For real. I'm 50 and single and looking to get out of the trap, not have someone help me get back into it because they got to have marble or granite countertops and home remodels every few years. I don't think it's a risk I care to take. I prefer peace and simplicity.
I once saw a comment from a very financially savvy guy and he said that one of the most important financial decisions you can make is the person that you choose to marry or spend your life with. Fortunately my wife is like Ghandi in terms of buying things and has no interest in finances or money.
True. Unfortunately me and my husband are total opposite. He is very wasteful and spends like there is no tomorrow. I for one keep looking for ways to stretch our money and not spend on stuff that we don’t need. It’s a challenge and I learned I can’t change him.
@@Opm0316 Sorry to say but I don't think that your husband is much of a partner if he is doing this sort of thing and obviously worrying you about financial issues in the process. Building wealth and security, for most, takes time, effort and a joint approach to it all. Being old and broke isn't a good outcome.
I'm technically "poor" but live within my means... I don't owe money, I don't use credit cards, I drive a low mileage older Camry (boring but reliable) I wait till I've saved up for stuff... I bought modest bit of land and am building a small home without borrowing money thanks to my discipline with money... and I'm caring for a disabled son by myself so I'm actually poor by government definition but I'm rich by my definition ❤❤ I've taught myself many skills in order to save money being self-sufficient... I've lived in an old caravan while building. .. I've been willing to make many Sacrifices but I'm debt free 🙌
I try to preach this to so many people but people don't want to listen.. my house is bought and paid for and my land my cars are paid for I have zero debt.. everybody wants a big house big cars boats and jet skis five kids and then cry that they're broke well my God I wonder why..
I love parks and trails. It amazes me how empty parks are while everyone else is out there rushing around to go shopping and spend what they made as they trade 5 days for 2.
You're absolutely right! I started living out of my car the last few months and I also started working for myself this year. More opportunities to go to parks and I live near a national park. During the week there is hardly anybody there because everyone is just working. I love the flexibility because I can experience the outdoors way more rather than being in a cubicle farm all day long.
@@agentm83 Same here. Miles of trails that cross over creeks, go through woodlands and prairies. Walking out in nature does so much good for one's mood. Exercise, sunshine, fresh air... What's not to like? 🙂
@@razzikatta Smart! I'm going to end up needing roommates. I recently moved to the Chicago area. Rents prices are crazy high! I'm hoping I can find a safe, clean, quiet, affordable room to rent as a woman.
Love the video, Tim! I’m a single mom of 2 and my 17 year old daughter and I have planned out our entire 2025 budget. I’m canceling my Amazon prime, found cheaper car insurance($40 instead of $75) , etc. We’re trying to be more accountable with our money this year.
She actually has FUN planning stuff like this 😅 and it will serve her well when she goes off to college next fall. Part of the reason we’re saving is so that I can take her on a graduation/18th birthday trip in May.
I have found that moving helps me keep my posessions light. I always think (1)where will i keep this? (2) do I want to move this in a couple years? No? I don't buy it
Ive always lived below my means, but for the last 13 years the lady I've been with always spending and never think twice. Im to the point i just wanna move on for several reasons, but i now realize i cant go far financially if whoever you're with doesnt have financially stability or understanding of saving money. Thank you for this i really needed this.
Man, I wish I would’ve been taught this before I was out on my own, no safety net, 18 years old, new city for school… and so excited to get my first credit card and to buy things I’d never had access to or money for when I was growing up… and not at all thinking about how much of my future life and income I was trading away for things I definitely have mostly forgotten about and/or gotten rid of by now. Thankfully I’m finally knowing better these days… but man, it’s amazing the debt a person can accumulate in 15 years of having little financial forethought, discipline, or understanding 🤦♀️ this is the kind of stuff we should be learning in high school-I was so unprepared, and by the time I came to understand the trap, I’d already fallen into it headfirst
My husband has always stressed the importance of living below your means. It was a hard adjustment for me because I was not as financially disciplined as him. Well, 13 years later I am so THANKFUL he was unmoving from this rule. The tears and the fits did not phase him one bit lol. The first 2 years were hard but once I saw that we could still live comfortably BELOW our means and I wasn’t going to die 😂 if I didn’t get something new every month, I got on board. Being financially responsible is a flex!
I live in a cargo trailer because I slowly got so much credit card debt from a business venture and being laid off and of course living beyond my means a bit, feeling like like needed to be somewhat enjoyable to be worth living. Working very hard now to become debt free. Never again.
Very well said Tim! The more money you owe, the more work you have to do! That’s why I am a cheapskate. I hate paying bills!!! So I’ve adopted the motto, if I can’t have it for free, then I’ll have it for cheap. God bless!!!!
I got a lot better at living within my means when I learned to gamify it. When things got tight and I swore I wouldn't go deeper into credit card debt I started playing games with myself. I'd round up everything to the next $5 at the grocery store and put the cash in a cigar box that I would get out and count frequently to feel better. Anytime I would talk myself out of buying something like a Starbucks or a pair of shoes or something I would transfer the money I would have spent to a savings account. It didn't take very long before we had enough money to be able to start handling emergencies with panicking and needing to max out a card or get a small loan. It was absolutely life changing.
Gotta fill the void from the lack of relationships. I remember when families got together and kids played on the Street or in the woods. We have all become jealous and full of envy. It's not about work, it's about keeping up so you look fine.
This!! I feel like shopping is my only outlet. I’ve always been a fashion girly but sometimes I shop because I’m trying to fill the emptiness I feel from having no friends, relationship and being an only child my whole life
@tiabroughton2136 yea, if you watch people after a divorce or a birthday that's depressing, you can see this trigger. We're all guilty I bought a new Harley once 😂
@@JaninaKozera-rm2nd it's called peer pressure. It's easy to chase it, I've been there. It's a lesson you gotta learn on your own. I wouldn't stop any one from doing what makes them happy, just doesn't work for me.
You are a very sensible person Tim and I shudder to think that you might have missed your calling by not starting your Yt Channel. Thanks for taking the chance because you're really helping people while some channels are just drama and foolishness causing more problems. 💫✨🙏🏽
I think the instant gratification mindset of Society has now has thrown living within our means out the door. A lot of people don't have the patience to save up money and enjoy it later. They are too busy spending money and worry about the consequences later. Craziness! Take care Tim 💕
Great video Tim, as always. You're 100% right. For me, the real joys of life are cheap or free. Walks in nature, sunsets, laughter, the adrenaline rush from exercise. I've been living simply since I was a teenager and had an absolute blast! I rent a simple room, cook my own meals and use financial assets to boost income. The corporate powers want us in debt and stressed, we all have to fight for our liberty!
Hi Timothy!! 👋 This is the 1st time I've been to your channel & after watching 2 videos I subscribed. I'm 47 and on SSI after having a massive stroke in Aug 2013. Yup I was 36, and woke up being bed-bound from the stroke & lucky to be alive. It took m.j e 2.25 years in rehab, but was discharged 12/16/2015. From that day on I learned to live within my limited income, and tok bgg e frugal as much as possible. I haven't had new clothes, furniture, etc in a long time. Until this past June when I needed to get a new smartphone cos my old one wouldn't update anymore (had it since 2018), but I got used (refurbished) for $128. However, I had set money aside from SSI each month for it for months beforehand cos I knew I'd need to get a phone soon. I hope to use this phone fir as long as possible like my old one. (Still in use as my backup phone with TextNow app since it uses my WiFi.) Anyways, I basically live by the motto: Reduce, Reuse, Re-Purpose, and Recycle.
This is a great topic and a great video 💯👍🏿👍🏿. Me personally, when I realized that I was part of the problem, I knew I had to make a drastic change in my life. So I moved off-grid and downsized heavily. Now I live the lifestyle of a minimalist; peacefully!
I put in raised beds for a garden and I’m learning how to can food. I also go to thrift stores for clothes, kitchen supplies and I love garage and yard sales!
Everyone says 'Time = Money'. But then realizing 'Money = Time' changes a lot. Reckless spending really does enslave you. 💯 Save what you can, and experience more freedom.
Hi Tim. I have been living below my means for many, many years. That's why I was able to retire early, pay cash for my van and travel to places that I have always wanted to visit. Hope you have a joyous and blessed new year.
Hey Timothy, in 2019, I paid off over a $100k consumer debt using the Dave Ramsey Total Money Makeover. It took 2 years. Still consumer debt free but have a mortgage only. Praise God. I recommend program.
Congratulations on paying off $100k in debt! I am just starting off and have to pay off $100k as well. One thing I know for sure, I’ll never let this happen again, ever!!! Again, congrats for getting out of debt.
"Dying with debt" - what a phrase! I daily think about my future and especially what I will leave behind on planet Earth as an impact whether it is social, community, family, or financially related. I know as I age I will be a minimalist and more of a philanthropist (because I cannot take it all with me!) I already am a humanitarian💙.
Q Everything in moderation It is OK to enjoy 😉 the fruits of your labor Eat healthy delicious food Sleep 😴 in good quality comfortable sheets and comforter Wear nice clothes and good shoes Smell good Q
One of the issues is inflation. For some people, they might spend the bare minimum housing gas food etc and it’s still eating up a large chunk of their paycheck. Plus TAXES
yes! i agree. it's hard when your paycheck doesn't cover the cost of living. so unfortunately people have to get a credit card...just to buy food + gas. the basics. 🙃
I don't even think that the term afford is relevant anymore because someone can say they can afford their rent but at the same time they'll never be able to save a penny or have anything to retire
@@the.h.i.g.h.priestess But a credit card means that you're also adding a high interest component to your costs so how will that work in the longer term? Surely if you can't afford to live without a credit card you can afford it even less with one?
@@oldbloke204 it's so ridiculous. i have been trying to pay off my credit card for years now. interest is outrageous. it's been hard times so it's been hard to get out of the vicious cycle. 🙃 pay off a little...then get slapped with interest. then repeat. one day i wish to never to own a credit card. but when you barley make ends meet, food + gas, meet my credit card. 🙃😭
Tim pls don't accidentally delete this archive, i love the live streams but really love these shorter solo vids & don't have time to watch the whole video right now
I don't need a car but, i do need a rain suit . I have a 60% rule, All my monthly bills and needs can't cost more then 60% of my monthly earning . While being 100% debt free.
That comment you made recently about giving grace, even when you know it will not be returned really stuck with me. I had a chance to use that advice today. And I feel a lot lighter and more at peace. Thank you for that one!🙏
I watched some of your videos and I just wanted to say that I love your messages and I love the park/ landscape in the background. It looks really nice, regardless of the season 😌
I adopted the 50 / 30 / 20 budget. Three simple categories, needs, wants, and savings. I prioritize the savings first, and do everything I can to limit the needs and wants within their budget categories. When successful i always have a little left over between paychecks.
The 50/30/20 rule sounds great, but you’re still blowing away 30% of your income on unnecessary things. I would save a lot more than 20% if I could limit my needs to 50% with today’s prices. Probably impossible to get wants down to 0%, but 10% to 15% is when you can start padding yourself on the back not 30%. 😂
I learned a lot from fishing. When I first started for steelhead I bought *EVERYTHING* under the sun to try and catch 2-3 fish a season. Old guy saw me at the sports shop one day and laughed said, 'Lures catch a lot more anglers than they do fish, use this and nothing else'. Been using those same 3 lures for the last 2 years. Catch just as many fish.
Live the best of both worlds. maximize your enjoyment/ consumption of the hedonistic treadmill that you enjoy the most, and minimize the rest. I get a lot of fun out of video games, and researching stocks watching movies and tv shows, listening to music, reading books. That is what I sink a lot of time and money into. As for the rest of life's "stuff", I keep to high quality, low maintenance and only buy when i lack something, and only add more when necessary.
Thanks, Tim. Recently, I've been trying to drill down what part I have to play in the events that happen in my life; rather than pointing the finger at someone else and thinking that pin pointing who is responsible solves the underlying issue. I think this post was a gentle nudge in getting us to reassess what what we're doing and course correct, if needed. Thanks again
I know someone who is an older person and everything that they see online seemingly convenient but cheap, they're ordering it tomorrow. So many boxes. I try to tell them buy things higher quality because of course its chinese junk and they'll be buyinf another one soon. I do myself have a habit of seeing good products on sale but doing my best to keep in mind, the less I have, the more freedom I have access to. May 2025, I mature to live below my means.
You're ahead of the game Tim. Wanting less reduces Consumerism, Capitalism and Corporationism. Connection is what brings Happiness, not stuff. As you've said before, the more you own, the more you're owned. The Simple Life is the Happy Life. As per the vid, just go for a walk in Nature and connect with people!
I saw the title and only had this thought, people who use social media like tiktok, instagram, facebook, are always in a state of comparing themselves to what they see online. That's why people live beyond their means, to one up each other.
about 20 yrs ago i cut the cable tv out was 50 a month and just kept internet. I have driven used cars also. and make coffee at home etc it will add up over time it is difficult to cut out things but once you do it will add up quickly... have worked and never went out on the weekends to bars etc i looked at it as throwing money away... instead i learned all i could about investing while working. I have bought things i need like tools from yard sales etc. never pay retail if u can help it. also wait til you find what you need within your budget. dont over pay for something cause you think you need it right now.. learn how to fix things yourself will save you that 150hr charge... swap your skill set with someone else skillset to save money...
Thank you, Tim for this video. I at one time thought I needed to have things that were really wants and not needs. I think that's the first step is to realize what you need. As you said, food, clothing, shelter are needs. It's a vicious cycle to try to break but everyone is able to break out from debt. It takes some hard work and sacrifices but it is so satisfying. It may take 2 to 5 years for some people but it's a goal that is achievable. God bless you and keep you healthy and safe!
Great topic. I am in full agreement on this. It is such a consuming and materialistic world today. INSANELY MATERIALISTIC!! I watch very close people to us just but and buy and buy toys/stuff that they go into debt doing it and they are so nonchalant about it. It’s scary stuff. When we get together, all I hear is envious talk. Like a competition for them. A pathetic and meaningless competition.
Thanks Tim! Great follow up on a topic that you could discuss over two or three videos. I pay attention to things like that because I’m starting a channel soon. I was one that commented on your last video about businesses/capitalism isn’t at fault; we as consumers are!!! This is coming from a person who always paid the minimum because I was mindlessly buying stuff that I didn’t need. In 2008 when I realized that consumers are getting played, I stopped mindlessly over consuming. Yes, it was hard to change old habits. Now I NEVER EVER spend more than I can pay in full when the credit card bill comes. 99.9% of my purchases are needs. I buy most things on a credit card to get cash back. So I feel like I’m beating them at their own game. They wouldn’t give points and cash back if it wasn’t making them money. My only other bill is my cell bill. I’ve saved more money than I ever in my entire life and I’m never stressed about money. It feels GREAT!
Super I am so proud of smart thinking people, I had never paid one penny of interest in my life using credit card all the time, it is so convenient and you save money paying your statement balance in full almost a month after transaction
I'm sixty seven and retired two years now. I have had the same type of life everyone has had - or most have had. Good and bad stuff happened and I persevered and got through it. I have always, when I can anyhow - and not going through a divorce while working a crappy job that I stayed in for too long, lived below my means. Not just within them, but below them. I don't even think about money anymore. I still live very comfortably and that is due to my always being good with money. I have, barring a catastrophe, literally enough to maintain my lifestyle until I'm 115, and trust me, I won't see EIGHTY. I live on social security and only one thousand from my retirement accounts, and I even have extra money left over each month that I put into a money market. It is so peaceful to have NO money worries, and it's all due to living sensibly - and I'm no smarter than anyone reading this. It's all about needs versus wants. Too many people are obsessed with shopping. LOL.
Yes! That's exactly what needs to be taught in school. Fund your lifestyle and get out of debt as much as possible. Knowing how the system is set up it is designed to educate wage slaves and keep you in debt. We have to change ourselves. Educate ourselves and get aware of it all. They don't only rob your money but also your time and energy to the point we get sick.
When I was a kid, I remember hearing a Led Zeppelin song called, “Nobody’s Fault But Mine”. Writing songs (for a lifetime of joy) costs the price of one acoustic guitar…no electricity and no other equipment is necessary. If stress exists, bring me a bucket full of it and place it at my feet, so I can lift it and see for myself how heavy it is. Peace. 🐰🎸🎶✌️
Love this. I grew up in the 80s, so I feel like I was born into consumerism and straight up brain washed. TV shows went from What's Happening and All in the Family to Different Strokes and Silver Spoons (everybody was "movin' on up" on tv). Cartoons were created to sell products, and advertising taught kids how to nag their parents into buying them. I had to deprogram myself, and as a recovering alcoholic, I'd say that consumption was like an addiction. Fast fashion, electronics, junk food, $8 lattes, hair dyes and products, makeup, & eating out kept me in the cycle, and it was tough giving all of that up (there is social pressure that goes along with it), but when you step back, you start to see the insanity of it all. We're not just consumers, we are people. I'm just trying to purchase necessities at this point, and still trying to figure out how to consume less and live a more sustainable life. Love your videos: you give us a lot to think about.
So glad that I started to listen to Dave Ramsey when. I was 18 and kept reading financial books . I just got approved for 35 k loan but I’m not falling for it at all . I thought about the nice luxury car I could be driven in but I’m delaying gratification because I know it will be worth it later .
I remember a couple of years ago when the C8 Corvette came out people were complaining about dealer markups. Some guys said it wasn't fair for dealers to charge such a markup. I posted saying that no one was forcing anyone to pay the markup and that people were willingly being foolish if they did so. Some dudes pushed back saying that people needed cars. I reminded them we were talking about a 70 plus thousand dollar toy not a dependable daily driver to get to work and school. People burden themselves with such stupid things all the time and then blame corporate greed for their problems. Yeah, there is plenty to blame greedy business for but when you have the option to get what you need at a price you can afford and you choose to add thousands to the price when you didn't have to then that's your own greed not theirs.
Definitely worth looking at contracts when they renew. Spent 30 minutes changing up the services on my phone and insurance: 600 bucks a year cheaper, and the services fit my lifestyle better. Good use of time, I think.
Services. Subscriptions, tuition, insurance rates. Not things or “luxury goods” but nebulous fees and other services that are costing us what they didn’t in the past.
Very true, I agree people do overspend on cars 🚗, homes 🏡 and more if they have kids and if they get married. I myself choose not to do any of those things, but instead buy a used car with cash and stay away from credit cards 💳. It’s not easy as apartments have become expensive and foods have become expensive, which are basic necessities, along with toilet paper, cleaning supplies etc. if someone is following the rules and still can’t afford the basics then they have to get a better job or move into a smaller house
Agreed Timothy, sometimes think I need a 3rd career just for Amazon purchases! lol. But I justify a fine line between want and need. For example just bought a retro turntable and am absolutely loving seeing my teen son enjoying records! To me, that has real value! Happy New Year my good man!
I was there. I was guilty of over consuming. I’m a car nut, I’ve had 31 cars since the mid 90’s. I curbed that habit, I stopped buying Audi and went to VW. As for other purchases, I still catch myself wanting to buy things I do not need. Not every time but I love clothes and sometimes I still say to myself “do you need this?”. Nope, not at all. It was a process for me but wow did I notice a difference in my finances when I pulled back on “treating” myself and really made an effort at stopping the unnecessary purchases. Another thing I noticed is Americans have gotten used to a high standard of living. We work out butts off and feel we deserve nice things. Once in a while having something nice is ok but you don’t need stainless steel appliances, granite counters, the premium edition vehicle, etc. What you need is more in savings, an investment portfolio (no matter how small or big) and common sense. That extra $100 a month because you splurged on the luxury sport model adds up quick. That’s $1200 a year you can put into a Schwab or Robinhood account.
For about 2 years I focused to almost the extreme on paying off debts to the point I neglected taking care of myself. Talking Not going to optometrist/Dentist/dr office, repairs around the house etc. Stupid part is had I handled those issues as they arouse I’d have been much healthier while paying off debt and it would only slowed down the goal by a couple months. Learned my lesson haha
I did a final thing for me a redid a personal loan to pay off my only credit card and borrowed enough to get everyone a little something for Christmas. But I am saving $40 a month and I know it will be paid off in 4 years. I vowed no more credit cards. And gonna try to put a little something back so I can get things fixed around my home. I was blessed this Christmas with a lot of things but I am not going to take advantage of it. I need to buckle down and get things done around here. God bless you all and please be safe
I grew up in a poor household with not much money. 20 years ago I bought a small house (in the UK) an unfashionable inner city area because it’s what I could afford. Over time I got promoted and my salary steadily improved BUT I stayed put and concentrated on overpaying that mortgage to pay the house off so I owned it. I could’ve traded up to a much nicer bigger house but It would’ve meant £100’000’s of additional debt that I just didn’t want. Because of my upbringing I always plan for the worst. If you can, avoid buying on credit (I know it’s not always possible for some). It is difficult to resist because of being bombarded constantly by “marketing messages”. Some sound advice from you here Tim.
I went to a garage sale today and this video made me look at it differently. Now I think it’s a monument to excess😂. At one time all theses items they were selling for pennies on the dollar they believed they couldn’t live without
Before marrying make sure your future spouse can save money 💰
For real. I'm 50 and single and looking to get out of the trap, not have someone help me get back into it because they got to have marble or granite countertops and home remodels every few years. I don't think it's a risk I care to take. I prefer peace and simplicity.
Best not to marry. Biggest debt a man will ever have.
I once saw a comment from a very financially savvy guy and he said that one of the most important financial decisions you can make is the person that you choose to marry or spend your life with.
Fortunately my wife is like Ghandi in terms of buying things and has no interest in finances or money.
True. Unfortunately me and my husband are total opposite. He is very wasteful and spends like there is no tomorrow. I for one keep looking for ways to stretch our money and not spend on stuff that we don’t need. It’s a challenge and I learned I can’t change him.
@@Opm0316 Sorry to say but I don't think that your husband is much of a partner if he is doing this sort of thing and obviously worrying you about financial issues in the process.
Building wealth and security, for most, takes time, effort and a joint approach to it all.
Being old and broke isn't a good outcome.
I'm technically "poor" but live within my means... I don't owe money, I don't use credit cards, I drive a low mileage older Camry (boring but reliable) I wait till I've saved up for stuff... I bought modest bit of land and am building a small home without borrowing money thanks to my discipline with money... and I'm caring for a disabled son by myself so I'm actually poor by government definition but I'm rich by my definition ❤❤ I've taught myself many skills in order to save money being self-sufficient... I've lived in an old caravan while building. .. I've been willing to make many Sacrifices but I'm debt free 🙌
Amazing! You are an inspiration!
Congratulations - it is the way of smart living, I am the same kind and living happy & free!
How are you “poor” but buying land cash and building a house cash while taking care of a child?
Same here
I try to preach this to so many people but people don't want to listen.. my house is bought and paid for and my land my cars are paid for I have zero debt.. everybody wants a big house big cars boats and jet skis five kids and then cry that they're broke well my God I wonder why..
I love parks and trails. It amazes me how empty parks are while everyone else is out there rushing around to go shopping and spend what they made as they trade 5 days for 2.
Seriously
You're absolutely right! I started living out of my car the last few months and I also started working for myself this year. More opportunities to go to parks and I live near a national park. During the week there is hardly anybody there because everyone is just working. I love the flexibility because I can experience the outdoors way more rather than being in a cubicle farm all day long.
@walking_introvert Great username! 👍
in my city we have some lovely public trails by the river, great free activity.
@@agentm83 Same here. Miles of trails that cross over creeks, go through woodlands and prairies. Walking out in nature does so much good for one's mood. Exercise, sunshine, fresh air... What's not to like? 🙂
I live below my means and always have, no matter how high or low my income is, and I love it that way
well said! same here.. 👍👍
@@razzikatta Do you rent a room or have roommates ?
Never indentured. You are your own boss when you have NO debt.
@@Miriam-ui5pw I used to rent when it was affordable but now I just rent a room or travel staying in my car
@@razzikatta Smart! I'm going to end up needing roommates. I recently moved to the Chicago area. Rents prices are crazy high! I'm hoping I can find a safe, clean, quiet, affordable room to rent as a woman.
Love the video, Tim! I’m a single mom of 2 and my 17 year old daughter and I have planned out our entire 2025 budget. I’m canceling my Amazon prime, found cheaper car insurance($40 instead of $75) , etc. We’re trying to be more accountable with our money this year.
We? U and your daughter? Yikes. Let her be a kid.
She actually has FUN planning stuff like this 😅 and it will serve her well when she goes off to college next fall. Part of the reason we’re saving is so that I can take her on a graduation/18th birthday trip in May.
Chasing happiness can bring you misery especially through consumerism. Fight club quote "The things you own end up owning you".
Exactly!
I've had to learn this the hard way. Starting January I'm doing the #nobuyyear challenge.
There are 2 things you can't buy
Your health and happiness
I moved furniture for 10 years. People have soooo much stuff that they don't need just piled up in the garage
I been moving since 2014 bro people be hoarders
What a burden
I have found that moving helps me keep my posessions light. I always think (1)where will i keep this? (2) do I want to move this in a couple years? No? I don't buy it
@@razzikattaAnd, when they die, the kids have to get rid of it all.
Ahaahahhaaha ye
unfortunately. we were taught to over consume here in america. i'm glad that I have a minimalist mindset now. it's so liberating.
I’m learning a minimalist mindset.
Yes. Holidays are all about spending. Spend spend spend
It is someone business to teach you to spent ASAP but got your mind and should have a common sense for not coming some smart ass slave!
@@Opm0316 And there are endless holidays
When one ends another is just beginning.
There is a reason for that.
@@NaturalBornQuiller 🎯
Call me Scrooge but I get so much pleasure from having so little material, yet my bank account full! The greatest luxury of all: peace of mind.
Exactly!
You are not a Scrooge - you know how to live free - you are Smart!
Ive always lived below my means, but for the last 13 years the lady I've been with always spending and never think twice. Im to the point i just wanna move on for several reasons, but i now realize i cant go far financially if whoever you're with doesnt have financially stability or understanding of saving money. Thank you for this i really needed this.
Get out!
Man, I wish I would’ve been taught this before I was out on my own, no safety net, 18 years old, new city for school… and so excited to get my first credit card and to buy things I’d never had access to or money for when I was growing up… and not at all thinking about how much of my future life and income I was trading away for things I definitely have mostly forgotten about and/or gotten rid of by now. Thankfully I’m finally knowing better these days… but man, it’s amazing the debt a person can accumulate in 15 years of having little financial forethought, discipline, or understanding 🤦♀️ this is the kind of stuff we should be learning in high school-I was so unprepared, and by the time I came to understand the trap, I’d already fallen into it headfirst
4 basic necessities:
Good quality food
Fresh water
Shelter
Knowledge/education
I would add: phone, utilities, transportation
X
Really 5 and the first is GOD
What about oxygen & sex?
Suitable clothing
There has never been a good time to live above your means. Living within your means brings you happiness and peace of mind.
Not in the U.S. it doesnt
Financial responsibility is one of the most important skills you can learn. You are responsible for what you buy and what you spend.
Facts! I'm still driving my 2008 Jeep Compass. I work with colleagues that's has car payments over $700. I feel like I'm a winner!!
My husband has always stressed the importance of living below your means. It was a hard adjustment for me because I was not as financially disciplined as him. Well, 13 years later I am so THANKFUL he was unmoving from this rule. The tears and the fits did not phase him one bit lol. The first 2 years were hard but once I saw that we could still live comfortably BELOW our means and I wasn’t going to die 😂 if I didn’t get something new every month, I got on board. Being financially responsible is a flex!
Financial responsibility is a flex!!!!!
Peace of mind - priceless!
I live in a cargo trailer because I slowly got so much credit card debt from a business venture and being laid off and of course living beyond my means a bit, feeling like like needed to be somewhat enjoyable to be worth living. Working very hard now to become debt free. Never again.
Tkanks God and congratulations!
Yes, never again. I completely understand.
Very well said Tim! The more money you owe, the more work you have to do! That’s why I am a cheapskate. I hate paying bills!!! So I’ve adopted the motto, if I can’t have it for free, then I’ll have it for cheap. God bless!!!!
That’s a great motto!
Have you read the book the cheapskate?
I got a lot better at living within my means when I learned to gamify it. When things got tight and I swore I wouldn't go deeper into credit card debt I started playing games with myself. I'd round up everything to the next $5 at the grocery store and put the cash in a cigar box that I would get out and count frequently to feel better. Anytime I would talk myself out of buying something like a Starbucks or a pair of shoes or something I would transfer the money I would have spent to a savings account. It didn't take very long before we had enough money to be able to start handling emergencies with panicking and needing to max out a card or get a small loan. It was absolutely life changing.
, the background, you walking, the trees...nature is so gorgeous!!! Now let me listen!
🏞️I second this, though I’m listening to what he’s saying as well, the background, scenery, sounds even. Are enchantingly peaceful. 🍂🌲🍁🌳🍂
The average car payment is over 700 dollars at this point, which is insane.
That's insane!
Can’t see myself doing that.
I refuse to get into that trap. That new vehicle DE-APPRECIATED 20% the minute it's driven off the lot! Talk about stupidity!
The masses won't stop on their own they are going to half to be forced to and that TIME is just around the corner.
@debbiesittard7653 I say the minute you sign the papers! Damn shame
Gotta fill the void from the lack of relationships. I remember when families got together and kids played on the Street or in the woods. We have all become jealous and full of envy. It's not about work, it's about keeping up so you look fine.
This!! I feel like shopping is my only outlet. I’ve always been a fashion girly but sometimes I shop because I’m trying to fill the emptiness I feel from having no friends, relationship and being an only child my whole life
@tiabroughton2136 yea, if you watch people after a divorce or a birthday that's depressing, you can see this trigger. We're all guilty I bought a new Harley once 😂
@@andyholder6039 😹👏🏾🤣🤣
Why is everybody not living an own life but trying to keep up with others - it's laughable!!!
@@JaninaKozera-rm2nd it's called peer pressure. It's easy to chase it, I've been there. It's a lesson you gotta learn on your own. I wouldn't stop any one from doing what makes them happy, just doesn't work for me.
Decades ago we cut cable tv.....and for years I have taken instant coffee in a flask. Good luck to us all ✨😊✨.
You are a very sensible person Tim and I shudder to think that you might have missed your calling by not starting your Yt Channel. Thanks for taking the chance because you're really helping people while some channels are just drama and foolishness causing more problems. 💫✨🙏🏽
Thank you! 🙏🏾 👍🏾🙂
I think the instant gratification mindset of Society has now has thrown living within our means out the door. A lot of people don't have the patience to save up money and enjoy it later. They are too busy spending money and worry about the consequences later. Craziness! Take care Tim 💕
Great video Tim, as always. You're 100% right. For me, the real joys of life are cheap or free. Walks in nature, sunsets, laughter, the adrenaline rush from exercise. I've been living simply since I was a teenager and had an absolute blast! I rent a simple room, cook my own meals and use financial assets to boost income. The corporate powers want us in debt and stressed, we all have to fight for our liberty!
My parents were young adults during the Great Depression. They used to snort at the old advertising slogans that said, "You owe it to yourself."
Yes, and I noticed some black Friday emails telling me to "treat yourself" or "you deserve it." So manipulative.
Tim. My guy. Your absolutely 100% correct.
Hi Timothy!! 👋 This is the 1st time I've been to your channel & after watching 2 videos I subscribed.
I'm 47 and on SSI after having a massive stroke in Aug 2013. Yup I was 36, and woke up being bed-bound from the stroke & lucky to be alive. It took m.j e 2.25 years in rehab, but was discharged 12/16/2015. From that day on I learned to live within my limited income, and tok bgg e frugal as much as possible. I haven't had new clothes, furniture, etc in a long time. Until this past June when I needed to get a new smartphone cos my old one wouldn't update anymore (had it since 2018), but I got used (refurbished) for $128. However, I had set money aside from SSI each month for it for months beforehand cos I knew I'd need to get a phone soon. I hope to use this phone fir as long as possible like my old one. (Still in use as my backup phone with TextNow app since it uses my WiFi.) Anyways, I basically live by the motto: Reduce, Reuse, Re-Purpose, and Recycle.
This is a great topic and a great video 💯👍🏿👍🏿. Me personally, when I realized that I was part of the problem, I knew I had to make a drastic change in my life. So I moved off-grid and downsized heavily. Now I live the lifestyle of a minimalist; peacefully!
Haven’t even listened to it yet, but based on the title, I already know I’m going to dig this video. Preach, brother, preach!
Yes - preach Brother, so many people need your good advice!
A lot of people are gonna get burned that are not living in their means.
Sadly, I think you are right.
I put in raised beds for a garden and I’m learning how to can food. I also go to thrift stores for clothes, kitchen supplies and I love garage and yard sales!
This year I'm learning not to blow my money away on Dunkin drinks. I had a struggle with that but I'm gonna do better for 2025.
I’m working in cutting back on my coffees too. Good luck in 2025!
That is great awareness on your end to even realize that. Most people spend and don't know where their money is going...
Even purchasing a keurig machine may help to decrease buying coffee on the road!
@@TimothyWardI try to make mine at home more often
Everyone says 'Time = Money'. But then realizing 'Money = Time' changes a lot.
Reckless spending really does enslave you. 💯 Save what you can, and experience more freedom.
Always motivated by your teachings and insights looking forward to the new year for more, happy new year 💐
Hi Tim. I have been living below my means for many, many years. That's why I was able to retire early, pay cash for my van and travel to places that I have always wanted to visit. Hope you have a joyous and blessed new year.
Thank you! I hope you have an amazing 2025 too!
Hey Timothy, in 2019, I paid off over a $100k consumer debt using the Dave Ramsey Total Money Makeover. It took 2 years. Still consumer debt free but have a mortgage only. Praise God. I recommend program.
Congratulations on paying off $100k in debt! I am just starting off and have to pay off $100k as well. One thing I know for sure, I’ll never let this happen again, ever!!! Again, congrats for getting out of debt.
I've always lived within my means. If I don't have the money to pay for it I do NOT get it.
And you never looked for someone to give you essentials because you have your human, God"s given dignity!
Oh Lord.
Our consumerist culture has been coming apart at the seams for a long time. It is now, however, accelerating.
New subscriber. Great video. Keep your eyes on the middle of February.
"Dying with debt" - what a phrase! I daily think about my future and especially what I will leave behind on planet Earth as an impact whether it is social, community, family, or financially related. I know as I age I will be a minimalist and more of a philanthropist (because I cannot take it all with me!) I already am a humanitarian💙.
Went from living in my car to having more than I could ever spend by not getting caught up in consumption.
Q
Everything in moderation
It is OK to enjoy 😉 the fruits of your labor
Eat healthy delicious food
Sleep 😴 in good quality comfortable sheets and comforter
Wear nice clothes and good shoes
Smell good
Q
How tf did u getta job
@@lilchef2930 military
@ interestingggg that’s a lot of work tho ain’t it
@ for 27 years from 17 to 44 and then retired.
Right on time with this message, Tim. Better to not over spend and be constantly aware of want purchases(over consuming) . Peace and blessings.
One of the issues is inflation. For some people, they might spend the bare minimum housing gas food etc and it’s still eating up a large chunk of their paycheck. Plus TAXES
yes! i agree. it's hard when your paycheck doesn't cover the cost of living. so unfortunately people have to get a credit card...just to buy food + gas. the basics. 🙃
I don't even think that the term afford is relevant anymore because someone can say they can afford their rent but at the same time they'll never be able to save a penny or have anything to retire
Also let's not forget about expenses that people disregard... Deliveries subscriptions salon visits etc
@@the.h.i.g.h.priestess But a credit card means that you're also adding a high interest component to your costs so how will that work in the longer term?
Surely if you can't afford to live without a credit card you can afford it even less with one?
@@oldbloke204 it's so ridiculous. i have been trying to pay off my credit card for years now. interest is outrageous. it's been hard times so it's been hard to get out of the vicious cycle. 🙃 pay off a little...then get slapped with interest. then repeat. one day i wish to never to own a credit card. but when you barley make ends meet, food + gas, meet my credit card. 🙃😭
Tim pls don't accidentally delete this archive, i love the live streams but really love these shorter solo vids & don't have time to watch the whole video right now
I won’t delete this one 😂👍🏾
I don't need a car but, i do need a rain suit .
I have a 60% rule, All my monthly bills and needs can't cost more then 60% of my monthly earning .
While being 100% debt free.
That comment you made recently about giving grace, even when you know it will not be returned really stuck with me. I had a chance to use that advice today. And I feel a lot lighter and more at peace. Thank you for that one!🙏
I’m so glad you found that helpful!
I watched some of your videos and I just wanted to say that I love your messages and I love the park/ landscape in the background. It looks really nice, regardless of the season 😌
I adopted the 50 / 30 / 20 budget. Three simple categories, needs, wants, and savings. I prioritize the savings first, and do everything I can to limit the needs and wants within their budget categories. When successful i always have a little left over between paychecks.
The 50/30/20 rule sounds great, but you’re still blowing away 30% of your income on unnecessary things. I would save a lot more than 20% if I could limit my needs to 50% with today’s prices. Probably impossible to get wants down to 0%, but 10% to 15% is when you can start padding yourself on the back not 30%. 😂
Amen. Probably preaching to the choir. But I like the affirmation of these videos
I learned a lot from fishing. When I first started for steelhead I bought *EVERYTHING* under the sun to try and catch 2-3 fish a season. Old guy saw me at the sports shop one day and laughed said, 'Lures catch a lot more anglers than they do fish, use this and nothing else'. Been using those same 3 lures for the last 2 years. Catch just as many fish.
Live the best of both worlds. maximize your enjoyment/ consumption of the hedonistic treadmill that you enjoy the most, and minimize the rest.
I get a lot of fun out of video games, and researching stocks watching movies and tv shows, listening to music, reading books. That is what I sink a lot of time and money into.
As for the rest of life's "stuff", I keep to high quality, low maintenance and only buy when i lack something, and only add more when necessary.
A lot of us are a paycheck away from being homeless.
Thanks, Tim. Recently, I've been trying to drill down what part I have to play in the events that happen in my life; rather than pointing the finger at someone else and thinking that pin pointing who is responsible solves the underlying issue. I think this post was a gentle nudge in getting us to reassess what what we're doing and course correct, if needed. Thanks again
Great topic. Consumerism in America is out of control.
I know someone who is an older person and everything that they see online seemingly convenient but cheap, they're ordering it tomorrow. So many boxes. I try to tell them buy things higher quality because of course its chinese junk and they'll be buyinf another one soon.
I do myself have a habit of seeing good products on sale but doing my best to keep in mind, the less I have, the more freedom I have access to. May 2025, I mature to live below my means.
You're ahead of the game Tim. Wanting less reduces Consumerism, Capitalism and Corporationism. Connection is what brings Happiness, not stuff. As you've said before, the more you own, the more you're owned. The Simple Life is the Happy Life. As per the vid, just go for a walk in Nature and connect with people!
Probably your best video. Good points 👏🏾
I saw the title and only had this thought, people who use social media like tiktok, instagram, facebook, are always in a state of comparing themselves to what they see online. That's why people live beyond their means, to one up each other.
I agree! There’s never been a time in history where it was so easy to compare ourselves to others.
Yep
Very true!
It is less important to make lots of money than it is to be able to save some of what you earn.
about 20 yrs ago i cut the cable tv out was 50 a month and just kept internet. I have driven used cars also. and make coffee at home etc it will add up over time it is difficult to cut out things but once you do it will add up quickly... have worked and never went out on the weekends to bars etc i looked at it as throwing money away... instead i learned all i could about investing while working. I have bought things i need like tools from yard sales etc. never pay retail if u can help it. also wait til you find what you need within your budget. dont over pay for something cause you think you need it right now.. learn how to fix things yourself will save you that 150hr charge... swap your skill set with someone else skillset to save money...
Even better than living within your means is living slightly below your means. You can save and actually feel secure.
Timothy i have only come across your videos they are absolutely brilliant
Love from the UK 🇬🇧 ❤❤
Thank you, Tim for this video. I at one time thought I needed to have things that were really wants and not needs. I think that's the first step is to realize what you need. As you said, food, clothing, shelter are needs. It's a vicious cycle to try to break but everyone is able to break out from debt. It takes some hard work and sacrifices but it is so satisfying. It may take 2 to 5 years for some people but it's a goal that is achievable. God bless you and keep you healthy and safe!
I drive a 14 year old car. Starting cutting back on spending during the pandemic. I have always made my own food to take for lunch.
Our means aren't even enough anymore
I wish people would understand this... living within anyone's means is impossible
You can live within your means on any budget...
@deanvoss7098 Survive sure, but I hardly call it living
@@MX-COMy job gives us free shoes. I will wear a pair of shoes until they turn to dust.
Thank you for this video and your wisdom. This is the message that we all need to embrace. We can live simply and live well.
Quick note. I was looking at a camera that I wanted to buy. The thing is that I already have a great camera.
Great topic. I am in full agreement on this. It is such a consuming and materialistic world today. INSANELY MATERIALISTIC!! I watch very close people to us just but and buy and buy toys/stuff that they go into debt doing it and they are so nonchalant about it. It’s scary stuff. When we get together, all I hear is envious talk. Like a competition for them. A pathetic and meaningless competition.
Not only are we spending money we have, we're spending money we don't have. That's the trap.
And here we need to use our common sense and discipline, it is not easy but possible!
part of it is our beliefs that new is always better and beneficial.this pushes us to consume more and more
Thanks Tim! Great follow up on a topic that you could discuss over two or three videos. I pay attention to things like that because I’m starting a channel soon. I was one that commented on your last video about businesses/capitalism isn’t at fault; we as consumers are!!! This is coming from a person who always paid the minimum because I was mindlessly buying stuff that I didn’t need. In 2008 when I realized that consumers are getting played, I stopped mindlessly over consuming. Yes, it was hard to change old habits. Now I NEVER EVER spend more than I can pay in full when the credit card bill comes. 99.9% of my purchases are needs. I buy most things on a credit card to get cash back. So I feel like I’m beating them at their own game. They wouldn’t give points and cash back if it wasn’t making them money. My only other bill is my cell bill. I’ve saved more money than I ever in my entire life and I’m never stressed about money. It feels GREAT!
Awesome! Beat them at their own game! And I appreciate you commenting on my last video. I definitely gave me something to think about.
Super I am so proud of smart thinking people, I had never paid one penny of interest in my life using credit card all the time, it is so convenient and you save money paying your statement balance in full almost a month after transaction
tuned in tim .......... ! out of the box thinking , yes it is us, not the cooperation.................................... !
I'm sixty seven and retired two years now. I have had the same type of life everyone has had - or most have had. Good and bad stuff happened and I persevered and got through it. I have always, when I can anyhow - and not going through a divorce while working a crappy job that I stayed in for too long, lived below my means. Not just within them, but below them. I don't even think about money anymore. I still live very comfortably and that is due to my always being good with money. I have, barring a catastrophe, literally enough to maintain my lifestyle until I'm 115, and trust me, I won't see EIGHTY. I live on social security and only one thousand from my retirement accounts, and I even have extra money left over each month that I put into a money market. It is so peaceful to have NO money worries, and it's all due to living sensibly - and I'm no smarter than anyone reading this. It's all about needs versus wants. Too many people are obsessed with shopping. LOL.
Hey! Haven't watched you in a couples years and just found your channel again! Good to see you around 😊
Yes! That's exactly what needs to be taught in school. Fund your lifestyle and get out of debt as much as possible. Knowing how the system is set up it is designed to educate wage slaves and keep you in debt. We have to change ourselves. Educate ourselves and get aware of it all. They don't only rob your money but also your time and energy to the point we get sick.
I have stopped using my credit cards with the goal of being debt free by 2026.
Or use only one strictly within your means and pay on time,but if you can't control it ,then keep them credit cards away !. Blessings 🙏!.
@yardchesternook2834 Yessssss!!! Thank you!
Good luck!
Been living below my means my whole life. Now my means are there and the lifestyle hasn't changed-keep it simple.
When I was a kid, I remember hearing a Led Zeppelin song called, “Nobody’s Fault But Mine”.
Writing songs (for a lifetime of joy) costs the price of one acoustic guitar…no electricity and no other equipment is necessary.
If stress exists, bring me a bucket full of it and place it at my feet, so I can lift it and see for myself how heavy it is.
Peace. 🐰🎸🎶✌️
Love this. I grew up in the 80s, so I feel like I was born into consumerism and straight up brain washed. TV shows went from What's Happening and All in the Family to Different Strokes and Silver Spoons (everybody was "movin' on up" on tv). Cartoons were created to sell products, and advertising taught kids how to nag their parents into buying them. I had to deprogram myself, and as a recovering alcoholic, I'd say that consumption was like an addiction. Fast fashion, electronics, junk food, $8 lattes, hair dyes and products, makeup, & eating out kept me in the cycle, and it was tough giving all of that up (there is social pressure that goes along with it), but when you step back, you start to see the insanity of it all. We're not just consumers, we are people. I'm just trying to purchase necessities at this point, and still trying to figure out how to consume less and live a more sustainable life. Love your videos: you give us a lot to think about.
So glad that I started to listen to Dave Ramsey when. I was 18 and kept reading financial books . I just got approved for 35 k loan but I’m not falling for it at all . I thought about the nice luxury car I could be driven in but I’m delaying gratification because I know it will be worth it later .
I remember a couple of years ago when the C8 Corvette came out people were complaining about dealer markups. Some guys said it wasn't fair for dealers to charge such a markup. I posted saying that no one was forcing anyone to pay the markup and that people were willingly being foolish if they did so. Some dudes pushed back saying that people needed cars. I reminded them we were talking about a 70 plus thousand dollar toy not a dependable daily driver to get to work and school. People burden themselves with such stupid things all the time and then blame corporate greed for their problems. Yeah, there is plenty to blame greedy business for but when you have the option to get what you need at a price you can afford and you choose to add thousands to the price when you didn't have to then that's your own greed not theirs.
Very good discussion! I appreciated this! thank you Tim!
Definitely worth looking at contracts when they renew. Spent 30 minutes changing up the services on my phone and insurance: 600 bucks a year cheaper, and the services fit my lifestyle better. Good use of time, I think.
Services. Subscriptions, tuition, insurance rates. Not things or “luxury goods” but nebulous fees and other services that are costing us what they didn’t in the past.
Very true, I agree people do overspend on cars 🚗, homes 🏡 and more if they have kids and if they get married. I myself choose not to do any of those things, but instead buy a used car with cash and stay away from credit cards 💳. It’s not easy as apartments have become expensive and foods have become expensive, which are basic necessities, along with toilet paper, cleaning supplies etc. if someone is following the rules and still can’t afford the basics then they have to get a better job or move into a smaller house
Save your money.
Spend as little as possible.
Thank you Timothy
May God continue protecting you ❤❤
Agreed Timothy, sometimes think I need a 3rd career just for Amazon purchases! lol. But I justify a fine line between want and need. For example just bought a retro turntable and am absolutely loving seeing my teen son enjoying records! To me, that has real value! Happy New Year my good man!
I was there. I was guilty of over consuming. I’m a car nut, I’ve had 31 cars since the mid 90’s. I curbed that habit, I stopped buying Audi and went to VW. As for other purchases, I still catch myself wanting to buy things I do not need. Not every time but I love clothes and sometimes I still say to myself “do you need this?”. Nope, not at all. It was a process for me but wow did I notice a difference in my finances when I pulled back on “treating” myself and really made an effort at stopping the unnecessary purchases. Another thing I noticed is Americans have gotten used to a high standard of living. We work out butts off and feel we deserve nice things. Once in a while having something nice is ok but you don’t need stainless steel appliances, granite counters, the premium edition vehicle, etc. What you need is more in savings, an investment portfolio (no matter how small or big) and common sense. That extra $100 a month because you splurged on the luxury sport model adds up quick. That’s $1200 a year you can put into a Schwab or Robinhood account.
For about 2 years I focused to almost the extreme on paying off debts to the point I neglected taking care of myself. Talking Not going to optometrist/Dentist/dr office, repairs around the house etc. Stupid part is had I handled those issues as they arouse I’d have been much healthier while paying off debt and it would only slowed down the goal by a couple months. Learned my lesson haha
Time and energy are gifted to us we are all born with free will choose wisely sound advice Tim
I drive a 2006 Toyota Camry with 105,000 miles on it. I may never have to buy another car 😂 Debt free living is the way to be. ❤
I agree …..I live below my means
Great video bro 😎! 💯
Now if we could only get the government to listen to what you’re saying.😊😊
I did a final thing for me a redid a personal loan to pay off my only credit card and borrowed enough to get everyone a little something for Christmas. But I am saving $40 a month and I know it will be paid off in 4 years. I vowed no more credit cards. And gonna try to put a little something back so I can get things fixed around my home. I was blessed this Christmas with a lot of things but I am not going to take advantage of it. I need to buckle down and get things done around here. God bless you all and please be safe
I grew up in a poor household with not much money. 20 years ago I bought a small house (in the UK) an unfashionable inner city area because it’s what I could afford. Over time I got promoted and my salary steadily improved BUT I stayed put and concentrated on overpaying that mortgage to pay the house off so I owned it. I could’ve traded up to a much nicer bigger house but It would’ve meant £100’000’s of additional debt that I just didn’t want. Because of my upbringing I always plan for the worst. If you can, avoid buying on credit (I know it’s not always possible for some). It is difficult to resist because of being bombarded constantly by “marketing messages”. Some sound advice from you here Tim.
I went to a garage sale today and this video made me look at it differently. Now I think it’s a monument to excess😂. At one time all theses items they were selling for pennies on the dollar they believed they couldn’t live without
That’s a great point!