▸▸▸ www.365daystofire.com/ Enrollment is now open for our 365 Days to F.I.R.E. Program for 2025 Sign up and get: ◼ Completed F.I.R.E. Plan, Stock Investing Plan, Real Estate Investing Plan, etc. by the end of program ◼ Daily F.I.R.E. Actions ◼ Monthly Live Q&As ◼ Small Accountability Groups ◼ Quarterly Book Club ◼ 3 Meet-ups in Portugal, including a 2-Day Conference with us in Porto! ◼ Private Facebook group ◼ Lifetime access to daily tasks, recorded live Q&As, recorded book club meetings, Facebook group, and resources ◼ Discounted future meetups as 365 Days to F.I.R.E. program alumni ◼ And more! To learn more and enroll NOW, go to: www.365daystofire.com/
I grew up in Japan to a Japanese mum and a British dad, and I got the best of both worlds. Watching mum record all the household spending in her kakeibo every week taught me a lot about frugality and saving, whereas it was my dad who taught me about investing. Saving is definitely praised in Japan (for those who can afford to) but investing, not so much. I'm thankful for both my parents🥰
Thanks for sharing your story! It's amazing how you got to experience the best of both worlds-learning the art of saving through the kakeibo and gaining investing insights from your dad. Both skills are so powerful when combined. You’re lucky to have such great influences! 😊
We use to live in Japan and it was crazy how happy everyone seemed just living a simple lifestyle. No huge homes, no fancy cars..just living in the moment. I never thought it might be because the culture may be minimalist 🙌🏼
I agree. I visited Japan a few times and noticed that people are not too concerned with brands and keeping up with the trends. Everyone is either dressed in a minimalist style or embrace their own unique style.
I think Japanese money saving techniques like Kakeibo, the traditional budgeting method, are really effective. It’s a mindset of minimalism, focusing on needs over wants, which could help anyone grow their wealth steadily.
Over the past 5 yrs I've averaged a savings rate of 55%. But that's because I'm in my early 50's and didn't have any retirement. So 5 yrs ago I finally got into a position where I could actually save and now I'm trying to make up for lost time. DO NOT WAIT TO SAVE!
The content was excellent, and I really enjoyed it as a Japanese person. It brought back memories of elementary school when a banker would visit once a month, and we’d bring cash to school to learn about saving. However, we weren’t taught how to invest money. Interest rates with Japanese banks are very low compared to other countries. After moving to Canada, I began learning about investment, and as a mortgage broker, I’ve noticed that many Canadians use the principle of "borrow money to make money." I believe saving, investing, and having good debt are key to building equity. I hope that more Japanese people can learn to grow their wealth beyond just saving.
Thank you for sharing your experience! It’s really interesting to hear how different countries approach saving and investing. You’re absolutely right - learning to invest and understanding good debt can make a huge difference in building wealth. Hopefully, more people in Japan and beyond start exploring those options!
So many lessons learned here! Ever since moving to New Zealand, me and my partner has been saving and being mindful over our spending as we want to purchase a house in 2 years time! I have already adapt to this simple life. I feel way happier and free! ❤
That's awesome! Growing up with a good saving culture is a great foundation, and it’s cool that moving to Asia expanded your perspective even more. There’s always something new to learn!
Savings has helped me and my family alot. I learnt it from my Dad, also investing too. You can't have financial freedom if a portion of your income doesn't go to savings.
For the average person I'd suggest starting with 15 percent and the invest half of raises. Invest in the s and p 500 index and in 20 years you'll be what most people consider wealthy.
Great advice! Starting with 15% and investing half of future raises is a solid, sustainable strategy. Consistency is key, and investing in something like the S&P 500 index over time can definitely lead to long-term wealth. Simple, effective, and a great plan for those looking to build wealth steadily. Thanks for sharing your insight!
After finding out that you’ve lived in Japan, I immediately felt a sense of connection! I was born and raised in Japan, so seeing these aspects of Japanese life highlighted in your videos really resonated with me. My mother, like many others, kept a daily household ledger, and it’s common to see Japanese families save significantly, even with modest incomes. When I moved to the U.S., I was surprised by the use of credit for purchases without having the cash, and the concept of growing wealth through real estate or business investments was new to me. Most Japanese people still don’t invest much. I’ve been learning so much about investing in the U.S. thanks to your channel, and I really appreciate all the valuable education you provide. In many Japanese households, women are typically the ones managing the finances and setting the family’s budget, making sure everything stays on track. Thanks again for the great content!
Although It's becoming increasingly difficult for young people in America, especially like CA and NYC where rents and homes are so expensive, there're still ways to save an invest. I am a huge advocator for teaching young kids finance, as young as possible. You can't rely on schools or government LOL
Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.
Very interesting video. It's so true that financial education in schools would help so much in the US. The US Department of Education will never approve that though because too many companies/industries make money from people being in debt. It's so sad but people really need to look out for themselves in this country and need to educate themselves on their own. That's why it's great that UA-cam channels like yours exist! People can learn so much from your content.
Thank you for this video. I feel confirmed in my financial journey by it. I too focus on being prepared for another emergency + have been building my emergency stash 4 the past few years. (takes time & resources)Today, I ordered a large stash of batteries ( of various types) & 3 cans of powdered milk. I despise debt , have some but am getting rid of it. Saved nearly 30% of the back paycheck. Live way below my means. I love this life style. Thank you!
I visited Vietnam twice for a month each trip, and Taiwan once.. I observed the living spaces or homes are built smaller and vertically. That has changed my mind since about the size of a house to live in. As an African American, I see houses so huge in the USA. "The not so big house" by Sarah has also helped me solidify this concept firmly in my head. Excellent video.
Add in that whereas Japanese have fewer material goods, they often purchase higher quality, long lasting products (even in their clothing). I often buy Japanese pens and art materials because the Japanese produce high quality goods. We, as Americans, generally are all about more, more, more and we are very much a throw away culture instead of keeping items for as long as possible like my grandmother did. As a final note, my daughter is now a doctor and learning about investments and savings. She told me that she would have liked to have learned this earlier in her life as a child. So great that the Japanese do not neglect this with there children. Thus my granddaughter is learning early from her mom. Never too late!
Thank you very much, I always budget and keep my accounts with two notebooks. I use a simple calculator and I manage to put a little money aside each month. I started doing this when I started working. I learned a few years later that the Japanese do the same thing. Thank you both for your video. I am also a minimalist.
I always love your channel. I lived in Japan in the late nineties. My Japanese friends did have significant savings compared to American peers. A large portion of them put money in paper envelopes under the mattress. This surprised me. A lot lived with their parents while in their twenties. I also saw that my Japanese friends were very spendy. Shopping in mall arcades and high-end stores was a weekly activity for many. They had so many new and nice clothes and also a passion for French and Italian luxury goods. Amazing to see that they could save so much. Thanks for another great video.
Thank you so much for your kind words and for sharing your experiences! It’s fascinating how, despite the love for luxury goods and shopping, many people in Japan were still able to save significantly. The cultural differences, like living with parents in their twenties, definitely play a role in that balance between spending and saving. It’s always interesting to see how these habits vary! Thanks again for watching and for your thoughtful comment! 😊
I cannot receive a response from you because of a computer problem but I wish you would have said at what age do children start getting financial literacy training in Japan?
I am from Japan and live in the US. I think Americans don't save money in the bank, but they invest in stocks, mutural funds, ETF, real estate, and 401k. So, Americans have more assets over time.
TRUE.... Some people cannot save as they are paying multiple mortgages which may sum up to over 50% of their income and end up with more valuable assets rather than bank savings that do not cover inflation.
Creating wealth requires cultivating positive habits, such as consistently saving money at regular intervals for worthwhile investments. Managing finances is an essential subject that many people often avoid, which can lead to challenges later on. I hope that anyone who comes across this message achieves great success in life.
Starting early truly is the best strategy for getting ahead and building wealth, and prioritizing investments is key. From my experience last year, I've learned that investing early has allowed me to create a more suitable life for myself this time around.
Dining at a restaurant in Japan doesn't involve tipping-instant savings! Just kidding, but I worked as a software developer for a Japanese company about 20 years ago. I remember they once asked us to fit a ton of information on a tiny 3x4-inch piece of paper. In contrast, in Western countries, you might see just one sentence printed on a whole A4 sheet!
Haha, no tipping definitely helps with the savings! 😄 That’s a funny contrast too-Japan really knows how to maximize space, even on paper! It’s such a different mindset from how things are done in the West. Thanks for sharing!
You're absolutely right! Healthcare costs in the U.S. can definitely eat into savings, making it harder to build wealth. Universal healthcare, like in Japan, helps people focus more on saving and less on worrying about unexpected medical bills. It's a big factor when comparing savings habits between countries!
The problem is the USA WANTS people to be in debt. They thrive off of fees and interest. Credit card industry, college loans, etc its all a business so societal wise people are psychologically conditioned to spend what they dont have. You turn on the TV and see a 70 inch flat screen thats advertising "Buy now, pay later". BRUH
In addition, the way Japanese receives income is a little bit different. They receive bonus twice a year which means they have to budget low on monthly expenses and they can save a good portion of bonuses. And their employment is much stable than US meaning less layoff rates and longer working years.
That's a great point! Getting bonuses twice a year definitely helps with saving, and having more stable jobs allows for better long-term financial planning. It’s a system that really supports consistent saving habits!
It’s awesome that you’ve embraced that mindset! And you're right, Japan’s national debt is one of the highest in the world, which can seem surprising given the country’s strong saving culture. The government debt and personal savings habits are a bit of a paradox, but Japan’s unique economic factors, like low interest rates and a strong domestic bond market, play a role in how they manage it. Thanks for sharing your insight!
to be honest...when you live in a place like Japan where the cost of living in most areas hasn't changed one cent for decades....it's a lot easier to save half your income. Not when the cost of living continues to go up but your income doesn't.
That’s a really valid point! Stable living costs can definitely make it easier to save, and it’s a different challenge when your income isn’t keeping pace with rising costs, like in many other places. Finding ways to save in those situations can feel much harder, but it’s possible with the right strategies and mindset. Thanks for sharing your perspective!
If what you saved 5 years ago can still buy the same as it could then, saving makes sense, but with the inflation most currencies are facing saving loses value for our cash every month. 😮😢
May I make a suggestion for your videos, its easier for your viewers if you put chapters on your videos. You'll get more clicks & ppl will be more inclined to want to watch & stay engaged 😉
I believe people are more happy without stress. Debt and figuring out how to pay for what you need is that when you can't afford things you need to sustain life. It's extremely stressful then comes bad health medications which all have side effects not good especially long-term use. So savings can lead to alot of good life habits. Do a pros/ cons list of what happens without saving, and what happens with. Start there.
THANK YOU! community savings groups....great idea! Accountability, set goals, track spending, achieving goals, emergency preparedness, etc. Great tips! Thank you !
You trying to influence saving in USA and people will say "Why are you judging me" Japan is a culture which heavily judges people and set standards something most Americans would cry if they had casted on them. The Amazing thing about yourself is you can do as you please and never allow the culture to be an excuse, every person has their own ways and values change them to the japanese or whatever but make the change. Asian Americans have the highest saving and invest rates in USA also. They still do not lose their mindset when they are living in Japan, do better USA.
In the USA were individualism is celebrated and encouraged, adding its Me Me Me culture, parents waiting for a child to turn 18 to kick them out, that Japanese community & accountability saving method would be dead on arrival. How unfortunate 10:44 😏. The USA can learn a lot from other nations about family value ‼️
Totally get it. The cost of living keeps rising, but income doesn’t always keep pace, and those taxes really add up. It makes saving feel like an uphill battle sometimes. 😞
While your point about incomes (in some sectors) not keeping up with rising costs is valid, I think your understanding of taxes is wrong. Income and sales tax (for most) are significantly higher in Japan. In addition to spending beyond their means, too many Americans double-down by complaining that taxes are high, when in fact US taxes are much lower than they are in many other countries.
Dawg no wonder thier stock market is doing so poor. They don't buy anything. The entire country is full of horrible consumers. I hope Americans don't pick up on such a horrible habit. We need the continuous consumption to support the inquentiable greed of our corporate overlords.
Great question! Yes, most Japanese do save in yen, and while the yen can fluctuate in value like any currency, Japan hasn't seen the same level of inflation or devaluation as the US dollar over time. However, some Japanese also diversify their savings into foreign currencies or investments to protect against potential changes in value. Thanks for watching and for your thoughtful comment!
@@OurRichJourney The Japanese yen has seen significant devaluation (versus other currencies). So ... yes, yen savings tend to hold "value" vs. low inflation in Japan. Other commentors have claimed income growth is slow in the US. Income growth has been non-existent in Japan for ... MANY years. And yen savings have taken a huge hit vs. the US dollar (and other currencies), making foreign travel and/or purchases for Japanese much more difficult.
It's the Americans that taught the world, excess and wastage. Although Japanese households save, their government didn't seem to learn it. Probably when they became a democracy and didn't have to own the problems of debt, politicians went a bit wild.
The Metabo Law is such an interesting approach to health! It's a great example of how cultural and government initiatives can help people stay mindful about their well-being, which in turn can affect long-term healthcare costs and savings. Thanks for bringing it up!
All that is true but you forgot Not having kids. Minimalism is ok for an adult person but with having kids you need a larger house, a larger car, spend more money that cannot be saved. So the real Japanese secret for saving more is to not have kids. But soon other people kids will go and live there for very cheap once the country will be empty of its population.
▸▸▸ www.365daystofire.com/
Enrollment is now open for our 365 Days to F.I.R.E. Program for 2025
Sign up and get:
◼ Completed F.I.R.E. Plan, Stock Investing Plan, Real Estate Investing Plan, etc. by the end of program
◼ Daily F.I.R.E. Actions
◼ Monthly Live Q&As
◼ Small Accountability Groups
◼ Quarterly Book Club
◼ 3 Meet-ups in Portugal, including a 2-Day Conference with us in Porto!
◼ Private Facebook group
◼ Lifetime access to daily tasks, recorded live Q&As, recorded book club meetings, Facebook group, and resources
◼ Discounted future meetups as 365 Days to F.I.R.E. program alumni
◼ And more!
To learn more and enroll NOW, go to: www.365daystofire.com/
I grew up in Japan to a Japanese mum and a British dad, and I got the best of both worlds. Watching mum record all the household spending in her kakeibo every week taught me a lot about frugality and saving, whereas it was my dad who taught me about investing. Saving is definitely praised in Japan (for those who can afford to) but investing, not so much. I'm thankful for both my parents🥰
Thanks for sharing your story! It's amazing how you got to experience the best of both worlds-learning the art of saving through the kakeibo and gaining investing insights from your dad. Both skills are so powerful when combined. You’re lucky to have such great influences! 😊
I'm so happy for you 🥹 I pray to I got the opposite of yours and I really hope to learn Kakeibo quickly! 🥹 I really need it. 👍❤️
British???
Every family has that one person who will break the family financial struggle, I hope you become the one
We use to live in Japan and it was crazy how happy everyone seemed just living a simple lifestyle. No huge homes, no fancy cars..just living in the moment. I never thought it might be because the culture may be minimalist 🙌🏼
So true!
I agree. I visited Japan a few times and noticed that people are not too concerned with brands and keeping up with the trends. Everyone is either dressed in a minimalist style or embrace their own unique style.
I think Japanese money saving techniques like Kakeibo, the traditional budgeting method, are really effective. It’s a mindset of minimalism, focusing on needs over wants, which could help anyone grow their wealth steadily.
Over the past 5 yrs I've averaged a savings rate of 55%. But that's because I'm in my early 50's and didn't have any retirement. So 5 yrs ago I finally got into a position where I could actually save and now I'm trying to make up for lost time. DO NOT WAIT TO SAVE!
Never too late, I maxed out my 403b contributions in my 50s. It helped.
me 2 iam 54 years old and I don't have a savings....
Sum it up in one word = "discipline."
The content was excellent, and I really enjoyed it as a Japanese person. It brought back memories of elementary school when a banker would visit once a month, and we’d bring cash to school to learn about saving.
However, we weren’t taught how to invest money. Interest rates with Japanese banks are very low compared to other countries.
After moving to Canada, I began learning about investment, and as a mortgage broker, I’ve noticed that many Canadians use the principle of "borrow money to make money." I believe saving, investing, and having good debt are key to building equity. I hope that more Japanese people can learn to grow their wealth beyond just saving.
Thank you for sharing your experience! It’s really interesting to hear how different countries approach saving and investing. You’re absolutely right - learning to invest and understanding good debt can make a huge difference in building wealth. Hopefully, more people in Japan and beyond start exploring those options!
Most indians r same, i know how to save but struggle to invest but i m slowly edicating myself
So many lessons learned here!
Ever since moving to New Zealand, me and my partner has been saving and being mindful over our spending as we want to purchase a house in 2 years time!
I have already adapt to this simple life. I feel way happier and free! ❤
I grew up in Nigeria and developed a very good saving culture but moving to Asia opened my eyes to so much more than saving.
That's awesome! Growing up with a good saving culture is a great foundation, and it’s cool that moving to Asia expanded your perspective even more. There’s always something new to learn!
Please share the savings tips you learnt in the far East.
Savings has helped me and my family alot. I learnt it from my Dad, also investing too. You can't have financial freedom if a portion of your income doesn't go to savings.
For the average person I'd suggest starting with 15 percent and the invest half of raises. Invest in the s and p 500 index and in 20 years you'll be what most people consider wealthy.
Great advice! Starting with 15% and investing half of future raises is a solid, sustainable strategy. Consistency is key, and investing in something like the S&P 500 index over time can definitely lead to long-term wealth. Simple, effective, and a great plan for those looking to build wealth steadily. Thanks for sharing your insight!
After finding out that you’ve lived in Japan, I immediately felt a sense of connection! I was born and raised in Japan, so seeing these aspects of Japanese life highlighted in your videos really resonated with me. My mother, like many others, kept a daily household ledger, and it’s common to see Japanese families save significantly, even with modest incomes. When I moved to the U.S., I was surprised by the use of credit for purchases without having the cash, and the concept of growing wealth through real estate or business investments was new to me. Most Japanese people still don’t invest much. I’ve been learning so much about investing in the U.S. thanks to your channel, and I really appreciate all the valuable education you provide.
In many Japanese households, women are typically the ones managing the finances and setting the family’s budget, making sure everything stays on track. Thanks again for the great content!
Although It's becoming increasingly difficult for young people in America, especially like CA and NYC where rents and homes are so expensive, there're still ways to save an invest. I am a huge advocator for teaching young kids finance, as young as possible. You can't rely on schools or government LOL
Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.
I use Kakeibo. Perfect method!
Very interesting video. It's so true that financial education in schools would help so much in the US. The US Department of Education will never approve that though because too many companies/industries make money from people being in debt. It's so sad but people really need to look out for themselves in this country and need to educate themselves on their own. That's why it's great that UA-cam channels like yours exist! People can learn so much from your content.
Am from Kenya 🇰🇪 and and we prefer to pay cash for almost everything
Thank you for this video. I feel confirmed in my financial journey by it. I too focus on being prepared for another emergency + have been building my emergency stash 4 the past few years. (takes time & resources)Today, I ordered a large stash of batteries ( of various types) & 3 cans of powdered milk.
I despise debt , have some but am getting rid of it.
Saved nearly 30% of the back paycheck. Live way below my means.
I love this life style. Thank you!
Excelente material! Made me think about how I can incorporate it to the preschool I work. Thank you.
Wonderful!
I visited Vietnam twice for a month each trip, and Taiwan once.. I observed the living spaces or homes are built smaller and vertically. That has changed my mind since about the size of a house to live in. As an African American, I see houses so huge in the USA. "The not so big house" by Sarah has also helped me solidify this concept firmly in my head. Excellent video.
Add in that whereas Japanese have fewer material goods, they often purchase higher quality, long lasting products (even in their clothing). I often buy Japanese pens and art materials because the Japanese produce high quality goods. We, as Americans, generally are all about more, more, more and we are very much a throw away culture instead of keeping items for as long as possible like my grandmother did. As a final note, my daughter is now a doctor and learning about investments and savings. She told me that she would have liked to have learned this earlier in her life as a child. So great that the Japanese do not neglect this with there children. Thus my granddaughter is learning early from her mom. Never too late!
@dawn4224 Totally agree with you.
This is for me. I am glad to see this video. Immediately putting into practice what I have just learned. Thank you.
Here in UK there is also no financial education in schools when you are young
Thank you very much, I always budget and keep my accounts with two notebooks. I use a simple calculator and I manage to put a little money aside each month. I started doing this when I started working. I learned a few years later that the Japanese do the same thing. Thank you both for your video. I am also a minimalist.
I always love your channel. I lived in Japan in the late nineties. My Japanese friends did have significant savings compared to American peers. A large portion of them put money in paper envelopes under the mattress. This surprised me. A lot lived with their parents while in their twenties. I also saw that my Japanese friends were very spendy. Shopping in mall arcades and high-end stores was a weekly activity for many. They had so many new and nice clothes and also a passion for French and Italian luxury goods. Amazing to see that they could save so much. Thanks for another great video.
Thank you so much for your kind words and for sharing your experiences! It’s fascinating how, despite the love for luxury goods and shopping, many people in Japan were still able to save significantly. The cultural differences, like living with parents in their twenties, definitely play a role in that balance between spending and saving. It’s always interesting to see how these habits vary! Thanks again for watching and for your thoughtful comment! 😊
They're just a self-disciplined and modest group of people
Absolutely! Their discipline and modesty really shine through in their saving habits and overall lifestyle. It’s pretty inspiring!
Great info. They are very collective, and all live in a house together and share everything. They never over consume like some other cultures.
Absolutely!
I cannot receive a response from you because of a computer problem but I wish you would have said at what age do children start getting financial literacy training in Japan?
I am from Japan and live in the US. I think Americans don't save money in the bank, but they invest in stocks, mutural funds, ETF, real estate, and 401k. So, Americans have more assets over time.
I’m sure the saving rate include all those things.
This is so true
TRUE.... Some people cannot save as they are paying multiple mortgages which may sum up to over 50% of their income and end up with more valuable assets rather than bank savings that do not cover inflation.
Creating wealth requires cultivating positive habits, such as consistently saving money at regular intervals for worthwhile investments. Managing finances is an essential subject that many people often avoid, which can lead to challenges later on. I hope that anyone who comes across this message achieves great success in life.
Starting early truly is the best strategy for getting ahead and building wealth, and prioritizing investments is key. From my experience last year, I've learned that investing early has allowed me to create a more suitable life for myself this time around.
Dining at a restaurant in Japan doesn't involve tipping-instant savings! Just kidding, but I worked as a software developer for a Japanese company about 20 years ago. I remember they once asked us to fit a ton of information on a tiny 3x4-inch piece of paper. In contrast, in Western countries, you might see just one sentence printed on a whole A4 sheet!
Haha, no tipping definitely helps with the savings! 😄 That’s a funny contrast too-Japan really knows how to maximize space, even on paper! It’s such a different mindset from how things are done in the West. Thanks for sharing!
Good one. Educational and enlightening.
Thank you kindly!
They also have universal healthcare in Japan. Healthcare in the US can take a chunk of your income if you must pay copays, and buy medications.
You're absolutely right! Healthcare costs in the U.S. can definitely eat into savings, making it harder to build wealth. Universal healthcare, like in Japan, helps people focus more on saving and less on worrying about unexpected medical bills. It's a big factor when comparing savings habits between countries!
Yet ... so few Americans seem to support universal healthcare. The Japanese government also sets limits on what health care providers can charge.
I'm 67 I will follow your advice
You guys rock. Great video, I watch you guys so much that I want to move to Portugal lol
Awesome! Thank you!
Thank you for sharing the experience of living in Japan and how they started to save.💜🥰💕
The problem is the USA WANTS people to be in debt. They thrive off of fees and interest. Credit card industry, college loans, etc its all a business so societal wise people are psychologically conditioned to spend what they dont have. You turn on the TV and see a 70 inch flat screen thats advertising "Buy now, pay later". BRUH
This was really good guys. Food for thought💡Thank you. 💝💝💝💝
Our pleasure!
Learned a lot 👍👍 Thank you for the info
Wonderful, thank you very much for this enlightenment
Do you guys have video on how you move to Japan woth kids?
In addition, the way Japanese receives income is a little bit different. They receive bonus twice a year which means they have to budget low on monthly expenses and they can save a good portion of bonuses. And their employment is much stable than US meaning less layoff rates and longer working years.
That's a great point! Getting bonuses twice a year definitely helps with saving, and having more stable jobs allows for better long-term financial planning. It’s a system that really supports consistent saving habits!
Having a less stable employment environment should make it even more important to budget in good times and save more.
Very good and meaningful video. We can follow their example and learn from their disciplined ways of saving
I love this, I have always lived this way. Strange that Japan has a national debt of 263% of GDP which is one of highest in world.
It’s awesome that you’ve embraced that mindset! And you're right, Japan’s national debt is one of the highest in the world, which can seem surprising given the country’s strong saving culture. The government debt and personal savings habits are a bit of a paradox, but Japan’s unique economic factors, like low interest rates and a strong domestic bond market, play a role in how they manage it. Thanks for sharing your insight!
When you mentioned japanese not liking debt does that include mortgage or do they pay in cash for their homes?
Seems like they work and buy from their saving
to be honest...when you live in a place like Japan where the cost of living in most areas hasn't changed one cent for decades....it's a lot easier to save half your income. Not when the cost of living continues to go up but your income doesn't.
That’s a really valid point! Stable living costs can definitely make it easier to save, and it’s a different challenge when your income isn’t keeping pace with rising costs, like in many other places. Finding ways to save in those situations can feel much harder, but it’s possible with the right strategies and mindset. Thanks for sharing your perspective!
If what you saved 5 years ago can still buy the same as it could then, saving makes sense, but with the inflation most currencies are facing saving loses value for our cash every month. 😮😢
Great tips. Thank you for sharing.👍🏾
You are so welcome!
You are so welcome!
Please keep in mind Japan consists of Japanese people U.S.consists of people from ALL OVER THE WORLD 😮
May I make a suggestion for your videos, its easier for your viewers if you put chapters on your videos. You'll get more clicks & ppl will be more inclined to want to watch & stay engaged 😉
I believe people are more happy without stress. Debt and figuring out how to pay for what you need is that when you can't afford things you need to sustain life. It's extremely stressful then comes bad health medications which all have side effects not good especially long-term use. So savings can lead to alot of good life habits. Do a pros/ cons list of what happens without saving, and what happens with. Start there.
Great tips Thanks for sharing.
The sum of it all is discipline !!
Thanks for watching!
financial education in non-existent in the schools in the USA...I wonder why?...any ideas as to why???
Because if it were, the glaring injustice of wage theft and income disparity would be brought to the front
Because they need you to go into debt and get a 9-5 for the next 40 years.
Missed watching you guys! Im back on track and more passionate than ever
Thank you so much for sharing this amazing video ❤❤❤
I love the video!
Great video ❤
Great information
Glad it was helpful!
THANK YOU! community savings groups....great idea! Accountability, set goals, track spending, achieving goals, emergency preparedness, etc. Great tips! Thank you !
Love it 😀
Yay! Thank you!
You trying to influence saving in USA and people will say "Why are you judging me" Japan is a culture which heavily judges people and set standards something most Americans would cry if they had casted on them. The Amazing thing about yourself is you can do as you please and never allow the culture to be an excuse, every person has their own ways and values change them to the japanese or whatever but make the change. Asian Americans have the highest saving and invest rates in USA also. They still do not lose their mindset when they are living in Japan, do better USA.
In the USA were individualism is celebrated and encouraged, adding its Me Me Me culture, parents waiting for a child to turn 18 to kick them out, that Japanese community & accountability saving method would be dead on arrival. How unfortunate 10:44 😏. The USA can learn a lot from other nations about family value ‼️
Thanks again for a great video 😊🎉❤
Thank you so much for watching and for your support! 😊🎉❤ I'm glad you enjoyed the video, and I appreciate your kind words!
Do they donate charitably?
That’s because we’re taxed every which way and everything costs an ungodly amount, while our income has not increased enough to keep up… 😞
Totally get it. The cost of living keeps rising, but income doesn’t always keep pace, and those taxes really add up. It makes saving feel like an uphill battle sometimes. 😞
@@OurRichJourney definitely does! I’m trying though!
While your point about incomes (in some sectors) not keeping up with rising costs is valid, I think your understanding of taxes is wrong. Income and sales tax (for most) are significantly higher in Japan. In addition to spending beyond their means, too many Americans double-down by complaining that taxes are high, when in fact US taxes are much lower than they are in many other countries.
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They have to be savers consider their wages never really increase despite low inflation
I luv paper + pen!
Forgot to mention Japan's universal healthcare and lower cost of living
Japan also has one of the lowest birth rates in the world. If you aren't producing children your saving ability can stand at that rate or higher.
Th is was not always the case in the US. This is a modern day phenomena. Prior to WWII Americans were much more frugal
I haven’t watched you guys for a while, I last saw you in Portugal. Japan? What?
Hi There 😊
Hi Danelle!!!🥰🥰🥰
Arigato, Japan. 💙💚💛🤎🤍❤️💜🩵🖤☮️
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They have too. They don't have social security etc.
Dawg no wonder thier stock market is doing so poor. They don't buy anything. The entire country is full of horrible consumers. I hope Americans don't pick up on such a horrible habit. We need the continuous consumption to support the inquentiable greed of our corporate overlords.
Imagine how high some of those rates have to be if the average is 39%…
Those saving rates must be pretty impressive for the average to hit 39%!
Great Video. Are the Japanese saving in Yen? Does their currency lose tremendous value like the US Dollar?
Great question! Yes, most Japanese do save in yen, and while the yen can fluctuate in value like any currency, Japan hasn't seen the same level of inflation or devaluation as the US dollar over time. However, some Japanese also diversify their savings into foreign currencies or investments to protect against potential changes in value. Thanks for watching and for your thoughtful comment!
@@OurRichJourney The Japanese yen has seen significant devaluation (versus other currencies). So ... yes, yen savings tend to hold "value" vs. low inflation in Japan. Other commentors have claimed income growth is slow in the US. Income growth has been non-existent in Japan for ... MANY years. And yen savings have taken a huge hit vs. the US dollar (and other currencies), making foreign travel and/or purchases for Japanese much more difficult.
It's the Americans that taught the world, excess and wastage.
Although Japanese households save, their government didn't seem to learn it. Probably when they became a democracy and didn't have to own the problems of debt, politicians went a bit wild.
Singapore save 70% of their income😊
I like their metabo law too..
The Metabo Law is such an interesting approach to health! It's a great example of how cultural and government initiatives can help people stay mindful about their well-being, which in turn can affect long-term healthcare costs and savings. Thanks for bringing it up!
japan used cash most not like US all credit cards
Agree
I save 110% of my income
Well done 😂
I think I'm turning Japanese 🏯 😂😂😂
Haha! 😂🏯 It sounds like you’re well on your way with those saving habits! Thanks for the laugh, and I’m glad you enjoyed the video!
Are you referring to a song because I really think so
I LOVE that you guys are a black couple. Very encouraging.
however cost of living is cheaper in japan than it is in america
All that is true but you forgot Not having kids. Minimalism is ok for an adult person but with having kids you need a larger house, a larger car, spend more money that cannot be saved. So the real Japanese secret for saving more is to not have kids. But soon other people kids will go and live there for very cheap once the country will be empty of its population.
1day a meal 1week shower no handphone for 2week . Work n sleep 1 a month shopping
Dave Ramsey
They don’t buy luxury stuff
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What about Indian?
Hello
Hey!
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👍🏻
I am confused. Something does not seem quite right here.
Bcoz they are saver, it is not good for their economy to be productive
Bc this is ameroca