Ok so much energy spent on budgeting. I’d like to sell my things but I end up donating them Bc I just want them gone. And don’t want to spend the time meeting people or shipping or waiting for someone to buy it
Oh Uplift, YES..... I have an Uplift desk, one of the best investments for my health I ever made... spend 2200.- for my set up, but got mine extra big with many extras plus a walking treadmill, love it!
I would be interested in an estimate of the ratio of recurring expenses vs the non-recurring atypical expenses like the camera. In general, I find that people tend to have good estimates of recurring expenses, but not as accurate estimates of one-time expenses. Estimating both categories well is helpful in financial/retirement planning.
My atypical expenses are discretionary mostly. So I can choose to spend it if I could afford it. Tires are recurs in multiple months, fence in many years. It'd be easier to go back and track expenses rather than predict the future. For example, who knows if I may spend 10k on remodeling. Perhaps some solar panels?
@@louiseyvette2261 i wonder if he does these sponsors, gets a free item to review, and then right after he films the ad he turns around and sells the desk lol. thats what ide do
I think you enjoy being frugal and counting every penny. I grew up very poor but I've never valued money, even as I have much more of it. I don't spend crazily but I don't care so much about counting every cent - just doesn't seem worth the effort. To what end will you continue to do this sort of accounting? There's only so much stuff you can buy, I understand. Try this challenge: go six months without thinking about money, just spend reasonably and see how you like it. If at the end you see you're on a path toward destitution, go back to your stringent counting methods, but if was worth it and not much has changed fiancially, you've drastically bettered your quality of life.
I think it's actually refreshing to see someone how actually ends up being frugal even after they make money and someone that is not actually working per se. I see some people in this genre that are "frugal" and move into a $1.5m house.... I personally would not want to be as careful as you are with your money but certainly kudos to you and you have carved out what appears to be a very fulfilling and interesting life.
So now that the stock market is tanking, I’d love for you to do a retrospective on your videos from 2020.. I actually avoided the market altogether because of your videos and was too surprised to see how strongly everything performed till this year. But definitely glad I never got in still because now I think there are real buying opportunities ahead. The sheer magnitude of “UA-cam finance gurus” during this time has also exploded. I know you’re trying to move away from finance topics, but would love if you revisit and reflect on those videos!
hmm well I right now am buying I-bonds.... but the 10k cap per year is pretty limitiing... I also think the usgov is going to stop issuing them soon or lower them to 5k/year limit if things keep going this way lol. Honestly I just worry that there will be some crazy recession with the fed selling back all those junk mortgage backed securities at the same time that they raise interest rates at the same time that they restart student loan payments (next month?).... but when i look back on 2008, even though the feds cranked up inflation to 11 and you didnt want to hold cash during that time, at the begining of it because of the credit freeze and deflation, everyone was in a very tight spot and people were selling newish 20k cars for 6-7k as long as you had cash on had. yeah inflation hurts but having cash on had those first 6 months during a recession i think will offset most of the sting you endured from inflation. im just trying to say ur not wrong for keeping cash lol. @JohnM0rris yeah but the way things are going, everything is getting super volatile so the next dip will probably be the biggest in a long time and could wipe out 20-30 years worth of growth, which is probably how much most people end up investing in their entire life lol.
Honestly, if you are comfortable to live this way is the best. Not only reduce budget also reduce a lot of unnecessary footprints. I started to reduce the things I want to buy. I may not change the budget to purchase food.
Interesting ending music. I like the other original outro music as well. Could you make a UA-cam Playlist with all of the tracks you have created? Maybe another income stream might be licensing music through some online service?
lol actual banged knee. I was looking at your older vids recently and it seems like the finance ones still get a good amount of views even though theyre older. I was thinking, it would be very helpful for people getting into the flow of finance to see your setup or the way money moves around. maybe this is a bit... too much personal info coz if someone knows u get your paycheck deposited into BOA on the 5th of every month for example, so maybe more like a hypothetical or what u used to do when you had a more substantial income. I feel like with the federal funds rate going up, it makes more sense to seek out some 5-6% APR savings accounts to put ur emergency fund money in, and then maybe direct some money into a high yield savings like w/ synch/ally/goldmansacs maybe I should try making this video... I feel like you would do a much better job than me though. I was just gunna use a whiteboard expo marker and hold my old ipad up.... kinda like ur og videos lol
Thank you for the breakdown. I’m trying to sell stuff. You have used those cash back options like a pro. And yes! Food and the experience are so worth it!!!
Got to separate capital expenditure like your camera from your living expenses. At most show the depreciation of it as expense. Didn't notice any dividends as income.
Francis you need to exit doge.. u made the correct call when u bought.. but unfortunatley now u miss all the sell momentum.. from know on the down momentum is going to continue for at least a year.. and if you think about it i think you will realize that.. you can use your buying timming skills from much lower price.. greetings from argentina
Is the hammock attachment for real? Get out of here! I'd never get any work done. You'd always find me either swinging around in the hammock and/or asleep under my desk all the time. 🤣😂
You should focus on getting back to where you can make $200K per year with an engineering job. With inflation running so hot, those that work are handsomely rewarded over FIRE.
Your day to day living expenses are low. If you truly don't want to work anymore, this really shows you how little money you need as long as you do not have expensive tastes and are willing to shop around/change providers or suppliers if they don't make financial sense anymore.
Or perhaps be very intentional on where you spend. I find some things can cost a lot but give little emotional satisfaction. Other times, a few dollars in your favorite food goes a long way.
@@BeatTheBush 100% agree. I do find there is alot of garbage people pay for that gives little to no enjoyment. Enjoy your tips on how to achieve financial freedom faster (by using frugality).
this almost seems stressful to live like this. Always monitoring your finances. The key is to be free and never have to worry about it, that involves yoloing tesla and bitcoin and coming back in 6 years
Your very lucky u don’t have any Heath issues? I noticed u don’t even pay for meds. because being ill can take away a lot of out of pocket money with hospitals, Dr. Fees etc. Good for u👍
Use a credit card that has grocery category cash back. Or drugstore category. Buy gift cards at those places and get cash back. Buy $500 value visa gift cards since they usually charge a fee of $5.95 to lower the percentage costs.
I was on a quest to try out their quarter pounder because I was told they grill the meat when you order. Sure enough, it tastes better than the cheeseburgers.
Robots really are taking over more and more jobs but the use of it is not funding UBI. Not sure if I have enough to say about that to make a full video but I'll mull over it.
What about Dogecoin? You had 1 million+ dollars in Dogecoin and see it as a good long term investment. Are you doubling down now Dogecoin is now $0.07?
@@BeatTheBush It is only 6 cents now. If you thought it was a good investment at $0.70, why not now? You can get it a 92% discount on an investment and dollar cost average down.
@@petecheng1 If he was a Dogecoin millionaire and believes in Dogecoin, he can buy Dogecoin at a steep discount. His videos repeatedly said he is investing for long term. Buffett said to buy when people are scared.
From your videos I get the feeling you are a nice person. Obviously you're successful at setting personal goals and managing your career/financial goals. I would like to suggest that a personal goal you could set and work would be finding a longterm life partner. I thik it's something worth the effort that you would find happiness from.
@@RickMartinUA-cam definitely not always easy. It's probably more difficult for some than other's but I believe it's possible for good people to find other good people. This fellow is a nice guy who's figured out how to live off making videos on his own schedule. I have faith he can find a person who can share his life with.
If you cancel out those one time payments. Your spending is crazy low. You could spend more on yourself say $500 to $1000 more a month on discretionary stuff. That would improve your lifestyle A lot, just remember you can’t take the money with you when your gone.
it's about lifestyle, it seems struggling to you? I don't think so. He is enjoying being frugal, it's a strange feeling, but some people are simply like this. I like to keep track of expenses, trying to impact the world as little as possible, trying to suffer a bit. It's the same reason why when you use cheat codes to spawn money in a game suddenly you get so bored and you wanna quit.
Best investment would be a really good retirement financial planner to manage his investments appropriately!! He’s lost SO much money just in the last few years he will need when truly retired due to his own poor investment knowledge and so many foolish ill-timed decisions. Sure as long as he lives off current work with lower burn rate, it’s not an issue BUT he is putting his true retirement at extreme risk.
The only thing I can think of is having Pho once a week. I have pretty low desires in day to day stuff. Perhaps finally traveling to Japan when they open up. @JD My portfolio is down but my net worth is about 10% down from all time highs.
@@MrNGTfan123 yeah yeah, and also I come from Italy so I don't really know if he is spending really low or avarage. Our salaries are 30k avarage, but there are a lot of people with 1500 euro per month and they live fine. Probably in the bay area he could spend more since it's a really expensive area, but I don't think he is holding himself back, that's what I wanted to say
@@BeatTheBush LOL Don't tell me you donate all the money left over after paying taxes, fees, etc. to charity!!!! You have a lot of views if you want you could instead of donating it to charity donate to your favorite non profit.....
what does retired even mean lol. ~75% of all "retired" people in the US over age 55 say they continue to work some side job and earn money on the side... i get what youre saying though, that maybe hes not retired coz if he stops youtube he might not be able to pay the bills. so in reality being "retired" is more specific to how much u have in ur bank/saved/to ur name
@@vevenaneathna How can people be retired and still be working and collecting income? There is no way I could consider myself retired and be an employer or employee!!! Retired title will get views but switching careers seems to get fewer views in my opinion (Our Rich Journey) talks the same s**t and I suspect for similar reasons.
@@donaldlyons17 eh i mean if 3 out of ever 4 people litterally do the same thing and call it retirment then i dont think it is misleading. imo retired just means youre doing what you want to do now and are basically financially independant. thats what most people think of. if you stop working or being productive your brain will turn to goo. its like your body has evolved to know its a parasite on the society so it trys to off itself or cause people to find a purpose. this is what i think mazlo was tyring to explain in the top tiers of his heirchay of needs. i hate psychology though so it makes sense to me that psychologists would sit around and wonder about their purpose all day lol
Im 42 now, I live in Europe I have managed to spend something between 15k and 20k euros per year, Im still working and trying to FIRE but here the system forces you to work until 64-67 so Im being realistic and now I just want to work less and get money from investments. It Seems to be easier to FIRE in the US. Anyway Keep doing this videos, they are a source of inspiration.
I argue it is. When I go to any hardware store, it's mostly male shoppers. Many guys I know even collect tools but I don't know any gals that does the same.
This is a silly video. Why would you pick a drastically non-typical month to compare your income with your expenses? At the very least you should compare a years worth of expenses and then divide by twelve. I don’t think it is correct to say you are retired and in the next breath say that you have an income from UA-cam. That is work, plain and simple. Instead of saying you are retired, why not say that you have found a job that you enjoy, and encourage people to search for that?
Just remove the items under atypical to get typical spending. During that month, I spent around 8hr a week making videos. So strictly speaking, you could say I am only 80% retired.
@@BeatTheBush Thank you, that is information that is useful. With a successful UA-cam channel you can earn $3200/mo. Working 32 hours in the month. About $100 dollars an hour, similar to what other professional’s earn per hour. Now people can decide if they want to pursue creating a channel or not.
@@rozinant1237 Careful these people on finance channels tend to be richer than average for their incomes. Normal people can't talk about the same amazing results without being as lucky as them and most won't be.
Signing up for credit cards all the time, looking for discounts, and making spread sheets to make sure I don’t go broke doesn’t sound appealing. I’m gonna work I till I have more money coming in then I know what to do with then I’ll retire.
@@hoss6981 he does it because he likes it. He spends 1500 a month and has a million in invested assets, he could live off of that forever. It's more of a mentality, he will never go broke with those numbers ahahh
@@albertofoti4152 he doesn’t have a million invested, he has 3/4 of that tied up in his house. Yes, it’s paid for, but it does not generate any income.
Multi-millionaire??? 🤣😂 not even close by my definition! Making 6-12k a month “working” for UA-cam also doesn’t qualify as “retired” - not in the real world anyway! When most of your “wealth” is in the small home you occupy in a bloated real estate market, in a state that is about to bust economically, VS in a solid retirement investment portfolio you are not really retired or a millionaire let alone a multi-millionaire. Good on you sharing your finances and how you stretch your money but you are deceiving people touting this “retired millionaire” status that just isn’t real!
I guess it depends on what your definition of retired is. If it means not working for anyone else in a typical corporate environment and still being able to survive by doing your own thing, then yes, he has retired. Not everyone can amass the number of subscribers to live off of youtube. Not everyone who retires is expecting to do absolutely nothing at all. That would be boring.
@@joe97nsx Nothing at all wrong with leaving the corporate world to be self-employed and earn a little less for quality of life. I applaud that 100%. However, he sells it as “retired”, “FIRE” and himself as a net-worth millionaire and then today he slipped in “multi-millionaire” which made me laugh! To boast being a millionaire you should have liquid or invested funds of at least 1M that stays pretty stable at 1M plus through the ups and downs of the economy and markets.. To say you are retired is not just changing jobs from corporate to self-employed. That’s not because anything is wrong with it but because IF you can’t support yourself solely on savings vs earned income (he’s still paying employment taxes into SS and Medicare .. double rate now since he is self employed)… that is not FIRE… it’s switching to being self employed. He “retired” at 37 with likely 40-60 years to live. He did not have the money saved to do that. Any retirement software would not give that retirement plan a 1 in 10 chance even with his current low burn rate. Of course if he makes 100k a year working for 20-30 years and saving and investing money wisely - he will likely have a nice 20-30 year real retirement. If he keeps up his current path he’s at great risk for the last 20-30 years of his life if he cannot or doesn’t want to work at some point.
Geez, JD. Who crapped in your cereal this morning? Just be happy for other people that are doing financially well and if you don’t like it you can go watch something else. No reason to be negative, and btw, a millionaire is a million dollar net worth, it doesn’t matter what it’s invested in as long as you can sell it and have 1M sitting there. Which last I checked, houses are very sellable.
@@ZacharyBuhler First I don’t eat cereal ick!! …. and am the happiest person there is…with no need to be jealous of someone not doing as well as I am! I’m very happy with my FIRE situation and wish BTB the very best… I said many complimentary things as well and watch him because I like him in general. I’m just concerned about him for the long haul and think while he helps a lot of younger people who watch, he also leads some of them in the wrong direction re FIRE, and esp investing for retirement etc. When he stays in his “how to be frugal” lane and credit card cash back etc he gives good advice… Sure a house is a sellable asset but prices can go down more rapidly than they rise or when interest rates double as they have recently. Have you noticed the economy is sinking right now?? You must be super young or missed 2008-09. If you own a house outright and are living in the house sure it’s great to have no mortgage payment esp when actually retired!! Still unless you want to live on the street… if you sell high and stay in the same area and don’t drastically downgrade, you will pay more than your proceeds to move to a similar house. If inflation soars and others end up without jobs and in debt, the home prices will crash and will be super hard to sell… and again you will need to live somewhere. Not really anything but a place to live doesn’t make you a millionaire in any sane universe! . Inflation at 40 year highs and interest rates double just a few months ago.. figure it out! Markets are down too.. and Bonds. Really bad situation is here and not getting better for quite some time. Just feel he’s in a vulnerable position. Trying to impart some experience and perspective. If that brings you down get over it and wake up!
also no matter what you make a video about if it has a spreadsheet in the thumbnail ima click on it lol. i feel like youtube is holding you at like this 10-20k views per video level.... I remember andre jik and grahmstephan were there for awhile and then all the sudden their channels just exploded. youtube algorithms are constantly changing, but I remember what made grahm stephan blow up was that stupid video he did about "the 5 million$ credit card" lol you and him have very different styles though. he likes to be a bit flashy/overly forward. when its a video about money, i prefer the cool calm and collected/humble style. like plainbagel or ask sebby robot. k srry for leaving a bunch of comments im just thinking outloud and trying to boost engagement btw there are some reddit posts about using the BOA custom cash card w/ 3% in online shopping and using it to pay for property tax and HOA fees through online portals. the card maxes out at $2500/3 months though ($833/mo), but you can get multiple of them. can also put 50-100k worth of stonk into a merral lynch BOA investing account and get 4.5% or 5.25% back on "online shopping", which might make more online portals w/ high fees or even Plastiq make sense.... thats a lot of work though
Ok so much energy spent on budgeting. I’d like to sell my things but I end up donating them Bc I just want them gone. And don’t want to spend the time meeting people or shipping or waiting for someone to buy it
He likes it so live and let live
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Oh Uplift, YES..... I have an Uplift desk, one of the best investments for my health I ever made... spend 2200.- for my set up, but got mine extra big with many extras plus a walking treadmill, love it!
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I would be interested in an estimate of the ratio of recurring expenses vs the non-recurring atypical expenses like the camera. In general, I find that people tend to have good estimates of recurring expenses, but not as accurate estimates of one-time expenses. Estimating both categories well is helpful in financial/retirement planning.
My atypical expenses are discretionary mostly. So I can choose to spend it if I could afford it. Tires are recurs in multiple months, fence in many years. It'd be easier to go back and track expenses rather than predict the future. For example, who knows if I may spend 10k on remodeling. Perhaps some solar panels?
I love your channel brotha you really push the limits of frugality!
Gives me peace of mind to have a low burn rate.
@@BeatTheBush that's what it's all about. Good for you on the retirement btw. I've been a lurker on your channel for years. Occasionally checking in.
366 bucks on restaurants- who is this person and what has he done with Francis?
I've done near zero and now this amount. I suppose this might add about $4000/year if I keep this up, lol.
I agree. I chalk a lot of this spending up to his girlfriend.
I love how you get great deals and then spend good money on things you really like. Great!
Helps pay for them. =D
@@BeatTheBush Exactly. Very smart.
@@louiseyvette2261 i wonder if he does these sponsors, gets a free item to review, and then right after he films the ad he turns around and sells the desk lol. thats what ide do
@@vevenaneathna sounds like a plan!
I think you enjoy being frugal and counting every penny. I grew up very poor but I've never valued money, even as I have much more of it. I don't spend crazily but I don't care so much about counting every cent - just doesn't seem worth the effort. To what end will you continue to do this sort of accounting? There's only so much stuff you can buy, I understand. Try this challenge: go six months without thinking about money, just spend reasonably and see how you like it. If at the end you see you're on a path toward destitution, go back to your stringent counting methods, but if was worth it and not much has changed fiancially, you've drastically bettered your quality of life.
I only counted every penny for this video. I actually do not budget monthly or as long as I remember.
I think it's actually refreshing to see someone how actually ends up being frugal even after they make money and someone that is not actually working per se. I see some people in this genre that are "frugal" and move into a $1.5m house.... I personally would not want to be as careful as you are with your money but certainly kudos to you and you have carved out what appears to be a very fulfilling and interesting life.
Are you a millionaire yourself Daniel? How much do you spend in a month?
So now that the stock market is tanking, I’d love for you to do a retrospective on your videos from 2020.. I actually avoided the market altogether because of your videos and was too surprised to see how strongly everything performed till this year. But definitely glad I never got in still because now I think there are real buying opportunities ahead. The sheer magnitude of “UA-cam finance gurus” during this time has also exploded. I know you’re trying to move away from finance topics, but would love if you revisit and reflect on those videos!
Time in the market beats timing the market!! Just get in!!
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hmm well I right now am buying I-bonds.... but the 10k cap per year is pretty limitiing... I also think the usgov is going to stop issuing them soon or lower them to 5k/year limit if things keep going this way lol. Honestly I just worry that there will be some crazy recession with the fed selling back all those junk mortgage backed securities at the same time that they raise interest rates at the same time that they restart student loan payments (next month?).... but when i look back on 2008, even though the feds cranked up inflation to 11 and you didnt want to hold cash during that time, at the begining of it because of the credit freeze and deflation, everyone was in a very tight spot and people were selling newish 20k cars for 6-7k as long as you had cash on had. yeah inflation hurts but having cash on had those first 6 months during a recession i think will offset most of the sting you endured from inflation. im just trying to say ur not wrong for keeping cash lol.
@JohnM0rris yeah but the way things are going, everything is getting super volatile so the next dip will probably be the biggest in a long time and could wipe out 20-30 years worth of growth, which is probably how much most people end up investing in their entire life lol.
Already hit like 2 seconds in..any vid from BTB sharing his income and expenses/spending deserves it :P
Thank you!
Honestly, if you are comfortable to live this way is the best. Not only reduce budget also reduce a lot of unnecessary footprints. I started to reduce the things I want to buy. I may not change the budget to purchase food.
You are multi-millionaire now, congrats!
Thanks! Doesn’t feel like it in California.
Omg you got a GH6. Did you always shoot M43? Which lens do you usually use? How are you liking the camera?
Hi Francis! Thanks for sharing this! What are the names of the 2 other yt channels you have?
'BeatTheBush DIY' and 'BeatTheBush Foods' I upload product reviews on the DIY like sleep masks, lol. And foods, I eat stuff.
@@BeatTheBush Thanks for your reply! Will check them out!
we miss you! although I have been enjoying watching beat the bush foods videos lately!
if possible, make an updated doge video.
Splurge on restaurant makes one feel comforted
I probably should do that more.
@@BeatTheBush no too salty and processed unhealthy
THAT is one fun desk!
Question is would someone really use the hammock option a lot?
Interesting ending music. I like the other original outro music as well. Could you make a UA-cam Playlist with all of the tracks you have created? Maybe another income stream might be licensing music through some online service?
All my music are from the free youtube library, I do not make it myself. I'll add the name of the outro music to this video's description.
Good to see your videos again....:)
Welcome back!
Peter bush. thats what youtube captions said lol
I'll take it! =D
Great video BTB, thanks for being so transparent when you don’t have to!!
Thanks! Sometimes, once the secret is out, it allows for more in depth discussion that'll benefit the viewer. =D
Doge at $0.05, went from $600k of profit to a $20k loss wow
So crypto much hodl
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when for the net worth update ? It will be nice to see how your portfolio’s doing
lol actual banged knee.
I was looking at your older vids recently and it seems like the finance ones still get a good amount of views even though theyre older.
I was thinking, it would be very helpful for people getting into the flow of finance to see your setup or the way money moves around. maybe this is a bit... too much personal info coz if someone knows u get your paycheck deposited into BOA on the 5th of every month for example,
so maybe more like a hypothetical or what u used to do when you had a more substantial income.
I feel like with the federal funds rate going up, it makes more sense to seek out some 5-6% APR savings accounts to put ur emergency fund money in, and then maybe direct some money into a high yield savings like w/ synch/ally/goldmansacs
maybe I should try making this video... I feel like you would do a much better job than me though. I was just gunna use a whiteboard expo marker and hold my old ipad up.... kinda like ur og videos lol
Thank you for the breakdown. I’m trying to sell stuff. You have used those cash back options like a pro. And yes! Food and the experience are so worth it!!!
If your stuff doesn't sell, just lower the price 10% at a time.
A little off track here but when is the best time to close a credit card without hurting your credit score? Thank you. Love your channel.
When the one you are closing credit limit is less than 5% of your total. And close ‘young’ cards only.
Love seeing the bottle of Windex in the background!
A bit messy lately since I am moving some stuff around. And when that runs out, I make my own windex.
Where is your charity line item?
What do you use to track your expenses? Microsoft excel?
I don't track expenses as I find it too time consuming. Rather, my normal mode is to spend little.
Got to separate capital expenditure like your camera from your living expenses. At most show the depreciation of it as expense. Didn't notice any dividends as income.
I also invested 10k on Savings I bonds at 9.6%. I do get some dividends.
I wonder why BTB doesn't have that $2 donation tag on every video?
Ryan, You don’t need to justify your McDonald’s purchase 😂😂 I’m a once a week Sausage McMuffin addict 😂
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What 10% cash back card are you using for markets (when you use it to pay for bills this month)?
Targeted offer that I got started around 3-4 years ago.
@@BeatTheBush SYW?
What keyboard do you use?
ua-cam.com/video/dXXydacWMU4/v-deo.html A white 60% mech keyboard with optical browns
Francis you need to exit doge.. u made the correct call when u bought.. but unfortunatley now u miss all the sell momentum.. from know on the down momentum is going to continue for at least a year.. and if you think about it i think you will realize that.. you can use your buying timming skills from much lower price.. greetings from argentina
Why would he sell at a loss? Lol
@@vincentchuvc cause this ship is going down.. maybe he can reflect on that..
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Is the hammock attachment for real? Get out of here! I'd never get any work done. You'd always find me either swinging around in the hammock and/or asleep under my desk all the time. 🤣😂
Why'd you decide to get the Lumix and not something else like a Sony a7?
Ease of upgrade since I had a GH5 before.
@@BeatTheBush do you like it? Any photography or just videos?
How is your property tax so low for California? Isn't it 1% of the home value which is $1mil+?
Based off the purchase price of the property, not current value
CA have Prop 13.
BTB any plans to do another podcast with Graham and Jack?
No plans at this moment but it might happen.
the elusive Lumix gang 😎
You should on one too?
@@BeatTheBush yeah gh5, I love it but don't know of anyone else that uses Panasonic.
How do you like the GH6 vs the GH5? Selling your old gear?
It's the same but more powerful as it's needed for the ProRes files. Haven't decided if I'll sell the old stuff yet but likely.
After all this time you still have the little stuffed animals :)
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Thank you thank you
You’re welcome!
You should focus on getting back to where you can make $200K per year with an engineering job. With inflation running so hot, those that work are handsomely rewarded over FIRE.
Wow $44 for food? Most people would be $600 a month. eating out looks expensive.
Your day to day living expenses are low. If you truly don't want to work anymore, this really shows you how little money you need as long as you do not have expensive tastes and are willing to shop around/change providers or suppliers if they don't make financial sense anymore.
Or perhaps be very intentional on where you spend. I find some things can cost a lot but give little emotional satisfaction. Other times, a few dollars in your favorite food goes a long way.
@@BeatTheBush 100% agree. I do find there is alot of garbage people pay for that gives little to no enjoyment. Enjoy your tips on how to achieve financial freedom faster (by using frugality).
this almost seems stressful to live like this. Always monitoring your finances. The key is to be free and never have to worry about it, that involves yoloing tesla and bitcoin and coming back in 6 years
Your very lucky u don’t have any Heath issues?
I noticed u don’t even pay for meds. because being ill can take away a lot of out of pocket money with hospitals, Dr. Fees etc.
Good for u👍
No major health issues for now. I eat pretty plain and actually cant eat out too much since outside food is salty.
YOU MUST MAKE A VIDEO ON CRYPTOS🤯
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Where can I put $600,000 USD right now?
If you don’t need it for three years, look into energea and invest in community solar in Brazil.
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You’re so detailed. Seems like alot of work keeping up with everything. Lol It’s quite impressive lol
Thanks! Actually, it was more work making this video since I had to gather all this info in one spot.
you spend more than you earn, you are qualified to be a congressman.
I don't think I've ever done this before but spikes in spending doesn't count right?
Dogecoin update?
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You paid for Tesla in cash?
Yep
Fruit "ate from yard"Was it your own yard?
Yes
No maintenance on the Tesla? haha *yes*
None. Initially, I did buy a few minor accessories.
Have you sold all your doge coin ?
Nope. Bag holder.
Can you explain more about how you get cashback buying and using visa gift cards? I'm interested to try it but don't quite understand what it entails.
Use a credit card that has grocery category cash back. Or drugstore category. Buy gift cards at those places and get cash back. Buy $500 value visa gift cards since they usually charge a fee of $5.95 to lower the percentage costs.
Multi million? I am multi hundreds...
You have to also factor in age, everyone goes their own pace in wealth accumulation.
I banged my knee on the desk and I'm off to the doctor today :/
Did you see the bruise I got in my picture? I know how you feel.
2 people to eat at restaurants... GF affecting retirement confirmed 😂
i use GIMP instead of photoshop - you can't beat free :)
Used it before, too slow for me.
When you mentioned McDonald's craving. Yup. It happens once in a while lol🤣 to anyone
I was on a quest to try out their quarter pounder because I was told they grill the meat when you order. Sure enough, it tastes better than the cheeseburgers.
@@BeatTheBush I like the McChicken. Just the right spiciness!
See if you didn't panic sell in June 2020 for the biggest bull run of all time you would probably didn't need to be frugal.
*Do a video on doge*
“My expenses are greater than my income because I haven’t been uploading” then immediately cuts to sponsored segment 😂
XD XD
I have to say, the sponsor segment was well done. He actually showed all the features of the product
can you make a vid about 4th industrial revolution....automation anxiety is so real
Robots really are taking over more and more jobs but the use of it is not funding UBI. Not sure if I have enough to say about that to make a full video but I'll mull over it.
What about Dogecoin? You had 1 million+ dollars in Dogecoin and see it as a good long term investment. Are you doubling down now Dogecoin is now $0.07?
as you were talking, it's now 0.05. he has 1 million in dogecoin which means he lost money already.
Nah, in my experience, doubling down is not a great way to limit exposure. You have to set the amount you want to invest and not grow it indefinitely.
@@BeatTheBush It is only 6 cents now. If you thought it was a good investment at $0.70, why not now? You can get it a 92% discount on an investment and dollar cost average down.
@@cheaserceaser apparently he knew it was gamble.. he won't gamble anymore.. but he sold his tesla shares when it went down.
@@petecheng1 If he was a Dogecoin millionaire and believes in Dogecoin, he can buy Dogecoin at a steep discount. His videos repeatedly said he is investing for long term. Buffett said to buy when people are scared.
Are u a millionaire with many assets? The passive income u mentioned here doesnt add to millions
I've heard that ad rates are down for all financial youtubers which would explain why you're not making as much. Advertisers are pulling back.
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Don’t you have any desire to have a family and children ?
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From your videos I get the feeling you are a nice person. Obviously you're successful at setting personal goals and managing your career/financial goals. I would like to suggest that a personal goal you could set and work would be finding a longterm life partner. I thik it's something worth the effort that you would find happiness from.
Thanks for your suggestion!
@@RickMartinUA-cam definitely not always easy. It's probably more difficult for some than other's but I believe it's possible for good people to find other good people. This fellow is a nice guy who's figured out how to live off making videos on his own schedule. I have faith he can find a person who can share his life with.
yes i want to see beatthebush babies toO!
👍🏻
=D
you can fix the fence yourself, great DIY project, what a waste of money.
That would involve selling my services to my neighbor. As you can imagine, that gets complicated if they don't like my DIY job.
51 dollars for water mine cost 7 move out that shit hole
Whoa, would be great to pay 7. The thing is, $30 is just for having the service. $21 of this is the water.
@@BeatTheBush 2 dollars is for the water 5 is for service for me
If you cancel out those one time payments. Your spending is crazy low. You could spend more on yourself say $500 to $1000 more a month on discretionary stuff. That would improve your lifestyle A lot, just remember you can’t take the money with you when your gone.
it's about lifestyle, it seems struggling to you? I don't think so. He is enjoying being frugal, it's a strange feeling, but some people are simply like this.
I like to keep track of expenses, trying to impact the world as little as possible, trying to suffer a bit.
It's the same reason why when you use cheat codes to spawn money in a game suddenly you get so bored and you wanna quit.
Best investment would be a really good retirement financial planner to manage his investments appropriately!! He’s lost SO much money just in the last few years he will need when truly retired due to his own poor investment knowledge and so many foolish ill-timed decisions. Sure as long as he lives off current work with lower burn rate, it’s not an issue BUT he is putting his true retirement at extreme risk.
The only thing I can think of is having Pho once a week. I have pretty low desires in day to day stuff. Perhaps finally traveling to Japan when they open up. @JD My portfolio is down but my net worth is about 10% down from all time highs.
@@albertofoti4152 never said the word struggle… just thought I’d give me two cents is all.
@@MrNGTfan123 yeah yeah, and also I come from Italy so I don't really know if he is spending really low or avarage. Our salaries are 30k avarage, but there are a lot of people with 1500 euro per month and they live fine.
Probably in the bay area he could spend more since it's a really expensive area, but I don't think he is holding himself back, that's what I wanted to say
Wish you had taken an average overtime instead of a single month
Just doing this alone took me a day's work, so if I were to average 12 months... 12 days? 10 days? Ouch.
But you’re free”, right?
You are not "retired" if you're still relying on uploading videos to youtube
I do it for fun these days. I get in the zone.
@@BeatTheBush LOL Don't tell me you donate all the money left over after paying taxes, fees, etc. to charity!!!! You have a lot of views if you want you could instead of donating it to charity donate to your favorite non profit.....
what does retired even mean lol. ~75% of all "retired" people in the US over age 55 say they continue to work some side job and earn money on the side... i get what youre saying though, that maybe hes not retired coz if he stops youtube he might not be able to pay the bills. so in reality being "retired" is more specific to how much u have in ur bank/saved/to ur name
@@vevenaneathna How can people be retired and still be working and collecting income? There is no way I could consider myself retired and be an employer or employee!!! Retired title will get views but switching careers seems to get fewer views in my opinion (Our Rich Journey) talks the same s**t and I suspect for similar reasons.
@@donaldlyons17 eh i mean if 3 out of ever 4 people litterally do the same thing and call it retirment then i dont think it is misleading. imo retired just means youre doing what you want to do now and are basically financially independant. thats what most people think of. if you stop working or being productive your brain will turn to goo. its like your body has evolved to know its a parasite on the society so it trys to off itself or cause people to find a purpose. this is what i think mazlo was tyring to explain in the top tiers of his heirchay of needs. i hate psychology though so it makes sense to me that psychologists would sit around and wonder about their purpose all day lol
You still spend more than I do jjjj
Age might be part of it. If you are much younger, perhaps you have a lot less recurring costs?
Im 42 now, I live in Europe I have managed to spend something between 15k and 20k euros per year, Im still working and trying to FIRE but here the system forces you to work until 64-67 so Im being realistic and now I just want to work less and get money from investments. It Seems to be easier to FIRE in the US. Anyway Keep doing this videos, they are a source of inspiration.
Tools aren't a 'guy thing' but that was very cute when you were saying it..
I argue it is. When I go to any hardware store, it's mostly male shoppers. Many guys I know even collect tools but I don't know any gals that does the same.
@@BeatTheBush hardware stores here have as many women working them as they have men.
This is a silly video. Why would you pick a drastically non-typical month to compare your income with your expenses? At the very least you should compare a years worth of expenses and then divide by twelve. I don’t think it is correct to say you are retired and in the next breath say that you have an income from UA-cam. That is work, plain and simple. Instead of saying you are retired, why not say that you have found a job that you enjoy, and encourage people to search for that?
Just remove the items under atypical to get typical spending. During that month, I spent around 8hr a week making videos. So strictly speaking, you could say I am only 80% retired.
@@BeatTheBush Thank you, that is information that is useful. With a successful UA-cam channel you can earn $3200/mo. Working 32 hours in the month. About $100 dollars an hour, similar to what other professional’s earn per hour. Now people can decide if they want to pursue creating a channel or not.
@@rozinant1237 Careful these people on finance channels tend to be richer than average for their incomes. Normal people can't talk about the same amazing results without being as lucky as them and most won't be.
Shout-out to Sri Lankans who are experiencing 135% inflation. God bless us ❤️🙏
Serious? Looking it up... 33.8% CPI increase from 1 year ago. 45.1% increase in food. So I guess 135% is for a certain category of product or service?
If this is what a retired millionaire is like I’d rather keep working lmao this life sucks
Does it? Lol. I feel pretty content.
Signing up for credit cards all the time, looking for discounts, and making spread sheets to make sure I don’t go broke doesn’t sound appealing. I’m gonna work I till I have more money coming in then I know what to do with then I’ll retire.
@@hoss6981 he does it because he likes it.
He spends 1500 a month and has a million in invested assets, he could live off of that forever. It's more of a mentality, he will never go broke with those numbers ahahh
@@BeatTheBush it does you live like a loser I lived better peddling bags unemployed with no savings
@@albertofoti4152 he doesn’t have a million invested, he has 3/4 of that tied up in his house. Yes, it’s paid for, but it does not generate any income.
wait wait wait wait... MUTI- millionaire? Geezus
=D =D
just downoad photoshop cracked lol
I like to go the legit route since I am make money off of it in a commercial sense.
first
Thanks for being first!
Multi-millionaire??? 🤣😂 not even close by my definition! Making 6-12k a month “working” for UA-cam also doesn’t qualify as “retired” - not in the real world anyway! When most of your “wealth” is in the small home you occupy in a bloated real estate market, in a state that is about to bust economically, VS in a solid retirement investment portfolio you are not really retired or a millionaire let alone a multi-millionaire. Good on you sharing your finances and how you stretch your money but you are deceiving people touting this “retired millionaire” status that just isn’t real!
Well... thanks for watching anyway.
I guess it depends on what your definition of retired is. If it means not working for anyone else in a typical corporate environment and still being able to survive by doing your own thing, then yes, he has retired. Not everyone can amass the number of subscribers to live off of youtube. Not everyone who retires is expecting to do absolutely nothing at all. That would be boring.
@@joe97nsx Nothing at all wrong with leaving the corporate world to be self-employed and earn a little less for quality of life. I applaud that 100%. However, he sells it as “retired”, “FIRE” and himself as a net-worth millionaire and then today he slipped in “multi-millionaire” which made me laugh!
To boast being a millionaire you should have liquid or invested funds of at least 1M that stays pretty stable at 1M plus through the ups and downs of the economy and markets.. To say you are retired is not just changing jobs from corporate to self-employed. That’s not because anything is wrong with it but because IF you can’t support yourself solely on savings vs earned income (he’s still paying employment taxes into SS and Medicare .. double rate now since he is self employed)… that is not FIRE… it’s switching to being self employed. He “retired” at 37 with likely 40-60 years to live. He did not have the money saved to do that. Any retirement software would not give that retirement plan a 1 in 10 chance even with his current low burn rate. Of course if he makes 100k a year working for 20-30 years and saving and investing money wisely - he will likely have a nice 20-30 year real retirement. If he keeps up his current path he’s at great risk for the last 20-30 years of his life if he cannot or doesn’t want to work at some point.
Geez, JD. Who crapped in your cereal this morning? Just be happy for other people that are doing financially well and if you don’t like it you can go watch something else. No reason to be negative, and btw, a millionaire is a million dollar net worth, it doesn’t matter what it’s invested in as long as you can sell it and have 1M sitting there. Which last I checked, houses are very sellable.
@@ZacharyBuhler First I don’t eat cereal ick!! …. and am the happiest person there is…with no need to be jealous of someone not doing as well as I am! I’m very happy with my FIRE situation and wish BTB the very best… I said many complimentary things as well and watch him because I like him in general. I’m just concerned about him for the long haul and think while he helps a lot of younger people who watch, he also leads some of them in the wrong direction re FIRE, and esp investing for retirement etc. When he stays in his “how to be frugal” lane and credit card cash back etc he gives good advice…
Sure a house is a sellable asset but prices can go down more rapidly than they rise or when interest rates double as they have recently. Have you noticed the economy is sinking right now?? You must be super young or missed 2008-09.
If you own a house outright and are living in the house sure it’s great to have no mortgage payment esp when actually retired!!
Still unless you want to live on the street… if you sell high and stay in the same area and don’t drastically downgrade, you will pay more than your proceeds to move to a similar house. If inflation soars and others end up without jobs and in debt, the home prices will crash and will be super hard to sell… and again you will need to live somewhere. Not really anything but a place to live doesn’t make you a millionaire in any sane universe! .
Inflation at 40 year highs and interest rates double just a few months ago.. figure it out! Markets are down too.. and Bonds. Really bad situation is here and not getting better for quite some time. Just feel he’s in a vulnerable position. Trying to impart some experience and perspective. If that brings you down get over it and wake up!
The content and quality of this channel has been deterring significantly . Will unsubscribe unless I see some improvement.
Interesting you think so. =/
Sour grapes 😝
@@minghiy whatever
also no matter what you make a video about if it has a spreadsheet in the thumbnail ima click on it lol. i feel like youtube is holding you at like this 10-20k views per video level.... I remember andre jik and grahmstephan were there for awhile and then all the sudden their channels just exploded. youtube algorithms are constantly changing, but I remember what made grahm stephan blow up was that stupid video he did about "the 5 million$ credit card" lol
you and him have very different styles though. he likes to be a bit flashy/overly forward. when its a video about money, i prefer the cool calm and collected/humble style. like plainbagel or ask sebby robot. k srry for leaving a bunch of comments im just thinking outloud and trying to boost engagement
btw there are some reddit posts about using the BOA custom cash card w/ 3% in online shopping and using it to pay for property tax and HOA fees through online portals. the card maxes out at $2500/3 months though ($833/mo), but you can get multiple of them. can also put 50-100k worth of stonk into a merral lynch BOA investing account and get 4.5% or 5.25% back on "online shopping", which might make more online portals w/ high fees or even Plastiq make sense.... thats a lot of work though
Thanks I appreciate it! Boa Custom cash? I might just try that property tax trick and see how it turns out. Thanks!