Signs You're Doing Well Financially (Even If It Doesn't Feel Like It)

Do you often feel like you are behind financially? Today i want to show you how well you are doing financially.

Links from video:
Channel 4:
Nimblefins
Psychology of Competition
debt level data

💵 The investment platforms I use:
InvestEngine
Get a £25 bonus when you invest at least £100

Trading 212:
Join Trading 212 Invest with my link, and we will both get a free share worth upto £100 if you make a deposit of at least £1 in the first 10 days.
input promo Code: Gbassinv if the link doesn't work

Vanguard:
This is not an affiliate link

I hold funds with all these brokers and believe they offer both affordable investing and great value for money, I only include brokers in my description that provide ISA’s and are authorised and regulated by the FCA so are covered by the FSCS.

Some of the above links are affiliate schemes so that means you get something for signing up and so do i. In all examples I have stated if they are an Affiliate or not.

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

DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.

[DamienTalksMoney]

Loads of the sources are linked in the description if you want some further reading. I am just popping out for lunch and when i am home i will reply to comments. Happy Sunday guys hope you are having a lovely weekend!

[raphaeldwain]

"The opposite of poverty is enough"
That's powerful.

[cherylcarlson]

Never worried about being "rich" bought homes on poor side of town, strung clothesline, kept working, loved my homes and have been sorta warm, fed, sheltered and free to pursue passions. Cook at home, cut my own hair, spin my own yarn, grow a bit of food and give thanks I am not in a war zone.

[tylerwoods]

When my daughter was in high school, she met a group of girls who became her best friends, and they would have sleepovers at each other's houses. When I would drop her off at her friends' houses, I began to notice that their parents were all doing much better than my wife and I were doing financially, and it started to bother me. I would get depressed and I felt like a loser. And then, one night, when I dropped my daughter off for another sleepover, I had this epiphany. I realized that obsessing over the financial success of other people did me no good. Because no matter how well you're doing, someone else is always going to be better off than you are. Even though our financial situation isn't amazing, it's better than a lot of people I know, and I should just be fortunate to have what I have. Otherwise, you'll just drive yourself crazy.

[stephenwright]

I stumbled across this video, and I'm glad I did. What a great message! My wife and I had the same conversation a few years ago about how is "everyone else" taking vacations, buying clothes, vehicles, etc. Then we realized, they are in massive debt. We are much farther ahead than we ever imagined.

[jennywalker]

As a climber who has worked her way out of debt and now saves each month, I cannot tell you how much I appreciated your message today. Thank you 🙂

[jjwilly]

As someone who had an addiction and became homeless a few years ago, my financial goals have been to avoid that happening again. I even went without food several times. Now that I got back on my feet, that memory motivates me every day and I'm only compared to my past self.

[MajorWolf]

To me, a sign I‘m doing financially well is when I can order delivery food or go out to eat and can order what I fancy, not having to look at the price, not feeling guilty afterwards and not having to pull up my balance to check where I stand.

[celticsuave]

After I got rid of useless debt from buying stuff I didn't need just to impress other people, that's when I finally felt good with myself and my financial situation. It's not about showing the whole world how much you earn, but to be comfortable enough to live a good life and provide to your family.

[lauraholland]

I consciously decided to earn less and do a job I loved instead of having a well paying job which was draining me. Despite living officially under the poverty line for two thirds of my adult life (I'm 60) I have very good savings, and since I paid my mortgage off aged 40- because I never upgraded my lifestyle from being a student, it's quite hard work but I enjoy it. It's much easier to be happy if you can learn not to compare yourself to others.

[TheJRE]

Even though I’m 43 years old, it’s hard not to compare yourself as others. However I am blessed to say that I’m debt free 😊

[everglowmedia]

Dude, the way you told this story was a work of art. I follow a lot of FIRE blogs and have plugged away for a few years. As we are approaching a significant milestone, I noticed myself feeling as anxious as ever. That we're not doing enough, saving fast enough. The truth is, I am constantly moving the target further out and comparing ourselves to the small percentage of people who are progressing faster than us. This is perspective and you really drove it home. Great video.

[ungarischfsikurs]

Everytime I envy a person with a better car I tell myself: "But I paid my car in cash. I don't have to pay on a monthly basis for a car. I own a car, I don't owe for a car."

[AlexVids]

Everything about this video is top quality!

You've got a real talent for script writing. The way you tie the story together with jokes which keep popping up is genius. And the moral message you send is also spot on. This is such good quality content.
I also love the way you use data and the way you credit the sources you use and the integrity you show in citing them. Keep this up. You're my favourite chanel with the best content of any genre right now and your content keeps getting better and better. Keep it up.

[iminmypjs]

Thank you, I think it's so important to take a step back sometimes and tell ourselves "You're doing a good job!" when so much of the world seems to tell us we're failing. Superb editing btw👍🏻

[jonjansky]

Every once in awhile YouTube delivers something that doesn’t ruin your day - I could cry. Thanks brother, great video.

[ReneeT]

My husband and I have worked very hard to become financially successful. We have stayed true to ourselves by deciding to make a good living and not spend time competing. I realize a good living may mean different things to different people but for us it meant debt free, mortgage free, investments, retirement covered and no stress to pay living expenses. We made it before the age of 50..👍
This is an excellent video..thank you!

[HannahElishaX]

Man! You timed this video perfectly with how I've been feeling this weekend. Sat down, opened YouTube, and this was the top of my subscriptions. Thank you Damien! It's so important to try and take a step back, give your head a wobble and be grateful for what you have. If you can't be grateful for what you have, what you achieve will never be enough.

[wilhelm]

I know this isn’t a motivation channel, but you told the story well, you circled back round and this became one of my favourite videos. I’ve often enjoyed your in depth videos on finances but this one struck a different chord, and would love to see similar videos like this. It’s not good enough to be finically independent…sometimes that brings nothing but relief, but taking a step back and knowing your are emotionally and mentally rich is worth so much more. Thanks for reminding me of that Damien.

[byenineto]

This is the first personal finance video I’ve watched in a long while that critiques hyper accumulation from an empathetic lens. Typically I see FIRE vloggers that stress hyper accumulation or others that call out its toxicity. I think you’ve struck a great balance of calling out the importance of increasing savings but giving your viewers the okay to do it on their own terms and congratulating them for even being on the path. Wonderful video!