Is It Possible To Start All Over In This Economy?
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- čas přidán 21. 07. 2024
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I just looked at my checking account and I’m embarrassed at the crap I spend money on.
I’m going to try and buy nothing the next 30 days. I have plenty to eat so probably buying just gas to get to work.
Let’s see what happens!
My husband and I worked our way through college and we both bought dependable old lady used cars. We bought a foreclosed 1 bedroom condo for a home. We lived at poverty level on purpose for 16 yrs to get us on track to retire at 60. We went totally minimal 3 yrs ago which freed up money for classes and experiences. We only go out to eat when on holiday. Then it’s Only twice and we always share the entre and 1 draft beer. Very few people are interested in living like we did for 16 yrs. We still had a great life. We just did free stuff all the time and used the library like crazy. We still do free stuff, last weekend they had a free sumo tournament, in 2 wkend there is a free car race we will go see. Activities like that and a roku box make us feel plenty entertained. CZcams has free audiobooks too!!!!
taking notes here!
I'm 54. Single, no kids, never married, rarely date anymore, no car, no student loans (paid off years ago), no credit card debt. Mint Mobile for $240 a year, no pets. Low income, self employed. On and off health insurance over the years. I pay mostly with cash. I don't take expensive vacations, almost never eat out, buy only the essentials. I live alone in a studio apartment in a CO-OP, with a mortgage under $700 per month. I own an electric bicycle or walk where I need to go. I've learned to become a minimalist. You might say this sounds like a deprived, lonely existence, and in some ways you'd be correct. But the benefits outweigh the negatives for me. It's a mostly uncomplicated, simple life. I don't earn much at all, but I also don't need to. My peace of mind is more important to me than chasing the money carrot. Yes, I still worry about money, but I'm not overwhelmed by it. I decided to make choices early on to avoid many of the trappings of modern life. Would I like to have more money? Sure. But at my age, with my idiosyncrasies it's just not really in the cards for me. Probably I'll eventually leave the US and move to South East Asia or Mexico because things are only going to get worse. I think people need to consider making some difficult decisions. Of course we deserve better with all our hard work, but we can also learn to live with less, and still feel satisfaction. It's very difficult though, because we are raised in a system of omnipotent greed and corruption. Best of luck to all of us.
My life is similar to yours in many ways. I agree, this society can be tough sometimes, but you can make it work. I can make it work in the town I live in. I could not make it work in other places. But I plan to stay here till I die. I own a little small house. No kids, I spent all my money on my pets :-) Other than that I don’t have many expenses. Still have a home equity line of credit that I have to pay off because I updated my house in the last three years. But once that’s done, I won’t have any debt at all. I guess I lead a pretty boring life but that’s OK. I see my friends and family in all these crisis situation and I will take a boring any day.
$130 a month property tax. $160 a month homeowners. $512 mortgage payment. I pay extra on the mortgage. It is almost paid off. No car payment. No student loans. However, I do have a credit card bill I am paying off. I already paid off thousands. I'm almost there.
Well done you! Blessings!
That's wonderful keep going
Where do you live and only pay that much in property taxes? I want to movd there!! Im paying over 9k a year!
Congratulations! Well done, you are on the right track.
💰💰💰every penny counts when you are getting out of debt. You can do it.
I am 73. Worked all of my life. Grew up poor. Lived a long time and I have a comfortable life. I can pay my bills and take care of myself. Don't care about traveling. Just happy. My opinion: people want a big pay and complain about prices. Confusing their wants with needs.
my kids graduated from high school in Oklahoma between 2016 to 2019 and one if their required classes was a term of Financial Literacy. It was pretty thorough. Their Dad got so mad at them when they told him that their Dad's spending habits were really bad from what they learned in class. (which is one reason why I got divorced; I would be 66 and bankrupt if not)
It started with one wage earner being enough, then two, and now, there are multiple family members living in one house because no one person can support themselves alone. Sad.
One wage earner was enough because of the lifestyle. One car, eating out a couple times a year, free entertainment, , hand me down clothes, things have changed people want more than people had years ago.
They now have a mandatory finance class in high school where I live.
I struck out on my own at 18 years old in 1991. I started with nothing and it was not easy over 30 years ago. These are the hardest times I have ever seen and am glad I am not starting now. Luckily I have saved and invested over decades.
the 80 were way worse , my interest rate for my little house was 11% with perfect credit. other then crazy rents this economy is now booming, the crazy rents are because 23% of affordable housing was bought by hedge fund managers for profit.
Last year our family had a garage sale and witnessed the following. Young people starting out are not interested in second hand furniture, items, even though the items were nice. Middle aged on up have what they need. When my spouse and I started out 2 cement blocks and a glass top well that was our coffee table. An old couch and chairs all bought from a flea market in 1982. In 1982 a black rotary phone AT&T cost $19.00 a month and rent for a 2 bedroom apartment $250.00 a month. In 1982 bought an old upright freezer for $40.00 it lasted 3 years. My wage at a local factory $5.25 an hour 40 hours a week. At 24 years old my wife and I were happy, we were just starting out. Things do not equal happiness! Inflation hurt our garage sale as people weren’t buying much. I priced items to almost give away status. The point I am trying to make is people will go to target or Walmart when a garage sale is often a better deal. That special gift might be at a local garage sale and you are helping others with less resources.
indeed people make people happy
things don't make people happy
though I think a part of the issue is: if young people feel like they have to "take a step down" when starting out, it is psychologically difficult... because it feels like things are progressing backwards
lol. I paid $800 for my 2000 Subaru Forrester a few years ago, runs and drives perfectly, lol
Prepper, do you see generational living arrangements happening in the future? Parents moving in with children and vice versa. I think the future of living on one’s own is going to be a luxury.
I agree.
I think Gen Z has already given up, we don't need to wait 3-4 more generations.
Funny that we didn't give my 3 adult kids (30, 32,34 years old) any formal financial training but they season 2 absorb frugalness from living with us. Only one has cable television and that's only because his new wife was accustomed to it! All of them make more than I do as a registered nurse. All of them are maxing out their 401ks every year! They didn't see me wasting money, so I think they learn the lifestyle by example.
We were renting at $2,000 a month and downsized to a 2 bedroom in the same complex that wasn’t renovated and got it for $1415. As a family of 5 a two bedroom wasn’t ideal, but neither is paying an astronomical amount for rent. You do what you have to do and make sacrifices. No car payment, no student loans, no credit card debt, spend $600 on food for the 5 of us, we have 1 $14 subscription and we don’t eat out. Doing all these things allows us to live on a lot less than our peers.
I think you and your family are doing fantastic in difficult expensive times. 🙌
Smart.
Where I live, that would be against fire code. I know because we were looking for temporary housing and max per room was 2 and they wouldn’t rent to us when we disclosed our number of children.
I just switched to Mint Mobile last week. I'm a long haul driver and was so nervous to make the switch from Verizon. I'm happy to report that my service has been phenomenal. I've been up and down the Eastern half of the USA without a hiccup. Couldn't say the same thing about Verizon. Now I'm saving $70 a month! Thanks for the kick in the pants that I needed to switch.
$700 for one person? 🤔 I live in a rural area and menu plan around sales but maybe they eat out a lot or just throw whatever in the cart. Seriously, I've never spent that much on groceries even when my children were home...four in total in the home as we are a blended family and two children live with their mother. Home economics needs to come back to the public school system.
I get by without a car. It’s a slower pace but helps me save money.
Economy doesn't matter as much as priorities, goals and decision-making skills. I look at my 3 kids and 2 have made it to a level of comfort greater than my own. The 3rd child, now 41, just keeps on making poor decisions. There is only so much a parent can do for grown children.
Society expects everyone to fall in line and look a certain way to earn comfort. That’s the evil that is spreading in society.
A couple of months ago on the local news they said that high school financial literacy classes are now required in my state. (PA). They said we are the 26th state to pass this. They listed everything that will be taught and it seems quite thorough. Kids still need to learn this stuff at home though. I think if inflation keeps on, families will need to live together to make it. I think this is already starting to happen.
I graduated in 1988 my highschool taught financial literacy, taxes, and even brought prisoners into the classroom to talk about behaviors that lead to prison. It surprises me that other public schools don't teach these things.
I just adopted a girl from our local animal shelter. My inside boys are so gentle with her right. They treat her like she might break.😊
Best kept college secret. Yes on the community college the first two years. Usually guarantees a transfer to the U along with scholarships. Also, students can spend their last two years in high school and attend community collgege (Duel enrollment) graduate with a high school diploma and an AA/AS at the same time. Gotta love California Communtiy Colleges.
Oh yeah. I did my core courses at a community college, transferred to UC Berkeley. The classes I took at UC Berkeley were not even as rigorous as most of the classes I took at City College. My professors told me they LOVE transfer students because we're so well prepared, and we know it's on us to succeed.
My state on east coast offer dual enrollment. Senior year take 1 class in HS and rest at college if desired. With determination and planning, could graduate with HS diploma and 2yr college associates.
Amazing.......I am 63, my current , part time job pays 16.75 hourly. That's the highest wage I have ever earned and I spent 12 years as a deputy. People complain about 20 an hour🙄 I just rented a 2 bedroom house for $750 a month and to some people that seems very reasonable but I have never paid that much for a place to live.
Great price where do you live
I don't know how elderly people are going to afford to live within the next several years, due to rents and utilities skyrocketing beyond what a person's retirement income will be at that time. I know a few people who have come out of retirement to work again, and they said it's because they couldn't afford retirement. I just think of the elderly who are really struggling as it is right now. God help us all!
Many of them are living in their cars or vans.
that's why you pay off your mortgage and your car. Get rid of all debt like PP and Dave Ramsey.
I an 42 years old, my student loans will be paid off in a year and a half from now. So, wow, your estimate of 43.5 years old is spot on!
If I had to start over, I would covertly live in my car and stash away every penny I could. You can get a used van or something pretty cheap, some of them get decent mileage. I think at some point there will be so many people doing that it will be much harder than now. I wouldn't want to do it, although I plan to take camping trips like that. A huge number of people are living with their parents right now, which is another way to save and pay off debt. I think health care is going to be one of the first things that breaks down. It's just crazy expensive.
In Southern Ontario (Canada), the minimum wage is $16.55/hr, but because of our exploding immigration, the extreme shortage of housing has pushed the cost of a 1-bedroom rental to $3,000/month, and a 2-bedroom is almost $4,000 per month. Just a room in a basement is $1,200 per month and up. People in Canada just cannot afford to live anymore. The average house now cost $1.5 Million to $2 Million each.
Depends on location,right ?
You can always find a cheaper alternative on everything
It's so true! It's absolutely insane here in Southern Ontario
Helping my grand- daughter find childcare for her 14 month old. In Southern California they want 500+ per week for full time care; I was just quoted $235 per week part time or $19 per hour in a licensed home. Low income folks get government help thru various programs. Middle class folks pay full price. It is crazy out there!
I retired in 2012 and babysat for my newborn great niece (and then the next baby girl ) full time for free. LOVED EVERY SECOND …now they are 11 & 9 we pick them up after school. Family is everything. If family can help the care taking it is gold!
@@Spot4art Sickly. If they don't hate you by age 15, there is something wrong with them.
It was much worse inflation and interest rates in the 1970s. It just take time. Everyone wants things instantly.
I’ve been in my house 12 years and at that time it appraised for 325,000. I put 200,000 down and have a mortgage. My note is 1146/mph with homeowner insurance included. I can pay it off, but I have been advised against it. I do pay the next month’s principal in addition to my note. I do have credit cards which I always pay off. I bought a used vehicle (2018) and paid cash. I have no debt other than my home.
Pay it off !
Pay it off! The peace of mind owning your home free and clear is amazing.
Why was it advised against?
Pay it off!
That is bad advice. Your tax break is way less than the interest you would save in paying it off.
Here's something I've watched over the last 10-15 years; 20 and 30 something's, buying vans, busses, and old RV's and converting them into tiny living spaces. Some are living a nomadic lifestyle and some are putting them in the backyard of a family member or friend. This also includes the tiny house movement. These are all attempts to still own your own home while simultaneously being able to have some semblance of an unencumbered life. All the while, local governments are passing targeted laws daily, to restrict or make it harder for these people to exist. So yes, I agree - at some point there will be an uprising of sorts.
I am a retiree living in Ireland. I find it most interesting to compare the monthly expenses with the USA. Ireland is super expensive. The average rent is between €2.000 and 4.000 per month. I am very fortunate to own my own apartment, be debt free and I choose to live a simple semi frugal life. I paid cash for my second hand car. It’s a hybrid so saves me a bit on petrol and car tax. I have two fur babies. I wouldn’t be without them so I budget for their expenses. Being an introvert is budget friendly. I don’t eat out, go to events or concerts. I go to the cinema a couple of times a year. Senior rate in the afternoons. I am very happy with my life. By the way not health insurance is €120 per month. Love your channel. Love your fur babies 🙏
My health insurance is going up from $200 a month to just over $300 a month as I now MUST go on Medicare as I am turning 65. Like you, I own and am debt free. However, my house and car insurance are going up every single year, even with no claims. I live in a drought prone hurricane zone in Texas. It doesn't take a lot to make me happy, so I too feel pretty happy. It gets stressful when everything goes wrong at the same time, but I am always amazed at how I get through it. I feel very blessed, just not financially "rich"
I really wish all young people would watch your videos.
My feelings are that certain politicians want to continue this path to total chaos tell people have to depend more and more on the government...
By the time I was in my early 20s I was a homeowner, had a new paid off car, a 401k, and zero debt. I lost everything because of addiction. I mean by the time I got clean ten years ago I had absolutely nothing, not even a phone. As of last year at age 42 I was finally able to buy a house, I’m debt free, have a very small emergency fund, some small investments, and have a nice paid off car. It was a lot harder to get back to where I’m at in this economy and I haven’t gotten to where I need to be financially but yes you can start over and still make it. I sacrificed several years working hard and saving every penny while living in an old single wide trailer that should be condemned. It was embarrassing living in that place but worth it in the end.
Coming from someone who was raised by addicts, including my siblings...I commend you!!! You are an inspiration girl!!!
@@shelbysmom thank you ❤️
I was saying that last year, about witnessing the fall of our society. We're well on our way.
Planned demolition.
@reneejkd "If voting made a difference, they wouldn't let us do it."
@reneejkd Yep, $96.90 for 26.843 gallons of gas yesterday. That was with 8 cents off and at a station that was 16 cents cheaper than the others. I didn't want to spend it but it's only going to go up with "summer BS gas prices". 4 yrs ago, meds, food, gas, rent - all cheaper
Shout out to Mint Mobile. Great coverage in my area of Maryland and Atlanta where I have service.
Glad to hear! I want to switch in Maryland.
In Houston I have terrible coverage with Mint......I have to go back to my previous carrier.
How do you find out how the coverage is
@@raloufen4292 During the sign up process they do a coverage check. You can purchase like 3 months of service and see how it goes.
I've seen what the average person is doing these days and it's no wonder they're all broke. Not only do they not cook at home but they're too lazy to even go get take out, paying through the nose to have food delivered. Good Lord, the money you save by cooking at home from scratch is more than enough to make you rich over time. Right now we've got a whole turkey in the oven because it was on sale for 99 cents/lb, the stuffing was bought on sale at Thanksgiving, the 5lb bag of potatoes was $2.49 and everything else from the celery and onion for the stuffing to the green beans, the butter, milk and sour cream for the mashed potatoes and flour for the gravy were all acquired on sale as well. This is going to be at least 10 full dinner servings for the two of us so 5 dinners and then the breast meat thinly sliced makes the best sandwiches including a couple club sandwiches as I saved a couple pieces of bacon from our big weekend breakfast with scrambled eggs and made from scratch waffles. I'm going to make a large batch of turkey soup with the carcass as well. Incidentally we're spending an average of $500/month on groceries, nothing on dining out or takeout and we eat like kings. I'm kinda of toying with the idea of having a little chocolate this afternoon and while I've heard others complaining that candy bars are almost $4 at convenience stores I go with an ounce of semi-sweet chocolate chips for 17 cents and the funny thing is that they have almost 4 times the cacao that a Hershey bar has.
Meanwhile I'm putting the final touches on our tax return and what a year! A nice sized Roth conversion along with Roth contributions and not a penny of tax either federal or state. Tax day is the end of our personal fiscal year and I've got a sizeable amount to sweep into our savings/investments and even though we don't spend much we still got a few hundred or so in cash back from our credit cards with this quarter offering 5% cash back on groceries! The one dark spot is that the Secure Act 2.0 ruins the form 8880 saver's credit so it's back to the drawing board with the tax planning for 2027 but I've already got a few ideas ;)
Cheers!
I love the way you live!
One thing we can always do it while we are live is help others. In fact, I think that’s why were planted here on earth.
Peace be with you and yes, I believe we can all help each other if we really want to in fact, I think that’s why we are all here to help one another.
Peace be with everyone
💃🏻🌹
Thumbs-up for doggy doing his job
Our daughter did it (better than us, to be honest). Both my grandchildren are doing it. Part of the problem is that some young people expect to have their parents' standard of living immediately. I remember house sharing, living hand to mouth, etc. And yes, we made some stupid mistakes, but we learned from those. My medical went up 12Xs having Medicare, and that doubled with cancer. Fortunately, we absorbed that due to alternate income sources and frugality.
"I'll get a churro or something ". Prepper Princess you are the realest!!! 🤗🤣
As an old not so frugal guy anymore, I did a lot of in "between after my stint in the Navy (21 years). I never started saving for long term until I was 38 years old. I was looking at retiring from the Navy and still living month to month. I am now 77 and have managed to have my final house built, (wheel chair access) just in case and have put away over 500,000.00. I took a long time but isn't that what we have to work with? My wife of 50 years like really nice cars (new). And I actually can afford that now. We are still relatively healthy which helps. I don't like to eat out because of the things I like don't like me anymore and cause me problems. With several streams of retirement income I have at least 4 or 5 time the income after tax as you are living on. I now have no worries about money. But I do how much things cost and the pay when I first joined the Navy. $78.00 a month and we had to maintain our uniforms on that too. 1964 . My mother was working as a nurse assistant for less than $1.00 dollar an hour. We were 3 kids at home also. No money for anything. I really have no idea how we made it. you could find a used care back then for about 100 dollars, 10 years old and barely running, we learned how to fix flats and do our own mechanicing. forgive the lack of punctuation.
My dad made $1 an hour in 1960, minimum wage back then. My mom did made $1 an hour until I was born, then did in home daycare, Avon, weekend evening and night waitress. Only reason they could buy a home was the Veterans GI bill. They worked hard to get ahead, very hard.
Do what you can with what you have
I believe so! I was retired for 10 years. Came back into the workforce at 60. I work in biotechnology, was promoted within a year. Now moving to my dream job at a National company. Most money I have ever made. My husband also has a great career in his 60's. So we are a dual income, college educated gay male couple and live in California, living the dream in the Bay Area. So, yes you can make it in this economy just fine! 😉 What does it take to live in this economy? For us $300+K
It is always possible. Societal problems are just that, you as an individual can always improve your situation.
That's true. Too bad it seems like a lot of people don't believe in personal accountability.
Love how gentle Rocky is with your little.😊
I knew Nala and Rocky would become best buddies. It makes me laugh to see them play. Thanks for adding them to your videos. Mike from Mass.
So I'm wondering how many people went into debt today over this eclipse and traveling,food, gas hotels, car rentals, time off etc.?
Hundreds of thousands of them.
@@desimo147 I know it was a rhetorical question.
I watched it from my front yard.
@@ad6417 I want over friend's house. I wasn't planning ongoing anywhere but my friend is in our 70s and wanted some company. So I went.
Probably to many. 😢
I’m a GenX-er and I know how to live frugally but I also know that I’m a product of my time…I’m not sure that, if I was born 10 or 20 years later, I would have the know-how that comes only with my particular experience. I’m not sure if my frugal mindset is “nature” or is “nurture”…😊
Whatever you saw your parents do is likely what you are doing with your money. Am I correct?
Hold up here: This $20 an hour, 1st by design on purpose. It will affect all states in time. Logically, Fast Food Franchisers will either end up having to close down or go more to automation. Loss of human jobs. Dan, from I ALLEGEDLY in South Cal, has been showing this by Fast Food places in areas closing. which, in turn, helps get unemployment up for Federal Reserve. It's all cyclical now, We're in a doom loop. 🎉
Automation with hot grease needs trained technicians, and probably the conventional kitchen equipment - the automated stuff will break. The McDonald's ice cream machines are often not working. But, the corporations that can do it will dominate the fast food industry. Family owned restaurants will go out of business
Human resource are still cheaper and nimble than robots, why you think governments around the world are complaining about low birth rates, the Industrial Revolution didn’t kill all jobs,just like ai and robots will not kill all jobs
Hi Prepper Princess, we are very similar, I pay in cash too. Save up for everything and don't live beyond my means and I rarely eat out. I've saved a lot of money this way. I even own my own home and then some by being really careful year after year. To answer your question, I would hate to start over but would do everything the same way.
My grandparents and parents went thru wayyyy worse economic downturns. We paid off our home and we had 6.75 % back in 2000-2001.
The housing market in almost every single developed market is more difficult to access for almost everybody now since the 19th century!
True economic feeling is being masked by media and paper printing. The bread lines are disguised as snap and EBT. I dare you to ask your checker at the grocery store how many people pay with EBT
My mortgage that I acquired in 2001 when I bought my first(and only) home was 8.99 and that was with excellent credit!
Nala so cute bits on Rockys ears then goes hides under the table 😊 he's so gentle with her 🐕🐾🐶
Capitalism is not corrupt in its own, the debt is usury. “Capital” doesn’t mean debt. ;) There’s hope! These things do run in seasons. Thank you for you and for your channel!!😊
We're "birthed" into the office of debtor, via the State Birth Certificate.
"...Americans, by unknowingly or unwittingly delivering the bills of lading (Birth Certificate) to us will be rendered bankrupt and insolvent, secured by their pledges..."--Colonel Edward Mandell House
It's a trust system. And most of us are on the wrong side of it.
I was very lucky when I bought my house in 2020 , I got a 3% rate and because I’m a 100% disabled veteran they don’t charge us properly tax here in Michigan.
Brilliant video. My nephew is a Marine and I’m going to be renting his condo which is in Calif near the ocean. (At a fair rent) I feel very blessed.
Yes, it is possible with some mental and little physical work. I went from a high-tech trainer/ instructional materials developer (doctorate in education) to a goat rancher - not total by choice. Got hit in the head at age 52 with a double car metal garage door and have permanent traumatic brain injury. Can't go back to work because of a lack of working brain cells and still don't know if I could have gotten Disability. No one told me. So I used all of my 401K and pension to survive from 52 to 65 in order to start Social Security early. I now live on less than $ 40k a year. I am now a homesteader and have chickens and meat goats, and stsrting an indoor garden under LED lights. I had purchased my 10 acres years before, so I had someplace to go to instead of living in a huge city. It's not easy, but our rural community try to help each other, if only for information. I started home canning any food on sale. Have a stocked pantry of both home canned snd purchased cans of food, rice, pasta, noodles, beans. I have a 1997 farm truck, I built my goat barn by myself, although I may see if the 2 doors and the last 4 stalls a contractor can do - heart problems and shoulder rotator cuff pain/ pinched nerve that are from doing 90% of the barn are making it difficult for me to finish the project. I had to hsve one of my meat goats "harvested" because of birth defects, so I have meat. It all depends on how " high on the hog" you want to spend or social ladder you think you deserve to be. I'm happy in my jeans and t-shirts and rubber boots: free fertilizer for the plants!
Even with TBI, you use your remaining brain cells far better than most people with no such handicap!!
You've got more than 1500 excellent reviews for your book - I'm thinking of buying it!
We use to live under a better form of capitalism where small businesses could thrive. Today we are living under predatory capitalism that is a debt based economy. It consists of huge monopolies that control everything and make it hard for small businesses to survive and debt is encouraged by not offering living wages so people must rely on credit. If I were young, I would move to another country where there are still job opportunities and affordable housing.
We are fine because we are also debt free and saved for retirement, but it is a much different situation for young people today.
Not sure where you think you would move. This is not just happening here, but all over Europe, Australia, Canada, etc.
If families and communities don't pull together, I think there is very little hope.
How ? (lol)
@@SunofYork Do what you can with what you've got?
@@lybfv63 How is that pulling together ? Sound individualistic bordering on happy-clappy to me..
I'm not sure how we do it. Begin in your own home, common values, working together to reach goals, being willing to compromise, respecting each other, parents getting back to raising their children, valuing the elders, taking pride in and contribute to your community?
@@lybfv63 Bit Pollyannaish.... happy-clappy... Here in the real world we have to struggle with how life is in 2024... All the skipping through the daisies only exists in christian heaven, and we have to contend with cancer and depression etc etc.. Raising expectations to lovely, smiley, white-teeth, love and joy can be counter productive and cause harm when reality sets in....
The rich stay rich by spending like the poor and investing without hesitating then the poor stay poor by spending like the rich yet not investing like the rich
Food for just me is $150 - $200 a month. I eat fine.
Same here
I love seeing Rocky and Nala play. Seeing Rocky get a doggie friend is the best thing ever!!
People are willing to go through a lot if they think they can give the children a better life. I think we are coming to a point where people are questioning that possibility.
That's what has lit a fire under me since I've become a parent. Highly effective 👌
thank you. Im only 22, but Im really glad I found you. Its very inspirational to see someone live a full and hopefully very happy life without being trapped in this spending loop. Still doing college but honestly so excited to graduate in 2 years and just work to save up for a house some day.
Changing the subject, have you shown your dog trainer how well the dogs get along? I remember how much work you put into that. It was so worth it. You are an excellent pet Mommy ❤️
I love watching the pets 💝🐕🦺
Rockys sister has brought so much joy to his life. SO CUTE!!!
Again and again and again you continue to keep it real. You're like a super best friend. You chart it out like it is and your take on it makes things crystal clear. My wife and I just love your channel. Big Love and thank you.
I live VERY comfortably, in the Philippines, on VA Disability. US Dollars go a LOT farther, in another country.
@BeerMoneyforTokyo Whoever told you that was mistaken...
BeerMoneyforTokyo Definitely not true for retirement social security, don't know about the others you mention.
It is in the Midwest and especially if you can get an engineering degree. We live very well.
Our grocery bill for a family of 4 is $700-800/ month and we eat really really well!
That’s because that’s a high grocery bill
@@Jane5720 I keep the pantry, fridge and freezers stocked.
Compared to 15 years ago, my income has doubled and I couldn't afford the home I have now. And I never had other debt or dependents to support. That is how bad things have gotten with food prices, home prices and other needs.
Here in Utah we pay the same rent as California, but houses go from 500,000 up into the millions and cost 4500 each month.
It seems every year with inflation everyone starts over, having to re-adjust budgets. The key is to live within means, though most people do not understand that concept. There is a lot of confusion on what necessities are vs luxuries, i.e. fast food... that's the hot topic right now. Most people complaining about not being able to go to McDonald's.... reality check, that is not a necessity the concept of going out to eat even if it is fast food it's a luxury. We can't say our economy is in bad shape just because people can't afford to go buy fast food.
Grew up in middle class. No children went out to eat, except maybe for their birthday starting at age 6-8 for lunch. Dinner out wasn’t until you were considered civilized and could handle a conversation. So, it depended on your parents to decide if you were ready, usually 15/16.
I find it weird by been a foreigner, some usa people always give examples of inflation with McDonald’s,cereals and soda😂.
This is an awesome video! 😀 Have your book and keep it close to keep up with the inspiration along with your videos.
I got sick and lost my really good income. What saved our home and a relative good standard of living was insurance, emergency fund and no debt other than the home mortgage. Car loans are the killer along with credit card debt and student loans.
I have learn d so much from you over the years. Thank you 🙏💕
I like that you mentioned the Hammer! He's fun to watch. You are too you and cute doggies and your great advice we all need!
when I was first teaching I always had roommates. Back then, no young adults lived on their own until they were about 25 or 26.
Most in my area lived with parents until marriage which was 18-24. Some guys moved out into apartments.
In the 80's I moved out the second I got out of school and had my own one bedroom apt as most of my gf's did.
@@loydacoulombe1397 areas of the country may vary. In 1978, in my high school several were married with in a month. 1/2 went to college, most away from home. One had a job lined up and an apartment. School for seniors ended a week before graduation, she started work and took off for graduation day. No one was surprised she left home, started work and moved the week before graduation as her dad was a drunk who broke his kids bones. Her parents didn’t know her new address. The rest of the girls got jobs but lived at home.
I always had room-mates, but my own daughters did not do that as much- just one year each and they decided they were done with it!
I do agree, when I was single I did not have credit card debt. why? because I did cancel all my credit cards now I am married and I have credit card debt. My wife does not understand about financial education hopefully we do not pay mortgage nor rent and the worst she does not want see your channel whatever I like and love your channel. It is the best advisement how to live and enjoy this beautiful life under our means. Thank You!
Oh and I LOVE the outtakes with the pups. They are so cute!❤️
I've been paying $280/month for rent (private room & bathroom), working at a seasonal job near the Grand Canyon. Last year, I had a similar deal, working the season at Yellowstone. Not many people know this option exists. It's a great alternative to the insane rents and cost of living. You get to live in a beautiful location, and save most of what you make. I've uploaded a few videos about this on my new channel, if anyone is interested in checking it out, and learning about seasonal work. Thanks for the great video ❤👍
What do you mean “working the season”?
What kind of work do you do
@reneejkd Absolutely! Two reasons I'm really enjoying this lifestyle: creativity and flexibility. Cheers!
Most people go on and on about the $20 an hour for fast food or retail ... But lets be real. IF you have worked it you know they do not give you full time hours (except mgmt and then most likely you are salary) A nice dept store I worked at a few years back the most they would give out and it was only for a select few was 32 hours. So 32 hours and less you don't get medical of any kind (most places). So everyone needs to stop saying great $20 an hour x 40 a week x 4 weeks. Doesn't work like that. And I'll also add, during peak seasons (think holidays) yes you MAY get extra hours but once that is over you are dropped down to almost nothing. Ex; the retail store I spoke of you could work almost as many hours as you wanted to, but come Jan 1st everyone was back to 5 hours a WEEK. so in reality you cannot make it on that hourly wage plus hours. My coworker managed a dept in the store so maxed at 32 hours then walked across the street to Lowes who paid better and worked 20 hours a week.
It's also true of people who work for places like UPS. A lot of businesses avoid the benefit expense by not hiring full time. Those that do offer medical, don't actually chip in on the cost.
Thanks for sharing your pups with us😊
I'm from Canada. In Ottawa which is a small town. 1 bedroom is over $2000.
I saw you and another person's comment about renting in Ottawa
We live in victoria BC
You always have choices
Maybe live far away
Or maybe keep hunting for cheaper housing
There is always 2000 for a bedroom
Or crappy old place my friend just got for 1200
Nala keeps Rocky young!!
I absolutely lover the way Nala fights Rocky from under the table. So funny. Thanks for another informative video. I am in Scotland and have to do some conversion, but the idea's still hold.
I need to go and live over there… i live in SD (la Mesa) 1/1 apartment I pay 2856 usd ! Yes you read right.
I grew up in SD. 😢 that we can’t afford our hometowns.
Your videos are so helpful. I'm buying your book today!🎉
Looking great as usual and still as smart as ever! An inspiration! Still my favourite poster! Aussie Lady
I’m 21 and commend you for the video
Financial education needs to be taught but it won’t be since it would get people out of the rat race designed by the government and corporations
So channels that enlighten people are gems
One of the motivations I have of documenting my financial journey in a week or so to hopefully reach those kids that start to question
“Why is it so expensive? How can I make more?” Etc
Because at 18 you got so many decisions that might screw you over
Car
Student loan
Moving out (sadly)
It’s wild
Who's going to "teach" it. Not teachers I hope. They are some of the most indebted people that I know. I know a lot of them, as I am a retired teacher.
@@rusticgardenretreat4892 That's what You Tube & public libraries are for!! Adults are expected to seek out those who can teach them by themselves, no more spoon-fed knowledge!!
"You can lead the horse to water, but you can't make it drink." -- Just because it is taught won't mean people will abide by the education. I knew not to spend more than I made, yet I did it anyway in my younger adult years.
I am so glad you kept that puppy. You can't tell me there isn't a lot of more life in your house because there is in your videos. Always show them. We pet lovers like to see them. If I lived close by I would love to come over and we could make something good to eat and play with all five dogs because I have three Aussies.
Nice video. It’s tough out here you gotta make a lot of sacrifices to get ahead
I always stay till the end for the puppy videos!
They want everyone to be renters.
"You'll own nothing and be happy."
all the 99 cent stores are closing so that hurts budgets. thank goodness we have a free monthly pop up produce. you dont know what you get in the box but hey....
Thankyou so much for your helpful videos.
This was by far one of the best videos you’ve produced. I think we are in more trouble than 4 generations unless you consider what we morph into as a continuation of this society. Thanks for your efforts
I had too, after all my worldly items were destroyed in a crash, as I moved to my bug-out location, in November!
Here in TX our electric bill never goes below $200/mo. Usually between $400-$800 in the summer. And that's with taking all the measures to lower electricity use and be conservative with A/C.
You won't believe this, my electric bill last month was $14.68, month before was $14.94 and it has been lower, gas bill$29.02 last month.. consumer cellular phone bill is $28-$30 a month. I have no a.c., no washer and dryer,no microwave, no TV and small fridge. I'm 70 and live in a dump house that's in bad shape in southeast Texas. No car either. Ride bicycle or walk everywhere
It is all the fees
I run my air conditioner overnight. I cool the house down to 64 degrees then in the morning pop it up to 74 degrees . My house cools down faster and the air conditioner doesn't kick in till around 9 pm . I put Styrofoam cut outs in the windows that we don't use during the daytime. My utility bill will run around $200 a month in the summer for gas, electric ,water, sewer combined. Temp range for the summer months in my area during the day are usually between 85 to 100 degrees.
My electric bills always under $40 I have tv cable washer dryer always going electric stove too. Detroit Edison
Another comment. I graduated high school and could solve a quadratic equation but couldn't balance a checkbook or figure up how much tax was owed without consulting a preprinted card. The guy at work that showed me how quit school in 9th grade. I have an advanced degree now, but I have never had call to solve a quadratic equation, but I do have to balance my checkbook monthly