Youtube Video: What’s up with Huw?

I love Youtube Thumbnails – “Cheer up mate it might not happen!”

For some reason Blogger isn’t allowing me to upload my video to this post, but you can watch it here by following this link.

I’ve been pretty quiet on the social media front over the last few weeks. In this video I discuss what I’ve been up to during November, and what my plans are for December.
I’ve made a few minor changes to my goals this year and I wanted to share with you all what I’m planning to do and why. Yes, I know…… again!
I’ve shared my income numbers for November based on the month so far for Kindle Publishing and Reselling on Ebay – both of which are coming on as well as my face mane. 



  • weenie

    Reply Reply 26th November 2015

    Hey Huw
    I was about to drop you a text to make sure you were ok, so glad you've posted to say that you are alright!

    I can see why you would put something like your blog change on the backburner – you have too much juggling to do and the things that actually make you money should take priority, eg your writing, selling on ebay etc.

    Interesting about what's happened with your budgeting though – I guess it's not something you could have foreseen, although now that you mention it, it seems quite obvious, ie budgeting with a full time job vs budgeting without a full time job. That's two different books, isn't it? 🙂

    Great work on the Kindle Publishing and hope you get a lot of sales! "Huw Can Do It"! 😀

  • M from There's Value

    Reply Reply 26th November 2015

    I was starting to wonder if you were okay, good to know you've been absent purely because you're busy cracking on with your (albeit slightly changed) goals.

    Sounds like the income goals are going according to plan, and sensible to push the other stuff back for prioritisation reasons – but at least they are in a state where you can readily take action on them at the right time, you've laid a foundation already.

    Fingers crossed, November and December will be cracking months on kindle!


  • Emma Plays with Fire

    Reply Reply 26th November 2015

    Great to hear from you Huw, looking forward to the Fire Escape in the Midlands.

    I agree with Weenie that a change in your budget might be too budgeting systems that are 'right' for different stages (regular payday vs generating income). My system has changed multiple times and sometimes I'd go back and change (if I could), but mostly it was right for me at the time. (I spent a year spending only in £5 notes because that represented an hours work and everything was judged against whether it was worth working for another hour – that would be crazy for me today, (no airmiles!), but was perfect at the time). If your old system was right for you at the time then it is probably something that other people would benefit from learning about.

    It sounds like you're loads more energised towards the new goals so I bet you'll see results before the end of the year!

  • Huw Davies

    Reply Reply 26th November 2015

    Hey Weenie,

    Thanks for the concern, but I have to say…. I'm great!

    Yeah, I would love to spend some time on the Blog, and I'm looking froward to sorting it all out, but I can't justify spending the time on it right now.

    I do love my budgeting! I haven't changed it due to the job change as such. More for what I want to do with my money. For example, I'm going to be putting money aside each month for Education, Giving, a Long term spending account, as well as turning my spending account into a % rather than a capped limit.

    Thanks for the support as ever. I really appreciate it.

    I hope all is well with you. I'll pop over to your Blog this weekend, and check what you've been up to!


  • Huw Davies

    Reply Reply 26th November 2015

    Hey M,

    Ha ha. Yes, I'm not dead… just busy. 🙂

    Income is ticking along nicely. I made another £64 on ebay today (after fees & postage), and my kindle is continuing to rock. I'm not going to be far off my goal for November, but I'm confident I'll surpass it in December.

    Thanks for the support and encouragement. I know I'm doing the right thing and on the right track. Next year is going to be a huge year for me!

    I hope all is well with you M. I'll catch up on your Blog this weekend and see what you've been up to.

    Take care!

  • Huw Davies

    Reply Reply 26th November 2015

    Hi Emma!

    Yes, me too. I get very energised by the gatherings, and it'll be great to see everyone again.

    I love formulating a budget. Similarly to a good meal plan, you set it up and then let it do the work for you. I don;t need to think about where my money is going it's all on auto pilot. I've decided to invest more money into myself, as we are all our biggest asset in life. Therefore, I'll be putting more money into Education, long term spending money, and even spending money – Frugal Gasp!

    You're so right with an ever changing budget. Like everything else in life – workouts, learning, socialising, we need to adapt to out new circumstances and needs. I think the £5 note idea is a good way to think and a great way to link spending to hours worked.

    I'm excited about Decembers earnings. I'm confident that I'll be able to earn more than my average wage at PGL, and for me that will represent a huge landmark, and prove that the move was worth doing.

    Thanks for the encouragement and support!

    Speak soon

  • M from There's Value

    Reply Reply 28th November 2015

    I like the % based budgeting – this is what we've been doing it for quite a long time. It works pretty well when your income is variable too, although you might need to have a one month buffer i.e. live off last month's income. I wrote about it in my post about Li Ka-Shing and how to divide your income. We will be changing our system again for new year, still based on his system, but we split our income into 6 types of outgoings instead of 5 to include the 'giving' category which we've always done. I'm really looking forward to seeing how this new method works out. It feels simple and logical and will hopefully allow us to spend where we want and need, whilst also apportioning money to the other priorities in our life.

    Would love to hear more about your new % based budgeting i.e. how much to each category and how many categories do you have… maybe it deserves a blog post all of its own?!


  • Huw Davies

    Reply Reply 30th November 2015

    Thanks for the link M. I'm very intrigued by budgeting at the moment and it made for an interesting read.

    I can see why you like % saving. I prefer the budget already.

    When I'm paid a wage (from Kindle income) I put £605 into a separate account – for Essential living costs. Note – I've been able to reduce this figure due to cross overs in the latter categories.

    Once the fundamental living costs have been taken care of, I split the remaining amount (whatever it is) in the following way:

    65% – Investments – Split between reinvesting in Kindle, and then Shares
    10% – Education – Course, books, coaching
    10% – Long term spending money – Big purchases like a new car
    10% – Spending – On whatever the hell I want – Drugs, hookers and booze money
    5% – Giving – charity, gifts

    Any further income I receive from reselling on Ebay and Amazon, Topcashback, or P2P lending I split in the following way:

    22.5% – Investments – Split between reinvesting in Kindle, and then Shares
    22.5% – Education – Course, books, coaching
    22.5% – Long term spending money – Big purchases like a new car
    22.5% – Spending – On whatever the hell I want – Drugs, hookers and booze money
    10% – Giving – charity, gifts

    I'm going to try it for a few months and see how I get on…..

  • M from There's Value

    Reply Reply 12th December 2015

    that's a really interesting way of doing it. pretty similar to ours I guess. Our essential living costs are pretty high, although I kind of include pension contributions as part of that, so really my figure is a bit lower.

    do let us know how you get on. I like our system so far, even though we've modified it over the years, it generally works quite well.

  • Huw Davies

    Reply Reply 12th December 2015

    I will keep you posted M for sure. I plan on taking a flexible approach with it too. Try it out, see how it fits and modify if needed.

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