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 damientalksmoney@gmail.com (Please don’t email me about shorts)
And lets not forget about shrinkflation, a convenient way we are all being hit by inflation, even if the price of things should drop to anywhere near previous levels.
Another key consideration is the uncertainty around future government policy. For example, the government could decide to reduce the age that outstanding debt is wiped and this could be a bitter pill to swallow for those who opted to pay down the debt by more than the statutory requirements.
I am so happy that I made a productive decisions about my finances that changed my life forever. I am a single mother and I live in Spain, I bought my second house in February and I hope to retire Next year at 40 if all goes well. Thanks to Lander C'Ann for helping me achieve this.
Thank you for making this and creating a conversation! As a high earner i am devistated by the impact of this student loan - i pay £4k per year post tax and it doesnt even pay off my interest. I know i should pay it down but who wants to use their hard earned savings to do this when you cant predict the future? University was the biggest mistake i ever made and i really think something needs to be done as it just makes you not want to work! I already pay enough taxes, so why can't i just pay my loan off and get on with my life. There's honestly not much point in working, when it takes away the spare amount of money that you'd have to enjoy. It rewards low earners and punishes middle to high earners heavily - i don't get it, isn't that the point of University? To get a well paid job.
University was never ‘free’ Damien, the postman, barman, lorry driver etc, paid for others to go and earn more than they would ever earn. As you rightly say, 87% have the debt wiped out so it doesn’t matter what you interest rate is, or how big the debt gets, the monthly payments remain unchanged
I agree with what others have said. It could do with rebranding as a ‘graduate tax’ over the years after uni, rather than a loan. Especially since such a high percentage of people will never pay their loan off in full. I can say with certainty that I will never even get close to paying my student loan off by 2050 (unless I win the lottery!). Great video as always Damo.
Just started recently and looked into a few companies. Kodal Minerals are booming and only gonna do better. Worth a chance, took the risk and hopefully it pays out. Maybe others should follow suit...
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow. Ann Elizabeth Messer focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
Even for high earners it may be better for them to not pay it off. As if you loose your job your payment to drops to 0. If you have children and you go part time again better not paying it off all at once.
My dad pushed me down the uni road by insisting it was "basically free". When I see how much gets shaved off of my paycheck each month and any annual bonuses I wish I'd never listened to him!
Vă mulțumim că ne mențineți educați financiar. În ciuda condițiilor economice dure, am câștigat peste 47.950 USD în tranzacționare în fiecare lună. Cel mai bun ascet din lume este BTC. Îți oferă cel mai bun profit! Pentru acum!
Am început să folosesc o strategie cu cele mai bune teste de la Sorina Raluca. A fost un punct de cotitură pentru mine și cea mai bună decizie a mea foarte sigură.
Datorită Sorinei Raluca și mentoratului ei, am reușit să obțin cea mai mare plată din viața mea! În martie m-am chinuit foarte mult cu tranzacționarea mea și Sorina Raluca, m-a ajutat să trec peste asta și după ce m-a ajutat să revin pe drumul cel bun am avut cea mai mare lună de profituri în aprilie! Fără ea ca mentor, nu știu unde aș fi
Asta e bine!!! Îmi place etica ei în muncă. De asemenea, sunt mândru să folosesc serviciile lor. M-am înscris la curs cu 1900 de euro, portofelul meu s-a îmbunătățit semnificativ
Couldn’t believe the timing of this; after 20 years, I actually just received a letter from the SLC to inform me I should finish repaying my (1999-2003) debt this year..
I've twice been given false financial information by the trading 212 chat bot when asking questions about terms and conditions for the ISA service which have caused me loss. When I raised this false information with a human on the chat, I was eventually given the curt response that 'a disclaimer is a disclaimer' regarding the trading212 disclaimer that the chat bot may make mistakes. This is a very cavalier and irresponsible attitude and very concerning for financial company. It raises questions about how they will handle customer issues if they loose funds, make mistakes etc. It reduces the trust in the service to make such crass statements. You cant negate responsibility for accurate financial information by trying to hide behind a disclaimer that your chat bot might make mistakes. You really need to be aware of this.
The SCHD is basically an index fund of strong companies that pay out dividends. It only has an expense ratio of 0.06% and has performed well since it came about 10 or so years ago. I highly recommend people consider adding it to their portfolio. With enough time, you can use those dividends later in life to largely live off of without touching the principle.
I’m sorry if this comes across as offensive, I really don’t mean for it to be but, if you dont know how to add stocks into your portfolio, you need to learn a lot more basics before you even pick anything to invest in.
Dividends from the stock market encouraged me to begin investing. What matters, in my opinion, is that if you invest and make additional passive income in addition to dividends, you will be able to live off of dividends without selling. It implies that you can provide that benefit for your children, giving them a head start in life. I've invested more than “$600K” in dividend stocks through my asset manager and will continue to do so until the price falls even further.
I have a Plan 2 and a postgrad loan, so my graduate tax is a much higher 15+%. I probably wouldn't have gotten my 'in' without the postgrad, but on balance could have avoided it if i'd gone for that subject undergrad. Hindsight works like that though, and early life decisions unavoidably impact your future. Can't kick yourself for decisions a younger, less informed you made based on what was available at the time. The real kicker is the interest rate, and only institutional investors are laughing as the universities clearly don't seem to benefit from this fee structure, and neither do the working people.
I wish I started investing in stocks earlier but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?
When you feel ready, hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.
Controlling my portfolio cost me losses in 2022. So, in January 2023 I sought guidance from a fiduciary. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
’Sonya Lee Mitchell’ is the asset manager I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.
I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.
I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital asset, i accrued over $80K in dividends last year
Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
I'm grateful for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I’m about to start a low-earning job coming out of my degree where I will be paying that £90 a year. I’ve no idea in my career where I will end up and will likely sit in that middle range. Thanks for this video to help clear up the impending worry :)
