pro tip...get to know the bank manager well. I had a fantastic bloke in lloyds at york, who bent rules to help me out. Most bank staff are clueless box tickers, but some with 15 yrs exp can recall when local branches made lending decision, not some computer or central office.
tip part 2........if you find a flexible manager.....take 2k of the student loan money, at the start of each term.......and buy....(gov)gilts....www.moneyadviceservice.org.uk/en/articles/fixed-interest-securities-gilts-and-corporate-bonds this is then classed as security against a loan....you can borrow agaisnt it.......use the loan to pay for expenses that term. Rinse repeat every term....reinvest the gilt interest in shares or womble farming coops, or bitcoin or the Grimsby Porn insdustry, as you see fit.
If you do freelance work and declare income register a company. Pay yourself through a company (minimum wage depending on turnover) and pay out in dividends end of financial year. Providing you are in tax band one after all earning you pay a lower rate of tax (7.5%) on your dividend payout.
tom111 not in the UK but have a limited company registered there from when I was there. Lots of IT contractors use the method I described to save on tax. IR35 seems to be making it a little more difficult now.
@@BibiMizrah ir35 only applies if you are working for someone else as a ltd company. If it's for yourself or a company less than 50 people it doesn't apply
love this!! I remember i saw your video ages ago saying you were investing your loan and i was like umm okay??? But since coronavirus and all my savings being baso useless (plus no rent), I started investing about 2 months ago - and i’m up around 30% atm!
The "Lifetime ISA" which is the same thing at Help to Buy, but it's a newer version, and if I remember correctly it has a few more benefits depending on how much you deposit.
It's an amazing account, you can earn up to £1000 per year (you need to save 4k though). They basically give you 25% of whatever you save. The catch? You can only use saved money for buying house ( or after retiring). I'm buying next year so no brainer for me.
i dont mean to be off topic but does someone know of a way to get back into an Instagram account?? I was stupid forgot the account password. I would love any tricks you can offer me.
Another thing you could do, is take all your money out including overdraft (be careful not to get hit by overdraft fees) then invest that money as well or put it in another bank account with good interest
I make huge profits on my investment since I started trading with Melissa Platt, her trading strategies are top notch coupled with the little commission she charges on her trade.
With the consistent weekly profits I'm getting investing with Mrs Melissa Platt there's no doubt, she is the most reliable in the market. Such a genius.
I invest with Mrs Melissa too, she charges 10% commission on profit made after every trading session and that is fair compared to the effort she puts in to make huge profit
Amazing I also just started trading with Mrs Melissa Platt , she is the best at what he does with an initial investment of $1600 I made up to $5230 in just a week of trading with her, her strategies are mind blowing!.
This is an awesome video! I've always been good at managing and saving my money so have a nice bit saved (basically just hoarded my student loans) - I've been talking about investing for a while, now I've finished uni, I think I should 'bite the bullet' and get some investments going 🤞
I don’t want to bash your process and I’m not sure how interest rates work in other countries, but I’m assuming they’re very similar to the U.S. But wouldn’t have to invest in an asset that would not only return a profit greater than .25% (like you said is the average bank interest rate), but wouldn’t you also have to look for an asset that would return greater profit than your loans interest rate? Usually student loans have very very very high interest rates, much greater than the stock market could return unless your Warren Buffet. So wouldn’t it make more sense to simply return your unused loan funds within one year of taking the loan out of you know you won’t need it? Sure you may earn a few hundred here and there with your method, but you’d be paying back THOUSANDS in interest to the student loan servicer in the years after college. Maybe I’m wrong but just a thought
Hey, I love your stuff I've just been binge watching it all during lockdown :-) I have a question tho- how did u get into York with BBB when they wanted AAB?
The help to buy ISA has been superseded by the lifetime isa and it's better in every way possible. You can put up to £4000 a year in it, and you get 25% additional from the government for free (you get it straight away unlike help to buy when you get it at the end). You can use it to buy your first house or for retirement. Other restrictions do apply such as the house must be under £450000 in London or £250000 otherwise. But I recommend looking into it. You can open a stocks and shares LISA to invest it as well.
Ive got a isa with a company that gives extra perks like free days out to theme parks ect, free money to help your community £400 a year so many other stuff aswell
If you were to invest £2,000 into BP or a huge dividend stock just days before the ex dividend and then sell it shortly after then you would still receive the dividend and on £2000 it’s between £50-60! Admittedly more risky because in them few days BP may go up a lot or down a lot in price but considering your money was only working for a few days it’s a nice return of 5% plus.
HTB ISA switched to Lifetime ISA and is actually better because you get your 25% bonus monthly rather than when you buy a house so... compound interest anyone... plus you can use it as a pension if you decide not to buy a house
Thanks for watching! Let me know your thoughts on this video⚡️Also if you wanna make money open this... 💷Also make money from Surveys! (From MaxBounty) afflat3c1.com/lnk.asp?o=10083&c=918277&a=515712&k=8D107C1070C0B7727042007FB1F05786&l=9912 💷Trading212 promotional Link (mentioned in the video) - www.trading212.com/invite/Fg3BVeXx - sign up using it and we both get a free share (worth up to £100)
This is flawed. Student loans have an interest rate of 6%. Name a stable reliable ISA that makes 6% or more annually. Unless you intend on not making enough to repay the loan off this is a bad idea.
Thanks for commenting that was a Interesting pov, but it’s too risky to instantly pay back all your loan ASAP as you might need the money etc etc with investing there is some liquidity if needed and I recon investing could defo yield a return of >6%
Student Vlogs - Dylan I appreciate your response and I respect the video idea. There are definitely profitable ways of using your student loan. In my opinion no debt is better than debt but in some cases I agree it can be used in a effective manner. It’s just difficult to achieve a successful result. I appreciate your content and enjoy your videos keep it up fella!
you can take a loan and work , invest your money from the job and keep the loan in a safe place , you can learn forex and btw what do you think about forex is it hard to learn and the rumors about it is true ? dropshipping is something common now as i think like all the people nowadays wanna get into dropshipping so you really should think good and have a good plan for this invest . i dont think you can get money without risk , the time that we are living now does not allow that , so ofcourse there is risk cause as i said every person wants to invest his money and lets say that the market already is full and your project or invest should be rare , unless you think out the box and do something clever or even start your own company and create things that noone thinked about , or maybe just challenge like everyone else and invest in a common thing but rare in common , you feel me ? i still prefer investing money even if its dangerous
International students getting no loans and having to pay twice the fees honestly drives me nuts. On top of paying for our visa and housing. Honestly want to know why we’re charged so much more 🤔
The administrative work and visa applications take more time and cost more than what we need to do for domestic students. We need extra teachers for ESL/ELL classes and services that domestic students don’t need. Many schools have an international coordinator or something similar who needs to be hired and paid. There may be extra insurance costs for students from overseas. The school may need to pay a translator for documents, the website, report cards, etc. The school may need to pay an interpreter to communicate with parents, both during the admissions process and while the student is at the school. International students have to pay for housing, whether it is with a host family or in a dorm. Local students live at home. These are some of the reasons but there are many more , e.g. the families not paying any tax to the state whereas domestic students families do , which contributes to the universities funding etc.
There are explicit terms and conditions on what you can and cannot do with your loan money. Federal school loans in the US will reneg on your loan and request the money back. Personally though, I've made sure to build enough of a warchest of funds to continue growing through school so that I could at the very least put a big dent in the repayment process or pay with growth.
Due to coronavirus out break (covid-19)my business was short down, I was down at a point whereby I can't afford 2 square meal a day. Thanks to a friend of mine who recommend me to Mrs quinn brayden, who helped me to earn money online through forex/binary options trading.
It was like a dream come true, I never knew online forex trading is really profitable until I got myself involved in it. $650,000 is more than enough for me to start establishing my business again.
what I'm earning in forex trading is more than what my business earn me in three years. Words alone can't even express the joy in me each time I received my profits from Mrs quinn. I guess it's true what they say "trying a new things is never a bad idea"
I bought ETH and XRP during the March crash. £8k worth lol. Converted into BTC. Now have 1.5BTC and now working on future indexes. I’m not gonna invest into ISA Stocks and Shares(I had a vanguard account sold everything) only cuz it will crash next year 100000%. Why don’t you trade options mate, much more quick money. Just make sure your expiry is long and buy into the strike price close as possible. I think everything is still bullish for the next couple of months, so expiry of 15thJan2021 maybe a bit expensive. Also, ISA Stocks and Shares is kinda slow and most of the times good if you trade large sums like 10k plus. AMD is worth buying btw
Yeh that’s all very interesting stuff bro! I would love to trade options but I’m not sure how all of that stuff works in all honesty! I’ll check out AMD! Thanks for the advice bro!
The problem with the ISAs are that you have to only use them for House Deposit or saving for later (much much later...... like retirement). If not Government will give a 25% charge on withdrawals. Are there any good accounts while living in uni? Something to give us more than the pathetically low interest rates and/or freebies and monetary return in another way? Anyone can make a video, copy pasting from other sources, its the ones who give good, viable and preferably 1st hand research that are of any significance.
You only have to use an ISA for house/retirement if its a LISA. You can always open up a cash isa (which has low interest rates tho) or a S&S ISA which you can take money from at any time, with no tax on your capital gains
Did you have a job at all during uni? Also, sounds stupid lol but what are the pro’s of having a student bank account? Apart from the higher interest rate that you mentioned in the vid. I’m starting uni in September as a mature student, so dunno whether to get my student loan paid into my current account, or open a student one?
I was always under the impression that there is a limit of only one ISA account that you could open/maintain at one time, is the case different if its a help to buy ISA?
What's the diff between Trading 212 Invest and Trading 212 ISA? what is recommended, also will your trading 212 link work for creating an invest or isa account? Cheers
Hi. A little bit off topic but just a bit ;) I don't know if you work but if you do I assume it's part time. Now, we all know that this year 12500 is tax free. What about maintenance loan? I mean, let say that my part time job pays me 12000, my maintenance loan is 9000. That is 21000! Is it tax free?
I’m a first year student and have a loan out from student finance (NI) am I able to make small investments with 20-100 pound with my own money without it affecting my loan?
I would be investing, I see no point obtaining a mortgage until at least my late 20s or early 30s, it massively restricts your mobility of labour and career flexibility. Just rent until you have a long term career and long term career prospects, which is usually once you get around your late 20s/early 30s. That’s my advice.
@@Claireradusha99 you mean besides potentially being forced out of or forced to delay the literal defining moment of your financial evolution? A college degree is on average worth over 500k more than simply not having one, say you invest your 40k nest egg you built against having to work at Walmart into some 'safe' returns, and you get amazing returns, say 20 apr during college, 48k, 57k, 69k, 84k, you've over doubled your investment! Congratulations! However should you take a long position and need to actually withdraw any of your money, ding taxes! that's just a normal bad scenario, what if your investment doesn't actually pan out and your hard strapped for cash? Assuming the difference in salary is probably about 30-40k per year, that means if you have to delay your college for even a year because of a poor financial decision you've not only lost money you never had, you've effectively negated any possible gain whatsoever.
Rick Pascua I don’t think you under Stand what he’s referring to. In the Uk it’s different, so the student loan he’s talking about isn’t tuition but money to live with. And as he said he had money saved from his job he had spare to do whatever with.
@@zzzz-fk8ce we don't ever see the university money, it goes straight from the government to the university. The money he's talking about is for our maintenance. It's good because let's say you take out a loan of 8000, but only need 5000 to live on. You have an extra couple thousand to invest in, this is why many students do invest. If they lose their 2000, they have 1000 spare for emergency and have already covered their living costs. If they do well, they can double their money, so for students in the UK it's a win win situation. For students in the US, it's the worst thing to do and I agree.
Hello I am currently studying a level 2 course and soon to be level 3. I was wondering is there any funding or loans I can get as I desperate need for a laptop and struggling with living costs. I also have really bad credit . Thanks
Issy Webster thank you! just from my own research that’s the one that seemed the best but I don’t have any family/friends to ask about this stuff so decided to ask here when this video popped up thank you for replying! :)
Insightful. If you do your own investing, have you ever wondered whether you should turn things over to a professional ? I have been pondering on the same question from stories hanging out on the news. How investors make millions in the marketplace using $100,000 only.
Bro... your student loan is literally a LOAN. If u have money left over just start paying back the loan. U pay like 4/5% interest on that. Investing is great but your debt is increasing by 5% each year
Honestly, student don't 'feel' the debt when paying it back so I understand why some rather prioritise investment rather than paying it back. In addition, it gets written off after a certain amount of years especially if post-graduation you choose to work abroad and you only start paying it back once you earn a certain amount of money so in my opinion, I do not think the debt is anything to worry about. Given you are managing the finances well, You're fine.
You don’t have to pay it back til you earn like 25k, and if you haven’t payed it back within like 20 years it gets scrapped. Even when you do earn over 25k you won’t pay much monthly anyway
pro tip...get to know the bank manager well. I had a fantastic bloke in lloyds at york, who bent rules to help me out. Most bank staff are clueless box tickers, but some with 15 yrs exp can recall when local branches made lending decision, not some computer or central office.
tip part 2........if you find a flexible manager.....take 2k of the student loan money, at the start of each term.......and buy....(gov)gilts....www.moneyadviceservice.org.uk/en/articles/fixed-interest-securities-gilts-and-corporate-bonds this is then classed as security against a loan....you can borrow agaisnt it.......use the loan to pay for expenses that term. Rinse repeat every term....reinvest the gilt interest in shares or womble farming coops, or bitcoin or the Grimsby Porn insdustry, as you see fit.
Waaaaa
You know Santander is king when the cash ISA gives you a whole 0.01% interest 💵
How’s that king 🤣
@@bobbin3238 you are too stupid to understand scarcasm
Hahnahahahahahah
I must be lucky I get .02% in my usaa savings! 2% for 1 yr CD
when my isa has a grand total of £0 :,)
If you do freelance work and declare income register a company. Pay yourself through a company (minimum wage depending on turnover) and pay out in dividends end of financial year. Providing you are in tax band one after all earning you pay a lower rate of tax (7.5%) on your dividend payout.
Bibi Mizrah or if you are in the U.K. buy it through a ISA then no tax due
Yeh that’s a good idea and true!
tom111 not in the UK but have a limited company registered there from when I was there.
Lots of IT contractors use the method I described to save on tax. IR35 seems to be making it a little more difficult now.
@@BibiMizrah ir35 only applies if you are working for someone else as a ltd company. If it's for yourself or a company less than 50 people it doesn't apply
love this!! I remember i saw your video ages ago saying you were investing your loan and i was like umm okay??? But since coronavirus and all my savings being baso useless (plus no rent), I started investing about 2 months ago - and i’m up around 30% atm!
Ayyy nice!!!
The "Lifetime ISA" which is the same thing at Help to Buy, but it's a newer version, and if I remember correctly it has a few more benefits depending on how much you deposit.
It's an amazing account, you can earn up to £1000 per year (you need to save 4k though). They basically give you 25% of whatever you save.
The catch? You can only use saved money for buying house ( or after retiring). I'm buying next year so no brainer for me.
i dont mean to be off topic but does someone know of a way to get back into an Instagram account??
I was stupid forgot the account password. I would love any tricks you can offer me.
Another thing you could do, is take all your money out including overdraft (be careful not to get hit by overdraft fees) then invest that money as well or put it in another bank account with good interest
Help to buy is an equity loan, you have to pay it back... + a percentage of any profit made when u sell.
I make huge profits on my investment since I started trading with Melissa Platt, her trading strategies are top notch coupled with the little commission she charges on her trade.
Wow, amazing to see others who trade with Miss Melissa Platt. I'm currently on my 5th trade with her and my portfolio has grown tremendously.
This is not the first time I am hearing of Mrs Melissa and her amazing trading skills but I have no idea how to get hold of her.
With the consistent weekly profits I'm getting investing with Mrs Melissa Platt there's no doubt, she is the most reliable in the market. Such a genius.
I invest with Mrs Melissa too, she charges 10% commission on profit made after every trading session and that is fair compared to the effort she puts in to make huge profit
Amazing I also just started trading with Mrs Melissa Platt , she is the best at what he does with an initial investment of $1600 I made up to $5230 in just a week of trading with her, her strategies are mind blowing!.
Nice video bro, the Lifetime isa is the replacement of the Help to buy isa I think, Affiliate marketing is meant to be a pretty good way to make money
Ayyy my bro!!! I seee
This is an awesome video! I've always been good at managing and saving my money so have a nice bit saved (basically just hoarded my student loans) - I've been talking about investing for a while, now I've finished uni, I think I should 'bite the bullet' and get some investments going 🤞
Always be happy, healthy and I hope good things will flourish.
spare student loan??? yea right 😅 i wish.
😂😂😂
I don’t want to bash your process and I’m not sure how interest rates work in other countries, but I’m assuming they’re very similar to the U.S. But wouldn’t have to invest in an asset that would not only return a profit greater than .25% (like you said is the average bank interest rate), but wouldn’t you also have to look for an asset that would return greater profit than your loans interest rate?
Usually student loans have very very very high interest rates, much greater than the stock market could return unless your Warren Buffet. So wouldn’t it make more sense to simply return your unused loan funds within one year of taking the loan out of you know you won’t need it? Sure you may earn a few hundred here and there with your method, but you’d be paying back THOUSANDS in interest to the student loan servicer in the years after college.
Maybe I’m wrong but just a thought
How much income did you get from your investment overall since investing
On my coronavirus portfolio so far plus 24% so far but I’m holding lots of cash atm so ready to reinvest !
@@lifewithdylan please do a video on what you plan to buy if there is a crash
It depends
Hey, I love your stuff I've just been binge watching it all during lockdown :-) I have a question tho- how did u get into York with BBB when they wanted AAB?
ayy!! i have no clue how i did it!! hahahahah
@@lifewithdylan foundation year?
University of York? psshh we know you’re talking about hogwarts, Severus!
hahahahaha
That’s oxford and Cambridge styll
The help to buy ISA has been superseded by the lifetime isa and it's better in every way possible. You can put up to £4000 a year in it, and you get 25% additional from the government for free (you get it straight away unlike help to buy when you get it at the end). You can use it to buy your first house or for retirement. Other restrictions do apply such as the house must be under £450000 in London or £250000 otherwise. But I recommend looking into it. You can open a stocks and shares LISA to invest it as well.
Hii is there an app you do this on?
I really want to quit my part time job at Tesco’s but I need another way to make money while at uni
Have you tried trading forex, just withdrew 9k so excited
Wow ,really amazing!
@@benphile5198 he's fake
LemonMaze No , slowly have I been making 3k from placing trades takes time
@@benphile5198 how many years
Ive got a isa with a company that gives extra perks like free days out to theme parks ect, free money to help your community £400 a year so many other stuff aswell
Buy a lottery ticket once and win 1+ million quid 😂
If you were to invest £2,000 into BP or a huge dividend stock just days before the ex dividend and then sell it shortly after then you would still receive the dividend and on £2000 it’s between £50-60! Admittedly more risky because in them few days BP may go up a lot or down a lot in price but considering your money was only working for a few days it’s a nice return of 5% plus.
True bro! But on ex dividend day stocks fall by the value of the dividend pay out! But I get you bro🙏
HTB ISA switched to Lifetime ISA and is actually better because you get your 25% bonus monthly rather than when you buy a house so... compound interest anyone... plus you can use it as a pension if you decide not to buy a house
Oh swear! Can I get both?
Student Vlogs - Dylan just lifetime isa now
I love that the thumbnail says "economcis graduate"
i think you should study law next. GDL then LPC or something like that. Or someyhing tech related. What do you think?
That’s interesting, I’d be semi tempted!!
Another great video bro👌🏿 hoping you'll be happy with your results. You've worked hard🤘🏿
Thank you for the support bro!
Bro my maintenance loan isn’t enough to help me with accommodation
Dc watcher what uni do u go to¿
Another great video bro, how did results day go
Thank you!! And video soon!!!
I was lucky that I got a help to buy isa just before they ended the scheme
I’d still argue that the new Lifetime ISA is better.
Tylor Graham I didn’t even know it existed, my parents told me just to set this one up because they knew the scheme was ending.
Beth Burnett same
Thanks for watching! Let me know your thoughts on this video⚡️Also if you wanna make money open this...
💷Also make money from Surveys! (From MaxBounty) afflat3c1.com/lnk.asp?o=10083&c=918277&a=515712&k=8D107C1070C0B7727042007FB1F05786&l=9912
💷Trading212 promotional Link (mentioned in the video) - www.trading212.com/invite/Fg3BVeXx - sign up using it and we both get a free share (worth up to £100)
Thanks for the video. Is there any grants for students with bad credit In the UK?
I wanted a help to buy Isa after watching this video but they aren't offering them 😭😭
Sad times, hard times, unprecedented times
Lifetime isa are similar !! :)
Student Vlogs - Dylan LISA's are better!
This is flawed. Student loans have an interest rate of 6%. Name a stable reliable ISA that makes 6% or more annually. Unless you intend on not making enough to repay the loan off this is a bad idea.
Thanks for commenting that was a Interesting pov, but it’s too risky to instantly pay back all your loan ASAP as you might need the money etc etc with investing there is some liquidity if needed and I recon investing could defo yield a return of >6%
Student Vlogs - Dylan I appreciate your response and I respect the video idea. There are definitely profitable ways of using your student loan. In my opinion no debt is better than debt but in some cases I agree it can be used in a effective manner. It’s just difficult to achieve a successful result. I appreciate your content and enjoy your videos keep it up fella!
Open an ISA, invest in index funds.
Agreed
you can take a loan and work , invest your money from the job and keep the loan in a safe place , you can learn forex and btw what do you think about forex is it hard to learn and the rumors about it is true ?
dropshipping is something common now as i think like all the people nowadays wanna get into dropshipping so you really should think good and have a good plan for this invest .
i dont think you can get money without risk , the time that we are living now does not allow that , so ofcourse there is risk cause as i said every person wants to invest his money and lets say that the market already is full and your project or invest should be rare , unless you think out the box and do something clever or even start your own company and create things that noone thinked about , or maybe just challenge like everyone else and invest in a common thing but rare in common , you feel me ? i still prefer investing money even if its dangerous
International students getting no loans and having to pay twice the fees honestly drives me nuts. On top of paying for our visa and housing. Honestly want to know why we’re charged so much more 🤔
The administrative work and visa applications take more time and cost more than what we need to do for domestic students.
We need extra teachers for ESL/ELL classes and services that domestic students don’t need. Many schools have an international coordinator or something similar who needs to be hired and paid.
There may be extra insurance costs for students from overseas.
The school may need to pay a translator for documents, the website, report cards, etc. The school may need to pay an interpreter to communicate with parents, both during the admissions process and while the student is at the school.
International students have to pay for housing, whether it is with a host family or in a dorm. Local students live at home. These are some of the reasons but there are many more , e.g. the families not paying any tax to the state whereas domestic students families do , which contributes to the universities funding etc.
Coz your parents didn’t pay the taxes which pay for the campus, lecturers wages etc.
Because ur international??
There are explicit terms and conditions on what you can and cannot do with your loan money. Federal school loans in the US will reneg on your loan and request the money back.
Personally though, I've made sure to build enough of a warchest of funds to continue growing through school so that I could at the very least put a big dent in the repayment process or pay with growth.
What’s the best bank to invest on as a student??
I want to start investing but I don’t know if savings/investments will affect the maintenance loan that I’m getting.
Due to coronavirus out break (covid-19)my business was short down, I was down at a point whereby I can't afford 2 square meal a day. Thanks to a friend of mine who recommend me to Mrs quinn brayden, who helped me to earn money online through forex/binary options trading.
It was like a dream come true, I never knew online forex trading is really profitable until I got myself involved in it. $650,000 is more than enough for me to start establishing my business again.
what I'm earning in forex trading is more than what my business earn me in three years. Words alone can't even express the joy in me each time I received my profits from Mrs quinn. I guess it's true what they say "trying a new things is never a bad idea"
I bought ETH and XRP during the March crash. £8k worth lol. Converted into BTC. Now have 1.5BTC and now working on future indexes. I’m not gonna invest into ISA Stocks and Shares(I had a vanguard account sold everything) only cuz it will crash next year 100000%. Why don’t you trade options mate, much more quick money. Just make sure your expiry is long and buy into the strike price close as possible. I think everything is still bullish for the next couple of months, so expiry of 15thJan2021 maybe a bit expensive. Also, ISA Stocks and Shares is kinda slow and most of the times good if you trade large sums like 10k plus. AMD is worth buying btw
Yeh that’s all very interesting stuff bro! I would love to trade options but I’m not sure how all of that stuff works in all honesty! I’ll check out AMD! Thanks for the advice bro!
Dylan know its a bit random but if u can tell me where do u get ur desk blue flash light on ur desk haha
amzn.to/2o9Yv8K these bro?
@@lifewithdylan na i meant those mini gadget ball thingy on the side of ur table on of ur stock video haha thought they looked sick
Another way could be to blog online
Good idea
The problem with the ISAs are that you have to only use them for House Deposit or saving for later (much much later...... like retirement). If not Government will give a 25% charge on withdrawals. Are there any good accounts while living in uni? Something to give us more than the pathetically low interest rates and/or freebies and monetary return in another way? Anyone can make a video, copy pasting from other sources, its the ones who give good, viable and preferably 1st hand research that are of any significance.
You only have to use an ISA for house/retirement if its a LISA. You can always open up a cash isa (which has low interest rates tho) or a S&S ISA which you can take money from at any time, with no tax on your capital gains
Did you have a job at all during uni? Also, sounds stupid lol but what are the pro’s of having a student bank account? Apart from the higher interest rate that you mentioned in the vid.
I’m starting uni in September as a mature student, so dunno whether to get my student loan paid into my current account, or open a student one?
You also get an overdraft with a student account, but this is different to overdrafts on normal accounts as you aren't charged once go into it
I was always under the impression that there is a limit of only one ISA account that you could open/maintain at one time, is the case different if its a help to buy ISA?
naa you can have more than 1
What's the diff between Trading 212 Invest and Trading 212 ISA? what is recommended, also will your trading 212 link work for creating an invest or isa account? Cheers
hey mate! the link works for invest definitely! i think ISA is for tax savings if you was investing big time investbut not sure - ive just got
Used your 212 link for a free share, thanks! 😁
Great stuff! Let me know what one you get!
@@lifewithdylan ended up getting getting national grid...not £80 worth but definitely cant complain for a free share
I didn't use Dylan's link but when I sent mine to someone I did manage to get Astrazenica at £88 suprisingly
So is the “living costs” paid every month into an account?
Every quarter
Isn't that interest annually? Annually that ain't money unless is montlhy interest...
Most students dont get enough student loan to cover rent and living expenses even with a parttime job.
Hi. A little bit off topic but just a bit ;)
I don't know if you work but if you do I assume it's part time.
Now, we all know that this year 12500 is tax free.
What about maintenance loan?
I mean, let say that my part time job pays me 12000, my maintenance loan is 9000. That is 21000! Is it tax free?
A current account. Drop shipping? Fuck you. You rock.
I’m a first year student and have a loan out from student finance (NI) am I able to make small investments with 20-100 pound with my own money without it affecting my loan?
Yes look at trading platforms like trading212
Help to buy isa is only for houses
Do you think it's ok to take the maintenance loan and utilise it to save up for a mortgage? Or should I just look to Investing?
I would be investing, I see no point obtaining a mortgage until at least my late 20s or early 30s, it massively restricts your mobility of labour and career flexibility. Just rent until you have a long term career and long term career prospects, which is usually once you get around your late 20s/early 30s. That’s my advice.
@@josephnicholson Thanks so much for your reply. I will look more into investing in stocks. 😊
I agree with your friend
Joseph Nicholson if you look on the other hand of that why not get a mortgage and buy to let so rent it out?
Investing your student loan is very stupid, the risk at the that time in your life is idiotic.
@@Claireradusha99 you mean besides potentially being forced out of or forced to delay the literal defining moment of your financial evolution? A college degree is on average worth over 500k more than simply not having one, say you invest your 40k nest egg you built against having to work at Walmart into some 'safe' returns, and you get amazing returns, say 20 apr during college, 48k, 57k, 69k, 84k, you've over doubled your investment! Congratulations! However should you take a long position and need to actually withdraw any of your money, ding taxes! that's just a normal bad scenario, what if your investment doesn't actually pan out and your hard strapped for cash? Assuming the difference in salary is probably about 30-40k per year, that means if you have to delay your college for even a year because of a poor financial decision you've not only lost money you never had, you've effectively negated any possible gain whatsoever.
I forgot to mention, you've also lost a year from your life, and you really get a lot less of those than you think.
Rick Pascua I don’t think you under
Stand what he’s referring to. In the Uk it’s different, so the student loan he’s talking about isn’t tuition but money to live with. And as he said he had money saved from his job he had spare to do whatever with.
@@zzzz-fk8ce we don't ever see the university money, it goes straight from the government to the university. The money he's talking about is for our maintenance. It's good because let's say you take out a loan of 8000, but only need 5000 to live on. You have an extra couple thousand to invest in, this is why many students do invest. If they lose their 2000, they have 1000 spare for emergency and have already covered their living costs. If they do well, they can double their money, so for students in the UK it's a win win situation. For students in the US, it's the worst thing to do and I agree.
I bought a crib for myself
Thank you Debtsoff on insta gram
What about fixed term for 2% ? Surely that’s pretty good
It good to an extent because that means you're money will not lose value becuase inflation is 2% but you're money won't grow
Hello I am currently studying a level 2 course and soon to be level 3. I was wondering is there any funding or loans I can get as I desperate need for a laptop and struggling with living costs. I also have really bad credit . Thanks
Anyone have a particular lifetime isa they recommend? Thinking of opening one
Moneybox is working well for me!
Issy Webster thank you! just from my own research that’s the one that seemed the best but I don’t have any family/friends to ask about this stuff so decided to ask here when this video popped up thank you for replying! :)
Hargreaves&Lansdown are pretty good
Rate Me thank you I’ll have a look into them!
Bro can I use your promo code as I’ve just created an account link doesn’t work
the link should work bro? does it not
@@lifewithdylan signed up w it but hasn’t given me a free share
Do you have a promo Code to give out? Or have 20 ppl already used it?
accepting interest is haram
tootingb don’t do it then
hhahahaha
UK is not Muslim
Do not day trade with your student loans holy crap
Do you get the £9,250 tuition loan on top off the maintenance loan
The tuition loan (£9k) goes straight from the government to the uni and the maintenance loan varies between ppl and that’s for ur living costs
don't give investing tips you're not qualified, general/basic is ok
I have a £3000 overdraft pls help
How did you get to this point
Set up a gofundme... best option at this point.
Ask Allah for help
Waaaa
Get a job
Bruh, don’t go uni, you stay life with tens of thousands of pounds in debt.
Depends on what you do with your degree though.
Rich dad poor dad !
Haahahah
Insightful. If you do your own investing, have you ever wondered whether you should turn things over to a professional ? I have been pondering on the same question from stories hanging out on the news. How investors make millions in the marketplace using $100,000 only.
Sell drugs
looool
Bro... your student loan is literally a LOAN. If u have money left over just start paying back the loan. U pay like 4/5% interest on that. Investing is great but your debt is increasing by 5% each year
Honestly, student don't 'feel' the debt when paying it back so I understand why some rather prioritise investment rather than paying it back. In addition, it gets written off after a certain amount of years especially if post-graduation you choose to work abroad and you only start paying it back once you earn a certain amount of money so in my opinion, I do not think the debt is anything to worry about. Given you are managing the finances well, You're fine.
You don’t have to pay it back til you earn like 25k, and if you haven’t payed it back within like 20 years it gets scrapped. Even when you do earn over 25k you won’t pay much monthly anyway
Yo
Yo bro
Why not look P2P investments?