Ken and Mary of The Humble Penny have made it their mission to help at least 10,000 people achieve financial independence by the year 2030. Having achieved this milestone themselves at the young age of 34, they now use their experience and expertise to guide others towards financial freedom, enabling them to lead more fulfilling lives and contribute generously to others. In this article, we will explore some practical tips shared by Ken and Mary, inspired by one of their community members who saved up 100,000 towards her financial independence journey. Saving up a considerable amount of money is no small feat, but as the scripture goes, "As iron sharpens iron, so one person sharpens another" (Proverbs 27:17). This highlights the importance of learning from those who have achieved what we aspire to do. The journey to financial independence may be long - in this case, taking 15 years - but it's the multiple baby steps that will eventually lead to success.

"As iron sharpens iron, so one person sharpens another" (Proverbs 27:17)

Here are some tips shared by Ken and Mary: 1. Decluttering: Regularly sort out your belongings by category to avoid buying things you already own and save money. 2. Minimalism: Consider living with less and valuing experiences over material things. 3. Make do and mend: Instead of replacing broken items, try to repair them or find someone who can help you fix them. 4. Buy secondhand clothing: Search for secondhand items before purchasing something new to save money. 5. Know your numbers: Be aware of your income and what you earn per hour; this will help you rethink your expenses from the perspective of the time it took you to earn that money. 6. Mortgage overpayments: If possible, make overpayments on your mortgage to reduce the amount of interest you pay and become mortgage-free faster. 7. Max out savings accounts: Keep emergency funds available for liquidity but make sensible decisions, such as keeping funds in a high-interest current or savings account. 8. Travel hacking: Use a credit card to collect points for expenses, but make sure to clear the balance every month without fail. 9. Cutting expenses and budgeting: Shop in low-waste shops, get organic fruit and vegetables delivered, and reduce impulse purchases. 10. Side hustle: Starting a side hustle is a great way to earn extra money; reinvest all earnings back into boosting your retirement savings if possible. 11. Take back control of your pensions and savings: Understand the fees charged by financial advisors to avoid overpaying. Listen to the full audio here: [audio mp3="https://premiergospel.org.uk/wp-content/uploads/2023/05/PG-Feature-GB-Money-Matters-May-2nd-2023.mp3"][/audio] As with all things related to money, Ken and Mary advise staying positive, practical, and prayerful. By following these tips and learning from others who have successfully achieved financial independence, you too can work towards a financially secure future. To learn more about Ken and Mary's journey visit their blog at thehumblepenny.com.