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Damien Being So Clever....I Calculated it years ago. GOD has put them piggyback on you If you try to mke distance you ;ll have to drAD The Retards. It as gravity Law
Started investing in a stocks and shares ISA after watching your channel in 2021. Got my partner into it to, and also open Junior ISAs for my two kids. We now have savings that we absolutely wouldnt have had if it wasn't for you starting the channel mate. Just want to say thanks and keep up the epic work 🙏🏽
I started to suspect this in my thirties. Now, in my sixties, I've given up trying to get rich as I now know it doesn't matter. What matters is that you have enough. You articulate this very well in your videos Damien and make people, especially people starting out in this crazy world, feel better and more confident. Thanks.
The wealthiest person I knew (who would have no doubt been on the right of your tape) used the word "luck" a lot. He knew he was lucky in business earlier in life, but more importantly, he recognised how lucky he was to have a wonderful life and beautiful family.
Im 30 from the UK, I earn 3x the national average salary as an employee, bog standard gcses, 3x passed and failed A levels. I have said this for years, I am not at all special. I have just had an amazing run of 'right place right time' for the last 10 years. Its really unbelievable, and sometimes I sit back and genuinely worry that 'one day, my luck will run out!'
I’m sure there’s some luck in there, but also ask yourself. Are you an optimist? Confident? Do you take a step forward or hesitate? Do you like challenges? Chances are, your personality and attitude are getting you the opportunities. Give yourself credit.
I don't work at all and still have a decent family income thanks to my husband. You could say I was lucky to meet him and yes I was but I worked hard to increase my chances of meeting him and was on multiple dating sites both paid and unpaid and active every day. Luck is just part of it! You also did something right to earn that money!
I don't think it's luck at all but rather wisdom in the form of applied knowledge - Knowing when to say 'yes' and, importantly, knowing when to use caution have been huge factors in my mild but above average success. I'm never going to make millions or billions, I'm not smart enough - I just learnt to move through life quietly and safely
IM 74, I know everything you say already. I watch because financial knowledge is basically simple, im impressed with your clarity, and I need reminding its simple - so I dont do something stupid one day.
This is great. The missing piece, however, is contacts, some of which develop from being outgoing or organised. But others come from family, culture, school, and the fact that contacts often value/help other contacts because they see them as useful, which in turn stems from their existing weath or position/contacts. Since you've become this successful, Damien, I bet you've noticed how much more helpful a lot of people are.
Im glad Damien admits it, because I don't see many people admitting that the main factor to success is luck... Being at the right place at the right time. I feel like hard work would matter more if nobody else was working as hard as you, but in todays economy it seems like everyone tries the same as you and is in the same position as you. It's as if there is no differentiation apart from luck
Being rich is relative, to a homeless guy, a man with a home is rich. To a millionaire a billionaire is rich. I consider anyone earning over 100k a year rich but they probably wouldnt think so.
I know you mentioned it a bit, but generational wealth has got to be a HUGEEE factor, it surely surely changes everything, from every business risk you can or can't take, to not having to get a second job , to getting on the property ladder etc
100% at the end of the day even middle class people have a massive advantage over real working class people in the form of help from their parents whatever that may be, living rent free, help with car, help with deposit for mortgage, just not being in debt by the age of 19 because they’ve been taught not to and because they don’t need to be. I couldn’t have afforded to go to uni even if I wanted to, which I didn’t but that’s another story. Those with generational wealth have life so easy they don’t even realise. Imagine being able to invest whatever in a business on a whim and knowing if it fails you’ll just….try something else. Having not to worry about clothing, food, bills, car, houses. Having the contacts to make things happen quickly and efficiently.
My old man used to always say "it's better to be lucky than good". Sometimes you just have to be in the right place at the right time. But to be successful you always have to put the work in. Luck is the multiplier of the work which will get you there.
Definitely! -Always play the long game. Provides space for the decisions you make. -Lower expectations. -Compound interest. -The risk you will take is spread over the long term, do not have short term expectations. Avoid -If you have achieved high returns in the short term, you are in a dangerous place. This will make you arrogant and egoistic, in fact you will lose the game. Check: - Monetary policy. Don't worry, when it is high, many people cannot make money or bankrupt. You are not the problem
A lot of what people call luck in career growth is actually being someome that isn't a constant pain in the arse to be around. No need to try to be everyone's friend but simply being open and honest, polite, listening to people and just not having a huge ego will open a lot of doors.
Truth. Another issue I’ve seen is people having such an adversarial approach to their job to where, when they called off work, it was met with a sigh of relief. It helps no one when it requires a half hour discussion to get you to change workstations for the day so building maintenance can access a cable under your desk - certainly not your career prospects.
From what I’ve seen that no longer flies and you’re promoted based on 1) if you meet dei targets and 2) if the above like you. Back in 2019 I worked for a well known vehicle rental company, and there was a chance to be promoted. Most of us applied but the job was given to a woman who hadn’t a clue about most of the business including what we did, what anyone else did, the significance of those roles and what she should be doing. I had business experience and knew the company inside out yet didn’t get a look in. She was sent to us to get experience on our side of the business, first thing she did wasn’t ask us about anything or try to learn she went and washed cars which was contracted out to another company ie not even our job. Plus it annoyed the guy whose job it was because it put him behind schedule. Learned later on despite getting married around that time she was having an affair with someone higher up in the company. Area manager was a woman straight out of university who hadn’t a clue about anything too, wasted 80k a week on a contract in a car park a mile away for 5 spaces so people could drop off there, which was then our job to go and collect the cars, putting more load onto us and taking away the opportunity to go above and beyond by dropping customers off there which we earned most tips from. Call me crazy but what happened to it being the best person for the job?
Great work Damien! You are one of the best financial channels in the UK. Your content is excellent and simplifies complex issues for all to understand.
Great video - one of your best I think. Concise and hard-hitting. A couple of reflections: - darn right that the first step is financial literacy. The basics. Spend less than you earn. Time is the friend of compounding. Lifestyle creep and comparison is the enemy. Knowing that true happiness and contentment is in the simplicity of "enough" rather than the tyranny of "more". - your point about clever people funnelled into the professions also strikes a chord. Too much to lose when you've invested so much in getting the qualification, the job, the prestige. When you are comfortable enough, why rock the boat / take risks? Age is another factor - take fearless decisions when you are young, when financial commitments are low, the price of failure is not devastating, and you have the boundless energy and optimism of youth. - hubris is the enemy. As you note, luck is the primary driver, but it has to work alongside a certain humility / inqusitiveness to be truly exceptional. I feel that too many ascribe their success incorrectly to their efforts. - knowledge stacking is indeed the superpower. True insights are gained from connecting the dots. Be the polymath. Always look to be learning. Embrace the new (and discard if you have properly evaluated its interest and worth to you). - find your comfort zone and try to get just outside of it! As the great Orchestral Manoeuvres in the Dark put it so pithily (and before your time) "the more we learn, the less we know".
It's all to scale Damian. Finding your videos/channel was probably that 'lucky' moment that encouraged me to take control of my finnancial life. Keep up the good work mate!
You don’t have to be smart to be rich, I have friends that would destroy me academically, my maths is terrible and I can’t string words together very well when I try to explain. Yet, I could buy each of them and their properties 10 times over. What I do have is instinct and I can sniff out opportunity that others miss. I didn’t spend on frivolous things and I drive an old car and wear basic cheap clothes. Young people want to look rich by getting into debt to drive a Range Rover. That is your first error. Put your money towards an asset and take your time and don’t rush. You’ll get there.
It’s not as simple as all young people want to look rich with debt on a Range Rover though, at all. Driving an old car can be a false economy and especially if you’re in a position where appearances count for something. Can’t turn up for a potential client in a banger and break down outside their business or home, you have to look competent. Secondly there’s safety concerns with older vehicles too, don’t want to put a child in a poo box these days when others are driving 3 ton SUVs like idiots. I’m going to bet that on top of what you said, you also think that buying a coffee every now and again has young people in the black hole they are in. Nothing to do with the economy tanking over and over, housing market being astronomically inflated, inflation meaning their bills are 10x what yours were at their age, and limited opportunity in jobs and even business spaces considering how developed the market is. Add that news is always bad, the world is bleak and they have nothing to look forward to, why the f would they not spend a little on driving a decent car if they can afford it? Those who can’t afford it can’t get the credit to get one anyway..
The key to getting rich is understanding that almost all education we receive is conditioning. This is true with investing also. Most people are conditioned to follow the herd, to read the newspapers, to believe that BTC is a Ponzi scheme, that Microstrategy is a bubble. They invest in highly diversified piles of averagely performing rubbish and are content with a return that barely keeps up with inflation. Once you see through this you can get rich very quickly. My portfolio has quadrupled this year. It is an independent an open mind which gets you rich. Very simple. Don’t simply do what you are told to do.
Man I thought I’d just skim this video quickly, but this is an absolute treasure trove of brilliant ideas. Way, way beyond finance. Keep up the fantastic work.
Someone asked Gary Player (top golfer) why he was was so lucky with his shots, he replied, “the more I practice the luckier I get”. Or words to that effect! Hope that helps a mindset somewhere!
Making money isn't the same as practicing a repeatable skill like hitting a golf ball. He also likely had a lot of luck somewhere down the line to be in a position to be a top golfer. Hard to practice your rounds when you need to work 40-50 hours a week to earn a living.
@ I think you miss the point. He practiced he became good, his luck increased. He wasn’t just lucky. Like the man says on the video, you have to be skilled then take your risks otherwise your just a lucky crypto kid!
@ you still miss the point! Luck and hard effort. But some people are just lucky. The billionaire is not lucky he is in a community that serves various interests if you know what I mean as with most millionaires. Not if is will ever get there ever!
Damien thank you I really identified with the content which I thinks makes this one the BEST one you have ever done! common sense strategic thinking and risk/reward forming habits all base on learnt rules-based experience. Made me affirm my decissions in life so far. I am retired happey and comfortable, I have an enjoyable forfilled social calender.
This video is gold Damien. I couldn’t agree more on the points you made. Working in both academia and as a plumber, I was shocked to find that the hourly pay for postgraduate lectures is far lower.
That video with Michael at the end was a banger, may of not made a penny but definitely gave so many people so so much value! Your content is legendary!!! Love & appreciate your work bro
By the time i took the keys to my 1st mortgaged home in the UK, I'd paid £267k in private rent. The opportunity cost of that size financial dent in the first half of adult life is never not going to leave a shadow on later financial success in life. Took me 10 years, & I consider myself 1 of the lucky 1s
One thing is broadly overlooked in this topic. The ethic. Many wealthy people simply operate on the fringe of the law taking advantage of its imperfection e.g. What was allowed in Rockefeller's time today is consider as a crime (no insurance for workers, hiring children in factories and mines etc.) Stilling intellectual property was not even consider when Facebook or Apple was born. Avoiding taxation in the countries the wealth is built in or by taking advantage to invest being fully aware of poor situation of sellers that rich buy assets from. Many time paying more time less then ethic would suggest. If you can suppress in yourself the doubts of being unethical at some point you can add something extra to the luck on your journey to the top 1%. of rich people.
that's a common cope that sad poor people use. What is considered ethical is a personal choice that is affected by cultural shifts and, from my anecdotal experience, the rich people I know who are "unethical" are very very few, while the poor people I know who are literally criminals are many. BTW: Avoiding taxation is highly moral and beneficial (governments are armed money grabbers who then use this money to bomb some poor people or just simply put in their own pocket)
@@toddheartsound5451Do you think unethical people boast about their unethical practices? If so, I have a very good investment opportunity for you. The comment about taxes really depends on where you live. There are countries that actually use taxes wisely, believe it or not.
@@petarvasilev27 I know what you are feeling, I used to live in Bulgaria too. That's why I left. I was tired seeing some 19-year old douches in brand new X6 while I am working my ass off in an IT outsourcing hub. My best friend was a waiter and he struggled to find a decent job until he waited on a GERB party member who just so happened to be looking for a puppet CEO of a car rental company and then my friend, who used to beg me for money, started with the "we can't plan vacations together anymore, you can't afford the places I am going to". But it's not like that in the USA. If you see a millionaire, it's just some retired dude who probably didn't even have an amazing job, he just saved and invested his money. Really rich people tend to be owners of building companies - and you can't enslave a plumber, they want +100k to join you...
That very last point you made was gold. You have to be bloody minded about becoming rich and this is something I’ve seen with the successful. Salvador Dali was obsessed with becoming a famous and rich artist and it consumed him. But he did end up becoming famous and rich leaving an estate worth €300m to his heirs. It’s no guarantee of success but having the confidence to pursue your endeavours despite the naysayers is certainly a necessary element of success.
One of your best Damo as it really makes you think about who / where you are in life and that constant learning is so critical to success. Top marks mate 👍🏻
Thank you so much for watching them honestly the fact people engaged with the content then allowed me to get to where I am now, I will keep pushing to improve and I hope in a few years I cringe at the stuff I make now
Some of the people with the most money are those who have least in life. Money is nice to have but not the be all and end all. Wealth comes in varying forms.
In other words, it's like poker. When I play with people taking it seriously, my ability to read the table and strategise allows me to dominate. However, the moment you have someone on the table who either doesnt care or constantly bluffs, its no longer a game of skill but pure luck, and your strategy can come down to virtually nothing. And right now, while smart investment can get you doing consistently well, reckless gambling allows for the lucky few who just happen to roll well regardless of skill to jump far above everyone else.
Just came across your site and bing watching big time. I love how you make me think about stuff in a different way and shine a spotlight on things. You remind me very much of Morgan Housel and how he makes you readjust and think about finances and other stuff in your life.
…because we don’t have a culture of personal betterment and upward mobility in this country. I recall a certain royal muttering something about ‘people knowing their place’ That perhaps encapsulates why the UK , despite its enormous pool of talent and drive, remains hamstrung by an ingrained orthodoxy that stifles a meritocratic culture.
There are also a system of regulations and rules that contributed to Europe being poorer than America. Strong labour laws and social security help people keep their jobs and from being dirt poor. But it also people from being hungry enough to start climbing to the top. Wealth is much more equally distributed in countries with high taxes and strong social security nets, but it will also push the smartest and richest away to less regulated countries The Americans dream of being rich because they are told they are special everyday and believed in themselves but rest of the world aren’t that way.
Love this video, found your videos by accident a couple of years ago probably via a random suggestion and between you and James Shack you probably changed the future state of my life more than any other individual, I moved both mine and my wife's pensions into Index funds rather than the default funds and have seen big improvements already in the last year, I get there's risk but this video really nicely sums up how I feel, risk management is key, granted I work in Cyber Security so risk management is every part of my life but smart risk decisions can have huge impacts. And then to go from changing the above to now creating videos that I genuinely smile when I watch, great effort in the research from you and the wider team, keep it up, really enjoy the content!
“Never confuse education with intelligence, you can have a PhD and still be an idiot.” This quote came to mind after watching this :) I am a prime example of the person you refer to in this video, I'm not academic in the slightest as studying bores me to tears but nor am I an idiot. Therefore without any formal qualifications I should be earning minimum wage as that is how society works. After leaving school I was earning an unbelievable low wage so I had nothing to lose by starting my own company, hell if it failed I could get a **** wage working anywhere. 24 years later and I am still running that same company and comfortably earning more than minimum wage. I've always said that had I worked somewhere that looked after my welfare and paid me a decent wage then my company would have never existed.
I believe after a few years in employment we naturally know this. Weve all been or seen the super hard work, or incredibly intelligent, the amount of money they earn on average more is not that much more than who you might deem less enthusiastic or not as strong person. Early in your career you think people in positions of authority or management/leadership are super smart often there just more well spoken or confident. I hope people take from this not to punish themselves too much especially if your super hard working or talented. I think the best thing to do is to try and take as many opportunities as you can that life throws at you is a great mindset, and continue to work hard. And learn financial literacy will help you make the most of what you have and compound.
That might have been the case in the past. Most of them now have failed upwards or have the correct face that fits for certain reasons. When I started my career, my CEO had started as an apprentice at 16 and became CEO in late 50’s, so had the rest of the management. Now it seems none of them know the industry at all and some are younger than me (32)
Thank you for this, i suffer confidence, imposter syndrome etc and i struggled to even attempt things you talk about like stocks and share isa (global index). But giving it a go now and be nice to not hold myself back at work too. Great video as always. Thanks for being genuine, honesy and sharing the education that you do.
It takes money behind you to take risks. We all have to eat. People cannot risk their food and rent money just to start a new business when starting a new business has an 80% failure rate. Nobody wants to be homeless and unable to buy rent just because the were adventurous enough to take a risk.
Be grateful for what you have, acknowledge how lucky you are and accept losses with stoicism. You will just keep advancing in life and happiness will be a byproduct.
Ioved this video! So much I sent to my recovering addict brother whos sat doing nothing, who knows this might change his life like your request for video editor. Please make another on this.
Something I’ve noticed is that many don’t know how to negotiate salaries and also are unaware of how much they’re worth. I went from around £30k ish in 2019 to £85k plus bonus and benefits in 2023. Along the way I turned down a £650 a day contract though so I could work on Star Wars. No joke
If you’re in the right industry, sure. If you’re in the right company, sure. If not they can get another you tomorrow for half as much as they pay you and be better off after training costs. Someone working at Tesco on 30k won’t get 35k the next year, let alone anything more.
Damo, you legend. As soon as DJ Luck kicked in I thought a) what a banger. b) good joke. But when it became the underlying theme of the video *chef's kiss*. Also great video and I agree 100%, 3 years ago I was plodding along on a decent wage thinking I'd hit a bit of a ceiling, then a (little) bit of luck happened and I got introduced to a new customer which in turn opened me up to other new opportunities and has now kind of snowballed to 3-4x my income. What I learnt is that you can catch more luck by having a bigger net, and the bigger net is just networking. Telling customers that I'm looking for more work and asking if they know anyone who would need my services has lead to the occasional "No", but more often they've lead to more work from that person or a hookup to another 2-3 customers.
I really liked this video. I am an above average earner and I worked hard at it but the truth is many more talented people than me in the same sector failed for no reason other than bad luck. It is so annoying to hear ceo's who often drive their businesses into the ground lecture everybody how hard they had it. .
It’s being at the right place, at the right time, and being relatively the best guy (better than others that share that same space and time) - the individual can’t control time but they can be better than others at something and try to get in the space where that happens, and if you where the best and you hang out at the right place for long enough then the right time will come and you going to have your trinity moment
As someone now in their mid-forties, I would say some of this is down to how aware you are of opportunities, which does take an open, inquisitive mind but it is something you have to learn to do. Simple analogy is; how many red cars did you see on the way to work this morning? I'm sure you don't know, but I think opportunities can pass you just the same, some obvious and some not so much, and unless you really look out for them, they will disappear in the rear view mirror, just as the red car does! For the mega rich, after a certain point, it is like compound interest, where the more money you have the more money you make. However it is also very true that money is the red herring of our culture and that hording it for no reason is a really dumb thing to do.. Understanding what amount of money is enough for you to be content, to worry less about the number in your account and that TIME is the real currency we should be trying to obtain and spend wisely..
Weirdly I had this exact thought yesterday. I don't even want to be rich. Just comfortable. Which is something which always seems to be just our if reach.
You can be infinitely smarter than another person, able to solve problems they literally cannot. But making money isn't about being smart, it's about creating value. People like Bezos have found a way to use capital and work with other people to make much, much more value than the average person. When we buy things that we value, and we do so voluntarily, the reward is that person being richer. They hold that as wealth, we hold the end product, service or experience, we hold the benefit. It's a win-win system and without it we'd all but much worse off. We can see as we move more towards a distributive system in the UK - we're worse off.
Great video and the last point about caring about being rich is very true! Came across you on RUclips in 2021. You're the reason I started investing in index funds. The Vanguard tutorial was a godsend and helped build my confidence and knowledge about investing as a general topic. Thanks for your videos Damien ! You're doing the Lord's work
Thanks for such a great video. Jonah Lerher - "How we decide" is well worth reading if you want a view on people and decison making. A quote I read a while back also seems relevant. Something along the lines of " The harder I worked, the luckier I got." Just having a go can sometimes be enough as many other people just dont try / risk it.
Great video as always Damien, you truly are inspirational. So many relevant points in this video. Skill stacking. Braveness in continually putting oneself outside of the personal comfort zone and availability and horizon scanning to take on challenges are great personal attributes to work on. I feel compelled to raise a couple of points today though. No sane person would have a goal to be a billionaire. You didn't specifically say this, but it was sort of implied this is what success looks like. Indeed, being a billionaire is likely to make life very uncomfortable and 'win' you a lot of enemies. Secondly, the measure of success and wealth (and indeed happiness) is different for everyone. I would postulate that for the vast majority of people - success, wealth and happiness would max likely max out around the additional tax band earning rate in the uk.
Another great video you know what analysis would help people after this is what factors also make businesses successful, pairing that with Inteligent or hardworking people might lead the most people to Wealth if that's what they want.
Interesting video and good point for debate but surely it is wrong to measure success by wealth. There are lots of unhappy rich people who go as far as taking their own lives. So maybe the problem lies with measuring wealth with success because in doing so the vast majority of people living on this planet are not successful and if we are not successful what are we - FAILURES.
A large element is perseverance. Assuming you're born into a developed country a lot of these 'lucky' situations only occur because you kept trying. Take a good economy as an example, over the 50 years of someone's working life they are bound to have a few periods of strong economic growth, the key is to keep trying until you get that luck. If you only 'go for it' 5 of those 50 years then yes, you will need a lot of luck to hit a strong economic period, but over the full 50 you're almost guaranteed to.
Damien, I think you are 100% correct in what you say, the one thing that I would say around the luck element and it’s that not only that you have that instant where the lucky event can happen and that you have to have the skills to take advantage of it, I think you also need to have the analytical capability (in most cases) to recognise that this is something you should take advantage of. In this way I think the saying that you make your own luck comes true. Sometimes in my life good things have fallen into my lap, but mostly you have to position yourself to be ready for them. In a direct connection with your content, it was as a result of listening to one of your videos about a year ago that I opened a stocks and shares ISA and have invested in a global ETF (something I didn’t previously know existed) and am starting to see some good returns on that, so thank you for what you do, you are a talented and insightful communicator!
I'm passionate to do diy projects and in the last years I've noticed that I'm getting better at this diy projects but I'm starting to panic and do less work because I'm feeling it's not perfect. This video helps allot cut I was suspecting that as I'm getting good I'm expecting more and more from myself
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Damien Being So Clever....I Calculated it years ago. GOD has put them piggyback on you If you try to mke distance you ;ll have to drAD The Retards. It as gravity Law
Pasta certain point was an excellent pun
I was pretty happy with it 😂
Punnery is funnery
@@DamienTalksMoney groan inducing. loved it
A fusilli jokes are always worthwhile.
I taught him everything he knows...
“Luck is what happens when preparation meets opportunity” - Seneca
This content reminds me of a brilliant book 'Fluke' Totally recommend
In a world of inequality, the only moral constant is luck.
I agree, you have to continue to cultivate opportunities then be prepared to act. Luck really is a numbers game.
Started investing in a stocks and shares ISA after watching your channel in 2021. Got my partner into it to, and also open Junior ISAs for my two kids. We now have savings that we absolutely wouldnt have had if it wasn't for you starting the channel mate. Just want to say thanks and keep up the epic work 🙏🏽
same here mate. started on the back end of 2021 and kept investing 23/24 and now I have a lot more money than i ever would just working and saving.
Same with me. Not for the kid yet as she is still under 6 but I am saving with the intention of leaving this and the principles to her.
I started to suspect this in my thirties. Now, in my sixties, I've given up trying to get rich as I now know it doesn't matter. What matters is that you have enough. You articulate this very well in your videos Damien and make people, especially people starting out in this crazy world, feel better and more confident. Thanks.
The wealthiest person I knew (who would have no doubt been on the right of your tape) used the word "luck" a lot. He knew he was lucky in business earlier in life, but more importantly, he recognised how lucky he was to have a wonderful life and beautiful family.
One of the scientifically proven ways to be happy is being thankfull.
Im 30 from the UK, I earn 3x the national average salary as an employee, bog standard gcses, 3x passed and failed A levels. I have said this for years, I am not at all special. I have just had an amazing run of 'right place right time' for the last 10 years.
Its really unbelievable, and sometimes I sit back and genuinely worry that 'one day, my luck will run out!'
I’m sure there’s some luck in there, but also ask yourself. Are you an optimist? Confident? Do you take a step forward or hesitate? Do you like challenges? Chances are, your personality and attitude are getting you the opportunities. Give yourself credit.
@wl660 definitely not an optimist. But I'm confident, jump in to every opportunity and give it the best shot! That's the magic sauce
Mine ran out last month, just have a plan if it does
I don't work at all and still have a decent family income thanks to my husband. You could say I was lucky to meet him and yes I was but I worked hard to increase my chances of meeting him and was on multiple dating sites both paid and unpaid and active every day. Luck is just part of it! You also did something right to earn that money!
I don't think it's luck at all but rather wisdom in the form of applied knowledge - Knowing when to say 'yes' and, importantly, knowing when to use caution have been huge factors in my mild but above average success. I'm never going to make millions or billions, I'm not smart enough - I just learnt to move through life quietly and safely
Love your humbleness. You got lucky with covid, but in fairness your content is definitely higher quality than most youtubers
I'm a penne pincher myself.
Very good! I’m jealous I didn’t think of this
@@DamienTalksMoney Ha! you're welcome to use it next time the pasta comes out, thanks for your continued great content.
This gloriously terrible. Loved it.
20% Finance | 80% Life advice
Excellent video 💪
Thank you
IM 74, I know everything you say already. I watch because financial knowledge is basically simple, im impressed with your clarity, and I need reminding its simple - so I dont do something stupid one day.
“Surely pasta certain point…” 😂
I’m a sucker for a pun! Great video as always Damo.
You legend thank you!
This is great. The missing piece, however, is contacts, some of which develop from being outgoing or organised. But others come from family, culture, school, and the fact that contacts often value/help other contacts because they see them as useful, which in turn stems from their existing weath or position/contacts. Since you've become this successful, Damien, I bet you've noticed how much more helpful a lot of people are.
Im glad Damien admits it, because I don't see many people admitting that the main factor to success is luck... Being at the right place at the right time.
I feel like hard work would matter more if nobody else was working as hard as you, but in todays economy it seems like everyone tries the same as you and is in the same position as you. It's as if there is no differentiation apart from luck
Pasta certain point. You know your audience well, and know Dad jokes always go down well with us. 😂
Being rich is relative, to a homeless guy, a man with a home is rich. To a millionaire a billionaire is rich. I consider anyone earning over 100k a year rich but they probably wouldnt think so.
I can confirm. Everything I earn between £100k to £125k is taxed at 60%. Sure doesn’t feel rich.
I class rich is when you’re comfortable (no finance issues) and not ‘Have’ to work but only because you want to work.
@@wl660go on then what do you do?
@@SMARVENReggie Photo has joined the convo. 😂
@@wl660keep you taxable income below £100,00 by paying more in to you pension. Nobody on £125,000 should be paying 60% tax
I know you mentioned it a bit, but generational wealth has got to be a HUGEEE factor, it surely surely changes everything, from every business risk you can or can't take, to not having to get a second job , to getting on the property ladder etc
100% at the end of the day even middle class people have a massive advantage over real working class people in the form of help from their parents whatever that may be, living rent free, help with car, help with deposit for mortgage, just not being in debt by the age of 19 because they’ve been taught not to and because they don’t need to be. I couldn’t have afforded to go to uni even if I wanted to, which I didn’t but that’s another story. Those with generational wealth have life so easy they don’t even realise. Imagine being able to invest whatever in a business on a whim and knowing if it fails you’ll just….try something else. Having not to worry about clothing, food, bills, car, houses. Having the contacts to make things happen quickly and efficiently.
Didn't realise you started during covid, that's a lot of success in a short period of time, well done damo 🎉👍
The beat drop of DJ Luck was a glorious teaser
Dananee Dananee Dananee dananeenee oi
My old man used to always say "it's better to be lucky than good". Sometimes you just have to be in the right place at the right time. But to be successful you always have to put the work in. Luck is the multiplier of the work which will get you there.
Cracking video mate, finance with a touch of psychology. Keep em coming and drop us the link to your garage playlist haha
Glad you enjoyed this style! I really enjoy exploring this side of finance
‘Luck’ is when hard work and opportunity meet.
Opportunity is also just luck though
Sometimes you have to create your own luck
Damian, I'm starting to think you are not only financially literate person , but also a philosopher :), i really like the video
Yes like this content
You are a brilliant presenter. Be proud young man.
Definitely!
-Always play the long game. Provides space for the decisions you make.
-Lower expectations.
-Compound interest.
-The risk you will take is spread over the long term, do not have short term expectations.
Avoid
-If you have achieved high returns in the short term, you are in a dangerous place. This will make you arrogant and egoistic, in fact you will lose the game.
Check:
- Monetary policy. Don't worry, when it is high, many people cannot make money or bankrupt. You are not the problem
One of your best videos
The editing of these videos has gotten so good. And always so informative whilst keeping it snappy.
Ha! I just got to the part where you mentioned your editor. Props to them!
A lot of what people call luck in career growth is actually being someome that isn't a constant pain in the arse to be around. No need to try to be everyone's friend but simply being open and honest, polite, listening to people and just not having a huge ego will open a lot of doors.
Truth. Another issue I’ve seen is people having such an adversarial approach to their job to where, when they called off work, it was met with a sigh of relief. It helps no one when it requires a half hour discussion to get you to change workstations for the day so building maintenance can access a cable under your desk - certainly not your career prospects.
From what I’ve seen that no longer flies and you’re promoted based on 1) if you meet dei targets and 2) if the above like you. Back in 2019 I worked for a well known vehicle rental company, and there was a chance to be promoted. Most of us applied but the job was given to a woman who hadn’t a clue about most of the business including what we did, what anyone else did, the significance of those roles and what she should be doing. I had business experience and knew the company inside out yet didn’t get a look in. She was sent to us to get experience on our side of the business, first thing she did wasn’t ask us about anything or try to learn she went and washed cars which was contracted out to another company ie not even our job. Plus it annoyed the guy whose job it was because it put him behind schedule. Learned later on despite getting married around that time she was having an affair with someone higher up in the company. Area manager was a woman straight out of university who hadn’t a clue about anything too, wasted 80k a week on a contract in a car park a mile away for 5 spaces so people could drop off there, which was then our job to go and collect the cars, putting more load onto us and taking away the opportunity to go above and beyond by dropping customers off there which we earned most tips from. Call me crazy but what happened to it being the best person for the job?
Great work Damien! You are one of the best financial channels in the UK. Your content is excellent and simplifies complex issues for all to understand.
Great video - one of your best I think. Concise and hard-hitting.
A couple of reflections:
- darn right that the first step is financial literacy. The basics. Spend less than you earn. Time is the friend of compounding. Lifestyle creep and comparison is the enemy. Knowing that true happiness and contentment is in the simplicity of "enough" rather than the tyranny of "more".
- your point about clever people funnelled into the professions also strikes a chord. Too much to lose when you've invested so much in getting the qualification, the job, the prestige. When you are comfortable enough, why rock the boat / take risks? Age is another factor - take fearless decisions when you are young, when financial commitments are low, the price of failure is not devastating, and you have the boundless energy and optimism of youth.
- hubris is the enemy. As you note, luck is the primary driver, but it has to work alongside a certain humility / inqusitiveness to be truly exceptional. I feel that too many ascribe their success incorrectly to their efforts.
- knowledge stacking is indeed the superpower. True insights are gained from connecting the dots. Be the polymath. Always look to be learning. Embrace the new (and discard if you have properly evaluated its interest and worth to you).
- find your comfort zone and try to get just outside of it!
As the great Orchestral Manoeuvres in the Dark put it so pithily (and before your time) "the more we learn, the less we know".
One of the best and realest finance youtube channels, thank you for all your help mate, trult aught me a lot.
It's all to scale Damian. Finding your videos/channel was probably that 'lucky' moment that encouraged me to take control of my finnancial life. Keep up the good work mate!
Been struggling professionally this year and been asking myself this question. Thanks for the perspective
Your adverts even make me laugh, British humour cannot be beaten! Love the content I always look forward to your videos 👍
Brilliant video, so easy to listen to and not just another financial literacy video with the same thing repeated.
You don’t have to be smart to be rich, I have friends that would destroy me academically, my maths is terrible and I can’t string words together very well when I try to explain. Yet, I could buy each of them and their properties 10 times over. What I do have is instinct and I can sniff out opportunity that others miss. I didn’t spend on frivolous things and I drive an old car and wear basic cheap clothes. Young people want to look rich by getting into debt to drive a Range Rover. That is your first error. Put your money towards an asset and take your time and don’t rush. You’ll get there.
Bank of mum and dad
@ you wish pal 😉
It’s not as simple as all young people want to look rich with debt on a Range Rover though, at all. Driving an old car can be a false economy and especially if you’re in a position where appearances count for something. Can’t turn up for a potential client in a banger and break down outside their business or home, you have to look competent. Secondly there’s safety concerns with older vehicles too, don’t want to put a child in a poo box these days when others are driving 3 ton SUVs like idiots. I’m going to bet that on top of what you said, you also think that buying a coffee every now and again has young people in the black hole they are in. Nothing to do with the economy tanking over and over, housing market being astronomically inflated, inflation meaning their bills are 10x what yours were at their age, and limited opportunity in jobs and even business spaces considering how developed the market is. Add that news is always bad, the world is bleak and they have nothing to look forward to, why the f would they not spend a little on driving a decent car if they can afford it? Those who can’t afford it can’t get the credit to get one anyway..
I set up a company and then sold it through a series of very fortunate encounters. 100% agree.
The key to getting rich is understanding that almost all education we receive is conditioning. This is true with investing also. Most people are conditioned to follow the herd, to read the newspapers, to believe that BTC is a Ponzi scheme, that Microstrategy is a bubble. They invest in highly diversified piles of averagely performing rubbish and are content with a return that barely keeps up with inflation. Once you see through this you can get rich very quickly. My portfolio has quadrupled this year. It is an independent an open mind which gets you rich. Very simple. Don’t simply do what you are told to do.
Man I thought I’d just skim this video quickly, but this is an absolute treasure trove of brilliant ideas. Way, way beyond finance. Keep up the fantastic work.
Someone asked Gary Player (top golfer) why he was was so lucky with his shots, he replied, “the more I practice the luckier I get”. Or words to that effect! Hope that helps a mindset somewhere!
Making money isn't the same as practicing a repeatable skill like hitting a golf ball. He also likely had a lot of luck somewhere down the line to be in a position to be a top golfer.
Hard to practice your rounds when you need to work 40-50 hours a week to earn a living.
@ I think you miss the point. He practiced he became good, his luck increased. He wasn’t just lucky. Like the man says on the video, you have to be skilled then take your risks otherwise your just a lucky crypto kid!
Wow even Paul Weller has a side hustle
@@garryallison4716 No the video actually says that most people will not become super wealthy no matter how much hard work they put in.
@ you still miss the point! Luck and hard effort. But some people are just lucky. The billionaire is not lucky he is in a community that serves various interests if you know what I mean as with most millionaires. Not if is will ever get there ever!
Damien thank you I really identified with the content which I thinks makes this one the BEST one you have ever done! common sense strategic thinking and risk/reward forming habits all base on learnt rules-based experience. Made me affirm my decissions in life so far. I am retired happey and comfortable, I have an enjoyable forfilled social calender.
This video is gold Damien.
I couldn’t agree more on the points you made. Working in both academia and as a plumber, I was shocked to find that the hourly pay for postgraduate lectures is far lower.
That video with Michael at the end was a banger, may of not made a penny but definitely gave so many people so so much value! Your content is legendary!!! Love & appreciate your work bro
By the time i took the keys to my 1st mortgaged home in the UK, I'd paid £267k in private rent.
The opportunity cost of that size financial dent in the first half of adult life is never not going to leave a shadow on later financial success in life.
Took me 10 years, & I consider myself 1 of the lucky 1s
Well said.
One thing is broadly overlooked in this topic. The ethic. Many wealthy people simply operate on the fringe of the law taking advantage of its imperfection e.g. What was allowed in Rockefeller's time today is consider as a crime (no insurance for workers, hiring children in factories and mines etc.) Stilling intellectual property was not even consider when Facebook or Apple was born. Avoiding taxation in the countries the wealth is built in or by taking advantage to invest being fully aware of poor situation of sellers that rich buy assets from. Many time paying more time less then ethic would suggest. If you can suppress in yourself the doubts of being unethical at some point you can add something extra to the luck on your journey to the top 1%. of rich people.
that's a common cope that sad poor people use. What is considered ethical is a personal choice that is affected by cultural shifts and, from my anecdotal experience, the rich people I know who are "unethical" are very very few, while the poor people I know who are literally criminals are many.
BTW: Avoiding taxation is highly moral and beneficial (governments are armed money grabbers who then use this money to bomb some poor people or just simply put in their own pocket)
@@toddheartsound5451Do you think unethical people boast about their unethical practices? If so, I have a very good investment opportunity for you.
The comment about taxes really depends on where you live. There are countries that actually use taxes wisely, believe it or not.
@@petarvasilev27 I know what you are feeling, I used to live in Bulgaria too.
That's why I left. I was tired seeing some 19-year old douches in brand new X6 while I am working my ass off in an IT outsourcing hub.
My best friend was a waiter and he struggled to find a decent job until he waited on a GERB party member who just so happened to be looking for a puppet CEO of a car rental company and then my friend, who used to beg me for money, started with the "we can't plan vacations together anymore, you can't afford the places I am going to".
But it's not like that in the USA. If you see a millionaire, it's just some retired dude who probably didn't even have an amazing job, he just saved and invested his money.
Really rich people tend to be owners of building companies - and you can't enslave a plumber, they want +100k to join you...
That very last point you made was gold. You have to be bloody minded about becoming rich and this is something I’ve seen with the successful. Salvador Dali was obsessed with becoming a famous and rich artist and it consumed him. But he did end up becoming famous and rich leaving an estate worth €300m to his heirs. It’s no guarantee of success but having the confidence to pursue your endeavours despite the naysayers is certainly a necessary element of success.
One of your best Damo as it really makes you think about who / where you are in life and that constant learning is so critical to success. Top marks mate 👍🏻
Damo, I loved all your first videos filmed in the loft! I’m so pleased to see you where you are now.
Thank you so much for watching them honestly the fact people engaged with the content then allowed me to get to where I am now, I will keep pushing to improve and I hope in a few years I cringe at the stuff I make now
@ I’m sure you’re aware of Matt D’Avella, the pressure for constant improvement can get to you.. you’re doing great as you are.
Excellent video, well informed and presented. You talk like a poet. New subscriber!
Some of the people with the most money are those who have least in life. Money is nice to have but not the be all and end all. Wealth comes in varying forms.
This is honestly one of best of the YT videos I've seen in a long time....well done 👌
In other words, it's like poker. When I play with people taking it seriously, my ability to read the table and strategise allows me to dominate. However, the moment you have someone on the table who either doesnt care or constantly bluffs, its no longer a game of skill but pure luck, and your strategy can come down to virtually nothing.
And right now, while smart investment can get you doing consistently well, reckless gambling allows for the lucky few who just happen to roll well regardless of skill to jump far above everyone else.
I'm gonna watch this video every Christmas
Thank you for making such great content, it just keeps getting better, and this is the type of stuff I love.
A couple of years ago, I explained to my kids the "trick to getting rich". You mentioned it in the last 30 seconds.
Oooof another bloody well-timed vid Damo, thank you
Great video Damien, one for the greatest hits collection. Resonated on loads of levels - thank you.
Just came across your site and bing watching big time. I love how you make me think about stuff in a different way and shine a spotlight on things. You remind me very much of Morgan Housel and how he makes you readjust and think about finances and other stuff in your life.
We all need some luck but it's more important to continually work hard to create more chances to get lucky.
…because we don’t have a culture of personal betterment and upward mobility in this country. I recall a certain royal muttering something about ‘people knowing their place’ That perhaps encapsulates why the UK , despite its enormous pool of talent and drive, remains hamstrung by an ingrained orthodoxy that stifles a meritocratic culture.
There are also a system of regulations and rules that contributed to Europe being poorer than America.
Strong labour laws and social security help people keep their jobs and from being dirt poor. But it also people from being hungry enough to start climbing to the top. Wealth is much more equally distributed in countries with high taxes and strong social security nets, but it will also push the smartest and richest away to less regulated countries
The Americans dream of being rich because they are told they are special everyday and believed in themselves but rest of the world aren’t that way.
totally agree.
One of the best you've made.
Love this video, found your videos by accident a couple of years ago probably via a random suggestion and between you and James Shack you probably changed the future state of my life more than any other individual, I moved both mine and my wife's pensions into Index funds rather than the default funds and have seen big improvements already in the last year, I get there's risk but this video really nicely sums up how I feel, risk management is key, granted I work in Cyber Security so risk management is every part of my life but smart risk decisions can have huge impacts.
And then to go from changing the above to now creating videos that I genuinely smile when I watch, great effort in the research from you and the wider team, keep it up, really enjoy the content!
“Never confuse education with intelligence, you can have a PhD and still be an idiot.”
This quote came to mind after watching this :)
I am a prime example of the person you refer to in this video, I'm not academic in the slightest as studying bores me to tears but nor am I an idiot. Therefore without any formal qualifications I should be earning minimum wage as that is how society works. After leaving school I was earning an unbelievable low wage so I had nothing to lose by starting my own company, hell if it failed I could get a **** wage working anywhere. 24 years later and I am still running that same company and comfortably earning more than minimum wage.
I've always said that had I worked somewhere that looked after my welfare and paid me a decent wage then my company would have never existed.
Wow. Fantastic video. Should be shown to young people embarking on their chosen careers. Keep em coming Damian.
I believe after a few years in employment we naturally know this. Weve all been or seen the super hard work, or incredibly intelligent, the amount of money they earn on average more is not that much more than who you might deem less enthusiastic or not as strong person. Early in your career you think people in positions of authority or management/leadership are super smart often there just more well spoken or confident. I hope people take from this not to punish themselves too much especially if your super hard working or talented. I think the best thing to do is to try and take as many opportunities as you can that life throws at you is a great mindset, and continue to work hard. And learn financial literacy will help you make the most of what you have and compound.
That might have been the case in the past. Most of them now have failed upwards or have the correct face that fits for certain reasons.
When I started my career, my CEO had started as an apprentice at 16 and became CEO in late 50’s, so had the rest of the management. Now it seems none of them know the industry at all and some are younger than me (32)
With all this finance stuff "With a little bit of luck we can make it through da night" 🎉 😊
The best book on this I have ever read is Outliers by Malcolm Gladwell. It's brilliantly written and a great read.
Thank you for this, i suffer confidence, imposter syndrome etc and i struggled to even attempt things you talk about like stocks and share isa (global index). But giving it a go now and be nice to not hold myself back at work too. Great video as always. Thanks for being genuine, honesy and sharing the education that you do.
It takes money behind you to take risks. We all have to eat. People cannot risk their food and rent money just to start a new business when starting a new business has an 80% failure rate. Nobody wants to be homeless and unable to buy rent just because the were adventurous enough to take a risk.
Be grateful for what you have, acknowledge how lucky you are and accept losses with stoicism. You will just keep advancing in life and happiness will be a byproduct.
I think you might be the best in your field haha, these videos are so well structured and informed brilliantly!
Your best video yet Damien
Thank you
Ioved this video! So much I sent to my recovering addict brother whos sat doing nothing, who knows this might change his life like your request for video editor. Please make another on this.
Amazing and thought provoking !
Your editor is very gifted, I hope he reads this. 😊
Thnx amy 🙂
Thx Amy 😊
@@DillPickl3_ You are not my editor?
Just discovered this channel, which seems to have valuable and thoughtful videos.
Thanks, young Peter Jones!
Something I’ve noticed is that many don’t know how to negotiate salaries and also are unaware of how much they’re worth. I went from around £30k ish in 2019 to £85k plus bonus and benefits in 2023. Along the way I turned down a £650 a day contract though so I could work on Star Wars. No joke
If you’re in the right industry, sure. If you’re in the right company, sure. If not they can get another you tomorrow for half as much as they pay you and be better off after training costs. Someone working at Tesco on 30k won’t get 35k the next year, let alone anything more.
Damo, you legend. As soon as DJ Luck kicked in I thought a) what a banger. b) good joke. But when it became the underlying theme of the video *chef's kiss*.
Also great video and I agree 100%, 3 years ago I was plodding along on a decent wage thinking I'd hit a bit of a ceiling, then a (little) bit of luck happened and I got introduced to a new customer which in turn opened me up to other new opportunities and has now kind of snowballed to 3-4x my income. What I learnt is that you can catch more luck by having a bigger net, and the bigger net is just networking. Telling customers that I'm looking for more work and asking if they know anyone who would need my services has lead to the occasional "No", but more often they've lead to more work from that person or a hookup to another 2-3 customers.
I love your journey, I appreciate the content and the mini clips of music and memes make me laugh so much! Hats off to you Damo!
No, I had not seen that guy. Thank you so much for showing me that guy, so that I can never un-see that guy ever again.
I really liked this video. I am an above average earner and I worked hard at it but the truth is many more talented people than me in the same sector failed for no reason other than bad luck. It is so annoying to hear ceo's who often drive their businesses into the ground lecture everybody how hard they had it. .
It’s being at the right place, at the right time, and being relatively the best guy (better than others that share that same space and time) - the individual can’t control time but they can be better than others at something and try to get in the space where that happens, and if you where the best and you hang out at the right place for long enough then the right time will come and you going to have your trinity moment
As someone now in their mid-forties, I would say some of this is down to how aware you are of opportunities, which does take an open, inquisitive mind but it is something you have to learn to do. Simple analogy is; how many red cars did you see on the way to work this morning? I'm sure you don't know, but I think opportunities can pass you just the same, some obvious and some not so much, and unless you really look out for them, they will disappear in the rear view mirror, just as the red car does!
For the mega rich, after a certain point, it is like compound interest, where the more money you have the more money you make.
However it is also very true that money is the red herring of our culture and that hording it for no reason is a really dumb thing to do.. Understanding what amount of money is enough for you to be content, to worry less about the number in your account and that TIME is the real currency we should be trying to obtain and spend wisely..
Weirdly I had this exact thought yesterday. I don't even want to be rich. Just comfortable. Which is something which always seems to be just our if reach.
Your new editor is much better than what you did. 😂
I wasn't sure who was doing what but I definitely noticed the last few videos have been really impressive editing wise.
You are right about the career funnel of smart enough to get a great job which means massive downside risk to striking out alone.
Literally my favourite RUclips channel
You can be infinitely smarter than another person, able to solve problems they literally cannot.
But making money isn't about being smart, it's about creating value. People like Bezos have found a way to use capital and work with other people to make much, much more value than the average person.
When we buy things that we value, and we do so voluntarily, the reward is that person being richer. They hold that as wealth, we hold the end product, service or experience, we hold the benefit. It's a win-win system and without it we'd all but much worse off. We can see as we move more towards a distributive system in the UK - we're worse off.
Great video and the last point about caring about being rich is very true! Came across you on RUclips in 2021. You're the reason I started investing in index funds. The Vanguard tutorial was a godsend and helped build my confidence and knowledge about investing as a general topic. Thanks for your videos Damien ! You're doing the Lord's work
Thanks for such a great video.
Jonah Lerher - "How we decide" is well worth reading if you want a view on people and decison making.
A quote I read a while back also seems relevant. Something along the lines of " The harder I worked, the luckier I got."
Just having a go can sometimes be enough as many other people just dont try / risk it.
Great video as always Damien, you truly are inspirational. So many relevant points in this video. Skill stacking. Braveness in continually putting oneself outside of the personal comfort zone and availability and horizon scanning to take on challenges are great personal attributes to work on. I feel compelled to raise a couple of points today though. No sane person would have a goal to be a billionaire. You didn't specifically say this, but it was sort of implied this is what success looks like. Indeed, being a billionaire is likely to make life very uncomfortable and 'win' you a lot of enemies. Secondly, the measure of success and wealth (and indeed happiness) is different for everyone. I would postulate that for the vast majority of people - success, wealth and happiness would max likely max out around the additional tax band earning rate in the uk.
Another great video you know what analysis would help people after this is what factors also make businesses successful, pairing that with Inteligent or hardworking people might lead the most people to Wealth if that's what they want.
Interesting video and good point for debate but surely it is wrong to measure success by wealth. There are lots of unhappy rich people who go as far as taking their own lives. So maybe the problem lies with measuring wealth with success because in doing so the vast majority of people living on this planet are not successful and if we are not successful what are we - FAILURES.
I am a perpetual learner (beginner). Great video 🎉
Heard a good quote one day - if you're smart and not reach, then you're not smart.
You said 'the winner takes it all' and 'take a chance' in such quick succession that im say here scouring for more abba references!
If you look closely at my shelves at the back of the room you will see an ABBA Vinyl
A large element is perseverance. Assuming you're born into a developed country a lot of these 'lucky' situations only occur because you kept trying. Take a good economy as an example, over the 50 years of someone's working life they are bound to have a few periods of strong economic growth, the key is to keep trying until you get that luck. If you only 'go for it' 5 of those 50 years then yes, you will need a lot of luck to hit a strong economic period, but over the full 50 you're almost guaranteed to.
Damien, I think you are 100% correct in what you say, the one thing that I would say around the luck element and it’s that not only that you have that instant where the lucky event can happen and that you have to have the skills to take advantage of it, I think you also need to have the analytical capability (in most cases) to recognise that this is something you should take advantage of. In this way I think the saying that you make your own luck comes true. Sometimes in my life good things have fallen into my lap, but mostly you have to position yourself to be ready for them. In a direct connection with your content, it was as a result of listening to one of your videos about a year ago that I opened a stocks and shares ISA and have invested in a global ETF (something I didn’t previously know existed) and am starting to see some good returns on that, so thank you for what you do, you are a talented and insightful communicator!
Yes I go into the point around needing skills later into the video but it is a long one so I probably should have mentioned it sooner!
Damo for president!
Really enjoyed this video - one of the best ones you’ve done imho 👍👍
I'm passionate to do diy projects and in the last years I've noticed that I'm getting better at this diy projects but I'm starting to panic and do less work because I'm feeling it's not perfect. This video helps allot cut I was suspecting that as I'm getting good I'm expecting more and more from myself