Amazon was supposed to be a cheaper option. Nope. Now Amazon is more expensive. Not only that, but Prime Membership is more expensive, and offers less and less. Amazon is charging extra for food delivery (used to be free with Prime), they are charging to remove adds from Amazon Streaming Services now, they eliminated being able to play music your way for Amazon Music now you have to pay extra if you don't just want to shuffle. Amazon has become substantially more expensive, and quite frankly, a cancer. We have canceled our Prime membership completely and no longer shop on Amazon.
I work in tech. If my device works, it stays. If it doesn't work, I figure out why and fix it. I order from places that offer used goods (not food) and they are always primo, and I'm not sending something to a landfill. Keeping and fixing and buying second-hand saves a boatload of money for me.
NEVER do I sign up for anything that isn't full price from the get-go. I look at that and wonder what is wrong with those people who sign up. Eventually you have your wallet sucked dry.
We live in a nickel and dime nation. Only a $10 sub here there and everywhere. Round up, tip, tip jar. Oh, your pay doesn't go up, but on your annual review, they will see how you can improve production.
Agree with everything except hot tub. I use our hot tub at least once a day and it really helps my body feel better. It’s not that much work and the cost is very reasonable. However if you don’t use it frequently then I would agree
The opening remarks reminded me of Niccolo Macchiavelli's quote "But above all he must refrain from seizing the property of others, because a man is quicker to forget the death of his father than the loss of his patrimony.”
There once was a mogul in doubt, Who thought books would pave his way out. He read forty or more, 'Til his eyes were quite sore, But his business still went down the spout.
As a medical librarian on a modest salary, one way I’d like to add or suggest people “treat” themselves, if they choose to, is find less expensive ways to do so. This includes online and in person. For Amazon, to reduce impulses, I don’t save card details online and instead, create a buffer between my money and the items in the cart by entering them each time. That way, these can be evaluated before pressing check out. For in-person, when I need or occasionally want some new clothes or essentials, I shop at discount homeware sites, like TJ Maxx or Homegoods. Usually a much better value for quality items than MSRP retail, in most cases. I also like to use credit card reward points for free gift cards for essentials or to allow small indulgences without necessarily having to spend much or any money; things like $50-100 Target gift cards are great, and I ask for gift cards often in birthdays/holidays for help with gas, food, or in the case of hobbies- fitness, wellness, gardening, art, or beauty supplies. This saves money on having to buy these originally and still allows “fun money” within reason, because it’s guilt free spending. Finally, every quarter or so, if feeling like needing or wanting a treat, I give myself a budget of working within any pet sitting side hustle money for entertainment. If I want a coffee out, a pedicure, or some kind of experience, that’s the money for fun; combine it with gift cards, and that can save a lot of money on “discretionary” spending. There is no guilt either from this, because the limit is based on cash; anything wanting to buy beyond the allotted amount, has to wait the following month again until having the cash to do so. Because the side hustle income fluctuates, I don’t punish myself about wanting to enjoy life when the money is available, as long as it stays within reason, and all bills/expenditures are paid off first and retirement accounts are contributed to. In other words, essentials are paid first, and any leftover is put into savings or for the fun money. This “third, third, and a third” approach to money, inspired by my mother, at least personally makes me feel like life can still be enjoyed and not feel deprived. If you’re interested, give these a try. Your “thirds” can be anything- money to charity, investments, bills, vacations, etc. I prefer this method because it also makes keeping track of finances just much simpler.
I’m not broke. But I look like it. Not bragging, I just grow much of my own food, live in an RV, share the cost of our property with family and drive an 09 truck with a door that doesn’t open.
I MAKE MY OWN FOOD NOW AND I DONT GET SICK FROM IT BUT WHEN I WAS GETTING FOOD Dlivered i was sick all the time and it was not cheap i live in london uk
Being a retired teacher, I have been blessed to receive a pension as well as social security. Living within or below our means has done wonders to build our wealth. Thing is we have way more that we came up with. Nothing destroys wealth like expensive cars. We own our vehicles and keep them until they just can’t anymore. Just the fancy cars alone would cost 💲 10000 extra annually. A complete waste.
💯% consumer based economy. Most people have zero discipline, no self control and continue to uphold the facade by living behind their means. Sprinkle financial illiteracy in and you have the perfect storm.
Ive tried to show my kids (when they were teens) how much money they blew on small stuff each month - things like coffee, fast food, small target runs, etc. To them $5-$15 at a time didn't feel like much. But, when I added up their purchases over a month, they were blowing $300-500 a month on nothing. Sadly, though it surprised them, they didn't really stop. One of them slowed down a bit, but when she gets around her friends, she can't help herself.
I'm watching from Slovakia and it's similar situation. Housing prices went up so high, people teke morgage for 30 years and they are afraid of losing job. Most people don't make enough to afford these houses, minimal salary is not enough to live alone. If you live alone and you need to rent , you will live paycheck to paycheck looking for discounted foods in the supermarket
Whatever makes you happy. People are not equal and some of them are happy by working super hard for their truck. That’s nothing bad, if it’s making him happy.
hello. I live in Mozambique, one of the poorest countries in the world, and I am trying to obtain some financial security by looking for councils to achieve this mission, I believe this is an important point discussed in the video, but I tend to think that poverty is a static concept and applicable to any context, I could first elucidate what it is to look poor, because, if I look poor in my context, I will die of hunger and cold.
there are some things you can do to deal this, some obvious some less so. 1. Use Privacy generated virtual cards for subscriptions. Cancelling is as easy as just close that virtual card. 2. If inflation is stealing your purchasing power then switch to a currency that's deflationary by design. This is possible now since the invention of crypto. There are many reputable ones to choose from, bch, dash, xmr etc. Sure you have to deal with the volatility short term but long term they'll appreciate vs the dollar. Of course another option is to also buy PM.
Conversation in a corporate board room goes like this : “ How high can our profits rise for our shoddy poor quality products and how long can we continue to fleece and deceive the consumer for these over priced products? “
Well I'm not here too and I have no idea where to buy a in California where I live a duplex that I could afford the payment on if the renters couldn't pay except Maybe bakersfied but I don't even know how to find that
At the end of the day, People are the ones who make the decisions to blow their money on convenience lifestyle type items, subscription services, etc. It’s almost like society needs a re-education on how to live frugally.
The point about very young people expecting the same things as those much older is so true. There are very wealthy young people and broke older people but the general concept is true.
