I Quit My Banking Job After Learning 5 Things!

[@MitchShoesmith]

I can’t express my level of gratitude towards everyone who has supported the channel in the past 4 years which has enabled me to make this leap. Thank you guys, I hope this is just the start of something great!
Thanks to Trading 212 for also sponsoring this video, be sure to grab your FREE fractional shares worth up to £100, by signing up to Trading 212 using the following link: www.trading212.com/join/MITCH.

[@RoadToOneMil-x8z]

Hi Mitch, great video as always, I’ve got something i’d like to run by you that I hope you might be interested in. Do you have a way I can contact you directly?

[@agiaco]

Given the ongoing global economic challenges, it's crucial for everyone to diversify their income sources, especially those not dependent on government support. Now is an ideal time to explore investments in assets like gold, silver, and digital currencies such as Bitcoin, Ethereum, and XRP. Thanks to Loraine Souvenir for her outstanding proficiency and guidance in these fields.

[@gray56675]

Thanks for sharing, I just did a web check with her full names mentioned

[@VanChuong-on2gh]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024.,..

[@mandyyonge]

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

[@Cynthia-mm1cv]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@tinsleyLuna]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is

[@Cynthia-mm1cv]

just research the name Lucia Alicia Cruz. You’d find necessary details to work with a correspondence to set up an appointment.

[@tinsleyLuna]

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

[@leticiaenraz8514]

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.

[@dominicleong4385]

I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.

[@jasperflontes4289]

I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.

[@ivarlast2966]

Please can someone give me ex tra de tails?

[@dominicleong4385]

I feel this is quite an easy one. You already have her name which makes it easy for you. Just look up her name online. I’m sure you will come across her. That’s how I found her too.

[@dominicleong4385]

You can also find her on

[@CiaranCooney]

Good on you Mitch! Your channel has been invaluable for me! Started watching during Covid and it was major influence on me starting to regularly invest! Long may you reign!

[@MitchShoesmith]

@@CiaranCooney appreciate the support man, thanks dude!

[@dtlittle8]

Brilliant mate. Many congrats to you !
I own a couple of businesses myself after working a corporate job for 15+yrs.
work / life balance on your own terms really is one of the best achievements anyone can make. 👏

[@MitchShoesmith]

Thanks dude! Amazing to hear as well, congrats to you for making the transition!

[@theformula8993]

Well done Mich keep up the good work and keep inspiring others and helping on your journey. Thanks for sharing.

[@MitchShoesmith]

@@theformula8993 appreciate that mate, thanks!

[@mirchimome]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.

[@TaggeGust]

I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

[@shandegabrielrojas9350]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@AdamKotlicki]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@scottweiner9]

I'm new at this, please how can I reach her?

[@mirchimome]

She's always active on Whats~App...

[@LSBContractingLLC]

People downplay planner’s role, until they are burnt by their mistakes.

[@ZhannaDavidova]

I don’t think i need a finance advisor. I can manage my own finances and investments. I don’t want to pay someone to tell me what to do with my hard earned cash.

[@BarbaraPearson55]

my friend you might be missing out on some valuable opportunities and strategies that a finance advisor can offer. A finance advisor can help you plan for your short term and long-term goals, optimize the tax situation, diversify your portfolio, and avoid costly mistakes.A finance advisor can also provide you with objective and unbiased advice, especially when you are facing emotional or stressful situations.

[@RaphaelSafr]

The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation

[@LSBContractingLLC]

@@ZhannaDavidova
They can help you stay on track and avoid making an impulsive decisions that can harm your financial future.

[@BraddPaisley]

Maybe I ought to consult with an investment specialist. Do you have any suggestions?

[@terryo5672]

The power of leverage. I was always told that real money is made using the leverage of other people’s time or money. Regardless you need skills and experience first and you can only really get that under the employ of someone else. Question is how much capability do you need before going out alone. I set up my business after 30 years in work but initially it was just me, then a handful and now many. Growth follows an S curve and years are spent at the bottom of the S before growth starts.

[@wonky_pigeon8927]

Congratulations Mitch. Completely agree with you that at no point in my 14 years of education in the UK was I ever taught anything about the importance of managing finances.
Information you provide here is invaluable.

[@MitchShoesmith]

Thanks so much! Yes, hopefully I can do my bit as the education system certainly won’t!

[@kidoseven]

Great video, Shane! You made some excellent points. One thing I'd add is the inherent risk in becoming a creator. Unlike traditional jobs, there isn't a guaranteed income or job security. It requires a lot of self-motivation, discipline, and sometimes a long period of uncertainty before seeing success. The pressure to constantly produce engaging content can also be mentally taxing. However, the freedom and potential for personal and professional fulfillment can make it all worthwhile. Thanks for sharing your journey!

[@AurelianoBuono]

You can't be a millionaire without hard work, except you inherited. Even, more hard work is needed to stay afloat in this recessive economy. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank.
Now thinking of how to protect my $120K-worth stock portfolio from decline, but haven't figured best approach.

[@GregersNielsen-f7t]

Very difficult indeed, but when the going gets tough, the tough gets going. You have to learn and handle finances properly. you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows. Don't go for penny stocks.

[@JuusoVaisanen]

Opting for a brokerage Adviser is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 300% since 2020

[@AgathangeMarin]

I could really use the expertise of this advsors.

[@JuusoVaisanen]

@Loretta_Wilkinson that’s her TEL

[@JuusoVaisanen]

E

[@jimbojimbo6873]

If you’re worried about your teams status saying you’re away just set up a meeting invite and invite no one else - join the meeting and walla, always ‘in a call’

[@MitchShoesmith]

Haha damnn, I missed a trick there 😆

[@Snookbone]

I think you mean voila

[@Petersworld77]

Inspirational video Mitch. I’m sure many people watching will feel motivated this morning!

[@MitchShoesmith]

Appreciate that Peter - thanks so much!

[@at5771]

You have mastered the art of waffling, congratulations

[@MitchShoesmith]

@@at5771 thanks man

[@bailliemccarrison4673]

Congratulations Mate, being able to do this in your twenties is amazing. Being your own boss is definitely a luxury in life!

[@MitchShoesmith]

Thanks dude!

[@neiltraxler801]

Good luck Mitch. I did something similar years ago. I didn’t have the UA-cam alternative to fall back upon but I realised I learnt so much more by being out of the salary comfort zone. Keep the videos coming. 🎉

[@MitchShoesmith]

Thanks Neil! Great to hear you’ve made it work too 🙌🏼

[@steviebooth]

Well done Mitch. The world is yours to take. Keep enjoying your journey

[@MitchShoesmith]

Thanks Stevie 👊🏼

[@ChristosFellas]

Congratulations Mitch! Wishing you all the best and well deserved :)

[@MitchShoesmith]

Appreciate that mate. Thanks! Hope you’re doing well! 💪🏼

[@Andy-wp6lj]

Well done Mitch! Maybe just the reminder I needed to hear this week to get my arse in gear, as time freedom is so under rated.

[@MitchShoesmith]

Thanks Andy! Keep pushing on dude💪🏼

[@willlsmith8063]

Mitch I've been here since the start of your channel........delighted to watch your personal growth.........all the best

[@MitchShoesmith]

Thanks for the support Will, appreciate you sticking with me 👊🏼

[@hajnalkanandori2704]

Congratulations! Smart and brave move. Your video’s are so motivational and inspiring. Big fan 👏🏼🙏🏼

[@MitchShoesmith]

@@hajnalkanandori2704 appreciate that! Thanks so much!

[@kristenxmarie00]

I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.

[@arloc24]

bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class

[@jeffbox1torres]

look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying

[@DannielleRosales]

The key is diversification. Personally, I delegate my investing to an advisor, cos my job doesn't permit the time to perform market analysis myself. Thankfully, my once ago stagnant portfolio has now 5X in barely 4 years, summing up almost 7 figure as of today.

[@RissJesse-lm9fm]

Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

[@anggaerlangga-uo6wl]

This is interesting. I heard a lot about the same person not long ago, please how can I contact her?

[@Adrian_Adrian11]

Congrats!!! 🎉
Next chapter 👍🏼

[@MitchShoesmith]

Thanks Adrian!

[@AdventurousA]

@@MitchShoesmithanother congratulations from my other account (Adrian_Adrian11’s 2nd account). In a very short time you’ve come along way 👍🏼🎊🎉

[@Àdhamh_Fife]

Well done Mitch, wish you all the best as you move forward 👍

[@Mamz_Tsang]

Anyone have a choice, we are individual, why not to quit a job to explore what you want to do 😊

[@0casey963]

Well done Mitch, hope this works out well for you and should also benefit your followers too 😅 you're definitely right about schools failinging us when it comes to education on personal finance.

[@MitchShoesmith]

Thanks! Yes certainly looking to take everyone on the journey with me!

[@sanjayraja7639]

Great stuff. Great video and very inspirational. I work in banking myself so understand where you are coming from.

[@andrewwatson7379]

Great piece.....I've really enjoyed your very transparent and relevant content....well crafted, good cadence and informative....whilst being entertaining and informative
I wish you well and look forward to future videos

[@MitchShoesmith]

Thanks Andrew - appreciate the kind words!

[@BlaiseH-m7y]

Well done mate. Big and profound move. Wishing you the best with it.

[@MitchShoesmith]

Thanks so much!

[@susanlewis1953]

Brilliant video - go you 🎉🎉🎉 I look forward to your next phase of content. Good luck 😊 Sue

[@MitchShoesmith]

@@susanlewis1953 thanks so much Sue 😊

[@paulvilagos7008]

Mitch is Leveling Up and dragging us with him

[@MitchShoesmith]

Thanks Paul!! 👊🏼👊🏼

[@paulclarkson5850]

Congrats. Big moment.

[@MitchShoesmith]

Thanks Paul!

[@louiscook5921]

Congrats on becoming a full time UA-camr! Great video yet again

[@MitchShoesmith]

Thanks Louis!

[@maxmckenzie3207]

Congrats Mitch! Looking forward to your next upload man🤝🏻

[@MitchShoesmith]

Thanks Max 👊🏼

[@doddy66]

Love the channel Mitch! Well done on your progress. I'm investing monthly but with three children and other outgoings its hard. Im committed though and will continue to educate myself 👍

[@MitchShoesmith]

Thanks so much! Love that, family over everything, but keep working hard & commit to the education and you’ll get to where you want to be!

[@yassinezaidane1507]

A long time follower here Mitch. Excellent transition mate!

[@MitchShoesmith]

Appreciate it man! Thanks

[@craigsketo]

great video, always enjoy seeing your latest release, very inspiring 🙂

[@MitchShoesmith]

Appreciate that Craig - thanks mate!

[@tixero]

Out of curiosity Mitch, what were you earning per year from your banking job? All the best for your full time job in UA-cam!

[@TomsPersonalFinance]

Brilliant Mitch and very motivational 😊

[@MitchShoesmith]

Thanks Tom!

[@osamaali3210]

Good job Mitch. Inspirational and informative.
I got two things to enquire about:
How old were you when u started investing in stocks.
Would your financial status as of today be the same if you hadn't had that banking job ?

[@MitchShoesmith]

Thanks dude! Great question..
1. I started investing when I was 21 with the first pay packet from my banking job
2. Absolutely not, my job helped me a huge amount financially to get where I am today

[@alexfinanceuk]

Inspirational Mitch!

[@MitchShoesmith]

Thanks Alex!

[@cryptorichierich1597]

Good luck pal!

[@Crabfat809]

Great job Mitch. As someone who works for an investment bank I understand your rationale and also like to see someone escaping the rat race for a positive reason.

[@tomroberts3851]

Fair play to you Mitch!!

[@MitchShoesmith]

Thanks mate

[@aerial558]

I am 56 I wish Schools would teach money management it’s crazy and would stop that culture want it NOW, I wish you all the success for the future 👍

[@MitchShoesmith]

Completely agree. Thanks so much!

[@OneKeyRep]

keep up the good work ❤

[@MitchShoesmith]

@@OneKeyRep thanks!

[@daenerysstormborn9107]

Finding meaning/ purpose. Struggle so much with this. The pivot from banking to personal finance UA-cam makes sense. But what do you do if you are not interested in the sector you’re in right now 😅

[@MitchShoesmith]

Yeah it’s super hard if you’re not sure, or just not sure how you would monetise something. I’d always say start with something you enjoy or have an interest in. Like other I enjoy which I could monetise are F1, DIY, travel etc..

[@kierangent5444]

@@MitchShoesmith I’m loving the channel at the moment mate, and I’m sure your content is helping many viewers to keep on top of the complex world which is finances and investing as well as help slightly younger viewers like myself (16) learn for the future, so many thanks. As a fellow F1 fan (probably told by my pfp) if you wanted to monetise your interest in F1, what routes would you consider taking besides content creation? Just interested as I also often try to generate ideas for monetisation routes of my interests, in case I wish to pursue something similar in the future.

[@GenkiStarLeaf]

Considering how much we get taxed here in the UK, not a bad idea going the content creator route.

[@eg2422]

Legend of the game

[@UNKNOWN-1589]

Great video Mitch !! Would love to know, was you in investment banking ?

[@MitchShoesmith]

Thanks! No I wasn’t - did a few different roles, mainly in risk and supplier relationship management

[@ealing26]

My passion is travelling. I find it hard to keep a job for longer than a year. I envey youtubers who travel around the world. I am 47 . :(

[@ClarissaMonty]

I'm convinced that investing $50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard. I have around $200k in a HYSA and want to invest. What are the best opportunities now?

[@Marthas-r4c]

I believe investors should start with S&P 500/ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.

[@makeamericagreatagain-d8g]

The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.

[@martun-n1x]

This is all new to me, How do I find a suitable fiduciary advisor, can you recommend any?

[@makeamericagreatagain-d8g]

I've stuck with the popularly ‘’Melissa Elise Robinson” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@LeonDeniger]

Thank you for putting this out, it has rekindled the fire to my goal... was able to spot Melissa after inputting her full name on the web, she seems highly professional with over a decades of experience.

[@jacoslapbass691]

As someone who clearly understands a decent amount abouts economics and finance, what are your thoughts on mass immigration and its effect on the financial state of UK citizens? Do you believe having fewer people in the UK would drive wages up and house prices down? Do you believe that growing the population significantly over the last decade has improved the economic situation in the UK?
Many thanks

[@billB101]

Absolutely. Time, or more importantly the ability to be in control of your own time, is the greatest asset we have.
It's why so many people are miserable in the corporate trap rat race.

[@user-op8fg3ny3j]

I saw the thumbnail before the title and got worried for a moment 💀

[@MitchShoesmith]

@@user-op8fg3ny3j haha I won’t be going anywhere from UA-cam!

[@BVisa]

great vid - what was your salary when leaving?

[@Rampyuk]

46.9K followers now :-) haha!

[@Abdul_Rahman86]

Onwards and upwards!!!

[@rastaman39]

GameStop the best investment Eva Ryan Cohen the CEO is the GOAT

[@regtalkswealth]

I am looking forward to quitting my job 😆

[@MitchShoesmith]

Wish you all the best man! 💪🏼

[@xWiIIyGz]

What can be done about the bots in the comments?

[@MitchShoesmith]

Not a lot unless UA-cam clamps down on it, I’ve got word restrictions in my comments section to prevent it, and I delete as many as I can but it’s a continuous losing battle

[@jackharrison3132]

Respect

[@MitchShoesmith]

@@jackharrison3132 thanks Jack 👊🏼

[@Madmak121]

So daily vids now mitch?

[@MitchShoesmith]

I wish! 😆

[@davideyres955]

Why didn’t you max out your pension contribution from your banking salary? Pushing 20k per year into an isa as well and you’d be laughing.

[@MitchShoesmith]

I just did what I could reasonably afford at the time, now I’m self-employed though I’ll be doing my best to make big contributions to my SIPP as its corp tax deductible up to about £60k a year I believe - need to double check this with my accountant though!

[@mezzboms]

@@MitchShoesmith dont forget about previous years allowances aswell. Companies are probably restricted to the £60k per year (not 100% sure) but you personally could put into your SIPP in addition to the £60k if you havent used your allowance in previous years. Worth considering if the cash is there in the company. As always, check with you accountant!

[@EliasHoyek1]

What bank did you work at?

[@Sqntee]

Yaaaaars

[@Missenden]

How’s the portfolio now?

[@MitchShoesmith]

Hurting 😆

[@Missenden]

@@MitchShoesmith Damn. I'm sorry to hear that mate. .do you day trade?

[@MitchShoesmith]

@@Missenden no - just purely long term investing

[@Missenden]

@@MitchShoesmith I applaud your success for far mate. Keep going, I subscribed yesterday 😃

[@MitchShoesmith]

@@Missenden ah thanks so much !

[@OneAndOnlyMe]

No point having money only to end up time poor.

[@MrArnie82]

No way ur a running me 2

[@snoopys14]

You sound so corporate lol, relax chill out

[@MitchShoesmith]

lol do I, maybe that’ll slide now I’m not there any longer 😆

[@snoopys14]

@@MitchShoesmith sorry if I sounded rude great video

[@Divy1422]

Hey Mitch ! I loved this video . I work with entrepreneurs like you who have around 50k subscribers to help them to grow to 100k subscribers in under 6 months with Proven Strategies and systems . I actually helped Chirag to achieve 92k subscribers in under 11 months . Could I do a free audit to see if I can help you do the same ? I just think it's really important that more people see your content and want to help you on that mission

[@AnthonyJustice-i9x]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.