HOW I BECAME THE MILLIONAIRE NEXT DOOR
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- Опубліковано 16 чер 2021
- I published my first money saving book on Amazon "Living On Almost Nothing". If you are interested, here is the link: amzn.to/3wTyedf
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I worked very hard at disciplined spending for five years and just became completely debt free at the age of 75 about 4 months ago, but I still just bought your book, not only to support a smart woman like you, but I know I will find some tips I can still use. You're a very good person and I thank you for all your informational videos.
I am debt free now,after 12 years,it took me a long time but proud of myself and lesson learned 🤞👍🍀
Fantastic job!
KM Congrats! I am going to follow your lead. Your actions answered my question: What can someone of an "advanced age" as my kids call me, do since I didn't get any financial education in my early years like PP?
@KM Writes very nice job. Wishing you peace, love, prosperity.
👏🏾👏🏾👏🏾
Since I found your channel, I have learned so much. I am so disgusted and embarrassed how careless I was. I wish I knew all this years ago. I had a horrible shopping addiction and it had been a month and I have made so many adjustments and I have paid off 2 credit cards just by saying no to restaurants and shopping for things I don’t need. I have been grocery shopping online at Walmart and Frys. I have a budget for groceries and if my cart is over, i start deleting stuff. Right now I am very unpopular with my kids. My husband loves the home cooking. I am trying very hard and it’s an adjustment period and it feels like a withdrawal. Now I don’t crave restaurants and I have lost 10 pounds in 4 weeks just by eating at home and always portion control. Thank you 😊
There is no time like the present. You can start right now if you want to and do it right this time!! Good luck!!
@@genxx2724 Yesss
@@genxx2724 Yes. Agree. 🙌
As I've always told my children, you don't pay the bills.
Don't feel bad. You are not the only one. At least you are making changes.
Absolutely love your message! I’m 64, debt free, two houses paid for (one is a rental), two vehicles paid off, and a half million in investments. My only regret is I didn’t utilize tax friendly retirement methods sooner. I love my life!
I am a single mom raising two children on only $15k a year. We are completely comfortable. My home is paid off. I am about to buy another property to live in and rent out my current home.
The property I plan to buy is land in the country and I will put a primary residence and a rental or two on it.
I have nothing (no cable, no internet, nothing). I have also bought bidets!! I am so happy I found you. Everyone thinks I am nuts but we live just as comfortably as my sisters family does ok 6 digits a year.
Finally! I found a kindred spirit!!!
Badass award! 🙌
$15K/year with 2 kids? I don't see how that's even possible. What do you pay for property tax? What about home owner's insurance? Health insurance? Car insurance? What are your utility bills? You have to be on welfare.
I love how open and honest you are about your life and your expenses. That probably is one of the reasons people appreciate you so much on UA-cam.
She's like Wonder Woman!
I am trying to learn how to combine credit Bills so i can stop sending money in 4-5 payments!
You're amazing!! Took me 56 years (and a long messy life) to be a minimalistic, debt free prepper girl!!
we seriously need personal finance to be a required course in all high schools. i took that class in high school and they taught Dave Ramsey curriculum and it changed my life. i see so many comments on personal finance type videos of people who are like "im age 60 and just learning about this, i wish i knew about this stuff at age 16". the formula is indeed very simple, budget, live frugally and invest consistently from a young age, or if you're older invest a large percentage of your income to catch up if you can afford to do so.
there are plenty of people making a great income of like $150k a year and they will never be millionaires because they blow every penny they make.
I think Dave Ramsey is great. The person who impacted me was Peter Schiff. I read his book Crash Proof and it scared me to death. That was back before the crash of 07/08, felt like I saw it coming. I do stack metals too, I've always thought they were great to diversify. I appreciate tangibles so real estate and farmland. I'm building a nearly off grid home on almost 20 acres. That's years of hard work, long hours, and working 6-7 days per week. And yes, I'll be growing my own food. Once you start down this path there's no stopping.
All schools offer accounting. Children just don't put it together, AND, it is the PARENTS job, not the school's.
They teach this in school in the past and right now. Not sure they stopped.
I work with kids for a living. The kids find it boring, dont pay attention, and dont care...now and even when I was a kid.
My financial education came from my parents not my school. I saw other kids with the good shoes and small apartments. My parents bought me cheap shoes from Payless, but they owned their own small home for 30 years and always paid cash for their cars.
We rarely ate out and used the cheap trash bags and flimsy toilet paper. But....like her, we vacation every year for 3-4 weeks at a time and never went hungry and they paid cash for medical school for me and my sister.
I agree: financial education is out there....in the schools and in the homes.
The sad reality is that people dont care. They'd rather be "cool" and keep up with the jones. To each their own.
I strongly feel that if everyone was educated on finance the men in expensive suits wouldn’t make as much money. Dumb financial decisions make for great profits! Why on earth would they educate the little people they harvest money from? I mean best we can hope for is to educate our children and cross our fingers and come to terms with public education system being what it is. That’s an real “bummer” as you’d say in the 1970’s slang.
@@CB29067 good point. I agree that the best we can do is educate the little people. A big part of our problem is that the "dark side" is too tempting for young unformed brains:
people would rather watch and emulate the Kardashians and their new G-wagon on TV, instead of read books or watch vids on financial advice, compound interest, delayed gratification and boring economics math.
I started contributing money ito my company’s profit sharing plan when I was 23, for every dollar I put in they contributed 3dollars. I did this while making 2.50 an hour. Anyway fast forward 34 years I had accumulated a 6 figure sum between my contributions my employers contributions and the compounded interest. I retired 8 years ago. I have no debt what so ever. I have no college degree just a high school diploma. I own my own home which has quadrupled in value. It is a good feeling knowing I can pay my bills and not worry. Just because someone makes a big salary doesn’t mean a thing if they spend every penny of what they make.
i’ve been working for as long as i can remember-worked at starbucks. got college for free through them at arizona state. started putting money towards retirement the minute i turned 18. my car is paid off. i am currently getting my grad school paid for by my current job. i work from home. my home is inherited from my mom when she passed away this year from covid (she was a nurse for 44 years) i grow a LOT of my own food. and guess what? i’m 24.
when i fuel my starbucks habit, it’s because i get gift cards for Christmas.
I’m so sorry about your Mom. But you will always know how much she loved you and trusted you by leaving you her home.
Your success wasn't a fluke, your mom passed on some life lessons for sure...sorry for your profound loss so early. You have accomplished so much so early. Keep up the great work. Don't forget we want to save, but we want to live too and enjoy the fruits of your labor. We can only do three things with money Dave Ramsey would say: Save It, Spend It or Give it away...and its good to do all three.
You are on the right path.
Sorry for your loss of your mom at such a young age. Just wanted to chime in and say you're doing a great job and off to a great start.
I am so sorry about your mom
When you said I don’t have to get away from my life because you created the life you want. It was so cliche but auch a light bulb moment and I am moved. It’s 7am I just moved into a new apartment and I said this has to stop. I have to get ahead of my wants and focus on my future. Thank you 🙏🏽 so much
I too became a millionaire and retired at age 56 by being frugal. NOW MY MONEY WORKS FOR ME! The secret is to decide at a early age and stick with it no matter what happens. I know crap happens, but you deal with it and then get back on track with your goals. In order to be successful at this you MUST be able to say no to yourself and others. Time is your friend when you start at a young age. Now I get to live my second childhood and it’s great. Like princess said, giving to charity is an important thing to do to show your appreciation for what you have.
PP, you are awesome. I feel like we are kindred spirits. I am so with you on the windfall thing. A coworker recently lost both her parents. She got a sizeable inheritance. She is in her mid-50s. She could have probably retired with what she inherited. What did she do instead? She and her spouse had a large, brand new house built. Their kids are grown, so it is just her and her spouse rattling around in the new big house, which sits empty most of the time while she is at the office and he is traveling for work. I will never understand 99% of people.
I have to commend you on starting young, it works wonders. My path was similar but different - joined the military at 18, invested 90% of my income (virtually no bills while enlisted), retired 12 years later at 30. No 401k or IRA. You don't need a million or more to be financially secure, I would say less than 500k can be enough. I think 12 years of frugal living was well worth it for a lifetime of not having to worry about money again. The part most folks can't handle is living beneath their means (not buying crap they don't need and getting in debt).
Agreed you really don’t need a million if you don’t live a luxurious life. What kind of investments do you involve yourself in?
@@unklecorky2181 same question here
@@unklecorky2181 I buy mostly stocks/ETFs that pay dividends. I am almost always holding several REITs (like O, OHI, WELL, LTC, STAG, etc). I try to spread things out so I have holdings in different sectors (real estate, banking, utilities, oil/gas, consumer goods, restaurants). You can find good stocks just by watching what most people spend their money on... like at a grocery store - KO, PG, CL, CLX, WMT. I set limit orders to buy and sell. While I wait for prices to go up I collect dividends. I also put some money in corporate bond/municipal bond funds - they pay monthly dividends and a good div yield (4-6% annualized). If you invest in things that people need (utilities, food, banking, oil/gas) it's hard to go wrong. If you invest in things people "want" you can end up in trouble.
I audibly said, “Yes!” when you talked about making a life you don’t need an escape from. I hang out with my dogs, volunteer with the dogs at my local animal shelter, am raising two young women, and we’ve been saving for retirement for almost 20 years! I love my home and can basically do whatever I want. What do I need to escape from?
Disciplined, consistent, and persistent actions are more of a determining factor in the creation of success than any other combination of things. I am glad i made the right decision.
Really? would you mind sharing?
Start with the end in mind. If you want to be a millionaire, talk like one, act like one, work like one.
The longer you’re not taking action the more money you’re losing. Reach out to Tamara Diane Hagan. She will guide you on how to become a millionaire. look her up on the web.
I just look her and i found her website. I dropped a message via her website.
Your advice is so accurate, but when it is things like "I started at 18," most of us think "well too late for me." And it's true. But it is still good to do what you can now. I would love to hear some advice you may have for people who are older like 30s 40s 50s who did not do any of this. Have debt, and want to start doing better.
I started at around 23/24. It’s never too late. I’m almost 26 now and before I know it, I’ll blink and be 30, then 40, then 50. Times goes so fast and it’s gonna pass either way so might as well start now 💕
I was a major spender for a very long time. July of 2020 I came across a video that made sense to me and since then I have paid off all my debt except for two items (house and student loans). I finally have money in savings, an emergency fund, and money set aside for upcoming events (birthdays and christmas). I have paid cash for recent purchases and taken a road trip vacation using cash. Although, I am still in progress to being debt free, it is people like you who inspire me to keep going and look for other ways to cut back. In one years time I have paid off 35,000 in debt! Is it easy? NO, is it worth it? YES! Thank you for the inspiration!
Well done you for realising what was wrong, AND getting on with sorting it. It takes insight to see one's mistakes.
Can you please link said video? Thanks in advance!
A very deserving millionaire. Very impressive.
🤔
I wish I had known about Dave Ramsey earlier like you. I was 58 and my husband had passed 4 years earlier leaving me with an enormous amount of debt and a much smaller income. I am now 68 and live in a paid for two family house. I have no debt other than a condo on the beach in Florida, which I will finish paying off in two more years. I also have a 6 month emergency fund and 300,000 in retirement accounts. I have tried to tell my children about Dave Ramsey and what I have accomplished in the last 10 years but they continue to live like there is no tomorrow. It makes me sad.
Congratulations Janet! I was also 58 when my husband passed, but we had worked together to pay off our house and save for retirement. I am forever grateful to him for his planning.
That's your fault you should've taught them better when they were children. You didn't build that foundation for them now they don't understand. Duh
Love Dave Ramsey too!’
I absolutely congratulate you for your discipline. Had I remained single and childless I might well have followed a similar plan. Once a spouse and kids are added into the mix all ones wonderful plans fly out the window. Not saying there aren’t frugal families, but for the most part there is a lot of struggle and financial angst for many reasons. I do love your videos and think you are one smart cookie.
IMHO, the reason why you are so successful at frugality is because you enjoy it. You make a game of it, ie: collecting shower water to reuse as laundry water. Most people would consider that lifestyle to be a burden rather than a game, but you, my dearest PP, are NOT "most people".
That is true. I do think of it as a game. The water thing is more because of the drought is in on the west coast. Trying to do my part
But that’s also pretty disgusting you gotta admit
@@LucasFernandez-fk8se Guess you've never been swimming?
@@carols8090 lol
@@LucasFernandez-fk8se Nothing disgusting about it.
"The Millionaire Next Door" is a great book.
I once went to a talk given by one of the authors. I enjoyed it.
I really enjoyed the book.
I want to be a millionaire by the time I retire. I started putting into my 401K a lil on the late side (maybe a lot). I don't think i will ever be a millionaire but at least i want to have 500k by the time I retire. I gave myself a choice between buying a home or investing in my 401k. I can't afford to buy a home here in California so investing it is. You're ABSOLUTELY AMAZING. I wished i knew at least 1/8 of what u know back in my younger years. I had nothing growing up and it seemed nice to be able to spend on the things u never had growing up. I'm in the 4th decade of my life and all those material things served nothing for me. I don't even remember what it is i bought 😔
Hubby and I have made mistakes for sure. Both been through divorces which are expensive - I’ve had bad back issues meaning surgeries and ending up on disability so no income from me for over 2 years, and no back up plan. We have been going through everything and making changes. You gave great tips - I do wish I heard them years ago tho! My kids do a lot better than I did when I was their age and I’m proud of them! A tip I got from my AC guy was to make sure the outtake is completely sealed (we live in Florida so do need it). Invest in a washable filter. I do some container gardening and have a couple small vegi gardens. I started growing squash and peppers and other vegis from the seeds of store bought vegis. I also regrow Romaine lettuce, celery and onion tops too.
I was a teacher for 20 years and also cleaned houses on the side. I put all my cleaning money into savings & a Roth IRA. And I became a super saver by living very frugally. My aim never was to become a millionaire, just to be able to live comfortably when I can no longer work. I do plan to work as long as I can, it is good for my mental & physical health! I wish financial education was taught to everyone before they became adults. I educated myself by reading books from the library and of course listening to Dave Ramsey on the radio. I know so many people that are living pay check to pay check, I honestly don't know how they live with that kind of stress all the time!
As a former teacher, I CANNOT imagine working the long days and then cleaning houses on the side. WOW!
Not only is this a frugal way to live but it would also save the planet if more of us did it. I love shopping for clothes at Goodwill. It's fun to seek out treasures, and you feel zero guilt about turning something back in when you're done with it if you only paid $4.99 to begin with. I wish I could show you the beautiful winter coat I just bought. Most of my favorite clothes were bought there. And bicycling to work made me feel like a cool kid again, and was the best part of my day. Past-tense because I also retired early.... at 50.
Congratulations 🍾 I managed a Goodwill store 30 yrs ago Uhmazing items ..
Approximately 95% of my wardrobe (dress & casual) comes from GW. Love shopping there. Can find some excellent items if you are patient and willing to look.
Me: she sounds like the female Dave Ramsey
**seven minutes later**
Her: I followed the Dave Ramsey method
Me: **does the chacha**
Four words: this woman is amazing. In the world we live in of tireless consumerism, I thoroughly enjoyed this. Nice to know I'm not the only one to truly appreciate the simpler yet more wholesome way of living. Immediate fan and loyal viewer. Btw.... Rocky is living his best life, what a cute hammie for momma's love at the end 🥰
Sorry, but thay was more than four words. 🙊🙈🙉
@@nonenone2669 Sorry, but "this woman is amazing" adds up to four words. "🙈🙈🙈"
She only followed the Dave Ramsey Method if she had two part-time pizza delivery jobs in addition to her main source of income. Sorry.
Dear Princess, thank you so much for your inspiring videos (wisdom, tips etc...). I am of frugal nature, but went rogue; that's about how I can describe myself. Before the pandemic, going out for expensive coffee and expensive deserts and expensive paper thin pizzas was part of my weekly life (yes, I DID cook, but allowed myself too many unnecessary outings). I hoarded food and threw so much out, but I am now planning a little bit more wisely, thanks to all of you ''grocery challenge youtubers''. One thing I strongly believe in is having enough money in the bank to survive at least a few months, should an unfortunate financial situation happen. But you can't eat money, so I think that we should all have some extra canned fruits, veggies, pasta etc... in a pantry (or under our bed or wherever...), unless we are farmers and, of course, have a guarantee of food in our backyard. I live in Canada, there are no low prices like you guys have in the States. So, at the end of summer, when peppers, onions, celery, cabbage etc... go down in price, I stock up and freeze everything (same with strawberries, blueberries etc...) in large zip-locs. No boiling first, just chop and freeze. When I prepare a stir-fried meal, no one knows the chopped onions or peppers were frozen, they smell great and tasted fine. I keep on telling your stories to my family, my mom thinks just like you (she's 82 and she was always careful not to overspend, sowed our clothes when we were kids, preserved tomatoes, stocked up the freezer with meat when it was on sale etc... and took us down south to Cuba only when we were in our teen years because her doctor told her her lungs needed some warm temperatures to heal). Thank you for bringing back a balance in my life.
It's never about how much we make, it's what we *save*. Don't let money burn a hole in your pocket, or have to have what everyone does.
We are quite similar. You are further ahead financially but I'm about 5 years away from debt free. Love this story. Good job!!
I love your no nonsense way id describing things you do. Sometimes we don’t need to know more - we just need to do the action of what we know we should do.
I'm also 39 and I really like watching your videos. I'm not financially independent, but my retirement fund through my employer is maxed out, and I'm also involuntarily contributing to a pension fund which will be the icing on the cake. I don't have any "toys" to speak of, and my wife and I are completely debt free. (We also followed the Dave Ramsey plan). Thank you for posting your videos. I really enjoy watching them!
I really appreciate your knowledge. I’m 55 and have some health issues and have not saved… I wish I’d have learned these things long ago. But better late than never. Being unemployed due to illness is no fun! But I’m working on it. Sometimes it’s overwhelming but I just keep swimming. ♥️
Same. I'm basically starting over at 55. Good luck to you!
That was so nice of you to donate your check. I love watching you.It is always a learning time but you make it interesting.Thanks for your work and time that you put into your videos.
My rescue dogs make my walls a home! There's nothing like their unconditional love and also giving them security that they might not have known before. I'm so glad Money Mom introduced me to you and I'm binge watching your videos!
Damn, you're impressive!
What a good role model.👍🏻
It really annoys me that we are taught nothing about money management and investment in high school.
It's vital.
Financial First Aid is ESSENTIAL, like food and water.
How lovely that you donated your $1800 to the animal rescue❤ I'm in Australia btw, I'm 60 and live very similarly to you, frugally. Alas, I have no savings or pension, if only someone had told me to save when I was young😆
Well played dear one. I, too, worked Uncle Dave’s program. Not gonna lie, one of my guilty pleasures is the look of shock on people’s faces when I buy a large ticket item (in cash). “We thought she was poor”. 😎. Like you my needs are minimal & my wants are even less.
Dave who? What did he write? I wanna get his stuff.
@@AstroMartine Dave Ramsey
@@AstroMartine Dave is over rated IMO. Basic info...live below your means, avoid debt, pay your bills. Common sense stuff, but he's made a fortune telling people these basic, obvious things. Go figure. I hope you don't give Dave any of your money for his "magic program". There's nothing magic about it.
@@AGhostInTheMachine Point taken. Dave Ramsey isn’t everyone’s cup of tea. I don’t support his evangelical views nor all of his particular investment strategies, however, I just listened to his free radio program, and practiced his “baby steps” as they applied to my situation. Never paid for his course, did buy a used copy of his Financial Freedom book for a $1 from an Animal Rescue thrift store. Didn’t anticipate a conservative talk show host on AM radio would teach this aging hippie baby boomer some financial common sense...but that he did. I gotta give him props for that. Just my two cents worth. All the best to you. 👵🏻😉
@@Whirrledpeas That's funny, the evangelical part is all I find of significant value. So you and I are of different perspectives, but no harm in that. Peace to you.
So proud of you starting early in your life saving your money. I think alot of parents do not instill this in their kids as much as they should. Thx for showing this.
That is great! Being able to retire early, but continuing to work in a field that you enjoy. That is life goals right there.You set the example, that living frugally with a modest income, you CAN become a millionaire. Investing is the key!
If you work without having to for the money you enjoy it more!!
Smart lady. I hope my daughter will watch this. Your fun to watch.and very good choices in life. I live my minimalist life and I’m debt free but I’m 71 and on a tight budget.
A good friend of mine was so tight with his money. We would joke about it all the time. He came by my office with a backache one day, and in two weeks, he was dead. He died with a net worth of about 20 million dollars. I say always plan for your future but don't forget to have some fun along the way!
I touched on that subject. I have plenty of fun
How old was your friend?
@@hondusspa 43
A person doesn't have to be a tightwad to become FI. I was very aggressive on the earn, invest side from 18 to 31 years of age but I lived along the way. Hunting, the bar once a week, road trips, always a really nice Mtn bike. The real problem is envy from others later in life.
I totally agree with your plan for your future but also have a little fun along the way. I actually enjoy traveling so I’ll book a trip once per year because that’s what I like to do and I also do not budget when I’m on vacation I just enjoy myself and then when I get home I pay the entire credit card bill. Yes, I’m frugal but not when I’m on vacation.
You lost about 99.9% of people at the "just dont spend it" part.
Yeah, self control is the biggest factor.
Well, like anything worth doing it takes effort...for those willing to put the effort in you get the payoff. You might not be as restrictive as PP but i too follow Dave Ramsey. I was doing Davish most of my working years. By 49 my financial adviser said you need to work to cover expenses till 59 1/2 but you don't need-to work in corp America..and be stressed all the time..so i left 100k plus for about 40k and i make my own schedule and have more than 1.6 million ready to collect in about 4\5 yrs at 59 1/2.......so even if you are not all in.....get in the game early....the earlier you start saving the more years you have for that money to build up.
I got a good laugh out of your comment because I think you're right
LOL.
YOU'RE RIGHT.
OMG, I'm in love, lol. You have a book?!?!?! I'll pick up a copy for my kids as this channel is pure freaking gold and we need this in our education system as required reading.
Congrats to you! I totally admire your strength and common sense when you were young, even though it leaves me like a complete idiot. When I was young I was totally clueless about money. It came and it left. My parents nor school education taught me anything valuable about money and I was lacking it over decades, even though I made real high salaries. Saving was always for the others. Life live now, right? Just buy it. Wrong! Since I am in the US, about 10 years, my attitude has totally changed. I save, invest and have no debt. Nothing. But that took me 56 years to understand that you don’t need stuff. What you really need is financial independence. Young folks, listen to PP and don’t make the mistakes I have made and so many others. Still love watching and learning from you. 🌼
Less than 50 seconds into this video Prepper said, “At the age of 18 years old I immediately started maxing out my 401K at my job that had a company match”
I don’t need to hear anymore, I believe that you are a millionaire.
When I was 25, right after the ‘87 market crash, I went to work for a financial advisor. I sat in the back room crunching performance numbers of mutual funds and index funds. I immediately decided that I would invest in Vanguard equity index funds and be as close to 100% invested in the market as I could stand. Yep, I am now a multimillionaire. This was NOT rocket science. The S&P 500 has a historical annualized return of 10%. When you are 25 years old and have the huge leverage of 37 years to retirement at 10%, yea, becoming a multimillionaire is what is expected.
Absolutely agree!! Time is most important to allow your money to compound!!
Yup! Yup! And Yup!
@@Dollsteak69 🙏
dido...
I love your videos, just found you today. I’m the perfect example of someone who has lived their life completely opposite to you and now at 68 I’m paying the price. I wish I had a friend like you when I was young! You are amazing!
Oh Yeah, never had a credit card either. My father taught me that if I cannot pay for something with cash, I cannot afford it. This principle has saved me a lot of money over the years. While the rest of the world worries and frets and freaks out because of the economy, and worries how to pay off the MONSTER debt they have accrued because of things they were CONVINCED they absolutely NEEDED, and now can't pay for, I just keep paying my bills and living WITHING MY MEANS. Again, great video!
NEVER EVER had to worry about bills, food etc, by NOT getting into debt - works every time.
The transparency you shared is amazing. Thank you for your wisdom. I will follow your windfall advice.
Thanks for sharing your story. I also started my 401k at eighteen maxed it every year and always lived below my means by choice and never looked back. I always had an allergy to being in debt and I am so thankful for it. 👏👏👏
I love your no nonsense, no apology attitude about living frugally and demonstrating that you're living WELL! Would love to shadow you and I'm not a crazy youtuber! 😂
Excellent video! Very similar situation here, minus the inheritance of a house. 38 and can now "retire" but am also going from a corporate rat race career to a more fulfilling public sector job. Didn't start investing until my early 30's and bought a house in 2007 at the worst time, but by saving, living simply, and frugally my entire life I have been able to still do it. It really is a simple formula, as you indicated. I follow Dave Ramsey and the FIRE movement. Also, I am lefthanded as well! Cheers!
I read “The Millionaire Next Door” in college. That book helped put me on the path to being a super-saver. I love living within my means and being debt-free.
A good book. I recall the author explained how many folks with very high incomes were essentially living paycheck to paycheck despite their supposed perceived wealth.
@@rockymntain that's what I call "living ABOVE ones means(income) or
I also loved that book!! Amazing how saving and investing is available to anyone who is listening!!
Me, too!!!
@@eckankar7756 🙏
I wish we had UA-cam when I was younger. I'm 57 soon to be 58. I have never known anyone who actually lived on a budget or knew how to handle money. Most of my relatives spend all they have an live on credit cards. I only came across Dave Ramsey at age 51 but we have been working the plan. You are really generous to split the proceeds from the sale of the house with your brother and aunt without deducting the costs of the improvement's you made. But in the end, it's better to keep the peace. You are set and it's best to keep the peace in the family.
Man, you are such an inspiration. I'm so glad you're able to teach this stuff via the internet, thank you so much!!
Another good video!
A couple of my friends got caught in the housing craziness... they sold their home to have the money to build another house and the price of materials then skyrocketed. So they're stuck renting until the builder decides he can afford to build their house.
Glad we were able to find our house and didn't pay more than it was worth.
Excellent and down to earth advice. My nephew is 18 now, and I made him sub to your channel.
Bless your heart, and all along I thought you were living hand to mouth. Good for you.
This is one of my favorite videos. You are so down to earth! Keep looking for ways to save on your taxes!
I recently found your channel and am learning a great deal of things. Love your message and no nonsense attitude. You tell it like it is. I enjoy this.
We paid cash for our home. Eveyone said you won't have tax break. My husband said you can pay interest or tax. Better to know your home is paid for. Thank god because he died at 45 and I had a 9year old to raise
nice if you have that much cash.....
Property tax is more affordable than rent right now.
@@land7776 absolutely started out slow saved. Definitely harder now days
@@alicea5 when has prop.tax ever been more than rent?
My late husband and I had a mortgage on a trailer on 5 acres, then later we moved and got a house and some acreage. Never when he and I were both working, I was working and he was not, nor now that I am alone have I/we ever been able to claim mortgage interest. That only works if you can claim more than the standard deduction, which you pretty much can't do unless you're running your own business and have a lot of deductions due to that.
Imagine if you had gotten a mortgage for the "tax benefit," only to find out that you likely didn't qualify for it.
My dear internet friend , please know that you and your channel helps me relax and feel better as I watch your videos. You are a JOY to mind and heart..I do thank you and I am just so happy to see you.. Please understand I say this so politely....Joy to you my dear friend.
I just subscribed to you today. I cried when I heard you donated to Animal Rescue. What a heart. Thank you, for sharing. ❤️
I have just found your channel and I love it. I have read about budgeting and saving but your videos explain it well and make it look fun. Please keep making videos! I also love the dog clips :)
Love, love, love you and your channel. You and I think a lot alike and have followed similar life patterns. I started a paper route when I was 10 and got my first summer job in construction at 13 and never stopped working until early retirement. I created a dividend machine through my investments. You are smart, principled and attractive. If I was 10 years younger I would look you up. I wish you continued success in the financial help you provide people.
You are fun to listen to and informative.
You worked hard to get where you're at. I'm extremely frugal as well. Thank you for remembering the animals. Thanks for sharing!
being debt free is such a weight off your shoulders, being frugal is a good way to feel like you are in control of your spending /saving... great vid , thanks!
Finally a woman who thinks like me. I switched to Mint also and am watching antenna TV ! Thanks for your great tips.😊
So they still have antenna tv?
I like that your Mom had a Living Will & Trust. My Grandparents and Parents did the same thing. I will do the same with my 36 year old daughter. Wish more people did it.
Way to go.....wish I had seen this video 20 years ago, but I applaud you for knowing how you wa Ted to live your life and sticking to your plan.
Good for you. I know that it can be done because I also managed it, although a little later in life (63). 100% debt free and living in a very nice home. You don't have to be a complete miser to accomplish financial freedom. I have had a wonderful exciting life while living below my means and now I enjoy a monthly income that allows me to be generous and drive my sports car and motorcycles any time, any place, for as long as I want. Keep spreading the word. Financial smarts, a good plan, and focusing on a goal will make it happen. TIME DOES GO BY and everyone should use it like it is the most valuable thing in the universe, because it is.
Just discovered your channel. Your dog is so adorable at the end! :)
As always, great ideas. I have always donated to charity every month and we were able to pay off our house and retire.
For someone who lives on such a budget you're very generous! I just found your channel and really dig it!!!
Your best video yet. Stunning. We want more!
That made me do happy to hear what you did with your stimulus check . I donated $1,000 to 3 different animal charities and the rest I'm saving for a motorized wheelchair . I also have 6 cats and a dog. They are my family. If my health was better I would go back to doing animal foster care. But that's no longer possible. I have so much respect for you for all you do for animals.
I said it was $1800 but it was $1400. I had to look it up
Well done 👍 am debt free too my house is paid off my car , no credit card debt 😊have 5 types of income , working on been the next door millionaire. Love the way it feels to be debt free .love your advice ❤️
Just discovered your channel, we are like minded, Princess! Your saving-minded lifestyle is apparent throughout your life story -thanks for sharing and teaching the rest of us!
Thank you for the video, awesome as always. Just a little feedback from the book I am currently reading - Rich Dad Poor Dad by Robert Kiyosaki. He had two dads in his life, one educated one - the biological one that always said that they don't have money and the second one, the father of his friend that educated him about finances. The second dad was rich, had a chain of stores and just few grades of school. Anyways, the rich dad told him to never say that you can't afford something because that shuts the brain off in being resourceful and thinking about ways to make money. Instead we should always say: How can I afford that? Then the brain starts thinking of new ways to make money and we get/accomplish what we want.
Love "How can we afford that.". It makes me determined instead of depressed.
You are where I hope to be at your age. I was never taught anything about finances growing up. Never had enough to do anything with it and there was never enough to budget, so I thought. I started studying the millionaires and mega-successful people to learn any tricks I possibly could. The key to them all is discipline. Just like you. It's not a hard or magical concept, but the truth is, most people don't really care to work for it. They want the easiest way, but ironically it just makes it harder for them in the end. We were torn this year with the stimulus. Part definitely wanted to pay off as much debt as possible, but then the other wanted to be as self-sustainable as possible. We went towards self-sustainability. Rain barrels, small greenhouse, seeds, solar power, etc. At least we can start offsetting the costs little by little and work towards paying off our debt from those savings. Taking care of our family and kids is the most important. Discipline, planning ahead, and perseverance.
This video is my favorite. I have always been frugal I used to see it as a detriment and now it is a blessing. It’s actually fun to see how much I can save per month and how far I can stretch a dollar. Thank you PP! Keep the high-quality commonsense practical videos coming..... we need them now more than ever!
I discovered your channel today for the first time, watched quite a few of your videos while chilling in the hammock, even more when walking the dogs, and I am mighty impressed with your saving/spending discipline.
I too shop at the local WinCo (plus Trader Joe's, plus Costco), and since my wife and I are vegetarians, we benefit from their low priced vegetables, but we still spend about $750 per month on food alone (plus another $250 on Trader Joe's box wine). I am hooked! Keep up the good work!
I was born in 81 also! Last of the Gen Xers!!! Great video! Australia is amazing! Visit the Golden Coast. And Nicaragua is awesome. My wife and I have been there helping a charity. Such great people!
1981 i was 17, in SilcnVly, I Also- Still Single w No kids, You are such a Successful Survivor of the Bay Area Dimension! Your a Joy to Learn From! Blessings Always to You and Your Beautiful Pup!😶🖖
When I heard you donated your stimulus cheque to animals, my respect and esteem for you went through the roof ❤
Absolutely
You are amazing! I get so many ideas from you!
Absolutely!!!👏 👏 👏
Damn
That's a "Good People" thing to do!! 😊
My aunt and uncle sent their stimulus checks to the grand nieces and nephews who were hurt financially by the pandemic (lost jobs etc). Complete surprise and very appreciated.
I applaud you for your wisdom! So many people live under the yoke of big debt. Learning to be thrifty is such a wonderful asset. I have a small business that grew out of a volunteer position. I saw a niche and filled it. I enjoy my life & my business. Living simple is a joy.🙏🙏🙏Thanks for your videos!
I LOVE IT when you explained the REAL WORLD.....love you and your honesty......not alot channels do this
You are really an inspiration! Showing this to my kids.
My older son opened his portfolio at 12 (four years ago) and this year opens his ROTH since he has enough income to max that out too, along with what he already invests. His goal is to be financially independent by the time he's 30.
Girl I love this video so much!! Thank you for the great advise🌹
I just watched this 3 year old video and immediately subscribed. I have overspent and overspent. While I make a good 6 figure income, it’s still very easy to live beyond your means. This video really made me think about retirement and saving and investing etc. It’s never too early to start investing and it’s never too little to invest. Good stuff! Oh and BTW, at the end of this video, you seem to be relaxing with your dog, sitting on the couch, dogs head in your lap while you pet and or comfort him/her. Just like to mention that having a dog brings so much happiness into my life. The love, the time spent, the taking care, literally of each other is absolutely Priceless. I believe in Karma! It’s beyond time that I start doing good things and saving money. I’ll be ordering your book and I wanna thank you for sharing your Life. It’s a great Life.
I have never met you, but this mother of twin 39 year olds and a 36 year old, is so proud of you!
Graham Stephan would be proud of you for making your coffee for $.27. Good on you for donating the $1,800 to the animal rescue! Started aggressively doing the stuff you talked about in my early 40s. Wish I would have sooner but am glad I eventually saw the light!
New subscriber! I started my journey last year. Downsized my 1600sf home to 700. Stop buying things that I don’t need, donate a lot of my furnitures and things around the house. Life is a lot more realistic! I have more time to myself, save more, and the coolest thing is I don’t wait for my paycheck to come in like I used to any more. I am 36! It is never too late.
Being out of debt is a great asset for peace of mind... In my mid 40s I started a new job reviewing medical records. One of the interview questions was
"why did I want to do THAT job?" [[bigger, unasked question was, Why was I willing to take that size of pay cut? How big of a cut was it? MORE than what the boss made an hour and he knew that! ... ]] I told them it was a chance to learn as I had never done that aspect before. Long story short- I stayed there for 3 years while I learned it... Then it started not being fun.
We worked, raised our kids, and saved money. We know people who maxed out credit cards and lost their homes. We know people who've had cars repossessed.
I don't understand why people with small incomes go to Las Vegas or Disney World. Tina
People with small incomes tend to justify these trips with the phrase “it’s only money, I need to be happy right now”. I have a small income, but I am a big saver and never buy more than I need. Sometimes I am too frugal, not cheap though.
Mind control MSM 📺🔌unplug to reboot your brain 🧠 to common sense its quite intoxicating This planet 🌎 profits billions from your PAIN 🚨✍🏻👹
They want lifestyle of the rich and famous so they put it on credit. Fools and their money are soon parted, then they ask for handouts from friends/fam 🙄
these are the same people who "blame the RICH folk" for their money problems.
My mom always said never buy anything noncredit you couldn't pay off tomorrow if you had to. CCs ARE GREAT FOR BUDGETING if you pay them in full at the end of the month. Save your statements in a looseleaf binder and you can keep years of documented expenses in very little space.Also kind of nostalgic to look back on years later to see what you were buying and prices.
Good thing about me is that I hate the whole travelling experience. I like to be in one place at a time. So I can't be peer pressured or guilted into wanting to join the jones just to have some IG pics to show off to their colleagues when they get back. Just another excuse to spend money unnecessarily, whats far more important to me is keeping that large sum of money in my pocket than taking that trip. Better to have the option of taking vacation or living how ever you want than to get short time pleasure and blow it as soon as it lands in your pocket. Your choice.
Absolutely!
Hi there. I love your videos, and am in the process of watching your scavenging and foraging video where you start it by mentioning how you are using earphones instead of your usual microphone. I could not leave this comment there, as comments were turned off. Where I live there is nowhere to forage (middle of nowhere, on the prairies), but thoroughly enjoyed being taken along on your journey, and learnt a lot about how much one could make collecting bottles and cans, how fruits may be growing naturally, and picked to take home, and how the refuge of others can be others’ treasures. I also particularly enjoy your food shopping/cost saving videos. You have inspired me to work harder at saving money, and becoming more creative in how I go about it. Thanks, Corinne
Gracious of you to take the brunt of the bills for your mom's house out of your share instead of splitting it three ways. I'm 49, newly divorced so I'm starting over and definitely listening to your tips!