| by Kenneth Chase | 100 comments

A Minimalist Approach to Personal Finance

For most of my life I wasn’t very good with money I made it and I spent it the money came in and out and since nearly eight out of ten Americans live paycheck to paycheck I’m guessing that’s something that you can relate to as well after four years of college I left with a degree in mass communications and 97 thousand dollars in student loan debt. Then I bought a brand new car I told you I wasn’t very good with money. There was something holding me back from even looking at my personal finances It had become a joke. I owe him some money What kind of money I had dug myself into a hole so deep it didn’t even seem possible That I’d ever get out the crazy part all that debt wasn’t stopping me from spending after I got the new car I added a new TV Computer and even a leather jacket to my running tab that leather jacket was pretty cool though soon after college, though I came to the realization that I needed to make a change that I couldn’t just pretend like I wasn’t in massive trouble It was one of the most challenging things that I’ve ever done in my entire life But over the course of 4 years I was able to pay off every single student loan even that car payment and that’s what I want to talk about today Money our problems with it and how minimalism has helped me there’s a basic formula to win at personal finance and It’s this. Spend less money than you make In practice though It’s not that easy money seems to completely slip through our fingers no matter how much money we make our bank account seems to have a Completely different agenda. One of the reasons that we’re bad with money is because money is taboo We can’t even talk about it with coworkers with family members without people feeling judged or downright Offended we can only improve if we start to have honest conversations About money we need to remove our egos and actually try to learn. One of the best ways that I’ve found To learn about personal finance is through books and I’ll give three recommendations Dave Ramsey’s Total Money Makeover Ramita Sadie’s I will teach to be rich and Tony Robbins Unshakable, all three of these books lay out great advice trusted advice that has worked and I think that you’ll find a lot of value from them Don’t fall into the trap of lifestyle creep Whenever we get a pay raise or we start to make a little bit more money We land a really big project. The first thing that we want to do is Upgrade our apartment buy a better car Increase our lifestyle. So then that way we’re in some way rewarding this win But if we were instead to be more mindful about our spending if we were to keep our lifestyle in check and not Inflate it as our income rises. 5, 10 years down the road we’re gonna be able to live a lot more comfortably and we’re gonna have so much more security than if we continue to increase our Lifestyle every year, let’s be honest. We buy a ton of shit and we convince ourselves in a lot of sneaky ways Why we deserve it. I mean I like shopping Is there anything so wrong with that not all advertising is bad but a lot of it is Driven to make us feel as if we deserve the indulgence you’ve worked so hard you deserve this handbag these sneakers or this watch and The truth of the matter is that what you deserve is to be debt-free? You deserve not living paycheck to paycheck we face pressure from social media keeping up with the Joneses or the Kardashians is a very real thing and if we’re not Curating and mindful of our news feeds and our social media feeds it can be Very tempting to want to keep up and have the things that everybody else have otherwise, we’ll have the fear of missing out But here’s the thing rich people are rich because they make smart decisions With their money, they don’t go out and lease a brand new BMW They don’t rent an apartment that they can’t afford and the last type of pressure that we face is pressure from ourselves There’s this thing called the myth of ‘I don’t have’ and it’s something that we tell ourselves To convince us that we need to go out and buy that thing So as a filmmaker, you might say I really want to make that film or that video but I don’t have this lens or I don’t have this camera so I can’t do it or I can’t go out for that run or that jog I can’t start my new workout routine because I don’t have that pair of sneakers but really the only thing that’s doing is procrastinating us from getting started with our goals and our dreams and It’s convincing us that buying that extra thing is gonna solve everything which it won’t you need to make sacrifices when I graduated college Within 3 months I decided to move home with my parents and I lived in my parents basement Literally in the basement for two years. I didn’t date much didn’t spend much I didn’t go out much because I knew that I had to make some sacrifices To get to a point when I could start to take risks You have to be completely clear with why you’re doing this in the first place. Why do you want to be debt-free? Why do you want to have? Financial freedom when we truly understand why we don’t want to be living paycheck to paycheck Why we would want to be debt-free Everything else comes a little bit easier when We think about having the security and safety being able to take care of our family and our friends if they run into trouble It becomes more obvious Why this is so important you’re able then to take more risks to challenge yourself. Put your push yourself outside of your comfort zone In ways that you otherwise wouldn’t be able to I know for myself if I wasn’t debt-free, I Wouldn’t be where I am today. If I didn’t take in that first step and realize that I had a problem I wouldn’t have had that domino effect that led me to where I am to be able to take pretty ambitious and risky decisions to move across the country to Leave my business and start a complete new one these aren’t easy decisions and when you have debt It’s gonna be that much more difficult and that less likely that you’re gonna succeed The strategy couldn’t be more simple spend less money than you make but as you know We face a lot of pressure to do the exact opposite But if you can out maneuver these forces, if you can build a healthy relationship with money, and create positive habits that stick You will be able to become financially free Thanks so much for watching. What strategies tips tools and books have helped you on your own Personal finance journey what things have helped you to chip away and even get out of debt? I’d love to hear about your success stories as well as a part of that conversation opening up the dialogue about money I think we should be encouraging each other and Really rewarding each other for making positive steps in our lives try not to feel threatened or discouraged if other people have a great success story see it as Potential in yourself if somebody is able to get out of debt. That means that you probably can too. Thank you guys for watching


Matt D’Avella

Jun 6, 2018, 2:28 am Reply

Hey everybody! I'm making a course on habit change (it's my first one and it's going to be awesome). There will be lots of videos, silly jokes, & most of all actionable steps to make any habit stick.

Sign up to hear about it… http://mattdavella.com/newsletter

Teja Karlapudi

Jul 7, 2019, 9:26 pm Reply

I calculate how much I actually need to live ($X). Whenever I get my Salary, I keep X + $300 in my account and send the remaining money to a secondary savings account and I pretend that, that secondary savings account does not exist. I only take money out of that during an emergency.

Garry Arik Pradhana

Jul 7, 2019, 7:16 pm Reply

where were I be for so long? youtube algorhytm worked just right, my new favorite youtuber, thank you for the advice!

Leticia G

Aug 8, 2019, 3:08 pm Reply

U r so good

Shirine El Zaatari

Aug 8, 2019, 5:39 pm Reply

You can also use Monzo bank app which automatically categorises your spending! Monzo has been like the best money related thing that I came across.
You can use this link to sign up for free if you live in the UK and you'll get 5£ also: https://join.monzo.com/r/nboa2ce

Kita Pillar

Aug 8, 2019, 8:32 am Reply

My dad taught me to always put 10% of my paycheck into a high-interest savings account – the one that denies that month's interest if you withdraw from it. So if I only made $200 that week, I'd only have to put $20 into savings. I also learnt to ALWAYS pay rent and utilities first. I learnt to dumpster dove for groceries and I would bring home $600 worth of perfectly good food each week from bins behind supermarkets. It was all wrapped in plastic, so safe to eat. I'm vegetarian which when done thoughtfully is very cheap. Now I earn more so I can buy food instead of diving for it and I can put 30% of my paycheck into savings. I cut my own hair, make my own meals from scratch, have a vegetable garden, drive a super fuel-efficient car, make my own cleaning supplies, repair my own clothing, buy clothes and household stuff from op shops and garage sales and so much more. Living cheaply doesn't mean skimping on luxuries either. I call Fridays 'junk food Friday' and that's when I buy dinner, usually I go to Lord of the Fries and pay $13 for my meal. That's a treat for me and it doesn't cost much. Before I buy something, I write it on a shopping list and if in 3 months time I still want it, then I buy it, but I always look for secondhand first. I opted for extra tax taken from my pay so at the end of the financial year when everyone else gets $700 back I get $7000 and I can pay for bigger expenses and out what's left into my savings. I don't really use any of it for mindless spending. Some people think I make a lot of sacrifices, I disagree. I think mindless spending is a sacrifice. It sacrifices your future, your bank balance and in time your happiness. Now in an age where millennials are facing the reality that they may never own their own home; I have other plans. My savings have amounted to enough for a deposit on a block of fertile land. I will build a house from rammed earth, off-grid and self-sufficient. My house will likely cost less than 50k and will cost less to maintain too. I will grow a food forest and live a comfortable, low-impact life. What will you do?

Frank Sedem

Aug 8, 2019, 10:14 am Reply

I read All your Worth by Elizabeth Warren. great book on personal finance


Aug 8, 2019, 12:27 am Reply

Since I'm paid an hourly wage, I think of the things I want to buy in terms of how many hours I have to spend at work. Certainly has helped cut out spending on things I don't really need or want. For the first time in my 30 years of living, I've got a modest but growing savings!

kalyani joglekar

Aug 8, 2019, 11:50 am Reply

New subscriber ❤

Paula Murrien

Aug 8, 2019, 5:01 am Reply

Great content! You're such a blessing! Almost debtfree! Living a minimalist lifestyle! Its freedom!


Aug 8, 2019, 2:19 am Reply

Nothing new here. Spiting out the same content that every other “personal finance” guru on YouTube speaks for profit. Moving on

Lance P

Aug 8, 2019, 4:19 am Reply

This is actually very eye opening! Thanks for posting!

Megha Singh

Aug 8, 2019, 10:56 am Reply

Shabby hair look good on you. ?

Naa Antwi

Aug 8, 2019, 2:09 pm Reply

When I was in University my mom begged me not to take student loan..she will send me money when i needed it..even though I wanted more, I managed ..So grateful now… but the loans wasn't that much in my country ..American student loans are ridiculously high..


Aug 8, 2019, 4:20 pm Reply

Oh thnx man u just stopped me

Aviatre Flyte

Aug 8, 2019, 8:21 pm Reply

Debt free? Easy – I tell myself, I’ve done without until now and I won’t die for not having it. I also see an item that I know that I need, ie new vacuum cleaner( the old one caught fire, I’m not such a minimalist that I’ll just use a broom ). I will see what I need go away and think about it check prices elsewhere, then go back and buy it if it’s right on another day, or if a friend is going that way I get them to pick it up for me. The bonus, peace of mind, I sleep at night. Thank you for your lovely videos. Xxx


Aug 8, 2019, 12:46 pm Reply

U are handsome. Thank you for advices… I am single mom and times are rough ?

Fang Qu

Aug 8, 2019, 4:54 pm Reply

Is this a Dave Ramsey sub channel?

Naman P Singhal

Aug 8, 2019, 5:21 pm Reply

Hooked to your channel since a couple of days now

Candice Campbell

Aug 8, 2019, 8:28 pm Reply

Also, be careful with who you marry. You could marry a narcissist that loves to spend, spend and spend.

Nangu Kamerika

Aug 8, 2019, 8:48 am Reply

Really Dave Ramsey and watching minimalists lifestyle shows. You need to understand the concept proper..

Kylea Pearson

Aug 8, 2019, 4:07 pm Reply

Hey! I love your channel and your videos are so helpful and amazing. I was wondering if there's any chance you could make a video based on finding freelance work. Typically freelance work is more popular in LA and SF and there's a lot of websites claiming they have the best choices and as college students looking to gain experience and maybe a little extra cash, it would be helpful to know where to start, as I heard you mention that you did some freelance work yourself in film. Anyway, love your content!

kris matt

Aug 8, 2019, 9:43 am Reply

Easy advice from somebody who makes 10k+ per video.
Just die a minimalist with money under your pillow and a lifetime of sacrifices and deprivation. Save money, yes, at least 10%, but do not strain yourself into a minimalist lifestyle. Life is too fragile to live it with a deprivation that strains and drains your mind.
I tried and became ill.

kris matt

Aug 8, 2019, 9:48 am Reply

What Americans call minimalism is a freaking joke.


Aug 8, 2019, 1:33 pm Reply

Too much self-reflection, very few actual tips. Please be more specific in your videos

Partho Roy

Aug 8, 2019, 6:39 pm Reply

hi im from india love you content big brother


Aug 8, 2019, 3:32 am Reply

Auto subscribe.

cloedu led

Aug 8, 2019, 10:25 am Reply

Thank you – appreciated it very much


Aug 8, 2019, 9:21 pm Reply

There’s a really fantastic book I can recommend called “young money” by Dasarte Yarnway. It’s about how you can use your time to make money for the future.

The basic philosophy is that, as a 20-30 year old you have something so valuable that even no amount of money can buy – time.

The 20+ years you have over a 40-50 year old entrepreneur is more valuable than his entire stock portfolio if you spend it right.

It taught me how best to budget and build habits to build wealth as efficiently as possible.

Cannot recommend enough <3

Chris Knows

Aug 8, 2019, 1:22 pm Reply

I stopped halfway through the video. First I want to say the visuals are great as well as the music. But as a financial planner, the overall theme of this video is terrible. I got as far as him saying that you don't deserve things after hard work, but you deserve to be debt-free, lol. Look man, we deserve whatever we want! I don't believe in minimalism AT ALL. I've never lived my life like that. What people NEED is a good budget that allows them to blow some cash on themselves every time they get paid.

If you allow yourself to blow money on yourself all the time, it gets old and you'll end up more conservative. It usually only takes a few months to reach this level of conservatism. It's the same reason lottery winners go crazy and end up broke. They've never allowed themselves an allowance to blow on themselves.

Bottom-line you should have at least 4 accounts. 1 for Expenses, 1 for Savings, 1 for Investments, and 1 for Blowing it. Savings, Investments, and Blow it all accounts should be allotted the same percentage. You can check my video about that out here: https://youtu.be/96bwT9SkWbE

Mehnaz Tabassum

Aug 8, 2019, 2:43 pm Reply

Not inflating our lifestyle as income rises, sounds like a good plan!


Aug 8, 2019, 9:20 pm Reply

America you have such a big problem with student dept. First thing you can do: Don't elect Trump again

Second thing: Try to get a degree in an other country for less money
Third thing: Get a fucking insurance! If you get cancer without no insurance you are fucked and all others around you too. That shit costs you 100k per year.
Fourth thing: Do not get a credit for ANYTHING

Queen Mia

Aug 8, 2019, 6:37 am Reply

Inspired! Thanks for sharing. I’m currently working on becoming “debt free” also.☺️


Aug 8, 2019, 12:02 pm Reply

I have that same british flag pillow xD


Aug 8, 2019, 12:05 pm Reply

The hardest thing is to find somewhere to live thats super cheap.
All i need is a place to sleep, small bathroom, small kitchen.


Aug 8, 2019, 12:06 pm Reply

Do you know Uncle Dave?
(Dave Ramsey)


Aug 8, 2019, 8:20 pm Reply

are. you. single????????????????????

Hamby TV

Aug 8, 2019, 3:16 am Reply


Mariam Bd

Aug 8, 2019, 12:16 pm Reply

Quiting social media + changing friends + hanging out less exept if it is somewhere like forests or cascades where I will not need to spend any money + preparing food instead of bying it.


Aug 8, 2019, 5:10 pm Reply

It's such a simple concept "don't spend more than you make" but yet so many of us fail at this concept (including me!)

Dillon G.

Aug 8, 2019, 1:14 pm Reply

I pretend like I can't afford anything so I don't spend any money.

Manolo Sánchez

Aug 8, 2019, 11:50 pm Reply

I've been living for 10 months in Paris, without my parents. Working to gain my own money… Watching your videos has been really helpfull trying not to espend all my money in the Forst days of the month

celeste mcguigan

Aug 8, 2019, 6:05 am Reply

I am 42. own my own home outright. have essentially semi retired and have never had a credit card…ever. apart from our mortgage (when we had one) If we didnt have the money we couldnt afford it and therefore didnt get it. don't get me wrong looking back I have still wasted money in my time but it was my money credit cards are killers!

Valiant Woman

Aug 8, 2019, 8:09 am Reply

Living at home is a great financial resource for young adults, if they are fortunate to have good parents. If they save and invest etc, it will really help

Think Different

Aug 8, 2019, 11:12 am Reply

1)Create your goal – and know it well.
2)Structure your goal through noting sub-goals(steps/processes/productive habits necessary to complete your goal).
3)Tick off what you've achieved, whilst keeping your Main Goal in mind.
4)Keep your goal to yourself – always.
5)Acquire knowledge, learn-as-you-go and from your mistakes.
6)Be resilient
7)Make necessary sacrifices and strive toward more productive habits, people, events and research.

I wish you the best of luck along your way. You Can make it.
– be sure to Think Different.

Zain Zaidi

Aug 8, 2019, 4:17 pm Reply

Just wondering why didn't I saw this channel before. Great job done Matt. Learned a lot already.

Nicole Sulak

Aug 8, 2019, 9:14 pm Reply

I clicked on this video to play in the back ground and now I feel like my mind has been read… I’m fortunate enough to have 0 debt with an associates degree and bachelors. But I am constantly thinking as I make more I should live in a nicer place or drive a nicer car…. this was like a bucket of ice water wake up call

Jake Boldt

Aug 8, 2019, 12:54 am Reply

Nice room reference!

Natasha L

Aug 8, 2019, 1:40 am Reply

Great content.

Ford Wayne

Aug 8, 2019, 11:01 am Reply

It's ironic that you majored in mass communicatiion, which is partly the science of how to increase consumer spending, yet you advise the opposite. If sellers only relied on prudent spenders who pay cash they'd be out of business. I agree with you though of course.


Aug 8, 2019, 12:47 pm Reply

sadly some of us are on such low income even after spending less than we earn we are in serious shit. but i still give a thumbs up to the video because there are guys earning decent salary not amazing decent and even they are in a hole. by being materialistic minded. buying rolex with their first nice pay check. using credit cards and before they know it they have 6 credit cards with each one with £100 minimum payment and car loan and all sort there is no excuse.

Political Fashionista

Aug 8, 2019, 12:53 pm Reply

we are tempted to consume because, if we put our money in the bank, we get nothing, because of inflation. nobody seems to want to talk about this aspect.


Aug 8, 2019, 3:26 pm Reply

My minimalist approach so strong, I don't even have a personal finance


Aug 8, 2019, 6:29 pm Reply

"They don't go out and lease a brand new BMW." Shit he got me there.


Aug 8, 2019, 8:13 pm Reply

Before I buy anything I check to see if it satisfies the following criteria:
1) utility
2) value for money
3) opportunity cost

The items you really need will always satisfy these three. The items you want will never satisfy the third. And that is how you can differentiate between need and want. Bottom line, the less you want the more you have. That and the book "the richest man in Babylon". I never understood why they don't teach this book's content at school or even uni.

André Portugal

Aug 8, 2019, 9:57 pm Reply

Hi thank you so much for the video.
I just moved in to big city and the place I live doesn't not have a kitchen, I mean I have a microwave and that's it. What do you recommend to improve my personal finance situation ?
Because the income that I got is not enough to a better place and this job i got is a great opportunity.


Aug 8, 2019, 12:40 am Reply

The old you and new you really shows in this video. It’s crazy how maturing can change your looks.


Aug 8, 2019, 4:23 am Reply

Don't develop a nookie habit you be fucked

Pragathi Achar

Aug 8, 2019, 6:02 pm Reply

It’s better to have just 1 or 2 credit cards for emergency purposes. As credit cards tempt you to buy more. Make sure you spend through cash and not through debit card as you’ll have more control over the stuff you buy. Thanks for the video.


Aug 8, 2019, 10:43 pm Reply

Awesome advice, thanks for sharing. My husband and I are almost out of debt and we are in our early 40s. We are far from rich, but we save and are frugal, drive older vehicles, don't have the latest smart phones etc. I have no regrets, it's a happy, peaceful way to live as it gives you time to reflect on what is important in life.

el diesel

Aug 8, 2019, 12:46 am Reply

So… you got paid to mention those 3 books?

Terry Stimac

Aug 8, 2019, 1:33 am Reply

I don’t buy shit and still have debt. You are lucky you had your parents house to fall on. What about unexpected bills such as car accidents or medical bills that can set you back thousands?

Robin Robin

Aug 8, 2019, 3:36 am Reply

Just spend all your money on your mortgage, appreaciating assets folks!

Abhishek Jain

Aug 8, 2019, 7:18 am Reply

A great read for you all – https://allpersonalfeed.com/minimalist-living/

Ross Leahy

Aug 8, 2019, 8:51 am Reply

Good simple advice

Ade Fatus

Aug 8, 2019, 11:28 am Reply

should i move back home so I can save money ?

Joshua Fallet

Aug 8, 2019, 7:26 pm Reply

I wish I could go live in my parents basement for 2 years. I would be so financially free ide feel like a million bucks. Problem is I have a wife and dogs.

So instead I make my wife suffer by living in a shit rental home just to get by. I'll be debt free by next spring. Then we can really start living. We plan to save my income for the next five years and I plan to double my income by then as well.

I'll never be rich and that's ok. I just want to provide a comfortable and fun life together with my partner.

Marques Johnson

Aug 8, 2019, 9:58 pm Reply

Pay yourself first.

Mario Fernandez

Aug 8, 2019, 1:50 am Reply

Your videos have ads now
I’m sad :/
Make that money

Nadia Illuzzi

Aug 8, 2019, 11:39 am Reply

My parents thought at a very young age to put 25 percent of your paycheck on the side it has become my life style I save to spend what I can afford?

steven collins

Aug 8, 2019, 12:42 pm Reply

Most people spend more than they earn when they should just stop buying shit you dont need with money you dont have to impress people you don't even like…just do it!

The Last Samirai – Tunisian Around the World

Aug 8, 2019, 3:48 pm Reply

I played this by curiosity..for me it has always been easy to save money. The less things I buy the happier I am without depriving of things I like such as traveling or eating out..

Calinescu Alexandru

Aug 8, 2019, 4:03 pm Reply

Good content.

Cal Commercial Insurance

Aug 8, 2019, 4:34 pm Reply

One thing I find helpful is to value wealth with a better measuring stick. Someone once said that you can always make more money, but you cannot make more time. If we use time, things look differently. If you make $10 per hour and buy a $100 pair of shoes, those shoes cost 10 hours. Or more extreme, by that measurement Warren Buffett doesn't look so rich anymore because he's 89 years old and will die fairly soon relative to a 22-year-old college graduate with $100,000 worth of debt.

And if time becomes the yardstick, then making more money and investing becomes about winning back your time. A higher paying job, then, only makes sense if it ultimately yields more free time. Why get a bigger house? It simply steals your time. Etc. etc. etc. And it also puts a new spin on minimalism: if you have less stuff, then you spend less time maintaining, managing and worrying about your stuff, which means more free time to focus on what really matters.

Sean Winterton

Aug 8, 2019, 8:42 pm Reply

97 grand for a useless degree

Lin Xu

Aug 8, 2019, 9:21 pm Reply

Stack sat!

Phillip Reynolds

Aug 8, 2019, 10:38 pm Reply

When I wanted to move out, my dad gave me a great way to save. He told me to figure out how much I could save and not miss. Next, I was to set up a savings account that would pull the amount of money out of my checking on a regular basis without me having to do it. That way, the transaction would keep me from having to ever see that money move.

Daniel Glover

Aug 8, 2019, 10:55 pm Reply

I bought some expensive wireless earphones today for £150 which will last me at least two years. I also had a coffee in a cafe which cost me £2.60. Which is more expensive? I actually have a coffee every day so this will cost me c.£1,900 in total for two years. But my earphones still only cost £150 in two years time.

Gina Chu Cheong

Aug 8, 2019, 4:27 pm Reply

I have learned there are starters and finishers. Good at starting, bad at finishing. Good at finishing bad at starting. Fix the one u are bad at and you're good to go.

FlyingRose S

Aug 8, 2019, 6:36 pm Reply

Rich people can also be rich because they inherited it or because they are corrupt. Let's not pretend that this doesn't exist when is clearly everywhere. We can all make better and more frugal decisions but looking at the rich as an example, is rarely a good idea. Very few rich people got rich by being frugal in the first place. You can only save so much, you get rich by increasing your income.


Aug 8, 2019, 10:04 pm Reply

This is the absolute perfect advice to give someone about saving. You knocked it out of the park. I've been living by the "spend less than you make" and "dont use a raise as an excuse to splurge" rule all my life. Infact when I moved to the west coast, I sold everything I owned, bought a backpack, and some premium quality ultralight camping gear and just lived out of it for two years homeless in the park while working every day. I'm enjoying the fruits of my sacrifice bow.


Aug 8, 2019, 10:15 pm Reply

0:54 he looks a little like Peter Dinklage

tom K

Aug 8, 2019, 12:35 am Reply

Good general advice, however the cause of 8/10 Americans living check to check is more to do with your fucked minimum wage & chrony capitalism than bad financial habits. Try saving money on 7.25/hour. Good advice though for people making a real wage

Chris Kofski

Aug 8, 2019, 1:55 am Reply

Seriously – a net worth graph calculated every single Sunday. Even if it’s in the negative. It’ll change your life.

Ainsley Ameerali

Aug 8, 2019, 6:44 am Reply

I honestly believe that our entertainment bill is high . Everyone wants to be entertained. If we go to the movies. Those expensive parties. The expensive restaurant. The iphones . Designer clothes .etc … We get trapped in a zone that we must acquire more and it becomes so over whelming. I have cut back alot . I have realised that one thing i do not compensate on is my vacation time . During the year i cut back on all of those unnecessary purchases that do not add anymore value . So when summer comes around i go on a boss vacation. And to me when i get older i will remember all the fantastic vacations that i took ,not the trendy things that i brought that are old and now thrown away .


Aug 8, 2019, 10:24 am Reply

good thing i saw this, thanks Matt

Stan Brooks

Aug 8, 2019, 1:07 pm Reply

Rich people spend money like they are poor and poor people spend money like they are rich.

James Brennan

Aug 8, 2019, 4:12 pm Reply

60% of my money goes on partying


Aug 8, 2019, 4:19 pm Reply

This good, great content!


Aug 8, 2019, 11:44 pm Reply

i wish i was born rich.


Aug 8, 2019, 6:40 am Reply

I logged in just so I could comment on this, here, video. When I left the world of film & theatre (I was writing, producing, and directing TV commercials for local businesses and non-profit organizations, here, in Vancouver, BC, Canada), I right away went back to work at a call centre for 2 years, and then I worked at a dollar store for 4 years, all as a means of paying off my student loan that I'd taken out for film school back in 2005. … Since I'd paid off my previous student loan in full, I was then eligible for more student loan funding (which was my objective, initially). And so I'm back in school, once again, except this time I'm studying towards becoming a doctor. I live a fairly minimalist lifestyle. I have a gluten-free, whole food, plant-based diet (it's NOT "expensive" if you know where to shop, what steps to take to plan your meals, and how to penny-pinch without compromising your comfort level in simple living). Just last week I started financing my first ever vehicle, which is a pre-owned, 4 cylinder, automatic transmission, early-10's model Honda (it should last me well through college + university, so long as I keep up on it's regular maintenance when need be. My friends told me that it looks "brand new", and one of my friends even thought that it was a 2019 model!). One time before payday, a few weeks back, I was surprised that from what I had in my bank account, plus what I had in my wallet, amounted to $13.75 (not very much money at all, but it's a start) and this was AFTER having eaten EXTREMELY WELL & HEALTHY ALL WEEK, and after putting gas into my vehicle, AND even paying for my best friend's cigarettes & liquor during the weekend (even though I, myself, am a non-smoker, non-drinker, and also a non-marijuana-smoker; but I didn't mind paying for all of that since he flew me out to Calgary and even paid for my Van Halen concert ticket back in 2004. Pay it forward!). Things CAN manifest differently in one's life when one FINALLY starts taking accountability for one's own expenses and chooses to sit in the driver's seat of one's own life (pun very much intended ;)). … Just get your shit together, and stay on top of your game!


Aug 8, 2019, 2:10 pm Reply

Working on a 3 yr plan to be debt free.


Aug 8, 2019, 2:19 pm Reply

Tips: cook at home and take a lunch to work. Eat out no more than once a week. Buy quality clothes and shoes (from outlet stores) that will last awhile so you don't waste money on cheap things that fall apart. Put a chunk of money into a savings account as soon as you get paid each week/month and do not touch it. Do not impulse buy online. Put purchases in your cart and then sleep on it to decide it you really need that item.

A Olvaar

Aug 8, 2019, 4:12 pm Reply

You graduate debt free, get a $150K/yr job, the question is What are you buying to make yourself in Debt.
$500/mo mortgage, $500/mo car, $1000/mo Girlfriend(s) just live good.

mrLuck Man

Aug 8, 2019, 4:26 pm Reply

Point of Video :
A minimalist, spend less than you make.

Hello Mihai

Aug 8, 2019, 4:41 pm Reply

Really great advice. Living below your means!! And you don’t need to buy ___ to do that thing. Such great advice!


Aug 8, 2019, 6:56 pm Reply

I had 5k

Until I met a girl


Aug 8, 2019, 4:21 am Reply

Think and Grow Rich – Napoleon Hill
Money, Success and You – John Kehoe
Making Money made Simple – Noel Whittaker
Barefoot Investor – Scott Pape ??


Aug 8, 2019, 5:18 am Reply

Don't get a credit card and use it for emergencies. If you can't afford the emergency now, you may not afford it later. Plus all that interest and over limit fees can ruin you.


Aug 8, 2019, 6:23 am Reply

Excellent rules especially the first one. I have to say though this is such an American problem just like overeating, being a son of first generation immigrants will teach you budgeting. I will add a small tip which is look for deals. Buying is fine, you have to enjoy life too. I try to aim for 30-40% off, personally it makes me ecstatic when I get a great deal.

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