Folks on other platforms seem to be missing the point of this video. This isn’t a “save all your money” Dave Ramsey style video, it’s a live your life while you can video. Enslaving yourself to overtime for the rest of your life just so you can flex all your toys to your buddies that you can’t even enjoy because of said overtime isn’t living at all. The comments on RU-vid is why this will forever be my favorite platform. You guys get it 🫡
Some people dont understand this. They will be in debt and forever broke down and enslaved to a job to pay their over extended debt...and barely able to enjoy all their toys. I swear you know our friends!!😂😂
I work as much overtime as I'm allowed to, to have enough money to buy my job back from my employer when I cost my employment money like cutting all studs at an angle and the building collapses
Lets say it costs 100k including interest and insurance and fuel over 5 years, and he commutes 1 hour each way 220 days a year, that means it costs 45 bucks each way to and from work. I betcha he could've hired a driver to take him to and from work every day for cheaper. And if his hourly wage is 45 dollars AFTER taxes, it means the first two hours every day, he works JUST to GO TO WORK. Two hours every day, he works just to hand over money to a bank, car company, insurance company and oil company. All to look "successful". Its a magnificent cultural fabrication.
When I was a young man, an older co-worker told me that there is nothing sweeter than driving a paid-off vehicle and living in a paid-off house. I followed that man's advice.
My car has been paid off for a decade now. Which makes it really easy to throw extra money at the principal of my mortgage. Every dollar of that saves me about six dollars in interest over the course of the loan.
@@86Framer2 cars, 2 motorcycles, and the house are all paid off. You can have your toys, the trick is to get them one at a time and fully pay them it off before getting another one -- over MANY years, buy used, don't buy the "premium priced" brands, etc. Keep everything well maintained and preferably garaged so they last long enough to extract maximum enjoyment from them. I'd rather have my two fully paid off Kawasaki's (used 2005 Vulcan Classic 1500 paid $4k, and used 2020 z900rs paid $9k) -- both run like new -- than having a single new Harley Davidson with $30k+ debt on it. Most recent purchase was a 2005 Ram 1500, paid in cash, plus another $2k to replace the worn out front end -- truck should last another 10 years. Slow and steady wins the race.
That reminds me of a post I saw a long time ago on facebook, in a car group where someone posted a picture of a car. And they said, tag the owner, and someone tagged some bank lol.
Can we just acknowledge for a sec that people are spending $75-100K on PICKUP TRUCKS. That’s bonkers. That ain’t inflation, that’s Lifestyle Marketing.
@@RK-cj4oc A job worth about $10/hr 10 years ago is still worth about $10/hr today, the real problem is inflation and the only solution is to actually solve the inflation problem and not use band aids to cover the actual problem.
My coworker pays 1,500 a month on his and his wife’s new cars. Just yesterday he told me he hates being paid on Wednesday because after he pays all his bills he’s broke. I didn’t have the heart to tell him being paid on Wednesday had nothing to do with it.
1700$ a month is ludacris 😭 shiii, I can buy a reliable second hand straight out the lot for 10k.. best believe you ain't gonna wipe the smile off my face, ain't owe anyone shiiiit 😂
I feel the same thing about when companies and apps try to offer "get paid weekly". That won't change anything. Getting paid more often doesnt do anything, you get the same amount of money every month.
I have tried explaining that to some people at work, especially since the tax brackets recently changed, and they just don’t get it. All they see is that overtime check hitting their bank accounts and don’t think beyond that. One woman I work with, after I told her she should go home and get some rest when she was sick, asked, “you gonna pay my bills? You gonna pay me for taking time off?” We used to get the first eight hours of overtime worked as comp time (state prison job). But the state got shot handed and people were more interested in money than time off that they switched to first two hours is comp, everything after is overtime pay. Now, people don’t earn enough time to take off when they are sick, just plain exhausted or have a last minute, non-health related issue come up and they have to burn sick time, vacation, and comp time just to take a day off whereas we used to not even work half a year due to all the use or lose time we built up from comp. And they don’t understand that that overtime check is getting hit with 30% tax in addition to their taxes at the end of the year. 3-4 of them were complaining about having to pay in this year instead of getting a refund but they all stopped when I walked in and laughed at them.
It's made me rich. That and living off grid like a tightass. But most of my family is like this. Live tight as hell and some have bought houses WITH NO MORTGAGE. The only debt I've ever had has been mortgages. Last car I bought was while I was unemployed.
I do agree with this, but dont go overboard with it or there is no reason to be rich at all. What good is a billion dollars if you wont even buy yourself dinner from time to time? Gotta find a balance
Live poor and one day you can be rich, when you're old, sick, non-ambulatory and don't have anything fun to spend your money on so you spend all day in a chair wondering where your youth and time went 😅
@hellocar123 you're talking about the difference between living below your means and being forced to live in poverty levels BECAUSE of situations that forced you into that for however long it might take to crawl out of that hole. If you even can. Doesn't make the first comment untrue.
this is why i buy hot wheels tracks that i love to put together despite me being 21. its cheap, its fun, and who TF i got to impress other than people like minded as me
Absolutely. I only work 6 months of the year but when I do it's overtime and I only spend 20% of my income. Make $1400 a week and spend about $200-$250. Even only working half the year, I'm about to become an investor.
72 yrs old. Lived debt free for a long time. I was the guy eating the bologna sandwitches driving older cars. Lotsa money in the bank. When I wake up, I do what I want. Love it. Debt sucks….
I hate debt. My parents were always up to their eyeballs in debt when I was growing up and actually declared bankruptcy twice (almost three times). As a result, I pay for everything right away.
@@danielredziniak2996 I have friends and colleagues who live paycheck to paycheck. If I asked them, they probably don't remember what their lunch was 2 weeks ago. They sure are stressed when times get tough though.
I recall the first time I ever got myself into debt, it was because I lost my job at the same time as I got an ambulance bill and major car repairs. I use my credit card to float through the unemployment and float down payments to when I did have a job again. It took me half a month to pay off and that entire time there was always the lingering dread about what if something happened to me again then I wouldn’t be able to afford the debt or what if I lost my new job because then I wouldn’t be able to afford the debt. After that, as I was getting it all paid off, I took a serious look at my finances in my expenditures and cut out a ton of stuff that was really just waste of money so that way I can get myself solvent again, and ideally never need to take on any more debt. The thing that really cinched it was having to limp home with the gas light on after the card had only have the money I expected to purchase fuel with because earlier that day after I last checked it, it got dinged with the interest payment. I still think about that terrible rain storm day and hell just a little frivolity or interest more and I wouldn’t of been able to get home.
I tried to explain this to a co worker 15 or 20 years ago. He was in the lunchroom bleating that the eeeeevil company didn't pay him enough. He made $30 an hour and all the overtime he wanted to pick up. So I pointed out his new truck, named off his boat, ATVs, snowmobile, cabin up north, $500,000 house, all the things that I'd heard him brag about. "I deserve that stuff!" He snapped. "That's your problem, " I said.
I always refuse to tell myself I deserve something because it breeds entitlement. For instance, my living arrangement isn't exactly what I would like, but it's also not objectively bad and it is financially very good for me, so I put up with it even if it isn't what I want. If I told myself I deserve a nicer house (which I sometimes catch my mind wanting to do), then I'll end up with a ridiculous mortgage spent on a house not worth the money I'm paying for it. So suck it up I shall lol, and my wallet thanks me
my wife refuses to tell herself she deserves something, too. i hear her all the time- "I must have done something to deserve this miserable poor life. God is punishing me." I'm glad she's so understanding 😅🙏#blessed -Jimmy
My boss recently said overtime was available now. So work as much as you want. I responded I am. 40 hrs is good enough, and tume with my only kiddo is more valuable. I just recently read "the only one that will remember you did over time is your kids."
@@Sashazursadly I bet when my father is on his deathbed he’ll have wished he worked a little harder to go to just 1 more country. This year my parents have been out of country for all 4 kids’ birthdays’
There is SO much truth in this. I actually say similar things to my coworkers. They buy new cars all the time and they'll work until their 70. I'm frugal, never had a new car in my life, take lunches to work and I will be retiring at age 51. Don't take the bait.
Why would I give everything to a company that won't even give out a pension and who demands a 2 week notice before quitting when they will fire you in a heartbeat. 40 hour guy is right.
So how do they look at 4 months per year, 24-32 hours per week of those 4 months? Because that's what I'm boiling it down to now... I mean... gotta make some sacrifices... like being perpetually on vacation... but life ain't so bad.
yup that's the American brainwashing. Americans have ben brainwashed to think working your life away is a good thing and a flex. you see it all the time where American dudes think they are flexing by saying they do 12hour shifts. as if not having any free time was a flex. + i think USA is the only country that does not have vacation as a human right. even slaves in china have by law the right to a few days vacation per year. in the US it's considered a privilege that employers don't have to give you. it's really sad how brainwashed the US people are about their situation. they don't realize how they are the worst 1st world country with the least freedom.
One of the things more people need to learn is that the real value of money is being able to choose to earn it have less of it, and not have that be a problem.
I personally have one those hanging folders in my file cabinet full of titles. I may not have just one super nice truck but I do have one truck for every different need!!! One crew cab 4 wheel drive f150, small lift and 35s. One service body work truck, 446000 miles but still paying the bills, one 12v Cummins 4 wheel drive just cuz why not, a 98 ford ranger just cuz, a 90 model long bed c1500 work truck because I can. Some one please explain to me where my paid for shit fleet won’t make more money than one over priced debt mobile…..
My mother was always the financial strategist in the family, but what inspired me most was what people said of her, rather than what she told me. She would always drive to work in a beat down car into a parking lot full of modern or expensive cars. From what I heard, some employees were mildly teasing her(she was a manager and built that kind of relationship with her employees) about this observation that her car was the dumpiest in the lot, a truth she didn't mind and wasn't offended by. Then someone from HR butted into the conversation. "Ma'am, can you please pick up last month's paycheck? A-and the paycheck before that?" "Oh yeah, I'll get to it eventually, thanks," my mom replied. Many employees, who apparently were living paycheck to paycheck, looked at her with their jaws dropped. To me, THIS was a more satisfying flex than any car.
I was often working away from my home office. I never made a special trip for my paycheck, sometimes 2-3 would be in the safe before I got back. It would drive my coworkers absolutely nuts. It's not hard to be sitting on a pile of cash when you live modestly.
At my office job paychecks come out twice a month and, this has happen to me a few times. When you have money sometimes, you just forget about your paycheck (smile ... smile).
My dad drove the same truck for 21 years ... the odometer stopped working 4 years before he just gave it away with around 400,000 miles on it. When I was a kid, I thought he was poor, now at 40, I know he could have paid cash for 3 new trucks if he wanted to... but was wise enough not to. My dad was a concrete finisher his whole life. Came home dirty everyday from work. Today, he is a millionaire.
hell yeah, hard honest work pays off, but a little frugality and common sense take it even further. My gramps drove a UPS brown truck for decades and retired.He's also a millionaire now from his investment and retirement plans and literally cannot spend the money faster than its accumulating now. paid off house/land, paid off car, paid off tractor, everything! He finally replaced his WalMart special laptop he bought in like 2013 over the holidays.
@@chadrides914Sounds like he needs a little push to get the gears grinding and realize he’s being a lil bitch who is sitting on a golden ticket and is too scared to use it and combat his insecurities
I work with four guys who all drive newer, nicer vehicles than my 2011 Nissan. They're all deep in debt. One guy drives an old rusty Honda and works another job with his wife and has very little debt. He won't buy any car he can't buy for cash. He makes no payments on cars. Smart man.
@@snowrocket I bought a new F250 in 1978 on payments and although I didn't have a problem making the payments I didn't like the idea of having that debt over my head. I've bought nothing but used for cash ever since. Now I'm older and I could afford to buy new for cash, but everything looks like a POS to me. Maybe if I could buy a brand new Dentside Ford or a Squarebody Chevy I'd go for it lol
Do not be afraid of debt. Be afraid of debt that does not have a good return. A house with a low rate mortgage, that you intend to live in for a long time is (usually) a very good investment. Student loans to train and obtain jobs that are in high demand and command a good salary are a good investment. Loans for depreciating assets like cars, toys, and fast food are bad investments, stay away from them.
@@DR27526 Yep. Credit CARDS are bad. Live within your means. The only debt you should incur should be a house or a car. Leave everything else alone unless you can pay cash for it.
As someone is his mid twenties, that's completely debt free with a car, a truck, and a house i can say. It's definitely not easy to do, but it's totally worth it, in my opinion. I developed serious health issues a while back to the point i couldn't work, and if i had to make payments, I'd have lost everything because it lead me to be seriously broke. Being debt free means putting in more work up front and delaying the gratification of having nice things early on. I lived with my parents for 2.5 years after high school saving all the money i could to pay cash ($40,000) for a fixer upper and i spent the next few years fixing it with cash, learning as i went.
I worked OT for about 11 years at a previous job. Anywhere from 4 to 12 hours a week. It wasn't bad. I used all the extra earnings to turn my 15 year mortgage into one just under 8 years. After that I left that job because I was debt free. It truly is a wonderful feeling. I now work a job that pays a lot more. I maybe do an extra 1.5 hours per week. Save your money folks. You never know when that rainy day, week, month or year may hit you.
I agree 100% you can have $2k in the bank driving a $80k truck and people going to think you're doing big things or you could have $80k in the bank driving a $2k paid off truck and people will think you're broke.
They can think all they want. When the person who has the $2000 truck is retired comfortably by 55 years old and the person with the $80,000 debt on wheels is working till they are 75, then I'm sure those people will be thinking very different.
I have a coworker that always thinks it's crazy people have expensive new cars, but I always remind them you don't know if that person is in debt or inherited wealth from family. Don't judge yourself on how much other people spend.
Yup, I live in a 1960s house which I owe nothing on, and I drive a 2008 Honda Jazz that I paid cash for. Plus I have savings and investments. A lady from my church actually offered me food parcels because she made the assumption that I was poor.
When I worked construction 2 years ago I overheard 2 guys I worked with saying "The bank keeps calling, I just told them if they want the truck they can come and pick it up" That's when I realized my 09 civic was just a smart pick
I have a co-worker who constantly brings up her expensive car, house, and electronics, but the way she panicked when our paychecks were a week late said everything.
I had a coworker like this. Then his wife lost her job and he couldn’t work enough overtime to keep it all afloat. Guess who started selling his toys off to some other coworkers. It was sad to watch.
I work with an INCREDIBLY successful eye surgeon that does about 60 procedures a week that drives a ‘96 Camry. On nice days he drives a beat up old moped to work. Dude must make $750k/year. Same guy takes at least two month long vacations to go scuba diving in places like Tahiti and Australia.
I’d rather spend it on trips to other places or a good house than a car that feels better to drive but still goes the same speed most times on the road.
I met an anaesthesiologist who makes probably around 20k a week, he drives a 15k honda civic. Very telling. He did say he wants to own a McLaren p1 one day though 😂
My god so many trades guys are hyper guilty of this shit. They complain about gas prices but drive a v8 140 miles a day. I worked with this kid who was getting money for the first time in his life. He had this jeep one of those like minivan ones, ran smooth 0 problems. 2 months into our busy season he financed a lifted truck that’s transmission broke down and cost him another 2k. Another guy told me straight face “I’m saving up to buy a house” then the next week bought a razer, another guy needed to go to college for a job he wanted went to some hack college that cost him 2k for his classes and WITHIN 30 MINUTES OF TELLING ME THAT showed me the ar, bag, and scope he was going to buy (like 3k total) genuinely dumbfounded.
I see it all the time "blank political party- they are to blame" ohhh so not your expensive vehicle, with expensive insurance, with expensive maintenance that gets 14 mpg... That you only commute with ? Oh and you spend 400/month on guns..... Hahahhahaha
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming.
Asking for advice or assistance from a consultant or investment coach is the best line of action if you lack market understanding. Even though it sounds cliche or apparent, talking to a consultant has helped me stay afloat in the market and increase my portfolio to roughly 65% since January 2023. That, in my opinion, is now the most successful strategy for entering the market.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Depends on if money could’ve helped their condition and if they could’ve made said amount.
3 месяца назад
Everyone has an opinion. All of your lives are separate and different. None of you could or ever should compare yourselves to one another. It’s always apples to oranges.
I worked with a guy who was so far in debt that we assumed he was going to lose his security clearance at some point. The alimony payments didn't help. Both of us were software engineers, so we probably made a similar amount. I kept my expenses low... sandwiches and driving an old vehicle is spot on. Meanwhile he's driving a new BMW every couple of years. At one point I was earning 3x my living expenses. I retired a few months before I turned 50 🙂. I live a modest life, but my time is _mine_ .
I think that is what a lot of people struggle with. Specially younger folks, they get their first bit of money and start buying things they don't need.Buddy of mine is very wealthy, easily makes over 200k a year just from rental properties and investments he and his folks have made over the years. Lives in a modest house, drives a 5 year old truck that is paid for and doesn't have useless expenses. Has nice things but doesn't waste money.
Try someone like me, toghtass living off grid who has 80% of their income disposable. So earning 5 FOLD their cost of living. I only work about 6 months of the year and am about to become an investor.
@@HedgeMaster26 everybody needs to pick and choose the toys they get unless they have stupid levels of money since every toy you add will cost you time. sure you can use some of your money to pay someone to maintain your toy but that will still mean picking leaving it or picking it up etc. and that still takes time. focus on 2-3 things you enjoy save the rest and live your best life with as little work as possible.
I hope you were investing and not just sitting on a stack of increasingly worthless USD. Im 33 and basically retired now, moving overseas in July and going to live a modest life running a hobby shop and investing my money income from it. 👍
This sounds so much like my neighbors. They all have big new trucks, ATVs, mobile homes, jet skis, boat....all the toys. Yet when I (rarely) talk to them they're always talking about bills and how "times are tough". And those mobile homes get used maybe once a year. Those boats go out maybe twice a month for an afternoon. Otherwise they just sit there. Meanwhile, the only debt I have is 10 months of payments on my wife's CRV at 0% interest and that interest rate is the only reason I don't pay that off. I own my car. I own my home. I'm going on vacation in two weeks. I owe nobody nothing. I work out of my house. Feels damn good.
My co workers order food everyday. Imagine showing up to work for 8 hours and immediately erasing 1½ hours. Some of y'all are annoying. 1) I did not conduct a scientific study on how much my coworkers spend on food, I'm just guessing. 2) for those of you saying I make 10 dollars, place a order DD order between 5-7 pm and look how many fees the service adds. 3) if I did make 10 dollars so what? Do you enjoy laughing at broke people? 4) if I did make 10 dollars wouldn't that be all the more reason not to waste money? 5) spending more money on your lunch break is fine if it fits into your discretionary spending, but these people are always complaining about bills and necessary spending, so obviously their budgets are not working.
Meanwhile with a little Meal Prep you can have one hell of a lunch every day nice and easy. I work in the field as an electrician, and I'll do stuff like prepping fish, chicken, or steak the night before I go out. Cook it, season it, maybe even make some fancier dishes with said meat, then tuck it in a box and you've got something nice and easy to microwave, that's healthy and much cheaper than eating out.
JT4RN Tacomas aren’t the same. Nomi Dana sabotaged the frame. That’s why there aren’t any and the “buy back” they flopped EVERYTHING around the intake, starter, exhaust manifold everything. Can’t swap parts and the clamshell diffs totally different “made in merca” “truck” if you have a taco sorry for your loss it’s not a made in Japan truck.
@davesteier-xf5lh tacomas are excellent trucks lol, frame was an issue in the rust belt areas, but recall was easy. I undercoat mine with fluid film or similar and have no issues.
That's what I tend to see, in the construction business becomes more pronounced, lots of guys with their trophy trucks not putting them to work....I don't even like trucks am more of a van man myself....
@@VideosVlogsThatsIt Plenty of people that drive a truck can afford it just fine. Why do you somehow think all truck drivers cannot afford their truck?
I work for an oilfield company, and the work is cyclical. I’ve seen way too many young guys get a taste of that pipeliner money and immediately go into debt buying all the toys & fancy trucks. Then they either lose it all or have to try to sell it all when work slows down. It’s sad to see people equate having a lot of stuff with being wealthy. I’ve been trying to explain the whole having debt versus having money to people for 30 years, and they either just don’t get it or can’t get past wanting people to think they’re wealthy. My car is paid off and has been for five years. I’ll take care of it and drive it until it won’t go anymore. My home is paid off, and it is probably where I’ll live until I expire. When Covid hit and everyone’s finances went into the toilet, I was - and still am - grateful that I didn’t have the added stress of huge debt. The bottom line is live within your means. Who cares whether others think you’re wealthy or broke? Others aren’t the ones responsible for paying your bills.
@@auntbeatrice6911 Same here! I was a bank teller when I graduated from high school MANY years ago. I noticed quickly that the accounts with the biggest balances were held by people who looked like they had very little. Outward appearances can be quite deceiving. I would much rather live a modest lifestyle than constantly being stressed out about bills and people trying to use me because they think I have money. I don’t have a lot of material wealth, but my peace of mind is worth more to me than money.
This is so fucking accurate man. I'm a union pipefitter so i know EXACTLY what the guys i work with make (the same as me) and it's crazy to see how many guys are absolutely loaded because they're good with their money and how many guys are dirt broke because they spend it all on cigarettes, alcohol, and scratch offs. And Trucks.
@@coreyburke3493 I got a coworker that just does voluntary repos every time he can't afford or doesnt want a car or truck anymore. And somehow still finds banks willing to finance a brand new car for him a week later. He is paying for like 3 cars he doesnt own anymore.
Wait until time to retire rolls around as well Did you know they changed to old story about the cricket and the ant? Used to be the cricket wasted it's time (and resources) all summer, while the ant worked hard and stored away food. When winter came around, the cricket starved to death while the ant was warm and full inside it's nest. Now the ant takes the cricket in and feeds it World does not work like that
Retired from the fitters 7 years ago after 40 years. Living debt free. I hope you’re holding up and can make to retirement with your body in good shape.
I learned this from a Sgt i had. He drove a Honda Civic he paid $600 for it on the Lemon Lot in Cherrypoint NC. When we went on deployment he saved as much as he could when we got back this guy put a huge down payment on a 6 unit apartment and he was living on base I think he had it paid off in 2 years. Needless to say this guy pretty wealthy now with multiple properties and food trucks. He even bought his dad a modern luxury sail boat. All from not buying new or cool. He would never party eat out etc. We thought dude was an introvert but no he was saving to make it big. My dumba$$ gave it all to the single mom stippers and alcohol. If I only knew better.
Hey man, at least you're honest with yourself and you learned. That's what's important here. Some folks never learn and work 85 hours a week until they die young because they're stressing themselves out to death and can't afford to retire.
Alcohol can bring you nothing but problems which is why I stayed away from it. I saved a lot of money by not drinking, never had a hangover, and never had to take a sobriety test. Unfortunately, I DO remember all of the stupid things that I said at a party! It isn't like I can blame it on being drunk. All I had was Pepsi and Orange Crush.
How on earth did he pay off a six unit apartment in 2 years? I was in E5 during operation Iraqi freedom. The money was good, but it wasn't that good. I also got jump pay and dive pay.
Fantastic video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Following you has been an amazing journey , you have shown me the best way to earn much better profits despite the bad economic situations, God bless you with more knowledge Mrs Janet...
I used to do 83-84 hours a week. After 12 weeks I bought another car. Then was sacked 2 weeks later because the backlog was finally caught up on. Strange being unemployed with a car with leather seats and 53 buttons and 13 interior lights in the cab. Back in 2008. All paid upfront
@@OffGridInvestorI should’ve been working the oil fields during the great financial crash of 08 instead of learning cursive and times tables in 3rd grade.
Or just blowing through every dollar they have instead of saving it. I don't make much so can't really invest but I at least have a 401k and a savings account. I know a guy who makes over twice what I do who is like, allergic to a savings or something. Constantly buying new shit he doesn't need and recently leased a 2024 hybrid with all the extra features that the dealer offered. He was talking about leasing for a year and than financing it, saying the total would be over 40k not counting interest. Dude also has two kids and wants to own a house eventually.
Just the thought of paying $800 a month for 84 months for something that isn’t a house sounds hopeless! I guess I’d be bellyaching about hard times too if that was my situation!
@@gabrielledickinson4530 I have been doing that for years - I am getting old now, and believe me, it pays off. Keep doing what you are doing, and God willing and the creeks don't rise, you will have a comfortable retirement.
My dad told me when i was 17, "folks who bring a lunch buy houses, folks who buy lunch rent houses" my 2012 fiesta carries me to work and back to my house daily, over 252k miles on it.. cheap car with a manual transmission, over 35mpg.. I spend money on my kids, not my wheels..
Groceries and lunch are not much different. If you’re eating bologna sandwiches everyday the medical bills and general health issues will cost a lot more.
@@brickstep8424 ? What do you eat for lunch on the factory floor? They only give you thirty minutes. Cold cut sandwiches are really one of the few foods that work. Hell the salad sits in the meat 😂
@@mommalion7028 I work in the trades so lunch is quite easy but when I worked a job like that I brought a lunch of greek salad, yogurt, protein shake, and a pbj or left overs from dinner.
This is so true. A relative of mine worked 80+ hours a week to pay for the custom home, the new cars, side by sides, the other toys. And every time the wife or kids would get mad that he was never home, he’d yell that he’s doing it for them and to give them that lifestyle. She ended up leaving and took the kids with her. How much you work and what toys you have doesn’t mean jack at that point…
And depending on the state, she probably took a significant and continual chunk of his paycheck with her. Ouch. And that's before the attorney fees, or assets sold at near fire-sale prices.
Gotta love that. The woman leaving because the man is working. That’s selfish tight there. Chick probably left him for a jobless man so he’s home all the time.
@@ARealPain Probably. You're at work so you can buy nice things = "You're never home", You only do 40hrs so you can spend more time with her = "You don't make enough money"
In every UAW manufacturing plant, about a month after they cut overtime you see all the ads go up on the bulletin boards for all the motorcycles, boats, snowmobiles, jet skis, etc owned by the poor planners. Probably the same in the oilfields.
Yup, I'm the same. I will drive by a nice new Civic and think, man I should upgrade from my Fit. Then I think about making a car payment and I immediately shut that idea down.
To be fair, the housing market is scary right now. My house set me back like $250K, so no nice car for me for awhile: I'm driving a 2005 Prius that cost me $3000.
@@StandingStones409I don’t really see how majority of people are even going to be able to buy a house anymore. You just about have to either be very rich or inherited it.
The best part is when people at your job can't comprehend what you just did like "you can't just leave dude you have to make payments" yeah, I can make em for the next 8 months if I need to lol
i use an E bike myself and honestly it works great. its only like 10-15 minutes longer than it would have been with the car anyways because a good enough e bike can still go 25+ MPH. more if you pedal
My wife and I followed Dave Ramsy's plan. We got out of debt and it was the best decision we ever made. Financial freedom is treasure, and life is good!
My parents did this about 15 years ago (before that we were heavily in debt) and I must say, if they wouldn't have done that, we would not have anywhere close to the life we have today! Debt is dumb, cash is king!
The difference between paying interest to the bank and the bank paying you interest is enormous. You can never get ahead when you are paying your paycheck to the bank in interest.
@@redtra236 Yes, if you consider a penny per gallon to be "a lot". The price of oil is set by the world market and that pipeline will increase the supply on the market by a small fraction of one percent. The Houthi rebels' missile attack on a tanker last Saturday will have a far greater effect and should serve to remind you that oil makes you dependent and vulnerable.
Yup. I'm glad Ive got friends who support me even though Im currently unemployed. Those are how you know you've found true friends youll hold onto for life.
I once had a coworker like this. His wife was a cRNA. He would always show up with fancy toys and talk about how he’s got it when his wife did. Update they are now happily divorced and he has nothing. She ended up marrying an attending physician
Nurses dont make shit. My friends sister is a nurse and shes struggling to buy a house. Granted we live in BC but still. Its actually kinda fucked. Like a nurse, did everything she was told, but still struggling and living with her parents while shes 25. Theres no way ts economic situation is feasible or stable. Im tired of paying for some boomers retirement everytime I deal with the real estate market.
@@honkhonk8009 RN's start at $37 an hour in BC. I would hardly call that "shit". She just happens to live in an insanely expensive province. Don't like it? Buy a condo or move someplace cheaper.
I love my 2015 Tacoma... I was considering getting a new one but man, every mechanic tells me the older they are, the better they were built. The 2024's are a 4 banger turbo... just asking for more problems. Toyota is f'ing up their trucks.
Used to work in Corrections. At the time, Corrections Officers in my state were working 7 days in a row, then getting 2 days off, followed by another 7-2, another 7-2, and then a 7-4. Rinse and repeat. Within those 7 day stretches I think I usually worked around 82-96 hours due to the amount of mandated overtime. Even with the ungodly, unhealthy amount of overtime, there were dudes who were signing up for it anyway. I knew a guy who was working six 16-hour shifts in a row within every stretch because he wanted to pad out his pension. COs would be spending their money and boats, trucks, hunting gear, etc. But they'd eventually be trying to sell them to our colleagues because they didn't have the time to use them or they'd be in some awful financial situation where they were still hurting for money despite how many hours they worked. Money is never worth it if you're miserable and depressed. Money is useless if you're dead; you can't take it with you.
OMG man I know EXACTLY what you mean!!! I also worked in corrections for a while, and the OT was insane!!! Lucky for us tho our schedule was 5 on 2 off per week. Unless you had a bunch of seniority, your weekends were something like Monday & Tuesday or Wednesday & and Thursday, but definitely NOT Saturday & Sunday. The older guys were so incredibly lazy and would go crying to the union if God forbid they had to help cover some shifts to help keep mandatory OT down. The money was absolutely NOT!!! worth the trouble it caused with my family from never being around.
When I worked in mortgage we’d see pipeline security guys making like $150/hr working essentially 24/7 for months on end, then apply for a mortgage and have $8 in savings. Never once did any have money left over
We all do lol. I work with some people that'll go out and get a new car, not because they have to but because they want to. One person spends more on their car payment and insurance than they do on their rent and utilities 😂
We all do No matter what advice you try to give them, they don't listen. When I tell them I legit could not work for the next 5 years and be fine, they say i have more money than god. No, I'm just not an idiot. I'm 35. My Honda shitbox that I bought for $1k 4 years ago still gets me from A to B. Why would I want a 6-800 car payment?
I was talking with a coworker about the importance of having an emergency fund. He considers his credit card as an emergency fund. When I tried to explain the difference between assets and debts, he short circuited
Once you have enough assets: lines of credit _are_ the best emergency fund. Basically keep all your money invested... don't have a stack of idle cash... and only use a line-of-credit/heloc/margin/cc etc to cover 1-2 weeks of an emergency (because liquid investments could still take a few days to sell back into cash and transfer accounts). But most people don't build that pile of investments first, so they have nothing they could sell after the emergency to replay a loan. Emergencies are rare enough it's no big deal to pay interest for a week or so to cover them... if it means your money remains invested 24x7 and making you a return all the rest of the time.
I retired in 2021...mortgage paid off in 7 years...vehicles paid off...last truck bought and paid cash @ $47K. Don't owe nobody a dime. And I'm still wearing my old orange and yellow safety shirts from work 3 years ago. I did buy new socks last week. I had a coupon. LOL
1000% truth. I see it at my job. They talk trash to me because of my Subaru, but then ask me how I can afford to take the vacations we take through out the year. I also remind them I'll be able to retire in 4 months at the age of 55 and still not have to draw my SS until I'm 67.
Good for you! I used to think I would wait to draw my CPP but the more I think about it, the more it makes sense to draw it early. If you took your SS early and invested the money you would only need a moderate return to be making the same as year 67 SS draw, plus you would already have the money. You would have to be disciplined, but it sounds as though you are disciplined, otherwise you wouldn't be prepared to wait until 67.
Good for you…you get it! Most people don’t. I just retired at 59. I have a bunch of investments that keep going up ( real estate, rentals, stocks) I drive a 2016 Nissan pickup, wife drives a 2011 Toyota. It helps HUGELY to have a partner with the same mentality. Btw I’m a tradesman not white collar.
This is exactly what comes to mind every time I hear about Hustle Culture. All that time spent "hustling" or "grinding" is such a waste if you can't even enjoy anything you earn.
Hustle-culture such a crock of shit. There are those who need more jobs because the wage system is broken, then there are those who think the "hustle" is setting them on a pedestal. I would rather keep my time then spend it like that, if my bills are all paid and my belly is full.
Hustle culture is typically different then this. They normally save their money for one of two reasons: 1)Super early retirement Or 2) They take long periods of time off of work, sometimes months, sometimes a year sometimes more and do stuff they love then find another job.
@@OgdenM exactly, I'm out of credit card debt, I have $900 on a 401k loan I will have paid off within about a month, and about $15.5k on a car loan I'll have paid off within 18 months, probably less. It feels freeing even being done with credit cards!
We got a $2000 bonus once and my coworker asked me, "what are you gonna buy with it?" That's just the way most people think. They get money. They spend money. And I'm going to be sitting at home retired early while they work until they're 70
If I get an unexpected bonus then I'll likely spend it on something I've put off buying, or something for me. My budgets are set and I live within my means, so if it's extra money it's going to be used to enjoy. I used my last 2k bonus to buy castings to build another model steam engine, and I wouldn't have bought them using my monthly income. It's a bonus, not money to mither over
while i get your point... you must be a big buzzkill with your friends if your first reaction is to scold them for not putting that much of a bonus into a 401k or something when they ask you that innocently. seriously, chill out man. sometimes people want to buy something for themselves thats actually, ya know, fun!!! can you believe that! people want to have FUN sometimes instead of putting ever spare dollar in the bank! /s
I worked as a manager in an oil refinery. I was excited when I saw the new Bronco came out because I knew I wasn't going to have to worry about getting plant operators to work overtime over the holidays. Don't mess up a good thing with these videos 😄.
I had a guy like this at work who leased a Lexus and would brag about it to all of us, most of us were on the exact same pay as him. We looked up the cost of of his lease and he was paying 60% of his monthly wage just to lease this car. 🤷♂️
A Lexus is just a fancy Toyota. (I work at Toyota) Nothing crazy. But good for him. It’s a semi luxury car for people who can’t afford/want a real luxury car without paying a lot
A Lexus is nothing more than a Toyota with leather seats and pretension to luxury status.... Its for people who think they have money and want everyone else to believe the delusion along with them.
The only debt I have is my mortgage, which I'm paying off at an accelerated rate. I drive a 99 Pontiac Sunfire to work. It costs me nothing but the fuel. I work with some people who drive into work in big trucks, paying $1000 a month for the privilege before paying for insurance or putting any fuel into it. And these people are not rich and have never gone on holiday in years. Husband's who work non stop to pay for it. Even had one tell me he doesn't think he will ever retire. He was only 40. No pension, no savings and no investments. It's really really sad knowing that these people will die in their boots due to their terrible financial decisions.
@@bubba842there's no reason to pay your mortgage off early. You should be putting that money into something that makes money. Unless your mortgage is ridiculously high interest rate for some reason.
I drove a $600 1993 Geo Metro 5 speed manual for 16 years. Put 373,xxx miles on it, getting upper 40's mpg. Put my kids thru Christian school and college, incurring no debt, as I didnt have car payments, high insurance, and saved many tens of thousands of dollars on gas. Guys I worked with laughed at me every day, but i went home to a paid for home, a hot wife who saw the value of a man who did not need to get into "measuring contests" with strangers, and the restful sleep of a guy who wasn't a slave to a job. I sold that Geo for $1200, and upgraded to a 2007 Toyota Corolla, paying cash. Still driving it in 2024, has 320,000 miles on it, and runs as good as the day i drove it off the lot.
@blahaj___ Yup. Sure is nice to not have to measure up to someone's else's standards. The guys I work with all have nice, pimped out rides that they are making HUGE payments on, not to mention taxes, gas and insurance costs. The week before payday, many of them carpool, as they cannot afford to put gas in their vanity ride. Their autos still look cool though, as they sit in the driveway with 3 drops of gas in the tank!
some people are victims of consumerism they need their $1500 dollar smartphone - I own a flippy and pay $99 per year for unlimited talk I do not need all the add ons like text and data. my phone is just a phone not a social media device or pocket casino.
I know someone like this. I work as an IT System Administrator, make about 80k so I’m comfortable. Apparently coworker thinks that’s “rich people money” and he’s been on an insane spending spree. Has two cars both 2024, eats out every lunch, and just buys himself the latest electronics any chance he gets… dumbass is in 30k of debt because he thought he’d be able to pay it off quickly.
This is 100% accurate. Mine's an Xtra Cab 98 Tacoma. Wife and I took our lunch to work including Tea we brewed at home. No putting $$$ into machines everyday.... Paid Cash for our new 2017 Tacoma Sport and 09 Matrix. Debt Free is the ONLY way to go.
I had a guy at an old job make fun of my 26k Honda and he told me he thought a big guy should drive something bigger. I told him that my entire car plus the interest on the note was less than the depreciation on his $90,000 truck the day he drove it off the lot.
The idea that real men drive full size 4x4 pickups has probably bankrupted so many people. Sorry false pride and ego isnt something Im going to go bust over
I had someone make fun of me for my beater car once so I told them, "I paid 1500 dollars cash for this car in 2010 and haven't had a car payment in a decade, it's one of the best financial decisions I've ever made." Rip 2000 Toyota Camry.
I got stuck with a 1200 dollar bill to repair ol trusty Rusty’s breaks and tires all the way around. I kept sayin to myself, “Beats the heck out of spending 80k for a new one.”
I have an 8 year old car that’s great except it’s a gas guzzler, but I only drive about 10K miles per year. Whenever I start to think about how nice it would be to spend less at the pump, I remind myself that if I traded it in for something more efficient, I’d be dropping $30,000+ to save about $1000+ a year on gas. Even if I drove twice as much or more, it still makes no sense to replace what I’ve got.
In all seriousness thank you for making this parody, My envy and jealousy of people that have these nice things, especially on social media, was starting to get to me
It gets to all of us, I definitely have my share of it. This skit came from a conversation I had with my daughter about all that just the other day. You can have all the toys in the world, but what’s the point if you never have time or friends to share them with
Just remember we work to live. Had a project manager say that when he was retiring (early). He said if I had to wait until 65 to retire I did something wrong. We don’t have live to work like they do.
I worked with a guy that had already retired once, had plenty of money, multiple houses even. He was working because he had nothing else to do with his time. Blows my mind. If I had that money and time, I'd find something to do.
I've experienced both the wealthy lifestyle and also being broke and homeless. let me assure you that while nice things are nice, they do NOT buy you happiness. A month after you've bought a luxury toy, that envy feeling will return and you'll crave a bigger one. And besides, 90% of the social media “wealthy” are flat out lying.
I got this same dynamic with the guy I work next to at work. He's got a $40k Jeep, tattoos, guns, many thousands of $$$ in Snap-On tools, and he owes money on nearly all of it, plus thousands in regular credit card debt. I've got a $15k Ford and a $3k project car, reasonably priced tools, and zero debt. Both of us live with our parents still. He's always stressing about how he's not making enough hours (we're flat rate mechanics), meanwhile I could make 15 hours a week and still come out ahead, yet usually make about 10 hours a week more than he does in the same amount of working time. And instead of bettering himself, paying down his debts, and making himself more money, he instead just keeps talking about how he wants a big diesel truck, more tats, and a new gun.
honestly i don't see whats wrong with this inherently. some people just prefer physical things to money in the bank. maybe he like big trucks and gun more than having that money. sure its not necessarily as stable as your way but if he is self aware that he is making a choice for his life and is okay with it, i don't see how its wrong
Sound like me. I've been a diesel mechanic for 15 years, have a snap on box I bought used for 2800 and a harbor freight cart filled with a mix of harbor freight as of lately and Cornwell as of early. I drive a 2002 civic that just rolled 300,000 miles and bring lunch every day. The rest of the guys are in debt to their eyes. Im not interested in that.
@@sovietunion7643 I agree. It's not wrong to have "things." As long as those things are not putting you into a dire financial situation where your payments for them exceeds your income, and you aren't becoming so connected to your stuff that you have trouble letting them go. OP says the guy lives with his parents so he probably doesn't have many other responsibilities besides paying for his stuff. If he had a family and a mortgage and bills, collecting things as he does might be a problem.
It’s wrong because he’s driven by materialism. He’ll keep buying the new thing, and more of it, but he’ll never be quite satiated by it. There’ll never be an enough for that sort of person. His choice how he wants to live, but living solely on your instincts and desires won’t get you far.
You have to do what makes you happy. I drove my 93 Nissan hardbody for 24 years till a few years ago it was becoming unreliable and unsafe with headlight issues. Instead of taking the chance of missing any work due to transportation problems, I went to the dealership and drove home in a nice brand new Frontier that I enjoy driving every day and keep it nice and clean. I put enough down to keep my payments reasonable, and still did not take a big chunk out of my nest egg. I could have easily paid cash, but need to build my credit, so an auto loan paid monthly contributes greatly to my credit score. It is nice to have nice things as long as you can appreciate them. I still own the old Hardbody and have plans on restoring it, since it is such a great truck with a manual transmission.
This video hit me at the right time, 30 years old, selling my corvette, got not much other bills but I have had my own place, I’m taking advantage of my situation, getting me an older Civic SI, saving money, done caring about what other people think
I'm running my '22 Civic until the wheels fall off. I also use a bicycle for smaller trips to avoid putting unnecessary miles on the Civic. I don't gotta impress people for shit. The only people I care about what they think of me are my actual friends who don't care about what possessions I have or what job I have. I have friends who are still supporting me as I go through being unemployed cuz my last company (9-5 job) laid people off after forcing us to do seconds shifts and weekends with no extra pay. Lesson learned: freedom > money
Very close to an exchange I had with a sibling who bought a 2023 Tahoe for $90K. I just said, "I can't be tied to $1000mo. payments". But I'd take a beating before I eat bologna sandwiches. Yuk!☮
There is much truth in this video. I did 20 years in the Air Force. Eventually I figured out his wisdom and got completely out of debt. Worked 4 years after that, then retired at 45. Now I work when I want and for who I want. Being wealthy is not having stuff. Being wealthy is having freedom.
I have this exact same argument on every construction job I go on. "How can you drag up and stay home for two months?" Because I drive a 20 year old truck and know how to cook instead of spending $15-$20 at the gas station 3-4 times a day.
My monthly car payment is what I used to pay for an entire car when I was in my 20's. The "newness" wears off quick and then you just have a $2000 car payment every month.
I remember hearing that one of the few sources of stress people don’t adapt well to is driving. It’s a stressful activity that demands your attention and your brain never fully acclimates to it. More time spent driving is strongly correlated with chronic stress, heart disease, all sorts of negative things. With that in mind I can’t imagine getting a fancy car. As long as it’s safe and fuel-efficient I don’t need the perks. I’m not trying to spend any more time in it than I have to.
@@aidanwarren4980you sound weak and boring. Live life, drive fast, its better for the climate. Also there's a study for almost every stance on everything. So how about you shape your life to the ones that make your life exciting and not a total buzzkill. My friend all good things in life are equally good and bad. That piece of ... car you love or that amazing woman that is a piece of ... Mashallah broski Aidan weettog loco broer. Rij gewoon eh wollah hard eh niffo, laffe tak bruur
Exactly. A new car only feels new the first few months. You’re hopefully gonna have it for years, so why not skip the short new part to save a ton of money?
Great vid! A wise man once convinced me to buy an old stock Toyota Hilux before buying a brand new 4x4. 15 years later I've taken it everywhere and I've pushed it hard but the thing will not die. I'll never buy a new 4x4 when I can do exactly the same thing in what I got. Id rather be practical then be driven by ego.
