@@karamleviSo true..... I just sold off things that were taking up too much floor space......and guess what, suddenly the SAME house starts looking LARGE....and SPACIOUS. The act of cleaning and organizing the house give me pleasure and satisfaction. Should have gone this route long back.
When working in Mexico back in the 90s, had a conversation with the locals regarding the misguided American work ethic. His comment: "You Americans, you live to work...in Mexico, we work to live"
I LOVE busy bees.......they help me in driving up my investment portfolio. So long as one knows how to cut out excessive consumer bs from one's life....what's not to like about this "amazing" species of worker bees who is working extra hard for us?
@b-41subject57 Any time is a good time if you've prepared enough. I'm not a minimalist like Cappy. I even bought a NEW car once, but I don't throw cash around either. Twice a month, I withdraw $300, leaving the rest for the usual bills and / or saving. If I see my cash get low, I cut back on going out. When I get change from a purchase, it goes in a jar. There's always an extra 15 or 20 bucks worth if I get in a bind. Pay off every loan early. Even a little bit extra on the principle will go a long way. Especially at the beginning of the loan. My current house was paid before age 50. Have no debts now, and PAY OFF the Visa each month if I buy something online. Take advantage of any 401-K options available. At least enough to get all the company matching you can, but try to go beyond that. It REALLY adds up over the years... amazing! Some factors helped in my case: 1) I live in a state with a lower cost of living. 2) I never "found the RIGHT girl" or married a wrong one. I always managed to slip the hook. 3) I drive cars as long as I can. I've always owned AT LEAST two, even during college. I drove a nice convertible for 33 YEARS, mostly saving it for nice days. My current cars are from 2002 and 2003. Rust isn't much of a problem in the deep south.
Ex wife ran credit card balances for 30+ years. I kept telling her they are a payment mechanism, not a finance mechanism. Divorced for a year, no credit card debt. No car payment. Reasonable mortgage that will be paid off long before I retire. Done.
@@b-41subject57 depends on a lot of things. Ideal situation is but outright, but it is next to impossible to save a half million or so. If the market is slack and interest rates are low, and if your income stream is stable, I would buy with a mortgage if you can get the down payment together and have enough income to live comfortably while paying the mortgage. Do not buy a house if you cannot afford it. My friend bought in way over his head in mid 1987, just before the housing crash. He couldn’t afford furniture for it. Major mistake. It’s much better to observe and learn from the mistakes of others than to experience them yourself.
I started out on the "how much nice stuff can I get" track, but by age 25, I figured out that not owing anyone money made me happier than being in debt and looking at my stuff.
The worst thing about the rockerfeller school system was tying learning with boredom and stress and basically low-key prison for kids, qho would grow up hating learning and basically stay ignorant.
there is absolutely no greater feeling to know that you have no debt and if you lost your job tomorrow you could go2, 5 or even 10+years unemployed and still never miss a payment on anything. that truly is an unbelievable feeling. oh and also going to work and being paid and having most of that paycheck go to you not your slavemaster, ehem i mean lender.
When I was about 50 I was at the bank opening an account or something and the lady there asked me a few questions one was, “If you lost your job tomorrow, how long could you pay your bills?” I thought about it a second and told her if I lived lean I could get by until Social Security kicked in and then until I died. She just kind of stared at me like like she didn’t comprehend or something. I look like your typical working class dude so maybe that was why. One of the reasons I work as much as I do is because I fear my SS check will buy me a small bag of groceries each month.
Happiness is obtained by me when I am not around any other human beings wanting me to do things for them or spending my money buying them things that they want. Happiness is being alone away from lazy selfish narcissist behavior.
My coworkers are surprised I stay home on my days off. They will never understand that it's to get away from them, and everyone they know. That's what brings me true hapiness.
A few years back people around the world were asked to rate their happiness. Once a person has enough income to cover the basics of decent housing-food-med/dental care they were generally happy. After that their level of happiness plateaued more money didn’t do jack.
The number of homes for sale in upscale neighborhoods probably would shock the average person. When I lived in LA, a friend of mine at the time, worked for a real esate broker who covered a well known suburb of LA where a lot of people working in Hollywood lived. He told me, over lunch one day, that half the people driving around in those Range Rovers, Land Rovers in the particular suburb were BANKRUPT. I couldn't believe it. I was like REALLY.
Nothing new here. The book "The millionaire next door" pretty much covered this fucked up aspect of a consumerist society and it's totally brainwashed citizens.
Any considerable time in SoCal and you'd be safe to assume that for most people driving anything newer than 20 years old. Irresponsibility is rewarded. Debt slaves are respectable members of the GDP Country Club - and everyone has to pay whether they're in the club or not. _Keeping Up With The Jones's Makes You Free._
@@karamlevinailed it. It’s a million times sexier too when you re-channel that drive to make exorbitant amounts of money, or actually do and show tremendous self-restraint and instead demonstrate a determination to be extremely self-motivated outside of what one does for money, especially as one gets older and more and more people ‘check out’ and get slow and fat and lazy and use “old age” as an excuse (despite only being mid 30s, for example)
I've spent a lot of time in Vietnam. The average person there lives a sort of forced minimalism. The terms on loans are pretty much predatory, so personal debt is typically pretty low. Mostly renters with a motorbike payment, a cellphone, a karaoke machine, and a TV. Karaoke is huge there. Very few people own any big ticket items like a full sized refrigerator, washer and drier, or car. Most free time is spent socializing, hanging out with friends, consuming outstandingly delicious, affordable food, and beverage. Booze is dirt cheap and pretty decent. Travel is cheap, and the scenery is breathtaking, so road trips are common, and scooters get 50mpg. Lots of tourism companies where you can rent a jetski, quad-bike, dirt bike, boat etc... for less than $20/day and ride it as much as guys here that buy them and ride them once and then turn them into a garage ornament for $20k or more. The bars, clubs, and nightlife are laidback, chill, relaxing, and fun. The typical Vietnamese person is a lot happier than the typical American on 1/10th the budget.
My family used to complain that I don't buy people Christmas gifts. So one year I went and bought some crap and wrapped it up. My sister said I bought stupid gifts. I said thats why I don't buy gifts, and it's the last time I ever do.
@andrewpizzino2514 my wife advocates for that. There's a lot of truth there. But until we have a little more money, at least in my case, she just logs onto Amazon with me and gets me tools for my hobby. It's very good for me. But then again, I have a very particular personality type, so your mileage may vary. 😅
Money can absolutely free you from stress and frustration. It may be true that money can't buy happiness in the starry-eyed Disney princess sense many use it in. But it's an obvious truth to anyone who's ever been flat broke as an adult that money can buy _unhappiness_ out of existence, at least for the motivated and self-sufficient.
This video is another timeless Clarey Classic: The voices, the dry wit and also the message. It feels like a good return to form from the days when he filmed from a car recommending someone "only needs one spoon and one bowl". Funny, hard yet not preachy. Everything he says has substance.
Being happy is just a frame of mind! The higher your aspirations the harder and more expensive it will take to become happy. Then you want something else and the happiness is gone. Kind of like when a child gets a new toy; they soon get bored with it and it gets left in the toy box!
Very true. Happiness is an inside job. It never lasts when we try to make ourselves happy with something from the outside world. (Assuming we have our basic needs met)
@@oldscratch3535 That's a brilliant way to put it. I guarantee a kid with a best friend and cardboard boxes making an imaginary mansion and imagining the possibilities is enjoying life more than than the average guy who actually bought a mansion. He is usually depressed because it's just filled with stuff he doesn't even care about with people that only pretend to care about him. Not to mention the stress of thinking about if you lose your high paying job or carrying a high balance on one of your many credit cards trying to be viewed as a 'success'.
People grow up wanting, then they start doing, and finally decide to just BE. First I wanted the car, then I worked for the car. Now I'm the guy who could pay cash for that car but I decide to BE the one who keeps the money invested. Its more fun knowing that I could do something but i don't need to, and that money is doing useful work on it's own, earning interest.
My dad LOVES to invest and increase his holdings. He gets more happiness from seeing his investment grow than to spend it away on frivolous consumer centric gadgets. Back when I was a kid, I thought my dad was crazy not to "enjoy" the fruits of his labour. But now I know that he was a man WAY ahead of his colleagues....when it came to freedom from work and the stress that constant excessive spending brings. I have also decoupled myself from a consumer centric lifestyle and it brings me great calm. All my friends and office colleagues have been on a spendy lifestyle and it shows in the harried life that they have succumbed to.
You can be happy with very little, but first you need to let go of the idea that you deserve or are entitled to more than what you have which most people are unwilling to do, and not necessarily without good reason either.
The secret is to have enough for your needs, plus the occasional want/treat. Keep your desires under control and never, repeat never, increase your outgoings to match your income when it increases.
Cappy's not kidding about happiness and the last day of school. The last week or so, and especially the last day, was always so joyful it's hard to put into words. Not only was it the end of school but in my hometown it was also a time when the end of winter was still fresh in your mind and sunset was late in the evening. Mid June was a time of pure joy. Every ying has its yang, and the day after Labor Day, when we returned to school, was the most depressing time of the year. It was almost as bad as dealing with the death of a loved one. I used to start dreading the day around the 3rd week of July which was close to the time of those obnoxious back to school commercials. I still remember the first day if 4th grade when one of my classmates mentioned her desk wobbled and my teacher said he would bring in some tools tomorrow to fix it. It really cut me to the core because it made me realize how real it was that summer is over and now his misery is my new reality.
@@Captain_Jack711 There is only one honest series of commercials about back to school. The soundtrack is the Christmas tune "Most wonderful time of the year" and the parents are in bliss while the kids are standing around miserable
@@angelika87 I had that for a couple weeks one year, but later I was a camp counselors in the summers. My first paid job! Yes, I noticed this too. My parents sent me for a week or two one year because they thought I'd enjoy it, but when I worked there I noticed most kids were there all summer. It wasn't just a fun thing, it was baby sitting for the parents.
I joke that this is the real reason many scream about birth rates. The business owners need people who can't afford to tell the boss to shove it, then take a job miles away.
Some things are an internal conflict. I drive old cars and maintain them myself. Problem is I have a garage full of tools I use to maintain the cars...... Cars are so expensive that the tools paid for themselves years... and years ago. I guess I try to only buy things that serve a purpose. Driving that old caravan to pick my daughter up from high school while all the Karens look down on me from there huge new SUVs.... priceless. I mean some of those people are dumb as stumps. They look down on me and they aren't afraid to make it obvious.... I just think to myself... Suburban XL, for when your neighbor has just the regular Suburban.
I am debt free, and I have saved quite a bit of cash in the last few years since I started my business. The stress is still there, you don't get to stop, believe me. I am content, not constantly happy.
Cappy, since this is anonymous my power level is still hidden, but I have a net worth in excess of $1M. The only thing that changed is not from anything that I can buy. It is the piece of mind knowing that at any point I don’t need my job and I can tell them to screw off. Everything else is very nominal happiness at best. However, that piece of mind of knowing that at anytime anyplace I can tell my employer to F-off has brought many nights of peaceful sleep when I would normally be panicked knowing that I was reliant upon someone else for my survival. The marginal benefit of money drops very quickly after a certain point until it’s basically zero. Just like you said if you are reliant upon buying worthless shit to be happy, you’ve got a long painful life ahead.
I still want the stuff that I want, but going into debt for stuff is just foolish. Whatever you want, if you just can't throw your debit card down and say buy me 4 of them right now with no issue at all, then you can't afford it.
Thank you, Aaron Please do more videos on the subject I would write more, but it would offend the FoS sensor bots Your voice, your tone, your energy. I love it. It’s a perfect fit for a SERIES a CATALOG lol on this subject Please don’t delete this, Agent Smith
There are few things better than the peace of mind you get by being debt free🎉. Nothing wrong with having nice things and enjoying life. However, when your needs and desires are easily financed, you have (other than health) the best thing--your time. Retire early, side gig at something you enjoy, stay up late/sleep late and you answer to nobody 😊. If not F... You money, then it's like having a F... You financial situation. Cheers!!!
As my Dad used to say, money can't buy love; but it will rent it for a while. In the age of the red pill, this has taken on an entirely new depth of meaning. 😂
I do have a car payment but it's a car I've always wanted and cash flow is important to me. My DIR is ridiculous and I pay my bills early 1 1/2 years left on a 48 month loan. Men are interested in things and women are interested in people. It's true.
Every woman I've known has a richer, fuller social life than every single man I ever knew except one. Women seem to have an easier time socializing and being invited to things than men
I love money only for a FU MONEY status, feeling of paid house, no debt, mortgage etc is better than new things, the option to not working for a few years because you dont want is just amazing
Im retired and ss covers 80 of all my bills,,,im super thrilled about that i tap into my savings monthly. I have 15yrs of supplementle cash due to strong positive frugality!!!! And good clean chrisitian! Living!!!!!
there is certainly something to be said about not burdening yourself with unnecessary debt and things, but I'd say anyone who can't find happiness in freedom (which is just another word for money) is lacking in creativity. Everyone has different ceilings too, going past that wealth ceiling isn't going to make you happier but until you reach that ceiling, more money absolutely will improve your life.
Yup. You can't be happy if your basic needs aren't met; but after a certain point, more money stops improving your life. It's all in Maslow's hierarchy of needs.
I retired in 9 years, and I only worked 7 years subtracting the job gaps due to being fired 3 times. Managed to buy a 6 bed house that makes the Jonse's blush, and a money printing duplex with an employment record that makes piss poor HR trash throw my resume in the garbage. I have 4 units rented out and I rent a room in someone else's house because I have no legal protection from room mates. Did it as a truck driver. My very existence makes normies upset.
No house, no kids, no college student loan debt, no iron clad contracts, no worries. 😎 I can work enough to cover my month’s or the season’s expenses, then up and quit or let them fire me before my probationary period ends (they love to do that anyway, at will employment state). I can pack up and hit the road whenever I want to, hang out with friends, go target shooting, or drink myself sick over the weekend.
Save $50 a month? how much is their living cost in the first place? If their living cost is $2000 a month, congratulations. You need to work 3.3 years just to afford 1 month of emergency funds. People in poorer countries can save more than that. And those kind of savings can last you longer there too.
As someone with money I can tell you real happiness comes from not having to worry about things. You can have expensive houses, clothes, cars, etc. but if you're worried about being even more rich compared to billionaires you won't be happy. You can be a billionaire, but if you're worried about your family falling apart you won't be happy. You can have all you need and want, but if your wife wants more beyond your capabilities you will worry and be unhappy.
You keep the things you get so you can give them to someone else. Oooooh nice thing... does it have sentimental value? No? Wonderful, put it right there.
I have never let another human tell me what has value i find it where i want to,,,so im free,,,,, my life is filled with. Joy from my interpritation of things according to my perceptions
He's NOT wrong. I topped out earning 60,000 per year. I actually reached that "magic net worth" for about a month. Of course, that amount went to Hell in early 2021. FJB Edit: Corrected typo of the date... see clever replies below
@Jonathan-Shadow Obviously, a new regime took control in D.C. 2 weeks later, what I gained from the past YEAR was erased. We're talking mostly about my 401-K type retirement fund here. It's based on the Forbes 500. I'm sure there's still a "descent" amount in it, but I'm afraid to check. It shrank to 50% during the housing crisis and took forever to get back to where it was. Will I even live long enough for it to come back this time. I was all set to start using it, now it's prudent to wait & hope it comes back. Keep in mind that a million bucks only works out to 50 grand per year for age 60 to 80. With the in(sane)flation we have now, its ACTUAL buying power is much less than that. At least I'm out of debt. When I paid off the house, I started putting the payment amount into the fund. I was living off the same spending level as I always had, but saving at the same time.
@@lawr5764 It was an autistic reply (im actually autistic lol) you put 1021 instead of 2021. You were some serious financial time traveller 🧳 Everything you explained im fully aware of. I just gave up on this shitty island called the UK. It’s way worse here. There is no escape. I know how to end things though it’s pretty easy. Just staying here at the minute for my dog. Maybe once my parents go.
@Jonathan-Shadow Thanks for pointing out my typo of the date. (Corrected it now) I've been hearing about the situations in the UK. I catch the u-tube postings from PODCAST OF THE LOTUS EATERS frequently. I always thought if everything went to 💩 in the US, I could go there or to Ireland and not have to acquire a new language. I don't think I'd want to do that nowadays.
The actual principle part of my mortgage is around $300 a month. If times are good, I can pay more, if they are bad I pay the minimum. I probably won't pay more though. I'll let the bank keep that 3% investment for the next 18 years. I might pay it off, but only with a big principle reduction.
No car loans. All 5 vehicles paid in cash. Sure theyre older but im happy when im drivin em or wrenchin on em. No student loan debt. Only payments are my house and typical bills (electric and insurance). Know what i had to spend money on this week? Some groceries and gas. Oh and the gf had me a 6pk of beer waitin for me when i got to her house.
The main problem with the cut spending aspect is it depends where you live. Try living on this shitty hell hole island called the UK. It has one of the most highest density of people per square metre. It’s 67,000,000 and rising heavily. Now with such little space and the population increasing, how is everyone meant to be homed? More competition for jobs (the word competition is wrong anyway - that would imply you can compete - a job with 400+ applicants is not competing). Even getting a job in the supermarket lol. I checked Tesco and Sainsbury’s of out interest - 200+ applicants. And that’s for a low low salary - nothing to live on in the area. Even moving out of London to cheaper area - where are the jobs? There aren’t any. The ones that are viable are the same situation as London - the living wage doesn’t match the living aspect. The amount of people that flat share or house share is insane in London. It’s not people spending on luxury goods and all that. It’s too many people. Free health care? Lmao - they told me I’m undiagnosed autistic after 35 years. They are going to help me address it - wait time - 3 years lol. Their answer before was give me a crap load of pills. So even though the US and UK are very western in design (we get handed down all your nonsense that your country comes up with) the UK has no space and keeps increasing.
A huge part of the problem is value added tax and overregulation. But in the realm of things you can control, I'd be looking at getting a trade; plumber, electrician, auto/diesel mechanic. Those jobs are in demand pretty much everywhere, generally pay well, and give you better life options.
@@michaeldavis3819 lol. I’m in the property industry. All those fields you mentioned - you need to know individuals in order to get jobs. I don’t know where you live or how old you are but you clearly don’t know the London property market and how things operate even with contractors. So no, you have no control. You know a portfolio landlord and they like you enough to have you carry out works fine. But most contractors do the larger jobs and they are all based on a who you know basis - NOT becoming a plumber, electrician, etc and saying look I’m qualified I can do it.
Minimalism is the best financial retraining i ever done. Read "all thats left" from the minalists. Life changing stuff. Work more Spend less Invest. Simple.
I remember when we got the stimulus checks and I was talking to a friend and she was so excited over a couple thousand dollars. I said that we will pay for those checks many times over with the inflation that it will cause. Long story short, I was right.
We’re up against the wall. After 2008, Boomers largely benefited from money printing as many of them already held assets in their retirement accounts and of course real estate. Those assets inflated increasing their net worths offsetting the decrease in purchasing power per dollar earned. As time has gone on, a larger percentage of Americans never had the opportunity to acquire any hard assets, so they gain nothing from inflation. This is what will eventually cause civil unrest in this country. As the cohort of the population grows who can’t make ends meet, the government will continue to print money in an attempt to stave off civil unrest. The problem is that since these people own nothing it just makes them poorer, and they will get angrier. These people don’t care about debt, the won’t care about pinching pennies, they will be hungry, and large houses in affluent suburbs will be the first targets for angry mobs. It will be an “eat the rich” scenario. Think of Mario Antionette. We have heard the siren call of the boomers “And let them eat avocado Toast!” It’s gonna get rough. Any wise well-to-do folks who have the choice have largely already left the cities. Any elderly person who ignores the signs and decides to hold up in their McMansion while hordes of angry ethnics are roving their neighborhoods will be in a tough spot indeed, but of course, you could always keep your head in the sand.
Net income a month 6700 400 retirement plan 250 private retirement plan tier2 200 tier 3 tax free savings account 1375 rent 95 car insurance 100 gas I don't use the car much 30 Plates and tags for car 30 cellphone bill 0 car paid 200 rice and bread 52 gym 52 public transport I invest 3000 to 3500 a month. I'm of year 2.4 of doing this.. Just another 2 years. Then I'm reducing my work by 30 to 50 percent.
Its idiotic how Mericans exclude sales tax talk about price of something but they are proudly including tax money that they never see when asked about salary. Is it to make people less depressed, make ppl think they pay less than you do and earn more than they do. Also tippin....out of Gee depression yet or
Sorry, Cappy, you have always been completely wrong on happiness. Because you and everybody else confuse happiness and pleasure. Happiness is a mental attitude and can be maintained. No matter what, no matter what you're going through. No matter what the environment or outside is pressure is or what you derive from environment. Which is what you confuse with happiness. Still love you. 2:11
I can lease a phone for 1/3 the cost of buying it, for the 2 year contract, so instead of 6 years with one phone, for the same cost, I get 6 years of always having the newest phone. Tech depreciation makes this make sense. more than a car lease.
Lol. Are your really so important that people need to contact you 24/7? People used to have the same "phone" for decades. Even those that were considered important.
The sad thing is that Mr. Cleary, even at the peak of his rage-filled glory, is still more relaxed than a pair of DINKs pulling 100k each and living paycheck to paycheck. If my household pulled down 200k per year and we were still struggling to make ends meet I would drive to the nearest mental hospital and demand that they immediately throw me into the rubber room and throw away the key.
Anyone can make themselves richer by reducing their needs. Also, anyone can make themselves happier by reducing their wants.
And controlling what you can, and improving what’s improvable.
Call something a luxury and it is.
Cleaning and organizing is a luxury to me.
Been saying it for years: it's all about understanding the difference between WANTS and NEEDS
@@karamleviSo true.....
I just sold off things that were taking up too much floor space......and guess what, suddenly the SAME house starts looking LARGE....and SPACIOUS.
The act of cleaning and organizing the house give me pleasure and satisfaction.
Should have gone this route long back.
Tell that to a female.
@@BuildingMakingDoingWhy bother? Keep your money and leave her to her misery.
When working in Mexico back in the 90s, had a conversation with the locals regarding the misguided American work ethic.
His comment:
"You Americans, you live to work...in Mexico, we work to live"
I LOVE busy bees.......they help me in driving up my investment portfolio.
So long as one knows how to cut out excessive consumer bs from one's life....what's not to like about this "amazing" species of worker bees who is working extra hard for us?
That's been my motto for decades. Retired when I turned 56.
Yet the Mexicans all want to come to the USA and we get mad they don’t work when they get here
@@lawr5764do you think 52 is a good age to retire at?
@b-41subject57 Any time is a good time if you've prepared enough. I'm not a minimalist like Cappy. I even bought a NEW car once, but I don't throw cash around either. Twice a month, I withdraw $300, leaving the rest for the usual bills and / or saving. If I see my cash get low, I cut back on going out. When I get change from a purchase, it goes in a jar. There's always an extra 15 or 20 bucks worth if I get in a bind.
Pay off every loan early. Even a little bit extra on the principle will go a long way. Especially at the beginning of the loan. My current house was paid before age 50. Have no debts now, and PAY OFF the Visa each month if I buy something online.
Take advantage of any 401-K options available. At least enough to get all the company matching you can, but try to go beyond that. It REALLY adds up over the years... amazing!
Some factors helped in my case:
1) I live in a state with a lower cost of living.
2) I never "found the RIGHT girl" or married a wrong one. I always managed to slip the hook.
3) I drive cars as long as I can. I've always owned AT LEAST two, even during college. I drove a nice convertible for 33 YEARS, mostly saving it for nice days. My current cars are from 2002 and 2003. Rust isn't much of a problem in the deep south.
Ex wife ran credit card balances for 30+ years. I kept telling her they are a payment mechanism, not a finance mechanism. Divorced for a year, no credit card debt. No car payment. Reasonable mortgage that will be paid off long before I retire. Done.
Is it better to buy a house outright, or just save until you can make a big down-payment on it?
@@b-41subject57 depends on a lot of things. Ideal situation is but outright, but it is next to impossible to save a half million or so. If the market is slack and interest rates are low, and if your income stream is stable, I would buy with a mortgage if you can get the down payment together and have enough income to live comfortably while paying the mortgage. Do not buy a house if you cannot afford it. My friend bought in way over his head in mid 1987, just before the housing crash. He couldn’t afford furniture for it. Major mistake. It’s much better to observe and learn from the mistakes of others than to experience them yourself.
@@b-41subject57I presume if his house is paid off long before he reitires, he managed to put an adequate down-payment on it.
I started out on the "how much nice stuff can I get" track, but by age 25, I figured out that not owing anyone money made me happier than being in debt and looking at my stuff.
Good health is happiness. We dont understand this until it fails.
The worst thing about the rockerfeller school system was tying learning with boredom and stress and basically low-key prison for kids, qho would grow up hating learning and basically stay ignorant.
there is absolutely no greater feeling to know that you have no debt and if you lost your job tomorrow you could go2, 5 or even 10+years unemployed and still never miss a payment on anything. that truly is an unbelievable feeling. oh and also going to work and being paid and having most of that paycheck go to you not your slavemaster, ehem i mean lender.
It’s empowering asf
I have no debt. Its just normal to me really. Now I'm just saving for a house....
When I was about 50 I was at the bank opening an account or something and the lady there asked me a few questions one was, “If you lost your job tomorrow, how long could you pay your bills?” I thought about it a second and told her if I lived lean I could get by until Social Security kicked in and then until I died. She just kind of stared at me like like she didn’t comprehend or something. I look like your typical working class dude so maybe that was why. One of the reasons I work as much as I do is because I fear my SS check will buy me a small bag of groceries each month.
@@highdesertutah in in my early 30s, and I honestly don't believe social security will be around when I get to the required age
same age as you. we know not to depend on SS being there by the time we need it.
No debt makes a wealthy man.
Happiness is obtained by me when I am not around any other human beings wanting me to do things for them or spending my money buying them things that they want. Happiness is being alone away from lazy selfish narcissist behavior.
And hangin out with a good-boi
I despise most modern hoomans
My coworkers are surprised I stay home on my days off. They will never understand that it's to get away from them, and everyone they know. That's what brings me true hapiness.
A few years back people around the world were asked to rate their happiness. Once a person has enough income to cover the basics of decent housing-food-med/dental care they were generally happy. After that their level of happiness plateaued more money didn’t do jack.
The number of homes for sale in upscale neighborhoods probably would shock the average person. When I lived in LA, a friend of mine at the time, worked for a real esate broker who covered a well known suburb of LA where a lot of people working in Hollywood lived. He told me, over lunch one day, that half the people driving around in those Range Rovers, Land Rovers in the particular suburb were BANKRUPT. I couldn't believe it. I was like REALLY.
Nothing new here.
The book "The millionaire next door" pretty much covered this fucked up aspect of a consumerist society and it's totally brainwashed citizens.
That makes sense… it’s hard to be different. Takes serious social skills and inner confidence or sociopathy.
Totally believable
Any considerable time in SoCal and you'd be safe to assume that for most people driving anything newer than 20 years old. Irresponsibility is rewarded. Debt slaves are respectable members of the GDP Country Club - and everyone has to pay whether they're in the club or not. _Keeping Up With The Jones's Makes You Free._
@@karamlevinailed it. It’s a million times sexier too when you re-channel that drive to make exorbitant amounts of money, or actually do and show tremendous self-restraint and instead demonstrate a determination to be extremely self-motivated outside of what one does for money, especially as one gets older and more and more people ‘check out’ and get slow and fat and lazy and use “old age” as an excuse (despite only being mid 30s, for example)
I've spent a lot of time in Vietnam. The average person there lives a sort of forced minimalism. The terms on loans are pretty much predatory, so personal debt is typically pretty low. Mostly renters with a motorbike payment, a cellphone, a karaoke machine, and a TV. Karaoke is huge there. Very few people own any big ticket items like a full sized refrigerator, washer and drier, or car.
Most free time is spent socializing, hanging out with friends, consuming outstandingly delicious, affordable food, and beverage. Booze is dirt cheap and pretty decent. Travel is cheap, and the scenery is breathtaking, so road trips are common, and scooters get 50mpg. Lots of tourism companies where you can rent a jetski, quad-bike, dirt bike, boat etc... for less than $20/day and ride it as much as guys here that buy them and ride them once and then turn them into a garage ornament for $20k or more. The bars, clubs, and nightlife are laidback, chill, relaxing, and fun. The typical Vietnamese person is a lot happier than the typical American on 1/10th the budget.
And the women are thin and pretty!
@@ChessDiagnostic VERY!!!
Middle class families in SEA are happy as.
@bigbrother8495 Yes. I aspire to retire as one!!!
Anyone can make themselves richer by reducing their needs. Also, anyone can make themselves happier by reducing their wants.
Key to happiness, 1 part dread, 2 parts painful exercise = 1 part happiness.
My family used to complain that I don't buy people Christmas gifts.
So one year I went and bought some crap and wrapped it up.
My sister said I bought stupid gifts.
I said thats why I don't buy gifts, and it's the last time I ever do.
I buy events. Who remembers gifts other then childhood
@andrewpizzino2514 my wife advocates for that. There's a lot of truth there.
But until we have a little more money, at least in my case, she just logs onto Amazon with me and gets me tools for my hobby. It's very good for me. But then again, I have a very particular personality type, so your mileage may vary. 😅
Cappy's rants have officially reached epic level lol.
All women need to hear this. I tried telling my ex happiness cannot be a goal. Because happiness isn't sustainable and only contentment is.
I really appreciate you Clarey. You’re a solid dude. 👊🏾
It's amusing how he's not the asshole.
Money can absolutely free you from stress and frustration. It may be true that money can't buy happiness in the starry-eyed Disney princess sense many use it in. But it's an obvious truth to anyone who's ever been flat broke as an adult that money can buy _unhappiness_ out of existence, at least for the motivated and self-sufficient.
"The things you own.... end up owning you!"
This video is another timeless Clarey Classic: The voices, the dry wit and also the message. It feels like a good return to form from the days when he filmed from a car recommending someone "only needs one spoon and one bowl". Funny, hard yet not preachy. Everything he says has substance.
And the hat
Being happy is just a frame of mind! The higher your aspirations the harder and more expensive it will take to become happy. Then you want something else and the happiness is gone. Kind of like when a child gets a new toy; they soon get bored with it and it gets left in the toy box!
Very true. Happiness is an inside job. It never lasts when we try to make ourselves happy with something from the outside world.
(Assuming we have our basic needs met)
Sounds like cope for falling behind in life
@@sponkmcdonk3898Compared to who? If I'm content with a cardboard box and you're unhappy in a mansion then who's really winning here?
@@oldscratch3535 That's a brilliant way to put it. I guarantee a kid with a best friend and cardboard boxes making an imaginary mansion and imagining the possibilities is enjoying life more than than the average guy who actually bought a mansion. He is usually depressed because it's just filled with stuff he doesn't even care about with people that only pretend to care about him. Not to mention the stress of thinking about if you lose your high paying job or carrying a high balance on one of your many credit cards trying to be viewed as a 'success'.
People grow up wanting, then they start doing, and finally decide to just BE. First I wanted the car, then I worked for the car. Now I'm the guy who could pay cash for that car but I decide to BE the one who keeps the money invested. Its more fun knowing that I could do something but i don't need to, and that money is doing useful work on it's own, earning interest.
My dad LOVES to invest and increase his holdings.
He gets more happiness from seeing his investment grow than to spend it away on frivolous consumer centric gadgets.
Back when I was a kid, I thought my dad was crazy not to "enjoy" the fruits of his labour.
But now I know that he was a man WAY ahead of his colleagues....when it came to freedom from work and the stress that constant excessive spending brings.
I have also decoupled myself from a consumer centric lifestyle and it brings me great calm.
All my friends and office colleagues have been on a spendy lifestyle and it shows in the harried life that they have succumbed to.
47:47 that advice is worth more than 500 bucks, but I can't pay for it because my ex-wife took all my money when she divorced.
I’ve noticed people tend to confuse happiness and comfort
Yesssss, it is so wonderful not having debt!
You can be happy with very little, but first you need to let go of the idea that you deserve or are entitled to more than what you have which most people are unwilling to do, and not necessarily without good reason either.
I’ve just spent 4 months offshore without internet and I come back and Cappy is killing it!
No Debt, savings, food in the fridge, Golf game decent, still strong as an ox, never married and loving life....I'm happy! Timmy C Arizona
The secret is to have enough for your needs, plus the occasional want/treat. Keep your desires under control and never, repeat never, increase your outgoings to match your income when it increases.
Cappy's not kidding about happiness and the last day of school. The last week or so, and especially the last day, was always so joyful it's hard to put into words. Not only was it the end of school but in my hometown it was also a time when the end of winter was still fresh in your mind and sunset was late in the evening. Mid June was a time of pure joy.
Every ying has its yang, and the day after Labor Day, when we returned to school, was the most depressing time of the year. It was almost as bad as dealing with the death of a loved one. I used to start dreading the day around the 3rd week of July which was close to the time of those obnoxious back to school commercials.
I still remember the first day if 4th grade when one of my classmates mentioned her desk wobbled and my teacher said he would bring in some tools tomorrow to fix it. It really cut me to the core because it made me realize how real it was that summer is over and now his misery is my new reality.
Teachers feel the same way about September.
That was one of my happiest times was during summer vacation
@@Captain_Jack711 There is only one honest series of commercials about back to school. The soundtrack is the Christmas tune "Most wonderful time of the year" and the parents are in bliss while the kids are standing around miserable
I couldn't wait to go back to school... but I unrealized it's only because my parents dumped me at the YMCA/community center every summer.
@@angelika87 I had that for a couple weeks one year, but later I was a camp counselors in the summers. My first paid job! Yes, I noticed this too. My parents sent me for a week or two one year because they thought I'd enjoy it, but when I worked there I noticed most kids were there all summer. It wasn't just a fun thing, it was baby sitting for the parents.
But in an interview pretend to be in debt. Then get the job and watch your bosses face when they realize they can’t control you completely 😂🎉
I joke that this is the real reason many scream about birth rates.
The business owners need people who can't afford to tell the boss to shove it, then take a job miles away.
Some things are an internal conflict. I drive old cars and maintain them myself. Problem is I have a garage full of tools I use to maintain the cars...... Cars are so expensive that the tools paid for themselves years... and years ago. I guess I try to only buy things that serve a purpose.
Driving that old caravan to pick my daughter up from high school while all the Karens look down on me from there huge new SUVs.... priceless. I mean some of those people are dumb as stumps. They look down on me and they aren't afraid to make it obvious.... I just think to myself... Suburban XL, for when your neighbor has just the regular Suburban.
I am a PROUD MINIMALIST!!!
I am debt free, and I have saved quite a bit of cash in the last few years since I started my business. The stress is still there, you don't get to stop, believe me. I am content, not constantly happy.
Cappy, since this is anonymous my power level is still hidden, but I have a net worth in excess of $1M. The only thing that changed is not from anything that I can buy. It is the piece of mind knowing that at any point I don’t need my job and I can tell them to screw off. Everything else is very nominal happiness at best. However, that piece of mind of knowing that at anytime anyplace I can tell my employer to F-off has brought many nights of peaceful sleep when I would normally be panicked knowing that I was reliant upon someone else for my survival. The marginal benefit of money drops very quickly after a certain point until it’s basically zero. Just like you said if you are reliant upon buying worthless shit to be happy, you’ve got a long painful life ahead.
Absolutely
My fiance moved in, and the clutter issue has literally become an existential issue for our relationship.
I feel this. SO. HARD.
Maybe Cappy does not know where to go shopping.
When you get to the point that the bank teller says it's not safe having so much in a checking account is bizarre.
I still want the stuff that I want, but going into debt for stuff is just foolish. Whatever you want, if you just can't throw your debit card down and say buy me 4 of them right now with no issue at all, then you can't afford it.
Thank you, Aaron
Please do more videos on the subject
I would write more, but it would offend the FoS sensor bots
Your voice, your tone, your energy. I love it. It’s a perfect fit for a SERIES a CATALOG lol on this subject
Please don’t delete this, Agent Smith
I wouldn't be happy even if I rule the world.
UBI might be cheaper to administer than welfare.
There are few things better than the peace of mind you get by being debt free🎉. Nothing wrong with having nice things and enjoying life. However, when your needs and desires are easily financed, you have (other than health) the best thing--your time. Retire early, side gig at something you enjoy, stay up late/sleep late and you answer to nobody 😊. If not F... You money, then it's like having a F... You financial situation. Cheers!!!
I’ve been extremely happy every day in my M340i, but I’m someone who can “relive” the excitement, for experiences and things I really enjoy.
Such uncommon common sense..great job cappy
As my Dad used to say, money can't buy love; but it will rent it for a while.
In the age of the red pill, this has taken on an entirely new depth of meaning. 😂
I do have a car payment but it's a car I've always wanted and cash flow is important to me. My DIR is ridiculous and I pay my bills early 1 1/2 years left on a 48 month loan. Men are interested in things and women are interested in people. It's true.
Every woman I've known has a richer, fuller social life than every single man I ever knew except one. Women seem to have an easier time socializing and being invited to things than men
Buying a new car makes sense so long as you keep it at least 10 years. This is what I usually do.
I love money only for a FU MONEY status, feeling of paid house, no debt, mortgage etc is better than new things, the option to not working for a few years because you dont want is just amazing
Im retired and ss covers 80 of all my bills,,,im super thrilled about that i tap into my savings monthly. I have 15yrs of supplementle cash due to strong positive frugality!!!! And good clean chrisitian! Living!!!!!
there is certainly something to be said about not burdening yourself with unnecessary debt and things, but I'd say anyone who can't find happiness in freedom (which is just another word for money) is lacking in creativity. Everyone has different ceilings too, going past that wealth ceiling isn't going to make you happier but until you reach that ceiling, more money absolutely will improve your life.
Yup.
You can't be happy if your basic needs aren't met; but after a certain point, more money stops improving your life. It's all in Maslow's hierarchy of needs.
Usury and interest.
I retired in 9 years, and I only worked 7 years subtracting the job gaps due to being fired 3 times.
Managed to buy a 6 bed house that makes the Jonse's blush, and a money printing duplex with an employment record that makes piss poor HR trash throw my resume in the garbage.
I have 4 units rented out and I rent a room in someone else's house because I have no legal protection from room mates.
Did it as a truck driver.
My very existence makes normies upset.
No house, no kids, no college student loan debt, no iron clad contracts, no worries. 😎 I can work enough to cover my month’s or the season’s expenses, then up and quit or let them fire me before my probationary period ends (they love to do that anyway, at will employment state). I can pack up and hit the road whenever I want to, hang out with friends, go target shooting, or drink myself sick over the weekend.
Save $50 a month? how much is their living cost in the first place? If their living cost is $2000 a month, congratulations. You need to work 3.3 years just to afford 1 month of emergency funds.
People in poorer countries can save more than that. And those kind of savings can last you longer there too.
As someone with money I can tell you real happiness comes from not having to worry about things. You can have expensive houses, clothes, cars, etc. but if you're worried about being even more rich compared to billionaires you won't be happy.
You can be a billionaire, but if you're worried about your family falling apart you won't be happy.
You can have all you need and want, but if your wife wants more beyond your capabilities you will worry and be unhappy.
You keep the things you get so you can give them to someone else. Oooooh nice thing... does it have sentimental value? No? Wonderful, put it right there.
You are right, Captain. I majored in engineering. You are so right. We are just like Fred Nietzsche.
Bring happy is a choice.
Money is a tool.
I have never let another human tell me what has value i find it where i want to,,,so im free,,,,, my life is filled with. Joy from my interpritation of things according to my perceptions
I pay $9.00/mo for a Tello phone. Don't know why people pay more for phone service.
He's NOT wrong. I topped out earning 60,000 per year. I actually reached that "magic net worth" for about a month. Of course, that amount went to Hell in early 2021.
FJB
Edit: Corrected typo of the date... see clever replies below
Mmm WJYL
With Jews You Lose
Damn. You must have known people who knew Jesus. Pretty close to B.C timeline. What happened in 1021?
@Jonathan-Shadow Obviously, a new regime took control in D.C. 2 weeks later, what I gained from the past YEAR was erased.
We're talking mostly about my 401-K type retirement fund here. It's based on the Forbes 500. I'm sure there's still a "descent" amount in it, but I'm afraid to check. It shrank to 50% during the housing crisis and took forever to get back to where it was. Will I even live long enough for it to come back this time. I was all set to start using it, now it's prudent to wait & hope it comes back.
Keep in mind that a million bucks only works out to 50 grand per year for age 60 to 80. With the in(sane)flation we have now, its ACTUAL buying power is much less than that.
At least I'm out of debt. When I paid off the house, I started putting the payment amount into the fund. I was living off the same spending level as I always had, but saving at the same time.
@@lawr5764 It was an autistic reply (im actually autistic lol) you put 1021 instead of 2021. You were some serious financial time traveller 🧳
Everything you explained im fully aware of. I just gave up on this shitty island called the UK. It’s way worse here. There is no escape. I know how to end things though it’s pretty easy. Just staying here at the minute for my dog. Maybe once my parents go.
@Jonathan-Shadow Thanks for pointing out my typo of the date. (Corrected it now) I've been hearing about the situations in the UK. I catch the u-tube postings from PODCAST OF THE LOTUS EATERS frequently. I always thought if everything went to 💩 in the US, I could go there or to Ireland and not have to acquire a new language. I don't think I'd want to do that nowadays.
The actual principle part of my mortgage is around $300 a month. If times are good, I can pay more, if they are bad I pay the minimum. I probably won't pay more though. I'll let the bank keep that 3% investment for the next 18 years. I might pay it off, but only with a big principle reduction.
Thanks Aaron. This one was rich.
The Beatles also sang "Fun is the one thing that money can't buy." I love The Beatles, but that's a load of crap. So they weren't infallible.
We need the 5000 dollar bag it goes with the Range Rover we need the car to put the bag in.
No car loans. All 5 vehicles paid in cash. Sure theyre older but im happy when im drivin em or wrenchin on em. No student loan debt. Only payments are my house and typical bills (electric and insurance). Know what i had to spend money on this week? Some groceries and gas. Oh and the gf had me a 6pk of beer waitin for me when i got to her house.
The main problem with the cut spending aspect is it depends where you live.
Try living on this shitty hell hole island called the UK. It has one of the most highest density of people per square metre. It’s 67,000,000 and rising heavily. Now with such little space and the population increasing, how is everyone meant to be homed? More competition for jobs (the word competition is wrong anyway - that would imply you can compete - a job with 400+ applicants is not competing).
Even getting a job in the supermarket lol. I checked Tesco and Sainsbury’s of out interest - 200+ applicants. And that’s for a low low salary - nothing to live on in the area. Even moving out of London to cheaper area - where are the jobs? There aren’t any. The ones that are viable are the same situation as London - the living wage doesn’t match the living aspect.
The amount of people that flat share or house share is insane in London. It’s not people spending on luxury goods and all that. It’s too many people. Free health care? Lmao - they told me I’m undiagnosed autistic after 35 years. They are going to help me address it - wait time - 3 years lol. Their answer before was give me a crap load of pills. So even though the US and UK are very western in design (we get handed down all your nonsense that your country comes up with) the UK has no space and keeps increasing.
A huge part of the problem is value added tax and overregulation. But in the realm of things you can control, I'd be looking at getting a trade; plumber, electrician, auto/diesel mechanic. Those jobs are in demand pretty much everywhere, generally pay well, and give you better life options.
@@michaeldavis3819 lol. I’m in the property industry. All those fields you mentioned - you need to know individuals in order to get jobs. I don’t know where you live or how old you are but you clearly don’t know the London property market and how things operate even with contractors. So no, you have no control. You know a portfolio landlord and they like you enough to have you carry out works fine. But most contractors do the larger jobs and they are all based on a who you know basis - NOT becoming a plumber, electrician, etc and saying look I’m qualified I can do it.
I like having a savings that makes more money than I spend on the interest of my mortgage.
i will never not love it when cappy imitates/mocks ppl 💀
You can’t buy happiness, but you can rent love.
My financial woes all come from involvement with women.
And none are virgins
Because we go to school for useless crap and then spend the money from a minimum wage job or from daddy on even more useless crap?
I am going to be Cappy in 15 years. I live exactly as he does.
ha ha great reference to
The Warriors
Not every meal has to be a treat!!
Minimalism is the best financial retraining i ever done. Read "all thats left" from the minalists. Life changing stuff.
Work more
Spend less
Invest.
Simple.
I’m happy. Bills are paid. Open relationship with a beautiful woman. Divorced. Kids. 50 years old.
"If you get anything, you have to get this:
Having money's not everything
Not having it is"
-The artist formerly know as Kanye West
I remember when we got the stimulus checks and I was talking to a friend and she was so excited over a couple thousand dollars. I said that we will pay for those checks many times over with the inflation that it will cause. Long story short, I was right.
"Don't get married." Worth 500.00
Your math is wrong but message is correct.
Don't get married
@@tsriftsal3581 I quoted Aaron.
So you’re saying I shouldn’t order a 2024 Harvest Sunrise Final Edition TRX? 😂 ‘Mericaw‼️🦅🇺🇸👍😂
Socailist witch is a apt label for those being. May they embrace agreeableness and repent.
35:10 - 37:00 LOL the impressions of the delusional boomer and the story itself were amazing
We’re up against the wall. After 2008, Boomers largely benefited from money printing as many of them already held assets in their retirement accounts and of course real estate. Those assets inflated increasing their net worths offsetting the decrease in purchasing power per dollar earned. As time has gone on, a larger percentage of Americans never had the opportunity to acquire any hard assets, so they gain nothing from inflation. This is what will eventually cause civil unrest in this country. As the cohort of the population grows who can’t make ends meet, the government will continue to print money in an attempt to stave off civil unrest. The problem is that since these people own nothing it just makes them poorer, and they will get angrier. These people don’t care about debt, the won’t care about pinching pennies, they will be hungry, and large houses in affluent suburbs will be the first targets for angry mobs. It will be an “eat the rich” scenario. Think of Mario Antionette. We have heard the siren call of the boomers “And let them eat avocado Toast!” It’s gonna get rough. Any wise well-to-do folks who have the choice have largely already left the cities. Any elderly person who ignores the signs and decides to hold up in their McMansion while hordes of angry ethnics are roving their neighborhoods will be in a tough spot indeed, but of course, you could always keep your head in the sand.
Banker Hunter…….
Cappy with a mustache will be awesome!
Net income a month
6700
400 retirement plan
250 private retirement plan tier2
200 tier 3 tax free savings account
1375 rent
95 car insurance
100 gas I don't use the car much
30 Plates and tags for car
30 cellphone bill
0 car paid
200 rice and bread
52 gym
52 public transport
I invest 3000 to 3500 a month.
I'm of year 2.4 of doing this.. Just another 2 years. Then I'm reducing my work by 30 to 50 percent.
I have 100 000 dollars im happy with that
Does it really take 58 minutes to say "It's the economy stupid!"?
I'll listen to your free wisdom but you'll find me punching myself in the nuts before I ever spent money on something that's free info
Its idiotic how Mericans exclude sales tax talk about price of something but they are proudly including tax money that they never see when asked about salary.
Is it to make people less depressed, make ppl think they pay less than you do and earn more than they do.
Also tippin....out of Gee depression yet or
Yes I could use that piece of twine that is classic
Sorry, Cappy, you have always been completely wrong on happiness. Because you and everybody else confuse happiness and pleasure. Happiness is a mental attitude and can be maintained. No matter what, no matter what you're going through. No matter what the environment or outside is pressure is or what you derive from environment. Which is what you confuse with happiness.
Still love you. 2:11
That's not happiness.
Cappy’s phone hasn’t had any security updates in over a year.
Hedonism.
Who is going to marry the women if you said the men shouldn’t get married?
26:18 Hey! Why you gotta attack Kratom like that! 🤬
Money cannot prevent sadness.
Maybe not. Although its' absence brings misery.
@@adamjames1375 are all the creatures on the planet without money, miserable?
@@tsriftsal3581
I'd imagine the ones who have tangible problems which could be solved by no more than what they need certainly are.
On another note, I have no interest in bonds 🤔
I can lease a phone for 1/3 the cost of buying it, for the 2 year contract, so instead of 6 years with one phone, for the same cost, I get 6 years of always having the newest phone. Tech depreciation makes this make sense. more than a car lease.
Lol. Are your really so important that people need to contact you 24/7?
People used to have the same "phone" for decades. Even those that were considered important.
The sad thing is that Mr. Cleary, even at the peak of his rage-filled glory, is still more relaxed than a pair of DINKs pulling 100k each and living paycheck to paycheck. If my household pulled down 200k per year and we were still struggling to make ends meet I would drive to the nearest mental hospital and demand that they immediately throw me into the rubber room and throw away the key.