I am 26 year old and we paid off our house in two years. We saved up 45k in two years while living with my in laws. We found a fixer up home that we fixed up(which it was live able). It was a owner to owner sale. We gave 28k down and and the rest in payment since it was a big down our payments were 600$ every month.(with the rest of the of the 45k we fixed it up) Since my husband had a good job we would give 600-1k a month and we ended up paying before the five years! Now we just pay bills. A lot of my friends get 185k house just to post on social media and show it off. Honestly this is the best thing we have ever done. We could live here forever I love my home! Slowly turning into a minimalist! I been doing this for 2 months and I just love how much money we are saving and just feeling happy!!! Much love from Texas!!!❤️

Dear Minimalists, This is not my first comment, but I would like to thank you from the bottom of my heart for your podcast. I'm listening to the very first episodes and going up. And I'm getting real value from how you think and how you clearly and elegantly explain things. I'm happy to have come across your documentary Less is Now a few years ago. You have helped me change the way I see life. Your ideas totally resonate with me. I've also listened to some of your guests, which I would like to warmly thank as well for their insights and the quality of their input. Cheers from Morocco 😊

We all need money, money to buy food, housing and all the necessities. Some people like money a little too much and work harder and long hours, burning out and missing lifes enjoyments, family and friends because of it. Those people tend to get grumpy and bitter. Some are just workaholics and like working alot. Maybe they like their work and like spending all their time there. By all means. I like the simple living, taking long walks outdoors, preferably in the woods where I can smell the clean air and listen to birds chirping. I also like money just as much as the next person but I try not to get obsessed with it. When I find money on the ground I pick it up. I try not to waste money, although I do like to treat myself to sweets. But using money on things I don't need I have mostly been able to avoid. I have even been able to get money back from stuff I didn't need and sometimes I've made more money from selling the items. I'm not talking about big money here, just the small amounts that would make me satisfied. Just enough for a new vacuum cleaner or to pay half of my veterinarian bills. And I'm happy with that. I'm happy for everything I can make from what I sell so it can cover something else important. I'm never gonna be rich and I'm just trying to be content and relaxed and look for what is really important in life. I think, when it comes to money it's easy to loose oneself to the idea of having more more more. It's like hoarding. One can't have too much of money some would say.. Well, one can have to much. Too much money means you'd have to have more security, you have more to loose and paranoia can set in. Many people who has won the lottery can state to this and most of them are not able to hold on to the money that long since they don't know what to do with it so they waste it. Sadly many of these lottery winners also say this was the worst thing that ever happened to them and they ended up worse for it. But for sure, we need money, just not heaps of it. I find my inspiration in the way Buddhists live. They find peace and meaning in life. Being close to nature, being kind to animals and people alike. Being kind to nature and mother earth. Respecting all life. Living with few possessions and being humble. Staying true to oneself and not losing who you are. 💚🌱🌸🌿

Minimalism and dave ramseys plan goes hand in hand

You guys are honestly great. I love that you started your journey years ago, and that you started sharing it. After watching more financial videos and getting more into minimalism, I've decided to start saving for retirement when I turn 25 in June. You mentioned something about saving 23 dollars each week. That seems very do-able.

College is so expensive though, even with a full time job I was not able to pay all the tuition and fees and was not eligible for grants. I was killing myself and decided to take out some student loans so that I would be able to study more and get everything possible out of my education and I am a lot happier now. I do what I can to minimize them, but sometimes people are happier with student loans and let's be real most people have them when they graduate. but you guys are certainly right that you should make very smart choices as far as loans and debt go. thanks for all the good advice!

I am my mid 20's and I am so lucky I came across your channel and I am so enlightened and motivated to change my way of living. Thank you so much.

Holy cow just heard my voice on what I was sure was the worst voicemail ever. Thanks so much for the advice and response!!

I absolutely love listening to this podcast! It is my favorite thing to make me feel like I'm changing my life for the better and your wisdom is helping me through this journey, which I am otherwise doing fairly alone. So thank you! Also, as a side note, I was listening to smooth jazz underneath this podcast and the song September by Mark Guiliana Jazz Quartet just so happened to fit really nicely under your theme song! Keep doing what you're doing!

Being a Financial Advisor, I of course don't agree with everything...but overall this is great. People are in sore need of financial guidance, and your efforts are extremely appreciated! Lot's of practical, logical advice on common financial questions.

I opened an investment fund today for my son's education:) thanks for helping me evaluate my values

Fantastic podcast. Thanks for sharing.

Thank you ❤️❤️❤️

I absolutely love these guys!

Feeling like I am on the right track! Thanks for the insights :)

I watched your movie while decluttering my apartment, so inspiring!! I am working now on being more thoughtful about how I spend my $. I want to be focused on using cash for more vacations and creative endeavours.

I really needed this, thank you guys ❤️

I think this was one of my favorite podcasts that you've done.. and I pretty much love all of them! 🌾☀👍

Love the long episode!!

Great podcast guys. I love listening to all of them. Question! When you mentioned that you are now debt free, does does that include having no mortgage or rent to pay?

I just heard your comments to the guy from Denmark on owning property. As the prices on houses are at the moment relative to the average income, an average house cost about 3-6 times the annual gross salery, and likely double if you count after tax income. Practically, this means that people, at best, can often only afford a home, that fill their needs on a 30 year morgage. If they are not filthy rich that is. :) I, personally, have chosen a 30 year morgage, as this was a cheaper solution, compared to renting something that could offer me the same. The reason being, that this allows me to persue my dreams better then a rented place ever could Also, I really admire your work and I am really inspired by your podcasts and Joshuas essays. Minimalism has always been natural to me although I never thought of it as minimalism. finding your channel, has inspired me to evolve and make some changes to my perspective on life and the way I spend my time. thank you for sharing your thoughts with is all :)

Love your podcasts

Awesome!

A Super Podcast for meaning and 'added value!' for life '...detachment is freedom from attachment to worldly things and has nothing to do with being rich or poor.' - ‘Abdu’l-Bahá, Baha'i Quotes

Betterment is the best!

I love you guys even more now! Debt stinks!

There is good debt. It is we use in business and buying property. It will bring positive cash flow if we have the knowledge how to use good debt. Its for investment.

Brilliant. Wish to see your film. Any plans to show it in Central California?

This episode speaks to me on so many levels. I like to think of myself as being good with money. I support a family of 4 on working 30 hours a week, manage all the budgets, and generally all the expenses for the household. However, I'd become blasé about my student loan and mortgage. I didn't even know the outstanding balance of my student loan and after 7 years, didn't even know how to check it. Turns out I had about £750 left on the balance and decided to pay it off, dipping a little into some long term savings to make the final payment. Feels great to have kicked it. Now that extra money can go towards paying off my mortgage. Thanks guys for your knowledge and insightful podcast. Oh and FYI...Ryan's voice is very sexy!

When i'm hearing this podcast, and after watching some videos of the financial diet, i really wonder: is it so common to have a bunch of credit cards and many of them in debt in the us? or maybe is it common here (germany) too and i just didn't notice it yet? I think it's the first comment i make on one of your videos so I wanted to say thanks for your podcast, the documentary, your other videos, i really enjoyed all of it! i like to read some of your books in the future too, but i haven't yet.

You have some good points about investing, but even a very long term holding period does not guarantee that you make money in stocks. There are lots of countries where the stock market is lower today than 30 years ago, and who can say it wont happen in the US.

@tinak.p.258

8 жыл бұрын

Absolutely, and even if you are trying to invest wisely, to see long term trends coming, to not fall for bubbles it again means that you'd need a big proportion of your time thinking about money. How is that any better than consumerism especially since often stocks with biggest returns on investment are based on products that destroy the planet or other humans' livelyhoods? Why would it even be an aim to retire as a millionaire, when our lifestyles have become so frugal as minimalists.

@expatriatechronicles6915

8 жыл бұрын

Exactly! It would be better just to find something you love doing and make some money on, then cut your expenses to a minimum and save a bit for a rainy day, e.g. in dollars or gold.

The major does correlate with income. I studied accounting and finance, a degree that can be used to extract a large salary, especially after one becomes chartered. My friends who completed their master's in music, cant say the same.

wow pretty deep.

ever wonderd why credit Card is so popular in the us,i alwys had cash in my pocket and they often looked a bit confused if i paid stuff over 50 Dollars in cash.just use cash, easier to buy stuff from Money u really have

@ZenDragoonYT

3 жыл бұрын

Cash terrifies me. If its stolen. Its just. Gone. I prefer a debit card

So my name is Christina! I am a RN and have worked day shift and been fine with hospital life since 2019...... Then, in feb 2021 I switched floors and now on night shift. When do we decide to power through vs when do we decide it's time for a change! I get anxious knowing I'm even on night shift and I haven't been truly adjusting as well as I would like. I love my mental health and don't want ANYTHING getting in the way. I'm 24 years old single and just need to care for myself- so I feel fortunate with that. But I also love life and feel I deserve to not suffer with a crappy sleeping schedule. Any advice?! I talked to my manager too and she said I can't move to days until maybe early fall.... I just don't know if it's appropriate to sit it out or find something else.

Iceland is nowhere near Antarctica weather-wise. Average temps in the winter are around freezing or just below. Say 30°F. I reckon that's probably warmer than Missoula.

Come to the UK!! Writing from my asmr account

bet he is real happy now with his tesla stocks :D

does anyone know about a equivalent to betterment but for someone living in europe (saving euros?) thanks!

@theminimalistninja

8 жыл бұрын

Real Curiosity thank you for sharing! I'll totally check that out! it's a shame, betterment seems to be awesome, I just won't be in the U.S. long enough to make proper use of it. thanks again! :)

@theminimalistninja

8 жыл бұрын

Real Curiosity thank you!! I am turning 25 this week and find it difficult to set up a retirement plan with earning euros for a couple years, then pounds, then U.S. dollars, then another foreign currency. I just need to get the hang of it all and need to find something that works for my lifestyle. I'll read into it all and I am sure I'll learn a thing or two on how to set it all up. thanks again!! :)

Please! A screening in Germany Munich would be so great! How can I see the film if it is not played in my city? Can you buy or screen it somewhere? Thank you very much for your input!

@emyline5443

8 жыл бұрын

Oh yes same, would be really happy if we can see it in Munich or other city in Germany

Equivalent of Betterment for Canada?

Josh, Yes you may have been able to teach with no degree but you are also a white male. From a women of color- I would have never been able to get the job I have without my degree. SN: I was paid to go to college. 😋💡I moved from NJ to FL at 16 to become a resident and get a scholarship that paid 100% for the first two years at community college and 75% at a university. Plus I received grants.

what's the name of that song?

What song was that in the beginning? How can i get it?

my boyfriend is recommending I consolidate my 3 maxed credit cards and maybe student loans. i I don't know anything about it and it makes me nervous. does anyone have comments (recommendations, warnings, etc.) about consolidating?

So glad you talked about investments.... If anyone is interested in investing my favourite youtuber is Sugar Mamma tv... she has a tonne of info.

@circejanuary

8 жыл бұрын

Her channel is brilliant my finances improved so much since I discovered her channel, got rid of my smallish debt and started saving little by little

Tesla is up now, investing in 5-10 solid stocks is NOTHING like buying a lotto ticket. and you have a much better chance of crushing the s&p.

Hi do you guys ever come to UK?! 😉

I'm not sure why they are so against mortgages (no matter how long they are). I'll take paying a mortgage over rent any day. Why? You are building equity - unlike rent - where that money is simply GONE. I believe that as long as you can get at least your original investment back when you sell - that will ALWAYS be better than paying rent. Real estate is one of the few things that rarely depreciates after buying it - and in most cases, appreciates in value. Besides, if you want to have freedom, or travel or have flexibility you can always put your property up for rent itself. I agree, you may have to sacrifice for a year or two to build up that down payment by living with multiple roommates, parents, etc. But a 50% down payment is virtually unheard of on a average salary.

buy assets that give you monthly income that you control

Sadly, local banks or credit unions just sell your loan to a bigger bank. It happened to me and they don’t tell you. Your statement just comes one day with a bank name you weren’t expecting. 😭 Real estate is a racket anyway. I will never buy a house again and I waited until mid life and I can afford it!

Australian equivalent of Betterment?

🖐🙃

The houses in Australia are over priced. Its way more expensive. :(

So for poor people your saying invest in index funds?

Josh: if u have less than 30 years that's great! Me: 13 and already have a retirement

Rent is a lost money.

@kentvandervelden

8 жыл бұрын

+Reinis Miks Depends on priorities. Short term renting allows more flexibility to change location and removes the maintenance duties of ownership. Try selling property in a down market or poor location and renting will look pretty good.

@Rainaman-

8 жыл бұрын

Kent A. Vander Velden I totally agree - but I come from a more conservative EU country, where people, when buying the house, choose to live there until their last days.

@leikegielen3090

8 жыл бұрын

+Reinis Miks Not really true, buying at the wrong time can make you lose a lot more money. And if you add up maintenance costs, property tax, transaction fees, mortgage rent, the risk of divorce, losing a job, insurance, losing equity vs gaining equity etc etc and take that into account. The cost of renting does not differ that much from buying with a long term mortgage.

@Rainaman-

8 жыл бұрын

Leike Gielen Yeah but there is something gratifying when owning a property. But you make some very good points - divorce is the wild card that could screw thing up badly property wise.

@thehealthjunkie8996

7 жыл бұрын

I live in London and can never afford a place here so it's better for me to rent. Also I'm not tied down to a mortgage...can leave whenever I want. Plan to do that soon. Don't need to be in this craziness of consumable life!

BAD ADVICE ON THE GOLD AND SILVER !!!!! Its safer than paper money !!!! LOL !!!! I will invest in $hit on a stick if its at a low point and I can sell it for more at a later date !!!!! LOL !!!!!!

@ZenDragoonYT

3 жыл бұрын

So many exclamation points.

@dropoutandretireearly1781

3 жыл бұрын

@@ZenDragoonYT LOL !!!!! LOL !!!!!!

@ZenDragoonYT

3 жыл бұрын

@@dropoutandretireearly1781 (:

If I put my money into investment funds I also fuel the companies that destroy the planet. Does minimalism care about the environment ?

Wrong : you need a teaching degree to set foot in a school. people wont send their kids to you without some kind of credential....

@Thalestin

8 жыл бұрын

+Jaclyn true, if you want to teach in a traditional school setting. You can teach people in many different ways. Dave Ramsey teaches people on a radio show and with events and makes millions. The minimalists are giving you a podcast today and your are learning and being taught about minimalism. Teaching does not = classroom. What they are saying, is that you need to expand your horizon a little, a point I think you missed :D

@jaclyn3052

8 жыл бұрын

But if you want to teach children, like I do, you need proper training.... I know what they are saying but in my direct avenue, a degree and training is required.

@catch22punk

7 жыл бұрын

That's true. It also applies to someone who wants to be a medical doctor, lawyer, or engineer. It depends on what someone wants to do with their life. I've heard this a lot lately that "university is a waste of money." In some cases yes, but not in others like the examples listed above - you can't simply decide to be a lawyer and not go to law school.

I enjoy the podcasts but can do without the essay readings.

@ZenDragoonYT

3 жыл бұрын

I love the essays. Its extra information and perspectives

You only lose money when you sell 🙂 TSLA to the moon 🚀🚀🚀

WTF? Precious metals are an excellent hedge against inflation. They are *REAL* money, have been for thousands of years, unlike the digital bits you 'own' on a computer server somewhere. Horrible advice!

Too bad so much of the podcast is just reading existing essays. There's little value in reading and it's not the purpose of a podcast. Make the podcasts shorter , just don't read...

@ZenDragoonYT

3 жыл бұрын

False. Many people wouldnt be exposed to the essays otherwise.