Hey guys! Just wanted to let you know that my new book, Things That Matter, is finally here. I put my heart into it, and I can’t wait to share it with you. You can pick up a copy at www.penguinrandomhouse.com/books/676394/things-that-matter-by-joshua-becker/
#1: 0:39 Don't overspend on too much house, car, or entertainment #2: 1:40 At the start of marriage, live off of one income and save the other. #3: 2:33 Always buy your cars with cash. #4: 3:32 Set out a spending plan, not a budget plan, to figure out your monthly discretionary sum. #5: 4:16 Make one extra monthly mortgage payment each year to pay it off 4-5 years sooner. #6: 4:58 Never take a job just for the money. Factor in the money, but choose work that is more rewarding than the paycheck. #7: 5:45 You are never too poor to give.
I really want to urge people, especially those who are young, to live on the one income. Buy a house on the one in one. Being a stay-at-home mom doesn’t just benefit me or the kids. It benefits my marriage in ways I cannot even enumerate, the list is so long. It’s the best choice I ever made. This life is but w blink. You’ll never regret making a house a home, raising your kids, being fresh and vibrant for your spouse, and doing God’s Will through it all.
Very well said ,you can be very hardworking but it's perseverance and consistency that really breaks barriers. Being rich is very healthy unlike poverty there's no nobility in that
I know exactly how it feels to be rich 😌,there's this comfort that comes with it especially if you own multiple streams of incomes and consistently keep earning passively from all of them💲
I'm 100% into the financial markets and all my trades are being handled by a SEC licensed expert trader Noud Mikan, his ingeniousness and experience are the reasons I'll keep earning consistently from my investments, I'm earning around $14k weekly and that's from binary options and stocks alone. Even while in retirement I've successfully been able to grow a 5figure portfolio, I think the best insurance anyone can do for themselves is to own multiple streams of incomes because they tend to be very burgeoning and supportive, and I'm totally grateful to Noud for a profitable partnership.
Multiple streams of incomes are affirmatively the passage rite to financial freedom, people shouldn't totally depend on salary alone for wealth growing it isn't lucratively advisable.
I’ve stopped spending on clothes and just wear from what I have, I mix and match, it’s helped me stop spending, it’s such a waste to keep buying new clothes.
RealLife Money - Weekly Financial Videos It’s true and my friends think I have a huge wardrobe and when I show them they are very shocked and ask where are all your clothes, the thing is by mixing things up and changing accessories it looks like you have a lot of clothes 😉😊
I worked in an office with a dress code and still had a small wardrobe. I drew a chart of all the combinations I could make. I never buy anything that doesn't go with 3 other items. Tina
I’m a 54 single no kids woman living in Melbourne Australia. Just before I turned 30, I bought a brand new 25k Toyota Corolla for cash that I am still driving that has just clocked over 200,000 kilometres. She is still going....in the same month, I bought an old 100 yo house 4 kilometres from the cbd for $145,000. It was so run down but it was home. Paid it off before I turned 40 and I saved for 8 years 200k to renovate.....I had to borrow 250k to rebuild and extend the house. I am now 73k ahead in my mortgage and have a house worth 1.6 million. I’m a social worker by trade. I plan to down size and retire at 60 all going well. I will also inherit approximately 2 million in cash and property from my parents. I would rather have my darling mum back than the money. Brings security and choices but life is horrible without my mum.
Summary 1) too much house, too much car, too much entertainment 2) when you first get married live off of 1 income, the 2nd income save all the income 3) always buy cars with cash, save money monthly as you will pay but to yourself 4) every family should set out a spending plan; list monthly fix costs compared to monthly income 5) if you can make 1 extra monthly payment each year, you can pay it off 4-5 years earlier 6) never take a job just for the money, factor in the money 7) you are never too poor to give
Thanks for the summary. Number 2) could become a bad advice if it comes to an (ugly ->) divorce. The highlighted word is could. Doesn't have to be, but it certainly can happen.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
I did 2 jobs to get out of debt. Then I saved a bit of money after I got out of debt from the 2nd job. Now I only work one job, stay minimal and financially free
Yes! I find it so amazing that young & healthy people refuse to push themselves to get ahead. I understand if you have children not wanting to work a part time job in addition to your current one. But if you push yourself to get ahead now - it could completely change your life for the better later. I have a major health issue - I would give anything if I was healthy enough to work. Don’t waste time now, people!😎
I truly believe that that's a mentality thing. Over the course of 6 years i have borrow close to $12K from my sister and i have paid her back every cent. The funny thing is that we don't get along often but my rule is to never screw over family and friends over money. I also understand that others dont live by my rule thus people get screwed over.
@@TheFruitney I bought a car $1800 for my brother, registered it all expecting to get it back. Now I give only when I can expect to not be put in a pickle if I dont get it back
I put together my first ever emergency fund of cash at the age of 40, around February 2020. The timing was amazing because the world stopping working in March! I got laid off but had 2-3 months covered because of my first ever rainy day fund.
"Spending too much on home, car or entertainment" is what stood out the most to me. I must add, I thought you were going to say "food/consumables." However, some do dine for entertainment.
I knew all this at 15. Am I ahead of the game? 20 yrs later: No debt! Can splurge if I feel like it and my bank account never takes a hit. It helps if your paranoid about finances.
I am glad I no more go to parties. I mean I still go once a year to some crazy Hardstyle parties, but every weekend to the club... no more. Even if you drink free water, tickets, food, traveling it all adds up and sleepless nights... If I want to party, I just drop some beats using my earphones listening the same music and exersice a bit as well. For the cost of earphones... It works well!
Dear Joshua. This is the first time I've watched a video from you, and I want to thank you for your clarity and quality to transmit the vital message applicable for everyone in the life, if he most of the people should have followed this pieces of advice the USA bubble never happened and many other big problems also. congratulations for this video.
Joshua, I’ve been following your blog and your posts for years. What an amazingly beautiful job you are doing for so many people. I cannot call myself a 100% minimalist, but I am trying to keep my home as clutter free as possible. There is a less fortunate family who takes all my old sweaters, books, houseware and every other week I bring them the stuff I don’t use or no longer use. So many things were given away. Last week I gave them my old suitcase - I bought a new one during my travels. And they were so pleased to have this suitcase because they needed one and could not buy one. The other thing is that I do not own a car. At all. And I am happy without it - no need for a garage, parking, I walk over 10, 000 steps every day. My city is convenient for just walking and there is good public transport. I sometimes wish my city was car free.. but anyway, a lot of things I am doing were influenced by your articles and videos. Thank you and God Bless you. Greetings from your fan in Russia.
This is my favorite video I’ve ever viewed on your channel. So much wisdom packed into this short video. I have an eighteen year old who needs to hear this. Thank you for sharing!
I learned from a young age one important thing. Stop competing with other people. 2 . Thou shall not covet. Following those 2 will help you for the rest of your life
Good advice. One of the most helpful things for me was automating my financial life. Money comes out of my paycheck or accounts and I never see it. It just goes where I want it to go and does what I want it to do. I never even think about money. It's such a relief.
This is an invaluable and generous video. I really appreciate it. Is it a gender and age thing (I am a 53 year old white woman) - no one has ever offered me financial advice in my life, although I have provided for myself and my daughter for 30+ years. Of course I have sought it out, and happy to say it’s been given in abundance. Thank you for your work 😌
I look at how perfect he gray is in his hair 😆😆 my husband and I did the savings of my income and now I’m home w the baby, glad we saved while I was working!
Bro thank you so much. This is all great advice. I definitely learned something. I turned 25 about a week ago and this is great timing to hear this. Also, nice hair!
This is a great video - what powerful advice! I love that you tell who gave it to you- that is a great sign of your gratitude practice in action. Thank you so much!!!
Ha! My mom taught me the car tip (along with many other good tips). I try to teach it to others and they look at me like I'm nuts. Paid cash for a small new car when I was 19 ... Am 64 now. Make a car payment to yourself instead of letting someone else profit from you. As always, good advice Joshua.
That's a good practice, vehicles depreciate in value so much, even the minute you drive off the lot. A good used car will get you from point A to point B just as well as a fancy vehicle your struggling to make payments on each month.
I'm not married. And having seen what separation and divorce do to people financially (never mind psychologically), I'm content to keep it that way unless I meet someone very, very special. Apart from that, good advice that I either already follow or will take on board.
My husband and I have been married five years. We're not financial gurus by any means and we make a very modest income (i stay home with the kids.) But we've done every single of these. 🤓 While life can often seem like an uphill battle we are debt free (except for our home which we paid 20% down payment on two years ago), have one reliable vehicle we bought outright (after selling our previous less nice vehicle) and are staying the course. It's nice to see that these things small changes can lead somewhere really sweet and we're not crazy (because in this world it seems like we're more frequently the minority in our life choices.)
Hello, wish I new about the car tip before an I am now 52, but I will pass it on to my young adult children. I am sure they will benefit from it. I just started the journey of becoming a minimalist or at least try to have a lot less things that we really do not need, and enjoy life a lot more. Looking forward to listen and learning from you and others how to declutter my home and my life as well.Thank you and have an amazing New Year!
I just found your channel. You have a very nice kind way about you and you explain things Very clearly in and encouraging and respectful manner. Keep the great videos coming! Blessings from Boston.
I have owned a few vehicles over the years and have always bought a vehicle I could pay off asap - usually within 1 year or less. My goal is to purchase my next vehicle with cash $ !!
I regret buying a car on finance. My previous car I bought cash but it was costing me loads in repairs but you’re so right, it’s better to buy cars for cash 👍🏽
It sounds obvious, but every car will need some amount of maintenance. I try to choose a model that typically requires less than average and then find a used one that's been taken care of. There will always be repairs and maintenance, but a year of those has always totaled far less than a year of car payments for me.
This is one for my son he's just turned 16 and started his first job, I wish I'd had this advice when I was much younger but I suppose it's never too late,.
I'm 12 years old and back home visiting my grandparents for summer vacation. My grandfather and I are walking his dog one evening. He had gone through the Depression as a young man with a family. He stops and picks up a penny off the sidewalk. "Why, bother?" I ask. "It's just a penny." He replies, "A hundred of them make a dollar."
As always solid and super useful advice. Minimalism and financial independence go hand in hand in my opinion. I am so grateful to have discovered the concept of minimalism before my wife and I got our two children. Also it really helps to get advice from someone who also has kids, because it just changes everything.
Most important advice; Live below your means, Invest a good percentage of your money in something as lucrative as foreign exchange but of course be well informed about where you want to put your money. Made my first million this way earlier this year (through the help of a pro though). This purposeless admin has got nothing on me
📌 I don't know who, but someone actually needs to hear this, you've got to stop saving all your money. Venture into investing some, if you really want financial stability.
It's always so straightforward, yet not so easy to execute. And seems none of these are taught in our education systems. -Don't become house poor -Live off of one income -Cars are a waste of money, pay cash -Have a spending plan (I love the 50/30/20 rule here) -Make an extra mortgage payment each yr (Add 1 month payment / 12 to each payment) -Never take a job solely based on money -Always give back Thanks for the tips
AWESOME rules. I incorporate them all (I'm very conservative) and it's served me well over the years. I think if people followed your advice there'd be less unhappiness.
it depends on how you interpret it... budgets are more specific and have a set amount of money to save or spend.... Joshua's plan is more of a way of life, and suggestions about developing a different mindset about how, why you're spending; so you don't need a budget...
I’ve been driving an older Honda Accord (that I inherited and paid nothing for) for the past 15 years & just recently got rid of it. Never had a car payment with it, low insurance, no major maintenance issues….that was a steal as far as I’m concerned. And I sold it in the end and made a little $. My next car will likely be used, 1-3 years old. I’ve always felt that buying a new car is *usually* a bad idea.
That first rule is definitely where most people go wrong. If you have the fancy house, then the car needs to match the status symbol and so do the clothes and the vacations. I know that there are a lot of companies that let you pay for your holiday over 12-24 months with interested, if you can't afford to pay for it upfront don't do it! I also really like the second rule to live on just one income, it is a huge safety net if one of you loses their job. Great advice all round.
Solid gold advice Sir , my dad lived by these rules and passed them on to myself and my siblings , when I married my wife and I didn't have a holiday for two years , we paid our mortgage in twelve years and with the disposable income we have three foreign holidays a year. This method works !
This is so great! Thanks for sharing this awesome video! Trying to follow these great tips! Saving has always been my resolution every year! Thank you so much!
I would add the smaller place you have the less stuff you can put in it. Forced minimalism but it works 😀😁 I gave to my family for years, and word debt doesn't exist in my vocabulary, even though I make much less than others.
I believe Joshua is Talking about tithes and offering..its True and biblical when u give God and obey the word of God ,it comes back more in your life beyond u can never imagine
0:35 Overspending on house, car, and entertainment 1:20 Live on one income, save all other income sources 2:31 Buy your car in cash 3:21 Set out a Spending Plan 4:14 Pay off your mortgage early 4:57 Never take a job just for the money 5:38 Never too poor to give
#8: Live healthy so you don't hand all your money to the medical industry. #9: Always ask what medical procedures cost and what alternatives can be considered. Heart disease is actually reversible.
@@elizabethlibero1878 don't accuse me of lying on zero evidence. Of course I'm talking about America's number one cause of death, atherosclerosis in the coronary arteries. Plenty of documentation as far back as Ornish and ongoing now with more and more people getting out from under it. If you'd like information I can supply it to you.
This is the best financial video. Everyone should here this. Wish I knew this when I got married. We are house poor and car poor. Trying to figure out how to change this and live better the rest of our lives. Thank you for your videos and encouragement.
Melissa Lee I’m sure Joshua has videos of advice for helping you get out of your debt but if not I highly recommend Dave Ramsey.....it’s a strong approach and many aren’t willing to make the sacrifice, but it is proven his plan works !!! It’s really all about how bad you want out of debt or not 😘
Okay. Thank you for the advise. These are a very good and practicable imformations. Please, never stop to continue. I wish You, and your family a nice weekend. God bless You, and America. ! Keep cool. 👍👐👏👍
I'm here bc we've been over spending 😭😭 We just sold our home and sold and donated large items that we didn't like the look anymore that still served a purpose 😣😣 We're gonna do better. On the bright side, we're able to save all our profit since we have no consumer debt.
* Just came across your video by accident. You must be really a nice 👍 soul for sharing such solid advice to help others! This is something that can be used by anyone regardless of who and/or what ever background they come from. When you do good, you’ll receive good. By giving to others without any expectations, only seeking the pleasure of your Creator, it’s an expression of gratitude for being blessed in the first place 🥇. What’s to expect, He the Most Merciful will do?! The more you give, the more you will receive! You must have beautiful parents! If I may make a suggestion, on purchasing a home 🏠, try not to put it all on down payment. Instead leave it to be placed in principles only after the purchase which will build equity faster and if you need to move, you would have some equity. Thanks for the upload. I’ll share your video with my friends and family. Wish you the best, take care.
Great little video with great advice. Canadians are also not saving enough and have a lot of debt. The sad part is that they don't see how they can save more and so they don't. What will result is being close to retirement and realizing that you never saved enough.
We began living off one paycheck when we were engaged and were able to put $15,000 down on our home, pay for our wedding and for a week in Maui. When our first baby was born it paved the way for me to stay home and raise our kids. It works! We live within our means and are mortgage free before hitting 40. Joshua thank you for educating on these easy to implement financial strategies! I truly believe anyone can put them into action and see success in their future.
Hey guys! Just wanted to let you know that my new book, Things That Matter, is finally here. I put my heart into it, and I can’t wait to share it with you. You can pick up a copy at www.penguinrandomhouse.com/books/676394/things-that-matter-by-joshua-becker/
#1: 0:39 Don't overspend on too much house, car, or entertainment
#2: 1:40 At the start of marriage, live off of one income and save the other.
#3: 2:33 Always buy your cars with cash.
#4: 3:32 Set out a spending plan, not a budget plan, to figure out your monthly discretionary sum.
#5: 4:16 Make one extra monthly mortgage payment each year to pay it off 4-5 years sooner.
#6: 4:58 Never take a job just for the money. Factor in the money, but choose work that is more rewarding than the paycheck.
#7: 5:45 You are never too poor to give.
Thanks
thank you 🙏🏻
I appreciate
thought snacks Super helpful to see them consolidated Thanks.
thought snacks thanks girl👍🏼🙂
I really want to urge people, especially those who are young, to live on the one income. Buy a house on the one in one. Being a stay-at-home mom doesn’t just benefit me or the kids. It benefits my marriage in ways I cannot even enumerate, the list is so long. It’s the best choice I ever made.
This life is but w blink. You’ll never regret making a house a home, raising your kids, being fresh and vibrant for your spouse, and doing God’s Will through it all.
People confuse hardwork for perseverance, those two contrast
Very well said ,you can be very hardworking but it's perseverance and consistency that really breaks barriers. Being rich is very healthy unlike poverty there's no nobility in that
I know exactly how it feels to be rich 😌,there's this comfort that comes with it especially if you own multiple streams of incomes and consistently keep earning passively from all of them💲
I'm 100% into the financial markets and all my trades are being handled by a SEC licensed expert trader Noud Mikan, his ingeniousness and experience are the reasons I'll keep earning consistently from my investments, I'm earning around $14k weekly and that's from binary options and stocks alone. Even while in retirement I've successfully been able to grow a 5figure portfolio, I think the best insurance anyone can do for themselves is to own multiple streams of incomes because they tend to be very burgeoning and supportive, and I'm totally grateful to Noud for a profitable partnership.
Multiple streams of incomes are affirmatively the passage rite to financial freedom, people shouldn't totally depend on salary alone for wealth growing it isn't lucratively advisable.
You can get to Noud by easily searching his name on the web, then you can contact him from there on
I’ve stopped spending on clothes and just wear from what I have, I mix and match, it’s helped me stop spending, it’s such a waste to keep buying new clothes.
We can have so many outfits with the same amount of clothes we have, we can get creative! haha
RealLife Money - Weekly Financial Videos
It’s true and my friends think I have a huge wardrobe and when I show them they are very shocked and ask where are all your clothes, the thing is by mixing things up and changing accessories it looks like you have a lot of clothes 😉😊
@@starlightsky655 Capsule wardrobe c:
I worked in an office with a dress code and still had a small wardrobe. I drew a chart of all the combinations I could make. I never buy anything that doesn't go with
3 other items. Tina
@@alanbirkner1958 thats really good, that’s a reminder for me to stick to it 😉👍
I’m a 54 single no kids woman living in Melbourne Australia. Just before I turned 30, I bought a brand new 25k Toyota Corolla for cash that I am still driving that has just clocked over 200,000 kilometres. She is still going....in the same month, I bought an old 100 yo house 4 kilometres from the cbd for $145,000. It was so run down but it was home. Paid it off before I turned 40 and I saved for 8 years 200k to renovate.....I had to borrow 250k to rebuild and extend the house. I am now 73k ahead in my mortgage and have a house worth 1.6 million. I’m a social worker by trade. I plan to down size and retire at 60 all going well. I will also inherit approximately 2 million in cash and property from my parents. I would rather have my darling mum back than the money. Brings security and choices but life is horrible without my mum.
That’s is beautiful what you say that you rather have your mom instead of the money
Sorry for your loss, well done on progress so far.
Rita Smith ❤️
I love my mum as well!
yes, its only wen mom is gone one realises how precious, irreplaceable she is. 💟
Summary
1) too much house, too much car, too much entertainment
2) when you first get married live off of 1 income, the 2nd income save all the income
3) always buy cars with cash, save money monthly as you will pay but to yourself
4) every family should set out a spending plan; list monthly fix costs compared to monthly income
5) if you can make 1 extra monthly payment each year, you can pay it off 4-5 years earlier
6) never take a job just for the money, factor in the money
7) you are never too poor to give
Thanks for the summary.
Number 2) could become a bad advice if it comes to an (ugly ->) divorce. The highlighted word is could. Doesn't have to be, but it certainly can happen.
@@kevinzacharywalker7758
Save in a 2 account holder account
Incase if they divorce split in to two
Thanks for summary 😊
Back in the 1970s..everybody I knew did 2 and 3. Also dont buy a car you cant afford to maintain...ie mech.services.
@@rosalynne8792 Good one. That's the reason I bought the car I did when I needed a new one - cheaper to maintain.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@michealdouglas8206 That's very correct sir!!
And that is why most of them end up losing they money to scammers.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
A dollar spent is a dollar gone is how I remind myself to be intentional with my spending and a conscious consumer.
intentional spending... I like that
Such a thought provoking comment!! I believe a lot of people buy nowadays thinking of reselling something to justify spending so much.
I did 2 jobs to get out of debt. Then I saved a bit of money after I got out of debt from the 2nd job. Now I only work one job, stay minimal and financially free
Good decision making
So good!!
Yes! I find it so amazing that young & healthy people refuse to push themselves to get ahead. I understand if you have children not wanting to work a part time job in addition to your current one. But if you push yourself to get ahead now - it could completely change your life for the better later. I have a major health issue - I would give anything if I was healthy enough to work. Don’t waste time now, people!😎
He forgot number 8. Never loan money to family or friends that can't even pay their bills on time or at all. You will never be repaid from them.
I truly believe that that's a mentality thing. Over the course of 6 years i have borrow close to $12K from my sister and i have paid her back every cent. The funny thing is that we don't get along often but my rule is to never screw over family and friends over money.
I also understand that others dont live by my rule thus people get screwed over.
Never loan money to family and friends period. Especially if you want stay in a good relationship with them.
Boy did I fall into this trap🤦🏾♀️🤦🏾♀️🤦🏾♀️
@@nadiyaqt4219 So what. you live and your learn. how much did you loan and who did you loan it to?
@@TheFruitney I bought a car $1800 for my brother, registered it all expecting to get it back. Now I give only when I can expect to not be put in a pickle if I dont get it back
Also build a healthy emergency savings account so when things happen, there’s cash in the bank.
This is very, very, important. The pandemic shows how anything can happen & you will need the emergency fund to survive.
I put together my first ever emergency fund of cash at the age of 40, around February 2020. The timing was amazing because the world stopping working in March! I got laid off but had 2-3 months covered because of my first ever rainy day fund.
Also put some in your emergency preparedness bag
That was #2, saving one spouses income
"Spending too much on home, car or entertainment" is what stood out the most to me. I must add, I thought you were going to say "food/consumables." However, some do dine for entertainment.
Maria Perry this is my flaw! I like sushi and lattes 😆
I knew all this at 15. Am I ahead of the game? 20 yrs later: No debt!
Can splurge if I feel like it and my bank account never takes a hit.
It helps if your paranoid about finances.
WOW!! These are life changing advice. Thank you soo much and God Bless!
Amen on giving! God's economy is supernatural. Empty thyself for others and He shall fill our needs. Thank you for this, Pastor Joshua!
I am glad I no more go to parties. I mean I still go once a year to some crazy Hardstyle parties, but every weekend to the club... no more. Even if you drink free water, tickets, food, traveling it all adds up and sleepless nights... If I want to party, I just drop some beats using my earphones listening the same music and exersice a bit as well. For the cost of earphones... It works well!
Same here
Every one of these seven is a gem.
Dear Joshua. This is the first time I've watched a video from you, and I want to thank you for your clarity and quality to transmit the vital message applicable for everyone in the life, if he most of the people should have followed this pieces of advice the USA bubble never happened and many other big problems also. congratulations for this video.
Thank you very much .ive been struggling lately and your non-judgemental , matter of fact manner is much appreciated
Joshua, I’ve been following your blog and your posts for years. What an amazingly beautiful job you are doing for so many people. I cannot call myself a 100% minimalist, but I am trying to keep my home as clutter free as possible. There is a less fortunate family who takes all my old sweaters, books, houseware and every other week I bring them the stuff I don’t use or no longer use. So many things were given away. Last week I gave them my old suitcase - I bought a new one during my travels. And they were so pleased to have this suitcase because they needed one and could not buy one. The other thing is that I do not own a car. At all. And I am happy without it - no need for a garage, parking, I walk over 10, 000 steps every day. My city is convenient for just walking and there is good public transport. I sometimes wish my city was car free.. but anyway, a lot of things I am doing were influenced by your articles and videos. Thank you and God Bless you. Greetings from your fan in Russia.
We’re mortgage free in 2 years and my hubby only 45 yrs old xx we’ve been paying extra
Michelle that’s awesome!!!
Amazing
This is my favorite video I’ve ever viewed on your channel. So much wisdom packed into this short video. I have an eighteen year old who needs to hear this. Thank you for sharing!
These 7 financial advice tips are really brilliant. 👏 Thank you for sharing 👍
I learned from a young age one important thing. Stop competing with other people.
2 . Thou shall not covet.
Following those 2 will help you for the rest of your life
Dudecthis so ubderrated. I felt like the wirdo in the room, when i was the only one not desiring to compete
Great advice
Good advice. One of the most helpful things for me was automating my financial life. Money comes out of my paycheck or accounts and I never see it. It just goes where I want it to go and does what I want it to do. I never even think about money. It's such a relief.
Same here. Everything is done online, and I never think about money except to count it. but I think one must be fairly financially secure to do this.
Be sure to keep an eye on it, my car insurance just added a fee out of no where to my monthly payments for convenience of it being automatic!
Gina Stanyer
Automatic saving is great, before you know it there's this chunk of money sitting there.
I do this too - and I check my autopays every month. If a payment goes up, I phone the same day and ask why. I usually get it reduced immediately.
I bought my car cash. So awesome to do this! It took 5 years to save, denied a lot of extras, but so worth it. Loved point about giving.
This is an excellent video. This video should be shown to all students entering the real world after school.
This is an invaluable and generous video. I really appreciate it. Is it a gender and age thing (I am a 53 year old white woman) - no one has ever offered me financial advice in my life, although I have provided for myself and my daughter for 30+ years. Of course I have sought it out, and happy to say it’s been given in abundance. Thank you for your work 😌
It’s a good feeling driving my hoopty, knowing that I can use that money on living a good life over a flashy life.
Driving an expensive car just to make you look rich, why do I care to impress others?
Thank you. This valuable information should be taught at all high schools worldwide.
is it just me? I always end up looking to your hair instead of your face lol
sending this link to my bf!! we need this before living together lol
My Lady Inday Joker He does have fabulous hair.
Nope, it's not just you. His hair is always perfect!
Lol me too😁
I love his hair 😄
You got great advice at the right time your future looks amazing!
I look at how perfect he gray is in his hair 😆😆 my husband and I did the savings of my income and now I’m home w the baby, glad we saved while I was working!
Thank you, Joshua! I get so much wisdom from you, not only on minimalism, but in many areas of life!
Bro thank you so much. This is all great advice. I definitely learned something. I turned 25 about a week ago and this is great timing to hear this. Also, nice hair!
This is a great video - what powerful advice! I love that you tell who gave it to you- that is a great sign of your gratitude practice in action. Thank you so much!!!
Thanks for this video... I am currently in a lot of financial stress... this really opened my eyes
This was such a helpful video. Thank you so much for sharing. Definitely one I need to keep listening to over and over again.
Ha! My mom taught me the car tip (along with many other good tips). I try to teach it to others and they look at me like I'm nuts. Paid cash for a small new car when I was 19 ... Am 64 now. Make a car payment to yourself instead of letting someone else profit from you. As always, good advice Joshua.
An what do you drive today?
Brilliant advice!!!
That's a good practice, vehicles depreciate in value so much, even the minute you drive off the lot. A good used car will get you from point A to point B just as well as a fancy vehicle your struggling to make payments on each month.
I'm not married. And having seen what separation and divorce do to people financially (never mind psychologically), I'm content to keep it that way unless I meet someone very, very special.
Apart from that, good advice that I either already follow or will take on board.
Well Done Joshua - these are the best & easiest financial items you could speak on. - Keep on thinking & speaking - love them.
My husband and I have been married five years. We're not financial gurus by any means and we make a very modest income (i stay home with the kids.) But we've done every single of these. 🤓 While life can often seem like an uphill battle we are debt free (except for our home which we paid 20% down payment on two years ago), have one reliable vehicle we bought outright (after selling our previous less nice vehicle) and are staying the course.
It's nice to see that these things small changes can lead somewhere really sweet and we're not crazy (because in this world it seems like we're more frequently the minority in our life choices.)
Best summary I have ever seen. Thank you and God bless!!
No.9 is the best financial advise. I believe in that
Hello, wish I new about the car tip before an I am now 52, but I will pass it on to my young adult children. I am sure they will benefit from it. I just started the journey of becoming a minimalist or at least try to have a lot less things that we really do not need, and enjoy life a lot more. Looking forward to listen and learning from you and others how to declutter my home and my life as well.Thank you and have an amazing New Year!
I just found your channel. You have a very nice kind way about you and you explain things Very clearly in and encouraging and respectful manner. Keep the great videos coming! Blessings from Boston.
Drive the most modest car your ego can cope with ....
julie werner wow that’s so simple but so smart. Thank you.
Cant take credit for it but it makes so much common sense..
Haha, love this!
93 Ford Tempo. My ego got clobbered a long time ago and now I only care about point A to point B.
But also when it's parked outside your house theives can see your income status. They wont come for you that will look somwhere else 😅
Every single piece of advice you take to heart yourself, I can tell. Subbed because I sense integrity, and that's rare!
I have owned a few vehicles over the years and have always bought a vehicle I could pay off asap - usually within 1 year or less. My goal is to purchase my next vehicle with cash $ !!
OMG!!! Thank you so much! Im so grateful for your advice!! Love it!!
Great advice.
We got debtfree using Dave Ramsey's plan
I regret buying a car on finance. My previous car I bought cash but it was costing me loads in repairs but you’re so right, it’s better to buy cars for cash 👍🏽
It sounds obvious, but every car will need some amount of maintenance. I try to choose a model that typically requires less than average and then find a used one that's been taken care of. There will always be repairs and maintenance, but a year of those has always totaled far less than a year of car payments for me.
Yes, you are so on point👍🏼
This is one for my son he's just turned 16 and started his first job, I wish I'd had this advice when I was much younger but I suppose it's never too late,.
I've been following most of these ideas but eating out all the time was my biggest monthly expense. So thats the one I am working on to change. thanks
I'm 12 years old and back home visiting my grandparents for summer vacation. My grandfather and I are walking his dog one evening. He had gone through the Depression as a young man with a family. He stops and picks up a penny off the sidewalk. "Why, bother?" I ask. "It's just a penny." He replies, "A hundred of them make a dollar."
I love number 7, I wish everyone was on board with this
As always solid and super useful advice. Minimalism and financial independence go hand in hand in my opinion. I am so grateful to have discovered the concept of minimalism before my wife and I got our two children. Also it really helps to get advice from someone who also has kids, because it just changes everything.
Most important advice; Live below your means, Invest a good percentage of your money in something as lucrative as foreign exchange but of course be well informed about where you want to put your money. Made my first million this way earlier this year (through the help of a pro though). This purposeless admin has got nothing on me
Amazing approach. You mentioned something about an expert. Tried my hands on that, wasnt so successful Who's he? Sounds quite amazing
@@trishawallor A she actually "Nancy Lynn Lewis", she was in the news when she revived Grumac sometime in 2018. You can check her out online for more
@@chriswilliams2061 Wow I know this little lady,, Once attended a seminar she was also in attendance here in Texas,, Great speaker,,
@@Kortneylove-1 This right here is the second time I am coming across this name in a week. Came across her podcast and it was lit.
📌 I don't know who, but someone actually needs to hear this, you've got to stop saving all your money. Venture into investing some, if you really want financial stability.
It's always so straightforward, yet not so easy to execute. And seems none of these are taught in our education systems.
-Don't become house poor
-Live off of one income
-Cars are a waste of money, pay cash
-Have a spending plan
(I love the 50/30/20 rule here)
-Make an extra mortgage payment each yr
(Add 1 month payment / 12 to each payment)
-Never take a job solely based on money
-Always give back
Thanks for the tips
AWESOME rules. I incorporate them all (I'm very conservative) and it's served me well over the years. I think if people followed your advice there'd be less unhappiness.
Love this!!! You are truly a humble person with good advices thank you
The best is the last , always give !
We give 10% tithe of all our income. When we do this, God provides for us. Always.
Yes...he should of called it tithes, but mayb he doesn't want his audience to be offended about his religious views
His “spending plan” is very specifically the definition of a budget.
it depends on how you interpret it... budgets are more specific and have a set amount of money to save or spend.... Joshua's plan is more of a way of life, and suggestions about developing a different mindset about how, why you're spending; so you don't need a budget...
You’re tips are amazing thank you for sharing them.
I’ve been driving an older Honda Accord (that I inherited and paid nothing for) for the past 15 years & just recently got rid of it. Never had a car payment with it, low insurance, no major maintenance issues….that was a steal as far as I’m concerned. And I sold it in the end and made a little $. My next car will likely be used, 1-3 years old. I’ve always felt that buying a new car is *usually* a bad idea.
That first rule is definitely where most people go wrong. If you have the fancy house, then the car needs to match the status symbol and so do the clothes and the vacations. I know that there are a lot of companies that let you pay for your holiday over 12-24 months with interested, if you can't afford to pay for it upfront don't do it! I also really like the second rule to live on just one income, it is a huge safety net if one of you loses their job. Great advice all round.
Solid gold advice Sir , my dad lived by these rules and passed them on to myself and my siblings , when I married my wife and I didn't have a holiday for two years , we paid our mortgage in twelve years and with the disposable income we have three foreign holidays a year. This method works !
We paid off our second (15 year) mortgage in less than 8 years! We saved soooo much in interest 🥳
24/04/22 Brilliant advice Joshua. Thanks for keeping these videos on your channel.
And thank you for the encouraging words Sandra. I appreciate them very much.
This is so great! Thanks for sharing this awesome video!
Trying to follow these great tips! Saving has always been my resolution every year!
Thank you so much!
I would add the smaller place you have the less stuff you can put in it. Forced minimalism but it works 😀😁
I gave to my family for years, and word debt doesn't exist in my vocabulary, even though I make much less than others.
Magnificent advice, thank you Joshua.
I believe Joshua is Talking about tithes and offering..its True and biblical when u give God and obey the word of God ,it comes back more in your life beyond u can never imagine
0:35 Overspending on house, car, and entertainment
1:20 Live on one income, save all other income sources
2:31 Buy your car in cash
3:21 Set out a Spending Plan
4:14 Pay off your mortgage early
4:57 Never take a job just for the money
5:38 Never too poor to give
A budget is by far better than a spending plan. Other than that I love your videos and have learned so much valuable advice. Thank you so much.
#8: Live healthy so you don't hand all your money to the medical industry. #9: Always ask what medical procedures cost and what alternatives can be considered. Heart disease is actually reversible.
Extended fsting reverses my tumor too, and it's done so in merely 5 weeks!
Owe my life to Jason Fung for giving me this info 😊🙏
@@user-xq2fz5tz9t yes 5 weeks straight or interm fasting
It depends what kind of heart disease. No they are not all reversible. Don’t lie.
@@elizabethlibero1878 don't accuse me of lying on zero evidence. Of course I'm talking about America's number one cause of death, atherosclerosis in the coronary arteries. Plenty of documentation as far back as Ornish and ongoing now with more and more people getting out from under it. If you'd like information I can supply it to you.
@Ken Cheek Same!
Joshua, I am going to give these tips a try.
This guy spits nothing but the truth. If people followed this advice, they would be just fine!
Appreciate the kind words Rashad.
My pleasure.
These are financial nuggets of wisdom I have incorporated in my life. Thank you Joshua for the time you take in making these videos. ☺️
Outstanding video and advice!
Thank you for sharing.
All great pieces of advice. ❤️ Thank you.
My all time favorite blog post of yours that I have saved and reread occasionally. 👍🏻
Yay!
This is the best financial video. Everyone should here this. Wish I knew this when I got married. We are house poor and car poor. Trying to figure out how to change this and live better the rest of our lives. Thank you for your videos and encouragement.
Melissa Lee I’m sure Joshua has videos of advice for helping you get out of your debt but if not I highly recommend Dave Ramsey.....it’s a strong approach and many aren’t willing to make the sacrifice, but it is proven his plan works !!! It’s really all about how bad you want out of debt or not 😘
Thank you for taking the time to give some really great advice.
Great advice to live on one income. I did it already. I bought a second hand good car and changed to a new one again. Thanks for these advices.
So glad that I’ve found your channel. Thank you.
Okay. Thank you for the advise. These are a very good and practicable imformations. Please, never stop to continue. I wish You, and your family a nice weekend. God bless You, and America. ! Keep cool. 👍👐👏👍
I'm here bc we've been over spending 😭😭 We just sold our home and sold and donated large items that we didn't like the look anymore that still served a purpose 😣😣 We're gonna do better. On the bright side, we're able to save all our profit since we have no consumer debt.
Solid advice. Everyone needs to hear this.
In my next life I’m going to follow your advice. I’m 74 so probably too late this time around.
love your videos & advice! came at the right timing 😬
God Bless and Thank you!
* Just came across your video by accident. You must be really a nice 👍 soul for sharing such solid advice to help others!
This is something that can be used by anyone regardless of who and/or what ever background they come from.
When you do good, you’ll receive good.
By giving to others without any expectations, only seeking the pleasure of your Creator, it’s an expression of gratitude for being blessed in the first place 🥇.
What’s to expect, He the Most Merciful will do?! The more you give, the more you will receive!
You must have beautiful parents!
If I may make a suggestion, on purchasing a home 🏠, try not to put it all on down payment.
Instead leave it to be placed in principles only after the purchase which will build equity faster and if you need to move, you would have some equity.
Thanks for the upload. I’ll share your video with my friends and family. Wish you the best, take care.
Sir Thank You for sharing such precious advice for free😇🙏🏽🌷Stay Blessed🌺💫🙋🏽♀️
Thank you for you clear and calm advise without any over the top communication and Extrems:) will apply them:)
Great little video with great advice. Canadians are also not saving enough and have a lot of debt. The sad part is that they don't see how they can save more and so they don't. What will result is being close to retirement and realizing that you never saved enough.
Excluding number 2 and 7, this is great advice for those who don't know any better.
Thank you so much for you advices! God bless you😊
We began living off one paycheck when we were engaged and were able to put $15,000 down on our home, pay for our wedding and for a week in Maui. When our first baby was born it paved the way for me to stay home and raise our kids. It works! We live within our means and are mortgage free before hitting 40.
Joshua thank you for educating on these easy to implement financial strategies! I truly believe anyone can put them into action and see success in their future.
Do thank you. .
Good bless you..