Mijo!! que buen video, me encantan tus reflexiones y la forma que enseñas a vivir la vida de forma responsable para estar seguros cuando envejezcamos, muchas gracias por ayudar a cambiar esta mentalidad absurda de consumismo desenfrenado, saludos desde Colombia :DD
I started following a budget 33 years ago and owe nobody anything. My house is paid off, car is paid off. I have investments and money in the bank and can afford to do whatever I want and buy whatever I want. But I don't. I'm still careful with money. And I'm happy.
and probably toxic, i watched a whole bunch of videos on how they make cocaine, they use cement, gasoline, acid, etc., you don't know what people are diluting these drugs with
I stay away from people who got a Ph.D. and then spend their lives boasting about it, and thinking they are superior to others just because they paid a lot more for their education than most.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
The dumbest part is nobody is really that impressed by anything you buy anyways in the real world. I could drive a brand new 50k Lexus to Walgreens making huge payments and it's not like a hot blonde is gonna throw herself at me lol. Unless you're loaded a simple cost-benefit analysis reveals how dumb that is.
You kind of ‘need’ cars and clothes and big house and stuff you can’t afford because those are all status symbols and status is obviously important for mate selection.
We simply should follow our grandparents lifestyle! Don’t buy fancy things, don’t throw what can be repaired, don’t buy more food then you could eat in few days etc etc….
I think the core of the issue is people trying to live above their means. Spending money on nice things doesn’t mean you’re an irresponsible person, spending money you don’t have is irresponsible.
If only they knew basic arithmetics...oh, wait a sec, it was taught in primary school! 😂 Money in, money out, keep correct balance. Simple and obvious, so no excuses!
@@mikesamovarov4054 Well they have to make enough to avoid poverty otherwise they will be poor by default. The problem is do they even make more than they spend buying only the minimum. If they don't well that is a good reason to be and stay broke.
All of this. So true! I cancelled my Amazon prime and decided if I really want something I should be willing to pay shipping for it or wait a week to get it. So far it’s been working. I’ve had one purchase in 6 months and it was a necessity.
I have seen my share of “Why People are Broke” videos, and I can honestly say that this is the best and most relatable one I have ever seen. Thank you for this great video ☺️
LOVED this video! We are a family of 4 living on one income and I have been for a few years now. I have made it my mission to not accept more is better. I also loved your inclusion of the titles within each bullet number, makes me want to take notes! “If you treat yourself everyday, then it’s not a treat, it’s norm.” That hits home!
The ironic part is, our consumer based economy depends on people wasting money. No spending - total collapse of the system. And they raised all the prices on necessities so we can’t get around spending
I've often said that shops etc don't make a profit from me because I very rarely buy anything expect food. I'm wearing clothes that I've had for years, if they still fit and are in good condition then why get rid of them and buy new. I do understand though that the economy relies on people spending. At this moment in time, in the UK anyway, our cost of living is shooting up and people can't even afford the basics. The cost of energy and fuel has put the price of everything up and people can't afford anything except the essentials and sometimes not even those. If the government doesn't help to change things asap, goodness knows what will happen. I've always lived like Austin is suggesting, so I can afford to ride out this crisis but many are really struggling and rely on food banks to live. It's disgusting that things have come to this.
@@monicas2269 the precise same gas happened here in the U.S.A. It's absurdly corrupted and sickening. I've had a roommate for years and still do and our rent has been raised 3 times now since covid began and the pet rent for animals gas been raised also. None of utilities are included anymore. Everytime I want to move out I can't basically because places around where I am are asking in the flipping $600s or some places more of dollars for a STUDIO APT. As in you have no official bedroom even. Trippin.
20 years ago, when I was broke, I read the book Rich Dad, Poor Dad and it changed my life. And I wouldn't say I'm very clever with money, I just picked up a few good tips I've used.
Lots of truth here! Live beneath your means, don't spend foolishly, cancel those subscriptions, cancel Amazon Prime. Buy what you NEED, pay off ALL non-mortgage debt - cars, credit cards, loans, etc...Save what is left over...Get your life back. Buy a used car, pay it off in cash, drive it until the wheels fall off.
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
It's important to allocate assets correctly; some people utilise hedging techniques or set aside a portion of their portfolio for defensive assets in case of market downturns. To do this, professional advice is essential. With investments of close to $1 million, this strategy has enabled me maintain financial stability for more than five years.
@@mariaguerrero08Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.
*Gertrude Margaret Quinto* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Good stuff. Totally agree. I used to be a spendthrift until I went broke and had to start all over at 50, after living a lavish life for quite some time. I now use my laziness and sense of procrastination to avoid spending money. I love minimalism, living in a small space, buying quality things that last and saving the majority of my income as my expenses are miniscule. I notice these big subdivisions that pop up soon have Rooms To Go, all kinds of stores to fill up that new, big house with new furnishings. Restaurants and you need a nice, new car to be like your neighbors who you hate.
My father was a wealthy aristocrat and fled his overbearing family. He lived a comfortable lower middle class life in nice suits, cheap used cars and with a sense of abundance. He loved food and cooked a lot for many friends and family members. He learned how to cook from a job working with a sous chef (probably for minimum wage). I never saw the inside of a restaurant until I was 13 and my older college age brother took me for a crappy quality breakfast at I Hop. I have never budgeted because I naturally, happily live very frugally, way below my means. My mother and father taught me about sales at fancy stores and very intentional purchases of quality items with cash. My quality, lifetime, titanium cooking pans cost $4000 dollars and my nice used car was $10000. My things have never owned me. I actually took a book out from the library on budgeting to help me spend more of my accumulating money without sensing that I was being exorbitant. Libraries and many parks are free and have enriched my life more than any fancy auto could. A great hobby that has enhanced my life is gardening and landscaping. Planting 1 gallon native trees, shrubs and plants with straw for mulch keeps the cost of your future garden cheap and eventually very beautiful and free of added water.
Honestly, for years now I just pay for the necessities and the lowest prices I can get. But I am still broke. Every expense I have is price gouging. Groceries, up 40%, Condo fee up 40%, Property Tax up 20%. Gas up 20%, Pay, pretty much the same as it ever was. No one is buying things they don't need anymore. Unless they have given up.
I remember having a friend that would often spend his entire weekly earning from his part time job in a single night at 'da club'. I used to think he was an outlier, then i realised that he was the norm and that i was the outlier.
I just found you today !!!I really love you content,, It’s me !! Im really frugality, minimalism, simply, live below my mean . Everything you said it’s exactly the way I live right now , my goal I wanna be financially independent so that I don’t need to work for the job I hate ,, I started late. Just 3 years recently, I’m 42 now , after my mindset change I’m feeling life is just easy when things is less , thanks you your video ,, keep motivated me
“Selling their soul for a pine cone with glitter on it!” 😂 I was dying! I thought I was the only one who thinks spending hundreds on Christmas decorations that you will have to find a place to store is absolutely ridiculous! Thanks Austin 🙏!
I'm losing my condo of 33 years. The special assessments have gone up 40%. I've used all those tips for years. I've scrimped all of my life. Saved all my life. Thrift shops, clearance sales., paid condo, paid off old car, and I can't afford groceries or incidentals now. I'm eating pasta, grits, rice, cheapest food I can find. Great retirement 😌 The government knows. 🤫 I'm broke and have always lived frugally. ??????
What went wrong other the condo expenses? Some of the condos fees go up 4 to 6 percent a year. Best to have a small house with no HOA and if you have kids, ask them to mow for you. Also as we get older, we have more medical bills and co pays. Family can be the worst takers so never help family more than once then let them learn to live like you did. I have never used Uber eats but do like to enjoy being retired and able to get by in peace. Wish you the best of luck.
Excellent advice. I have been doing this for a long time and enjoy it. My car is 15 years old with a dented fender. I buy my clothes at a thrift shop and my friends complain about how I dress. I gave up shaving 40 years ago so no razor to buy. I don't own a single pine cone with glitter. I'm not going to give corporate America a single dime they don't pry out of me.
Yes you only live once so live your life!! You have gone to the extreme and when you die, you are not taking that money with you!! The government will get it or your family will waste it away. Wake up and travel and enjoy life while you still can.
👋Hi Austin! I'm a friend of your parents for many days that have gone by. Love this video. Love your passion. You're spot on with "sticking it to the man". Keep up the great work. I look forward to watching more of your videos!✌️
None of your comments and points are new, but you explain and present them extremely well and in a fool-proof manner. If folks do not "get" it after watching your video, then they are beyond hope. Great work. I fully agree with all the "reasons".
I spent most of my life on financial cruse control. The only goal I had was to pay off my mortgage by age 60. That was it. At age 58 I was just starting to get tired of not having any money in my wallet, that with a household income north of $140/year and worried that the national economy would eventually tank. So with that in our heads we snowballed our debt, payed off "a lot" of debt and finally got it mostly paid off last fall but since we didn't have any financial goals except paying off the mortgage we purchased a new car in Sept 2020 to replace one that was totaled. So it wasn't like we backslid into more debt, rather we just did what we thought was normal that is paying off a car loan. But since we had come so far we decided to make paying off this car loan a priority and to start a new car fund so the next car would be a cash purchase. Then one day a light switch was turned on and we decided to grow up. Some would say just make the requested car payment which for us is $485/month because the loan is 1.9% APR. We just really want the car paid for so to make a long story short we put about $55k/year into our 401Ks, have no other debt except the car which has a $15K balance and we make between $1000 to $1500 payments on this car per month and will have it payed off early next year. All of this is to say I think we have fooled away a lot of resources over the years but it is not too late for us to save up enough to live decent in retirement. We know a lot more about money and finances now than 10 years ago. 6 years ago we had between us 5 credit cards, a mortgage, a parents plus student loan and a personal loan for our daughters college and at least one car payment. Now we just have a car payment so we lost a bunch of our money bleeds but we gained...(drum roll)...a household budget. And that is in my view the key to this thing, having a budget. Once you see exactly where your money is going, you then take hatchet to the unnecessary expenses we all have. Then the next thing you realize there is a difference between wants and needs and you find that you can manage money even in the middle class and not live in debt so it actually becomes fun to take control over your finances. Finally, you see some of your co-workers enter retirement with nothing saved and you don't want to be in that position. I have always been thankful for my job and I work for a great company and good people and have set my retirement at age 70. Partly because my wife has to work 3 more years for pension reasons and I cannot retire before she does but also to give us more time to put money into the bank. It is however a difference knowing that you have to work because you have a ton of bills to pay compared to having the ability to live off less than half of what you take home, the stress is a lot less and you don't worry about things that are eating up some people such as food or gasoline prices. The situation we find ourselves in now we could survive if both of us lost our jobs tomorrow, a position unheard of 5 years ago. I live in NE Pennsylvania near the old Anthracite coal mines, I went to college in West Virginia near the old soft coal mines. Back when coal was king, the miners worked for company script and had to buy their stuff in a company store, there was no other option. The coal mine owners were "The Man", they owned workplace, the stores, the homes and the schools. The Man said jump you said how high? Today, the coal mines work differently, we gladly sell our soul to the banks, "The Man" in a suit and tie and making all kinds of promises. Credit cards and car loans are the newfangled company script. We are not like the old time coal miners forced to buy at "The Man's" store, no we are happy to enslave ourselves and even brag about it because we accept the company script in plastic at 16-30% interest. Time to throw off the shackles of "The Man" get rid of debt, live below your means and be ye free. Can someone give me an Amen? Great video Brother Austin.
I loved your story Thomas. You should start a you tube channel when you’re retired helping people avoid your past mistakes with money. Lots of people need your help! Thank you for sharing. I hope you get to retire sooner than 70 if possible. Curious…would you relocate when you retire? We love the mountains and are thinking Utah or Colorado. We currently live in crazy California…basically raised here and raising our own family here now. We want out soon… Best of luck to you going forward.
@@tholm4307 Thank you for your kind words. Where we live now the cost of living is fairly low but it is sort of creeping up. The big question in our minds is do we stay here and put some money into our home or do we sell and relocate? I really cannot answer that question right now. PA is probably the easiest on the wallet for those in retirement in the north east but lots of places are better. There are two places I think about moving to once I hang up my spurs. The first is north central PA along the NY border. Property is inexpensive you can buy 20 acres with barn and pastures and a 3BR home at around +/- $200k. RE taxes are better than where we are now. The second is central West Virginia. This is not a place for anyone that needs to work and it is "rural" but 50 acres is nothing there. Our place in PA is reasonable in terms of nice places to live. It is semi-rural here and we have 3.5 acres but about 2 of them are on the side of a mountain and thick with trees. The place is paid for so our cost for the 5 essentials (RE taxes, insurance, heating oil, propane and electricity) is right about $1000/month. I have friends and family that live in NJ and NY and some of them are paying more than that just for RE taxes but their homes are worth twice what mine is. But I would repeat what just about everyone who has an opinion on this subject and that is CA is no place to retire unless you have a ton of money and want to off-load it. From what i hear Colorado is becoming expensive also. You ask a good question. I don't know if it is all just about money though. In NJ, there is a law against everything, a permit required to do anything and everything is simply expensive. It's nice but it's not that nice. That's what I like about PA you can basically do whatever you want within reason. Good luck to you also T Holm.
70 are you crazy? I got out at 55. Work sucks. Are home is paid for. We do just fine on SS alone without touching are investments. I receive at 62 $2343.00 per month. My wife is a little less. We call it play money. We both started working at an early age.
Whats funny is people complain about cost of living etc But when you go to shops or malls people are spending lavishly on eating out, new tech, clothes and other leisure. Don’t even get me started on how many new cars I see on the road to work 🤦♂️ when I was younger getting a takeout was a once in a while thing and most people had used cars
Great content and so timely ~ your articulating how i've always lived and have always been judged for not being a good little consumer. But yes now people are broke and inflation is eating them,
After seeing all the luxury goods for sale, the rise of Doordash and all that, and nearly every commercial is for a luxury car it always made me wonder if there's this huge influx of spending money most people have. Now everything is going to an expensive subscription model and rapid inflation hasn't seemed to change either of these trends.
My father delivered bread for a living. My parents went bankrupt, and bought a house the next week. At sixty my father retired with a pension. He had Blue Cross Blue Shield his whole life, with low copay, and affordable insurance premiums. I am an aircraft mechanic, I have a two year degree, and a federal license that requires college, or an apprenticeship, and rigorous testing to obtain. I'm married to a Nurse Practiceioner. Luckily I did buy a property back in the 2000's. But proply found myself upside down after 2008. This year my wife and me decided to look at getting a new home. We can't afford it. Between her student debt, my child support, and the insane housing market there is no way we could afford a new, more convenient, home. We drive used cars, keep our debt to a minimum, and try to cook as often as possible. Still with the current grocery prices we are struggling. So yeah, I don't think it's all peoples irresponsibility that causes the issues you list in your intro. You are vary privileged, and you got vary lucky. There are plenty of people just as smart and savvy as yourself that failed for no reason other then they bet on the wrong horse. The wealth inequality has only climbed over the past twenty years, while average household earnings have largely stagnated. So while there is more wealth, it's in the hands of fewer people. So enjoy your moment of lecturing us poor working peasants on how our struggles to feed and house our families is all our fault for being so irresponsible. Just remember one way or another there will be a reckoning.
It kind of is, the first mistake was going to college. The writing has been on the wall that college has been a losing bet for years and years. I'm someone coming from an extremely low income family like 10k a year in the late 2000s low income. I learned some skills and am doing just fine without college, and no debt besides a car loan that I'm about to pay off. Sure the economy sucks and it's a struggle for nearly everyone but you can't blame everything on society you do need to take some amount of responsibility. Either way I hope things go well for you, it sucks to be in that position.
So true about how people don't take the time to learn about money. If I didn't decide to self-educate through UA-cam, podcasts, and books, I'd still have the same mentality and forever be stuck in the same rut. Thank goodness for the access to free online education! If only people had more motivation to learn, and know that understanding money is actually pretty easy. It's our personal mindsets and behaviors that have to shift. And as a society, we need to stop the ultra high consumerism culture. Thank you for your videos! :) New subscriber here
Part of the reason is that the government doesn’t want the rich to teach the people. The government wants to keep you poor and misguided by politicians and special interest groups. Read Rich Dad Poor Dad.
@@Renee1207 Yup! Ever since I read that book, I completely changed how I handled money. I wish those books were around when I had my first job, but at least I’m teaching my kids.
Thank you! What I really needed to hear came at last at number 15, treat yourself. I often buy something usually desserts and lie to myself I deserve it.
I really like you. I’ve seen the light. I’m saving more, and now barely consuming. My expenses have increased, but unfortunately that’s due to dual gas and electricity bills reaching £2800. Listening to you and how things are going in the world is making me change my ways. So, thank you.
@@ric5019 I'm in the UK as well and this week we are told that these bills are going to be even higher. As you say it's the cost of the energy and fuel bills that's pushing up the price of everything else. And the energy and fuel companies are raking in the profits. It's unbelievable what is happening.
I totally agree with everything you say. I’ve always been frugal, but now environmentalist this is a huge factor to be mindful of what you buy and need.
"where there is no vision, the people perish". And "a fool and his money are soon parted" (both from the Old Testament, because people have had the same issues for thousands of years!) If you don't deliberately think and build your vision for your life and the path you want to take , you are empty and will be filled by any passing fancies. "Nature abhors a vacuum" Think and choose thoughts and mentors and friends on purpose and wisely. If you don't know where you are going any road will get you there. Larry Winget, in the next comment is right on when he say's to look in the mirror for the real reason you are broke, not everything outside yourself! More money at this point would simply mean more zeros on the end of the stupid money decisions. You must learn to see, think feel and act differently to have a different outcome.! Peace to everyone on their journey!
This is a great video and advice is on point- the only issue is many that watch it and say ‘Yes, I understand’ and will continue to make poor financial choices. Sometimes, you just can’t make people understand.
I studied Dave Ramseys Financial Peace when I found myself responsible for my own finances. Don’t spend what you dont have. Pay off anything and everything. 1,000$ emergency fund. It works.
We're putting $10 a week aside for an emergency fund and $10 a week to fix my husband's truck. I have categories of saving. Each category gets $10 a week. We're also dumping credit card debt like crazy. We pay very little...no cable, minimal electric, etc. What's left goes to debt relief and savings. We do have a growing emergency fund. That is one of my favorite pieces of financial advice I ever got. Grow an emergency fund. We decided to stop buying. We had a household full of stuff we generously decided to give a home to. We decided no more. We have a 1,500 ft Cape Cod. One of my neighbors commented how small it was. I said it's big enough for us.
1:33 "But before I begin..." I was about to go, 'Well, here comes an ad, I'll leave it on and go keep fixing dinner'; but then I realised what you were saying: you are making $0.00 out of this video. You are potentially the only truly honest and sincere UA-camr out there (obviously barring the others e.g. Archfiend who have been here forever, even before the concept of monetisation).
Only debt I went into was buying a car and that was only because I wanted to get a super reliable one that I could drive for the next 30+ years. Plan to drive it until the wheels fall off.
Austin: I think people will call me the man. But I love your videos. You are so right. And you are very smart. You can’t hide it. You touch on metaphysics, economics, freedom, psychology, neurology, and many other disciplines. Best of luck. God Bless.
Austin-have recently discovered you and now watch you every day. The only thing is- wish I had found you when I was your age (although you weren't born yet, lol). You are so wise and speak the truth about what has happened with our finances in our society. And as we age, we realize that being content and appreciative with what you have is one of the secrets to finding happiness in our dystopian society (love that you made that point). Being frugal and content doesn't mean you have to be cheap, either (like when it comes to a tip). Thank you for all your lessons and please keep them coming. PS.. you have a great voice and remind me of an even more handsome version of Ralph Macchio - Karate Kid.
You talk about people seeking out excitement in your videos and the an car ad pops up that says "Excitement comes standard in the all new..." You're right the man is trying to play us.
I only spend on necessary items but still live on the edge. Living in the city is too expensive so I need a car to drive from my country home that's half the price. The used car market here is just as expensive as new so I have a new car. Gas is double the price it was. Insurance, food, clothing for growing kids. There's no room for fun and no money for it.
Mortgages are just a way to control people. Governments know if people have a mortgage they will have to work, and will do any job to pay that mortgage or become homeless.
This was great Austin!! Thank you. I so enjoyed this vid because this is how I live my life. In my neighborhood we have one of the smallest houses, still a beautiful home but much smaller square footage wise than the McMansions surrounding us in our suburban subdivision. We also have older cars, I drive a 2012 Honda odyssey and have no intentions on getting rid of it anytime soon. Paid off cars are such a gift! and it gives me no hassle. So until the cost of repairing it is more than a car payment, its staying. Also, I have no intentions on ever having a car payment, or paying a lease on a cell phone. We live within our means and for this reason are just over 40 and our mortgage is about to be paid off in a few months. We go out to dinner maybe 1 time a month, and get takeout maybe twice. I cook most days of the week, or we have a leftover night or breakfast for dinner with pancakes and scrambled eggs, vs. expensive takout too frequently. We take vacations when we have the money saved. We don't charge them and pay for them long after the trip is over. The thing is back when my husband and I were kids in the late 80's/early 90's, going to Disney was a big deal!! you only went if your family had money or you saved for years. These days people go to Disney every year or multiple times a year. Disney is EXPENSIVE!! I am willing to bet this is all on credit. I don't get how people can sleep at night knowing they have all this outstanding debt?! One thing we are lacking is a beefed up retirement account. That's because we can only max out our Roth IRA at 6k per year (which we do), but don't have a company offered 401k. We're hoping in a few months once our mortgage is paid, we can start going hard on investing. We also hope to be able to help our son who will be starting high school next year, with college tuition in a few years. Hopefully with our help, and him working part time to cover his books, he can graduate debt free, should he decide to go to college. We encourage state college (living at home and commuting) as well as community college. There is no reason for kids to graduate with over $100k (probably more like 200k these days), of school debt to start making entry level pay. Makes absolutely no sense to me. Unless you have the money saved for college, please people consider community college or state school close to where you live so you don't have the added cost of room and board. Also, i read an article that there is so much scholarship money that's out there and people don't take advantage of because they are too lazy to look for it, and to fill out the required applications. To your point about convenience and Apps. and like you I also hate working, but probably because I'm tired of the corporate bs and working more than 1 job at a time since I was 16. I hope to quit working a real job by the time I'm 50. That's it for today. Thanks again! take care.
I like your point about money is your time. Whenever I make a purchase I think about how many hours I have to work for that purchase it puts it in a different perspective
Just subscribed! This was spot on and the Ross Pine cones with the glitter took me out! Lmao I literally bought that exact item from Ross one Christmas and then regretted it. It was probably me you saw putting it in the basket 😂😂😂
I have so much pain that I can't work anymore, I live on 1095. from disability, which $568 of that is my mortgage payment. Try preparing for that and making ends meet, on top of that still having gas electricity mortgage and life insurance policy to pay, because when you die you have to leave your kids something.
Smart and very accurate. It is so hard living in a consumer driven society and not blow budget on the regular shopping and accumulating crap is addictive trying to brake the horrible cycle it’s so hard
Good video!! You really hit the nail on the head. I agree with what you say. Money doesn't buy happiness without a doubt. We all need it, but we don't want it to control us. Thanks for posting!!!
I went to Walmart to buy detergent. Inside Walmart I saw a shirt I liked, picked it up. At check out I heard Austin's voice in my head is this what you came here for, I instantly dropped the shirt. That was true I only went to buy detergent but was about to do impulse shopping. So thank you Austin. I am saving more listening to your videos.
think of it like this, If the world was empty and you were the only human left, would you still care about what cloths you wear and what type of car you drive and how you look or what the place you are living at looks like.
This is the best video I’ve seen on this subject and I have seen many. So many great points that I watched it three times. Informative and entertaining.
All of your points are on point...Love the way you broke it all down in a Lame Man's term...You and I share the same outlook on money...It's an absolutely must that I share this video as it is so informative and so well presented.
The envelope system is the only thing that worked for me. This way I have to actually budget for something if I want to buy it. Also paying your self first was key for me. We all work so hard, we totally deserve to save some before start paying bills and spending for variables.
Do you remember being happy as a kid? I do. Riding our bicycles around our neighborhood, playing with our friends, flying a kite on a beautiful summers day, climbing trees, going down to the lake swimming, catching frogs, building forts, etc... Now ask yourself what happened? We all became adults and got distracted by all this stuff. The "Man" pulled one over on us. It all went wrong when Money and Responsibility came into the picture.The more money needed, The More Time off Your Future. The more Stuff, the more Responsibility's. Respect Money, Save Money, Pay Yourself First in order to start and continue saving Money. Buy your Time-With your Money in Place of Stuff, for your Time is Shorter than you Think, Dont buy stuff you dont need. Save a Dollar on all your future decisions. Care about your Future Time. Invest in Your Future Self by Saving Money. Enjoy the little things in life, that is the Real Life!
Gracias mijitos for watching!
I work because I want to not because I have to 😁
@Michelle he has a good message, but a little long for some of us that have a very short attention span. lol.
@Michelle he is starting. UA-cam is hard but at some point it will grow faster and faster. It’s up to us to help him, by subscribing and pushing like.
Mijo!! que buen video, me encantan tus reflexiones y la forma que enseñas a vivir la vida de forma responsable para estar seguros cuando envejezcamos, muchas gracias por ayudar a cambiar esta mentalidad absurda de consumismo desenfrenado, saludos desde Colombia :DD
Thank you for your videos! I use them on my teenage children. Your videos are like the SESAME STREET show for them now
I started following a budget 33 years ago and owe nobody anything. My house is paid off, car is paid off. I have investments and money in the bank and can afford to do whatever I want and buy whatever I want. But I don't. I'm still careful with money. And I'm happy.
Married?
Money doesn’t buy happiness, but it certainly buys freedom.
@@jokerpilled2535 money buys time, and time doing what you enjoy is happiness for the most part
Congrats
I want a house but with the price of 33 years ago. Just the house, everything else can be today prices.
Best thing I do for myself is staying far away from people who smoke cigarettes, weed, drinking, gambling, no plans and can't hold a conversation
weed has side effects, and it smells terrible, and it's an addiction
and probably toxic, i watched a whole bunch of videos on how they make cocaine, they use cement, gasoline, acid, etc., you don't know what people are diluting these drugs with
There are other people who have quiet, deadly financial habits too. Beware.
I stay away from people who got a Ph.D. and then spend their lives boasting about it, and thinking they are superior to others just because they paid a lot more for their education than most.
That would be everyone then.
“Please do not sell your soul for a pine cone with glitter on it.”
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Tyler Durden summarizes this perfectly: ”Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need.”
Yeah but remember Tyler was selling something too and was asking just as much if not MORE for it.
The dumbest part is nobody is really that impressed by anything you buy anyways in the real world. I could drive a brand new 50k Lexus to Walgreens making huge payments and it's not like a hot blonde is gonna throw herself at me lol. Unless you're loaded a simple cost-benefit analysis reveals how dumb that is.
#Facts
You kind of ‘need’ cars and clothes and big house and stuff you can’t afford because those are all status symbols and status is obviously important for mate selection.
"... to impress people we don't know nor care about"
New favorite quote: "Don't sell your soul for a pinecone with glitter on it."
Austin has some fantastic quotes !👏😂
I pick up my pine cones off the floor when I go for walks, lol.
@@monicas2269 Put glitter on them and sell them!
We simply should follow our grandparents lifestyle! Don’t buy fancy things, don’t throw what can be repaired, don’t buy more food then you could eat in few days etc etc….
I agree 😀
I think the core of the issue is people trying to live above their means. Spending money on nice things doesn’t mean you’re an irresponsible person, spending money you don’t have is irresponsible.
If only they knew basic arithmetics...oh, wait a sec, it was taught in primary school! 😂 Money in, money out, keep correct balance. Simple and obvious, so no excuses!
@@mikesamovarov4054 Well they have to make enough to avoid poverty otherwise they will be poor by default. The problem is do they even make more than they spend buying only the minimum. If they don't well that is a good reason to be and stay broke.
The poor accumulate stuff, the wealthy accumulate assets.
The wealthy also have Stuff.
@@suzannederringer1607 Not nearly as much, at least in comparison.
And a child of God collect treasures for heaven. Alleluia!!!!!!
@@ChaosTherum In countries not developed thr rich have most of stuff and assets.
The wealthy accumulate both. They're just smarter and don't spend beyond their means
All of this. So true! I cancelled my Amazon prime and decided if I really want something I should be willing to pay shipping for it or wait a week to get it. So far it’s been working. I’ve had one purchase in 6 months and it was a necessity.
I'm about to cancel my prime as well
Canceled mine and only have to wait until I have a $25 order to get free shipping. Result? One order for $25 all month. Big difference for me!
How could you support a company who takes advantage of people. I could never get near Amazon it’s a gross company
I canceled mine! I use eBay and Macys has great deals!! Then I just go to the store
I place items in my cart until it reaches $25 for free shipping. Most time, I don’t need it.
I have seen my share of “Why People are Broke” videos, and I can honestly say that this is the best and most relatable one I have ever seen. Thank you for this great video ☺️
Thanks!
LOVED this video! We are a family of 4 living on one income and I have been for a few years now. I have made it my mission to not accept more is better. I also loved your inclusion of the titles within each bullet number, makes me want to take notes! “If you treat yourself everyday, then it’s not a treat, it’s norm.” That hits home!
The ironic part is, our consumer based economy depends on people wasting money. No spending - total collapse of the system. And they raised all the prices on necessities so we can’t get around spending
I've often said that shops etc don't make a profit from me because I very rarely buy anything expect food. I'm wearing clothes that I've had for years, if they still fit and are in good condition then why get rid of them and buy new. I do understand though that the economy relies on people spending. At this moment in time, in the UK anyway, our cost of living is shooting up and people can't even afford the basics. The cost of energy and fuel has put the price of everything up and people can't afford anything except the essentials and sometimes not even those. If the government doesn't help to change things asap, goodness knows what will happen. I've always lived like Austin is suggesting, so I can afford to ride out this crisis but many are really struggling and rely on food banks to live. It's disgusting that things have come to this.
@@monicas2269 the precise same gas happened here in the U.S.A. It's absurdly corrupted and sickening. I've had a roommate for years and still do and our rent has been raised 3 times now since covid began and the pet rent for animals gas been raised also. None of utilities are included anymore. Everytime I want to move out I can't basically because places around where I am are asking in the flipping $600s or some places more of dollars for a STUDIO APT. As in you have no official bedroom even. Trippin.
20 years ago, when I was broke, I read the book Rich Dad, Poor Dad and it changed my life. And I wouldn't say I'm very clever with money, I just picked up a few good tips I've used.
Video Summary : ‘Don’t sell your soul for a pine cone with glitter on it’ 🤣🙌
That alone deserves my subscription.
Bendiciones
Estamos Activo 🤝
Go in the woods. Pick up a pine cone. Put glitter on it. Save $10!
Lots of truth here! Live beneath your means, don't spend foolishly, cancel those subscriptions, cancel Amazon Prime. Buy what you NEED, pay off ALL non-mortgage debt - cars, credit cards, loans, etc...Save what is left over...Get your life back. Buy a used car, pay it off in cash, drive it until the wheels fall off.
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
It's important to allocate assets correctly; some people utilise hedging techniques or set aside a portion of their portfolio for defensive assets in case of market downturns. To do this, professional advice is essential. With investments of close to $1 million, this strategy has enabled me maintain financial stability for more than five years.
@@mariaguerrero08Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.
*Gertrude Margaret Quinto* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
Good stuff. Totally agree. I used to be a spendthrift until I went broke and had to start all over at 50, after living a lavish life for quite some time. I now use my laziness and sense of procrastination to avoid spending money. I love minimalism, living in a small space, buying quality things that last and saving the majority of my income as my expenses are miniscule. I notice these big subdivisions that pop up soon have Rooms To Go, all kinds of stores to fill up that new, big house with new furnishings. Restaurants and you need a nice, new car to be like your neighbors who you hate.
hate is a strong word
Subdivisions are one of the worst things that ever was invented. It just destroys the land.
It's expensive to be broke! I like that, way to look at it! Thank you!
My father was a wealthy aristocrat and fled his overbearing family. He lived a comfortable lower middle class life in nice suits, cheap used cars and with a sense of abundance. He loved food and cooked a lot for many friends and family members. He learned how to cook from a job working with a sous chef (probably for minimum wage). I never saw the inside of a restaurant until I was 13 and my older college age brother took me for a crappy quality breakfast at I Hop. I have never budgeted because I naturally, happily live very frugally, way below my means. My mother and father taught me about sales at fancy stores and very intentional purchases of quality items with cash. My quality, lifetime, titanium cooking pans cost $4000 dollars and my nice used car was $10000. My things have never owned me. I actually took a book out from the library on budgeting to help me spend more of my accumulating money without sensing that I was being exorbitant. Libraries and many parks are free and have enriched my life more than any fancy auto could. A great hobby that has enhanced my life is gardening and landscaping. Planting 1 gallon native trees, shrubs and plants with straw for mulch keeps the cost of your future garden cheap and eventually very beautiful and free of added water.
Honestly, for years now I just pay for the necessities and the lowest prices I can get. But I am still broke. Every expense I have is price gouging. Groceries, up 40%, Condo fee up 40%, Property Tax up 20%. Gas up 20%, Pay, pretty much the same as it ever was. No one is buying things they don't need anymore. Unless they have given up.
I remember having a friend that would often spend his entire weekly earning from his part time job in a single night at 'da club'. I used to think he was an outlier, then i realised that he was the norm and that i was the outlier.
I just found you today !!!I really love you content,, It’s me !! Im really frugality, minimalism, simply, live below my mean . Everything you said it’s exactly the way I live right now , my goal I wanna be financially independent so that I don’t need to work for the job I hate ,, I started late. Just 3 years recently, I’m 42 now , after my mindset change I’m feeling life is just easy when things is less , thanks you your video ,, keep motivated me
Right on! Glad you are enjoying my videos!
you are still really young, I didn't realize all this until I was 54... and 5 years later I am debt free and life is so much better!!
“Selling their soul for a pine cone with glitter on it!” 😂 I was dying! I thought I was the only one who thinks spending hundreds on Christmas decorations that you will have to find a place to store is absolutely ridiculous! Thanks Austin 🙏!
I HAVE AN OLD 2006 CAR, LOW CAR INSURANCE, LIVE IN A COZY STUDIO APARTMENT, NO KIDS, NO WIFE, GOOD PAYING JOB NO DEBT ,LIFE IS GOOD!!
I'm losing my condo of 33 years. The special assessments have gone up 40%.
I've used all those tips for years. I've scrimped all of my life. Saved all my life. Thrift shops, clearance sales., paid condo, paid off old car, and I can't afford groceries or incidentals now. I'm eating pasta, grits, rice, cheapest food I can find. Great retirement 😌 The government knows. 🤫 I'm broke and have always lived frugally. ??????
What went wrong other the condo expenses? Some of the condos fees go up 4 to 6 percent a year. Best to have a small house with no HOA and if you have kids, ask them to mow for you. Also as we get older, we have more medical bills and co pays. Family can be the worst takers so never help family more than once then let them learn to live like you did. I have never used Uber eats but do like to enjoy being retired and able to get by in peace. Wish you the best of luck.
HOAs are DEADLY. Move to a cheaper area where you can buy a small house with no HOA!
Excellent advice. I have been doing this for a long time and enjoy it. My car is 15 years old with a dented fender. I buy my clothes at a thrift shop and my friends complain about how I dress. I gave up shaving 40 years ago so no razor to buy. I don't own a single pine cone with glitter. I'm not going to give corporate America a single dime they don't pry out of me.
There is a difference between being frugal and being a bum. You are the latter.
Not friends 🙄
Yes you only live once so live your life!! You have gone to the extreme and when you die, you are not taking that money with you!! The government will get it or your family will waste it away. Wake up and travel and enjoy life while you still can.
👋Hi Austin! I'm a friend of your parents for many days that have gone by. Love this video. Love your passion. You're spot on with "sticking it to the man". Keep up the great work. I look forward to watching more of your videos!✌️
Hi Rick! I appreciate it!
None of your comments and points are new, but you explain and present them extremely well and in a fool-proof manner. If folks do not "get" it after watching your video, then they are beyond hope. Great work. I fully agree with all the "reasons".
I spent most of my life on financial cruse control. The only goal I had was to pay off my mortgage by age 60. That was it. At age 58 I was just starting to get tired of not having any money in my wallet, that with a household income north of $140/year and worried that the national economy would eventually tank.
So with that in our heads we snowballed our debt, payed off "a lot" of debt and finally got it mostly paid off last fall but since we didn't have any financial goals except paying off the mortgage we purchased a new car in Sept 2020 to replace one that was totaled. So it wasn't like we backslid into more debt, rather we just did what we thought was normal that is paying off a car loan. But since we had come so far we decided to make paying off this car loan a priority and to start a new car fund so the next car would be a cash purchase.
Then one day a light switch was turned on and we decided to grow up.
Some would say just make the requested car payment which for us is $485/month because the loan is 1.9% APR. We just really want the car paid for so to make a long story short we put about $55k/year into our 401Ks, have no other debt except the car which has a $15K balance and we make between $1000 to $1500 payments on this car per month and will have it payed off early next year.
All of this is to say I think we have fooled away a lot of resources over the years but it is not too late for us to save up enough to live decent in retirement. We know a lot more about money and finances now than 10 years ago. 6 years ago we had between us 5 credit cards, a mortgage, a parents plus student loan and a personal loan for our daughters college and at least one car payment. Now we just have a car payment so we lost a bunch of our money bleeds but we gained...(drum roll)...a household budget.
And that is in my view the key to this thing, having a budget. Once you see exactly where your money is going, you then take hatchet to the unnecessary expenses we all have. Then the next thing you realize there is a difference between wants and needs and you find that you can manage money even in the middle class and not live in debt so it actually becomes fun to take control over your finances. Finally, you see some of your co-workers enter retirement with nothing saved and you don't want to be in that position.
I have always been thankful for my job and I work for a great company and good people and have set my retirement at age 70. Partly because my wife has to work 3 more years for pension reasons and I cannot retire before she does but also to give us more time to put money into the bank. It is however a difference knowing that you have to work because you have a ton of bills to pay compared to having the ability to live off less than half of what you take home, the stress is a lot less and you don't worry about things that are eating up some people such as food or gasoline prices. The situation we find ourselves in now we could survive if both of us lost our jobs tomorrow, a position unheard of 5 years ago.
I live in NE Pennsylvania near the old Anthracite coal mines, I went to college in West Virginia near the old soft coal mines. Back when coal was king, the miners worked for company script and had to buy their stuff in a company store, there was no other option. The coal mine owners were "The Man", they owned workplace, the stores, the homes and the schools. The Man said jump you said how high?
Today, the coal mines work differently, we gladly sell our soul to the banks, "The Man" in a suit and tie and making all kinds of promises. Credit cards and car loans are the newfangled company script. We are not like the old time coal miners forced to buy at "The Man's" store, no we are happy to enslave ourselves and even brag about it because we accept the company script in plastic at 16-30% interest.
Time to throw off the shackles of "The Man" get rid of debt, live below your means and be ye free. Can someone give me an Amen?
Great video Brother Austin.
Retire aged 70
Are you mad??,
I loved your story Thomas. You should start a you tube channel when you’re retired helping people avoid your past mistakes with money. Lots of people need your help! Thank you for sharing. I hope you get to retire sooner than 70 if possible. Curious…would you relocate when you retire? We love the mountains and are thinking Utah or Colorado. We currently live in crazy California…basically raised here and raising our own family here now. We want out soon…
Best of luck to you going forward.
Amen
@@tholm4307 Thank you for your kind words. Where we live now the cost of living is fairly low but it is sort of creeping up. The big question in our minds is do we stay here and put some money into our home or do we sell and relocate? I really cannot answer that question right now. PA is probably the easiest on the wallet for those in retirement in the north east but lots of places are better.
There are two places I think about moving to once I hang up my spurs. The first is north central PA along the NY border. Property is inexpensive you can buy 20 acres with barn and pastures and a 3BR home at around +/- $200k. RE taxes are better than where we are now. The second is central West Virginia. This is not a place for anyone that needs to work and it is "rural" but 50 acres is nothing there.
Our place in PA is reasonable in terms of nice places to live. It is semi-rural here and we have 3.5 acres but about 2 of them are on the side of a mountain and thick with trees. The place is paid for so our cost for the 5 essentials (RE taxes, insurance, heating oil, propane and electricity) is right about $1000/month. I have friends and family that live in NJ and NY and some of them are paying more than that just for RE taxes but their homes are worth twice what mine is. But I would repeat what just about everyone who has an opinion on this subject and that is CA is no place to retire unless you have a ton of money and want to off-load it. From what i hear Colorado is becoming expensive also.
You ask a good question. I don't know if it is all just about money though. In NJ, there is a law against everything, a permit required to do anything and everything is simply expensive. It's nice but it's not that nice. That's what I like about PA you can basically do whatever you want within reason.
Good luck to you also T Holm.
70 are you crazy? I got out at 55. Work sucks. Are home is paid for. We do just fine on SS alone without touching are investments. I receive at 62 $2343.00 per month. My wife is a little less. We call it play money. We both started working at an early age.
Whats funny is people complain about cost of living etc
But when you go to shops or malls people are spending lavishly on eating out, new tech, clothes and other leisure. Don’t even get me started on how many new cars I see on the road to work 🤦♂️ when I was younger getting a takeout was a once in a while thing and most people had used cars
Great content and so timely ~ your articulating how i've always lived and have always been judged for not being a good little consumer. But yes now people are broke and inflation is eating them,
After seeing all the luxury goods for sale, the rise of Doordash and all that, and nearly every commercial is for a luxury car it always made me wonder if there's this huge influx of spending money most people have. Now everything is going to an expensive subscription model and rapid inflation hasn't seemed to change either of these trends.
My father delivered bread for a living. My parents went bankrupt, and bought a house the next week. At sixty my father retired with a pension. He had Blue Cross Blue Shield his whole life, with low copay, and affordable insurance premiums. I am an aircraft mechanic, I have a two year degree, and a federal license that requires college, or an apprenticeship, and rigorous testing to obtain. I'm married to a Nurse Practiceioner. Luckily I did buy a property back in the 2000's. But proply found myself upside down after 2008. This year my wife and me decided to look at getting a new home. We can't afford it. Between her student debt, my child support, and the insane housing market there is no way we could afford a new, more convenient, home. We drive used cars, keep our debt to a minimum, and try to cook as often as possible. Still with the current grocery prices we are struggling. So yeah, I don't think it's all peoples irresponsibility that causes the issues you list in your intro. You are vary privileged, and you got vary lucky. There are plenty of people just as smart and savvy as yourself that failed for no reason other then they bet on the wrong horse. The wealth inequality has only climbed over the past twenty years, while average household earnings have largely stagnated. So while there is more wealth, it's in the hands of fewer people.
So enjoy your moment of lecturing us poor working peasants on how our struggles to feed and house our families is all our fault for being so irresponsible. Just remember one way or another there will be a reckoning.
It kind of is, the first mistake was going to college. The writing has been on the wall that college has been a losing bet for years and years. I'm someone coming from an extremely low income family like 10k a year in the late 2000s low income. I learned some skills and am doing just fine without college, and no debt besides a car loan that I'm about to pay off.
Sure the economy sucks and it's a struggle for nearly everyone but you can't blame everything on society you do need to take some amount of responsibility.
Either way I hope things go well for you, it sucks to be in that position.
Life is expensive even without a mortgage. I'd be fine living in a cabin in the mountains with not a lot of stuff but that still costs a lot.
yes, i would love to live in the mountains in mexico or colorado
Austin you crack me up. You are very right about why people are broke.
Glad I could make you laugh!
So true about how people don't take the time to learn about money. If I didn't decide to self-educate through UA-cam, podcasts, and books, I'd still have the same mentality and forever be stuck in the same rut. Thank goodness for the access to free online education! If only people had more motivation to learn, and know that understanding money is actually pretty easy. It's our personal mindsets and behaviors that have to shift. And as a society, we need to stop the ultra high consumerism culture. Thank you for your videos! :) New subscriber here
Part of the reason is that the government doesn’t want the rich to teach the people. The government wants to keep you poor and misguided by politicians and special interest groups. Read Rich Dad Poor Dad.
@@davidclaro152 absolutely. I loved Rich Dad Poor Dad! Total mindset shift
@@Renee1207 Yup! Ever since I
read that book, I completely changed how I handled money. I wish those books were around when I had my first job, but at least I’m teaching my kids.
Exactly! Welcome to adulthood and personal responsibility. No excuses!
You are SO right about ALL this…it makes me sick. I don’t want any of it.
Money doesn't buy happiness, but it certainly buys freedom.
GREAT VIEWPOINTS, IM A 60 YEAR OLD MAN AND AM IMPRESSED WITH YOUR OUTLOOK.👍
Spending lots of money only satisfies the ego and the ego always wants more.
Thank you! What I really needed to hear came at last at number 15, treat yourself. I often buy something usually desserts and lie to myself I deserve it.
This video is criminally underrated
Haha, thank you!
Thank you for your clear observations on The Man. People have forgotten this and it needs to be repeated.
You are on to something great ombre. Amazing content. Genuine, honest and simple. Great work. And thank you... 🙏
My clients often tell me how well dressed I am. Their faces drop when I tell them that all my exterior clothes come from Goodwill!
So informative. Binge watching your videos while working from home.
I really like you. I’ve seen the light. I’m saving more, and now barely consuming. My expenses have increased, but unfortunately that’s due to dual gas and electricity bills reaching £2800. Listening to you and how things are going in the world is making me change my ways. So, thank you.
how the hell can a gas/electric bill be 2800??? wow.
Energy crisis in The UK means dual fuel bills are approaching nearly 3k per year. Meaning some people are choosing between eating or heating.
@@ric5019 I'm in the UK as well and this week we are told that these bills are going to be even higher. As you say it's the cost of the energy and fuel bills that's pushing up the price of everything else. And the energy and fuel companies are raking in the profits. It's unbelievable what is happening.
Honestly you might be one of the best money channels. Funny yet Relatable!
I totally agree with everything you say. I’ve always been frugal, but now environmentalist this is a huge factor to be mindful of what you buy and need.
One of your best vids yet..putting aside to re-watch every now and again. Greetings from 🇦🇺
This is THE video to watch...captures the critical parts of the message succinctly, articulately and profoundly.
Man i’m happy i found your channel. It makes me feel better and les frustrated
Right on! I'm glad I found you!!
"where there is no vision, the people perish". And "a fool and his money are soon parted" (both from the Old Testament, because people have had the same issues for thousands of years!)
If you don't deliberately think and build your vision for your life and the path you want to take , you are empty and will be filled by any passing fancies. "Nature abhors a vacuum" Think and choose thoughts and mentors and friends on purpose and wisely. If you don't know where you are going any road will get you there.
Larry Winget, in the next comment is right on when he say's to look in the mirror for the real reason you are broke, not everything outside yourself! More money at this point would simply mean more zeros on the end of the stupid money decisions. You must learn to see, think feel and act differently to have a different outcome.!
Peace to everyone on their journey!
Everyday Amazon Christmas!!! That’s so true. I’ve been guilty of this. I love seeing it from that perspective. Thanks!
Subscribed mijo, thank you! You speak truth, la pura verdad, I'll be showing your videos to my children. God bless you.
Gracias mijito!
This is a great video and advice is on point- the only issue is many that watch it and say ‘Yes, I understand’ and will continue to make poor financial choices. Sometimes, you just can’t make people understand.
Everybody needs money to live on but it's the love of money that gets you
I studied Dave Ramseys Financial Peace when I found myself responsible for my own finances. Don’t spend what you dont have. Pay off anything and everything. 1,000$ emergency fund. It works.
I agree with all the points made in this video because I, too, fell in these traps. Recently got out.
Spot on Austin. Thanks. By the way you have a cute voice and cool you are learning Spanish.!
We're putting $10 a week aside for an emergency fund and $10 a week to fix my husband's truck. I have categories of saving. Each category gets $10 a week. We're also dumping credit card debt like crazy. We pay very little...no cable, minimal electric, etc. What's left goes to debt relief and savings. We do have a growing emergency fund. That is one of my favorite pieces of financial advice I ever got. Grow an emergency fund. We decided to stop buying. We had a household full of stuff we generously decided to give a home to. We decided no more. We have a 1,500 ft Cape Cod. One of my neighbors commented how small it was. I said it's big enough for us.
1:33 "But before I begin..." I was about to go, 'Well, here comes an ad, I'll leave it on and go keep fixing dinner'; but then I realised what you were saying: you are making $0.00 out of this video. You are potentially the only truly honest and sincere UA-camr out there (obviously barring the others e.g. Archfiend who have been here forever, even before the concept of monetisation).
The Christmas analogy really resonated with me
The goal of the the man is to keep you in debt. Debt means slavery. Totally true. I am debt free and want to remain that way.
Only debt I went into was buying a car and that was only because I wanted to get a super reliable one that I could drive for the next 30+ years. Plan to drive it until the wheels fall off.
Austin: I think people will call me the man. But I love your videos. You are so right. And you are very smart. You can’t hide it. You touch on metaphysics, economics, freedom, psychology, neurology, and many other disciplines.
Best of luck. God Bless.
We're all the man in some respects! I trust you're a kind "man!" Thank you for your kind words. Money has so much to do with human psychology!
Austin-have recently discovered you and now watch you every day. The only thing is- wish I had found you when I was your age (although you weren't born yet, lol). You are so wise and speak the truth about what has happened with our finances in our society. And as we age, we realize that being content and appreciative with what you have is one of the secrets to finding happiness in our dystopian society (love that you made that point). Being frugal and content doesn't mean you have to be cheap, either (like when it comes to a tip). Thank you for all your lessons and please keep them coming. PS.. you have a great voice and remind me of an even more handsome version of Ralph Macchio - Karate Kid.
Haha, you are the second person that said I looked like Karate Kid. Thank you...I guess, haha!
A new pair of shoes definitely do make me happy…but I would never go into debt to buy them 🤔
You talk about people seeking out excitement in your videos and the an car ad pops up that says "Excitement comes standard in the all new..." You're right the man is trying to play us.
I only spend on necessary items but still live on the edge. Living in the city is too expensive so I need a car to drive from my country home that's half the price. The used car market here is just as expensive as new so I have a new car. Gas is double the price it was. Insurance, food, clothing for growing kids. There's no room for fun and no money for it.
Mortgages are just a way to control people. Governments know if people have a mortgage they will have to work, and will do any job to pay that mortgage or become homeless.
This was great Austin!! Thank you. I so enjoyed this vid because this is how I live my life. In my neighborhood we have one of the smallest houses, still a beautiful home but much smaller square footage wise than the McMansions surrounding us in our suburban subdivision. We also have older cars, I drive a 2012 Honda odyssey and have no intentions on getting rid of it anytime soon. Paid off cars are such a gift! and it gives me no hassle. So until the cost of repairing it is more than a car payment, its staying. Also, I have no intentions on ever having a car payment, or paying a lease on a cell phone. We live within our means and for this reason are just over 40 and our mortgage is about to be paid off in a few months. We go out to dinner maybe 1 time a month, and get takeout maybe twice. I cook most days of the week, or we have a leftover night or breakfast for dinner with pancakes and scrambled eggs, vs. expensive takout too frequently. We take vacations when we have the money saved. We don't charge them and pay for them long after the trip is over. The thing is back when my husband and I were kids in the late 80's/early 90's, going to Disney was a big deal!! you only went if your family had money or you saved for years. These days people go to Disney every year or multiple times a year. Disney is EXPENSIVE!! I am willing to bet this is all on credit. I don't get how people can sleep at night knowing they have all this outstanding debt?! One thing we are lacking is a beefed up retirement account. That's because we can only max out our Roth IRA at 6k per year (which we do), but don't have a company offered 401k. We're hoping in a few months once our mortgage is paid, we can start going hard on investing. We also hope to be able to help our son who will be starting high school next year, with college tuition in a few years. Hopefully with our help, and him working part time to cover his books, he can graduate debt free, should he decide to go to college. We encourage state college (living at home and commuting) as well as community college. There is no reason for kids to graduate with over $100k (probably more like 200k these days), of school debt to start making entry level pay. Makes absolutely no sense to me. Unless you have the money saved for college, please people consider community college or state school close to where you live so you don't have the added cost of room and board. Also, i read an article that there is so much scholarship money that's out there and people don't take advantage of because they are too lazy to look for it, and to fill out the required applications. To your point about convenience and Apps. and like you I also hate working, but probably because I'm tired of the corporate bs and working more than 1 job at a time since I was 16. I hope to quit working a real job by the time I'm 50. That's it for today. Thanks again! take care.
I like your point about money is your time. Whenever I make a purchase I think about how many hours I have to work for that purchase it puts it in a different perspective
Great video man!👍
Brilliant commentary Austin.....sheer brilliance and truth. thank you Sir. You're wise beyond your years.
Are you single? You are gorgeous!
6'6", blue-eyed and handsome asking.
Just subscribed! This was spot on and the Ross Pine cones with the glitter took me out! Lmao I literally bought that exact item from Ross one Christmas and then regretted it. It was probably me you saw putting it in the basket 😂😂😂
Really good advice, I am pleased to say I follow these tips and as a result, I have zero money issues.
I have so much pain that I can't work anymore, I live on 1095. from disability, which $568 of that is my mortgage payment. Try preparing for that and making ends meet, on top of that still having gas electricity mortgage and life insurance policy to pay, because when you die you have to leave your kids something.
You the man!!! Everything i do that your saying people say I'm cheap no I'm frugal 🤣
Smart and very accurate. It is so hard living in a consumer driven society and not blow budget on the regular shopping and accumulating crap is addictive trying to brake the horrible cycle it’s so hard
but totally doable!
Small steps 😊
I'm broke cuz I ended up with lupus and then I ended up living on disability!
Good video!! You really hit the nail on the head. I agree with what you say. Money doesn't buy happiness without a doubt. We all need it, but we don't want it to control us. Thanks for posting!!!
Thanks for the reminder. Constantly battling my consumer habits.
Just live your life and be happy. Tomorrow is not guaranteed!
I went to Walmart to buy detergent. Inside Walmart I saw a shirt I liked, picked it up. At check out I heard Austin's voice in my head is this what you came here for, I instantly dropped the shirt. That was true I only went to buy detergent but was about to do impulse shopping. So thank you Austin. I am saving more listening to your videos.
I applaud you , you are a very wise man I take my hat off to you. If only people would listen to you. Great video 👍👍👍👍👍👍💋
His wisdom is gold.
think of it like this, If the world was empty and you were the only human left, would you still care about what cloths you wear and what type of car you drive and how you look or what the place you are living at looks like.
This is the best video I’ve seen on this subject and I have seen many. So many great points that I watched it three times. Informative and entertaining.
I appreciate your kind words!
All of your points are on point...Love the way you broke it all down in a Lame Man's term...You and I share the same outlook on money...It's an absolutely must that I share this video as it is so informative and so well presented.
Wow, I really enjoyed this, it’s so helpful and totally accurate
Awesome vid!
Great advise.
El Chistie is to follow it. 😅
The envelope system is the only thing that worked for me. This way I have to actually budget for something if I want to buy it. Also paying your self first was key for me. We all work so hard, we totally deserve to save some before start paying bills and spending for variables.
Do you remember being happy as a kid? I do. Riding our bicycles around our neighborhood, playing with our friends, flying a kite on a beautiful summers day, climbing trees, going down to the lake swimming, catching frogs, building forts, etc... Now ask yourself what happened? We all became adults and got distracted by all this stuff. The "Man" pulled one over on us. It all went wrong when Money and Responsibility came into the picture.The more money needed, The More Time off Your Future. The more Stuff, the more Responsibility's. Respect Money, Save Money, Pay Yourself First in order to start and continue saving Money. Buy your Time-With your Money in Place of Stuff, for your Time is Shorter than you Think, Dont buy stuff you dont need. Save a Dollar on all your future decisions. Care about your Future Time. Invest in Your Future Self by Saving Money. Enjoy the little things in life, that is the Real Life!
A few thoughts: Ozark is an amazing show. Nice voice. And 100% agree with all of your points!!
Omg I have a crush 🥰 the singing tho!!
Good stuff! Thank you!!!
Your videos have great content and presented very well. Your channel we grow.You deserve to be paid about it Don't refuse it
you got that right, life style inflation....