How much we spend is the easiest part of our budget to control. It is much harder (if not impossible) to increase our income, so we need to, sometimes, feel miserable while living below what we "could" afford (irresponsibly) so we have security against problems like income loss. Having a frugal life isn't fun, but we might not have a choice until we reach a certain point. I was much happier when I spent my entire income, no doubt about it, but the lack of savings made me struggle when bad things happened in the past. Given the choice I'd not be frugal for sure. Sorry for being honest. So... It does not improve my life, but it gives me security. If I ever "make it" to a higher tier, I surely want to upgrade everything, starting by having a nicer house. That said, I don't want to go around burning money, I never did it, but I like to have people to do chores for me, I like to have a larger clean house where I don't bump into everything all the time and where I am unable to make a phone call without bothering my neighbors with my noise. It's ok, of course. I am not entitled to better, but I am working towards better. 🙂
No credit card debt, no mortgage, no vehicle payments. My husband's 24 year old truck is beat. We're pushing to make it last so we can buy him a newer one. This truck has close to 300,000 miles on it. The next one will not be brand new but it will be a newer truck with lower miles on it and we will be paying cash for it. We refuse to be buried in debt ever again.
I was reflecting on how capitalism is dependent on us spending money. That’s why these big cities are bombarded with restaurants and shops.On tiktok people are saying how it’s costing like $100-$500 to go out now. Now people are thinking that you have to have money to go outside. I went biking yesterday and I felt high afterwards. I was reminded that I can define what fun is to me. I absolutely love outdoor activities. I’m not doing it to avoid spending money, it just genuinely brings me more fulfillment. But I will say that outdoor activities are much more enticing because it’s free
That's absolutely correct 💯!!! And usually it brings on jealousy Because most people can't do it and be content... The average ( single person ) just don't want to sacrifice anything so they get flustered when they're in the company of a frugal person... 🙏@@KittyKat-vb1nd
I was always frugal in university/college. Saving money setting aside building up a buffer using whatever spare coins I had just developed into a good habit. Watching the pennies grow, it took mental discipline! Now I own my own property which I bought in my early 20s, mortgage free married, and have 2 kids
It took me 52 years to become a person using her brain 😂 and than it took me 7 years to pay off all my debt (€10,000) and to built a saving’s account with €5,000 on it 😅. I only have an income of €25,000 a year so it is also possible to live on a low income and safe money and still enjoy life. It is absolutely worth it to live frugal 😊.
Thank you for this video. Exactly what I needed. It came up the moment before I pressed „order“. So I just cancelled my amazon order. I don’t need that stuff 😊
I completely share your mindset Austin. I'm lucky to be a full time stay at home mom, and while I could work part time, or have a side hustle, we're realized it's not worth it - at least right now when my kids are young. The trade off by cooking meals at home, having simple days where we stay in a lot, is by far worth the extra stress of adding more income right now. When you have young kids you always have things you need to buy - there's no getting around it - but we chose to live as simply as we can and it's a much more peaceful existence.
I learned to love frugal living in my 40s and was able to retire at 60 and move to Mexico, where I can do basically whatever I want including travel, pursue art and start a non-profit for kids. Frugal living is THE key to financial freedom - I highly recommend it!
Living frugal never is a "sacrifice" to me; it's a action of power. Money no longer controls me; I can control it the best that I choose. Many expensive items I felt that I had to have, ultimately ended up being false expectations. Those items never changed who I was. I actually look forward to payday so I can budget my money:) I too graduated from college debt free! I worked on campus, didn't have a cell phone and took public transportation and graduated not owing a dime. I attended UCLA which has a high-cost living area where I still live thanks to frugal living;) I could afford a Tesla, but I choose not to spend money on one, my paid off Jeep is perfect for me
I still don't understand why education is so expensive in the US for even a simple Bachelor of Arts degree in English, so much so that they have to take loans. I think it's all part of the plan to keep people sending in debt. Where I live, even pursuing a Master of Arts degree in English is super cheap be it a government college or private.
I’ve come to believe that the primary ingredients to accepting the frugal life is contentment and gratitude. If you are satisfied with the things you already have and are grateful for them, you’re on your way to a better life.
The greatest wealth is the poverty of needs. I live a frugal life in Germany and love it. I don't spend more than €600 a month and that's passively covered by dividends. I have massively reduced my working hours, because time is the most valuable resource we all have.
@@carl-johannilsson5666 I live in an East German state capital in a 40sqm apartment with garage and parking space. Everything within walking distance. I have a cheap rent of 280€. I'm grateful for that.
Your voice is so calming! I currently have no debt. Trying to save my emergency fund, but I desperately need a new bathroom in my house. This costs so much! I don’t want to get a loan for this because like yu said debt is a terrible trap. I will save another few years and put up with it until I can pay cash.
I chose to live a frugal lifestyle pretty much since I first earned my first paycheck. I was like...I worked so hard for this..I need to keep some of it for myself!
I love thrifting for things I need. I dress comfortably and do not care about expensive clothes or shoes. ( obviously I buy new underwear and socks). But most days my whole outfit costs less than $20. Most of my jeans are Old Navy brand and I bought them used for less than $10
Very well said that frugality isn't a sacrifice but a trade. I'm been in the frugal path myself for many years now and it's become second nature. My frugal path mirrors other areas of my life, like food consumption. Denying myself eating excessive food is not a sacrifice, but rather a trade for a healthier body.
I was amazed at all the junk I had after getting rid of everything I did not need/use witch was 99% of what I had wish I can get all the money back I waisted on all that junk now I call things junk if not needed
Bravo Austin ! Even at a later life stage ( as I’ve said lol) you continue to positively impact my thinking about frugality with every video. Blessings 💕
@@ElAgustin yes from Uni to Agustina, but it was because my friend from Costa Rica suggested lol and I saw your video today and thought it would be a funny to tell you.. but it also does reminds me to stay frugal I watch all your videos lol
I needed your videos back when I was in my early twenties which is going on close to 30 years ago. But I’m now getting in that mindset. Great video!! ❤
Well Austin, you keep doing what you are & in years to come your beliefs will pay you dividends even more than you already think. It's always great to see someone of your age think as you do. You're a younger version of myself & I've always ran my life as you are. Your future 'complete' freedom awaits you, just as it has done me & way before retirement age.
No doubts , a good way of growing and saving your money is through investing . You don't need to have much before you can invest.That little money you have now can make you millions if you invest it wisely. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made😊
I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in.I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
Understanding the intricacies of investing is crucial. That's why it's important to have a reliable support system, such as a financial consultant, who can guide you, especially when it comes to selecting assets. Personally, I work with Regina Louise Collaro, an investment advisor who collaborates with a licensed wealth management firm. I must say that my financial journey has been exceptional under her guidance. Regina is widely recognized for her excellent services, so you may already be familiar with her. Thanks to her expertise, I have achieved financial stability and now earn a consistent monthly income through her passive income strategy.
That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
She is easy to find , you can make a quick research of her on the internet with her name Regina Louise Collaro and leave her a message. she works with anyone independent of their location.
Personally Maria, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does.
I totally have the same mindset as you do. thanks for your content. reinforces my feelings about my lifestyle and inspires me to keep going and find ways to take it further
Absolutely. Frugal living and being content with what you have is a super power to navigate this pretty dreadful economic time we are living through. If you can ditch spending when you don't NEED it, and know how to walk away from the wants, you are more likely to come through it unscathed.
Placing student loans in the category "bad financial decisions" sounds really strange, seen from my place in life. However I understand that this may be a very different thing in the U.S. Without this type of loan, I would probably have had serious problems making it through the student years. Low interest, a fantastic deal, really. When you start working, you are usually able to pay it off without any problems. -An interesting channel you have created. Important topics. I watch it quite often. Lars (Norway)
Another gr8 video. I Agree 💯 with all 6 points. I believe in Frugal living ( A life with intention) and also embracing minimalism. Being debt free is key understanding needs vs wants. 🙏🏻🙏🏻🙏🏻
That "Why I'm extremely frugal" video was really good. That was the video that convinced me to subscribe and watch all your other videos. And put me on the way of frugality. Thanks
Its amazing you ever break the eye contact with the camera, and the audience. So much to learn here besides the topic under discussion. I admire your thoughts a lot too. Wish to meet you someday.
Very true, A lot of people downplay the role of a financial planner until their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license-fiduciary advsors. Thankfully, I came across someone of practical knowledge, and decades of experience, I Liquidated 200k of 325k from my 401(k) it has yielded nearly 1 m after subsequent investments so far
@jenniferwilson-yz7rw Reading, research, patience and seeking guidance is the best way to approach or break into the market system. I have been inclined with LUCY ROSE CARTER.
Frugal Living and Minimalism will also allow you to have a HUGE ROOM FOR ERROR in case of a bad decision or accident which is a part of being a nonperfect human being in a crazy world. That's why I chose this path.
Frugality for me comes and goes. You only live once, why not enjoy it? I wouldn't want to look back at the end of my life and have a ton of regret of what I could've enjoyed and didn't. We all reach that stage someday, and I for one don't want a huge burden of regret at the end of my life Remember, a lifetime is way too long to sit around doing nothing and enjoying nothing. To be honest, it's kind of like jail without the sentence! I'm not saying to spend yourself broke, but know when to enjoy yourself and when to share
I gotta say its weird to get a great raise or bonus or coming across extra money but no longer getting excited because you realize you no longer have needs and wants to accomplish with this money...my younger self would hate my present self.....
I just bought a bidet and car parts for maintenance, I do my own repairs. I normally buy things that will save me money. I had debt for about 5 years, now I'm debt free, but it was stressful when I did have it. I definitely agree with frugal living, I'm a big fan of your videos!
Thanks for another great video. I discovered you about a month ago and binged watched all your videos. Your insight reinforces my belief. I especially like when you said Happiness is contentment.
As someone who is past 50, i can tell you money is never going to make you happy. Ive had money, and I have been low income, and it never made a difference in my level of happiness. The more money i made, the more i spent and then it became harder to be satisfied with just normal everyday experiences. Not having money actually made me more content with the things i did have.
That is absolutely true: the path is to get a college degree to get a good paying job to enjoy a nice house, nice car, etc. The path is not to get a college degree to live frugally.
Being frugal helped us pay off our home in less than 10 years with one income and now I can buy my dream countertops :) and plan on traveling more with our 4 kids. We make sacrifice so we can invest where it matters (security, memories, dream countertops ;))
i'm 43 yo. 2 months ago i made my first credit card. spent around 1000 dollars, and now i payied the debt and closed the card. i just couldn't live like that. i was so happy when i cut it with my scissors😂. never again.
Thank you for sharing. Financial education is vital these days and buy and hold strategies may not be effective. Fergus Waylen's course taught me a lot about trading and improved my finances. Using trade signals can produce competitive returns and stability. The timing of entries and entries helps the investor stay calm. I've made more money and seen positive results since I started!
We can all learn a thing or two from Fergus Waylen himself; his profit techniques are phenomenal. Thanks to him, I'm making more money and getting richer.
What impresses me most about waylen is that he does a great job of explaining the basic concepts of winning before he actually lets you use his trading signals. This goes a long way to ensuring winning trades!
You just learn to give the professors what they want and they'll give you A's!! I had to keep the GA Hope Scholarship, so I was obsessive of always getting A's!
@@ElAgustin I see. Still, though: It takes self-discipline, not to let any opportunity pass you by! Ben Franklin sums it up nicely in his Autobiography, where he writes, "Waste nothing." A notion which, in essence, lies at the heart of your lesson here. Much appreciated.
@@tinygreenpineapple right? My life is insanely busy and I do not have time to cook properly. I want to relax on my day off not stand in the kitchen all day
That video was the first of yours I ever watched and I been hooked ever since!! It has definitely changed my perspective on accumulating material things. Thank you.
Unless you spend your savings on assets you will get destroyed the same as people in debt if money hyperinflates, and if they lower these interest rates it really will hyper inflate. I am frugal but the goal was opposite as you. Mine was to get rich. I took no debt and I have so many properties. I used the compounding interest to re-invest. I make more than 500k without working. I chose to work though still but in a different way. But regardless. If you do not invest in an asset with your frugal money, and soon, you might as well took tons of debt. The result will be the same as them. If you were born 30-40 years sooner though it would be a different story, you could be frugal and not have invested and out performed your peers. But this time is unlike any. Lets pretend your house is paid off because you are frugal and you have 500k in the bank. 1 year goes by and utilities/food is up 250 percent in cost. 1 more year goes by and it is up an Additional 105,000 percent. (Seems crazy but actually this would be a very slow hyper inflation example) You'd be forced to sell your paid off house in no time. You'd be jobless and worried about where to live just the same as people who took debt. The only difference is it would happen to you 3-6 months later than everyone else. The only real way to guarentee freedom is with income generating assets (not the best way because long term contracts are involved and hyper inflation happens VERY quick) where you can adjust your income based on inflation at the time, or FARM land. Farming is by far the best asset to own if you think hyper inflation will happen because food is something all people need no matter what financial state the world is in, and you can adjust your prices by the day if you need to. Seriously the inflation happens so quickly it would be like this. Week 1: chick peas sell for 2.50 Week 2: Chick peas sell for 75.50 Week 3: Chick peas sell for 1750 Week 4 Chick peas sell for 60,000. Your saving would be gone in no time, your house would be sold in no time out of desperation. This is a good thing to be frugal but if you are continuously working a job you will get wrecked eventually. The average society lasts about 300 years. Every single red flag is way high in the air right now for the economy. You need some kind of income generating asset, there will be almost no jobs, your savings will get wrecked. trust me you should really buy a property in full so the bank can't margin call you.
Thanks to your videos I made the connection between minimalism and frugality. It was the missing piece for me between downsizing and looking at my spending habits.
My allowance was divided every week, %50 to a bank jar, %25 to a savings jar, and what was left over I could spend. Looking at money without spending it was very formative to a frugal lifestyle.
Your channel really connects with me. I’m frugal too for many of the same reasons. I make a modest income but I have managed to save $100k in savings, stocks, and investments. One of the difficult conversations I often have with people is when I mention that I’m actually happy that interest rates are high. To frugal people that save, it’s a benefit. Just the other day one of my GICs (basically the Canadian version of a CD, Certificate of Deposit) was up for renewal for another year. Basically I’m able to buy/renew a $20k guaranteed government bond for 6% interest. The upside of high interest rates that is never reported by the media is the upside. In addition to discouraging spending, high interest rates are supposed to incentivize savings. Both help reduce inflation, but the later is seldom mentioned but it’s one of the best benefits for frugal people like us.
Preach brother! All great habits for living a happy debt-free life. I would love to learn what early influences or experiences in your life that supported you to adopt the habits of living a more frugal lifestyle.
How is frugal living improving your life??
As one who is living on SS, I am frugal so that I can travel more.
sleeping better
I am done being frugal, i need more now..
How much we spend is the easiest part of our budget to control. It is much harder (if not impossible) to increase our income, so we need to, sometimes, feel miserable while living below what we "could" afford (irresponsibly) so we have security against problems like income loss. Having a frugal life isn't fun, but we might not have a choice until we reach a certain point. I was much happier when I spent my entire income, no doubt about it, but the lack of savings made me struggle when bad things happened in the past. Given the choice I'd not be frugal for sure. Sorry for being honest. So... It does not improve my life, but it gives me security. If I ever "make it" to a higher tier, I surely want to upgrade everything, starting by having a nicer house. That said, I don't want to go around burning money, I never did it, but I like to have people to do chores for me, I like to have a larger clean house where I don't bump into everything all the time and where I am unable to make a phone call without bothering my neighbors with my noise. It's ok, of course. I am not entitled to better, but I am working towards better. 🙂
I’m feeling safer, more secure, heading into retirement.
No credit card debt, no mortgage, no vehicle payments. My husband's 24 year old truck is beat. We're pushing to make it last so we can buy him a newer one. This truck has close to 300,000 miles on it. The next one will not be brand new but it will be a newer truck with lower miles on it and we will be paying cash for it. We refuse to be buried in debt ever again.
Smart move..👏🏾
👏
Every mechanical part is replaceable. Unless the cost to replace the parts is more than a newish car then why not just refurbish the car?
I was reflecting on how capitalism is dependent on us spending money. That’s why these big cities are bombarded with restaurants and shops.On tiktok people are saying how it’s costing like $100-$500 to go out now. Now people are thinking that you have to have money to go outside. I went biking yesterday and I felt high afterwards. I was reminded that I can define what fun is to me. I absolutely love outdoor activities. I’m not doing it to avoid spending money, it just genuinely brings me more fulfillment. But I will say that outdoor activities are much more enticing because it’s free
Agree - biking is the best!!
Being frugal and embracing minimalism has improved my life so much! Financial peace, no debt, and no clutter.
It declutters people as well. They see you are moving in a different direction. It takes away low vibration
That's absolutely correct 💯!!! And usually it brings on jealousy Because most people can't do it and be content... The average ( single person ) just don't want to sacrifice anything so they get flustered when they're in the company of a frugal person... 🙏@@KittyKat-vb1nd
I was always frugal in university/college. Saving money setting aside building up a buffer using whatever spare coins I had just developed into a good habit. Watching the pennies grow, it took mental discipline! Now I own my own property which I bought in my early 20s, mortgage free married, and have 2 kids
It took me 52 years to become a person using her brain 😂 and than it took me 7 years to pay off all my debt (€10,000) and to built a saving’s account with €5,000 on it 😅. I only have an income of €25,000 a year so it is also possible to live on a low income and safe money and still enjoy life. It is absolutely worth it to live frugal 😊.
Well done 👌👌
many don't knows the luxury of simple life
Thank you for this video. Exactly what I needed. It came up the moment before I pressed „order“. So I just cancelled my amazon order. I don’t need that stuff 😊
Your videos started me onto the frugality journey, and I feel at peace.
Bless you Austin!
I completely share your mindset Austin. I'm lucky to be a full time stay at home mom, and while I could work part time, or have a side hustle, we're realized it's not worth it - at least right now when my kids are young. The trade off by cooking meals at home, having simple days where we stay in a lot, is by far worth the extra stress of adding more income right now. When you have young kids you always have things you need to buy - there's no getting around it - but we chose to live as simply as we can and it's a much more peaceful existence.
You're amazing being a stay at home mom. You will see the benefits later in life
You are absolutely making the correct choice!!! Your family is the most important and your kids are truly blessed to have a SAHM!
Being frugal and debt free allowed me to retire!
You're a source of inspiration. Frugality has helped me to finally get out of debt, start saving and still get to do what makes me happy.
I learned to love frugal living in my 40s and was able to retire at 60 and move to Mexico, where I can do basically whatever I want including travel, pursue art and start a non-profit for kids. Frugal living is THE key to financial freedom - I highly recommend it!
Living frugal never is a "sacrifice" to me; it's a action of power. Money no longer controls me; I can control it the best that I choose. Many expensive items I felt that I had to have, ultimately ended up being false expectations. Those items never changed who I was. I actually look forward to payday so I can budget my money:) I too graduated from college debt free! I worked on campus, didn't have a cell phone and took public transportation and graduated not owing a dime. I attended UCLA which has a high-cost living area where I still live thanks to frugal living;) I could afford a Tesla, but I choose not to spend money on one, my paid off Jeep is perfect for me
I still don't understand why education is so expensive in the US for even a simple Bachelor of Arts degree in English, so much so that they have to take loans. I think it's all part of the plan to keep people sending in debt. Where I live, even pursuing a Master of Arts degree in English is super cheap be it a government college or private.
Just what America needs! A RUclips class in frugality.
I’ve come to believe that the primary ingredients to accepting the frugal life is contentment and gratitude. If you are satisfied with the things you already have and are grateful for them, you’re on your way to a better life.
The greatest wealth is the poverty of needs. I live a frugal life in Germany and love it. I don't spend more than €600 a month and that's passively covered by dividends. I have massively reduced my working hours, because time is the most valuable resource we all have.
600 euros a month! Now that's not much. Where and how do you live? In an apartment? Cheers from Schweden 😊
@@carl-johannilsson5666 I live in an East German state capital in a 40sqm apartment with garage and parking space. Everything within walking distance. I have a cheap rent of 280€. I'm grateful for that.
@@samhain_88 280eur, that's a good deal 😊
In New York City outer boroughs. Apartments average 1 bedroom $2,000 per month
@@georgecon1466 crazy
Your voice is so calming! I currently have no debt. Trying to save my emergency fund, but I desperately need a new bathroom in my house. This costs so much! I don’t want to get a loan for this because like yu said debt is a terrible trap. I will save another few years and put up with it until I can pay cash.
It wasn’t until I got older than I knew the difference between “frugal” and “cheap”. Thanks again for a slam dunk. 🧡 🐪
I chose to live a frugal lifestyle pretty much since I first earned my first paycheck. I was like...I worked so hard for this..I need to keep some of it for myself!
I love thrifting for things I need. I dress comfortably and do not care about expensive clothes or shoes. ( obviously I buy new underwear and socks). But most days my whole outfit costs less than $20. Most of my jeans are Old Navy brand and I bought them used for less than $10
Yes, resale is more fun and just rewarding, earn I pay full price, I feel like I Ave been robbed@😮
Very well said that frugality isn't a sacrifice but a trade. I'm been in the frugal path myself for many years now and it's become second nature. My frugal path mirrors other areas of my life, like food consumption. Denying myself eating excessive food is not a sacrifice, but rather a trade for a healthier body.
I was amazed at all the junk I had after getting rid of everything I did not need/use witch was 99% of what I had wish I can get all the money back I waisted on all that junk now I call things junk if not needed
Bravo Austin ! Even at a later life stage ( as I’ve said lol) you continue to positively impact my thinking about frugality with every video. Blessings 💕
I changed my Yorkie Uni to Agustina so I remember to stay frugal ❤😂
Haha! That's truly reinforcement.
You've changed your dog's name??
@@ElAgustin yes from Uni to Agustina, but it was because my friend from Costa Rica suggested lol
and I saw your video today and thought it would be a funny to tell you.. but it also does reminds me to stay frugal I watch all your videos lol
Wow. 63k subscribers. I found your channel when it had only a few thousand subscribers. Congratulations. Your content is motivating
Been growing a lot lately!
I needed your videos back when I was in my early twenties which is going on close to 30 years ago. But I’m now getting in that mindset. Great video!! ❤
It’s true, I wish I had these videos 30 years ago, but it’s better late than never 👍🏼
@@gurjitshinder9212 absolutely!!!
I agree with you. I really wish I had info like this before I started working.
Well Austin, you keep doing what you are & in years to come your beliefs will pay you dividends even more than you already think.
It's always great to see someone of your age think as you do. You're a younger version of myself & I've always ran my life as you are.
Your future 'complete' freedom awaits you, just as it has done me & way before retirement age.
Hello 👋
Frugal Lifestyle very important 😊
Work smarter...not harder.😊
No doubts , a good way of growing and saving your money is through investing . You don't need to have much before you can invest.That little money you have now can make you millions if you invest it wisely. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made😊
I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in.I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
Understanding the intricacies of investing is crucial. That's why it's important to have a reliable support system, such as a financial consultant, who can guide you, especially when it comes to selecting assets. Personally, I work with Regina Louise Collaro, an investment advisor who collaborates with a licensed wealth management firm. I must say that my financial journey has been exceptional under her guidance. Regina is widely recognized for her excellent services, so you may already be familiar with her. Thanks to her expertise, I have achieved financial stability and now earn a consistent monthly income through her passive income strategy.
That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
She is easy to find , you can make a quick research of her on the internet with her name Regina Louise Collaro and leave her a message. she works with anyone independent of their location.
Personally Maria, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does.
How you want to live. Cut scene showing you just kinda walking around outside. That gave me a chuckle.
Me trying to think of what to put in the cut scene, haha.
i saved 2,000 a month for 20 years at age 27 now i am 47 and i have 480,000 in my savings account plus 20,000 in paid off credit cards
What about the interest on your money?
This is my favorite video from your channel.
I totally have the same mindset as you do. thanks for your content. reinforces my feelings about my lifestyle and inspires me to keep going and find ways to take it further
Absolutely. Frugal living and being content with what you have is a super power to navigate this pretty dreadful economic time we are living through. If you can ditch spending when you don't NEED it, and know how to walk away from the wants, you are more likely to come through it unscathed.
Hi Austin, wise advice indeed. I wish I'd had access to your vlogs when I was young.
Muchas Gracias Agustin😊Thanks for the reminder that simplicity is the key to true happiness❤
I became frugal I just owe 500 bucks one last credit card from 14,000 thank you el Agustin
So nice
Bravo!!
Nice 😊😊😊
Awesome! Congrats!!! That's a big deal!
@@ElAgustin it was not easy now it’s time to attack my car loan thank you for all your videos ❤️
Placing student loans in the category "bad financial decisions" sounds really strange, seen from my place in life. However I understand that this may be a very different thing in the U.S. Without this type of loan, I would probably have had serious problems making it through the student years. Low interest, a fantastic deal, really. When you start working, you are usually able to pay it off without any problems.
-An interesting channel you have created. Important topics. I watch it quite often.
Lars (Norway)
Another gr8 video. I Agree 💯 with all 6 points. I believe in Frugal living ( A life with intention) and also embracing minimalism. Being debt free is key understanding needs vs wants. 🙏🏻🙏🏻🙏🏻
That "Why I'm extremely frugal" video was really good. That was the video that convinced me to subscribe and watch all your other videos. And put me on the way of frugality. Thanks
Love your thinking 🙌🙌🙌
Its amazing you ever break the eye contact with the camera, and the audience. So much to learn here besides the topic under discussion. I admire your thoughts a lot too. Wish to meet you someday.
Wish I had seen this in my twenties!!
Yes to living debt free.😁
@@Austin_Williams... hello 👋
Debt free is good but we need cash😅
I needed this, just saved me from buying a new guitar 😂Thank You !
Your content is so inspirational 👏 I wish I knew this in my twenties
Great video, lifestyle that involves adopting strategies that help you live a simpler, more sustainable life is what i want lol
I agree!!
Very true, A lot of people downplay the role of a financial planner until their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license-fiduciary advsors. Thankfully, I came across someone of practical knowledge, and decades of experience, I Liquidated 200k of 325k from my 401(k) it has yielded nearly 1 m after subsequent investments so far
@jenniferwilson-yz7rw Reading, research, patience and seeking guidance is the best way to approach or break into the market system. I have been inclined with LUCY ROSE CARTER.
As always 😁
Excellent video 👏
All the way love from East World 🌍
I appreciate it!!! Did you guys change the time an hour back yesterday?!
@@ElAgustin
No. It's same
Mr Williams I am from South Asia 🌏 " Pakistan"
Frugal Living and Minimalism will also allow you to have a HUGE ROOM FOR ERROR in case of a bad decision or accident which is a part of being a nonperfect human being in a crazy world. That's why I chose this path.
Frugality for me comes and goes. You only live once, why not enjoy it? I wouldn't want to look back at the end of my life and have a ton of regret of what I could've enjoyed and didn't. We all reach that stage someday, and I for one don't want a huge burden of regret at the end of my life
Remember, a lifetime is way too long to sit around doing nothing and enjoying nothing. To be honest, it's kind of like jail without the sentence! I'm not saying to spend yourself broke, but know when to enjoy yourself and when to share
I'm so much happier being organized and responsible financially. Awesome video, thank you Austin!
I gotta say its weird to get a great raise or bonus or coming across extra money but no longer getting excited because you realize you no longer have needs and wants to accomplish with this money...my younger self would hate my present self.....
We're the same age but I am just starting to learn to be frugal😅
I naturally live frugal lifestyle after reading the book “Zhuan Falun”. This video/summary is excellent, cheers🎉
I have become more frugal in my life- now I'm debt free and investing over 50% of my income so I can reach FI!
I just bought a bidet and car parts for maintenance, I do my own repairs. I normally buy things that will save me money. I had debt for about 5 years, now I'm debt free, but it was stressful when I did have it. I definitely agree with frugal living, I'm a big fan of your videos!
Thanks for another great video. I discovered you about a month ago and binged watched all your videos. Your insight reinforces my belief. I especially like when you said Happiness is contentment.
I love your videos Austin
Thanks for always watching and commenting!
When I get the itch to spend some money I pack some food and water get on my mountain bike and go for a long ride in the Forrest.
As someone who is past 50, i can tell you money is never going to make you happy. Ive had money, and I have been low income, and it never made a difference in my level of happiness. The more money i made, the more i spent and then it became harder to be satisfied with just normal everyday experiences. Not having money actually made me more content with the things i did have.
That is absolutely true: the path is to get a college degree to get a good paying job to enjoy a nice house, nice car, etc. The path is not to get a college degree to live frugally.
Plus it makes you well rounded!
Excellent video, you are an extremely motivational speaker.
Imagine if we only spent money on what we TRULY needed. I wonder how much less we'd be spending. Great video, as always!
Society would look different!
Home, food and toilet paper. ✅
living a simple life is not a sacrifice. Its an easier life.
Great video, thank you for sharing.
My dad was frugal my mother a consumerist, I am a mixture
Being frugal helped us pay off our home in less than 10 years with one income and now I can buy my dream countertops :) and plan on traveling more with our 4 kids. We make sacrifice so we can invest where it matters (security, memories, dream countertops ;))
Great job! I can see your followers are going up!
i'm 43 yo. 2 months ago i made my first credit card. spent around 1000 dollars, and now i payied the debt and closed the card. i just couldn't live like that. i was so happy when i cut it with my scissors😂. never again.
Great points, keep on going..🙂
I love your videos they helped me soo much
I'm glad!
Thank you for sharing. Financial education is vital these days and buy and hold strategies may not be effective. Fergus Waylen's course taught me a lot about trading and improved my finances. Using trade signals can produce competitive returns and stability. The timing of entries and entries helps the investor stay calm. I've made more money and seen positive results since I started!
We can all learn a thing or two from Fergus Waylen himself; his profit techniques are phenomenal. Thanks to him, I'm making more money and getting richer.
Even though the stock market looks bearish and market sentiment is low. But he keeps us grounded through his real analysis, the facts in the charts.
What impresses me most about waylen is that he does a great job of explaining the basic concepts of winning before he actually lets you use his trading signals. This goes a long way to ensuring winning trades!
Search his name
Fergus waylen
Buying nothing is not possible having a ton of money 💰 and never using it is like never having it at all what good 😊 is it.
...and despite not relying on any special comforts:
You still graduated college Summa Cum Laude...
A very intentionally-minded individual, indeed!
You just learn to give the professors what they want and they'll give you A's!! I had to keep the GA Hope Scholarship, so I was obsessive of always getting A's!
@@ElAgustin I see. Still, though: It takes self-discipline, not to let any opportunity pass you by!
Ben Franklin sums it up nicely in his Autobiography, where he writes, "Waste nothing." A notion which, in essence, lies at the heart of your lesson here. Much appreciated.
I’m having a super hard time giving up fast food. But I’m putting my overtime toward my Discover card, so that’s been great
Eating out was always my biggest non-essential expense 👍
@@tinygreenpineapple right? My life is insanely busy and I do not have time to cook properly. I want to relax on my day off not stand in the kitchen all day
@@fritharair fryer and oven
That video was the first of yours I ever watched and I been hooked ever since!! It has definitely changed my perspective on accumulating material things. Thank you.
Great video man 💯 confidence
People see it as a sacrifice but like you said.. its a worthwhile trade
Save now to live finacially free 👍
Im frugal but harder for my oldest to be frugal with adhd. They need many devices
Muchas gracias El Agustín!
Unless you spend your savings on assets you will get destroyed the same as people in debt if money hyperinflates, and if they lower these interest rates it really will hyper inflate. I am frugal but the goal was opposite as you. Mine was to get rich. I took no debt and I have so many properties. I used the compounding interest to re-invest. I make more than 500k without working. I chose to work though still but in a different way. But regardless. If you do not invest in an asset with your frugal money, and soon, you might as well took tons of debt. The result will be the same as them. If you were born 30-40 years sooner though it would be a different story, you could be frugal and not have invested and out performed your peers. But this time is unlike any. Lets pretend your house is paid off because you are frugal and you have 500k in the bank. 1 year goes by and utilities/food is up 250 percent in cost. 1 more year goes by and it is up an Additional 105,000 percent. (Seems crazy but actually this would be a very slow hyper inflation example) You'd be forced to sell your paid off house in no time. You'd be jobless and worried about where to live just the same as people who took debt. The only difference is it would happen to you 3-6 months later than everyone else. The only real way to guarentee freedom is with income generating assets (not the best way because long term contracts are involved and hyper inflation happens VERY quick) where you can adjust your income based on inflation at the time, or FARM land. Farming is by far the best asset to own if you think hyper inflation will happen because food is something all people need no matter what financial state the world is in, and you can adjust your prices by the day if you need to. Seriously the inflation happens so quickly it would be like this. Week 1: chick peas sell for 2.50 Week 2: Chick peas sell for 75.50 Week 3: Chick peas sell for 1750 Week 4 Chick peas sell for 60,000. Your saving would be gone in no time, your house would be sold in no time out of desperation. This is a good thing to be frugal but if you are continuously working a job you will get wrecked eventually. The average society lasts about 300 years. Every single red flag is way high in the air right now for the economy. You need some kind of income generating asset, there will be almost no jobs, your savings will get wrecked. trust me you should really buy a property in full so the bank can't margin call you.
Def needed to hear this today ✊🏾💯
You're absolutely right!
Excellent video! Money mom sent me.
Great advice…I’ve been living this way for two decades …it works…👍🏽👍🏽
Another video with a lot of great points. I'll definitely watch it again and again. 😊
Man speaking facts bro 👌🏾💯
Thanks to your videos I made the connection between minimalism and frugality. It was the missing piece for me between downsizing and looking at my spending habits.
Thx
Outstanding Austin!!
I owe nothing but my mortgage which will be paid off in 3 years on a 1.79% mortgage rate ...😂😂😂
My allowance was divided every week, %50 to a bank jar, %25 to a savings jar, and what was left over I could spend. Looking at money without spending it was very formative to a frugal lifestyle.
Very good vidéo..
Your channel really connects with me. I’m frugal too for many of the same reasons. I make a modest income but I have managed to save $100k in savings, stocks, and investments. One of the difficult conversations I often have with people is when I mention that I’m actually happy that interest rates are high. To frugal people that save, it’s a benefit. Just the other day one of my GICs (basically the Canadian version of a CD, Certificate of Deposit) was up for renewal for another year. Basically I’m able to buy/renew a $20k guaranteed government bond for 6% interest. The upside of high interest rates that is never reported by the media is the upside. In addition to discouraging spending, high interest rates are supposed to incentivize savings. Both help reduce inflation, but the later is seldom mentioned but it’s one of the best benefits for frugal people like us.
Were you still in Denver 10 months ago?
Preach brother! All great habits for living a happy debt-free life. I would love to learn what early influences or experiences in your life that supported you to adopt the habits of living a more frugal lifestyle.
Austin touches on this in some of his earlier videos 👍
Thanks@@tinygreenpineapple I'll check them out
Thank you
Pug's
Property taxes
Utilities
Groceries
No mortgage and having enough for this in unearned income and ASAP