Thankyou for everything. [pzu0lA1MQL4]

Hello, welcome back to a new video. So I

have some really great news and a big

announcement to make. I finally finished

paying off all of the tax I owe. I can now

proudly and happily click onto my tax

account, sign in, and no longer have to

see you owe £15 bazillion or whatever

it was. It now says you owe no tax,

and it just, it feels so great not having

that pressure weighing down on my

shoulders anymore that I have to pay this

massive amount of money because I figured

out a way to finally get it all paid off.

And first of all, I just want to say a

massive thank you to all of my amazing

viewers who basically— thanks to you, I

was able to pay off the tax. Thanks to

everyone who donated Super Chats or

donated during my live streams, watched my

live streams, watched my videos, watched

the ads— that all helped create revenue

for me so I could finally pay off this

massive tax bill. So yeah, I really

couldn't have paid off the tax bill if you

guys weren't still watching my Thankfully,

there's still a couple thousand of you

guys still here watching my stuff, which

is great. I know we lost a lot of viewers,

we lost a lot of people, and I guess

that's kind of my fault for being so

boring, maybe. Or maybe it's YouTube's

fault for having a stupid algorithm that

doesn't show my subs my new videos

anymore. But it seems like that's just how

YouTube channels go these days. They grow,

they have like a boom period, and then

they have a bust period, and then it just

kind of flatlines. Into nothingness. I

also need to thank my mum because she let

me borrow £7,000 to pay off half the tax,

and I am paying her back £500 every month.

I've currently paid her back £1,000. I'll

pay her back another £500 this month, and

then for every month until I finally pay

off the total amount. So the total amount

of tax I ended up having to pay was

roughly £14,700, which is

like $19,000, which is a huge amount of

money for me. I only had about

£18,000 or £19,000 in total. So after

paying £14,000, I've only got like £5,000.

It was kind of confusing because I haven't

actually lost £7,000 to the tax yet

because my mum paid for it and I'm just

paying back my mum bit by bit. But in

total, I've only got about £8,000 left out

of a total of £18,000. So it's not like

I'm completely broke. I'm not penniless.

I still have £8,000 left, which is going

to help me pay for my upcoming trip to

Japan. And then when I get back home to

the UK in June, I'll have to really hunker

down, stop with all the spending, and

start trying to save every penny and every

dollar I make off of YouTube to pay back

my mum and also, you know, try and build—

rebuild my savings back up to what it once

was. I really want to have a goal of

rebuilding my entire savings and net worth

back up to £20K, but I think it's just

going to be really hard Now I don't want

to jinx things and start celebrating when

it's too early, but it seems like they

haven't given me any kind of penalties on

top of the tax I owed. I had to pay

interest for late payments, and I think

the interest was like thousands of pounds

on top of the amount of tax I was supposed

to pay. But it doesn't seem like they've

slapped me with a 50% or 70% penalty for

incorrectly stating my income. And I

think, or I feel like if they were going

to give me a penalty, they would have

included the penalty amount with the

amount of tax I owed. I already paid off

all the tax. My tax account says I don't

have to pay anything more. And they also

said I had to pay £1,400 in advance for

this year going into 2020. I mean, 2023

going into 2024. I had to pay in advance

based on my earnings from the previous

year. But there's a button that says I

want to reduce the amount of tax I'm going

to pay, and I just set that to zero

because I don't have to pay any tax for

2023 and 2024 because number one, I've

been living in Thailand the entire time,

and number two, I haven't even made enough

money to be taxed. I make such little

money now, I make like under £12,500,

which is the tax-free allowance. So I

didn't make above the taxable tax-free

allowance, so there's nothing for them to

tax. So I don't have to pay anything for

this year. Also, they incorrectly taxed me

for 2019, and I'm still in contact with

the tax officer that's dealing with me,

and they came to the conclusion that I was

not tax resident in 2019 because I was

living in Japan. But they went on New

Year's and Christmas holiday, and I

haven't heard back from them yet, so I

might have to wait a few more weeks. But I

think they have to give me back my £1,500

in credits. So I'm waiting for the £1,500

that I incorrectly was made to pay for

2019. But then I'm not sure if I can then

withdraw that £1,500 into real money or

if that's just going to stay on my tax

account as credits to be used to pay for

future tax. I don't want to keep it on my

tax account because I don't think I'm ever

going to have to pay tax again because

number one, my channel is completely dead.

I get like 2K views, 4K views. The channel

only makes about £800 a month now. I'm

never going to make that huge amount of

money that I used to make back when I was

getting 20-30k views every video. Let's

face it, I'm never gonna make like 20k,

30k a year ever again because I just don't

know how to be a good YouTuber, I guess.

So unless my channel blows up and goes

viral again, which is extremely unlikely,

I really don't have anything to worry

about in terms of having to pay a huge

amount of tax again because I've made so

much money. I think I'm just gonna be

happy with only making about $10K a year

and then trying to find a way to make that

work with my lifestyle and just, you know,

try and bumble along with only 2 to 4K

views a video. Maybe here and there I'll

get lucky and get like a 10K, 20K smash

hit, and that'll help boost my finances a

little bit. But I'm not really betting on

that happening. Yeah, it was a really

stressful year last year when I first

found out. I think I got a message from my

mum or my sister saying that I got a

letter about tax. I think this was back in

July last year, and it really freaked me

out. It was probably the most stressful

thing and experience I've ever had to go

through. I felt quite happy, you know,

having like £18K in my savings,

in my stock accounts, and I thought,

yeah, I want to build my net worth and try

to invest and learn how to invest and try

and grow my money. And then I ended up

losing nearly 70% of all my money, which

was not easy money to come by. I only

managed to get that money because my

YouTube channel was getting a lot of views

at the time, and now I don't know how to

replicate that or recreate that situation

and make that money back again. I don't

know how to make large amounts of money

anymore, and I, I have no ideas, like no

genius ideas of how to make some internet

money quickly. So I'm kind of stuck right

now with this low amount of income that

I'm making. I don't really know how to

make more. I really had to spend a lot of

time figuring out how to get the money,

where to get the money from, what stocks

to sell. I had to sell all of my copy

trade portfolio, which was worth about

£3,000. I had to sell out all of the

stocks in one of my accounts, which was

worth like £5,000. And then I had to sell

a bunch of stocks in my main portfolio,

which was worth a couple thousand pounds.

And I had to figure out which stocks to

sell at a loss or which stocks to sell

when they've hit my, my profit take profit

target zones. And it took many months to

finally figure out which stocks would be a

good idea to sell and which ones should I

keep and what tech to sell to create some

extra cash to pay for my rent and food

here in Thailand. And it was very

stressful trying to figure out where to

get this money from. Also, I have some

other news. I applied for a credit card

which is in the post right now. It's going

to be arriving here soon, I think within a

week. And I managed to somehow get a

£6,000 credit limit, which means I can

spend up to £6,000 on the credit card and

I've got 0% interest rate for the first 15

months. So yeah, in case I desperately

need some extra money, like a boost in

income, then yeah, I can use the credit

card and I have a £6,000 safety net that I

can use with my credit card now in case,

you know, I need to emergency book a

flight home or emergency book a hotel or

buy something I really need. I don't

really foresee huge amounts of purchasing

and spending coming up this year. I've

already basically finished booking and

paying for my trip to Japan. I finished

buying the flight tickets. I bought my

flight ticket back home in June. I booked

some hotels. I've got a place to stay. So

that's all paid and sorted out. So there's

not really going to be any surprise big

things I need to buy or spend money on.

So I think for the rest of this year, I

don't want to jinx it, but I'm going to

say as like a, like a prediction, I'm

going to say that for the rest of this

year, I don't really foresee any more

surprise big massive spending and I'm

going to try and rebuild my savings. I was

really depressed and miserable for a lot

of last year after July. Just because it

took a very long time to come to the— it

took a very long time to accept the fact

that I'm just going to have to say goodbye

to like 70% of my entire savings. But I

guess that's just life. Sometimes bad

things happen. It sucks. You have to let

go and say goodbye to the things that were

very important to you and just move on.

Look for something else in the future to

get excited about or work towards. And

things like that just happen over and over

again. It's just life kind of sucks

sometimes, doesn't it? So I think we can

finally put an end to the whole tax saga.

It's all paid off. I don't owe anything

more. I don't really think I'm gonna owe

anything else unless they have some kind

of nasty surprise waiting for me in the

form of a 50% penalty. Then that'll just

wipe out everything I've got left, and

that would be really bad. And then I'd be

screwed and would actually have to use my

credit card and then go into massive

credit debt, which would be fun. So yeah,

once again, thanks so much for watching my

videos and continuing to support the

channel. I wouldn't have been able to get

out of this situation if everyone had just

left the channel. And I guess it's like

the saying goes, when it comes to money,

easy come, easy go.