Everyone commenting on here is so triggered by the unbelievable level of sacrifice and delayed gratification by this woman that all they can do is spew negativity and criticize while they live broke, unhappy lives.
This is definitely helpful advice but I think frugality is a rather profitable hobby for her. In other videos, the couple is advertised as having retired n their 30s but within it they also mention that the hubby is still working. A little more digging would reveal his high salary as he works for nonprofit. I find the whole thing rather disingenuous.
I don't think bringing food to work or collecting something functional from the curb is weird at all. It's kind of funny how a lot of this is just common sense, like cook from scratch, it's cheaper and healthier! Americans really are addicted to buying things constantly. :/
I know too many people who don't eat leftovers. Are not willing to settle for anything but new. Most of those individuals are not budgeting and literally living paycheck to paycheck or worst (consumer debt). Unfortunately that is the norm.
very good interview. really enjoyed it. having a 21-yo truck that I really don't know when it will breakdown, I can relate, but am so glad I didnt toss that cash away on a nicer vehicle.
I really like that segment on the 72 hr. Wait period for buying stuff. Very informative! I needed to hear this. Didn't know about the dopamine high, etc.
What I’m surprised by is the fact of her and her husband cutting each other’s hair isn’t being called a labor of love. What I’m referring to is while there’s the beauty of saving money, you’re also perfecting a practice for the one you love and honestly this brings couples even closer together. I do this with fully body massages with my SO. So we save money and learn how to nurture each other very well. Now to convince him to trust me with his hair lol.
@@Mitzi73 If you spent 20k on that car new, and could have spent 15k used, that $5k invested over 20 years @ 10% would now be $33,600. So you'd still have the same car, but with an extra $33.6k in net worth. That money invested over another 20 years would be $226k.
Mr Frugelwoods still works full time from home in a computer engineering role. He enjoys his career. The Fruggles are not accelerating their mortgage as they put much into investments. They stopped with two children, rather than 4 or 5 children. Money Mustache says # of children and # of pets effects saving money. Does this couple travel? I enjoyed traveling to Paris and Italy with my adult daughter in 2023. I enjoyed their early videos where it interviews then on how they live frugally. Its inspiring!
I paid off my mortgage even with 2.875 fixed rate mortgage. There is nothing like having your mortgage paid off. You feel financially free. The math is not right , but we are parents , spouses and community members. We don’t live on a spread sheet on a day to day basis.
That sounds so nice and healthy. I've grown to like thrift stores. Just yesterday I wore a shirt that would have set me back 100$, but I only paid around 10$. But what if your kids want to start ice hockey, ballet or baseball? That would mean having to drive them back and forth to practice and matches. How would you handle that wish from your kids?
1)get good debt and avoid the bad ones 2)spend very little on entertainment -- internet, tv, going outdoors, friends, hosting programmes at the house.3)have no car payment....buy with cash after saving up4)................. 5)...9)almost buy everything used( except food and medicine...lol)10)no impulse buying....wait for 72 hours....lol 12) do all grooming in the house. Embrace imperfection, life is not perfect. Perfect!
It's not about money. It's about how you design your life. People are angry and therefore saying bad things about this woman and what she is saying because they can never and will never attempt to understand this woman. Confused people. The woman is saying think about time with your family and how to achieve that. Freedom and choice are more important than money. If you don't get this revelation you'll never understand how people can delay gratification and still feel very very happy.
Everything is about priorities. If never in my life give up going to gigs (often out of state). It's the top thing in life that gives me pleasure. Plenty of the other things she mentions I can easily give up. I don't pay for tv, internet, Netflix, etc. It's just the basic bills everyone has.
if it works for you, great. We just don't want people to indulge themselves whilst simultaneously sabotaging themselves knowingly or otherwise and crying or worrying about these decisions later on. If you are happy to entertain or hurt yourself, fair enough. Good for you. Freedom is more important than money. Money is just a tool. That's the message.
Agree with pretty much everything said. I would suggest looking at the total cost of ownership of an electric car vs petrol. I have found in the UK it is cheaper to have a brand new electric vs an old petrol and will own the car outright in 3 years. I also think that paying the mortgage quicker saves huge amounts in interest whereas savings earn little interest at the moment (agree cash is king and that 3 months income in savings is good). Investments can go down too so need to be cautious there
Yes, paying off the mortgage off quickly will reduce the amount of interest you'll pay off at the completion of the full loan term. Personal finance is personal, and there are many paths to FI.
Live and learn. I have always been somewhat frugal, but not consistently. You must WORK, and save as much as you can, all the while paying your BILLS! No easy feat. Toil and toil. Phew....
For many people, spending less money might seem like a sacrifice. I see it that way: Imagine someone who wants to build a sucessfull company, that person has to put a lot of time and energy in that business, probably for many years, to make that happen. Or someone who wants to become sucessfull in any kind of sport, that person has to spend many hours training instead of just chilling around. I wouldn't call their spended time a sacrifice, it's just the work you have to put in, the dedication and discipline you have to show to reach your goals. So saving money and investing is the work you do, for reaching FI and seeing how you progress day by day, month by month can be very satisfying. You do it for yourself and your family to build them a better future. That's not a sacrifice.
Not cutting and coloring your hair at a salon means that you have to have a spouse that is okay with the way you look when you don't do those things. We are judged on our looks, as sad as that is. I cut my hair twice a year and since I've been single I don't color it. But when I am dating I feel a strong pressure to color my hair. So you have to have a partner who is okay with the way you look when you do not outsource these grooming tasks. They are young still.
I color/cut my hair, I do my own manicure, pedicure, makeup, blowouts, self-tan etc at home. This was a choice made due to me not wanting sacrifice my time while driving to the salons, begging for "professionals" to schedule me time and my extreme care about hygiene. I better not get my hair brushed with brushes that 100s of people used. When I'm going on a night out I look like million dollar chick. You have to learn it only once and you have a skill for the rest of your life.
So, true. I color my hair often because i have early graying hair or at least i think im to young to have gray yet. Lol. But, i have no cable, do my nails, professionally cut my hair 2-4 a year if that, color reguarly though, eat in, etc, etc. I try to do everything as cheap as possible that way when i rarely do go out, i have enough money to buy decent meals & someone a drink. Basically i dont look cheap. 😆
@@vivianp5962 exactly. one thing money can't buy is style and grace. i know many people who shop exclusively from expensive designer stores but they have no sense of style and it's just looks hideous.
Entertainment is easy to become a big expense. What I've done is 1. Dont go out for a "good time" only for needed stuff (work, food ect) 2. What ever is your passion, that you enjoy, do that for your primary entertainment. For example I collect retro video games, and have a budget of what I can spend in a month on them but I still have tons of things to choose from that I've never played. (alot has climbed in value to, while no new copies are made so they stay up for the most part.) Also theres tons of free content to consume on the web thats free over netflix/hulu. I listen to podcasts and like to read manga. Over all I spend sub $100 a month between my gf and me. I will say I hate holiday season but I try to save up a budget before hand for all gifts I give. ($350)
Sarah Fairchild after reading your comment I thought I'd hate this interview, but I heard it differently, they went from one topic to another, staying on point the whole time.
I disagree with their mortgage payoff analysis. How many people are savvy investors? and the risk of the market ups and downs?. He said, a larger return, well there is also a larger chance of losing. Plus payoff mortgage save tones of money, guaranteed. I saved more than $150,000 by paying more every month towards the principal just in 5 years. Even my Vanguard investment hasn’t given me that kind of return. Invest in the market advise is extremely exaggerated but it makes people sound smarter when they talk about it.
Matt Tad. I totally agree - I will get a better return by paying off my house. I also have money I put into investments but I think both are a good idea if you can swing it.
You make a lot, you can save a lot. Poor little rich girl living on near to nothing AFTER she took her wealth and built a home (no mortgage) and paid other things off AFTER her huge income and THEN started her road to frugality. Start out with NOTHING and THEN try to save money. So sick of the me generation touting their success in the frugal world.
Don't get angry or sulk on others success. Since you realized that this individual was able to achieve a high savings rate due to having a high income/disposable income, that's the first step you many be interested in replicating. Change your financial situation. Take on more certifications or acreditions to move to the income that allows you to be happy. The guest didn't just happen to become rich over night. For all we know her story started with nothing as you had mentioned. Don't assume the lack of effort or hard work someone has put in. That's just as bad as a rich person calling a poor person lazy... Too many people want to get rich quick. Being rich is a mind set, you need to create value and be discipline with a plan. Look at what this individual is doing and use what is applicable to your own life. Each person has their own goals and walk in life. You need to reflect on what you want and take action on how you can get there.
Someone recommended this podcast to me. Psshh. I'm week to week dude. You all are talking about your rental properties and resisting paying off your morgage in full. This does nothing for us lower middle class-ers.
I'm forced to be uber frugal due to my income at its highest is at $9,365 a year, while my worse is below $7,000. >_< Seeing rich people opting themselves to a life that I'm forced to live as is rather insulting in a way. Even with that stated though, hyper-consumerism and hyper-materialism is also destructive for any human being and I woulodn't encourage it either. I just think that if given a choice I rather pay someone to garden, harvest my food and treat myself to something new now and then.
@@vivianp5962 Just a quick background. When I was 20yo I worked for a major retail chain for 6 years, making slightly above minimum wage taking home on average 17-19k/year (pretax), forced to literally budget every dollar I had just to make ends meet. I rented a small 8x10 bedroom from a family for $300/mon. Went to college during this time racking up 20k in loans but never graduated. @26yo I asked myself, is this all this is to my life? I knew what hindered me was my financial situation I instead decided to go get a vocational degree, I was motivated and worked hard, upon certification I was hired almost immediately. I was very blessed, but that was not by luck, I made it my goal to be more valuable than the minimum wage I was told I'm worth. I'm not rich. I'm 29yo now, I still live like I only earn a minimum wage. But I had a plan. I got out of debt, reduced any nonnecessary expenses, saved AND INVESTED any additional income I had. Last year I was finally about to buy my first home. I practice frugality to what is comfortable to me but would be considered extreme to most normal people. As you had mentioned normal and rich people may not understand what being poor is like when it's not a choice but a lifestlye. But the great news for people like us is that since we do, we have that advantage, all we need is to get more income. I have a savings rate of about 54% for this year, I live on about 10k/year not including my mortgage. My coworkers make fun of me despite me trying to encourage them to save for their future, but each person has their own path in life they must walk. I wish you the best of luck. Don't sulk at other people's success, instead take what is applicable and use that to better your situation.
@@milkncookie you are truly smart👍 A. You invested in yourself and didn't settle for a low paying job, you made yourself more valuable B.You lived as if you continued to receive that lower pay and invest the rest " Do today what others won't do to have tomorrow what others won't have" Les Brown
Because she explains everything with detail in her web site and book. She even drops numbers. You are judging basing on a podcast. She couldn't explain everything here. Search for her posts in her web. They really detailed.
@@anateresab.on.2372 No, no. They were intentionally obfuscation until their ego couldn't stop them from publishing under their own name. When the truth came out they deleted any info they could, bit like Dave Ramsey and Pete Adeney, could not stop free discussion.
Laura Mroz People who save this way usually make a lot of money (tech people). The advice presented is still valid and valuable though. Even if you save 20-30% you are still ahead.
Recently came out they made about $250k+ during the journey. Income is half the equation, which is something to appreciate about Mr. Money Mustache. He's straight up with how much he made and how it worked whereas as Frugalwoods fudged this by playing the role of "lady who needs moisturizer and has a lame wardrobe and haircut." It's a shame because I'd have loved her for being eccentric with a great income, showing just how passionate she is to get her dream, but she sold herself as a superwoman, implying that their income was average (I figured $100k). On top of that she just seems like a very cheap (not generous) person, advising people not to give gifts, taking a coat from a box for charity, and then scrubbing her site in recent weeks of not just criticism, but genuine questions regarding this new information.
the word is SACRIFICE. I live out of my car. I pay for cell service, gas, food and business expenses and that's it. Everything else is fluff and totally up to you.
It's amazing that what we call extreme frugality is actually normal living elsewhere in the world.
Everyone commenting on here is so triggered by the unbelievable level of sacrifice and delayed gratification by this woman that all they can do is spew negativity and criticize while they live broke, unhappy lives.
This is definitely helpful advice but I think frugality is a rather profitable hobby for her. In other videos, the couple is advertised as having retired n their 30s but within it they also mention that the hubby is still working. A little more digging would reveal his high salary as he works for nonprofit. I find the whole thing rather disingenuous.
Ya, they are not retired. But they are living well and seem happy 🤷♀️
Lol free
I don't think bringing food to work or collecting something functional from the curb is weird at all. It's kind of funny how a lot of this is just common sense, like cook from scratch, it's cheaper and healthier! Americans really are addicted to buying things constantly. :/
I know too many people who don't eat leftovers. Are not willing to settle for anything but new.
Most of those individuals are not budgeting and literally living paycheck to paycheck or worst (consumer debt).
Unfortunately that is the norm.
@@milkncookie and same ones who are always broke and blaming everyone else but themselves**'
very good interview. really enjoyed it.
having a 21-yo truck that I really don't know when it will breakdown, I can relate, but am so glad I didnt toss that cash away on a nicer vehicle.
It helps if you have a great income to save from. So many people in us make 15$ an hour or less and saving is harder
I really like that segment on the 72 hr. Wait period for buying stuff. Very informative! I needed to hear this. Didn't know about the dopamine high, etc.
72 Hours for the win!!!
They rent their home in Boston. They both still work. They pay $2400/month for mortgage, taxes, insurance. Only 2 kids.
What I’m surprised by is the fact of her and her husband cutting each other’s hair isn’t being called a labor of love. What I’m referring to is while there’s the beauty of saving money, you’re also perfecting a practice for the one you love and honestly this brings couples even closer together. I do this with fully body massages with my SO. So we save money and learn how to nurture each other very well. Now to convince him to trust me with his hair lol.
wow, this girl is on another level!!!
I bought a brand new car in 2001 and still driving it. No regrets.
Mitzi73
97 Explorer. Just a tradh can with wheels that gets me back and forth from a job I don't like
Bichr Salhi I don’t want to spend money on other people’s problems. I have no problem buying new especially since my new car is 20 years old.
@@Mitzi73 If you spent 20k on that car new, and could have spent 15k used, that $5k invested over 20 years @ 10% would now be $33,600. So you'd still have the same car, but with an extra $33.6k in net worth. That money invested over another 20 years would be $226k.
@@Corpsecreate Yes but I paid the extra $5k so I wouldn’t have someone else’s $20k repair issues.
@@Mitzi73 it's certainly possible that could have been the case yep
Mr Frugelwoods still works full time from home in a computer engineering role. He enjoys his career. The Fruggles are not accelerating their mortgage as they put much into investments. They stopped with two children, rather than 4 or 5 children. Money Mustache says # of children and # of pets effects saving money. Does this couple travel? I enjoyed traveling to Paris and Italy with my adult daughter in 2023. I enjoyed their early videos where it interviews then on how they live frugally. Its inspiring!
Love this interview! Cooking from scratch is the healthiest! I have always cut my own hair and my families hair.
I paid off my mortgage even with 2.875 fixed rate mortgage. There is nothing like having your mortgage paid off. You feel financially free. The math is not right , but we are parents , spouses and community members. We don’t live on a spread sheet on a day to day basis.
I have found my tribe. I actually love frugality.
Me too
That sounds so nice and healthy. I've grown to like thrift stores. Just yesterday I wore a shirt that would have set me back 100$, but I only paid around 10$. But what if your kids want to start ice hockey, ballet or baseball? That would mean having to drive them back and forth to practice and matches. How would you handle that wish from your kids?
Car pool with other parents.
1)get good debt and avoid the bad ones 2)spend very little on entertainment -- internet, tv, going outdoors, friends, hosting programmes at the house.3)have no car payment....buy with cash after saving up4)................. 5)...9)almost buy everything used( except food and medicine...lol)10)no impulse buying....wait for 72 hours....lol 12) do all grooming in the house. Embrace imperfection, life is not perfect. Perfect!
@@bsca1956 good debt can build wealth.(real estate)
I read the Frugalwoods blog. Nice to finally hear her voice. ❤️
It's not about money. It's about how you design your life. People are angry and therefore saying bad things about this woman and what she is saying because they can never and will never attempt to understand this woman. Confused people. The woman is saying think about time with your family and how to achieve that. Freedom and choice are more important than money. If you don't get this revelation you'll never understand how people can delay gratification and still feel very very happy.
Everything is about priorities. If never in my life give up going to gigs (often out of state). It's the top thing in life that gives me pleasure. Plenty of the other things she mentions I can easily give up. I don't pay for tv, internet, Netflix, etc. It's just the basic bills everyone has.
if it works for you, great. We just don't want people to indulge themselves whilst simultaneously sabotaging themselves knowingly or otherwise and crying or worrying about these decisions later on. If you are happy to entertain or hurt yourself, fair enough. Good for you. Freedom is more important than money. Money is just a tool. That's the message.
Agree with pretty much everything said. I would suggest looking at the total cost of ownership of an electric car vs petrol. I have found in the UK it is cheaper to have a brand new electric vs an old petrol and will own the car outright in 3 years. I also think that paying the mortgage quicker saves huge amounts in interest whereas savings earn little interest at the moment (agree cash is king and that 3 months income in savings is good). Investments can go down too so need to be cautious there
Yes, paying off the mortgage off quickly will reduce the amount of interest you'll pay off at the completion of the full loan term. Personal finance is personal, and there are many paths to FI.
Live and learn. I have always been somewhat frugal, but not consistently. You must WORK, and save as much as you can, all the while paying your BILLS! No easy feat. Toil and toil. Phew....
Such a refreshing conversation! Thank you 🙏🏻
Cancelled three subscriptions and changed my default apple pay card to my check card instead of my credit card while listening to this podcast
That's awesome! Glad you're taking action.
For many people, spending less money might seem like a sacrifice. I see it that way: Imagine someone who wants to build a sucessfull company, that person has to put a lot of time and energy in that business, probably for many years, to make that happen.
Or someone who wants to become sucessfull in any kind of sport, that person has to spend many hours training instead of just chilling around.
I wouldn't call their spended time a sacrifice, it's just the work you have to put in, the dedication and discipline you have to show to reach your goals.
So saving money and investing is the work you do, for reaching FI and seeing how you progress day by day, month by month can be very satisfying. You do it for yourself and your family to build them a better future. That's not a sacrifice.
Great interview!
Not cutting and coloring your hair at a salon means that you have to have a spouse that is okay with the way you look when you don't do those things. We are judged on our looks, as sad as that is. I cut my hair twice a year and since I've been single I don't color it. But when I am dating I feel a strong pressure to color my hair. So you have to have a partner who is okay with the way you look when you do not outsource these grooming tasks. They are young still.
I color/cut my hair, I do my own manicure, pedicure, makeup, blowouts, self-tan etc at home. This was a choice made due to me not wanting sacrifice my time while driving to the salons, begging for "professionals" to schedule me time and my extreme care about hygiene. I better not get my hair brushed with brushes that 100s of people used. When I'm going on a night out I look like million dollar chick. You have to learn it only once and you have a skill for the rest of your life.
So, true. I color my hair often because i have early graying hair or at least i think im to young to have gray yet. Lol. But, i have no cable, do my nails, professionally cut my hair 2-4 a year if that, color reguarly though, eat in, etc, etc. I try to do everything as cheap as possible that way when i rarely do go out, i have enough money to buy decent meals & someone a drink. Basically i dont look cheap. 😆
@@vivianp5962 exactly. one thing money can't buy is style and grace. i know many people who shop exclusively from expensive designer stores but they have no sense of style and it's just looks hideous.
I color my own hair.
Entertainment is easy to become a big expense. What I've done is
1. Dont go out for a "good time" only for needed stuff (work, food ect)
2. What ever is your passion, that you enjoy, do that for your primary entertainment. For example I collect retro video games, and have a budget of what I can spend in a month on them but I still have tons of things to choose from that I've never played. (alot has climbed in value to, while no new copies are made so they stay up for the most part.)
Also theres tons of free content to consume on the web thats free over netflix/hulu. I listen to podcasts and like to read manga.
Over all I spend sub $100 a month between my gf and me. I will say I hate holiday season but I try to save up a budget before hand for all gifts I give. ($350)
They do have a crazy high income.
Just to be clear, 75% of after-tax money after house payment? Most people spend over 25% on taxes alone.
These people obviously made a ton of money. Most people spend 1/3 to 1/2 of their after-tax income on housing.
I spend about 20% of take home pay on rent and could cut back a bit. I used to save 62% of take home but now only about 48%.
@@TheyRiseBand what? No one should spend more than 25% on housing
What helps is that they made like $400k a year.
awesome...
Fantastic episode
People do indeed seem to wear perpetual business as a badge of honor. Why?? I agree with her that time is the ultimate resource.
Time is the most important and limited resource. Have you made a quit list yet?
I love your concept. 2020 goals. Do the Frugalwoods have a UA-cam channel?
I follow her on instagram. She's well spoken and witty :)
Gotta be careful with CarMax.
Hi
Is there a podcast for EF??? I can't find one. This would be great on a podcast platform.
Interesting
Shorter videos would be good
I had to stop watching , takes FOREVER to get to the point.....
Sarah Fairchild
after reading your comment I thought I'd hate this interview, but I heard it differently, they went from one topic to another, staying on point the whole time.
I agree......They spend too much time in the initial Intro. music.....they keep on dragging
You're simple-minded and have a short attention span. Not open minded enough to grasp. Keep consuming and move on... not for you.
Sarah Fairchild Hey look it's a squirrel.
I disagree with their mortgage payoff analysis. How many people are savvy investors? and the risk of the market ups and downs?. He said, a larger return, well there is also a larger chance of losing. Plus payoff mortgage save tones of money, guaranteed. I saved more than $150,000 by paying more every month towards the principal just in 5 years. Even my Vanguard investment hasn’t given me that kind of return. Invest in the market advise is extremely exaggerated but it makes people sound smarter when they talk about it.
Matt Tad. I totally agree - I will get a better return by paying off my house. I also have money I put into investments but I think both are a good idea if you can swing it.
You make a lot, you can save a lot. Poor little rich girl living on near to nothing AFTER she took her wealth and built a home (no mortgage) and paid other things off AFTER her huge income and THEN started her road to frugality. Start out with NOTHING and THEN try to save money. So sick of the me generation touting their success in the frugal world.
Don't get angry or sulk on others success.
Since you realized that this individual was able to achieve a high savings rate due to having a high income/disposable income, that's the first step you many be interested in replicating.
Change your financial situation. Take on more certifications or acreditions to move to the income that allows you to be happy.
The guest didn't just happen to become rich over night. For all we know her story started with nothing as you had mentioned. Don't assume the lack of effort or hard work someone has put in. That's just as bad as a rich person calling a poor person lazy...
Too many people want to get rich quick. Being rich is a mind set, you need to create value and be discipline with a plan.
Look at what this individual is doing and use what is applicable to your own life.
Each person has their own goals and walk in life. You need to reflect on what you want and take action on how you can get there.
Someone recommended this podcast to me. Psshh. I'm week to week dude. You all are talking about your rental properties and resisting paying off your morgage in full. This does nothing for us lower middle class-ers.
I really hate when guests dance around their salaries. Tell us your salary so we can relate to you. Otherwise I lose interest
...and sacrificing your golf and wine club memberships. LOL...pleeease.
I'm forced to be uber frugal due to my income at its highest is at $9,365 a year, while my worse is below $7,000. >_< Seeing rich people opting themselves to a life that I'm forced to live as is rather insulting in a way. Even with that stated though, hyper-consumerism and hyper-materialism is also destructive for any human being and I woulodn't encourage it either. I just think that if given a choice I rather pay someone to garden, harvest my food and treat myself to something new now and then.
I agree, rich people really don't understand or get it. Its not fun being poor & going without basics.
@@vivianp5962
Just a quick background.
When I was 20yo I worked for a major retail chain for 6 years, making slightly above minimum wage taking home on average 17-19k/year (pretax), forced to literally budget every dollar I had just to make ends meet.
I rented a small 8x10 bedroom from a family for $300/mon.
Went to college during this time racking up 20k in loans but never graduated.
@26yo I asked myself, is this all this is to my life? I knew what hindered me was my financial situation
I instead decided to go get a vocational degree, I was motivated and worked hard, upon certification I was hired almost immediately.
I was very blessed, but that was not by luck, I made it my goal to be more valuable than the minimum wage I was told I'm worth.
I'm not rich. I'm 29yo now, I still live like I only earn a minimum wage. But I had a plan. I got out of debt, reduced any nonnecessary expenses, saved AND INVESTED any additional income I had.
Last year I was finally about to buy my first home. I practice frugality to what is comfortable to me but would be considered extreme to most normal people.
As you had mentioned normal and rich people may not understand what being poor is like when it's not a choice but a lifestlye. But the great news for people like us is that since we do, we have that advantage, all we need is to get more income.
I have a savings rate of about 54% for this year, I live on about 10k/year not including my mortgage.
My coworkers make fun of me despite me trying to encourage them to save for their future, but each person has their own path in life they must walk.
I wish you the best of luck. Don't sulk at other people's success, instead take what is applicable and use that to better your situation.
@@milkncookie you are truly smart👍
A. You invested in yourself and didn't settle for a low paying job, you made yourself more valuable
B.You lived as if you continued to receive that lower pay and invest the rest
" Do today what others won't do to have tomorrow what others won't have" Les Brown
YOU CAN CONTROL YOUR OWN DESTINY. Don’t settle with your life. You have put up limiting factors for yourself
75% of what? How can someone get so popular and sell books without anyone questioning the mere premise of the whole hoopla!
Because she explains everything with detail in her web site and book. She even drops numbers.
You are judging basing on a podcast. She couldn't explain everything here. Search for her posts in her web. They really detailed.
@@anateresab.on.2372
No, no. They were intentionally obfuscation until their ego couldn't stop them from publishing under their own name.
When the truth came out they deleted any info they could, bit like Dave Ramsey and Pete Adeney, could not stop free discussion.
"Living frugally"
🤪🤐😒
very extreme...
Save 75%. What if you only make 25k a year? Kinda bs.
Laura Mroz People who save this way usually make a lot of money (tech people). The advice presented is still valid and valuable though. Even if you save 20-30% you are still ahead.
Recently came out they made about $250k+ during the journey.
Income is half the equation, which is something to appreciate about Mr. Money Mustache. He's straight up with how much he made and how it worked whereas as Frugalwoods fudged this by playing the role of "lady who needs moisturizer and has a lame wardrobe and haircut."
It's a shame because I'd have loved her for being eccentric with a great income, showing just how passionate she is to get her dream, but she sold herself as a superwoman, implying that their income was average (I figured $100k).
On top of that she just seems like a very cheap (not generous) person, advising people not to give gifts, taking a coat from a box for charity, and then scrubbing her site in recent weeks of not just criticism, but genuine questions regarding this new information.
Are you serious? About taking a coat from the charity box? That's awful.
Cheryl Fewell-Brown
Well, so she said. Maybe she lied about that, too. That's the trouble here.
the word is SACRIFICE. I live out of my car. I pay for cell service, gas, food and business expenses and that's it. Everything else is fluff and totally up to you.