The video provides a transparent and relatable breakdown of how the creator achieved significant financial growth as a student. By sharing specific strategies like working part-time, selling items, investing, and utilizing bank switching bonuses, the content offers actionable advice that resonates with a young audience interested in personal finance. The creator's emphasis on their journey being 'pretty normal' makes the advice feel accessible and achievable, encouraging viewers to replicate similar strategies.
Summary
The creator shares their journey of increasing their savings from £5,000 to £28,000 in three years while being a student. They achieved this through a combination of working part-time, selling items online, investing in ISAs and stocks, and taking advantage of bank switching bonuses and referral programs. They emphasize that their methods are achievable for anyone willing to be resourceful and make smart financial decisions.
Structure
1Introduction: Transition from £5k to £28k as a student.
2Initial savings and financial security goal.
3Building net worth through savings and investments.
4Normalizing the journey and encouraging viewers.
5Detailing income streams: part-time job, selling items, ISA contributions, and government bonuses.
6Explaining the role of a Lifetime ISA and Stocks and Shares ISA.
7
Original caption
Full transparency: my journey from £5k in savings to £28k as a student with a minimum wage job, a couple of side-hustles and a drive to achieve financial freedom in my 20s 📈📚✨ * #StudentFinance * #YoungAdults * #MoneyTok * #PersonalFinance * #WealthBuilding
More from @hollydoes20s
Their other posts in the index, biggest breakout first.
Highlighting bank switching bonuses and referral programs as an additional income source.
8Concluding with motivation and transparency about financial growth.
Product placement
The creator mentions using the platform Hargreaves Lansdown for their Lifetime ISA and Stocks and Shares ISA. They also mention using trading 212 for their Stocks and Shares ISA and that there are no fees associated with it, with a link in their bio for a free share. Additionally, they discuss taking advantage of bank switching bonuses and referral programs from various banks like Lloyds and Chase Bank.
Call to action
And of course, if you want to follow for more personal finance, money mindset and even investing content, then join my community.
On-screen text
HOW I WENT FROM HAVING
£5000 to £28,000
in my first 3 years of uni
(Full transparency breakdown + motivation
because my journey is actually pretty normal)
Hold for x2 speed
Lifetime ISA:
Government backed tax free savings
account, where you can
save up to £4k a year towards a house
deposit, and get a 25% bonus too.
Mine is also invested
(I use the platform Hargreaves Lansdown)
Stocks and shares ISA:
Account where you can invest tax free.
You can add up to £20,000 a year.
I use trading 212 bc I love it and there are no
fees (link in bio if you want a free share)
Check out Blackbullion, Santander Academy
and your university faculty/student futures
teams for scholarship opportunities.
Transcript
HOW I WENT FROM HAVING £5000 to £28,000 in my first 3 years of uni (Full transparency breakdown + motivation because my journey is actually pretty normal) I had 5k in savings. I'd worked a gap year, I'd worked a bit at home to be able to have a little nest of money to sit on while I went to uni so I could be a bit more financially secure. However, in the last three years being a student, I've been able to build 28k in net worth between savings and investments. And to be honest with you, it still doesn't feel real, but it is. And my circumstances are not exceptional in any way. I'm actually very normal and I want to share where that money has actually come from to inspire more people that it is very possible to actually get financially ahead in your early 20s, even if you're a student and you haven't started your big girl job yet. Like I said, I started uni with 5k. I'd worked at my local bar for a year and I continue to go back to that job whenever. It was summer, for a couple weeks of Christmas, 3 weeks of Easter. Between time time I was able to make 6 to 7k cause I couldn't save from my second year of uni I was self-sufficient so I wasn't receiving any money from my parents and I did take out a maintenance loan, but it actually didn't even cover my rent. And my third year was a year abroad. So I had to cover visa costs, flight costs, and of course it was a unique experience so I did want to put a bit more money into it. So another thing I did to increase my income was I sold a lot of stuff on Vinted. I've made nearly £3,000 in there now and that really did keep me afloat as a student. I also did win a scholarship. At this point, it was end of my second year so I actually had already built 10k in investments. So as much as it has like, been amazing for my journey, I still was able to build it without winning. The scholarship was worth £4,000. So it really did boost me. But like I said before, I got that I was still on a really good track and was surprising myself so much for my personal finances. So the money in the first two years predominantly came from a mixture of selling or vintage, working at bar, job, but also returns to my investments and a government bonus from my lifetime ISA. Mine is also invested (I use the platform Hargreaves Lansdown) ISA. I did that for two years. I managed to put away £4,000 and I got £2,000 backwards to go from the government. And that's also invested, so that's also returned, I think, about £3,000. And then separate from that, I have my stocks and shares ISA, which is why I'm trying to build wealth for the rest of my life. And that has also returned over £2,000. And the last thing I did to be able to make so much money as a student was doing a load of bank switches and referrals. I can make a whole video in detail about this if you guys want that. Always on. There's always these offers on if you just type up bank switches. Banks are offering you 100 to 200 pounds just to switch to them. It's not, it's not illegal, it's not illegal, you can technically have as many bank accounts as you want. It doesn't impact your credit but maybe temporarily. And I've also made a video but yeah, I was able to make over £2,000 from the bank switches, opening student bank accounts and then on my year abroad I did loads of like, so refer someone to Lloyds and get £50, refer someone to Chase Bank and get £50. And I would go and read, I'd search for them, find loads of these offers and they add up so fast. I was able to make a few hundred every month from my phone on my year abroad, which was amazing. And I think anyone can do this, you just have to be a bit resourceful. So I have to make the big decisions as well. I kept the lines of connections open with my bar job, which enabled me to go back no. I didn't have to spend two weeks looking for another which was really great. And I've now also applied for a job for my final year of uni with my university, which I've secured. That will be able to make me an extra £400 a month while I'm at uni. So I definitely think that my journey isn't exceptional. I did win that scholarship and that is also something you guys can look for and apply to. I would say that is the only thing that sets me apart from normal. And although it did have really good impact on my, like I said, I was on a good role anyway. I just think it's so, so I hope this motivates you and is also just super transparent about where all my money is come from and how I've been able to build this world while still being. And of course, if you want to follow for more personal finance, money mindset and even investing content, then join my community.
