I just retired at 66. That is my reward. The peace of it all. I never yearned for vacations,etc. So it was easy. I am now straightening out my small condo. At my pace. I could not take the pressure of work anymore, and I would be horrified to have to work the rest of my life. That is my reward to myself, my gift to myself. Nicole, this is a FANTASTIC video. Well done! BTW, I am not rich.....but balanced and relaxed. One last point....I love your dry humor!
My dad finally retired at 70 and I wish he could have retired earlier. He’s still in good health but it’s so important to enjoy life bc you never know how much you have left. He plays music with his free time and goes to see concerts! My husband and I DO love to travel. So knowing we’d like to travel while we’re young and travel while we’re younger old people that means being intentional about saving and investing for those goals.
I do not think work is all that bad if you enjoy it then stay doing it. My dad is a retired mechanic but still works on the side at his own pace to keep his mind busy. it is boring if you do not do something even if you are retired. I see a lot of women who are retired who just go shopping to kill time that is not my ideal life.
I wish you didn't make that sound like that's an atrocious thing. I idolize Marian Diamond, a brain specialist who worked into her 90's. Not out of financial need. Though I do know that many of our working elderly are working due to financial need.@@tonyp9313
In the words of an elderly finance professor I had, "Many of my students think life is made of money. Life is not made of money, life is made of time" Words frozen in my mind.
My hb and I live on half of our incomes, buy only used cars cash, hate shopping, and feel not deprived whatsoever. One night I lay in bed and totaled up our assets when I realized we're millionaires. Living below your income really works
Yes I loved that advice from older people so we live on my husband’s income and are investing my income (mine fluctuates as a biz owner). I believe we’ll achieve a level of financial independence in 10 years living like this! Not 100% live off investments but at least coasting / work whatever hours and jobs we want… slow down and live peaceful lives.
Minimalism is not self deprivation. To me minimalism is about prioritizing and caring for the things that matter most and being ruthless about the things that don’t matter at all.
@@AccordingtoNicolehi Nicole, I hope your having a nice morning so far. How tall are you if you don’t mind me asking? I’m 5’9” and I appreciate you are a part of the tall ladies club! 😘 ❤🎉❤🎉❤🎉❤
The rich life is having no debt, doing what I love, and helping others. Right now, I am still working toward the first one, but I am closing in on it! It is nice not having a bunch of stuff sitting in my house, collecting dust.
I was online “browsing” this morning and added a bunch of things to my cart. Then I watched this and deleted everything from the cart. Thanks for keeping an old lady on track. ❤
@@tonyp9313yes actually because she reminded me not to spend my hard earned money on crap I don’t need. And that mindset enabled me to retire debt free at 57. Have a wonderful day.
I wouldn't suggest you get rid of your dog, but, I have seen a lot of people with multiple pets that are struggling to make their bills. Owning a pet today is not the same as owning a pet in the 70s and 80s. The vet bills are now the same rip off as human medical treatment. I would never suggest anyone to get rid of a pet What I would suggest is, THINK before you do.
@russgould707 there are definitely things I think about here. I love my dogs more than anything and don't mind going into debt if I need to for them. However, my next dogs won't be dogs that need professional grooming. It's insane how expensive it has gotten. My last dog cost me $55 every couple months. Now it's $180. I've tried doing it myself but she makes it challenging for me and it always looks like crap. I do trim her a bit in-between grooms to extend it out to 3 months instead of 2...so yeah... next dog will be short haired.
Maybe suggestion was not purely money based? Cause if you have to pump poor old animal with meds and do tonns of surgeries then it sounds very cruel to me.
@@michaelxz85 Pets are fine. I don't own them because they are a huge responsibility & they are expensive. Cool to you if you do own 1 though or several.
@@michaelxz85 The amount of money we spent on our dog was massive. But she was a family member. And when you're that close, you do whatever it takes to make them well.
Im 55 and just discovered your channel. Love it. Am embarrassed to say that I lived most of my life being blown by the wind. Doing what others told me I should etc. Am just now waking up! My kids are grown now and I inherited some $ when my parents passed away that is invested nicely. Have already gotten rid of about 50% of the stuff I had accumulated and it feels so good. Thanks for the great advice! Look forward to more wisdom according to Nicole! :)
Top Dog. 😂 My husband and I retired when I was 59, (two years ago). And I’ve always wanted a dog for about 20 years. Unfortunately, I had to put off getting a dog because of work. After all, it seemed to me that having a dog I couldn’t spend much time with would be sad for both us. Finally we got the dog we always wanted, an English bull bitch. She is such a joy to have and care for. Yes, she’s a small fortune but we love her. Retirement is a very big adjustment that seemed foreign to me. I mean we went from full on work to homebodies. There’s no place like home. God bless Nicole, Mary
Actually it's a very good question - what does rich life means to me. I spent several minutes thinking about it, and I have to say, that for me it's just simply not being worried for my future if for example I loose my job, or get sick or disabled. And only having my own house with paid mortgage can solve most of it. Because having a roof above my head that 100% belongs to me means that I most likely won't starve to death - it's always possible to rent someone a room, buy minimum food, survive on minimum wage or social benefits, etc. And also medicine of course. Living in a country with social medicine solves it too. And I don't need fancy clothes or cars to be satisfied with my life. I don't need to be rich, I just need to be safe.
@@AccordingtoNicole A paid off mortgage is a great goal, but not an absolute. You still have to pay property taxes every year, which can be expensive. Also, in many countries you won‘t receive any social benefits if you’re a property owner, so in worst case scenario (job loss, disability), you‘d have to sell your home and use that money before the state would start supporting you
A dog gives love unconditionally. No amount of money can replace that. You are right that it is an honour to care for them in return. They don't live as long as we do. Treasure each day with them.
Absolutely! I can't believe there are some awful comments regarding your baby. I had my loving Cutie since he was a kitten. After 20 years, it was one of the most devastating times in my life when it was time to say goodbye. I don't regret any expenses that I incurred for him regarding giving him the treats, toys, food, and care that he enjoyed and needed. Now I do the same for my mother's little Simi (a Russian blue female cat), whom I now take care of because my mother is getting too old to care for her. It is an honor to care for these pets who make their living by giving you nothing but love.
My cat, Zoe, of 20 and a half years passed away last month. I’ve had her since elementary school! 😭 I estimated she cost $200-300 per month the last year of her life in hospice care (special food, supplements, etc.) and she was worth every penny. The best preventative care for pets (as well as people) is good food + low stress. I fed her grain free kibble usually the wildcaught fish kind until she couldn’t digest kibble and then bought her grain free canned food + bone broth. I feed my dog sensitive tummy Lamb kibble plus dog friendly table scraps. And with our other kitten same thing, grain free salmon kibble (and she also hunts). Hopefully they’ll also live to be 15-20 ish years old! Every moment with them is a blessing 🥰
Your message on minimalism is informative and inspiring. And I am glad you differentiate between minimalism and just being cheap and frugal and depriving yourself. Intentionality is such a great word and reminder to what is truly important. Live your best life!
I earned my first quarter when I was 8. Sweeping out a neighbors garage. I still didn't have enough, so I set up a lemonade/snack stand in the parking lot of the tennis courts across the street from my house. I took the proceeds to the local 5 and dime store to indulge my first splurge. The "Hawaii Five-O" album by The Ventures. That was summer of '69. I LOVED the theme song to that show. I got a guitar for Christmas later that year, but I didn't stick with it. I was happy to see my nephew stick with it though. He makes a living now, playing with a band at local bars and night clubs.
Well said - this video encapsulates why we like Nicole. Being wise and thoughtful with your money and finances does not mean leading a life of deprivation. Most people are simply thoughtless with their money, and so they overconsume things that add little or nothing to what will make them happy. Part of the journey is understanding yourself, so that you can be you.
Nicole, you are a mini me! I’m 61, retired and living sustainably happy because of how I valued money and the things I choose to bring into my life. Many blessings to you!
Scary how similar we are! I been called cheap forever but now I have family members in their 80s and 50s with huge mortgages and they rent/lease cars! And are pretty broke! Spending money you don’t have to buy things you don’t need has always been ridiculous to me! Great Video Nicole 👍🏻👍🏻👍🏻
I can sort of see carrying a mortgage and even a car payment into your elderly death if you are financially able to keep up with the bills, if you don't intend on leaving it to anyone. It's sort of like a long term rental but with the ability to paint the walls grey if you want, and at your demise the house goes to the bank and the car gets repossessed.
I don't think when you retire you should have a mortgage or car payment! And you should have money to purchase another car when needed! @@markbajek2541
A rich life to me means my own house, no debt and not having to go to work every day. I'm not interested in going overseas on holidays or even having a holiday in general. Not having to work is a permanent holiday for me and that would be the best thing. I'm 58 now and I almost thought it was too late, but I'm glad to know it's not. Thanks for the book recommendation, hopefully it will help be sort my finances out so I can become debt free and cashed up by the end of this year.
Hahaha, love your response to the dog. I had my little beast I loved with all my heart. He was so smart. I spent a lot to keep him alive, heart, then kidneys, then liver. He is running the fields of heaven now. He was worth every penny. Now have two beasts. Got them at the dog pound. Still miss my one dog and always will. I am not a minimalist, tired it but to sparse for me. I am minimalist as far as keeping just what I like and buying second hand as much as I can. I love your take on food too. I up ours to more organic and pure whole foods, hardly any processed food. I enjoy cooking and am learning to bake lots of different breads. Peace!
I love your videos! Minimalist, intentional living and living MY rich life. I have a life full of fun and adventure. I am surrounding by people, pets and things that I love in my (paid off) house. With no debt and comfortable savings, I get to make intentional choices.
A rich life to me means health and freedom. Making the most of the health I have, cooking and eating good quality food to maintain that health. A rich life also means that by owning our own home gives us the economic and personal freedom to spend our days as we choose in a stable, safe, comfortable home, to travel now and again and to spend time with those we love. You are a wonderful Mum to Levi❤ (he is seriously cute), he's so fortunate to have you. I am sure you feel the same - you are a family. Glad you ignore the shallow trolls that attempt to force their horrid opinions upon you! Love your content!
I drive a 2004 Toyota Camry, that we bought used from a pastor that my mother-in-law knows. It was rust-free, because they live in a Southern state, which is unheard of in Upstate New York where I live
You're very lucky. Here in Canada you get rust. So a Car isn't going to last forever here. Toyota's are the best cars on the market. That'll last you a very long time. Wow already 20 years. I had a Suzuki car lasting me 18 years before I bought my Toyota Rav 4 in 2021.
I set a sinking fund in my home budget specifically for veterinary care. I had the privilege of being owned by two Siamese cats who lived to 17 and 20, and a Sphinx who lived to 18. The last few years of their lives were outrageously expensive but my sinking fund took care of it. After their deaths I thought I was probably done. The end to the continuous vet bills was a huge relief. Then along came my new girl, a 6 yo Sphinx who was being released by her breeder. Then a litter of Sphinx kittens was born near me so I deposited on a kitten. I was thrilled when I was able to take her home. Two days later the breeder called with news that one of the kitten’s placements fell through and would I like a second? Yes! I am back to having 3 cats again along with the vet bills that come with them. My sinking fund is still a part of my home budget. Animals are a joy and I am happy to care for them. Preparing for their medical expenses in advance will allow me to do that.
Hey Nichole, Yes, I don't go second class on food either!! There's nothing like good food. And levi is great!! He's a better companion that alot of people!!
I just don’t have enough money to meet friends in restaurants but this week I met friends in parks and I provided the food. I’m a very good cook, I get to share the food and spend good times with friends. That is living a rich life for me
I just saw an interview with the former restaurant critic for the New York Times, Pete Wells. He ate out at the best restaurants in New York City almost every night for 10 years. He quit due to poor health (pre-diabetes and very high cholesterol) caused by his job. So, yeah, eating healthy meals at home is cheaper and can be a lifesaver.
Minimalism goes hand-in-hand with anything as long as it's not an overabundance of things, to me a rich life means having money in the bank to cover my mortgage my bills and my food and a few other things. Nothing more nothing less.
I wish more people were as wise as you. I wish I was cause I'm not that rational. Using your brain properly and caring about things that really matter and make you happy is the best strategy.
I have always aimed to live . So while I have not lived an extravagant life, I have had a comfortable, fun and rewarding 64 years. I could retire today if I wanted to, but I love my chosen field and hope to continue doing it for as long as possible.
True, intentional saving and spending. The problem with the ‘work hard and save it all for retirement ‘ idea is that someone can work so hard and so many hours that it affects their health, and also when they get to retirement they have no idea how to enjoy their life. Stay away from foolish spending so you can both have money to enjoy your present life and save for retirement at the same time. Looks like those guitars morphed into a few more! Musical instruments have a way of doing that. A dog you love is always worth the money. Great video.
This is irrelevant to her very wise and insightful commentary, but the pet comment resonated with me, so here goes. I never understood how people could become so emotionally attached to a pet until my daughter moved back home with her puppy. Initially, I was so annoyed, that I barely looked at her (the doggy). This dog was undeterred by my apathy, and would not, and I mean would not, leave me alone. She followed me every where in the home, and would sit on the floor and just stare at me. She’d even sit outside my bedroom door in the mornings, and wait for me to come out. One day, out of nowhere, she jumped on the sofa and began licking my face. I had always been dead set against pets on furniture, and being licked by an animal? Absolutely not!!! Whelp she got me. ❤I fell in love with that dog, and actually became her primary caretaker because of my daughter’s work schedule. Not only did she get to lounge on the furniture, she was often in bed with me. She loved to steal our socks and make us chase her around the house to get them back. Every shopping trip, I’d find myself in the pet aisle looking for a new toy or special treats. She was our princess. Sadly, she’s no longer with us, and I miss her so much. I want another dog, but I’m afraid to get attached again.
There are so many wonderful dogs just needing a good home. Be brave, if finances allow, and give love to another little creature even if they depart this earth again before you. It's better to have loved and lost than not to love.
Spot on. I consider myself a minimalist, but never understood the stringent, almost religious, rules so many adhere to. I don't care if I have more or less than 40 or 100 items, or whatever it is these days, as long as those items add value to my life. Live intentional, think through everything, and push away what doesn't matter.
I just drifted in here by accident . . .and found STUNNING advice and validation! Bravo! And . . . . we have 4 doggos and spend huge on vet b ills . . . best money we can spend!
Just woke up and first thing I see is a notification for a new video drop from Nicole. Since practicing the art of being a minimalist I've cleared out the thing's that don't matter. Thanks Nicole for all You do and I'm constantly learning new thing's to add to My life, So much Bullshit we're exposed to on a daily basis and Nicole has helped Me and other's via knowing what matters and what doesn't matter. Thanks Nicole!!! 😊
I wish somebody like Nicole existed when I was in my twenties. Not necessarily because her advice on saving money, but on reducing clutter. Many things I've collected over the years represent interests I've had in the past. Those items still have value to me even though I'm not using them. I may have tools from a job that are no longer needed, or old CDs that I've ripped so I no longer need them. I've recently considered buying shipping boxes so I can sell most of my stuff I'm not using. The problem becomes the cost of shipping today is sometimes more than the cost of the item!
I've had dogs my entire life. About 10 years ago I had a black Lab, Sheba. Loved that dog. She was around 8 when she got a tumor, it was cancer. Spent $1000 to have it removed, and the Vet made no promises. A few months later it came back and another $4000 for treatments that ultimately didn't work. Not being able to let go cost $5k and the dog's quality of life was shit during the process. Lessons learned, Their quality of life is more important than my(our) need to keep them alive for our own selfish needs. Be kind, save the money, and let them go.
Yes to Ramit👍🏼 aligning your finances with a rich life is something I am learning to do. It’s a different perspective than the one I’ve lived of saving snd feeling guilty when I haven’t penny pinched. I’ve never carried debt other than a home. I’ve always been a minimalist in that I haven’t had the need for collecting material goods. My priority has been security. That is a mortgage free home, savings, and no debt, and passive income. I’ve come to realize that my rich life is being able to help those I love. I want to spend my guilt free spending on things that improve health and knowledge. Healthy food, books, education, experience and travel. I wish I’d had the guilt free spending part of a rich life earlier than at the age of 62. Nicole, I love the pop of color you’ve added with your art work over your stereo system. Nice job! Great message once again 😊
I think one of the greatest accomplishments of modern society is that now is the best time to be a minimalist due to all the technological innovations we have. While many see them as an opportunity to have more and more, (which is exhausting and leads to debt and clutter) many see the potential to utilize them as a way as a way to live easier.
I don't know if I'm a minimalist or just frugal or cheap. Honestly that doesn't drive me. I just think it's stupid to waste the Earth's very limited natural resources on a bunch of crap I don't need or don't really, really want. I do buy things impulsively from time to time, but usually feel like a chump afterward. I do try to accumulate wealth because I know I have to rely on me and only me to make sure I'm not shuffling down the street in a housecoat and slippers when I'm old and demented. Getting to that level of safety is going to take some money.
My dog, Maggie, who looks almost like your dog and a couple or three years older, she had a cough that didn't clear up. Off to the vet and she prescribed Vetmedin® (pimobendan) , up to 80 bucks for the last refill. Over a few months, started at two pills/day, later one per day, then 1/2 then later 1/2 every two days. Heart problems with fluid build up in the lungs in small dogs, goes with the territory in some breeds. Anyway Maggie is doing fine now, if the cough returns we'll start back on the meds. We are alike but different in many ways.... the only thing I have that comes close to a musical instrument would be the washing machine on spin cycle.
Wow I needed this video in your channel! Prioritising is key! We work so hard and should have some luxury in our lives. What’s the point of retiring a millionaire if you never lived a life that matters to you. Thank you Nicole!
I have to practice the minimalist mindset big time when I go to Costco. That place is soaked with hyper consumerism. When I buy my food there, I don't save money because I'm buying in quantity; I just eat more. Whenever I want to free up some cash flow on my budget, Costco is always a great line item to consider.
I’m at a point in my life where things are beginning to mean so much less to me. I’ve always saved and more now than ever since I’m almost 60 and don’t want to “work” forever. My home is modest, my cars are paid off except for one which is getting there! They are not new but reliable and needed for certain tasks. My TV is a 40 inch which by today’s standards is small, but I remember when 32 inch was big so I’m fine with this one! I replace things when they break. I have a clothes and shoe spending problem which I’m getting a little better at. COVID really made a change in the way I was living my life. Focus and spend money on things that matter to you. Your channel focuses on these things. Thanks for reminding us all and to not let the consumerism bullshit take the upper hand! Cheers!
The book "Your money or your life" changed my life and introduced me to minimalism and mindful living. I retired at 46 and have no debt. Investing in experiences and quality over quantity gives you the most bang for your buck. By ignoring societal pressures and not worrying about what others think or do is a freedom few actually achieve.
Thank you for bringing back the memory of saving for a sleeping bag that I finally bought from an ad in the newspaper "mother earth news" in 1975 as an 11 year old.
It's all about balance. Will you be healthy enough to enjoy that million at retirement? It does make sense to increase income, decrease expenses but at what expense to quality of life? Moderation has been my mantra and having retired four years ago, I was self employed, loved my work, lived in the moment, did not spend beyond my means but still had fun. As you grow older, things change to what you can physically and mentally do at your age. Relationships, activities, things you need for hobbies and passions. Be careful not to spend so much time planning what your life will be instead of living the one you have right now. Have fun in your youth with moderation so in your "golden" years, there's still enough to maintain that quality of life.
I've long thought that the traditional personal finance exercise of identifying "needs" versus "wants" should have a third category of "don't wants." If needs and wants are the only two options, that implies that we're all supposed to be coveting absolutely everything under the sun, and realizing that that's not true is an important step on the road to happiness. I guess that's basically what Ramit is saying with his "spend extravagantly" versus "cut mercilessly," but he injects an extra layer of over-the-top "everyone is wrong except me," because that's how he rolls.
I've spent so long saving to have even a modest level of financial security that I can't break the habit. Never eating out or getting a takeaway, wearing worn out clothes, and oh yes, store-brand cereal mmm, only putting the heating on if it's very cold. I figured out recently I've become a miser who keeps thinking I'm okay now I'll start spending money on non-essential stuff. SoOOooooOoon... Very moving to hear you talk about looking after 'your boy'. Nice guitar collection BTW. You spendthrift! : D
When I was growing up, we had the Sears Roebuck catalog! And you could buy anything out of it! Later, I found out people could order houses out of it. My ex husbands dad bought one when he was first married to his wife & lived in it until he died he died in 1990's !! Amazing!! It was really nice I loved it !! ❤❤
I totally get it about loving and taking care of your dog. My dog Sully is my constant companion and hes stuck with me for life no matter what it costs.
Love your story on growing up and saving. Growing up myself I would get money for bday and xmas but was taught that $50 would be worth $53 in a year so deposited it and led to a lifelong habit. Also the splurge aspect is very true for me as well, spent $400 on tickets to a band I really wanted to see.
Also got money for Christmas & my Birthday. Is the only time I would get money along with video games twice a year. So when you did get something back in the day you appreciated that much more.
I totally feel you on splurging for the good food. The majority of our monthly bills is quality, fresh food- which is 110% worth it in the end! Not just that, but we spend alot on our kitties. Theyre our babies! They bring us so much joy! The important stuff feels right spending on, and the unimportant stuff feels wrong to spend on. Thats where we get buyers remorse!
I agree that minimalism = intentionality, and my "rich" life is all about making my studio apartment a happy place. There's bright colors, a Disney kitchen, a Harry Potter corner, and MCM elements. The closets & cupboards, however, are serious business - very simplified and organized. I'm a minimalist in most ways, even if my decor suggests otherwise. Thank you for addressing that mindset.
I really enjoyed this video Nicole! Seeing my mother waste so much money when I was a child, made me a saver. I never got a buzz off just buying stuff, but did become too frugal at times. I retired from 46 yrs in US healthcare @ 64. Living a wonderful life & spending intentionally. In the US , most financial advisors advise STRONGLY to not start Social Security until 70. Dont listen to them! I started @ 66 & can really relax now.
Beef season (burp) got 3 large steaks last trip to grocery store; heading back for more. Place a slice of bread on the bottom of the plate, put beef steak on top; then add two raw eggs; best dinner ever.
I felt so called out in the best way by the minimalist definition at the end of this video! Yes. I am a minimalist in so many ways despite the bright crazy colors and owning 30 pairs of cute boots (part of my rich life). Love your content.
I loved your response to the people that say you should get rid of your dog. My dog is one of the entities in my life for whom I would seriously sacrifice. I don't understand people that don't love their pets.
I can appreciate the renovations. My home was originally a rental/investment property that I bought back in 2016. It was a 1980’s granny house with canary yellow walls and lipstuck red countertops. There were some classic features I kept like the solid wood cabinets and shelving but yeah, I splurged on it. Bleach white plank tile and cracked pepper colored walls on top of the quartz countertops and bathroom remodels. The one did have a nice ironcast tub I kept but between those items and the roof & heat/ac systems…ouch. But pay the premium now for things that last. Any, aside that, you now remind me of Marceline from Adventure Time with all those guitars. I think that’s a good thing?
You're one of the realist people, and especially vv0m3n ive seen online. You're a true minimalist in every sense of the word and prove a major point where you don't wear makeup ever even online which is so rare these days...and You're self worthy enough to know you're great the way you are naturally, and not needing to project some fake persona and image to the world. This is my first video of yours i have seen, and you are so direct and simple good study of truth and self reflection. Its such a good feeling to meet someone who isnt fake nowadays...as weird as that may sound. Subscribed. Please don't change
If you want to save money on bin bags contact coffee roasters, they have bags that the beans come in. My local roaster gives them away for free, I use them as bin bags, if you have to cut them up them roll up the open end and staple it closed. The staples will rust away, better than using tape that contains plastic.
Yes Nicole you have a good sense of humor, and I find that your frank openness regarding your life very refreshing to hear ( the episode on adulthood ) along with this episode. You have a working brain that is so rare in any era of human history. You are a practical thinker who if I was 30 years younger would have been very lucky to have met. I’ve no doubt that a conversation with you would be most stimulating now, and when I was much a younger man as most of my peers were not very intelligent or just sports fanatics lol 😂. As a very disappointed American citizen living in a country that still believes it’s the best thing in the world, hearing you pontificate on various issues is an escape from my painful reality that unfortunately is not possible for me to change at this point in time. Yes to me a car is simply the modern day horse and impractical vehicle types are just a waste of vanity and inflated ego. Keep up the fabulous work on your TH-cam channel pretty Nicole.
I agree with this channel virtually all the time.... but I'm not a minimalist. I AM however probably extremely independent & somewhat immune to the cultural push to have the latest gadgets. I prefer cheap phones, because i dont need to worry about losing it. I dont have TV or streaming. However, I've always wanted to build my own house.....so thats my next goal is to develop some property; even though the culture would probably say that kind of wealth isnt for the average people like me. Oh, well.
Same. I'm 47 now but it started for me when I moved out from my parent's home during college and basically thought I'd do anything to never ask them for help. Not because they wouldn't but because I wanted to do life how I could. I didn't have much money from my job but I made it work and I was extremely frugal and then as I progressed in my career and life, I have kept to those same habits and ideas. Of course I have made changes and upgrades when practical or very desirable. But I saw a lot of my peers trying to keep up with the Joneses and in so much debt. I feel glad I didn't do that. I'm very happy with my life.
Your comments about minimalism are well thought out and refreshing. I also recall going through the Sears catalog wanting a guitar when young, and finally achieving that dream. It resulted in a rewarding career in music and art.
my first big save-up was $130 for a pair of black 10-hole Doc Martens boots from England. I was 13-14 and an aspiring goth kid (in the days before stores like Hot Topic), saved most of my allowances for that, 5 bucks a week so it took a long time. It meant a lot of missing out on movies and things like that, but was worth it to me. This was in 1990 when no stores in my area had them and my parents were horrified at the price and style of the boots. I wore out the boots by college but I still had the box for 20+ yrs.
I was able to be a stay at home mother because of the choices I made. I realized that my kids were going to grow up fast, and that I had their childhoods in my hands. It’s about priorities. I chose time over stuff. I a live in the present sort of person, but the stress of not being somewhat prepared for the future can definitely ruin your present.
I was in the process of reflexively skipping your sponsored segment and then i said "wait ... it does WHAT??!" ... This sounds amazing and i can't wait to try it out. Cheers
I think the ability to do your own thing and not give too much attention to what others care about is a wonderful thing to have. Very wise consideration that you have to live your life in a well balanced way, it doesn't make sense to work 12 hours per day, 7 days a week and then think: one day, I'll just have enough money and I'll just stop working all together... I've known several like that who then died from a hearth attack only weeks after they quit. Suicides also, probably because too much of their identity was in their work, a senseless way to live... I also think when you say you'll retire at 40, you mean you'll focus on this channel, and let the job you do today slowly subside... active retirement...
Girl, you are wise beyond your years. You truly have your sh*t together. I agree with everything you had to say. Your sense of humor always makes my day🤣 You make my world a happier place ! Thanks Nicole 😊
On that dog comment. Amen sister. We have a 2 year old pitbull. He was stray in really bad shape. Tragically underweight, hair loss, wounds. We had him a week & he got really sick. We went to emergency vet & he spent a week in ICU. $10,000 & A year later. He is the best dog. We are also 100% debt free, with an emergency fund & mutiole sinking funds. So that $10,000 vet bill was just an inconvenience. Many people we know said theyd never spend that on a dog. The ER vet even recommended euthanasia. We live on my husbands salary & save mine. We are getting rid of many items in the house & going minimalist. If your dog is happy & has a good quality of life you keep spending an arm & a leg as long as you can afford it.
Debt is the big thing in most people’s life that prevents them from spending their money on the things they want. Getting rid of credit cards and not having student loans, nor car payments frees up your money to both save/invest it and spend a portion of it. The rich life foe me? Living in a house I own, with low monthly mortgage payments, in an area that is not very crowded, near nature where I can walk, ride a bike, or just sit and watch the birds. Having family and friends around is important too. Having music, piano, in my life. A few nature based vacations is good too, like renting a cabin in a state park for a few days. I no longer have to work but being engaged in my community in some way also adds to a rich life.
Long story but I moved into my apartment with very little. After a year I got a couch more or less given away and I so enjoyed that couch after no couch. Then I got a small carpet, it felt like luxury to walk on a carpet with bare feet
I totally agree with every word, i know a famous TH-camr in frugal comunety who says she's a millioner yet she competes with the homeless for empty cans and advice her viewers to do that !! I really don't know what type of life this is .
There are some weird people out there. When I made a video about saving money while grocery shopping I got comments from people telling me I should dumpster dive or go to food banks. 🤦🏼♀️ Like just because I don’t like to be wasteful doesn’t mean I’m destitute ffs. I swear that some people hoard money the way others hoard trash. It’s a mental illness in either case.
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Anyone who tells you to get rid of your dog (or other beloved creature, human or animal) is an asshole, and yes, they can go fuck themselves.
I just retired at 66. That is my reward. The peace of it all. I never yearned for vacations,etc. So it was easy. I am now straightening out my small condo. At my pace. I could not take the pressure of work anymore, and I would be horrified to have to work the rest of my life. That is my reward to myself, my gift to myself. Nicole, this is a FANTASTIC video. Well done! BTW, I am not rich.....but balanced and relaxed. One last point....I love your dry humor!
I have people at my work who are 66.
My dad finally retired at 70 and I wish he could have retired earlier. He’s still in good health but it’s so important to enjoy life bc you never know how much you have left. He plays music with his free time and goes to see concerts! My husband and I DO love to travel. So knowing we’d like to travel while we’re young and travel while we’re younger old people that means being intentional about saving and investing for those goals.
I do not think work is all that bad if you enjoy it then stay doing it. My dad is a retired mechanic but still works on the side at his own pace to keep his mind busy. it is boring if you do not do something even if you are retired. I see a lot of women who are retired who just go shopping to kill time that is not my ideal life.
Tell the haters "Go fuck yourself." Perfect.
I wish you didn't make that sound like that's an atrocious thing.
I idolize Marian Diamond, a brain specialist who worked into her 90's. Not out of financial need. Though I do know that many of our working elderly are working due to financial need.@@tonyp9313
In the words of an elderly finance professor I had, "Many of my students think life is made of money. Life is not made of money, life is made of time" Words frozen in my mind.
"It's an honor to take care of him" on Levi... You are my kind of person. Blessings
What a perspective, very selfless and discipined
Great video Nicole. Hello Levi😘
My hb and I live on half of our incomes, buy only used cars cash, hate shopping, and feel not deprived whatsoever. One night I lay in bed and totaled up our assets when I realized we're millionaires. Living below your income really works
what's a HB?
Yes I loved that advice from older people so we live on my husband’s income and are investing my income (mine fluctuates as a biz owner). I believe we’ll achieve a level of financial independence in 10 years living like this! Not 100% live off investments but at least coasting / work whatever hours and jobs we want… slow down and live peaceful lives.
This isn't a brag post.
Minimalism is not self deprivation. To me minimalism is about prioritizing and caring for the things that matter most and being ruthless about the things that don’t matter at all.
🎯
So well said 🎉. Borrowing this phrasing by the way 😊
@@AccordingtoNicolehi Nicole, I hope your having a nice morning so far. How tall are you if you don’t mind me asking? I’m 5’9” and I appreciate you are a part of the tall ladies club! 😘 ❤🎉❤🎉❤🎉❤
I remember the Sears Wishbook. A holiday tradition!
The rich life is having no debt, doing what I love, and helping others. Right now, I am still working toward the first one, but I am closing in on it! It is nice not having a bunch of stuff sitting in my house, collecting dust.
I was online “browsing” this morning and added a bunch of things to my cart. Then I watched this and deleted everything from the cart. Thanks for keeping an old lady on track. ❤
Why? Cuz you watched a you tube vid? Who cares just do what you want to do.
@@tonyp9313 this is the defensive speak of someone who thinks debt free is unattainable.
@@tonyp9313yes actually because she reminded me not to spend my hard earned money on crap I don’t need. And that mindset enabled me to retire debt free at 57. Have a wonderful day.
My house if FILLED with stuff I wish I never bought.
That's exactly how I feel.after watching one of her videos.
You may call yourself a minimalist, but your subtle sense of humor is priceless
To think that someone actually suggested to get rid of your dog is tragic. I am glad there's people like you.
I wouldn't suggest you get rid of your dog, but, I have seen a lot of people with multiple pets that are struggling to make their bills. Owning a pet today is not the same as owning a pet in the 70s and 80s. The vet bills are now the same rip off as human medical treatment. I would never suggest anyone to get rid of a pet What I would suggest is, THINK before you do.
@russgould707 there are definitely things I think about here. I love my dogs more than anything and don't mind going into debt if I need to for them. However, my next dogs won't be dogs that need professional grooming. It's insane how expensive it has gotten. My last dog cost me $55 every couple months. Now it's $180. I've tried doing it myself but she makes it challenging for me and it always looks like crap. I do trim her a bit in-between grooms to extend it out to 3 months instead of 2...so yeah... next dog will be short haired.
Maybe suggestion was not purely money based? Cause if you have to pump poor old animal with meds and do tonns of surgeries then it sounds very cruel to me.
You're wise beyond your years.
Wish I was like Nicole at her age. X
@@michaelxz85something can be expensive and worth it at the same time
Yes! Not EVERYTHING is a "waste of money". If it makes you happy and doesnt break the bank, it's fine in my eyes! @michaelworek-xz8xg
@@michaelxz85 Pets are fine. I don't own them because they are a huge responsibility & they are expensive. Cool to you if you do own 1 though or several.
@@michaelxz85 The amount of money we spent on our dog was massive. But she was a family member. And when you're that close, you do whatever it takes to make them well.
Im 55 and just discovered your channel. Love it. Am embarrassed to say that I lived most of my life being blown by the wind. Doing what others told me I should etc. Am just now waking up! My kids are grown now and I inherited some $ when my parents passed away that is invested nicely. Have already gotten rid of about 50% of the stuff I had accumulated and it feels so good. Thanks for the great advice! Look forward to more wisdom according to Nicole! :)
Your sentiment about your best boy (dog), absolutely yes. Anyone thinks differently, gfu
Pets become family, I kind of feel bad for people who has never had a pet.
I honestly feel sorry for those people because they have no understanding of what they're missing. Or, they're dead inside. Either way it's a lose.
I love how direct you are 😂 Levi is definitely worth it. He is one lucky pup to have you.
Ain't that the truth? What a lucky little guy.
Top Dog. 😂 My husband and I retired when I was 59, (two years ago). And I’ve always wanted a dog for about 20 years. Unfortunately, I had to put off getting a dog because of work. After all, it seemed to me that having a dog I couldn’t spend much time with would be sad for both us. Finally we got the dog we always wanted, an English bull bitch. She is such a joy to have and care for. Yes, she’s a small fortune but we love her.
Retirement is a very big adjustment that seemed foreign to me. I mean we went from full on work to homebodies. There’s no place like home.
God bless Nicole,
Mary
Actually it's a very good question - what does rich life means to me. I spent several minutes thinking about it, and I have to say, that for me it's just simply not being worried for my future if for example I loose my job, or get sick or disabled. And only having my own house with paid mortgage can solve most of it. Because having a roof above my head that 100% belongs to me means that I most likely won't starve to death - it's always possible to rent someone a room, buy minimum food, survive on minimum wage or social benefits, etc. And also medicine of course. Living in a country with social medicine solves it too. And I don't need fancy clothes or cars to be satisfied with my life. I don't need to be rich, I just need to be safe.
I completely agree. Having a paid off house would lower my expenses enough that I don’t think I’d ever worry about money again. #goals
@@AccordingtoNicole A paid off mortgage is a great goal, but not an absolute. You still have to pay property taxes every year, which can be expensive. Also, in many countries you won‘t receive any social benefits if you’re a property owner, so in worst case scenario (job loss, disability), you‘d have to sell your home and use that money before the state would start supporting you
A dog gives love unconditionally. No amount of money can replace that. You are right that it is an honour to care for them in return. They don't live as long as we do. Treasure each day with them.
Absolutely! I can't believe there are some awful comments regarding your baby. I had my loving Cutie since he was a kitten. After 20 years, it was one of the most devastating times in my life when it was time to say goodbye. I don't regret any expenses that I incurred for him regarding giving him the treats, toys, food, and care that he enjoyed and needed. Now I do the same for my mother's little Simi (a Russian blue female cat), whom I now take care of because my mother is getting too old to care for her. It is an honor to care for these pets who make their living by giving you nothing but love.
As you said, it is an honor to spend money on our furry little families. They bring us so much joy.
My cat, Zoe, of 20 and a half years passed away last month. I’ve had her since elementary school! 😭 I estimated she cost $200-300 per month the last year of her life in hospice care (special food, supplements, etc.) and she was worth every penny. The best preventative care for pets (as well as people) is good food + low stress. I fed her grain free kibble usually the wildcaught fish kind until she couldn’t digest kibble and then bought her grain free canned food + bone broth. I feed my dog sensitive tummy Lamb kibble plus dog friendly table scraps. And with our other kitten same thing, grain free salmon kibble (and she also hunts). Hopefully they’ll also live to be 15-20 ish years old! Every moment with them is a blessing 🥰
Your message on minimalism is informative and inspiring. And I am glad you differentiate between minimalism and just being cheap and frugal and depriving yourself. Intentionality is such a great word and reminder to what is truly important. Live your best life!
Your wonderful dog is your greatest companion. 😊
It is your honor to take care of him. Well said.
I earned my first quarter when I was 8. Sweeping out a neighbors garage. I still didn't have enough, so I set up a lemonade/snack stand in the parking lot of the tennis courts across the street from my house. I took the proceeds to the local 5 and dime store to indulge my first splurge. The "Hawaii Five-O" album by The Ventures. That was summer of '69. I LOVED the theme song to that show. I got a guitar for Christmas later that year, but I didn't stick with it. I was happy to see my nephew stick with it though. He makes a living now, playing with a band at local bars and night clubs.
I agree with splurging on good food - it's worth it.
Well said - this video encapsulates why we like Nicole. Being wise and thoughtful with your money and finances does not mean leading a life of deprivation. Most people are simply thoughtless with their money, and so they overconsume things that add little or nothing to what will make them happy. Part of the journey is understanding yourself, so that you can be you.
Nicole, you are a mini me! I’m 61, retired and living sustainably happy because of how I valued money and the things I choose to bring into my life. Many blessings to you!
Scary how similar we are! I been called cheap forever but now I have family members in their 80s and 50s with huge mortgages and they rent/lease cars! And are pretty broke! Spending money you don’t have to buy things you don’t need has always been ridiculous to me! Great Video Nicole 👍🏻👍🏻👍🏻
I can sort of see carrying a mortgage and even a car payment into your elderly death if you are financially able to keep up with the bills, if you don't intend on leaving it to anyone. It's sort of like a long term rental but with the ability to paint the walls grey if you want, and at your demise the house goes to the bank and the car gets repossessed.
I don't think when you retire you should have a mortgage or car payment! And you should have money to purchase another car when needed! @@markbajek2541
❤best doggy mammy ever !!,just got myself a new fur baby,I prefer animals to humans😂
A rich life to me means my own house, no debt and not having to go to work every day. I'm not interested in going overseas on holidays or even having a holiday in general. Not having to work is a permanent holiday for me and that would be the best thing. I'm 58 now and I almost thought it was too late, but I'm glad to know it's not. Thanks for the book recommendation, hopefully it will help be sort my finances out so I can become debt free and cashed up by the end of this year.
Hahaha, love your response to the dog. I had my little beast I loved with all my heart. He was so smart. I spent a lot to keep him alive, heart, then kidneys, then liver. He is running the fields of heaven now. He was worth every penny. Now have two beasts. Got them at the dog pound. Still miss my one dog and always will. I am not a minimalist, tired it but to sparse for me. I am minimalist as far as keeping just what I like and buying second hand as much as I can. I love your take on food too. I up ours to more organic and pure whole foods, hardly any processed food. I enjoy cooking and am learning to bake lots of different breads. Peace!
I love your videos!
Minimalist, intentional living and living MY rich life. I have a life full of fun and adventure. I am surrounding by people, pets and things that I love in my (paid off) house. With no debt and comfortable savings, I get to make intentional choices.
A rich life to me means health and freedom. Making the most of the health I have, cooking and eating good quality food to maintain that health. A rich life also means that by owning our own home gives us the economic and personal freedom to spend our days as we choose in a stable, safe, comfortable home, to travel now and again and to spend time with those we love.
You are a wonderful Mum to Levi❤ (he is seriously cute), he's so fortunate to have you. I am sure you feel the same - you are a family.
Glad you ignore the shallow trolls that attempt to force their horrid opinions upon you! Love your content!
Love the idea of spending deliberately, on what you love.
Whatever cretin told you to just get rid of your dog to save money, DOES deserve pity - and your response was perfection! 🙋♀️🥰🇺🇸👍‼️
I drive a 2004 Toyota Camry, that we bought used from a pastor that my mother-in-law knows. It was rust-free, because they live in a Southern state, which is unheard of in Upstate New York where I live
You're very lucky. Here in Canada you get rust. So a Car isn't going to last forever here. Toyota's are the best cars on the market. That'll last you a very long time. Wow already 20 years. I had a Suzuki car lasting me 18 years before I bought my Toyota Rav 4 in 2021.
I set a sinking fund in my home budget specifically for veterinary care. I had the privilege of being owned by two Siamese cats who lived to 17 and 20, and a Sphinx who lived to 18. The last few years of their lives were outrageously expensive but my sinking fund took care of it. After their deaths I thought I was probably done. The end to the continuous vet bills was a huge relief. Then along came my new girl, a 6 yo Sphinx who was being released by her breeder. Then a litter of Sphinx kittens was born near me so I deposited on a kitten. I was thrilled when I was able to take her home. Two days later the breeder called with news that one of the kitten’s placements fell through and would I like a second? Yes! I am back to having 3 cats again along with the vet bills that come with them. My sinking fund is still a part of my home budget. Animals are a joy and I am happy to care for them. Preparing for their medical expenses in advance will allow me to do that.
Hey Nichole, Yes, I don't go second class on food either!! There's nothing like good food. And levi is great!! He's a better companion that alot of people!!
This is an excellent take, minimalism is not about being a cheapskate, its about resource allocation, to maximise your happiness.
I just don’t have enough money to meet friends in restaurants but this week I met friends in parks and I provided the food. I’m a very good cook, I get to share the food and spend good times with friends. That is living a rich life for me
I just saw an interview with the former restaurant critic for the New York Times, Pete Wells. He ate out at the best restaurants in New York City almost every night for 10 years. He quit due to poor health (pre-diabetes and very high cholesterol) caused by his job. So, yeah, eating healthy meals at home is cheaper and can be a lifesaver.
Minimalism goes hand-in-hand with anything as long as it's not an overabundance of things, to me a rich life means having money in the bank to cover my mortgage my bills and my food and a few other things. Nothing more nothing less.
Lol. The dog in the bed at 0:30. I have two dogs and it's funny watching them loving life in a simple way.
Wading through the filth all week to get to this point finally. So glad its Sunday.
10:03 - No worries, those who never experience love in their lives are already performing the task of self-flocking you instructed them to do.
I wish more people were as wise as you. I wish I was cause I'm not that rational.
Using your brain properly and caring about things that really matter and make you happy is the best strategy.
I have always aimed to live . So while I have not lived an extravagant life, I have had a comfortable, fun and rewarding 64 years. I could retire today if I wanted to, but I love my chosen field and hope to continue doing it for as long as possible.
True, intentional saving and spending. The problem with the ‘work hard and save it all for retirement ‘ idea is that someone can work so hard and so many hours that it affects their health, and also when they get to retirement they have no idea how to enjoy their life. Stay away from foolish spending so you can both have money to enjoy your present life and save for retirement at the same time. Looks like those guitars morphed into a few more! Musical instruments have a way of doing that. A dog you love is always worth the money. Great video.
This is irrelevant to her very wise and insightful commentary, but the pet comment resonated with me, so here goes.
I never understood how people could become so emotionally attached to a pet until my daughter moved back home with her puppy. Initially, I was so annoyed, that I barely looked at her (the doggy). This dog was undeterred by my apathy, and would not, and I mean would not, leave me alone. She followed me every where in the home, and would sit on the floor and just stare at me. She’d even sit outside my bedroom door in the mornings, and wait for me to come out. One day, out of nowhere, she jumped on the sofa and began licking my face. I had always been dead set against pets on furniture, and being licked by an animal? Absolutely not!!!
Whelp she got me. ❤I fell in love with that dog, and actually became her primary caretaker because of my daughter’s work schedule. Not only did she get to lounge on the furniture, she was often in bed with me. She loved to steal our socks and make us chase her around the house to get them back. Every shopping trip, I’d find myself in the pet aisle looking for a new toy or special treats. She was our princess. Sadly, she’s no longer with us, and I miss her so much. I want another dog, but I’m afraid to get attached again.
There are so many wonderful dogs just needing a good home. Be brave, if finances allow, and give love to another little creature even if they depart this earth again before you. It's better to have loved and lost than not to love.
Do it! Rescue one in her honor.
You nailed it - being a minimalist is having a plan for every dollar - that's it in a nutshell.
Spot on. I consider myself a minimalist, but never understood the stringent, almost religious, rules so many adhere to. I don't care if I have more or less than 40 or 100 items, or whatever it is these days, as long as those items add value to my life. Live intentional, think through everything, and push away what doesn't matter.
Yes, I’m a minimalist too, except when it comes to art supplies, clothes, and tarot decks!😀
I just drifted in here by accident . . .and found STUNNING advice and validation! Bravo! And . . . . we have 4 doggos and spend huge on vet b ills . . . best money we can spend!
Just woke up and first thing I see is a notification for a new video drop from Nicole.
Since practicing the art of being a minimalist I've cleared out the thing's that don't matter.
Thanks Nicole for all You do and I'm constantly learning new thing's to add to My life, So much Bullshit we're exposed to on a daily basis and Nicole has helped Me and other's via knowing what matters and what doesn't matter.
Thanks Nicole!!! 😊
I wish somebody like Nicole existed when I was in my twenties. Not necessarily because her advice on saving money, but on reducing clutter. Many things I've collected over the years represent interests I've had in the past. Those items still have value to me even though I'm not using them. I may have tools from a job that are no longer needed, or old CDs that I've ripped so I no longer need them. I've recently considered buying shipping boxes so I can sell most of my stuff I'm not using. The problem becomes the cost of shipping today is sometimes more than the cost of the item!
I've had dogs my entire life. About 10 years ago I had a black Lab, Sheba. Loved that dog. She was around 8 when she got a tumor, it was cancer. Spent $1000 to have it removed, and the Vet made no promises. A few months later it came back and another $4000 for treatments that ultimately didn't work. Not being able to let go cost $5k and the dog's quality of life was shit during the process. Lessons learned, Their quality of life is more important than my(our) need to keep them alive for our own selfish needs. Be kind, save the money, and let them go.
I have 3 dogs, but they make me so happy 😁
Yes to Ramit👍🏼 aligning your finances with a rich life is something I am learning to do. It’s a different perspective than the one I’ve lived of saving snd feeling guilty when I haven’t penny pinched. I’ve never carried debt other than a home. I’ve always been a minimalist in that I haven’t had the need for collecting material goods. My priority has been security. That is a mortgage free home, savings, and no debt, and passive income. I’ve come to realize that my rich life is being able to help those I love. I want to spend my guilt free spending on things that improve health and knowledge. Healthy food, books, education, experience and travel. I wish I’d had the guilt free spending part of a rich life earlier than at the age of 62.
Nicole, I love the pop of color you’ve added with your art work over your stereo system. Nice job! Great message once again 😊
I think one of the greatest accomplishments of modern society is that now is the best time to be a minimalist due to all the technological innovations we have. While many see them as an opportunity to have more and more, (which is exhausting and leads to debt and clutter) many see the potential to utilize them as a way as a way to live easier.
Amen and Hallelujah! 🎉
I don't know if I'm a minimalist or just frugal or cheap. Honestly that doesn't drive me.
I just think it's stupid to waste the Earth's very limited natural resources on a bunch of crap I don't need or don't really, really want. I do buy things impulsively from time to time, but usually feel like a chump afterward.
I do try to accumulate wealth because I know I have to rely on me and only me to make sure I'm not shuffling down the street in a housecoat and slippers when I'm old and demented. Getting to that level of safety is going to take some money.
My dog, Maggie, who looks almost like your dog and a couple or three years older, she had a cough that didn't clear up. Off to the vet and she prescribed Vetmedin® (pimobendan) , up to 80 bucks for the last refill. Over a few months, started at two pills/day, later one per day, then 1/2 then later 1/2 every two days. Heart problems with fluid build up in the lungs in small dogs, goes with the territory in some breeds. Anyway Maggie is doing fine now, if the cough returns we'll start back on the meds. We are alike but different in many ways.... the only thing I have that comes close to a musical instrument would be the washing machine on spin cycle.
Levi is on Vetmedin too. It's a life saving medication.
Wow I needed this video in your channel! Prioritising is key! We work so hard and should have some luxury in our lives. What’s the point of retiring a millionaire if you never lived a life that matters to you. Thank you Nicole!
I have to practice the minimalist mindset big time when I go to Costco. That place is soaked with hyper consumerism. When I buy my food there, I don't save money because I'm buying in quantity; I just eat more. Whenever I want to free up some cash flow on my budget, Costco is always a great line item to consider.
I’m at a point in my life where things are beginning to mean so much less to me. I’ve always saved and more now than ever since I’m almost 60 and don’t want to “work” forever. My home is modest, my cars are paid off except for one which is getting there! They are not new but reliable and needed for certain tasks. My TV is a 40 inch which by today’s standards is small, but I remember when 32 inch was big so I’m fine with this one! I replace things when they break. I have a clothes and shoe spending problem which I’m getting a little better at. COVID really made a change in the way I was living my life. Focus and spend money on things that matter to you. Your channel focuses on these things. Thanks for reminding us all and to not let the consumerism bullshit take the upper hand! Cheers!
The book "Your money or your life" changed my life and introduced me to minimalism and mindful living. I retired at 46 and have no debt. Investing in experiences and quality over quantity gives you the most bang for your buck. By ignoring societal pressures and not worrying about what others think or do is a freedom few actually achieve.
That's my favorite book!!!
Thank you for bringing back the memory of saving for a sleeping bag that I finally bought from an ad in the newspaper "mother earth news" in 1975 as an 11 year old.
It's all about balance. Will you be healthy enough to enjoy that million at retirement? It does make sense to increase income, decrease expenses but at what expense to quality of life? Moderation has been my mantra and having retired four years ago, I was self employed, loved my work, lived in the moment, did not spend beyond my means but still had fun. As you grow older, things change to what you can physically and mentally do at your age. Relationships, activities, things you need for hobbies and passions. Be careful not to spend so much time planning what your life will be instead of living the one you have right now. Have fun in your youth with moderation so in your "golden" years, there's still enough to maintain that quality of life.
I've long thought that the traditional personal finance exercise of identifying "needs" versus "wants" should have a third category of "don't wants." If needs and wants are the only two options, that implies that we're all supposed to be coveting absolutely everything under the sun, and realizing that that's not true is an important step on the road to happiness. I guess that's basically what Ramit is saying with his "spend extravagantly" versus "cut mercilessly," but he injects an extra layer of over-the-top "everyone is wrong except me," because that's how he rolls.
LOVE this idea of "don't wants". This line of thinking needs to be promoted. "Don't want" is my biggest category.
I've spent so long saving to have even a modest level of financial security that I can't break the habit. Never eating out or getting a takeaway, wearing worn out clothes, and oh yes, store-brand cereal mmm, only putting the heating on if it's very cold. I figured out recently I've become a miser who keeps thinking I'm okay now I'll start spending money on non-essential stuff. SoOOooooOoon...
Very moving to hear you talk about looking after 'your boy'. Nice guitar collection BTW. You spendthrift! : D
You should buy some wall hangers for your gear. Saves floor space and makes for great art on the walls
When I was growing up, we had the Sears Roebuck catalog! And you could buy anything out of it! Later, I found out people could order houses out of it. My ex husbands dad bought one when he was first married to his wife & lived in it until he died he died in 1990's !! Amazing!! It was really nice I loved it !! ❤❤
I totally get it about loving and taking care of your dog. My dog Sully is my constant companion and hes stuck with me for life no matter what it costs.
Love your story on growing up and saving. Growing up myself I would get money for bday and xmas but was taught that $50 would be worth $53 in a year so deposited it and led to a lifelong habit. Also the splurge aspect is very true for me as well, spent $400 on tickets to a band I really wanted to see.
Also got money for Christmas & my Birthday. Is the only time I would get money along with video games twice a year. So when you did get something back in the day you appreciated that much more.
I love how you take such good care of your fur baby, and he's adorable. Have A Wonderful Weekend ✌️
I totally feel you on splurging for the good food. The majority of our monthly bills is quality, fresh food- which is 110% worth it in the end!
Not just that, but we spend alot on our kitties. Theyre our babies! They bring us so much joy!
The important stuff feels right spending on, and the unimportant stuff feels wrong to spend on. Thats where we get buyers remorse!
I agree that minimalism = intentionality, and my "rich" life is all about making my studio apartment a happy place. There's bright colors, a Disney kitchen, a Harry Potter corner, and MCM elements. The closets & cupboards, however, are serious business - very simplified and organized. I'm a minimalist in most ways, even if my decor suggests otherwise. Thank you for addressing that mindset.
I really enjoyed this video Nicole! Seeing my mother waste so much money when I was a child, made me a saver. I never got a buzz off just buying stuff, but did become too frugal at times. I retired from 46 yrs in US healthcare @ 64. Living a wonderful life & spending intentionally. In the US , most financial advisors advise STRONGLY to not start Social Security until 70. Dont listen to them! I started @ 66 & can really relax now.
Beef season (burp) got 3 large steaks last trip to grocery store; heading back for more. Place a slice of bread on the bottom of the plate, put beef steak on top; then add two raw eggs; best dinner ever.
I felt so called out in the best way by the minimalist definition at the end of this video! Yes. I am a minimalist in so many ways despite the bright crazy colors and owning 30 pairs of cute boots (part of my rich life). Love your content.
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I loved your response to the people that say you should get rid of your dog. My dog is one of the entities in my life for whom I would seriously sacrifice. I don't understand people that don't love their pets.
I can appreciate the renovations. My home was originally a rental/investment property that I bought back in 2016. It was a 1980’s granny house with canary yellow walls and lipstuck red countertops. There were some classic features I kept like the solid wood cabinets and shelving but yeah, I splurged on it. Bleach white plank tile and cracked pepper colored walls on top of the quartz countertops and bathroom remodels. The one did have a nice ironcast tub I kept but between those items and the roof & heat/ac systems…ouch. But pay the premium now for things that last. Any, aside that, you now remind me of Marceline from Adventure Time with all those guitars. I think that’s a good thing?
You're one of the realist people, and especially vv0m3n ive seen online. You're a true minimalist in every sense of the word and prove a major point where you don't wear makeup ever even online which is so rare these days...and You're self worthy enough to know you're great the way you are naturally, and not needing to project some fake persona and image to the world.
This is my first video of yours i have seen, and you are so direct and simple good study of truth and self reflection. Its such a good feeling to meet someone who isnt fake nowadays...as weird as that may sound. Subscribed. Please don't change
If you want to save money on bin bags contact coffee roasters, they have bags that the beans come in. My local roaster gives them away for free, I use them as bin bags, if you have to cut them up them roll up the open end and staple it closed. The staples will rust away, better than using tape that contains plastic.
Yes Nicole you have a good sense of humor, and I find that your frank openness regarding your life very refreshing to hear ( the episode on adulthood ) along with this episode. You have a working brain that is so rare in any era of human history. You are a practical thinker who if I was 30 years younger would have been very lucky to have met. I’ve no doubt that a conversation with you would be most stimulating now, and when I was much a younger man as most of my peers were not very intelligent or just sports fanatics lol 😂.
As a very disappointed American citizen living in a country that still believes it’s the best thing in the world, hearing you pontificate on various issues is an escape from my painful reality that unfortunately is not possible for me to change at this point in time.
Yes to me a car is simply the modern day horse and impractical vehicle types are just a waste of vanity and inflated ego.
Keep up the fabulous work on your TH-cam channel pretty Nicole.
I agree with this channel virtually all the time.... but I'm not a minimalist.
I AM however probably extremely independent & somewhat immune to the cultural push to have the latest gadgets.
I prefer cheap phones, because i dont need to worry about losing it. I dont have TV or streaming.
However, I've always wanted to build my own house.....so thats my next goal is to develop some property; even though the culture would probably say that kind of wealth isnt for the average people like me. Oh, well.
Excellent advice. I've pretty much lived this way my whole life. With no regrets.
Same. I'm 47 now but it started for me when I moved out from my parent's home during college and basically thought I'd do anything to never ask them for help. Not because they wouldn't but because I wanted to do life how I could. I didn't have much money from my job but I made it work and I was extremely frugal and then as I progressed in my career and life, I have kept to those same habits and ideas. Of course I have made changes and upgrades when practical or very desirable. But I saw a lot of my peers trying to keep up with the Joneses and in so much debt. I feel glad I didn't do that. I'm very happy with my life.
Your comments about minimalism are well thought out and refreshing. I also recall going through the Sears catalog wanting a guitar when young, and finally achieving that dream. It resulted in a rewarding career in music and art.
my first big save-up was $130 for a pair of black 10-hole Doc Martens boots from England. I was 13-14 and an aspiring goth kid (in the days before stores like Hot Topic), saved most of my allowances for that, 5 bucks a week so it took a long time. It meant a lot of missing out on movies and things like that, but was worth it to me. This was in 1990 when no stores in my area had them and my parents were horrified at the price and style of the boots. I wore out the boots by college but I still had the box for 20+ yrs.
I was able to be a stay at home mother because of the choices I made. I realized that my kids were going to grow up fast, and that I had their childhoods in my hands. It’s about priorities. I chose time over stuff. I a live in the present sort of person, but the stress of not being somewhat prepared for the future can definitely ruin your present.
I was in the process of reflexively skipping your sponsored segment and then i said "wait ... it does WHAT??!" ... This sounds amazing and i can't wait to try it out. Cheers
It’s seriously the best. Helps you learn all three important stuff without the filler. Let me know what you think after you try it.
I did a similar thing except I was 13 and it was a bicycle. It took two years but it was an important process.
I think the ability to do your own thing and not give too much attention to what others care about is a wonderful thing to have.
Very wise consideration that you have to live your life in a well balanced way, it doesn't make sense to work 12 hours per day, 7 days a week and then think: one day, I'll just have enough money and I'll just stop working all together... I've known several like that who then died from a hearth attack only weeks after they quit. Suicides also, probably because too much of their identity was in their work, a senseless way to live...
I also think when you say you'll retire at 40, you mean you'll focus on this channel, and let the job you do today slowly subside... active retirement...
Girl, you are wise beyond your years. You truly have your sh*t together. I agree with everything you had to say. Your sense of humor always makes my day🤣 You make my world a happier place ! Thanks Nicole 😊
On that dog comment. Amen sister. We have a 2 year old pitbull. He was stray in really bad shape. Tragically underweight, hair loss, wounds. We had him a week & he got really sick. We went to emergency vet & he spent a week in ICU. $10,000 & A year later. He is the best dog. We are also 100% debt free, with an emergency fund & mutiole sinking funds. So that $10,000 vet bill was just an inconvenience. Many people we know said theyd never spend that on a dog. The ER vet even recommended euthanasia. We live on my husbands salary & save mine. We are getting rid of many items in the house & going minimalist. If your dog is happy & has a good quality of life you keep spending an arm & a leg as long as you can afford it.
I’ve also rescued 2 dogs and they are the best!
Debt is the big thing in most people’s life that prevents them from spending their money on the things they want. Getting rid of credit cards and not having student loans, nor car payments frees up your money to both save/invest it and spend a portion of it. The rich life foe me? Living in a house I own, with low monthly mortgage payments, in an area that is not very crowded, near nature where I can walk, ride a bike, or just sit and watch the birds. Having family and friends around is important too. Having music, piano, in my life. A few nature based vacations is good too, like renting a cabin in a state park for a few days. I no longer have to work but being engaged in my community in some way also adds to a rich life.
I love your videos, Nicole. Shame on the people who tell you to get rid of your dog.
Long story but I moved into my apartment with very little. After a year I got a couch more or less given away and I so enjoyed that couch after no couch. Then I got a small carpet, it felt like luxury to walk on a carpet with bare feet
Yessss, what you said and indeed to everyone who says you should get rid of your dog.
My splurge is Ralph Lauren RRL jeans. They are well made and I like how they're cut.
I totally agree with every word, i know a famous TH-camr in frugal comunety who says she's a millioner yet she competes with the homeless for empty cans and advice her viewers to do that !! I really don't know what type of life this is .
I know her too....her life looks difficult to me.
There are some weird people out there. When I made a video about saving money while grocery shopping I got comments from people telling me I should dumpster dive or go to food banks. 🤦🏼♀️
Like just because I don’t like to be wasteful doesn’t mean I’m destitute ffs.
I swear that some people hoard money the way others hoard trash. It’s a mental illness in either case.
I thought I knew them all! Who is this you tuber I dont know about?