The Money Test You Need To Take.

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I took the latest test around attitudes towards money and the results shocked me.
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Papers and research:
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00:00 - How important.
01:30 - The Research.
04:58 - Sponsor
05:59 - Money Avoidance
08:17 - Money Focus
10:13 - Money Status
12:21 - Money Vigilance
12:53 - My scripts
14:43 - The test
15:57 - Rebecca
DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.
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Опубликовано:

20 июн 2024

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Комментарии : 340

@MadeOfStone02 Год назад

How this channel doesn’t yet have 100k subs is criminal. The quality of videos is second to none

@DamienTalksMoney Год назад

Thank you so much!

@bernardo.daSilva Год назад

100k on to a million. Onwards and upwards. Be really nice to know the challenges you have faced to get to where you are Damien. No doubt there has been an element of luck and a lot to do with your creativity and how likable you are.

@DamienTalksMoney Год назад

@@bernardo.daSilva If you think it is worth it i will make a video. i am sure it wont get loads of views but i think there is some really important lessons that can be discussed others can apply to their personal development.

@bernardo.daSilva Год назад

@@DamienTalksMoney second channel maybe? With a lot of cobweb. You're so creative I'm sure we'll all have a lot to learn

@SarahWilsonID Год назад

Exactly! He's soooo creative!

@slayerrocks2 Год назад

I was a financial mess. I spent every penny I had at the start of the month. I ran up credit card debt. Got a mortgage with an endowment that wouldn't cover the loan, and never increased it. I ignored letters and had anxiety about confronting my issues. I lost my job in my mid 40s, but got another really quickly, but that was the catalyst to get serious about my finances. In 5 years I cleared £22k of credit card debt. The endowment did well, and I paid the mortgage off by adding some savings to it. I hope to retire at 60 with 60%of my wage plus wife's state pension which I'm buying extra years for. I've been very fortunate, but can't help thinking, where would I be if it hadn't taken four and a half decades before getting my shit together. And yes. I grew up in a house almost in poverty. Some Christmases I got fruit and chocolate, but also lots of love.

@La_sagne Год назад

ive watched many hundreds of hours of financial education content and i can confidently say that you are providing serious additional value in this space. this is good stuff

@jonathangiles4854 Год назад

I’m teaching my kids in the car on the way to Sunday swimming lessons. Covered inflation and mortgages so far. They are 10 & 7! Should be taught in schools

@ngiraitis Год назад

Really appreciate you introducing this topic to us while being transparent and honest about your own journey… it makes the content that much more relatable.

@DamienTalksMoney Год назад

Thank you mate i really appreciate this! At the end of the day my journey has made me who i am financially especially the mess ups. I hate that so many pretend to be perfect online when I think the truth is far more compelling.

@King_Harrold Год назад

Very similar to your good self Damo. Graduated in 2008 as a money worshiper. It's no surprise as we are sold the dream, go to uni, get in a load of debt, so you can get a great job and be rich. I then spent time at the large accounting firms and some FTSE companies and realised it's a gilded cage, where enough is never enough. I also grew up with very little money at home. Typical 80/90s working class family, single average wage income from father and stay-at-home mum. So when I transitioned (how 2023...) to money vigilante, I had all the anxiety. I realised the difference between a worshiper and vigilante is 'what is enough'. One is focussed on the external and the other on the internal. At 36, I now ensure all bills are covered, no short term debt, save into my pension and ISAs, and then given myself permission to enjoy myself and live. It isn't a dress rehearsal!

@LEWIS1992 Год назад

The "Money Avoidance" chapter of this video is the most important part, I think. I feel like this kind of stuff should be taught in schools, so no-one enters adulthood without a decent understanding of finances.

@peterstokes8631 Год назад

Have to agree about the teaching, link this with the pension topic in previous video and I wish I had been presented with it at an early age. Luckily I guess I am classed as a vigilant and fortunately comfortable in retirement, unlike many unfortunately.

@markthwaites210 Год назад

I will say it again …you would be a massive asset for a school program helping kids understand money and the system that wants to keep us down.

@glennwhitlock1272 Год назад

Totally agree. My eldest daughter's school ran a course (albeit a kind of add-on to fill the post maths GCSE void) on personal finance. At least it's a start.

@nicwilliams00 Год назад

One problem with the comments.....Here is the bitter truth, the government do not want you to be good with money. They make too much money from people spending and going into debt. They will never ever teach finance in school. Horrible to think!

@lynchs2441 Год назад

It should start earlier, with small steps from parents. Mentioned study from Tang & Gilbert (1995) "Money attitudes are established early in childhood and remain fairly consistent throughout one's life.."

@robertstallard7836 Год назад

I think I score highly on Money Vigilant, and that was definitely down to my parents. From a young age I used to be given my pocket money monthly rather than weekly to encourage budgeting, and I quickly learned to do that when what seemed like quite a lot was given to me at the start of the month. Then saving was encouraged by me being given a small additional percentage for every bit I put into my Post Office account. I definitely think those good habits stayed with me. Hence, I tend to try and "buy well" - for example, when it comes to a car I'll think "What do I want it to do?" Answer - "Get me from A to B and not break down". I'll therefore look for something (secondhand, of course!) that fulfils those needs without worrying about the make etc. The "reliability" rating is oen of the first things I look at when deciding. My house isn't full of "stuff" and clothes tend to be long-lasting and unbranded and "generic" rather than fashionable. So, yes, I think the idea of money habits is proabably correct

@lukasg6254 Год назад

I just did the test. It looks like I am money vigilance but also money focus. To be honest I am both. But watching your channel for a long time and a few videos more than once makes it easier to understand this financial (not gibberish anymore) noise. It was difficult at the beginning but with your help, Damien is much easier. Thank you again.

@ringsaphire Год назад

Balance is what works for me, I don't dream big, have small goals to begin with, and grow them just bigger and bigger as time goes by.

@toddburrows5191 Год назад

Hi Damien, I am currently in my first year at Durham studying maths! Awesome to know that my favourite content creator went to the same uni as me. You’ve taught me so much that unfortunately just doesn’t get taught in schools and at a young age, having only just left school/college it’s a real shame that still in 2022 I left school having no real knowledge of finances in the outside world. I know I am very lucky to have found your channel and be well educated in finances at my age and so I make sure to share your channel to my friends.

@DamienTalksMoney Год назад

Well done for getting into Durham! Maths is no joke and such a great choice for a degree i am sure you will do well. Honestly Todd as i discuss in this, my time in education didn't really prepare me in a financial sense for the wider world at all i learn through failure essentially.. I hope you don't need to learn in the ways i did and all i can say is tuck away a little each month and stay consistent and you will do amazing! Next time you are in Castle bar have a Smenergy for me! Damo

@msrefined1 Год назад

The branch of financial psychology you are referring to is called behavioral finance. It was my favorite class in grad school.

@whydoncha Год назад

Really appreciate your holistic approach towards finance. You got something special here, keep it up!

@lolmeercatz10 Год назад

So interesting, I relate to you so much on your story of the suit, my first job was on £15k too and my highest monthly spending time was when I was in that job and it was on needless things like designer clothes too. It shows it was an insecurity because when you're actually in a position to afford these things you don't buy them anymore really and they lose their appeal or at least that was the case for me.

@laurieproctor3572 Год назад

I changed my habits like yourself. The realisation that spending every wage in the first 2 weeks and it still wasn’t enough. My upbringing was very much, don’t worry about money, if you want it buy it. No thought about the future. The film “99 homes” with Andrew Garfield brought the importance of financial preparation to my attention. It’s still tricky envying a newer car/ bigger house (human nature I think), but trying to be aware that keeping expenses low is the goal to enjoy experiences over material goods. Saving and overpaying the mortgage whilst not losing yourself saving every penny and becoming obsessed (did at one point), and enjoying some for the hobbies. It’s a tricky balance for sure! Interesting to see the labels, it allows the brain to rationalise what I see everyday but like you say, it’s reassuring that you’re on the right thought process and there are others that feel the same way!

@jonathanjoseph5600 Год назад

Can I suggest that the money beliefs evolve over time. I was classic prestige when I was younger. A proper (as opposed to fashion) working class background, where no was the default parent answer to "can I....". I evolved as I worked hard and developed some security. I am now definitely in the money vigilance camp, but I am older now and have a different risk appetite also. What defines you today might not define you tomorrow, so it is worth looking at yourself regularly.

@ukbeautyroom Год назад

My attitude towards money has definitely changed throughout my life. Im very happy to see some footage of cobweb. 👍

@rlove21 Год назад

Yet another excellent video. Thoughtful, relevant and candid (as well as relatable and amusing at times) As an older (Vigilant) investor, I really do hope your channel continues to grow, especially with the youngsters who I'm certain can really appreciate your approach and content. Kudos Damien.

@DrMatthewhannah Год назад

Every day's a school day! Fascinating stuff Damo, will try the test later and also share the video with my children who seem to have very different attitudes to money. Will need to go through some of the papers you've cited as I guess there will be significant Nature vs Nuture debate around this aspect of people's behaviour, as there is with everything else. Great content as always, good luck getting to 100K subs.

@Chilledtim1 Год назад

I'm really glad i discovered this channel last week, i was following afew other finance channels but yours has quickly become my favorite. As someone with well over 6 months of emergency fund saved whos been putting off buying a £30 item for the house for weeks now for fear that its 'alot of money' i know which catagory i fall into. Channels like this encourage peaple to work on improve themselves and their relationships with money little by little. Its providing valuble content to the world. keep up the good work man.

@DamienTalksMoney Год назад

Love this feedback thank you so much! Your situation with the £30 item is so relatable i have been there myself! I very much believe we can all improve ourselves little by little and that a healthy relationship with money is as much self improvement as going to the gym.

@jamesbanfield456 Год назад

Fascinating video as always. I definitely agree with your point that money scripts can change. I think I would have classed myself as an avoider in my early 20s, largely due to a lack of understanding and education. Fortunately I discovered channels like yours and have since educated myself. Having just taken then test I am now strongly money vigilant (and a bit money focused too)

@burropoco Год назад

Here in the UK this channel should be on the A-Level Economics curriculum.

@MrSafira86 Год назад

Really good content, Just did the test had exactly same results as you but more marked as 5 on focus and 4.38 vigilant. Great inputs and nice to be self aware of this. Thank you as always

@SteveSlalam Год назад

Great video Damien! Your personal journey sounds similar to my own, being the same age as well. Took me until I was about 23 to realise that having credit card debt and constantly owing family and friends was no fun. Something clicked and I have transformed into a money conscious, saving, investing, workaholic type creature. Although now fast approaching 35 I’m realising that nothing is more valuable than time. So my next transition will be to create a more healthy relationship with money and enjoy non financial related things more too. Maybe by the time we are retired we will have found the perfect financial script to live by! 😆👍

@helenayers1540 Год назад

Loving the content this year. It's fresh, different and honest. Thanks for the time you take to make them.

@DamienTalksMoney Год назад

Really appreciate this feedback! Thank you

@VelocciYT Год назад

Get this man to 100k. Deservers it massively, the editing is insane, the video flow is master class. I'll also leave an edit to this comment once i've done the money test, quite intrigued

@DamienTalksMoney Год назад

My guy! Thank you. Honestly you are not far behind me. i always knew you would kill it

@mooremoneymakin Год назад

Great video. I took the test and the results make complete sense to me - I'm High for Money Vigilance, Medium for Money Focus and Low for Money Avoidance / Status. There are defo times when I could be a bit looser with money and it's something I've been working on for a while.

@djrphotography Год назад

Same as you. When I was in my early late teens/twenties, I was definitely money status and money avoidance (fair amount of debt and no spending control - buying needless stuff). But in my thirties, my attitudes towards money have drastically changed (no debt at all, except mortgage). I would say I'm more money focused and money vigilant. I would put it down to lack of any education about handling money as a youngster.

@playingFTSE Год назад

Hey mate. When I was younger I was terrified of burglars. So much so my dad, who had an old jaguar car at the time, told me that badgers had stolen the famous leaping cat badge from the front of his car during the night. I was way into my 20's about to recount this story about badgers to my workmates before it dawned on me that he'd lied... -SD

@DamienTalksMoney Год назад

HAHA! incredible mate, well at least you didn't tell the story then realise.. But what a beautiful example of how the inputs as children can stay with us long past when they probably should

@playingFTSE Год назад

@@DamienTalksMoney true, I'm amazed it never dawned on me though that badger sets weren't full of car badges though 😅

@slayerrocks2 Год назад

Could it not have been a slang term for people stealing badges? It started with VW badges. A trend due to the Beastie Boys wearing them.

@DamienTalksMoney Год назад

@SmigtySmig Год назад

Signed up to the upside after months of intending to! Good man.

@DamienTalksMoney Год назад

@@SmigtySmig Hope you enjoy it Mark!

@NedStarksGhost Год назад

Great video (as always) Damien. The final section where you discuss your scripts is very relatable as your journey is similar to mine. You're completely right that we aren't fixed to a script from a young age. This should hopefully give plenty of people food for thought and help understand their relationship with money before it becomes too negative!

@DamienTalksMoney Год назад

Glad you thought the video was useful and it is reassuring for me to hear that others have followed a similar path to mine. I hope you are doing well now!

@growcrypto6103 Год назад

Your content is so good man. Perfectly articulated and always taking difficult concepts and presenting them in an easily digestables way. Keep the videos coming Damien you are a true financial hero 👍👍

@mortelski5814 Год назад

Thanks Damien. This was very interesting stuff. I remember having charts on my wall when I was about 13, showing how close I had got saving up my pocket money to buy something I wanted. (A golf club for £6.85 I think). I have been doing something similar, for a dozen years or so, with a spreadsheet, trying to predict when I can safely retire. So I think you are right, attitudes to handling money get embedded quite early in life.

@MustangTC Год назад

Great link to this KMSI-R thanks! Was interesting to see my results (high focus/vigilance, low avoidance/status) and i'll be sharing this with my family to do. Continue the great work thank you.

@DamienTalksMoney Год назад

Thank you for sharing the video. Really glad I could make a piece of content that you can then take something away that applies to you. Thanks for leaving this comment

@ojo5916 Год назад

Great video - I found it really interesting to find out more about money psychology!

@sl0w_racer Год назад

Subscribed! amazing video, so insightful. I tend to be a 50/50 split between money vigilance and money focus. The story about the £1k suit and £15k salary sounds how I used to be with money many years ago, you clearly have moved on since then which is fantastic. It's a continuous path of learning for sure. Thanks!

@DamienTalksMoney Год назад

Thank you! I am glad you enjoyed the video, it is indeed a continuous path of learning and that is why I thought share the failings instead of sitting here pretending I am perfect

@stephengreen2626 Год назад

I took the Klontz survey which is thought provoking. I constantly review my actions and decisions which gives me good outcomes. As an old guy I know that I am invisible so there is no one to impress. Pity, as I actually do know better than most people but most people (Dunning Krueger) think that they don’t need advice because they are already “better than average”. Damian, I recognise that you are better educated and harder working than me. Keep looking for that extra bit that you don’t yet know and report it back to us.

@DanielGonzalez-tg2mp Год назад

You put a lot of work in making these videos, thank you for the service provided

@Dr.JubairsFinance Год назад

After spending the day reading academic papers for work, I get thrown more by Damien, but I'm not complaining. Love how you actually use research in your videos!

@DamienTalksMoney Год назад

Mate the fact you work all day then watch me is enough for me to feel sorry for you... let alone the papers!!

@Hawxxfan Год назад

It was great how you opened up to us about your past financial habits towards the end of the video. Knowing this about you makes me appreciate you more as a financial youtuber

@DamienTalksMoney Год назад

So glad that is the case! I get sick of everyone pretending that life is a straight line up.. I personally would rather discuss finances with people who have been through it a little as they have a good perspective. I will continue to share my failings in the past where it is relevant. Thank you so much for this comment.

@aalhaidari 11 месяцев назад

Another beautiful video, and a flawless delivery! Thanks for the great insights

@lynchs2441 Год назад

Mentioned study from Tang & Gilbert (1995) "Money attitudes are established early in childhood and remain fairly consistent throughout one's life..". This one is the most important for me. I can see it on myself and trying to change it for my kids. Start talking about money with kids early, give them oportunity to get involved etc. Great topic Damien as always!

@DamienTalksMoney Год назад

Yes! The data suggests talking to kids about money as early as possible is so good for their development, don’t hide money from them

@lorenzogee Год назад

Great video. Loved it! Super interesting topic and different compared to what we normally hear on personal finance channels. Well researched and well presented as always. Informative and entertaining. Thanks Damien and well done!

@DamienTalksMoney Год назад

Thank you so much Lorenzo! Love that you think the content is different as one of my aims is to make content that is a bit different and that people can actually take something from and apply to their own lives. let me know what results you get on the test!

@missroxor134 Год назад

I definitely used to be in the money avoidance camp in my 20s. It’s what I was taught growing up and used to find money stressful. When things inevitably went tits I had no choice but to face my issues with money, get a grip of my finances and now, according to the test, I’m mostly money vigilant with a lot of money focus. So gotta agree that you’re not necessarily set from childhood.

@mrericpritchard Год назад

You produce brilliant videos with great content and this video is another great 👍🏾 one. Keep up the great very relatable work.

@ChrisBrown-or8ky Год назад

Brilliant vid. I'm coming back for a rewatch. My own history with money and actions for money are all over the place. Cheers

@MrJambo4life Год назад

Excellent video. Pls keep up this very valuable content. 👏🏻

@plasticcreations7836 Год назад

I'm glad you got your finances back on track. Ive gone through a similar process to you. Originally I didn't have any savings but when I was made redundant I started to invest and now I have a more balanced approach.

@hazeldavis3176 Год назад

This really made some hard truths about myself crystal clear.

@pglove Год назад

Cracking samples and musical references AND sound financial content as always ❤

@BlundenCrypto Год назад

Great content Damien. Thank you 😊

@gdziejestkicia Год назад

Great video, thanks for bringing ideas like this to our attention! I need to now do some research about what are possible triggers for the scripts developing. It must be quite complex I imagine. My parents are both leaning into the money avoidant group, they worked hard and have decent standard of living, but they never saved up seriously (nor took any loans, just not willing to deal with any financial stuff) I turned out quite money vigilant, but what baffles me is that my brother is pathologically money status oriented. We grew up in the same household but have such a different attitude towadrs money. I think I was concerned about my parents being oblivious to the lack of security, while my brother just learnt that living paycheck to paycheck and on top of that inflate the image of wealth is a good idea. I wonder how early kids can pick up on stuff like that.

@s.haynes6759 Год назад

LOVE your channel! I took the test. And I''m dominantly Money-Focused and secondly Money-Vigilant. ''The Money Focused believe that the key to happiness and the solution to their problems is to have more money. At the same time, they believe that one can never have enough money, and find that the pursuit of money never quite satisfies them. '' I pretty much fit the bill. But I'm working on it to loosen up.

@DamienTalksMoney Год назад

The main thing is you see it in yourself and you are working on it. That’s the exact best place to be

@TheNimbleNomad Год назад

12:23 stil watching.. such a fantastic video. I can see you’ve put a lot of thought and research into this content. Well done mate. Really interesting - just helped devolve my psyche a little with this. I think the key thing I can see is you can yo-yo between personality types as they are not mutually exclusive. So you could score higher on one end and then in another depending on situation

@battj1 Год назад

I do love your videos...so funny and easy to watch 👍

@jackwaterman6727 Год назад

I know this sounds stupid, but i was money avoidant until since starting DCAing into BTC and learned how and why to save/invest in early 2020. I've cleared all credit card debt and ridden the bitcoin rollercoaster. The emphasis on hard money has revolutionised my thinking about money. From avoidant to being focused on security and retention.

@nicwilliams00 Год назад

Nearly 100k subs. Yeah Boi!!! Well done. BTW C.R.E.A.M is a great album!!

@brent1041 Год назад

I definitely like these money theory videos. Keep them up

@stephielee5106 Год назад

I wasnt ready for that ending 🤣🤣🤣 I died laughing it was so great and unexpected. This is a really cool topic that should be brought up more often with all financial advice. Understanding where you come from and your habits/attitudes will help you to move toward the future you are aiming for. Keep up the great work Damien!

@Life_Literacy Год назад

Such an interesting topic, nice one fella. Love the sociology… money is seemed to be a dirty word that people don’t like talking about.. huge change in mind set. Not long to 100k subs! And we’ll deserved 👍🏻

@TomFreer87 Год назад

Great video Damo.

@kaneallardyce4501 Год назад

Brilliant video big man!

@whtmasterd Год назад

A breath of fresh air. Thanks for the work.

@45graham45 Год назад

Great video & advice for many people here.

@sozilla Год назад

Really interesting content, I agree that people can change their actions, particularly by educating themselves. I've previously fallen into the trap of buying luxury items for status. Through learning more about money management, I've started to be able to avoid the pitfalls and build a decent financial platform

@DamienTalksMoney Год назад

Yes! Thank you for sharing this Tom. Well done on recognising an area of your relationship with money you could work on. Sounds like you are doing great now

@williammoore9609 Год назад

ANOTHER AMAZING VIDEO. I always think if you never get into trouble you never learn how to avoid trouble.

@mikebarnes7231 Год назад

👏👏 brilliant video Damo! It’s definitely possible to transition from one set of habits to another. Not necessarily easy though. The last clip had me creasing 😂😂

@marineb7617 Год назад

After watching this I now know exactly which category I come under! Thankyou for the insight …fascinating stuff!

@gealinga1994 Год назад

Love this channel.

@augustleoberonis5369 Год назад

Great content, love the psychological insight on your channel. I used to be money avoidant most of my life, and Im a psychologist, but since I started working in finance Ive completely shifted into money worship....and since I got signed off work due to chronic illness Ive shifted into money vigilance. So I totally agree with it not being a stable trait. Very few traits are. Especially behaviours that are closely linked to circumstances and affected by conditioning. Maybe you're familiar with my colleague/mentor Adrian Furnham's work? Absolutely agree with the importance of this topic

@nicholasbanks4543 Год назад

Awesome video man. I'm the same traits as you Damian and live with my gf who is an money avoider.. it's so hard sometimes!

@NoName-ql1wk Год назад

There is so much good advice in this video. It sums up everyone I know. More money doesn't reduce problems, after a point. Make over about £60k a year and you'll be set. Anything more just save.

@kevinharper7037 Год назад

Great video - I did the test and was not to surprised to see that I scored the highest in the category of money vigilance, and I scored reasonably high in money focus. I think these categories to change over your lifetime. When I was young I was definitely in the "money status" I drove Ferrari's, Porsche's and Lotus's and I wore designer labels such as Benetton and Polo which should show how old I am. The caveat is that I usually purchased the high end cars broken and repaired them usually selling them on at a modest profit, and I was somewhat adverse to debt so I probably was not a pure "Money status" person. I switched to a "Money Focus" in my 30's and early 40's and then evolved into more of a money vigilance. I say this because I think some people do change over time, though I have met a few "Money avoidance" types and they don't

@TomRyanElliott Год назад

Another great one, good work. I'll have to use this later on today. Personally, I saved an amount through investing after being silly wasting money through suits, drinking and watches originally. With that, I've bought a buy to let to start the one of hopefully many properties moving forward.

@bjemmettsmith Год назад

Really insightful video 👍

@trance1986 Год назад

Great video I just found out I'm money focused and money vigilant but I already set up a timeline to quit my current well paying job to spend more time with family and to travel more.

@bernardo.daSilva Год назад

Damo oh Damo! Absolutely nailed this one. Thanks for sharing. And that ending. 🤣💯💯💯💯💯💯💯💯

@RandomJane104 Год назад

I'm closest to the last one. Money = Security. I have learned to enjoy a little of it though on an international vacation every 3 years and driving not the lowest model of car. I went with the mid-range of the Mazda 3.

@KateStefan Год назад

Thank you Damien, your content and video quality has been one of the best I've viewed.

@mattythehat Год назад

Fantastic video Damien. I'm inclined to agree with you that a person's attitude towards money can change and evolve over time, but I wonder if there is any research on how likely or often that can happen. I suspect that a significant number of people aren't able to look at their own experiences objectively, leading to belief perseverance. My 2 big criticisms of education today is that schools don't teach basic financial management or critical thinking patterns - people aren't equipped with the right tools to begin with to break out of any negative scripts we form as kids. We're just left to work these out for ourselves.

@nikki_jp4216 Год назад

Love the topic and have just read Psychology of Money which covers some of this ground. Wouldn't complete that survey though with their use of the information shared and "privacy" policy...🙂. Have to say one thing I found peculiar in lockdown was that there was little to spend money on, I loved not having to go to shops, and enjoyed the bank account growing...sad huh?!!

@teaboyuk 8 месяцев назад

I think forgiveness of self is really important. Ive been through the debt cycle you describe many times and i liken it to being a "money junkie/addict/convict" and like being those things its difficult to get nicked, go down amd come out reformed.

@The_Last_Post Год назад

Damo, can you do a video about switching funds. Not so much the process, that's easy to do (Vanguard here), but more the implications of when and the effects its has on the funds themselves. Say, if you partially switch a percentage or small amounts to switching the whole lot in one go. Obviously switching when its in profit would be a start. I'm interested in the ramifications and have found little on this subject, so hoping you might give it a go! Keep up the fantastic & entertaining videos

@vwtdi19 Год назад

Hey Damien, great video quality! Can I ask what camera you are using please? tks

@CosmicBrain21 Год назад

Damien, your channel is quickly becoming my favourite. I’m probably a lot like how you are now, but similarly I wasn’t always this way. I started off in my childhood by spending all my pocket money quickly, which then morphed into spending all my paper round money. My younger brother on the other hand was always good at saving and made occasional large purchases which made him look quite wealthy. In my late teens I decided I wanted to buy a house so began saving more and more, every time I got a pay rise I would put it all to saving. I have a house now but I’m more financially aware than ever, I’m on top of my pension and investments etc but probably don’t enjoy the security that I’ve built up. I even split my out my ‘spending money’ into a different account so that I could give myself permission to indulge but that’s now accrued £1500. What a privileged problem to have.

@SimonFaeDenny Год назад

Your hair suits you much better now than at Uni if nothing else! Enjoyed your content and found your take really interesting. Subscribed 🙏

@Nobleteam239 Год назад

Great video mate

@DeanR3 Год назад

Another great video 👍😁 very interesting

@stephengreen2626 Год назад

Intelligent, thought provoking analysis explained in a down to earth way.

@DamienTalksMoney Год назад

Awesome feedback! Thank you so much

@elfred8821 Год назад

I had loads, but it imprisoned me. Now I have enough to be free, which is enough for me. I’m 54. Great content fella.👍

@DamienTalksMoney Год назад

Your story sounds fascinating and I bet we could all learn a-lot from what your are discussing here! Well done for finding balance.

@nicholasbancroft1820 Год назад

Really good, well done Damien, I loved the music thread 😂👌

@robertcroxford9672 Год назад

The Jodie and Rebecca gag at the end was quality Damo. Had me belly laughing. Good video buddy.

@louiem97 Год назад

Really thought provoking and informative video. Top content as always👍

@DamienTalksMoney Год назад

Thank you as always for watching it! So glad you enjoyed it

@peelyo94 Год назад

Great video this gave me a big reality check, done the test and definitely describes me.. having the feeling of never having enough money, working far too many hours and never spending money on myself either just saving and investing and waiting on a lot of money to appear from somewhere to make me feel happy

@DamienTalksMoney Год назад

I am glad you got something from the video. I often fall into the trap of work, save and not much else... Recently I have been spending money on experiences and activities, making the time and budget for it. i have really enjoyed it and i do not regret spending the money at all. Maybe give it a try.

@tomh2121 Год назад

Brilliant video Damian - was late on this one but it’s quality

@grantross1360 Год назад

Phenomenal channel Damien, keep doing what you’re doing.

@DamienTalksMoney Год назад

Thank you Grant!

@WillMaskellTaylor Год назад

That joke about the alien made me laugh 😂, I remember kids at school saying the same thing and then begging my mum to buy one so I could try it hahaha

@nevillerigby6874 Год назад

Wow, what a great video.

@alf_lim Год назад

Very informative, as always.

@DamienTalksMoney Год назад

Thank you!

@chrisbaker121924 Год назад

I am deffo in the vigilante with a hint of status for sure 🤣. But I absolutely hate feeling being ripped off also, I don’t buy anything that I can’t get the value out of fully or be able to resell the item in the future for the same or more than I paid. That way it justifies owning the item for me. I can just think of the item as “money” that can be liquidated. So idk where I am! I do also feel anxious that I’m not doing well enough (your videos have helped reassure me that actually I’m doing okay and compared to history I am living better than a king from not that long ago). Thanks Damien as always, informative and well researched!