My Frugal Secret To Achieve ANYTHING Financially
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- Опубліковано 25 вер 2024
- And it's actually realistic!!
Good Reads:
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Your Money or Your Life: amzn.to/3SRhy14
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Money is not complicated. Frugality and minimalism are the main tools that will allow you to gain financial control over your life; however, in addition, there is another tool that will allow you to achieve anything financially and it is called "Delayed Gratification."
Delayed gratification is simply "The ability to wait to get what you want." And it is my frugal secret to achieve anything financially in your life. In this video I share "10 Reasons to Seek Delayed Gratification."
1. Nothing Worthwhile Comes Quickly
When it comes to money and finances, we want things to happen quickly and with little effort. When we seek this route, however, it rarely works out. Nothing worthwhile comes quickly because when something comes quickly you have little understanding and appreciation of it. Delayed gratification works because it is slow.
2. Achieving Any "Dream" Is Just A Collection Of Tiny Decisions
I have been able to achieve many dreams in my life and what I have experienced is that dreams are just collections of many tiny decisions. We make many tiny decisions every day like if we should spend money or save money, and all of those tiny decisions add up to something bigger. When you achieve a dream you understand what it took to get to that point; however, other people will view it as one single thing. All dreams are connected to money and are just collections of tiny decisions.
3. Instant Gratification Is Usually A Curse
The opposite of delayed gratification is "instant" gratification. Many people seek instant gratification wanting things quickly and with little effort. And although instant gratification can give you gratification it is short lived and usually followed by a negative outcome.
4. Delayed Gratification Works 100% Of The Time
Delayed gratification has been a strategy that I have used that has allowed me to achieve many things in my life. Delayed gratification, however, is a very slow process where you won't be able to reap the benefits until far down the road. In my experience, if you are patience and consistent, instant gratification always works.
5. Delayed Gratification Is Realistic
In the personal finance community, many people speak about things that the average person is unable to accomplish like risky investments or real estate; however, I believe that this is not realistic for the average person. Delayed gratification is extremely slow, but it is the most realistic route to achieving anything financially.
6. Delayed Gratification Makes Money Easier
Money is not complicated. Many people avoid personal finances because they believe that money is very complex. Money is just basic math and if you know basic math then you can be an expert in personal finance. Delayed gratification involves waiting and being realistic, and, although it is boring, it makes money easy because you do not deal with loans, payments, and debt.
7. Delayed Gratification Give You The Ability To Hold On To Something
When something comes slowly, you learn many things along the way. On the journey you learn appreciation, patience, and how to hold onto something. When something comes quickly, you do not gain those skills. Delayed gratification teaches you how to hold on.
8. Delayed Gratification Is Sustainable
Instant gratification is not sustainable. It gives you quick bursts of gratification, but is followed by stress, worry, and uncertainty. You cannot live you life constantly seeking instant gratification. Delayed gratification is a sustainable way to live you life.
9. Life Is Nothing Without The Journey
Life is about the journey, not the destination. The journey is so important because that is where you develop as a person. Delayed gratification is a journey that will not just benefit you financially, but will also benefit you as an individual.
10. The Sacrifice Is Worth It
When I speak about delayed gratification, people often think that is a life of deprivation; however, the path to instant gratification is, in fact, a life of deprivation. When it comes to finances we often hear things like, "Treat yourself. You deserve it." Treat yourself with options. You don't deserve a life where you are constantly trying to catch up from the negative outcomes of instant gratification. Seek delayed gratification because the sacrifice is worth it and leads to a richer life.
Unfortunately, I lived my life for instant gratification. Now I'm 73 and have learned the hard way that delayed gratification is the way to go. It's never too late to start over! Thank you, Agustin!
that was me!! i am now cleaning up my messes at 59 years old! we use no credit. if my debit card can't cover it then we don't buy it!
Never too latw
I too am 70 and just learning this. How I wish my parents had taught me this...I suspect they did not know.
I read a good quote in an article about frugality the other day:
"I save where I can so I can spend where I want"
That hits the nail on the head!
Wow loved that....very. balanced
Love this❤
I think delayed gratification isn’t boring. I love being frugal and see what I can do with my money instead of just wasting it away. It’s like a hobby 😊
Same here. I think it’s fun to keep challenging myself to see how little I can live on. My life is so peaceful now! I was able to retire at 58 and enjoy watching the birds and squirrels in my backyard.
Mine was a house and car fully paid off which I achieved at 51. The house is 3 b/2bath it was a foreclosure with no heat, broken a/c and a hole in the roof. 45K. I worked 3 jobs to put in new roof and a/c and gutted the bathrooms (well that is a lie I paid someone) Finally having heating and air and a new roof was worth it. I took every shift out there. Car is 22 yrs old no payments with 207k miles (honda) I still work 2 jobs because I love money! I am 100% Irish and miss backpacking through europe so that is what I am saving for now. house is worth $200k now as Greenville, SC is booming. But all those days with no a/c - talk about delayed gratification, I get it!
Amazing 👏
Congratulations !
I am in a similar situation in Florida.
Basically paid for
Fixer upper home
No A/C in the South is brutal !
Leaking Roof
Needs new kitchen and bathrooms
If I do nothing I still made money on it.
Simple living , simple pleasures , minimalism and Freedom .
God speed and Slainte !
Austin, you must have passed “the marshmallow test” with flying colours as a kid. I learned about it doing a psychology course. It’s so true, delayed gratification works. I’m using an iPhone 7 at the moment, it was a big jump from the iPhone 4 and when it’s exhausted itself with all my ramblings, I’ll probably go for an iPhone 11, but I think they are up to a 14 now in production, Im not in a hurry. I buy a car a few years old and keep it going as long as I can, my son was in preschool when I bought my last car and I only replaced it after he graduated his high school. My parents are the same, they bought their last washing machine in 1988 and only replaced it last year!
I want patience and I want it now!
🤣 .... 😭
Yes! Delayed gratification is so important in all aspects of life: you can't eat everything and anything and not work out and expect to have a decent body (it takes time), you can't have a decent corporate job without having to go through school first (it takes time), you can't marry the love of your life without nurturing the relationship first (it takes time), it goes on and on... Funny how this is such a difficult concept to grasp for some people. Patience and consistency win every time.
I recently realised it isn't delayed gratification though. Now Im saving, even though Im not spending the money, wow do I feel powerful and free and its an instant feeling.😊
Again inspiring. A tree doesn't produce fruit over night.
You are so ahead of 90 percent of most people.
Coffee with Sr Augustine…. At 62, I have to balance doing things NOW and making sure I can do what I need to do later. I still have some dreams and bucket list items to explore and the time to do them is running out. I’m set financially but I’ve seen people with more than I have “blow it.” I’m not going to be that person. I practice “enoughism” and I think that is a sister to Delayed Gratification. I applaud you and and meaningful, applicable messages!
I'm with you 100%
This post brings up great points.
People had lost the sense of enough. Consumerism it's a sickness that take our sense of satisfaction away, people don't get satisfied , so they keep consuming...no sense of satisfaction in food made overweight society that leads to do many diseases: cancer, diabetes, etc, so it makes more money for the pharma mafia, no satisfaction in our mind creates overthinking that leads to mental illnesses, again it means nor money for pharma mafia, no satisfaction in our heart it leads to looking for love in wrong places and people (we lost time and money), no satisfaction in our body leads to the sense of being accepted by the way we look, people die in diets and gyms, no satisfaction in our soul lead us to a feeling of being lost...so we jump from one sect to another, the result it's the stolen of our soul, SO PLEASE BE SATISFIED OF WHAT YOU ARE AND WHAT YOU HAVE, DONT GET ANY BETTER( if u know what I mean).
You're absolutely right, unforunately I discovered these truths just approx. 1 year ago. It was the time when I switched to the "minimalist" lifestyle. (I am an 58 year old man). I got rid of about 90 percent of my stuff, I live in only 14 square meters (this includes the bathroom) but I still feel like I have too much stuff, because my goal is to fit everything I have into one - albeit large, 100 liter - military backpack. Although I haven't reached this goal yet, I'm pretty close. And I also follow the "delayed gratification" method, because I plan to work for another (maximum...) 10 years, then I will "retire" and live off my money, but FAR FROM CIVILIZATION! Practically in the wild. Without electricity. And in these 10 years, I use my free time to learn all kinds of bushcraft tricks that will help me survive...
This is my big goal. Anyway, I already live quite like a wild man, because I almost always eat raw meat and offal - this has had a very beneficial effect on my health anyway.
Every high school should have a class on this, and have a trip planned for summer months that only those who practice delayed gratification can take!! No help from parents...
I'm a long term proponent of delayed gratification. What you've said here is helpful & important for almost everyone. I've done OK reaching my goals by delaying my immediate gratification. I have one caveat: don't delay too long. Have a plan with a realistic timeframe. I'm 72 & some things I would have liked to do are too late & Covid pandemic put a damper on some things I still hope to do. Just keep time in mind & plan for what's most important to you in a long range timeline.
I agree with you and another is to take those holidays/vacations (they don’t have to be expensive) with your kids, they will give you some of the best memories plus they’ll have grown up and left home before you know it!
Excellent advise. Don’t delay too long.
Great advice! 👍
the wise stores up choice foods and olive oil,but a fool gulps theirs down
Proverbs 21:20
Wealth gained hastily will dwindle ,but whoever gathers little by little will increase it
Proverbs 13:11
Thank you young man for your motivation!
Truck driving took that ol travel bug a long time ago lol.
Advice from the old, to the young. Listen to this young man.
I figured out how to change the super thanks amount by sliding the unlabeled bar. Thanks again for your excellent videos! :)
Wow
Wow! Thank you for your support!!
Wow!!
Wow!
Thank you Austin. Your videos are not just about frugality, but more about pearls of wisdom that this world is in desperate need of. Your continous insight is truly fascinating. May your efforts reach multitude of suffering humans.
I learn something every time I watch your video.
Right on! I learn something everytime I write a video!
To be as young as you are and just quit work, could be dangerous in the long run
As you get into your 40s it’s hard to get back into the workforce. Then at 62 if you didn’t pay into the system you’ll have no social security So I take it you have made wise investments to pay and keep you into old age. Trust me it comes quickly!!!
Love all your videos. Saludos guapo
Hello from Canada 🇨🇦. Enjoy your content. Thanks
Dear Austin, I've been watching most of your videos for several months in a row - each and every one is helpful and inspiring! I've just had the idea to show this video here and then recommend your channel to my grade 13/A-level students as kind of a 'farewell-present' to hopefully help them make some clever financial decisions right from the start when entering their after-school, i. e. work life. Thanks for sharing this valuable content! Greetings from Germany:-)
haha, very cool! Thank you. Tell them I hope they have a good "trip" as I know it's the norm to travel somewhere as a class after graduating in Germany!!
A very wise message! It reminds me of the fable of the tortoise and the hare. Slow and steady wins the race. I'm glad you persevered with your You Tube channel.
Thank you again for another Great video!
You are so right about delayed gratification, especially when you practice Minimalism. Since I don't have many possessions, I dream of my next trip and then save up and pay cash for it. 90% of the thrill in reaching our goals is truly the journey of getting there! So many people go on vacation and spend the first half enjoying the experience and the other half dreading how they're going to pay for it when they return.
Thank you again for your wisdom and insight!
I’ve been thinking of retiring overseas and buying a house in France all cash. I could do it now, but must save more so I can be in a better place. Delayed gratification also allows you more time for research and planning.
There's so much pain in our society, that's people need instant gratification to get thru it. They are just compensating for something that's missing. They need to fix the problem and not the symptoms.
I don’t have a dream. Only fantasies that are unattainable. Perhaps I might find a dream to be frugal for. Since I’ve been watching your videos I’ve become frugal and delaying gratification.
Since I started watching your videos a couple months ago, i’ve cut back on so much useless spending. Instead, I’ve put that extra money towards paying off my debt. My credit has jumped up 50 pts already ! Hoping to be CC debt free by the end of this year 💪🏻 Thank you for your videos, keep doing what you’re doing!!
Things you own, end up owning you. Tyler Durden.
Good quote!
Thank you Austin, loved that picture cuddling with a sloth!
It was a great moment! They love to be held and are not quick to go anywhere! We could all learn something from sloths!
New drinking game: take a shot every time Austin says 'ladies and gentlemen' 😂 great content as always, love your videos
If we were drinking water we'd be pretty hydrated.
Fantastic video. My 10 year old son was mesmerized.
I do struggle with delayed gratification, but I’m getting better. I am learning that all the tiny steps add up eventually. Any goal can be reached one dollar at a time. 😊
True, I learned a lesson by closing my Roth IRA and then realizing that was a mistake years later, hopefully all of us can learn from mistakes made only once and not repeat the same mistakes
Well said! It really hits home. Sometimes we need that reminder that life can be much simpler than we make it. Set spending goals that will add value to your life.
Inspirational as usual, some things to think about and a positive message.
Thanks Austin great inspiration. I find setting a goal is the best way to keep on track and remind myself why I’m delaying gratification.
Genius! I'm building up this though in my mind that buying up a bunch of crap and keeping them around the house is key to misery so I'd like to live a frugal life going forward ppl judgement be damned,
Thanks for the video!
Ready for a positive morning,having for breakfast 🍳 your words, with coffee ☕️
lol, makes me happy!!
This is a good lesson for everyone! (Of all ages)
Another great video! I hope you are also compiling a book with the content of your videos. Chapter 1: The blessings that come from delayed gratification. Thank you for the inspiration Austin! I see great things for you. :)
Thanks!!!
@@ElAgustin I agree with Gayle!
I am binge watching your videos. Glad i found you
Tiny decisions that amount to the big picture-simple but very smart!
I've watched loads of your common sense videos Austin. Reinforcement is hugely valuable.
Thank you for your channel. Very inspiring. and good advice. I definitely can be more frugal. My wife and I are leaving the country to live in another where the cost of living is 1/3 my current. We are in our 40s and hope to reach financial independence soon!
Hi Austin! Excellent words of wisdom. The end goal is so much sweeter when you've taken time to plan and save. It's another way of taking good care of yourself. 🌻
Exactly!
I had been saving for my dream home for 10 years but the house prices were rising faster than I could save so I just went for it and took out a big mortgage, I'm frugal it was a tough decision.
In the current climate this has backfired massively I have to sell the house now as its unaffordable. I will retreat and learn to be happy in a modest cheaper home I guess. I enjoy being frugal or as I call it being a tight arse
What happened?
@@MT-yx5cu My business revenue dropped 50% due in part to the current cost of living issue and then on the other side household bills and mortgage keep increasing so I'm being squeezed hard
I am 60 and I got this.❤😊😊
Hi Austin, I'm from the Philippines. I love your videos and been binge- watching it. More saving tips please🥰
Yay pilipino here from Florida.
On the way!
Amen!!
You tell us brother!!
My husband and I are switching to solar energy. He's installing it. Every year I save and order another pack of panels. He works for the Philadelphia Housing Authority. Last week he called me and told me he was called to clean up an apartment where the guy had a huge solar battery and 6 cases of panels. He had been forced out of the apartment. I won't give you the details, but we now have enough to switch, but he has other responsibilities, so he can't install all of it yet. My gratification will be delayed, but that delayed gratification will cover our solar needs. Our electric bill will become $0 soon. I also have a Yotta account. With Yotta you can categorize your savings. I have medical account, vacation, and so on and so forth.
What is a Yotta account?
I gain something valuable from every video I watch that you have produced. thank You!
Austin - thank you so much, I love your videos. You’re incredibly inspiring.
Can you make a video about financial minimalism while having small children?
All the best.
I always look forward for your next videos. Just started to learn delayed gratification 1 year ago and it’s working.
Love your videos, I have been also some kind of frugal all my life and it´s good to see I am not the only one thinking like this, you explain all the concepts with amazing clearness, great advices, I can say my journey paied off even more now with all this inflation and what is coming soon...saludos desde Portugal!
Absolutely love your philosophy brother. Keep up the good work Augustin! 💙
Great advice! This is how I live my life daily. Ps.. same principle applied to the romance Department make such a strong connection💕👍
Delayed gratification is so powerful 💪
Great video Agustín
Yes!
Thank you for passing along this nugget of wisdom.
Austin, I have been watching your videos over the past couple of months. Your presentation is absolutely superb and the message you send is absolutely correct. If all adopted minimalism, the world would be a richer place…….excuse the pun ❤
Thanks!!
Good one Augustine, keep it up. Thank you for the daily dose of motiation.
Delayed gratification also applies to relationships. Wait a good while until you really get to know that person, don't rush into commitment or having sex. You will be happy you waited.
Dating same woman 3 yrs and I'm still training...
❤
I’m getting it together slowly but surely Sir Augustine. I have been practicing delaying gratification to travel more.
I'm 62 years old, unfortunately I was not as wise as you are at your age. Now I have got some wisdom and I know you are right. Great video as ever
Mr Augustin. Thank you kindly for your videos. They are really inspiring and make me feel happy 😊 I have trouble finding the bright side but you certainly help with your content. Have you considered writing a book? I would buy an autographed copy!!
haha, thanks! Maybe in the future! Making these videos is really helping my writing though!
Agree 👍👍👍💯
Frugal lifestyle is the way to go.
I Save 6 months then I invest in Gold Builions.
I have 2 Passive incomes
I Save Emergency Funds from Active income Job.
I own Net Cash Small Car 🚗.
I own house 🏠 3 bedroom house also Net Cash
Excellent 👌 way Delayed Gratfication
This video is priceless! Also find out what we're working for; what are we doing this for is a strong daily motivator.
Right on. Thanks!
i love your videos austin........
So much good info! 😊
He who spends what he doesn t need someday he will need things he cannot buy
Love that!
Hello Augustin, can we see more of your travel pictures? What place will you go next? What Strategy are you using now to achieve this next vacation?
Congratulations on the 58 th video!!! I just love your channel and I Love watching it on Sundays because the message is fresh in my mind for the whole were.
I totally agree with you!!! YOLO destroys our budgets.
Thanks, lots of thinking to make 58, haha
Agustin! you hit the nail on the head again! You add value :)
Thanks!
Great video again, also is good firstly realise any negative emotions about the money, otherwise safe money will be tough..
As an Australian we use BODMAS or BOMDAS (Brackets Of Division/Multiplication Addition and Subtraction).
Loving this video ❤️ I could listen to u talk all day! Ur soooooo good! 👍👌 Thanks! 😁
Aweeee, thanks!
Thank you. Take care.
I agree all that you said. Thank you so much. Great 👍 job.
My whole life is one long wait for gratification these days. :D
Well said, and you did mention "INFLATION"! Don't wait to long to go....... Prices everywhere are going up!
Cajun!!! Are you following me or am I following YOU?? Good to see you, Ranger Cajun!!
@@rhondalyn100 GR-8 minds come together! Bless you, gurl! Cajun
This align with what I have been doing🥳😎I am in the right path😀
Absolutely true.
Learning so much here 💪👍
the problem with human being well most ppl is when we have easy access to certain things we get addicted to it and we go to far most ppl dont know how to keep a balance
Delayed gratification is like wine. Do you want to harvest a small yield of small & sour grapes the first year or so of growing or wait a few more years until you have a plumper and sweeter higher yielding grape. Deciding on the conditions and strategies to "reap the rewards" takes planning and time. Instant gratification can be sour grapes.
"Why zig when you can zag".
Plants don't grow in a day!
Thank you!!😊
Very true my friend, everything you say is very poiniont
Happy Sunday Augustin! Always great to see a video from you. I guess you're back from your trip? What happened to your car?
New engine. I should get the car back this week, so i can make a future video.
Me gusta el Agustin
I'm so happen i find your channel!!!!
I'm happy!
Love your videos, super refreshing! And you're very handsome too may I add.
Mustache or no mustache?
@@ElAgustin Mustache!!
@@ElAgustin Yes, mustache!
PLEASE MAKE VIDEO ON YOUR INVESTMENT PORTFOLIO AUSTIN.
Dude your spot on great video
God your amazing! Wish everyone would do this.❤
Please consider the buy me a coffee option. Thank you.
I will create it shortly. I completely agree with you on Super Thanks and will get to it shortly. Thanks!!!
It feels better saving for something than getting it on credit.
Live dangerously Agustin! 🧡 🐪
You help me to remind my dream. To go in space I did not realize I can save and go if they still allow people to go. :) my dream is that
I'm 61all my life I have been. REASONABLE....as too spending ..I will retire at 62.....I tell all...stay away from all freeloaders. ( including parents).. all who are not. Accountable..ect...and you will. Be just fine...who ever does not want to carry their weight...let them go..
What do you think is the alternative to the drive thru or takeout food. I'm interested in frugal eating and budget shopping. However some people really don't even know how to boil an egg
If you put a mirror on that empty wall you have at the bar area; you'll bring in light, and make your space look larger.
So, do you own or rent, have dividend investments, $80,000 for a young person such as yourself without an income won’t last very long??