Lower Your Desires and Quit the Rat Race
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- Опубліковано 22 вер 2024
- Being frugal allowed me to retire much quicker than normal but it's not about pinching every penny there is. One huge general idea that I naturally gravitated towards was not to buy into high-end luxury brands. While sometimes, they can appreciate in value, much of the products will not earn you money by owning them. Overall, the lower the desire for material things, the faster you can quit the rat race.
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Owning more expensive items will lead you to worry about how to protect them from others who try to take them from you. More worries lead to more health problems. Live simply and sleep very well at night with no worries/stress.
Carrying too many fancy things is a security and health risk. Even leaving them at home is a risk also.
@@BeatTheBush def...woulda never bought a Tesla if I weren't in CA (Bay Area). Anywhere else in the country, you're a target. It's become the CA-Camry...they're everywhere.
A girlfriend/fiance/wife will mean so much expenses that almost no chance of Early retirement which is why most couples never achieve Financial Freedom till 65 years old or later. I know this is offensive these days to point it out. Just have casual dating and use birth control pills and protection. Each child will cost $250,000 over a lifetime and much more now due to inflation.
@@RickMartinUA-cam or like when you have a nice car, you worry about it being scratched by someone.
I left the rat race and retired four years ago at age 31.
Just eat less, stress less, have less and want less, then you'll be blessed with all the best without worrying like all the rest.
Nice! Congrats! Are you living off savings and dividends income?
I'm feeling guilty for retiring at 57! Living off a small savings till social security at 62
Hey why don't I just got and eat some hay. I can lay by the bay, make things out of clay, I just may, what'd ya say?
I started out on my own at 15, living off $0.20 top ramen every day, freezing in the winter, no hot water. I worked hard, believing that money was the score by which the game is played and won. Now, I'm a multimillionaire (doesn't mean much anymore). What I found is having luxury clothes are an empty reward, watches, shoes... not of that really means anything. Now, I buy work shirts from walmart, basic jeans... decent boots. My cars are used, because in the end, it doesn't matter. BTB is on the path to self actualization. He figured it out before me (same age). Having a big house and the money... by all metrics of the system, I've won. But, I don't feel like it. Now, I just feel like cashing my chips, buying a house 1/10th the size, living simply, eating simply, that might be a more fulfilling life.
Whoa... on your own at 15? That's insane. There is a certain allure to tiny homes, less to clean. If I live to actually sefl-actualise, I think I might glow. Hope to get there.
@@BeatTheBush Not by choice, they just up and left the state. I knew getting sucked into the foster system would be its own kind of hell. So nothing to do but finish school and work at night at the grocery store until I could join the army. Typical American family.
I think a house in Cozumel sounds pretty nice. Skin diving for lunch ever morning. Small two bedroom house on the island does not cost much. Having loads of 'things' is not the answer. Its like winning the maze just find out the cheese is plastic.
It'll take time to find a good balance, if its even possible. Also, I don't think you should feel bad about what others consider as rules of how you should live. If you want a Kobe steak once in a while, there's no reason to feel guilty about that just because someone thinks you should live a specific way. These channels, how you live, I have a feeling its just your personal path to finding out what you really want.
Glad you made it
What's your age now?
@@_reki 41
Only times you should strive for more is in workout routine, weight lifting, self-improvement, books read, knowledge gained, skills attained. That's it. Material things are not hard to come by at all. I drive a $1,400 20 year old car. I used to drive a $36,000 Challenger. I sold it to help pay off all my debt. Housing is affordable. If you're willing to be satisfied with a small house or apartment. My expenses currently do not exceed $1,500 a month. You can get a job at Walmart for $16 an hour. No skills. People are just making excuses if they can't afford to cover their bills. Excellent points in this video! Highly needed in America today!
Lower material desire, but before we begin here's a shiny new modern desk! Love your vids and that was just funny.
Free gift
Desk is one of the more necessary things especially in the progression of work from home.
@@genwunner6783 And I do not disagree with you on that.
A girlfriend/fiance/wife will mean so much expenses that almost no chance of Early retirement which is why most couples never achieve Financial Freedom till 65 years old or later. I know this is offensive these days to point it out. Just have casual dating and use birth control pills and protection. Each child will cost $250,000 over a lifetime and much more now due to inflation.
I don't know how people do it. I don't buy much of anything fancy, the only thing I really splurge on our vacations which help motivate me to keep working towards FIRE. But after just 10 years in a corporate job I'm getting burned out, and think COVID definitely amplified it.
But I agree, there are things we need and things we don't need. Just because someone needs a car to get to work, doesn't mean they need an $80,000 car.
Thanks for the compliment I always try my best to bring the best to the best to the table .Kindly leave me I have something big I want to introduce you to🔝
Owning expensive cars is stressful, yes they look great, sound great, and drives great. But I constantly worry about parking situation, what if someone might hit it..etc
Yes. The more expensive, the less number of areas you can comfortably go to.
No kidding. Scratch a head light and it'll cost >$2k to replace. >$200 for an oil change. I've only ever owned a new car once in my life.. it was destroyed in an accident and I learned my lesson. Only used for me. Pickups because I haul a lot of material. Don't need to care if it gets dented or scratched.
Human want is in-searchable that's why it's that way, in 2020 when I started making $5000 weekly from stocks I felt I was doing really good, sometime I march it increased to $9000 I found out that my taste changed in almost everything, my choice of house and car down to my toothbrush.
You pushed yourself
I want to learn how to invest in stocks
You can all reach me through my mail
behithabellecourt@
gmail.
Good brief description of the hedonic treadmill and Maslow's pyramid. There is so much more here to unpack to help us with our goals and true happiness. Second, if you never splurged on wonderful meals or a nice car, wouldn't that show a love of money over life experiences? Sharing an amazing expensive meal with someone close to you creats a beautiful life experience that has far more value than money! An expensive car just reflects your admiration for technology and engineering and is basically just self expression. What have you been drinking in that boba plush? So deep! Your namesake is speaking to you! Keep them coming Francis!
That's a good point. If you actually use the money accumulated, is that loving money? You hear of the witch of wall street who is super rich but doesn't spend any of it. But what about someone who earns six figure but spends six figures a year?
You can have Materialism while earning money, it's called building a Shop or a Factory.
Is that a new bubble tea plushie? I still miss the three pea pods though!
Yes! As it turns out, I enjoyed those peas in a pod for a good few years before the novelty wore out.
Best thing I've ever done for my mental health right here.
What we really want to do is what we are really meant to do. When we do what we are meant to do, money comes to us, doors open for us, we feel useful, and the work we do feels like play to us. --Julia Cameron~~~
The more active a person is, in the participation of activities there’s no end to the accumulation of stuffs
Like endless sporting equipment accumulated?
@@BeatTheBush yes,
Golfing, Mountain Biking, Fishing, Hunting, playing Music, Collecting Cars, Gardening, and all the stuffing in the Mancave
And have delayed gratification, it is key to investing.
just a thought about the esteem.. if it is important to you but you want to be more frugal think about the bang for the buck. wearing a $100 shirt will (in most circles) give you not a lot of extra esteem. if you were wearing a $100 shirt and a coworker paid for your lunch because you forgot your wallet and you paid him back the exact $7.85 that he spent, he would more likely think of you as cheap than if you were wearing a $20 shirt and paid him back $8.
True! How about those Supreme shirts? I can never understand that since I don't know anyone that would be impressed if I wore it.
@@BeatTheBush Would be more impressed if you wore an old Tshirt, worn jeans, but I knew your house was paid off.
Good analytical point, the more richer you appear the greater the expectations for your generosity from others, works against you in the end 😁😁so wear the cheapest shirt from Costco and buy expensive lunches more then your shorts😝😝
I was never into getting the "next best thing." I've ran my electronics into the ground... Although, I do tend to over indulge when it comes to tools to create...
Yes BTB. It would be great if people learned this early in life (Maslow's). Might make life less stressful with everyone trying to look rich instead of being rich.
I wish they have some sort of human academy like in those sci-fi movies. Each person goes at their own pace to find their aptitude tendencies then gets placed in the area of their interest.
Good advice my brother. Can't please everyone...you'll lose if you try.
Staying single, not flexing and peacocking is a great way to save money.
Why staying single? Hubby and I have double income and less expenses per kapital than our single friends
I thin Chunni might mean not having kids? I wonder how sharing of expenses reduces expenses... yep, that's the next video. =D =D Thanks Angelika!
@@BeatTheBush one example is cooking. You might not want to cook just for yourself every night, its easier to get takeout. One person can cook the other person does the dishes or cleans. Housing, some expenses like landline internet is not dependent on the number of occupants, our electricity has a basic fee on top of the usage etc.
Wow, you are good man!! You are really good. You are so wise, smart, and so much more.
=D thanks!
It’s crazy to think you had $700k of paper gains that evaporated, that’s a lot of standing desks
Not sure if anyone wants another net worth update video. That may show how this reflects on my NW.
@@BeatTheBush I would really like another one of those updates please. I find they help me understand 'the big picture' of your finances (and the economy at large) a bit better.
Video on stop market collapse and your take on it.
I liked the sponsorship you have. It makes sense and is actually useful. For me it was the phone case and not the desk that caught my attention. And thank you for the value in the video
Phone case? There was no phone case, I use my phone bare.
A girlfriend/fiance/wife will mean so much expenses that almost no chance of Early retirement which is why most couples never achieve Financial Freedom till 65 years old or later. I know this is offensive these days to point it out. Just have casual dating and use birth control pills and protection. Each child will cost $250,000 over a lifetime and much more now due to inflation.
Hi, Graham stephan sent me, awesome channel. Subscribed
Thanks for the compliment I always try my best to bring the best to the best to the table .Kindly leave me I have something big I want to introduce you to🔝
Damn, I'd recently been looking at desks too. That one looks great. My 15 year old folding leg 30 dollar walmart table does the job, just been thinking it might be time to buy something. Probably wont tho lol
A year back I came to the conclusion that the best bang for the buck is spending on things you touch more than a few hours a day or even if you use it daily. I got a whole bunch of stuff in that category and did not regret it one bit. It's low cost per use stuff.
Well said
It’s funny when people want things for YOU and they wonder why you don’t want things just like them.
That’s not being brainwashed by marketing. :D
Very good advice. Thank you.
This is the name of the game 👏🏽👏🏽
I wanna steal that boba plushie
=D It's for sale. Link in video description.
Being frugal doesn’t mean a person needs to begrudge themselves of indulgences once in a while 👍
Low frequency lowers spending and I think in some ways, it heightens the satisfaction when you do indulge once in a while.
You are the man!
Thanks for the compliment I always try my best to bring the best to the best to the table .Kindly leave me I have something big I want to introduce you to🔝
Praise minimalism!
Sell all that which you do not use!
Though I made 5x on a Rolex in the last decade…
So hard and fast rules generally doesn’t work
Thanks for the compliment I always try my best to bring the best to the best to the table .Kindly leave me I have something big I want to introduce you to🔝
as a 3 years subscriber if the channel i have to share what i have learnt since then. the only objective reason for our existence is after acknowledging the existence of one god is to worship god alone according to the way god commanded us. and this is not according to me or persons opinion or research it is in the quran the last revelation sent by god after prophet moses and jesus were sent.
I never got the whole concept of buying things and brands to impress OTHERS…. I personally wouldn’t even want to attract or impress people based on perceived money, wealth, or brands etc. That is a fool’s game and the road to the poorhouse in multiple ways. Those are not the type of people I’d even want as friends or allies in life!
I don't understand it either but there are plenty of people that love luxury brands. Maybe I'm just too poor to afford it lol.
@@BeatTheBush Well I do like some high quality items that last, but not for the prestige of the brand or what “other people think of me” as a result. I always evaluate personal comfort, personal enjoyment, time savings, and savings in the long run when choosing more high quality items. For example, why buy a 6 year water heater vs a 12 year and almost certainly paying all the installation charges 2x vs 1 when the price difference is actually relatively small. Why replace a tv that goes out with a new 55” TV in a large room if an 86” TV only costs $500-800 more over 5-10 years and would bring much more enjoyment if you watch a lot of TV or movies for entertainment. If you don’t watch much tv or movies maybe a better phone or computer are more important to you. But buying things to impress other people? … no way!!
one of the three poisons. inspiring video.
Fantastic 👏
And to think you were saving for a Tesla Roadster recently. Glad you snapped out of that mindset!
I don't think I can afford one right now. But if I find myself with an extra 1M, I might buy it still. Note though, I buy it not that I want people to notice me, I just want to floor it everywhere I go.
I only impressed myself 😁
Thanks for the compliment I always try my best to bring the best to the best to the table .Kindly leave me I have something big I want to introduce you to🔝
If human have no desires, then humanity would not improve. It is okay to have wants rather than just needs, as long as you go out achieve your goals.
Thanks for the compliment I always try my best to bring the best to the best to the table .Kindly leave me I have something big I want to introduce you to🔝
Hi, I was wondering if I can have a chat with you? I am a young Electrial engineer in Canada and wanted some life advice
Lighting looks good. Hope you're doing well - is your health getting better?
Thanks! Hmmm, better and almost out of the woods.
I only wish I could live like you do and still be considered frugal. I enjoy and appreciate your messages on Instagram.
Thank you Sir
I like how you put the Porsche under a Tesla....
HA HAH AHA... I did it without even realizing it. XD
Thank you. I found stoicism. Today , I live a fulfilled life. Than you for Your advise.. I am happy with what I have and aware of my wants. Seneca. Stocks.. Downey California
Thanks for the compliment I always try my best to bring the best to the best to the table .Kindly leave me I have something big I want to introduce you to🔝
Is this what Dr Schwab means when he says "you will own nothing and be happy"?
I think that is a bit more profound than I can handle. I'm still at trying to own little and be happy. Owning nothing is next level.
@@BeatTheBush ;)
How many sq ft is your townhome?
How are your cats doing?
Thanks for the compliment I always try my best to bring the best to the best to the table .Kindly leave me I have something big I want to introduce you to🔝
Hey BTB. Now that you do minimalism and have low desire. What’s your purpose? What are you doing now a days?
Trying to make the world a better place through my videos.
@@BeatTheBush that’s fair. I know before you said you were an engineer of some kind. Ever thought of trying to get a job at spaceX or something? Now that you can truly do whatever you want and not care about the money?
If you live to have it all you will never have enough.
Until you own the entire earth. Then you'll want the moon.
@@BeatTheBush Musky Elon, for example...now wants the moon AND Mars
A new addition to the plushie family!
The boba plush's name is Wiggle. Song plays: 'wiggle wiggle wiggle...'
0:10 Is that a Mac keyboard? those things are terrible. They are made for toddler hands.
Nope. It’s probably a laptop itself
noticed the different colour-grading in this video 👀
You are the first to notice! But exactly WHAT I did? Well I hope the quality helps. Not so much for talking head videos but I'll do other vids that will matter more later.
physiological ≠ psychological
I think my problem is that I have zero desires.
Zero? Reasonable food water and shelter as a base. And everyone wants to go to their favorite country no?
@@BeatTheBush traveling is overrated to me. The thought of just packing and getting there is already making me stressful lmao my gf always ask me to travel. I don't care to. The idea of it sounds nice though. I'm just lazy.
You know those De Beers Diamond commercials? Or Kay Jewelers? Women have been marketed to believe that if a Man loves her, he will buy her diamonds. Its one of those scams.
Something about shiny rocks… crows like it in the wild so maybe it just looks nice?
A lot of people spend money on nice things because they enjoy the unique experiences, like to collect certain things, or have a generous personality - NOT because they're trying to keep up with the Joneses. It may appear to be the latter, but that's a generalization of people that have a wide range of human motivations.
Good point. Motivation is complex. Even the one buying it might not know why.
Yeah generous to themselves only. Funny way to put greed
"OMG! Medium rare steak!"
Yes, I like that but where did that comment come from?
Is that a Macbook?
Thanks for the compliment I always try my best to bring the best to the best to the table .Kindly leave me I have something big I want to introduce you to🔝📌
Thanks for the compliment I always try my best to bring the best to the best to the table .Kindly leave me I have something big I want to introduce you to🔝📌
If you can not physically touch it you don’t own it. Build families, build community and get skills. All else is illusions.
Skills just keeps on giving.
@@BeatTheBush So do families and community.
I think you meant "Your Desires"... so please add that "R"...
Yes! Typo! Sorry! Corrected.
crypto got me out of the rat race
hows that going for you now?
You must've been in pretty early!
@@sirdino6967 can you read
@@BeatTheBush got in in 2017 got rekt lost 100k of my hard earn money but I stayed in crypto and became a millionaire last year. I quit my job payed off my mortgage bought a model 3 performance in cash. Bought a triplex apartment in full. Crypto next bull market is in 2025 I should become very wealthy because I know how this crypto game is played.
@@efrain11944 what coins do you hold besides Hex?
Maslow is my homeboy.
Our society is all about status symbols, period!!
Only if you want to impress strangers. But is impressing strangers important?
🤵👍
Thanks for the compliment I always try my best to bring the best to the best to the table .Kindly leave me I have something big I want to introduce you to🔝
I watch for the incorrect grammar title
Thanks!
@@BeatTheBush oh i thought you did that on purpose
I think for me personally... 1 mill is enough. Anything after is just extra for my friends or family.
Really depends on where you live. 1M with a home is probably enough.
I have no desire for volatility so didn't buy Dogecoin
The safer you want things the less potential yield.
Stop being cheap! Worry about how you live. And I will worry about how I spend my $
My superpower is frugality. I use it to teach others how to retire early.
@@BeatTheBush You will die alone if you don’t stop hoarding money and instead start living. Build a family, build community, get skills.
@@BeatTheBush BB frugal only limited need to always optimisation of spending to really enjoy life😁😁
Having a girlfriend is too expensive lol
How much does it cost normally?
@@BeatTheBush for me i was spending at least 500 a month, specially in the beginning when we were just dating
Misspelling in title, "you"
He can afford to quit the rat race. He's rich🙄
Only by first lowering your desires.