I admit, striking the right balance between investing, and enjoying the “now”, is a delicate dance. However if you’re worth 7 mil and you’re stressing over a $3 drink, it might be time to go talk to a therapist and learn how to unwind
I have a grandmother like this. Granted that's how you get rich, but when you have ($5m?) in the bank, it's like 'grandma, you don't need to save McDonald's french fries to reheat later, just go get some fresh ones.'
Other side of the coin... ...I often bring some extra things into the office to give away to help out poorer folks (food, clothes, etc.). I leave them on a table near the mail boxes with a note saying please help yourself. This guy I work with who is a multi-millionaire and does not seem to work very hard often grabs that stuff first (partly because he is always wandering around not working). I am going to start writing on my notes that it is for anyone except him.
And spiritual because where is his faith if half his wealth suddenly disappeared? Plus once he's spending more time with kids family experiences will be more burden on the budget. Anecdotally adult children stay connected to good but struggling parents, but the fearful miserly they won't deal with until they are one banana peel from the next life.
@@2010drive You don't have to spend it all and you don't have to leave it all. A good balance of ensuring your current family lives more comfortable lives whilst also ensuring a future generation will also be taken care of.
7.3 million net worth making over 300k/yr but scared to spend an extra $2 on a drink for your kids, that’s wild. Doesn’t matter how much money you make if you refuse to evade a poverty mindset you’ll always move like a pauper
That’s just value. It does not matter how much money you have. If the restaurant offer free water, and you have plenty of Soda at home, why spend the $2 at restaurants.
@donaldjohnson-wn6ps that isn’t why. And you think money is the end all be all because you lack it and most of your problems derive from what you perceive is your lack of money. But there’s more to life than how much you make. At his death bed he most likely won’t be thinking, “I wish I had save that extra $3 on that drink”, but perhaps “I wish I had lived a little more”. He knows this, hence the call
@@jeff-ds2pr No, but once you have enough invested to pay for your lifestyle off the dividends and interest, you have generational wealth, independence, and security. If you don't "use" (invest) your money, you are doing it wrong.
Many of Dave's regular viewers aspire to be in this guy's shoes and pinch every penny hoping so they can "live and give like no one else" but most of them will never feel like they have enough and will never back off the gas and will just die with a big pile of money.
No, once you have enough invested to pay for your lifestyle off the dividends and interest, you have generational wealth, independence, and security. If you don't "use" (invest) your money, you are doing it wrong.
Nobody knows when we will die. This man may be rich, but if he is stingy to spend $2.00 in a drink he is poor. Imagine waiting so many years living very stingy and then die suddenly! What a waste of life.
yes, that's the first step, to admit there's a problem. he should take baby steps now, practice letting go, splurge a little, and meditation can help. I totally relate to this guy, (but on a MUCH smaller scale, of course, lol.)
also, put 50K in an account that only your wife sees and let her take care of all of the extras for the family for the year, the eating out, buying gifts, vacation, weekends away, etc.
Sounds like his desire to spend more quality time with his family is a well placed priority. Memories together are more important than material things that lose value.
Dont buy you family expensive cars or toys, lend cash, etc., because you'll create spoiled/entitled monsters, but maybe let them have an extra soda or taco
Maybe try a "must spend" budget - set a number that you HAVE to spend every month and if you don't spend it all, you donate it to charity. That way the money is "already spent" so to speak and it feels fine to buy your kids an extra soda.
I know exactly how this guy feels. It is difficult for others to understand it. I grew up poor. As in “I feel guilty for asking for fries at McDonald’s because I know my mom is stressed about money” poor. Through education, work, saving, and investing, I have a net worth similar to his. But the wiring in my brain is such that “I have millions of dollars” and “I have to save money, I really shouldn’t spend $30 on a steak dinner” can exist at the same time. I feel guilty for working fewer hours while at the same time knowing I can afford it. People say that saving, investing, and wealth building is a habit. They are right. All habits are hard to break, not just bad ones.
I hear you man! That is exactly how I grew up. Knowing my mom didn't have a lot. LOL you'll never catch me even going out to eat, let alone a steak dinner. I worked restaurants for 20+ years and can cook fine for myself thank you 😂 I have so many good habits, and now it's time to learn some new ones.
This video kind of scares me. My parents had money while raising me. I didn't grow up as if we did though but they were not cheap. My mom wanted me to develop a mindset of getting what I need not want. If you want nice things you can treat yourself but in moderation not all the time. Safe to say I know how to manage money rn and I am ready for adulthood after college after this May. She wanted me to graduate debt free, I will, and now I get to work as well while she is enjoying her retirement right now. They had me late btw my mom was 35 and my dad was 38 when I was born. I am 22 and my dad is 59 (turning 60 this year) and my mom is 57 (turning 58 this year). I am their only child as well. So no pressure I just have to focus and do my best.
If he’s invested into anything half reasonable, he should be averaging a return of over $500k per year from investments alone. Dude is overthinking this hard. Assuming his plan is in order, he could quit his job and his family would be absolutely fine.
This is me without the huge salary and wealth . I am really careful with money because where I came from. Follow baby steps no debt. It’s a real thing. I hope he finds his way forward and lives his best life
Nah just some folks who had Carry this emotion when they were kid. They've witnessed all the dark side that why it hard for them. I do sometimes feel this as well but I gotta to tell myself my Boys are deserving this.
no, he's being MINDFUL of his money. He's nervous and has NEVER forgotten his life PRIOR to being wealthy. We have 5 kids and when we'd go out to restaurants with all of them, we told them they can eat any entree but drink water instead of soda cause it would cost an extra $20 for soda, which is garbage. They were good with that! and I'm not worth 7.3 mill
It’s ok to save for your future and retirement! But if you have 7.3 Million in savings and are being stressed over an extra soda at a restaurant then talk to a professional.
I have the same problem, we live like we’re poor! You can’t fix old habits easy. I love seeing the numbers grow, I hate spending money. I’m wealthier then this caller and understand his problem.
I am worth almost half of that, home and rentals all paid off as well as making $200k from my 9-5. I am the same way, though not as extreme. My family does like to spend, nothing extravagant and I am ok with it. We follow a budget no matter what.
He's cheap. You can be rich and cheap. Ask anyone in the service industry. Rich people are NOT the best tippers, and in many cases, can be bad tippers.
life is short… experiences are priceless…. what do you do with 15M when you are in 60s and your family and kids are out of the house on their own? My family passed away with tons of money and they could have used it for experiences with their grandkids… again, i get it… I grew up poor too.. having a death in family gave us a much different perspective in life…. we just bought 2 Teslas cash… it was not the best financial decision but moving forward we do not regret it.. family loves the nice road trips!
Funny.. I'm worth a little more than half this guy and I've been retired for 10 years. I do get how he feels though, we were always living on the edge growing up and my Parents didn't seem to have any comprehension of how precarious their position was. I am now practicing not looking at the menu prices before ordering..:)
This could be a lot of people who listen to financial shows. I'm a bit like this guy, but my wife certainly doesn't have an issue spending without my permission lol.
Sad to hear folks worry bout money like this, it simply to see your problem, when u being to put money before your family, u are loving money more than your family! U don't haven't to be a millionaire to have this problem either!
People will say he's too extreme but let's compare your bank account to his. It's almost always extreme people who get extreme outcomes like this. The mid range, chill, goldilocks enjoy life types will work until 65.
I switched to working 3 days a week two years ago. The 3 days that I do work is all done from home. I spend a lot more time with my family now. Any free time is spent doing chores around the house, going to the gym, mountain biking, hanging out with friends and watching movies. I love not having to commute in traffic and I also save time and money not having to get up early to prepare for work. I now wear sweats and a t-shirt everyday and no longer wear dress clothes. This has been life changing and it feels as though I am semi retired. The next step would be to retire.
I'm not worth anywhere near this. But I'm also not poor like I grew up. I had to talk myself into relaxing the strangle hold, too. I now budget "mad money" that goes into a separate account and links to separate debit and credit cards. And that's the way I can be comfortable spending a little desecration. I'm also the person who to need to see everything on vacation to get my money's worth. So now I schedule "unscheduled time" on vacation. Doing these things allow me to feel like I still have control, while also letting go of the small stuff.
I grew up poor and I’m enjoying baby step 6. I have what I want and the bills are all paid on time. My husband however freaks out about tiny little things. Not sure when he will relax and enjoy 💰
That’s not a contradictory statement. You can absolutely have a nervous system wired one way and still decide to take the next right step. Dr. John did amazing on this call with the little time he had!
Wow 😂 He’ll never change his ways even if he has $100M. He needs to seek help because his relationship with money is messed up. Balance is key to a happy life and stop being greedy.
His annual income will drop from 390k to 220k. Oh the agony! It's impossible to live on only 220k per year! The poor thing will starve and his kids will be living on the streets! This guy needs to loosen up and have a serious wake up call. He has worked hard, been prudent, done well for himself, and is providing great things for his family...so let them have it! His family may be rich, but they are living poor due to his insecurities. Obviously, don't spoil your kids, but if you don't actually use the money you earn then why do you keep earning it?
This guy is clearly off his rocker and probably a bad influence at home but lately I've felt myself behaving more like this dude because I too am terrified of spending anything.
Your value isn't based on money. You have more than enough, if your family wants something extra, they can get it. Don't love and worry about money so much.
It's a work life balance situation Most people use their time to make money but there comes a time in everyone's life where time is more important than money Money can buy Time But Time doesn't need Money
Probably 90% of the people saying its just $3 probably dont have anywhere close to the money he has. And thats why he has that money to begin with though
If one experiences significant financial hardship -- even many years ago -- and later becomes wealthy, it's still possible to have that frugal mindset. I speak from experience.
Depends how you become wealthy. If you do not work for it, you are going to be frugal, so you do not have to work. If you earn it, you will know how hard it was to make it and you will be frugal.
Sir I've never seen a Uhaul at a funeral and I've been to a lot one even where 10 members of a family died in a fire not 1 Uhaul with all their stuff was at the cemetery
If the house, cars, and any other big debts are paid off, then he could afford to loosen up a bit. Just so long as he doesn't go from one extreme to the other, the good doctor should be fine.
Imagine being those kids, growing up learning that Dad's got money bags, yet you were made to believe that money was a dire situation and you couldn't afford anything. Like John said, don't open it up so much that they get anything and everything they want, that doesn't teach them anything, but I'd probably feel a bit of betrayal if my father winced over an extra drink or, as John said, an extra taco when that extra drink or taco is effectively pennies against his millions...
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@PilouBen However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
This isn't a money issue it's a control issue. He feels that if he can control his money and what his family spends, his life will be OK. This, unfortunately for him, will not be the case. Anything can happen in life, and you have to be ready to switch gears at any moment. He probably needs to see a councillor about root depression and anxiety.First and foremost.
I worked for a company that the owner was a true miser. Worth at least 10 million in 2002 and counted every dime. He drove a 15 year old Ford Taurus wagon with a broken power steering pump and on three occasions the car broke down on him. He actually called around the office looking for someone to go get him if his wife was busy. We ignored him of course :) Being frugal and controlling your spending is ok but this caller is in need of therapy like my old boss
What would you guys recommend for a just turned 18 year old to have the best start to there financial journey. What I considered so far was these 3 things (emergency fund,save for school,Roth ira) I don’t know with to start first if I can get you guys opinion that would be great
I'm about to be a baby-steps millionaire. Yaay me right? LOL but I've struggled so long and budgeted so hard that I could literally live on $2500 a month. It's like a big deal for me to spend $200 or $300 on something. I love the "burn test" that Dave always says. Take that money you want to spend, and burn it... does it change anything (other than making me white-knuckle the steering wheel? lol)? If it doesn't change anything then you should go ahead and spend it. So yeah, this week I'm going to replace my 20 year old Craftsman pressure washer which cost me around $300 in 2002 with a new $350 electric model. Nooooo!!!! 😂the old one should have last longer!!!! 😂 Live like no one else, he says! My best friend is always telling me that I need to spend some money on myself. He gets a kick out of it! He totally picked out the most expensive pressure washer too 😆 on purpose!
Eh, humble brag calls usually try to make the caller look good. This makes the caller look rich, sure, but it also makes the caller look like someone with an unhealthy mindset around money.
He needs therapy. Some people just get the frugality wired into them to a hardcore level and can't let it go no matter how much they have. It's an extreme situation here so it matters an extreme reaction which means therapy
The question is not can his family live a nice life with him working part time. The question is can someone who built a net worth of 7.5 mil handle only working part time without being bored.
The issue is he doesn't have a financial goal. It's why athletes go broke. They have no horizon on which to focus. Without a goal you will either spend recklessly or penny pinch. If you sit down and set a goal such as "I want to retire at 55 with 200k annual income from investments" you will quickly realize you are already there. You will breathe easier and set a new goal, which may be "we will upgrade our car", "we will take better vacations", etc. "I will say yes to my kids' food wants, knowing we're set for life". Figure out where your horizon is then you will get to enjoy the flight. Congrats, you have won the game.
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
I admit, striking the right balance between investing, and enjoying the “now”, is a delicate dance. However if you’re worth 7 mil and you’re stressing over a $3 drink, it might be time to go talk to a therapist and learn how to unwind
I have a grandmother like this. Granted that's how you get rich, but when you have ($5m?) in the bank, it's like 'grandma, you don't need to save McDonald's french fries to reheat later, just go get some fresh ones.'
@@Nswix I think there is a difference between not wanting to waste resources and splurging
Other side of the coin... ...I often bring some extra things into the office to give away to help out poorer folks (food, clothes, etc.). I leave them on a table near the mail boxes with a note saying please help yourself. This guy I work with who is a multi-millionaire and does not seem to work very hard often grabs that stuff first (partly because he is always wandering around not working). I am going to start writing on my notes that it is for anyone except him.
Fr dudes wealthier then most celebrities
@@thedopplereffect00 I'd get that. But she's definitely doing it to save 50 cents worth of french fries, so she can microwave them the next day.
Man's worth 7.3 million dollars acting like Julius from Everybody Hates Chris 😂
Turn the lights off !!!
Those chips are $0.05 extra than last month!!! PASS 😡😡
Lmaooooo right
The mind/ psychology is a powerful thing.
That’s 63 cents worth of electricity
This really isn’t a financial phone call; it’s a mental/psychological one.
Many money problems are mental.
He is a Physician, he knows it is mental.
And spiritual because where is his faith if half his wealth suddenly disappeared? Plus once he's spending more time with kids family experiences will be more burden on the budget.
Anecdotally adult children stay connected to good but struggling parents, but the fearful miserly they won't deal with until they are one banana peel from the next life.
You cant take it with you, you have to live a little.
Right, just spend it all. Screw future generations
Hmmmm 🤨
@@2010drive You don't have to spend it all and you don't have to leave it all.
A good balance of ensuring your current family lives more comfortable lives whilst also ensuring a future generation will also be taken care of.
My late elderly auntie said " I've never seen a armoured car following a hearse yet"
@@2010drivewe're already doing that to future generations with climate change.
7.3 million net worth making over 300k/yr but scared to spend an extra $2 on a drink for your kids, that’s wild. Doesn’t matter how much money you make if you refuse to evade a poverty mindset you’ll always move like a pauper
trauma from poverty cuts deep
That's clinical behavior lol
The drink was $3. ........ lol ;)
Some of us struggle with the same problem. It's a real thing - you're constantly afraid of spending money, no matter how much you have in the bank.
That’s just value. It does not matter how much money you have. If the restaurant offer free water, and you have plenty of Soda at home, why spend the $2 at restaurants.
Debt can ruin your life but an unhealthy obsession with money, even if you have it in abundance, can make you miserable too.
luv ... $$ ... root ... evil [sum asmbly. req.] :-)
The whole point of being weslthy is to take care of your family. Being stingy with your own family whiles having so much seems unhealthy imho
who cares about health the y will hate you
@donaldjohnson-wn6ps that isn’t why. And you think money is the end all be all because you lack it and most of your problems derive from what you perceive is your lack of money. But there’s more to life than how much you make. At his death bed he most likely won’t be thinking, “I wish I had save that extra $3 on that drink”, but perhaps “I wish I had lived a little more”. He knows this, hence the call
I know. I can see this guy on his death bed at 85 going my...net...worth...is worth 93 million.....croak. You can't take it with you.
@@jeff-ds2pr No, but once you have enough invested to pay for your lifestyle off the dividends and interest, you have generational wealth, independence, and security. If you don't "use" (invest) your money, you are doing it wrong.
@UCpI1fBo0C6VX_dkRYBrJP6g ofcourse you would
The 1st thing to healing is admitting there's a problem. Balance is needed here. Kids/partner denied constantly will become resentful.
The whole idea of living like no one else is to later live and give like no one else. Not to simply collect a big pile of money that you never use.
Many of Dave's regular viewers aspire to be in this guy's shoes and pinch every penny hoping so they can "live and give like no one else" but most of them will never feel like they have enough and will never back off the gas and will just die with a big pile of money.
Sitting on money makes me feel like a dragon. Spending makes me feel like a chump.
No, once you have enough invested to pay for your lifestyle off the dividends and interest, you have generational wealth, independence, and security. If you don't "use" (invest) your money, you are doing it wrong.
Being wealthy enough to give to those in need is a blessing.
Nobody knows when we will die. This man may be rich, but if he is stingy to spend $2.00 in a drink he is poor. Imagine waiting so many years living very stingy and then die suddenly! What a waste of life.
Respect to the man for recognising his feelings are misplaced, with a bit of effort now I hope he can correct his ways and find a healthy balance
yes, that's the first step, to admit there's a problem. he should take baby steps now, practice letting go, splurge a little, and meditation can help. I totally relate to this guy, (but on a MUCH smaller scale, of course, lol.)
Salute to Dr. John for the language correction -> such a small yet powerful thing.
Big thing!!!
his goofy ahh didnt even let the guy finish speaking or ask his question john gotta quit that bs we need dave back seriously
@@redkobe5465the thing about helping someone interrupt their patterns, is you have to interrupt them
That's a little overboard not wanting to buy his kids a second drink, there's a difference between being careful and being cheap
If I said no to a second drink, it would be to limit their sugar. I wouldn't be thinking about the $2.
@@Joenzinator it's not $2, more like $4-$5. This is in a restaurant
yes but its psychological for him.
Especially since refills are usually free. 😂😂😂
@@Muchacha2024 milk and juice isn't, so I assume it was one of those
I appreciate the excitement you can hear in his voice knowing he's okay and he can spend more time with his kids
also, put 50K in an account that only your wife sees and let her take care of all of the extras for the family for the year, the eating out, buying gifts, vacation, weekends away, etc.
And buy her a simple diamond necklace to let her know how much you have appreciated her staying with you all these frugel years.
😂@@zanneizzo8113
@@zanneizzo8113 Dave once noted Sharons 1st ring was 'barely visible 2 the naked eye.' shes on ring num. 5 [iirc] now & 'its a freakin hedlamp!' :-)
Sounds like his desire to spend more quality time with his family is a well placed priority. Memories together are more important than material things that lose value.
Bro called to flex
Dont buy you family expensive cars or toys, lend cash, etc., because you'll create spoiled/entitled monsters, but maybe let them have an extra soda or taco
indeed -- theres a big diff. btw those sets of actions :-)
Maybe try a "must spend" budget - set a number that you HAVE to spend every month and if you don't spend it all, you donate it to charity. That way the money is "already spent" so to speak and it feels fine to buy your kids an extra soda.
good idea
I generally just read comments and don't respond but this was a really good idea.
Love this
Kudos to this guy. he's doing the right thing. you NEVER know what can happen. He's made a great life for himself.....
way to go
I know exactly how this guy feels. It is difficult for others to understand it. I grew up poor. As in “I feel guilty for asking for fries at McDonald’s because I know my mom is stressed about money” poor. Through education, work, saving, and investing, I have a net worth similar to his. But the wiring in my brain is such that “I have millions of dollars” and “I have to save money, I really shouldn’t spend $30 on a steak dinner” can exist at the same time. I feel guilty for working fewer hours while at the same time knowing I can afford it. People say that saving, investing, and wealth building is a habit. They are right. All habits are hard to break, not just bad ones.
I hear you man! That is exactly how I grew up. Knowing my mom didn't have a lot. LOL you'll never catch me even going out to eat, let alone a steak dinner. I worked restaurants for 20+ years and can cook fine for myself thank you 😂 I have so many good habits, and now it's time to learn some new ones.
I worked hard to pay off my debts. Now im enjoying myself . I don't want to wait until I'm retired to fix my teeth or get a functioning car.
Complaining over $2?
Yeah, he have some problems.
I don't think his family want to spend time with him.
This video kind of scares me. My parents had money while raising me. I didn't grow up as if we did though but they were not cheap. My mom wanted me to develop a mindset of getting what I need not want. If you want nice things you can treat yourself but in moderation not all the time. Safe to say I know how to manage money rn and I am ready for adulthood after college after this May. She wanted me to graduate debt free, I will, and now I get to work as well while she is enjoying her retirement right now. They had me late btw my mom was 35 and my dad was 38 when I was born. I am 22 and my dad is 59 (turning 60 this year) and my mom is 57 (turning 58 this year). I am their only child as well. So no pressure I just have to focus and do my best.
Sounds like they did a wonderful job teaching you financial values. It will serve you well.
@@carlaritchie331Thank you! 👍🏻
If he’s invested into anything half reasonable, he should be averaging a return of over $500k per year from investments alone. Dude is overthinking this hard. Assuming his plan is in order, he could quit his job and his family would be absolutely fine.
This is me without the huge salary and wealth . I am really careful with money because where I came from. Follow baby steps no debt. It’s a real thing. I hope he finds his way forward and lives his best life
Sounds like this is all estimated real estate values - not 7.3 liquid
@@stevego4835 not exactly he said his real estate is 2.2 million that should still leave 5 unless he owns a 5 mil house
Finally a caller we can all relate to.
A bragging call disgusted as a "Im concerned about muh psychological relationship around spending money" call.
It's called being cheap.
Nah just some folks who had Carry this emotion when they were kid. They've witnessed all the dark side that why it hard for them. I do sometimes feel this as well but I gotta to tell myself my Boys are deserving this.
no, he's being MINDFUL of his money. He's nervous and has NEVER forgotten his life PRIOR to being wealthy. We have 5 kids and when we'd go out to restaurants with all of them, we told them they can eat any entree but drink water instead of soda cause it would cost an extra $20 for soda, which is garbage. They were good with that! and I'm not worth 7.3 mill
He's being miserly and it's not bringing him peace or happiness. How sad.
@@FourSeasons04 miserly??
@@mgw9231yes
I definitely agree that spending $3 on a coke is a waste
Only if you are Hunter.
@@jimmymcgill6778stupid comment.
Agree, but with his net worth he needs to learn to not become anxious over it.
It’s ok to save for your future and retirement! But if you have 7.3 Million in savings and are being stressed over an extra soda at a restaurant then talk to a professional.
such a nonissue issue
I have the same problem, we live like we’re poor! You can’t fix old habits easy. I love seeing the numbers grow, I hate spending money. I’m wealthier then this caller and understand his problem.
these new hosts never let the caller even finish talking or get their question out first before they interrupt them we need dave back asap
I am worth almost half of that, home and rentals all paid off as well as making $200k from my 9-5. I am the same way, though not as extreme. My family does like to spend, nothing extravagant and I am ok with it. We follow a budget no matter what.
I respect this man highly
He is a jerk.
He’s still in Gazelle Intensity mode.
I miss when every call wasn't so rushed.
He's cheap. You can be rich and cheap. Ask anyone in the service industry. Rich people are NOT the best tippers, and in many cases, can be bad tippers.
life is short… experiences are priceless…. what do you do with 15M when you are in 60s and your family and kids are out of the house on their own? My family passed away with tons of money and they could have used it for experiences with their grandkids… again, i get it… I grew up poor too.. having a death in family gave us a much different perspective in life…. we just bought 2 Teslas cash… it was not the best financial decision but moving forward we do not regret it.. family loves the nice road trips!
This is what I don't understand about some who accumulate wealth...save/invest it just to look at it. Strange.
Funny.. I'm worth a little more than half this guy and I've been retired for 10 years. I do get how he feels though, we were always living on the edge growing up and my Parents didn't seem to have any comprehension of how precarious their position was. I am now practicing not looking at the menu prices before ordering..:)
Dad can I have a $3 juice?
Takes belt off of his pants.
💀😭💀
Seems like You knew my dad.
@@tywebbgolfenthusiast8950wow. A bit abusive?
I'd love to have this guy's problems lol.
way to relate to 0.001% of people.
This could be a lot of people who listen to financial shows. I'm a bit like this guy, but my wife certainly doesn't have an issue spending without my permission lol.
@@Joenzinator Same, but I’m the wife and my husband makes the money! That’s why an agreed upon budget saves our marriage!
I'm working up the courage to buy a $15,000 car that I need and then there's this guy
Are you a doctor? No comparison....
@@leechburglights is your point that there is a difference because that is what I was trying to establish
Money has to have a purpose. That's why Dave's system is so good. 7.3 milli bro, c'mon this is not about money. It's about control and mental health.
Sad to hear folks worry bout money like this, it simply to see your problem, when u being to put money before your family, u are loving money more than your family! U don't haven't to be a millionaire to have this problem either!
Just for those that don’t understand $220,000 in Hawaii is like 90 K in Kansas
These are the type of money problems I need 😂.
That man really said 390 to 220 like he was gonna have to live paycheck to paycheck😂😂 good for him tho
People will say he's too extreme but let's compare your bank account to his. It's almost always extreme people who get extreme outcomes like this. The mid range, chill, goldilocks enjoy life types will work until 65.
He is too extreme.
I switched to working 3 days a week two years ago. The 3 days that I do work is all done from home. I spend a lot more time with my family now. Any free time is spent doing chores around the house, going to the gym, mountain biking, hanging out with friends and watching movies. I love not having to commute in traffic and I also save time and money not having to get up early to prepare for work. I now wear sweats and a t-shirt everyday and no longer wear dress clothes. This has been life changing and it feels as though I am semi retired. The next step would be to retire.
I feel this guy's same emotions when my family adds Guac to their burrito or a soda ($3 for a $.50 cent avocado or $3 for $.10 of sugar)
8,000 net rental income on 2,000,000 in property should be the subject of the call. That’s the money problem.
Bro tripping dudes wealthier then most celebrities
I'm not worth anywhere near this. But I'm also not poor like I grew up. I had to talk myself into relaxing the strangle hold, too. I now budget "mad money" that goes into a separate account and links to separate debit and credit cards. And that's the way I can be comfortable spending a little desecration. I'm also the person who to need to see everything on vacation to get my money's worth. So now I schedule "unscheduled time" on vacation. Doing these things allow me to feel like I still have control, while also letting go of the small stuff.
Knowing about metabolic nutritional health, another steak, no sugar water.
He’s got that scarcity mentality. Common in people who grew up in poverty.
I grew up poor and I’m enjoying baby step 6. I have what I want and the bills are all paid on time. My husband however freaks out about tiny little things. Not sure when he will relax and enjoy 💰
Now his voice is on the show, everyone is coming out of the woodwork!! 😂
John: "You can, you choose not to"
Also John: "Your nervous system is wired this way"
He's awful. He cut the guy off to make him say he chooses to, then yells at him like 3 times to keep talking. Someone's mad jealous.
People can intentionally choose to change and overcome/heal from the past. People can learn to control their initial reactions.
That’s not a contradictory statement. You can absolutely have a nervous system wired one way and still decide to take the next right step. Dr. John did amazing on this call with the little time he had!
He explains practicing. Correcting your language is the first step of healing innate tendencies.
Good job Ebenezer
Wow 😂
He’ll never change his ways even if he has $100M. He needs to seek help because his relationship with money is messed up. Balance is key to a happy life and stop being greedy.
John, let the man speak and let Jade speak, please.
His annual income will drop from 390k to 220k. Oh the agony! It's impossible to live on only 220k per year! The poor thing will starve and his kids will be living on the streets!
This guy needs to loosen up and have a serious wake up call. He has worked hard, been prudent, done well for himself, and is providing great things for his family...so let them have it! His family may be rich, but they are living poor due to his insecurities. Obviously, don't spoil your kids, but if you don't actually use the money you earn then why do you keep earning it?
This guy is clearly off his rocker and probably a bad influence at home but lately I've felt myself behaving more like this dude because I too am terrified of spending anything.
This guy richer than the people giving him money advice
I think low key he just called in to brag lol
HE SOUNDS LIKE A PLUMBER, NOT A PHYSICIAN! LOL
Your value isn't based on money. You have more than enough, if your family wants something extra, they can get it. Don't love and worry about money so much.
Allow 1,000 more to spend a month for your family expenses.
It's a work life balance situation
Most people use their time to make money but there comes a time in everyone's life where
time is more important than money
Money can buy Time
But Time doesn't need Money
Probably 90% of the people saying its just $3 probably dont have anywhere close to the money he has. And thats why he has that money to begin with though
He watched an episode about gazelle intensity, forgot to check the next steps, and kept going indefinitely. He's just pure Gazelle now
If one experiences significant financial hardship -- even many years ago -- and later becomes wealthy, it's still possible to have that frugal mindset. I speak from experience.
Depends how you become wealthy. If you do not work for it, you are going to be frugal, so you do not have to work. If you earn it, you will know how hard it was to make it and you will be frugal.
Sir I've never seen a Uhaul at a funeral and I've been to a lot one even where 10 members of a family died in a fire not 1 Uhaul with all their stuff was at the cemetery
Some people are so poor, all they have in life is money…
Or you end up marrying and you are slave to the gal, who is using your money.
Yes that's a strain on the relationship when your a basically a millionaire and your worried about your child ordering a extra $3 drink.
I think this guy just called in so he could tell them he’s worth $7.3 million. More like an opportunity to brag.
I think you are correct.
If the house, cars, and any other big debts are paid off, then he could afford to loosen up a bit. Just so long as he doesn't go from one extreme to the other, the good doctor should be fine.
Imagine being those kids, growing up learning that Dad's got money bags, yet you were made to believe that money was a dire situation and you couldn't afford anything. Like John said, don't open it up so much that they get anything and everything they want, that doesn't teach them anything, but I'd probably feel a bit of betrayal if my father winced over an extra drink or, as John said, an extra taco when that extra drink or taco is effectively pennies against his millions...
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@PilouBen However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@PilouBen Clementina Abate Russo is her name
Lookup with her name on the webpage
@PilouBen You are welcome
@@lennoxmutterick6434 scam
Decide how much you need to feel secure and then you can be free to spend the rest.
This isn't a money issue it's a control issue. He feels that if he can control his money and what his family spends, his life will be OK. This, unfortunately for him, will not be the case. Anything can happen in life, and you have to be ready to switch gears at any moment. He probably needs to see a councillor about root depression and anxiety.First and foremost.
Probably doesn’t want people taking advantage of him.
I worked for a company that the owner was a true miser. Worth at least 10 million in 2002 and counted every dime. He drove a 15 year old Ford Taurus wagon with a broken power steering pump and on three occasions the car broke down on him. He actually called around the office looking for someone to go get him if his wife was busy. We ignored him of course :) Being frugal and controlling your spending is ok but this caller is in need of therapy like my old boss
Sometimes I think people call to tell somebody how much they make.
He’s taking the first step and acknowledging he needs to change directions. He has anxiety and just needs some counseling.
After about 2 months you're going to be like I'm going back to work full time plus overtime
No one owns money. Use it to unlock your preferred lifestyle once you have your plans in place.
The caller isn't going to pay for his kid's college tuition. I'm guessing, since he's so tight with money
What would you guys recommend for a just turned 18 year old to have the best start to there financial journey. What I considered so far was these 3 things (emergency fund,save for school,Roth ira) I don’t know with to start first if I can get you guys opinion that would be great
Sounds great. As far as school, just choose something you not only love but that also will give you a good ROI with a solid financial future.
@kite1586 Learn the Ramsey baby steps as a path to sequencing the actions. (Hint: establishing a small emergency fund is first).
I'm about to be a baby-steps millionaire. Yaay me right? LOL but I've struggled so long and budgeted so hard that I could literally live on $2500 a month. It's like a big deal for me to spend $200 or $300 on something. I love the "burn test" that Dave always says. Take that money you want to spend, and burn it... does it change anything (other than making me white-knuckle the steering wheel? lol)? If it doesn't change anything then you should go ahead and spend it. So yeah, this week I'm going to replace my 20 year old Craftsman pressure washer which cost me around $300 in 2002 with a new $350 electric model. Nooooo!!!! 😂the old one should have last longer!!!! 😂 Live like no one else, he says! My best friend is always telling me that I need to spend some money on myself. He gets a kick out of it! He totally picked out the most expensive pressure washer too 😆 on purpose!
The host guy in black shirt resembles Steven Gerrard. Looks a lot similar to him.
A physician that says "for real".... Press D to doubt
D for dumb comment
Better than "f" bombs.
I smell a humble brag call, lame
Eh, humble brag calls usually try to make the caller look good. This makes the caller look rich, sure, but it also makes the caller look like someone with an unhealthy mindset around money.
I would have agreed with John over his semantic interruption and said it again just to let him know he didn't punk me
He needs therapy. Some people just get the frugality wired into them to a hardcore level and can't let it go no matter how much they have. It's an extreme situation here so it matters an extreme reaction which means therapy
The question is not can his family live a nice life with him working part time. The question is can someone who built a net worth of 7.5 mil handle only working part time without being bored.
learn to live a little. tomorrow is not promised
When this guy kicks the bucket others will go through his money like shit through a goose.
The issue is he doesn't have a financial goal. It's why athletes go broke. They have no horizon on which to focus. Without a goal you will either spend recklessly or penny pinch. If you sit down and set a goal such as "I want to retire at 55 with 200k annual income from investments" you will quickly realize you are already there. You will breathe easier and set a new goal, which may be "we will upgrade our car", "we will take better vacations", etc. "I will say yes to my kids' food wants, knowing we're set for life". Figure out where your horizon is then you will get to enjoy the flight. Congrats, you have won the game.
Nah he needs therapy. 7.3m?