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@cspeirs1

Ай бұрын

Brilliant! Loved this, thanks Damien

@cleric7788

Ай бұрын

Off topic but what t shirt are you wearing?

@DamienTalksMoney

Ай бұрын

@@cleric7788 it is just a t shirt from Zara

@kurtismunden7023

Ай бұрын

@@DamienTalksMoneywhat’s your opinion on cash value life insurance for long term use and potentially long term wealth ?

@incurza9647

Ай бұрын

Hi Damien, I'm interested in your cheat sheet and the spreadsheet from this video but the link in your previous video appears to have broken?

My parents told me to start contributing when I became an apprentice at 18 years old. It might’ve been the single best piece of advice I was ever given and I’ll be forever grateful

@connorwilloughby1696

Ай бұрын

Mine was from a senior colleague, he suggested I over contribute a few percent at 17. Now at 25 I'm incredibly grateful.

@jack_walt

Ай бұрын

@@connorwilloughby1696 that’s awesome. I’m 23 now and even just those first 5 years of contributing has given me pot size more than double the average 25-34 age group in this video. Wish you all the best for the future

@jack_walt

Ай бұрын

@@connorwilloughby1696 that’s awesome. I’m 23 now and even just 5 years of contributing has given me a pot size more than double the average 25-34 age group in this video. Wish you all the best for the future!

@anonb0

Ай бұрын

Also started as an apprentice at 17

@DamienTalksMoney

Ай бұрын

Well done for listening!!

51yo, 10k in work pension, just opened a sipp. Never to late, the saying' best time to plant a tree was 30 years ago, the next best time is now!' Thanks to you, and a couple others on you tube, my financial understanding has become, over the past couple of years, more than I've ever had!

@DamienTalksMoney

Ай бұрын

Lovely positive attitude and you have loads of time to get a really decent pot together!

@TheNicoliyah

Ай бұрын

I’m in a similar position have had my SIPP for a few years (not a lot in it lol) have just opened my first stocks & shares ISA so that I can use it for dividend investing

I don’t say this lightly as you’ve done some brilliant videos, but this is the best you’ve ever done. The narrative arc, the entertainment value and pollock jokes, and the underlying financial message all brilliant.

@DamienTalksMoney

Ай бұрын

Thank you so much! I’m just glad my ramblings about artists made sense 😂

@jessperry1703

Ай бұрын

@@DamienTalksMoney it was all worth it for your final sentence

@joshuakentolp7152

Ай бұрын

@@DamienTalksMoney wholeheartedly agree with the above comment, really well researched, structured and entertaining video

@MM-ev1fg

Ай бұрын

Agreed. I’ve shared this with many people.

The time to travel & experience life is when you are young. I spent all my money in my 20s & 30s hiking up above the clouds in the Alps & down into the Grand Canyon & clubbing in Berlin, Paris, Amsterdam, New York, San Francisco when I could do so. I bought a condo in my late 40s & started saving in my mid 50s. Everyone says I haven't enough saved, but really I do. No grand plans in retirement. I plan to travel the world in my own Chicagoland backyard & sleep in my own bed at night. No regrets. Live life when you are young. Save later & plan a modest retirement with your memories.

I love this guy! Always makes you feel better about life. I had nothing and no hope at 34, at 44 I've started a business, got. House and paid off the house, and saved a decent amount. 10 years can make a huge difference.

@DamienTalksMoney

Ай бұрын

Love this! Just shows that a decade is so much time if you put your mind to it

@orangesnowflake3769

Ай бұрын

Thanks for posting this

@user-xn2tz2dz8c

Ай бұрын

I agree.

@Rayraysplums

Ай бұрын

Luck must have been on your side well done.

@padanfain7466

Ай бұрын

@@Rayraysplums What I can tell you with confidence, is that luck had nothing to do with it. I had a mental breakdown due to addiction and work stress, and had to make some serious changes to my life. I started a business at home due to the severe anxiety that came with it. Lucky me!

This has to be one of the best financial KZread channels around !

@DamienTalksMoney

Ай бұрын

Thank you James 😊

@paulgal

Ай бұрын

No it is the best by far .

@christines5430

Ай бұрын

I second that❤

@barnoluk9272

Ай бұрын

Comfortably

As a soon to be 55 year old, this was a very welcome shot of positivity. Thanks Damien 😁

My thoughts exactly. My father worked until 81 because he loved his work. I think we need to change the narrative on retirement and work. If you can work and you enjoy it, why shouldn't you ? Most people cannot swan off into the sunset, cruising and expensive holidays but instead can find other joys in life. We all want to feel safe and secure and managing your money does that. Giving (in any form) adds to a feeling of security because this signifies abundance. Either of time or money. There are so many ways to feel more secure instead of fear driven. Thank you for this video. It raises so much on how perception is vital.

Never too late. 51 here and making a start - if anything just to mitigate the lost opportunities so far. If I had known the real value of compounding (for example) 30 years back, life would be so much different. Yet more reasons to include basic financial literacy (how to understand projections, yield calculations, gilts/bonds/ETF etc. and how to compare options) in school curricula.

@shellyperera2010

Ай бұрын

Completely agree. It's a scandal that this is not taught in schools. Access to free/affordable pension and investment advice should also be available when people first start work. We had a pension talk at work and it was obvious that the vast majority of people had very little knowledge about the subject. Most were in the default fund which had lost money this past year when global stocks have seen excellent returns. They didn't know you could switch out and the platform has an excellent range of cheap global trackers. We have a pensions time bomb coming down the road now DB is no longer. How people are going to manage their pots in retirement I have no idea if they don't know about appropriate asset allocation, sequence of returns risk etc. etc.

@stickleback73

Ай бұрын

100% agree!! Also 51 and sad this stuff wasn't taught to me and my parents didn't provide basic advice either. I have been educating my youngsters and when they start their first jobs I'll get them to sit with a financial advisor and encourage this throughout their working lives. Great channel and content!

@BIG2hats

Ай бұрын

They don’t want it to be taught at schools, the economy is built on spenders, not savers! In fact, the UK had one of the lowest rates of citizens investing in the developed world. We have failed.

@mircea_h

Ай бұрын

i dont think it was always as easy as today to invest also maybe there were better economic times so people would not feel pressured to invest also if you bought your house that's also an investment its not all black and white

@tonyhickq

24 күн бұрын

​@@stickleback73better do your finances by yourself. A financial adviser will always advise you to his/her own best interest. It was never as easy as today to invest, all the info is free available on the net.

You're never too old to start saving for retirement. It's best to start early, but starting ever is better than never.

For those in their 40s, don’t despair. I’m 55 with $380k in retirement saved. 10 years ago I had $130k in my retirement account. You can give your retirement savings a boost in your late 40s and 50s. Don’t wait. Do it today! :)

"We all make mistakes, have struggles, and even regret things in our past. But you are not your mistakes, you are not your struggles, and you are here NOW with the power to shape your day and your future." - Steve Maraboli Thanks to you pal, we're all here taking back our power and making meaningful changes for a better future. Better late than never, hey! Appreciate you mate.

@DamienTalksMoney

Ай бұрын

Appreciate you to mate.

This is largely what I have done simply due to life and kids. I paid into pensions in my 20s and not again seriously until my mid 40s. Now 2 months away from 55 with enough to retire if I wanted to. Great points made 👍🏻

I like that you don’t follow the crowd . Your content is honest & nothing like I’ve seen elsewhere.

Mood-hoover, you learn new things on this channel every time….

@DamienTalksMoney

Ай бұрын

🤣

@1anre

Ай бұрын

Is that the nickname for those rubbish blogs?

I don’t think there’s any other channel out here combining informed, realistic and honest financial advice with entertainment so well. Such a great video mate!

@DamienTalksMoney

Ай бұрын

Thank you so much, love this feedback

Finally, financial news that is uplifting n not belittling🙏🏿😊🙏🏿😊💰😊💰💰💰💰💯💯💯

Thank you - at 53 I’ve been freaking out about retirement, but Grandma Moses has given those of us above the age of 30 hope!

I bought my 1st property when I was 17…. I paid £100pm into a pension.. at 40 I cashed the lot in got divorced and lost Everything I had worked for.. moral of the story.. Enjoy your life and be kind I’m 57 now and ask myself how did I get here 😂

Loved this video. At 27, I sometimes feel as though I'm lagging behind in my financial journey comparatively. but thanks to you, found a new hope.

I have not long turned 34 and have a few properties, decent savings/investments and a pension rolling. Student loan is also gone. This video makes me feel better as I have a constant worry about having enough along with leaving enough for my children.

Great message. Thanks as a 57 year old who's had plenty of bumps on the way, i feel reassured 👍🏼

@DamienTalksMoney

27 күн бұрын

Wonderful! Thank you for taking the time to comment. The bumps make us who we are.

This is brilliant Damien! As someone with 2 young kids, and “behind” on my retirement savings for my age, this video makes me feel what many other pension videos don’t. A bit better about myself. Like I’m not alone, and have the ability to catch up. Thanks!

this is eye opening and at least a little reassuring. 53 now, planning to finish mortgage at 55, then push 35% gross income into pension for as long as possible

@KiHToG

Ай бұрын

Having a mortgage free home probably means you are far ahead of the average 55yo in terms of net worth.

Thank you for your positivity on this subject.

Thanks for this Damien, at 50 and just getting a grip of this money lark I was panicking. But you’re right, there is no end date 🙌 thank you x

Really appreciate the quality of the graphs in this video. Super clear and visually appealing too.

This is a brilliant video. Thank you Damian for not just feeding the negative outlook and being positive about outcomes. I love that you back up what you say with data and real world examples rather than assumptions. Keep it up mate, lots of people are thankful for what you do and you should be proud of the changes you inspire in people. Just think, decades in the future, some people will be physically benefiting from some of the changes introduced to them by yourself. I’m proud of you, and I don’t even know you.

Thank you. Your posts give me hope as I started late.

Just brilliant, came away feeling really energised and positive and I’ve learnt loads! Besides your knowledge, I think the hope and positivity you spread are two of the most important things you can inspire in someone 😊

I have done this. In my twenties and most of my 30s I had casual or poorly paid jobs and didn't save a huge amount or own a home. It wasn't till my late 30s that I started earning the average salary and bought a (small) home and started seriously saving. Now in my early 50s I have a small mortgage left and pretty decent retirement savings. Not enough to retire in luxury but enough to be financially secure with a bit of care.

So good to learn about Grandma Moses. Your presentations are always so interesting. Coolio editing too. One exceptional human being who is beautifully humble with it. Well done D n co.

This is brilliant. Absolutely brilliant. I live in the financial world, reading about this stuff, and I have never seen this article before. Thank you for sharing this!

Thank you for this. This is just what I needed and I've saved it to watch again for those times when I'm panicking about the future.

Brilliant video Damien. Extremely thorough and VERY reassuring. Thank you.

Top Class video! Will be sharing the link at work as it's a message that needs to get as wide an audience as possible!

Great perspective Damien! Thank you!

Another wonderful video and especially lovely as us older bods (I’m 47) defo don’t love being told we should have started earlier so this is gold thank you Damien! ❤

This is by far the most interesting YT account on the topic on personal finance, and I'm not even UK-based. Great storytelling Damien, keep it up! 🔥

Can't thank you enough for this video. Really gave me hope back 🌺

This is my favorite finance channel. Thank you for this video!

People really needed this Damien! Thank you 😊

Thanks for this. I'm 51 years old. I was self-employed for 19 years but wasn't earning enough to make regular contributions to my private pension, and I got into severe difficulty with a property investment that went bad. Now that I am back in full-time employment and my mortgage is finally paid off, I began paying regular and voluntary contributions (about 30% of my annual income) to my pension again. It's amazing how quickly the funds have built up in such a short space of time. All is looking rosy again!

Great message but what an amazing journey you have taken in your vlog to get there. Well done Damien.

Lovely video as always, thank you. Great way to look at alternative options

Congratulations for this video. One of the best!

Well written and well crafted piece.

Quality content as always! Great to see a different perspective

Thank you so much!! Informed, fact & life based, dynamic and considered information! So motivating! Love his channel!

@DamienTalksMoney

15 күн бұрын

Thank you so much. Glad you enjoyed the video and the channel

48 years and only £15k in pension but I didn’t have anything to save. I’m now putting in 14% it’s not brilliant but I’m aiming for £200k by retirement. It’ll be something at least

@SevenEllen

29 күн бұрын

Ideally, you should put 24% of you income into it, according to Money Saving Expert (Martin Lewis), putting in half your age is the way to go.

@abigails7825

29 күн бұрын

@@SevenEllen I know, but I don’t have that spare

Whoever your editor is, is smashing it with these graphics!

Damien, your content is top-notch. Thank you

Refreshing positive video message enjoyed this Damien. 53 yr old guy. Late starter keep going.. Great job

Ooh heck, I put off watching this as I was so scared of it triggering my usual anxiety on this topic.Then I reminded myself how you excel at putting a positive spin on things, and dared myself to give it a go. And... this was truly inspiring, thank you so much Damo, I nearly cried! This is the very encouragement I have needed since the penny dropped what a wanker I have been financially. It's never too late to turn things around... in fact, actually, thanks to the info you've shared here, I can see that I already have... and will really enjoy that, going forward, instead of beating myself up. Thank you 🤩💗

@DamienTalksMoney

28 күн бұрын

I am glad you were brave and that the video will help you crack on and not beat yourself up everyday. I hope you are well Alison

Great video! Well researched, well explained, and all based on a really interesting truth! ❤🎉

Great insights again Damo! Much appreciated - Manchester based viewer 👍

Damo, you continue to make me smile. You are by far the best (and most entertaining!) finance KZreadr. Thanks for giving an old head like me, hope! 💯

Mate your videos are just getting better and better. No idea how you’re doing it as they were bloody brilliant before. Great alternative view on how saving for retirement doesn’t have to be a straight line. At 33 I’m keeping my contribution locked in until I can’t afford it. My last 2 pay rises have gone straight into increased contributions, as have my bonuses, to avoid lifestyle creep. Plus the “free childcare” gets removed if I don’t. I’m planning an increase to my savings rate when my little one grows up, knowing that’s ok is a relief. Thanks again Damo.

Damien, you always make me feel like I am not doing so badly with my finances. Thank you so much!

Thank you so much for this video! Very up lifting !

😮reassuring video Damo, Thanks!

This is your best video so far. Good clear content - loved the graphics. The humour also works too!

@DamienTalksMoney

Ай бұрын

You have been watching for a long while! So i love hearing what you think of video really pleased you enjoyed this one.

Entertaining and empathetic! Thank you!

That was the best video I think I've ever seen on KZread. It's made a big difference to me. Is there a way we can save these videos so we can come back to it? Thanks again D.

@Petersworld77

Ай бұрын

There is a save button below the video! Alternatively just subscribe to the channel and all previous videos are usually available from the content creator page.

Thanks for your positive thoughts

"mood hoover" fantastic description

Great post, very motivating. Thank you.

Brilliant brilliant video! One of your best. We have followed virtually the exact trajectory. Not much saving up to age 50ish but now kids are older, I've gone back to work after looking after the kids, partner is at peak earnings due to experience, we are putting massive amounts into our pensions and will be on track to retire at around age 59/60. And that's from corporate jobs. We fully intend to keep earning in retirement as there's no way we could sit around doing not very much. It's a good idea to develop diverse skills and hobbies outside of your day to day work skills as these can often turn into side hustles or full time businesses in retirement.

These graphics are getting super fancy! Good shit Damo!

Great video again mate 👌🏽 thank you

Very inspiring and informative presentation, Damien. God bless you.

Thank you. This video has reassured me so much 😊

Cracking video mate. Well done 👏🏼

I have never felt compelled to comment on any video on KZread until I’ve come across yours. Thank you so much for this. I’ve spent 10 years in the public sector and hoping to switch by the end of the year - my total pension pot contributions from myself and employer alone is somewhere between 130-140k at the moment. I’m in my mid 30s and I was worried I’d just wasted this entire time now I won’t get to see it until SPA if I leave - so watching this has given me a huge relief. Now I just need to figure out the best way to save privately as it’s always been done for me (I’ve been paying 14% the last few years..).

@rocksy71

Ай бұрын

Sometimes it’s nice to find a voice and put yourself out there to encourage others, I think 130k/140k in just 10 years is remarkable and not a figure to be sniffed at as far as moving forward and sorting out your own finances in the future. Like Damian, I found Vanguard ETFs to be cost-effective with low administration costs in comparison to the rest of the market and very easy from my phone to make changes to my portfolio, You may wish to look at Vanguard as a potential for your future investing, I think Damian uses the all world ETF

Excellent video again. Thank you!

I love this, Damien. You’re fantastic. I worry daily about the amount of money I’m saving for future but also that I need to live now as I have a daughter. It’s an incredibly difficult balance to reach, but you really do put things into prospective and make things feel a bit less doom and gloom ☺️

@DamienTalksMoney

Ай бұрын

If it helps I worry about the exact same thing you do. The balance is hard to strike but the fact you are considering it shows you are heading in the right direction

Excellent work Damien 👏

Thanks mate, needed this one. 40's and constantly feeling I started too late.

Great Video Mate!

Thank You Damien a well presented Video on the information provided. The IFS report is spot on with age range for a normal family of 2 children.

41 and really helpful. Thanks Damo. I found when I went self employed I made no savings contributions for 5 years. When the business finally got established, it was much easier (and tax efficient) to divert wages into pension. I was contributing to a workplace pension from 29 and immediately changed my fund choices after doing my own homework. That helped me get a good start. What about retirement plans that are outside pensions? Downsizing Property? Business Income? Etc?

Damien, this is one of your most interesting videos to date. I've only recently gotten into investing at 45 and I've had those thoughts about wishing I had started earlier. However, I had no spare cash when I was in my 20s! First house, needed a car, got married, etc. I did start increasing my pension contributions on my late 30s and now I chunk 30+% of my wage into my pension, mainly to avoid child benefit clawback. The savings curve you presented here gives me hope that I am on track!

Great video, very helpful to have advice that adds a lot of context and nuance that is often missed. Adding this nuance stops this from being a video that is good to know but doesn't feel personally applicable.

Love “mood hoovers” sentence 😀👍great blog thank you very enlightening and positive spin !….. I’m getting my old painting by numbers box out….. just in case 🤗😉👍

Thank you! I was guilty of the ostrich view of pensions until my fifties but I will have the mortgage paid this year and can now throw almost the entirety of my income at it. Your video has given me hope that it really is never too late.

Brilliant, informative video. Thanks.

Really great content - well done.

this is an incredible video! thank you

Great video, shared with my mate who is panicking about his pension (he is 39).

Thanks for making this video! I spent my savings in getting higher education in my 20s and 30s. I'm in my mid-40s and started saving more seriously in recent years.

You are a mood hoover that has been thrown into reverse! Brilliant video!!

For me being 51 and beginning with auto-enrolment at 42 isn;t the regret I have. The regret I have is not increasing my contributions and not realising that I could almost double them and see my take home pay only go down by a tiny fraction. Do that for 10 years and it makes a massive difference with little to no daily consequences. For me that makes me upset. But this video is excellent - I’ll probably retire when I’m around 62 but even then I plan to design some training materials on Udemy and maybe start a third career!

Top video as always. Im definitely going to get a paint set rather than saving

I just love your content Damien! Especially when you use technical terms like mood hoovers. I am 47 and just started tucking away some money in the markets.

I sometimes get the feel that when people say they should have saved more, its not out of some frugality lesson learned but out of some sense of regret what they spent the past money on (be it cigs, alcohol or flashy stuff that didnt scratch the itch). It might seem like a small detail but the crucial difference is that, if they are to have more money, they are in risk of spending that on the same. But the video is a good reminder that regardless of it all, everyone needs to just dust themselves off and think of it as a better later than never situation.

This is a really nice vid, thanks Damian. One thing I’d add though is the importance of health. Whether you have to or want to work after 65, you need to be ABLE TO. This isn’t true for some people and it’s awful. Even if you do retire, you want to be heathy enough to look after the grandkids and all the other good stuff

Thank you so much 😅 Other than a pension, investing was such a late thing. You’ve really let the pressure off. Time to get to work. 💪

Great video. Hi from Barcelona!!

Needed this thank you