What's one habit that helps you save money?

@shawnjohnson2833

2 жыл бұрын

Calculating how many work hours it will take to pay for something. Perspective.

@mrs.bdaycare5530

2 жыл бұрын

Knowing I want to retire in my 50’s and not have to work but work because I want to. And do things I love

@horaciot8277

2 жыл бұрын

I started making a budget and tracking every expense. It makes a huge difference!

@luciagonzalez4899

2 жыл бұрын

I added an extra savings account and save $25.00 a week in it, never miss it and it has grown so much with so little effort! That $25 would have been mindlessly spent otherwise.

@lbc1232

2 жыл бұрын

Stay away from convenient online shopping

Since watching your videos I have freed up about $1400 a month. 1) Sold my truck back to the dealership and saved $838 a month in a payment. 2) Lowered my insurance by $75 a month. 3) Purchased with cash a 2006 Scion XA that gets 35 to 40 miles per gallon. Saving about $400 a month in gas. 4) Quit all apps. No Amazon Music, no Paramount Plus or Peacock. Freed up about $25 a month. Have free Hulu. 5) Lowered the mbps on my internet like your video talked about and saved $40 per month and the internet speed and service is honestly the same it's been with the bigger plan. 6) Started switching over my cell service from T Mobile to Mint and will save another $55 per month. Thanks again. Trust what you are saying to us we are listening. I am now proof of that.

@mamasheepdog9442

2 жыл бұрын

That’s awesome 👏

@cynthia6771

2 жыл бұрын

Great job! Way to commit 😊

@miguelcasillas357

2 жыл бұрын

Wow! That’s amazing! Congrats!👏🏼

@ElAgustin

2 жыл бұрын

Wow!!! Thanks for taking the time to write this. On my end, I am just making videos so I am glad the videos are impactful! Congratulations! That's a pretty big deal!

@rachael943

2 жыл бұрын

This is amazing! Excellent job!

Stop smoking, stop drinking, stop taking girls out. Go jogging, eat healthy, wake up early and work peacefully. I was in a limbo going nowhere but after I did that my life took off after just a few years of it. I am well off nowadays, have a nice family and we all travel a lot together having great fun.

My parents both worked minimum wage Jobs, while raising three children. Managed to pay off two properties. My mother always says the easiest way to stay broke is to finance a vehicle every couple years.

@donaldlyons17

2 жыл бұрын

Not sure what your mom was thinking. The easiest way I know to stay broke is to not have any income at all!!!!!!!!!!!!!!!!!!!!!!!

@XCVi_MAC

2 жыл бұрын

@@donaldlyons17 that’s common sense, don’t you think?

@donaldlyons17

2 жыл бұрын

@@XCVi_MAC I don’t think so and this is the reason why. I have known two people who had incomes issues. Neither was employees but both wanted to buy stuff or get access to stuff that normally requires cash!!!! So if it is common sense why did they not have jobs to fund their purchases?

@XCVi_MAC

2 жыл бұрын

@@donaldlyons17 it’s common sense for you and I. Others aren’t educated with moneys.

@davidguarin358

2 жыл бұрын

Your mom Is right

In 1998, I inherited one million dollars. Twenty years later, I was penniless, and today I live on a very modest social security income. While I had many enriching experiences during those 20 years (my weakness is travel), I also was very careless and wasteful. I wish I'd had your videos as a guide back then to help me find a balance.

@donaldlyons17

2 жыл бұрын

If you like to travel how do you think you will end up with money if you had his videos? Even the money I have now I won't have forever and I have to be gainfully and consistently employed to be able to afford to do just about everything!!!!

@sangroncito7551

2 жыл бұрын

@@donaldlyons17 By learning to live more frugally, and by thinking more about the future. For example, in hindsight I should have spent less on immediate gratifications and more on buying a home and property that I could enjoy now that I'm older.

@donaldlyons17

2 жыл бұрын

@@sangroncito7551 If you did not know or think about it in the past why think that now? It might have turned out very similar even trying to be more frugal!!!

@ThePurpleSnork

5 ай бұрын

I realize this comment is old, but I’m a financial planner and sometimes find myself in front of people who are spending their inheritance foolishly. What do you think someone could have said to you in 1998 that could have prevented this?

@adamloveshondas3122

5 ай бұрын

Wow must be nice 🤦🏼 goes to show that it’s best to go from broke to rich one dollar at a time than getting the silver spoon gave to you it creates ignorance having money is a mindset first hands down 💯

ignore the celebrities selling products and stay out of shopping malls

@jmc8076

Жыл бұрын

You don’t have to go to malls to be bombarded by highly effective aspirational marketing. They hire experts incl psychologists for marketing and now AI algos. Infomercials now in most videos to get around YT premium users. Frustrating.

That means you'll have $400,000 in just 10 years... wow 🤩

This is how I budget my income as 25yo 50% Need / 20% Invest / 20% lifestyle and 10% Give If I don’t use all my 50% for need I will add the left over to Invest Remember we trade TIME for everything in life even money so use your time wisely Good luck y’all

My only savings goal at this point in my life is to retire. Suzi Orr said, "If you take care of your money, your money will take care of you." I think this is basically what you are saying too. So far, it has proven to be true.

I have to say this... your channel is the best I've found in many years of youtube Greetings from Portugal.

@ElAgustin

Жыл бұрын

Thanks!!!!

You’ve got a subscriber! Even though I know these things I like to hear you and it motivates me to work harder on saving money. Great video, thanks

Good point about respecting $100 first 💜

Thanks so much for this Austin. Thought provoking and inspirational x

@ElAgustin

2 жыл бұрын

Thanks!!

The video is wonderful you caught my attention and that's hard! I really hope you have a book out there.

I love listening to your vids..you are absolutely amazing..your advice is well worth doing..

Before buying anything I always estimate how much I am willing to pay for it, if it is more than I have thought I simply don't buy it, no regrets. I want to tell you that the quality of the content of your videos is top notch and I am so grateful!!!

I really enjoyed this video. I’m doing a lot of the things you say to the best I can I have a teenage son so I can’t budget as well as I would like to but I try anyway you’ve just gained a new subscriber

Thank you for this great video and for talking about this topic.

Please keep doing what you're doing and making these videos, they're fantastic and have literally changed my life.

@ElAgustin

Жыл бұрын

Right on! I'm happy!

I just found your channel recently and I have to say, you have taught me so much already! I love how relatable you are, love your way of explaining your points and I have already saved 3x as much since watching you! The single best thing you have taught me is "1000 1dollar decisons, not 1 1000 dollar decision." And also thank you for the idea of "want and need"- simplifies purchases so much!

@ElAgustin

2 жыл бұрын

Right on!!!!! I'm glad my videos are providing value to your life!!

Another great video!! Thank you!!!

Thanks for the videoss really enjoy them

This is a fantastic video, very simple but effective.

I always learn something from your videos about saving. Respect 🙏🏾

@ElAgustin

2 жыл бұрын

Thanks!

Thanks for the advice, it's a great help for me.

This is really informative, must have watched it a few times already. I'm in the UK but very much enjoy your videos as they apply to everyone no matter were they live. Well done, thankyou 😃.

@ElAgustin

2 жыл бұрын

Thanks! Money is used pretty much everywhere in this world!! haha

i like your tips, they are practical. thanks

good on you man, i really like your videos, keep the good work :)

Demasiado bueno tu programs!! Gracias hermano!!

Great video as always. So articulate about everything.

@ElAgustin

2 жыл бұрын

I appreciate it!

Where I live we have share sheds and they are located where the dump sites and recycling are. Well I save money by picking up free stuff that I can use at the share shed. I also return items I no longer need. It’s also fun. I get to talk with other like minded people.

Well said, “money only matters when you don’t have it”

Awesome advice as always… ❤

Always a great and informative video coming from you! You are so wise beyond your years must have had a fantastic foundation growing up.

Thank you for this I live in Colorado too

Excellent advice.

Thank you 😊 good advice .bless u and family 👪 ❤ with joy 😊 peace and happiness always 🙏 ❤ 💛 💖 😊

Great video Austin

i love your videos austin........pls keep it coming

@ElAgustin

2 жыл бұрын

I will, don't you worry!

You definitely have the best minimalist, money save videos, and I have seen a LOT 😅

@ElAgustin

2 жыл бұрын

Thanks!!!

@az-qf9ht

2 жыл бұрын

Yup this guy is the real deal!

I discover you just a month ago and you have mind blowing videos for living frugally and better investing. Thank you for existing!

@ElAgustin

2 жыл бұрын

Thanks for watching, Vola!

@jurgenschemelzer8369

2 жыл бұрын

Amazing mentality! It’s great to have in savings what other people have in debt

@donaldlyons17

2 жыл бұрын

@@jurgenschemelzer8369 Debt is not the issue but income might be.

@jurgenschemelzer8369

2 жыл бұрын

@@donaldlyons17 Debt is the biggest issue in America!

I'm addicted to saving money...and I love it!!!

Have watched this video some 7 times. Very good way to put it!!

@ElAgustin

Жыл бұрын

I'm glad you enjoyed it!! Thanks!

Such practical, noteworthy advice. Strong work, Austin!!

Oh my gosh this makes so much sense !!!

I was paying only $900 for rent, but my place was sold and now I'm paying $1400 a month. I looked for a better deal but couldn't find one. Hopefully one day, if I keep thinking positively, I will.

Very informative and helpful thanks for sharing bro

@ElAgustin

2 жыл бұрын

Thanks for watching!

Great video thanks

Thanks for sharing

One of the best videos I've watched on finances

@ElAgustin

2 жыл бұрын

I appreciate it!

Keep them coming Austin!!! Thanks so much for your videos. They help put many things into perspective for me.

@ElAgustin

2 жыл бұрын

I will! Thanks for watching!

Love this Channel

You think a lot like my dad did. That's how he taught me. You are right.

The answer is to have a high income.

This advice is very useful especially in todays broken economy. Rent is crazy

Quit my job recently. Needed a few display adaptors for my mac and was recommended a setup by a colleague. Corporate me would just buy now. Freelance me dug a little deeper and found I could get the same stupid adaptors (variations) at more than 60% less. Time poor corporate life: $268.00 + $9 delivery, getting fat in the office. Working for myself: $72.90 pickup and a walk in the sun to the shops. Coffee on the way home.

You are my best financial advisor! Thank you 😊

@ElAgustin

Жыл бұрын

haha, not a financial advisor. Just a guy on the internet!!

@FrugalGardenerOntario

Жыл бұрын

@@ElAgustin well I trust you, you have nothing to gain by sharing your experiences, and I appreciate that 🙏

Thanks for another great content Austin 😊! I'm on my own journey to financial independence and its about doing the hard stuff now to live a good life later.

@ElAgustin

2 жыл бұрын

Best of luck on your journey!

Excellent video. I watch your videos every morning with my cup of coffee. I think in this way but my husband doesn’t. 😐

Great video, I like the way you break it down so the average person with minimal education can understand and benefit.

@ElAgustin

2 жыл бұрын

I try to not confuse myself when I'm making them, haha!

I love your channel and your message. You manage to keep finding new ways to help those of us who want to live on their own terms ( I already do…and watch content like this to keep it that way!).

@ElAgustin

2 жыл бұрын

Thank you so much!

You ain’t lyin’! 🧡 🐪

Many of us need to have "Focus and disciplin" to save money in this world of "Buy now and pay later" I should have known much earlier....

Brilliant very applicable for all ages thank you very much for sharing this information and reviewing it once again and reminding us. David chicago

@ElAgustin

2 жыл бұрын

Thanks!

Great video

This is the breath of fresh air! So many "finance gurus" want you to waste all your hours on deadend side hustles, make risky crypto investments or resort to extreme penny pinching a la the "FIRE" movement. I agree it can be so much more simple than that especially if you can be strategic about your living expenses and big purchases. And finding those rare deals is sooo valuable too! I experienced this many times furniture shopping or apartment hunting. So many people will see two or three items, properties or vacation packages or whatever and then throw their hands up and say "I guess this is what it costs!" I will watch the market like a hawk for 3-6 months and its amazing the deals I have found in my life!

thank you so much

Hi Austin, thanks for good content. Can you elaborate a bit how much you have saved and how much gains you have gotten from investments. What types of investments you have. I have some funds, stocks and crowdlending investments. Greetings from Northern Europe.

Could you please mention how much where you making per hour in order to accomplish that goal ? This is very fascinating and I’m speechless

With the money you saved and put in the bank, how much taxes you have to pay each year? Is it worth it putting in the bank? Great video. Thanks for sharing

i really like this topic

Thanks for the enlightenment, Austin. You have a really nice channel! I love you content: it's concise, relatable, and fun! Keep doing more of these, please. I am in a financial mess right now & would want to start rebuilding my wealth now! #FinancialMinimalistStarter Btw, I'm a new subscriber from the Philippines :)

@ElAgustin

Жыл бұрын

Thanks! Many more ideas to come! No shortage here!!

Great video! Thanks for sharing. My problem is I don’t know how to invest money. I invested stocks and mutual fund but the most time I lost the money.

@katherineskwarczynski6002

2 жыл бұрын

I would love to see how to get to money compounding. At that point every frugal video ends. Austin, please show us how to actually do it. Younger generation maybe knows how, but older crowd needs more than just saying “get mutual funds”.

@jsangel567

Жыл бұрын

Long term investment, gotta leave your investment through the ups and downs.

I come from a very frugal family that has a lot of money. The one problem I have with this is when you start cutting your basic needs and then other parts of your life suffer to the point that you go to the other extreme. The best advice I got from a financial planner is being balanced. The more extreme you get your more then likely will go to the other extreme.

Touch, no touch ✅ Genial, como siempre!

A habit that saves me money is to do my own baking. A homemade loaf of bread is a beautiful thing and so much cheaper! Loved this video!❤️❤️❤️

It’s slow, it’s boring but it works...love this x

@ElAgustin

2 жыл бұрын

It's true!

I utterly agree, especially speaking of freedom, I discovered that I am not compelled to keep a job that makes me sick, if I've have saved enough money to quit while looking for a better job 🙂🙃

@ElAgustin

2 жыл бұрын

Yes! It's not about never working, but just not being forced to do work you don't enjoy.

This video rings very true to me. I've gone from having basically $0 saved to having about $50k saved up in 3 years. I've finally splurged and spent some money the last couple of months, but I am slowing down and getting back into the frugal life again.

@ElAgustin

2 жыл бұрын

Nice!

Great tips 😊 I just need to use them now

@ElAgustin

2 жыл бұрын

Good luck!

I really like your perspective of having a balance in your approach to living intentionally. I believe that this type of mindset is sustainable in the long term, as opposed to having an extremist one. Also, I found fascinating the idea of being easier to save $1 than to make $1 , and having more control over your expenses. This goes against the lessons that I was taught growing up about always trying to make more money. Finally, respecting $100 first , and starting off small in order to be able to then respect $100,000 really landed for me. Thanks again! You are really making an impact and shaking up , “conventional wisdom “🤗

@ElAgustin

2 жыл бұрын

Thanks for watching, Miguel!

@donaldlyons17

2 жыл бұрын

No you have an income that produced at least half of the 100K. Saving does not nor never will create new money it can only slow to loss of money over time!!!!

Good simple common sense advice. I'm already doing most of these things. I found the incredible deal for lost cost rent in a high rent area also for just $900 a month and it's actually a nice place! My employer sets my pay based on what my average rent is expected to be in a high rent area. They also factor in having and maintaining a car which costs a lot of money in a large city like the one where I live. If I had a typical place and a car where I live I would be living paycheck to paycheck (be broke). The key to creating savings is to live below your means then retain more money than you spend. It's just common sense. I slashed my rent obligation then ditched the car. The location where I live has excellent public transportation. Instead of having a car I go everywhere I need to for $90 a month. That means my rent (including utilities) and transportation total (barley) under $1000 per month. My employer also provides meals when I work there, further cutting my food expenses (by about a third). I also buy store brands whenever possible so I can still have what I want instead of doing without it. They're usually just as good (just don't shop hungry or you'll still buy more stuff than what you really need). With a set up like this it's easy to make a saving plan. It practically happens by itself. After you pay your bills you end up with funds left over each month. The key is to stay on budget is to set a goal. I set aside $1000 a month (The do not touch money). Then built an emergency fund so I never need to touch the "do not touch" money. My fund should already carry me for an entire year. I set up a 401K through my employer. That's low risk free extra money added to my own money for retirement only (after 59 1/2). If your employer contributes to one you should consider contributing to one (unless you want to work until you die). The remainder should just be invested into some solid companies everyone knows will still be here years down the road that will always be in demand. Coca Cola, Home Depot, stuff like that. Then just set it and forget it. Stocks like those will go up and down over the years, but over all they go up. If your patient then wait it out you will end up with a lot more money later. They key to being motivated to continue saving is to have clear goals and a target date for achieving them. If your trying to impress other people in the present you will always keep buying more stuff (I used to do this) then I never saved anything. Keep it simple. My goals are to own my own home and retire. I realized two things. One day I will be too old to work. If I own where I live I'll never be out on the street. Then I should have enough money day to day to live a simple comfortable life. That's it! Simple. Also if I ever lose my job then need to take a lower paying one for any period of time I can still maintain my current lifestyle without stress. It's only my savings which are temporarily effected, not my ability to live day to day or pay my rent.

@richardackley1823

9 ай бұрын

Index funds are less risky. S&P500 let’s you buy one fund and it includes 500 of the biggest stocks in the US. Buy it and forget it.

@erich6096

9 ай бұрын

@@richardackley1823 Thank you for the suggestion. I think I will try that next.

Austin you are God! This video is spot on about savings. Your savings instruction, goals, money protection is very clear. If you can’t manage $100 then $5000 will completely overwhelm you and you’ll need to SPEND it asap to get back into your comfort zone. Brilliant. This was very true when I was trading stocks. Losing or Gaining when I was risking $10K didn’t stress me out as it moved up and down. But risking $100K, or $500K changed my management style and stress level tremendously until I got used to the larger numbers of profit or loss. You have to mentally grow to manage these larger sums of money. That’s why Lottery winners frequently go bankrupt cause they aren’t equipped to deal with large sums of money and need to spend spend spend. I love your methodology, your google sheet, etc. We have to use your examples to learn to save and manage money! Thank you.

Where do you invest? I need advice.

Im in love with what he says

Thank you so much for your video’s! :)

@cheryllcavada1872

2 жыл бұрын

.

I need advice on how to save on homeowners insurance. It is my biggest expense. I live where hurricanes occur. (About 10 miles from the beach) I paid my mortgage off before I retired. Lived in my home 30 years. Sometimes I wonder if I should just not have insurance any more.

thx for giving me hope !

Totally agree Ausin!!!😀❤

I really like you you teaching me like lessons

@ElAgustin

2 жыл бұрын

Right on! Thanks!

That's impressive

Money isn't real.... George...it doesn't matter... My favorite quote 😄 thanks for another great video

The only thing I really like spending on is traveling 🥰 Other than that I love saving and my husband and I have zero debt

@ElAgustin

2 жыл бұрын

Same!

@marcoprolo2299

2 жыл бұрын

Same

@jmc8076

Жыл бұрын

Travelling while still healthy builds memories you’ll never regret. More valuable when much older then things.

I’m saving and investing around 70 percent of my income in the financial market(high yield etfs, stocks etc) pretty much how I made my first million although with an FA. I have a high paying engineering job, and I live upstate NYC. my expenses are low. I have zero debt, low rent and car truck paid off. So i can just save. feel lucky at this point I'm actually grateful for my advisor handling my portfolio.

@robertthurmond8161

8 ай бұрын

Truly Stocks, ETFs and Mutual funds are the best investment decision you can make both short term and long term for steady money flow. Kudos

@tonimhamilton2072

8 ай бұрын

recently started in stocks and I don't mind investing a substantial sum, i'd like to know your advisor ?

@meredithelbert6608

8 ай бұрын

certainly, she goes by Emily Lois Parker…she's quite known, search her up for her info

@Lorre386

8 ай бұрын

I was able to find her webpage and leave a mail after going through her credentials, i'm willing to make consultations to improve my portfolio

@ericwilde4583

8 ай бұрын

She really seems to know her stuff. I also found her online page and read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

Muchas gracias, que tengas un buen dia. Yo soy Austin. Nos vemos 😂 so cute

Ola from Toronto🎉

so around 3333 usd/month. was that from your salary alone or a spouse as well?

did you have a goal of $80k when you started to save or it just accumulated?

I've look for way to invest my money I saved up the only thing I end up with been scamme and banks don't give much interest rate