Chasing money never made sense, desiring less did. Thanks Damon

2 жыл бұрын

That's exactly what I did after watching this video!!! OMG... I went to my taobao account and canceled (wait let me count) 14 orders... i don't need all of that!

@xiaolingliu5665

2 жыл бұрын

@ lol bravo!!

@slidenapps

2 жыл бұрын

Believe Damon. he has a medical degree he has a biology degree and he has an economic business degree. Oh and he also has a psychology degree.

@thinkwhatsyourlife5908

2 жыл бұрын

@@slidenapps do u know where he studied and like how did he do it it seems expensive and like takes a long time?

@kxenia7852

2 жыл бұрын

@@slidenapps business and psychology yes , the other ones im not sure

I’m 55 years old, retired, and have an MBA from a top business school, and I can tell you that this video gives you all the information you need .

@slidenapps

2 жыл бұрын

Sad nobody knows that already and they listen to the crazy talking points from the political left but although I believe it's good that he says something it's a bit rambling and hard to follow and I also have an MBA Joe did this one time and hers made much more sense because she was more organized in her presentation

@samuelbrown8934

2 жыл бұрын

@@slidenapps for someone with adhd like me this is the perfect intro to personal finance because it keeps me interested and not bored

@TheNinjapancake14

2 жыл бұрын

This is an awesome confirmation!

the yassification of personal finance was exactly what I needed on this Monday afternoon

@drebugsita

Жыл бұрын

Couldn't have said it better!

@yamum

4 ай бұрын

a year later I’m watching this on a Monday afternoon too!

Money is hypothetical until spent.

@SiddharthS96

2 жыл бұрын

The French word for mortgage is hypothèque

@8AlisaInez

2 жыл бұрын

💚

@diamondcentury21

2 жыл бұрын

@@SiddharthS96 same in polish 😅

@laurawalsh3121

2 жыл бұрын

YES!! My parents always said never to invest and always keep it "safe" in the bank but like??? In 2008 nobody could get their money out anyways so??? Hardly safe???

@tenoki

2 жыл бұрын

@@laurawalsh3121 Keeping your money safe now a days means keeping it liquid. The easier it is to use and move around, the better chance that you have to survive an economic down turn and come out better than most on the other end.

I love that more millennials are having these discussions around money. The previous generations really tried to set us up for failure with their houses crisis, economic recessions, lack of livable wages, housing, and healthcare. BUT millennials we will continue to thrive. Love that creators are learning, growing and sharing their perspectives on money, side jobs and career.

@letsparchmentitupyo7566

2 жыл бұрын

yes!! + to add, i can see our generation moving towards employment & wage transparency. at work a while ago i once asked why someone the same age and experience as me was on a higher pay rate (a convo between me and him and we're both young), the immediate response was 'well youre not supposed to be talking about that'- it fosters an unhealthy environment and only encourages pay inequality. excited for the future of us not giving a fuck ! props to damon for educating us, so thankful

“Why don’t we just simplify the law so everyone can understand” the laws are not always black and white since nuance is how people/corporations win cases and set the standard for cases after that. This both can work for us and against us. But I get what you’re saying. The poor don’t have access to lawyers usually and therefore are extremely vulnerable.

spilling the TEA on monEY !!!! where was this vid 5 years ago :’))) you did this so so well

@cheninblanc

2 жыл бұрын

Jade and Damon😍I'm rooting for a friendship

@elenac2178

2 жыл бұрын

DAMON PLEASE DO A VID ON YOUR TAKE ON MINERVA UNIVERSITY -M26 ☺️

"Sometimes things you wanna do... don't make sense money wise" and that has been my motto so far 😂😂

You’re doing god’s work Damon - this video is EVERYTHING. Though I am a licensed CPA, I am in full agreement that the constant flux of rules and the associated jargon is such an unnecessary (yet very intentional) barrier. Love you ♥️♥️♥️♥️

1:01:10 credit card companies charge stores transaction fees when a customer uses their credit card. So even if you pay it off every month, you’re still making the credit card company money! That’s how you earn cash back and points. It also raises the prices of goods & services which negatively impact people who mostly only pay in cash because they’re not reaping the benefits of cash back/points. It’s all a game 😫

@Fortheloveoforthodoxing

2 жыл бұрын

Great points!

2:40 "You cannot go the bank right this second and withdraw all your money if you wanted to" Me having 500 euros in my bank account: I'm 10 steps ahead of you😎🥴

If I could like this a million times I would. 🙌looking forward to any further courses you may have on the Intricacies of a global citizen lifestyle or financial bestie advice because you drop gems I would pay for. Not to mention I also feel aligned in your mindset and delivery. Chefs kiss. 😗 On another note- I would love if you had a discord server or a Facebook chat because the community you are building around globally minded introspective people is exactly something I’ve been looking for and I’m here for it love.💜🥳

@damondominique

2 жыл бұрын

this community idea is really interesting. hmmmmmm

@benjiboy1245

2 жыл бұрын

@@damondominique it would be super dope, I see lots of people commenting on your red wine talks saying "mannnn, I wish i knew like minded people like this" and an online community could be just that for many of us.

@Theeeory

2 жыл бұрын

@@damondominique I could help by setting up a discord server anyone who’d want to help could and it would be self sufficient.

@xo-maria

2 жыл бұрын

@@Theeeory Commenting in case the discord is ever created (:

@baileyhall7434

2 жыл бұрын

Would love a community to get to know your other followers! You’re the only KZreadr I consistently watch! Here for all the best content always ❤️

I watch because you’re like a bestie who always keeps it real. I’m 30 and out here trying to get good at everything too. Cheers to the wisdom that comes with the years

@lagritsalammas

2 жыл бұрын

Very much in that same place. Turned thirty at the end of last year and suddenly everything's sorta coming together. Idk what cosmic forces hover over this particular age, but suddenly mental health, physical health, self worth, money, needs, desires - everything's just coming together in a nice clear pod, everything's making sense. So indeed cheers to the wisdom that comes with the years.

@Jamila91100

2 жыл бұрын

Cheers to 30 !! I am in love with this new knowledge and wisdom that I now have you couldn't pay me to go back to my 30s

@Akki-kz9jv

2 жыл бұрын

As someone who is turning 30 very soon and absolutely dreads it, all your comments are so reassuring. Thank you from the bottom of my heart!

@lagritsalammas

2 жыл бұрын

​@@Akki-kz9jvthere is nothing to be dreaded! The only thing that changes is the number! You, on the other hand, will keep on being that same person, just with 30 years of experience, which is definitely more than 22 or 27 or whatever. The 20s were great and fun and we got to figure out a lot of shit, but now in the 30s is the time we learn to fully love who we are, make time for ourselves, our interests, say "fck you" to the standards that don't suit us, and come to the utter point of comfort with ourselves. I don't think I've ever loved myself as much as I do now, and instead of confusion about life and where I'm headed, I'm finally feeling relaxed and with a clear mind, and a solid focus towards the future. It's gonna be a great time ahead!

I follow your channel because you live the life that I am working towards. I am not trying to be rich, but I am trying to be comfortable so that I and my family can do those things that we would like to do with minimal encumberment. I truly feel that the goal in life is to work enough to live, not live enough to work. Once you reach your definition of success, it make no more sense to chase money and keep making other people richer. Invest in yourself and your future.

I'm transitioning into self-employed, and there's so much to do, I never realised how overwhelming it could be. I literally am always thinking about my business, and how much I don't know. 😭 Getting my personal and business finances in order is scary but I am determined to understand; thank you for sharing your experience ✨

So much great ~not financial advice~ in this! Since your audience is mostly young people, I would just add that everyone should really do their research on both sides of the issue before investing in something unregulated like crypto. I totally agree about the potential of the underlying technology, but unfortunately the current landscape is much closer to investing in an MLM. A good rule of thumb: don't invest in crypto (or anything!) just because your favorite KZreadr, actor, or tech billionaire says it's a good idea. Stipulated, everyone can and should do whatever they want with their money, but be smart and keep your head on a swivel.

@tenoki

2 жыл бұрын

Straight FAQs!

THANK YOU FOR THIS

@TheNinjapancake14

2 жыл бұрын

Do you have a video on similar topics?

ok I haven't sat down to start watching yet because I know I need my journal to take NOTES but thank you in advance for making this boo!!!!!

@damondominique

2 жыл бұрын

And you got my number if you've got any questions!

Damon! You asked at the end why we follow you and I was thinking right before that (coincidentally) about how important channels like yours are to my sanity. Yes, your channel is entertaining and your personality keeps us coming back for more. Of course. Your channel is great in general. But in my opinion, it's so important that I watch videos of people traveling and following their dreams abroad in order to stay motivated, inspired, and frankly to feel less alone. I've done a lot of traveling in my life and agree with the sentiment that you can just be happy somewhere in the world on a $10 bus. Not everyone feels this way and it can be really hard to connect with people who share this mentality, especially depending on where you live. Any time I return to the States, I realize that I've gone from being surrounded by people who understand me to being surrounded by people who have given up trying to see things from my perspective at all (or who never bothered to even try in the first place). Watching videos like yours helps me remember that I'm not alone and that there are people out there with similar values. So, thank you for sharing your experiences with us. You're able to provide a bigger sense of community, which I would consider invaluable. Very grateful for your channel! P.S. After the past two years of staying home, I'm excited to be taking a month-long trip to Brussels and to start feeling like myself again. I feel out of place without travel, so again, thank you for helping to fill that void recently!

@zoemcleod5998

2 жыл бұрын

Yes so much to this!

@raiha1425

2 жыл бұрын

Yes yes me too! I have traveled the world but live in the midwest and it is SO weird coming back home because people here simply cannot relate to that nomadic mindset. I find that I can only truly connect with fellow travelers/ open-minded people but they can be hard to find around here..

@justanothervagabond

2 жыл бұрын

@@raiha1425 I relate ENTIRELY. I also am from the midwest. hahaha They don't make it easy for us to find like-minded individuals here 😆

@raiha1425

2 жыл бұрын

@@justanothervagabond right! We need a way to connect with all the travelers

The finance class everyone needs, can understand and doesn't put you to sleep at that. Mad props.

TRAVEL IS THE ONLY THING YOU BUY THAT MAKES YOU RICHER! Very best wishes!

you are such a TEACHER, a caring one. You explain things amazingly! Huge thanks for sharing the knowledge with everyone!

yes yes yes. this video resonates with me so hard. every single point you said hits the nail on the head, especially the last part about your philosophy on money. this is why i love your content!!

I was able to translate almost all of it to the Mexican tax system, thank you so much

will forever be my favorite KZreadr I can hear your speak for the rest of time

This is what we need, cheers to all of us getting good at everything this year

This was by far my favorite video you've put out - thank you so much for sharing! Wow... taking STRAIGHT UP NOTES!

Damon, I could watch anything you speak about. This is the most creative and thoughtful finance video and YES to being enriched as well as rich... to a well lived life.

my first time watching you - i LOVE your energy. the positivity is radiating. found this video very useful as well, you explained this shit well 💙

Although I already knew most of it you made that one hour video go by so quickly and smoothly - I love your humor and honesty. Keep smashing it Damon D!

ya’ll I’m 17 (high school obviously) and I did economics and accounting so we did learn abt taxes and how the government is involved in it but now I know the nitty gritties of it cus Damon really puts it into perspective in how it affects us normal people. The government seems shadier in retrospect, we were really out here not questioning the system 💀

@cesarsanchezgutierrez3064

Жыл бұрын

The education system is funded by the very same people, look into that as well lol. It really is us versus the system

Damonnnnnn. I still can't believe your videos are free, thank you for sharing the things you've learned. I appreciate it so much!

LOVE THE WAY YOU SAY IT!!! Straight up!

Hey Damon, this video was incredible. Thank you for taking the time to talk through all of these things slowly and surely. If you have the time and resources, I'm sure others as well as myself would love to see more videos related to finances and budgeting.

I have been watching your videos since D&J days & I am always so inspired after watching each video. Love it and you!!! See you down the road!!!!

I follow you Damon because you just give off best friend vibes that's always there to make sure to remind you that we're here for a good time and a long time 😍

This is just amazing Damon that you are still even more than 24 hours since the video was uploaded answer and like questions ♥️ that's much more beyond self employment!

This video is amazing! I completely relate to your relationship to money

YES to the sponsor! I could not have watched this at a better time! I was just talking to my husband about wanting to travel the world and learn another language - French to be exact! It makes me much more comfortable knowing YOU are teaching it!

the timing of thiis video is COSMIC!!!!! THANK YOU SO MUCH DD

this video was SO needed, thank you Damon!

i keep coming back to this video bc of how much I think about it. truly so profound

thank you for sharing your knowledge and taking the time to create a staple for the community!!

You’re amazing for making this video. Thank you for sharing this info!! 🔥🔥

Would love more videos like this about money and finance because you make it fun to learn things I’ve never wanted to learn before

UGHHHH DAMON I'M SICK OF YOU!! HOW DID YOU KNOW THIS WAS JUST THE KINDA CONTENT I WANTED FROM YOU!?!? THANKS BESTIE

My favorite financial class ever, thank you !

this video brought a tear to my eye. truly. i'm on this same financial wellness wave and i feel so grateful for all the things you broke down in this vid. from making videos about traveling on limited coin to THIS VID. *chef's kiss* thank youuuuu

Hi Damon thank you for making my weekend better by posting , post more please

I am definitely a devotee of yours and your channel. This vlog was a combination of high finance and speed dating. That’s why I saved it for future reference. Your distillation of tax codes, investments, retirement accounts with a dash of philosophy is invigorating. One of the best lectures I’ve heard in or out of school. Thank you. 👍🙏👏. BTW sipping on champagne 🍾🥂 was a nice touch🤪

Damonnnnnn, I mean come on you are serving us the info on a silver platter. Your content is always so informative, well produced, and suprising. Thank you so much for this video. Damon for the people!!

When I needed you the most, you delivered. I have been legit stressing myself out in my early 20s tryna figure this shit out 😭 whilst also switching careers for.... the 3rd time

Damon idk how you do this but it always seem like a casual chitchat but ends with me pondering my life choices so hard. You have literally changed my life yesterday with one sentence and now I’m here like oh wait I can’t even watch this all at once.

thank you so much for this! I absolutely love this

bravo (from a finance major who cannot stand finance), this video virtual gold. I also cannot wait for your French workshops to launch !

Ugh this video was genuinely soooooo helpful, but that “I’m getting good at everything” is what really did it for me

"Im getting good at everything in life." cheers to that :)

thank you so much for this video i can litterally feel your frustration with you

Damon I could hear you talk for hours. I really enjoyed your take on this topic.

omg thank you sm, this video is amazingggg Damon!!!

AN HOUR LONG AND ALL OF THIS FOR FREE, DAMN DAMON thank you for all the good content thank you!!!!!

Amazing job Damon!!! Explained so well 👏🏾

Back to this video 2 years later and happy that I understand more of it now!! Woo progress! Thanks damon ❤

I’m a long time subscriber and I’ve always loved your videos because I think you’re hilarious and your lifestyle and way of thinking is super inspirational but holy crap I appreciate this video so much!! I was very much born into (relative, California) poverty wherein there is no generational wealth that I know I can depend on (I.e., I’ve never lived in a house and both of my parental figures are honestly not the best with money). I’ve never had someone in my life who knew enough about money to help me get ahead either so it’s been really hard for me as I’m trying to become financially stable in hopes of eventually creating generational wealth for my future kids and grandkids etc.. that being said, I’ve tried watching the finance bros on KZread talk about all the stuff you were talking about in this video and it straight up goes right over my head. They never simplify the concepts and always use that finance jargon that really only makes sense to people who have some sort of grasp on the topic already. This video was super helpful while still being engaging and entertaining, and I learned so much from it! Thank you so so so much and I hope to see more content like this going forward, not just from you but from other creators as well.

Hey Damon, thanks a lot for making this video! I can imagine how much time and research must have gone into it but it'll be very valuable to many people! When I saw your video I got super excited because I'm also living in France and everything I read usually explains it for Americans and I was hoping you'd also give some specific tips for expats living in France. But this video is also a bit like that so I was wondering if you could do another video on France specific finance topics such as which platform is better, what are some other investment options here, how are we getting taxed on investments in France, etc. There is really not much content on this and I think it'd be super useful specifically for your audience. If you ever decide to make it, know that at least one of your followers is really looking forward to it!

This video is PURE GOLD. 🤯😶❤👌 Thank you so so much!!!!!!!!

You're amazing and thank you so much for this video!

I too, do not like to operate my life on a scarcity mindset and at the same time want to play this simulation rather than wasting time getting cynical about it. This video was both structured and all over the place and I love it. I feel like this is how my brain operates.

i literally start my first job next month, so this is soo helpful! i love the ethical options. i rly wanted to just disregard finance since its soo cringy and convoluted, but i cant avoid something that will affect me forever. also i am going to europe for the first time (just france) this upcoming week. u inspire me so much!!! thank u damon

I read " a finance masterclass" and was like nope not in the mood for that, two days later I read the full title and here I am halfway into the video and enjoying every bit of it ps: happy 420k subribers B-)

You bring me so much joy.

I have learnt more from this video about money than from my entire stint at the Big Fours and my university education.

Ah I needed this desperately in my life. Thank you so much

this is SO helpful. I'm self employed & feel you about the 7 accountants. I'm on my 4th and they all give different advice!

Loved the video! Thanks for breaking it down. I can’t wait until the Spanish course!

Yo, Damon - this was so clear and concise and easy to understand and now I'm ready to open a brokerage account and learn more about how to invest. Lowkey gave me confidence to get started because it's not from scratch. Really appreciate you taking the time to make this video.

this was super helpful and straight to the point ! thank youuuuuuu 😭

This approach was much needed thank you!! (I don't know if it was you admitting that none of it makes sense or the laughing that made me feel so comfortable.. probably just hearing it from you) Also cleaned out my entire closet and dresser while still taking the majority of this in, I am perplexed.

Damn this was an amazing video. And this is why I follow you Damon! No BS and I just love your creative mindset. You’re also unique- you don’t follow the trends or what’s popular. I also live vicariously thru your travels haha. My philosophy on money is that it comes and goes, so like you, I get we need it but I try not to be obsessed with it; it won’t follow us to the grave. You really have to figure out what you value in life, and for me that would be experiences. I’ve watched several financial vids and as an American, you’ve just taught me that the tax code is so arbitrary 🤦🏻‍♀️ as in everything in the US it seems… best to learn and stay ahead of what may come. Anyway, I’m not a huge risk taker and I’m lazy, so this is what I’d do: 1. Save for emergency fund 2. Invest in mutual fund or ETF 3. Retirement- get a Roth IRA 4. Get real estate- own some properties (own homes, stop paying rent) 5. Check out crypto currency 6. If you have small-moderate student loans, there is talk about Biden waiving 10k. Don’t know if that will happen but since loans are in deferment period, I’d not invest in paying back right away. If you have a huge sum to pay back, talk w the loan company about repayment plan and I believe they can make “affordable” monthly payments with you. But again, I’d do other things listed first than pay this back right away. If anyone has advice about crypto, lmk?! That’s a whole new world to me.

U did a good job w the stock market and made me understand more how the us fight over taxes all the time bcus those taxes sounds crazyyyy

Wow I needed this 5 years ago, BUT at least I do have this now :D thanks Damon!

Thank you, thank you, thank you! I was not raised with any info on finances and lord am I paying the price. Yes, there are others on YT who cover finances but this is the first relatable, informative, and even interesting video I've found on it. I am overdue for starting my own LLC, have never invested, etc and have now opened a window to look into Charles Schwab. Adding getting a CPA next...

i can't believe i'm understanding everything. thank u so much babez!

thank you for making this ❤️ it's so relieving to hear this from a fellow digital nomad whose tax residency is in California 😭😭😭😭😭😭 the pain with state taxes is 😵‍💫😵‍💫😵‍💫😵‍💫

this video was amazing in terms of its coverage how quick witted you are

This is hella informative, thanks so much Damon ! 😋

Love it! You are something truly amazing. Not many people nowadays have that creativeness and joy of life as you have. I surely see something in you and I would say that we are very similar in terms of creativity and knowledge (AND HUMOR). You are my favorite channel and I am soooo grateful for stumbling on your channel when i tried to learn french 8 months ago, your "How to learn french" video was grate btw, I love you soo much and would like to meet you someday, take care!🥰🌟

This was EXCELLENT! thank you Damon.

love u Damon

It’s not so much “gambling” if you invest in portfolios that have been diversified enough to lower the risk. Because when you combine high and low risk assets, in different market situations they balance each other out (Ex. S&P 500)

@Angie_suv

2 жыл бұрын

The problem is that the riskier the asset the higher the potential gain and the lower the risk the less you’ll gain. Still gambling imo

Good video. Great addressing the emotional side of money.

Omg SPANISH COURSES!!! I’ve been waiting!!!🤩🥰

if I had videos like these for my finance, micro, political science finals I would've killed honestly, you're so real for the "why not simplify and make it accessible?"

this is how my brain works, I am so happy to hear it repeated back to me by someone smart!

YESSS!! seriously, thank you! 😭

When finance people discuss “time in the market” and compounding interest the time horizon is greater than 10 years. It’s about ensuring you have enough money by retirement you need to look at it around 30 years. That’s when the compounding truly takes off and the amount of money you earn is significant. If you’re just looking at for the short term then yes it is not substantial The most valuable tool a young person has is time. Start investing now so that your retirement is secure.

Love you. Just-Love-You for your smart content.

1:05:02 'In a way you see yourself in me" We love a self-aware KING

thanks for this, Damon!! i really needed it ❤️

I have never sat down and watched an hour long video from a yt'r i've never watched before...and then subscribed. until now.