Yeah I fully appreciate the frugal side of FIRE is full of good tips! I tried to be balanced and point out that frugality is in my opinion a good thing and something people can enjoy.. But I can see on reflection how the use of those clips makes me look 1 sided. I would actually call myself frugal. I think I just went for the easy laughs and should have taken a step back to consider that it looks as though I am implying cooking lasagne in dishwashers is the only way to be frugal. I will pin this comment so others can see this perspective as I think it has value.

Not have money worries for two years but what about the rest of your life

​@cashkitty3472 I think they are talking about an emergency fund there tbf. Within 2 years you should be able to find another job etc. After building your emergency fund then invest for future passive income

Salutations, dude. At your age, you're doing extremely well. I'm 54 years old, and right now my finances are a mess. Any helpful advice would be greatly appreciated in helping to mold my life. I want to buy a home of my own.

It appears that I organized my money using the FIRE movement. Investigate it more by performing some study. They were then successful at investing in equities, cryptocurrency, and real estate with the aid of a financial expert.

Very similar situation here, 42, paid up house, looking to f.i.r.e. at age 50

I encountered Julie Anne Hoover through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.

@@danieljackson87 I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Amanda up and send her a message. You've truly motivated me. God's blessings on you.

Yes for sure I made sure to clarify that point in my video as I think a lot of people get that wrong

Exactly!

Hi buddy, I couldn't say it any better. I'm part of FIRE community and this is the best thing that have crossed my way ever. Luckly I was debt free so didn't took that much to save and invest lots of money. Can completly stop working and live off my savings/investiments for about 6 years with vacation and hobbies included. I have the best sleep every single night and I'm not afraid of my employer at all. I'm not scare to lose my job or cover an unexpected emergency bill. I'm only 35 year, but pay say that I look 25. My brain has no financial worries so, I'm able to be more productive which helps a lot. Keep up the great work and don't let the anyone discourage you.

Love this! FIRE is a gateway to investing for so many. Thank you for sharing Alison

Love this perspective so much! You are so right. I’m not gonna lie I did enjoy the 3am walks home! Just had to watch out for the canal pusher

@@DamienTalksMoney the occasional stop at subway or taco bell around Deansgate were also fun on those walks 🤣

@@KohrakGKOHit was Dixie chicken for me! Happy times

Haha! Perfect, actually makes sense which is a great start

This is such a good comment Ross, really bought a smile to my face. Keep swinging the tassels my man!

Thank you! Good to hear this from someone who is part of the movement

It was always burning, since the world's been turning

This should win

You get a tenner for this, mainly due to the fact i have had the song stuck in my head for a few days... My contact details are in my BIO please reach out

Huge thanks. I have sent details to your Gmail account.

😂💀

Exactly! I could never criticise something that introduces people to good financial habits

I'm pretty... stoked... to find out who gets this tenner!

@@TC-hw7ng Hahah i gave it to three people in the end! Eamon, Curt and Zeztro as all had similar numbers. Your pun was pretty good also! So good i nearly missed it haha

@@DamienTalksMoney Nevermind- Lava good pun anyway. Great content too.

Welcome back mate! Great to see you. Really appreciate you coming back to the channel after a bit of time off. Hope you have been well Damo

The embers one is genius! Curt you have smashed it here mate

Well played, Curt. You're extinguishing my chances of winning!

@@67eamonn I think I’ll pick a few winners. I have been blasting billy Joel all morning. So that has got to be worth a tenner

@@67eamonn I’m not sure I agree with that, your comment has tickled me 😂😂😂😂

Not the most liked. but i appreciate the effort so much, you can have a tenner. My contact details are in the About section of the channel page. Email or insta me and we can sort you out

Yeah! Hahah makeas me laugh when people call the movement out when its just, spend less than you earn and invest the difference..

Improving income is so much fun! You are spot on, being frugal can be very boring

Hahah Neil! I love this because it makes sense.

Thank you so much mate! Such a compliment

Thank you Richard! I could watch Dave Ramsey shouting all day long.

🤣

Better still, triple glazed or double glazed with secondary glazing. Cuts out noise & drafts.

This is the most liked! Well done. My contact details are in my bio section. get in touch and i will sling you a tenner

Hi Dave! Thanks mate. Hope you are well

For some reason Clare, the cleaning never seems to be sorted 😭

Yeah the FI part I am chasing myself

Haha love this comment! You legend, thank you so much mate

Thank you so much! Glad you liked the content

Yes indeed! Financial samurai who i mentioned in this video retired with 3 million in the bank in his early 30s, he then returned to work when he realised it would not be enough

I mean of course I like this one! haha

Yeah at the end of the video I say to many it is a gateway and light bulb moment for those who stumble across FIRE, so I completely agree with you on this point.

The fact you enjoy your job is amazing! Congrats on your solid plan for retirement.

Haha yes!! Well here I am mate, thanks as always for watching buddy

My man Conor! Thank you

Thank you Steve!

Great to hear i could help you get started and thank you so much for watching.

🤣🤣 it isn’t up to me it’s up to everyone else with the likes!

Haha yes the Bury line! Gets a bit wild on there some times.

Love it

New Fahrenheit!! Haha legendary

Haha well done Robert

Also mate yes on the tram life i would cycle 45mins in to central manch just to avoid that fuckin ridiculous cost

You are welcome mate! thank you for watching an commenting. WHY IS THE TRAM SO EXPENSIVE!!!

FLAME TO PLEASE!!! 😂😂😂

Perfect! Great you have the balance of both

We are all chasing lost time mate!

Ffs I didn’t leave it in the description I am sorry! If I ever find it I will let you know

I realise your comment is old but as someone in FIRE I would gladly throw away my prime earning years as you put it for prime living years. You want to work until you are 67 so 3 years before 70 when the likelihood is your health will start to drop significantly. Consider being able to travel in your 40's compared to your 60's or 70's. Money isn't everything.

Hahah thanks for the feedback mate! I’ll turn it down going forwards. Really appreciate you letting me know

Thanks Emma!

Hahah I search far and wide for the clips! Glad you like them. I would say if i was any of the FIRE it would be Fat. I save hard but want a very comfortable retirement and to not be frugal

Great to hear you prioritise income over frugality and that your children are a key part of that decision. I think we should teach kids to be sensible with money. But I wouldn’t want to inflict extreme frugality on mine.

What passive source of income do you have?

@@elizabethroberts4860 Property and Crypto. You can transfer your money into a USD stable coin and get a 12% annual return on your money. I don't earn enough to quit my job yet, but it's a start 🙂

@@CiscoPhipse how well has the crypto investment aged? 🤔

@@mattthompson8657 Personally, the value of my portfolio is down (a lot), but my holdings (how much crypto I have) are up. I was DCA into ETH, but now just DCA into BTC. I have also discovered premium bonds for risk-free savings.

I will add this to the list and make it soon mate!

Exactly!!!

Only just seen this Iain! Amazing thank you for getting involved.

Thank you! Glad you think I am keeping it fresh

Thank you for subbing!! i will for sure make that video and ad it to my list

poo face for the win!

Thank you mate!

I use both, I max out the contribution my employer will match I then invest the rest in my isa

You are too kind, thank you so much!

Better lyrics than the original!

Yes, live life fully. Doing that doesn't have to equate with being spendy. Part of the FIRE movement as preached by Mr. Money Moustache, is that spending all your income & living paycheque-to-paycheque is not living one's life fully. Looking back at my own life I see the best financial thing my bride & I did was start saving & investing in our 20's. We weren't extremely frugal but did make an effort to save. In our 30's & 40's we saved less while raising a family. Our earlier saving took away much of the stress of having careers with little job security as having a nest egg makes one less of a wage slave. 'Time in the Market' and the longer-term benefits of compounded growth really worked for us. All the best to you!

What a comment! The last line should be on a t-shirt

@@rossmacintosh5652 There one thing that FIRE have to presume but which isn't guarantee that they will be healthy enough to enjoy later life.

@@DavidKnowles0 Hows that any different than anyone else? None of us know how our health will be in the future. That said, wouldn't it be more reassuring to have a big stash of assets if & when you do get sick, vs. having none & being dependent upon a job for your income but you can't work because you are getting too sick? The person who saves & invests has far more of a safety net to deal with an uncertain future than the spendy person who lives for today and leaves the future to take care of itself.

Hi Charles, Thanks for the feedback. Can you give me some examples please of ones you think are clickbait and have not worked? would love your input here. I would say to this point, I do collect a lot of data on this from the back end of KZfaq and it suggests the more sensational the title the more clicks you get. I have thus far 67 data points to attest to this.. If I title a video how to do X... It wont get viewed, if I title it .. You wont believe what X has done to my life... it will. If the tone of the title is negative it will do ALOT better. Titles and thumbnails tend to follow the clicks and clicks are a reflection of very basic human desires and emotions, for the sensational and to be entertained. We see this in the news, on our feeds and just everywhere around us. Clickbait is not exclusive to KZfaq, it has been refined and mastered by commercial media over decades. People say they want one thing but the data shows another I find. For example this video you are commenting on has the word Hate in the title. A strong emotive word.

@@DamienTalksMoney Hi, Damien, thanks for the reply and sorry for the lateness with mine. Prepare for an essay of shit-housery where I say a lot but have no hard evidence for any of my theories, just plenty of speculation and analysis. First, I'd like to say that I'd be glad to really get into it and breakdown the titles and subjects further in terms of viewability, but the comment section is probably a bit too passive and limited for kind of discussion (though it could be something we could actively explore in the future). I understand the data loosely: the sensationalism, the negativity (train wreck phenomenon), phrasing etc. I don't see your data first hand on my end. Something the stats will likely not account for is motivation. I did click this video as an active decision. I clicked when I read "(Financial Independence Retire Early)", I did not consider clicking when I read "hate", not even when I read "FIRE". I did not know what FIRE was, so when you promise me that I'm going to learn about something, you get me to click. Now, if your channel is one where you talk about sleeping with celebrity twitch streamers; do reviews/ unboxings; list your top 10 poops; give away obscene amounts of money to random people in public; I might say, "sure, do those clickbait things", but I can't see it working on your channel from video to video because you're providing niche content with the aim to inform, not sensationalise. And your viewers are specific people, interested in personal finance, investing and what to do with their money - THIS is why they are here. Looking at your video views over the past 6 months or so, I can see there is a wide discrepancy in the views whether or not you use those clickbaity devices, so it's hard to say which factors apply to your channel. Here are SOME things I think people are interested in: - Specific topics they ALREADY have some prior knowledge about and interest in, where the titles promise information on the topic (Vanguard UK app and the fact that THERE IS NONE, lots of people will be wanting to know about this and will likely be a common search; Stock market crashes and what do to; Inflation and what to do etc.). - Honestly, I genuinely think that's one of the strongest common factors! Others exist for sure. Here's SOME reasons why I think people will not click a title (on your channel): - Large open-ended subjects with no prospect of specific information (What will Bitcoin do next?; Stock Market is rigged, of course, what else?) - You are not hitting your demographic for return viewership (Investing for our children, we're probably not parents yet, title may pay off in 5/10 years; pay less fees on coinbase, probably not coinbase users etc.) - Specific information about something viewers are NOT interested or familar with (Coinbase, IPOs, JISAs, investing in space) - Questions that are relevant but whose answers may already be widely available or covered by other KZfaqrs (Bitcoin related topics) Now, this is all just theorising based on what I see on your channel, but like I said, I don't see the stats behind the scenes. Something I noticed is that you actually have a huge amount of views on the first series of videos you did a year ago. They are all kinda long-form videos on general financial topics that promise PLENTY of general information (which is needed at that *level* of experience) for a demographic that pretty much includes everyone who has paid a single intention to save or invest. So if your goal is to expand your following, try that again: "I'm turning 16/ I'm turning 18 - How do I start investing?". This is not always topically relevant to your current demographic, but would serve to expand your demo, as people are pretty much always turning 18. The parenting one with the JSIPs actually seems like a good topic, but maybe didn't catch the search algorithm or maybe actually needed a bit more clickbait. If the intention is to get existing followers/ subscribers to click, then continue with the topical, information-promising videos. Here are some clickbait remixes for my own fun... "The worst investments I have ever made...." -> "I Lost £69k on These 4 Investments!" "Why I avoid IPOs" -> "Want to OWN Bumble? Here's Why I Avoid IPOs" (I actually had to click the title and watch for that one!) "Should we all be investing in space?" -> "Here's Why We Shouldn't Be Investing In Space Exploration" (I'd also dare to suggest keeping lesser known topics at less than 8.5 minutes) I'd be happy to talk more about this actively to theorise and discuss videos one by one over discord, for example. I don't make videos. I don't have full belief in what I say, it just makes sense and is reasonable to me. Crucify me for the length of this comment, this may be the longest reply I've EVER written on YT - your welcome.

I am glad to hear you agree mate! i think we become the habits we set for ourselves and i see a lot of examples of these very frugal people who struggle to break those habits in the same way show me someone who works 100 weeks who can then flip 180 and just sit on a beach all day... it is not in their nature

I will do one on an ultimate portfolio.

@@DamienTalksMoney Thanks for the reply, would be really interested to see what good old Vanguard portfolio you think is best! 👍

Hahah! If the car brings you joy mate. Do it! Just accept it is not a good investment.

@@DamienTalksMoney Oh yeah 100% accept that

They factor in inflation in some of the calculations yes, but alot of people who FIRE early seem to go back into work when their lifestyle changes, namely kids and healthcare.

Typical fund growth over the long term is 7%. Inflation averages less than 2.5%, which is why they suggest drawing 4% to keep the fund rising with inflation. This is too simple a way to look at it though because if you retire just before a period of an underperforming market the fund will fail. There are several strategies that you can employ to get around this problem though. And when a market drops, it always recovers inside 2 or 3 years. This is why some people say to keep a couple of years of your chosen 'income' in no risk savings accounts that you can get at if needs be. That works if interest rates are high, but if they are low, I'll probably employ a different strategy.

When I remembered it I was so happy. I love that woman

Yes I will!

Amazing insight mate! I am frugal because of my upbringing also and have nothing against it at all. Well done for establishing yourself in a country you were not born in and i hope you love Scotland. Such a beautiful country

@@DamienTalksMoney i do love Scotland but i also love the North West of England where i lived and made/left some Good friends. I miss my Salford Quays Family ;)

Thanks buddy!

Let me know if you find any good income sources!

Spot on mate haha

Thanks mate!

What this guy said! 👆😂👌

Thanks guys!

Hahah well done Ian!

What a compliment that is!! Thank you. If you are thinking long term and use something like an index fund that I talk about a lot. Then it really isn’t as risky as you think

@@DamienTalksMoney thank u X

Thanks buddy!

Yes!!! Love a takeaway driver. I now always tip when they come to the door. Got to pay it forward for the hustlers.

Thanks!

Haha yes!!

Haha thank you!

Hahah i got my savings cooking to mate

Thank you so much!

Legend Kieran!

Honestly i invest every month and I never wait for a dip.. I have tried that in the past and really missed out on some good years of investing. If you are thinking long term that short term pricing should not be of great concern.

She was just shaking it for a dollar.