I've been living frugally my whole life. I'm doing a training program that is going to offer me a reasonably higher paying job in the medical field...not a doctor, a billing specialist. My husband will retire shortly thereafter and run his own business, and my check will cover our medical care. I spend $14.99 on my Amazon subscription. I really don't buy much from Amazon. I pay $55 for my BJ's membership which saves me so much more than than the membership. I continue to reduce clutter in my home. I have a peephole in my front door and a muscle bound dog to protect myself. My goal is to be debt free, and we are doing very well with that. People already pack basic life skills. I'm doing my own taxes. I made our peanut butter eggs as well as our dinner. We rarely go out to eat. I like to save myself. I'm done.
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.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
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.
My CFA ’Gertrude Margaret Quinto’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
It's the whole movement, downsizing, decluttering, minimalising, tiny homes, vanlife,... They're getting us used to our money not going as far as it used to.
@@theurbanthirdhomestead people have been living frugally and minimally by choice for hundreds, probably thousands of years. This is not new it's just that with the advent of social media people have become aware of it. My parents are 87 & 89, they've been frugal minimalists their whole lives and it's not because they have to, they are multi-millionaires, it's because they see no point in wasting money to buy things they don't need.
@@Michelle_Emm I was thinking the same thing, people who were alive during manifest destiny couldn’t have owned much. They were focused on living, I’m sure they had small cabin homes just as there were mansions.
@@Michelle_Emm The kind of frugality your parents enjoyed is way different then "frugality" our generation will have to go through. They certainly had confort and good quality basic stuff while we are going to face precarity.
There is a limit to this. You have to decide whether being cheap to yourself is worth the quality of life it yields. I had an aunt who had money but lived the ‘frugal’ life. She was ridiculously cheap and lived in a tiny apartment in a New York ghetto. That apartment was robbed so many times, but she refused to move because the rent was low. Her cheapness ruined her marriage and alienated her kids, and even when she got older and had to retire she became chronically I’ll, but she refused to spend money even on maintaining her own health. being ‘basic’ and depriving oneself of things that one needs won’t automatically create happiness.
Re: ownership, I view maintenance as a pro, not a con. It teaches us how our things work, their true value and an appreciation for their source, and how to fix and treasure things despite their being old and worn.
This was a really insightful video. Another thing that greatly concerns me is all the affordable housing slowly being bought up by corporations to rent back to people at extortionist-level rents. Young people starting out will no longer be able to purchase a starter home, nor will they be able to rent a decent apartment at a reasonable rate that lets them save money to purchase property in the future. All housing will become subscription based.
Your concerns are spot on! This is the real monster in the room. There are more people in our cities than there are beds. Property ownership has gone from being something even the poor could take for granted, to being something the middle class dream of.
What is more concerning is Section 8. Most people have no clue about this, or how big it is. I am a landlord, I know. The government harasses me mercilessly about signing up for it since I am the only one in my county who won't sign up.
If you choose the intentional path the 95% of other people who choose the unintentional path will hate you and try to destroy you because you make them “feel” bad.
Sometimes I think I am the only person happy without a car, a house, a dishwasher, a lot of whatever. So watching your videos make me feel „normal“ again 😊
Me to, Retired and yes We do own a home and car but beyond that pretty minimal with are stuff..no dishwasher, no TV cable, no netflix subscript or any other subscripts of any kind the list goes on. Our acquaintances /family/friends think of us as odd or poor..but hey we don't care plus were loaded😊 Thanks for sharing ...we feel " normal" now👍
Though everyone loves the luxury lifestyle but many don't want to take the risk to invest or work for it.. Now's the best time to buy the dip and it's an opportunity that will grant you all the luxury you crave for. Very interesting content, i would also be glad if anyone here can explain a few things for me, this is 2023 and I believe it's my time to invest and shine for a better future.
I think the one thing most investors miss when calculating intrinsic value, is that they look solely at the history to estimate growth in the future. The growth rate is very important, it arguably should take the most time in valuation. The past 10 years could be unusually good/bad due to acquisitions/dispositions affecting financials. Look to the future and make your best judgements.
There is one thing I have learned in recent months it is to remain calm, especially when it comes to investment in Stock. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
You are right but the market is profitable if you are using a really good broker or account manager to help out with trades or provide signals. Having monitored my portfolio performance which has made a jaw dropping $870k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
This is huge Josh! Think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "Colleen Janie Towe" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her. Most likely, her deets can be found on the net, so you can confirm yourself.
This is something I’ve seen coming for a while. My goal is to simplify and not rely on all the conveniences. Mostly because I’m want to know exactly what I’m doing and putting forth. I cook my own food (including lunches for work). I know exactly what I am eating AND saving money. I love learning new skills… for the shear joy of being able to do it myself. Yes, we embrace paying for convenience but I actually enjoy doing things for myself.
Cooking is fun and creative! Also takes your mine off of worries, better to cook than to scroll. Funny how there are several hours to waste on phones, but no time to cook 🤣
I could see this happening years ago when cars started to be built that made it difficult to be able to see around the car without the onboard cameras. The "blind spot" got way bigger and made it necessary to rely on proximity sensors to not run into anything. Self reliance - get an old car or motorcycle and learn everything about keeping it going.
I've never had a car with a back up camera, or even bluetooth for that matter. I've never loaded music onto my phone? I line dry my clothes. I don't use A/C or any other cooling in the summer months. The more you rely on things to make your life easier, the more you whine when you don't have it.
Yes, and the way they keep making the engines more and more complex so that people are unable to fix their own cars, which just a couple of decades ago was a huge hobby for millions of young guys and a source of companionship.
Or have modern crash safety standards led to longer and wider cars with thicker pillars, bigger bumpers, smaller mirrors, etc, which necessitated the sensors and cameras? I think that is more likely.
Luckily, I started doing this intentional approach to daily decisions, frugality and simplicity 20 years ago, which has resulted in my financial ability to retire soon. I live in a condo in a tech heavy large city. Younger neighbors stare and smile when they see me lugging in large grocery bags from the store on my own. I smile back and know I'm remaining as self-sufficient as possible and getting exercise at the same time while they eat out or order from Uber Eats for each meal. However, real self-sufficiency would be living like my grandparents did, on a farm, raising the food myself. If they were still alive, they could teach me a great deal about self-sufficiency.
The first thing you can do to save thousands a year is to make your lunch to take to work instead of buying it. This is probably the biggest low hanging fruit to saving $$$
I love that! Nobody is coming to save us from ourselves. Not god or some knight in shining armor. We are here to find great purpose in living intentionally and by being of service to the greater good of all living beings.
I'm definitely a minimalist, own my own house, and grow my own food (but in the suburbs, not middle of nowhere). However, I do enjoy technology and I'm definitely intentionally embracing that. Personally, I don't want to own all the movies or video games I play. I buy only the ones I will replay/re-watch/re-read. Convenience may sound bad on a mass scale, but it has allowed the elderly and disabled to live a more independent life. When I'm old or disabled, I'd prefer to be able to get deliveries instead of being dependent on volunteers or the good (but fickle) nature of others. It's not all bad, black and white. You don't have to go from one extreme to the next. You can live intentionally, learn skills of independence, etc., without cutting yourself from all convenience and technology. I can grow my own food, but I still enjoy a pizza delivery now and then.
@@veziculorile I think that's great for normal climates. I live in the depth of hell in the summer (which also lasts like 5 months). The upside is a good growing season. The downside is I don't want to walk to my mailbox, let alone a store around the corner.
@@KC-ku9dq you'll get used to it if you try. Japan and Korea are very humid in the sunmer and they walk all over the place. You are just bringing excuses like an American will do these days to justify the old and unsustainable ways.
@@veziculorile I'm not American. I don't live in the kind of suburbs with no stores. My main point was that convenience has made it so that the handicapped and the elderly can be independent. It's hard for elderly and handicapped to walk even half a mile in high heat. Also, try not to assume that everyone who writes in English is American.
@@ElAgustin Hi Austin, definitely agree! I am looking forward to returning to work this summer when my maternity leave finishes. Just to sit on a train to work for 30minutes and read in peace and quiet is exciting already. I have a 4 year old and a 9month old baby so I am constantly on the go and exhausted. Thank goodness for books!
Do you have freedom when you are scared you may have to cook for yourself? Do you have freedom when the thought of walking the animal you chose to own is daunting? Do you have freedom when you must spend weeks, months, or years, strategizing how to move to a new place to live? Do you have freedom when you must stare into the black mirror to not face yourself?
I am in my 60's and you are spot on. My parents generation grew their own food, built their own homes and never had a mortgage. Now everyone is dependent on credit.
I'm a "Boomer" who has lived on lower wages, most of my life, I've only had a dozen years where I made a livable wage. I have had to manage doing things for myself and family out of necessity. I see a lot of the things that you described are already happening.
I used to be in charge of the world, or thought I was, but I had to stop. I realized I had answers to most dilemmas, but nobody cares, they do what they want. So, I turned in my "ruler over all" badge and no longer give advice on anything. It is so liberating and freeing that I no longer feel the need to control everything. I don't have to accumulate stuff, I don't have to impress anyone, and I truly don't care too much about whether someone is impressed with me or likes me. I do me now, try to stay fit, eat better, and worry about nothing. Fixing things myself, creating things, writing, socializing with friends I like, excluding friends I don't like, and never allow other people to use me like some did before I changed. Contentment trumps happiness now, but happiness sneaks in every now and then.
The 'Sailing into the sunset' lifestyle... the comfortable alternative to busting your ass (and admittedly likely failing) at attaining something extraordinary in life, so long as you can honestly turn a blind eye to the 'what if'.
I couldn't agree more that frugal living is the way to go. It's all about being intentional with your spending and making choices that align with your values and goals. Plus, it's better for the environment too. Keep up the great content!
Counterpoint on the "everything will be a subscription". The reason why subscriptions work for books, movies, and games, is because people want to use them for a fixed amount of time, and then they're done. They don't want/need to use them for a long term period for the most part. Items that will be used for a short period are much more attractive to rent than own. Need a tool for a single job? Rent from Home Depot for a few days. Need that tool regularly because you do a particular type of work? Own that tool.
Older people like myself are definitely able to adjust without having all these things. We know what it was like to not have any of them as children and younger adults because that was our world. The only one that could help is health related advances.
Only subscriptions I pay for is my rent, phone, and car insurance. Been fixing all my equipment myself for years and just found out most of my family were electricians. I used hello fresh and it got me into going to the local farmers markets and it perfected my haggling skills.
Great video! I agree with all of your points. I would like to see you do a video on social media and it’s affects on kids. Kids aren’t going outside anymore, or learning life skills, or learning how to be respectful. Instead they’re watching unlimited content on platforms like tiktok which kids are not mentally prepared for. Imo, all it does it mess with their cognitive ability and promotes disrespect. We are slowly killing ourselves.
This is exactly why CEO, creators of said platforms or social media apps don't let their own kids use said things. Years ago one of the Ipad people said they don't let their kids use one.
Great insights, Austin, for which I totally agree! The sad thing is that this "service-based economy" actually places more and more power, money, and control over our lives in the hands of big corporations and the richest people in the world - the owners of everything, from which we "rent" everything... (By the way, for some reason your channel doesn't have a subscribe button, though I totally would.)
I'm totally shocked the way people live. I see so many cars/ vans/ trucks stopping daily at my neighbors houses through out the block. Glad I go grocery shopping once a month and never order things online. My clothes are 'old' but I couldn't afford to go buy clothes!
Very good video. One very convenient thing that I use is a digital library card. If someone has a internet connection and a local library it is free. I have access to hundreds of books and magazines online for free. I read everything from home on my tablet. There are music and movies also. I used to go to the library in person. Don’t have to anymore. Saves gas.
I've never had a car with a back up camera, or even bluetooth for that matter. I've never loaded music onto my phone, and I don't have data on my phone, either. I don't use any social media other than UA-cam. I line dry my clothes. I don't use A/C or any other cooling in the summer months. I don't use a hair dryer. I don't use restaraunts or take-out. The more you rely on things to make your life "easier", the more you whine when you don't have it. But when you sit in a waiting room and noticing each person staring at their phone (looking really stupid), I am not even tempted because I don't have data anyway. It is really sad that you can't sit there for a few minutes and just wait quietly for your turn. It's nice, because it gives you a few minutes to think, and to watch people around you. Nobody notices you are doing this, as they stare at their phone. It's so sad.
i believe you are 100% correct, however when i bring this subject up to people they get very angry with me, so i have found that it is best for me not to do so. keep fighting the good fight my friend. thank you.
One interesting thing about the subscription model that we hadn't been discussed either-things you subscribe for can be taken away from you too. Your Kindle books can disappear, even if you paid for ("own") them. Your favorite shows can be booted off the services you subscribe for. Your favorite musician can remove their work from platforms or they can get taken off of them.
Very good video and I completely agree. The first time I noticed this was about 5 years ago when I couldn’t just buy some software for my computer. It’s a subscription now. I can have it but I don’t own it. I have to pay yearly from the windows store. I was mad and I hate it.
I use open office now instead of Microsoft because of that. Ticked me off. Especially since if you pay the subscription it saves things to their cloud if I’m not careful instead of to my computer.
@@David-cm4ok well, I'm gonna have to learn Linux and improve my basic computering skills first, but luckily I know a bunch of Linux users and programmers who can help me make the switch.
This video was SUPERB. You completely nailed where we're headed (sadly!) and the steps we can implement NOW to navigate our way through these times. Keep up the wonderful work!!!!!!
Most people I see are going exactly back to they their lives were before the last two years actually happened. The vacations, the shopping. The only difference is people still want to work all the time away from where they were before. I feel I have changed in some ways myself but I don’t know if other people feel that way about themselves.
Wow! This video really encapsulates the key decisions of our time. I will watch this again and share it. My decision for the future is to take the intentional path. One of my many skills is baking bread. When you say these skills are not enjoyable, I agree with you a little. When you're learning them, it may be tedious, but once mastered, I find them to be immensely satisfying.
@@captainbuck5969 Since I mostly eat unprocessed foods, the small amount of bread that I eat doesn't affect my glucose levels. Thanks for your concern, though.
I always refused to feed the system--no family, kids, car, TV, mortgage, longterm debt, medical debt. I mainly consume Kindle ebooks, and stream indie and foreign films.
One simple example of this is back up cameras in vehicles. So many people now just look at the camera, which only views the back of the car instead of looking out the actual windows of the vehicle to get a 360 view. 🤔 So many near misses and accidents for simply failing to do what we've always done and what's logical.
Eye opening video! Thank you. I gradually moved to frugal over the years. I enjoy doing things for myself and being self-sufficient. In addition to being frugal, I think being self-sufficient increases confidence and the ability to think through problems.
Recently, I got into the UA-cam financial niche, and I’ve taken a deep dive into investing. Particularly, stock investments as it interests me. I have tried multiple methods to build my portfolio in the past. So far I’m making progress the help of a fund manager. Back to the video, wonderful job there. I always look forward to your content.
For me, as someone who has lived through the 9-5, what comes to mind first is the safety of my funds, With the help of a pro financial advisor, Herman W Jonas, I’ve gotten into stocks and fx, splitting my funds in different assets that have brought me huge roi. I just reinvest and grow my portfolio.
Quite true. From my experience, it’s about understanding the market and volatility, but that’s difficult to do without help and guidance. Going in blindly is like betting a pony against a horse in a race.
I invest because it affords I and my family the opportunity to live an incredibly fulfilling life, and I just don’t mean financially. Time wise also. I started out with Herman about a month ago and it’s surprising to see the rate at which I’ve had consistent growth. Even got my third payout last week. Real stand-up guy.
I have paid off my mortgage, and have enough saved in my emergency fund before hitting 40 next month. And by God’s Grace I invested two-third of my salary in stocks, ETF, and bonds. Over time my investments have yielded a little over $74k with Sir Jonas’ help. Looking at building a robust retirement in 2 to 3 years time.
@@Niveen175Oh thanks for pointing this out specially. As I usually skip past these because they usually sound generic. Is there a means I can reach him through? I’ll like to start my investment journey with him.
I confess that I sometimes feel smugly superior about my "old" phone, about clothes I've repaired, or when hairdressers tell me how healthy my hair is (my trick for healthy hair? laziness). Have you ever read the Word Exchange? In this book, devices predict what people will need including giving them just the right word to use to impress whoever they're speaking with, for an infinitesimally small cost. It gets to the point that someone who doesn't use it stands out as worse than their peers who do use it, and it also gets to the point where people become increasingly reliant on it instead of their internal lexicon.
I literally personally know of nobody who's spending that much on subscriptions each month. Everybody I know just cancels their subscriptions the second they stop delivering on promises or the moment that subscription becomes useless or poor value for them. It's a sign of good judgment. Still, some good points in this video.
The problem with the subscription model when it comes to video entertainment is the "illusion of choice." Abundance doesn't mean quality and gives a false sense that the viewer has unlimited options, when in reality every subscription service offers a different limited selection. It also causes selection fatigue since the viewer spends so much time simply finding something to watch amongst all the distraction, that they end up watching nothing in the end. I've always been a film buff, so that is one area I will continue to spend a bit of money on for the physical copy with all the extras that are missing from streaming media. This also pertains to books. I will continue to buy physical books as long as I can as nothing can replace that connection. Certainly not Kindle unlimited with it's anemic selection and removal of experience.
wow that was a great video, you summed up what has been lurking in my mind for a while. sometimes it is quiet scary when you look back and see what has changed in the last 30 years and then imagine everything that could change in the next 30
Spot on. We've been peeling off the dependence for the past 15 years. We're in a good place but always open to listen & learn new ideas & concepts. We enjoy your vids.
I do see where you are coming from, and you're not wrong, but I also think that this is a problem primarily for large wealthy nations. I struggled to see a lot of your concerns applying to my life in NZ. We don't have same day delivery or even Amazon in New Zealand - we wait for things or go get them our selves. Due to our isolation, the war and Covid we have shortages; most people cook for themselves and make things from scratch. DIY is part of cultural identity and of course we have tradespeople, but if you can do it yourself and you have the time, you do it. Of course, the older generation thinks we are to soft and lazy, so I'm sure we are heading down the same route, just maybe at a slower pace because of our small population. I really enjoy your videos, they always make me think and I learn something new :) Thank you!
@@qrsx66 Yes and no. The first lock down was great and for the most part people didnt mind it. We only begun to get angry after the government wasted all the work we did by not securing a vaccine. It seemed like the rest of the world was getting vaccinated and were still having mini lockdowns/regional lockdowns and having to wear masks etc because no one was vaccinated and no one had natural immunity because no one had had COVID because we did such a great job keeping it out!
Very interesting, and this is something I have realised is already happening, although I have never tried to vocalise it quite the same way. The obvious things right now are car ownership and our reliance on computers and mobile phones. People think you are absolutely insane if you dare suggest that they should leave their cars at home and use an alternative form of transport instead. And the amount of personal responsibility we have surrendered to computers over the past 30-years is frightening, to such an extent that if there is ever a fault with the computer network and it all goes down, we panic because we don't have a backup, and we can no longer function.
I had ocd about clothes & shoes so I spent last year stocking up. Not gardening. Not canning food. Not survival gear. Not anything useful. But stocking up on clothes & shoes so I don’t freak out when I can’t buy anymore. Crazy I know, but that’s ocd. Its not based on logic. 🤦♀️
“Fire department subscription includes complimentary ladder assistance and a written incident report within 5 business days of incident. Bronze upgrade includes first 50 gallons of water free, with every 10 gallons thereafter for a nominal rate subject to surge pricing.”
Excellent video .....I not only enjoy the context of it but also enjoy watching your gestures...and the way you are talking....the way you are rolling your eyes....
During the day I don’t turn the lights on except only when needed. Home gardener, and buying cake mixes instead of cakes for birthdays. Eating out only for very special occasions. No buying coffee out and making coffee at home. Never lease a car unless you have a business and can write it off.
I love being frugal and do all my own cooking ,housework and shopping , and by doing that and using cash i save money , your blogs are so useful ,thank you
Great vid 👌. I agree with all you said and had noticed it many years ago. I changed the way I lived around 4 years ago. Luckily i was raised in a war torn country and know how to survive without luxuries. I used to bring water home from a well in our backyard and also know how to make a fire using wood and cook food on it 😅 so basically i am kinda ready for the worse times 😄 hopefully ☹️
Another prophecy: Time will become the most important asset as opposed to money. Our lives are becoming increasingly more distracted, we do not have enough time for anything. Hence people will spend more to cultivate and save time
Subscriptions are way more expensive over time and benefit artists way less (I can say as a musician and author). People will always want to buy and read real books… they can reread and loan to friends and donate to libraries. I still own a lot of music and I do not wish to relinquish that data rather than overly rely on Spotify. But I can also play my own music when I want it… most people don’t have the luxury to play or create new music, to entertain themselves and others. Simplifying is good… no ownership is bad. I don’t want to live in a world where you rent everything. I am so blessed to have finally bought a house last year. Owning property is foundational for our household’s security.
Your insights are extraordinary. (And you're so young!) I have actually made changes to my life due to your videos. ( And I'm Gen X...the sensible generation 😂.) Thank you.
You are right. The prices have already doubled on a few things in the grocery stores, then eventually everything will be double or more and the same people that were dupped before, running for stuff because the store announces they're having a sale on something 30% off, is only on what was inflated anyway. But these mindless people keep talking crazy by continuing to confirm, keeping up with the Joneses and buying the newest gadgets or technology. How many depression, recession, inflation's do people have to go through? How many price fixings? How many resets?
We are at the edge of enslavement. When cash is outlawed, slavery begins. The farther technological change carries us, the more self-reliance recedes. If we have no access to the means of production, we are dependent on those who have it. I'm referring to the production of food, and tools to repair technology, and materials with which to fabricate useful things. You can see a glimpse of this in the film "Blade Runner."
What steps will you take as we head into the future?
I've been living frugally my whole life. I'm doing a training program that is going to offer me a reasonably higher paying job in the medical field...not a doctor, a billing specialist. My husband will retire shortly thereafter and run his own business, and my check will cover our medical care. I spend $14.99 on my Amazon subscription. I really don't buy much from Amazon. I pay $55 for my BJ's membership which saves me so much more than than the membership. I continue to reduce clutter in my home. I have a peephole in my front door and a muscle bound dog to protect myself. My goal is to be debt free, and we are doing very well with that. People already pack basic life skills. I'm doing my own taxes. I made our peanut butter eggs as well as our dinner. We rarely go out to eat. I like to save myself. I'm done.
03APR2023 "Charles Schwab loses $47 Billion in Market Value in one month."
Buy Au & Ag !!! Store your Wealth for the "Future"! ⚜Cajun⚜
@@danicegewiss862 I just removed my bank card from amazon and I don’t subscribe with anything that has me paying monthly I cancelled all of that.
Good food, fresh water, a beautiful shelter and plenty of exercise!
Going back to basics. We do family game nights with actual board games and cards. More family time and it’s really affordable
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.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
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.
@@mikegarvey17Could you possibly recommend a CFA you've consulted with?
My CFA ’Gertrude Margaret Quinto’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
This reminds me of the saying you will own nothing and you will be happy 👌🏽
Yesss! Scary.
It's the whole movement, downsizing, decluttering, minimalising, tiny homes, vanlife,... They're getting us used to our money not going as far as it used to.
@@theurbanthirdhomestead people have been living frugally and minimally by choice for hundreds, probably thousands of years. This is not new it's just that with the advent of social media people have become aware of it. My parents are 87 & 89, they've been frugal minimalists their whole lives and it's not because they have to, they are multi-millionaires, it's because they see no point in wasting money to buy things they don't need.
@@Michelle_Emm I was thinking the same thing, people who were alive during manifest destiny couldn’t have owned much. They were focused on living, I’m sure they had small cabin homes just as there were mansions.
@@Michelle_Emm The kind of frugality your parents enjoyed is way different then "frugality" our generation will have to go through. They certainly had confort and good quality basic stuff while we are going to face precarity.
There is a limit to this. You have to decide whether being cheap to yourself is worth the quality of life it yields. I had an aunt who had money but lived the ‘frugal’ life. She was ridiculously cheap and lived in a tiny apartment in a New York ghetto. That apartment was robbed so many times, but she refused to move because the rent was low. Her cheapness ruined her marriage and alienated her kids, and even when she got older and had to retire she became chronically I’ll, but she refused to spend money even on maintaining her own health. being ‘basic’ and depriving oneself of things that one needs won’t automatically create happiness.
“Nobody is coming to save us from ourselves” that is the truth.
Joe Biden will safe us
💯
Re: ownership, I view maintenance as a pro, not a con. It teaches us how our things work, their true value and an appreciation for their source, and how to fix and treasure things despite their being old and worn.
100%
Or maybe precisely because they are old and worn and yet still carry on and provide for us.
This was a really insightful video. Another thing that greatly concerns me is all the affordable housing slowly being bought up by corporations to rent back to people at extortionist-level rents. Young people starting out will no longer be able to purchase a starter home, nor will they be able to rent a decent apartment at a reasonable rate that lets them save money to purchase property in the future. All housing will become subscription based.
This is already happening in the UK
Your concerns are spot on! This is the real monster in the room. There are more people in our cities than there are beds. Property ownership has gone from being something even the poor could take for granted, to being something the middle class dream of.
What is more concerning is Section 8. Most people have no clue about this, or how big it is. I am a landlord, I know. The government harasses me mercilessly about signing up for it since I am the only one in my county who won't sign up.
This is happening in Ireland too.
That’s already happening right now
If you choose the intentional path the 95% of other people who choose the unintentional path will hate you and try to destroy you because you make them “feel” bad.
Sometimes I think I am the only person happy without a car, a house, a dishwasher, a lot of whatever. So watching your videos make me feel „normal“ again 😊
Hey
Your comment made me pause and reflect. Stay the same, stay happy and at peace
Me to, Retired and yes We do own a home and car but beyond that pretty minimal with are stuff..no dishwasher, no TV cable, no netflix subscript or any other subscripts
of any kind the list goes on. Our acquaintances /family/friends think of us as odd or poor..but hey we don't care plus were loaded😊 Thanks for sharing ...we feel " normal" now👍
I love washing dishes by hand. It's like a therapy!
Though everyone loves the luxury lifestyle but many don't want to take the risk to invest or work for it.. Now's the best time to buy the dip and it's an opportunity that will grant you all the luxury you crave for. Very interesting content, i would also be glad if anyone here can explain a few things for me, this is 2023 and I believe it's my time to invest and shine for a better future.
I think the one thing most investors miss when calculating intrinsic value, is that they look solely at the history to estimate growth in the future. The growth rate is very important, it arguably should take the most time in valuation. The past 10 years could be unusually good/bad due to acquisitions/dispositions affecting financials. Look to the future and make your best judgements.
There is one thing I have learned in recent months it is to remain calm, especially when it comes to investment in Stock. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
You are right but the market is profitable if you are using a really good broker or account manager to help out with trades or provide signals. Having monitored my portfolio performance which has made a jaw dropping $870k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
This is huge Josh! Think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "Colleen Janie Towe" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her. Most likely, her deets can be found on the net, so you can confirm yourself.
This is something I’ve seen coming for a while.
My goal is to simplify and not rely on all the conveniences. Mostly because I’m want to know exactly what I’m doing and putting forth.
I cook my own food (including lunches for work). I know exactly what I am eating AND saving money.
I love learning new skills… for the shear joy of being able to do it myself.
Yes, we embrace paying for convenience but I actually enjoy doing things for myself.
Cooking is fun and creative! Also takes your mine off of worries, better to cook than to scroll. Funny how there are several hours to waste on phones, but no time to cook 🤣
I could see this happening years ago when cars started to be built that made it difficult to be able to see around the car without the onboard cameras. The "blind spot" got way bigger and made it necessary to rely on proximity sensors to not run into anything. Self reliance - get an old car or motorcycle and learn everything about keeping it going.
Or bicycle
I've never had a car with a back up camera, or even bluetooth for that matter. I've never loaded music onto my phone? I line dry my clothes. I don't use A/C or any other cooling in the summer months. The more you rely on things to make your life easier, the more you whine when you don't have it.
Yes, and the way they keep making the engines more and more complex so that people are unable to fix their own cars, which just a couple of decades ago was a huge hobby for millions of young guys and a source of companionship.
Yep. I drive 20 year old cars for this very reason + I do all the main upkeep and no car payment plus pay less insurance.
Or have modern crash safety standards led to longer and wider cars with thicker pillars, bigger bumpers, smaller mirrors, etc, which necessitated the sensors and cameras? I think that is more likely.
Luckily, I started doing this intentional approach to daily decisions, frugality and simplicity 20 years ago, which has resulted in my financial ability to retire soon. I live in a condo in a tech heavy large city. Younger neighbors stare and smile when they see me lugging in large grocery bags from the store on my own. I smile back and know I'm remaining as self-sufficient as possible and getting exercise at the same time while they eat out or order from Uber Eats for each meal. However, real self-sufficiency would be living like my grandparents did, on a farm, raising the food myself. If they were still alive, they could teach me a great deal about self-sufficiency.
it's amazing that carrying groceries and going out to eat are considered hard work or something backward or clumsy people do.
I choose to be free, autonomous and be disconnected from all these so called convenience services. Don’t let big corporations own you.
The first thing you can do to save thousands a year is to make your lunch to take to work instead of buying it. This is probably the biggest low hanging fruit to saving $$$
I love that! Nobody is coming to save us from ourselves. Not god or some knight in shining armor. We are here to find great purpose in living intentionally and by being of service to the greater good of all living beings.
"We need to stop acting like little b*tches." The prophet Agustin has spoken, and you better believe it!!
Frugal living AND keeping fit and healthy.
I'm definitely a minimalist, own my own house, and grow my own food (but in the suburbs, not middle of nowhere). However, I do enjoy technology and I'm definitely intentionally embracing that. Personally, I don't want to own all the movies or video games I play. I buy only the ones I will replay/re-watch/re-read.
Convenience may sound bad on a mass scale, but it has allowed the elderly and disabled to live a more independent life. When I'm old or disabled, I'd prefer to be able to get deliveries instead of being dependent on volunteers or the good (but fickle) nature of others.
It's not all bad, black and white. You don't have to go from one extreme to the next. You can live intentionally, learn skills of independence, etc., without cutting yourself from all convenience and technology. I can grow my own food, but I still enjoy a pizza delivery now and then.
Very well said : )
imagine if your suburbs had nearby stores to walk to on the corner, you could easily do shopping then.
@@veziculorile I think that's great for normal climates. I live in the depth of hell in the summer (which also lasts like 5 months). The upside is a good growing season. The downside is I don't want to walk to my mailbox, let alone a store around the corner.
@@KC-ku9dq you'll get used to it if you try. Japan and Korea are very humid in the sunmer and they walk all over the place. You are just bringing excuses like an American will do these days to justify the old and unsustainable ways.
@@veziculorile I'm not American. I don't live in the kind of suburbs with no stores. My main point was that convenience has made it so that the handicapped and the elderly can be independent. It's hard for elderly and handicapped to walk even half a mile in high heat. Also, try not to assume that everyone who writes in English is American.
Keep on reading paper back books! Nothing quite like it, the old school way!
It takes you away and no distractions!
I have collected over 300 books and am building a DVD library as well.
I'll never read online.
@@ElAgustin Hi Austin, definitely agree! I am looking forward to returning to work this summer when my maternity leave finishes. Just to sit on a train to work for 30minutes and read in peace and quiet is exciting already. I have a 4 year old and a 9month old baby so I am constantly on the go and exhausted. Thank goodness for books!
The simple truth is this. The key to financial emancipation isn't about what you have, it is about what you can live without.
It is the Elimination, the first step in the book The Four hour work week by Timothy Ferris. ☺️
Do you have freedom when you are scared you may have to cook for yourself? Do you have freedom when the thought of walking the animal you chose to own is daunting? Do you have freedom when you must spend weeks, months, or years, strategizing how to move to a new place to live? Do you have freedom when you must stare into the black mirror to not face yourself?
I am in my 60's and you are spot on. My parents generation grew their own food, built their own homes and never had a mortgage. Now everyone is dependent on credit.
Austin you are so right. We are headed for idiocracy.
I'm a "Boomer" who has lived on lower wages, most of my life, I've only had a dozen years where I made a livable wage. I have had to manage doing things for myself and family out of necessity. I see a lot of the things that you described are already happening.
You beat me to it. Well said!
I used to be in charge of the world, or thought I was, but I had to stop. I realized I had answers to most dilemmas, but nobody cares, they do what they want. So, I turned in my "ruler over all" badge and no longer give advice on anything. It is so liberating and freeing that I no longer feel the need to control everything. I don't have to accumulate stuff, I don't have to impress anyone, and I truly don't care too much about whether someone is impressed with me or likes me. I do me now, try to stay fit, eat better, and worry about nothing. Fixing things myself, creating things, writing, socializing with friends I like, excluding friends I don't like, and never allow other people to use me like some did before I changed. Contentment trumps happiness now, but happiness sneaks in every now and then.
Well said, I’m at the stage of life as well.
The 'Sailing into the sunset' lifestyle... the comfortable alternative to busting your ass (and admittedly likely failing) at attaining something extraordinary in life, so long as you can honestly turn a blind eye to the 'what if'.
This how I’m living I’m giving it all up I’m living as simple as possible
I couldn't agree more that frugal living is the way to go. It's all about being intentional with your spending and making choices that align with your values and goals. Plus, it's better for the environment too. Keep up the great content!
Thanks! Exactly, lowering consumption is one of the best things a person can do for the environment!
The narrow gate to life vs the wide gate to destruction. The choice is ours.
Counterpoint on the "everything will be a subscription". The reason why subscriptions work for books, movies, and games, is because people want to use them for a fixed amount of time, and then they're done. They don't want/need to use them for a long term period for the most part. Items that will be used for a short period are much more attractive to rent than own. Need a tool for a single job? Rent from Home Depot for a few days. Need that tool regularly because you do a particular type of work? Own that tool.
Older people like myself are definitely able to adjust without having all these things. We know what it was like to not have any of them as children and younger adults because that was our world. The only one that could help is health related advances.
Only subscriptions I pay for is my rent, phone, and car insurance.
Been fixing all my equipment myself for years and just found out most of my family were electricians.
I used hello fresh and it got me into going to the local farmers markets and it perfected my haggling skills.
Great video! I agree with all of your points. I would like to see you do a video on social media and it’s affects on kids. Kids aren’t going outside anymore, or learning life skills, or learning how to be respectful. Instead they’re watching unlimited content on platforms like tiktok which kids are not mentally prepared for. Imo, all it does it mess with their cognitive ability and promotes disrespect. We are slowly killing ourselves.
This is exactly why CEO, creators of said platforms or social media apps don't let their own kids use said things. Years ago one of the Ipad people said they don't let their kids use one.
Great insights, Austin, for which I totally agree! The sad thing is that this "service-based economy" actually places more and more power, money, and control over our lives in the hands of big corporations and the richest people in the world - the owners of everything, from which we "rent" everything... (By the way, for some reason your channel doesn't have a subscribe button, though I totally would.)
I'm totally shocked the way people live. I see so many cars/ vans/ trucks stopping daily at my neighbors houses through out the block. Glad I go grocery shopping once a month and never order things online. My clothes are 'old' but I couldn't afford to go buy clothes!
Very good video. One very convenient thing that I use is a digital library card. If someone has a internet connection and a local library it is free. I have access to hundreds of books and magazines online for free. I read everything from home on my tablet. There are music and movies also. I used to go to the library in person. Don’t have to anymore. Saves gas.
What an awesome saving hack. I will look into this, thanks.
I’m definitely path 2. Always have been. I hate this fast paced world with all the noise pollution.
I've never had a car with a back up camera, or even bluetooth for that matter. I've never loaded music onto my phone, and I don't have data on my phone, either. I don't use any social media other than UA-cam. I line dry my clothes. I don't use A/C or any other cooling in the summer months. I don't use a hair dryer. I don't use restaraunts or take-out. The more you rely on things to make your life "easier", the more you whine when you don't have it. But when you sit in a waiting room and noticing each person staring at their phone (looking really stupid), I am not even tempted because I don't have data anyway. It is really sad that you can't sit there for a few minutes and just wait quietly for your turn. It's nice, because it gives you a few minutes to think, and to watch people around you. Nobody notices you are doing this, as they stare at their phone. It's so sad.
"i practice self sufficiency by buying dvd's and walking my dog PERSONALLY"
I couldn't agree more. I was upset with online banking and self-check out cashiers.
i believe you are 100% correct, however when i bring this subject up to people they get very angry with me, so i have found that it is best for me not to do so.
keep fighting the good fight my friend. thank you.
One interesting thing about the subscription model that we hadn't been discussed either-things you subscribe for can be taken away from you too. Your Kindle books can disappear, even if you paid for ("own") them. Your favorite shows can be booted off the services you subscribe for. Your favorite musician can remove their work from platforms or they can get taken off of them.
Also they can edit movies, or text from your favourite books, they re-draw comic books etc...
The credit score and CBDC will control what we can watch. We criticise our government, our privileges are removed. The elite are corrupt
So grateful I didn’t know about most of these “services”.
Who needs them? I refuse to even have a tv. Can’t stand the things. The noise, the ads, the rubbish shows.
Very good video and I completely agree. The first time I noticed this was about 5 years ago when I couldn’t just buy some software for my computer. It’s a subscription now. I can have it but I don’t own it. I have to pay yearly from the windows store. I was mad and I hate it.
I use open office now instead of Microsoft because of that. Ticked me off. Especially since if you pay the subscription it saves things to their cloud if I’m not careful instead of to my computer.
I hate this too. And every app is a subscription!
That's why I'm going to switching to Linux soon.
@@hodgepodgetheexperimental6137 good luck. If you know your way about computing , you’ll be fine. For the layman it can be a pita.
@@David-cm4ok well, I'm gonna have to learn Linux and improve my basic computering skills first, but luckily I know a bunch of Linux users and programmers who can help me make the switch.
Buy things which are necessary to your daily needs and be ultrapractical with your expenditures.
This video was SUPERB. You completely nailed where we're headed (sadly!) and the steps we can implement NOW to navigate our way through these times. Keep up the wonderful work!!!!!!
I appreciate the compliments!
Most people I see are going exactly back to they their lives were before the last two years actually happened. The vacations, the shopping. The only difference is people still want to work all the time away from where they were before. I feel I have changed in some ways myself but I don’t know if other people feel that way about themselves.
No one can predict the future but I agree with the defensive qualities of frugality.
These tngs are already happening so he dsnt predict future he just says this situation ppl are caught will get worse and he is right ☹️
What a powerful message. This is awesome. Walk with intention! That's the way. ❤
Not convinced people will turn helpless and uncreative. Lazy and whiny possibly. Where there's a will there's always a way.
Wow! This video really encapsulates the key decisions of our time. I will watch this again and share it. My decision for the future is to take the intentional path. One of my many skills is baking bread. When you say these skills are not enjoyable, I agree with you a little. When you're learning them, it may be tedious, but once mastered, I find them to be immensely satisfying.
Eating to much bread will contribute to diabetes.
@@captainbuck5969 Since I mostly eat unprocessed foods, the small amount of bread that I eat doesn't affect my glucose levels. Thanks for your concern, though.
The only way to survive is to seek simplicity. I see a lot of what your saying. 😮
Confucius wisdom: If you love your child, do not give him comfort.
I agree with all of this 110%.
I always refused to feed the system--no family, kids, car, TV, mortgage, longterm debt, medical debt.
I mainly consume Kindle ebooks, and stream indie and foreign films.
One simple example of this is back up cameras in vehicles. So many people now just look at the camera, which only views the back of the car instead of looking out the actual windows of the vehicle to get a 360 view. 🤔
So many near misses and accidents for simply failing to do what we've always done and what's logical.
@Janice I don't either. Honestly I forget I have it unless a passenger brings it up.
Eye opening video! Thank you. I gradually moved to frugal over the years.
I enjoy doing things for myself and being self-sufficient. In addition to being frugal, I think being self-sufficient increases confidence and the ability to think through problems.
Recently, I got into the UA-cam financial niche, and I’ve taken a deep dive into investing. Particularly, stock investments as it interests me. I have tried multiple methods to build my portfolio in the past. So far I’m making progress the help of a fund manager. Back to the video, wonderful job there. I always look forward to your content.
For me, as someone who has lived through the 9-5, what comes to mind first is the safety of my funds, With the help of a pro financial advisor, Herman W Jonas, I’ve gotten into stocks and fx, splitting my funds in different assets that have brought me huge roi. I just reinvest and grow my portfolio.
Quite true. From my experience, it’s about understanding the market and volatility, but that’s difficult to do without help and guidance. Going in blindly is like betting a pony against a horse in a race.
I invest because it affords I and my family the opportunity to live an incredibly fulfilling life, and I just don’t mean financially. Time wise also. I started out with Herman about a month ago and it’s surprising to see the rate at which I’ve had consistent growth. Even got my third payout last week. Real stand-up guy.
I have paid off my mortgage, and have enough saved in my emergency fund before hitting 40 next month. And by God’s Grace I invested two-third of my salary in stocks, ETF, and bonds. Over time my investments have yielded a little over $74k with Sir Jonas’ help. Looking at building a robust retirement in 2 to 3 years time.
@@Niveen175Oh thanks for pointing this out specially. As I usually skip past these because they usually sound generic. Is there a means I can reach him through? I’ll like to start my investment journey with him.
I confess that I sometimes feel smugly superior about my "old" phone, about clothes I've repaired, or when hairdressers tell me how healthy my hair is (my trick for healthy hair? laziness).
Have you ever read the Word Exchange? In this book, devices predict what people will need including giving them just the right word to use to impress whoever they're speaking with, for an infinitesimally small cost. It gets to the point that someone who doesn't use it stands out as worse than their peers who do use it, and it also gets to the point where people become increasingly reliant on it instead of their internal lexicon.
I literally personally know of nobody who's spending that much on subscriptions each month. Everybody I know just cancels their subscriptions the second they stop delivering on promises or the moment that subscription becomes useless or poor value for them. It's a sign of good judgment. Still, some good points in this video.
Don't Compete! Create!
The Thinkers and those who have a Master mentality over a slave mentality will Thrive in the future.
This guy is Brilliant 💯👍🏼
The problem with the subscription model when it comes to video entertainment is the "illusion of choice." Abundance doesn't mean quality and gives a false sense that the viewer has unlimited options, when in reality every subscription service offers a different limited selection. It also causes selection fatigue since the viewer spends so much time simply finding something to watch amongst all the distraction, that they end up watching nothing in the end. I've always been a film buff, so that is one area I will continue to spend a bit of money on for the physical copy with all the extras that are missing from streaming media. This also pertains to books. I will continue to buy physical books as long as I can as nothing can replace that connection. Certainly not Kindle unlimited with it's anemic selection and removal of experience.
Yes! Agree with every word of this.
We need balance. That's what is lacking.
See the beauty in Simplicity. ✅
What an absolutely wonderful video, thank you! Such profound truths about the times we're living in.
wow that was a great video, you summed up what has been lurking in my mind for a while. sometimes it is quiet scary when you look back and see what has changed in the last 30 years and then imagine everything that could change in the next 30
Spot on. We've been peeling off the dependence for the past 15 years. We're in a good place but always open to listen & learn new ideas & concepts. We enjoy your vids.
On point, this video hits hard as the obvious truth. Just remember, your life is borrowed and nothing is owned.
The era of voluntary austerity. A rejection of the debt ridden norm of modern society.
“ You Will Own Nothing and be Happy “ boy is that coming true
Gratitude and balance 👍
Doing the life skills yourself does give you self satisfaction. At 60 , I know it is works to be intentional.
I'm doing renovation of my apartment and everything is freaking expensive.
So, videos on frugal lifestyle is what I need now 😂
I do see where you are coming from, and you're not wrong, but I also think that this is a problem primarily for large wealthy nations. I struggled to see a lot of your concerns applying to my life in NZ. We don't have same day delivery or even Amazon in New Zealand - we wait for things or go get them our selves. Due to our isolation, the war and Covid we have shortages; most people cook for themselves and make things from scratch. DIY is part of cultural identity and of course we have tradespeople, but if you can do it yourself and you have the time, you do it. Of course, the older generation thinks we are to soft and lazy, so I'm sure we are heading down the same route, just maybe at a slower pace because of our small population. I really enjoy your videos, they always make me think and I learn something new :) Thank you!
I heard you had a particularly harsh treatment during covid and a lot of deprivation and isolation, that's crazy.
@@qrsx66 Yes and no. The first lock down was great and for the most part people didnt mind it. We only begun to get angry after the government wasted all the work we did by not securing a vaccine. It seemed like the rest of the world was getting vaccinated and were still having mini lockdowns/regional lockdowns and having to wear masks etc because no one was vaccinated and no one had natural immunity because no one had had COVID because we did such a great job keeping it out!
Sheep
Been watching several videos from you today. This was really good!
Very interesting, and this is something I have realised is already happening, although I have never tried to vocalise it quite the same way.
The obvious things right now are car ownership and our reliance on computers and mobile phones.
People think you are absolutely insane if you dare suggest that they should leave their cars at home and use an alternative form of transport instead.
And the amount of personal responsibility we have surrendered to computers over the past 30-years is frightening, to such an extent that if there is ever a fault with the computer network and it all goes down, we panic because we don't have a backup, and we can no longer function.
YES, I AGREE FRUGAL LIVING IS THE ONLY WAY! BUY NOTHING IF DON'T NEED IT.👍💯
I had ocd about clothes & shoes so I spent last year stocking up. Not gardening. Not canning food. Not survival gear. Not anything useful. But stocking up on clothes & shoes so I don’t freak out when I can’t buy anymore. Crazy I know, but that’s ocd. Its not based on logic. 🤦♀️
I don't think I have ever enjoyed a video as much as I have this one. Well done!
Going to watch your new video right now with my morning cups of tea from Nova Scotia. Thanks for all you do, Mr. Austin Williams.
“Fire department subscription includes complimentary ladder assistance and a written incident report within 5 business days of incident. Bronze upgrade includes first 50 gallons of water free, with every 10 gallons thereafter for a nominal rate subject to surge pricing.”
Excellent video .....I not only enjoy the context of it but also enjoy watching your gestures...and the way you are talking....the way you are rolling your eyes....
During the day I don’t turn the lights on except only when needed. Home gardener, and buying cake mixes instead of cakes for birthdays. Eating out only for very special occasions. No buying coffee out and making coffee at home. Never lease a car unless you have a business and can write it off.
I love being frugal and do all my own cooking ,housework and shopping , and by doing that and using cash i save money , your blogs are so useful ,thank you
you have really nice perspectives to these topics, subscribed :)
I think you are bang on. I own everything and do everything myself, always have, always will.
Great vid 👌. I agree with all you said and had noticed it many years ago. I changed the way I lived around 4 years ago. Luckily i was raised in a war torn country and know how to survive without luxuries. I used to bring water home from a well in our backyard and also know how to make a fire using wood and cook food on it 😅 so basically i am kinda ready for the worse times 😄 hopefully ☹️
Another wisdom-filled message. I forwarded this to my daughter with 3 young children. Chilling realities! Thankful I know how it all ends. 🙏🏻🙏🏻🙏🏻
Another prophecy: Time will become the most important asset as opposed to money. Our lives are becoming increasingly more distracted, we do not have enough time for anything. Hence people will spend more to cultivate and save time
Subscriptions are way more expensive over time and benefit artists way less (I can say as a musician and author). People will always want to buy and read real books… they can reread and loan to friends and donate to libraries. I still own a lot of music and I do not wish to relinquish that data rather than overly rely on Spotify. But I can also play my own music when I want it… most people don’t have the luxury to play or create new music, to entertain themselves and others. Simplifying is good… no ownership is bad. I don’t want to live in a world where you rent everything. I am so blessed to have finally bought a house last year. Owning property is foundational for our household’s security.
Your insights are extraordinary. (And you're so young!) I have actually made changes to my life due to your videos. ( And I'm Gen X...the sensible generation 😂.) Thank you.
All true, glad I am no younger
I was about to pay someone to clean my apartment and detail my car. You just encouraged me to do it myself 😂😂😂 Thank you for saving me about $500.00
Speak the TRUTH!! You’ve out-done yourself Austin!
This video is DESTACADO hermano❤
Gracias mijita!
Very wise. I keep telling myself there is hope for future generations. Only time will tell 🤞
You are right. The prices have already doubled on a few things in the grocery stores, then eventually everything will be double or more and the same people that were dupped before, running for stuff because the store announces they're having a sale on something 30% off, is only on what was inflated anyway. But these mindless people keep talking crazy by continuing to confirm, keeping up with the Joneses and buying the newest gadgets or technology.
How many depression, recession, inflation's do people have to go through? How many price fixings? How many resets?
Thanks to this administration. Gas and goods tripled.
Well stated!! Move forward with this knowledge and you will have a great / smart future Austin!!
We are at the edge of enslavement. When cash is outlawed, slavery begins. The farther technological change carries us, the more self-reliance recedes. If we have no access to the means of production, we are dependent on those who have it. I'm referring to the production of food, and tools to repair technology, and materials with which to fabricate useful things. You can see a glimpse of this in the film "Blade Runner."
Agree to a point. This is common with software for sure. Don't agree with everything else. And I am aware of the creep but I'm conscious of it
I hate subscriptions. It's like being in debt. Something I am perpetually paying off. I want to own the stuff.