How To Manage Money Like A Minimalist

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  • Опубликовано: 26 окт 2024

Комментарии • 148

  • @RonaldLBanks
    @RonaldLBanks  3 года назад +89

    Let me know if you’re interested in more content around managing money and tracking your spending. Would love to provide you with as much value as possible!

    • @barbaracarbone4658
      @barbaracarbone4658 3 года назад +7

      Yes please. I love talking and listening to money saving subjects.

    • @livinglikeahuman7918
      @livinglikeahuman7918 3 года назад +2

      It’s always needed but never wanted !! Send it 🔥

    • @Maya-kz1wq
      @Maya-kz1wq 3 года назад +1

      Thanks Ronald. Loved your video, everything you explained motivated me and stopped me from spending on sale. God bless you 🙏🏼

    • @christineo8510
      @christineo8510 3 года назад +2

      I personally prefer the mindset and minimalism ones. I don't really have much issues for finances. I just buy what is important, stay out of debt and save for big ticket items.
      Ironically, I turned to minimalism after I paid off my last set of CC and student loan debts. I can see why managing money and minimalism topics should go together. Just wished that I was taught that sooner instead of wasting money on junk and CC interest.

    • @meowyimeow
      @meowyimeow 3 года назад +3

      Hi Ron. I would love to see a video on decluttering your spending. I’m not an extravagant spender and don’t usually give in to impulse except for food and yet it seems like I spend more than I earn every month. I find tracking my money overwhelming and in the past it didn’t seem to help (I’m not sure why).

  • @foodplaces5165
    @foodplaces5165 3 года назад +36

    A video showing how you and the Mrs track your spending would be very helpful. Thx!!!

  • @skoopqueen
    @skoopqueen 3 года назад +51

    Just stumpled on this channel. You spoke basic FACTS and am a living testimony to that.I’m 40 and my husband 44 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the capital market made it possible for us this early even till now we earn weekly.
    Thanks to fire movement.

    • @ugojazzy7812
      @ugojazzy7812 3 года назад

      Great job with your husband! I bet you’re living your best life right now.
      I’m a young dad, I’m really glad to hear your story it inspires me.
      What’s FIRE movement please.?

    • @skoopqueen
      @skoopqueen 3 года назад +1

      @@ugojazzy7812 FIRE means Financial Independence Retire Early .
      It’s been a movement teaching people financial independent and how to retire debt free through solid investment and frugal lifestyle.

    • @tegulvedameile989
      @tegulvedameile989 3 года назад +1

      I'm 42 and my finance is in a mess. Any good tips would go a long way in shaping my life

    • @skoopqueen
      @skoopqueen 3 года назад +1

      @@tegulvedameile989 Hello my dear sorry for the late response. Apparently, I used the FIRE movement to put my finances in shape. You can research more about it. Then invested in stocks, crypto-currencies and real estate with the assistance of my finànciàl advisór.

    • @ugojazzy7812
      @ugojazzy7812 3 года назад

      @@skoopqueen Who is this financial advisor of yours and how can I teach out to him.

  • @Maya-kz1wq
    @Maya-kz1wq 3 года назад +76

    Deleting all online shopping apps will surely help many impulse buying shoppers. 😅

    • @shabauraperryman4973
      @shabauraperryman4973 3 года назад

      I find my self doing that very thing EVERY other month! Uggh!

    • @coffeejab3381
      @coffeejab3381 3 года назад

      I hate shopping online. I guess this is me being picky

    • @Vera_Nguyen
      @Vera_Nguyen 3 года назад +1

      @@coffeejab3381 its kinda crucial for me in the epidemic tho

  • @maureen8745
    @maureen8745 3 года назад +3

    Great advice. It does work when you're disciplined & determined. The finish line will be crossed but no one talks about the next step or when does one stop striving and begin to gently row their boat down the stream? Reminds me of Forrest Gump when decides he has finished running and one of his followers says "Now what?" That runner was searching for a reason to be...so he latched onto Gump's pain thus avoiding his. What's not discussed is letting go of the emotional baggage that got one holds onto trying to run from but instead runs back to rather than walk back and face it. The self continues to chase it's tail or revert back to whatever the self wasn't willing to let go of.
    I went through this process of minimalism and paying off debt in May 2020 and still struggle with the "Now what".
    Im happy. I don't strive have a house or property a car of any kind fancy gadgets or even tv. I just feel so happy and lucky that i can be me and it can be a struggle when you watch others struggle with their truth verses the ego.
    Much love and laughter to all

    • @lynnoorman2144
      @lynnoorman2144 3 года назад

      Give. Time or money or energy to a worthy cause.

  • @kathrynb3718
    @kathrynb3718 3 года назад +3

    Yes please to more about managing money and reducing expense 🌟 thank you

  • @tanyal7122
    @tanyal7122 3 года назад +10

    Money tips are always helpful. How about a food budget one as well. Money is my main focus now that the house is uncluttered, thanks so much for your awesome content💜

  • @noelcarter2100
    @noelcarter2100 3 года назад +8

    I would love more content on managing money 😀 I took a Dave Ramsey class years ago and a lot of what you say lines up to that, but with a minimalistic twist .

  • @mastandstars
    @mastandstars 3 года назад +3

    Yes! Do a Notion video please.

  • @misskingschild3670
    @misskingschild3670 3 года назад +4

    Thanks so much! And yes I'd love to see how exactly you two are tracking your finances. Have a good day!

  • @queentinadoire6931
    @queentinadoire6931 3 года назад +11

    Great content Ronald- You never disappoint us.

  • @NeenerzNiqabi18
    @NeenerzNiqabi18 3 года назад +4

    Straight to the point and helpful!

  • @vv.allison
    @vv.allison 3 года назад +3

    yes to more money topics, ron! i've done a ton of learning over the last few years & genuinely enjoy working on my money mindset & building up my net worth & knowledge. do it!

    • @vv.allison
      @vv.allison 3 года назад

      (+ Even if it's just to reiterate things I already know!)

  • @j20sti
    @j20sti 3 года назад +1

    Wow I Love this video!! Thank you brother

  • @LivingProcess
    @LivingProcess 3 года назад +2

    Brilliant as always Budget with purpose helps Thank you!

  • @YuniorGamboa
    @YuniorGamboa 3 года назад +2

    Please do a follow-up video explaining in detail how you are personally using Notion.
    Thanks in advance.

  • @isabelkassan5244
    @isabelkassan5244 3 года назад +1

    Liked the parts of the video that referred to decluttering and minimalism! I am older don’t have debts! Aussie Lady

  • @nicoledais4129
    @nicoledais4129 3 года назад +1

    Thank you Ronald! I love your videos. I would definitely be interested in additional videos regarding money management. My challenge has been being consistent with my habits. Thank you again!

  • @ilkaperez9119
    @ilkaperez9119 3 года назад

    Yesss! So helpful. Like how you get right into it and don’t talk , talk, talk, ! God Bless.

  • @christinelinton2382
    @christinelinton2382 3 года назад +4

    Would love to learn more about your Notion setup. Thanks for another inspiring video!

  • @erinoakley645
    @erinoakley645 3 года назад +2

    We would love to see your finance tracking video! Thank you for these great resources.

  • @hollowfragment237
    @hollowfragment237 3 года назад +2

    See I'm a college student and already had this mentality when going out into the world. I work a minimum wage job that makes about 22-24k a year. I turn 23 this year and have about 10k in savings. About 2.5k in investment accounts. its not much but its something until I finish my college. I do love this mentality and style and I try to be more open to have fun as well so I can enjoy my college years. I drive an owned vehicle that will most likely last me until my half way into my degree. Its not flashy but at least Im not broke. I will by a used car again but maybe a bit luxury just cause I do like to drive and want a fun vehicle for myself.

    • @geeano9232
      @geeano9232 2 года назад +1

      I want to encourage you (as someone who is a decade older) this is phenomenal. Keep it up, you are swimming successfully against the tide and hopefully building the character to match 🙌🏿

  • @nathanielringdahl
    @nathanielringdahl 3 года назад +1

    Great video; and side note - you have great cadence and tone 👌🏼 so good information as well as relaxing

  • @startpage717
    @startpage717 3 года назад +3

    Beautiful. In order for anyone to be able to understand their money they have to understand their mind...(control your mind controls your money) anywho this vlog is still Beautiful.

  • @MukLyfeMarshall
    @MukLyfeMarshall 3 года назад +5

    I'd love to see how you setup the notion database for this

  • @mandyadams918
    @mandyadams918 3 года назад +2

    Loved this video -more please.

  • @jaimetan
    @jaimetan 3 года назад +7

    This is great! I usually use an app to track my expenses but wouldn’t have thought to use Notion (but of course!) would love to see what template you use if you’d share it, please? And totally agree that learning to manage your finances is part of living an intentional life - at least I’ve found that mentally it’s helped to give some ease knowing where I’m at financially. Thanks for sharing, and yes more personal finance videos, please!

  • @GoingGreenMom
    @GoingGreenMom 3 года назад +3

    Please tell us more about the log! I need to teach the kids to budget as they near moving out, but have been using an obsolete version of YNAB to avoid the monthly subscription.

  • @scottbookreviews2198
    @scottbookreviews2198 3 года назад +1

    He asks amazing questions questions to ask yourself

  • @ubaok24
    @ubaok24 3 года назад +5

    Also, stop trading in your car every 2-3 years. Only do so if your current car is costing you money in repairs.

    • @dankuash
      @dankuash 3 года назад +1

      I can't even buy one XD

    • @williamclark1244
      @williamclark1244 2 года назад

      I'd rather pay for repairs than to have a car note.

  • @simonedm111
    @simonedm111 3 года назад +2

    I would love to hear more about saving and paying off debt.

  • @randydaugherty607
    @randydaugherty607 3 года назад +1

    Great content and nudge to do better and get on track,,,thanks

    • @RonaldLBanks
      @RonaldLBanks  3 года назад

      I’m glad this reached you Randy! Keep growing and learning on your journey!

  • @RK-yx9xi
    @RK-yx9xi 3 года назад +1

    Hi Ronald, Much appreciated videos. Can you post a video on your monthly budget using notion? I am using pocket expense right now which didn't have shared plan feature. I would like to have a walkthrough on how you setup the same using notion. I will help people like me to organise better. Thanks in advance.

  • @benjaminmeure8232
    @benjaminmeure8232 3 года назад +1

    The toughest part for me was realizing that I didn't need to impress anyone with my belongings. It's so easy to buy "the next big thing" with one-click shopping. Having self-control and understanding the value items bring helped me stop spending money on pointless items!

    • @laminage
      @laminage 3 года назад

      Right On! My Cousins wear a $600.00 Apple Watch but I think a Timex, Seiko or another Type of Watch works just as well. Also folks who live lavishly are up to the backside in debt like nobody's business. They have an image to maintain. They buy all kinds of things ie Cookers and the like and I think what you spent could be used to pay a Bill. My Cousin is always borrowing but he never learned budgeting. He grew up spoiled and no matter how many times I remind him to budget and to remember his Bank Service Charges etc he doesn't listen, then he has two of nothing. I get paid Twice Per Month, but I know that Bills are due on certain days so the Money is there. He doesn't think to take his Salary and Chop half for one part of The Rent then have the other half at the end of the month. He takes his Entire Check uses it for Rent, then he has nothing leftover.

  • @eversoncarvalholima
    @eversoncarvalholima 3 года назад

    I'm so glad that I found your channel. Keep it up!
    Cheers from Brazil.

  • @belevitt1
    @belevitt1 3 года назад +2

    This is the second video from the same individual that I've watched. I think he must have a side gig as a graphic designer if the interstitial cuts, text graphics, and B roll are any indication. These nice touches go a long way in making the videos entertaining and easy to follow.

    • @RonaldLBanks
      @RonaldLBanks  3 года назад

      I’m really glad that you’re enjoying my content Brandt! Keep growing and learning on your journey!

  • @Shelby-p-Co
    @Shelby-p-Co 3 года назад +1

    Yes to Notion! Would love to see how you utilize it.

  • @ani214
    @ani214 3 года назад +1

    A video on Budgeting using notion would really help.

  • @helenaquin1797
    @helenaquin1797 3 года назад +1

    Well how practical of a talk was that! Good work, (for us to share in.) Thanks-

  • @keepinitrealforgood
    @keepinitrealforgood 3 года назад +1

    Yaay, definitely more videos on finance ♡♡

  • @ewape1313
    @ewape1313 3 года назад +1

    essential and very good spoke. Thanks :)

  • @cassandrawilliams3414
    @cassandrawilliams3414 3 года назад +1

    Love this finance series ❤️❤️❤️

  • @Bunnystar380
    @Bunnystar380 3 года назад +2

    We could see how you also apply being a minimalist in your vlog. Being straightforward. 👏🏻

  • @derrickthomas1897
    @derrickthomas1897 3 года назад +1

    Thank you for making this video I have been waiting for this👍👍👍👍

    • @derrickthomas1897
      @derrickthomas1897 3 года назад

      @@user-tj5rn6lq4j thank you stay blessed

    • @RonaldLBanks
      @RonaldLBanks  3 года назад

      Derrick, please do not text of call that number. That was not me replying to you. I have reported that account and since removed it from the comments. All replies from me in the comments of my videos will have a verified check mark next to my name.

  • @crischgs
    @crischgs 3 года назад +1

    Amazing video!

  • @OtherDianne
    @OtherDianne 3 года назад +1

    Would love to see how you use Notion for your budget and spending.

  • @victorrivera6332
    @victorrivera6332 3 года назад +1

    Just found your videos 👏👏.

  • @katiefoster7177
    @katiefoster7177 3 года назад

    Super helpful . Please post more!

  • @gregorypitts5449
    @gregorypitts5449 3 года назад +1

    Please do a budgeting video using Notion. Thx!

  • @freqcity
    @freqcity 3 года назад

    Awesome video bro! Def make that next video of how yall use notion! I'll be watching

  • @mariaguico7072
    @mariaguico7072 2 года назад +1

    Can you pls show us the expense take that you use on Notion. Thank you.

    • @RonaldLBanks
      @RonaldLBanks  2 года назад +1

      I share my finance tracker in Notion in this video here: ruclips.net/video/ce9t8XGXf_M/видео.html

  • @debbiemclean1090
    @debbiemclean1090 3 года назад +3

    I'd love a template on budget as I need to do things "old school" to stick to it xxxxxxx

  • @tracyj3969
    @tracyj3969 3 года назад +2

    A video on how you and your wife use notion, Please!!!

  • @AcesizOfficial
    @AcesizOfficial 3 года назад +1

    Gems 💎

  • @BEV-yz9ji
    @BEV-yz9ji 3 года назад

    3:03 it would be great if you could share how u use notion to track money and so.

  • @Menca.
    @Menca. 3 года назад +2

    Great video

    • @RonaldLBanks
      @RonaldLBanks  3 года назад

      Thank you! I’m glad you enjoyed this!

  • @AldoFelt
    @AldoFelt 3 года назад +1

    smart!

  • @ubaok24
    @ubaok24 3 года назад +3

    My car note is my biggest expense outside of my rent

  • @DachshundPal
    @DachshundPal 3 года назад +1

    Notion budgeting video please. Also does anyone know how to find the website?

  • @Riiklovee93
    @Riiklovee93 3 года назад +1

    This may sound dumb but can you explain what money goals are? Is it like a certain amount you want to have by a certain time period or?

    • @RonaldLBanks
      @RonaldLBanks  3 года назад

      Correct! It’s any objective or milestone you want to accomplish financially! Also break down your goals into three categories. Short-term, mid-term and long-term goals. Meaning put a time period on it as you said. It’s important to be specific about your goals because that gives you a target to aim at.
      Example….
      Goal: Save a fully funded emergency fund (3-6 months of total expenses) in xx about of time.
      With every goal you set, answer: What? Why? And by when?

  • @Mary-M
    @Mary-M 3 года назад

    I love your content! It does kind of seem like you’re trying to sound like someone else when you speak. I say that with love and kindness. I do wish you’d be more yourself in your videos. I’d show up for that guy every day. I’m still going to keep subscribed tho! Love the financial minimalism content :)

  • @GoldenGirlEnergy
    @GoldenGirlEnergy 3 года назад

    can you make a video about the notion budget

  • @barbaracarbone4658
    @barbaracarbone4658 3 года назад +6

    Definitely walk us through whatever that thing was. Lol.

  • @dianamaguicay
    @dianamaguicay 3 года назад +1

    SUBSCRIBING HERE FROM THE PHILIPPINES.

    • @RonaldLBanks
      @RonaldLBanks  3 года назад +1

      Welcome to the community Diana!! I’m glad you decided to subscribe! If you have any questions don’t hesitate to ask!

    • @dianamaguicay
      @dianamaguicay 3 года назад

      @@RonaldLBanks Thank you. I really enjoy your videos :) Worth watching

  • @dellyndigital
    @dellyndigital 3 года назад

    Dave would be proud.

  • @mrenvy2269
    @mrenvy2269 3 года назад +1

    What was the app you are talking about in this video?

    • @RonaldLBanks
      @RonaldLBanks  3 года назад +1

      Notion
      It’s available now desktop, mobile app and web. So you can always access you account regardless of where you are.

    • @mrenvy2269
      @mrenvy2269 3 года назад

      Thank you, I appreciate you getting back to me.

  • @grant9047
    @grant9047 3 года назад

    Sin not debt in that quote you mentioned

  • @MrBaiLiE7
    @MrBaiLiE7 3 года назад +4

    My bank account is the one of the only things that is minimalist in my life.

  • @TheRatounet
    @TheRatounet 3 года назад

    One question is house mortage consider as a debt? Because i think it iq better to keep it even if you have money to reimburse. It is better to invest that money than paying the loan. I have only debt to my self u started to save money but when i need to buy i am using thzt money and consider as a loan and have to reimburse myself for several years or months on top of normal saving. If i decide to save for an activity such a trip i continue to save for that trip after i made the trip so i try to not reduce my saving but more to increase it every year. In parralel i have multiple investment

  • @filipg9950
    @filipg9950 3 года назад

    Yeah, couldnt agree more. Budgetting video would be great. Peace

  • @kimberlyb1286
    @kimberlyb1286 3 года назад +1

    Thank you! Excellent explanation!

    • @RonaldLBanks
      @RonaldLBanks  3 года назад

      I’m glad you enjoyed this Kimberly!

  • @MRRLARBI
    @MRRLARBI 3 года назад

    I need help to manage my finances

  • @suleyilmaz82
    @suleyilmaz82 3 года назад +1

    Lots of Dave Ramsey financial advice ❤️

  • @AverageAufa
    @AverageAufa 3 года назад +2

    Can we see your personal short term, mid term and long term goal?

  • @ellenjackson8901
    @ellenjackson8901 3 года назад

    Two is always better than one

  • @Meemee-mo5it
    @Meemee-mo5it 3 года назад

    Thank you. Yes, more money saving ideas with how it relates to minimalism.

  • @waderidsdale402
    @waderidsdale402 3 года назад +1

    Full disclosure, I'm on disability an have been for few years because of a hemmorhgic stroke. Before that I was robbing Peter to pay Paul for the longest time and come 2022 I may be getting $90 increase. I could always use a money saving vlog post but I actually made out pretty good 🤷

  • @ubaok24
    @ubaok24 3 года назад +1

    My money goal is to pay off my car early. Building savings.

  • @Macarone328
    @Macarone328 3 года назад

    ⭐⭐⭐⭐⭐

  • @jordyjustine
    @jordyjustine 3 года назад

    Surprised you didnt give even the slightest nod to Dave Ramsey.

    • @marthasalter405
      @marthasalter405 3 года назад +3

      Dave Ramsey isn’t the only one with the basic concepts of emergency fund and paying off your debts.

    • @jordyjustine
      @jordyjustine 3 года назад

      @@marthasalter405 Sure but he listed them exactly like Dave's plan hinting at the fact that he is privy to them. Dave has been rattling these things off for 30+ years. Its not at all that Dave deserves all of the credit for common sense practices, its more that he didnt even mention him or other plans that could aid his audience in bettering their understanding of these practices. Multiple nods could've been given to provide more value.

  • @maureen8745
    @maureen8745 3 года назад

    Realise what one thinks is theirs is really owned by God. For when you died none of it goes with you...not even your skin or bones. So stop worshipping your possessions and thank God. Then you'll learn be a master creator just like Him.

  • @mymail1938
    @mymail1938 Год назад

    Thanks for the video. It seems that a lot of the things you say come from Dave Ramsey. Why not give him the credit for it?