How I saved money: cutting costs and cancelling subscriptions 1:59 Pay off credit card debt, build an emergency fund and start investing 3:43 Investing Scared Me 4:23 Stocks and shares ISA, global index fund, inflation and risk. Investing as a Beginner. 7:28 Investing after debt: what £1,400 a month could become in 5 years. Compound Interest. 8:56 Frugal living and investing for beginners: final thoughts ⚠️ Disclaimer: this video reflects my personal experience and is not financial advice. Investing carries risk and your capital is at risk. The figures shown are illustrative only and are not a prediction or guarantee. Do your own research and speak to a regulated financial adviser before making any decisions. #frugalliving #investingforbeginners #ukpersonalfinance #frugality #passiveincome #investing #stocksandshares #stocksandsharesisa