Why I'm Extremely FRUGAL
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- Опубліковано 4 чер 2024
- WHY am I so frugal and am I WASTING my life by being extremely frugal? This video reveals 7 POWERFUL REASONS why FRUGALITY is the SECRET to WEALTH & FREEDOM. I'm also sharing why I love saving money and practicing frugal living, the hard lessons about personal finance that have changed my life, and how frugality fits into our simple life as a minimalist. Watch now and break free from the cycle of spending!
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⏱️ Timestamps:
00:00 - Intro
01:05 - Focus on What Matters
01:32 - Memory Dividends
02:36 - Car Financing Interest Rate
03:11 - Not Giving Away Your Peace
04:08 - Avoiding the Eternal Cubicle Routine
04:45 - Value Your Money as a Trade of Your Time
06:00 - Break the Debt Cycle
08:38 - Simple Wealth Accumulation Path
08:57 - Living Simply, Loving Deeply
09:43 - Cheap vs Frugal
11:31 - Make Life Decisions Instead of Money Ones
12:30 - Stop Overcomplicating a Simple Life
13:36 - Conclusion
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🙋♂️QUESTION OR FEEDBACK - Have a question or any feedback about the video/channel? Drop it in the comments!
📧 GET IN TOUCH: I'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please then send me an email at ciro@magnetprofit.com. I always try my best to reply to everyone in a timely manner.
PS: I am not a Financial Advisor, any investment commentary is my opinion only.
PPS: Some of the links in this description are affiliate links that I get a kickback from 😜
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I hope you enjoyed the video... Do you have any Frugal Habit you would like to share?
I started trimming down car expenses. Nowadays, I always carpool to work
@@JohnMonroe1 Nice John!
I do not use aircon or heating at home.
@@daveo9844 thanks for sharing. heating/cooling is definitely the heaviest on the utility bill.
@@CiroFinance Going to use that money saved on holidays 😁
It is important to have peace of mind to live well and prepare for the future. A good way is also to save money.
Well said!!! Thanks for the comment.
Definitely eye-opening, I think we're always hustling and bustling in the city but we don't take time to invest in experiences.
Couldn't agree more! Thanks for sharing
Hello Ciro, a friend recommended your videos. Very good.
Glad you liked it. Thank you both for dropping by and watching the video.
New subscriber. You will go far.
Thanks for subscribing and for the kind words!
Great info 👍🏼
Glad it was helpful!
Great explanations!!! thank's. I subscribed
Happy to hear you subscribed and enjoyed the content
Great video
Glad you enjoyed it Brandon
Love the concept of this video.
Thanks Emma
My question is if you could choose, would you like to have more time or more money? Joke 🙂
Time is Money 🧐.
But if I had to give an answer. Money is abundant (around $80 Trillion is out there), but time only flows one way and you can't buy more no matter how much money you have. My answer would always be time. Most people think they are seeking money, but what most of us truly seek is Freedom to do what we want with the time we have left. Saving, investing, and creating income streams are key to reaching that.
Great vídeo!!!!! 👏👏👏
Thanks for watching
You got a Sub. Great vid.
Thanks for subscribing Mike.
Thank you for bringing us this information 👏
Thanks for watching!
very good thank you
Thanks for watching
I'm enjoying your videos, perfect 👏👏
Thanks for the feedback
Great information! Newly subscribed
Glad you liked it! And thanks for subscribing
Nice video
Glad you enjoyed it
The painting on the wall comes and goes, but the summer holiday stays forever. New wisdom that is upside down wisdom.
Words of wisdom Juvoll. Nothing beats the summer holidays
@@CiroFinance It was sarcasm. Maybe blow you money on a 3 star michelin meal, then in 5 years, when you are hungry, you can think about the best tomato sauce you ever had.
@@JuvoII I enjoyed the video. I feel like even a 3 Star Michelin Meal is expensive nowadays. Eating out every other day is fine, but every day will drive you broke.
@@MikeRossMR You Nailed it Mike
I try to make conscious choices to save and spend wisely, so I'm not only protecting my finances, but also cultivating valuable habits that can lead to long-term prosperity. Great video.
Love that! Thanks for sharing
Perfect, I think frugality can be aligned with your personal values and priorities.
Thanks for the comment Patterson
The world of finance is one of humanity's greatest challenges. 🫡
That's true Francisco. There is a lot of information out there leading people to act in different ways. On top of that, a lot of the Finance Concepts and Wealth Vehicles we follow today were invented not long ago in comparison with other fields like engineering or medicine that started many thousands of years ago. I hope this channel helps close this challenge gap. There is much more coming up down the road. Thanks for the comment
A fundamental step towards achieving financial freedom is being able to save money and adopt frugal habits.
Great comment Owen. Thanks for watching
The pursuit of an enriching journey is about saving money and adopting frugality, leading to a more intentional and fulfilling lifestyle.
Well said Adam! Thanks for the comment
Great information, it’s all about balance - finding ways to cut unnecessary expenses without sacrificing your quality of life.
That's right! Thanks for the comment
hadje sheeeptar toulah
Sorry I don't understand, but thanks for commenting nonetheless
Saving money and practicing frugal living can indeed lead to financial freedom and a simpler, more fulfilling life.
You got it Hayes. Thanks
It's great that you're sharing your experiences and the lessons you've learned about personal finance. You have helped me a lot, thank you.
Glad to hear it is being helpful! Thanks Dylan.
I will be another follower. Great video.
Thanks for joining the community Handerson
Always this talk about experiences being for life. Nobody talks about how happy I am when I return home, wanting to kiss the ground like the pope, how many times I feel unwell and restless and just want to go home, and how you can experience anything now through youtube without paying for it and without having to put up with the bad things which are part of that experience, no pain, no fear, no sweating, no insects, no realizing it wasnt worth the money, no getting sick or injured or having to put up with criminals threatening your life or just those who ask double the price from you and so on. Sure, all adventures I can talk about, but I never do and I never think back now even to my best experience and still feel the happiness. What if said experiences are nothing but a fast high for some? Why do I need to jump out of a plane and have my mouth wobble and my heart beating at the clear risk to my life when feeling the water on my skin when swimming in a pool makes me very happy? Oh! Adrenaline junkey! And adrenaline works like a drug. Thanks, no! You do it, I watch you do it!
Thanks for sharing another perspective, Beatrix. The internet and UA-cam can definitely give you a glimpse of different experiences and I get it that maybe things haven't worked out perfectly for you on your trips or that enjoyment is subjective.
However, I am not asking anyone to jump off an airplane. My point is that watching something online can never fully replicate the immersive experience of being there yourself.
You'll never truly experience the vast expanse and beauty of the Grand Canyon from your couch, eating popcorn in front of the TV. Similarly, a 4K video on your tablet can't replicate the feeling of standing amidst the breathtaking scenery of Banff National Park, surrounded by rugged mountains, crystal-clear lakes, and abundant wildlife.
These are just a few examples. There's so much more to explore in Europe, South America, Africa, Asia... With good planning, paying attention to your surroundings and ideally traveling with a group, I'm pretty sure you'll find much more joy in your trips. This is just my perspective, of course. In the end, you are holding the steering wheel of your life and the decision where the car goes or how much joy you find in the trip is yours.
Very good and didactic content.
Thanks for the feedback Sarah
You need to improve your english accent…you’re speaking brazinglish. When it comes to content, nothing to complain 👌😂
Thanks for the feedback. I didn't know I had a strong accent. Sorry for that.
I am glad you liked the content though. It will get even better overtime.
That is very rude at least he speaks more language. I bet if you go to Japan you would also have an accent speak JAPANESE that is if you actually take your time learning to spaek a new language.
@@CiroFinanceHaters are going to hate. I am habke to undesirable you at least you can managed to spake more then one language. This clown rigjt here he ònly speaks American English .
@@purpleflowers92 thanks for watching and for the comment
I love the accent and the content. Subscribed :)
Great video
Thanks John