This is something I am working on. I am so frugal to the point I never spend my money. I am working on allowing myself to spend money, particularly experiences that I can do with family and friends
Remember that your hard work entitles you to invest in your own quality of life. You’ll never get a letter in the mail telling you that today is the day to be good to yourself. Also, remember that your happiness makes the lives of others around you better too!
As a young adult, I can relate to the need to balance financial responsibility with maintaining a fulfilling life. Sometimes, we might get caught up in the idea of saving every penny, but this video reminds us that neglecting health, relationships, and self-care can lead to long-term consequences. Thanks for sharing this thought-provoking content. There is no point in saving if you can't enjoy what you've earned.
Screw that!! I'm sacrificing everything! Plus since I grew up poor I don't need much to be happy. My issue is FOOD I'm not over weight but I love to eat! But besides this I literally don't do anything besides work and invest in all of my businesses. Since I'm able to travel for free because of one the businesses I own I'll take that as spoiling myself. Even though when I travel I barely spend any money 🤭
There's a difference between Frugality and being cheap. Frugality is all about being conscious about spending and looking for the best bang for your buck, while being cheap is neglecting everything else and looking for the cheapest option or even waiting till the last second to spend money. There's one that's penny pinching and the other that's consciously spending.
Some people get dopamine hits from shopping and some from checking their bank account and seeing that high number. Both could be considered toxic and these points in the video are valid in my life. I will work on that
😂😂😂😭😭😭 I'm guilty of this!!! I just love watching my business account grow! I do have problems with food though, for example I'm sooo greedy with food that my mom would cook and I would STILL buy food and eat both! But that's it! I wear the same clothes because I'm always working and I completely stopped interacting with women because women are a MAJOR liability, especially for men like myself.🤭
I’ve heard someone say that a private jet may be a necessity but a fancy car is a luxury. Why? A basic car can do the same job as a fancy one, but huge companies and world leaders have to travel suddenly and there are no alternative options. My family has taken this to heart. Our favorite thing to do costs thousands of dollars in equipment, but the cheaper options would greatly reduce the quality of the experience. Now that we have the equipment, we will never have to buy it again and use it consistently. I felt guilty for spending the money at first, but it was our tiny version of a “private jet.”
Get a pet! They’re better than people. You take care of your pet, very few if any serious Vet bills. Pets always give love. Family and so called friends don’t. Been a pet owner for 43 years and if it wasn’t for my now passed on dog and cat I never would’ve survived being penniless, almost starving to death and almost going homeless. They made me fight to recover.
Omg the part on ketchup packets is TOTALLY meeeeeeee!!!!!!! (Along with free plastic utensils, free napkins, free leftovers from work, and reusing glass containers for drinking glasses) …. I think I have a problem… 🤣🤣
Great video. You should never sacrifice health or relationships for money. Health and relationships are what make you truly wealthy. Sharing life with family and friends is what brings true joy and fulfillment.
Spending money smartly is definitely a skill I sometimes forget to use. Once my blow money and maintenance categories hit certain thresholds I know I need to find some way to spend down those budget lines.
Thank you for the hoarding part... that's very true.. now that I'm debt free I think that is the next I'm going to concentrate on, been feeling cluttered and want to live more minimalistic.. also health.. need to concentrate on working out more, eating healthier.. This was a good video... thanks..
Or it’s inequitable; the minimum wage in California is close to $20.00 per hour, but Oklahoma still has a tipping wage of less than their really low minimum wage, still $7.00 I believe.
I prefer to spend nothing outside of essentials and reccuring bills, but I spend whatever I want on quality food, and items/services that make it easier/faster to get my work done, be it tools, equipment, or rideshares. Outside of that, I have everything I need and don't need much in the way of clotting, personal items etc, so I am good on avoiding spending on unnecessary items
I’m cheap on a lot of things but I’ve realized I want to spend money on things I want to do. Do I go out to eat everyday? No Do I spend $1k every 5-6 months in a trip? Yes
What a terrific video! I learned a long time ago that small indulgences make you feel good. Like you, I have been meal planning for a number of years so I can save the dollars for the things that will eventually wear out on our home.
I was SO happy with the part of 'treating yourself' and got a Great smile on my face, until he kills the spirit by stating not to go overboard with it...🤣
I'm suffering a little today so I can take two trips to other countries. These will be the first time I have really had a vacation. One where I'm not cleaning or organizing my house. It's two years of saving and scraping and after them I will be able to drop money into savings, stocks, myself. But more importantly I will have the memories and experiences.
Key insights 🎯 "Health is one of those things you'll never get back. Once you lose it." - Brian Dyson, former CEO of Coca-Cola. 🏥 Skipping medical care or going without health insurance can be risky, as medical expenses are the leading cause of bankruptcies in the United States. 💔 Prioritizing saving money over relationships can lead to loneliness, which can be as harmful as smoking or alcoholism. 💰 Taking frugality too far can lead to neglecting necessary home maintenance and repairs, which may end up costing more in the long run. 🚗 "No amount of saving money is worth our safety." 💰 Saving a few dollars on a used or hand-me-down car seat is not worth risking your child's life. 🎯 Don't make frugality the ultimate goal; instead, use it as a tool to design a life that you love. 💼 Investing in yourself and acquiring marketable skills can be an even greater asset for making more money than investing in the stock market.
This was great…. I have an end goal in mind which is to get rid of my debt. So I’ll be frugal af LOL… I know what to watch out for doe once I reach my desired end state!
I know a wealthy man who retired in his 40s or maybe 30s, the man has a nice 2 story house in a very nice neighborhood, and he is a true master of min maxing money by having no wife, no kids, lives alone, he eats mostly only instant noodles, old car, collects all the cans in his neighborhood, and only buys things if its on discount 👀 he is by far the most frugal man, but his house is on point, definitely cheap
I wish I could find a place in my state who’ll help Poor fix their homes for little to no cost and do it right. Skip car repairs because people are too frugal? Those who complain about car maintenance should stop griping about cost! At least you still HAVE a car to bellyache about! I was forced to give my car up 13 years ago because had no money to maintain the lease and they refused to lower the cost. People who are frugal shouldn’t yap about car repairs, car maintenance or gas prices! They’re not walking! After getting hit by a non paying attention driver as I crossed the street, being in a car is a hell of a lot safer! Stop griping about your car! You have one! You’re not taking your life in your hands as a pedestrian! You don’t have to walk in bad weather! You don’t have arthritis in your feet and ankles forced to walk because you can’t afford transportation on wheels! If maintaining your cars is such a hassle give it up! I sure wish I had a car to complain about! It’s the last thing on my bucket list to achieve before I go blind.
Someone said to me “Lisa Nidog yes but junk food and fast food is not good for you..... that's a fact”. And I say fast food is in the eye of the beholder. If you don’t want to eat it, you don’t think it’s good for you, fine, got no problem with that. But to dictate to others I don’t agree with it. I eat only chicken for the most part. I bake it. Skin on. When I’m done with my chicken mode I eat packaged food in the oven. And I like cup noodles of various flavors. I like it! I pay for it! If someone else doesn’t like those don’t eat it. You’re not paying for my food. Fad diets aren’t good. But it’s their decision to go on them to fit some arbitrary societal ‘norm’ decided by others. As a teen I was stupid enough to do it. That is until I fainted in a bathroom because of diet pills that were the fad of the day. Never again. People take supplements hawked by others until they have a health problem with it like nausea, fast heart rate, headaches because they listened to others. Fast food a fad? it’s been around since I was a kid. I’ve eaten it. The grease makes me sick to my stomach. But who am I to tell people not to eat it. It’s their money. Concerned about others’ health? Yeah…uh you gonna pay any of their medical bills? Uh…no. For many smoking is bad. My father smoked not much. He got cancer and passed a few years later of lung cancer. I’ve smoked 30 some years. Chain smoker. No cancer. I’d never smoke around a non smoker. I don’t smoke in other people’s homes. They don’t have to tell me. If they come to my place and I need a smoke I go to the kitchen away from them. No one as yet has said don’t smoke in your own home because I’m here. I go in another room. I have to eat several meals a day to keep my blood sugar up being hypoglycemic. I pick my own meals. I don’t ask what others think. Don’t care. It’s the advice thing. And again I wonder why people need others to decide what others should do according to them. I find it odd seeing people waste money on gambling tickets while complaining about inflation. I encountered someone like that in my corner store two months after I tearfully had to give up my car unable to pay the lease. There was a guy complaining loudly how gas prices were so high in 2010. I watched him put down 50 bucks in cash for a big handful each of lotto and scratch off tickets. I said to him since he had no problem complaining out loud about gas prices you could’ve spent that money on gas! I said could’ve, not should’ve. He looked at me as if I fell out of space and ran out. I wasn’t telling him what he should’ve done, but I was ticked that he was complaining about gas prices on a car he was still lucky enough not to have to give up. I’ve been saving up for a car for 14 years. Paying bills keeps getting in the way. Complain about gas prices, insurance costs or repairs? When I get a car I won’t care about that. I’ll have a car again. I’ll have independence again. I won’t be taking my life in my hands crossing the street where one driver hit me in a crosswalk. But until that day comes when I get a car, yes I’ll snarl when ai hear people complaining about their cars. They at least still have one. Yes I’ll snarl when ai hear ‘advice’ about frugality when you barely practice it and what works for you may be not so successful with another. Why? Because too many have tried to dictate to me what to do when to do if ai can do it, what to wear, what to eat. I resist. As an adult figure things out for yourself. Frugality isn’t a bad thing either. Cheap food is better than starving. Done that had no choice. I would’ve eaten someone giving me a hamburger and their arm. Kidding about the arm part. I buy frozen pizza to bake. I like it. Love the cardboard box to use when I need cardboard for my hobby art. You don’t like pizza don’t eat it.
Hate to say this but disagree w the tipping thing. I tip, and I tip well, but not tipping doesn’t make you cheap. Not your job tipsy the workers. That’s the employers job. Especially at fast food places that ask for tips. Tips should be 100% optional and not socially encouraged like they are. But in our society they are almost required
I don't 100% agree on the training part, unless it's referring to proper clothing and shoes to ensure you are supported during your workouts, paying for a gym membership is not a necessity to be active and healthy
@@ordinaryhuman5645 That is over minimum wage in itself, listen to David Ramsey, even he says to coupon and take advantage of non perishable items when they are on sale
I am frugal now because I want to save for a house. My goal is to buy it out or at least put 80% down. There’s is one thing I don’t skimp on is time with family.
@@abarbar06it’s a legitimate argument, why do we consider a CEO someone worth quoting? You don’t see people quoting the life advice of serial killers or dictators
@@aryjarvis3161perhaps a title should only be part of what makes someone worth listening to. Plenty of homeless people out there with amazing life advice.
@@cougar2013 I agree, I think success is neat, but learning from failure or even just understanding the role luck and circumstance play can be way more enlightening. I always learn more from my own failures
As someone that's only just recently started his journey into heavy investing & money managing, I am not willing to entertain the idea that you can take frugality too far. Especially in my position where I'm starting late and needing to catch up on saving for retirement.
You definitely can, you will miss out on life experiences and relationships. The other thing is.. what if you drop dead tomorrow? Now all your money is worthless and you didn’t get to use it and enjoy it
@@Christopher876 I recognize that it's not healthy long term but I've been scared straight into not ending up like so many folks that are up to their chins in debt and drowning.
oil lasts way longer than it used to. once a year is fine if he doesnt put that many miles on, unless its a lot of short trips. short trips are actually way harder on an engine than long trips, so you'd have to do it more often
Sorry! Can’t afford the the Affordable Care Act and I came from a generation where government didn’t impose health insurance or else. You found your own. I got a waiver from my CPA. And I go years, sometimes a decade between hospital visits which are not in patient. What you think most have they don’t. Stop assuming.
pshh a cardboard box? i live in the wilderness just off the fat of the land. i dig a hole in the ground to use as a bad and usually i find some roadkill to eat but i'm not so lucky every day. anyways, happy harvesting!
I believe I invest as much as I can into myself and my family. But I would never waste money on so-called health care. I do my own healthcare, and I have vibrant health. I spend way more per month on healthy food, supplements, exercise, and education in the health field than I do anywhere else. Outsourced healthcare is almost complete garbage. I would go to a hospital for a broken leg but never for cancer treatment or anything like that. Someone who lives as I do is not at risk for cancer.
Oof you're like Steve Jobs with that mentality on health care. You definitely should go to the hospital for cancer treatment because your health does not dictate whether you get cancer or not.
So, everyone with cancer got it because they didn’t eat healthy enough or use supplements? Entertainingly beyond naive. While some diseases might have a decent demonstrated causation, I.e lung cancer/emphysema/COPD in a smoker. Most of the reasons for many cancers are completely unknown. In fact you could learn how to set your own broken bone (former EMT here). I never smoked, little alcohol and lived/ate relatively healthy; yet I’ve been dealing with Multiple Myeloma (blood/bone marrow) cancer for 7 years. Literally no known cause. Stem Cell Transplant, 6 rounds of chemo and since then constant chemo maintenance or now monoclonal antibodies. Sure glad I have not just insurance, but good insurance. I hope you buy lottery tickets.
If we eliminated tipping prices would go up to compensate for wages. Two groups would lose. Attractive female waitresses and people that don't currently tip (free loaders). Generous tippers would come out a little better. Personally, I think tipping should be eliminated and restaurants pay fairly and build that cost into pricing. Then free loaders that are not tipping can finally pitch in there fair share for eating out.
Nah it’s fun to be frugal I see the way others are out here make fun of me all u want but I’m gonna be safe and no is not taking up too much of my time because others do stupider stuff with their time
And the true number 1 sign you are overly frugal... You have lots of property generating income; you have lots of investments, you are a huge youtube star, your initials are G.S. and you still won't buy a cup of coffee...
Maybe make a few videos explaining the simplicity in truly building wealth. With all the videos and all the media it's easy to forget the true simple and basic principles that build wealth such as investing and forgetting. By doing just that consistenly every month, you could buy a new haircut everyday until your wallet is dry but if you invested first and never pull it out, then you WILL build wealth. Its so simple but life complicates the hel out of it
There’s no such thing as taking frugality too far. Oh but we care so much that you’re neglecting your health because of it. Great! So pay their medical bills for it. Any takers? Uh…nope.
What was it you said about being humble 🤔 Your channel was more enjoyable when you were the guy next door. Calling yourself an “expert” is a stretch considering every other sentence seems to be straight out of a personal finance book that someone else wrote. The success of your channel seems to be going to your head. Unsubscribed
This guy bothers me no end. He reminds me of a couple ex friends I had a few years ago. The girl thought for some reason that she owned my home. She kept giving unasked for advice on how to decorate it. I told her to mind her own business. Her boyfriend had a problem with the clothes I was wearing. They were Goodwill at the time. My Goodwill has moved, no car I have to Big Lot it. He kept saying you’re dressing down! Had no idea what that meant. When he explained it I said tough! Then he said your clothes reflect on me! Not his girlfriend, him. I told him we’re separate people. My clothes have nothing to with you. Kinda funny coming from him who never shaved let alone wore any tuxedos. So I asked him, are you gonna buy me a new wardrobe? He said no. I said then keep your mouth shut then! I got sick and tired of them inviting me for lunch and I always paid. I said you invite me, you pay the tabs from now on. I’m done. They always knew where the places were and at the time I had a car, they always used mine. Never theirs. Never paid me gas. I got sick of it. You want to go out inviting me, use my car instead of yours, you pay gas money! They didn’t like that. The breaking point came when I was contemplating visiting an e-mail friend in England. I was trying to figure out where to get a never before had passport, got permission from the guy to bring these two with me. They refused to contribute anything to the cost of the trip and expected me to pay for their passports. I refused. Never did go. Couldn’t swing it financially. They even wanted me to go to a family reunion of cousins I didn’t know to get free food! We didn’t go. I wasn’t gonna be miserable with people I didn’t know because they wanted free food. The point is, they were NOT going to control my finances , how to decorate my home, what I ate, what I wore. So seeing this guy dictating to people bothers me. Frugality I know quite well for 30 some years. He said he sometimes wears a shirt many times? I wear them until they become thread bare. Car maintenance he started to talk about which I left? I came up with on my own, to get my car checked out once a year. Cuts down on maintenance repair eventual cost. I no longer have a car forced to give it up having no money in 2010, and to hear people complain about their cars with cost, be grateful you HAVE a car to gripe about! I gave an opinion on people like him who dictate and call it advice. He’s not paying your car repairs, he’s not buying your food, if he commented on clothes after I left, he won’t be buying you a new wardrobe. Why can’t people figure things out for themselves instead of depending on others! No one is going to dictate to me what opinion I give. I keep it clean, I don’t threaten, I don’t name call, and this guy couldn’t care less what I think. But I won’t say what he or others think I should. I don’t tailor my opinions to suit others. I don’t care if people don’t like the length that I write. I don’t write, think, or talk in three syllables to suit those who don’t have a long attention span. Read me or don’t. Your choice. I write for me no one else. I was curious what his video was about, saw some, had opinions and gave them. Get over it, people, and stop griping at me!
Here’s a tip! You have a problem with people you don’t know buying cheap food? YOU find every one of them, YOU buy their food, YOU cook it, YOU serve it, YOU clean up. Eating cheap food beats going hungry which doubt you’ve never done, sir. It’s not your call to decide what others eat if they’re frugal. They didn’t ask your opinion and they don’t need your judgement. Cheap food is NOT taking frugality too far. Beats starving with no food! And I’ve also experienced that too and almost died. You take food for granted judging by cost. You’ve never gone a day hungry I bet.
@@discocycle yes I take it personally. He griped about buying cheap food, namely fast food. And I said it’s not his call to decide for others what they eat UNLESS he’s willing to buy the food he thinks they should have, cook it and present it. Talking about frugality doesn’t mean dictating to others! Cheap food or not, one should be grateful to even have food. ANY food. And since this guy has never gone a day hungry, and I have, who is he to tell frugal people what to eat anyway. I know all about penny pinching nothing wrong with cheap food. It’s like people who say ramen noodles and mac and cheese is Poor food. You can add a lot to both to make it last several days, and no such thing as Poor food or Rich food or Middle Class food. I get annoyed with people like him who decide for others what they do, what they should eat and claim it as advice. Frugal people should figure things out for themselves what they buy! I dumped a couple people a few years ago who was just like this guy! She acted like my place was hers, they never paid for lunch and I got sick of paying and never paid me gas money yet insisted on using my car not their own! One of them even criticized my cheap clothes and I told the guy if he didn’t like my cheap clothes he could buy me new ones. He refused but never said another comment about my clothes. I dumped them both! Tough if you don’t like me not praising him! People have been dumbed down so much they can’t figure things out for themselves! I don’t need YOU telling me what I can and can’t say!
@@discocycle No kidding! My point is that people should figure things out for themselves not be sheep following what others tell them to do. It’s my opinion and I’m stickin’ to it!
This is something I am working on. I am so frugal to the point I never spend my money. I am working on allowing myself to spend money, particularly experiences that I can do with family and friends
Remember that your hard work entitles you to invest in your own quality of life. You’ll never get a letter in the mail telling you that today is the day to be good to yourself. Also, remember that your happiness makes the lives of others around you better too!
As a young adult, I can relate to the need to balance financial responsibility with maintaining a fulfilling life. Sometimes, we might get caught up in the idea of saving every penny, but this video reminds us that neglecting health, relationships, and self-care can lead to long-term consequences. Thanks for sharing this thought-provoking content.
There is no point in saving if you can't enjoy what you've earned.
Screw that!! I'm sacrificing everything!
Plus since I grew up poor I don't need much to be happy.
My issue is FOOD I'm not over weight but I love to eat! But besides this I literally don't do anything besides work and invest in all of my businesses.
Since I'm able to travel for free because of one the businesses I own I'll take that as spoiling myself. Even though when I travel I barely spend any money 🤭
There's a difference between Frugality and being cheap. Frugality is all about being conscious about spending and looking for the best bang for your buck, while being cheap is neglecting everything else and looking for the cheapest option or even waiting till the last second to spend money. There's one that's penny pinching and the other that's consciously spending.
acting frugally is what I do, being cheap is what someone else does
That health point might be the most important piece of advise for anyone that is trying to be frugal. Great video pal!
Some people get dopamine hits from shopping and some from checking their bank account and seeing that high number. Both could be considered toxic and these points in the video are valid in my life. I will work on that
😂😂😂😭😭😭
I'm guilty of this!!!
I just love watching my business account grow!
I do have problems with food though, for example I'm sooo greedy with food that my mom would cook and I would STILL buy food and eat both!
But that's it! I wear the same clothes because I'm always working and I completely stopped interacting with women because women are a MAJOR liability, especially for men like myself.🤭
I’ve heard someone say that a private jet may be a necessity but a fancy car is a luxury. Why? A basic car can do the same job as a fancy one, but huge companies and world leaders have to travel suddenly and there are no alternative options.
My family has taken this to heart. Our favorite thing to do costs thousands of dollars in equipment, but the cheaper options would greatly reduce the quality of the experience. Now that we have the equipment, we will never have to buy it again and use it consistently. I felt guilty for spending the money at first, but it was our tiny version of a “private jet.”
One thing I love about this video is that i don't feel the need to 1.5× the speed. Concise and informative.
The CEO of COCA COLA lecturing on health, how ironic 😂
Get a pet! They’re better than people. You take care of your pet, very few if any serious Vet bills. Pets always give love. Family and so called friends don’t. Been a pet owner for 43 years and if it wasn’t for my now passed on dog and cat I never would’ve survived being penniless, almost starving to death and almost going homeless. They made me fight to recover.
That part about hoarding was a gem. Other really good points as well in this video.
Omg the part on ketchup packets is TOTALLY meeeeeeee!!!!!!! (Along with free plastic utensils, free napkins, free leftovers from work, and reusing glass containers for drinking glasses) …. I think I have a problem… 🤣🤣
Same!😅
Great video. You should never sacrifice health or relationships for money. Health and relationships are what make you truly wealthy. Sharing life with family and friends is what brings true joy and fulfillment.
Spending money smartly is definitely a skill I sometimes forget to use. Once my blow money and maintenance categories hit certain thresholds I know I need to find some way to spend down those budget lines.
Love to know some courses and programs you found helpful and learned a lot from!
friends can be replaced. Having a good family is a privilege and having someone you actually want to create a family with is an even greater privilege
CEO of Coca Cola promoting health made me roll my eyes a bit, ngl.
Thank you for the hoarding part... that's very true.. now that I'm debt free I think that is the next I'm going to concentrate on, been feeling cluttered and want to live more minimalistic.. also health.. need to concentrate on working out more, eating healthier.. This was a good video... thanks..
same here brother. same here!
The tipping standard in USA is ridiculous
The problem is that people who work in hospitality - and many other industries - in USA have extremely low wages and rely on tips to help them get by.
Or it’s inequitable; the minimum wage in California is close to $20.00 per hour, but Oklahoma still has a tipping wage of less than their really low minimum wage, still $7.00 I believe.
Well, 5 star video, and you've earned a new subscriber.
I prefer to spend nothing outside of essentials and reccuring bills, but I spend whatever I want on quality food, and items/services that make it easier/faster to get my work done, be it tools, equipment, or rideshares. Outside of that, I have everything I need and don't need much in the way of clotting, personal items etc, so I am good on avoiding spending on unnecessary items
I’m cheap on a lot of things but I’ve realized I want to spend money on things I want to do. Do I go out to eat everyday? No
Do I spend $1k every 5-6 months in a trip? Yes
another great episode, keep it up Coach TK🎉
I love this episode. My family is being too frugal. Although we saved millions of dollars in networth, we probably should take more vacations.
What a terrific video! I learned a long time ago that small indulgences make you feel good. Like you, I have been meal planning for a number of years so I can save the dollars for the things that will eventually wear out on our home.
Great video! There were a couple of these I needed to hear. Also just subbed!
This was really helpful- thank you sir!
The maintenance light blinking. I’m taking that personally…
I was SO happy with the part of 'treating yourself' and got a Great smile on my face, until he kills the spirit by stating not to go overboard with it...🤣
Been watching you for about 6 months, thanks for all the info. An idea for a video; what balance to keep in your checking account?
I'm suffering a little today so I can take two trips to other countries. These will be the first time I have really had a vacation. One where I'm not cleaning or organizing my house.
It's two years of saving and scraping and after them I will be able to drop money into savings, stocks, myself.
But more importantly I will have the memories and experiences.
Key insights
🎯 "Health is one of those things you'll never get back. Once you lose it." - Brian Dyson, former CEO of Coca-Cola.
🏥 Skipping medical care or going without health insurance can be risky, as medical expenses are the leading cause of bankruptcies in the United States.
💔 Prioritizing saving money over relationships can lead to loneliness, which can be as harmful as smoking or alcoholism.
💰 Taking frugality too far can lead to neglecting necessary home maintenance and repairs, which may end up costing more in the long run.
🚗 "No amount of saving money is worth our safety."
💰 Saving a few dollars on a used or hand-me-down car seat is not worth risking your child's life.
🎯 Don't make frugality the ultimate goal; instead, use it as a tool to design a life that you love.
💼 Investing in yourself and acquiring marketable skills can be an even greater asset for making more money than investing in the stock market.
This was great…. I have an end goal in mind which is to get rid of my debt. So I’ll be frugal af LOL… I know what to watch out for doe once I reach my desired end state!
Wow. If you're avoiding family gatherings because it might cost you a few bucks, then you've definitely gone too far with frugality.
I know a wealthy man who retired in his 40s or maybe 30s, the man has a nice 2 story house in a very nice neighborhood, and he is a true master of min maxing money by having no wife, no kids, lives alone, he eats mostly only instant noodles, old car, collects all the cans in his neighborhood, and only buys things if its on discount 👀 he is by far the most frugal man, but his house is on point, definitely cheap
I don’t know why I’m watching this because I know I spend too much
I wish I could find a place in my state who’ll help Poor fix their homes for little to no cost and do it right. Skip car repairs because people are too frugal? Those who complain about car maintenance should stop griping about cost! At least you still HAVE a car to bellyache about! I was forced to give my car up 13 years ago because had no money to maintain the lease and they refused to lower the cost. People who are frugal shouldn’t yap about car repairs, car maintenance or gas prices! They’re not walking! After getting hit by a non paying attention driver as I crossed the street, being in a car is a hell of a lot safer! Stop griping about your car! You have one! You’re not taking your life in your hands as a pedestrian! You don’t have to walk in bad weather! You don’t have arthritis in your feet and ankles forced to walk because you can’t afford transportation on wheels! If maintaining your cars is such a hassle give it up! I sure wish I had a car to complain about! It’s the last thing on my bucket list to achieve before I go blind.
I refill plastic k cups and use a glue stick to seal on aluminum tops to keep the coffee fresh.
This be savin alot of money😊
that’s hilarious
There's so many times I've drove my car super unsafely because I couldn't afford to fix anything on it
Someone said to me “Lisa Nidog yes but junk food and fast food is not good for you..... that's a fact”. And I say fast food is in the eye of the beholder. If you don’t want to eat it, you don’t think it’s good for you, fine, got no problem with that. But to dictate to others I don’t agree with it. I eat only chicken for the most part. I bake it. Skin on. When I’m done with my chicken mode I eat packaged food in the oven. And I like cup noodles of various flavors. I like it! I pay for it! If someone else doesn’t like those don’t eat it. You’re not paying for my food. Fad diets aren’t good. But it’s their decision to go on them to fit some arbitrary societal ‘norm’ decided by others. As a teen I was stupid enough to do it. That is until I fainted in a bathroom because of diet pills that were the fad of the day. Never again. People take supplements hawked by others until they have a health problem with it like nausea, fast heart rate, headaches because they listened to others. Fast food a fad? it’s been around since I was a kid. I’ve eaten it. The grease makes me sick to my stomach. But who am I to tell people not to eat it. It’s their money. Concerned about others’ health? Yeah…uh you gonna pay any of their medical bills? Uh…no.
For many smoking is bad. My father smoked not much. He got cancer and passed a few years later of lung cancer. I’ve smoked 30 some years. Chain smoker. No cancer. I’d never smoke around a non smoker. I don’t smoke in other people’s homes. They don’t have to tell me. If they come to my place and I need a smoke I go to the kitchen away from them. No one as yet has said don’t smoke in your own home because I’m here. I go in another room. I have to eat several meals a day to keep my blood sugar up being hypoglycemic. I pick my own meals. I don’t ask what others think. Don’t care. It’s the advice thing. And again I wonder why people need others to decide what others should do according to them. I find it odd seeing people waste money on gambling tickets while complaining about inflation. I encountered someone like that in my corner store two months after I tearfully had to give up my car unable to pay the lease. There was a guy complaining loudly how gas prices were so high in 2010. I watched him put down 50 bucks in cash for a big handful each of lotto and scratch off tickets. I said to him since he had no problem complaining out loud about gas prices you could’ve spent that money on gas! I said could’ve, not should’ve. He looked at me as if I fell out of space and ran out. I wasn’t telling him what he should’ve done, but I was ticked that he was complaining about gas prices on a car he was still lucky enough not to have to give up. I’ve been saving up for a car for 14 years. Paying bills keeps getting in the way. Complain about gas prices, insurance costs or repairs? When I get a car I won’t care about that. I’ll have a car again. I’ll have independence again. I won’t be taking my life in my hands crossing the street where one driver hit me in a crosswalk. But until that day comes when I get a car, yes I’ll snarl when ai hear people complaining about their cars. They at least still have one. Yes I’ll snarl when ai hear ‘advice’ about frugality when you barely practice it and what works for you may be not so successful with another. Why? Because too many have tried to dictate to me what to do when to do if ai can do it, what to wear, what to eat. I resist. As an adult figure things out for yourself. Frugality isn’t a bad thing either. Cheap food is better than starving. Done that had no choice. I would’ve eaten someone giving me a hamburger and their arm. Kidding about the arm part. I buy frozen pizza to bake. I like it. Love the cardboard box to use when I need cardboard for my hobby art. You don’t like pizza don’t eat it.
Tipping is not expected in Europe. People in service industry are paid a minimum living wage unless the states
Hate to say this but disagree w the tipping thing. I tip, and I tip well, but not tipping doesn’t make you cheap. Not your job tipsy the workers. That’s the employers job. Especially at fast food places that ask for tips. Tips should be 100% optional and not socially encouraged like they are. But in our society they are almost required
I don't 100% agree on the training part, unless it's referring to proper clothing and shoes to ensure you are supported during your workouts, paying for a gym membership is not a necessity to be active and healthy
I disagree about fitness. You can do so much by running and doing body weight exercises, there are plenty of free resources online
Say it for the people who spend 6 hours to save $50 coupon clipping
That is over $8 an hour after tax, not a bad way to spend some time
If you're making enough to pay 25% in taxes on marginal income than $8/hour is absolutely a bad use of your time.
@@ordinaryhuman5645
That is over minimum wage in itself, listen to David Ramsey, even he says to coupon and take advantage of non perishable items when they are on sale
I am frugal now because I want to save for a house. My goal is to buy it out or at least put 80% down. There’s is one thing I don’t skimp on is time with family.
spend more and get as much land as you can afford. worth it in the long run
Tip: don’t take health advice from ceo of Coca Cola.
Don't be short-sighted
@@abarbar06it’s a legitimate argument, why do we consider a CEO someone worth quoting? You don’t see people quoting the life advice of serial killers or dictators
@@aryjarvis3161perhaps a title should only be part of what makes someone worth listening to. Plenty of homeless people out there with amazing life advice.
@@cougar2013 I agree, I think success is neat, but learning from failure or even just understanding the role luck and circumstance play can be way more enlightening. I always learn more from my own failures
Shirt everyday bro 😮
As someone that's only just recently started his journey into heavy investing & money managing, I am not willing to entertain the idea that you can take frugality too far. Especially in my position where I'm starting late and needing to catch up on saving for retirement.
You definitely can, you will miss out on life experiences and relationships. The other thing is.. what if you drop dead tomorrow? Now all your money is worthless and you didn’t get to use it and enjoy it
@@Christopher876 I recognize that it's not healthy long term but I've been scared straight into not ending up like so many folks that are up to their chins in debt and drowning.
Great job 👏 👍 👌
I needed this video😂😂😂
Damn why he throwing so much shade at Ross
😂
My father only changes the oil in his car once a year since he doesn't put that many miles on it.
oil lasts way longer than it used to. once a year is fine if he doesnt put that many miles on, unless its a lot of short trips. short trips are actually way harder on an engine than long trips, so you'd have to do it more often
@bradhaines3142 He gets the cheap oil too, not the synthetic. An yes, only short trips
Sorry! Can’t afford the the Affordable Care Act and I came from a generation where government didn’t impose health insurance or else. You found your own. I got a waiver from my CPA. And I go years, sometimes a decade between hospital visits which are not in patient. What you think most have they don’t. Stop assuming.
"Don't neglect healthcare"
*laughs in NHS*
I don’t think we’ve taken frugality far enough! Let’s take it further. Start by selling our house and car and live in a cardboard box to save money!
pshh a cardboard box? i live in the wilderness just off the fat of the land. i dig a hole in the ground to use as a bad and usually i find some roadkill to eat but i'm not so lucky every day. anyways, happy harvesting!
I save my money but I spend it all on the club, roofies, and blow.
I agree with most of these except the point on tipping at a restaurant. Tips should be reserved for when a server does their job outstandingly well
The irony in CEO of Coke giving health advice 😅
Thank you Tae, I really needed this video. Sometimes I cheap out on life too much and miss out
I believe I invest as much as I can into myself and my family. But I would never waste money on so-called health care. I do my own healthcare, and I have vibrant health. I spend way more per month on healthy food, supplements, exercise, and education in the health field than I do anywhere else. Outsourced healthcare is almost complete garbage. I would go to a hospital for a broken leg but never for cancer treatment or anything like that. Someone who lives as I do is not at risk for cancer.
Oof you're like Steve Jobs with that mentality on health care. You definitely should go to the hospital for cancer treatment because your health does not dictate whether you get cancer or not.
So, everyone with cancer got it because they didn’t eat healthy enough or use supplements? Entertainingly beyond naive.
While some diseases might have a decent demonstrated causation, I.e lung cancer/emphysema/COPD in a smoker. Most of the reasons for many cancers are completely unknown. In fact you could learn how to set your own broken bone (former EMT here). I never smoked, little alcohol and lived/ate relatively healthy; yet I’ve been dealing with Multiple Myeloma (blood/bone marrow) cancer for 7 years. Literally no known cause. Stem Cell Transplant, 6 rounds of chemo and since then constant chemo maintenance or now monoclonal antibodies. Sure glad I have not just insurance, but good insurance. I hope you buy lottery tickets.
American tip culture is weird to the rest of the world. It isn’t our fault that your boss doesn’t pay you well enough 🤷♂️
If we eliminated tipping prices would go up to compensate for wages.
Two groups would lose. Attractive female waitresses and people that don't currently tip (free loaders).
Generous tippers would come out a little better.
Personally, I think tipping should be eliminated and restaurants pay fairly and build that cost into pricing. Then free loaders that are not tipping can finally pitch in there fair share for eating out.
@@claven3608 Sure I tip, but only when I received great service. It shouldn’t be mandatory to do so…
Nah it’s fun to be frugal I see the way others are out here make fun of me all u want but I’m gonna be safe and no is not taking up too much of my time because others do stupider stuff with their time
And the true number 1 sign you are overly frugal...
You have lots of property generating income; you have lots of investments, you are a huge youtube star, your initials are G.S. and you still won't buy a cup of coffee...
I roast my coffee. It’s way better than most coffee shops, and it saves me a trip. That’s not to say I don’t like an occasional treat.
Wow i have thought about all the points u discussed and taken frugality too far 😂
The ROI on spending money on taking care of your health and seeing specialist when needed far exceeds anything you coud possibly invest in.
Maybe make a few videos explaining the simplicity in truly building wealth. With all the videos and all the media it's easy to forget the true simple and basic principles that build wealth such as investing and forgetting. By doing just that consistenly every month, you could buy a new haircut everyday until your wallet is dry but if you invested first and never pull it out, then you WILL build wealth. Its so simple but life complicates the hel out of it
There’s no such thing as taking frugality too far. Oh but we care so much that you’re neglecting your health because of it. Great! So pay their medical bills for it. Any takers? Uh…nope.
Tip?? Never heard of him
🤘🏻
What was it you said about being humble 🤔 Your channel was more enjoyable when you were the guy next door. Calling yourself an “expert” is a stretch considering every other sentence seems to be straight out of a personal finance book that someone else wrote. The success of your channel seems to be going to your head. Unsubscribed
This guy bothers me no end. He reminds me of a couple ex friends I had a few years ago. The girl thought for some reason that she owned my home. She kept giving unasked for advice on how to decorate it. I told her to mind her own business. Her boyfriend had a problem with the clothes I was wearing. They were Goodwill at the time. My Goodwill has moved, no car I have to Big Lot it. He kept saying you’re dressing down! Had no idea what that meant. When he explained it I said tough! Then he said your clothes reflect on me! Not his girlfriend, him. I told him we’re separate people. My clothes have nothing to with you. Kinda funny coming from him who never shaved let alone wore any tuxedos. So I asked him, are you gonna buy me a new wardrobe? He said no. I said then keep your mouth shut then! I got sick and tired of them inviting me for lunch and I always paid. I said you invite me, you pay the tabs from now on. I’m done. They always knew where the places were and at the time I had a car, they always used mine. Never theirs. Never paid me gas. I got sick of it. You want to go out inviting me, use my car instead of yours, you pay gas money! They didn’t like that. The breaking point came when I was contemplating visiting an e-mail friend in England. I was trying to figure out where to get a never before had passport, got permission from the guy to bring these two with me. They refused to contribute anything to the cost of the trip and expected me to pay for their passports. I refused. Never did go. Couldn’t swing it financially. They even wanted me to go to a family reunion of cousins I didn’t know to get free food! We didn’t go. I wasn’t gonna be miserable with people I didn’t know because they wanted free food. The point is, they were NOT going to control my finances , how to decorate my home, what I ate, what I wore. So seeing this guy dictating to people bothers me. Frugality I know quite well for 30 some years. He said he sometimes wears a shirt many times? I wear them until they become thread bare. Car maintenance he started to talk about which I left? I came up with on my own, to get my car checked out once a year. Cuts down on maintenance repair eventual cost. I no longer have a car forced to give it up having no money in 2010, and to hear people complain about their cars with cost, be grateful you HAVE a car to gripe about!
I gave an opinion on people like him who dictate and call it advice. He’s not paying your car repairs, he’s not buying your food, if he commented on clothes after I left, he won’t be buying you a new wardrobe. Why can’t people figure things out for themselves instead of depending on others!
No one is going to dictate to me what opinion I give. I keep it clean, I don’t threaten, I don’t name call, and this guy couldn’t care less what I think. But I won’t say what he or others think I should. I don’t tailor my opinions to suit others. I don’t care if people don’t like the length that I write. I don’t write, think, or talk in three syllables to suit those who don’t have a long attention span. Read me or don’t. Your choice. I write for me no one else. I was curious what his video was about, saw some, had opinions and gave them. Get over it, people, and stop griping at me!
Here’s a tip! You have a problem with people you don’t know buying cheap food? YOU find every one of them, YOU buy their food, YOU cook it, YOU serve it, YOU clean up. Eating cheap food beats going hungry which doubt you’ve never done, sir. It’s not your call to decide what others eat if they’re frugal. They didn’t ask your opinion and they don’t need your judgement. Cheap food is NOT taking frugality too far. Beats starving with no food! And I’ve also experienced that too and almost died. You take food for granted judging by cost. You’ve never gone a day hungry I bet.
Christ you're taking it personally. He's not talking to people who are starving. He's talking to people who are penny pinching.
@@discocycle yes I take it personally. He griped about buying cheap food, namely fast food. And I said it’s not his call to decide for others what they eat UNLESS he’s willing to buy the food he thinks they should have, cook it and present it. Talking about frugality doesn’t mean dictating to others! Cheap food or not, one should be grateful to even have food. ANY food. And since this guy has never gone a day hungry, and I have, who is he to tell frugal people what to eat anyway. I know all about penny pinching nothing wrong with cheap food. It’s like people who say ramen noodles and mac and cheese is Poor food. You can add a lot to both to make it last several days, and no such thing as Poor food or Rich food or Middle Class food. I get annoyed with people like him who decide for others what they do, what they should eat and claim it as advice. Frugal people should figure things out for themselves what they buy! I dumped a couple people a few years ago who was just like this guy! She acted like my place was hers, they never paid for lunch and I got sick of paying and never paid me gas money yet insisted on using my car not their own! One of them even criticized my cheap clothes and I told the guy if he didn’t like my cheap clothes he could buy me new ones. He refused but never said another comment about my clothes. I dumped them both! Tough if you don’t like me not praising him! People have been dumbed down so much they can’t figure things out for themselves! I don’t need YOU telling me what I can and can’t say!
@@lisanidog8178 it's literally a RUclips video with advice
@@discocycle No kidding! My point is that people should figure things out for themselves not be sheep following what others tell them to do. It’s my opinion and I’m stickin’ to it!
@@lisanidog8178 yes but junk food and fast food is not good for you..... that's a fact
You wear the same shirt everyday?