Thank you for this video, very empowering! I never had a CCard because I like to live in the moment with my money. I always rented a studio for myself, bought cars, yes it's possible to live without it. I never borough money, never had debts. I'm a minimalist, very self-sufficient and I live a simple, peaceful, beautiful lifestyle. 💖
People either have no concept of, or refuse to admit, that they can live with fewer wants. My husband and I paid off $145k in debt, on a gross yearly income that started at $42k and went to $52k, in 6.5 years (final pay-off was November of 2021). And that was with bringing two children into the world. I have actually had people online call me a “liar” 🙄. We made the choice to have a stay-at-home mother - so to gain that, we had to give up other stuff. And we did - we gave up a second car for over three years, I gave up a smartphone, we gave up going out to eat, buying new clothing, vacations... the list goes on. We paid off all our debt, then bought a home - and we are on target to pay that off within 5 years of purchase. People will sometimes get really angry about it, because they don’t want to admit that they don’t need to buy most of the things they do.
Wow what a fantastic story and amazing example of perseverance to bring to the world. Congratulations! Yes it is absolutely about sacrifice and delaying “wants” but when you do this you step out of victimhood and take back your personal power. Good for you that is awesome! I hope a lot of people can hear your story ⚡️⚡️
I love your channel. I think somehow the universe led me to your channel. You with your mindset are helping me with different issues you talk here. I have already started decluttering for a while ago then I find you channel. then you helped med to declutter even more. The other day I told myself I should paying cash for everything and now you are confirming it. I just love your healthy minset. I agree Money is a tool to take care of the essential needs (food , shelter, cloth, medical care). The saying goes "it dosen't matter how much you make what matters what you do with what you make. Looking for more posts from you.
Thank you so much and welcome to the fam! 💜 Glad to hear you are evolving your choices to be in alignment with what your heart wants, and I love that quote! I also agree, the universe is always guiding us 😊💛
I’m trying to do this for myself. It has been a rough life for me and I’m still in debt. I had a substance abusing husband and wound up a single mom from the time our kids were 8 and 13. No child support and had to work a LOT for us to get by. My kids are grown now, but the youngest two, twins still live at home and trying to get through college. I have medical debt, a fairly small amount of credit card debt and an awful student loan I’m trying to tackle. I’m hoping that as they are now working and paying for a lot of their own stuff I can get out from under all this. Your video here is motivating. I’m doing the Dave Ramsey snowball method.
Oh man you’ve been dealt a stiff hand. That is a lot to tackle, but if you are strong enough to survive an unhealthy marriage and raise two children on your own, then I think you are strong enough to pull through this- it will just take some time. Keep plugging away with Dave Ramsey’s methods, and give yourself credit for every victory along the way, no matter how small. I wish you well on this journey Zoey, you can do it!! ❤️🔥❤️🔥
After listening to you a few videos back a light bulb went off in my head. Even though I pay my credit card bill off every month there was still that shock at the large balance due every month. And all for what… points?! So after 5 decades I have decided to just use the debit card. Seems so simple and yet why didn’t I think of it until you pointed it out? Looking forward to NO credit card bill in my future. Many thanks.
Credit cards have much better protection against fraud than your debit card. It's much better to go with cash than a debit card as all it takes is for one person to steal your debit card number to drain your bank account. It basically boils down to the fact that banks don't have any financial incentive to deal with fraud claims unlike credit card companies, so by extension the credit card companies will proactively protect against fraud.
@Jack-yl7cc Ive had fraud on my debit card a few times and it was no problem- Wells Fargo took care of it immediately and replaced all my money the same day :)
I just found your videos and I’m binge watching them all! Love your take on finances, I am/ was the same way when I was in my 20s I refused to get a cc and paid my car loan off in 2 years. But I have put myself in debt because of having kids and I fell back into my horrible spending habits! I’m working on changing that this year and my goal is to pay off my cc and car loan, while trying to travel. Thank you for making such awesome videos! Love your channel ❤️
Welcome to the fam!! And it’s easy to fall into old habits- especially when there are kids to take care of! Sounds like you have a good head on your shoulders though so just keep holding the intention and you will get there! 💜💜
Thank you ❤ This is the third time I’ve listened to this video. I now live this way on my own and feel very proud. I feel internal power and strength knowing I am in charge of my money and my future. I came from a marriage that money was all the focus, it was never enough and the fight to get more. We kept falling into deeper debt, but he always promised more was coming just around the corner. He was always sure to spend every cent on my CC. It never happened and left us in a terrible way for many years, barely able to buy food freely. He left me to pay the debt but I learned a valuable lesson , never to happen to me again.
9:00-9:02 🎯 you don't even realize how true this statement is. I became interested in stocks many years ago, and stumbled upon a small book that I bought, named "Put your money where your morals are" and the author went deep into some of the major stock companies and how incredibly corrupt and dirty the owners of those companies are, if you really do your research and trace them down to who is REALLY in charge of the companies. It was quiet shocking and did kind of kill that excitement and interest in stocks for me. I'm sure there are good companies out there, but those don't give quiet the same return on investment as the big oil companies and tech companies. When he talked about the oil companies and how incredibly lucrative the money is if you know which to buy, he mentioned that they all essentially can be traced to Saudi Arabia and the men in charge of them are also huge players in the human trafficking and sex slavery of woman. And us simple and naive folk who just want some sort of retirement funds don't usually dig DEEP into what they invest, and don't even know where that money ends up.
I believe owning real estate and renting it out is the better option if you want something that you don't have to worry about your money ending up in dirty hands of corrupt CEOs, and it does give you a sense of "helping others" by giving others a roof to sleep under. Just my thought. You should read Robert Kiyosaki's books!
Great advice and refreshingly bold opinions. Each video I watch of yours the more excited I get on how much we align. I have always felt investing in the stock market is like going to a casino. Its a game slanted against you to make some rich guy more money. (by the way stay out of casinos!) My husband and I are very old fashioned with money, we own a house and a car with zero debt. We neither one have ever had credit cards, so it is possible it just takes a lot of sacrifice. One of the keys to our success has ALSO been choice of vehicle. Driving a 30 year old beater car. It works so who cares. The hardest thing is not comparing your "things" with the others around you. (Easier said than done, but true) Its not that they have more money than you necessarily, they are just spending more.
@@Exploravore Just wanted to say- subscribed! If you are posting girl, I'm watching! No pressure tho don't let the tubez take over your life!! haha. My theme song has always been Draggin' the Line by Tommy James. I dedicate this song now to you!
Thank you 🙏🏻 Yes I think with every choice in life there are opportunity costs- we just have to be mindful of the right healthy balance for ourselves 🌟
I love this. I never thought I would find anyone who thought the same way on investing. I had a large sun of money gifted to me a few years ago. I put it in my bank account and thought nothing of it. The next time I took money out of the bank the teller got a concerned look on her face and told me I shouldn't keep the money in a checking account, I should invest it. I thanked her but told her I felt secure with it the way it was. Funny how everyone wants to tell you the "right" thing to do with your money.
Yeah, they think it is one size fits all as far as money is concerned. I agree with Dave Ramsey on how to get out of debt but I'm not with him on the investment advice because his is a one-size-fits-all strategy.
Great video! I feel exactly the same about the stock market. Don't want be part of that. I do have a credit card, but just for flight tickets, concert tickets, etc. because it's easier to handle. Maybe I should try that without, and get rid of it. Pay it off at the end of the month. Pay cash wherever possible.
If the CC card truly doesn’t bother you than that’s cool! I’m just presenting an alternative to the narrative that you “have to have one”. Maybe you could try stowing it away for a month or two and not using it, and seeing how that feels?
Thank you for your consistency. I’ve had a credit card since high school and I pay usually in full before the due date. I have a great score even though I let someone use my credit and it got a bit messed up. I recommend not letting someone who is had with money using your credit. I thought you needed a credit for an apartment or a co signer! It’s awesome you don’t have one and you can still rent
Yup that is a fun myth to bust :) And you can actually even buy a home without credit, as long as you have enough cash in the bank (you can do a legal process called underwriting to do this.) Dave Ramsey talks about this. You need to do a larger down payment, but this is better anyway because you will save on interest, and it keeps things more realistic as to what you actually can afford.
very inspiring lifestyle! from my perspective this myth of the american dream was always so absurd and sad to me, the bigger the better, really? you seem to live the real american dream, you gained spiritual and emotional freedeom and this is actually priceless. big respect for your spiritual maturity!!!
I just found your channel and I love all of your content! We are currently paying off all our debt (again). Life kicked us in the teeth last year but having done it once we know it’s doable. You may have convinced me to get rid of the credit card. I have just bought into the credit score lie for so long that it makes me nervous to not have one.
Welcome to the family here Lindsay! 🩵🩵 Good luck with paying off your debt but that’s great you have done it before and know it’s possible so you can tackle it head on… And yes the CC indoctrination is strong, but if you feel the pull to let it go then lean in!
Thank you for making this video! I'm from Argentina where inflation eats you alive, it keeps increasing in huge percentages so paying off debt seems impossible but I'm trying my best. Hope you're doing well! ♡
Angus Deaton and Daniel Kahneman: 'High income improves evaluation of life but not emotional well-being' In 2010 the amount waas $75k, but I think it's gone up somewhat since then
And yet, high income is far less stressing than low income and worrying if you will have a roof over your head or be able to eat. Many wealthy people I've listened to have confirmed this. Wealthy doesn't always mean happy, but it does mean much less stress about the daily needs and bills.
@jklfds85 For sure, which is why I recommend “the sweet spot”. I am absolutely not recommending low income/poverty- that is a horribly stressful place to be in.
While I agree with everything you say, when I moved to Canada I couldn’t set anything up without a credit card. I bought a car cash but couldn’t set up allot of things without proof I could pay/ a credit score which I didn’t have. I had to get someone to co-sign for me.
I’ve done what you do in the past, not even a bank account. I also worked two jobs to pay off my student loans long ago. Now I play the money game a bit but could walk away tomorrow if I chose and still be several months money up. Credit card interest is the worst, for sure. I use one for automatic payments and pay it off every month.
I needed this. I'm so in debt with credit cards (I have two). Now, I'm trying to snowball the heck out of it... 😬😩 But I still try to add a little bit to savings, but it's still low. Even people in the 40s have debt guilt. But that's why I'm learning about minimalism and seeing if it will help me on my anxiety over me being in debt. Also, I want to see if it helps me with my anxiety period.
It definitely helped alleviate A LOT of my anxiety. Take your debt one step at a time and you will get there. Really cutting back on spending outside of the essentials can help a lot!
@@Exploravore Do you recommend putting money in savings while paying off debt? I have one car payment - paying it off with extra principal payments. But I'd like to add to savings too. Focus on one? both? Your video helped me realize I need to go back to keeping around me only the things I need and use and simplify my finances.
@labecksf I think it’s definitely a good idea to have an “emergency” fund in savings for life things that eventually come up so you don’t get in trouble. A couple thousand or what feels right to you. Then when you have that, pour everything into attacking your debt. Because as long as you have debt, you really don’t actually have money (think about that…). Then when your debt is paid off, can aggressively start adding to your savings :)
Thanks for simplifying this. I was way over thinking it. This I can handle. I have the emergency fund. I can now pour it all into my car payment. and principal. I like your idea of saving up and putting a chunk towards the principal. I also have a sneak attack on it as well. If there's $20 or $40 I won't miss before the next paycheck, I'll make a principal payment on the car loan. I figure every little bit helps. @@Exploravore
I am 24 with ~$770k of debt (married 55 year old woman at 18, she passed away, I took on her ex-husband's debt... bad choice). I hold the gun to my head every night because the stress eats me away. Your videos displaying your lifestyle calms me, thank you.
@@Exploravore I actually am leaving the country very soon. I enlisted for as a volunteer fighter for Ukraine (not for political reasons, but because it's a ticket out of the usa) and don't plan to come back
Cash is king! Please don't use a debit card as there are just too many ways to have that number compromised which can result in your bank account being drained.
i have one credit card. my family have upwards of 5+ cards with several thousand dollar limit. it stressed me out to the point to where i developed ibs trying to work to pay off debt for shit i didn't need. i used to be a maximalist and spent several thousand dollars on bullshit every month. i gave up on all that shit, decluttered my life and my mind. i focus on enjoying nature and fixing things instead of focusing on the next new thing. i firmly believe money is the root of all evil. i lowered my credit card from 1000 dollars to 500 and i havent looked back. fuck consumerism. fuck our economy. i prefer to enjoy nature, growing things riding a bike and learning new skills like making things with my own hands. it makes me much more grateful for the things i have and less anxious to get the newest thing. i now enjoy a minimalist life. its truly makes my heart happy
@@Exploravore so true! I’ve found my self struggling with a very important issue that you’ve made a video about and I’m afraid that it will cause my current relationship to break. Do you have any advice about someone thinking about not starting a family? If so if there a platform I could message you privately on?
@keylalopez5846 All I can say to that is it is absolutely IMPERATIVE that there is full open and honest communication from both partners, and clarity of what your desires are. As I said in my video, you would never want to take away someone’s dream of having a child, but you absolutely do not want to force someone into being a parent who does not want to be. The results for this are devastating. Leaving a relationship can be brutal, but compromising on this is worse.
I could see you saving partially in bitcoin later haha. It's money that you and only you have access to (if you store it properly)! essentially becoming your own bank. Think of it like cabin/off-grid money xD.
I think the scale of happiness has increased with inflation to £80,000 [$100,000]. I currently sit at £16,800 a year as a solo mum not working, and with my low rent thanks to the council house system, feel like £2,000 a month [providing I stay in the flat I am in] after tax, would be my sweet spot. So even the £80,000 happiness scale, is still relative, depending on what you value. So for some people, they are even happier at like £50,000.
For sure the number has gone up, and will absolutely depend on different household needs such as children or medical expenses etc. It’s not meant to be an exact figure, it’s more just to illustrate that after all bills are paid, expenses and needs met, and healthy leftover cushion for emergencies or fun things, the endless pursuit of “more” really doesn’t equate to more happiness: there is a law of diminishing returns.
You can do this!!! Tackle the one with the highest interest rate first. Save big chunks and attack the principal. Be frugal with your purchases and prioritize your freedom. You’ve got this girl 🔥 And I would add, cut your credit card. You don’t need it. Take away the temptation to accumulate more debt 🌟
Hey just found your channel and I align with many of your values. The dollar itself is a fugazie. It is not real money. There is nothing backing the dollar so politicians can spend at will. To preserve your wealth please look into money like commodities gold/silver. Very hard times ahead. The real Bitcoin will save the world.
Thank you for that thought. I’m even more old school- the idea of “wealth” being in gold and silver is just as fugazie. Food, water, natural resources and love- these are the only things of true value
@@Exploravore yes those things have value but are difficult to store what you need for long periods of time. That is why civilization requires a money so we can specialize and do our own thing. Precious metals are a natural resource useful for many applications and used as money since the beginning of time. The point is fiat currency will eventually be worth nothing ie: hyperinflation.
@Austin10 agreed that is why my ultimate hope is to build an off grid home, grow as much as my own food as possible, and be as far out of the system as possible. Yes this is a much more difficult way to live but I believe we have lost touch in our humanity and connection to nature in the endless pursuit of “easy”..
What? I hope you are investing in your 401k or IRA... In the stock market. It's for your future. It's not stressful. Just invest in a good ETF. Set it and forget it. Your older self will thank you.
Thank you for this video, very empowering! I never had a CCard because I like to live in the moment with my money. I always rented a studio for myself, bought cars, yes it's possible to live without it. I never borough money, never had debts. I'm a minimalist, very self-sufficient and I live a simple, peaceful, beautiful lifestyle. 💖
That is awesome to hear! Glad you are spreading the peaceful vibes out there my friend 💛
@@Exploravore Thank. you 💖
People either have no concept of, or refuse to admit, that they can live with fewer wants. My husband and I paid off $145k in debt, on a gross yearly income that started at $42k and went to $52k, in 6.5 years (final pay-off was November of 2021). And that was with bringing two children into the world. I have actually had people online call me a “liar” 🙄. We made the choice to have a stay-at-home mother - so to gain that, we had to give up other stuff. And we did - we gave up a second car for over three years, I gave up a smartphone, we gave up going out to eat, buying new clothing, vacations... the list goes on. We paid off all our debt, then bought a home - and we are on target to pay that off within 5 years of purchase. People will sometimes get really angry about it, because they don’t want to admit that they don’t need to buy most of the things they do.
Wow what a fantastic story and amazing example of perseverance to bring to the world. Congratulations! Yes it is absolutely about sacrifice and delaying “wants” but when you do this you step out of victimhood and take back your personal power. Good for you that is awesome! I hope a lot of people can hear your story ⚡️⚡️
Indeed 🎉
I’ve been a financial advisor for 18 years and I love this video ❤
Thank you Frank!
Love this simple old fashion way with money! Love Dave Ramsey too!
He’s the best! Like a big Southern teddy bear with tough love 😁
I love your channel. I think somehow the universe led me to your channel. You with your mindset are helping me with different issues you talk here. I have already started decluttering for a while ago then I find you channel. then you helped med to declutter even more. The other day I told myself I should paying cash for everything and now you are confirming it. I just love your healthy minset.
I agree Money is a tool to take care of the essential needs (food , shelter, cloth, medical care). The saying goes "it dosen't matter how much you make what matters what you do with what you make.
Looking for more posts from you.
Thank you so much and welcome to the fam! 💜 Glad to hear you are evolving your choices to be in alignment with what your heart wants, and I love that quote! I also agree, the universe is always guiding us 😊💛
I’m trying to do this for myself. It has been a rough life for me and I’m still in debt. I had a substance abusing husband and wound up a single mom from the time our kids were 8 and 13. No child support and had to work a LOT for us to get by. My kids are grown now, but the youngest two, twins still live at home and trying to get through college. I have medical debt, a fairly small amount of credit card debt and an awful student loan I’m trying to tackle. I’m hoping that as they are now working and paying for a lot of their own stuff I can get out from under all this. Your video here is motivating. I’m doing the Dave Ramsey snowball method.
Oh man you’ve been dealt a stiff hand. That is a lot to tackle, but if you are strong enough to survive an unhealthy marriage and raise two children on your own, then I think you are strong enough to pull through this- it will just take some time. Keep plugging away with Dave Ramsey’s methods, and give yourself credit for every victory along the way, no matter how small. I wish you well on this journey Zoey, you can do it!! ❤️🔥❤️🔥
@@Exploravorethank you ❤
After listening to you a few videos back a light bulb went off in my head. Even though I pay my credit card bill off every month there was still that shock at the large balance due every month. And all for what… points?! So after 5 decades I have decided to just use the debit card. Seems so simple and yet why didn’t I think of it until you pointed it out? Looking forward to NO credit card bill in my future. Many thanks.
HELL YES!!! Cut that card and taste freedom ❤️🔥
Credit cards have much better protection against fraud than your debit card. It's much better to go with cash than a debit card as all it takes is for one person to steal your debit card number to drain your bank account. It basically boils down to the fact that banks don't have any financial incentive to deal with fraud claims unlike credit card companies, so by extension the credit card companies will proactively protect against fraud.
@Jack-yl7cc Ive had fraud on my debit card a few times and it was no problem- Wells Fargo took care of it immediately and replaced all my money the same day :)
Love! Nature! Connection! Doing something you’re passionate about is priceless. 🎊🎉
And being of service.. forgot to mention that one in the vid ;)
Sound financial reasoning right here! Thank you!👍✅💯
I just found your videos and I’m binge watching them all! Love your take on finances, I am/ was the same way when I was in my 20s I refused to get a cc and paid my car loan off in 2 years. But I have put myself in debt because of having kids and I fell back into my horrible spending habits! I’m working on changing that this year and my goal is to pay off my cc and car loan, while trying to travel. Thank you for making such awesome videos! Love your channel ❤️
Welcome to the fam!! And it’s easy to fall into old habits- especially when there are kids to take care of! Sounds like you have a good head on your shoulders though so just keep holding the intention and you will get there! 💜💜
Hi, just newly subscribed yesterday and I am binge watching. Great video!
Hello Amanda!! Welcome to the fam 😊💜
Some people we where just meant to find and you are one of them 👌🏾
So true!
Awe! 🥹
Thank you ❤
This is the third time I’ve listened to this video. I now live this way on my own and feel very proud. I feel internal power and strength knowing I am in charge of my money and my future.
I came from a marriage that money was all the focus, it was never enough and the fight to get more. We kept falling into deeper debt, but he always promised more was coming just around the corner. He was always sure to spend every cent on my CC. It never happened and left us in a terrible way for many years, barely able to buy food freely. He left me to pay the debt but I learned a valuable lesson , never to happen to me again.
Oy that sounds like a really tough situation- lessons for sure. I’m glad you are stronger on the other side of this ❤️
9:00-9:02 🎯 you don't even realize how true this statement is. I became interested in stocks many years ago, and stumbled upon a small book that I bought, named "Put your money where your morals are" and the author went deep into some of the major stock companies and how incredibly corrupt and dirty the owners of those companies are, if you really do your research and trace them down to who is REALLY in charge of the companies. It was quiet shocking and did kind of kill that excitement and interest in stocks for me. I'm sure there are good companies out there, but those don't give quiet the same return on investment as the big oil companies and tech companies. When he talked about the oil companies and how incredibly lucrative the money is if you know which to buy, he mentioned that they all essentially can be traced to Saudi Arabia and the men in charge of them are also huge players in the human trafficking and sex slavery of woman. And us simple and naive folk who just want some sort of retirement funds don't usually dig DEEP into what they invest, and don't even know where that money ends up.
I believe owning real estate and renting it out is the better option if you want something that you don't have to worry about your money ending up in dirty hands of corrupt CEOs, and it does give you a sense of "helping others" by giving others a roof to sleep under. Just my thought. You should read Robert Kiyosaki's books!
Oof yes. It’s not that power is inherently corrupt, but it absolutely attracts the corruptible 😕
Yes that’s definitely a good option for some people! I still would not want to deal with that though 😆
I’ll check that author out!
Great video especially about the stock market being dirty money aka unethical money. So true.
Great advice and refreshingly bold opinions. Each video I watch of yours the more excited I get on how much we align. I have always felt investing in the stock market is like going to a casino. Its a game slanted against you to make some rich guy more money. (by the way stay out of casinos!) My husband and I are very old fashioned with money, we own a house and a car with zero debt. We neither one have ever had credit cards, so it is possible it just takes a lot of sacrifice. One of the keys to our success has ALSO been choice of vehicle. Driving a 30 year old beater car. It works so who cares. The hardest thing is not comparing your "things" with the others around you. (Easier said than done, but true) Its not that they have more money than you necessarily, they are just spending more.
Very well stated Lauren and so glad you and your partner are thriving outside of “the system” 🔥🔥
@@Exploravore Just wanted to say- subscribed! If you are posting girl, I'm watching! No pressure tho don't let the tubez take over your life!! haha. My theme song has always been Draggin' the Line by Tommy James. I dedicate this song now to you!
@laurenoehme5751 Thank you ☺️ And happy to be here connecting 💖💖 Will be posting as much as I can 🔥🔥
I agree with all you are saying.
love this. thanks for sharing
Great video, valid points you made here.
Thank you!
Inspiring words! Be blessed and stay healthy
Thank you blessings to you as well 🩵🩵
I like your channel because you are direct and honest. I invest. Still, I can confirm that there is a "cost" in investing as you have mentioned.
Thank you 🙏🏻 Yes I think with every choice in life there are opportunity costs- we just have to be mindful of the right healthy balance for ourselves 🌟
You are AWESOME!!! Your videos make my day!!!
Awe thank you so much Kate!!! 🤗💜✨
Interesting 🫶🏾
I love this. I never thought I would find anyone who thought the same way on investing. I had a large sun of money gifted to me a few years ago. I put it in my bank account and thought nothing of it. The next time I took money out of the bank the teller got a concerned look on her face and told me I shouldn't keep the money in a checking account, I should invest it. I thanked her but told her I felt secure with it the way it was. Funny how everyone wants to tell you the "right" thing to do with your money.
Man people get soooo triggered when you do something different than what they do 😄😄
Yeah, they think it is one size fits all as far as money is concerned. I agree with Dave Ramsey on how to get out of debt but I'm not with him on the investment advice because his is a one-size-fits-all strategy.
@markhines192 Yeah same here. The whole system just irks me
Preach!
Great video! I feel exactly the same about the stock market. Don't want be part of that. I do have a credit card, but just for flight tickets, concert tickets, etc. because it's easier to handle. Maybe I should try that without, and get rid of it. Pay it off at the end of the month.
Pay cash wherever possible.
If the CC card truly doesn’t bother you than that’s cool! I’m just presenting an alternative to the narrative that you “have to have one”. Maybe you could try stowing it away for a month or two and not using it, and seeing how that feels?
You are so inspiring ❤I’m so glad I found your channel xxx
Thank you and welcome to the family here! 💖
@@Exploravore 🥰
Well said!
Great video and great advices 👍
Thank you!
Thank you for your consistency. I’ve had a credit card since high school and I pay usually in full before the due date. I have a great score even though I let someone use my credit and it got a bit messed up. I recommend not letting someone who is had with money using your credit. I thought you needed a credit for an apartment or a co signer! It’s awesome you don’t have one and you can still rent
Yup that is a fun myth to bust :) And you can actually even buy a home without credit, as long as you have enough cash in the bank (you can do a legal process called underwriting to do this.) Dave Ramsey talks about this. You need to do a larger down payment, but this is better anyway because you will save on interest, and it keeps things more realistic as to what you actually can afford.
very inspiring lifestyle!
from my perspective this myth of the american dream was always so absurd and sad to me, the bigger the better, really?
you seem to live the real american dream, you gained spiritual and emotional freedeom and this is actually priceless.
big respect for your spiritual maturity!!!
Thank you for these words 🙏🏻✨🩵
Just discovered your channel and love it so much. So much great content while you present it in a very unique way! Thank you! 🙏🏼
Thank you Lisa and welcome to the tribe here! 😊🩵🌻
I just found your channel and I love all of your content! We are currently paying off all our debt (again). Life kicked us in the teeth last year but having done it once we know it’s doable. You may have convinced me to get rid of the credit card. I have just bought into the credit score lie for so long that it makes me nervous to not have one.
Welcome to the family here Lindsay! 🩵🩵 Good luck with paying off your debt but that’s great you have done it before and know it’s possible so you can tackle it head on… And yes the CC indoctrination is strong, but if you feel the pull to let it go then lean in!
Your awesome and this video helped a lot. ❤❤❤
Thank you and so glad it helped!! 💜
Thank you for making this video! I'm from Argentina where inflation eats you alive, it keeps increasing in huge percentages so paying off debt seems impossible but I'm trying my best. Hope you're doing well! ♡
Hello to Argentina!! And yes I have heard the inflation there is outrageous I am sorry 😓 But keep doing your best and you will get there 🙏🏻🩵
Thank you for a great video.....Debbie xo🌺
Thank you for watching Debbie!
Angus Deaton and Daniel Kahneman: 'High income improves evaluation of life but not emotional well-being'
In 2010 the amount waas $75k, but I think it's gone up somewhat since then
And yet, high income is far less stressing than low income and worrying if you will have a roof over your head or be able to eat. Many wealthy people I've listened to have confirmed this. Wealthy doesn't always mean happy, but it does mean much less stress about the daily needs and bills.
@jklfds85 For sure, which is why I recommend “the sweet spot”. I am absolutely not recommending low income/poverty- that is a horribly stressful place to be in.
While I agree with everything you say, when I moved to Canada I couldn’t set anything up without a credit card. I bought a car cash but couldn’t set up allot of things without proof I could pay/ a credit score which I didn’t have. I had to get someone to co-sign for me.
I’m sure every country has its own rules- I’m American so can only speak to life here
Mythical Unicorn Points - Exploravore
Oh how you make me laugh :)
😎
Same for me! No credit cards and no investing , it’s just to scary and risky to me plus stressful. 😅
Agreed! Sooo many other things I’d rather give my energy to :)
No credit, no problems 😊
I’ve done what you do in the past, not even a bank account. I also worked two jobs to pay off my student loans long ago. Now I play the money game a bit but could walk away tomorrow if I chose and still be several months money up. Credit card interest is the worst, for sure. I use one for automatic payments and pay it off every month.
Sounds like you have found a good balance that works for you :)
@@ExploravoreI could be more minimal, more essentialist but am mindful, at least.
Hi, how do u declured all ur stuff than u dont needed?
I have some things to friends, but most things I just donated to the Goodwill or Salvation Army :)
I needed this. I'm so in debt with credit cards (I have two). Now, I'm trying to snowball the heck out of it... 😬😩 But I still try to add a little bit to savings, but it's still low. Even people in the 40s have debt guilt. But that's why I'm learning about minimalism and seeing if it will help me on my anxiety over me being in debt. Also, I want to see if it helps me with my anxiety period.
It definitely helped alleviate A LOT of my anxiety. Take your debt one step at a time and you will get there. Really cutting back on spending outside of the essentials can help a lot!
@@Exploravore Do you recommend putting money in savings while paying off debt? I have one car payment - paying it off with extra principal payments. But I'd like to add to savings too. Focus on one? both? Your video helped me realize I need to go back to keeping around me only the things I need and use and simplify my finances.
@labecksf I think it’s definitely a good idea to have an “emergency” fund in savings for life things that eventually come up so you don’t get in trouble. A couple thousand or what feels right to you. Then when you have that, pour everything into attacking your debt. Because as long as you have debt, you really don’t actually have money (think about that…). Then when your debt is paid off, can aggressively start adding to your savings :)
Thanks for simplifying this. I was way over thinking it. This I can handle. I have the emergency fund. I can now pour it all into my car payment. and principal. I like your idea of saving up and putting a chunk towards the principal. I also have a sneak attack on it as well. If there's $20 or $40 I won't miss before the next paycheck, I'll make a principal payment on the car loan. I figure every little bit helps. @@Exploravore
I am 24 with ~$770k of debt (married 55 year old woman at 18, she passed away, I took on her ex-husband's debt... bad choice). I hold the gun to my head every night because the stress eats me away. Your videos displaying your lifestyle calms me, thank you.
What?
Omg, file bankruptsy!!
Oh my goodness yes I would definitely seek some legal council on this- that should not have to be your responsibility 😥
@@Exploravore I actually am leaving the country very soon. I enlisted for as a volunteer fighter for Ukraine (not for political reasons, but because it's a ticket out of the usa) and don't plan to come back
@@rachellebrown9830 unfortunately they are mostly student loans :( lots of cosigning. I can't bankrupt those debts
Cash is king! Please don't use a debit card as there are just too many ways to have that number compromised which can result in your bank account being drained.
See my other response below ;)
i have one credit card. my family have upwards of 5+ cards with several thousand dollar limit. it stressed me out to the point to where i developed ibs trying to work to pay off debt for shit i didn't need. i used to be a maximalist and spent several thousand dollars on bullshit every month. i gave up on all that shit, decluttered my life and my mind. i focus on enjoying nature and fixing things instead of focusing on the next new thing. i firmly believe money is the root of all evil. i lowered my credit card from 1000 dollars to 500 and i havent looked back. fuck consumerism. fuck our economy. i prefer to enjoy nature, growing things riding a bike and learning new skills like making things with my own hands. it makes me much more grateful for the things i have and less anxious to get the newest thing. i now enjoy a minimalist life. its truly makes my heart happy
That is wonderful to hear. I will always believe in the power of free choice in our economy, it’s just up to US to make better choices 🙏🏻
@@Exploravore so true! I’ve found my self struggling with a very important issue that you’ve made a video about and I’m afraid that it will cause my current relationship to break. Do you have any advice about someone thinking about not starting a family? If so if there a platform I could message you privately on?
@keylalopez5846 All I can say to that is it is absolutely IMPERATIVE that there is full open and honest communication from both partners, and clarity of what your desires are. As I said in my video, you would never want to take away someone’s dream of having a child, but you absolutely do not want to force someone into being a parent who does not want to be. The results for this are devastating. Leaving a relationship can be brutal, but compromising on this is worse.
@@Exploravore that’s so true! I greatly appreciate your advice and I love your videos ❤️ you’re such an inspiration 😊
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I could see you saving partially in bitcoin later haha. It's money that you and only you have access to (if you store it properly)! essentially becoming your own bank. Think of it like cabin/off-grid money xD.
I think the scale of happiness has increased with inflation to £80,000 [$100,000].
I currently sit at £16,800 a year as a solo mum not working, and with my low rent thanks to the council house system, feel like £2,000 a month [providing I stay in the flat I am in] after tax, would be my sweet spot. So even the £80,000 happiness scale, is still relative, depending on what you value. So for some people, they are even happier at like £50,000.
For sure the number has gone up, and will absolutely depend on different household needs such as children or medical expenses etc. It’s not meant to be an exact figure, it’s more just to illustrate that after all bills are paid, expenses and needs met, and healthy leftover cushion for emergencies or fun things, the endless pursuit of “more” really doesn’t equate to more happiness: there is a law of diminishing returns.
I will think about what you have said. I love being debt free!
Yay debt free! I will never go back
I have $25,000 in combined debt (mostly student loans and a credit card) and debt free is my GOAL!!
You can do this!!! Tackle the one with the highest interest rate first. Save big chunks and attack the principal. Be frugal with your purchases and prioritize your freedom. You’ve got this girl 🔥 And I would add, cut your credit card. You don’t need it. Take away the temptation to accumulate more debt 🌟
Credit cards are a godsend for indemnity insurance
I’ve had my debit card stolen 3 times and it was never a problem. My bank replaced all of the money immediately.
@@Exploravore Sorry, I meant on actual purchases that you make. It’s known as a section 75 claim in UK.
lol the irony that the ad break is a credit card ha!
Bah! The algo doesn’t know.. 😎
No CC's, no mortgage, no installments, no student loan.....no nothing.
No.Such.Thing.As.Free.Lunch!
Hey just found your channel and I align with many of your values. The dollar itself is a fugazie. It is not real money. There is nothing backing the dollar so politicians can spend at will. To preserve your wealth please look into money like commodities gold/silver. Very hard times ahead. The real Bitcoin will save the world.
Thank you for that thought. I’m even more old school- the idea of “wealth” being in gold and silver is just as fugazie. Food, water, natural resources and love- these are the only things of true value
@@Exploravore yes those things have value but are difficult to store what you need for long periods of time. That is why civilization requires a money so we can specialize and do our own thing. Precious metals are a natural resource useful for many applications and used as money since the beginning of time. The point is fiat currency will eventually be worth nothing ie: hyperinflation.
@Austin10 agreed that is why my ultimate hope is to build an off grid home, grow as much as my own food as possible, and be as far out of the system as possible. Yes this is a much more difficult way to live but I believe we have lost touch in our humanity and connection to nature in the endless pursuit of “easy”..
@@Exploravore: True that!💯✅👍
Slow down = non stop talking g
What? I hope you are investing in your 401k or IRA... In the stock market. It's for your future. It's not stressful. Just invest in a good ETF. Set it and forget it. Your older self will thank you.
A real minimalist would say all that in half of the time : )
Haha touché
It is really scary how much we are alike in financial areas. I too am a big Dave Ramsey fan!
People are waking up to see the cracks in the system 👀👀