Before each purchase I think: do I really need it? Will I use it enough? And for non-consumables, where will I store it, what will it replace? (for instance I am currently shopping for a black cross body bag, the old one is falling apart so I want something similar but better quality to replace it). It feels so great when I use something til it breaks or it's too worn to use!
1. Creating instead of consuming 2. Taking a breath (taking a break to reflect, take a walk without screen distractions) 3. Less but better when it comes to investing (never invest in a business that you cannot understand & diversification is protection against ignorance, it makes very little sense for those who knows what they are doing) 4. Networking: Your network is your net worth, surround yourself with people who are better at what they are doing than you to learn from them 5. Stealing from myself: Paying yourself first so that your bank account seems empty and you are motivated to earn more money 6. Building systems: Creating systems and habits to ensure everything that helps you and makes you grow gets the attention it deserves
Yeah taking a walk helps.. I took a week to first of all identify where I get ideas from. Now when I take a walk, before sleeping or even in the shower. I have a book or note pad always close to me to write down ideas..
Everything you say is so effortlessly relatable. I'm trying to figure out a way to ditch my 9-9 job and be financially independent. Frugal spending is something I've adapted from you and it gives such satisfaction every time I decide to cook instead of ordering food online. Simple living now feels like a luxury. Keep giving more insights like these, considering you're one of those people whom I surround myself with, to be inspired.
I started a 401K when I began my career. I started with the minimum to get my employers contribution. Every time I got a raise, it went to my 401K for years until I maxed my contribution. Many years later, I have a secure retirement
Pay yourself first, live below your means and invest in low cost index funds. Everytime you make more money, increase your investing. Let time do its thing. It works.
Just found you while scrolling aimlessly lol. Except for the occasional valuable opinions like yours it's true! Scrolling is a big way I waste time and procrastinate! Happy to find you. Nashville Tennessee
Habits that helped me through the years for myself… 1) Pay your debt - Stephen A. Jarilowsky 2) Save first, spend if needed after. Not the other way around - Warren Buffet 3) Save automatically - David Bach
Thanks @GabeBult great list of habits. You mention that you are an introvert, is that really true? Being an introvert myself, I would love for hear your thoughts on the subject. What has stopped me from starting a business is my inaptitude at selling my skills.
Am in Las Vegad, but will be returning to Orange County, California. LV is too much like Babylon, Sodom, those places that were destroyed because the good prevailed.
A book I read long ago (Vicki & a guy, can't remember the name) where they explained ways to make your money work for you, and there really was a crossover point where your money will make money for you instead of the endless hamster cage of working/getting paid/spending. It gave me hope that there was a way out of the rat race, and something much better beyond it. Ah, I think it was Your Money or Your Life. They also talked about looking at purchases in terms of how many hours you'd have to work to pay for that item! Gave me a whole new perspective on spending.
Your Money or Your Life by Joe Dominguez & Vicki Robin. That book shaped my life. I live within my means & have abundant delights. I recommend that book!
An interesting thing- I was at a charity meeting which included a few quite wealthy people (the kind where you are never sure just how wealthy they are!). At one point I laughingly pulled out my flip phone- and so did the wealthiest people at the table. This was a lightbulb moment. Also, those same people were also driving minimum 5 year old vehicles, as I was.
A lot of this requires you to hve the flexibility and resources to implement and i think thats why a lot of us dont get around to it. I have some flexibility so now i create, make time for myself and push myself more. In the beginning its hard to make these sacrifices so it requires a LOT of will power
Great content. I have to share this with you. You are the only minimalist, financial-related creator that I have been for a long time. And I think your advice and examples actually work. I'd say that you are part of my Top 5 influencers in my life. A 1000 times thank you!
Hi! Fantastic videos you create, I love them! I have one question for when you do your research on companys their finances, business strategies and structures etc. to decide whether a company is a potential good business to invest in, where do you look to find this information please? Keep creating amazing content! Thank yooooouuuu!
Great tips I’ve been lately last 3 years listening and learning from Successful people . Reading books etc , lectures, videos .. studying money . But I gotta say I never have heard anyone say or thought of it myself we are consumers my God we r so wired that way I think not all but most are . That’s a awesome tip u gave . Glad I found I first time I subscribed left a thumbs up. Wanted your opinion pls . I got the two books just yesterday , grow Rick think rich and the millionaire next door.. which one would U start reading first. I have read rich dad poor dad a couple years ago . I will read them both but which one should I start with ? Thanks in advance great video can’t wait to listen to more .
Tell yourself you were wealthy and lost it all. You have 5 years to get it back. Save (invest) 30% of your income and let that dictate how much rent and food you can afford. Scale up 2% on saving each year for the 5 years. You will be wealthier than most Americans after that short period and able to make the decisions you DREAM about.
The majority of Americans could not afford rent or food when saving 30% of their income - hence the issue with wages not keeping up with inflation/cost of living.
Love the idea of creating instead of consuming and anytime we are on Instagram we also give too. I will definitely start doing that, the more I consume on Instagram I will try and creat my own content. Thanks
I started taking breaks so that I’m not being overwhelmed by my work. I enjoy what I do, so at times I’ll take several hours off to be outside and get some sun. Which gives me a time to relax and appreciate what’s happening outside.
Have you or will you tell me more about how you were able to quit Instagram and the benefits you’ve seen from it? I love the idea of only going on if I have content to give instead of only consuming! It’s wild to think about it like that!