Thanks for this video, I used to live above my means when I was in my 20's and was living paycheck to paycheck for many years, when I became more mature and realized that saving for my future and for my family was way more important than keeping up with my neighbors just to look good and show off. My wife and I drive a 12 year old car and downsized our home. We don't make a lot of money but we are able to send our daughter to a prestigious school and we live comfortably. We live below our means and we are so much happier than we were much younger and trying to keep up with the Jones's. Again, great video!!
Thank you Steve! I love your videos ❤ I'm in my early 40s and I had to dip into my 401k to pay off debt unfortunately. Thankfully i still have money in there. But this year thanks to your videos I started investing in a roth ira and i maxxed it out and bought spy. Im watching my spending and also teaching my son and showing him your videos. I was never taught this im just learning now at 42! Thank you for the knowledge you share with us 🙏 ❤
Thank you so much for your kind words! It’s never too late to start, and it’s amazing that you’re taking control of your finances and even teaching your son-you're setting him up for success! 🙌
I went from making low six figures down to about half when I got laid off during COVID. Luckily I had no credit card debt, good investments, and my home was 70% paid off.
Agree with all this! The newness of the shiny object eventually fades. Constantly saving and investing with the long term goal of financial independence has been my north star since the 1990s. Appreciate your vids 👍
Great video. I love the minimalist approach to finance and living. We thought it was going to take us about 15 years but once the ball starts rolling and we really started saving almost there at 9.
I learned about the hedonic treadmill back at uni and it resonated with me so much that its a foundation on how I make my decisions with finances, materialistic items, and future procurements. Great video Steve!
Yup, i like to keep it simple and trying to live a somewhat minimalist lifestyle. I rent a 1 bd apartment when i could buy a house now, but would rather build wealth through compound interest. I could buy a new car, but choose to drive my 2000 Toyota Tacoma and 2004 Lexus instead. I even wear the same color shirt most days, one less thing to think about. Love the channel Steve!
I’m so thankful to have found your channel! You’re making a tremendous difference in ppl’s lives! I’ve learned so much in the little time I’ve spent watching your videos! Planning to do some more research and add to my investments! Thank you Steve! You’re amazing!
Hi Steve. You speak great common sense. I have always followed a very similar approach to money as you. Delayed gratification has always been my approach to financial health. Kind regards. Peter.
Excellent video! Thank you for being honest and encouraging us to save and invest. It's a shame that we live in such a materialistic society. We consume and consume more and more stuff or junk we don't need. I plan to get rid of 50% of my belongings for now. Even though I love collecting selective antique furniture or decor, I now push back in purchasing. I have a purpose to save and save more for my future. 😊
I love all your videos ❤ I wish I know and learn about savings for retirement before I was working. Never too late, I shared your videos with my son, nieces and nephews. Thank you from the bottom of my heart to simplify step by step for the beginners like us🙏👍
@@acastr1234The more you make the more you spend. Just like your income goes up you’ll find a more expensive luxury apartment than your friends. You’ll join an expensive gym because, you drive a luxury car & buy luxury items & clothes & that becomes the norm then you dine at expensive restaurants everything goes up & you forget about saving. You travel it becomes a habit & forget or at least I did because I’m still young about investing & savings. Because I’m so caught up on keeping up with my lifestyle. Also I live in Los Angeles. You’ll always feel like no amount is ever enough in a city like this.
@@Princess-ef2ux Oh I know what lifestyle creep is. I make over 6 figure a year and live below my means. Cars have been paid off for years now and no consumer debt. Investments and Emergency fund are where they need to be.. I wanted to hear it from this dude. 👍
Thanks for the video. I finally convinced my 22 year old to start putting his paycheck into more worthier places like investing. He’s a part-timer with a small income. Where should I start?
Hi Steve. If you have a HELOC and you want to make an extra payment-how can you be sure that 100% of that extra payment goes on the principle? Not on fees etc... Am I supposed to negotiate with the bank? Thank you!
I love your videos thank you! I am late to the party- debt free at 45 with a 6 month emergency fund, self employed and opening a Roth IRA. Trying to decide if I should invest in a target date retirement fund or S&P 500.. If I invest in S&P do I allocate everything to it or do I have to split it with other index funds & bonds? Thats where I hesitate.. 🤔 Thank you!
🙌 Congrats on being debt-free and building that emergency fund-you're crushing it! 🎉 A target date fund is more hands-off, adjusting over time, while the S&P 500 offers more growth but with higher risk. If you’re comfortable, you could go all-in on the S&P. Otherwise, you can add bonds or other index funds to balance things out. It's all about what fits your comfort level!
lol, my 08 Lexus has all those stuff, navigation, backup camera, etc. maybe you should have driven a mid to late 2000 Lexus instead and maybe you would hold off buying a new car a little longer
Don't buy things you don't want to impress people you don't care for. Also if you surround yourself with shallow people who are impressed by your things rather than those who are impressed by your growth as a human being, you're going to have a harder time of living frugally.
I mean everything you recommend is obviously smart. You have helped me alot. Thank you 🙏🏼 but at what point is depriving yourself of nice things kind of sad. You kinda ruined my day when you dropped the line that “if you’re licing paycheck to paycheck, it’s not fair to bring a child into this world?” So you think poor people dont deserve to have kids? Thats a real shitty take man. Im happy that you’re doing well. But as a kid who grew up dirt poor with parents that couldn’t “afford” me, ill say go fudge yourself and me and my two brothers turned out to be good people so ✌🏼minus one
Sorry if it came across that way! My intention was just to emphasize the importance of being as prepared as possible before having kids, not to suggest that people shouldn’t have children. I believe everyone wants the best for their children and hopes they won’t face unnecessary struggles.
Who is "directing" you to make these silly faces that are supposedly visually conveying a drama worthy video click? Fire him or her. Your videos are excellent and convey genuine value. No need for the silly faces friend. Just present your true best self. That's what we appreciate about each other the most anyhow.
Thanks for this video, I used to live above my means when I was in my 20's and was living paycheck to paycheck for many years, when I became more mature and realized that saving for my future and for my family was way more important than keeping up with my neighbors just to look good and show off. My wife and I drive a 12 year old car and downsized our home. We don't make a lot of money but we are able to send our daughter to a prestigious school and we live comfortably. We live below our means and we are so much happier than we were much younger and trying to keep up with the Jones's. Again, great video!!
Thanks for sharing your story!
You are a LEGEND, sir🙏🏼
❤
Thank you Steve! I love your videos ❤ I'm in my early 40s and I had to dip into my 401k to pay off debt unfortunately. Thankfully i still have money in there. But this year thanks to your videos I started investing in a roth ira and i maxxed it out and bought spy. Im watching my spending and also teaching my son and showing him your videos. I was never taught this im just learning now at 42! Thank you for the knowledge you share with us 🙏 ❤
Thank you so much for your kind words! It’s never too late to start, and it’s amazing that you’re taking control of your finances and even teaching your son-you're setting him up for success! 🙌
@@CalltoLeap 🙏💖
Totally agree with you about cultivating love, compassion, relationships, Nature, etc. to create inner happiness. ❤
I went from making low six figures down to about half when I got laid off during COVID. Luckily I had no credit card debt, good investments, and my home was 70% paid off.
Thanks for sharing! Glad you were in a good situation during that time 💪
Agree with all this! The newness of the shiny object eventually fades.
Constantly saving and investing with the long term goal of financial independence has been my north star since the 1990s. Appreciate your vids 👍
Great video. I love the minimalist approach to finance and living. We thought it was going to take us about 15 years but once the ball starts rolling and we really started saving almost there at 9.
Congrats!
I learned about the hedonic treadmill back at uni and it resonated with me so much that its a foundation on how I make my decisions with finances, materialistic items, and future procurements. Great video Steve!
Yeah, it's a great concept right?! Thank you!
Yup, i like to keep it simple and trying to live a somewhat minimalist lifestyle. I rent a 1 bd apartment when i could buy a house now, but would rather build wealth through compound interest. I could buy a new car, but choose to drive my 2000 Toyota Tacoma and 2004 Lexus instead. I even wear the same color shirt most days, one less thing to think about. Love the channel Steve!
I’m so thankful to have found your channel! You’re making a tremendous difference in ppl’s lives! I’ve learned so much in the little time I’ve spent watching your videos! Planning to do some more research and add to my investments! Thank you Steve! You’re amazing!
Hi Steve. You speak great common sense. I have always followed a very similar approach to money as you. Delayed gratification has always been my approach to financial health.
Kind regards.
Peter.
Excellent video! Thank you for being honest and encouraging us to save and invest. It's a shame that we live in such a materialistic society. We consume and consume more and more stuff or junk we don't need. I plan to get rid of 50% of my belongings for now. Even though I love collecting selective antique furniture or decor, I now push back in purchasing. I have a purpose to save and save more for my future. 😊
That's awesome you're being more mindful about your purchases! 👏
@@CalltoLeapmaraming salamat!
I love all your videos ❤ I wish I know and learn about savings for retirement before I was working. Never too late, I shared your videos with my son, nieces and nephews. Thank you from the bottom of my heart to simplify step by step for the beginners like us🙏👍
Book: The Millionaire Next Door: The Surprising Secrets of America's Rich
Very good book! I have the audiobook on my Audible!
My favorite book!
Yep... 6 figures here, and still living paycheck to paycheck.
So what does that really mean? Are you literally not able to save anything and the next future check is already spent?
@@acastr1234The more you make the more you spend. Just like your income goes up you’ll find a more expensive luxury apartment than your friends. You’ll join an expensive gym because, you drive a luxury car & buy luxury items & clothes & that becomes the norm then you dine at expensive restaurants everything goes up & you forget about saving. You travel it becomes a habit & forget or at least I did because I’m still young about investing & savings. Because I’m so caught up on keeping up with my lifestyle. Also I live in Los Angeles. You’ll always feel like no amount is ever enough in a city like this.
Sorry to hear. It can be tough to manage money even with a good income. Maybe try reviewing your budget to see where you can make small changes.
@@Princess-ef2ux Oh I know what lifestyle creep is. I make over 6 figure a year and live below my means. Cars have been paid off for years now and no consumer debt. Investments and Emergency fund are where they need to be.. I wanted to hear it from this dude. 👍
You don't have to look poor...like the stock market,,,,sales exist. Thus you can make wise buys.
Great video Steve! So true..start small. Later on, you will see progress.
Absolutely!
Love the graphic illustration. Thank you!
Thanks!
Lot of wisdom here. Thanks again for the reminder.
Nothing wrong with showing off- just always live within your means and enjoy life! 👏🏽🤩
Enjoying life is the most important thing!
Steve, I would like to see a plan on how to start investing in one video 📹 More like a tutorial 😊
Yes! I made some videos on this that you can check out!
Do you have a video with a step by step guide on how to invest in the S&P 500 ?
Great video and great idea. It is so true in life,
🙌
Thanks for the video. I finally convinced my 22 year old to start putting his paycheck into more worthier places like investing. He’s a part-timer with a small income. Where should I start?
Open a brokerage account at either Fidelity, Vanguard, or Schwab and deposit what he can every month!
Great video 👍🏼
大変素晴らしいかった👍👍👍
:)
Hi Steve. If you have a HELOC and you want to make an extra payment-how can you be sure that 100% of that extra payment goes on the principle? Not on fees etc... Am I supposed to negotiate with the bank? Thank you!
Nice video, Steve
Thanks 👍
Now that’s a video. 👍🏻
🙌
I love your videos thank you! I am late to the party- debt free at 45 with a 6 month emergency fund, self employed and opening a Roth IRA.
Trying to decide if I should invest in a target date retirement fund or S&P 500..
If I invest in S&P do I allocate everything to it or do I have to split it with other index funds & bonds? Thats where I hesitate.. 🤔
Thank you!
🙌 Congrats on being debt-free and building that emergency fund-you're crushing it! 🎉
A target date fund is more hands-off, adjusting over time, while the S&P 500 offers more growth but with higher risk. If you’re comfortable, you could go all-in on the S&P. Otherwise, you can add bonds or other index funds to balance things out. It's all about what fits your comfort level!
No doubt
:)
lol, my 08 Lexus has all those stuff, navigation, backup camera, etc. maybe you should have driven a mid to late 2000 Lexus instead and maybe you would hold off buying a new car a little longer
Don't buy things you don't want to impress people you don't care for. Also if you surround yourself with shallow people who are impressed by your things rather than those who are impressed by your growth as a human being, you're going to have a harder time of living frugally.
💯💯
you are great
Thanks! O
I am already poor.😮
🫣
I mean everything you recommend is obviously smart. You have helped me alot. Thank you 🙏🏼 but at what point is depriving yourself of nice things kind of sad. You kinda ruined my day when you dropped the line that “if you’re licing paycheck to paycheck, it’s not fair to bring a child into this world?” So you think poor people dont deserve to have kids? Thats a real shitty take man. Im happy that you’re doing well. But as a kid who grew up dirt poor with parents that couldn’t “afford” me, ill say go fudge yourself and me and my two brothers turned out to be good people so ✌🏼minus one
Yeah. You shouldn't be bringing kids into this world if your ass can't afford them. Learn to save and invest and then "have" kids,
Sorry if it came across that way! My intention was just to emphasize the importance of being as prepared as possible before having kids, not to suggest that people shouldn’t have children. I believe everyone wants the best for their children and hopes they won’t face unnecessary struggles.
Who is "directing" you to make these silly faces that are supposedly visually conveying a drama worthy video click? Fire him or her. Your videos are excellent and convey genuine value. No need for the silly faces friend. Just present your true best self. That's what we appreciate about each other the most anyhow.
Sigh. For the algorithm. :/
@@CalltoLeap we love your video shares and greatly appreciate the content and information. Looking forward to the next one!
I think “poor” is the wrong choice of word. Modest is more apt. No one wants to look poor. You will not attract abundance looking poor.
Always look dumb and masterfully noticed their weakness