The site REQUIRES your credit card number to access the free month. Unless you're ready to commit to pay 29 euros per month, FORGET ABOUT IT. The WORST financial advice is to give out your bank details all over the place because these schemes are impossible to cancel. What a scam. This is not a gift. It's a nightmare.
*Due to an accident of history, I was pretty well off in the 1980s. "Well Off" in this context means I was making around $160k in 1985, which is over $425k today, and I was (and still am) living in one of the lowest cost of living States, which was less than half of my original home in NYC.* *I realized fairly quickly that while I wasn't making any attempt to look any particular way, I was immediately spotted as "upper class" by public facing salespeople (like clothing, cars, etc.). This ended up costing me a small fortune, despite living in one of the cheapest places in the country! The giveaways were (I'm told) my watch, and my shoes. I didn't dress any differently than most of the people I knew, but my $10k watch (which was both a gift, and thin, black, and to me looked like a slightly upgraded Timex) was a dead giveaway. Same for my $400 shoes: I have huge (triple-E) feet, and being on my feet for most of every day, made me very interested in comfort. I found a pair of shoes at a store which was in the last stages of everything-must-go bankruptcy: because of the unusual size, they were just sitting there, with a $75 sticker on them. The **_instant_** they touched my feet I was **_sold!_** When I needed to replace them I discovered what they cost in the real world, and I was shocked! Sales people had been looking at those shoes and **_absolutely_** knew what they were worth, and acted accordingly.* *Only after I realized what was happening, and went out of my way to hide it, did my finances restore to what I was used to. I had been unintentionally advertising my "wealth", and it was adding around 30% to my daily life. After I went back to low end everything when I was shopping, did things improve. And the attitude of the people I was dealing with also went off the scale in friendlier attention. Totally worth it - HIGHLY recommended!*
No. Character determines emotional maturity, not wealth. If you possesed ennough knowledge, you'd know that is fact. It would be accurate if you stated that having no need to let others know you are wealthy *may* be a sign of emotional maturity. Again, that statement is true because CHARACTER determines this, not wealth. Some (not all) billionaires are the most emotionally immature, narcissistic, giant-raging-adult-toddlers you will ever meet. They are, in fact,so emotionally immature that they had to go to work for themselves because the lack the emotionaly intelligence to have a boss or even a board of directors they don't control like a puppet master. ...and yes, I worked for one billionaire who was the exact opposite of that. He was self-made, had a good moral compass, lived in the same small town where he grew up and went to college, acquired and sold many businesses he built up along the way, and although he had a good-sized private jet and a Jag X-12 way back in 1988 before those things became more widely known to be the true indication of generational wealth, he was a fairly humble man. He still works to this day, now owns and breeds race horses (as a hobby), and he's respected in his communnity but you will never, ever seen his name on any of the most wealthy individuals, despite being one of them.
@@le_th_ I’m talking about the wealth that last generations, this is the sort of wealth you hear about in conspiracy theories because it’s indistinguishable from the financial system itself. To preserve that wealth one must adopt the kingsman mindset of reputation is what others think of you, character is who you are.
@@le_th_ I don't think the original poster is saying that emotional maturity is determined by wealth. I think they're saying that how someone handles their wealth (or lack thereof) can be a strong indication of their level of emotional maturity and their character. A multi-millionaire who insists on displaying their wealth for recognition is just as emotionally immature as a poor person who blames everyone else for their predicament.
This is one of the biggest reasons I’m single. I haven’t found anyone who thinks this way. Being on the same page financially is crucial for a successful relationship.
It's common for people to first fall in love, and then develop a life strategy as you plan your future together. I wouldn't limit your search otions to only people who already have it figured out. You'd be limiting your options down to less than 1%.
@@nomadspiritvids In my case, I'd be lucky if I were compatible with 1%. The wrong partner could ruin my little financially stable world... ...I think I'd rather just deal with loneliness. :)
My youngest son bought me a fridge magnet when he was in elementary school, it said The most important things in life aren’t things. One of the best gifts I’ve ever gotten, it is still on my fridge and he is 45 years old. I pretty much live my life that way❤
I have a 2012 chevy cruze that's paid for with 80k miles. Hoping to drive it to 160k miles. I've had it for 8 years (I moved close to my job so I walk to work with has been great in preserving my car too). I started investing late but I think I'll be caught up soon!
Just ask Google is there any sawdust in flour.. and ask is there any sawdust in cereal.. and ask is there any sawdust in bread ? And ask if there is sawdust in the capsule that you are using for your medicine You will be shocked. Also Tide powdered sosp..saw dust..only eat food that could rot..like vegetables..fruit..
I have just learned that a cucumber a day not an Apple is what you need for optimum health and do not eat iceberg lettuce..It hasn't got nutrition .buy romaine lettuce for your eyes. Not carrots .ask an opthalmologist..BUY HEALTHY FOOD not expensive cars
Very right here. I have a net worth over $2.5 million yet I drive a car with 200k miles and live in a 3 bedroom home. I owe zero money and now loan others money for real estate investment. But people see me with my citizen watch and boring clothes and think I’m a struggling 40 something. Couldn’t be farther from the truth.
You didn't generalize, about many people who don't exhibit their wealth but still have it, you wrote about yourself, which appears pompous and egotistical. Instead of yachting or traveling with your great wealth, you're right here watching TH-cam videos and commenting like the common person. Great cover ! Yeah, right
No one cares about your net worth. You aren't being respected and that's an insult. You chose to live life like this and which is fine but don't think of it as an accomplishment. There's one thing that is more powerful than wealth and that's power, and you have none.
please note guys, he's mainly talking to the middle class citizens. if your poor as in you have to travel 3 hours via bus to go to work, more than likely you already live a minimalistic lifestyle not by choice.he's talking to those who have a decent income and live a decently comfortable life who probably aren't happy with their middle class life and buy bs to make themselves feel better, not that they need it.
" if your poor as in you have to travel 3 hours via bus to go to work, more than likely you already live a minimalistic lifestyle" I have yet to run into someone that is in that state that you describe, but those that I have known that claimed to be poor or never have enough money have ALWAYS had significant cash-flow leakage. Could be a smart phone and data plan. Could be highspeed internet at home, cable / sat TV, trying to live alone rather than roommates until they can get their act together. Beers with the guys a couple nights per week after work. Some smoked. Poor food purchasing habits, drive-thru lunch rather than brown bagging it. Being the first to clock out at the end of the day and the last one to volunteer for overtime when offered. And, lastly, not redirecting some of their in APP purchase dollars, smokes money, etc on ways to acquire skills or pay off debt for those that had it.
You have a point, but on another side there are those who don't make alot of money yet still make do, have no debt and are wise with the little they have. Alot of people are poorer because of the backwards priorities.
@@mjs28sI was that poor for a couple of months. Had to walk 2 hours to work every day and hope I could get a ride home from the manager. Only food I had was the employee meals from my job and all my money went to bills. Those people do exist and it’s important to recognize that they may not have or know of any resources for themselves. However I do agree with you that a lot of people could be spending their money more wisely. That time period showed me how little money I needed to get by though, which I do appreciate.
@@TheCharlieH There's a fine line, but generally speaking a clean hoodie and jeans that stay up, shoes that fit your feet, a recently trimmed neck...they all add up to someone who can afford soap and has a place to clean himself up. Also, the odor thing...u can lose a lot of 'points' for that. Def' no fan of Bill Gates, but I always admired his wardrobe...same as a lot of ne'er-do-wells, only cleaner. This is how the truly wealthy that I've met usually dress. They don't bother to try and impress.
Yeah for me it doesn't work. I make an effort to dress nicely and well groomed. I get better treatment, I even get a pass from racists and elitists because I look "proper".
We call it stealth wealth - you don't want to attract thieves. My daily dress includes a stained t-shirt and work pants with holes in them as I often am working on a project - house or classic sports car restorations. Though we saved millions and retired mid-fifties. I often look poorer than the contractors at the local hardware stores.
When I was younger, we had a family friend who was very wealthy-they owned around 20 cars. Despite their wealth, they were kind and down-to-earth, which is why they had friends like us. However, when we hung out with them, it felt uncomfortable. People treated them differently, assuming we were equally rich just because we were with them. This made me realize how challenging it must be for them to find true friends. Others would take advantage of their money, which was disheartening. Later, when I got a decent job and bought a new car, people started treating me differently too. They assumed I was living a happier life. Unfortunately, many approached me only to discuss material things, which left me feeling lonely. So, I intentionally simplified my life and dressed more modestly. Surprisingly, I found more genuine friends after that. 🌟
Where I live you can't fill your own tank at gas station and people that work there always seemed kind of distant and apathetic, these are usually low paying jobs and workers are generally from poor background. Then I bought a low cc motorcycle, which is a much more affordable vehicle, it's very noticeable the difference in treatment, they see you like equal and smile more and even start conversations ocasionally.
and the look and feel of old leather. Beautiful. 100% cotton sheets and shirts. Wool sweaters, brass zippers An old gold watch, a good quality belt. Lovely aroma when the sun hits any of these. Yes, u can smell old quality items.
I buy only quality items... second hand. I'm on an incredibly tight budget, but I have a fabulous wardrobe full of quality pieces, that cost me LESS than if I bought crap new at Walmart.
Looking homeless means you look unkept and likely coming off of a drug high or being passed out and probably pissed yourself. Looking plain or poor doesn't mean homeless.
I feel so satisfied sitting in my kitchen, caramelizing onions in a pot with my dog by my side and also drinking a beer. I imagine it’s the exact same shit my little Hungarian grandmother did when she was my age.
i used to love stuff. then everyone that loved me died. my spine fell apart. love and everyone's health are what matters. and God. thank you Lord. and thanks Gabe I always enjoy your vids.
Empowered by financial knowledge, I'm reclaiming my monetary destiny, eager to shatter the myth that six-figure gains are exclusive to elite investors, and determined to unlock the secrets of rapid wealth creation, one strategic investment at a time.
Breaking free from financial uncertainty, I've seized control of my investments, diversifying my portfolio with strategic ETF selections and savvy individual stock picks. Overcoming fear and doubt, I boldly reinvested $350,000 under expert guidance, yielding a remarkable 82% return last year, and now I'm poised to harness the power of long-term growth and compound interest to propel my wealth forward.
Diversifying your portfolio is crucial for managing risk and maximizing returns. By working with a financial advisor, I've been able to achieve significant growth, seeing my portfolio of $330k grow by 40% this year alone, maybe you should do the same.
I work with ‘Diana Casteel Lynch’ as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
People then won't expect you to endlessly "help" them financially. Don't look wealthy; look OK. People who otherwise will want to take from you if they think you're wealthy will leave you alone.
My 2008 Honda Accord with 190k miles approves this message! I’ve saved so much money by keeping that car even though I’ve been “pre-approved” to borrow brand new cars many times. Used that money instead to purchase my home with 30% down. No PMI. And I’ve been making extra payments to mortgage for past 10 years.
@SevenEllen this has become an interesting thing within the handbag market in general. Certain handbags just aren't selling like they did pre-pandemic. We're seeing this on several sides of the handbag market from the Birkins down to the even Coach bags. Not saying people are grabbing their bags from Walmart but there's definitely a shift in handbag market that's still churning. It'll be interesting to see how that plays out because generally the handbag market signals other downstream changes in the luxury market.
@SevenEllenMaybe because a lot of people lost their lives and this person recognized that material possessions aren't as important as like itself. Unfortunately sometimes it takes a catastrophic event for us to realize just how fragile life is.
Note caring for logos allowed me to save so much and put the difference towards my savings. Black T-shirt and jeans all the way ... Nice one @sct4040!! 👏
I am totally debt free no motgage...this has given me the option to work part time 32 hrs a week and have full benefits...still able to save for retirement!
Is funny how when you reach a certain level of savings and income the less stuff cars or homes you want to have and the more you don’t care about impressing. I am glad to have reached that point in life.
South east Asian American here 👋 we are kings of looking rich while scarping by just to support the lifestyle. Tired of going into hiding from my family and friends when i fall on hard times. They’re around to party and celebrate with you but no one lends a helping hand when you need it, this has taught me valuable survival skills to just put myself on DND to focus on my self and my own personal goals to be able to find happiness from something not related to money.
Its called Keeping up with the Joneses! People buy too much to keep the "look" or "Perception" of Life is grand. It happens to everyone in their lives, since the beginning of time. Human nature to F up, hahaha. But experienced knowledge is power, more so than book knowledge. Keep learning and going, adapting, and most important...YOU must know YOURSELF(skills/wants n needs, dislikes, etc.) once you know you can develop what you want in life and a pathway. All along making sure you smile often. Anyway, its the journey. make it your journey. Recently had to realize my siblings where not the people I grew up with, oddly enough its all happened shortly after we lost our father. Never would have thought it to be so....but thats why I express to you that you decide your path, no matter what others say. Of course keep it legal, hahaahaa Best wishes friend
Gratitude is so key. Just one example - a 10 year old well-maintained Honda is genuinely a technical marvel. Designed and refined over decades by the brightest people. A supreme luxury for most in the world, and just a 100 years ago would be beyond any King and entirely unimaginable to even Julius Ceasar or Mansa Musa. We live in such opulence.
Generally agree, except with investing the 5k bonus instead of taking holidays. Material things are not important to our happiness, agree, but moments and experiences with our loved ones are. If you can take a trip or holidays with your friends, partner or family and take them somewhere, that is priceless, and much more valuable than some dollars in the SP500.
Love this. Building more and more wealth, at the cost of having experiences and making memories, isn't a win. I knew an old millionaire... his kids were set, living the flashy lives many people dream of. He was so very lonely... he had a paid "assistant" just to give him some company. Money is supposed to be a tool to make life better... life is not a tool to make more money.
I had rich "friends" growing up, some acted like you were beneath them. When you become an adult you realize you were the lucky one because that' s where they found their value. I found as an adult the truly rich don't boast about paying their bills on time and are quite humble serving others.
@@melissachartres3219 I actually agree with the original poster. Having had little money as a child and young adult made me develope great spending habits. I also tend to have a good eye for people and select the people I want in my life. This can set you up for building wealth and having good friends. Also you learned from those smug, superficial people how you don't want to be perceived. Especially those who got their money from their parents and boast about it are in my mind the lowest of the low. Those are the people I never want in my life at all, regardless of how my own wealth developed. Looking poor also means that noone tries to come close to you for superficial reasons or to profit from your money.
Live modestly, no luxury brands, drive modest cars, stop watching television, read books from the library, and enjoy the beauty of free entertainment and the outdoors
So wise! I used to feel self conscious about outfit repeating, like “oh I wore this to church already two weeks ago, I can’t wear it again.” But… I like the outfit! And I don’t remember what other people wore two weeks ago so they probably won’t remember what I wore! That helped clear my closet out a lot because I was holding on to outfits that I didn’t really like but would have just to avoid the repetition. I love decluttering and the older I get, the less junk I want. If that means I don’t decorate seasonally, that’s fine. (Still decorating for Christmas though! Just not going overboard) My husband and I have way less impressive things than some of our friends. But they’re in debt and we’re not. We have more saved and work way less. I honestly feel richer than them even though it may not look it on the outside!
That is so true with clothes.. I remember when I was much younger I had a accident on my clothes at work, my mother in law brought me a different outfit over lunch to change in to.. not one person even noticed that I had a different outfit on the same day. Anna In Ohio
That's great! Congrats! My wife and I have been living a relatively frugal lifestyle so we can aggressively save for comfortable lifestyle in retirement. We've enjoyed living this way for so long that we've realized a lower consumption lifestyle *IS* the comfortable retirement we want. This has greatly reduced our target retirement savings enabling us to retire earlier than planned. What a wonderful epiphany.
This has essentially been my mantra for all my life. Whether it means passing on soda, settling for 2 weeks vacation a year, creating my own style or predictions like next President or the stock market, it has worked extremely well for me.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
Rebecca Nassar Dunne is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I live the same way! Next year I'll be able to get an antique license plate/tag for my car. I bought it over 7 yrs ago for $1,500 cash. It was in a pile-up (both bumpers cracked) and had a rebuilt title. I don't care! Most dependable car I've ever owned. Finally paid off my house a couple years ago, and it's a good thing because my husband is sick so if we had a house note right now we wouldn't be able to make it. The only clothing I buy new is socks and underwear. Everything else I own is from thrift stores. I only buy what I absolutely need and have the cash to pay for. Interest=Poor Person Tax. When people spend a lot of money they don't actually have (payment plans), the interest works to keep them in debt and poor forever.
Wow, do I hate payments... 2005 Lexus sedan...bought used less than 40K miles...paid cash...keep it in good shape. iphone 8 Mint mobile pre-purchased 6 months at a time Would love a gym membership, but won't sign a contract pay my credit card off every month I won't even pay for Netflix monthly I do have to pay monthly for my office and internet, though. lol
Minimalism is so liberating!!! I downsized drastically and although there are some mental adjustments due to habits, you can do it. When you start drifting back to what you had, just start naming everything you are thankful for and it pulls you back to the pleasure of less....less financial responsibility, less pressure, less fear of failure.
Great work! I agree ! I also believe that it doesn’t cost much to look classic and put together and cleanliness goes a long way. I raised 13 kids and I think we did pretty good on a low budget . We didn’t have fancy cars or house but I knew the whole time it was a trade off . The memories are priceless.
I don’t use TikTok, but I hope you’re posting videos on there. So many people need to hear this perspective on life. Thank you for making these videos! Subscribed!
This is an amazingly important message! Our children need classes in investing in high school so they’re ready for the world. The amount of consumerism that’s plastered all over social media right now is insane. Thanks for the message. 🙏
Like so many other important skills/knowledge bases, parents need to teach their children these things themselves instead of relying on school to do so.
@@granitemoss1451YES!!! EXACTLY!!!!! Public school's aka government schools are not there to help they are there to indoctrinate, the powers that be do not want people to be financially literate, they want good little consumers buying all their crap, they want people to be slaves to debt, it is very sad but it is true.
@@granitemoss1451most parents don't even have these skills because they weren't taught. So yes, they definitely need to provide real life financial knowledge in school.
I am so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me
Ian fortunate enough to be a multimillionaire. I drive an older Toyota Camry, and Tacoma truck. I use a Britta filter and don’t buy water, because of the California CRV fees. I never lend people money although I give it away to friends and family who are deserving of it. My Lady is a phenomenal cook, so we always dine in most the time. I only spend on things that hold or increase in value. 100% debt free including the house. Save 90% of my income and I was still able to retire young. Now I just manage my finances.
Driving a 10 yo Subaru and I’m using an iPhone 8 still, with NO intention of upgrading. All my clothes are no name brands that look good and I get many compliments on and I do enjoy a good thrift store furniture shopping, going to my creative side and redoing the furniture. Living the minimalist lifestyle has shown me, that you can enjoy more freedom and I have got really in touched with my inner spiritual side 👁️. Most of my friends are heavy spenders but they are all working their butttsss off. Not my way of living.
If you are healthy and fit and wear sweats or whatever, like Gabe in this video, people won't think you're poor. Smart people (especially women!) can smell the confidence and the money.
Wrong - I’m 62 now. Women are very materialistic - they notice brands / labels, jewelry, car, square footage, etc. Women (gold diggers) aren’t as smart as they think they are and can’t “smell money” as you claim (I have at least 1 of them - a GD - A hit on me every month, I don’t respond) When I leave house, it’s however (hair might not be combed, might be dirty & sweaty from working outside, and I don’t dress up). 2 of my vehicles are 10yrs or older and only have right at 100k miles (likely will never replace them). I very rarely dress up to go out and even more rare that I wear my nice jewelry - I’m a “gray man” - I don’t stand out in a crowd - it is much safer, you are less likely to get robbed. I have also became a lot more careful about posting to social media (pictures of home, lifestyle, etc) Women won’t take 2nd notice of me - that’s ok - I don’t have them hassling me, asking about my relationship (married for 26yrs), home (paid for), retirement, investments, or bank accounts - they think I’m BROKE and that they are better than me! Good for them, I will continue to live in peace and build / and improve my own life.
@jamestrent-nw9zb hate to break it to you... it's not your clothes or hair...women don't notice you because they sense you don't actually like or respect them.
I love this! I agree with you 100%. Everything of mine is old but well maintained and I get such a rush when I'm able to fix something and see how much money I can save. More stuff=more stress. This is why we watch your channel 👍👍
I definitely needed this! I have an 11 month old daughter and I feel like my place is so filled with things I don't need. Like I want to get rid of 90% of my stuff.
It's a slippery slope. I found a pair of pants years ago that just sits amazingly comfortably on me. Never bought any other pants again (of that style). I took that pair to a tailor to copy the pattern and he's been making and adjusting pants for me for over a decade. Now it's not a brandname but it sure is the best pants out there. And surprisingly, a tailor is not very expensive.
I live in a tiny house, it’s a 1 bedroom apartment that’s all paid for, with my husband. Living in a cheap apartment in an excellent neighborhood is the way to go.
I really like this, and appreciate this. I've been on both sides of the fence. I've been poor for many years and I've been wealthy for many years. Being poor was certainly stressful, and hard in areas, but I wasn't happier when I was more wealthy. And when I look back at when I was poor, there are things I miss. You appreciate things more, enjoy things more, and notice the good in everything around you more. It's hard to describe, but just the smallest things I would notice and find joy in. All this helps me to not worry, or be afraid of ever falling back into poverty again. Because I know, no matter what there will always be ways to find happiness. Spending time with my kids is really all I need. And spending time outdoors.
My graduates may 4 with his MA in architecture. Already got the job and a great income. He has no debt at all. We’ve been helping him budget his income cause he has a lot of $ leftover. Stressing the importance of saving for his future self. I pray he sticks with it too
Omgosh I didn't know anyone else saw life like this and/or felt this way....I don't seek external approval from others and it helps me save money because I'm not chasing their idea of what is trendy. I'm a classic person who enjoys classical things. I agree with you 💯!
I always thought this, grew up this way thanks to my grandpa🙏🏼 Another reason why I think it is important to look poor is that you are not as big a target for thieves. You hear in the news thieves follow people with expensive cars or watches only to rob them. Not that that is a very common occurrence, but happens!
Thank you! I always felt like an alien not taking care of what people were thinking, so I never tried to impress anybody. Living a simple life makes you save not just money but time, energy and gives you less things to worry about.
Tiny houser here. Im debt free and living minimally, and I love it. My living expenses are very small. I dont have to work hard to make ends meet, and I can do what I really enjoy doing, which is traveling.
It's so cool to see a tiny houser "in the wild", and not just on TV! I'm hoping to compromise with my husband... I love tiny, he loves space and stuff. 600 sq ft should do it. 😂 Our larger old house is constant work and money. Best wishes to you!
@Kelly_Ben living with a partner in a tiny house isn't easy unless you work hard to design it so that you each have your own private spaces that you can get away to. Like your own offices or studio or a private space you can call your own no matter how small that is. You will relish the alone time you spend there. You can thank me later.
Spot on!!! Thank you for the reminders!!! We hear this and we know this but often times, as life gets going… it’s so easy to lose sight of what’s truly important!!!!
The truck thing hit home. My father bought a new f250 4x4 in the 80s then delivered newspapers for years to pay for it... ive never worked a 2nd job, and rarely worked overtime.
You are a wise man! I’ve never cared what other people think of me. Or of what I own. I treat everyone with respect (until they show me they don’t deserve it), but I don’t own anything because I want other people to think a certain way about me. I did buy a Tesla 10 years ago, but not to impress anyone. I did it to stop using gasoline and still be able to go on road trips. But I was surprised (and appalled) at how much attention it garnered! Fortunately, I bought Tesla stock at the same time, which more than paid for the car. I’ve done well financially over the years, but no one would ever guess it from the way I live. Heck, even the Tesla is over 10 years old now - no biggee anymore. And being happy with my life and loved ones, and healthy, is the best reward of all. What more could one want out of life?
We have two vehicles that are over 15 years old. One is a work truck needed for his business. No cc debt. The way I see family members spend their money infuriates me. (And guess who they ask for "loans")
Would you use CC for expenses you have to make? I do to get rewards money. My utility and grocery expenses are paid with CC which are paid off immediately. When I accrue rewards money I transfer it over to my savings.
I have a brother who is single and although he has a low paying job, he takes luxury trips. He hints that I should help him out with living expenses, even hints that he should live with us. My husband and I have scrimped and saved for a comfortable retirement. If he does get into trouble, I won't let him starve, but won't give him money
Gabe! Your content is real. The water bottle analogy is perfect. We have exceeded all our net worth/wealth goals. We live in paradise AND have a car with 200k miles and I love my water bottle that I bought at good will years ago. Also very rarely shop because I’m too busy loving life and building businesses.
2:00 --> So true. I looked around my house and I am on a next gen laptop, comfortable chair, food in my stomach, coffee beside me, a car outside, and a willingness to keep learning and growing. Much love. Subbed
No one knows how much money I have, which is the way I like it. I retired before I was 50 and have more money than I can spend., even though I never made that much money. I have always invested money, but I also own two homes without mortgages, so I do spend money. I just don't spend it on things I don't need just to impress other people. My car is 10 years old, and my home is very average size. I have everything I need. Gabe's posts are so relevant and contain such good advice.
Getting caught up if "lifestyle" is indeed what ruins most people. Especially those who get luck and have success. The surest wat to ruin that, is start believing you need to show it off.
I totally agree with looking poor being very strategically important. It’s tactical to present in a way that’s not threatening to others, or in a manner where people will envy what you have-that’s a quick & easy way to get robbed, or for people to be hateful/spiteful/hostile towards you for having things they’ll never have access to. YOU should always be the decider of who gets access to even the awareness of how much material wealth you possess, since not everyone deserves the privilege of knowing what you have to offer in that realm. It’s the best way to guarantee that people like you for you, and aren’t using you for access to any amount of your finances-it’s like in those fairy tales or proverbs, where a monarch goes into the village dressed as a beggar, and being undercover, can find out what people are REALLY like.
I’m surprised you don’t have 1 billion subscribers by now I used to follow you two years ago, but I started listening to your and watching your TH-cam videos and they’re really good. Keep doing what you’re doing incredible.
A thought: We have six kids and 19 grandchildren. The pool we put in is the big draw to our house during the summer. The family togetherness it brings has been well worth the work and expense (long since paid for as is our house). The pool is everyone's favorite place to be. I agree with you in principle, but this exception has been wonderful.
That’s an investment in your family that wouldn’t work for every family. That’s great that you found something that works for you and your family. My kids and grandson would use a pool maybe twice a year, and we live somewhere where you can swim about 6 months out of the year. 🤷♀️ We bought a weekend place for one of our family investments, it’s 40+ acres with a fishing pond and a home. We’re hoping to build a small place for each of our children on the property.
An older lady came to our house to check out our renovated pool - the pool company asked if she could view ours because it looks so good. She arrived in a beat up old car, I could tell she was very classy, turns out she has 15 properties and just sold off half of them and has been retired for 20 years… my dad has never bought a brand new car and has been driving the same Subaru for 20 years, he’s an accountant and owns a few properties and has never taken an extravagant vacation, doesn’t buy the latest tec. Lots to be said for looking poor! I’m trying to be more like them! My husband has a Maserati, he was over the new purchase a few months later… he’d much rather be retired.
As I get older flashy new things just don't excite me anymore, it just temporary "happiness". The things that matter to me know are the time spent with those that I love and taking care of my family. When it's Christmas time, I look forward to my mom and step dad coming into town and staying with us, and us all sharing breakfast together not what's under the tree.
Been saying this for years, go to an upscale neighborhood on a Saturday morning to see everybody slumming it while picking up their bagels and lox, then go to a bad neighborhood to see everyone dressed to the nines waiting for the local bus🤣🤣🤣
If you're working poor, you don't have the privilege to dress poorly. So many jobs *require* this level of dress to be hired. One temp job wanted me to wear fancier clothes than they were paying me - literally, my paycheck at maximum would be $300 a week while clothes for that job would have cost several times as much. They wanted me to commute in heels. Heels! I was commuting into the city on the bus, with a mile hike to get to it from home. In the rain, in PDX. They called my $200 shiny black ACGs 'combat boots' - and this was before Nike had the US contract for combat boots.
@@CrissaKentavr My early employment history was factory work in which I was issued uniforms I would have to maintain, later my government job was also uniformed but I could get changed at work. For a time our only car was broken and I had to bike several miles to a bus stop that had a bus going to my job. Being carless in the suburbs is definitely worse than the city where mass transit is more accessible. Made my way from below the poverty line (single teenage Mom, food stamps, welfare etc.) as a child and then newlywed to eventually middle class. Never made it to upper🤔but I can definitely feel where you're coming from.
Bingo! Thank you, Gabe, for speaking out for people like me who most people “misunderstand” because of my minimalistic ways. Having financial freedom (in preparation for retirement) is my priority (I’m 54). Still driving my 10-year-old car, wearing only 5 sets of clothes and a couple of sneakers for work, trying to declutter (giving away clothes etc.) and working at my own pace while still being able to have a life (travelling, reconnecting with old friends). My house is small but easier to clean and I don’t buy stuff I don’t need. God bless you and I wish you well. ☺️
You dont have to look poor. Just be simple, dress decent but not over done or buying up every high end brand name, drive a decent comfortable car or truck as opposed to the "all eyes on me" porsche, benz etc...stay off social media or at least stop showing everyone what u have....you'll be fine
Of course you have to buy stuff, but buy smart, buy only what you really need, buy only once and buy quality not quantity (even if it's a bit more expensive). My earnings are in the upper 10% - and (just for example) my jacket is a used M65 of 1975, bought for $35. Nice antique furniture from a thrift store. Unique, good quality and cheaper than IKEA. The most expensive factor are the kids and their group pressure at school. A fine line there and lots of explanation.
Driving a 10 year old CR-V (which is still great!) to me makes me feel that I’m driving a safe, reliable car-if maintained. I don’t need the newest and greatest, which I’ve never been into. Your tips are great! This isn’t just important to your mental health, but financial planners would agree with much of what you suggest.
The best thing about buying an older car is that you immediately avoid the biggest cost of owning a car: the depreciation. My first and only car was a £1000 10-year old Nissan. It worked perfectly for 4 years, I probably spent around £100 a year in maintenance (new battery, tyres) and I sold it for £650. So it cost me less than £100 a year to own it. If I'd bought a new version of the same car, that would have been several thousand a year in depreciation.
@@GabeBult I had my 10 year old Forester in for new brakes the other day. The shop let me use their loaner (since my wife and I share one vehicle), a 2001 Civic. I was blissfully happy driving it; fun, comfortable, and simple compared to today's new cars.
Great video. So much of this resonates with me on my financial journey to achieve FI. Yeah, it is not about looking poor, but more so about not trying to look rich. At the beginning of my journey, I was making payments on an upscale Range Rover that I bought new on credit. My current vehicle is an ugly but reliable Lexus that I bought 8 years used. Stop Acting Like you're Rich, because you aren't.
@@FTYC2022 My has _~140k miles and runs fine. I you are used to upgrade vehicles, there may be an adjustment for a month or so, but now I don't even realize the difference. I adjusted and got used to it being my car. Just like I adjusted to my prized Rover at that time. If the Lexus is a nice, clean one, I would go for it. I think it is worth the investment, IMO. I would consider tech, and make sure the car meets your needs in that area. My thoughts anyway.
@@slmunney7760 Funny you bring up tech because thats what has me considering a 2019 IS instead of the 2015 with 99k miles. I'm supposed to test drive both this week. It's so hard to decide; the temptation is strong 😄. There is a $10,000 difference between the two cars.
I remember working with a lady who told me that a customer who came in was actually super wealthy because she only purchased clearance items. Sometime later I saw her in a pickup for food for people who were broke. My coworker thought she was wealthy because she was buying cheap, when the actuality is she was probably making do with what little she had. In either case, I see the practicality shopping clearance for items you're going to use anyways.
Shopping clearance for items you need isn't practicality, it's plain smart. Saving money and living below your means is the only path to financial security for ANYONE. Even the stars making millions to broke blowing their cash. Searching for deals (without becoming obsessive) is a wise investment.
Excellent message - as an older successful acquaintence confided in my, "It's not how much money you make, it's how you spend the money that you make that leads to a fullfilled life". I am now 80 and have gone through the initial eye gliiter stage and have financed things that didn't even need to be in my life. After having gone through a tough financial time I have adapted a practice of never buying anything I couldn't pay cash for - if I didn't have the money, I wouldn't buy it. Amazingly as a course of routine, beautiful things have been presented to me and our house reflects this beauty. We have spent very little - money wise, for the beautiful things in our life. We are not incredibly rich but the Greater Universe has provided richly with payment that cannot be measured - just having the opportunity to be here!😊
What led me to saving more money is shifting my mindset to buying things only when I need them and for my own satisfaction not anyone else's. Also If I cant afford to buy something right now I know I'm on my way to buying it in the future. Anyways thanks for the affirmation.
I chuckled at the title of this video, because one day my hubby and I were walking down the road, and a person asked us for money. One of the locals who was living on the street, told the person to leave us alone as we were pensioners. We were not pensioners, but we were living in a 23 square ft. office, and back packing at times. Weirdly enough, we both felt free, met interesting people and got round by public transport. Now we live in an apartment, and have the use of a car, and I feel trapped. Way too much to take care of, taking up too much time, and money. For us having less was actually having more.
@@patty109109 I can understand that. There was a video of a couple who decided to sell everything and live in a hotel. No cleaning, no garden. Lot more time in their old age to enjoy travelling a bit. Something I would love to do. Perhaps we need to just consider all the pros and cons, and then make a decision.
The first 500 people to use my link will get a 1 month free trial of Skillshare skl.sh/gabebult04241
The site REQUIRES your credit card number to access the free month. Unless you're ready to commit to pay 29 euros per month, FORGET ABOUT IT. The WORST financial advice is to give out your bank details all over the place because these schemes are impossible to cancel. What a scam. This is not a gift. It's a nightmare.
*Due to an accident of history, I was pretty well off in the 1980s. "Well Off" in this context means I was making around $160k in 1985, which is over $425k today, and I was (and still am) living in one of the lowest cost of living States, which was less than half of my original home in NYC.*
*I realized fairly quickly that while I wasn't making any attempt to look any particular way, I was immediately spotted as "upper class" by public facing salespeople (like clothing, cars, etc.). This ended up costing me a small fortune, despite living in one of the cheapest places in the country! The giveaways were (I'm told) my watch, and my shoes. I didn't dress any differently than most of the people I knew, but my $10k watch (which was both a gift, and thin, black, and to me looked like a slightly upgraded Timex) was a dead giveaway. Same for my $400 shoes: I have huge (triple-E) feet, and being on my feet for most of every day, made me very interested in comfort. I found a pair of shoes at a store which was in the last stages of everything-must-go bankruptcy: because of the unusual size, they were just sitting there, with a $75 sticker on them. The **_instant_** they touched my feet I was **_sold!_** When I needed to replace them I discovered what they cost in the real world, and I was shocked! Sales people had been looking at those shoes and **_absolutely_** knew what they were worth, and acted accordingly.*
*Only after I realized what was happening, and went out of my way to hide it, did my finances restore to what I was used to. I had been unintentionally advertising my "wealth", and it was adding around 30% to my daily life. After I went back to low end everything when I was shopping, did things improve. And the attitude of the people I was dealing with also went off the scale in friendlier attention. Totally worth it - HIGHLY recommended!*
you are adorable
failure really dont excist , its a mind game
I used to live in liberal New York, there you're poor even without trying to look poor
There is an emotional maturity to knowing you are wealthy, versus trying to make others think you are.
True wealth should last, money talks, and wealth whispers. It's the random hints that yeah I can do that actually shows wealth.
No. Character determines emotional maturity, not wealth. If you possesed ennough knowledge, you'd know that is fact.
It would be accurate if you stated that having no need to let others know you are wealthy *may* be a sign of emotional maturity. Again, that statement is true because CHARACTER determines this, not wealth.
Some (not all) billionaires are the most emotionally immature, narcissistic, giant-raging-adult-toddlers you will ever meet. They are, in fact,so emotionally immature that they had to go to work for themselves because the lack the emotionaly intelligence to have a boss or even a board of directors they don't control like a puppet master.
...and yes, I worked for one billionaire who was the exact opposite of that. He was self-made, had a good moral compass, lived in the same small town where he grew up and went to college, acquired and sold many businesses he built up along the way, and although he had a good-sized private jet and a Jag X-12 way back in 1988 before those things became more widely known to be the true indication of generational wealth, he was a fairly humble man.
He still works to this day, now owns and breeds race horses (as a hobby), and he's respected in his communnity but you will never, ever seen his name on any of the most wealthy individuals, despite being one of them.
@@le_th_ I’m talking about the wealth that last generations, this is the sort of wealth you hear about in conspiracy theories because it’s indistinguishable from the financial system itself. To preserve that wealth one must adopt the kingsman mindset of reputation is what others think of you, character is who you are.
@@le_th_chuck fipke?
@@le_th_ I don't think the original poster is saying that emotional maturity is determined by wealth. I think they're saying that how someone handles their wealth (or lack thereof) can be a strong indication of their level of emotional maturity and their character.
A multi-millionaire who insists on displaying their wealth for recognition is just as emotionally immature as a poor person who blames everyone else for their predicament.
This is one of the biggest reasons I’m single. I haven’t found anyone who thinks this way. Being on the same page financially is crucial for a successful relationship.
And finding a good spouse is critical to getting wealthy.
It's common for people to first fall in love, and then develop a life strategy as you plan your future together. I wouldn't limit your search otions to only people who already have it figured out. You'd be limiting your options down to less than 1%.
@@patty109109 I'd say it's more important to avoid a bad spouse... XD
@@nomadspiritvids In my case, I'd be lucky if I were compatible with 1%. The wrong partner could ruin my little financially stable world...
...I think I'd rather just deal with loneliness. :)
@@nomadspiritvids even poor person can setup a mindset to save. It's not about finding a person who already got it all settled.
My youngest son bought me a fridge magnet when he was in elementary school, it said The most important things in life aren’t things. One of the best gifts I’ve ever gotten, it is still on my fridge and he is 45 years old. I pretty much live my life that way❤
Beautiful 💚🌿
Elementry? 45 years old? WTH!!! How old are you on here. Damn!
Healthy, and wise ❤
@@FlexxWilliamz
Im a young heart of 71 years😊
That’s so awesome man, I’d like some kids one day, Lord willing
Its not living like poor... It's living below your means
No. It's living on way less. The less you live on, the more you invest.
@JessTalkTVseriously, “LOOKING” is in all caps too😂
Yes percentage based budget
Exactly that 👏
Amen. Some people refuse to pay for good food, but will pay for a new car every two yrs. Just to say …I am driving…
I have a 2012 chevy cruze that's paid for with 80k miles. Hoping to drive it to 160k miles. I've had it for 8 years (I moved close to my job so I walk to work with has been great in preserving my car too). I started investing late but I think I'll be caught up soon!
Just ask Google is there any sawdust in flour.. and ask is there any sawdust in cereal.. and ask is there any sawdust in bread ? And ask if there is sawdust in the capsule that you are using for your medicine You will be shocked. Also Tide powdered sosp..saw dust..only eat food that could rot..like vegetables..fruit..
I have just learned that a cucumber a day not an Apple is what you need for optimum health and do not eat iceberg lettuce..It hasn't got nutrition .buy romaine lettuce for your eyes. Not carrots .ask an opthalmologist..BUY HEALTHY FOOD not expensive cars
@@Joce123 ?
My car is 2009, still runs perfectly, it issues and one of my friends said it is time for a new car 😬
Very right here. I have a net worth over $2.5 million yet I drive a car with 200k miles and live in a 3 bedroom home. I owe zero money and now loan others money for real estate investment. But people see me with my citizen watch and boring clothes and think I’m a struggling 40 something. Couldn’t be farther from the truth.
You're living my dream! Awesome
And your point is?
@@TInax-oo6mv Don't judge a book by its cover
You didn't generalize, about many people who don't exhibit their wealth but still have it, you wrote about yourself, which appears pompous and egotistical.
Instead of yachting or traveling with your great wealth, you're right here watching TH-cam videos and commenting like the common person. Great cover ! Yeah, right
No one cares about your net worth. You aren't being respected and that's an insult. You chose to live life like this and which is fine but don't think of it as an accomplishment. There's one thing that is more powerful than wealth and that's power, and you have none.
please note guys, he's mainly talking to the middle class citizens. if your poor as in you have to travel 3 hours via bus to go to work, more than likely you already live a minimalistic lifestyle not by choice.he's talking to those who have a decent income and live a decently comfortable life who probably aren't happy with their middle class life and buy bs to make themselves feel better, not that they need it.
Not necessarily. I'm the working poor, and yet, I still manage to save. KNOWING the difference between Want and Need is vital to this.
" if your poor as in you have to travel 3 hours via bus to go to work, more than likely you already live a minimalistic lifestyle"
I have yet to run into someone that is in that state that you describe, but those that I have known that claimed to be poor or never have enough money have ALWAYS had significant cash-flow leakage. Could be a smart phone and data plan. Could be highspeed internet at home, cable / sat TV, trying to live alone rather than roommates until they can get their act together. Beers with the guys a couple nights per week after work. Some smoked. Poor food purchasing habits, drive-thru lunch rather than brown bagging it. Being the first to clock out at the end of the day and the last one to volunteer for overtime when offered. And, lastly, not redirecting some of their in APP purchase dollars, smokes money, etc on ways to acquire skills or pay off debt for those that had it.
You have a point, but on another side there are those who don't make alot of money yet still make do, have no debt and are wise with the little they have. Alot of people are poorer because of the backwards priorities.
Poor Rich, middle class people make bad choices too.
@@mjs28sI was that poor for a couple of months. Had to walk 2 hours to work every day and hope I could get a ride home from the manager. Only food I had was the employee meals from my job and all my money went to bills. Those people do exist and it’s important to recognize that they may not have or know of any resources for themselves. However I do agree with you that a lot of people could be spending their money more wisely. That time period showed me how little money I needed to get by though, which I do appreciate.
Health, connection, community, a purpose, food and shelter. The rest is frivolous.
Security?
I have found that ‘looking poor’ also helps in a lot of scenarios! People tend to leave me alone a lot more…kind of weird.
Interesting. I have gotten harassed and had security called on me.
@@TheCharlieH haha couldn’t help but laugh at that! But yes it works for me. I’m in Australia maybe we just look that way anyway lol.
@@TheCharlieH There's a fine line, but generally speaking a clean hoodie and jeans that stay up, shoes that fit your feet, a recently trimmed neck...they all add up to someone who can afford soap and has a place to clean himself up. Also, the odor thing...u can lose a lot of 'points' for that. Def' no fan of Bill Gates, but I always admired his wardrobe...same as a lot of ne'er-do-wells, only cleaner. This is how the truly wealthy that I've met usually dress. They don't bother to try and impress.
Yeah for me it doesn't work. I make an effort to dress nicely and well groomed. I get better treatment, I even get a pass from racists and elitists because I look "proper".
We call it stealth wealth - you don't want to attract thieves. My daily dress includes a stained t-shirt and work pants with holes in them as I often am working on a project - house or classic sports car restorations. Though we saved millions and retired mid-fifties. I often look poorer than the contractors at the local hardware stores.
Everything popular is wrong. Love this quote
When I was younger, we had a family friend who was very wealthy-they owned around 20 cars. Despite their wealth, they were kind and down-to-earth, which is why they had friends like us. However, when we hung out with them, it felt uncomfortable. People treated them differently, assuming we were equally rich just because we were with them. This made me realize how challenging it must be for them to find true friends. Others would take advantage of their money, which was disheartening.
Later, when I got a decent job and bought a new car, people started treating me differently too. They assumed I was living a happier life. Unfortunately, many approached me only to discuss material things, which left me feeling lonely. So, I intentionally simplified my life and dressed more modestly. Surprisingly, I found more genuine friends after that. 🌟
Wow!
Your pronounce use is so cringe
Hope your still in touch with the old family friend. True friends are rare.
Exactly!! It sucks to have the paparazzi after you all the time like that and where are the REAL friends? That’s why I do the same.
Where I live you can't fill your own tank at gas station and people that work there always seemed kind of distant and apathetic, these are usually low paying jobs and workers are generally from poor background. Then I bought a low cc motorcycle, which is a much more affordable vehicle, it's very noticeable the difference in treatment, they see you like equal and smile more and even start conversations ocasionally.
There's an element of buying quality items thst will last and look good for a long time. Money really unlocks a lot of efficiencies.
and the look and feel of old leather. Beautiful. 100% cotton sheets and shirts. Wool sweaters, brass zippers An old gold watch, a good quality belt. Lovely aroma when the sun hits any of these. Yes, u can smell old quality items.
Same here.
I buy only quality items... second hand. I'm on an incredibly tight budget, but I have a fabulous wardrobe full of quality pieces, that cost me LESS than if I bought crap new at Walmart.
Truth ... my mom said I look homeless = priceless for me
The highest of compliments! LOL
As long as you dont smell homeless, you're golden!
Same
If she tells you that again, be sure to tell her, "Thank you, I had stellar parenting." ; ) lol
Looking homeless means you look unkept and likely coming off of a drug high or being passed out and probably pissed yourself. Looking plain or poor doesn't mean homeless.
“Live your life by design, not default.” This I think is the absolute key message in your video. So important.
I feel so satisfied sitting in my kitchen, caramelizing onions in a pot with my dog by my side and also drinking a beer. I imagine it’s the exact same shit my little Hungarian grandmother did when she was my age.
Try brewing your own beer. You'll save a fortune and probably make a better brew at the same time.
You feel welthy cause you have each other!
I love this comment ❤
i used to love stuff. then everyone that loved me died. my spine fell apart. love and everyone's health are what matters. and God. thank you Lord. and thanks Gabe I always enjoy your vids.
Practicing contentment has been my favorite thing to do.
It's great
@@GabeBultyou Americans say Like wayyyyy too much
I had to like, “like” your comment 😉
@@DeborahThird-og1uo 😆
Empowered by financial knowledge, I'm reclaiming my monetary destiny, eager to shatter the myth that six-figure gains are exclusive to elite investors, and determined to unlock the secrets of rapid wealth creation, one strategic investment at a time.
Breaking free from financial uncertainty, I've seized control of my investments, diversifying my portfolio with strategic ETF selections and savvy individual stock picks. Overcoming fear and doubt, I boldly reinvested $350,000 under expert guidance, yielding a remarkable 82% return last year, and now I'm poised to harness the power of long-term growth and compound interest to propel my wealth forward.
Diversifying your portfolio is crucial for managing risk and maximizing returns. By working with a financial advisor, I've been able to achieve significant growth, seeing my portfolio of $330k grow by 40% this year alone, maybe you should do the same.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
I work with ‘Diana Casteel Lynch’ as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
It's smart to look poor and be rich. Nobody has to know.. 🤫
Where I live, it can actually save your life.
Unfortunately, in this day and age of Instagram and social media, everybody wants to show that they are rich.
People then won't expect you to endlessly "help" them financially. Don't look wealthy; look OK. People who otherwise will want to take from you if they think you're wealthy will leave you alone.
No, old asian people always look poor and are rich😂.
why do you want to be rich? if you just leave your money in some bank account or stock forever and never spend it and then just die at some point?
My 2008 Honda Accord with 190k miles approves this message! I’ve saved so much money by keeping that car even though I’ve been “pre-approved” to borrow brand new cars many times. Used that money instead to purchase my home with 30% down. No PMI. And I’ve been making extra payments to mortgage for past 10 years.
Looking “poor” is the reason I sold all my luxury handbags. After the pandemic, I no longer care for logos.
@SevenEllen this has become an interesting thing within the handbag market in general. Certain handbags just aren't selling like they did pre-pandemic. We're seeing this on several sides of the handbag market from the Birkins down to the even Coach bags. Not saying people are grabbing their bags from Walmart but there's definitely a shift in handbag market that's still churning. It'll be interesting to see how that plays out because generally the handbag market signals other downstream changes in the luxury market.
@@andreapayneconnally390It’s not safe to carry a purse right now, especially a nice one.
@SevenEllenMaybe because a lot of people lost their lives and this person recognized that material possessions aren't as important as like itself. Unfortunately sometimes it takes a catastrophic event for us to realize just how fragile life is.
Note caring for logos allowed me to save so much and put the difference towards my savings. Black T-shirt and jeans all the way ... Nice one @sct4040!! 👏
@NisseMas Nicely done. Definitely! .. Being private is also key to a rich life...
I am totally debt free no motgage...this has given me the option to work part time 32 hrs a week and have full benefits...still able to save for retirement!
I'm the same only work 19 hrs now.
Is funny how when you reach a certain level of savings and income the less stuff cars or homes you want to have and the more you don’t care about impressing. I am glad to have reached that point in life.
You are so right
I mean I want multiple homes, but it's not to impress anyone it's to rent them out and have a place to crash when abroad.
thank you for helping me reach dyslexia
Me too, being content and grateful for what you have is priceless.
South east Asian American here 👋 we are kings of looking rich while scarping by just to support the lifestyle. Tired of going into hiding from my family and friends when i fall on hard times. They’re around to party and celebrate with you but no one lends a helping hand when you need it, this has taught me valuable survival skills to just put myself on DND to focus on my self and my own personal goals to be able to find happiness from something not related to money.
Its called Keeping up with the Joneses! People buy too much to keep the "look" or "Perception" of Life is grand. It happens to everyone in their lives, since the beginning of time. Human nature to F up, hahaha. But experienced knowledge is power, more so than book knowledge. Keep learning and going, adapting, and most important...YOU must know YOURSELF(skills/wants n needs, dislikes, etc.) once you know you can develop what you want in life and a pathway. All along making sure you smile often. Anyway, its the journey. make it your journey. Recently had to realize my siblings where not the people I grew up with, oddly enough its all happened shortly after we lost our father. Never would have thought it to be so....but thats why I express to you that you decide your path, no matter what others say. Of course keep it legal, hahaahaa Best wishes friend
@@davystun8454 Amen brother 🙏🏽
Gratitude is so key. Just one example - a 10 year old well-maintained Honda is genuinely a technical marvel. Designed and refined over decades by the brightest people. A supreme luxury for most in the world, and just a 100 years ago would be beyond any King and entirely unimaginable to even Julius Ceasar or Mansa Musa. We live in such opulence.
True! Even poor people in US for most part live better than kings used to.
@@silentnot4812 Hondas and VWs - the thinking man's car
Spoken like a person who never had a chauffered horse pulled carriage with gas lights.
My Honda is 20 years old this year!
My new car is a low-mile 2010 Honda Element.
When your clearing out the junk get rid of the ego with it, that's my best advice.
you're
😂
Great points. Perhaps looking neither rich or poor is best. Look healthy and like you care about your things.
I agree. Looking fit, healthy, and like you take care of yourself and whatever *things* you may have.
Great points (user avatar checks out).
Generally agree, except with investing the 5k bonus instead of taking holidays.
Material things are not important to our happiness, agree, but moments and experiences with our loved ones are.
If you can take a trip or holidays with your friends, partner or family and take them somewhere, that is priceless, and much more valuable than some dollars in the SP500.
Love this. Building more and more wealth, at the cost of having experiences and making memories, isn't a win. I knew an old millionaire... his kids were set, living the flashy lives many people dream of. He was so very lonely... he had a paid "assistant" just to give him some company. Money is supposed to be a tool to make life better... life is not a tool to make more money.
I had rich "friends" growing up, some acted like you were beneath them. When you become an adult you realize you were the lucky one because that' s where they found their value.
I found as an adult the truly rich don't boast about paying their bills on time and are quite humble serving others.
... some acted like I was beneath them. When I became an adult I realized I was the lucky one.....
@@melissachartres3219 I actually agree with the original poster.
Having had little money as a child and young adult made me develope great spending habits. I also tend to have a good eye for people and select the people I want in my life.
This can set you up for building wealth and having good friends.
Also you learned from those smug, superficial people how you don't want to be perceived. Especially those who got their money from their parents and boast about it are in my mind the lowest of the low. Those are the people I never want in my life at all, regardless of how my own wealth developed.
Looking poor also means that noone tries to come close to you for superficial reasons or to profit from your money.
@@DevineAbyss Amen to that! (all of it) When you're poor- you know your wife REALLY loves you.
Live modestly, no luxury brands, drive modest cars, stop watching television, read books from the library, and enjoy the beauty of free entertainment and the outdoors
Millionaire next door principles right here! Yes!! If it works, I don’t want a new/bigger one. The best thing you can buy is peace of mind ❤
I think the best thing you can buy is good health, but peace of mind is definitely worth the investment.
@@le_th_ very well said❤
Yes "Millionaire Next Door" book was one of the best books I have ever read.
almost everything that’s popular is wrong. LOVE IT!
So wise! I used to feel self conscious about outfit repeating, like “oh I wore this to church already two weeks ago, I can’t wear it again.” But… I like the outfit! And I don’t remember what other people wore two weeks ago so they probably won’t remember what I wore! That helped clear my closet out a lot because I was holding on to outfits that I didn’t really like but would have just to avoid the repetition.
I love decluttering and the older I get, the less junk I want. If that means I don’t decorate seasonally, that’s fine. (Still decorating for Christmas though! Just not going overboard)
My husband and I have way less impressive things than some of our friends. But they’re in debt and we’re not. We have more saved and work way less. I honestly feel richer than them even though it may not look it on the outside!
The who concept of women having to never wear the same thing is insane
Not buying the Tesla anymore? 😊
@@ElizabethMBoyd friend, I tell myself that every time I get dressed lol 😂
That is so true with clothes.. I remember when I was much younger I had a accident on my clothes at work, my mother in law brought me a different outfit over lunch to change in to.. not one person even noticed that I had a different outfit on the same day. Anna In Ohio
Many people equate “stuff” with Net Worth, vastly different things
Moderation is the key, can't outspend the income, can't be frugal all life, you save up for something and then after that you live normally
Couldn’t agree more! All of it!
Retired at 55! Living simple frugal life-it works!
That’s awesome, congrats 🍾
I retired early. If I knew what I know now. I downsize every thing. My life is so❤ much better for it.
That's great! Congrats!
My wife and I have been living a relatively frugal lifestyle so we can aggressively save for comfortable lifestyle in retirement. We've enjoyed living this way for so long that we've realized a lower consumption lifestyle *IS* the comfortable retirement we want. This has greatly reduced our target retirement savings enabling us to retire earlier than planned.
What a wonderful epiphany.
not wanting to get into your personal life, but I'm 58 and can't retire because of the whole health insurance thing.
How are you taking care of that?
@@frankprit3320 Us Canadians have health care provided as part of our taxation. Hospital or doctor visits are no concern to us. I retired at 54.
This ultimately killed my shopping addiction. Thank you so much for the advice!! I highly appreciate your help 🌞
Great to hear!
I have a 2004 Honda CR-V and I love it. I’m kinda proud of how old it is and how nice it still is.
2005 Accord here! Amazingly nice car.
Older is better !
im selling my paid for home and buying land this year
putting a tiny cabin up over a basement
creating a tiny homestead finally
im stoked
Don’t do it.
hope you like scurvy bro
Don't listen to these morons. Best wishes to you, self sufficiency is the way to go for long term independence.
“Whatever the 78% are doing - I don’t want to do that!” 🤣 True!
That's like almost everyone you know lol
As my dad used to say ...... most of the people are wrong most of the time so don't follow the crowd unless you want to fail.
This has essentially been my mantra for all my life. Whether it means passing on soda, settling for 2 weeks vacation a year, creating my own style or predictions like next President or the stock market, it has worked extremely well for me.
This is a problem for women
@@seandelaney1700 2 weeks a year? Why so little?
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
Rebecca Nassar Dunne is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
I don't like making payments. 20 yrs old car, paid off house, 10+ year old clothing (mostly pajamas and hoodies) and a 8 year old phone.
I live the same way! Next year I'll be able to get an antique license plate/tag for my car. I bought it over 7 yrs ago for $1,500 cash. It was in a pile-up (both bumpers cracked) and had a rebuilt title. I don't care! Most dependable car I've ever owned.
Finally paid off my house a couple years ago, and it's a good thing because my husband is sick so if we had a house note right now we wouldn't be able to make it. The only clothing I buy new is socks and underwear. Everything else I own is from thrift stores.
I only buy what I absolutely need and have the cash to pay for.
Interest=Poor Person Tax. When people spend a lot of money they don't actually have (payment plans), the interest works to keep them in debt and poor forever.
@@JamieM470 Love it!
Hopefully you're using the money saved on those bills to build compounding interest!
are we twins. The only thing is that facebook memories keep popping up with me wearing what I'm currently wearing
Highschool time hoodies here. I'm 33 now.... They simply are comfortable and sturdy what can i do??
Wow, do I hate payments...
2005 Lexus sedan...bought used less than 40K miles...paid cash...keep it in good shape.
iphone 8
Mint mobile pre-purchased 6 months at a time
Would love a gym membership, but won't sign a contract
pay my credit card off every month
I won't even pay for Netflix monthly
I do have to pay monthly for my office and internet, though. lol
Thanks!
🔥
Minimalism is so liberating!!! I downsized drastically and although there are some mental adjustments due to habits, you can do it. When you start drifting back to what you had, just start naming everything you are thankful for and it pulls you back to the pleasure of less....less financial responsibility, less pressure, less fear of failure.
I really like your mindset nowadays everyone want to show off, its difficult to find people like you 😊
Great work! I agree ! I also believe that it doesn’t cost much to look classic and put together and cleanliness goes a long way. I raised 13 kids and I think we did pretty good on a low budget . We didn’t have fancy cars or house but I knew the whole time it was a trade off . The memories are priceless.
Thirteen! Congratulations, you deserve the Mother's Cross!
I don’t use TikTok, but I hope you’re posting videos on there. So many people need to hear this perspective on life. Thank you for making these videos! Subscribed!
This is an amazingly important message! Our children need classes in investing in high school so they’re ready for the world. The amount of consumerism that’s plastered all over social media right now is insane. Thanks for the message. 🙏
The world is so built around consumerism these days
Like so many other important skills/knowledge bases, parents need to teach their children these things themselves instead of relying on school to do so.
@@granitemoss1451YES!!! EXACTLY!!!!! Public school's aka government schools are not there to help they are there to indoctrinate, the powers that be do not want people to be financially literate, they want good little consumers buying all their crap, they want people to be slaves to debt, it is very sad but it is true.
Sadly, our children are taught to be anti investors by our educational system.
@@granitemoss1451most parents don't even have these skills because they weren't taught. So yes, they definitely need to provide real life financial knowledge in school.
I am so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me
Kate Mellon Bruce is not just my family’s financial advisor, she’s a licensed and FINRA agent who other families in the US employs her services
She's active on face book @
KATE MELLON BRUCE
Ian fortunate enough to be a multimillionaire. I drive an older Toyota Camry, and Tacoma truck.
I use a Britta filter and don’t buy water, because of the California CRV fees.
I never lend people money although I give it away to friends and family who are deserving of it. My Lady is a phenomenal cook, so we always dine in most the time.
I only spend on things that hold or increase in value. 100% debt free including the house. Save 90% of my income and I was still able to retire young. Now I just manage my finances.
Ian ?.
Driving a 10 yo Subaru and I’m using an iPhone 8 still, with NO intention of upgrading. All my clothes are no name brands that look good and I get many compliments on and I do enjoy a good thrift store furniture shopping, going to my creative side and redoing the furniture. Living the minimalist lifestyle has shown me, that you can enjoy more freedom and I have got really in touched with my inner spiritual side 👁️. Most of my friends are heavy spenders but they are all working their butttsss off. Not my way of living.
Cool, my Subaru is from 2006 with 316.000 km on it. Legacy 3.0R Spec B. Very good quality. No belt changes needed.
If you are healthy and fit and wear sweats or whatever, like Gabe in this video, people won't think you're poor. Smart people (especially women!) can smell the confidence and the money.
Wrong - I’m 62 now. Women are very materialistic - they notice brands / labels, jewelry, car, square footage, etc. Women (gold diggers) aren’t as smart as they think they are and can’t “smell money” as you claim (I have at least 1 of them - a GD - A hit on me every month, I don’t respond)
When I leave house, it’s however (hair might not be combed, might be dirty & sweaty from working outside, and I don’t dress up). 2 of my vehicles are 10yrs or older and only have right at 100k miles (likely will never replace them). I very rarely dress up to go out and even more rare that I wear my nice jewelry - I’m a “gray man” - I don’t stand out in a crowd - it is much safer, you are less likely to get robbed. I have also became a lot more careful about posting to social media (pictures of home, lifestyle, etc)
Women won’t take 2nd notice of me - that’s ok - I don’t have them hassling me, asking about my relationship (married for 26yrs), home (paid for), retirement, investments, or bank accounts - they think I’m BROKE and that they are better than me! Good for them, I will continue to live in peace and build / and improve my own life.
@@mikefulp1 I am very similar...I like your style...take care kiddo.
@jamestrent-nw9zb hate to break it to you... it's not your clothes or hair...women don't notice you because they sense you don't actually like or respect them.
I agree with you 100%. I’ve also started velocity banking and that has changed my life.
I love this! I agree with you 100%. Everything of mine is old but well maintained and I get such a rush when I'm able to fix something and see how much money I can save. More stuff=more stress. This is why we watch your channel 👍👍
So true!
I definitely needed this! I have an 11 month old daughter and I feel like my place is so filled with things I don't need. Like I want to get rid of 90% of my stuff.
Happy to be in the 22%..super popular stuff has always repelled me!
It's a slippery slope. I found a pair of pants years ago that just sits amazingly comfortably on me. Never bought any other pants again (of that style). I took that pair to a tailor to copy the pattern and he's been making and adjusting pants for me for over a decade. Now it's not a brandname but it sure is the best pants out there. And surprisingly, a tailor is not very expensive.
Sits amazingly ?
@@TInax-oo6mv like a glove
I live in a tiny house, it’s a 1 bedroom apartment that’s all paid for, with my husband. Living in a cheap apartment in an excellent neighborhood is the way to go.
With the things the way they are in US, I find it extremely difficult to find a cheap apartment in an excellent neighborhood. Congratulations!!!
I really like this, and appreciate this. I've been on both sides of the fence. I've been poor for many years and I've been wealthy for many years. Being poor was certainly stressful, and hard in areas, but I wasn't happier when I was more wealthy. And when I look back at when I was poor, there are things I miss. You appreciate things more, enjoy things more, and notice the good in everything around you more. It's hard to describe, but just the smallest things I would notice and find joy in. All this helps me to not worry, or be afraid of ever falling back into poverty again. Because I know, no matter what there will always be ways to find happiness. Spending time with my kids is really all I need. And spending time outdoors.
I’m trying to teach my son this concept, it’s a hard thing to get until you are having to budget your own money.
My graduates may 4 with his MA in architecture. Already got the job and a great income. He has no debt at all. We’ve been helping him budget his income cause he has a lot of $ leftover. Stressing the importance of saving for his future self. I pray he sticks with it too
Omgosh I didn't know anyone else saw life like this and/or felt this way....I don't seek external approval from others and it helps me save money because I'm not chasing their idea of what is trendy. I'm a classic person who enjoys classical things. I agree with you 💯!
I always thought this, grew up this way thanks to my grandpa🙏🏼 Another reason why I think it is important to look poor is that you are not as big a target for thieves. You hear in the news thieves follow people with expensive cars or watches only to rob them. Not that that is a very common occurrence, but happens!
Thank you! I always felt like an alien not taking care of what people were thinking, so I never tried to impress anybody. Living a simple life makes you save not just money but time, energy and gives you less things to worry about.
Tiny houser here. Im debt free and living minimally, and I love it. My living expenses are very small. I dont have to work hard to make ends meet, and I can do what I really enjoy doing, which is traveling.
It's so cool to see a tiny houser "in the wild", and not just on TV! I'm hoping to compromise with my husband... I love tiny, he loves space and stuff. 600 sq ft should do it. 😂 Our larger old house is constant work and money. Best wishes to you!
@Kelly_Ben living with a partner in a tiny house isn't easy unless you work hard to design it so that you each have your own private spaces that you can get away to. Like your own offices or studio or a private space you can call your own no matter how small that is. You will relish the alone time you spend there. You can thank me later.
Spot on!!! Thank you for the reminders!!! We hear this and we know this but often times, as life gets going… it’s so easy to lose sight of what’s truly important!!!!
The truck thing hit home. My father bought a new f250 4x4 in the 80s then delivered newspapers for years to pay for it... ive never worked a 2nd job, and rarely worked overtime.
You are a wise man! I’ve never cared what other people think of me. Or of what I own. I treat everyone with respect (until they show me they don’t deserve it), but I don’t own anything because I want other people to think a certain way about me. I did buy a Tesla 10 years ago, but not to impress anyone. I did it to stop using gasoline and still be able to go on road trips. But I was surprised (and appalled) at how much attention it garnered! Fortunately, I bought Tesla stock at the same time, which more than paid for the car. I’ve done well financially over the years, but no one would ever guess it from the way I live. Heck, even the Tesla is over 10 years old now - no biggee anymore. And being happy with my life and loved ones, and healthy, is the best reward of all. What more could one want out of life?
You are my friend
We have two vehicles that are over 15 years old. One is a work truck needed for his business. No cc debt. The way I see family members spend their money infuriates me. (And guess who they ask for "loans")
Would you use CC for expenses you have to make? I do to get rewards money. My utility and grocery expenses are paid with CC which are paid off immediately. When I accrue rewards money I transfer it over to my savings.
I have a brother who is single and although he has a low paying job, he takes luxury trips. He hints that I should help him out with living expenses, even hints that he should live with us. My husband and I have scrimped and saved for a comfortable retirement. If he does get into trouble, I won't let him starve, but won't give him money
... great insight, I am rich an live in an expedition vehicle since a couple of years. Great advice for young people, keep spreading it!
Gabe! Your content is real. The water bottle analogy is perfect. We have exceeded all our net worth/wealth goals. We live in paradise AND have a car with 200k miles and I love my water bottle that I bought at good will years ago. Also very rarely shop because I’m too busy loving life and building businesses.
2:00 --> So true.
I looked around my house and I am on a next gen laptop, comfortable chair, food in my stomach, coffee beside me, a car outside, and a willingness to keep learning and growing.
Much love.
Subbed
No one knows how much money I have, which is the way I like it. I retired before I was 50 and have more money than I can spend., even though I never made that much money. I have always invested money, but I also own two homes without mortgages, so I do spend money. I just don't spend it on things I don't need just to impress other people. My car is 10 years old, and my home is very average size. I have everything I need. Gabe's posts are so relevant and contain such good advice.
No kids I would assume
Love this!
Getting caught up if "lifestyle" is indeed what ruins most people. Especially those who get luck and have success. The surest wat to ruin that, is start believing you need to show it off.
I totally agree with looking poor being very strategically important.
It’s tactical to present in a way that’s not threatening to others, or in a manner where people will envy what you have-that’s a quick & easy way to get robbed, or for people to be hateful/spiteful/hostile towards you for having things they’ll never have access to.
YOU should always be the decider of who gets access to even the awareness of how much material wealth you possess, since not everyone deserves the privilege of knowing what you have to offer in that realm. It’s the best way to guarantee that people like you for you, and aren’t using you for access to any amount of your finances-it’s like in those fairy tales or proverbs, where a monarch goes into the village dressed as a beggar, and being undercover, can find out what people are REALLY like.
I’m surprised you don’t have 1 billion subscribers by now I used to follow you two years ago, but I started listening to your and watching your TH-cam videos and they’re really good. Keep doing what you’re doing incredible.
Thanks Gabe, I often feel like the ‘oddball’ as I’ve never done/bought what the majority do so it’s nice to know there’s others living the same way 😊
This is a good wakeup call for me. To stop worrying about looking wealthy
A thought: We have six kids and 19 grandchildren. The pool we put in is the big draw to our house during the summer. The family togetherness it brings has been well worth the work and expense (long since paid for as is our house). The pool is everyone's favorite place to be. I agree with you in principle, but this exception has been wonderful.
That’s an investment in your family that wouldn’t work for every family. That’s great that you found something that works for you and your family.
My kids and grandson would use a pool maybe twice a year, and we live somewhere where you can swim about 6 months out of the year. 🤷♀️ We bought a weekend place for one of our family investments, it’s 40+ acres with a fishing pond and a home. We’re hoping to build a small place for each of our children on the property.
An older lady came to our house to check out our renovated pool - the pool company asked if she could view ours because it looks so good. She arrived in a beat up old car, I could tell she was very classy, turns out she has 15 properties and just sold off half of them and has been retired for 20 years… my dad has never bought a brand new car and has been driving the same Subaru for 20 years, he’s an accountant and owns a few properties and has never taken an extravagant vacation, doesn’t buy the latest tec. Lots to be said for looking poor! I’m trying to be more like them! My husband has a Maserati, he was over the new purchase a few months later… he’d much rather be retired.
Such an important reminder that I needed to hear right now. Thank you Gabe!
It is!
Look clean and put together, always. A lot of people don’t have the luxury of looking poor and being taken seriously.
As I get older flashy new things just don't excite me anymore, it just temporary "happiness".
The things that matter to me know are the time spent with those that I love and taking care of my family.
When it's Christmas time, I look forward to my mom and step dad coming into town and staying with us, and us all sharing breakfast together not what's under the tree.
Love this. The two richest people I’ve ever known often dressed as if they weren’t planning to leave the house that day. True wealth speaks for itself
Been saying this for years, go to an upscale neighborhood on a Saturday morning to see everybody slumming it while picking up their bagels and lox, then go to a bad neighborhood to see everyone dressed to the nines waiting for the local bus🤣🤣🤣
If you're working poor, you don't have the privilege to dress poorly.
So many jobs *require* this level of dress to be hired.
One temp job wanted me to wear fancier clothes than they were paying me - literally, my paycheck at maximum would be $300 a week while clothes for that job would have cost several times as much. They wanted me to commute in heels. Heels! I was commuting into the city on the bus, with a mile hike to get to it from home. In the rain, in PDX. They called my $200 shiny black ACGs 'combat boots' - and this was before Nike had the US contract for combat boots.
@@CrissaKentavr My early employment history was factory work in which I was issued uniforms I would have to maintain, later my government job was also uniformed but I could get changed at work. For a time our only car was broken and I had to bike several miles to a bus stop that had a bus going to my job. Being carless in the suburbs is definitely worse than the city where mass transit is more accessible. Made my way from below the poverty line (single teenage Mom, food stamps, welfare etc.) as a child and then newlywed to eventually middle class. Never made it to upper🤔but I can definitely feel where you're coming from.
Even as a multimillionaire, we still count our pennies.😂
@@sct4040Yup…millionaires still go to dollar stores to look for deals! 😂
Bingo! Thank you, Gabe, for speaking out for people like me who most people “misunderstand” because of my minimalistic ways. Having financial freedom (in preparation for retirement) is my priority (I’m 54). Still driving my 10-year-old car, wearing only 5 sets of clothes and a couple of sneakers for work, trying to declutter (giving away clothes etc.) and working at my own pace while still being able to have a life (travelling, reconnecting with old friends). My house is small but easier to clean and I don’t buy stuff I don’t need. God bless you and I wish you well. ☺️
You are sooo right! Relax and enjoy your time freedom instead... Stay cool and live......
“Everything popular is wrong”… I love it and subscribing . I also don’t understand people trying to impress people they don’t like .
You dont have to look poor. Just be simple, dress decent but not over done or buying up every high end brand name, drive a decent comfortable car or truck as opposed to the "all eyes on me" porsche, benz etc...stay off social media or at least stop showing everyone what u have....you'll be fine
Yeah
I agree
"Living life by design, and not by default"
Wow this really resonates!
Of course you have to buy stuff, but buy smart, buy only what you really need, buy only once and buy quality not quantity (even if it's a bit more expensive).
My earnings are in the upper 10% - and (just for example) my jacket is a used M65 of 1975, bought for $35. Nice antique furniture from a thrift store. Unique, good quality and cheaper than IKEA.
The most expensive factor are the kids and their group pressure at school. A fine line there and lots of explanation.
What an eye opener.The more stuff you have the more you pay to maintain it.Less is more .Thanks for this video
Driving a 10 year old CR-V (which is still great!) to me makes me feel that I’m driving a safe, reliable car-if maintained. I don’t need the newest and greatest, which I’ve never been into. Your tips are great! This isn’t just important to your mental health, but financial planners would agree with much of what you suggest.
I drove a 10-year-old CRV for a long time! And a Honda Civic before that both are great!
The best thing about buying an older car is that you immediately avoid the biggest cost of owning a car: the depreciation. My first and only car was a £1000 10-year old Nissan. It worked perfectly for 4 years, I probably spent around £100 a year in maintenance (new battery, tyres) and I sold it for £650. So it cost me less than £100 a year to own it. If I'd bought a new version of the same car, that would have been several thousand a year in depreciation.
@@GabeBult I had my 10 year old Forester in for new brakes the other day. The shop let me use their loaner (since my wife and I share one vehicle), a 2001 Civic. I was blissfully happy driving it; fun, comfortable, and simple compared to today's new cars.
Really needed this reminder today. Thanks, man!
Great video. So much of this resonates with me on my financial journey to achieve FI. Yeah, it is not about looking poor, but more so about not trying to look rich. At the beginning of my journey, I was making payments on an upscale Range Rover that I bought new on credit. My current vehicle is an ugly but reliable Lexus that I bought 8 years used. Stop Acting Like you're Rich, because you aren't.
Im about to buy a 9 yr old lexus. How do you like it? How many miles on it?
@@FTYC2022 My has _~140k miles and runs fine. I you are used to upgrade vehicles, there may be an adjustment for a month or so, but now I don't even realize the difference. I adjusted and got used to it being my car. Just like I adjusted to my prized Rover at that time. If the Lexus is a nice, clean one, I would go for it. I think it is worth the investment, IMO. I would consider tech, and make sure the car meets your needs in that area. My thoughts anyway.
@@slmunney7760 Funny you bring up tech because thats what has me considering a 2019 IS instead of the 2015 with 99k miles. I'm supposed to test drive both this week. It's so hard to decide; the temptation is strong 😄. There is a $10,000 difference between the two cars.
1:00 i abide by this rule! I generally dislike something popular. And if i do like it i do my research on said item to see if it is something for me
I remember working with a lady who told me that a customer who came in was actually super wealthy because she only purchased clearance items. Sometime later I saw her in a pickup for food for people who were broke. My coworker thought she was wealthy because she was buying cheap, when the actuality is she was probably making do with what little she had. In either case, I see the practicality shopping clearance for items you're going to use anyways.
Shopping clearance for items you need isn't practicality, it's plain smart. Saving money and living below your means is the only path to financial security for ANYONE. Even the stars making millions to broke blowing their cash. Searching for deals (without becoming obsessive) is a wise investment.
Bought a 2010 Corolla 3 years ago. It has changed my life for the good.
Excellent message - as an older successful acquaintence confided in my, "It's not how much money you make, it's how you spend the money that you make that leads to a fullfilled life". I am now 80 and have gone through the initial eye gliiter stage and have financed things that didn't even need to be in my life. After having gone through a tough financial time I have adapted a practice of never buying anything I couldn't pay cash for - if I didn't have the money, I wouldn't buy it. Amazingly as a course of routine, beautiful things have been presented to me and our house reflects this beauty. We have spent very little - money wise, for the beautiful things in our life. We are not incredibly rich but the Greater Universe has provided richly with payment that cannot be measured - just having the opportunity to be here!😊
What led me to saving more money is shifting my mindset to buying things only when I need them and for my own satisfaction not anyone else's. Also If I cant afford to buy something right now I know I'm on my way to buying it in the future. Anyways thanks for the affirmation.
I chuckled at the title of this video, because one day my hubby and I were walking down the road, and a person asked us for money. One of the locals who was living on the street, told the person to leave us alone as we were pensioners. We were not pensioners, but we were living in a 23 square ft. office, and back packing at times. Weirdly enough, we both felt free, met interesting people and got round by public transport. Now we live in an apartment, and have the use of a car, and I feel trapped. Way too much to take care of, taking up too much time, and money. For us having less was actually having more.
Guess how I feel with three cars, huge house, huge yard.
More and more I wanna sell fking all of it. It owns my time and my future.
@@patty109109 I can understand that. There was a video of a couple who decided to sell everything and live in a hotel. No cleaning, no garden. Lot more time in their old age to enjoy travelling a bit. Something I would love to do. Perhaps we need to just consider all the pros and cons, and then make a decision.