First, you are NOT a dim bulb! You have learned a lot from your mistakes and by educating yourself on financial matters. You are now sharing that knowledge and wisdom in a very easy to understand way. You are down earth which makes you and your message very relatable to "regular" people, meaning those of us who are not financial gurus and don't have a lot of money. So, I would say to you a dim bulb would not be capable of learning these lessons and sharing them in a way that anyone can understand. You have a gift for that. One thing that I have been increasingly applying to my life is asking the question, " does this add value to my life? ". This approach helps me make better decisions in general, and especially in the area of finances. Your videos definitely add value to my life so thank you for putting out this content. Keep up the great work!
100yrs ago,when I was young,and thinking about how people view ‘value’ I decided when asked to have them look @ prices from a different perspective. Most people are aware of current prices paid for things and use that as a comparison of value but if you see the price and double it that is the true amount you must earn to actually buy it. A car selling for $40,000 requires you to make $80,000 before taxes=do you really think it’s worth it? To this day I still double the price of everything I look at. Why did I choose to offer that advise,because we are dealing with right/left brain psychology. For your thoughts to shift from right(emotional response) to left(logical response) requires a pause. The simple process of doubling the price creates that necessary pause.
I so relate my story is similar to yours, i had a great high paying job and left it to have more time, took a 50% pay cut, an amazingly i am saving so much more now when I'm making half what I used to
thank you sm, im gen z living in the most expensive city in the US making minimum wage...ur content has helped me form a healthy mindset about money at such a young age. I dont make much but i still manage to have savings due to what I prioritize. This is so important these days of global inflation.
Preach bro preach, love it as always. These are the truths that separate the wealthy and the poor. You have a wonderful way of verbalizing these simple but hidden keys to success.
Totally agree with everything you’re saying! It feels like more people are getting stuck in the paycheck-to-paycheck cycle. Social media definitely adds a lot of pressure too, it always looks like everyone’s thriving, but that’s just one side of the story.
Glad to hear you are becoming so financially literate. Especially with the idea of investing. You're going to be doing great a handful of years from now. At the start of 2019 I started dedicating most of my paychecks towards investing and it has grown to be something I really enjoy doing. Now my dividends have grown to be enough to pay most of my monthly bills and that security is priceless. Cheers brother.
I started out with The Richest Man In Babylon by George S. Clauson it's an audiobook here on TH-cam. I listened to it over and over. Now, I'm debt free, I own my home and vehicle, I have two streams of passive income, And I'm building a third. It took time and determination, But it's possible.
My daughter and I live together and share expenses. This year my car basically died, it was going to need $4500 in repairs and we did purchase a two year old car with my daughter being locked in expensive payments. However, a reliable vehicle is absolutely necessary where we live for commuting as there is no effective public transportation and Uber is expensive. Plus we feel more secure as two single females. She will be refinancing in 2025 and will be able to greatly reduce the payments. It's not ideal but I got tired of always draining my savings to fix my old clunker. It definitely didn't save me any money and in fact almost got me fired once due to breaking down and causing me to be late. 😅 But in general, I encounter a lot of people buying stuff they don't need. I'm disabled and not allowed to work at all, so my situation is especially challenging. But I buy things to resell and make a nice profit doing that. And when I want or need something, I try to get it used if I can. Or if it's shampoo or other necessities, I buy on sale or with coupons.... Love your videos, Thank you!🙏
We also get quite new cars e.g. demonstration cars from dealerships and drive them until repairs get too expensive. So I can understand that, and if you can fit the payments in your budget, that works. I just hope you weren't persuaded to get a more expensive car than necessary and a long duration to make the payments look ok. Compared to his example in the video, we don't lease or finance the car. On the other hand, we need to set the budget to save money for the next car, even if that's (fingers crossed) several years in the future.
I started watching your videos because of my interest in minimalism, but have gotten more interested in the finance side of these videos after you mentioned financial literacy. Do you have any authors you would recommend, other than jocko willink and robert kiyosaki who I've already read from, that would help me begin improving my financial literacy?
Been saying this for so long. People complaining about being paycheck to paycheck but have brand new cars (1500$ down and at 8%+ apr’s and 6-8 year amortization) and eat out all the time and have no idea about investing etc. people are just overall dumb
This is the realest discussion. I love the way you laid it out.
First, you are NOT a dim bulb! You have learned a lot from your mistakes and by educating yourself on financial matters. You are now sharing that knowledge and wisdom in a very easy to understand way. You are down earth which makes you and your message very relatable to "regular" people, meaning those of us who are not financial gurus and don't have a lot of money. So, I would say to you a dim bulb would not be capable of learning these lessons and sharing them in a way that anyone can understand. You have a gift for that. One thing that I have been increasingly applying to my life is asking the question, " does this add value to my life? ". This approach helps me make better decisions in general, and especially in the area of finances. Your videos definitely add value to my life so thank you for putting out this content. Keep up the great work!
Thank you for your kind words! I think you're absolutely wise and I appreciate you sharing it!
100yrs ago,when I was young,and thinking about how people view ‘value’ I decided when asked to have them look @ prices from a different perspective. Most people are aware of current prices paid for things and use that as a comparison of value but if you see the price and double it that is the true amount you must earn to actually buy it. A car selling for $40,000 requires you to make $80,000 before taxes=do you really think it’s worth it? To this day I still double the price of everything I look at.
Why did I choose to offer that advise,because we are dealing with right/left brain psychology. For your thoughts to shift from right(emotional response) to left(logical response) requires a pause. The simple process of doubling the price creates that necessary pause.
I so relate my story is similar to yours, i had a great high paying job and left it to have more time, took a 50% pay cut, an amazingly i am saving so much more now when I'm making half what I used to
thank you sm, im gen z living in the most expensive city in the US making minimum wage...ur content has helped me form a healthy mindset about money at such a young age. I dont make much but i still manage to have savings due to what I prioritize. This is so important these days of global inflation.
Preach bro preach, love it as always. These are the truths that separate the wealthy and the poor. You have a wonderful way of verbalizing these simple but hidden keys to success.
Thanks so much man!
Totally agree with everything you’re saying! It feels like more people are getting stuck in the paycheck-to-paycheck cycle. Social media definitely adds a lot of pressure too, it always looks like everyone’s thriving, but that’s just one side of the story.
Thank you for commenting! So many people get stuck with SM I agree
Great content. Thanks for sharing.
Glad to hear you are becoming so financially literate. Especially with the idea of investing. You're going to be doing great a handful of years from now.
At the start of 2019 I started dedicating most of my paychecks towards investing and it has grown to be something I really enjoy doing. Now my dividends have grown to be enough to pay most of my monthly bills and that security is priceless. Cheers brother.
Thank you for your video
Yet another banger! Awesome and useful video. Also, I’ve been loving the newsletter very insightful 🤓💪🏼
Always appreciate it Julia!! 🙏🏽
This was EXACTLY what i needed man. Thanks for all you do.
I started out with The Richest Man In Babylon by George S. Clauson it's an audiobook here on TH-cam. I listened to it over and over. Now, I'm debt free, I own my home and vehicle, I have two streams of passive income, And I'm building a third.
It took time and determination, But it's possible.
My daughter and I live together and share expenses. This year my car basically died, it was going to need $4500 in repairs and we did purchase a two year old car with my daughter being locked in expensive payments. However, a reliable vehicle is absolutely necessary where we live for commuting as there is no effective public transportation and Uber is expensive. Plus we feel more secure as two single females. She will be refinancing in 2025 and will be able to greatly reduce the payments. It's not ideal but I got tired of always draining my savings to fix my old clunker. It definitely didn't save me any money and in fact almost got me fired once due to breaking down and causing me to be late. 😅 But in general, I encounter a lot of people buying stuff they don't need. I'm disabled and not allowed to work at all, so my situation is especially challenging. But I buy things to resell and make a nice profit doing that. And when I want or need something, I try to get it used if I can. Or if it's shampoo or other necessities, I buy on sale or with coupons....
Love your videos, Thank you!🙏
We also get quite new cars e.g. demonstration cars from dealerships and drive them until repairs get too expensive. So I can understand that, and if you can fit the payments in your budget, that works. I just hope you weren't persuaded to get a more expensive car than necessary and a long duration to make the payments look ok.
Compared to his example in the video, we don't lease or finance the car. On the other hand, we need to set the budget to save money for the next car, even if that's (fingers crossed) several years in the future.
I love that bricks explanation I , I appreciate it!
I started watching your videos because of my interest in minimalism, but have gotten more interested in the finance side of these videos after you mentioned financial literacy. Do you have any authors you would recommend, other than jocko willink and robert kiyosaki who I've already read from, that would help me begin improving my financial literacy?
I will watch soon, it is possible to live on less .. when one has more $$, one often wastes it !
I really like ur accent ❤
Me too 😊
Been saying this for so long. People complaining about being paycheck to paycheck but have brand new cars (1500$ down and at 8%+ apr’s and 6-8 year amortization) and eat out all the time and have no idea about investing etc. people are just overall dumb
I appreciate the comment! What would you try to pass on to people then? I feel like most people just don't know
I want to start my journey on frugal living but it seems like my family just isn't ready for it. Any advice would be greatly appreciated.
It is the economy he must be a Democrat. I guarantee you on well off compared to what you have.😂😂😂😂