Are you looking to improve your finances but don't know where to start? Have you tried but find the content confusing? It doesn't need to be that way!
Have you been struggling to get out of debt? Are you trying to take control of your household budget? Or maybe you want to take your first steps into the world of investing!
Then this channel is for YOU
Trust me I know how finances can make you feel
I have messed up plenty of times and want to help you not do the same.
Learning from my experiences and the knowledge I have built up from working in Investing, Debt and taxation-I’m going to give you the advice I wish I had 10 years ago
Videos will be posted weekly and I promise to deliver quality informative content without the Bull
For business enquires please contact me on [email protected]
(Please don’t email me about shorts)
Пікірлер
Thanks damo. Yet another smile put on my face. The Brummie sense of humour always wins in my eyes. Once again thanks for the laughs and more seriously for the info. I am at 48 having recently woken up to the fact that i wasn't doing enough for the future. Isa and pension now consistently being put away every month and know that my 68 year old self will be grateful to yourself and my good friend Pete Matthew @meaningfulmoney. You too guys have opened my eyes and I will always be grateful for your work. Thanks buddy.
Thanks damo. Yet another smile put on my face. The Brummie sense of humour always wins in my eyes. Once again thanks for the laughs and more seriously for the info. I am at 48 having recently woken up to the fact that i wasn't doing enough for the future. Isa and pension now consistently being put away every month and know that my 68 year old self will be grateful to yourself and my good friend Pete Matthew @meaningfulmoney. You too guys have opened my eyes and I will always be grateful for your work. Thanks buddy.
another great, informative video. Using art attack was nastalgic as hell for me!
Problem is all these so called financial experts contradict each other - I've watched a video from Ben Félix saying lump sum investing yields better results in the end and others are saying the opposite
After 70, your quality of life severely plummets. You have a maximum of 10years of somewhat decent living
Fortunate to have been able to retire at 47 after receiving family inheritances. Left the U.K. 2021. Now live in Cyprus. Turned 50 last month.
Retired having just turned 58 and loving the freedom, the only debt i took on was a mortgage, i never bought anything i couldn't afford. It's all about hard work, keeping fit, planning what you want at a young age and going for it (focus and grind), my only advice to the young is save and diverse investments no matter how small the amount is (never put all your eggs in to one basket) it will eventually compound.
Insightful perspective. A global index fund would be less stressful. I'd also be wondering in hindsight whether I should've gone with the S&P 500. But given the US federal government's militarism and interventionism abroad, forcing countries to de-dollarize, I think you've made a very wise choice in going with a global index.
Surely if you are not bright enough to weigh up the costs, you are really not bright enough to go? I wasn't. Thing is, when I left school if you didn't have "Actual" straight A's. They wouldn't accept you. Less than 5% of my year had straight A's. Today there is so many A's, A*, A** and so on, you would think all were academic geniuses. How many of them get a phone out to do simple addition? How many courses have been made up to accommodate the less academic just so the University can cream the money off the unweary student? Biggest issue now is if people take 2 courses in tow, that's 6 years of not paying into the system. If you don't pay your fair share, there isn't going to be a state pension left!
Im 27 and i dont know if i will ever truly retire, i enjoy work and found covid horrible as my industry almost completely shut. I invest in my pension and ISA so hopefully should be alright. But I never know a family could completely change my perspective Love the vids
Im currently 52, been working for over 30 years and current plan is to retire at 55. Been thinking lately though if I could retire earlier than that as I have income from an ISA.
I can definitely see working when you don't need to - at that point you just don't care, there's no pressure. You can just do what you enjoy and get a bit extra. After all, what are they going to do, fire you? Oh no. I guess you'll... have a longer sleep?
So good
How does someone die from an "art" attack, mate? 😂
Are you split testing on this?
I split test on every video. Was actually short on time with this one due to a few factors so not the best thumbnails… but always worth a split test
You guys save for your retirement by putting money into pension? Buy stock index funds! (At least when you still have about 10 or more years until retirement) otherwise your money gets eaten up by inflation
Great content, Damian, as ever. Thank you!
I've been thinking a lot about financial planning and retirement strategies lately. With all the economic uncertainty, it feels like I need to be extra cautious
Absolutely, financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
Yeah, it seems like the economy is always in flux. How can I navigate this uncertainty when planning for retirement?
Most people miss it but the secret to retiring comfortably is finding a way to make returns while your money works for you. My Dad, as i remember started saving for retirement quite late but I know he was making more than 10k returns from his investments monthly and it was completely passive.
Yeah and Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional in order to navigate this recession and achieve potential high yields and taxation.
Our family got introduced to a financial consultant about four years before my dad retired. That was what changed things, and I think my retirement will be on the right track.
love the sponger frame, what was the video about again. Sorry was distracted by your sponge frame
Why do i all of sudden have the urge to grab some tarpaulin from the shed and go make a big picture of something on the lawn?! Great video and what a balst from the past for a 90's kid. I dont really have a plan for retirement age. I just hope I know when its time and that I still have something to keep me challenged and active.
Time to say bye bye to UK.
Damien and Neil Buchanan is the collab we never knew we needed
Not ashamed to say I laughed hard a couple of times there. Well done Damien!
Regarding influences on being able to retire younger, yes the state pension age will be one influencer to push this upwards. However, companies having to auto-enrol employees and also contribute from a young age will be an influencer in the other direction, enabling people to retire younger, as they will have healthier pension pots than the average potential retiree does now. Each year that the pension age rises is only £11.5k extra (at today's rate) that you need in your funds to cover the difference. That may seem like a lot to someone in their early to mid career, but it is nothing to someone approaching financial independence. And the auto-enrolment will more than compensate. It's actually paving the way for removing the need for most people to need to consider the state pension. It will likely become a means tested benefit for those who haven't had private pensions build up enough automatically through employment. The current generation entering the workforce have a lot rosier an outlook than they realise. They seem to only focus on the negatives, but I blame the media for that.
Really great video. Spot on. Thanks a million.
You're very welcome
More people working later in life can also be due to it being easier to negotiate reduced hour weeks. Also, the prevalence of Zero Hour contracts, mean people can pick up part time work more easily.
At 60 I should have 450k in my ISA, enough to tide me over until pensions kick in.
"Run by fruity" caught me off guard 😂😂😂
I plan to be semi-retired by 50. Don’t think I’ll fully retire if I can help it
Liked for your brillowant puns 😂
When you venture into the world of financial investment, it's important to understand some foundational principles
It simply means the allocation of money toward an asset or portfolio, with the expectation of earning a return over time.
Yes, It a procedure where you allocate money or capital towards buying financial products, expecting to earn a considerable return in the future.
According to Patricia strain an expert, this can occur through appreciation in the price of the asset, earning interest, dividends or royalties.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash I invested the money using an analyst, and in seven months, I raked in almost $673,000
Patricia Strain must be a great person, her strategies are top notch.
I'm 34 and my goal is to not have to work at 50, that's not to say I wont continue or find a part time role after that age but I want the option to flip the bird and do what I want by then. Working to 50 is working for freedom, working past 50 is working for Ferrari's and holidays if I want to at all!!
Really interesting video Damien. There's one factor in your analysis that I can see missing, which is that most of us work as family units, so it's joint income and work plans that decide when we retire. Most men marry younger women, so it will often be the case that the men will work beyond state retirement age until their partners can get their state pension. So with a two year typical age gap in married people, that would tend to push a lot of men towards around 69. That will allow the family unit to have a sum they can live on without financial stress. I am in exactly that position. My wife is 4 years younger, so my current planned retirement age is 71 or thereabouts. I bet there are lots of people like me - when I get to about that age our joint income in retirement will be about what it is now, so I will be able to make a straight and uncomplicated choice about whether I want to stay working a bit more because I still like working and just take more good holidays, or whether I call time on the job market. Incidentally my wife has become one of those economically inactive people, as she has developed a mobility disability and can't find anyone willing to employ her on a part time basis (which is all she could manage), with the role constraints that mobility issues bring. The jobs just aren't out there - the vast majority of roles are full time, and part time roles offered tend to be the ones where it is pretty obvious why they don't get applicants - late night weekend only call centre work, for instance. I find it interesting to speculate as to what the actions of a future government to means test or further limit the state pension (e.g. to increase number of qualifying years, which would mean my wife would not get a full pension) would mean for me. Provided I am healthy, in my own case it would probably keep me in the workforce further towards 75. As a side issue I think that the prevailing view about increased healthcare and social costs for the elderly are simplistic. It's not age per se, but health that is the issue. I took a fairly drastic swerve to improve my health by switching to a low-carb diet when things were going awry metabolically. Kudos to my doctor at the time for recommending it. Things are good now, and being able to imagine working happily at 75 is completely reasonable. I find it sad to see the figures of economic inactivity and mental health issues in very young people, and reflect how much of it will be down to poor diet, and the completely duff information that circulates in the press and in the population as a whole as to what a good diet really is. I see a lot of comments from those who retired early. Most people just don't have the opportunity to put more than a bare minimum away. It's not fecklessness and lack of desire to save, just life circumstances. In my case divorce 20 year ago lost me almost all the equity in my house, and years of crippling child maintenance which stopped any chance to save whatever. There are many like me no doubt.
the youth today already have
Great video as always 👍 Did you see the dailymail article that said there are more savings in ISAs than ever, yet we know logs if people are struggling?? Is the wealth devise getting bigger? Maybe worth a video (or not)
Genius
Great vid. As Marseille were supporting Judas Priest at Liverpool empire May 1980 they must have been the first live band I ever saw, had no idea art attack guy was in it!
This perhaps supports the case to find a job that you love.
The subtle rejection of employers hiring anyone over the age of 50, regardless of experience and enthusiasm, is a unspoken problem. Be prepared for that all you under 40's.
State pension kicks in at 67 for Me. So, I'll retire a few years earlier with savings and wait to pick up my pension. I live in Asia so don't need much to live on.
Great perspective Damien! Thank you!
I'm 42 and that savings graph is sort of what I've done by accident. Wish I'd started investing earlier but looking back to when I got what I'd call my first proper job; I quickly got a mortgage, cost of running a car and I child on the way. I didn't have a lot of disposable income and couldn't have saved or invested. I could maybe have started a bit earlier than I have but now I'm investing hard.