Why Everyone SEEMS to Have More Money Than You
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- Опубліковано 26 чер 2024
- If it seems like everybody has more money than you, let me explain why it seems this way.
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Chapters
00:00 Start Here
01:04 Most ‘Rich’ People Are Severely In Debt
02:36 You’re Not Seeing The Trade Offs
04:08 You’re Not Seeing The Unfair Advantages That Led To Success
05:43 The Upward Comparison Trap
06:37 You’re Living Your Life Based On Someone Else’s Definition of Success
08:08 Wealth Grows The Most Towards The End
09:33 You Haven’t Defined Enough
Oftentimes when you look at your own financial situation and the financial situation of others, it seems like everyone is thriving while you're just doing okay. And although it seems this way, when it comes to monetary or material wealth, there are many factors that we don't talk about or don't recognize. In this video, I want to explain 7 reasons why it seems like everybody has more money than you and when you understand these reasons, you realize that you are not behind as you think you are.
1. Most ‘Rich’ People Are Severely In Debt
The reality of many people we think are "rich" because they have a bunch of nice material possessions is that they are not buying these things with their own money, but they are buying them with credit. Many "rich" people are just extremely irresponsible financially and buy things they don't need with money they don't have. A lie we are told about wealth is that it is a very visible thing; however, real wealth is invisible and often the people who look rich are not.
2. You’re Not Seeing The Trade Offs
Now, although many people who have nice things are in debt, some people who have nice things can actually afford them because they have an extremely high salary. However, there is a truth about high salary jobs that we often don't talk about and it is that there are many trade offs that come with a high salary like long hours, no work/life balance, and missing out on many things. Although we might get envious of people who have high salary jobs, if we saw the trade offs they were making, we probably would question if it was worth it.
3. You’re Not Seeing The Unfair Advantages That Led To Success
Les Brown once said, “Judge a person not by what they have accomplished, but what they had to overcome for their accomplishment.” The truth about life and success is that it is not a level playing field. Some people have more advantages in life and can achieve success quicker and easier than other people. When it seems like everyone has more money than you and is more successful, just know that we're all running different races and success is relative.
4. The Upward Comparison Trap
A huge reason why it seems that everyone has more money than you is because we often compare ourselves to people who are above us. We often compare ourselves to people who are at a different level in life and when we do that, we fail to see how far we have come and how much we have.
5. You’re Living Your Life Based On Someone Else’s Definition of Success
In the United States, we have a very set image of success that consists of status and possessions. Many people blindly pursue this image of success and are left unsatisfied when they don't achieve it; however, if we create our own definition of success instead of defaulting to this American image, we would most likely live much happier lives.
6. Wealth Grows The Most Towards The End
Younger generations often are critical towards older generations because they have more wealth and it seems like they had it easier. And although there is some truth to this, the reality of wealth is that the majority of it grows in the later years. Wealth compounds and grows in an exponential curve, but it doesn't grow quickly until late in the journey. Older people seem to have had it easier than you, but the truth is they have just had a lot more time to grow their wealth.
7. You Haven’t Defined Enough
When you really boil it down, the #1 reason it seems like everybody has more money than you is because you haven't defined enough. You haven't decided how much you need in life to be happy and when you haven't defined enough you end up focusing on what others have that you don't. When you haven't defined enough, you end up living a life of envy and jealousy. It is important to define enough, and once you do it, you will stop caring about what other people have.
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I have 0 debt, an emergency fund, and a growing portfolio. I don’t drive a fancy car or buy fancy clothes. Took me until my 30s to sort myself out but I’m finally on track
Congrats
Good for you bro
I live in 840 sq ft. I'm a teacher. I drive a Corolla. I'm 57. Believe me, at times I think I'm so far behind people who live in nice houses and drive nice cars. Who have more elaborate careers.
And then I remind myself, that I can live off of one paycheck so I can save the other. No one is destroying me financially. My career is solid. I will retire with a 30-year pension in 12 years. And I have family. So it isn't that bad.
Not bad, not bad at all! Congrats!
Wow teaching until you are 70 sounds awful. (I'm a teacher)
@@Emily3383 ikr
Corolla = stealth wealth
Right on.
I look poor on the outside but instead I have saved a lot of money. I like to see how people judge and treat me. It's intresting.
I can relate to this feeling lmao,
It's nice to be underestimated while, in fact, i'm in a better financial position
"The price of anything is the amount of life you exchange for it."
- Henry David Thoreau
If you can afford all of your needs, can fund some wants without breaking the bank or work like a slave, and can afford to spend quality time with your family, friends or self... Believe me, you're more than enough...
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Contentment is the secret to true happiness . Once you realize how to achieve that outlook you will no longer be burden with the expectation other have of wealth. Rather you will be able to find joy in your own unique circumstances.
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Retiring comfortably in the US these days is almost impossible. I honestly don't understand why people don't move to another country when they get older in retirement. It seems everybody has excuses for almost anything to not take action to better their situation.
I'm headed to Thailand or the Philippines in 4 years.
What country you moving too?
I have a sister in Sri Lanka, should be easy for me to settle in
I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
How can i reach her, if you don't mind me asking?
Henry David Thoreau - 'A man is rich in proportion to the number of things which he can afford to let alone.'
Hb b
I already know that I'm wealthier than four billion people.
Compared to the way most Americans lived only a hundred years ago, anyone today with air conditioning, a car, internet, and access to jet plane travel is living like a god. Comparison with others is tough to overcome but it helps to really sit down and figure out what TRULY makes you happy: it's probably not a second home or a faster computer (though who knows, maybe it is). Fact is we'll never know how much other people have in their bank account(s) without closely examining their financials. Let others do their thing and you do yours, that's what I say. Thought-provoking video as always, Austin!
Thanks!
I always say, I live better than Louis XIV!
@@sarahbannon4752 Let alone Caesar!
I have a neighbour, a wise old man, who looks dirt poor, but is a millionaire. When asked why he lives the way he lives, he politely replies, "Having money is a way of being free of money."
My monthly income is half or more than half of what most of my friends and acquaintances earn...yet, I have all my needs met and very, very few wants of which are simple wants as well. One advantage I have is more time...I'm retired. I use that time wisely! I can control my energy use, produce and cook all my meals, shop differently and more effectively. One thing that affects me in a detrimental manner is I'm not passing a grocery store daily on trips back and forth to work...but I also don't have the cost of daily work trips either AND I've adjusted my multiple shopping trips to be just once a month which works very well! A huge boon to me, is the fact that I still save $ and realistically there are months I am able to save more than I did when my income was much higher.
Nice 👍🏾
I just want enough money to not have to worry about paying rent and food. I don't think it's too much to ask for the guarantee of my basic needs met and a place to sleep every night. Most other stuff I enjoy in life are free (sitting by the river, morning walks, etc)
My home is small but it is paid off. Have 💰 saved. I feel blessed. Great Video :)
Back in the 1980s, the average home cost was 2x the average annual salary. Today, that cost is now closer to 10x the average salary. Pension was still offered by companies and being in the work force for multiple decades has shown me that company benefits have dwindled significantly over the years. The basic principles you laid out are still relevant in concept, but it is now requiring much more sacrifice today for someone starting fresh compared to 30-40 years ago.
My husband doesn’t believe me when I say that no one knows another person’s true finances! They look successful but could have a lot debt and no money
I have this conversation with a friend of mine periodically too. One of my early jobs was in a bank and let me tell you, it was a real eye opener! A lot of fakery going on.
Yep which is most of the middle classes now, they lease a lot
A Strawman
My focus is on myself. I don't care what other people have. My focus is on having a quality life for myself.
Some of my friends think I'm broke, when in fact, it's the opposite..😂
People assume I'm broke by my appearance. When I was younger it kind of bothered me. But as ai grow older I'm looking at it as an advantage.
Let me fix this for you: some of my friends think I'm broke, when in fact.,,, I don't even care what they think., I'm happy with them they're happy with me
Me Too.
@@chevofranco6085 I couldn't put it better myself!! Exactly.
Keep it that way!! Good idea!!
I think it's a common thing today that people pretend to have more money, goods and stable . There is a saying in Spanish: lujos vemos, deudas no sabemos- we see luxuries but we don't know the debts behind them. Saludos :)
constant regret (and not fixing it), envy and jealousy are one of the top reasons why people fail in life
Very true. When I was younger, you used to make those comparisons. Now those big houses and expensive cars don't attract me anymore. I'm just content with what I have accomplished and live with less doom & gloom.
Thank you for this! It really puts things in perspective. I have a great dislike for debt whereas some of my friends use debt to buy nice things and debt doesn’t bother them. They are great people but I just don’t choose to keep up. We still have fun together.
People think I'm broke because I wear simple jeans, a simple t shirt and normal sneakers with an old apple watch. I have the same cell phone and drive a honda civic, but honestly I feel SO relieved that people think I'm broke, since almost no one thinks about takes advantage and sees me for me. I have a lot more money than I even know what to do with, but I choose to invest and live frugally with my parents and feel satisfied with that. People who flaunt their wealth are typically insecure and the opposite of welathy. The wealthiest people I've met and work for, dress simply and are SUPER cheap. I've found true happiness around the people I love and wish everyone luck on their journey to financial freedom, cheers.
Austin we still have to remember that as you get older you may not be able to enjoy certain material things because you're a senior and have other needs that can make you happy. An expensive car as a senior may not mean a thing. 😮😮
I have 100,000 at 36 but I have nothing I been unemployed 1 year 😢 I lack balls and courage I have anxiety I can’t progress on life and I still live at home 😢 I’m a virgin and to top it off I have a 4 inch hard penis. 😢 not even handsome
I live in a small 2 bedroom house that's just over 700 square feet. My family thinks that I'm poor. Since I live in this house and drive a 2013 Honda Fit. While they live a "flashy" lifestyle of trying to keep up with the Joneses. I live a simple, frugal, and modest life. I only buy what I need and if something needs replaced. While they're retail shopping almost every weekend. After my groceries and bills are paid for each month. I save and invest the rest of my money. I keep around $500 in my checking. Just in case, something comes up or something happens. if they knew how much money that I actually have. They'd probably try to swindle me out of all of it.
I live in a modest 3 bedtoom 1600 sq ft home. It may not be much to someone else but I'm grateful for what I've been able to accomplish..and the best part, my mortgage is only $908 a month... I'll take that any day over some overpriced modern home
Good job, that’s awesome. You have everything you need and more💯❤️
@@UTP504 thanks! 😊
1600 sq ft isn't modest where I'm from. Well done
There is a reason why envy is a sin. And I believe its at the root of the majority of our problems in western culture. People need to stop worrying about other peoples lives. I'm so glad I often heard, "mind your own business!" as a child.
The timing of this video is insane. I was just talking about this with a family member. Super excited to watch.
Eyyyy!! Dina's still watching!!! Must be doing something right!
@@ElAgustin Absolutely! Always!
Families with "old money" (earned and inherited by a previous generation) often live humble lives, Paris Hilton notwithstanding. It is often the "new rich" that love to flaunt it often in crass ways (athletes, actors, music diva's, for example).
Hate to be an bummer here but, older people had a chance to save… I’m in my 60’s , in the last 4 years I have seen a LIFETIME of increases in costs…. No matter what others have, my kids will never have the lifestyle I had or my parents… We all got screwed royally. My biggest bill just became food.. What does that tell you. Eating healthy comes a big monthly bill.
The food manufacturers are killing us slowly with poisons in everything we eat.
I know this won't change your mind. I'm saying this for people who are on the fence about what you're saying. I speak up so that evil can be denied
Your words come from a wicked mindset. The worldview that says "there's not enough" is an evil worldview. It denies that God exists. It forgets that Jesus is our hope and he never leaves us. Choose what is right. Decide to see the light. Your life will have enough when you deny your sense of self importance and deny your reliance on your strength. Trust instead in the fruit of life - Jesus.
A lot of it was the historical reality of WW2 and the aftermath. Things are different now and it’s not all people’s fault
@@circle4962 This discussion is more about financial matters.
Exactly why you need to grow a garden, join a food co-op and barter and trade.
As we witness the current economic landscape, it's becoming increasingly clear that we're entering a recession. These times can pose significant financial challenges.
Indeed, Recessions have a way of affecting people's financial stability and investment portfolios in profound ways.
Speaking of financial stability, l've had the privilege of working closely with Eric Paul Elmer, a highly experienced financial advisor. His expertise has been pivotal in helping me navigate the complexities of economic downturns.
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"seems"
I look broke, I have 1000 months of living cost saved/invested. I don't have any pressure in life.
All true amigo!contentment comes not from great wealth but a few wants.
Taxes.....taxes...
People illegally crossed the US border, got a job, made lots of money and sent the cash to their own country, though never paid taxes. While we work to get heavily taxed on earnings.
Illegals plus Ukraine and Israel
At the end of the day, you have to setup realistic expectations for yourself. Unfortunately, the costs of everything have really prevented me from being able to buy my own home, but I'm still going to save up and hopefully I'll be able to buy a home when I am older.
I live 5 miles from a lake in western Ohio. There was a boat show last month that a friend went to. He reported that some dealers were offering 240 month loans. That's 20 years folks.
Bauz! Crazy!
😮
For a boat that can only be used 1/2 the year. Then you get to store it for 6 months.
Thank you for this! People I work with that make the same amount of money I do have huge houses and 2 cars and I think "wish I could have that" and this opened my eyes. I live in a 1200 sf house and have a 14 yo car but I'm not in debt. I have never looked behind the scenes and realized they are big time in debt. I don't envy them anymore thanks to you. Muchas gracias!
Excellent video, Austin! I am 66 and we have enough, but we worked hard and practice all of the positive things you describe in the video - I wish I could get through to my 31 year old son!!!!
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $8,000 and got my payout of $270,500 every months,God bless Christy Fiore 🇺🇸🇺🇸🇺🇸..
Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God
Thanks to my co-worker (Carson ) who suggested Ms Christy Fiore
After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.
She's a licensed broker here in the states🇺🇸 and finance advisor.
I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of UA-cam videos about it but I still find it hard to understand
Being content with what you have that will save you so much heartache
Our buddy Austin dropping truth bombs. 👍👍🚨
This video came at the right time. Just yesterday, I was really sad, because I feel like everyone else is doing better than me financially. Thanks.
The trade offs.... so true! I learnt to choose my hard after becoming a mom and opened my eyes to the importance of investing in my own labor.
Thanks Austin for this great reminder!
Thank you for your videos, my mom frequently watches them and it has been helping her to stay more on budget. For this particular video, I needed to hear this as a reminder that my time is the most valuable thing I have and that I need to be grateful for what I already have. Too often I get caught up in that comparison trap, which in turn is really a waste of my time. Thanks for helping to turn around my day's outlook.
Well, it's kind of true 😂...im in the low income bracket. But I don't worry because I don't need much and frugality is my best friend
Having time and being healthy is wealth.
I feel good one day. The next day, people at work are talking about some lavish vacation. I feel myself drawn to it. It is hard but it is fleeting. Then I see that I only have a house note and I am thrilled.
Wealth is the money you don’t spend!
Another great video chico!!! Thank You for all the information!!! Enough is enough!! 😊
your videos are really cozy and comforting
Thanks!
I don't worry about how others are doing unless I am in a position to help them. I don't know who said it, but compassion is a loss of joy. It is also worth saying we are all at different stages and have different ways to spend & save
Muy buen video Austin, Gracias 👍🏼
Never become House/Car Poor!! .. They might make those payments.. but they are not able to actually enjoy life.... My car is getting paid for by an external income that I no longer work for... Never buy these things with your earned income!.. Let your assets pay for your luxuries
🌟 Very nice discussion
I have subdivided my success as follows;
1) Relationship success
2) Financial success
3) Career success
4) Social success and likewise
👉 Failure is one shall not stop me enjoying success in other areas.
Cheers ✌
We are not the sum total of our possessions or money we have. The sooner you realize that, the better your life choices will be, and you will happily embrace ENOUGH when you reach it.
Needed this 👏 thank you for your content.
I heard a saying once,,,The measure of a man, is not by what he has ,but what he can do with out.
That's deep
I rather be naturally pretty and poor rather than rich with plastic surgery. 😂
Me too.
Not sure I totally agree with the first few points. It's frankly untrue, unfair, and unhealthy to believe that everyone who has nice things automatically have massive debt, or haven't worked hard for what they have. Don't make automatic walls against people who may be potentially great friends, good allies, or future companions. Get to know people and their story. Life is better that way. Even a shut in like myself can enjoy people in small doses 😅. And most steps ahead I have taken has been through relationships of past coworkers and neighbors. It's important to make bridges and not walls.
As to comparing with others, there is a healthy form of comparison, and it is important! Don't compare yourself with individuals, but do keep up with averages. I spent most of my 20s thinking I was doing well. I had no degree, but I was making slightly above the national average of $45k at the time... So why was life so damn hard? If I was above average on income, why couldn't I afford an average lifestyle? But I came across a statistic showing that in my area and age bracket the average income was closer to $75-85k... Trying to keep my head above water with kids, and a house, and massive amounts of debt making $50k when my peers were making $85k... Yeah, it actually was impossible. I'm 10 years older now, and for my area and age bracket the average is now $120k (household), while we are making closer to $100k. Still "behind", but close enough to average that life is far easier than it was 10 years ago. But without healthy comparison, and understanding what range is actually normal and realistic, then I would have beat my head against a wall until I gave up. But properly identifying our income problem helped me make the right moves to fix the real issue at hand.
That said, comparing to individuals... Yeah, don't do that. Everyone has their own struggles and advantages. The vast majority (80%+) of wealth is first generation. Not because they won't eventually inherit something... But people live a long time, and most people will not inherit anything until they are retired themselves, so they have to build their own lives for themselves even if they grew up richer than average. But even among the wealthy, most families are back down to average within 3 generations. It turns out that growing up wealthy does not offer the advantage you would think.
But the biggest issue with comparison is that it is a bad investment. We rarely compare to just one person. When one friend has a nice car, and another has a nice house, and another has an expensive hobby... You can't keep up with 100 different people all moving in 100 different directions. It is important to know what you value and enjoy. Spoil yourself on the things you actually like, and skimp on the extras for items that you don't enjoy as much. I'm not a car person, I buy old cars that aren't a literal hazard, and drive them into the ground. This saves me tons of money in the budget to spend more on stuff that I actually enjoy using and keeping up with. Nobody cares about my crappy old car, but when I get too far behind with tech and crafting, I get a bit annoyed. It's important to prioritize what you genuinely enjoy. Understand what you love, and focus on that. If you follow everyone else's dreams, then you never get to have yours.
💯 Facts.All that glitter ain't gold
There were so many points in your video that were super relevant (and not really spoken of). One point I’d like to make is that the company owner at a Financial Advisers firm I worked at he owned a nice BMW that was a few years old but had a private plate (good decision) but also that his son ended up becoming a fund manager which I was envy of. Now I see that although he worked hard, he always had a head start versus every else. Gracias señor ❤
What sucks is when you do an honest days work or work 2 jobs and you see women on only fans women making 6/7 figures a year
A lot of people just don’t try to save anything and live high on the hilt. I base my life on my base pay. I try to save as much as possible, live well within my means. Most people are just upgrade and shopping addicts, don’t forget the 3-5 vacations a year.
I grew up in a very affluent community. I assumed everyone was richer than me. That was _mostly_ true. But quite a lot are living in debt to maintain a lifestyle and one paycheck away from bankruptcy. Not too long ago an investment firm CEO in my town caught the southbound train at the front end because he'd mismanaged his finances to insane debt.
Gracias chico nice information thanks for share 😊
I checked a reddit thread to see what people in their 40s have invested and almost everyone said they had well over a million. I had to wonder what the heck I'm doing with my life. I'm nowhere near a million. One guy said he had $500K but that's because he was way behind and and had some other problems. If $500K at age 40 is behind then I'm screwed.
A lot of people are in debt really.
Most Ph.Ds I have worked with throughout the years are constantly frustrated and trying to prove themselves to people who really don't care about them. They rarely enjoy their off time and are constantly stressed out. I never reached that level because I value my freedom. Many of them look at me with jealousy when I leave for my two hour lunch every day or my long vacations that I budgeted for. I work smart not harder. What many overpaid employees do in a week, I accomplish in one or two days which gives me the freedom for other activities.
I’d agree with a lot of this. Feel like the more money you earn, the less you care about it and the more unhappy you get week in week out.
Thank you for this 🔥 great video
“So many people spend their lives chasing money and end up as the richest men in the cemetery. I don’t want to be like that.” H Ross Perot
Great perspective! Something that is good food for thought too. Would you rather have that car and no savings...and when you are elderly having to make the choice as to whether or not you can afford food or medication.
My definition of success is getting my Spanish to Austin’s level.
Thank you so much for your very informative video. You are certainly a very sensible young man.🙏🙏💋
Come on Austin, you didn't have to put the black man at the back of the starting line. Some of us have great advantages as well. 😬 A gentleman exclaimed that I had more than him and he was a white man. I have a doctorate in Space Law and he had a high school diploma and was a truck driver. It should have came as no surprise to him that I had more. I invested more in myself than he did.
Understanding the psychology of money is as important as understanding money.
Great video. I live on one paycheck and put away the other. Totally content. Don't worry how or what anyone else has.
Loved the video!
Hello 👋
Excellent 👌 video 📸👏 as Always
People do not say on their death bed “ I wished I spent more time at work “…
Yeah, not taking a day off in your 20s seems miserable. Such an important decade too.
@@ElAgustin All work and no play makes Jack a dull boy, comes to mind. Great vid..👍🏽👍🏽
Last month I set a record my spending was 2k and 300 was gifts to the poor so really my overchead was 1700,00 that is a record for me retired 6 months now!! Life is real good ,, peace in Jesus keep that bible open...
I have 100,000 at 36 but I have nothing I been unemployed 1 year 😢 I lack balls and courage I have anxiety I can’t progress on life and I still live at home 😢 I’m a virgin and to top it off I have a 4 inch hard penis. 😢 not even handsome
If it truly doesn't matter to you what others who are supposedly rich "have", then the thought that you are falling behind and the feeling you are somehow living in lack would never occur to you. Coveting what you see that someone else has is actually sinful. Comparing yourself to others who have more can only lead to self depreciation of your true worth. It is bad for your self esteem. What has someone else's wealth got to do with you? Nothing! So who cares! Bill Gates could be my next door neighbor and I wouldn't have any other thought about him than anyone else. His wealth doesn't have anything to do with me!
Cell phones and cell phone bills and internet and cable dish… we didn’t have any of those expenses when I got married 30 years ago 😢
I'm grateful for everything I have and put a higher value on financial independence over status. It just seems so obvious to me but everyone around me is oblivious to this.
Shout out from Brampton ontario Canada 🇨🇦🇯🇲
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her
I’d much rather look poor and actually be rich than look rich and be drowning in debt.
Bro those illustrations are hilarious! ❤
We don’t call these types of people, the fake rich for nothing.
Life is hard enough as it is . Don’t get yourself it to debt and make it more difficult for yourself .
Perfect time
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
I can buy all my needs, most of my wants, and even save and invest. Further increase in salary only gives me a luxury or "finer" versions of what I already have and can buy. Is it worth it to spend 2x more time working for that? Probably not.
You have to find little things that make you excited. I've been on cloud nine all week because of my new kitchen backsplash. The cost was $200 to be happy for a whole week. My family has over $900k and yet it's something like a little bit of kitchen tile that makes us happy. Compare that to the people living paycheck to paycheck who buy brand-new BMWs and it's never enough for them and they're always stressed and miserable.
If you’re going to bus to get at your job or your career do it in your 20s. So that by the time you get into your 30s etc. you don’t have to do that anymore.
I just subscribe wise words
Ive been stressing and feeling bad cause im comparing my income with people from america because of all these videos... my gross yearly salary before tax is roughly about 45k (about 22k after tax) seeing these videos ans numbers on saving from american channels just makes me feel like im unable to save anything, but if i compare to people in my country, im earning way more than the average. Instead of being happy with what i have, i chose to feel like shit by comparing myself to loans from a country with higher income average and lower taxes. (Tax in my country is about 50%... yes the highest tax rate in the world 🇧🇪 ❤)
I have no debt I live offgrid frugal minimalist I invest my money in business and real estate
I just want security but even that's hard to acquire nowadays.
Austin I just wish my full time salary was enough to live in my own place like you do, instead of a house share. But rent or mortgage for an apartment (or house?) like yours is higher than my full-time salary. Feel free to correct me if you do do live in a house share.