Your health IS your wealth. I work in a 22 bed ICU. I converse with distinguished men dying very old (fortunately), but also some well before old age 😢 Your spiritual health is your wealth.
💯Not only do you live longer but you have more healthy years to earn, retire, do what ever you want before you really do become too old and sick to do anything.
One of the best books I've read "The Millionaire Next Door" completely summarizes this concept of not living a flashy lifestyle. Sam Walton, the founder of Walmart lived this kind of humble life
Lol my wife laughs at me because I dress in workout shorts, tshirt or sweatshirt sometimes with holes. I don't give a shat what anyone thinks about me. Our vehicles are paid off and only worry about mortgage and standard bills. Young folks worry too much about shat that doesn't matter. As you said life is too short and there is NO one on this earth I need to please.
Yep, inevitably a frugal person will end up married to a spendthrift. My wife has become much better in that regard, although she has always been a good bargain shopper.
Three and a half years ago I just finished paying off my car when the engine decided to have catastrophic engine damage at 75 MPH. Cost more to fix it than it was worth. Luckily I was working from home at the time. I saved up for ten months until I found something that worked for me. I found a 2003 Mercury Grand Marquis owned by an elderly couple. The car had less than 71k miles on it. Those cars can last a really long time. I snagged it and am* enjoying dirt cheap insurance and practically free annual registration. Best part is no car payments. No car payments are key to surviving & thriving in this crap economy & inflation.
Great buy and it’s so nice not having car payments. I am not sure how we even normalized car payments. If a person wants a $100,000 car the. They should have the cash.
After 50, our body is aging faster than the cars houses we own. We are perishable, and retirement really mean that our body needs to slow down and to have a good maintenance such as eat well, exercise..
I definitely agree with you. We drive 15-20 year-old cars and live comfortably but modestly. We have more money in retirement than people would expect I’m sure!
True living with one’s means is so important a d especially in retirement. It’s amazing how far money can go if you really stretch the spending and be more frugal. Most of us r joy our freedom allot More than being a slave to the grind and having a new car.
I can totally relate to the self-confidence-at-work part. Having lived well below my means for years, and finally paid out all loans (including the house) and made some savings aside. It is a totally different ballgame and far more relaxed to have meetings with the boss. Oh and my wardrobe is 10 years+ old and my car is from 2006 :)
True story: My cousin here in the US worked until 70 to get full retirement benefits. He and his wife are over 40K in debt trying to seem prosperous. He now was liver, kidney and bone cancer. So, work all your life and go into debt trying to keep up with the Jone's for what??? Great video topic.
Oh no, that’s rough. So sorry about your cousin but yes life is short and working that long is part of the issue I. General and getting into hock late in life is horrible too.
Good points. Made me chuckle because it reminded me of a conversation close to 40 years ago with a lady I knew. She knew I worked a lot of overtime, and she asked, "so, what do you do with all that overtime money, it's obvious you don't spend it on clothes !" I got a good laugh out of it.
I have in-laws that have tried to push my wife and I to spend more over the years. Always commenting on what our cars and house look like. We have resisted, explained our values, and are so much better off for it. Let the in-laws toil away maintaining their possessions only to realize they are too old and in too poor of health to do it any more. They are finally focusing more on what matters.
Yes that’s great that you prioritized your health and wellbeing along with your own financial goals over other peoples idea of what clauses should look like
I had the same in-laws who tried to make us feel inadequate, and to overconsume like their tribe does. In the end we had to distance ourself from them. It was the only way. And some cultures think more like this than others.
A lot of young people, especially those that haven’t been of working age through the Great Recession, have no idea on bad things can really get. Times can get really bad and unfortunately most people leverage themselves thinking everything will be fine
Cool haircut. Good points.. Im careful with what I buy after my income rose considerably but I still enjoy the things I enjoy… like fine cars, respectable quality clothing, the best grass fed beef I can get, and vacations. It is indeed easy to increase your spending as your income rises.
I agree 100%. I used to work in a Casino in Windsor and we knew all the wealthy gamblers because they were all dressed "poorly", jeans and a t-shirt. The "wannabees" were dressed to impress. Many people are too caught up with material things and dont think about the future.
My friends tell me I buy way too many things. What they don't realize is that I'm a bargain hunter. I never pay full price. I have the patience to wait years for something to come on sale. For example, today I saw the clearance sale on the Flex 24v Fan. The regular price is $120. I've wanted one but not for $120. This morning, they went on sale for $29 each. I bought 4.😊 The four fans I bought today are equal to one fan from yesterday. 😂 I do this to resell for profit or give them away. I never buy flash stuff.
This is a great message. Clothing is a difficult one for me because I have autoimmune health issues affecting my skin. Pretty much everything I wear in fall-winter-spring is layers and layers of expensive, pure cashmere. I even need to wear it to bed. Cashmere arm-warmers, cashmere skull cap, cashmere socks, etc. I also have $1000 handmade, therapeutic suede winter boots, for example. But… I don’t have any excess clothing in my closet - I wear what I own regularly. I don’t wear makeup, don’t dye my hair, don’t get my nails done. I cook and eat at home every day. I drive a used car, that’s paid off. I have always enjoyed living a modest lifestyle and it’s paying off now that I’m older - I can afford to look after my health with special clothing that helps me feel comfortable.
You hit the nail on the head. Look poor but ace card in head. I scrub up well , when I want to be and I am 58 and retired just before 55.Still got own head of hair and people say I look in my early 40's...Feeling good.😂
Excellent commentary. A couple points: (1) it seems a lot of people are also very worried about lavishing their kids with all kinds of stuff from nice cars when they turn 16 to expensive extracurricular activities (10s of thousands a year on travel sports, etc.) and expensive private schools. Another one that gets me is the real estate agents who will try to persuade young professionals (as I was) to buy as much house as they can possibly afford, telling them not to worry because their career is on the upswing and surely their income will increase significantly over the following 5 years. I turned that noise off and bought a house at age 38 that was probably half what I could have gotten had I been willing to get extended out. I was able to put 20% down, do a 15 year mortgage and ultimate paid it off about 5 years after purchase.
To be an outlier, you need to not care about how people think. Like Ramsay says, you live like no one else so later that you can live like no one else.
In my 20s, I wouldn't even leave the house unless I was wearing nice clothes - $50+ shirt, $100+ pants, etc. Then I just started buying cheap clothes from Target and what do you know, they work exactly the same as my overpriced crap. Gave all that stuff away and now I just wear plain clothes with no logos. No drip is the new drip.
I got lucky or unlucky in life with my stat. I’ve been fired from every job I ever worked at LOL. Now I’m 54 and thinking of retiring. Will think about it because I’m coming to terms that I’m in the last half of my life span. I think I’ll finish off by trying to get fired again. Anyways yes you save your money with a record like mine. I’ve never been unemployed. Always found another job fast.
As I got older and my kids became self sufficient, I began to cut down on spending on non-essential goods and services. Also reduce restaurants and cooked at home. The only thing I continue to do is have nice vacations but always look for deals. You need to enjoy life but not recklessly. And remember health is the most important.
Shop at outlets or discount stores that have good quality clothing, but not all shirts and shoes are made equally with same quality material. Sometimes you get what you pay for.
I have worked alongside many very wealthy people Almost without exception they just dress and act to blend in You walk by them on the street, sit beside them in a restaurant, you'll never know There is a decent chance that they vacation in places most of us could never even dream of
The flip side is saving too much, going through life denying yourself the things you would like, then retire with more than you can possibly spend AND you’ve conditioned yourself not to spend it. Some will say it’s a good problem to have, and that’s true, but you could have lived a more fulfilling life. That said, I bought used cars and drove them 10 years or more, lived in a nice but moderate home (downsized since), saved and invested prudently. At 60 I hit my number and pulled the plug, been living the good life ever since.
Lifestyle inflation is deadly to your wealth strategy. When you get the raise, don't change how you live. Put that money into the market, real estate or your own business.
yep. we earn 110k usd a year. we have zero mortgage or debts. 100k invested. 100k in savings. we drive a nissan leaf and toyota aygo. i haven't bought any clothes for 20 years. in fact my yearly outlay is just socks and underpants. i dont drink or smoke. live a basic life then you'll end up rich in time we retire in 4 years. THINGS only make you happy for a short while. nowadays we enjoy helping our sons. our 20 year old lad we bought him a brand new kia when he passed his test.
Il had one meeting like that these days. I did think what in the H did I do? Well anyway if you are not happy or firing me. You know something? I have enough to fall on my feet. So let's roll! Bring it on. You Uncle Scrooge. LOL
I totally agree about consumerism and not buying expensive cars or huge houses, etc but I think that there’s nothing wrong with dressing for success and feeling good about yourself. That’s not to say that it has to be expensive name brands or a large wardrobe. I buy a few nice shirts at places like TJ max and some inexpensive jeans and a pair of nice shoes. After getting some nice use out of them I will donate to the thrift store
Come on...cost cut, living within means...no one can go to Moon, Mars with such a 'mindset'!...😊 You look fit and still have a decade or more to contribute. Give your best!😎
The late great billionaire Charlie Munger once said “Who the hell needs a Rolex watch?” And his billionaire partner Warren Buffett said “ The world is not driven by greed. It’s driven by envy”. Having all that flashy stuff will not bring you happiness.
Comman Sense I went to funeral years back was a Paulbearer went to Moores and said no way one day black overcoat. Found at Value Village $20 bucks 2 buttons and dried cleaned everyone commented how nice it looked… not how much you make it how you spend it. Unless someone sponsoring me I make a coffee at home in my kuerig. I won’t pay for a coffee from Tim’s or McDonalds. $520 habit or more. People say it’s only couple bucks… Mind you McDonalds coffee is the old company around 100,years until they started doing their own roasting. Costco for me 100+ pods $34.99 to $39.99.
Yeah, but for some reason, it doesn't block one from being ragged on by others simply because you look like you are poor. For some reason not recklessly spending is frowned upon in this weird life I live for some reason. Suddenly everyone else has your best interest when they find out you have something, and you should spend all of your money. It's ridiculous.
You totally nailed it. Sady western culture drives expectations that we all indulge in frivolous spending. They day we figure out it does not matter what these other people think, the better off we will all be.
I have to say that acquisition of material things doesn’t motivate me much these days. Doesnt make me a more capable person. My big struggle is being capable enough at activities to be able to have friends and enjoy life. This is so bad for me that I don’t even spend money on self help programs because the return on investment from my past experience is so poor. My body and mind just dont learn and respond to the training like it should I guess. So I try to learn it on my own. Works just as well in my experience not that the results are great but at least I save money. I am 67 so I think I know my limitations now.
Most ppl I see dress poor. I buy my clothes at Walmart or temu. I don't waste time on what others think or do. My goal is to pay off my mortgage so I can retire.
Never buy stuff if it’s difficult financially. I’m trying to get my head around how you retired in your mid-50s. I’m the same age but feel I need to work longer to save more. How much do you have to retire early? Your wife is still working? I’ve got no debts, have $500k saved and our government pensions don’t get paid until age 67. I cannot see it’s possible where I need to spend $50k-$60k pa to pay the bills, travels, etc. What do you think is the approximate number someone may need to save to retire in their mid-50s (own home, no debts)?
@@retireeisme1020 When we were looking to buy a house (and thank God for my parents) we were looking at short sales and foreclosures. I always asked, "Why do they have to sell?" I quickly found out. I looked in the garage and around the house -- every kind of gadget known to people and very expensive toys.
Bad purchases I agree. My Grandparents were Tailors I dress well and do well. Ya I've made money because I show success. I am extremely frugal but I will always dress well. Don't look like a Bum
Bruh I can't get with the missing coffee container I'm too used to seeing that , I'm drinking my java along with you so please stick to the script hey my brother has this problem his place is filled with TV's on practically every wall every time he goes into the shopping center he sees something he's gotta get it's called impulse spending and he's got it bad but I'm frugal and all of my stuff is out of date I like it like that, peace bruh, please bring back the java...😊
It would be a good idea to get rid of your RV so you look poor and buy a tent!!!!! I will take your RV off your hands so you don’t have to bother with it any more!!!!!…All the best!!!!!
The truth is, this assumption is completely wrong, an experience such as travelling will make you happier on the long term than buying new material things.
![Summer Walker - Heart Of A Woman [Official Lyric Video]](http://i.ytimg.com/vi/SFddctbZzw8/mqdefault.jpg)
Your health IS your wealth. I work in a 22 bed ICU. I converse with distinguished men dying very old (fortunately), but also some well before old age 😢 Your spiritual health is your wealth.
Truth , Jesus is primary , health is secondary , wealth is last , god bless
💯Not only do you live longer but you have more healthy years to earn, retire, do what ever you want before you really do become too old and sick to do anything.
@@nightrod2237Spiritual health doesn’t require religion.
One of the best books I've read "The Millionaire Next Door" completely summarizes this concept of not living a flashy lifestyle. Sam Walton, the founder of Walmart lived this kind of humble life
I live way below my means look poor and drive a 20 year old Ford Escape. I do not want to attrack the wrong people into my life. At 57 feels great
@@ivobiancucci4528 I’m still driving an 85 Pontiac! 😅
Lol my wife laughs at me because I dress in workout shorts, tshirt or sweatshirt sometimes with holes. I don't give a shat what anyone thinks about me. Our vehicles are paid off and only worry about mortgage and standard bills. Young folks worry too much about shat that doesn't matter. As you said life is too short and there is NO one on this earth I need to please.
Young folks finance their new iPhone
I agree, also important to have a spouse that is on board with this. Not always the case.
Yep, inevitably a frugal person will end up married to a spendthrift. My wife has become much better in that regard, although she has always been a good bargain shopper.
Three and a half years ago I just finished paying off my car when the engine decided to have catastrophic engine damage at 75 MPH. Cost more to fix it than it was worth. Luckily I was working from home at the time. I saved up for ten months until I found something that worked for me. I found a 2003 Mercury Grand Marquis owned by an elderly couple. The car had less than 71k miles on it. Those cars can last a really long time. I snagged it and am* enjoying dirt cheap insurance and practically free annual registration. Best part is no car payments. No car payments are key to surviving & thriving in this crap economy & inflation.
Great buy and it’s so nice not having car payments. I am not sure how we even normalized car payments. If a person wants a $100,000 car the. They should have the cash.
After 50, our body is aging faster than the cars houses we own. We are perishable, and retirement really mean that our body needs to slow down and to have a good maintenance such as eat well, exercise..
True.
I have always lived below my means and invested and its made me the millionaire next door
I definitely agree with you. We drive 15-20 year-old cars and live comfortably but modestly. We have more money in retirement than people would expect I’m sure!
True living with one’s means is so important a d especially in retirement. It’s amazing how far money can go if you really stretch the spending and be more frugal. Most of us r joy our freedom allot
More than being a slave to the grind and having a new car.
I can totally relate to the self-confidence-at-work part. Having lived well below my means for years,
and finally paid out all loans (including the house) and made some savings aside. It is a totally
different ballgame and far more relaxed to have meetings with the boss. Oh and my wardrobe is 10 years+
old and my car is from 2006 :)
Haha now who gets the last laugh….cheers
True story: My cousin here in the US worked until 70 to get full retirement benefits. He and his wife are over 40K in debt trying to seem prosperous. He now was liver, kidney and bone cancer. So, work all your life and go into debt trying to keep up with the Jone's for what??? Great video topic.
Oh no, that’s rough. So sorry about your cousin but yes life is short and working that long is part of the issue I. General and getting into hock late in life is horrible too.
Good points. Made me chuckle because it reminded me of a conversation close to 40 years ago with a lady I knew. She knew I worked a lot of overtime, and she asked, "so, what do you do with all that overtime money, it's obvious you don't spend it on clothes !" I got a good laugh out of it.
I have in-laws that have tried to push my wife and I to spend more over the years. Always commenting on what our cars and house look like. We have resisted, explained our values, and are so much better off for it. Let the in-laws toil away maintaining their possessions only to realize they are too old and in too poor of health to do it any more. They are finally focusing more on what matters.
Yes that’s great that you prioritized your health and wellbeing along with your own financial goals over other peoples idea of what clauses should look like
I had the same in-laws who tried to make us feel inadequate, and to overconsume like their tribe does. In the end we had to distance ourself from them. It was the only way.
And some cultures think more like this than others.
I look poor too. Agree with your statement
A lot of young people, especially those that haven’t been of working age through the Great Recession, have no idea on bad things can really get. Times can get really bad and unfortunately most people leverage themselves thinking everything will be fine
Good video. Being honest with yourself about what is really important in life can help with lifestyle
So true!
Cool haircut.
Good points..
Im careful with what I buy after my income rose considerably but I still enjoy the things I enjoy… like fine cars, respectable quality clothing, the best grass fed beef I can get, and vacations. It is indeed easy to increase your spending as your income rises.
I agree 100%. I used to work in a Casino in Windsor and we knew all the wealthy gamblers because they were all dressed "poorly", jeans and a t-shirt. The "wannabees" were dressed to impress. Many people are too caught up with material things and dont think about the future.
100% correct take on building wealth! Another good one 🎉
My friends tell me I buy way too many things. What they don't realize is that I'm a bargain hunter. I never pay full price. I have the patience to wait years for something to come on sale.
For example, today I saw the clearance sale on the Flex 24v Fan. The regular price is $120. I've wanted one but not for $120. This morning, they went on sale for $29 each. I bought 4.😊 The four fans I bought today are equal to one fan from yesterday. 😂
I do this to resell for profit or give them away. I never buy flash stuff.
I'm sitting here in my ripped pj's. So I agree with your message. $$) Life is so dam good!
This is a great message. Clothing is a difficult one for me because I have autoimmune health issues affecting my skin. Pretty much everything I wear in fall-winter-spring is layers and layers of expensive, pure cashmere. I even need to wear it to bed. Cashmere arm-warmers, cashmere skull cap, cashmere socks, etc. I also have $1000 handmade, therapeutic suede winter boots, for example.
But… I don’t have any excess clothing in my closet - I wear what I own regularly. I don’t wear makeup, don’t dye my hair, don’t get my nails done. I cook and eat at home every day. I drive a used car, that’s paid off. I have always enjoyed living a modest lifestyle and it’s paying off now that I’m older - I can afford to look after my health with special clothing that helps me feel comfortable.
You hit the nail on the head. Look poor but ace card in head. I scrub up well , when I want to be and I am 58 and retired just before 55.Still got own head of hair and people say I look in my early 40's...Feeling good.😂
Excellent commentary. A couple points: (1) it seems a lot of people are also very worried about lavishing their kids with all kinds of stuff from nice cars when they turn 16 to expensive extracurricular activities (10s of thousands a year on travel sports, etc.) and expensive private schools. Another one that gets me is the real estate agents who will try to persuade young professionals (as I was) to buy as much house as they can possibly afford, telling them not to worry because their career is on the upswing and surely their income will increase significantly over the following 5 years. I turned that noise off and bought a house at age 38 that was probably half what I could have gotten had I been willing to get extended out. I was able to put 20% down, do a 15 year mortgage and ultimate paid it off about 5 years after purchase.
To be an outlier, you need to not care about how people think. Like Ramsay says, you live like no one else so later that you can live like no one else.
In my 20s, I wouldn't even leave the house unless I was wearing nice clothes - $50+ shirt, $100+ pants, etc. Then I just started buying cheap clothes from Target and what do you know, they work exactly the same as my overpriced crap. Gave all that stuff away and now I just wear plain clothes with no logos. No drip is the new drip.
I still have and use clothes that have at least 30 years. Maybe there is one thing that is missing. But overall it's perfect.
If it’s good then why not? I am not a fan of blowing money either
I got lucky or unlucky in life with my stat. I’ve been fired from every job I ever worked at LOL. Now I’m 54 and thinking of retiring. Will think about it because I’m coming to terms that I’m in the last half of my life span. I think I’ll finish off by trying to get fired again. Anyways yes you save your money with a record like mine. I’ve never been unemployed. Always found another job fast.
As I got older and my kids became self sufficient, I began to cut down on spending on non-essential goods and services. Also reduce restaurants and cooked at home. The only thing I continue to do is have nice vacations but always look for deals. You need to enjoy life but not recklessly. And remember health is the most important.
That margin is called FU money!
Haha yes indeed. Gotta love that money. It really has a way of reducing stress
I don't mind dressing poor but my wife does. The Costco jogging pants and shirts were the first to go as I wore them everywhere, even on dates LOL
A shirt is a shirt whether it costs $100.00 or $9.99. But your health is wealth. You wanna look rich? Be healthy. Go exercise and you will feel rich!
Ypu are so right, health outs you on top of the world
And, most clothing is all made in the same place. Marketers are good at "label making." Blessings.
Shop at outlets or discount stores that have good quality clothing, but not all shirts and shoes are made equally with same quality material. Sometimes you get what you pay for.
@@Navy35 Very true. Interestly enough, Consumer Reports did a study on shoes and found some of the "off names" performed better than the name brands.
I have worked alongside many very wealthy people
Almost without exception they just dress and act to blend in
You walk by them on the street, sit beside them in a restaurant, you'll never know
There is a decent chance that they vacation in places most of us could never even dream of
The flip side is saving too much, going through life denying yourself the things you would like, then retire with more than you can possibly spend AND you’ve conditioned yourself not to spend it. Some will say it’s a good problem to have, and that’s true, but you could have lived a more fulfilling life.
That said, I bought used cars and drove them 10 years or more, lived in a nice but moderate home (downsized since), saved and invested prudently. At 60 I hit my number and pulled the plug, been living the good life ever since.
Lifestyle inflation is deadly to your wealth strategy. When you get the raise, don't change how you live. Put that money into the market, real estate or your own business.
yep.
we earn 110k usd a year.
we have zero mortgage or debts.
100k invested.
100k in savings.
we drive a nissan leaf and toyota aygo.
i haven't bought any clothes for 20 years. in fact my yearly outlay is just socks and underpants. i dont drink or smoke.
live a basic life then you'll end up rich in time
we retire in 4 years. THINGS only make you happy for a short while. nowadays we enjoy helping our sons. our 20 year old lad we bought him a brand new kia when he passed his test.
Il had one meeting like that these days. I did think what in the H did I do? Well anyway if you are not happy or firing me. You know something? I have enough to fall on my feet. So let's roll! Bring it on. You Uncle Scrooge. LOL
That is awesome
Love you man you at least trying to help people 100 percent behind you great also on cars?!!
I don’t save and save and save to look poor. You don’t have to save to look poor.
I totally agree about consumerism and not buying expensive cars or huge houses, etc but I think that there’s nothing wrong with dressing for success and feeling good about yourself. That’s not to say that it has to be expensive name brands or a large wardrobe. I buy a few nice shirts at places like TJ max and some inexpensive jeans and a pair of nice shoes. After getting some nice use out of them I will donate to the thrift store
Come on...cost cut, living within means...no one can go to Moon, Mars with such a 'mindset'!...😊
You look fit and still have a decade or more to contribute. Give your best!😎
Yes! Thank you!
Be free and let your stats do the talking. 100% agree💪
The late great billionaire Charlie Munger once said “Who the hell needs a Rolex watch?” And his billionaire partner Warren Buffett said “ The world is not driven by greed. It’s driven by envy”. Having all that flashy stuff will not bring you happiness.
Great walk and talk. You should do more of these covering topics not car related.
Comman Sense I went to funeral years back was a Paulbearer went to Moores and said no way one day black overcoat. Found at Value Village $20 bucks 2 buttons and dried cleaned everyone commented how nice it looked… not how much you make it how you spend it. Unless someone sponsoring me I make a coffee at home in my kuerig. I won’t pay for a coffee from Tim’s or McDonalds. $520 habit or more. People say it’s only couple bucks… Mind you McDonalds coffee is the old company around 100,years until they started doing their own roasting. Costco for me 100+ pods $34.99 to $39.99.
When I Retired from the Rat-Race, I STOPPED buying things I Didnt need with $ I Didnt have, to Impress People I DIDN'T LIKE 😂
Living within your means. But I still find it hard to get another car, because I hate to spend but my wife is saying I have to.
Still should live within your means
Yeah, but for some reason, it doesn't block one from being ragged on by others simply because you look like you are poor. For some reason not recklessly spending is frowned upon in this weird life I live for some reason. Suddenly everyone else has your best interest when they find out you have something, and you should spend all of your money. It's ridiculous.
You totally nailed it. Sady western culture drives expectations that we all indulge in frivolous spending. They day we figure out it does not matter what these other people think, the better off we will all be.
I have to say that acquisition of material things doesn’t motivate me much these days. Doesnt make me a more capable person. My big struggle is being capable enough at activities to be able to have friends and enjoy life. This is so bad for me that I don’t even spend money on self help programs because the return on investment from my past experience is so poor. My body and mind just dont learn and respond to the training like it should I guess. So I try to learn it on my own. Works just as well in my experience not that the results are great but at least I save money. I am 67 so I think I know my limitations now.
Awesome. It seems like many things we thought were important when we young are no longer relevant
Lifestyle creep is real. The sooner people realize it, the better off they will be.
i buy brand names at TJmax lol
Sweet
Real freedom is being debt free.
Great video! Stuff does not mean wealth or happiness.
cool
Most ppl I see dress poor. I buy my clothes at Walmart or temu. I don't waste time on what others think or do. My goal is to pay off my mortgage so I can retire.
For me it’s not as much about looking poor versus not looking wealthy. I drive older VW’s and $8 t shirts from Walmart are just fine
Hello in summary "Keeping up with the Jones"!
Never buy stuff if it’s difficult financially. I’m trying to get my head around how you retired in your mid-50s. I’m the same age but feel I need to work longer to save more.
How much do you have to retire early? Your wife is still working? I’ve got no debts, have $500k saved and our government pensions don’t get paid until age 67. I cannot see it’s possible where I need to spend $50k-$60k pa to pay the bills, travels, etc.
What do you think is the approximate number someone may need to save to retire in their mid-50s (own home, no debts)?
Less is more
The older I get, the less stuff I want. The long term value of all stuff is almost zero.
people buying junk for no reason, then they wonder why they're broke.🤷♂
Thats so right
@@retireeisme1020 When we were looking to buy a house (and thank God for my parents) we were looking at short sales and foreclosures. I always asked, "Why do they have to sell?" I quickly found out. I looked in the garage and around the house -- every kind of gadget known to people and very expensive toys.
Bad purchases I agree. My Grandparents were Tailors I dress well and do well. Ya I've made money because I show success. I am extremely frugal but I will always dress well. Don't look like a Bum
Exactly. I have to please my wife as well
Bruh I can't get with the missing coffee container I'm too used to seeing that , I'm drinking my java along with you so please stick to the script hey my brother has this problem his place is filled with TV's on practically every wall every time he goes into the shopping center he sees something he's gotta get it's called impulse spending and he's got it bad but I'm frugal and all of my stuff is out of date I like it like that, peace bruh, please bring back the java...😊
It would be a good idea to get rid of your RV so you look poor and buy a tent!!!!! I will take your RV off your hands so you don’t have to bother with it any more!!!!!…All the best!!!!!
Great idea, haha, cheers
Yeah, well, buying experiences is no different than buying stuff. Its the same dopamine feedback cycle. Trading one for the other makes you no better.
The truth is, this assumption is completely wrong, an experience such as travelling will make you happier on the long term than buying new material things.
@@bobsmithers Same dopamine feedback cycle.
How about true Christian life with abundant financial blessings . Learn Bible how to make and spend money.
Yep, lots of rich religious charlatans
EMF exposure due to the proximity to the power lines. It's a cancer risk... move.
He buys a nice car but can’t dress
Haha cheers