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The Optimal Age To Save for Retirement
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71,390 Views ā€¢ Apr 28, 2024 ā€¢ Click to toggle off description
Do you wish you had discovered investing sooner and started saving for retirement earlier? In today's video, I want to show you a different way to think about it.

Subscribe to The Daily Upside for completely free using this link: bit.ly/44iynb7
love it, but if you donā€™t, you can always unsubscribe.

The brokers I use:

Trading 212
trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing Ā£1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.

InvestEngine
investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to Ā£50 when you invest at least Ā£100 with InvestEngine

Vanguard
www.vanguardinvestor.co.uk/
This is not an affiliate link

Get access to the pension provider fund sheet here:
financialinterest.com/pension-provider-cheat-sheet

Sources:
IFS report: ifs.org.uk/sites/default/files/output_url_files/BNā€¦

DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you. Free shares can be fractional for more information see these terms.

This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results.

Timestamps
00:00 - Too Late
00:56 - Pollock
01:43 - Linear approach
03:22 - Another way
04:05 - Sponsor
04:47 - Higher Earnings
06:25 - Kids
07:35 - Student Loan
08:10 - Stop
09:54 - Average Savings
11:45 - You don't stop



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Views : 71,390
Genre: Education
Date of upload: Apr 28, 2024 ^^


Rating : 4.977 (19/3,330 LTDR)
RYD date created : 2024-05-14T11:55:04.77684Z
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YouTube Comments - 391 Comments

Top Comments of this video!! :3

@DamienTalksMoney

2 weeks ago

Subscribe to The Daily Upside for completely free using this link: bit.ly/44iynb7 love it, but if you donā€™t, you can always unsubscribe.

6 |

@jack_walt

2 weeks ago

My parents told me to start contributing when I became an apprentice at 18 years old. It mightā€™ve been the single best piece of advice I was ever given and Iā€™ll be forever grateful

196 |

@mattferdinando

2 weeks ago

I donā€™t say this lightly as youā€™ve done some brilliant videos, but this is the best youā€™ve ever done. The narrative arc, the entertainment value and pollock jokes, and the underlying financial message all brilliant.

182 |

@leightonharrison2328

2 weeks ago

51yo, 10k in work pension, just opened a sipp. Never to late, the saying' best time to plant a tree was 30 years ago, the next best time is now!' Thanks to you, and a couple others on you tube, my financial understanding has become, over the past couple of years, more than I've ever had!

108 |

@jameswood4183

2 weeks ago

This has to be one of the best financial YouTube channels around !

74 |

@padanfain7466

2 weeks ago

I love this guy! Always makes you feel better about life. I had nothing and no hope at 34, at 44 I've started a business, got. House and paid off the house, and saved a decent amount. 10 years can make a huge difference.

63 |

@liberalmatt

2 weeks ago

Never too late. 51 here and making a start - if anything just to mitigate the lost opportunities so far. If I had known the real value of compounding (for example) 30 years back, life would be so much different. Yet more reasons to include basic financial literacy (how to understand projections, yield calculations, gilts/bonds/ETF etc. and how to compare options) in school curricula.

54 |

@hmcvm

2 weeks ago

I donā€™t think thereā€™s any other channel out here combining informed, realistic and honest financial advice with entertainment so well. Such a great video mate!

38 |

@mrtod13

2 weeks ago

As a soon to be 55 year old, this was a very welcome shot of positivity. Thanks Damien šŸ˜

17 |

@Riaan3108

2 weeks ago

Mood-hoover, you learn new things on this channel every timeā€¦.

23 |

@helensavvides6582

2 weeks ago

My thoughts exactly. My father worked until 81 because he loved his work. I think we need to change the narrative on retirement and work. If you can work and you enjoy it, why shouldn't you ? Most people cannot swan off into the sunset, cruising and expensive holidays but instead can find other joys in life. We all want to feel safe and secure and managing your money does that. Giving (in any form) adds to a feeling of security because this signifies abundance. Either of time or money. There are so many ways to feel more secure instead of fear driven. Thank you for this video. It raises so much on how perception is vital.

24 |

@TheEmanep

2 weeks ago

Thank you - at 53 Iā€™ve been freaking out about retirement, but Grandma Moses has given those of us above the age of 30 hope!

6 |

@H.I.T.E.N.

2 weeks ago

"We all make mistakes, have struggles, and even regret things in our past. But you are not your mistakes, you are not your struggles, and you are here NOW with the power to shape your day and your future." - Steve Maraboli Thanks to you pal, we're all here taking back our power and making meaningful changes for a better future. Better late than never, hey! Appreciate you mate.

20 |

@prof.stacythemoneyteacher

2 weeks ago

You're never too old to start saving for retirement. It's best to start early, but starting ever is better than never.

10 |

@jamesodd3896

2 weeks ago

I like that you donā€™t follow the crowd . Your content is honest & nothing like Iā€™ve seen elsewhere.

10 |

@MrKlawUK

2 weeks ago

this is eye opening and at least a little reassuring. 53 now, planning to finish mortgage at 55, then push 35% gross income into pension for as long as possible

9 |

@baronvonhoughton

2 weeks ago

Thanks mate, needed this one. 40's and constantly feeling I started too late.

10 |

@amandacornwill9370

2 weeks ago

This is largely what I have done simply due to life and kids. I paid into pensions in my 20s and not again seriously until my mid 40s. Now 2 months away from 55 with enough to retire if I wanted to. Great points made šŸ‘šŸ»

7 |

@ceciliabrown3301

2 weeks ago

Thank you. Your posts give me hope as I started late.

1 |

@tommasoparrinello6236

2 weeks ago

Congratulations for this video. One of the best!

1 |

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