I have had some very rich clients over the years when I was selling Real Estate. My wisdom tells me the rich get rich by being frugal. Hollywood stars are showy and many are broke. I knew someone who bought luxury and couldn't pay the rent that is addiction behavior. I am not very frugal but I am retired, I am comfortable, content and I have some nice things. It has taken me a lifetime to learn to live within my means. Being happy is a luxury.
True. People want to be like the 'stars' they see on TV and in magazines. I am convinced that most of them have less than most of us. It's a strange addiction but I once bought into that. Now I do spend money on things that give me a bang for buck and not bankrupt
You are very different from other youtubers. I have been following your channel for a while and you make both luxury content and at the same time about other valuable ideas which i personally love. It is not wrong to buy luxury items but never to a point where it breaks the bank. I have been there and now back to normal :) and i understand. Thank you for this wonderful content. Also i love how you reply to every comment. That's truly commendable.
Thanks a lot for this video. “Spend BELOW your means” was such a powerful message for me. I’ve always heard people say “spend WITHIN yours means” but this makes so much more sense. I am a true shopaholic. In a week I can buy at least 3-5 pieces of clothes and a bag every quarter. I will try to strive to do better! Thank you for your videos, they are great reminders on intentional spending.
Yes!!! Spending below your means is the key. If we were to buy everything we could afford, we’d eventually go broke. Save before you spend, and if you can, save more than you spend. Your future self will thank you! 😉
We need more videos/content like this. The temptation to spend needlessly is all around us. Temptation even pops up in every app on our phones, for goodness sake. I think, like with addiction, we seek any opportunity as permission to continue with bad behavior. Like, if everyone around us seems to be spending needlessly then it's okay for me to, so long as the truth stays hidden. We've also bought into the lie that image is everything. So, as long as I present well with expensive clothes, accessories, vehicles, then they won't see how I'm really struggling financially, emotionally, mentally, and physically. We seek material items to comfort us and bring us joy. But at what expense? We are sacrificing time with our loved ones by working tirelessly to pay for stuff we don't need. And, it has become about living in excess. How many shoes or handbags does one person need? Watching "closet tour" videos recently I hear people say, "I don't really like it, but I bought it because.." Or, "I don't use these anymore, but it's nice just have". Why? Why is this acceptable? Why are we not holding each other accountable? Partly because we are living a lie. And we don't want to offend anyone. I applaud you for doing what is right by using your platform to share wisdom and knowledge. Thank you, thank you.
I was a university student for many years and only started working and making my own money at the age of 28, so a pretty late start on the path toward financial independence (still a long way to go to reach financial freedom hahaha). I have been living on a low budget since graduation to this day, and I haven't bought any luxury items except recently I finally got a pair of designer eyewear. I am quite happy with my life despite not being able to afford expensive stuff. Hopefully in the future I will be making more money so that I could afford some nice handbags, but for now, I am perfectly happy without them.
I attended business university and they never thought (us) students about money mgmt, investment, retirement, living below my means or living a debt free life. My family migrated here to the U.S when I was young and they had no idea about this stuff either and we thought living in the U.S means you will be rich one day and live the American dream. We learned everything the hard way and that money does not grow on trees 🙈. It's helpful to watch videos like this, thanks for sharing.
it helps when a store is snobby and rude beyond belief. A LV SA once followed me around the story within a few inches and I would quickly turn around and he would pretend to look at the floor. Uncomfortable feeling = money saved. I'm in my upper 30's and haven't bought a bag in a while because the allure of it all is fleeting
I agree with you. Their are so many people out there who look rich, but they are broke in their bank accounts. They max out all their credit cards in order to own nice things. My finances are pretty good but still I wish I didn’t do all those impulsive buying. I used to make those mistakes in my 20s, and now in my 30s I shop very frugal and only buy things when I really need too. I also buy things without my impulsive thoughts I buy things with a better mindset. For instant, I use to buy the next popular handbag in the market without thinking if I’m even going to use it or if it matches things in my closet. Now, I will only buy when I know I’ll use it a lot and it matches more than 10 outfits in my closet. I have to also have an idea in my mind what I buy before I buy it. I also buy my clothes from Goodwill and second hand stores because I know I’ll save a little extra and still get good quality clothing and items at very decent prices. The older you get, the more wiser choices you make. At least, that is me. Thank you for sharing this video. You are a breathe of fresh air. 🧘🏻♀️
I have been rotating 2 jackets for the past 1 year when I go to work and noticed no one remembers or even cares about what I wear. That allows me to cut my clothes shopping significantly and to purge. More importantly, I learned that I don’t have to rely on other’s compliments to be happy. I’m now more in control of my happiness. Thank you for your message.
I also found that whenever I dress nicely, I have a totally different experience at a boutique. Besides, most of the rich people around me have a very humble lifestyle.
Thank you for sharing. Whenever I need courage to avoid my spending habit, i straight away go to your TH-cam channel and thankfully it works. I really like your mindset. I find it interesting because i feel we have similarities about loving luxury items but still concerning about the future finance.
This is what i like about Aileen and her channel. Its not only about luxury its also being money smart so that you can also enjoy your life in the future. I only have 1 luxury bag from LV which i did really took my time and made sure that I will use it and enjoy it which i did learn and realize from Aileen. Thank you Aileen for being an inspiration. Love from the 🇵🇭🇵🇭🇵🇭
💯 spot on. Living well below our means, saving and investing is how we grow our wealth. As a fellow luxury TH-camr, I’m so happy to see others put this message out there. I’ve always said, save before you spend. Pay yourself first. Beautiful things are lovely and we are to enjoy ourselves but to do that at the expense of our financial security, peace of mind or future would not be wise. I really love what you said in the beginning of the video Eileen, “If anything, it’s even more important to have a better understanding about money if you have a soft spot for beautiful things.” 👏
You are absolutely right …. We should all be living within or below our means …. Being debt free is a luxury. And here’s wishing you a happy mid-autumn festival!!
Interesting....I thought everyone in the luxury community was either rich or extremely wealthy. You are so right, we don't know what we don't know. TFS ds many helpful tips.🥰🌾
Thanks for sharing, very good tips. I have lean not to watch what people supposedly have. I have seen many 'luxury' vehicles at the gas station and the credit cards declined , no gas. Be humble , spend wisely, save and dont envy others for what they may have. Have a great week Eileen.
I am going to start tracking what I spend on because I have seen little things add up on my credit card statements. Spending below your means is a powerful statement in this journey. I have been trying to avoid going into luxury stores even to browse because of temptation. I was going to treat myself to a mini wallet this month after having a rough couple of weeks at work. It was supposed to be for store pickup but it ended up being a hassle because they didn’t have it in stock and they ordered it but it took two weeks to process and by the time it finally came, I had no desire for the item anymore. I was spending lots of time calling and following up at the store and this luxurious treat ended up not being luxurious at all. When it finally came, I ended up getting a refund. If I kept the item, I would have been constantly reminded of the bad customer service experience I had. I have made a resolution to find different ways to deal with stressful times at work like treating myself to one of my favorite foods instead of buying something. Great content as usual.
I hear you! Sometimes shopping doesn't just cost money, it takes up a lot of energy too. I used to think people who could shop for a living were lucky, now I certainly think different xx
Well said Eileen. You know what, i am really late to the game of luxury when i watch TH-camr especially those that had so many Channel handbags but when i watch your video, i feel so comfort. When i graduated and started working and at one point after few years of working, i wonder how can i save. I don't know where all my money had gone every month. Then i decided to get myself an apartment, get the initial 10% from the retirement fund which is allowed here then from there on rent the apartment to help me pay for the mortgage while i am still staying with my parents. Today, i had completed paying off the mortgage and am so happy with what i had did. Now i am married, i still have another mortgage but i will use the rented apartment to off set this one which is the same amount and this is also nearer to my dad's and siblings houses. Now i do have a soft spot for luxury but like you said, "live below my means". So, i will only get a few that i can use forever and many years to come. Yeah, i do attend skill share too using your code which i got earlier. I love it. Will sign up for it once my trial period is over. Thanks for sharing.
The key is to buy what you really love, and suits your lifestyle, and respect your left over budget after you invested for future. We never should buy luxury to impress or to maintain a status. Life is short so we need to wear what we enjoy, but we need to be prepare to live a long nice existence… so if we want to fully enjoy it : we better save our money first!😌
One good habit to have is to always, always question WHAT is it that you are buying. Are you buying the bag/car/property for the usage it offers or are you driven more by the intangibles ie. The prestige, validation etc? One reason I never bought luxury items is that I don't see the value in spending a four figure sum on a leather bag just to hold your stuff, although I appreciate quality and good design. It just doesn't compute lol. But great video as always, Eileen!
This is exactly the same journey I am on. I am trying to change my spending habits and to save more. One saving grace is I never stopped Automating my savings and investments. Otherwise I probably would have spent all of it on shopping.
Its true. Whats the point of having so many luxury products but have little money in the bank account? The stress and worry associated with having to pay off debts is not worth the short term joy of buying the luxury items. There will come to a point in time where you decide enough is enough and its time to move on to treat finance management as priority.
I only use a credit to pay for everything. You are protected with regulation z versus regulation e that’s debit card. It’s harder to win debit card disputes versus a credit card one. We pay our balance off each month and we get miles, so that’s nice. Plus I budget like crazy so anything we are purchasing it’s what we already need to pay as well as what we need/planned for.
The key question always in life is: what do they feel with their situation. If they are happy then full stop. Each person Will have very different situation and where they get their positive energy from. Some stories I hear is not acceptable for me but listening to them is very powerful to get insights why they do what they do.
I think the lesson I learned over the years from watching friends and people around me who buy luxury items to show off were dependent on government hand outs in their retirement age..a bit sad..where us my husband and I were a bit careful and mindful with our money while we were still working although mind you we don't looked like a cheap looking bunch either but have been investing and planning the whole time for our retirement which I must admit a very comfortable life financially...we bought everything in cash and save up for anything we want..we have credit cards too but we straight away transfer our money to pay for it just to maintain the usage of that service..
I just bought a planner from Michael’s and it has been really helpful. I use it to manage my monthly spending. We use Excel for our monthly budget. Great video as usual!
I really appreciate , respect and agree with all your points .. you are such a wise lady . However I find it very difficult for me to resist buying what I love if I can afford it 🤦🏻♀️🤦🏻♀️🤦🏻♀️I don’t do credit cards at all but as you mentioned I need to keep working to afford the life style and spending habits I do
Your Chanel is really good teaching all young or anyone that may have habit spending money on things that are unnecessary as we have more thing in life that we shall focus on. 👍 thank you
Great Video Beautiful I Stopped Luxury Shopping Now My Husband Buys Gift That Are Luxury For Me They Sit For Months Before I Open Them I Tell Him I Thank You Yet I’m Not Into Luxury Anymore What I Have Already I’m Very Happy With I Don’t Want Anything Else Hopefully He’ll Get It And Stop Shopping For Me I’m Over It… Thank You For Sharing So Much Wisdom I’ve Learned Soooooooo Much From You… ♥️
My husband has always been the one buying majority of my luxury items. Once I decided to stop with the luxury shopping I talked to my husband about it. We discussed the change we wanted to make and what our new goals are for the future. We are so much more happier with this new stage in our life.
@@ColourfulNoir He’s Sweet Yet I Don’t Want Him To Buy Me Luxury Bags Shoes And Other Items Anymore I Have Enough… Keep Up Your Amazing Work Beautiful… 💜
2 of the greatest lessons I learnt was from the daughter of one of the richest people in my country whom I went to university with and lived with, she never wore labels and drove an old car. And my friend whose a multi millionaire also doesn’t wear VISIBLE branding and drives VW when he’s not doing stuff for work.
Thank you for your content and very thoughtful approach to style and consumption. I’m wondering if you could remind us of the video(s) in which you discuss your Longchamp Le Pliage Neo work bag? Thank you!
Thanks for another great video. For sure we don't know what we don't know. Some influencers are great about sharing their own money tips and/or take some time to talk about money. Still, all the bling can be distracting :(. Thanks again.
I agree that I spend differently now that I'm in my 30's than when I was in my 20's. My priorities changed. I still like nice things, but I would purchase to reward myself for a milestone or achievement rather than a regular basis like some ppl on social media. I have separate accounts and I budget by not touching anything in my business account, so I would use whatever in my business account for major purchases in life. That way I am living below my means. I also want to learn how to invest. Don't know where to begin. Any tips?
Hi Enchantarelle, I personally love watching New Money, Erika Kullberg and investing with Rose. Their channels were good free resources to start with for me. Once you have the basics, you'll have an idea what resources you wanna pay for to learn more. All the best. Investing is very exciting xx.
Eileen mentioned a few books on investment in her video "what I wish I knew in my 20s" I believe it's called. If you have access to a financial advisor you trust, that can be a safe way to invest too
@@MsKateC2K thanks so much! Will check out that video. Also…how much do financial advisors charge? I am really a blank slate when it comes to investing.
Designer stuff can't buy class and appearance. Today at the airport, I saw a girl with GG belt AND Alma BB. Maybe she wanted to show "wealth", but I saw loudness and trying hard to look wealthy
Rooting for you! It was a very gradual process for me from becoming quite a maximalist to a minimalist too. One step at a time and I'm sure in time you'll become a lot more mindful xx
words of wisdom Eileen! I know the spreadsheet is a bit of a killjoy but I know no better way to keep my spending in check. And I think the trick is to key in the expense before and not after it is spent - if the final figure is something you are happy with then go ahead to buy it. I carry my spreadsheet in my phone so it’s an easy dipstick on any shopping day.
to be old and wise you must first be young and stupid chanel taught me a life lesson do not spend $1225 on boots you can not walk in i sold them and got $200 smh ever since then i only buy what i need a smart person learns from their mistakes a wise person learns from other people mistakes
@@ColourfulNoir almost there! sold over 20 purses. now i need to sell 15 more then i just need to keep 5 or 3 for purse peace. Thanks for inspiring me to declutter :)
My first investment with Mrs Penny Pennington gave me the assurance that have made me invest without the fear of losing, I got four of my friends involved with her already
I have had some very rich clients over the years when I was selling Real Estate. My wisdom tells me the rich get rich by being frugal. Hollywood stars are showy and many are broke. I knew someone who bought luxury and couldn't pay the rent that is addiction behavior. I am not very frugal but I am retired, I am comfortable, content and I have some nice things. It has taken me a lifetime to learn to live within my means. Being happy is a luxury.
Being happy is a luxury ❤️
Thank you so much for sharing! It's so refreshing to hear the views from people in different professions here xx
I could hug you for this write up and especially that last statement! ❤
Love this comment so much.hope you are enjoying your time and retirement xx
True. People want to be like the 'stars' they see on TV and in magazines. I am convinced that most of them have less than most of us. It's a strange addiction but I once bought into that. Now I do spend money on things that give me a bang for buck and not bankrupt
You are very different from other youtubers. I have been following your channel for a while and you make both luxury content and at the same time about other valuable ideas which i personally love. It is not wrong to buy luxury items but never to a point where it breaks the bank. I have been there and now back to normal :) and i understand. Thank you for this wonderful content. Also i love how you reply to every comment. That's truly commendable.
Thank you! This channel wouldn't be running if not for the support of my amazing viewers so I always try my best to try to messages xx
Thanks a lot for this video. “Spend BELOW your means” was such a powerful message for me. I’ve always heard people say “spend WITHIN yours means” but this makes so much more sense. I am a true shopaholic. In a week I can buy at least 3-5 pieces of clothes and a bag every quarter. I will try to strive to do better! Thank you for your videos, they are great reminders on intentional spending.
Yes!!! Spending below your means is the key. If we were to buy everything we could afford, we’d eventually go broke. Save before you spend, and if you can, save more than you spend. Your future self will thank you! 😉
Sending you lots of positive energy! Do come back here and let us know how you're doing xx
We need more videos/content like this. The temptation to spend needlessly is all around us. Temptation even pops up in every app on our phones, for goodness sake. I think, like with addiction, we seek any opportunity as permission to continue with bad behavior. Like, if everyone around us seems to be spending needlessly then it's okay for me to, so long as the truth stays hidden. We've also bought into the lie that image is everything. So, as long as I present well with expensive clothes, accessories, vehicles, then they won't see how I'm really struggling financially, emotionally, mentally, and physically. We seek material items to comfort us and bring us joy. But at what expense? We are sacrificing time with our loved ones by working tirelessly to pay for stuff we don't need. And, it has become about living in excess. How many shoes or handbags does one person need? Watching "closet tour" videos recently I hear people say, "I don't really like it, but I bought it because.." Or, "I don't use these anymore, but it's nice just have". Why? Why is this acceptable? Why are we not holding each other accountable? Partly because we are living a lie. And we don't want to offend anyone. I applaud you for doing what is right by using your platform to share wisdom and knowledge. Thank you, thank you.
Caitlin Palowski has videos in a similar vein
Thank you for sharing! I'm so glad you liked my content xx
I agree with don’t judge a book by its cover. I know many multimillionaires with older cars and don’t dress in designer.
Agree! I know a few of those people too 🧚♀️
I was a university student for many years and only started working and making my own money at the age of 28, so a pretty late start on the path toward financial independence (still a long way to go to reach financial freedom hahaha). I have been living on a low budget since graduation to this day, and I haven't bought any luxury items except recently I finally got a pair of designer eyewear. I am quite happy with my life despite not being able to afford expensive stuff. Hopefully in the future I will be making more money so that I could afford some nice handbags, but for now, I am perfectly happy without them.
That sounds amazing! It's really good you were intentional from day one xx
I attended business university and they never thought (us) students about money mgmt, investment, retirement, living below my means or living a debt free life. My family migrated here to the U.S when I was young and they had no idea about this stuff either and we thought living in the U.S means you will be rich one day and live the American dream. We learned everything the hard way and that money does not grow on trees 🙈. It's helpful to watch videos like this, thanks for sharing.
It always puzzles me that schools don't teach about personal finance. I learnt the hard way too but I guess at least we're wiser now xx
it helps when a store is snobby and rude beyond belief. A LV SA once followed me around the story within a few inches and I would quickly turn around and he would pretend to look at the floor. Uncomfortable feeling = money saved. I'm in my upper 30's and haven't bought a bag in a while because the allure of it all is fleeting
Sorry to hear that! We definitely should be treated with respect regardless of what we wear xx
I agree with you. Their are so many people out there who look rich, but they are broke in their bank accounts.
They max out all their credit cards in order to own nice things.
My finances are pretty good but still I wish I didn’t do all those impulsive buying.
I used to make those mistakes in my 20s, and now in my 30s I shop very frugal and only buy things when I really need too.
I also buy things without my impulsive thoughts I buy things with a better mindset. For instant, I use to buy the next popular handbag in the market without thinking if I’m even going to use it or if it matches things in my closet. Now, I will only buy when I know I’ll use it a lot and it matches more than 10 outfits in my closet. I have to also have an idea in my mind what I buy before I buy it. I also buy my clothes from Goodwill and second hand stores because I know I’ll save a little extra and still get good quality clothing and items at very decent prices.
The older you get, the more wiser choices you make. At least, that is me.
Thank you for sharing this video. You are a breathe of fresh air. 🧘🏻♀️
Thank you for the information about a handbag going with at least 10 outfits. I really appreciate that!
Thank you so much for sharing your insights! xx
I have been rotating 2 jackets for the past 1 year when I go to work and noticed no one remembers or even cares about what I wear. That allows me to cut my clothes shopping significantly and to purge. More importantly, I learned that I don’t have to rely on other’s compliments to be happy. I’m now more in control of my happiness. Thank you for your message.
The first that comes to mind when I see someone covered in luxury is, I can see exactly where their money is xx
Like Carrie Bradshaw! (Oops have I revealed my age lol) xx
@@ColourfulNoir I am very familiar with Carrie Bradshaw 💕
I also found that whenever I dress nicely, I have a totally different experience at a boutique. Besides, most of the rich people around me have a very humble lifestyle.
It's a sad reality we get judged so much based on material things, but I guess in a way it's an easy way to see who's genuine xx
Thank you for sharing. Whenever I need courage to avoid my spending habit, i straight away go to your TH-cam channel and thankfully it works. I really like your mindset. I find it interesting because i feel we have similarities about loving luxury items but still concerning about the future finance.
I'm so glad to hear my videos are helpful to you xx
This is what i like about Aileen and her channel. Its not only about luxury its also being money smart so that you can also enjoy your life in the future. I only have 1 luxury bag from LV which i did really took my time and made sure that I will use it and enjoy it which i did learn and realize from Aileen. Thank you Aileen for being an inspiration. Love from the 🇵🇭🇵🇭🇵🇭
Thank you so much 😇
💯 spot on. Living well below our means, saving and investing is how we grow our wealth. As a fellow luxury TH-camr, I’m so happy to see others put this message out there. I’ve always said, save before you spend. Pay yourself first. Beautiful things are lovely and we are to enjoy ourselves but to do that at the expense of our financial security, peace of mind or future would not be wise. I really love what you said in the beginning of the video Eileen, “If anything, it’s even more important to have a better understanding about money if you have a soft spot for beautiful things.” 👏
Thank you so much! xx
You are absolutely right …. We should all be living within or below our means …. Being debt free is a luxury.
And here’s wishing you a happy mid-autumn festival!!
Happy mid-autumn festival! We're very fortunate to have a few moon cakes this year xx
Literally the whole fashion luxury community needs to watch this video! I like your views on spending.
Thank you so much for your support xx
Interesting....I thought everyone in the luxury community was either rich or extremely wealthy. You are so right, we don't know what we don't know. TFS ds many helpful tips.🥰🌾
Thank you for always showing up xx
Thanks for sharing, very good tips. I have lean not to watch what people supposedly have. I have seen many 'luxury' vehicles at the gas station and the credit cards declined , no gas. Be humble , spend wisely, save and dont envy others for what they may have. Have a great week Eileen.
It's always lovely to have you here xx
@@ColourfulNoir thanks Eileen, love to watch your videos.
I am going to start tracking what I spend on because I have seen little things add up on my credit card statements. Spending below your means is a powerful statement in this journey. I have been trying to avoid going into luxury stores even to browse because of temptation. I was going to treat myself to a mini wallet this month after having a rough couple of weeks at work. It was supposed to be for store pickup but it ended up being a hassle because they didn’t have it in stock and they ordered it but it took two weeks to process and by the time it finally came, I had no desire for the item anymore. I was spending lots of time calling and following up at the store and this luxurious treat ended up not being luxurious at all. When it finally came, I ended up getting a refund. If I kept the item, I would have been constantly reminded of the bad customer service experience I had. I have made a resolution to find different ways to deal with stressful times at work like treating myself to one of my favorite foods instead of buying something. Great content as usual.
I hear you! Sometimes shopping doesn't just cost money, it takes up a lot of energy too. I used to think people who could shop for a living were lucky, now I certainly think different xx
It's really hard and a struggle for people who loves to shop while practicing minimalism. Thanks for this video.❤
Glad you liked my video xx
Well said Eileen. You know what, i am really late to the game of luxury when i watch TH-camr especially those that had so many Channel handbags but when i watch your video, i feel so comfort. When i graduated and started working and at one point after few years of working, i wonder how can i save. I don't know where all my money had gone every month. Then i decided to get myself an apartment, get the initial 10% from the retirement fund which is allowed here then from there on rent the apartment to help me pay for the mortgage while i am still staying with my parents. Today, i had completed paying off the mortgage and am so happy with what i had did. Now i am married, i still have another mortgage but i will use the rented apartment to off set this one which is the same amount and this is also nearer to my dad's and siblings houses. Now i do have a soft spot for luxury but like you said, "live below my means". So, i will only get a few that i can use forever and many years to come. Yeah, i do attend skill share too using your code which i got earlier. I love it. Will sign up for it once my trial period is over. Thanks for sharing.
Thank you so much for sharing, Shana! More people need to understand financial security is the one luxury we all need to prioritise xx
The key is to buy what you really love, and suits your lifestyle, and respect your left over budget after you invested for future. We never should buy luxury to impress or to maintain a status. Life is short so we need to wear what we enjoy, but we need to be prepare to live a long nice existence… so if we want to fully enjoy it : we better save our money first!😌
Absolutely! Balance is key xx
One good habit to have is to always, always question WHAT is it that you are buying. Are you buying the bag/car/property for the usage it offers or are you driven more by the intangibles ie. The prestige, validation etc? One reason I never bought luxury items is that I don't see the value in spending a four figure sum on a leather bag just to hold your stuff, although I appreciate quality and good design. It just doesn't compute lol.
But great video as always, Eileen!
Well said! xx
This is exactly the same journey I am on. I am trying to change my spending habits and to save more. One saving grace is I never stopped Automating my savings and investments. Otherwise I probably would have spent all of it on shopping.
Wise decision! xx
I enjoyed this informative video! Really good advice, especially living below your means. This is definitely goal for me. Thanks for sharing.😊
Sending you lots of positive energy, you can do it xx
Its true. Whats the point of having so many luxury products but have little money in the bank account? The stress and worry associated with having to pay off debts is not worth the short term joy of buying the luxury items. There will come to a point in time where you decide enough is enough and its time to move on to treat finance management as priority.
Priority is key I agree! xx
Thank you so much! I’m trying to stop shopping. Watching your video has encouraged me to seriously save up!
Saving can be as addictive 😇 You can do it, rooting for you xx
I only use a credit to pay for everything. You are protected with regulation z versus regulation e that’s debit card. It’s harder to win debit card disputes versus a credit card one. We pay our balance off each month and we get miles, so that’s nice. Plus I budget like crazy so anything we are purchasing it’s what we already need to pay as well as what we need/planned for.
Kudos to you! xx
The key question always in life is: what do they feel with their situation. If they are happy then full stop. Each person Will have very different situation and where they get their positive energy from. Some stories I hear is not acceptable for me but listening to them is very powerful to get insights why they do what they do.
I think the lesson I learned over the years from watching friends and people around me who buy luxury items to show off were dependent on government hand outs in their retirement age..a bit sad..where us my husband and I were a bit careful and mindful with our money while we were still working although mind you we don't looked like a cheap looking bunch either but have been investing and planning the whole time for our retirement which I must admit a very comfortable life financially...we bought everything in cash and save up for anything we want..we have credit cards too but we straight away transfer our money to pay for it just to maintain the usage of that service..
You sound like a very rational spender! Kudos to you xx
Your videos / topics hardly ever disappoint!
Thank you for staying steadfast… I have learnt so much from you.
Xx
Thank you so much for your support, it really keeps me going xx
I just bought a planner from Michael’s and it has been really helpful. I use it to manage my monthly spending. We use Excel for our monthly budget. Great video as usual!
Thank you xx
Thank you for the video, it was super helpful especially the part on credit cards.
Glad you enjoyed it! xx
What you say is so true my doctor still driving his 1998 Honda to work all the till unlike other doctors
I actually find driving a brand new car very stressful, really loving my 9yo Mini xx
@@ColourfulNoir me too
I really appreciate , respect and agree with all your points .. you are such a wise lady . However I find it very difficult for me to resist buying what I love if I can afford it 🤦🏻♀️🤦🏻♀️🤦🏻♀️I don’t do credit cards at all but as you mentioned I need to keep working to afford the life style and spending habits I do
I was really into shopping until I embraced luxury minimalism, so I'm sure you can to it too! Rooting for you xx
It's call self control. None of know what tomorrow brings.
Your Chanel is really good teaching all young or anyone that may have habit spending money on things that are unnecessary as we have more thing in life that we shall focus on. 👍 thank you
I appreciate that! Thank you xx
These are so important indeed!!❤️ thanks for sharing, Eileen.
Glad you like it! xx
Would you ever consider making a video of the best credit cards to use? I love all of your videos!
I start tracking my expenses in 2013... it change my life ... even now I do some mistakes but I am much much better like before 😊
That's huge! Congratulations to you for making progress xx
Great Video Beautiful I Stopped Luxury Shopping Now My Husband Buys Gift That Are Luxury For Me They Sit For Months Before I Open Them I Tell Him I Thank You Yet I’m Not Into Luxury Anymore What I Have Already I’m Very Happy With I Don’t Want Anything Else Hopefully He’ll Get It And Stop Shopping For Me I’m Over It… Thank You For Sharing So Much Wisdom I’ve Learned Soooooooo Much From You… ♥️
My husband has always been the one buying majority of my luxury items. Once I decided to stop with the luxury shopping I talked to my husband about it. We discussed the change we wanted to make and what our new goals are for the future. We are so much more happier with this new stage in our life.
@@tippytoe1250 That’s So Great Saving Makes Me Happy Counting My Money Is A New Sport…
Thank you so much for sharing! Your husband is really sweet xx
@@ColourfulNoir He’s Sweet Yet I Don’t Want Him To Buy Me Luxury Bags Shoes And Other Items Anymore I Have Enough… Keep Up Your Amazing Work Beautiful… 💜
What bracelet do you recommend to get as your first piece from VCA? I would love your advice. Love your videos so much!
Good to have such a job as you describe where one can buy a Chanel bag and still have money for the rest of the month 👍👍👍😘
2 of the greatest lessons I learnt was from the daughter of one of the richest people in my country whom I went to university with and lived with, she never wore labels and drove an old car. And my friend whose a multi millionaire also doesn’t wear VISIBLE branding and drives VW when he’s not doing stuff for work.
Thank you so much for sharing xx
Hello! If you are to buy one designer bag worth 3k, what would you recommend?
Great video. Words of wisdom! Thank you 🙏 xx
Thank you xx
Thank you for your content and very thoughtful approach to style and consumption. I’m wondering if you could remind us of the video(s) in which you discuss your Longchamp Le Pliage Neo work bag? Thank you!
Investing and budgeting and seeing my money grow gives me a longer pleasure.
where the expensive things gives me just that day and I’m on to the next.
I get you! The gratification I get from looking after my wellbeing always makes feel good for a long time xx
Love her I love that your talking reality!
Another excellent video with good sense advice. Love!!!
Thanks for another great video. For sure we don't know what we don't know. Some influencers are great about sharing their own money tips and/or take some time to talk about money. Still, all the bling can be distracting :(. Thanks again.
Thank you, Nicole! It's nice to see you here always xx
Love this video
Thank you xx
For me luxury is being able to buy whatever food you feel like eating. We take the simple ordinary things for granted.
Agree! For me, luxury is having the freedom of my own time xx
@@ColourfulNoir that is priceless!
I agree that I spend differently now that I'm in my 30's than when I was in my 20's. My priorities changed. I still like nice things, but I would purchase to reward myself for a milestone or achievement rather than a regular basis like some ppl on social media. I have separate accounts and I budget by not touching anything in my business account, so I would use whatever in my business account for major purchases in life. That way I am living below my means. I also want to learn how to invest. Don't know where to begin. Any tips?
Hi Enchantarelle, I personally love watching New Money, Erika Kullberg and investing with Rose. Their channels were good free resources to start with for me. Once you have the basics, you'll have an idea what resources you wanna pay for to learn more. All the best. Investing is very exciting xx.
@@DaniOchannel thanks! I will be sure to check them out! It will be a huge new step for me but will gain some basic knowledge first!
Eileen mentioned a few books on investment in her video "what I wish I knew in my 20s" I believe it's called. If you have access to a financial advisor you trust, that can be a safe way to invest too
@@MsKateC2K thanks so much! Will check out that video. Also…how much do financial advisors charge? I am really a blank slate when it comes to investing.
I've updated the description for a list of books perfect for investing. Hope it helps xx
Merci for the video. Luxury shopping is common sense with $$. I don't think everyone sees it. Collector luxury could lose lots of $$$.
Balance is so important xx
Designer stuff can't buy class and appearance. Today at the airport, I saw a girl with GG belt AND Alma BB. Maybe she wanted to show "wealth", but I saw loudness and trying hard to look wealthy
All good tips my lady n I appreciate u sharing with us all. 🙏🏼❤️😘😘😘Sandy
Thank you xx
Love your reminders. Thank you. 😊
Glad you like them! xx
I am done with Chanel because 4 classic bags are enough. I don't see the point of collecting seasonal colors every few months.
Same here xx
Fantastic vlog. Very helpful 👌
Thank you xx
I really like your idea of minimalism. Would like to ask how you become inspired with minimalism?
I am living paycheque to paycheque many bad decisions . Trying to be very careful now. And just started to save money.
Rooting for you! It was a very gradual process for me from becoming quite a maximalist to a minimalist too. One step at a time and I'm sure in time you'll become a lot more mindful xx
@@ColourfulNoir thanks to you 😀
Eileen...good work you do👨🏼🙏🏻 👑
Thank you xx
@@ColourfulNoir 🧖🏻♀️🛐
Please could you suggest good credit cards.
words of wisdom Eileen! I know the spreadsheet is a bit of a killjoy but I know no better way to keep my spending in check. And I think the trick is to key in the expense before and not after it is spent - if the final figure is something you are happy with then go ahead to buy it. I carry my spreadsheet in my phone so it’s an easy dipstick on any shopping day.
That's such a good idea! I might transfer mine to my phone too xx
If you have less money in the debit card et cancelled. Not much to spend
💯!
👏🏻
❤️
to be old and wise you must first be young and stupid
chanel taught me a life lesson
do not spend $1225 on boots you can not walk in i sold them and got $200 smh
ever since then i only buy what i need
a smart person learns from their mistakes a wise person learns from other people mistakes
You make me think my spending habits. Now I want to sell all my purses.
I've sold a lot of my luxury items, it's quite refreshing xx
@@ColourfulNoir almost there! sold over 20 purses. now i need to sell 15 more then i just need to keep 5 or 3 for purse peace. Thanks for inspiring me to declutter :)
I have about 5% of my portfolio in uranium bitcoin any advice on any other crypto currency that I can grow my $30000 capital to a million dollars?
Most intelligent words I've heard.
Yeah, My first investment with Mrs Penny Pennington earned me profit of over $25,530 US dollars, and ever since then he has been delivering
+⃝①⑨①⑨⑨①④⑨②⑧ ⑥
Text her on WhatsApp 👆
My first investment with Mrs Penny Pennington gave me the assurance that have made me invest without the fear of losing, I got four of my friends involved with her already