I’m glad you broke down the “I deserve” mentality a bit as I get caught in that cycle. I prefer to think “I deserve to not work until I die” much more than new shoes 🤣🤣👏🏻🎉
To lower my grocery bills, I have turned vegetarian 😆. To avoid gym membership fees, I run in nature. To lower subscription fees, I only watch RUclips and Amazon prime video. I get newspaper subscriptions for free through my employer. I have only bought 1 piece of clothes since the pandemic started. My body is very happy, and so is my wallet.
I gave into lifestyle creep last year. I started making more money, and I went out and bought a new car. And then I had to work like crazy last year to keep up with all my debt payments. It was the worst decision I've ever made financially.
My spouse has gotten their first well-paying professional job and I am trying to educate him about lifestyle creep. Because, as I say, it may not last forever.
This video made me cancel my Amazon prime, which is $192 a year i should be investing. I also paused my adible for 3 months because like you said, i have a ton of books in my library i havent listened to yet! This video just saved me $240. Youre so smart and awesome, and i love your channel:)
Exactly, I agree! In spite of the bear market I have about 130k in my investment account and $3000 at least every month as dividends and profits generally. I’m 26 years old. Started working at age of 20 and i always liked to save. Now I have a 401k, Paid my car in full, saving accounts, and 2 investments accounts as well. Still working as an agent/realtor making around 90k-100K a year
@@hacksmith7594 a lot of savings, but it comes with a cost. Not going to parties, working 6 days a week. Having 2-3 friends. Also working holidays as well. But most importantly consulting with an expert. I see my self doing good in the long term working with a financial adviser, I was assigned working with Merrill Lynch, well licensed with proof. Now is not go time to lose money 💪🏼
@Mirror Able I want to begin to buy properties and hold them for a reasonable amount of time, I just deal as an agent for now but I really have gained some insight into how the business runs. My profits and income sum up to 20k - 25k monthly
@@katrinecollen708 Oh I understand, I have same goals reading and expanding my knowledge I want to use my money for Multifamily rental property how can I reach out to your financial adviser?
@@katrinecollen708 Oh wow😮… This is incredible. I listen to Ms Lisa's podcasts sometimes and I never really made out time to contact her, never knew she offered these services. Outstanding Broker indeed!
I try to attach some spending with something else. For example, never eat out unless it's with friends (ie. Never buying breakfast or lunch for work), taking a girls trip after hitting saving and investing goals as a trip, buying new gym clothes after reaching fitness goals. I think it also helps motivate myself to reach goals but not depriving myself in the process.
High thinking, high paycheck, simple living 🎋 P.S marinating a cheaper cut of steak in minced onions tenderizes it and makes it just as yummy as a premium cut 😉
I've hired help around the house twice a month and my stress levels have dramatically dropped not to mention all the free time I get to spend with my family. Your time is worth something. Just another way to look at it :)
I used to walk most places because I couldn't find enough change in my house to buy gas, now I live two blocks from a grocery store and still have my food and groceries delivered sometimes.... 😳 Reality check.
I started cooking my own meals in March. Dropped my spending by a lot!!! Also, if I do eat out, I try NOT to use apps and instead give the money to the Restaurant! No bottled water, either. Recyclable bottles are better for the environment and cost less in the long run. I wanted a bigger TV and found a 48" for $45 at a thrift store! No need to always buy the most expensive stuff!!! I have been following your videos to learn more about planning the future without sacrificing all of the now. Thanks for all the solid advice! I had a friend who's a CPA confirm it, since I know nothing about finances but should and she said your worksheets are legit!
I really enjoy all of Rose's videos, and agree with the "lifestyle creep" message. However, I think it's all about priorities. I'm a car guy, so I'd spend more on the car, and save on a smaller house, clothes, services, etc.
1. Housing 2. Convenience 3. Groceries 4. Paid Subscriptions 5. Clothes 6. Travel 7. Services e.g nails, house cleaning, hair 8. Car Watch this in full coz its a good one!
Clothes can be so dangerous! I reached a point where every month I would go shopping and come home with mountains of clothes, thinking they'd make me happy. And I ended up barely wearing them or wanting to wear something else the next month. Nowadays I'll hit an outlet shopping center once a year, get clothes on a discount, and actually wear what I own. So much money saved!
Thinking I can buy stuff to cure my insecurities was my biggest weakness. Dealing with that lowered my spending on makeup, skincare, and clothes drastically. Now, I need to address my food spending. I discovered truffle mac & cheese at the grocery store and it's been tough trying to let go of that.
What I like to do with movie & tv subscriptions (netflix, disney plus, amazon prime, etc) is only have one at a time. I pick the one with a show or movie I want to watch and keep it until I'm done the series. Only have for a month or two than switch to another one.
I've made adjustments in every area mentioned. Ironically, without every new gadget I honestly feel like I'm living in the future by living for my future if that makes sense. The hardest part was programming my thoughts to no longer care about comments family members and people around me make based on assumptions that I don't have much money. Only those very close to me know I've simply adopted a minimalistic lifestyle. I love it! The amount of stress gone is unbelievable!
Thanks for making this; I don't think I've seen it addressed before but am experiencing it now. I went to buy a sofa for the first time in my life -- not a big fancy leather thing just a 700 dollar Ikea one --and at the register I was literally sweating beads because it hit me that I was about to spend the most at a check out I've ever spent in my life. I was homeless 15 years ago. The place I lived after that I slept on seat pads on a basement floor. Like you I just had a moment where I realized how different the numbers felt. I told myself I could get the sofa because I've wanted that model for years and I had set money aside for it. I don't worry about how much is in my account most of the time when I get food. Sometimes now if I do have an unexpected expense I still physically freak out and have to talk myself down like "it's ok, you have a savings now, and you can replenish that in a few months...". Sometimes I walk through my neighborhood now and see the nice cars people have and go "man if I could afford that I wouldn't be living here...", I can't see ever spending a lot on a car especially if I had to finance much of it. I'm gonna drive my beater into the ground. For me, I was really torn on whether to keep my apartment without a roommate, that was the hardest decision, still not sure it's right but it's an easy one to change if I want a roommate again. I'm at least still really good at not buying new clothes until I have like ... no option in that category left, and I am a super cheap traveller. I stay in Motel 6, hostels, or camp for 3 reasons: saves my money, i travel with a dog, and I get to stay in super nice hotels from time to time anyway through my work. PS your hair is sooooo beautiful! Love the colors.
My apt: no dishwasher, no washer/dryer, no AC, low ceilings, rickety stairs, and I can barely fit in shower BUT I paid off all my debt and am saving up for a better life. I hope it's soon! 😅 Also, how wild would it be to run into Rose at Burning Man?
I havent gone on a out of country vacation since i started working! Following you has made me see that saving up for my early retirement is all the vacation i will need!
Yes, so important not to creep up on every category at the same time! I think it's okay to choose and be mindful of your spending and splurges. That stuff changes over time too. I'm okay spending on convenience and certain services, like house cleaning, high quality groceries at the farmer's market. I'm also okay driving a normal car and picking up food directly from the restaurant.
i love being in my 30s!!!! 20s will always be the best but 30s is pretty cool too...thanks for this vid i needed to hear this ive been getting wiser wit my spending in my 30s but i cud always be better
I would say that deleting my Instagram has been one of the best ways to prevent lifestyle creep! I can’t see people posting about expensive clothes, food, or travel anymore, which has really realigned my expectations :)
it comes down to this. If you love what you have, you have everything you need. Lifestyle creep is (sometimes) a symptom of not being happy enough in your emotional or spiritual life. Obviously its great to spend money in ways that bring you joy, but if luxuries are becoming the norm, its a problem.
Even when I was making $200k/year I still lived on about $80k/year and invested the rest into the stock market for decades. It’s really liberating to tell your boss to f-off and just quit when he’s a jerk. The last two jobs I just up and quit because of managers. Because of our money management discipline, our net worth hit $6M and we’re still in our mid-50s and will retire in 2.5 years .
I’m crazy about makeup... one year I reached the VIB Rouge status at Sephora, that meant I spent $1000 the year before that at that store... Now every time I’m about to spend money on a ‘want’ instead of a need I think of how many hrs I had to work to earn the money that I’m about to spend. 100% when I asked myself that question I end it not buying that want... makeup, beauty salon, nail/pedicure...
Awesome video (as always)! My wife and I have grown our salaries drastically over the past 4 years, but still vacation cheaply and drive the same 2013 Honda! It’s a challenge to keep ourselves in check, but watching our accounts grow is solid motivation :)
lifestyle creep is real. can confirm. I have an $800 suit chillin in my closet that I haven't worn yet and I'm already looking at another suit like some rich doofus who needs another suit (I don't). needed that exact same pep talk ha thanks Rose!
I needed this pep talk/reminder. I went from making $8 an hour and work 3 jobs to be able to eat in college to making $65,000 a year job 4 months after graduation and my spending became out of control! I had to have this same conversation with myself a few months ago when I was "replacing" items in my home that there was nothing wrong with or buying things I already had to "test or compare" to see if it was better ! I've experienced EXACTLY what you're talking about. You live up to you means and everytime your means increase so does your spending. So freaking crazy! I'm glad I'm not alone in this!!
@@Mistyfgdf haha working on it! My boss is very affluent due to investments and he has said to me that whenever they think about going to an over priced restaurant he thinks we'll I could invest that 70 bucks I would spend and just cook with my wife! Once student loans become more manageable thats my plan!!
@@elenaaraujoborisoff6169 medical laboratory sciences and I now work as a medical laboratory scientist at the hospital. I originally got a degree in biology hoping to work in the lab which wasn't actually a qualification so I had to go back to school. I absolutely love my job. I get to be a big post of patient care without being a doctor or nurse and each patient is a puzzle with troubleshooting and figuring why or why not their results make sense
First of all: LOVE THE HAIR!! And then, you're absolutely right! I had a job that I loved, but it didn't pay a lot. I lucked into a great job that drastically increased my income, and my spending went WAY UP too. I could survive on what I made previously, but I didn't have a plan for all that new, 'disposable' income--so I wasted a lot. I bought all of the things I would have had to save and save for before. I have a great wardrobe now, lol.
Yes! I have made myself such a victim of this. I almost bought myself a sports car last year with $6k in credit card debt. Have a perfectly good car, great gas mileage, even has heated leather seats and a sunroof which is more than I ever even needed and still I convinced myself I needed a car that was "sexy" and "cool." To impress who I really have no idea. So glad I didn't fall into the trap of paying $500+ a month in car payments. I don't make a ton but I still travel a lot and people always ask me how I afford it....as they drive around in giant SUVs that won't be paid off for another 10 years.
As someone who used to chop produce and make those prepackaged veggie kits and fruit tubs for a grocery store, trust me - buy your produce whole and prep it at home. We were too busy to wash the produce before we cut it up. ALWAYS wash your produce when you take it home!!!
Convenience and subscriptions are such millennial lifestyle creep areas! Those aren't my weaknesses though. Mine are housing, fashion/beauty, and now furniture/home decor. Beauty and comfort are so important to me. But in comparison, I make well into the 6 figures and have never had a cleaning lady, and have never bought precut produce for myself. It's interesting what areas people have preferential creep in!
Something I find helps with excess spending is making sure I'm getting dopamine from other sources - seeing friends, doing art, taking a walk, reading a book (that I ALREADY own haha) etc. If you're taking time for yourself to make sure you're happy, buying things becomes less tempting. Also, pre-cut veggies often have chemicals on them to stop them from oxidizing that are bad for you, so don't buy them on principle. Also, I love your hair!!!
That is SUCH a good way to put it! "making sure you get dopamine from other sources"... When it comes down to it, that's the reason we spend money huh? To get that hit of dopamine. But if we get it elsewhere we have less urge to spend. Good inspo for another video, thanks :D
I am 39 and yes, definitely guilty of being a lifestyle creep! I shop whenever I want bought a luxury car but to my credit my car and debt will be paid off this year so perhaps I can save more than I’ve been saving 😉
PSA: don't get audible, GET LIBBY. It's just the public library but all online. like she said, free audiobooks some of the books are on a waitlist but its something to look forward to. I love it
Great video! I needed that reminder. I used to coupon and check out what restaurants has better deals and now I don't think twice before eating at $$$ places. But not anymore, I'll be more intentional and conscious about my spending.
I live in San Diego and covid restrictions have begun to loosen up quite a bit. There's also tons of outdoor dining options available and definitely this month I have noticed a serious uptick in my "revenge spending" mainly in my dining out budget category. I've had fun and it feels good to get out and support local restaurants but it also just feels so wasteful considering probably 50% of that money is going towards alcohol. I've committed to making some lifestyle changes and instead of going to restaurants and bars in order to be social, I'm organizing more hiking and beach days. Things that are active and less expensive and kinder to my liver. I haven't nailed it yet, avoiding alcohol in social situations is really challenging, but I'm excited about the progress I'm making. If I could add a #9 to your list it would be "Don't drink your money"
Thank you. I just got a 60% increase in salary at 28 and this is my biggest worry! thank you for putting spending more in xx amount of more years you have to wait for financial independence. this is the stuff i need to be reminded of!
You are Sooooo Korean, girl! I got this attitude about money from my parents too. They never spent money on stuff like North Americans even though they had pretty decent income. Im in Toronto Canada. Here people are also crazy about big houses and fancy cars. I'm living in a small studio in midtown with my partner saving half my income. Well, I'm in my 40s, we are late immigrants. We think if we knew this in our 20s, by the time now we would've been multi-millianaire. Life lesson is tough thing.
I also look at what I'm saving time to do instead. Sometimes doing those little mindless chores like chopping vegetables or cooking dinner yourself are actually relaxing and give you time to slow down.
Have totally been overspending on subscriptions that I don't even use! Thanks for the down to earth advice and for providing Financial training free of charge, I really appreciate it :)
Not sure what it's like in the US, but here in the UK, you would seriously blow your budget if you shopped exclusively at Whole Foods. £2.50 for a mango?! I mean... come on. And you can take it even further - my family have saved loads by moving most of their weekly shop to Lidl and only going to Tesco for things they can't otherwise get. It's pretty much the same food! Anyway, thanks for your awesome content Rose, you're the reason why I'm now investing with the Magic Formula! Would love to see an update on that sometime. All the best :)
Fantastic video. Thank you for sharing your personal life spending to illustrate your points. Regarding grocery shopping, another way to eat well on the cheap is to cater your daily/weekly menu to whatever is on sale that week.
- I used to have a house cleaner, nails done, car washed… now I DIY as much as possible. I even do my own car maintenance to an extent. Just paid off my car and plan to drive it for a while. I’m focused on saving 💰
I started making more and had already got a $70,000 pre approval for a car. Then I had friends saying you deserve a new car. My paid off 2014 Ford Fusion has less than 100,000 miles because I only drive on the weekends. It’s in perfect condition because I take car of my car. I had to talk myself out of buying a new luxury car. I’m glad I just typed this out cause now I’m really not doing it lol great video
When I got my first “real” job I setup my direct deposit to put my current monthly expenses into my checking and anything extra into my savings. This way anytime I get a raise it automatically goes to my savings and I don’t even see it. Makes a big difference and keeps me honest.
Honestly, the kind of life I want is pretty simple. Living out in the country in a little cottage and buying lovely vintage clothes from a thrift store is my go-to lifestyle. For my first car, I’ve already decided I want something that works well yet is still affordable like a Honda Accord or a Honda civic at least to start with. The real problem I’ve been stuck with lately when it comes to getting too comfortable with living a more expensive lifestyle is the little things. It doesn’t seem like much but it adds up. It starts with something little and neat I wanted or just collect in my spare time. I’ve come to the realization recently that those things don’t hold a candle to the goals I want to achieve and to make the mature correct decisions, I need to put those things aside at least for a little while until I can afford them. Thank you for the great tips and for helping me out on my money-saving journey! God bless ❤️
I remember my first roommate who was an accountant explain this. His perspective though was, human nature is like a goldfish, we will always eat to the size of our environment. It doesn't matter if you make more, if you're not aware you just buy more shit
Spending creep for me ended up in more expensive, higher-end alcohol. More expensive wines, more expensive hard liquors, hipster, pre-prohibition style drinks, better beer (or going out rather than a beer at home). And I drank at the same rate I was consuming the cheaper stuff. Now, I don’t abstain altogether, but I only drink with friends and enjoy “the good stuff” slowly in a sitting and once a month tops. Also way better for my health goals, btw. Crazy how spending habits can creep up so quickly.
Me too:) And I realized that when I am consuming those expensive drinks, what I am truly seeking is aesthetic. So I started choosing the locations carefully. My friends usually appreciate me doing the research and booking so it's win-win.
I want to believe that well-dressed does not equal designer! Well-dressed may just be well-fitted- which does not have to break the bank. Thanks for explaining every single point you made, especially how it may be difficult to avoid the creep with fashion because it’s visual. It helps me try to curb my own unconscious spending in this area.
The main concept I’m taking away from this video is to figure out what type of lifestyle I want to have- sustainably and long term. And to understand the trade offs because let’s be real- time and money are finite.
How does this whole thing work,I'm really interested in it. I'm willing and ready to invest heavily in it,I'm gonna need an assistant from any trusted and productive professional!!
@@juliusserruya7563 I will recommend you to Alica Bransford her strategy is really helping me at the moment she's indeed a lucrative and reliable broker.
I've cut out a lot of items on your list but another big one for me was better planning my meals for the week so I only buy at the grocery what I'm actually going to eat in a week. I used to shop with no plan, just picking up stuff here and there and would end up throwing out a lot of the fruit, produce, baked goods or prepared food that I didn't eat in time.
Things that creep, definitely designer pieces of clothing that I’ve never had, splurges of Jimmy Choo and Louboutin heels that I’ll wear once in a blue moon. Thank you for all these real unconscious unnecessary spending advice. Also of the refugee generation (not first generation, my kids are) and just learning about financially literacy in my 40s. Made tons of mistakes in 20s and 30s. Now no debt - living simply, saving, learning how to invest (with yours and some other you tubers). Travel is cheap because spouse and I hike so we don’t eat out much, wear the same clothes every trip basically, stay in cheap but safe and clean hotels because we just sleep, use CC for miles to fly.
When you were saying your subscriptions, I was😲, but I get it it can creep up on you. Things I got to watch out for, I like good quality food and will not compromise on that. I feel like healthy organic food is an investment for my health in the long term. I also like fashion, but still pick up things on sale. Also, I got to be careful with getting my hair done.
I didn’t realize how bougie I am with grocery shopping. The biggest way I’ve noticed lifestyle inflation is being bougie AF with groceries/food/convenience.
I understand what you say about automobiles but that is my enjoyment. I live about 80 miles away from my aging parents that only drive to their local market. I have a nice car that I drive with my parents. I have a MX-5 that I love to drive on nice sunny-day weekends and a 4x4 truck that I use to explore the back roads.
The only thing I can think of is getting a internet connection. But I'll doubt I'll be doing anything more then I do now. I still buy my groceries in Chinatown for produce anyways. It's so much cheaper then the super markets. Beef is the only thing I buy from the super markets along with Ice cream and snacks. But I usually only stock up with a 2 week supply and try to stretch it out. I don't really buy new clothes only if they start falling apart. So I really watch what I spend, my fear is ending up like my parents who only believed in the old way of thinking that saving up money would make a person successful but the world has changed and that way of thinking doesn't work anymore. BTW like the hair.
I bought my current house in 1981. Since I retired 14 years ago, my stash has doubled. I record my expenses on a spreadsheet. My house is small, so I don't buy much of anything. I drive to the grocery store once a week. I spend around $100 a year on clothes. Besides cable, I spend about $30 a month on subscriptions. I sure don't look very rich but I'm not paying for their view. No deliveries as I live too far away. We don't have Uber or anything like that. My crappy car is 11 years old now. I've owned it for 6. I think I am your poster child, Rose. :)
This video couldn't have come at a better time... I was literally thinking about ordering food on doordash xD I love food so much but I need to keep chopping my veggies. Thanks for the reminder Rose!
I am unable to pulverize my own kidney stones. LOL, love your videos. I actually bought a foot scrapper on Amazon and what a game changer that is. NO more frequent pedis.
Cars aren't just about status. Lots of people love cars (myself included) and find joy in owning one. But with that said, there are lots of good options for cool, reliable, and inexpensive-to-own cars that won't break the bank.
I'm with you girl! It's a constant journey of adjusting and trying to be self-aware... and most importantly, not judging yourself when you get off track!
Good video ! I’m aware of all of these things already. On the cut veggie note : my mom told me last week that we shouldn’t do that (purchase them ) because we don’t know where they cut them and with what knife . She claimed her friend got HIV that way? Not sure . Anyways be careful . For the groceries the easiest thing is to shop off the app and do pick up ! Invest in the gadgets like the air fryer and pressure cookers. Have some items that are quick like pizzas 🍕 for those weekends you don’t want to cook . Like Trader Joe’s has an awesome orange chicken in the bag for $5 and with some white rice , in 10 minutes you have a quick Saturday dinner and frozen pizza for lunch lol , yes I’ve been doing the library for years for Audio ! I get Netflix through T-MOBILE. So like I said , good video !
If you hook a lamp timer to your slow cooker. Your food will cook while you're working and when you get off work it'll be done and ready for you and you will save a ton of money 💰
I can certainly relate to the way you grew up. For me, watching Netflix kept me away from reading so I got rid of that and sold my TV. Trade a habit for a better habit.
I am so thankful I had a high school teacher show us how to save for retirement. And then they told us to act like a broke college kid for as long as possible to prevent lifestyle creep.
Totally relate to this video, especially the part about the car! I've never spent more than $3,000 in one place, and that was on a car... which took me all over the US with minimal repairs, and when it started having problems I no longer cared to deal with, I was still able to sell it for $500. Can't imagine trading a year or more of total freedom for a fancy car that I would only regularly drive a few miles to friends, church or the grocery store. Would rather put it in my house/devices that I use constantly, or better yet, invest it to reach financial freedom faster.
:( My city just got Door Dash, and I've been using it because I hate going out to get food sometimes. However, each meal is like $30 because I tip the driver around $8-10 sometimes, not just out of courtesy, but so they won't tamper with my food. Maybe I could just like, buy groceries for when I don't feel like going out? That makes so much sense.
As a delivery driver (mom and pop pizza, not dasher) I can assure you that most people won't bother to tamper with food. It's not worth losing a job over or the few moments wasted to do so. Drivers want to get the food delivered and get the next run. All that said, thank you for tipping well. Soooo many people still feel a $1 or $2 tip is decent while drivers are running our butts off and facing potential covid exposure 20-30 times a day. We all appreciate being treated kindly when a tip is earned :)
Hi Rose, I just wanted to say thank you for your amazing videos! I recently discovered your channel a couple of weeks ago and have been watching your content ever since. Even your videos from three years ago are so informative and helpful. I've learned so much from them, and I really appreciate the effort you put into sharing your knowledge. Thank you again! Lila
Rose, this was such a great video. This should be shown to all the young folks whom feel entitled to their designer clothes that they'll toss for the next big fad. It is nice to be able to toss money at Starbucks everyday. What's a $6 drink, right? But then it becomes a habit. And then you add other similar habits and next thing you know, you're in over your head.
I’ve adopted this year the minimalist mindset that I’ve applied to my shopping habits as well. I ask myself several times: Do I really need this item? Often time, I don’t but sometimes I cave in anyway😅 still working on it.
It really does not make sense to buy new clothing at full price. Thrift stores sell the same brands and styles for a fraction of the price. Eye opening video though. Great job!
"Just because you can, doesn't mean you should." This will be my mantra going forward. Thank you so much for this helpful advice.
Absolutely %100! Me too.
I’m glad you broke down the “I deserve” mentality a bit as I get caught in that cycle. I prefer to think “I deserve to not work until I die” much more than new shoes 🤣🤣👏🏻🎉
I’m trying to buy shoes people said can last a long time and I can easily fix like Birkenstocks. I can’t afford to buy cheap shoes.
YES!!! If I work in retirement I want it to be because I want to work and not because I have to work.
That was truly healing! ♥️😂
Yes this! Gonna be my new mantra 🕉️
To lower my grocery bills, I have turned vegetarian 😆. To avoid gym membership fees, I run in nature. To lower subscription fees, I only watch RUclips and Amazon prime video. I get newspaper subscriptions for free through my employer. I have only bought 1 piece of clothes since the pandemic started. My body is very happy, and so is my wallet.
I gave into lifestyle creep last year. I started making more money, and I went out and bought a new car. And then I had to work like crazy last year to keep up with all my debt payments. It was the worst decision I've ever made financially.
live and learn
My spouse has gotten their first well-paying professional job and I am trying to educate him about lifestyle creep. Because, as I say, it may not last forever.
Oh wow. Thanks for sharing. At least you learned the lesson quickly.
This video made me cancel my Amazon prime, which is $192 a year i should be investing. I also paused my adible for 3 months because like you said, i have a ton of books in my library i havent listened to yet! This video just saved me $240. Youre so smart and awesome, and i love your channel:)
Exactly, I agree! In spite of the bear market I have about 130k in my investment account and $3000 at least every month as dividends and profits generally. I’m 26 years old. Started working at age of 20 and i always liked to save. Now I have a 401k, Paid my car in full, saving accounts, and 2 investments accounts as well. Still working as an agent/realtor making around 90k-100K a year
am 26 with 22k how did you reach that so fast?
@@hacksmith7594
a lot of savings, but it comes with a cost. Not going to parties, working 6 days a week. Having 2-3 friends. Also working holidays as well. But most importantly consulting with an expert. I see my self doing good in the long term working with a financial adviser, I was assigned working with Merrill Lynch, well licensed with proof. Now is not go time to lose money 💪🏼
@Mirror Able I want to begin to buy properties and hold them for a reasonable amount of time, I just deal as an agent for now but I really have gained some insight into how the business runs. My profits and income sum up to 20k - 25k monthly
@@katrinecollen708
Oh I understand, I have same goals reading and expanding my knowledge I want to use my money for Multifamily rental property how can I reach out to your financial adviser?
@@katrinecollen708
Oh wow😮… This is incredible. I listen to Ms Lisa's podcasts sometimes and I never really made out time to contact her, never knew she offered these services. Outstanding Broker indeed!
I try to attach some spending with something else. For example, never eat out unless it's with friends (ie. Never buying breakfast or lunch for work), taking a girls trip after hitting saving and investing goals as a trip, buying new gym clothes after reaching fitness goals. I think it also helps motivate myself to reach goals but not depriving myself in the process.
High thinking, high paycheck, simple living 🎋
P.S marinating a cheaper cut of steak in minced onions tenderizes it and makes it just as yummy as a premium cut 😉
Rose posting about lifestyle creep as I consider hiring a housekeeper. Girl. How did you know?
🤣🤣
I've hired help around the house twice a month and my stress levels have dramatically dropped not to mention all the free time I get to spend with my family. Your time is worth something. Just another way to look at it :)
A housekeeper can be worth it! As the other person said it can offload stress considerably and completely payoff.
I used to walk most places because I couldn't find enough change in my house to buy gas, now I live two blocks from a grocery store and still have my food and groceries delivered sometimes.... 😳 Reality check.
1:03 Lifestyle creep - General info
1. 3:21 Housing
2. 6:30 Convenience
3. 8:28 Groceries
4. 11:30 Paid Subscriptions
5. 14:32 Clothes
6. 16:28 Travel
7. 18:38 Services
8. 19:48 Car
I started cooking my own meals in March. Dropped my spending by a lot!!! Also, if I do eat out, I try NOT to use apps and instead give the money to the Restaurant! No bottled water, either. Recyclable bottles are better for the environment and cost less in the long run. I wanted a bigger TV and found a 48" for $45 at a thrift store! No need to always buy the most expensive stuff!!! I have been following your videos to learn more about planning the future without sacrificing all of the now. Thanks for all the solid advice! I had a friend who's a CPA confirm it, since I know nothing about finances but should and she said your worksheets are legit!
I really enjoy all of Rose's videos, and agree with the "lifestyle creep" message. However, I think it's all about priorities. I'm a car guy, so I'd spend more on the car, and save on a smaller house, clothes, services, etc.
1. Housing
2. Convenience
3. Groceries
4. Paid Subscriptions
5. Clothes
6. Travel
7. Services e.g nails, house cleaning, hair
8. Car
Watch this in full coz its a good one!
Thanks, I wish she had timestamps
Clothes can be so dangerous! I reached a point where every month I would go shopping and come home with mountains of clothes, thinking they'd make me happy. And I ended up barely wearing them or wanting to wear something else the next month. Nowadays I'll hit an outlet shopping center once a year, get clothes on a discount, and actually wear what I own. So much money saved!
Thinking I can buy stuff to cure my insecurities was my biggest weakness. Dealing with that lowered my spending on makeup, skincare, and clothes drastically. Now, I need to address my food spending. I discovered truffle mac & cheese at the grocery store and it's been tough trying to let go of that.
What I like to do with movie & tv subscriptions (netflix, disney plus, amazon prime, etc) is only have one at a time. I pick the one with a show or movie I want to watch and keep it until I'm done the series. Only have for a month or two than switch to another one.
I've made adjustments in every area mentioned.
Ironically, without every new gadget I honestly feel like I'm living in the future by living for my future if that makes sense.
The hardest part was programming my thoughts to no longer care about comments family members and people around me make based on assumptions that I don't have much money.
Only those very close to me know I've simply adopted a minimalistic lifestyle.
I love it! The amount of stress gone is unbelievable!
Thanks for making this; I don't think I've seen it addressed before but am experiencing it now. I went to buy a sofa for the first time in my life -- not a big fancy leather thing just a 700 dollar Ikea one --and at the register I was literally sweating beads because it hit me that I was about to spend the most at a check out I've ever spent in my life. I was homeless 15 years ago. The place I lived after that I slept on seat pads on a basement floor. Like you I just had a moment where I realized how different the numbers felt. I told myself I could get the sofa because I've wanted that model for years and I had set money aside for it. I don't worry about how much is in my account most of the time when I get food. Sometimes now if I do have an unexpected expense I still physically freak out and have to talk myself down like "it's ok, you have a savings now, and you can replenish that in a few months...". Sometimes I walk through my neighborhood now and see the nice cars people have and go "man if I could afford that I wouldn't be living here...", I can't see ever spending a lot on a car especially if I had to finance much of it. I'm gonna drive my beater into the ground. For me, I was really torn on whether to keep my apartment without a roommate, that was the hardest decision, still not sure it's right but it's an easy one to change if I want a roommate again. I'm at least still really good at not buying new clothes until I have like ... no option in that category left, and I am a super cheap traveller. I stay in Motel 6, hostels, or camp for 3 reasons: saves my money, i travel with a dog, and I get to stay in super nice hotels from time to time anyway through my work.
PS your hair is sooooo beautiful! Love the colors.
My apt: no dishwasher, no washer/dryer, no AC, low ceilings, rickety stairs, and I can barely fit in shower BUT I paid off all my debt and am saving up for a better life. I hope it's soon! 😅
Also, how wild would it be to run into Rose at Burning Man?
😆
I’m really loving your new videos with the personal stories added!!
I’m so happy to hear that!! It’s something I felt called to do more of - not everyone likes it so I’m glad you enjoy it ❤️
I havent gone on a out of country vacation since i started working! Following you has made me see that saving up for my early retirement is all the vacation i will need!
Yes, so important not to creep up on every category at the same time! I think it's okay to choose and be mindful of your spending and splurges. That stuff changes over time too. I'm okay spending on convenience and certain services, like house cleaning, high quality groceries at the farmer's market. I'm also okay driving a normal car and picking up food directly from the restaurant.
i love being in my 30s!!!! 20s will always be the best but 30s is pretty cool too...thanks for this vid i needed to hear this ive been getting wiser wit my spending in my 30s but i cud always be better
I would say that deleting my Instagram has been one of the best ways to prevent lifestyle creep! I can’t see people posting about expensive clothes, food, or travel anymore, which has really realigned my expectations :)
it comes down to this. If you love what you have, you have everything you need. Lifestyle creep is (sometimes) a symptom of not being happy enough in your emotional or spiritual life. Obviously its great to spend money in ways that bring you joy, but if luxuries are becoming the norm, its a problem.
Even when I was making $200k/year I still lived on about $80k/year and invested the rest into the stock market for decades. It’s really liberating to tell your boss to f-off and just quit when he’s a jerk. The last two jobs I just up and quit because of managers. Because of our money management discipline, our net worth hit $6M and we’re still in our mid-50s and will retire in 2.5 years .
I’m crazy about makeup... one year I reached the VIB Rouge status at Sephora, that meant I spent $1000 the year before that at that store... Now every time I’m about to spend money on a ‘want’ instead of a need I think of how many hrs I had to work to earn the money that I’m about to spend. 100% when I asked myself that question I end it not buying that want... makeup, beauty salon, nail/pedicure...
Awesome video (as always)! My wife and I have grown our salaries drastically over the past 4 years, but still vacation cheaply and drive the same 2013 Honda! It’s a challenge to keep ourselves in check, but watching our accounts grow is solid motivation :)
Keep rocking the Honda! I've got a 2008 Civic and I hope to drive it for another 10 years!
lifestyle creep is real. can confirm. I have an $800 suit chillin in my closet that I haven't worn yet and I'm already looking at another suit like some rich doofus who needs another suit (I don't). needed that exact same pep talk ha thanks Rose!
I feel exposed. Lol. I needed to hear this. Thanks for keeping it real.
I needed this pep talk/reminder. I went from making $8 an hour and work 3 jobs to be able to eat in college to making $65,000 a year job 4 months after graduation and my spending became out of control! I had to have this same conversation with myself a few months ago when I was "replacing" items in my home that there was nothing wrong with or buying things I already had to "test or compare" to see if it was better ! I've experienced EXACTLY what you're talking about. You live up to you means and everytime your means increase so does your spending. So freaking crazy! I'm glad I'm not alone in this!!
Become addicted to stocks and you won’t be spending money no more haha
The struggle is real, girl!! Join the club lol!
@@Mistyfgdf haha working on it! My boss is very affluent due to investments and he has said to me that whenever they think about going to an over priced restaurant he thinks we'll I could invest that 70 bucks I would spend and just cook with my wife! Once student loans become more manageable thats my plan!!
I'm just curious what did you go to school for? I'm thinking about going back but I have too many interests and can't decide!
@@elenaaraujoborisoff6169 medical laboratory sciences and I now work as a medical laboratory scientist at the hospital. I originally got a degree in biology hoping to work in the lab which wasn't actually a qualification so I had to go back to school. I absolutely love my job. I get to be a big post of patient care without being a doctor or nurse and each patient is a puzzle with troubleshooting and figuring why or why not their results make sense
Wow! You really have very realistic RUclips videos. Glad I came to know your channel. You are a very big help.
First of all: LOVE THE HAIR!!
And then, you're absolutely right! I had a job that I loved, but it didn't pay a lot. I lucked into a great job that drastically increased my income, and my spending went WAY UP too. I could survive on what I made previously, but I didn't have a plan for all that new, 'disposable' income--so I wasted a lot. I bought all of the things I would have had to save and save for before. I have a great wardrobe now, lol.
Yes! I have made myself such a victim of this. I almost bought myself a sports car last year with $6k in credit card debt. Have a perfectly good car, great gas mileage, even has heated leather seats and a sunroof which is more than I ever even needed and still I convinced myself I needed a car that was "sexy" and "cool." To impress who I really have no idea. So glad I didn't fall into the trap of paying $500+ a month in car payments. I don't make a ton but I still travel a lot and people always ask me how I afford it....as they drive around in giant SUVs that won't be paid off for another 10 years.
As someone who used to chop produce and make those prepackaged veggie kits and fruit tubs for a grocery store, trust me - buy your produce whole and prep it at home. We were too busy to wash the produce before we cut it up. ALWAYS wash your produce when you take it home!!!
🤢 I quit buying these things years ago because I alway worried about that.
Thank you for the heads up 👍👍
This needs to go up up up 👆
Ew!!
Convenience and subscriptions are such millennial lifestyle creep areas! Those aren't my weaknesses though. Mine are housing, fashion/beauty, and now furniture/home decor. Beauty and comfort are so important to me. But in comparison, I make well into the 6 figures and have never had a cleaning lady, and have never bought precut produce for myself. It's interesting what areas people have preferential creep in!
So true - everyone is so different!
So true house and landscaping 😬😬😬
Something I find helps with excess spending is making sure I'm getting dopamine from other sources - seeing friends, doing art, taking a walk, reading a book (that I ALREADY own haha) etc. If you're taking time for yourself to make sure you're happy, buying things becomes less tempting. Also, pre-cut veggies often have chemicals on them to stop them from oxidizing that are bad for you, so don't buy them on principle.
Also, I love your hair!!!
That is SUCH a good way to put it! "making sure you get dopamine from other sources"... When it comes down to it, that's the reason we spend money huh? To get that hit of dopamine. But if we get it elsewhere we have less urge to spend. Good inspo for another video, thanks :D
Spot on!
Great advice!
TOTALLY, i also enjoy people watching and day dreaming??? anyone else??
The lock-down helped me realized how much I wasted on take outs. Now invested that money into my savings and bonds :)
Yea eating out or ordering food is a huge spending category for most people. Props on making changes and investing!
@@GregActonCPA I felt sick how much I wasted on take out! Lesson learned!
I am 39 and yes, definitely guilty of being a lifestyle creep! I shop whenever I want bought a luxury car but to my credit my car and debt will be paid off this year so perhaps I can save more than I’ve been saving 😉
PSA: don't get audible, GET LIBBY. It's just the public library but all online. like she said, free audiobooks
some of the books are on a waitlist but its something to look forward to. I love it
Libby and hoopla!
YESSS 100%
How could books be on a wait list of they're audio?
@@cristiansmistad1823 yes, could be weeks of wait, but theres so many other books in the mean time.
@@cristiansmistad1823 Libraries in Libby only have a certain number of files of the audiobook.
Great video! I needed that reminder. I used to coupon and check out what restaurants has better deals and now I don't think twice before eating at $$$ places. But not anymore, I'll be more intentional and conscious about my spending.
I live in San Diego and covid restrictions have begun to loosen up quite a bit. There's also tons of outdoor dining options available and definitely this month I have noticed a serious uptick in my "revenge spending" mainly in my dining out budget category. I've had fun and it feels good to get out and support local restaurants but it also just feels so wasteful considering probably 50% of that money is going towards alcohol. I've committed to making some lifestyle changes and instead of going to restaurants and bars in order to be social, I'm organizing more hiking and beach days. Things that are active and less expensive and kinder to my liver. I haven't nailed it yet, avoiding alcohol in social situations is really challenging, but I'm excited about the progress I'm making. If I could add a #9 to your list it would be "Don't drink your money"
Thank you. I just got a 60% increase in salary at 28 and this is my biggest worry! thank you for putting spending more in xx amount of more years you have to wait for financial independence. this is the stuff i need to be reminded of!
You are Sooooo Korean, girl! I got this attitude about money from my parents too. They never spent money on stuff like North Americans even though they had pretty decent income. Im in Toronto Canada. Here people are also crazy about big houses and fancy cars. I'm living in a small studio in midtown with my partner saving half my income. Well, I'm in my 40s, we are late immigrants. We think if we knew this in our 20s, by the time now we would've been multi-millianaire. Life lesson is tough thing.
I STOPPED GETTING MY NAILS AND TOES DONE. I even stopped dating b/c the opportunity cost is high and ongoing and freaking expensive!
I also look at what I'm saving time to do instead. Sometimes doing those little mindless chores like chopping vegetables or cooking dinner yourself are actually relaxing and give you time to slow down.
Have totally been overspending on subscriptions that I don't even use! Thanks for the down to earth advice and for providing Financial training free of charge, I really appreciate it :)
Shop at Aldi instead of Whole Foods. Great selection of organic foods for a fraction of the costs. Really worth exploring!
Wish there was an Aldis near me! Heard so much about this legendary place
@@itsrosehan There's the trendy Trader Joe's which is still cheaper than Whole Foods. :)
The meats, fruits, veggies and Italian bread are amazing and so reasonable at Aldi’s!
Not sure what it's like in the US, but here in the UK, you would seriously blow your budget if you shopped exclusively at Whole Foods. £2.50 for a mango?! I mean... come on. And you can take it even further - my family have saved loads by moving most of their weekly shop to Lidl and only going to Tesco for things they can't otherwise get. It's pretty much the same food! Anyway, thanks for your awesome content Rose, you're the reason why I'm now investing with the Magic Formula! Would love to see an update on that sometime. All the best :)
I believe you have to find a balance, life short enjoy and plan for future!
Fantastic video. Thank you for sharing your personal life spending to illustrate your points. Regarding grocery shopping, another way to eat well on the cheap is to cater your daily/weekly menu to whatever is on sale that week.
Buying each song has to be more expensive than Spotify. But yeah, sharing family subscriptions is the way to go.
- I used to have a house cleaner, nails done, car washed… now I DIY as much as possible. I even do my own car maintenance to an extent. Just paid off my car and plan to drive it for a while. I’m focused on saving 💰
Woww! You are a true inspiration!!! I was shocked knowing you go to Burning Man! That is super coolll!!!
I started making more and had already got a $70,000 pre approval for a car. Then I had friends saying you deserve a new car. My paid off 2014 Ford Fusion has less than 100,000 miles because I only drive on the weekends. It’s in perfect condition because I take car of my car. I had to talk myself out of buying a new luxury car. I’m glad I just typed this out cause now I’m really not doing it lol great video
I live minimal as much as i can. it made a hug difference in my bank
I am doing the same thing
Just wanna shout out to you Rose. I’m glad I found you and thank you for all the advice. You saved my life. Lol! 🙏🏽💕
When I got my first “real” job I setup my direct deposit to put my current monthly expenses into my checking and anything extra into my savings. This way anytime I get a raise it automatically goes to my savings and I don’t even see it. Makes a big difference and keeps me honest.
That's actually brilliant.
I love this idea! thanks for sharing
Thank you for this reminder 👍
It's definitely challenging to keep living a frugal lifestyle especially when people around you don't
30’s is like the most beautiful time to spend money though 🤍🤍🤍 I mma just retire later
Honestly, the kind of life I want is pretty simple. Living out in the country in a little cottage and buying lovely vintage clothes from a thrift store is my go-to lifestyle. For my first car, I’ve already decided I want something that works well yet is still affordable like a Honda Accord or a Honda civic at least to start with. The real problem I’ve been stuck with lately when it comes to getting too comfortable with living a more expensive lifestyle is the little things. It doesn’t seem like much but it adds up. It starts with something little and neat I wanted or just collect in my spare time. I’ve come to the realization recently that those things don’t hold a candle to the goals I want to achieve and to make the mature correct decisions, I need to put those things aside at least for a little while until I can afford them. Thank you for the great tips and for helping me out on my money-saving journey! God bless ❤️
I remember my first roommate who was an accountant explain this. His perspective though was, human nature is like a goldfish, we will always eat to the size of our environment. It doesn't matter if you make more, if you're not aware you just buy more shit
Spending creep for me ended up in more expensive, higher-end alcohol. More expensive wines, more expensive hard liquors, hipster, pre-prohibition style drinks, better beer (or going out rather than a beer at home). And I drank at the same rate I was consuming the cheaper stuff. Now, I don’t abstain altogether, but I only drink with friends and enjoy “the good stuff” slowly in a sitting and once a month tops. Also way better for my health goals, btw. Crazy how spending habits can creep up so quickly.
Me too:) And I realized that when I am consuming those expensive drinks, what I am truly seeking is aesthetic. So I started choosing the locations carefully. My friends usually appreciate me doing the research and booking so it's win-win.
Lululemon adds new items to their sale every Thursday!!! So you don’t have to spend $100 on leggings 🤪
I want to believe that well-dressed does not equal designer! Well-dressed may just be well-fitted- which does not have to break the bank. Thanks for explaining every single point you made, especially how it may be difficult to avoid the creep with fashion because it’s visual. It helps me try to curb my own unconscious spending in this area.
The main concept I’m taking away from this video is to figure out what type of lifestyle I want to have- sustainably and long term. And to understand the trade offs because let’s be real- time and money are finite.
Stock market is the future, investing in it now will be the wisest thing to do!!
Yeah it's really profitable,I can testify to that.
How does this whole thing work,I'm really interested in it. I'm willing and ready to invest heavily in it,I'm gonna need an assistant from any trusted and productive professional!!
@@juliusserruya7563 you don't really need someone to tell you how to trade, you just have to do it yourself.
@@juliusserruya7563 I will recommend you to Alica Bransford her strategy is really helping me at the moment she's indeed a lucrative and reliable broker.
@@henriquejorge2362 thanks, the sort of info I need, I'm definitely getting in touch with this expert to assist me as well.
I've cut out a lot of items on your list but another big one for me was better planning my meals for the week so I only buy at the grocery what I'm actually going to eat in a week. I used to shop with no plan, just picking up stuff here and there and would end up throwing out a lot of the fruit, produce, baked goods or prepared food that I didn't eat in time.
Things that creep, definitely designer pieces of clothing that I’ve never had, splurges of Jimmy Choo and Louboutin heels that I’ll wear once in a blue moon. Thank you for all these real unconscious unnecessary spending advice. Also of the refugee generation (not first generation, my kids are) and just learning about financially literacy in my 40s. Made tons of mistakes in 20s and 30s. Now no debt - living simply, saving, learning how to invest (with yours and some other you tubers). Travel is cheap because spouse and I hike so we don’t eat out much, wear the same clothes every trip basically, stay in cheap but safe and clean hotels because we just sleep, use CC for miles to fly.
When you were saying your subscriptions, I was😲, but I get it it can creep up on you. Things I got to watch out for, I like good quality food and will not compromise on that. I feel like healthy organic food is an investment for my health in the long term. I also like fashion, but still pick up things on sale. Also, I got to be careful with getting my hair done.
I didn’t realize how bougie I am with grocery shopping. The biggest way I’ve noticed lifestyle inflation is being bougie AF with groceries/food/convenience.
I understand what you say about automobiles but that is my enjoyment. I live about 80 miles away from my aging parents that only drive to their local market. I have a nice car that I drive with my parents. I have a MX-5 that I love to drive on nice sunny-day weekends and a 4x4 truck that I use to explore the back roads.
The only thing I can think of is getting a internet connection. But I'll doubt I'll be doing anything more then I do now. I still buy my groceries in Chinatown for produce anyways. It's so much cheaper then the super markets. Beef is the only thing I buy from the super markets along with Ice cream and snacks. But I usually only stock up with a 2 week supply and try to stretch it out. I don't really buy new clothes only if they start falling apart. So I really watch what I spend, my fear is ending up like my parents who only believed in the old way of thinking that saving up money would make a person successful but the world has changed and that way of thinking doesn't work anymore. BTW like the hair.
i agree with her last sentences..
you deserve to have better financial choices
You can find audiobooks for free on RUclips and on podcast
I bought my current house in 1981. Since I retired 14 years ago, my stash has doubled. I record my expenses on a spreadsheet. My house is small, so I don't buy much of anything. I drive to the grocery store once a week. I spend around $100 a year on clothes. Besides cable, I spend about $30 a month on subscriptions. I sure don't look very rich but I'm not paying for their view. No deliveries as I live too far away. We don't have Uber or anything like that. My crappy car is 11 years old now. I've owned it for 6. I think I am your poster child, Rose. :)
This video couldn't have come at a better time... I was literally thinking about ordering food on doordash xD I love food so much but I need to keep chopping my veggies. Thanks for the reminder Rose!
Im about to go drive for doordash lol.
yep and save money along the way for better investment
I am unable to pulverize my own kidney stones. LOL, love your videos. I actually bought a foot scrapper on Amazon and what a game changer that is. NO more frequent pedis.
LOVE your hair btw 🔥😍💁🏻♀️💃
Cars aren't just about status. Lots of people love cars (myself included) and find joy in owning one. But with that said, there are lots of good options for cool, reliable, and inexpensive-to-own cars that won't break the bank.
Thank you for these friendly reminders. I have been off track for months. 😒 #2 especially 😅 But! I am working on turning it around. 💪
I'm with you girl! It's a constant journey of adjusting and trying to be self-aware... and most importantly, not judging yourself when you get off track!
Good video ! I’m aware of all of these things already. On the cut veggie note : my mom told me last week that we shouldn’t do that (purchase them ) because we don’t know where they cut them and with what knife . She claimed her friend got HIV that way? Not sure . Anyways be careful . For the groceries the easiest thing is to shop off the app and do pick up ! Invest in the gadgets like the air fryer and pressure cookers. Have some items that are quick like pizzas 🍕 for those weekends you don’t want to cook . Like Trader Joe’s has an awesome orange chicken in the bag for $5 and with some white rice , in 10 minutes you have a quick Saturday dinner and frozen pizza for lunch lol , yes I’ve been doing the library for years for Audio ! I get Netflix through T-MOBILE. So like I said , good video !
If you hook a lamp timer to your slow cooker. Your food will cook while you're working and when you get off work it'll be done and ready for you and you will save a ton of money 💰
Omg i love cooking hacks like that! Thanks!
Thanks Rose! This is great to rewatch, especially at the new year and with lifestyle changes of all kind. U rock!
I can certainly relate to the way you grew up. For me, watching Netflix kept me away from reading so I got rid of that and sold my TV. Trade a habit for a better habit.
Good ... and now you are watching financial stuff .. you will go far in life
Even sold the TV, mad props!
Regarding clothes. Eat well and exercise. Any cheap clothing will look awesome on any fit person and that is a fact
I am so thankful I had a high school teacher show us how to save for retirement. And then they told us to act like a broke college kid for as long as possible to prevent lifestyle creep.
That's a good mindset 👍
Totally relate to this video, especially the part about the car! I've never spent more than $3,000 in one place, and that was on a car... which took me all over the US with minimal repairs, and when it started having problems I no longer cared to deal with, I was still able to sell it for $500. Can't imagine trading a year or more of total freedom for a fancy car that I would only regularly drive a few miles to friends, church or the grocery store. Would rather put it in my house/devices that I use constantly, or better yet, invest it to reach financial freedom faster.
:( My city just got Door Dash, and I've been using it because I hate going out to get food sometimes. However, each meal is like $30 because I tip the driver around $8-10 sometimes, not just out of courtesy, but so they won't tamper with my food. Maybe I could just like, buy groceries for when I don't feel like going out? That makes so much sense.
As a doordasher thank you for tipping well. It makes it quicker that a driver will accept it.
order grocery to your house to cook with maybe? :?
Add all your Door Dash spending and you will realize that it is not worth it. Sure once and a while but be careful
As a delivery driver (mom and pop pizza, not dasher) I can assure you that most people won't bother to tamper with food. It's not worth losing a job over or the few moments wasted to do so. Drivers want to get the food delivered and get the next run. All that said, thank you for tipping well. Soooo many people still feel a $1 or $2 tip is decent while drivers are running our butts off and facing potential covid exposure 20-30 times a day. We all appreciate being treated kindly when a tip is earned :)
Hi Rose,
I just wanted to say thank you for your amazing videos! I recently discovered your channel a couple of weeks ago and have been watching your content ever since. Even your videos from three years ago are so informative and helpful. I've learned so much from them, and I really appreciate the effort you put into sharing your knowledge.
Thank you again!
Lila
“American dream can easily become an American nightmare” PREACH IT SIS 👏🏼
Love that quote
Rose, this was such a great video. This should be shown to all the young folks whom feel entitled to their designer clothes that they'll toss for the next big fad. It is nice to be able to toss money at Starbucks everyday. What's a $6 drink, right? But then it becomes a habit. And then you add other similar habits and next thing you know, you're in over your head.
I’ve adopted this year the minimalist mindset that I’ve applied to my shopping habits as well. I ask myself several times: Do I really need this item? Often time, I don’t but sometimes I cave in anyway😅 still working on it.
Yes! I now let things sit in my online shopping cart for at least 3 days and when I see it again I usually decide I don't need it
This is awesome, I need to replay it every single day !
Libby is a library app. They not only have audibles, but also online journal and magazine subscriptions
...like The Economist? ;)
I think I hacked the system
Also Axis 360 (audiobooks and eBooks) and Hoopla (also TV and movies). Local libraries use different services (all free), see what your local one has!
Thank you, Rose! 🙏💐
love the hair :)
My current car (truck) cost $4771’.00. My interest in my two companies is worth $1.5 million. I might upgrade to a $10,000 car.
Came for the spending tips, stayed for the hair style 😏... your videos are awesome as always, thanks!
It really does not make sense to buy new clothing at full price. Thrift stores sell the same brands and styles for a fraction of the price. Eye opening video though. Great job!