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What I DON'T Buy As a Financial Minimalist
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- เผยแพร่เมื่อ 2 มิ.ย. 2022
- 15 Things I Don't Buy As a Financial Minimalist
Society sells us much more than just material possessions, society sells us ideas and beliefs. In this video, I talk about "15 Things I Don't Buy as a Financial Minimalist;" However, when I say buy I am not talking about literal things I don't buy, but figurative things I do not buy.
1. Success means money
Most of our lives we are told that you are successful when you have a lot of money. I do not believe that success is money, success is making the world a better place.
2. You have to be rich to live your dreams
I traveled to 35 countries and paid for it with a job that was paying me $8/hour. You don't need a bunch of money to live your dreams.
3. Money is complicated
Like most things in this world, we have complicated money and allowed it to control our lives. When you are in debt, money becomes more complicated with interest and payments. It is important keep your finances simple.
4. Debt is inevitable
Debt is a cultural concept put in place by the man to control our lives. We do not need debt in our lives, live below your means and don't buy anything you can't afford.
5. I was born broken
Society teaches us from an early age that we are broken and need to be fixed by getting a bunch of material possessions. You were born complete and do not need anything to make you more complete.
6. Enjoyment is expensive
Many people think that they need to spend a lot of money to get enjoyment out of life. The best things in life are free like spending time with nature.
7. Life is boring
8. Millionaires are better than people with $0
9. A life of luxury will make you happy
10. Humans beings are serious
11. I need to be constantly growing
12. 24 hours is 24 hours
13. You have to spend your whole life working
14. We need a lot to live
15. We own the earth
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What does society sell you that you don't buy?
That we should have a million dollars before we retire.
I don't buy that I should do more, be more, want more.
A house bigger than my husband and I need. Congratulations for the recent growth on your channel!
That I should have a car that everybody else wishes they could own.
I don't buy that children need all that stuff the society tell us that they do. I don't buy that I have to get a bigger house in order to raise my children well. I just don't buy it at all.
I am a retired 69 year old man living in Southern California.
I long ago decided that my retirement activities would be near zero costs and be of physical and psychological benefit.
I hike with friends, workout at the gym, borrow books from the library, play piano, and garden. My average monthly cost for these activities is less than $25.
No one needs to spend money to be happy.
@Joseph Lucas Ten dollars at Planet Fitness.here..but I walk 10,000 steps , garden, and use a push mower..not power driven .
@Joseph Lucas I've been a member of L.A. Fitness for 30 years. Cost me $9.00 per month.
love this perspective
My friends and I also live in Southern California and do the same thing ! I just not quite retired yet ! Every outdoor activity is near here and free ( Mount Baldy😀 ) you just need a little gas and a cooler with some food in it
That’s an awesome retirement!
Great video. I have a degree, worked 50 hrs a week, had no time, no energy, was stressed. It took me 20 years to pick up a courage to quit my job. Now i work part-time as a cleaner, no stress, lots of time and energy. Guys, I've never been happier! I am frugal, i buy only necessary things. I dont have a car, i got a bus pass, and i walk everywhere i can. I eat out once a month if any. I cook my meals at home, its cheaper and i know whats going into my food. :))) I dont need expensive holidays, i live near a nature reserve and i walk there with my partner every Sunday to connect with nature. Its free for us as we have local passes. I trully achieved a peace of mind. We dont need much to be happy.
Can we talk about how wasteful Christmas and gifting in general is?! I like the concept of family, spirituality, and gratitude around Christmas, but society at large has made it about "stuff" and I despise that.
Christmas is just money exchange. That’s it.
I was sport in the 80s 70s as a kid and I didn't it to mine for the past 10 yrs I have had no tree no gift exchange and don't even have a Christmas dinner I totally agree I live the total minimum life now the best thing in life is walking cycling outdoors doesn't cost me a penny
My dad is from Europe he is 93 he said that's how it was back then... they all gathered in the Town Square to celebrate being prepared for winter... some small gifts were given mostly to the children usually warm clothes mittens Etc
christmas is pure bussiness money money money
Exactly. My family made the decision to focus on experience and togetherness, instead of gifts or material things to celebrate Christmas. For the past several years we’ve taken a family trip around Christmas time. The memories and experience are way better than getting stuff.
#6 "Nature don't charge anything"
A walk or time in my garden is the best therapy I know.
I agree! Whenever I am feeling stressed or anxious, I always go to nature and it relaxes me so much. It's so powerful!
One trick saved my life years ago, if I really wanted something, I would take a picture of it and look at it for one month. 95% of the time after that month was up I didn’t want it anymore. I talked myself out of. But now, I don’t have to even do that. I just don’t go in a stores Other than for necessities
Brilliant idea. Thanks or sharing.
@@rowan7658 Same here! except food essentials, medicines, consumables -limited household cleaning products.
Haha this is an awesome life hack! Thanks for sharing.
Fantastic idea!! Thanks for sharing ❤
"You don't need to be growing all the time" - this is so relatable.
I agree with you, 100%. You are my new favorite You Tuber
I'm 55 years young, I enjoy nature, music and I'm grateful to be alive and well in this beautiful world.
Peace of mind is what I strive for. It's a luxury in its own self.
I absolutely agree
You are so cute and so smart!!! I am so glad I found your channel! I am sorry for this generation that is growing up in this era of consumerism. I grew up in the 60's and 70's when we didn't buy anything!! No fast food, no Walmart, no designer crap!!! We didn't have a garage full of junk either, only the car lived in the garage!! Houses had small closets because we didn't buy a bunch of clothes that we didn't need!! I had six brothers and sisters and we truly believed that we were rich! (we weren't)
We were happier and less anxious. I literally never heard of anxiety when I was growing up!! Keep making videos and teaching people the true meaning of life..you are awesome!!
Thanks for your kind words, Lucia!
One of the best channels ever. Not too many people that are grounded in the United States like that.
You are absolutely brilliant. Wise beyond your years.
You're a treasure. I enjoy watching your videos with my coffee (free coffee from the office, not from the coffee shop :)
The other thing that we need is great relationships. Spending time with those who are precious to us. Update: having no debt and manging finances well, means that you have the time and energy to focus on that.
What a truly sensible young man you are Austin. Imagine how different the earth and all our lives would be if we didn't believe what "The Man " says. As a 72 year old I say sit back and listen carefully to what Austin is saying..we will all have a more beautiful stress free life if we do. The bonus being you are taking control of your own lives.
He is a very rare guy. He "gets it"..
This first sentence is so adorable 🥰
@@shabbos-goy9407😊😊😊😊😊😊😊😊
You can either experience the pain of discipline or the pain of regret. The choice is yours. - Marcus Aurelius. You sir, have words of enlightenment in a world run by empires of lies. Thank you🙏🏽
Wow, what a fantastic quote by Marcus Aurelius!
Living frugally is wise not cheap👍👍
I have the same philosophy when it comes to success. Because I've been frugal all of my life, I've managed to retire with quite a nice nest egg. But the best part of my life is having the time now to volunteer at a food bank, and I also make meals for the homeless. It's more fulfilling than any job I've ever had or any luxury I ever had.
Wow, I am normal after all, I have no desire to go up the ladder and people look at me like I'm crazy , but I am happy and content and spend time with my family as a mother
I can't tell you how much I love these videos. It's like listening to a preacher and I'm constantly saying "Amen!" I love the passion in your voice too. I can really tell you mean it.
I have stopped doing the Christmas buy everything panic mode. No more appologising for not giving a gift or a card. I would need to be on double my salary to go back to that mad habit. Also I have loved this video and shared it with my brother Carlos who has constantly been told he is broken.
This is a great return to the basics of life. We all have been hustled by advertisers and money lenders. I've woken up a little late, but I'm still glad to be here.
I just got to say, we have a lot in common, so many people can’t believe us but, my lifetime dream has finally come true. I’m in my 50s I raise 10 children successfully. All are out of the house and doing well. I raised them without any government assistance from the age of 40. My oldest is 40 my youngest two are 18 and just graduated tonight. When I was a child I knew 3 things, I was going to have a large family, I loved to travel, and I wanted to live my life for the Lord. For the last 10 years I’ve pursued plans to travel. As I saved, I also planned. I sold my house my business and my van and turn it into a camper. God blessed me so much that my van is really about a 45.000 van. But I paid 26.000 plus 9 to build it out and install solar. I guess my point in all of this is to say, if I can achieve my dreams anyone can. I am far from me of money. I just know how to work and I hate any form of shopping. I love to look for the deals on necessity items and I also get that euphoric feeling of saving like people get when they spend money and take something new home.
Well done with everything, good luck for your future. Congrats on your kids graduating. All the best to you
God has blessed you and may He continue doing so. 🙏 congratulations on it all. 🤗
Love the "debt as a CULTURAL CONSTRUCT"! So true. Borrow money and have Chase, Wells Fargo, Citibank and the like ON YOUR PAYROLL!!
Great video. I agree with 95% of everything you’ve said. I always tell my 3 adult children that all you need in life is “Food in your belly, a roof over your head and clothes on your back! Everything else is optional.” I’m sending them the link to this video. Keep up the great work.
Thanks!
Having kids is very expensive
My grandfather added, sleep between clean sheets and a blanket
Totally true. I agree 100 percent. I am retiring early and I do want to live simple and travel the world in a budget.
I love the fact that you usually start and finish your videos with some Spanish words! As a spanish speaker te doy las gracias por hacerlo! ❤️
Are you Hispanic, Austin?
"I don't buy, that debt is inevitable" - FINALLY, someone said out loud what I think!
Life isn’t boring. “Only boring people are boring.”-Mad Men
My new favorite TH-camr. Speak the truth! Tomorrow isn’t promised.
Wow!! What a great, refreshing take on “what I don’t buy as a minimalist!” I assumed it would be “expensive shampoo, paper products, plastic toothbrushes...” lol I love this- not buying into lies and cultural constructs!
Trying to make different videos, lol! We all know that you shouldn't buy paper towels!
Me: *having a terrible day*
Austin: "everybody 💩"
Me: *spits out my tea* 🤣🙈
It's true though!
🤣
I live quite lean by living with my retired parents and investing over 50% of my income. I used to be the person buying a new cellphone every year and basically trying to keep up with the Joneses. I have learned a lot in the last four years. People just need to learn how to balance their lives to where they are useful and fulfilled.
Wish I would have done all of that when I was Austin's age...buying is a temporary high.
I love your wisdom! Before I answer your question, may I tell you that while lots of people, mostly boys, think farts, pooping, and diarrhea are funny, there are lots of people who don't. What I don't buy is that just because I'm a low income elder, my life should be miserable. I have a rich life full of friends, yummy homemade meals, music, movies and books. Most of my medical bills are covered by Medicare, I live in a nice rent controlled apartment, and drive a low mileage car that's nearly paid off. Life is good!
i ve been strictly "If i can t pay it in CASH, i will not buy it!" all my life. Never ever bought anything on creidt ever. And i no longer follow any fashion and hardly buy any new clothes anymore (except for some underwear and stockings every now and then, and shoes),,,, when i was still working i always bought very good-quality clothing, have been wearing these the last 20 years and i ll use that up the next decades too. .... I only buy now clothes when i gained a lot of weight and need a size i don t have already in my wardrobe.
Clothes used to be made so much better. I have some quality pieces that will last a lifetime. I lost fifteen pounds and can wear everything in my wardrobe....now just have to keep it off..lol If I need something I buy it at an estate sale, or second hand store...except undergarments....wish I would have done better saving when we were younger.
I’m so glad I found this channel.
One thing I do as a financial minimalist - that provides the best return on investment - is read. Reading fiction activates your imagination. Reading non-fiction exposes you to the wisdom of other people. I almost never buy new books. Though used books can be a little more beat up, the content is the same. A $3 used book can give you valuable tools that you will use for the rest of your life. The shame of our culture is that there is so much wisdom in books - but many can't be bothered to read.
You’re my twin! We think the same! The whole 24 hour thing is so true!!! I have always felt that way. 8 hours working is NOT the same as 8 hours on a Saturday not working. Yes!! 🙌🏻🙌🏻🙌🏻🙌🏻
Exactly! Time speeds up when you're not living life on your terms!
You are still working but in a different way
Hi Austin 😊 Today is March 5 2023; Thank you for a great video! I recently started to watch/follow your videos and your content is great. I live in Sweden and I think it’s amazing how so many people from different countries in the world want to be more mindful regarding financial minimalism and to simplify life. Simplifying is different for everybody but just to be aware of it is a great start. Thank you once again for great and different (unique) content!
You are a modern philosopher. Many thanks.
If someone has to convince you that you need something then you dont need IT! Amazing and brilliant !! My brain just froze after you said that. What a point!
It's true! You will know if you truly "need" something!
I heard a young entrepreneur brag that they never went to college and "I could buy and sell these graduate school kids ten times over." Funny, because I wouldn't trade my education for any amount of money. I don't buy that being rich is an inherently more desirable state than being middle class. I feel pretty good about the decisions we've made and I like my life a lot. That's all that really matters.
This channel changed my life , thank you from the bottom of my soul, Austin
You’re so right! My husband insisted that we dance and take trips (and long walks) when we were younger. Now we’re retired and have more time and money, but we’re no longer physically able to do those things. We do other, more sedate stuff, and life is good, but I’m so glad we didn’t miss out on those activities by putting them off!
I will be 25 this year and I managed to "escape" this script. I got a student loan at 19 (not even knowing what that really meant) and went abroad. I am lucky student loans in the UK don´t require you to pay them off when you earn below a certain amount (excluding benefits for disabilities or unemployment). I finished university, but I realized I couldn´t work full-time because I suffer from a severe mental illness. I basically live off benefits and occasional part-time jobs earning less than 400 $ a month. And I still manage to save around 50 to 100$ each month. Sometimes I don´t earn anything and live off disability benefits that are about 200$. Even in my country, most people would not be able to live on that without ending up on the street. But I manage because my mother had the same ilness and we were always so poor we struggled to keep a roof over our head. She taught me how to be frugal (or life taught us to be more precise). I don´t want to be homeless and my health does not allow me to work as it is expected of me, so not buying things is the only option. But I am not unhappy. I believe my greatest hapiness are the times when I am not very sick. Health is more important than money.
I am in my 70s and am still climbing mountains....figuratively that is!
Dear Austin, I was impressed by the thoughts and ideas presented in your previous videos but this one is my personal highlight: clearly "buying" means believing, it's just exactly that and language even tells us so! You've nailed it: it's a simple but very exact thesis of yours, actually an empowering revelation! Thanks for sharing this mind-blowing and life-changing content with everyone. All the very best wishes to you from Germany:)
Thank you Sarah! I appreciate your kind words! And we almost have the same last name!
My thoughts exactly Sarah Williems
Not everyone goes to College, I went into the military and it taught me a lot!
But Austin - learning to be content IS growth. Major growth. 💖
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
*@Gallo-firestone* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
The decision on when to pick an Adviser is a very personal one. I take guidance from “Gertrude Margaret Quinto” to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
Number 11… 😯 I’ve pursued “self improvement” relentlessly. Two university degrees, loads of courses, thousands of pounds a year on therapy! It’s exhausting and expensive and it’s never enough. I’m beginning to think it’s a red herring so when you started saying no. 11 I sat up and listened!! Thank you, Austin 🙏🏼
Incredible insight, Austin! Happy to see folks in my demographic chiming in as well. I feel we are living in a modern day Babylon, and my husband and I decided about 2 yrs. ago to work our way out of it. Challenging yet definitely a more rewarding path! Thank you for the inspiration!
I just love everything you share!
Chief Joseph said "The Earth does NOT belong to us WE belong to the Earth."
I thank God everyday for the simple beauty of nature.!
Thank you for your wisdom. I think your channel is one of the best financial/minimalist ones out there!! Greetings from the UK 🇬🇧
I appreciate your kind words, Gillian!
From Gloucestershire and agree.
From Bristol I agree as well
You are such a blessing to me to me this year! Your videos will help me stop spending unnecessary things and my goal this year is to save more money than the previous years. I probably have to use cash to really cut the spending because swiping the cards just doesn't work for me. We are not in debt but I can do better. You are an angel saving people from stress, depression and other mental or physical illness. I think the stress that people have nowadays is one cause of the illness people have.
It’s so true! I don’t want much but I still work relentlessly in pursuit of a materialistic dream because it’s what I think society should do!!!
This is one of my favorite videos of yours. 100% agree. You are one of my favorite financial TH-camrs. Your life is so relatable unlike the big time guys in this space.
Thanks! I haven't lost myself to the algorithm yet!
I relate to and appreciate your candid realism, thank you!
Thank you Austin .
Love this!
Oh now I understand why you have a Latin touch. Saludos desde México ☺️
Oh my goodness!!! I am so so grateful I found this channel! You have changed my life TODAY! You have voiced what my intuition has not been able to identify…but knew all along 🙏
I so agree with you Austin. I'm very happy that your channel has a lot of sucess, the more people will hear your message, the better for all of us. Thank you. Greatings from Poland.
Yes, I agree with you totally...you’re fantastic. Thank you for your thinking, your being - and sharing your voice.
This is such great, mature and true advice
I was ready to see list of stuff people not buying anymore to save money - I was like - ermm okay .. I am glad that I watched it still. I will share this with my students Austin. We, especially the young ones, need this reminder. Thanks Austin!
all you mentioned is "existential" way of life style, we think we live for ever and we plan for ever because we count ourselves as self-exceptional but any day we can be gone and the entire life planning will be gone no more existing
Thank you for your channel I’m starting to open my eyes the consolidation company my escrow account my bank account and my loans give terrible customer service after you sign the contracts and I am so tired of being their sucker..i’m self-employed and every time my equipment breaks down it cost as much as a car to repair it and I have to keep doing it to keep my house and my nice car etc. and I’m being told this is what it takes to be successful I feel I have no control over my money …I’m going to start making changes today thank you for the inspiration my friend
I did not expect the topics discussed in this video. This is absolutely the exact video I needed to randomly find in my feed today.
Thank you so much for creating it❤️
New subscriber here👏🏽
Glad you enjoyed it! Wanted to approach it in a different light!
Pure wisdom amigo. Thank you.
I too don't buy the focus on constant self-improvement. I'm happy with myself.
Exactly!
glad i ran to you brother, most of what you say i come across before, here and there. now a days i have been questioning things. your videos help me clear some things in my mind will be hanging out on your channel from time to time. thank God
I really enjoyed watching this video. Thank you for sharing.
I love this, thank you
Agreed! Well done! Totally agree with your philosophy.
Great advice, thank you
I love your perspective so much! It’s such a breath of fresh air!
Binge watching your videos on this Friday night. No happy hour or restaurants. Just a drink made by mua and a delicious cooked dinner. Thank you for what you do! I have a son a year younger than you who's always thought as you and I didn't understand it before, but I've finally seen the light. Keep opening people's eyes.
Great video and great message.
Thanks Austin! I love your ideas. You are my favorite You Tuber! 💗
wow u have given new a whole new perspective on life and personal consumtption/finance. thanks :)
Always great advice
Fantastic video!!
Wow so much food for thought. I will get back to this video more than once.
You’re so inspiring Austin
Inspiring, thank for sharing…
Well said!!
Real tak right here 👌🏾💯
I really enjoy your videos. Thank you for the inspiration!
I just came across your channel. Love it. You call a spade a spade. Love your honesty and straight forward your videos are.
Lots of cheer from Australia 🇦🇺
This is great video thank u austin
Your words resonate with me. Thank you for sharing truth worth knowing!
Great video 🎉 .cant miss a second of it 😅
Hello, these are my thoughts as well and I thank you for your honesty and also for your way of thinking.
Sometimes, I feel like an alien in the middle of all the people surrounding myself.
But what you are saying is reflecting my thoughts.
Thank you and keep it up.
Wow, you are just amazing!!! Thank you, thank you!
There is MUCH Wisdom in that which You have to say. Thank You for sharing. Greetings from Ontario, Canada.
This is by far the BEST "Things I Don't Buy Anymore" video out there!! Thank you Austin for packing this video full of Gems and Silliness💙
El Augustin. Thank you for sharing very useful content. You are great. Please keep up the work.
Great message!! I agree ☝🏼
Austin you are so funny! I love your attitude and you're wise beyond your years! Totally agree with everything you have said in this video! Thank you!