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Why I'm Extremely FRUGAL 

Austin Williams
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30 окт 2024

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Комментарии : 4,1 тыс.   
@ElAgustin
@ElAgustin 2 года назад
What's one benefit of being frugal?
@marias8007
@marias8007 2 года назад
Having more time to spend
@MorganMunday
@MorganMunday 2 года назад
It’s a great example for your kids! You don’t have as much fear over changes in the world. You have money to save. I could write so many more!!
@lynnoorman2144
@lynnoorman2144 2 года назад
Less stress because I know what I want and I'm no longer pushed around by what other people think I should have/do.
@site_is_down
@site_is_down 2 года назад
The benefit may not usually be evident during the present times, but it’s going to be worth it in the long run and when you’re already reaping the fruits of your efforts and sacrifices. Frugality is spending your money only in things that matters the most.
@mae9064
@mae9064 2 года назад
Frugality = freedom
@mozar5175
@mozar5175 2 года назад
This young man is so right. I am 59 and always lived a frugal life. Many people thought I was « cheap » and I didn’t care. I saved more than a couple of million dollars and I didn’t need to work at age 50. I now do real estate consulting only on mandates that I like. More recently with a lot of inflation, my wife and I rarely go to a restaurant. $20 for a pizza and $12 for a 5 oz glass of wine is too expensive. We cook excellent food at home, eat on our outside balcony and we’re happy. We’ve done many trips abroad and came to realize that there is nothing like our home. I don’t play golf anymore but I ride 30 to 50 miles on my electric bike on country side trails through corn fields and tree covered trails. I stop by a lake, eat my lunch and ride bike. My life is simple, we are happy like that.
@ElAgustin
@ElAgustin 2 года назад
Serge! Exactly, simple is best!
@privateprivate4384
@privateprivate4384 2 года назад
Well done I totally agree with you .
@clarkj3396
@clarkj3396 2 года назад
Boring
@novak4594
@novak4594 2 года назад
Amene brother
@daviddionne8296
@daviddionne8296 2 года назад
Reminds me of Monks.... who whipped themselves. Life is short.... enjoy it.....
@rsn7847
@rsn7847 8 месяцев назад
Finally someone said it loud and clear “I DON’T LIKE TO WORK” thank u for your honesty
@marcuskelly5768
@marcuskelly5768 7 месяцев назад
It's not about work. One can feel very unfulfilled without doing something constructive. It's about doing what you want to do for yourself or others which enriches your life through satisfaction, well-being and happiness. I Do Not like doing something I don't like for someone I have no respect for. Least of all where the reward is disproportionate or exploitive. That's exactly where FU money come in and why one needs it above anything else. The world is full of users and abusers and very insincere people.
@sunilkumar-iq2oq
@sunilkumar-iq2oq 6 месяцев назад
same i don't like to work in my current job but I am saving and investing to be free in few more years. I like some other work in a different field altogether and that's what i;m going to do after leaving high paying job.
@robstubbs1176
@robstubbs1176 6 месяцев назад
I retired three weeks ago. I enjoyed working. I rarely had to motivate myself for Monday mornings. We were frugal, living on approximately half of our income (or less). I’m enjoying a non-hurried pace of life and while no scenario is perfect, it makes sense to control your spending and learn contentment.
@X1in
@X1in 6 месяцев назад
in deep i think no one like to work it's just wasting life time doing something you don't really care at all
@paulmoulton7248
@paulmoulton7248 6 месяцев назад
Expectation management! Work is not meant to be a great experience, it is meant to pay your bills. It will also give men a sense of accomplishment (as your bills are paid). Reset your expectation of what work is and you will be fine.
@balrajsingh776
@balrajsingh776 8 месяцев назад
"I don't really like working." Spot on brother, so simple, so genius.
@Adanosiam
@Adanosiam 8 месяцев назад
Depends what one calls work, and what the employment situation is.
@scotchdopole
@scotchdopole 7 месяцев назад
I don't need to work full-time anymore, but the system wants you to live at work and be slave for money. It's a trap. Get Tv and commercials out of your life
@HeyEveryoneHi
@HeyEveryoneHi 7 месяцев назад
No, work keeps you out of troubles
@anyaharris5617
@anyaharris5617 7 месяцев назад
Who likes working? Let's face it - no one. Do you?
@volkerw.
@volkerw. 6 месяцев назад
Thats sad. I actually like my job very much and would not give it up, even if i already was a millionaire. I think work gives you purpose in life. But that depends on your job, of course.
@painuchiha2694
@painuchiha2694 9 месяцев назад
Having less things is less stressful Less things to move around,more money saved,more freedom
@krissifadwa
@krissifadwa 6 месяцев назад
Yeah, very stressful 😅
@HOLLYHOCKFLOWERS
@HOLLYHOCKFLOWERS 6 месяцев назад
So true. I've reduced my possessions so much in the past year. As i got rid of my possessions I thought what on earth was I thinking when I bought all that stuff!! My only saving grace was that I bought all of them in charity/recycling shops. Great video.
@stephfoxwell4620
@stephfoxwell4620 6 месяцев назад
Having fewer things is stressful. Having less things is illiterate
@xxxs8309
@xxxs8309 Год назад
Nothing beats personal freedom and not having to work for a living
@corrinnacorrinna5572
@corrinnacorrinna5572 Год назад
I work in long-term care. I see multitudes of people that spend a lifetime accumulating stuff and the end of their life getting rid of it.
@TimothyNyota
@TimothyNyota Год назад
that's a good way to live
@jiffonbuffo
@jiffonbuffo 8 месяцев назад
​@@TimothyNyotaNot if said person is your neighborhood r/Hoarder. 😂
@ShanKayV
@ShanKayV 6 месяцев назад
Thats so sad
@sandrafrances
@sandrafrances 6 месяцев назад
I like you and agree with much you say.
@creepcraddle
@creepcraddle 2 месяца назад
Yeah because they enjoyed the stuff while they had the chance. Now they're reminicing while getting rid of of it because it r serve them anymore.
@eljaguar4789
@eljaguar4789 6 месяцев назад
I have been screaming this message to everyone around me and nobody seems to understand. Thanks a million
@prashastipandey6868
@prashastipandey6868 5 месяцев назад
I am from India. I grew up in an upper middle class family as my dad had a high paying government job with a small family of four. My dad was extremely frugal so despite being born in abundance we were always forced to suppress our desires and live by very little means. But My dad provided us with every needs, good food & best education. Still growing up I was always resentful. I used to compare my life with my friends who were living their dreamy lives. With those savings my dad helped so many needy people in his life and created a good wealth also. Now I am in my early 30s I can’t be more grateful for everything he taught me and all the moral values he incorporated within me. I am not super rich but I am very content with my life. I live a minimalistic frugal life and enjoy my freedom. I love travelling and helping animals♥️
@davidr7819
@davidr7819 4 месяца назад
I’m from the UK. In 1994 I was invited to tour India as a guest of the Sheraton hotel chain (I’m a musician). The vice president of Sheraton India invited us to his home for dinner one evening. I couldn’t believe he lived in such a small flat! But he was extremely happy and generous. India has changed a lot since then !
@Peter-tk6rm
@Peter-tk6rm 3 месяца назад
India is unfortunately following in Americas Hyper Consumption insanity.
@taniasen1550
@taniasen1550 2 месяца назад
I can relate to you. I was raised in India and my dad did the same thing to us. I don’t do that to my kids though. I give them a balanced life so that they are not resentful as me. I try to stay in my budget and still enjoy life. It’s a lot of planning and reflection on my part.
@mariavarnava3064
@mariavarnava3064 8 месяцев назад
One Russian priest said: if we analyze our life, we will see, that we wake up thinking/worrying about money, we spend our whole day working to earn money, and when we go to bed we are thinking/worrying about money again. How sad is that!!!
@scotchdopole
@scotchdopole 7 месяцев назад
And yet money don't exist. The money to wealth is like a menu to actual dinner. It's a measurement, like inches or degrees. And yet...
@nate9198
@nate9198 6 месяцев назад
In societies where cost of living burden is eased, this is not the case
@caucasianafrican1435
@caucasianafrican1435 6 месяцев назад
Money is needed for basic survival.
@CIrylgAnee
@CIrylgAnee 5 месяцев назад
Welcome to the machine
@daviddean6032
@daviddean6032 2 года назад
Hello Austin Williams: I'm 63 years old. I've learned to appreciate and embrace being frugal. I've embraced a simple life and I do not want to be rich and that helps my mind. I just want to be comfortable. Everyone thinks being frugal is cheap. Wrong. The tips I have for myself to remain faithfully frugal: 1. Cook delicious healthy meals at home and make enough for another meal or two. 2. I use RU-vid for entertainment. 3. I buy brand-name clothing at discount stores. 4. If someone invites me out to dinner I then invite him or her to my place for a homecooked meal. 5. I don't smoke and only have red wine as a special treat. 6. I don't drive and buy bus tickets but normally walk everywhere. As good as joining a gym and keeps me trim and happy. 7. I buy discounted food. For example, a bag of apples had one bad one and I got the bag half price. 8. Canned sardines and kippers are cheap, nutritious, and quick. I eat two cans a week at least. 9. Lentils and beans are my main protein and I use cooked chicken as protein. 10. I eat an egg every day. 11. I freeze tomatoes to use in soups. 12. All my reading material is from the library. 13. I use white vinegar for most of my cleaning. 14. If I'm lonely instead of going to a bar I go for a walk and talk up other walkers. It feels great. 15. I make greek yogurt in my Instant Pot. 16. A thick smoothie can contain carrots, blueberries, chia seeds, and almond milk. 17. I give money to the homeless. 18. I write many thank you cards monthly. 19. I help others who can't help me back. 20. I remain cheerful and grateful.
@mae9064
@mae9064 2 года назад
@David Dean I totally admire your life philosophy. I’m going to copy your post to my notes and try to incorporate as many of your principles into my own life. 🙏
@daviddean6032
@daviddean6032 2 года назад
@@mae9064 Thank you, Mae.
@daviddean6032
@daviddean6032 2 года назад
@Michelle Cheers to you in Australia from Canada. I too am retired, debt and mortgage-free, living on a fixed income that is below the poverty line here and, like you, I've never been more content in life. May you continue to be happy and content. That is the meaning of life.
@ElAgustin
@ElAgustin 2 года назад
Hello David! Wow, what a beautiful comment! Thanks for taking the time to write it and sharing your wisdom.
@mae9064
@mae9064 2 года назад
@@daviddean6032 @Michelle @Austin Williams from Canada , Australia & US , I’m hearing you all over here in Ireland 🇮🇪 where at 60 I’m debt free, retired, living on invalidity pension which definitely is below cost of a living wage over here and doing just fine. Delighted to have found my tribe 😀 🍀
@ra78100
@ra78100 6 месяцев назад
I am 68 and retired, saved my entire life for my retirement. Most of my friends spent so much that now they are struggling. People don’t think about the future
@margaridamdl
@margaridamdl 6 месяцев назад
I am like this, me and my husband. I hope when I reach your age I will be able to live comfortably. Delayed gratification right? People mock the way my husband and I, say that we are crazy. Only time will tell
@amgjens
@amgjens 6 месяцев назад
Dont live too frugally, tomorow may not happen!!!
@tomtucker83
@tomtucker83 5 месяцев назад
I had friends who did this, quite a few didn't live long enough to enjoy it. Their kids are buying all the stuff they could have enjoyed. Avoid extremes, don't purchase loads of stuff, but don't deny yourself everything. I always smile when youngsters talk about work life balance, work is life. Rather than working with quitting always on your mind, make an effort early on to find a job you like doing.
@davidr7819
@davidr7819 4 месяца назад
I’m 59. I’ve paid off the mortgage. But several contemporaries have fallen off the property ladder and are very stressed
@toriwolf5978
@toriwolf5978 2 месяца назад
Agreed 100%❤
@pachk627
@pachk627 11 месяцев назад
I was frugal for like 40 years but kinda lost that recently when I experienced the loss of a family member. I feel like consuming was a way of coping... Thanks for this video, it is a good reminder of my core values. I'm slowly going back to frugality.
@rdk162
@rdk162 11 месяцев назад
sorry to hear about your loss. I hope you find peace in your life. - Rich from PA
@Jacquie_Kirk_111
@Jacquie_Kirk_111 11 месяцев назад
I agree, when my husband died it devastated me and I coped by spending. I wish I could go back in time, but I can just go forward now.
@sagas0014
@sagas0014 10 месяцев назад
Yes I feel you, I was that too, I feel loss when someone gone in life. I become different spending enjoy what I want and having a hard time so I have to go back where I been slowly
@richardmcgreary6368
@richardmcgreary6368 10 месяцев назад
Consuming is absolutely a coping mechanism. It's precisely "retail therapy" which we use in vain as a balm to feel better about all of the hours of our lives we spend in cr**py jobs
@superaa6779
@superaa6779 8 месяцев назад
When you lose someone, you have to stay busy. Call a friend you haven't seen in a while and ask them to lunch or a walk.The easy thing is to sit in front of tv or shop.
@ReedHarrison
@ReedHarrison Год назад
Reason #8 being rich is a state of mind. Not having a toxic ego that makes you think youre better than someone else because you have nicer stuff! Excellent point
@vannesaguzman9459
@vannesaguzman9459 2 года назад
You got me at “I don’t like working “….I subscribed. Great video!
@daviddean6032
@daviddean6032 2 года назад
I think most people agree with you, Vannesa. I certainly do. Cheers.
@naseemazadi94
@naseemazadi94 2 года назад
I sure do agree lol
@tiddlywinks456
@tiddlywinks456 2 года назад
There’s more work out there than 9-5 and looking at a computer screen. If you are frugal you have more choices you can choose a lower paying job in an area you feel is more rewarding. I work with kids and it’s so refreshing compared to finance but it’s not as well paid.
@gigitijarain
@gigitijarain 2 года назад
Sameee ahahahha
@franzinauen8443
@franzinauen8443 8 месяцев назад
I liked working, but now I am retired and I like that too. If you like working, there is also not only one job you would feel happy. My job was in the electric thing, but also some work with wood, leather or steel I could imagine that it made me happy. Now, I am modifying guitars and learn to play it. The brain needs something to do.
@pishi1990
@pishi1990 11 месяцев назад
I love the “its 10,000 one dollar decisions” so true - its always the little things.
@privateprivate8366
@privateprivate8366 8 месяцев назад
Yeah and it’s a habit. People also talk about cutting out restaurant dining. But, when you do so, if you used to go frequently, even for fast food, you also save gas and car maintenance. You may be blue to get things done, like a bit of house cleaning or a personal project, while cooking. Heck, I even like it because, I already go out, to go to work, more than I’d like. I’d rather spend time with my pets, since we do miss each other and are all bored AF, with me at work and then at home.
@PatrickLloyd-
@PatrickLloyd- 11 месяцев назад
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
@trane85
@trane85 11 месяцев назад
Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?
@PhilipDunk
@PhilipDunk 11 месяцев назад
Absolutely not, as I've closely tracked my portfolio's performance, witnessing a staggering $482k growth in just the last two quarters. This experience has taught me the secrets behind experienced traders' substantial gains in what might appear as unpredictable markets. Undoubtedly, it's been a bold and rewarding choice I made fairly recently
@hankmarks69
@hankmarks69 11 месяцев назад
@@PhilipDunk Could you kindly elaborate on the advisor's background and qualifications?
@PhilipDunk
@PhilipDunk 11 месяцев назад
I've been working with “Vivian Carol Gioia” whose knowledge of portfolio diversification is unmatched and client-focused; under her direction, I've made more money than I ever did when I made investments utilising RU-vid on my own.
@hankmarks69
@hankmarks69 11 месяцев назад
@@PhilipDunk I just came across her web page, I went through her resume and I must say it was quite impressive. I reached out to her and I have booked a session with her.
@janb55
@janb55 Год назад
You are SO wise! At 72 years of age, I’ve learned that a roof over your head, food on the table, and loving friends and family are all you’ll ever need. Life can be simple. Embrace it. Gratitude is the oxygen of life 🙏
@suzannemills7920
@suzannemills7920 Год назад
So true❤️
@peterkim5956
@peterkim5956 Год назад
My mantra! Totally agree!
@deller5924
@deller5924 Год назад
Plus I'd need my favourite Toyota, and Honda models parked in my garage.... LoL
@beaulieuc8910
@beaulieuc8910 Год назад
Well said
@perrycoffey5410
@perrycoffey5410 Год назад
Don't forget a TV and a video game system
@andersdottir1111
@andersdottir1111 2 года назад
I’ve never liked working either: could think of 100 things I’d rather be doing, starting with cleaning the toilet. I retired early at 60 and live on a low income by cooking my meals, shopping second-hand, using the library, RU-vid for entertainment and taking advantage of discounts on rates, etc. It can be done and the peace of mind is bliss.
@daviddean6032
@daviddean6032 2 года назад
Very nice. Peace of mind is indeed blissful.
@alexbecar977
@alexbecar977 2 года назад
RU-vid is way better than stupid Netflix, here you can learn way more
@SeattlePioneer
@SeattlePioneer 2 года назад
> 57 for me, now 72. After ten years of retirement and zero earned income, I compared my net worth with what it had been at the time I retired, after I had been living off of it for ten years. In that ten year period, it had DOUBLED! Another effect of frugality.
@directionofease
@directionofease 2 года назад
@@SeattlePioneer Congrats. If I may ask, then, in broad strokes, what has been your fund allocation? And, any changes in the allocation going into the rest of 2022, ‘23? Thanks, in advance.
@SeattlePioneer
@SeattlePioneer 2 года назад
@@directionofease > I don't buy7 funds, except in retirement accounts -- and then they are broad inclusive funds. Generally, I', a buy 'n hold investor. Some stocks I've held for thirty years or more. I'm a value investor , looking for cheap PE ratios, generally. That's not always a good idea --- growth stocks can pay off big time. Or go broke, like my Washington Mutual stock. I like company DRIPS, dividend reinvestment plans, which generally will not only automatically reinvest dividends, but also allow option cash investments ----you can send in a check any time and buy more stock at low cost. Circa 1979 when I began investing, the Dow Jones Average had been bouncing around between 700-1000 for YEARS. Now it's at 32,000 ----not including dividends paid over the decades. I started buying stocks in 1979 when I hired into a utility company as a clerk. I was the only hourly employee who0 had a stock broker! None among the supervisors or managers either ----"Stocks! They're too RISKY!" I did have a couple of company vice presidents come around to ask me what I was buying though. THEY seemed to think it was a good idea. It was. There was a common lunchroom where all the employee sat ---informally segregated by status. I was always the only person with a copy of the Wall Street Journal open, and reading it. It was interesting to consider how people spent their money, and the consequences of the decisions people made about it.
@rednoseplaya
@rednoseplaya 11 месяцев назад
I filed for bankruptcy, divorced my wife, sold my $170k house and moved into a 82' trailer, back in 07'. Had nothing for retirement at 40 yoa. Lived very frugally for years, while I saved for my future. Currently 60' yoa with 3.5 million. Oh, yes I now live in a $600k home. Just focus and set your priorities!
@iakobkv271
@iakobkv271 7 месяцев назад
Did you start a business or how did you manage that?
@kotykivna
@kotykivna 7 месяцев назад
@@GlobRes And you are just jealous or stupid))) There are 20 years of life between 40 and 60))) It's possible to work hard, live frugally and save millions. And maybe he invested money received from selling his house)
@amilaperera1
@amilaperera1 6 месяцев назад
Wonderful story. Thanks for sharing
@recabitejehonadab2654
@recabitejehonadab2654 6 месяцев назад
🤔
@matthewstarr9887
@matthewstarr9887 6 месяцев назад
You must have also been making about $200,000 a year which would have helped.
@KeelyB2318
@KeelyB2318 6 месяцев назад
Preach. They mocked me at work for talking about being frugal. I tell people I practice being on a financial diet.
@kronos4136
@kronos4136 Год назад
I never thought I would EVER find another human being who thinks identical to myself about so many things.
@beverlyhamilton5688
@beverlyhamilton5688 11 месяцев назад
Me too
@gunkshunter2519
@gunkshunter2519 10 месяцев назад
Ditto here
@lisapalmeno4488
@lisapalmeno4488 9 месяцев назад
I spent a lot on my education and too many years paying it off. People would ask, did you ever think of going back to school? N-O. Lol. Never again. I love school, but the library is free, and I have my own library at home now.
@m.rivera234
@m.rivera234 7 месяцев назад
Same here..!! 👍💯
@tinabrenner3562
@tinabrenner3562 5 месяцев назад
Theres many of us
@consumerdebtchitchat
@consumerdebtchitchat 2 года назад
You are so right. People think frugality means you can't live. In fact you live better on frugality. I chose a 100K condo versus 200k. I"m on the last 3 payments. Took me less than 2.5 years to pay my 15-year mortgage. Next, it's 30 percent of take home pay into retirement. I don't make alot. But what I do bring home I make it count.
@LifeAdviceSite
@LifeAdviceSite 2 года назад
That’s awesome! I’m under contract to buy the condo I’ve been renting for my children and me the last two years, and I’m trying to figure out how to increase my income so I can pay off the note in 4 years. 🙏
@villain275
@villain275 2 года назад
Good for you! You must make a pretty good amount to be putting $4k/month towards housing though
@lugnut6981
@lugnut6981 2 года назад
@@villain275 just because the condo is 100k doesn't mean 100k was financed. Saving money and putting a down payment is an option.
@villain275
@villain275 2 года назад
@@lugnut6981 ohh duhh, i dont know why i didnt think of that lol, that makes more sense. Thank you
@freedomstar3814
@freedomstar3814 2 года назад
Nice !
@Lee-fb4oj
@Lee-fb4oj 2 года назад
"When you save, you are giving to your future self. When you are taking on debt, you are stealing from your future self." Priceless❣️
@iziyen4114
@iziyen4114 2 года назад
I need to put this on my wall 😢 cuts so deep with how true this is. Personal experience: worse if you got in debt due to trusting the wrong ppl and listening to the wrong ppl
@chabridgettumusiime8994
@chabridgettumusiime8994 Год назад
Truth ! It's the truth that hurts !
@shaunaleessnackidies
@shaunaleessnackidies Год назад
Totally agree! And your future self will thank you if you make smart choices. ❤
@pryme5837
@pryme5837 Год назад
Don't save money. Invest it.
@Lee-fb4oj
@Lee-fb4oj Год назад
@@pryme5837 🤑
@gabrielafernandez7742
@gabrielafernandez7742 8 месяцев назад
I´ve doing the same for ages. I truly believe that the more frugal someone is, the more freedom they will have in their lives.
@valerie4115
@valerie4115 Год назад
I’m 30 and just realizing this! I will be frugal going forward!!!
@Yourmammashouse491
@Yourmammashouse491 10 месяцев назад
Me to at 31....amen.
@amilaperera1
@amilaperera1 6 месяцев назад
Best age to start. Learn about compounding interest also. Very important.
@gregorycanady2530
@gregorycanady2530 2 года назад
I grew up dirt poor. I watched my mom raise me and my siblings, without help, and unable to ever......ever, provide for her children in the way she wanted. I hated Christmas because I was tired as a child of hearing her crying in her bedroom. I learned early, money in the bank was not money.........it was choices in the bank. If you have no savings..........you have no choices. I was 15 going on 35, my Mom would say. Advanced well beyond my age. I vowed to never have a life without savings.........It worked! I'm now 76 years old, with financial blessings no one would believe............. God's grace is an incredible thing!! You must make an effort...........that's all that's required people........
@dandylandpuffplaysminecraf8744
@dandylandpuffplaysminecraf8744 2 года назад
I still dislike Christmas. My mother went into debt to Macy’s and complained about it for the rest of the decade. No crying or complaining needed. To be fair she was young and unsophisticated.
@dennyatkins3842
@dennyatkins3842 2 года назад
I also believe being poor is a choice not just bad luck. For adults that is. Children get stuck with the parents choices.
@judyives1832
@judyives1832 Год назад
@@dennyatkins3842 There are lots of people in debt because they became sick. Is that their fault? They should have planned better I suppose? Maybe don’t make such arrogant statements. Not everyone is poor because they were lazy or spent too much. Maybe they had to buy medicine for their child or endure operations and medical treatments.
@kathybates1751
@kathybates1751 Год назад
@@dennyatkins3842 I respectable disagree. There are single mothers, people that are handicapped ,either mentally or physically.
@timelessmusicfamilymusic9175
I've been through that too so I know the feeling.
@philshine3388
@philshine3388 Год назад
Possibly one of the best, smartest and refreshing things I’ve seen on RU-vid. “Staring at a screen all day is not reality “ soooo true!
@harmonyexists2834
@harmonyexists2834 6 месяцев назад
Yes. My time and my freedom are everything to me. Instant gratification isn't sustainable.
@stringbean4693
@stringbean4693 2 года назад
I'm 54 & work in a Gas Station. Every word you spoke is loaded with truth & wisdom. My father taught me at a very early age , the more thing's you own the more thing's own you. Keeping up with the Joneses is draining. Income is what you save not what you make. I love your topic , it's much needed in 🇺🇸.
@ElAgustin
@ElAgustin 2 года назад
Thanks!!!
@carldavies6132
@carldavies6132 Год назад
Plp000lp
@Talk-Hub
@Talk-Hub Год назад
income is what tou save not what you earn. I will steal this saying and use it everyday
@impireexpress1767
@impireexpress1767 Год назад
I work at a gas station also and can't stop scratching lottery tickets
@justalina_S
@justalina_S Год назад
@@Talk-Hub omg, me too! It’s great isn’t it 😀
@ronjr831
@ronjr831 2 года назад
Excellent advice. I am frugal also. Freedom is very important. I was able to cut back to a part time job early in life and completely retire from work at 62. I am not rich and don’t want to work again. So many people I know will have to work till they drop because of huge debts. They are truly owned by the “Man “. Thanks for the video.
@RickBerg-b9k
@RickBerg-b9k 8 месяцев назад
This man is my idol. I am consumed by consumerism. I’ve wasted thousands in my life. Money I wish I still had.
@slovenika9108
@slovenika9108 8 месяцев назад
I hear you, my friend... too many of us. but there´s hope!
@franzinauen8443
@franzinauen8443 8 месяцев назад
One of the most stupid to use money are cars. Muscle cars or so.
@thedillestpickle
@thedillestpickle 6 месяцев назад
@@franzinauen8443 Cars is a tough one. Because if you invest in tools and knowledge and effort, you can find older cars that need some TLC, and then keep them on the road for decades longer than people who buy new cars and never touch a wrench. I drive a 2007 subaru forester. I bought it for $1250 a year ago. I know I'm saving a lot of money this way, and it's huge not having a monthly car payment, but it takes investment in other ways and it's not available to everyone.
@BuckNaked2k
@BuckNaked2k 5 месяцев назад
I figure I wasted about $100K in the last 10 years. That money could have been save and grown by now, providing a much more comfortable retirement.
@angelaberni8873
@angelaberni8873 6 месяцев назад
He is absolutely spot on !!!! I'm 70 years old and consider myself a wise old owl. So from a wise old owl ,here are my tips. First and foremost find a wife/husband/partner on your same wavelength. Never go into debt. Work and save while you are young and try to retire between 40-50. Get off grid as much as possible. Get out of cities,fast. Grow your own and keep chickens. Don't have too many children. Buy quality and only once. Buy only what you truly love,that way you will always love it and not look to replace it. Waste NOTHING and recycle everything. If you are thinking of setting up home buy from second hand places. You will find better quality and will have things not only for next to nothing,but unique things that no one else has. Keep away from shops and supermarkets as much as possible. Not only will you be spending less on stuff that you don't need,but you will be eating healthier. Of course you need to go there sometimes, but load up when good offers are on and store non perishables. Perishables can be frozen. Get yourselves some decent sized freezers. Make lots of large quantities of soups etc etc in the summer months when vegetables are cheap and freeze. I could go on and on. This system of consumerism had been carefully planned over many decades to keep people poor and to make " them",those who TRULY rule the world rich. By doing this 'they' have taken away one of our most precious things....TIME !!! Time for US, time for YOU and your families. Always make time for you and for those who are important to you. Get out of the rat race and start living !!! I love you all and understand your difficulties and i deeply sympathise. If you are unhappy with your situation and feel that expenses are just too much,move to another country where its warmer and the cost of living is much cheaper. NEVER EVER DESPAIR as there is always a solution to everything. We moved to Costa del Sol in southern Spain and in 15 years here have never had to put on the central heating in the house,only a log burner now and again. I do all of the above and genuinely care for people. ❤
@joywells7335
@joywells7335 2 года назад
Your refrain, “I am frugal” was such an effective rhetorical device. You really nailed it and this was inspiring. Thank you and I wish you the very best.
@ElAgustin
@ElAgustin 2 года назад
Thanks!
@ISEEKSPACE
@ISEEKSPACE 2 года назад
When he mentions the bit about going to out to eat was considered a special occasion, and now that he makes more money going out to eat all the time loses that "special occasion" status and becomes the "norm"--that really spoke to me because eating out is my number one problem and as much as I try to give my social circle a push back on it because I'm trying to limit going out, they tend to insist and I have to constantly repeat myself as to why I won't go and it's so frustrating sometimes. Lately, I just don't respond and move on about it because I refuse to give in. In truth, I just want to stay focused on my goals, but friends make it hard when they're not at your level so I fear pretty soon my friendships will start to dissipate and well, I'm going to have to be okay with that. Otherwise, I'll never reach my goals.
@NA-vt6mz
@NA-vt6mz Год назад
Drop those friends no one will lend u cash when u broke
@ted2136
@ted2136 Год назад
Agree re friends. But being social doesent have to and shouldnt involve going out. Cook at each others houses. Drink at each others houses. But then again i am the stage of giving up drink a cos i feel better and b cos its cheaper. But i am the stage were water will do me. A real bore. Frugal. But it feels right to me or more to the point it does not make me unhappy. More the social awkwardness that makes me unhappy. But that is mostly in my head but it is there.
@shugyosha7924
@shugyosha7924 Год назад
I’m going through the same thing. I’m going to move to the countryside though so everything will be further away. It won’t be feasible to go out all the time.
@fatbrowne
@fatbrowne Год назад
Here is a tip when you go out with these friends. Just order a water and say you are not hungry. Especially if they insist on you going and as a friend. Once they are done usually there is extra food or stuff they don't finish at that point you snack on the scraps or extra, and you spend $0.00 if this upsets your friends than you could probably find better friends that are more frugal. I used to do this in high school and college some of my friends would call me cheap but I was the one saving the my money and basically getting left over food cheap. Also I would go to every college event I could which offered free food. Usually stuff was going on every day or every other day. Saved me a ton of money
@shiny6123
@shiny6123 Год назад
When you’re broke those friends won’t pay your bills.
@daviddean6032
@daviddean6032 2 года назад
I adore Austin Williams. I may be 63 and retired, but this young man is very knowledgeable. I would like to share something, if I may. When I was 20 years old my mother made me a homemade twin quilt from rags which had taken many hours to make. Of all the good things that life has offered me, owning that quilt that cost her nothing financially still touches my heart that she gave her precious time to make me something that I still cherish.
@denisescally7090
@denisescally7090 2 года назад
It must be like you are getting a kiss goodnight from your loving Mum after all these years. I think I'm going to make one for my boy. Thank you for sharing that.
@daviddean6032
@daviddean6032 2 года назад
@@denisescally7090 Your boy will be grateful and happy.
@hilarygibson3150
@hilarygibson3150 2 года назад
Thats beautiful.
@emmel4fun
@emmel4fun 2 года назад
@@hilarygibson3150 I was literally going to write "That's beautiful" but I see you beat me to it.😻
@AnhNguyen-hn9vj
@AnhNguyen-hn9vj 2 года назад
so simple isn't it. lol you can't possible wealthy if you spend all your money and even more crazy you borrow more money to spend or even more crazy work overtime to make more money to spend them all off. dan lol
@rocker76m88
@rocker76m88 6 месяцев назад
Thank you for waking me up. I already knew what I needed to do but wasn't doing it.
@esmeraldagarcia2848
@esmeraldagarcia2848 2 года назад
I’ve learned to be content with less. As long as I have the basics food, clothing, shelter and a decent car that gets me from point A to B I’m content. I’m rich not because I have a lot of money but because myself and my children are healthy and have a relationship with the Lord 🙏🏼❤️🥰 Thank you Austin loved your video 🙂
@loveofyahweh9660
@loveofyahweh9660 2 года назад
That’s right sister. Only one life to live will soon be past. Only what’s done for Christ will last.
@esmeraldagarcia2848
@esmeraldagarcia2848 2 года назад
@@loveofyahweh9660 all glory be to God who sustains us 🙏🏼♥️ 🕊 stay blessed 😇
@turntablesrockmyworld9315
@turntablesrockmyworld9315 2 года назад
And now all you need is a man, And, here I am.
@johnboy6594
@johnboy6594 2 года назад
Amen to that Mrs Garcia
@esmeraldagarcia2848
@esmeraldagarcia2848 2 года назад
@@johnboy6594 blessed is he who waits on the Lord 🙏🏼💜🕊
@freedombug11
@freedombug11 2 года назад
I couldn't agree more with all of this! Especially "I don't like working."
@jackierivera9621
@jackierivera9621 2 года назад
I needed this… I suppose RU-vid knew that since it appeared on my feed. I love shopping and think of it as a hobby. Makes me happy in the short term, and I already think of my next purchase before the previous item even arrives!! I need to be better. It’s seriously a disease!! Thanks for the video!
@teresanino2559
@teresanino2559 2 года назад
Agree with you
@CheongK_
@CheongK_ 8 месяцев назад
This really hit home. I really needed to hear this. Thank you, Austin.
@sarala1jan
@sarala1jan 2 года назад
Somehow this showed up when I launched RU-vid today morning. I've been frugal for more than 15 years. I am cheap but I do spend money on organic produce, cook wild caught fish for my dog, buy good quality food. Eat at home 95% and probably once a week with a budget of $20 to eat out at restaurant of my choice. I don't have a coffee table, of whatsoever. Consumerism is a disease
@hero2006
@hero2006 2 года назад
Folks make fun of me for being frugal and kind of a minimalist. What they don't realize is, I don't have any debt, no credit cards, no worries and no problems. I have 2 annual and 2 monthly bills and a very very large financial cushion. When I need to go somewhere I take an Uber. I live a full, happy meaningful life and I sleep well at night. I just subscribed to this channel.
@bobbykiriakidis9753
@bobbykiriakidis9753 7 месяцев назад
Frugality and minimalism are a little different I believe. I’m not cheap,but, I don’t like buying anything I won’t foresee using and despise clutter. Minimalism works for me. Empty space is easier to maintain and doesn’t have that depressing clutter effect in your home or apartment.
@ladymallowyt
@ladymallowyt 2 года назад
Such a good video. Living frugally ties in with being a minimalist and being both these things has improved my life so much
@dana7340
@dana7340 11 месяцев назад
This is an older video but wow it speaks to my issues. I’m great at saving on slightly larger purchases ($50+) but boy oh boy it’s those smaller little things that eat away at my reserves. “10,000 $1.00 purchases” are where I hit the danger zone. Great food for thought, thank you!
@jacobworkman8204
@jacobworkman8204 Год назад
Could not agree more, it is so hard to live this way in our modern world, thanks for confirming that I am not crazy and alone 🙂
@catherinelam9381
@catherinelam9381 Год назад
"The more we do it, the less we think it as a treat but a norm" It never crossed my mind about that. Yes, it becomes less special but common thing.
@A222Z
@A222Z 2 года назад
Yes I agree about being frugal, but not cheap. .. After my kids were grown, i realized that i was using very few things & areas in my home & downsized. Now my purchases center around being portable & having simplicity in my life. I found a New Hobby = 'Investing', which is Incredibly Fun. .. first time seeing your videos 👍
@deeandrews7051
@deeandrews7051 2 года назад
Online stock trading helped me pay off most of my credit card debt and it gives me something to do during the day since I am retired.
@daviddean6032
@daviddean6032 2 года назад
Hi, A Z. I find the same thing: and I enjoy my simple life now that I'm retired.
@brenwilson8125
@brenwilson8125 2 года назад
@@deeandrews7051 and @A Z, I have the same question as above... I’m also interested in investing, can you point us in a good direction for trustworthy information and how to get started on our own? Much appreciated!
@PixelShade
@PixelShade 11 месяцев назад
This video is awesome, and more people need to hear this. I came to the EXACT same conclusion at the age of 32. it took about 5 years to fully implement a frugal lifestyle... I saved up and bought a studio apartment in Malmö, Sweden. My total expense is now 180$ per month (this incl. heat, water, electricity, TV, internet and insurance), my total food consumption is around 150$, and then I have 60$ student loan, 9$ cellservice plan. With some transport cost I end up slightly below 500$ per month (total). This has allowed me to breath, to seek out my passion of video game development, I have become a better person, I have time for contemplation, for introspective thought, I have time to become a better person. to be present, to be a good friend, uncle, brother, lover... you name it.. being frugal is the ultimate life hack that very few know of.
@SpiritusMundi4EVER
@SpiritusMundi4EVER 10 месяцев назад
And you are very fortunate to have government health insurance, which otherwise would be costly! 💸
@excalibro8365
@excalibro8365 10 месяцев назад
So your total expense is 500$, not 180$
@pioneer7777777
@pioneer7777777 9 месяцев назад
How much did the apartment cost, were you able to buy it in cash?
@erinnmackie3507
@erinnmackie3507 9 месяцев назад
​@@SpiritusMundi4EVER personally I think we need a healthcare system like Australia's. Out of all the places we've lived, both my parents agree that theirs was the best.
@JesusIsLord7773
@JesusIsLord7773 9 месяцев назад
This is amazing! Very encouraging brother, consistency and contentment And self control is key! 🙏🏼❤️ God bless you
@Se7enLuckyslevin
@Se7enLuckyslevin 2 года назад
Amen TO BEING FRUGAL i am 22 currently & i worked 3 jobs for 3 years and managed to save 60k invested 20. I am currently taking 1 year off to study online and figure out what i really want to do. I have no car i just Uber and bike everywhere And i dont spend money on clothes own 15 plain black t shirts and 8 Pairs of pants 🤷🏻‍♂️ My dream currently is to buy a Tiny home and work remotely My tip is Learn how to cook healthy good tasting food my favorite food is panda express so if i crave it i wont stop my self from buying it
@ElAgustin
@ElAgustin 2 года назад
Good luck on your journey!!
@coloneljp
@coloneljp 2 года назад
Nice bro i wish im like u
@rudyhernandez6471
@rudyhernandez6471 Год назад
Love your vision Bro good luck
@fearless6947
@fearless6947 Год назад
well done!!!! You should have more likes. $60,000 is not easy to save
@honghong3153
@honghong3153 Год назад
Wear same clothes. Less laundry. Laundry takes all your time and energy. Day after day. None stop.
@keepitreal1547
@keepitreal1547 Год назад
I've been frugal since the age of 11, when my mum told me I'm on my own in life to fend for myself. I started a daily paper round, then another, then worked full time & saved enough to pay off my first house completely age 25. Since then I've only bought what I need in life, to fulfil my needs. Never ever needed to borrowed money because I've always saved. Many years later this has resulted in freedom to do what I want, whenever I want & way before retirement age. We all have options, it's up to the individual.
@UTP504
@UTP504 7 месяцев назад
Mama taught you well❤
@amilaperera1
@amilaperera1 6 месяцев назад
So happy about you. Learn about compounding interest also. Very important
@anntunaley9974
@anntunaley9974 6 месяцев назад
11 is very young to fend for yourself but youve done well
@keepitreal1547
@keepitreal1547 6 месяцев назад
@@anntunaley9974 It sure was/is, unfortunately my mother was hard & didn't poses motherly love. Still, I knew no different & so it's how it was. In hindsight, yes I missed out on love & care, but it's made me very independent & responsibile from a young age. Thanks for your comment.
@harleycartley3138
@harleycartley3138 11 месяцев назад
Your story is inspiring. I’m 40 trying to achieve this goal you achieved. Share some tips please so others can actually learn.
@donaldlocher2537
@donaldlocher2537 11 месяцев назад
1: Plan with a Financial Advisor . 2: Be frugal and minimal on spending (don’t buy what you don’t need). 3: Save and invest money towards retirement (Roth IRA/401k) 4: Save to(Invest) it’s a proven way to get richer very important to financial success.
@JosephineGaule
@JosephineGaule 11 месяцев назад
I’m 50 and my husband's 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly. Thanks to FIRE movement.
@harleycartley3138
@harleycartley3138 11 месяцев назад
@JosephineGaule Great job with your husband! I bet you’re living your best life right now.
@Lorre386
@Lorre386 11 месяцев назад
@@JosephineGaule What’s fire please?
@JosephineGaule
@JosephineGaule 11 месяцев назад
@@Lorre386 FIRE means Financial Independence Retire Early . It’s been a movement teaching people financial independent and how to retire debt free through solid investment and frugal lifestyle
@mattsarff2793
@mattsarff2793 2 года назад
This video is everything. Frugality is so hard to explain to those who are not conscious about their spending habits. You are rewarding your future self.
@valerierogers9609
@valerierogers9609 2 года назад
An acquaintance of mine once said "if you don't want the bills, don't have them." Simple, and we have this control to a major extent.
@Arcaryon
@Arcaryon 11 месяцев назад
I think one has to differentiate between essential things and unnecessary bills. For example, I personally spend too little money on my personal diet due to not having the financial recourses at the moment and frankly, even while being a very frugal individual, this sort of sacrifice only goes so far. Some bills simply need to be covered at a comfortable level, while everything exceeding this somewhat personal minimum is a negotiable luxury and this is imo. relevant because we live on an age where this kind of minimum is actually quite a heated topic that exceeds personal philosophy and self discipline and enters the realm of politics all over the globe. Without trying to sound alarmist, AI & robotics will reshape the possibility of many people to earn a living an consequently, while I entirely agree with the benefits of frugality, I think it’s important to not become to comfortable right now since it’s up to all of us to ensure that the future ends up being a better place and that our societies do not stagnate or even partially deteriorate.
@lepetitchat123
@lepetitchat123 11 месяцев назад
so i should go live in a cave?
@arvieearp7498
@arvieearp7498 7 месяцев назад
Like that. Someone else said, 'I have money to blow because I don't blow money.'
@ZachGraham-er9sh
@ZachGraham-er9sh 6 месяцев назад
I’ve had this mindset since I was a kid. Other then my mortgage which will be paid off this year (at age 39) I’ve never borrowed money. I save to buy used vehicles, and do the most maintenance on them that I can(thanks RU-vid). I do as many things that I can on my own. Build furniture, repair things, renovations, etc. I’m trying to teach my 4 kids these values. There is so much joy in doing things on your own, and you build a greater appreciation for what yiu have been blessed with. It’s all about attitude.
@coincollectingfun
@coincollectingfun 6 месяцев назад
Crushed the like button! Excellent financial advice and thank you so much for sharing!
@JMichael2x2
@JMichael2x2 2 года назад
Life is not long enough to clutter it with the pursuit of stuff. I like your strategy, and it makes sense provided it doesn’t dictate the outcome of your life. I was careful with money most of my life, and managed to retire years before 65, but the most important decision I made without a doubt, was the woman I chose to marry. It’s been an incredible journey making a life together. Neither of us were ever materialistic, but meeting each other backpacking in Europe in our early twenties, meant we probably had certain values in common, and not wanting lots of stuff was one of them.
@DMagnifyScentlady
@DMagnifyScentlady 2 года назад
Impressive life!!!!
@ericahempenstall7405
@ericahempenstall7405 Год назад
Omg Justin, you hit the nail on the head, we are all just slaves to the system. You are classed as weird or strange if you don’t want the house, the car and the 2.3 children. To me life is too short and I would much rather experiences over things. I don’t subscribe to many channels but you grabbed my attention that is so straight and honest. Please keep this up 🙏
@HigherVibes1963
@HigherVibes1963 11 месяцев назад
I have struggled with and squandered all my money my entire life ! Since childhood, I was never taught about money (ie frugality) how to manage it, save it, invest it, budget it. I am convinced that all the other turmoil in my life was due to money mismanagement and alcohol consumption. I am so glad I just came across this video and feel that I can get some great insights and info here. I'm excited to follow Austin and here more! Kudos Austin !! This information is so badly needed in our society. And your thoughts on "The Man" are dead nuts on !! Amen !!
@Earthtime3978
@Earthtime3978 11 месяцев назад
Same here. Alcohol, anxiety and poor money management did a few numbers on me. Dropped the alcohol 25 years ago but was still left holding an empty bag due to fear. At almost 60, I was forced into a minimalist lifestyle and try to find humility in it. This video spoke to me.
@cranklesnacks
@cranklesnacks 6 месяцев назад
thanks - I like your message - there are very few things that truly bring joy and consumer garbage is definitely not among them
@ric5019
@ric5019 2 года назад
You’re like a revelation. At 45 I was starting to think like this, but watching you has just made me reach the end of this journey. New clothes aren’t making me feel better as I get order or is the new iPhone or a bigger tv. I’m starting to enjoy saving. I’m still a slave to two screens for 9 hours a day though. That won’t change for the next 23 years.
@peaceandquiet1983
@peaceandquiet1983 2 года назад
I just turned 44 and i get it. We are just working backward now to our original wisdom. I am enough. God's grace is sufficient. It truly is all a mirage of grasping.
@realfreedom8932
@realfreedom8932 2 года назад
You can change your life today if you really wanted. The only thing holding you back is fear... the real problem is not consumerism but FEAR..and they make you fearful every damn day
@MrWaterbugdesign
@MrWaterbugdesign 2 года назад
It is strange that spending less can increase happiness. I've been on the path for 20 years. I had no intention of spending less. I was a software engineer in San Jose CA so it's not like I had to spend less. It started by just being so upset dealing with some company....maybe cable TV (I forget). Just so mad I thought "Why do I even have this service? It was supposed to be for entertainment, enjoyment and dealing with this company is pissing me off." So I cancelled it. Thought I'd be really unhappy losing that thing...but I got a little happier. WTF??? So I looked around for another company I maybe didn't need. One by one they fell. For the past 15 years my total spend has been $600/mo. I get people think that's impossible. That's fine. Here's the insane part...I'm not really even trying to spend a low amount. It's all come from "Do I really want to do that?" I really don't like going into a store and dealing with people there. Thankfully self-check out for food is widely available and works well so that's nice. I stopped working for a salary 20 years ago at 45. Initially I was just taking off to work on my own software project and planned to go back to work when my cash ran out. Figure 6-12 months. But with spending going down I never had to go back to a salary. I still wrote code, love it. But I pick my projects and the biggest thing has been a lack of deadlines. It's not the work, it's the deadlines. I do own my central Phoenix home so $100/mo property tax is my only housing cost. I self-insure. My income has been near $0 for 20 years which trigger me qualifying for Medicaid which I loved (now Medicare Part B is covered plus $0 copay, $0 deductible). That triggered LifeLine (free smartphone and plan). Now I can get free high speed internet at home. Sweet. Not being married is a huge savings too.
@nuralshyn
@nuralshyn 2 года назад
«Not being married is a huge savings too» 😂😅 How you enjoy your life? I am also very frugal. I am a woman. I color my hair every month by myself, because I have white hair. I do my manicure by myself, I am baying only discount clothes. I did most remodeling in my house by myself. I cook everyday twice for my family of four people at home. But I can spend sometime for steak in restaurant $60 or go to vacation in Europe and it makes me happy.
@daviddean6032
@daviddean6032 2 года назад
@@nuralshyn I really enjoy reading this, Nur. Because of your savings, you can indulge in what really makes you happy. Once in bad weather, I ordered a pizza as a treat and the fellow who delivered it was cold and wet and had holes in his shoes. I gave a large tip, not to tell you this to beep my own horn, but another good thing about being frugal is helping others and that even if it just happens every now and then was powerful to me.
@daviddean6032
@daviddean6032 2 года назад
Impressive. Very impressive.
@loramatilda1126
@loramatilda1126 2 года назад
The way you describe it.. especially the last sentence not being married it's a huge savings too.. looks like you are living an isolating life.... I don't think that's a happy life.....at least you have a dog, Cat? or you think that also not having animals helps the"Savings"?😂😂...i wouldn't regret all the euros i have given for my furry loves , domestic and homeless ever....i have regretted buying make up from Channel and Yv Saint Laurent... but for the love of bonding with humans and animals sorry mister... but we are HUMANS living in an endless Universe. We need relationships with other Humans, animals and mother earth. There's 'no saving on that".
@loramatilda1126
@loramatilda1126 2 года назад
@@daviddean6032 what happened to the"cold pizza"? did you gave it at least to the neighborhood cats or did you threw it?.... saving also means to be grateful there's food and to never waste it. A lot of homeless animals don't have anything to eat while so many people throw food at their garbage without second thought.
@hemacdonald400
@hemacdonald400 2 года назад
I just stumbled over your video and I could not have said it better. I also am frugal but not cheap and there is a big difference. I watch every dollar carefully so I can spend a month on vacation. I have never lived for money, nor have I aspired to live beyond my means. Thank you for reaffirming my mindset!
@tablefortwo313
@tablefortwo313 11 месяцев назад
Your latest video sent me here, and I’m so excited for this journey! I’m 37 and am shifting my perspective on finances overall. Your videos are extremely helpful, thank you!
@dougr.2245
@dougr.2245 2 года назад
I'm with you. It's not being cheap to control where your money goes & not waste it. I grew up thinking that waste is a sin! It seems to me that the rest of the world is about being a throw away society. Buy, buy, buy use it for a while then throw it away... Treating possessions like single use plastic bags. Thanks for this video!
@lynnettemurphy8243
@lynnettemurphy8243 2 года назад
Doug R, Your spot on with people treating possessions like single use plastic bags. Always chasing stuff, yet not valuing it. Its as if they're searching for somthing to give life meaning. Whatever it is they're not going to find it on Amazon. Take care and stay safe.
@daviddean6032
@daviddean6032 2 года назад
I agree with you, Doug.
@AndriaaLeoLove
@AndriaaLeoLove 2 года назад
My Father especially didn’t play that wasting stuff either!
@kathleenmillette574
@kathleenmillette574 2 года назад
I'm totally with you on that. I hung up my consumerism hat at 36, expatriated to France and changed my life forever. Now at 68, I'm retired, own a house, am debt free and have a good pension. Best decision I ever made in my life.
@noreenn6976
@noreenn6976 2 года назад
Sounds heavenly.
@cuteopiax1259
@cuteopiax1259 2 года назад
Isn't owning a house in France consumerism though?
@noreenn6976
@noreenn6976 2 года назад
@@cuteopiax1259 everyone needs somewhere to live
@kathleenmillette574
@kathleenmillette574 2 года назад
@@cuteopiax1259 well, I have to live somewhere. A cave is a little too minamilist. :-D
@shadowsmile291
@shadowsmile291 2 года назад
Bravo Kathleen !
@yit555
@yit555 Год назад
Great video. Being frugal myself, I’ve been able to pay off my mortgage at 26. I drive a ‘92 car. I don’t buy much of anything, I have everything I need. It’s a great way to live, and gives me plenty of options.
@nursemia
@nursemia 6 месяцев назад
I'm glad YT recommended your video. New subscriber here! I am frugal and everything that you mentioned made a lot of sense! Thank you!💖😃
@twish1999
@twish1999 2 года назад
Wow, you are only 38 an you're so wise. I am 64 and have lived this frugal way all my life and i wouldn't have wanted to live any other way. No i don't have a posh or even quite a new car, no i don't have an expensive place to live... nor do i eat out and buy things all the time, but when i do buy something or eat out somewhere it is special and i like it like that. Well done to you for spreading the wisdom of living frugally, a great video.
@ExileOnMyStreet
@ExileOnMyStreet Год назад
Right on! Life is so much simpler and stress free when you have zero debt. The system is set up for you to be making payments until the day they bury you. Don't let them win, you can beat them at their own game.
@peacelovejoyandhappiness
@peacelovejoyandhappiness 2 года назад
Your channel is going to grow rather quickly. I hit for all notifications so as your videos come out I'll get emails notifying me. 😊 Way2Go, you rocked it with all of your information provided here. I agree with everything you said.
@ElAgustin
@ElAgustin 2 года назад
Thanks Krissy! I appreciate it!
@ucreativething
@ucreativething 6 месяцев назад
Well said, brother. Thanks for organizing the main reasons in a concise video. It'll do so good for the right people.
@cindyhughes4599
@cindyhughes4599 2 года назад
Another amazing, informative video. Thank you Austin . I wait patiently for your new uploads because every single one inspires me.
@ElAgustin
@ElAgustin 2 года назад
Cindy, it means a lot to me for you to say that! I'm trying my best to keep the videos moving while seasoning them with as much love as I can! I appreciate you taking the time to watch them!!
@alexbecar977
@alexbecar977 2 года назад
F ing legend man, my frugal breakdown was when I realized the anticipation and purchase gave me more pleasure than the thing itself.
@zoe9632
@zoe9632 2 года назад
Dopamine from the anticipation. One of the reasons why online shopping is massive.
@lulamidgeable
@lulamidgeable 3 месяца назад
That is exactly how it works. Exactly.
@Sherry-oc9tb
@Sherry-oc9tb Год назад
I completely agree with you. Thank you for your videos. I am 57. When I turned 50, I gave away everything I owned. Everything. Only kept clothes I kept 10% of my wardrobe, took my Airline passes and lived in hotels. I get Free breakfast, free wifi, free cable, gym, pool , security and daily housekeeping. Not to mention, I accumulate hotel points and credit card hotel points as well. I pay off my credit cards monthly in full too. Did I mention I retired 12 yrs early! No children or spouse. I'm happy as can be and go where I want. I uber as my transportation. Life is what you make it. No one really cares what your house or luxury car looks like. I had both and it was money wasted that I could have reinvested. I eat salads daily and treat myself occasionally to a nice dinner and champagne. One day, I'll settle down again, but I have the ultimate freedom. It's all a choice. Save or spend. I Save wisely.
@wenchen8173
@wenchen8173 Год назад
This kind of life sounds good, only if you are expert for investing your money; or you are old enough no need to invest anymore, normal people are not very good at investment, but if they own their house, their money at least will be appreciated with time, one day if they need money they can sell it or re-mortgage for cash flow.
@wenchen8173
@wenchen8173 Год назад
What is your hotel cost daily?
@Sherry-oc9tb
@Sherry-oc9tb Год назад
@wenchen8173 it all depends on a location and brand of hotel. $139 a night for a long term stay.. no more. This will equal to about $4k a month. Due to rising hotel costs I have moved over to airbnbs in prime neighborhoods. Breakfast still included daily. Good luck!
@wenchen8173
@wenchen8173 Год назад
@@Sherry-oc9tb I am about your age and I am interested in your life style, how often do you move from one place to another?
@Sherry-oc9tb
@Sherry-oc9tb Год назад
@wenchen8173 I move every couple of months. Some places I stayed much longer. I'm a minimalist, and can move with my 3 suitcases at any given time. I'm currently in a location now for 4 months. I have no idea where my journey will take me next, that's the beauty of being free of possessions. Best of luck and trust yourself!
@gaminglio6945
@gaminglio6945 9 месяцев назад
This is gold. And this is exactly how I picture life. Thanks for the visualization.
@tamarap387
@tamarap387 2 года назад
I've always considered myself a frugal person and it has definitely paid off now at my age of 62. Worked a good job during my kid's teenage years, paid off a house and with half of that money from a relationship split later, gave my Dad the lump sum to build a home on 25 acres of land...Continued to work over the years and bought a sweet little 1946 'store' and was able to pay it off with my RRSP's (in Canada). Now I live in the home my Dad built ...mortgage free and have given the 'store' to my son so he can now live in it mortgage free. Lots of big money decisions that have worked in my favor, but it all came from being completely frugal in lots of other areas. (Was still able to travel a bit etc,), but I love simplicity and have few real 'needs'. Feel very blessed and thankful.
@nelliemelba4967
@nelliemelba4967 2 года назад
This is bang on the money. This guy is so right. I've cut down, and cut out so much unnecessary stuff out of my life, and I miss none of it. I've learnt to appreciate the simpler life, and I love it.
@ElAgustin
@ElAgustin 2 года назад
I appreciate it, Nellie!
@honghong3153
@honghong3153 Год назад
I miss none too.
@honghong3153
@honghong3153 Год назад
@@ElAgustin thank u for much wisdom.
@marep5597
@marep5597 2 года назад
You are wis beyond your years. I’m in my 60s and had to laugh when you spoke about The Man. It takes me back to the 60s and 70s… it’s so true. I also applaud your honesty for admitting you don’t like to work and calling nonsense on the notion that if you love what you do you’ll never work a day in your life. It’s a nice sound bite but yes, it’s nonsense. My husband and I have been debt free for over 20 years. We live below our means and save, save, save. This doesn’t mean we don’t spend money but it means we can pay cash for everything and don’t spend impulsively. Even big purchases like cars and home remodeling projects. Being frugal and living debt free is the only way to live.
@richardmcgreary6368
@richardmcgreary6368 10 месяцев назад
Great wisdom here. 2024 is the year I rediscover my inate frugality due to my intention to save more towards my pension. In my twenties, when I had a much smaller salary than I do now, I was SO frugal! It was just the norm back then. But I've really let it slide over the years and developed some bad, lazy, short-term habits. Wish me Luck! 😊❤
@dc1674
@dc1674 2 года назад
100%. Well said. I have a friend who criticizes my frugality. I think its funny because I'm a debt free multi-millionaire and he is on the hampster wheel in corporate sales with hundreds of thousands of dollars in debt. I just shrug.
@katemiller7874
@katemiller7874 2 года назад
If you were a real friend you help him after that teach him your ways
@mizzemotionz4074
@mizzemotionz4074 2 года назад
@@katemiller7874 very judgemental of you to assume that he/she has not tried to inform the friend. Critism usually tends to mean, people have been given information, that they tend to not put any value on.
@injanhoi1
@injanhoi1 Год назад
People fail financially because they get into so much debt!
@Cerez78
@Cerez78 Год назад
I believe in balance. Too far on any spectrum isn't healthy. Don't forget to show kindness and generosity to others and enjoy life. You can't take all that money with you in the end 😉
@JosephWheels
@JosephWheels Год назад
Austin, you are a smart young man. I'm 70 and have lived within my means for most of my life. For me debt was a weight that that prohibited me from living life to the fullest. My friends made fun of my choices while they were swamped in dept, we are all retired now and I might be one of the few that is truly free.
@ElAgustin
@ElAgustin Год назад
Thanks!
@shehnazahmad5213
@shehnazahmad5213 2 года назад
I turned 46 years yesterday. I soo agree with you Im Tour Guide. Johannesburg South Africa 🇿🇦
@sajjadyb
@sajjadyb 7 месяцев назад
Your doing a fantastic job Austin, I am on this journey with you as well from London.
@WhiteWolfBlackStar
@WhiteWolfBlackStar Год назад
I like this very much. Both my Ex and my friend were in the banking industry. They said YOU HAVE TO HAVE DEBT! I didn't even know HOW to GET INTO DEBT! I have an OK credit score because I DO buy used cars, I don't buy things on credit, and I don't like buying 'things'! Too much clutter. But according to the bank peeps.... CREDIT SCORE IS EVERYTHING, and you have to get into debt to have the credit score. The whole thing is a scam! I don't have BAD credit, but it's not spectacular either. All I know is, if you need a loan from a bank, they only give it to you, if you DON'T NEED IT! I like frugal. I like minimalism. My favorite restaurant is MY HOUSE. I don't care about keeping up with the kardashians LOL! 😎 good stuff here!
@amillia222
@amillia222 6 месяцев назад
👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👍🏻👍🏻👍🏻!
@pepper1188
@pepper1188 Год назад
I was a hungry kid and that always stuck with me, the main benefit of frugality is knowing that you will always eat. I haven't had many things, but I always have healthy food.
@privateprivate8366
@privateprivate8366 8 месяцев назад
I haven’t always been frugal. But with what we seem to be headed for 😳🤯. I’ve stocked up on about 1 years food now.
@juleerowley9706
@juleerowley9706 7 месяцев назад
I live like that...I'm happy to buy anything from thrift stores but I buy organic best quality food I can possibly afford.
@mikew8573
@mikew8573 2 года назад
Austin, GREAT video and I can honestly say I've been on board since hitting 40. I'm now retired and NO I'm no longer making the big bucks but my having a more stress less, peaceful life without the daily grind is what I so desired. My profession was in the finance industry and I've got many war stories I could tell all day long of consumers bad and impulsive spending habits. But although I was way ahead of my clients in my being frugal, cautious expenditures, etc.; it kept me in check. And what irked me is they were blaming everyone else but the face in the mirror. Whom are you trying to impress, what's to gain?? So today I live a comfortable life in my home I've had since it was built, still a mortgage but it's my only debt. Being a minimalist runs parralell to 'frugual. They work hand in hand to a peaceful, no stress no chaos life.
@LibAlcock
@LibAlcock 10 месяцев назад
I like your quote: “When you save you buy back your freedom” nice ❤ BTW my spouse and I aren’t “cheap” we refer to ourselves as “fiscally responsible” ❤
@joanbeauregard9338
@joanbeauregard9338 2 года назад
Love your channel! What a wise young man! Years ago my husband and i paid off our house and cars, carried no debt from then till now. Now I’m a widow. Loss of a spouse is always a major change, and I’m watching you now because i want to make this latter part of my life sane and worryfree. I panicked at first, but by doing research, making adjustments and listening to smart young people like you, I’m on a mission and feeling optimistic about the present and the future. Mil gracias, amigo!
@victoriaamezcua9161
@victoriaamezcua9161 2 года назад
What a great video. I love being frugal and I don't waste anything... For example: I own one ounce plastic containers for even my smallest left over... I composter greens, pits and peels ... I recycle water... I fixed my 22 year old washer... I shop good will on discount days... I help the less fortunate... And the list goes on and on. Thank you. I wish more people would think like us. Our world would be in way better shape if we all stopped this consumerism way of being. ;)
@Madisonbabyloves
@Madisonbabyloves 2 года назад
4 weeks paid vacation leave in Australia. Love your point of view, I live like this and it is very rare...love being frugal...and I have everything I need and want...subscribed...thank u.
@ElAgustin
@ElAgustin 2 года назад
Yes, frugality should be the norm.
@batmanbluedarker5087
@batmanbluedarker5087 11 месяцев назад
Hey I needed this. I will save everything I can. And you’re right, the less you do “luxuries” the less special they become. Thanks hermano
@victoriakuznetsova8410
@victoriakuznetsova8410 2 года назад
Love your honesty and a fresh perspective on frugality! Thank you!
@ElAgustin
@ElAgustin 2 года назад
Thank you!
@englishguy215
@englishguy215 2 года назад
Great talk, it reminded me of someone I met years ago. He had retired from 23 years in the army and had set up a small business in the UK. After a few years he emigrated to New Zealand because as he said "he was fed up running to stand still". For a lot of people this is their life, they work all the hours possible not for themselves but for others.
@MrPrimoPR
@MrPrimoPR 8 месяцев назад
Your time for yourself is excellent!
@mackijs1
@mackijs1 10 месяцев назад
This is how ive always thought as well. Refreshing to hear this. I kind of like work though just because of comraderie with my workmates.
@mandysimmons2769
@mandysimmons2769 2 года назад
I stayed 30 years in a dumpy little house but it was twice as good as the even dumpier one I grew up in. By the time we got ready to leave we had the money to buy it outright due to our "frugality." I am thrifty and my husband can squeeze a nickel until it bleeds. Our final bigger retirement house is only twice as big as the dumpy one. We had tons of stuff left to us too from grandparents and parents, talk about lucky. Of course, I took care of them so...ok. I love where we live now it's so quiet and safe and the rich people that live out here put the most fantastic stuff on their curbs. I had a formal living room to fill up and omgoodness, I have found a phone table, a side buffet, mix matched outdoor patio stuff ( I painted it all the same color to match ) and I could go on and on. No one knows we are not wealthy born like most of the people around here. We are not planning to go twice as big again tho. It's like having a mortgage to pay taxes and insurance on this thing. I wish I had known as a poor kid that one day I'd have a pantry, more than one bathroom and an indoor laundry.
@jenniferhcsmith-5586
@jenniferhcsmith-5586 2 года назад
Priceless 🤣🤣🤣🤣🤣
@zoe9632
@zoe9632 2 года назад
A big yes to being thrifty too 😄
@DMagnifyScentlady
@DMagnifyScentlady 2 года назад
Great story!
@darnabedwell2115
@darnabedwell2115 2 года назад
My middle name is frugal. My only regret is not adopting this attitude earlier in life. Simplicity is truly beautiful and so are you Austin. Thanks for your motivating video. 🤗
@moyacroukamp633
@moyacroukamp633 2 года назад
So true what you said,great video.Wish you had been around when I was in my twenties,my life would have been so different.Thank you ,you have been a great help.
@ElAgustin
@ElAgustin 2 года назад
Thank you for watching!
@MorganMunday
@MorganMunday 2 года назад
So true. When my husband And I read financial freedom by Dave Ramsey in our 30s we were like how have we not heard of these things before. It was very crazy.
@annaalm18
@annaalm18 2 года назад
@Moya oh yeah! I would have needed to know that stuff decades ago:)
@cluelessinky
@cluelessinky 11 месяцев назад
Buying a house was one of the worse decisions I ever made I worked to pay off the mortgage only to sell the house at a loss. I rent now and have no worries about the upkeep of the place and property. If the A/C system breaks I call the landlord and if the response is quick. I’m saving a good deal of money every month and am now financially independent. I buy used cars, go to second hand shops for my clothes and am very selective in my grocery shopping. Take the time to save a dime is good advice.
@MHdollrevievs
@MHdollrevievs 9 месяцев назад
We live in Calgary and it's way cheaper to pay a mortgage than renting, Plus landlords are vultures.
@FUUUUU1111
@FUUUUU1111 8 месяцев назад
lmao
@privateprivate8366
@privateprivate8366 8 месяцев назад
@@MHdollrevievs yeah, I just inherited a mortgage free house. Still have to pay property taxes and other. But it may equal about the same, for way more space, far less rules and control and I’ll have something to sell, if/when I need, as I get older. Been stuck in this apartment for all my life actually. No investment at all. My neighbor did the opposite. She’s been home since before the pandemic. Now she’s back to work. May have to do with out of control rent, since they’re really tacking it on, all across the country now.
@MrRagnarxx
@MrRagnarxx 8 месяцев назад
9 out of 10 times getting a mortgage is way smarter (where i live which fortunately isn't the us). it really depends on area you can't objectively say one is better than another
@privateprivate8366
@privateprivate8366 8 месяцев назад
@@MrRagnarxx always has been. Problem is, it’s becoming increasingly difficult to live anywhere, because of all the financial games being played, for the express purpose of getting people out of where they live and into lesser digs, for ridiculous amounts of money, to live on top of each other or in a tent. While I know it could be how an algorithm affects my online personal accounts, I am being bombarded with advertising for obtaining Refis and HELOCs and I think that part of the reason why, is because these places are not in the lending business. They’re in the home acquisition business, waiting quietly for a financial slip up, so they can snatch your home. The whole “use your home equity thing has gone viral. People are doing it and some of them are finding they will ultimately have $0 equity. Stay in an apartment and they’ll just keep raising the rent, until you can’t get keep up. I’ve seen elderly people leave, 3 times, because what else are they going to do, even if they have nowhere to go. Only one of those elderly was “lucky”, because she was found dead of pneumonia, 2 months before she was about to be evicted.
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