Why I'm OBSESSED with Saving
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- เผยแพร่เมื่อ 23 มิ.ย. 2022
- 13 Reasons Why I Love Saving
Money is a powerful thing and if you manage it correctly, it can change your life for the better. Oftentimes, when speaking about saving money vs spending money, there is the question, "What is the point of saving money, if we are all going to die?"
People ask that question because you cannot take the money with you, so you might as well enjoy it while you can. I think people say this because society tells us that life is better when you spend more money. As if the more you spend and accumulate, the happier you become; however, I argue that the more you save, the happier you become.
In this video I give "13 Reasons Why I Love Saving."
1. We're all going to die
We are all going to die and that is a fact, but I think in order to maximize your time on this planet you have to save money because if you spend all of your money, then you have to work more. However, when you have money, you can have more control over your time and do what you want in life.
2. You can't buy your way into happiness
The problem with trying to buy happiness is that society is constantly evolving. Once you have the latest possessions, the new one comes out and you have to get the next one. It is a never ending cycle of spending money in the search of happiness.
3. The lack of money can make you unhappy
Money won't make you happy, but the lack of money will make you unhappy. We need more to survive and pay bills. If you are unable to meet your basic life needs and are constantly worrying about money, then that can effect your happiness. When you have savings, you avoid the unhappiness that comes from the lack of money.
4. Money can improve your life, but only to a certain point
Constantly spending money isn't going to improve your life, but spending money on certain things will. That means "meeting your basic life needs plus a bit more." For me, I spend 40% of my income and save 60%. I believe that is how much I need to be happy and I save the rest.
5. Sitting money gives you peace of mind
Sitting money is money like my emergency fund and investments that I do not plan on spending for a while. It is a nice feeling knowing that if I lost my job or needed to cover a big life expense, I could cover it financially. When you spend all of your money, you are depriving yourself of the peace of mind that comes from savings.
6. Sitting money makes you less desperate
If you lost your job and had no money in savings, you would have to take the first thing that comes your way. That often means bad bosses, low pay, and no benefits. However, when you have money saved, you can wait it out longer until you find something that is good for you.
7. Sitting money makes you more money
Having money invested in the market can make you more money over time. I invest in index funds, which on average have a yearly return of 10%. Although that is not guaranteed, if you are patient, your investments will start to be a passive income source making you more money.
8. You don't have to be as frugal
Frugality means different things at different phases of life. I have noticed as I get older, my standards get higher. When you have money saved, you do not have to be as frugal and redefine what frugality means to you. I will always be frugal, but having money saved allows me to change my definition of frugality over time.
9. Delayed gratification is better than instant gratification
Delayed gratification is "the ability to wait to get what you want." Many people use money to get instant gratification, but this often fades away very quickly. If you save and delay your gratification, it will be much better than instant gratification.
10. You don't have to base your decisions off of money
When you do not have money in saving, you have to make decisions off of money. However, if you have money saved, then you do not have to base your decision off of money.
11. You're able to take more risks
Money equals options. When you have more money saved, you can use that money to allow you to take more risks in life.
12. Life really is better with less
In my life I have learned that happiness comes from community and experiences, not from stuff. When you have less, you appreciate what you have on a deep level. When you embrace living with less, saving becomes very easy.
13. To live life on your terms
The point of having money saved is to live life on your terms. When you have money saved, it gives you options and you are able to live your life on your terms.
I do not believe that the more you spend, the happier you become. I would prefer to save my money, use it on things I enjoy, and let it allow me to live my best life! - แนวปฏิบัติและการใช้ชีวิต
![I Quit Seeking Happiness Through Money [here's why]](http://i.ytimg.com/vi/W_lEOKKGRAA/mqdefault.jpg)
![I Quit Seeking Happiness Through Money [here's why]](/img/tr.png)
One great quote I saw online that I now refer to as motivation for saving is: "He who buys what he does not need, will someday need what he cannot buy"
Oh wow, I’ll keep this one in mind.
One great quote I heard was Milk Milk lemonade around the corner fudge is made.
That is always a safe argument😠!!!
You've put each word perfectly and that's nice! It's something to help us live by and to encourage how to spend our money wisely. 👌🏻
or waste not want not
Being frugal allows life more stress free also by prolonging the length your money last which in a way equals freedom.
#6 hit home for me because I've been there. I've been on jobs that I absolutely hated. Treated horribly by management and colleagues, but I couldn't leave because I needed that job. Once I learned about Emergency Funds and the benefits therein, it was a game changer for me. I recently changed jobs...but it was done with patience and far less (if any at all) panic a desperation. I am living my life on my own terms these days because I have that precious tool that helps me make my decisions as I see them to be necessary...I have options, I have money, I have health...I'm good!!!
Im homeless living in between my SUV that I converted into a camper and hotels for the past 6 months. I do miss having a home, hopefully I find a place soon. Im glad this sacrifice got me out of a big credit card debt, it is all worth it
It’s possible to go too far in either direction. My philosophy is save some, spend some. It’s not about trying to buy happiness with things, but using it on experiences is worth it, and doing it younger is better. Old age decreases your ability to enjoy certain experiences, so save some money for later in life, but don’t put off all experiences indefinitely in the hope that you’ll do it all later.
Exactly!
I agree Joe, I lived frugally worked hard, and saved invested etc. I retired at 51 with a modest pension, full health care coverage and savings. I've traveled, any really enjoyed the benefits. I'm 73+ now and have had some health issues that have slowed me down. but I'm still enjoying life. I'm glad it all fell into place for me. But your right don't put experiences too long.
Well said.
I think moderate spending is the key. Learning how and where to spend your money cannot only give us financial security for the future, but it can also give us the right memories to remember when we grow old.
My great aunt was 88 when she passed. She didn't have a life insurance policy, but she hid cash all over the apartment she shared with my sister. There was more than enough to pay for her funeral. Should she have invested it? Maybe, but that wasn't her style. She was about 40 in 1929. She lived through hard times and didn't trust banks. She was born in the late 1800's. I was a teenager when she died. Maybe she misplaced it. I've done this. Yesterday I found cash in our house. There was enough to buy groceries I ran out of cash for. We're buying items from BJ's so we don't have to shop weekly. I really hate shopping. Not shopping every week will free up cash and time. As we pay off debt, we have more options. We're unloading stuff we don't need. It's nice having space in my home and budget.
Sacrifice today for a better tomorrow.
I did it my entire working life. Paid off in retirement.
Peace of mind is so important, I have an emergency fund and was recently hit with a medical issue out of nowhere, I wouldn’t have had the money to deal with this health issue without my emergency fund, and would have had to go into debt, or borrow from family. I’m so, so glad I’ve managed to put a little bit aside for these sort or unexpected emergencies.
I hope you have made a speedy recovery.🙂
Thank you 😊
That's nice! You really are good with money. I hope you are well now and doing okay. Thank you for inspiring us to do just like you - to save and prepare for any uncertainty life may give us. I'm also excited to hear your thoughts on some of my videos. All the best and see you around 😊
Are you in the US? I heard, you society doesn't have accessibility to healthcare and stuck paying out of pocket or must get fancy job with insurance. Oh well, at least your taxes are low and you can get killed by gun violence, so you don't suffer too long 😂 You guys need to get your country together! Or you can move to mine, way better life here, north from ya
saving money makes me feel like I have my life under control. It allows me to know that I can choose to purchase something when ever I want to, but that I have good self control to be able to not do it when not required to. Keeps you going for a goal, with a set number to go for. For instance, aiming for your first £10,000 in your savings account. Then going onwards from that. But there should be a balance too. I don't want to live to work
I know they say money don’t bring happiness but like I always tell people for what it does for me brings me happiness like 1 it’s pays my rent for the whole year and keeps a roof on my head it gets me food from the supermarket so I can feed myself it brings a peace of mind also for me I save every paycheck so I there’s never no worry on no bills cause they say u should have at least 6 months of rent saved I got a whole year of rent saved and I can travel anywhere with no worries I’m just so happy and bless to know I got money saved I know u can’t take it with u when u die but I just can’t and will never stop saving money
Keep saving.
Our frugality has made us millionaires. We prefer to live a frugal life regardless of how much money we have.
You sound exactly like my parents. Both in their late 80's and have more money than they could spend but have absolutely no interest in spending any of it. 😂 Frugality is very ingrained.
@@Michelle_Emm I'm the same way as your parents. I'm not rich by any means, but, by the end of this year I'll be reaching 60 months (5years) of my living expenses in savings/investiments. I'm not frugal but I'm minimalist and don't spend alot.
What I really love is the peace of mind I have to not being bother my money if any emergency pops up or if I my work contract get terminated. I don't fear my bosses, I don't fear the banks cause I'm safe financially. Of couse I'm a very compentent and well manered professional but not afraid to speak up or walk away if I get mistreated in workplace.
I really undestand your parents.
@@Michelle_Emm And just do add, I see how my coworkers fear the bosses and the company. They salary is pretty decent, but, they have uge debts, so they scared to death to lose the income. I leave freely with no worries.
@@TheCelmap yes frugality is ingrained in me too. I retired at 56 with my house paid off and no debt. I'm 61 now and living on savings and investments until I reach 67 when the government full pension kicks in.
I need little and want for nothing. I am not wealthy in money compared to most of my friends but I feel like the richest of all.
@@Michelle_Emm Awsome that you were able to retire by 56. My parents didn't care for their future so by now that both are 57 they still have a uge morgage and are living paycheck to paycheck and sometimesthey can't even make the end meets. I'm 34 and want to quit this corporate life by 40 to 45 at maximum to run my small business which is my passion. Want to live life ans work in my own terms with lots of money in savings/investiments. I don't have any kind of debt and hate it, frugality/minimalism sets your free of any prison that another human beign wants to trap on you.
I have lots of friend that love spend lot, but they are always stressed and worried about money. Thankfuly I have bought my feedom which pays me for my peace of mind.
Thanks for sharing.
I have a Lot of nice things, I've lived almost everywhere, I've traveled all over and I have to say that all those things I've done did not make me happy. In the end all I want is a tiny home with a porch to drink my tea knowing I have money saved in case I break a hip or something LOL :) Saying all this at 36 makes me feel like 63. We save so we don't have to depend on so many for freedom to live the way we want.
I used to save 76% living on a boat. After 7 years bought a cheap house, put a roof on it, did some good hits on the stock market and killed the mortgage in 3 years. I've celebrated by now saving 56%. Hard core for 10 years but I'm now rent free. Don't have a lot in savings but heading towards 6 month emergency. 58 now. It dawned on me at 48 that I was heading for a serious loss of dignity. Wouldnt recommend going hardcore. Anyhoo its done now. Really agree with your thoughts, I spent a lot of years sailing and working in between. Saving gives you options. No cash no options. Thanks for your vids. Cheers from NZ
My mom always said, "The second happiest day of your life is when you buy a boat. The happiest day of your life is when you sell the boat." Haha, always thought that was hilarious. She was from a big boating family. Thanks for watching, Simon!
Hi fellow kiwi. Which stockmarket did you dabble in? I find the NZ market doesn't move much. Sharesies now has the option to invest in US and Aussie stocks although both are taking a plunge at the moment. Good buying op, although some TH-camrs think the US market will recover slightly and then trend downward again based on past bear markets.
Only 6 month emergency?
I never had the concept of sitting money and delayed gratification in my money relationship before watching this video. You totally spelled it out for me...I literally had two pretty bracelets in my online shopping cart and now deleted them. That money is going to SIT instead! I'm sure I'll feel good about it later😉. Truly, thank you.
Right on! I'm happy to hear that and it's great knowing money is there to protect you through this crazy world.
One quote i read is " I buy my freedom with my frugality " love you channel Austin , keep saving my friends
Great quote!
So true about the phone, cases, accessories, etc! That first decade of smart phones I was getting one every two years (carriers had started pushing 2 year upgrades even before smart phones). I have been on prepaid for years now and keep my phone for years. I also buy my phones unlocked from the manufacturer, so it's kind of fun to jump to different prepaid services to try them out, and no hard credit checks involved for prepaid. The "Sitting Money" resonates with me too. When you're able to finally save enough to cover emergencies, then save enough to cover a few months of expenses, you're able to breathe! When you have 6-months to a year saved, you start to worry less about your job and maybe even become bolder in your job because you have a safety net if you lose it. Delayed Gratification -- that's not something the credit card companies want you to experience! As a kid I remember saving up allowance to be able to finally buy a printer or modem or other gadget. It was so satisfying when you finally had enough and could go to the store and pay the cash for it! Even now I still "save" for a large purchase or delay it for a while to make sure it's something I really want.
The idea of a kid saving up to buy a printer is funny! Yes, it is a nice feeling to know that life can't hit you that hard. Thanks for the comment!
@Josh Ferguson - Same thoughts here. :) I have an i-phone 6 and drive a 2004 car - it's so reliable! Meantime, only 15 months and two weeks to go and my house mortgage will be paid. No other debt. Then I can really save fast for some 'wants' like a big screen TV and a nice holiday.
@@maria_nz congratulations on that!
I remember hearing that everyone in China saves 30% of their income. I had an appointment with a client who was born in China. She has her CPA so I thought she would be a good person to ask for verification. She said everyone in China, rich or poor, saves 30% of their income. I asked why they save so much. She said it is because they have zero hope that the government will offer any kind of assistance for them if they fall ill or are too elderly to work. I have given some thought to that as to why Americans are poor savers. Perhaps it is because we have a belief that no matter what, our country won't let us go without food, shelter and healthcare. I live in Los Angeles, we have over 100,000 people living on the streets, many are elderly and have major health problems. I can assure you that the government is not helping them.
That's because America has very high population compared to countries like Australia,UK and Singapore.
AUSTRALIA has one of the best public healthcare in the world.
Only 30%? Weird... I aim for 50%+, I have background from USSR/Siberia 1980-2004, Canada 2004-now. I'm Polish Ukrainian Jew, maybe it makes a difference? I try to save every cent above my needs. Luxury items are rare in my basket. Maybe once every 3-5 years. I also derive huge joy from creating, not as much from consuming. I've developed this habit personally, in adulthood, since I'm RESPONSIBLE for my own life as of 18. I took that responsibility seriously! Got educated, got wise, established goals and followed through, immigrated, have a family. It's important to parent yourself correctly after 18.
Yes! I totally agree with you Austin regarding "owning less will make you appreciate almost everything deeply in life" That is what I am experiencing right now, whenever I appreciate or say thank you sincerely with the people who made something to help me, they were astonished on how I say 'Thank you and how appreciative I am to them and I kind of liking it because I am saying it genuinely.
"When you know life is better with less, saving becomes so easy"
This is SO TRUE!!! It's the simplest thing to learn. I adore you Augustin, I love your little dances at the end of your videos. Take care my friend x
“If you buy things you do not need, soon you will have to sell things you need.” Warren Buffet quote
I think your personal legend as described by Paulo Coehlo in The Alchemist is teaching. You are an incredible teacher. You’re filling a void in the money space that was desperate to be filled, which is to teach in very simple and practical terms how to relate to money. Kudos to you 🙏🏾👊🏾
Can't tell you how much this comment means to me! I've read that book like 10 times. Thank you for your kind words!
Same sentiments here, he's so passionate in sharing all this information 💯
The most important thing in life is love/friendship. If you have a loving family one has support and riches. Sadly, one cannot buy this..
For years and years i didn't take savings seriously and just never paid attention. When I got in my mid forties I finally found out how treacherous life was without money. I saved. But then blew it all on nonsense.
Then I was humiliated having to get food stamps, welfare and a loan to pay my rent. You can only imagine the environments you go into when that happens.
After a lot of tears and being FIRED by a hateful boss,(for no reason other than her power trip) I swore this would NEVER happen again.
I saved and saved and saved some more. I prepped my apartment with long term necessities like canned goods, rice beans and pasta, tuna, granola.
No concerts, no ball games, no cable, no car, no mortgage, no unneeded clothes or gadgets.
Public library for books, the occasional movie and reference books.
I did travel but on the cheap with Megabus and other discount means. And for a long time I was a hostel king. But you're right as I got older and the bank account is much better I don't like hostels much anymore and only stay when hotels are just too much like NYC or Chicago.
What I love now are what you said options and choice and NOT being a slave to a paycheck or the whims of other people controlling my time.
The pandemic helped with greater self discipline as I was forced to cut out money wasting habits like the daily starbucks at 5 to 8$ a pop. And other little habits that creeped up on me. That money is now in SAVINGS. Sitting money😊
I still save half of my total income every month and it feels GREAT to have that peace of mind.
Thank you
Money can't buy happiness BUT MONEY IS IMPORTANT / ESSENTIAL TO LIVE
I save so that if there's an emergency, I have the means to financially take care of it and pay cash. Also, due to a family medical emergency out of state, I am able to eat out and not worry about the costs (eating out is not something I do when at home). I also had $2365.00 worth of car maintenance, I was able to pay it off in cash. When shopping, I am a minimalist. I have nice clothing, but I don't have lots of clothing. I buy when I need. I save so it gives me the security to do anything I may need to do when something spontaneous occurs. I save so it relieves me of any stress of bills, something I'm glad I don't have. I don't feel I am frugal. I just don't need a lot of stuff and things. Too many things overwhelms me.
I usually find that the people who ask that question are the ones living in and with debt. The same question can be asked of them... if the end result is death, and that's all you're willing to see, then why live? Side note: being cheap isn't the same as being frugal. Frugality is being intentional with your money. Keep up the great job on your content. There will always be internet trolls hating. It's so easy to be negative and hateful when someone is behind a keyboard.
Very well said!
Trolling is fun. Let's be honest. Nothing beats trolling sjw or woke NPCs. But Austin is someone who gives us freedom and good knowledge.
Ignore them my friend. That's the best you can do.
I agree! There's a big difference between being cheap and being frugal.. I hope you don't mind me recommending my channel and share your thoughts on some of my videos. All the best and see you around 😊
We die only once. We live everyday. And we need money for many things.
Great points! I stopped spending as much money on useless things when I looked at it from a different viewpoint. I would calculate how many hours I would need to work at a miserable job (taking into account the taxes, expenses, etc.) to buy said item. Most of the time, said item was just not worth it. I also started to look at the things around me as my energy and time spent, and it was a real eye-opener. I wondered why did I waste my time and energy to acquire all of this? So, I curbed my spending and am using up whatever I have. If I buy something, then it’s a necessity. Or, I’ll spend some money on travel and experiences.
That's the easiest way to minimize our spending - to always convert the value of anything to the time of hard work it would take us just to buy any thing and that will make us realize that sometimes it could have taken us years of long works just for unnecessary things.
That's a very good way to think of it I'm going to try that myself thankyou🌈
@@joannedibben2352 - That theory is directly from the book "Your Money or Your Life" by Vicki Robin and Joe Dominguez written in 1992. The book has been updated for today's modern times but the message is still the same, we trade our life energy for money. The book is on TH-cam - Your Money Or Your Life AUDIOBOOK FULL. Or search for Vicki Robin.
I wrote this:
The Layers of Why
1. I want to be Debt Free
WHY?
2. So my monthly expenses are low and easy to cover
WHY?
3. So I have money to invest
WHY?
4. So my investments will grow
WHY?
5. So I can live off the dividends
WHY?
6. So I don’t HAVE to work anymore if I can’t or don’t want to. I can be free from the “I HAVE TO”
WHY?
7. I want to live with dignity and comfort in my old age. I don’t want to have to work at WalMart to try and make it month to month.
WHY?
8. I want the luxury of CHOICE. I don’t want to be a burden on my children. Old and surviving on welfare just scrapping by. I want to travel and just enjoy a carefree life as much as possible. And to possibly leave $$ to my kids & grandkids when I pass on.
Dignity, Comfort, Choice, Travel, Carefree, Leave an Inheritance, Enjoyment, Freedom
Thanks for writing that out, Kelly! Yes, it's good to know the "Why."
Fantastic Kelly. That's a Credo to live by!
I really love this! ❤️
Pretty good but I would change out the word dividends to something more accurate such as distributions.
When I think about this question, I think that any money I’ve saved when I die will go to my daughters future, so the more I can save the better whether I get to enjoy it or she does.
I love everything you say, I love your perspective of money and balance, I did a no buy period of 3 months an although I reached my goal, and could pay some debts, I was a depriving myself too much, now I’m being frugal but I’m trying to not feel guilty when I spend money on experiences with people I love. One thing that it’s funny and weird for me is that I’m Ecuadorian and feel cool when you talk about Ecuador but also kinda weird cause yeah there’s places where people don’t have much but it’s not just that 😂 is a rich country in other stuff, the soil it’s so fertil that can grow whatever we want so food is cheap, rent is cheap, and not everyone is poor yeah just clarifying that 😂
I always look forward to your videos. Blessings from Toronto 😁
Thanks!
Will you believe I'm watching these videos on repeat so that the concepts become concrete? You have great insight in financial minimalist which is practical and easy.
Thanks for your efforts!!
Right on! Glad you are enjoying my videos, Meghana!!
I just had the worst financial situation imaginable a few hours ago...I will do better
I started as an accountant, so to learn quick how to manage money. I always had savings; I bought second hand cars and motorbikes. I bought older houses and did a lot on rebuilding’s myself, I had never has loans from banks. I do not want to work for greedy banks. So, had / have villas, a lot of cars and motorbikes. And NEVER money problems.😊😊😊😊 On school, they teach you a lot of BS, except how to learn manage money.
id rather live with some savings than live broke
I live in Canada. I am a low income person. I love saving.
I found out that I need a MRI scan. I would have to wait for 18 months or more to get this done for free. I have more than enough in my emergency fund to get this done in a private clinic. That will give me peace of mind; that is what saving gives me.
Give yourself the gift of money in the bank whatever the amount.
It's hard so switch gears when you've been a saver all your life. I'm 63 and need to start spending, but old habits die hard.
I spend too much money on plants 🌸🌼🌺 but I love them and like you say, you only have one life,,
In the lockdown, I treated myself to a polytunnel ( hoop house in USA) to lead a more self sufficient life , yes it was expensive but I have have had money back in cucumbers alone ,, the enjoyment that my polytunnel has given me is priceless and you just can’t buy the freshness and quality of the produce I grow in the shops , best wishes, Lisa
Your right Austin about not having money is going to make us unhappy, and buying stuff will make us temporarily happy. a very simple idea that most people don’t understand. now I understand 👍🏻 thank you
Well, you gave me a challenge, I was saving 40% and using 60% without any effort but I think I am going to change and try to save 60% and live off 40%
I am 80 and in fairly good Health I still save so I can die in comfort and also soI can help my kids out while I can enjoy seeing their happiness.
LOVE your enthusiasm and passion. Great stuff. Enjoying it on my daily exercise walk. Double win. 👌👍
Right on!
Money is a form of security, to me.
IMO the key difference between saving strategically and self deprivation is PURPOSE. Great video Austin!
Well said!
Hello Austin Williams! Just watched this new video of yours and love it. You put your heart and soul into these videos and I really appreciate your knowledge and time. Even being 63, I learn continuously from you, Austin Williams! THANK YOU!
Thanks for watching and commenting as always, David! I'm trying!
Money is precondition to health and happines!
So true. Peace of mind from savings is priceless.
The point of saving money is Freedom.
I have zero debt of any kind. Plenty of bank account & investments to the point of employers become oh so nice and kind. If employers are not nice and kind oh well time for a vacation.
hahahha that's the best one. Time for vacation lol, really want to in this level. will only be very confortable by 2025 when I hit 100 k in investiments and a full year of emergency fund.
@@TheCelmap that’s fantastic keep up all the great 👍 work your doing to get there. It becomes fun 🤩 after just a little while.
My mom retired in Ecuador 5 years ago in Salinas. I have visited her several times and I know what you mean. I have seen some very poor spots there but people were always so happy. I tell people we as Americans, no matter your ethnicity, have what I call "American Privilege". If you are from the states and complain about them then go to Ecuador or Peru for a few weeks and live like a lot of them. You will come back home and kiss the ground. It really is that different, but again the majority of people there are fairly happy. Love your videos. New subscriber, and I have been binge listening to your videos all day while working. Thanks for the great content.
Hey Austin!!! Once again, you’re spot on!!!!🎯 And this should clear up things for inquiring minds regarding the importance of savings. Thank you so much for sharing your wisdom.
As always, thanks for watching Sharon!! I appreciate your comments!
Fantastic video! Saving is awesome especially if you have money left over after all your expenses to invest or increase your emergency fund. It feels good to be secure and not have to think about money 24/7.
Very good advice. I have in past years been desperate because of a lack of savings. It is a miserable feeling.
i am motivated to save up for annual vacations now. we paid off our upcoming cruise months ago and cant wait to enjoy the cruise this summer
Saving money is very important that will save you at some point in life
Great content. Can’t believe you don’t have more- way more subscribers!
New subscriber here..this is another new fave minimalist channel..i totally agree!
Thanks for watching!
Thanks for sharing
Yes, we all are going to die. I love saving money too. When I die I hope to have savings to leave all of my loved ones which includes 10 beautiful grandchildren. In the meantime peace of mind is worth every penny saved!
Forget about the trolls they have nothing to do. 😂 my husband asks me the same question. I say that’s what I believe on doing and it is better than having no money when I get old. Nice quote I liked!
You are such a smart man !!!!!!!!!! Great content !!! I saw today, a bottle water holder that you should like a purse... Sure did wasn't it .... But it was 35 dollars... DIDN'T buy it... I could live life without it.... Now I take that unspent money,,,, 💰 and bank it...
Oh my gosh, Austin! I think I knew you when you were a kid. We were close friends with your family. Congrats on your TH-cam success!
Wow!! The internet is crazy!
I agree with you 100%. I am also obsessed with saving and I have experienced delayed gratification. You should make a video about the power of compound interest.
I'll put it on the list! Thanks for watching, Sergio!
I sold my home at 50!after 70hr work weeks and never seeingmy family managing resthomes . Got my daughter great education she now mother works 3 day week in corporate world and can work from home I look after grandchild couple days a week now do 3 day week no more management positions paid off all debt got emergency fund savings and just do pension fund got life insurance worth 400000 for 150 month. Rent beautiful million dollar apartment by beach 500 week feel on holiday everyday. Travelled 40 countries with husband who died aged 67 at Xmas. Glad had all experiences prior and before COVID. Now frugal downsize volontary simplicity recycling minimalism , frees up time for family and friends been semi retiring since 50 not waiting till 65. 3 day week as rn gives life some purpose but not enough burn out. Just save cash and pension fund for retirement Daughter with education earns more in 3 days than I would earn in70 hr week
Hey Austin, love your channel, mostly agree with what you say! But let me ask you one question: do you have or want children? I am a woman, who has two of them, now grown up. I was widowed at a young age, for me happiness was never only in buying things. But often i had discussions with my son, who was influenced by classmates and friends, who wanted to have the same fancy stuff his friends owned... He had all he needed, we were not poor, but i refused to buy him the newest and expensive brands he longed for. Today my grandchild has the same taste for expensive things.... I always had the focus on doing something interesting with my children, instead of buying things. So what and how would you teach children to see money the same way you do?
I love seeing this channel growing so fast Austin. You give us so much that you deserve best in life. Side note - did you ever consider being an actor? I see you in a comedy sitcom man! :)
Haha, I've done stand up before, but not my thing! Very challenging! I like being in front of a camera though, TH-cam is very fun for me. Thanks for being a part of this journey, Agn!!!
I am a little older than you and having spent 3 decades being frugal whilst working in a modest job I retired at 51. I was able to do this as I had amassed enough reserves to no longer work for the rest of my life, I can do this not because I’m very wealthy (I’m not), but because I know I don’t need very much and sustaining my basic needs is fine. When you achieve this equilibrium point as a frugalist it brings more different questions about life that I think it would be interesting to discuss.
On a different point … it was very amusing to see you must having a Netflix subscription as being an essential thing! I’m quite content with no tv, no subscriptions to anything. Perhaps it was a joke?
Just a joke, haha! Definitely not essential, but like to put in a joke here and there.Thanks for watching, Matt!
Austin, I love your channel !!! You are an intelligent person. I love to study new money saving tips and yours are awesome 👌
Glad you like them!
Thank you for sharing. I'm definitely working towards this goal and found your channel soon enough to share it with my you daughter.
Right on! Thank you Lissette!
Money gives you options and freedom! And we are all leaving a legacy whether we know it or not! Our money should be built as wealth to be passed down for many generations after us. Love this video! 🙌🏼👌🏼
Legacy. What is a legacy? It's planting seeds in a garden you never get to see. Don't know if you get the reference! Thanks for the comment and watching!
Awesome critical thinking video. Your right ❣️
I have a peace of mind because I have savings for my 2 year living cost, in case I lose my income unexpectedly. And I have some sinking funds ( for annual property tax, birthday gifts for my kids, Christmas, summer holiday, and car maintenance/ repairs). I earn minimum wage but I manage my finance well
I'm in total agreement with you Austin, well said👏🏾
Thanks Warren!
@@ElAgustin you talking good 👍🏾
Way to answer the trolls! Great job listing reasons for saving!
Amazing value in this video. I needed this. Thanks for sharing
Your channel is really growing! Great job.
It is, isn't? This time last month like 600 subscribers!! Pretty wild.
Where were you when I was in my twenties??? Oh well, I'm taking advantage of your knowledge now. Great video. Love your approach to saving.
Either a kid or not born, I guess. haha!
Your right money gives you options. I love picking up,stuff and have it travel with me threw the store. By the end I have placed it down and talked myself out of it. My friends get mad because they have bags and I don’t. I just taught them I had a good time and didn’t need a thing. There times I do spend , on serious good buys. I love quality over quantity .
With your suggestions I have money left this month in case something comes up! I have paid all my bills & have paid off 2 charge cards. Peace, happy, relieved. Thank you for your advise!!! Judie
I FULLY AGREE. I LOVE SAVING MONEY! I love all these reasons, so great.
“Money can’t make you happy”. This is a very important tell about people. That let’s you know they will lie about other things also.
Thank you! This is another great video.👍🏾👏🏾
Thanks for watching!
Nice video. I lived in Buenos Aires for three years around performing artists who had very little, but who were much happier than many of the people I know who make a lot of money in the US. I think I learned the same thing you did from your experience...one needs very little (as far as material things) to live a happy and connected life. As long as you don't get wrapped up in keeping up with the Jones' once you make it back, you'll be set for life.
Yes, it's hard to practice what you learn from other cultures as you get consumed in the culture you're in!
Correct its all about choices and money brings us that. Exactly that ! money buys freedom of choice and living life on your terms.
Love your channel. You are inspiring.
I like being frugal because it keeps me on my toes. I am forcefully being aware of my spending. that builds character.
Exactly!
I see savings as the saying "an ounce of prevention worth a pound of cure"
Peace of mind! I will be able to do whatever I have to do.
For years I struggled to apply the Law of Attraction to manifest money but minimalism and saving have proven to be more fulfilling.
i like ur videos austin........keep them coming
I appreciate it!
Thanks for content
Thanks for watching!
Your presentation is really entertaining once again and the content always interesting 👍🏻
I just want to say. You look like Berlin from Money Heist :) Keep it up the good work!
Most logical answer ever. Thank you.
Agree 100% ❤️
Thank you for another inspiring vid! Time runs fast watching your interesting lessons!
great video! going to focus more on the feeling of having savings instead of things! :)
Your a wise man.... thank you for your help and knowledge xx
Thanks for watching, Nina!
All true. Everyone should have a ‘rainy day’ fund for life’s unexpected events. Those who don’t get stressed or get into debt. Better to be in control, have options and sleep easy :)
New camera alert! The video quality is really good and as always a great video.
lo, thanks for noticing, Dina! Slow and steady I am working on it all. New mic too, not sure if that was better?!
@@ElAgustin Of course! It is better. Loud and clear.
Loved your response to FOMO