A Finance Masterclass for Smart People Who Aren’t Interested in Money & Finance 💡 (ch 10)
Рет қаралды 150,530
Everything I didn’t know I should know about finance in one unbiased video, in terms even a true dumb-dumb like myself at 29 could understand. Not me over here thinking I was smart for not investing my money??? Why don't our public schools, funded by taxes, teach us this? OH RIGHTTTT I'm on to y'all. Let me teach you everything (the pros and cons) about stocks, ETFs, IRAs, retirements, crypto, real estate, being abroad, and my overall philosophy toward money. This is the Non-Finance Person’s Finance Masterclass™️ Just remember guys: "None of this is financial advice" 🤣 I've really had enough...
🌟 me on ig damondominique
🏆 subscribe to this channel tiny.cc/damondominique
🇫🇷 enroll in my french course: courses.damondominique.com
📲 tiktok: vm.tiktok.com/ZML1NW2rB/
💡 Timestamps
0:00 Some people are so poor, all they have is money
3:45 My beef with finance
6:00 I’ve hired 7 accountants for advice
7:10 Pros & cons of Self-employment vs Being employed
13:19 Where to put your money + Inflation
15:00 All the taxes we pay 🥴
23:00 How the rich do it
25:58 Brokerage accounts
29:40 Capital gains
31:00 Investment simulations
34:52 Stocks & ETFs
41:00 Retirement accounts (IRAs & Roth)
44:16 Lump sum vs Dollar cost averaging
46:15 Real estate
55:16 Crypto
56:38 The being abroad part...
1:01 A winning financial mindset
1:04 The philosophy of money
💡 These books are actually good, easy to digest, and non-dusty.
I Will Teach You To Be Rich amzn.to/3lAXdh3
The Psychology of Money amzn.to/3yO6gCX
Rich Dad Poor Dad amzn.to/3wL8gsW
The Simple Path to Wealth amzn.to/3MSq1Od
How to Worry Less About Money amzn.to/3MPeAGE
💡 The videos that were helpful
Shout out to four people who helped me: Elena Taber, Nathaniel Drew, Ashley, and Sorelle Amore. Links to everything they’re about down below.
Sorelle Amore (watch every video) kzfaq.info
Sorelle & Leon’s company Abundantia www.abundantia.co/
Alan Watts What if money was no object? kzfaq.info/get/bejne/oc5_lKR5sJ3Jlpc.html
Elena Taber Finance playlist kzfaq.info/get/bejne/q5pxl9ehlZquqH0.html
Alex Hormozi (love this man. rich AF but you can tell he’s a good person) kzfaq.info
Leila Hormozi (love this woman. rich AF but you can tell she’s a good person) kzfaq.info/love/xCcu9pet4dljrBLf8R5nwA
Rich Dad Poor Dad audiobook (I listened to it here) kzfaq.info/get/bejne/ndKZjauq1NytZ5c.html
Nathaniel Drew (my dude sat with me and helped me set up my vanguard) kzfaq.info
Monica Hernandez (i just like her way of talking realistically about money) kzfaq.info/get/bejne/d7OBZ8icvNangoU.html
Our Rich Journey (they make me feel like this isn’t doom and gloom) kzfaq.info
MeetKevin (helpful to see that just how much people are putting where, in perspective) kzfaq.info/get/bejne/jNuln8disdOpdGQ.html
Graham Stephen The Iced Coffee Hour (he interviews guests and asks them where they put they money) kzfaq.info
💡 The sites that were helpful
Nerdwallet www.nerdwallet.com/
Investopedia www.investopedia.com/financial-term-dictionary-4769738
The Existential Therapy class I took www.udemy.com/course/existential-therapy/
#DamonDominique #Finance #FinancialLiteracy
@xiaolingliu5665 2 жыл бұрын
Chasing money never made sense, desiring less did. Thanks Damon
2 жыл бұрын
That's exactly what I did after watching this video!!! OMG... I went to my taobao account and canceled (wait let me count) 14 orders... i don't need all of that!
@xiaolingliu5665 2 жыл бұрын
@ lol bravo!!
@slidenapps 2 жыл бұрын
Believe Damon. he has a medical degree he has a biology degree and he has an economic business degree. Oh and he also has a psychology degree.
@thinkwhatsyourlife5908 2 жыл бұрын
@@slidenapps do u know where he studied and like how did he do it it seems expensive and like takes a long time?
@kxenia7852 2 жыл бұрын
@@slidenapps business and psychology yes , the other ones im not sure
@earnestison1234 2 жыл бұрын
I’m 55 years old, retired, and have an MBA from a top business school, and I can tell you that this video gives you all the information you need .
@slidenapps 2 жыл бұрын
Sad nobody knows that already and they listen to the crazy talking points from the political left but although I believe it's good that he says something it's a bit rambling and hard to follow and I also have an MBA Joe did this one time and hers made much more sense because she was more organized in her presentation
@samuelbrown8934 2 жыл бұрын
@@slidenapps for someone with adhd like me this is the perfect intro to personal finance because it keeps me interested and not bored
@TheNinjapancake14 2 жыл бұрын
This is an awesome confirmation!
@kachionyekuru1914 2 жыл бұрын
the yassification of personal finance was exactly what I needed on this Monday afternoon
@drebugsita Жыл бұрын
Couldn't have said it better!
@yamum 4 ай бұрын
a year later I’m watching this on a Monday afternoon too!
@damondominique 2 жыл бұрын
Money is hypothetical until spent.
@SiddharthS96 2 жыл бұрын
The French word for mortgage is hypothèque
@8AlisaInez 2 жыл бұрын
💚
@diamondcentury21 2 жыл бұрын
@@SiddharthS96 same in polish 😅
@laurawalsh3121 2 жыл бұрын
YES!! My parents always said never to invest and always keep it "safe" in the bank but like??? In 2008 nobody could get their money out anyways so??? Hardly safe???
@tenoki 2 жыл бұрын
@@laurawalsh3121 Keeping your money safe now a days means keeping it liquid. The easier it is to use and move around, the better chance that you have to survive an economic down turn and come out better than most on the other end.
@Emmere 2 жыл бұрын
I love that more millennials are having these discussions around money. The previous generations really tried to set us up for failure with their houses crisis, economic recessions, lack of livable wages, housing, and healthcare. BUT millennials we will continue to thrive. Love that creators are learning, growing and sharing their perspectives on money, side jobs and career.
@letsparchmentitupyo7566 2 жыл бұрын
yes!! + to add, i can see our generation moving towards employment & wage transparency. at work a while ago i once asked why someone the same age and experience as me was on a higher pay rate (a convo between me and him and we're both young), the immediate response was 'well youre not supposed to be talking about that'- it fosters an unhealthy environment and only encourages pay inequality. excited for the future of us not giving a fuck ! props to damon for educating us, so thankful
@UnJadedJade 2 жыл бұрын
spilling the TEA on monEY !!!! where was this vid 5 years ago :’))) you did this so so well
@cheninblanc 2 жыл бұрын
Jade and Damon😍I'm rooting for a friendship
@elenac2178 2 жыл бұрын
DAMON PLEASE DO A VID ON YOUR TAKE ON MINERVA UNIVERSITY -M26 ☺️
@MA-zg2pz 2 жыл бұрын
“Why don’t we just simplify the law so everyone can understand” the laws are not always black and white since nuance is how people/corporations win cases and set the standard for cases after that. This both can work for us and against us. But I get what you’re saying. The poor don’t have access to lawyers usually and therefore are extremely vulnerable.
@aileenmarie5341 2 жыл бұрын
"Sometimes things you wanna do... don't make sense money wise" and that has been my motto so far 😂😂
@rheamahajan 2 жыл бұрын
You’re doing god’s work Damon - this video is EVERYTHING. Though I am a licensed CPA, I am in full agreement that the constant flux of rules and the associated jargon is such an unnecessary (yet very intentional) barrier. Love you ♥️♥️♥️♥️
@alexispaige2760 2 жыл бұрын
If I could like this a million times I would. 🙌looking forward to any further courses you may have on the Intricacies of a global citizen lifestyle or financial bestie advice because you drop gems I would pay for. Not to mention I also feel aligned in your mindset and delivery. Chefs kiss. 😗 On another note- I would love if you had a discord server or a Facebook chat because the community you are building around globally minded introspective people is exactly something I’ve been looking for and I’m here for it love.💜🥳
@damondominique 2 жыл бұрын
this community idea is really interesting. hmmmmmm
@benjiboy1245 2 жыл бұрын
@@damondominique it would be super dope, I see lots of people commenting on your red wine talks saying "mannnn, I wish i knew like minded people like this" and an online community could be just that for many of us.
@Theeeory 2 жыл бұрын
@@damondominique I could help by setting up a discord server anyone who’d want to help could and it would be self sufficient.
@xo-maria 2 жыл бұрын
@@Theeeory Commenting in case the discord is ever created (:
@baileyhall7434 2 жыл бұрын
Would love a community to get to know your other followers! You’re the only KZfaqr I consistently watch! Here for all the best content always ❤️
@cait. 2 жыл бұрын
1:01:10 credit card companies charge stores transaction fees when a customer uses their credit card. So even if you pay it off every month, you’re still making the credit card company money! That’s how you earn cash back and points. It also raises the prices of goods & services which negatively impact people who mostly only pay in cash because they’re not reaping the benefits of cash back/points. It’s all a game 😫
@Fortheloveoforthodoxing 2 жыл бұрын
Great points!
@amethystcarter773 2 жыл бұрын
I watch because you’re like a bestie who always keeps it real. I’m 30 and out here trying to get good at everything too. Cheers to the wisdom that comes with the years
@lagritsalammas 2 жыл бұрын
Very much in that same place. Turned thirty at the end of last year and suddenly everything's sorta coming together. Idk what cosmic forces hover over this particular age, but suddenly mental health, physical health, self worth, money, needs, desires - everything's just coming together in a nice clear pod, everything's making sense. So indeed cheers to the wisdom that comes with the years.
@Jamila91100 2 жыл бұрын
Cheers to 30 !! I am in love with this new knowledge and wisdom that I now have you couldn't pay me to go back to my 30s
@Akki-kz9jv 2 жыл бұрын
As someone who is turning 30 very soon and absolutely dreads it, all your comments are so reassuring. Thank you from the bottom of my heart!
@lagritsalammas 2 жыл бұрын
@@Akki-kz9jvthere is nothing to be dreaded! The only thing that changes is the number! You, on the other hand, will keep on being that same person, just with 30 years of experience, which is definitely more than 22 or 27 or whatever. The 20s were great and fun and we got to figure out a lot of shit, but now in the 30s is the time we learn to fully love who we are, make time for ourselves, our interests, say "fck you" to the standards that don't suit us, and come to the utter point of comfort with ourselves. I don't think I've ever loved myself as much as I do now, and instead of confusion about life and where I'm headed, I'm finally feeling relaxed and with a clear mind, and a solid focus towards the future. It's gonna be a great time ahead!
@tenoki 2 жыл бұрын
I follow your channel because you live the life that I am working towards. I am not trying to be rich, but I am trying to be comfortable so that I and my family can do those things that we would like to do with minimal encumberment. I truly feel that the goal in life is to work enough to live, not live enough to work. Once you reach your definition of success, it make no more sense to chase money and keep making other people richer. Invest in yourself and your future.
@JemimasOutcome 2 жыл бұрын
I'm transitioning into self-employed, and there's so much to do, I never realised how overwhelming it could be. I literally am always thinking about my business, and how much I don't know. 😭 Getting my personal and business finances in order is scary but I am determined to understand; thank you for sharing your experience ✨
@cheninblanc 2 жыл бұрын
2:40 "You cannot go the bank right this second and withdraw all your money if you wanted to" Me having 500 euros in my bank account: I'm 10 steps ahead of you😎🥴
@justanothervagabond 2 жыл бұрын
Damon! You asked at the end why we follow you and I was thinking right before that (coincidentally) about how important channels like yours are to my sanity. Yes, your channel is entertaining and your personality keeps us coming back for more. Of course. Your channel is great in general. But in my opinion, it's so important that I watch videos of people traveling and following their dreams abroad in order to stay motivated, inspired, and frankly to feel less alone. I've done a lot of traveling in my life and agree with the sentiment that you can just be happy somewhere in the world on a $10 bus. Not everyone feels this way and it can be really hard to connect with people who share this mentality, especially depending on where you live. Any time I return to the States, I realize that I've gone from being surrounded by people who understand me to being surrounded by people who have given up trying to see things from my perspective at all (or who never bothered to even try in the first place). Watching videos like yours helps me remember that I'm not alone and that there are people out there with similar values. So, thank you for sharing your experiences with us. You're able to provide a bigger sense of community, which I would consider invaluable. Very grateful for your channel! P.S. After the past two years of staying home, I'm excited to be taking a month-long trip to Brussels and to start feeling like myself again. I feel out of place without travel, so again, thank you for helping to fill that void recently!
@zoemcleod5998 2 жыл бұрын
Yes so much to this!
@raiha1425 2 жыл бұрын
Yes yes me too! I have traveled the world but live in the midwest and it is SO weird coming back home because people here simply cannot relate to that nomadic mindset. I find that I can only truly connect with fellow travelers/ open-minded people but they can be hard to find around here..
@justanothervagabond 2 жыл бұрын
@@raiha1425 I relate ENTIRELY. I also am from the midwest. hahaha They don't make it easy for us to find like-minded individuals here 😆
@raiha1425 2 жыл бұрын
@@justanothervagabond right! We need a way to connect with all the travelers
@leahsfieldnotes 2 жыл бұрын
THANK YOU FOR THIS
@TheNinjapancake14 2 жыл бұрын
Do you have a video on similar topics?
@g.mariethatsall 2 жыл бұрын
The finance class everyone needs, can understand and doesn't put you to sleep at that. Mad props.
@andreathegreat7765 2 жыл бұрын
TRAVEL IS THE ONLY THING YOU BUY THAT MAKES YOU RICHER! Very best wishes!
@kulaulpa 2 жыл бұрын
So much great ~not financial advice~ in this! Since your audience is mostly young people, I would just add that everyone should really do their research on both sides of the issue before investing in something unregulated like crypto. I totally agree about the potential of the underlying technology, but unfortunately the current landscape is much closer to investing in an MLM. A good rule of thumb: don't invest in crypto (or anything!) just because your favorite KZfaqr, actor, or tech billionaire says it's a good idea. Stipulated, everyone can and should do whatever they want with their money, but be smart and keep your head on a swivel.
@tenoki 2 жыл бұрын
Straight FAQs!
@thisandthat0000 2 жыл бұрын
you are such a TEACHER, a caring one. You explain things amazingly! Huge thanks for sharing the knowledge with everyone!
@thepurplepalace85 2 жыл бұрын
ok I haven't sat down to start watching yet because I know I need my journal to take NOTES but thank you in advance for making this boo!!!!!
@damondominique 2 жыл бұрын
And you got my number if you've got any questions!
@abdulqadirqadri4774 2 жыл бұрын
What you missed in this video is that majority of what you're talking about is only specific to americans finance/tax regulations and wouldn't work at all anywhere else.
@adrianfp 2 жыл бұрын
Fair point, however, though I am Canadian, I find that I’m able to contextualize most of the American-specific advice and information Damon offers. Yes, Canada and America are quite similar culturally, but not necessarily in the ways our governments operate. But let’s be real, he has firsthand experience with the American system and has an assumedly majority American following-it just seems natural that it’s his frame of reference in this video.
@yuzan3607 2 жыл бұрын
Yea exactly. I'm always completely clueless when it comes to my country's laws. I just put my money in the bank for now.
@eveeehr 2 жыл бұрын
The tax stuff is fairly similar in Australia too
@arayasimms1607 2 жыл бұрын
ya’ll I’m 17 (high school obviously) and I did economics and accounting so we did learn abt taxes and how the government is involved in it but now I know the nitty gritties of it cus Damon really puts it into perspective in how it affects us normal people. The government seems shadier in retrospect, we were really out here not questioning the system 💀
@cesarsanchezgutierrez3064 Жыл бұрын
The education system is funded by the very same people, look into that as well lol. It really is us versus the system
@shellykorol3710 2 жыл бұрын
This is just amazing Damon that you are still even more than 24 hours since the video was uploaded answer and like questions ♥️ that's much more beyond self employment!
@1tecito 4 ай бұрын
I was able to translate almost all of it to the Mexican tax system, thank you so much
@ipsilonia 2 жыл бұрын
this video brought a tear to my eye. truly. i'm on this same financial wellness wave and i feel so grateful for all the things you broke down in this vid. from making videos about traveling on limited coin to THIS VID. *chef's kiss* thank youuuuu
@lilacdoodz 2 жыл бұрын
Damonnnnnn. I still can't believe your videos are free, thank you for sharing the things you've learned. I appreciate it so much!
@emilychristensen4235 2 жыл бұрын
This is what we need, cheers to all of us getting good at everything this year
@kianahadjibagher8301 2 жыл бұрын
It’s not so much “gambling” if you invest in portfolios that have been diversified enough to lower the risk. Because when you combine high and low risk assets, in different market situations they balance each other out (Ex. S&P 500)
@Angie_suv 2 жыл бұрын
The problem is that the riskier the asset the higher the potential gain and the lower the risk the less you’ll gain. Still gambling imo
@sockpant 2 жыл бұрын
i literally start my first job next month, so this is soo helpful! i love the ethical options. i rly wanted to just disregard finance since its soo cringy and convoluted, but i cant avoid something that will affect me forever. also i am going to europe for the first time (just france) this upcoming week. u inspire me so much!!! thank u damon
@sinscape6023 12 күн бұрын
I have learnt more from this video about money than from my entire stint at the Big Fours and my university education.
@netoceribelli 2 жыл бұрын
Although I already knew most of it you made that one hour video go by so quickly and smoothly - I love your humor and honesty. Keep smashing it Damon D!
@alice688886 2 жыл бұрын
Damon, I could watch anything you speak about. This is the most creative and thoughtful finance video and YES to being enriched as well as rich... to a well lived life.
@brian123rules 2 жыл бұрын
bravo (from a finance major who cannot stand finance), this video virtual gold. I also cannot wait for your French workshops to launch !
@ayaelzakzouk2943 2 ай бұрын
if I had videos like these for my finance, micro, political science finals I would've killed honestly, you're so real for the "why not simplify and make it accessible?"
@workofivory 2 жыл бұрын
Damn this was an amazing video. And this is why I follow you Damon! No BS and I just love your creative mindset. You’re also unique- you don’t follow the trends or what’s popular. I also live vicariously thru your travels haha. My philosophy on money is that it comes and goes, so like you, I get we need it but I try not to be obsessed with it; it won’t follow us to the grave. You really have to figure out what you value in life, and for me that would be experiences. I’ve watched several financial vids and as an American, you’ve just taught me that the tax code is so arbitrary 🤦🏻♀️ as in everything in the US it seems… best to learn and stay ahead of what may come. Anyway, I’m not a huge risk taker and I’m lazy, so this is what I’d do: 1. Save for emergency fund 2. Invest in mutual fund or ETF 3. Retirement- get a Roth IRA 4. Get real estate- own some properties (own homes, stop paying rent) 5. Check out crypto currency 6. If you have small-moderate student loans, there is talk about Biden waiving 10k. Don’t know if that will happen but since loans are in deferment period, I’d not invest in paying back right away. If you have a huge sum to pay back, talk w the loan company about repayment plan and I believe they can make “affordable” monthly payments with you. But again, I’d do other things listed first than pay this back right away. If anyone has advice about crypto, lmk?! That’s a whole new world to me.
@iza1405able 2 жыл бұрын
My favorite financial class ever, thank you !
@vivekmenon795 2 жыл бұрын
1:05:02 'In a way you see yourself in me" We love a self-aware KING
@twyntia 2 жыл бұрын
Ugh this video was genuinely soooooo helpful, but that “I’m getting good at everything” is what really did it for me
@VathayYaing 2 жыл бұрын
I too, do not like to operate my life on a scarcity mindset and at the same time want to play this simulation rather than wasting time getting cynical about it. This video was both structured and all over the place and I love it. I feel like this is how my brain operates.
@mnaoitb1 2 жыл бұрын
the timing of thiis video is COSMIC!!!!! THANK YOU SO MUCH DD
@kirstenwongie 2 ай бұрын
Watching in 2024 as partially self employed. Incredibly grateful to you. I’m ready to make the jump to get a CPA and start my S Corp 🎉
@johnmones1450 2 жыл бұрын
I am definitely a devotee of yours and your channel. This vlog was a combination of high finance and speed dating. That’s why I saved it for future reference. Your distillation of tax codes, investments, retirement accounts with a dash of philosophy is invigorating. One of the best lectures I’ve heard in or out of school. Thank you. 👍🙏👏. BTW sipping on champagne 🍾🥂 was a nice touch🤪
@laetitiabecker6920 2 жыл бұрын
"Im getting good at everything in life." cheers to that :)
@cornellcornell1 2 жыл бұрын
When finance people discuss “time in the market” and compounding interest the time horizon is greater than 10 years. It’s about ensuring you have enough money by retirement you need to look at it around 30 years. That’s when the compounding truly takes off and the amount of money you earn is significant. If you’re just looking at for the short term then yes it is not substantial The most valuable tool a young person has is time. Start investing now so that your retirement is secure.
@sandsmarroquin 2 жыл бұрын
This video is PURE GOLD. 🤯😶❤👌 Thank you so so much!!!!!!!!
@jadegina3735 5 ай бұрын
i keep coming back to this video bc of how much I think about it. truly so profound
@meg7221 2 жыл бұрын
When I needed you the most, you delivered. I have been legit stressing myself out in my early 20s tryna figure this shit out 😭 whilst also switching careers for.... the 3rd time
@msalgadomusic 2 жыл бұрын
YES to the sponsor! I could not have watched this at a better time! I was just talking to my husband about wanting to travel the world and learn another language - French to be exact! It makes me much more comfortable knowing YOU are teaching it!
@dreamygirlofheaven 2 жыл бұрын
Damon idk how you do this but it always seem like a casual chitchat but ends with me pondering my life choices so hard. You have literally changed my life yesterday with one sentence and now I’m here like oh wait I can’t even watch this all at once.
@JaJaHerSelF 2 жыл бұрын
I read " a finance masterclass" and was like nope not in the mood for that, two days later I read the full title and here I am halfway into the video and enjoying every bit of it ps: happy 420k subribers B-)
@roxanna1043 2 жыл бұрын
this is embarrassing but I literally just got emotional after watching this bc I feel so grateful having someone like damon as a mentor and role model :’) like I’ve never been able to relate to someone’s philosophy on life more!! Merci beaucoup!!
@marie.f 2 жыл бұрын
this!! he’s one of the very few creators that I’ve kept up with consistently for so long. I always learn new things and am reminded of the wonders of life in every video. such a ray of light honestly!
@sandraarriaga832 2 жыл бұрын
Not the only one 🥹
@sage1021 2 ай бұрын
Back to this video 2 years later and happy that I understand more of it now!! Woo progress! Thanks damon ❤
@hafsa5068 2 жыл бұрын
This approach was much needed thank you!! (I don't know if it was you admitting that none of it makes sense or the laughing that made me feel so comfortable.. probably just hearing it from you) Also cleaned out my entire closet and dresser while still taking the majority of this in, I am perplexed.
@brennapeterson6489 2 жыл бұрын
Damonnnnnn, I mean come on you are serving us the info on a silver platter. Your content is always so informative, well produced, and suprising. Thank you so much for this video. Damon for the people!!
@jordancastillo9654 2 жыл бұрын
will forever be my favorite KZfaqr I can hear your speak for the rest of time
@SquareRootEdgeUp 2 жыл бұрын
This was by far my favorite video you've put out - thank you so much for sharing! Wow... taking STRAIGHT UP NOTES!
@libellulareading8859 2 жыл бұрын
Hey Damon, this video was incredible. Thank you for taking the time to talk through all of these things slowly and surely. If you have the time and resources, I'm sure others as well as myself would love to see more videos related to finances and budgeting.
@blaba8812 2 жыл бұрын
AN HOUR LONG AND ALL OF THIS FOR FREE, DAMN DAMON thank you for all the good content thank you!!!!!
@arvonaps 2 жыл бұрын
LOVE THE WAY YOU SAY IT!!! Straight up!
@bielieberr4ever 2 жыл бұрын
I’m a long time subscriber and I’ve always loved your videos because I think you’re hilarious and your lifestyle and way of thinking is super inspirational but holy crap I appreciate this video so much!! I was very much born into (relative, California) poverty wherein there is no generational wealth that I know I can depend on (I.e., I’ve never lived in a house and both of my parental figures are honestly not the best with money). I’ve never had someone in my life who knew enough about money to help me get ahead either so it’s been really hard for me as I’m trying to become financially stable in hopes of eventually creating generational wealth for my future kids and grandkids etc.. that being said, I’ve tried watching the finance bros on KZfaq talk about all the stuff you were talking about in this video and it straight up goes right over my head. They never simplify the concepts and always use that finance jargon that really only makes sense to people who have some sort of grasp on the topic already. This video was super helpful while still being engaging and entertaining, and I learned so much from it! Thank you so so so much and I hope to see more content like this going forward, not just from you but from other creators as well.
@marishu4193 2 жыл бұрын
Hi Damon thank you for making my weekend better by posting , post more please
@drebugsita Жыл бұрын
Thank you, thank you, thank you! I was not raised with any info on finances and lord am I paying the price. Yes, there are others on YT who cover finances but this is the first relatable, informative, and even interesting video I've found on it. I am overdue for starting my own LLC, have never invested, etc and have now opened a window to look into Charles Schwab. Adding getting a CPA next...
@imanfarooqi5464 2 жыл бұрын
my first time watching you - i LOVE your energy. the positivity is radiating. found this video very useful as well, you explained this shit well 💙
@sarahwotaszak563 2 жыл бұрын
Omg SPANISH COURSES!!! I’ve been waiting!!!🤩🥰
@leahsullivan5751 2 жыл бұрын
this is SO helpful. I'm self employed & feel you about the 7 accountants. I'm on my 4th and they all give different advice!
@UnFamess 2 жыл бұрын
Loved the video! Thanks for breaking it down. I can’t wait until the Spanish course!
@siancatherine 2 жыл бұрын
this video was SO needed, thank you Damon!
@emvu 2 жыл бұрын
yes yes yes. this video resonates with me so hard. every single point you said hits the nail on the head, especially the last part about your philosophy on money. this is why i love your content!!
@mervealsan6782 2 жыл бұрын
Hey Damon, thanks a lot for making this video! I can imagine how much time and research must have gone into it but it'll be very valuable to many people! When I saw your video I got super excited because I'm also living in France and everything I read usually explains it for Americans and I was hoping you'd also give some specific tips for expats living in France. But this video is also a bit like that so I was wondering if you could do another video on France specific finance topics such as which platform is better, what are some other investment options here, how are we getting taxed on investments in France, etc. There is really not much content on this and I think it'd be super useful specifically for your audience. If you ever decide to make it, know that at least one of your followers is really looking forward to it!
@mikaylachristine8885 2 жыл бұрын
I have been watching your videos since D&J days & I am always so inspired after watching each video. Love it and you!!! See you down the road!!!!
@twinkletwonkle9404 2 жыл бұрын
This video is amazing! I completely relate to your relationship to money
@maxinecampbell4702 3 ай бұрын
I watched this video about 9 months ago, and decided to start a brokerage account with $1,000. I just let the AI pick what to invest in, and since then, I've made $50 by doing absolutely nothing :) thank you for making this simple and understandable!
@elenac2178 2 жыл бұрын
You bring me so much joy.
@jezunderwood1466 2 жыл бұрын
UGHHHH DAMON I'M SICK OF YOU!! HOW DID YOU KNOW THIS WAS JUST THE KINDA CONTENT I WANTED FROM YOU!?!? THANKS BESTIE
@emmamlis927 2 жыл бұрын
Would love more videos like this about money and finance because you make it fun to learn things I’ve never wanted to learn before
@akankshasurya7199 2 жыл бұрын
The fact that I wouldn't get to learn all this as an Indian middle class girl, if not for youtube. Great videos. Thank You
@vs2956 2 жыл бұрын
Yo, Damon - this was so clear and concise and easy to understand and now I'm ready to open a brokerage account and learn more about how to invest. Lowkey gave me confidence to get started because it's not from scratch. Really appreciate you taking the time to make this video.
@achillendimond2124 3 ай бұрын
I spent a while pondering why (besides the gov being owned by corporations) a government would give a shit about consumer boycotts.....then I remembered that between state and federal our sales tax in Utah is nearly 8%. It all made sense after that. They don't care what you are buying as long as you are buying. There's only so much they can tax income, but sales tax is something we opt in to, we only pay as much as we purchase. A boycott, or movement like minimalism, which encourages people to not buy threatens what the government sees as a "stream of income"
@nataliegrant3215 2 жыл бұрын
I follow you Damon because you just give off best friend vibes that's always there to make sure to remind you that we're here for a good time and a long time 😍
@chantalperets8889 2 жыл бұрын
You’re amazing for making this video. Thank you for sharing this info!! 🔥🔥
@abrilri4633 2 жыл бұрын
Damon I could hear you talk for hours. I really enjoyed your take on this topic.
@viewer1338 2 жыл бұрын
U did a good job w the stock market and made me understand more how the us fight over taxes all the time bcus those taxes sounds crazyyyy
@1rockqua 2 жыл бұрын
this is how my brain works, I am so happy to hear it repeated back to me by someone smart!
@bearbabe135 2 жыл бұрын
Amazing job Damon!!! Explained so well 👏🏾
@adriannajensen1228 2 жыл бұрын
This is hella informative, thanks so much Damon ! 😋
@MatildaRose_01 2 жыл бұрын
omg thank you sm, this video is amazingggg Damon!!!
@bumpinthat 2 жыл бұрын
thank you so much for this! I absolutely love this
@katyakarat 3 ай бұрын
You're amazing and thank you so much for this video!
@AY-ln1mk 2 жыл бұрын
So good you’ve figured this out. I know lots of people who say they’re too confused to learn to navigate that, and I can’t feel sorry for them for not being able to make ends meet. This is like health and fitness, you owe it to yourself and your family to figure this out once and for all
@TheXRClub 2 жыл бұрын
thank you for sharing your knowledge and taking the time to create a staple for the community!!
@yes_eu_can 2 жыл бұрын
THANK YOU FOR SAYING THIS IN A WAY MY BRAIN CAN UNDERSTAND.
@im.m 2 жыл бұрын
thank you so much for this video i can litterally feel your frustration with you
@paulineswenchow4751 2 жыл бұрын
Ah I needed this desperately in my life. Thank you so much
@Melissa-kq4ss 2 жыл бұрын
The Simple Path to Wealth is a great book!! Highly recommend
@damakhif Жыл бұрын
When you said "I think you guys dont get that" I was indeed confused but then you reexplained and I got it, thank you.
@Danonechik94 2 жыл бұрын
They should show this video in schools and colleges. The best explanation I've seen.
@ranaibrahim1874 2 жыл бұрын
this was super helpful and straight to the point ! thank youuuuuuu 😭
@nataliefrohmann5715 2 жыл бұрын
Thank you. Literally just thank you .