Let's Talk - Life Update.
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- Опубліковано 2 чер 2024
- Get access to the pension questions and the fund sheet here.
financialinterest.com/pension...
Here is an index fund cheat sheet i put together looking at a few of the major brokers in the UK
financialinterest.com/index-f...
Would you like us to help your staff understand personal finance? Contact
Will@damientalksmoney.com
Petition to get finance taught in schools
petition.parliament.uk/petiti...
The brokers I use:
InvestEngine
investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine
Trading 212
trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.
Vanguard
www.vanguardinvestor.co.uk/
This is not an affiliate link
Timestamps:
00:00 - The last 4 years
02:00 - What is the point?
03:22 - Content - Core values.
06:58 - Blog/Newsletter
09:20 - Working with companies
11:09 - Not leaving
12:36 - What's next?
17:05 - Attack update
Don’t worry too much about the sponsorships. Most of those of us who watch you can cope. Your content is brilliant.
Agreed, would rather you used that as an additional stream of income to reach the goals in the video faster!
Great feedback this thank you! I like the challenge of finding a way to get the channel to a point i do not need them. But this comment and the amount of engagement it is getting is very reassuring. Tune in next week for me pushing Manscaped and Raid shadow legends..
😂
Sponsorships are evil. As a premium UA-cam member I’d like to think I contribute financially with my view sufficiently, to then still get shown ads is borderline unethical. I’m struggling to understand why UA-cam sells ad-less experience but allows creators to embed them within ‘content’
@@XeonSXI think the difference is that UA-cam markets UA-cam premium as something that removes ads, i.e. improves the watcher's quality of life. However having UA-cam premium makes little difference to the individual creator revenue, so videos sponsorships are a necessity for UA-cam channels of all sizes
You aren’t giving advice, you are sharing basic knowledge. That basic knowledge is the reason I, a 23 year old in the UK now has £2500 in my isa, sorted my pension out and am diversifying the small pot of wealth I have while still trying to get out n live. My mental health isn’t great but there is light at the bottom of the tunnel and I think that speaks volumes with how gloomy things in this country are at the moment. How this motivates you, keep up on your thing champ ❤️
Good on you. My Dad advised me to get into the work pension as soon as I started work. I started my Isa last year which, last week, was showing lower than I put in. This dosnt matter as I’m investing for long term and have a mix of mostly dividends stocks and a few ETFs and some growth stocks. I’m reinvesting the dividends for compounding. I wish self invested Stocks and shares ISAs were available when I was your age as I sure as hell wouldn’t be working now, but I am making up for it now. I’ll be analysing the stock over time and concentrating the investment on the best outcomes in the future.
I have got my goals sorted and am working towards that. You may have dark times and always get help when you do but remember you are working for a brighter future. Best of luck.
@@davideyres955 big facts, i find my strength in that growth mentality. Almost like seeing mine in the red as you know your buys at a discount 😎
Good on you...make a note to check back on this comment in 10 years and 20 years from now and see how far what you've done already sets you up for.
You've set the foundations for an extremely bright financial future.
Here here mate. 28 and I’ve never been so financially comfortable, and it’s all down to this fella. Mad to think how some chap that makes videos in the comfort of his own home is basically the reason as to why I’ve set myself up financially for a healthier and happier financial future.
Your best yet!!!!
How your face lit up when you looked at the letter from Victim Support speaks volumes Damo. The fact that it's so important to you shows clearly how making a positive impact on others is your North star.
Never forget Damo that a big part of your success so far is your character - you're very "personable" and funny so people feel they can connect with you. Whatever we do in life, however much you do educate people, its ALWAYS good to have a laugh (so don't get too serious). And ffs Cobweb! 😅
Thank you so much! I will never stop having a laugh it is just the way i want to be! I think finance is fun, doesn't need to all be bad news does it.
This. People don't just watch the videos because of the info, they watch it because of who is delivering the info.
I like your vibe and you're everyday cheeky chappyness and your accent (midlands?) love your cat too. (and I'm not a cat lover)
Yea, it was never your face that attracted us!
Damian, you say you’re nothing special… but in our modern world, it’s only an extremely small minority who have such a strong WHY, a plan to achieve it, and can articulate it as clearly as you can.
That’s pretty special in my view.
Thank you so much
This is my first time commenting on a UA-cam video on any channel. Your channel was the first that I ever watched on finance. Because of you I started investing... at 55. Now, my daughter invests through a Vanguard ETF. My son and his girlfriend also invest in ISA's. This is because of your last video 'Will We Ever Be Able To Retire'. You are impacting lives positively. Thank you. Please continue with your life changing work.
Funny isn’t it, a guy who advises in making the best use of money, finds giving to, and helping others is the most fulfilling thing. Your character and Integrity will always help your success Damien. Helping kids understand the financial world and saving them from future stress related to debt is a great aim and badly needed 👏👏👏👏👏
There is no arrogance. You are someone that has great reachability (is that a word ?) and your care and humility comes through. Thank you Damien.
I hardly ever comment on videos Damien. Your content is great and your genuine passion for wanting to help improve people's understanding of the world of personal finance and how they can better leverage it is truely admirable. I'm glad to have found your content and to be able to follow your journey while learning on the way.
You're one of the world's good guys!
Thank you so much! Lovely feedback and thank you for taking the time to comment.
@@DamienTalksMoney you're very welcome! I also wish you the very best in being able to make a real commercial sucess for yourself too. Good to see a fellow brummie out there succeeding while also doing the right thing by folk!
I wanted to take a moment to express my sincere appreciation for the profound impact your words have had on me and many others. Your wisdom and guidance have been a source of inspiration and encouragement in life.
From the very beginning, I have watched you grow and evolve, and your advice has been invaluable to me in navigating my day-to-day challenges. Your authenticity shines through in everything you do, and it truly resonates with your genuine followers, myself included.
Thank you for sharing your insights and wisdom with the world. Your words have the power to bring about positive change and inspire others to be their best selves.
Please continue to share your light and keep up the great work. Your true words mean more than you know and make a significant difference in the world we live in today.
You’re such a gem of a person. You really don’t owe this explanation to anyone, and you did it nevertheless. So grateful to be part of your journey!
Damien, you sound sincere, I REALLY hope you achieve your goals.
For a few years after retiring I volunteered as a maths tutor in my local school. I worked with gifted kids who don't get maths, the kid who will make a great mechanic, but needed to get through GCSE to start an apprenticeship, or just needs a Maths GCSE to get into sixth form. Sunak is correct, there is a massive deficit of Maths skills in our secondary school kids. But he is wrong about dealing with it. By secondary school it is already too late, kids are frightened or have no interest. We need to enthuse kids during primary school if we are ever to move forward.
I applaud what you want to do to change society for the better through financial education, and wish you luck.
But kids just want to make youtube videos.
"You need to know what your values are because it will help you to make decisions" is great advice, not only for UA-cam but for life.
It is so true when i clearly defined what i wanted to do the option on how i grow the business became very clear.
The education system is failing children. I come from two loving parents who were petrified of money. They didn’t buy their council house because they were scared and financially naive. As a result I grew up with the same fear. I’m in my 50’s now and I have an ISA and follow the markets daily. The impact people like yourself can have should not be underestimated or taken for granted. The children of the UK, from every social level deserve to be taught finances. I suspect there will be resistance to this aspiration by those who don’t want a savvy generation who begin to build personal wealth but real change is never easy nor speedy. Keep going Damien. You’ve got this.
Thank you Dave for this comment and for sharing your story.
I am happy to hear that you were able to find your way to this knowledge that should be given to everyone and not gate-kept.
I also expect to meet resistance but the main benefit of this channel is I can speak directly to you and not be silenced, so when I find it I will shine a light on it for all to see.
Im an experienced investor who has been managing their own money for 40 years. I see the value of your channel as helping others to learn about personal finance - because lets face it the education system provides no help to young people on money matters
Some truly inspiring goals! I wonder what happens if all of your viewers ask themselves how they can change the world...
Damien needs to start a political movement. The common sense party! 👌
This is one of the best videos on the internet. Genuine, transparent and undeniable. Thank you
I donated at the time, 100% respect, should be more people out there like you, as previous comments, I don’t normally comment but you deserve it
👏👏
As a Damien Talks Money ambassador (Self appointed, you don't get a say) I think that this is probably the most important video I have watched of yours. The business model of creating content for free to educate those who are in that gap of institutional financial education will in my opinion be one of the most powerful things you will (will) achieve. I actually hope that by doing this for free, the reward will come both in a huge amount of "giving back" feel good, and importantly from momentum in what is absolutely filling a very sad gap. The values that you describe and that your channel shows are sadly missing in the financial world, but you very much show how it should be, and could be. I am teaching my kids about finance currently, and now I have a bunch of their friends who have come around to go through my thoughts. But as soon as you step outside of your own children, you see how important it is that you approach this in the right way. I really look forward to seeing what you come up with, and having that as a much better upgrade on what I am trying to do. Your overall business model sounds fantastic to me. Best wishes.
The pension default fund video was probably the simplest most impactful one you’ve done for me. I sent it to loads of people at my office; our default option had way too much fixed income/cash.
As a 31 year old, self employed cabinet maker I have watched many UA-cam videos about wood, and not commented - ever. However I have found your videos so inspiring and educational I just wanted to say thank you. Since going self employed 3 years ago, the work sorts itself out, that's what I have been trained to do. Different ways I can invest profits/manage money however, that's all new! I genuinely look forward to each new video you release, thanks again - a new subscriber 👍
I think you're spot on about schools - I'm an accountant and financial advisor and have done some voluntary sessions in schools on financial education, it's so important and it's great to see someone with your reach speaking up for it - good luck!
Your videos helped me a lot! I have finally started investing at 42 years old and now getting more motivated to start my martial arts youtube channel. I had been too worried on not knowing enough about youtube rather than just getting going & improving over time. Thank you!
Your content tackles personal finance without making it egotistical. Your approach is to say how do we, as a society, become more financially secure rather than how do I get richer. It's compassionate, it doesn't apportion blame but does provide solutions. Love your message and what you are doing.
4:31 Yes! Used to have those books - you've unlocked a memory there
I'm a teacher and I've been advocating at my schools to do exactly this.
We're sending kids to uni and to work with absolutely no knowledge about money.
Love the content.
We’re all with you, Damo, and personally I’m in compile agreement that something needs to be done re educating the young on financial matters. I suffered financially from being brought up with just my mum, who also didn’t really have any money sense behind her. I now have two kids at home and work in education and it’s shocking how little real world knowledge is passed down to them.
Our finance department at work could also do with some guidance 😅
We need more people like you in the world, Damien. Thank you for sharing ☺️
Video's like this restore a bit of faith in humanity for me. I know that you are rewarded through UA-cam & sponsors, but your plans for impact are set in a way that you bring your (growing) community up with you. Thank you
Loved everything about this, you're truly inspirational
Thank you for sharing so much in this video and giving us perspective. Very inspiring
Proud of how far you have come Damo! Genuinely been praying for your success as you are so honest and kindhearted. Keep it up mate!
Huge respect for you mate. Informative, honest, willing to be vulnerable. You're a great role model, keep it up 🙏
Legend, thanks for your service.
I'd suggest making videos for people who have a spouse who is bad with money.
Often folks who seek this out are already mindful.
We need a series for the people who don't want to hear it, or are made nervous an avoid it. An just are not usual viewers. Those are the people who would really benefit so yeah we need a perfect series to show that one person we each know that NEEDS a lesson.
Wife, son, maybe a brother.. or a friend.
I did economics up to A level (80s) and didn't know what an index fund was until a few years ago. The work that you and others like you (Pete Matthew) have done for the average person is immense.
More power to you.
I can still have nightmares about the income and substitution effect (A level Economics 1985 lol)....all my personal finance pre age 53 years (I'm 56 now) came from my wonderful mum and dad.
You have helped me, and I have had conversations based on your videos. Thank you!
I love how honest you are !
120 comments that all sound positive in an hour of release. That should tell plenty of feedback on what you are doing Damien. You’re doing great work and are one of the best financial content channel on UA-cam. Keep going and doing what you are doing.
The only financial advice that I got a school (1970s) was how to fill in a cheque. One teacher mentioned compound interest, but did not explain what it was.
Started watching your vids just over a week ago and they are really informative and easy to digest. Keep up the good work.
Congrats on taking time to reflect, most forget to do the thinking about it because they get busy chasing stuff that doesn't matter in the end.
You’re right. In school they’re taught to death Henry VIII but nearly nothing about life and finances. The meagre bit my girls was taught was very very basic, dull and dry. Great plan 👍
Thanks for this. I don't quite know how to approach teaching my children without switching them off, so what you describe would be fantastic. Keep up the great work 👍
I'm along for the ride. Really enjoy your content. Thanks
A fair few years worth of fantastic content but you’re just getting started Damo. You’re head and heart are in the right place and I can’t wait to see you bring this vital content to more and more people.
I admire your integrity and values. Great channel btw.
I'm 26. I reworked my pension funds and upped my contribution after listening to you; something I'd not considered looking into before - should make a massive difference by the time I retire!
I worked for a large blue chip organisation and they spent a lot of money annually on teaching new staff (specifically apprentices but it was available to all employees), how to manage money. I couldn’t comment on how valuable it was (I’m sure yours will be incomparable) but more to the point they shared business strategy’s with BT, vodaphone and other large companies.. I’m sure if you got a case study together and with your credibility in the finance community they would snatch your hand off 👍 great to see someone true to their values and question where you are going (it’s inspired me to evaluate my business/plans also)
Best wishes
Awesome stuff, I look forward to seeing what your ambition and dedication achieves!
So much appreciation and respect for your values, approach and work. Absolutely amazing.
Damien. Rest assured, You are BRILLIANT! Changed my life in terms of money, money management and above all pensions and my future. Oddly, although 'many decades old', single etc... yes that too...i buried my head in the sand. Discovered your channel and you turned my financial life around. Not a day goes by without me thinking about income, pensions and how i can help others. Thank You. Yes every success in the future. And like many thousands [millions] of followers, a massive Thank You. What a journey! Continued success. And yes your [re]action to the assault on you. Incredible. Thank you.
This is exactly what I am trying to do in South Africa! Your inspiration is Crossing Borders Damian. Continue with what you are doing and your impact will stretch far and wide into the world! Cheers mate! 🍻
Awesome journey Damien, thanks for bringing us along. It’s a good watch
even though ive never met you I do feel a kinship from you and I need that, you're like a big brother just trying his hardest to help without getting fully involved, keep going we all need this! one more person on the side of the light.
Your poster notes took me all the way back to 1998 in Scotland. I lived there before moving to Manchester. It was colder, I hardly spoke the language etc! I wallpapered all the room walls with poster notes. It had empowerment messages. A big paper note was attached right in front of my bed that read " where there is a will, there is a way", it was my motto lol that message used to get me up from bed to practice English everyday for one hour 😊 To Invision my life in the UK and pursue every dot I wrote down😊 Now I lost the energy, I want to pursue dreams I left behind because I wanted to secure my family financially first and myself 😮😮😮 Where there is will, there is a way 🎉
Thank you Damien ❤
This is a wholesome video. keep up the content, for some reason I find myself watching them all, all the way through, its never boring.
As a mother and a teacher I totally approve this message 👏🏾👏🏾👏🏾🥰💖
😊
Brilliant message Damien, you are a beacon of hope for so many of us searching to make progress in the financial maze. Keep doing what you are doing so well and please stay the generous, humble Brummie we love. 💙
I guess my first comment is congratulation on making UA-cam a full time profession.
You have helped me. Good luck with the next years content.
Such a great motivation going forward! You're down to earth and you just to help people! I appreciate that so much!
Your style of delivery as well as your content are what make you such an invaluable source of financial content and inspiration. For that I thank you and is also the reason why I spread the word to my family and friends, especially the youngsters who are just starting on their financial journey. Cheers Damien👍
I follow several personal finance youtubers and Damien’s videos always get a like from me before they even properly start.
Thank you for your great content, Damien.
Yes! I always make sure to like his videos even if I don’t finish them because the effort he puts into them is top quality, 100%.
Well deserving of all the work he puts in.
Morals, principles and beliefs - you have them in spades Damo. Keep up the great work and lets do this
Great to hear some businesses educating their staff about financial health. I recently discovered your podcast, thanks for all the informative content!
Hi Damien. You absolutely make an impact. Im 37 this year and dont have a big pension pot or much savings, despite having a good job. Ive been watching you for about a year. In that time ive started investing in a stocks and shares isa and combined my pension pots and moved them into "better" funds. My pensions were actually lower than my initial investments this time last year. As of now my isa is up 19% and im adding monthly and don't intend to dip into it for the best part of 20 years if i can help it. My pension has clawed back the losses and is up for the first time in years. Me and my partner have a baby on the way and i know that at least im now well on the path to retire at a decent age and be able to support them down the line. I watch your videos every time they come out and they are always very interesting and extremely useful. Thanks for what you do.
Absolutely agree with this. I started investing because of Damien and now have a S&S isa for medium term, a LISA for a house as a first time buyer, and a SIPP to which I regularly contribute small amounts for later in life because I hadn’t ever really contributed to a pension before. All of this is beacuse of Damien.
And this is exactly why pension schemes concentrate on sub-optimal, low volatility (but generally low growth) funds because the majority of people do not understand how equity investments work, or that they are likely to recover in the longer term. It is also why a large proportion of people would normally choose an annuity over ongoing investment and drawdown - because they are easy to understand and also offer a guaranteed income for the rest of their lives.
You are fortunate, you have plenty of time for your investments to grow and you are already onboard and learning about your approach to investment and growing your pension. I was well into my 50s before I started to learn more about pensions and investments and, even if they existed, I was not aware of you tube channels and financial education. We do now have excellent educational and informational resources available and also easy to use and low-cost investment platforms that allow us to apply that knowledge within government approved, tax-efficient savings schemes. The Internet has been transformational in so many ways.
This is incredible to read. Thank you guys for sharing!! Jack congrats on becoming a parent soon. Take a look at Junior ISA and Junior Sipp for the little one.
Damo
Just a little thank you from me Damien, you made me take the step to review my workplace pension fund. In a short space of time the two non-default funds Ive selected have outperformed the default fund by 60%. Im 35 and whilst I appreciate this level of return may not be consistent, itll make a big difference between now & when i retire. Im fortunate enough to have a job that has allowed me to focus on frontloading my contributions, my pot sits at £500k & these changes will be huge for my family, my only frustration is not looking at this sooner. Thank you again.
signed the petition, so much respect!!!!
You are an amazing human! Please keep doing what you do.
Respect 🙏
Congratulations on all your achievements! I am sure the channel will go from strength to strength!
Thank you Karl!
It’s so great to hear what you did with those donations mate. You’re making real change in many ways. I’ll keep watching no matter which avenue you go down. Cheers mate!
You legend Elliot mate you have been watching for so long now i really appreciate it
This is possibly my favourite video from you. It's great to hear what your plans are, what motivates and drives you, and the legacy that you want to build. I think that I may have subscribed to you in 2020, and my respect for you as a person as well as a content creator has grown exponentially each year. Just signed the petition. Thanks for sharing it.
Thank you for everything you do Damien. Thanks to you I had a lightbulb moment that my pension was sitting in a bog standard fund with a provider (one of the larger ones) who were doing the square root of nothing except charging me high fees. My pension was stagnating. But I watched your videos and took control, I moved to a SIPP. I now pay far lower fees and it's growing. I've invested in ISA's and I've got the rainy day fund you advocate. Keep doing what you're doing, it's fantastic. One last thought; Great Barr beats Erdington ;-)
You're an inspiration, Damien. I genuinely look forward to each video you upload...you have a unique insight and special way of addressing key points head on. Thank you!!
This is lovely feedback thank you so much!
Your WHY? is so very important. thanks for this.
Yeah it has really helped me focus in on what i want to do
appreciate you sharing thanks!
I’m a relatively new subscriber and I love your channel. Wishing you all the best, Damien.
respect to you and your fine work and research...
Thank you so much!
Here's to your future success Damien you are doing a fantastic job.
You've taught me time is the most important currency, so make sure you spend yours on what makes you and your family happiest. If you can make the world a little less evil at the same time go for it!
Also my favourite Goosebumps book was One Day at Horrorland, but those choose your own adventure ones were excellent 😄
Wow!! This is an amazing donation. Thank you so so much. Sorry for the late reply I have only just seen the comment
Your honesty and integrity shines through - just keep doing what you do!
You are saving future lives, of those watching and there future families. Respect for this and also sharing your personal updates.
I'm a secondary school Maths teacher. In fact, we basically teach ZERO financial content. We teach the basics of bank statements and compound interest, and nothing else. Meanwhile we're teaching them how to factorise and solve quadratic equations lol.
Tell me youve hired your mum to get your washing done for free, without telling me youve hired your mum to gwt your washing done for free. 🤣
Nice one Damo! This sounds amazing, been watching form the start can’t wait to see where this goes!!!!!
An absolute legend. Keep it up. I wish all your plans and dreams come true! ❤
It's really good to hear a soft brummy accent online. Reminds me of my own background
Well done for knowing it is brummy! I get called all sorts
The attack was a year ago already?!? I remember watching that video and feeling awful watching you struggle to hold it together on camera. What a lad
Damo - your vids have helped me over the years. It’s been a pleasure seeing your YT journey. Thank you for all the content and everything you do. Keep pushing as you are an asset. Thanks for the health update too
You are a legend. You didn’t deserve what happened to you, what a top bloke for donating to charity too. The world would be a much better place if we had more people like you.
Keep sharing good advice and education on finance, it’s helping lots of people and I hope will also generate some good money for you too.
Recently found your channel. You’re going to help people more than you can imagine. The world needs more genuine people with a an eye on the smaller things that become big steps.
Thank you Damien, I appreciate everything you do, I've learnt a lot already and look forward to also teaching my son with your help.
Petition signed! It's very heartwarming to see that you were able to turn the terrible event that happened to you into such a positive thing! I look forward to learn more from you 😊
You probably won’t see this as there’s nearly 600 comments as I type this but just a thank you for the content you produce. Following guys like yourself and a couple of others on here for the past couple of years had allowed me to self educate myself on these crucial aspects of life. I work in finance so probably pick most of it up sharper than most but the level of understanding I feel I now have is going to stand me, my family, friends etc in good stead in the future. Thanks again and all the best with what’s to come
Thanks for all your content Damo, you’ve helped me sort my finances for the future! Sounds like some great work planned, awesome stuff!
Thank you for helping me navigate the mystery of finance. Really grateful.
Empowered. You are helping the world.
Great video and good ideas, will look forward to seeing how your channel develops and thank you for the advice!
Well done Damien! Cheers for the vids! Onwards & upwards. I think your audience have a lot of faith in you and your direction.