Sign up for my free masterclass the ultimate 'Four-Step Path to Financial Freedom': nischa.me/wealthmasterclass
@rzmr
3 ай бұрын
Hi, according to you, what is the percentage needed to be cut/taken from our income when buying a car?
@santag564
3 ай бұрын
My bank account isn't growing, though I look and talk like a Rich man! So I do performative grief so that people understand I AM actually Poor! What to do?! 😅
@Behindthecurtain-s1o
3 ай бұрын
I'm a little bit older so it stands to reason I learned this a long time ago. I wasn't aware there was a name for it. And for what it's worth to whomever may read this, I learned to enjoy my desire. To even revel in it. To enjoy the anticipation. As Nischa points out, we no sooner than obtain our desire before we have dismissed whatever it is and are looking forward to our next conquest, as it were. I tell you you can wallow in anticipation. It is exciting. A bad example would be Nischa. She is beautiful. I know I will never meet her. But it is exciting to wonder and desire and fantasize about it. Another example. I would love to have the biggest, gleaming black GMC Sierra Denali that has ever been made. But I know as soon as I bought it it would lose its lustre and I would be eyeballing some huge Suburban. Like Curly said in City Slickers 2, "you just have to find that one thing".
@jamesm5192
2 ай бұрын
You don't follow your own advice at all... The only reason for female social media influencers is their looks; less than 1% of them are honest to basic standards of honesty.
@vikrantsonawane7237
2 ай бұрын
I love you reply
@Trazynn
3 ай бұрын
I'm poor so looking poor is the easy part.
@martywilliard
3 ай бұрын
LOL
@josh3221ify
3 ай бұрын
Then try looking rich.
@richardb6844
3 ай бұрын
@@josh3221ify thats the trap most fall into.........
@theajayieffect
3 ай бұрын
😂😂😂
@li19831224
3 ай бұрын
It’s comparison..you are not poor since you have time and access to internet. You just feel you are
@GoryNych-ru3op
Ай бұрын
I worked 30 years for a fortune 500 firm, was able to retire at 54 and live in a gated community where I can enjoy my remaining years. SAVE MONEY so it is there when it is needed. As someone else said, it can be cool to be a minimalist and poor when young, but it really sucks when you are old. So work for your future self.
@Joe900-px3nt
Ай бұрын
I enjoyed my job and didn't view it as "a daily grind." I also had a lot of freedom and flexibility. Retirement for me has been all losses and no gains, I'm afraid. Each withdrawal has only made it difficult for my savings to recover through compounding. It feels like etf's and bonds might just be limiting my returns instead of managing risk
@GLADIATOR-tz7yt
Ай бұрын
I'm approaching retirement and having a fund manager has been helpful. I started investing later than most, so relying on compound interest from index funds or bonds wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $6 million
@Joe900-px3nt
Ай бұрын
I'm currently reassessing my retirement portfolio and could use some guidance. How can I get in touch with your manager?
@GLADIATOR-tz7yt
Ай бұрын
I usually avoid making specific recommendations because everyone’s situation is unique. However, my experience with Emily Ava Milligan has been quite positive. You might find it worthwhile to see if her approach fits your needs.
@Joe900-px3nt
Ай бұрын
I looked for the name online and found her page. I emailed and made enquiries. Thanks for the help
@georgetown8986
3 ай бұрын
You don't want to look poor. You don't want to look flashy. Subtle is key.
@halcyondays8945
3 ай бұрын
Yes “looking poor” is not an advantage unless you’re buying a car.
@AndyWarhol1962
3 ай бұрын
@@halcyondays8945 Or being on vacation...
@hnnhml
3 ай бұрын
Agreed
@neilwood8794
3 ай бұрын
It’s a thumbnail guys
@Vanessa-qy3lt
3 ай бұрын
Exactly.
@sirheisenberg4459
Ай бұрын
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
@PremSteve-yg4de
Ай бұрын
Currently, the market is predominantly influenced by professionals who possess not only advanced business strategies but also access to privileged information that is not available to the general public. This combination of strategic insight and exclusive data gives them a significant edge, allowing them to steer market trends and make informed decisions that are beyond the reach of average investors.
@belobelonce35
Ай бұрын
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
@Tanner-c2m
Ай бұрын
Could you possibly recommend a CFA you've consulted with?
@belobelonce35
Ай бұрын
Actually its a Lady. Yes my go to person is a ‘Rebecca Nassar Dunne'. So easy and compassionate Lady. You should take a look at her work.
@BateserJoanne
28 күн бұрын
Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.
@Money-x5b
Ай бұрын
there's a book called Secret Pathway To Triumph, and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
@van_vinos66
Ай бұрын
Who is the author please?
@ros8986
27 күн бұрын
@@van_vinos66 this is why we have google.
@alinab6571
18 күн бұрын
@@van_vinos66 probably the person who posted this comment
@stucam8110
3 ай бұрын
I think as you get a bit older, you realise this and don’t give a shit what people think of you, it’s freeing
@drewyoung2102
2 ай бұрын
I am mostly there. I met a few wealthy people with a rusted Ford Explorer and baseball hats.
@thorsrensen3162
2 ай бұрын
women havw allways looked right though me like I am invisible so I dont need to spend money on expensive clothes or drive flashy cars to impress them. I no longer care.
@lyndonfring6421
2 ай бұрын
That's why old people like me fart when we want where we want. We don't give a shit... no pun intended.
@thorsrensen3162
2 ай бұрын
@@lyndonfring6421 me too, if I feel like some pressure building up I dont hold it back. I just fart, even if it is at a meeting with some of the clients high bosses.
@BWater-yq3jx
2 ай бұрын
You give less of a shit. But I don't think absolutely not giving a shit is actually healthy.
@RevelQT
3 ай бұрын
Money gives you one thing only.... choice. Choice to take a holiday, Choice to buy a car, or a better one, same for house same for clothes. etc. I became debt free, 1 years ago. You have no idea how much of an anvil, debt is. It doesn't buy you love. There is no such thing as a secure job, jobs for life do not exist. Plan for retirement and be debt free before you do retire. Retire as early as you can. Invest time and effort in yourself, INVEST in your health, INVEST in your WEALTH. YOU WILL BE CONTENT.
@averagestudent4358
3 ай бұрын
Needed to read this
@rostyloco1
3 ай бұрын
The general idea is fine but debt can also be tool to build wealth or at least speed it up if you know how and when to use it. (Buy Tesla stock when its down 80% for example)
@averagestudent4358
3 ай бұрын
@@rostyloco1 good thought
@hnnhml
3 ай бұрын
Yes 🙌🏻
@libertarian4323
3 ай бұрын
@@rostyloco1 Why would you need debt to buy stock?
@jackmcclary2136
3 ай бұрын
Looking wealthy around family members often breeds jealousy and creates expectations about what special occasion gifts others will receive from you. It also increases the likelihood that you will be asked to host others, pick up the check at restaurants, make loans that won’t be repaid and to bail other family members out even if their misfortune were created through poor decision making. Look modestly presentable at family functions but refrain from appearing like you have a ton of discretionary income. Don’t ask me how I know.
@philly2210
2 ай бұрын
This comment 💯
@FilmScape4K
2 ай бұрын
How do you know ?
@fluffyMajestic
2 ай бұрын
@@FilmScape4K I guess from a KZitem tutorianl.
@ΒύρωναςΛαδιάς
2 ай бұрын
What about a house though? Even if you look modest, they'll knwo you're well off if you have a nice house.
@fluffyMajestic
2 ай бұрын
@@ΒύρωναςΛαδιάς Than have a second home (little apartment, shared flat...) that looks poor, if you have to invite guests.
@amalendu5661
2 ай бұрын
borlest forbidden money books (thank me later)
@jacksync8713
Ай бұрын
thank you, Just checking it out.
@Higuannn
2 ай бұрын
This is an eye opener video and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90,000 per annum but nothing to show for it.
@hullbruce
2 ай бұрын
The 5 percent fixed incomes are a safe bet. Save your cash for when the market actually shows sign of recovery or better still seek professional help.
@Jaymilnere
2 ай бұрын
@@hullbruce Speaking from personal experience, I would say engage professional guidance. Not sure where you get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
@Higuannn
2 ай бұрын
@@Jaymilnere This wouldn't be the first time i am getting the suggestions to use one, but finding a decent one has been challenging. Do you mind leaving some recommendations?
@Jaymilnere
2 ай бұрын
@@Higuannn I'm not one to give recommendations but The likes of Sharon Crump Cline does a good Job. I've been working with her for years. All the info. you need to set up an appointment is on her web page.
@Higuannn
2 ай бұрын
@@Jaymilnere Thank you for this pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a calI session with her.
@treygounder3361
3 ай бұрын
As we get older, Freedom matters more to us. So jumping on a flight to see family without much care for the price feels awesome.
@QoraxAudio
2 ай бұрын
Yes, money can get you a lot more than just random fashion BS and freedom is one of those things!
@ashish5287
2 ай бұрын
you need lot of money to jump on a flight without much care for money :D just kidding.. I agree with your point. Chase freedom, not money.
@robant5578
2 ай бұрын
Does your family feel the same way about seeing you uninvitedly?
@carlostosado8965
2 ай бұрын
@@robant5578 why would you visit uninvited?
@mujjuman
2 ай бұрын
@@carlostosado8965 my family visits uninvited all the freakin time
@David-u4s6r
2 ай бұрын
We retired last year after working our butts off for 35 years and doing everything we could to appear "poor" even though we are not and never have been wealthy. We have no debt (including no mortgage) and ample monthly income but certainly not wealthy. After driving our Honda for 9 years (258,000 miles) we bought a nice car. We could care less what neighbors think, we smile every time we take a ride and have no buyers remorse! We don't want to look poor and don't believe it's important to look poor! Life is too short not to enjoy the fruits of your hard work.
@KaiPonte
Ай бұрын
This is what I hear repeatedly. I've known many millionaires. The vast majority of them are driving their older economy car until the wheels fall off. They may have a fun car, but that is purely for weekends or special occasions.
@omphemetsechake2839
Ай бұрын
I'm a 46 yr old from South Africa, I run my own Accounting and Tax Firm.... I work more than an average person does! I'm not going around looking poor and be judged by the very same people I should impress ny looking poor. Lol😅😅
@ros8986
27 күн бұрын
I think what she means by "looking poor" is not wearing or owing "designer" label goods.
@benice3268
2 ай бұрын
She doesn’t look or sound poor in the slightest 😂
@deedy433
2 ай бұрын
😂😂
@MG-rw2sk
2 ай бұрын
Have youtubers/influencers ever applied their own bullshit advice?
@TLCHobbies
2 ай бұрын
Skillshare must be paying off.
@Kingtvriq
2 ай бұрын
You read my mind😂
@briweeks71
Ай бұрын
😀She's hopping off that hedonic treadmill and doing some traveling, to an ascetic retreat I'm sure. 🤣
@AllisonSherman657
Ай бұрын
"Sometimes, it's not about having a talent, skill, or passion. But what if I told you that with the right investment, you can still achieve your goals? No talent, no skill, no passion, but good investment can bring you financial freedom. Don't underestimate the power of smart financial decisions!!!!!!!!"
@rougeur
Ай бұрын
I agree with you and I believe that Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry.
@face2lune
Ай бұрын
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
@AllisonSherman657
Ай бұрын
@@face2lune Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial planner. For the record, working with one has been the best for my finances...
@face2lune
Ай бұрын
@@AllisonSherman657 How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@AllisonSherman657
Ай бұрын
@@face2lune I get guidance from *Susan Tori Davis* ,Most likely the internet should have her basic info..
@kayboy7096
2 ай бұрын
*Making money is an action. Keeping money is a behavior, but "Growing money is wisdom" I just saw this quote🔥*
@Madamrose1812
2 ай бұрын
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments.
@MichaelWaisJr
2 ай бұрын
Not getting mugged or screwed over by your social circle is the best part.
@SlavaEremenko
2 ай бұрын
I feel bad for people in a position where their social circle is screwing them over... pick better friends maybe
@mx.chiugo
2 ай бұрын
@@SlavaEremenkoit’s not always about choosing better. Ppl need to not be terrible people
@FilosParaSofia
2 ай бұрын
Mexican here. If you have a business... you'd feel fearful.
@HeartFeltGesture
24 күн бұрын
@@mx.chiugo No its totally about better choices, because people are generally terrible and narcissistic, in the modern world. Know your enemy, know the signs, research narcissistic behaviors and become aware of the universal red-flag behaviors. WAKE UP! Live in reality, not wishful-thinking-land "I will put my discrimination on hold while I wait for everyone to become better people" Um......no.
@Insightfill
3 ай бұрын
7:41 "Money talks. Wealth whispers."
@safirahmed
Ай бұрын
Debt shouts.
@sharinglungs3226
17 күн бұрын
Yeah those billionaires and their super yachts are so stealthy and subtle /s
@lizzosday
2 ай бұрын
When we moved into our home 10 years ago, I painted the quote "Gratitude turns what we have into enough" on the kitchen wall. It's become our family motto. It keeps us humble and focused on what matters most, and when we start to get frustrated with not having "all the nice things" it shifts our focus back to being thankful. If I start to get an itch to want something new, I take something I currently have and give it some care and energy and focus on my gratitude for it, and suddenly that need for the new thing is quieted. It has drastically changed our way of living, and I'm forever grateful for it.
@Changeforthebetter_7
2 ай бұрын
Gratitude turns what we have into enough... It really opened my brains.. Thanks..
@loekie7727
2 ай бұрын
Love that!
@JustinFH
2 ай бұрын
Great quote and a fantastic approach to life!
@WillyJunior
2 ай бұрын
You painted words on your wall so you now look poor! Assignment complete
@wildbill562
2 ай бұрын
It's not having what you want - it's wanting what you have. ~Sheryl Crow
@FilipeFerro
2 ай бұрын
I learned this in college 15 years ago in Micro-economics. People who win the lottery return to their baseline level of happiness, and after a certain income level (there is a minimum threshold) your happiness stays the same at any income or level of wealth. Since then, I have thought, we're no better off than cavemen. When people say they're glad they live in the 21st century with cars and all the technological progression, they think they're better off, but it's an illusion. Cavemen didn't know any better, even if their quality of life was much lower, their happiness was likely the same as today 🤣
@FreemanJameZ
2 ай бұрын
At first, the growth of the businesses is all that matters to us, and while many growth firms claim to be growth companies, in reality, they are non-growth companies, there are plenty of growth companies that are not expanding.
@bossqueen_lala3098
2 ай бұрын
what I expect for the remainder of this week is most likely just some choppy sideways price action potentially a very slight bullish relief here
@FreemanJameZ
2 ай бұрын
here is an example of the importance of a financial broker people like *Leah* *Foster* *Alderman* and co.
@FreemanJameZ
2 ай бұрын
she went on to manage my portfolio i become a stakeholder which comes with a cost of only about 1.5 million at this point in time dream lined efficiency
@AdamWright8fool
2 ай бұрын
to take $25 worth of credit from another lender let's say you got little Bobby over here who's willing to have him collateralize his debt and then issue him another $25 off of that well you just took money that was borrowed and you were able to leverage that borrowed asset for more capital
@palebiss1646
2 ай бұрын
anything here that would be noteworthy in terms of bullish price action
@zingara76
3 ай бұрын
In my country looking poor is life saving. LITERALLY I’m not joking. Here if you show that you have any money you get kidnap. That’s something you learned from very young age. I have a good job where I make good money, and that’s because I speak English, but I tell all my friends and family members that I work as a waitress and make not much money. I drive I very old car and dress as a waitress. Black pants white shirt and hair up. The only person that knows the true is my mother, but she’s the one who teach me how to as she’s been doing the same.
@Jezza_C_WT
3 ай бұрын
Dang, that's crazy. It's not like that in general in my country, but I did grow in some of the roughest parts so I do understand how nice things can paint a target on your back. Your example is very extreme though. Best of luck, and stay safe out there!
@Anadrolus
3 ай бұрын
Are you in South America ? what country please ?
@ParminderKaur-bd1jh
3 ай бұрын
which crazyyy country is that?? many cultures are not happy for others success...everyones success or failure is their own responsibility, you have no role there...:))))
@sunklair
3 ай бұрын
Latin America? Because girl, I get it. 🫠
@magali.bazzano
2 ай бұрын
What country? I'm curious.
@yistera
3 ай бұрын
What's with these look poor advises from youtubers? There's a difference between "looking poor" and not flaunting wealth.
@JackAndTheBeanstalkr
2 ай бұрын
one phrase has two words and the other has three words
@Wonwonssi
2 ай бұрын
What they meant is actually "not flaunting wealth". But you know, "looking poor" sounds like a title that will attract more views. It is more intriguing. You're not supposed take titles too literally to begin with.
@hellucination9905
2 ай бұрын
They are just trend hopping like typical opportunists without individual ideas. Last year they all talked about the 'old money aesthetic' and 'silent luxury'. It's laughable.
@ronnylackey5841
3 ай бұрын
Stop valuing your consumption and start valuing your production. Even if you just cook for yourself, having an exceptional home-cooked meal gives you far more pride and joy than having an exceptional meal out.
@jialee140
2 ай бұрын
Totally
@JackAndTheBeanstalkr
2 ай бұрын
@@jialee140 totally
@mujjuman
2 ай бұрын
i agree... my wife doesnt agree. her whole family and upbringing is vastly different than mine... i found out only after getting married... known each other for a few years
@tonnypedersen5915
2 ай бұрын
to much consumption keeps you poor.
@franklin6749
2 ай бұрын
100%
@samdcosta1757
Ай бұрын
But you yourself isnt looking poor based on your clothes & the room you are sitting in ,
@nakdickson
Ай бұрын
What if she's richer than what's in the video?
@samdcosta1757
Ай бұрын
@@nakdickson that’s what I am saying
@nakdickson
Ай бұрын
@@samdcosta1757 that means she's still living in her means. I guess.
@samdcosta1757
Ай бұрын
@@nakdickson what’s the exact meaning of word “POOR”???
@nakdickson
Ай бұрын
@@samdcosta1757 I think that's subjective. To me, a poor person is someone with financial struggle.
@Deji-p3m
2 ай бұрын
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elena Stein
@Martinez-c6k
2 ай бұрын
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
@NiaErnest
2 ай бұрын
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.@@Martinez-c6k
@Azizi-j9j
2 ай бұрын
I'm new at this, please how can I reach her?
@Basteinmariö
2 ай бұрын
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
@Deji-p3m
2 ай бұрын
she's mostly on Telegrams, using the user name
@modernminimalist1
3 ай бұрын
Great video. I'm a millionaire minimalist and gained my wealth by only focusing my money on my business, relationships, and saving and investing. I sold my 6,000 sq foot home and moved into a beautiful small apartment and bought only quality Eco friendly furniture & products. I do this with my wardrobe as well. I have saved so much money with this ethical lifestyle that I can afford to travel anytime I choose and focus on more meaningful experiences rather than material possessions.
@dsstudio76
2 ай бұрын
My dream life! Just decided recently changing into a minimalist lifestyle.
@milenaantoska233
2 ай бұрын
Thanks for sharing your inspirational story 🙌
@TheForge47
2 ай бұрын
Yes, okay, avoiding lifestyle inflation is one thing. But why do people always think it's worth paying so much more money for "experiences"? It's the same nonsense as materialistic consumption. Funnily enough, when enough time has passed, you can no longer remember everything exactly and your brain starts to "interpolate" experiences. Why do you think eyewitnesses are the weakest kind of evidence in court? 😂
@clint1285
2 ай бұрын
Good job.....big house =.big maintenance......big bills
@modernminimalist1
2 ай бұрын
@@clint1285 ugh, it was prison! I feel like I have so much freedom now. You don't need a lot to be happy. I can focus more on my family & friendships now. ✨
@AdityaKumar-rj2uf
3 ай бұрын
Well, you don't look poor. 😅
@jimlevenstein7227
2 ай бұрын
Shes a grifter
@thevibe7415
2 ай бұрын
😂😂😂
@ArchiBiH
2 ай бұрын
au contraire my dear 😂
@Two5Six-s4x
2 ай бұрын
Poor has levels
@amarimuiz
2 ай бұрын
Because she had to look poor to get where she is
@billx4266
3 ай бұрын
I have no problem at all looking poor, because i am poor
@abhinavmenon9140
2 ай бұрын
Poor is the state of mind. You are extremely richer when compared to the kings of the past.
@kerryfry1857
2 ай бұрын
@@abhinavmenon9140 did those kings need a food bank? Did those kings work 60 hours a week, then couldn't afford their bills? Are you on drugs?
@ArjitSharmae
2 ай бұрын
it's kinda crazy how nobody's talking about the forbidden ebook called Secret Pathway to Triumph
@abdullahkhalid9581
2 ай бұрын
Bots getting crazy, 623 bot Likes!
@Learned333
2 ай бұрын
It's kind of crazy how a "forbidden" book gets on Amazon, and has 0 reviews, and who's table of contents looks like a series of self improvement book titles regurgitated back to the 1960's.
@mohammedbablimohammadbabli
2 ай бұрын
I recommend everyone to find the forbidden book titled Secret Pathway to Triumph: It changed my life.
@HermanWillems
2 ай бұрын
But you still poor though. I only listen to people who actually became rich. But they mostly not open to tell so you need to get into the club. Join places where the silent rich are.
@Learned333
2 ай бұрын
It's on Amazon. Doesn't seem so "forbidden" to me. 🤣 The table of contents and first chapter seem like a regurgitation of all success platitudes since the 1960's.
@adityapatnaik7078
3 ай бұрын
if you look poor, people start looking down and misbehaving. Looking poor is a bad idea. Look balanced, nothing too gaudy ! But looking outright poor is not the best solution
@Catherine_2571
3 ай бұрын
It’s a great filter
@cwilliams7017
3 ай бұрын
Yeah, but look at her idea of looking poor.
@colonel_carlito
3 ай бұрын
she doesn’t mean unwashed hair and holes in your clothes but don’t stand out.
@mujtabamahmood0779
3 ай бұрын
@@colonel_carlitoyou got it
@zouzoudeparis1354
2 ай бұрын
Looking well put together is a good idea as well, in my country looking poor is not a good choice…
@business-advice-that-works
3 ай бұрын
My rule is I don’t touch money for 60 days when I decide I want to buy something nice (specifically if it’s not something I typically budget for), or when I get a large sum of money. By the end of those 60 days that feeling of excitement and wanting to be a little irresponsible wears off, and I end up never regretting whatever I still want to purchase.
@fadi77fadi77
3 ай бұрын
that's good in theory but sometimes that thing would just be too expensive or not available anymore if you wait too long, for example tickets for concerts or vacations.
@business-advice-that-works
3 ай бұрын
@@fadi77fadi77 That's a really good example. For something like that, I'd say it's best to save for it in advance.
@business-advice-that-works
3 ай бұрын
@KevinOLoughlin-ys5ef Yes! And you feel better about your decision too.
@gonnahavemesomefun
3 ай бұрын
This is crucial. In my two year journey of strict budgeting I have felt that draw of the need to buy. And you’re right, it can take a couple of months to shake the addiction to a product/widget.
@AlishaDixonTV
3 ай бұрын
I actually think this is brilliant! If it's not available, then it wasn't meant to be.
@cameronf3343
3 ай бұрын
The two most important things to do for self confidence and presentability are to not be materialistic and to be hygienic. Nothing else makes such a big dent as looking clean and knowing you’re financially secure.
@mohitodrink4919
2 ай бұрын
My happiness is Jesus Christ and my family; my wife, two lovely daughters. Not money.
@amigoshub6099
2 ай бұрын
We Indians were taught to be modest by our parents. It is backed by our philosophy to be modest, so many scripture prove that "Being modest is stress free, even if you have wealth". Leading simple life is stress free leads to more wealth... Good analysis backed by case studies..
@Gnomezonbacon
3 ай бұрын
Another big reason is it keeps other people from getting ideas about raising your costs. I rent my apartment. I'm very careful to not let my landlord find out if I went on a vacation or got a new job. Oh you have enough spare money to go on vacation? Here! Lemme raise your rent! You can afford it! Nice house! Nice car! I'm gonna bill you more because you look like you can take it! Vs oh that's an old falling apart bucket of bolts! I can't fleece this guy! Hey thanks for the discount!
@tenentenegrao
3 ай бұрын
Smart! it also applies to home-ownership when that contractor or repair person pulls up and assesses whether you're "one of them" or some rich person that can and should pay more.
@MohitAtray
3 ай бұрын
Change your landlord! Don't do business with such people.
@Boxofdonuts
3 ай бұрын
people that are rich don't get rolled over by landlords and car salesman.
@一本のうんち
3 ай бұрын
just tip your landlord ffs
@cameronf3343
3 ай бұрын
@@MohitAtrayyou don’t know how the landlording business works do you
@PorscheSpeedster-kz6nc
3 ай бұрын
Congratulations on 1 Million Subscribers. You worked hard and deserve it. Enjoy the KZitem benefits!!!
@RoubenDO3
3 ай бұрын
Who cares about what car your friend drives? It’s a joy of having a beautiful vehicle that you enjoy every time you get into it.
@Jezza_C_WT
3 ай бұрын
@@Travis12861 Tell that to the average petrol head haha
@RealAnthonyJones
3 ай бұрын
@@Travis12861you can have both.
@inspirice9844
3 ай бұрын
@@RealAnthonyJones Real talk
@geekinasuit8333
2 ай бұрын
There's an annual beer festival event each year in town. My drinking buddies always ask me if my wife will drive the delinquents home, they really enjoy the luxury ride, and it's become an annual tradition. We all have a blast about it, including my wife who happily volunteers, she thinks it's the funniest thing ever. Having a wealthy friend is just more fun to them. They will always buy me drinks, and I have a real hard time paying for a round, they will say "No need to pay for the round, we just want the ride home!!!". Be your old self as before, and most likely no one will care.
@CristanMeijer
2 ай бұрын
Is it a joy? I had colleagues who drove €100.000+ cars and after half a year the newness faded and they were already daydreaming about the next one. Are you really happier when sitting in traffic in a beautiful car vs a regular one? Is it worth foregoing the extra money in your portfolio and/or working less hours per week?
@LanaSummer
2 ай бұрын
Next time you upgrade your iphone, don't. Get Samsung. I always had samsung galaxies and I've been tricked into getting my first iphone and I can confirm, it's like galaxies from 6 years ago, but worse. Terrible phones!
@anuncolonizedmind6296
2 ай бұрын
A person is supposed to enjoy their life. Do what makes you happy (as long as you aren't harming), if you are buying things to "keep with the Jones' & no bc it's something you love. There is a deeper issue or trauma.. a need to be liked or accepted. I buy things that I love, but I don't depend on anything outside of me for joy. You have to think for yourself & live fir yourself. This is your life, Don't wasting your time trying to please or impress orher people. Just do you!
@beccarsgi4006
3 ай бұрын
Thank you for sharing this Nischa! I recently quit a high flying corporate job and I can also confirm that there’s nothing as fulfilling as having freedom, without anxiety on how I’m going to pay the bills
@professionalismwithpassion
3 ай бұрын
What's the plan now though? New job, full time travel, become an entrepreneur??
@nischa
3 ай бұрын
Love this for you!! Congrats
@LAH92
3 ай бұрын
This video is me!! I've gone from £1,100 a week construction job which I hated, despised and no matter how much I got paid, I was thinking of ways to not to go to work, drinking more than ever before. To a £620 a week job, that I enjoy, have more free time and I can spend more with my family AND work on my own business more to grow. I'm alot happier at £620 a week! At £1,100 a week I was waking up thinking... do I really need to go to work, thinking of ways not to go 😢 My outgoing a month are £1,000 (rounded up) I'm a tight pocket Yorkshireman who lives below his means never with my wage packet! To everyone who reads this, I wish you all the best on your journey 💙
@badkeiser
3 ай бұрын
With sone jobs drinking is part of the culture. It makes alcoholism easy to fall into. It is encouraging to hear of someone achieving financial happiness. I'm living a good life but struggling to stay happy atm.
@bdkamil95
3 ай бұрын
It’s not about the money. It’s about what you did
@badkeiser
3 ай бұрын
@bdkamil95 I think I've worn myself out trying to hustle to be rich at the wrong time. I can live the high life on freewheeling mode atm and I should focus on that until something comes along. I travel Asia and have for the last year. I want to do it permanently and I think I've been a trying to be too hasty with some things. Still though boundaries have been tested and I've made mistakes early without losing out too much. I'll be ready at the right time.
@LAH92
3 ай бұрын
@badkeiser I know what you mean, I've come from a military background (drinking culture) to construction where that is a drinking and a drug culture! Make a change whilst you can mate! I was working next to a cemetery, day in day out seeing people get buried and thought stuff that, I aint going in living this life. I could have stayed on a nice, lovely wage and not be happy. I chose the other, short term financial sacrifice for long term gain. Follow your heart mate
@LAH92
3 ай бұрын
@bdkamil95 it really is and where you want to be in life! 😎
@nadbed2550
3 ай бұрын
You can never remain successful if you don’t remain humble.
@carlosvillegas6113
2 ай бұрын
Humble is one thing, poor is different game.
@TheTrothKeeper
2 ай бұрын
Agreed. Stay Humble. Stay Stoic.
@chillout1109
2 ай бұрын
I have a different take on that topic. Only poor people should look poor for obvious reasons. But once your bank account is sorted, you can look whatever way you like. I've personally made it financially in life. Why should I continue looking as if I still haven't made it? I worked so hard so I could afford better things and live a happier life. Outward appearance makes me feel good even if no one sees me. I'm doing it for me.
@Wonwonssi
2 ай бұрын
Well, her advice is obviously targeted to the people who haven't made it financially yet spent too much for the sake of outside validation. Your take is not a different one. Your take is for a different topic.
@FOHguy
2 ай бұрын
So, just what is poor? Or, rich for that matter?
@sammyg805
Ай бұрын
Agreed!! You earned it enjoy it.. rich people might look simple but that shirt , simple trousers the watch, the car are anything but cheap.. poor people wear flash. Wealthy wear expensive stuff. You can look good for less and don’t have to come across as rich but certainly not poor
@jq2639
27 күн бұрын
Start saving a set percentage of your monthly income as early as possible. Strive for 10 to 15 percent. Use cash and when you run out, go home and eat at home. It’s healthier. Buy the home you need, not the one you think makes you look successful. Have only one credit card. A car is supposed to be reliable transportation not a status symbol. Good luck.
@thedappercook
3 ай бұрын
Very true. The wealthiest folk i know who have true wealth you wouldnt know. Theyre silent quiet winners, a beautiful way to be.
@Prodrive1
2 ай бұрын
That sums me up🎉
@0605H55597
3 ай бұрын
I made my 10-year-old daughter watch this. Shiny things, and showing off are prevalent, especially among desi families. Great message
@missmayflower
2 ай бұрын
What are desi families?
@dombivaliwest
2 ай бұрын
@@missmayflowerDesi is a slang for Indians in America
@0605H55597
2 ай бұрын
@@missmayflower “desi” refers to native to Pakistan, indian or Bangladesh. I made this comment in reference to Pakistani families.
@JackAndTheBeanstalkr
2 ай бұрын
as a show-off Italian I find this comment very racist, we Italians can wear gold chains and drive low-end BMWs paid for by our parents' money with the best of them.
@JustinFH
2 ай бұрын
@@JackAndTheBeanstalkr LOL
@airiello
2 ай бұрын
You don't look poor though?
@Spiriluli
2 ай бұрын
I don’t think she means literally poor but just ridding yourself of luxuries
@loganpadayachee6048
2 ай бұрын
Yeah hypocrite
@BikramajitSingh-w1w
2 ай бұрын
😂😂
@joemuzz5477
2 ай бұрын
This comment gets me 😂
@jurpik35
Ай бұрын
She only wears black shirts in her videos
@nickmulcahy9199
2 ай бұрын
The title is misleading -- this is the usual cookbook for living within one's means and being careful with money
@adityayadav6724
2 ай бұрын
8 Crores in a year by making blog.I make music,write songs and then sing and record, it takes enough time and hard work before uploading the song on youtube.Though I get millions of views but revenue I get is scant.May I change my production?😂 😂
@markritacco270
3 ай бұрын
I'm so poor I can't even pay attention.
@IVvOOvVI
2 ай бұрын
Pay attention to why some people are so poor. They can’t even eat food because they have none.
@marchickey4017
2 ай бұрын
Lol
@ypey1
2 ай бұрын
Nice😅
@Name-lt2tz
2 ай бұрын
if you have internet , you are not that poor :)
@IVvOOvVI
2 ай бұрын
@@Name-lt2tz that’s true I mean it depends on what your definition of poor is if poor means you don’t even have a car and you don’t even have an apartment and that would be considered extremely poor
@tonyp9313
3 ай бұрын
Work a job you like. Be very frugal, save money, be a minimalist basically. I still have a Iphone 7. I didn't upgrade my iphone to the newest one. All I did was replace the battery in it. That costs me like $100 after 5 years. I still have a CRT tv, then things like electronics that I buy I usually keep that for 10 + years for Longevity. I'm pretty much into video gaming. 1 thing I did that I did now was quit modern gaming. So that's saving me like $1000 or more per year now just for the fact I am not buying a PS5. That money that I am saving will go to TV Series on blu ray or blu ray movies.
@leeku7768
3 ай бұрын
Your best video yet! Took me years to understand this and I used to be bitter when my dad never drove a nice car or lived in our own house (always rented until he turned 60). Turns out that his net worth is sufficient to allow him + me to retire in comfort all because of this frugal mindset and only spending it on things like my education!
@HotGammiris
2 ай бұрын
"ලද දෙයින් සතුටු වන්න" - බුදුන් වහන්සේ
@Redbird4912
2 ай бұрын
Comparison is the thief of joy. "Happiness is the seed of unhappiness" (Buddhist quote). Happiness derived from anything external will and can only ever be temporary.
@mamzellilooo
3 ай бұрын
Great video. I was a process control engineer (just retired 2/21/24) I would always stress test my projects just to make sure it would work under all conditions. Also depending on the government. But I found away of earning more income despite my Retirement. $47k weekly returns has been life changing, after so much struggles.
@babytruca02
3 ай бұрын
wow this awesome 👏 I'm 37 and have been looking for ways to be successful, please how do I make such weekly??
@mamzellilooo
3 ай бұрын
@@babytruca02Maria Angelina Alexander I really appreciate her efforts and transparency.
@mamzellilooo
3 ай бұрын
I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.
@mamzellilooo
3 ай бұрын
My outlook on money changed when I realized someone making $200K can retire broke & someone making $80K can retire a millionaire. With the current market movement.
@marcosvg90
3 ай бұрын
I heard a CNBC news host spoke highly big about this name and her strategies, how she has been helpful to many people. Been trying to reach her since.
@Luvthemcrib
3 ай бұрын
I needed to hear this. I traded in a nice Chevy Silverado for a Honda Accord two years ago to save on gas, insurance and to lower my monthly payment. Now I’m caught up with my finances and I’ve been looking to buy a new truck that I don’t need. Definitely keeping my Honda for a while.
@maryginger4877
3 ай бұрын
Classic Cars give great pleasure and don't generally devalue.
@alpakka1920
3 ай бұрын
Honda Accord for the win!!
@trythis2821
3 ай бұрын
The key to what you said is that you don't need it. Ask yourself if you don't need it why bother. Try and get something that makes you happy and that you need more than the Chevy Silverado, example, keeps its resale value, low maintenance cost and cheap to run. The Honda Accord probably ticks most of these boxes as would a Toyota.
@maryginger4877
3 ай бұрын
@@trythis2821 Wanting something that means something, such as a classic car, is not only a financial investment, but good for the soul.
@easyas314
2 ай бұрын
Driving quality old cars is one of the keys to wealth.
@peterxyz3541
3 ай бұрын
I’m using an iPhone 8…in 2024. I WANT the latest but 8 does everything I need. I’m planning to upgrade soon; but, the point is I will upgrade when needed
@ayodiffee
25 күн бұрын
I like how this video goes straight to the point. No unnecessary intro
@jantube358
2 ай бұрын
Interesting video, but it seems outdated. The study about money and happiness is too old. You don't take into account that society and girls' standards have changed. Today girls want that six figures boyfriend. I got dumped for being a dusty broke boy although I have a regular income. I just can't afford a new car, bags, jewelry and vacations but other men can. So why be with me? Personality doesn't matter anymore. Many girls are even openly looking for a sugar daddy. Money has become the key to happiness because it's the key to a date or even relationship with a woman. Proof me wrong. By the way, try to find a girl that wants to date a guy with a cheap car like the ones at 5:33 . I've even seen girls having "I only date guys with German cars" in Tinder bios.
@MugabiJB
3 ай бұрын
I also got married thinking I will be happy but now am going through hell!!
@its9333
3 ай бұрын
Sorry to hear that, hopefully things start to look up soon
@fireat40
3 ай бұрын
Marriage is the biggest con a person can get into. It is an emotional decision which can destroy one's wealth in an instant
@rdoody2067
3 ай бұрын
Been there done that. Hopefully you will find happiness in your future.
@bobfeller604
3 ай бұрын
Sometimes it's better to rent than to buy.
@professionalismwithpassion
3 ай бұрын
What's going on why you're going through hell?
@mitchthornton1820
3 ай бұрын
Having F U money is key , it gives you options you don’t even realize exist , it allows you to turn down jobs that don’t meet your pay expectations and it gives you freedom and confidence in what you do moving forward …
@MrDonny27
3 ай бұрын
What f u money??
@Cucumberflavoredmustard
3 ай бұрын
@@MrDonny27 It is having so much financial independence, that you can say F U to everyone, and still have that money.
@ralegade7710
3 ай бұрын
You should be turning down jobs that don’t pay well regardless of your financial status. Unless you’re desperate for a job and will pick anything, you should always be strategic in managing your career.
@michaildzigajev6848
2 ай бұрын
I can 100% relate to this. Once you have built up your security and emergency funds, you can finally start thinking more rationally. I quit my job, went traveling, and found a better job that paid me 75% more just three months later. I was miserable in my old job, so the F U money gave me the freedom to take on more risk. Having a financial cushion to fall back on is essential.
@melchiel4413
3 ай бұрын
The Medici had the same policy. They stood out of the public eye and only came to the government when invited, thereby angering no one no matter how rich they got, in fact they became so rich that hiding their lives was no longer possible. They then became the greatest force in the Florentine republic and started the process that built the modern western world: the Renaissance.
@jordirolink8254
3 ай бұрын
Of course, they had some help from their hooded friend 😂 But yeah, I get what you're saying
@BC-yd6dl
3 ай бұрын
This sounds really interesting!
@melchiel4413
3 ай бұрын
@@jordirolink8254 Ezio Auditori da Firenze?
@manuelpalmeira7278
3 ай бұрын
Interesting. People who wish to make serious, long term money live a low profile.
@MsVorpalBlade
2 ай бұрын
No, the Black Plague started the process of The Renaissance
@user-nh4tm6hh4j
2 ай бұрын
I had a career as a painter. A commercial painter. As I became more successful I still wore painters pants and a polo. The same thing I expected my employees to wear. By the time I was sixty I decided I should go to a financial planner just to see if my money was put in the right places for retirement. So I make an appointment and go see the guy at lunch. I told him I wanted him to review my investments and see if things were allocated for retirement. He kind of smiled looking across his desk at the old guy dressed in paint clothes. He asked, so how much do you have. I said the total was around six million. He laughed and said, no really. I told him I was serious and laid out the statements from my bank and brokerage account. He looked up and said, I would have never guessed.
@niltomega2978
27 күн бұрын
I like owning a 10-15 year old convertable. They are so fun, and cheap and people think you are rich.
@sunset3052
16 сағат бұрын
😂😂😂
@RustyShackleford-od1nd
3 ай бұрын
Somehow I just don't get the vibe that Nischa runs around rockin Wal-Mart swag and using an iPhone5 to "look poor" 😄
@rohitgaming5949
3 ай бұрын
Thx for the info. It's very useful. Last time, I also came across Unimantic, and financially, it has been very helpful for me. So thank you again!
@nischa
3 ай бұрын
No idea what Unimantic is - have never recommended it
@axolotl508
3 ай бұрын
unfortunately, especially in some cultures, visible wealth is something that makes you more likable to other people. you get more opportunities in the work place, people tend to help you more. it's kind of a halo effect for wealth. having a pragmatic approach to luxury items to fit some places and having a strategy can be useful if you want to climb the career ladder or build your own business. it's calculating and cold not everyone is born in affluent circles.
@QoraxAudio
2 ай бұрын
Looking rich is just an invite to get robbed AFAIK.
@solidcatink
2 ай бұрын
Yes, in the culture where I am from you have to look rich or you get treated badly. Isn't it interesting how in other cultures this is not the case.
@solidcatink
2 ай бұрын
@@QoraxAudio In what country?
@QoraxAudio
2 ай бұрын
@@solidcatink Any country that has cities with a bad neighborhood you happen to stumble upon at some point.
@themurphyalex
2 ай бұрын
Looking poor is important for internal happiness. However definitely not for how you show up if you are an entrepreneur. 99.9% of prospects, businesses, investors will write you off and will pay zero attention to anything you have or have to say if you look poor when you show up. Appearance matters in business world and to people that do not yet know us personally, either we want admit, believe or accept it or not. It is simply a fact of life that is unlikely to change. Any other time, I totally agree that looking poor and living within and below our means is very important. This is the lesson I've come to learn the hard way as I transitioned from almost 2 decades of being an employee to becoming an entrepreneur that meets and interacts with hundred of strangers weekly.
@JimmyMFP
3 ай бұрын
Yes, the key is to not give in to lifestyle inflation. Keep living like you're on a reasonable income, and then the rest liberates you. Give in, and you'll be miserable.
@plxton
3 ай бұрын
I used to drive a Mercedes everyday and it was never about looking flashy (was a gift to myself and something I'd wanted for a while), but that's always how other people saw it. It cost me a fortune in maintenance (over £12k) despite being a good used example. I now drive a beat up Ford Focus. No one bats an eye at it and it's so much more enjoyable to drive, less worry, and most importantly costs me nothing to run. The £500 bill I had on it a few weeks ago was pricey but deferred maintenance from last year. Live cheap and take that money to something more worthwhile and most importantly memorable!
@janviyadav612
2 ай бұрын
Truee
@nikkijohnson5147
2 ай бұрын
I drive a beautiful shade of red 2018 Mazda 6 but a Mercedes has always been a dream car (that I’ll most likely never buy for the reasons you listed.)
@elainelindsey1306
2 ай бұрын
My husband has a mercedes and i have a hyundai but his favourite car is his Toyota Cressida that he brought from is uncle before he died. I asked him why he loves that car so much he told me because is reliable and easier to maintain. Simple things like the globe for hyundai costs10x and you more than Toyota and you can only get it from hyundai, so i was shocked that she compared hyundai with Toyota and honda. I personally prefer my Toyota camry that I had before, i regret getting a hyundai
@masonellery
3 ай бұрын
Trying to keep up with the latest and greatest will keep you stuck and poor, eliminate the need for the newest this and that, be happy with less and save the money instead, great video
@thetruth981
Ай бұрын
Yeah I'm sure this chick is with a poor dude.
@sunset3052
16 сағат бұрын
😂😂😂
@thomasmanning477
2 ай бұрын
I noticed the hedonic treadmill effect when i bought my last car.. I'd always wanted a 370z, finally got one, LOVED it for about 2 years.. then it just sat there getting moss on it, and i didnt care, "its just a car".. Now, I've sold the car, and cycle everywhere on my 2nd hand bike. My realisation was that Time = Money Money = More Things More Things = Time. Less Things = More Time Game changer for me.. I now work 3 or 4 days a week and just find happiness without having to buy stuff.
@RockLobster223
28 күн бұрын
Nice car though, they still look relevant and modern even thought the design is about 10 years old. Never be another petrol guzzling beast like that, for that sort of money.
@BC-yd6dl
3 ай бұрын
"Looking poor" is just another way to say frugal. I've found it's the only way for normal people to generate wealth. And the lack of it prevents most high income earners from becoming truly wealthy.
@Clint_the_Audio-Photo_Guy
3 ай бұрын
I wear flannel shirts and jeans with holes in them and missing buttons. My shoes get worn way beyond when normal people replace them, and I drive an Ex U-Haul pickup truck with light hail damage that I paid cash for. My only debt is my mortgage on my small house of 2.7%, which is about $650 a month. I could pay it off, but I don't because I make more in investments on that money. I have more than I could possibly use. Once I realized that nothing I buy makes me any happier, I started investing, ha! I'm most happy when I use what I already have, clean and organize, or go do something fun. The less I owe to society, the more freedom I have and the more I can give.
@Kelly_Explores
3 ай бұрын
Goals!
@michaelh181
3 ай бұрын
I wish I had this mental strength. I’m trying.
@abowling5759
2 ай бұрын
Brilliant!
@elainelindsey1306
2 ай бұрын
I don't really care much about dressing up myself jeans, t shirt/cotton shirt with sandals. I took a home loan and paid the last installment when I turned 37 years. I'm now saving money for retirement cos i know relying of government pension when I turn 60 isn't gonna be enough for electricity bill so I need to Save up now, the state of elderly in global north country's is depressing, I really don't want to end up homeless or on streets in old age. I also have a fixed saving account that are earning interest every month figured it might be better to save money that way instead of under a mattress😂
@Clint_the_Audio-Photo_Guy
2 ай бұрын
@@elainelindsey1306 Paid off at 37 is impressive. Congrats! You've got 50% more time than me. I'm 47. Retirement hits at 67 for me. Hopefully earlier, but we'll see how the market goes.
@klemziusklm7248
3 ай бұрын
The title of video is insulting to poor ppl. I am sure that was not the intention but still...
@FranJeanes
2 ай бұрын
My mantra on money is what I call the three Fs of finance - Fun money, Future money and FU money. Have money in those three buckets and it makes life a lot more enjoyable.
@ros8986
27 күн бұрын
"luxury" goods are marked up 1000% to 2000% over cost. You are not paying for quality, you are paying for billion dollar ad campaigns and very expensive boutique shops.
@2Hesiod
3 ай бұрын
Looking poor avoids envy.
@Tchp-ld1uz
3 ай бұрын
Not necessarily looking poor. Meaning you can have nice clothes but not flaunt the brand. You can find things that fit you well, be in great shape, etc. Even eating high quality food isn’t going to break your budget, so long as you aren’t too lazy to prepare things for yourself. For sure having priorities in order is the game changer. The person who has their mortgage paid off may still have an old iPhone 6 still LOL. But the house being paid in full is more important than keeping track of what iPhone model they have.
@halcyondays8945
3 ай бұрын
I say all the time that having debt isn’t sexy. The real flex is having a paid off house/car and the ability to retire.
@tobiasdoe2518
3 ай бұрын
Someone would never see how much money i have. Understatement. Doing good in silence. This is the way. What is more valuable than money are people you love and good experiences.
@paulbrown2422
3 ай бұрын
This is the way!
@Lolcoca
2 ай бұрын
Same ! Doing in silence !
@nikij.6058
22 күн бұрын
To answer the question on how much one saves, it’s about 20% between both my employer and employee contributions. I have an iPhone XR, always buy used reliable cars and keep them forever, do not have cable, do most work on my house myself, etc. etc. this has afforded me to have a nice home on five acres and a beach house. If I want something I go and buy it with cash. If I can’t buy with cash, I don’t buy it. I see people without the means buy new cars, and throw away items all of time and think they will never get out of their cycle of barely having enough money to get by. America pushes us into these spending habits, it’s everywhere and really had to escape. Sad really…
@CycleCruza
2 ай бұрын
If you lust for money you can never have enough.
@wyswygsommer2769
3 ай бұрын
The first reason would be to keep people away from trying to take advantages from you. If you are wealthy and/or even worse famous, the chances are people will come to you and asking for money. They could be friends, partners or family members. It is tiresome and you will make a lot of enemy. If you gave/borrowed them the money, they will distance themselves from you, because they dont want to be asked about the loan. Alternatively If you dont give them the money in the first place, they will dislike/hate you, because they see you as an unreliable friend. Either way you will lose friends and gain enemy, if you dont keep it quite. Hence keep it quite for yourself.
@odl21
3 ай бұрын
indeed
@scoutandscooter
3 ай бұрын
We're on the younger end of the Boomers - born 1960 and 1963. We've probably saved too much. Forty years ago I thought I needed a BMW and Porche. Never had either. Now I don't want either. Old truck and a little Honda work fine. Modest house, best location. Always buy in the best location, and if in an urban area, be near parks and water. Only buy quality. I think people will be stunned when they see our names on buildings at our Alma Maters. Didn't want that, but they insist.
@thevagabondonwheels4918
3 ай бұрын
You'll also live longer on average. Achieve enough financial security and then focus on lowering your anxiety and stress. You'll be happier and be around longer. However, it is one thing to not spend money on new cars and designer clothes, all the other common trappings of wealth appearance, but the harder nut to crack is *where* we live. Even living modestly can be a huge financial drain in an expensive city if your (quite reasonable) baseline is a clean and safe area of the city.
@MsVorpalBlade
2 ай бұрын
It's better to live in a "not safe" area of the city. It's policed better and thieves are less likely to target you ('don't sh/t where you eat')
@catherineochia9996
2 ай бұрын
I just had to watch this video, because I was intrigued by the title. Since last year, I've spent over £5,000, mainly on high quality handbags, shoes, and other frivolous material things. Unfortunately, I live in a poor area, and when I step out carrying one of my expensive handbags, I feel like I'm making an ostentatious display. The thing is I've worked exceptionally hard, running my business for 7 years, and felt it was time I treated myself. Some people love high quality things, but it doesn't mean that they are pretentious. I don't drink alcohol, overeat, smoke, or indulge in the usual vices, but my handbag collection gives me immense pleasure.
@MG-rw2sk
2 ай бұрын
Agreed. I truly don't get what's wrong with getting nice things for yourself if you enjoy them. I'm not talking about accumulating but quality objects that you are going to use regularly or some for special occasions. I love my job and besides mortgage I'm debt free, so why would I stop myself from driving a Mercedes if I love it? So you go and enjoy your handbag collection, there is absolutely nothing wrong with it.
@catherineochia9996
2 ай бұрын
@@MG-rw2sk Thanks so much for being understanding. Life is too short, and it's important to enjoy it.
@happyhamster2011
Ай бұрын
I agree, a lot of financial KZitem vids are like that. A lot of shallow assumptions are made of others. You do you, and if someone wants to judge you for it, then they are clueless, narrow minded, and I would dare say pretentious for assuming things about another person they do not know. Who cares? Just don't get robbed. lol.
@jannikheidemann3805
2 ай бұрын
Great, you figured out the futility of consumerism! That is a great start of a long journey to understanding how the world works.
@t0dd000
2 ай бұрын
Drive though any modest suburban neighborhood. There will be a sizable number of millionaires there. You just don't know it because they don't advertise their financial security except with their more relaxed disposition. Millionaires are everywhere.
@kinethecoach
3 ай бұрын
Great video. However.. I agree with other comments saying that the concept "looking poor" is ignorant of the reality of actual poverty. This trend, is more a case of rich people using terms they don't know in a careless way. Not looking "flashy" might be a better way of phrasing this.
@mamagirl11
2 ай бұрын
Exactly! It’s like rich folks saying that living a minimalist lifestyle is a great way to build wealth… as if people who are poor actually have a choice. The advice sounds good, but it’s actually ignorant of many people’s lived realities
@zest6932
3 ай бұрын
I chose to get off this treadmill eighteen years ago and my personal experience over the years has been simply awesome..while people around me are extremely successful and have the extraordinary pressure to showoff i havent had any such pressure and i simply used that to my advantage..i dont own a house,i use public transport,i dont have this constant nagging from peers and family and frankly it has helped my mental as well as physical health..but i can understand that its not everyones cup of tea.
@surplusprofits3770
2 ай бұрын
This Was Total Click Bait! I'm Calling Out The "Looking Poor" In The Title! This Video Was Chock Full Of Great Ideas! Let's Be Clear Though "Looking Poor" & "Keeping A Low Profile" Are Two Different Things. Lol! 😂😂😂
@sammyg805
Ай бұрын
It’s all a matter of style & taste.. Iv seen Billionaires and millionaires driving Bugatti and other expensive cars, coming out of expensive per night hotels on most expensive watches and even though they look simple with shirt and shorts , they didn’t buy it from primark .. they might look simple now but very expensive. That’s men , now look at thier wives or wealthy women, there’s nothing like looking poor. They didn’t earn all that money to just invest and it stays in banks , they use it , enjoy it…. I think the message is, don’t go out your way impress others with expensive items when you don’t have the finance to back it up. You are on minimum wage driving latest Range Rover and wearing designer to look rich.. whilst flat sharing and or staying with mates or family
@KeeptheChange41
3 ай бұрын
Spend less than you make and invest the difference, period. This is how average people can become wealthy. You will always be able to outspend what you earn, be a mindful spender.
@bryanotieno7106
2 ай бұрын
Spend 10-20% and the rest invest in ETFs and Mutual funds
@bryanotieno7106
2 ай бұрын
Spend 10-20% invest the rest in ETFs and Mutual funds
@GRWelsh7
3 ай бұрын
I don't want to look *poor* but I'm content to look middle class. I drive a Honda Accord, but it's a very nice Honda Accord! I want to achieve financial freedom more than I want the high end BMW.
@bball3048mmfr
2 ай бұрын
Hondas are among the best even for multimillionaires. John Cena talked about how much he loved his Honda Civic Type R (goes to 140 MPH and stays sturdy) and it's so much better than a Lamborghini (which kept breaking down and had to take back to get it fixed).
@mustafamar1437
3 ай бұрын
Wisdom is universal and needs to be repeated regularly for us to remember. Well done 👏
@bitcoinbeast
Ай бұрын
I agree with a lot of this but disagree about the friends car scenario. My friend has a nice fast Nissan GTR, but I still prefer my van, as I can put all my toys in it and go camping with my family. I do alright, but have never felt the need to keep up with mates who may be doing 'better'.
@robinbroadwater2147
2 ай бұрын
Interesting that you should make this video. I was telling someone, recently, that I have met more millionaires in ripped up jeans and well-worn t-shirts, than any sort of designer clothes. And, the majority of people, who I have met, who seem to be slaves to fashion, putting their labels or logos, ostentatiously on display, they've usually been living beyond their means. Some people have different hierarchies of what they value, and, even those who have similar, or, the same, have different reasons. Thanks for what you do.
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