19 Financial Minimalist Habits That Made Me Wealthy

Here are 19 habits that have made me wealthy at age 28.
Financial Minimalism is "making intentional decisions with your money that align with your values and minimizing your financial clutter." When you pursue financial minimalism you are seeking to make intentional decisions with your money on things that bring value to your life. Naturally, when you become more intentional about your spending, you spend less money.
The main word with financial minimalism is "intention" and being intentional with your spending. In this video I talk about "19 Financial Minimalist Habits that Made Me Wealthy."
1. Practicing contentment with material possessions
The ultimate goal of minimalism is "contentment," which is being satisfied with present conditions. Be happy with what you have, instead of always wanting more.
2. Simplifying bills
Being a minimalist, I want to simplify as much as possible with my finances. I automate my bills so that I do not have to spend time paying them and I do not miss a payment.
3. Simplifying investments
Just like my bills, I like to be simple with my investments. I follow the "buy and hold long term" strategy with investing by buying index funds and not worrying about the market.
4. Remaining calm
An important habit to become wealthy is remaining calm in down trends of the market and not panic sell. People lose the most amount of money when they panic.
5. Planning for the future
No matter how good your life is, times will eventually get bad, so you have to prepare for the future by creating an emergency fund.
6. Delayed gratification
Delayed gratification is "the ability to wait to get what you want." The best things in life come to those who wait, so instead of seeking instant gratification, seek delayed gratification.
7. Defining money's purpose in your life
What is money's purpose in your life? The answer to that question is very important to becoming wealthy. For me, money means peace of mind.
8. Being self sufficient
Knowing how to do things like change your oil, fix things, and cooking can save you a lot of money. It also gives you a wealth of information on how to live.
9. Having a balance
Minimalism is about having a balance. No matter what you choose to do in life, you have to have a balance and not deprive yourself of things.
10. Take care of your stuff
Expensive things generally last longer because you take better care of them. It doesn't matter how cheap or expensive something is, you should take good care of it because it will last longer.
11. Define enough
How much money is enough to do what you want? It is important to define enough in your life because you will never have enough until you define enough.
12. Don't screw your future self over
This is a basic principle of money: "When you are saving, you are giving to your future self. When you are taking on debt, you are stealing from your future self."
13. Not embracing comfort
Comfort is expensive, but is also costly to your development as a human. You grow the most when you are uncomfortable, so don't always be seeking comfort in your life.
14. Not embracing convenience
Convenience is expensive, but when you are always doing convenient things you miss out on community. This is costly both financially and mentally.
15. Getting the most out of things
Minimalism is about intention, so be intentional about your purchase and get the most out of your things. You will naturally spend less.
16. Embracing patience
You don't become wealthy overnight, it is a process that happens overtime. If you are patient, you will eventually become wealthy.
17. Living below your means
You don't become wealthy by owning nice cars and a big house. You become wealthy by living below your means and saving money.
18. Take care of your health
Your body should be your biggest investment. Without it, you will be unable to do other things. Take better care of your body just as much as your money.
19. Embracing the journey
Financial minimalism is a journey that never ends. Don't live thinking that "one day" things will get better. Enjoy the moment and every part of the journey.
*None of this is meant to be construed as financial advice, it's for entertainment purposes only. Past performance is not indicative of future results. Austin Williams does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned may not be suitable for you.*

[@ElAgustin]

What's one habit that helps you grow your wealth?

[@holdencawffle626]

VTSAX. all the way.

[@karlabritfeld7104]

Living below my means and investing the savings in mutual funds. Also, no mortgage and zero debt.

[@pawlieblog7967]

Saving, no matter what. Find ways to save. Invest your savings.

[@outsidethebox2037]

Austin..... here's a little advice for you ...at 28, sit your ass down and write a book....you have old wisdom on young shoulders. In today's era of 'financial inequality' ....a book about frugality/financial minimalism...would make you a world famous author, the younger generation needs such a book. 😉

[@patfar392]

Saving

[@brandifree5010]

“I make myself rich by making my wants few.” ~ Henry David Thoreau

[@isabelbecerra898]

it's so freeing when you want less

[@kristijankuzman9532]

A person is rich if save money not if spend money!

[@jonredd650]

The less you own it's easier to maintain and take care of what you have! Win win

[@jonredd650]

I like my own comment

[@TheBobster1969]

Health is wealth

[@vinaygohil3793]

Brilliant. How the heck did this young man pick up such wisdom & sageful advice in such a short time on this planet ?!!

[@uranne]

Nobody teaches contentment anymore. Thank you for this content.

[@allenbrown9052]

I’ve always wanted a tiny home. Loving with less makes me so happy.

[@PankajPoddar]

I just started watching this young guy. What I like about him is "his honesty". I think many KZbinrs these days are not honest in what they do and what they say. Somehow, my experiences say that Alex has clarity and honesty. I made several financial mistakes (I will be 49 years old next month). I wish someone would have woken me up back then. I used to overspend like anything since my early days when I started earning money. My earnings remained high mostly due to my qualification, but I lacked the wisdom to spend, and I had zero wisdom in investing it and growing it properly. By the amount of money I made, I would have been financially independent 10 years earlier had I learnt how to invest properly and how not to waste in useless stuff which I rarely used.

[@michellecastaneda4104]

One thing I do to save money is, don't go into the stores unless you have to. Don't walk all over the stores if you don't need something and if you find something you think, I most have this, take a picture of it with your phone but don't buy it. Then for a week look at that picture everyday, asking yourself, do I really want to blow this money on this item. Normally after a week of looking at the item and talking to myself about the money, I almost never go back to buy the real item. I find just staying out of the store helps a lot as well. This as saved me lots of money.

[@Jack_huntakilla]

Frugal Gang 🙌🏼

[@katieboulton6568]

my friends call me cheap, but I'm frugal, I've never had debt, worked 2 jobs to get my house in a cheaper area, get cashback, savings, discounts etc where I can, I dont replace anything unless it cant be fixed, I know work part time & I rent out my spare room on a Airbnb, I've got savings, bonds, shares and investments aswell as small streams of income. most of my friends are working 40 hours a week and up to their eyes in debt. the only debt I have is my house which I try to pay a little extra off each month. I'm happier now then I've ever been.

[@lifeyang2]

The best time to plant a tree was 20 years ago. The second best time is now.

[@site_is_down]

I agree! We can no longer go back to the past nor regret we have not done anything during that time, but we can always start now and do things right.

[@tshandy1]

I don’t know what you do for a living, but I hope it is working with young people (high school aged). What you are preaching is desperately needed in that age group.

[@wvjon75]

Most definitely but I believe its left left out by design. Society needs people who are wage slaves to serve everyone else.

[@Freeyourself206]

He does this for a living

[@michellecastaneda4104]

I also save lots of money by using Walmart shopping online, then you just pick it up yourself. I never have to walk into the store and I never buy something that is not on my shopping list this way.

[@Oberon44]

Yeah I agree that his missing some important aspects of why people use shopping app, even the delivery ones. I definitely save money this way. But that’s my only disagreement. He’s a smart guy.

[@a.phillips6892]

They charge $6.99 here unless you spend over $35, which I rarely do.

[@annacats5240]

Currently reading this while sunbathing in Spain with subtitles on. Very informative.

[@ashleycora138]

Years ago I was buying cheap Forever 21 sunglasses that I kept losing and breaking. I decided to get a good pair of $130 ray bans & I’ve now had them over a decade. It’s the only pair I’ve had since as well.

[@RK-yx9xi]

Delayed Gratification - So True....

[@markamark123]

My $20 Mr Coffee maker went out after 7 years. I almost bought another one at the store. Instead, I called their corporate office, explained the issue, gave them my receipt and filled out their form. The person said they would send me an upgraded Mr Coffee maker mailed for free. I saved $20.

[@Anne-ly1fv]

Wow that's awesome 😊

[@deerhaven3350]

You are wise beyond your years. I am a retired 67-year-old and the best thing I ever did was to invest in a managed S&P 500 account way back in the early 1990's. Yes, at times it's been a roller-coaster ride over the ensuing years, but over the long haul it's proven to rebound after every financial downturn. I also agree with and abide by your financially minimalist outlook. Bravo!

[@loida6837]

The power of minimalist habits

[@A.Masculine.Reminder]

Your wisdom and constant of this video is KZbin gold.

[@ElAgustin]

Thanks!

[@flaminames9540]

You can’t wealth with bad health. I like that! So true 🎉

[@leichtliving8740]

Money is labour...where you put your labour is freedom. We are not consumers, the only purchases we make are investments for our future. We... as near 40 yr olds both sold our houses for a simpler life. We glamour camped on a beautiful North Queensland Austraian river front property for 5 yrs, very minimal rent. Saved and worked 8mths a year until we bought a bus that we could live off grid in. Now we have lived on properties for years... rent and utility free. We are growing all our veg again not only for us but many. Something I learnt very early was "Every time you part with money evaluate how much time did you work for that item???" If you want a particular product ....is it worth 15mins or up to 1 week for a new flatscreen TV of work..????and do you really need it????" Another great tip is "Every dollar that you don't spend is another dollar you don't need to earn!!" The world will definitely be better off without people consuming unnecessary amounts of garbage they don't need and getting into debt because of it!!!

[@ElAgustin]

Well said!

[@normanschranz4599]

Your words of wisdom at your age is phenomenal! Knowing what enough is and knowing that your body is the greatest investment. You’re gonna go far in life. Keep up the amazing work and channel

[@ElAgustin]

I appreciate that!

[@biancahayes5860]

I started a new journey in my life and one of the main points I'm focusing on is my financial journey. It's has been a struggle to figure out what works for me and what doesn't. You're videos has definitely made me think hard about what my goals are and how to pursue them. Thank you so much, I love your videos.

[@ElAgustin]

Thanks, Blanca! Best of luck on your journey!

[@christinefrier7888]

Menu planning is huge for me. It's too easy to get take out or drive thru. And you are right about paying the farmer or the doctor. Love that!

[@tonylander3512]

As Warren buffet says if you haven't sold any shares you haven't lost anything, now is the time to buy investments while the the cost is low....Warren's advice works for me, DONT SELL WHEN THE MARKET IS DOWN....ITS TIME TO BUY

[@Britch42]

Hey bro I've just discovered your channel, and absolutely love it! Thanks for making amazing videos

[@TransSistersTV]

Contentment is my word for 2023 🙏🏽❤️

[@elmonte-xt2wd]

I AM glad that I have landed on this channel.I am going to watch all the clips you posted before and i will not dare miss out on what you post next

[@frusciantesplectrum7980]

You’re either frugal or you’re not…. I’ve given up trying to explain to people how to make the most of their finance.

[@ms.awesome9566]

Austin, this is the BEST money self help video EVER!!!!!! Much LOVE, Anna PS I willl tell many folks about your video!!!

[@gennadyrosin1177]

you made a lot of great points, i really enjoyed this video

[@elisabetemachado613]

I just love the way you communicate. So different and unique and groundbreaking. Congratulations!

[@freddiecruz2670]

Well said. Thanks for this great vid!!! God bless!

[@jacc88888]

Favourite KZbin channel at the moment. So much wisdom here. Thank you

[@aspinaki]

you are an absolute wonderful guy. you just fired up me to see the world in a completely different eye. thank you brother.

[@dianec690]

I’m binge watching your videos ! So so good !

[@monishthomasp]

You’re an inspiration. Subscribed right away… ❤️💕

[@mariefranceartdesign]

So glad to have come across your channel. I was reluctant to watch this because I know I have some bad financial habits. But having my head in the sand is not serving me. Your advice is definitely something to think about. Thank you. I look forward to watching more of your videos.

[@fionaverma]

I’d agree with you with takeout food delivery but not grocery delivery. I think the big thing minimalism shows is that what is worth something to one person is not worth it to another. For example I hate food shopping, I have no problem buying chocolate but somehow just can’t get myself to the shops but buying takeout food is expensive. The few $ trade off of delivery saves me because I’m less likely to get takeaway food. Also I’ve shopped in the store and half the time I find I impulse buy whereas shopping online groceries I can’t sort by the cheapest price etc. what effective for some isn’t for others

[@christinefrier7888]

Austin, this video is one of the best I've seen or minimalism! Excellent job!

[@ElAgustin]

I appreciate it, Christine!

[@michellemaria2780]

You are my favorite KZbinr ❤ greetings from Germany. I am also improving my English skills through watching your videos. Every time I walk my dog I listen to your wisdom and believe me - I walk my dog very often 😂😊

[@leonash6307]

I wish I had been found your channel. I really like the info you giving. Thank you

[@nelidasilva7388]

Beautiful! thank you

[@robertrhode6104]

Well said young man. It’s time for me to get back to living.

[@suracharawirojratana8723]

You are a GREAT asset to all of us with your wisdom! Thank you 🙏

[@macaronblanc9522]

you are a great guy! happy to have found your channel😍

[@RomanShtefura]

Very good points! Thank you!

[@coettahannah3403]

Great and sensible tips!

[@fashionistaincorsica3050]

Amazing and inspiring advice Austin! Thank you!

[@szvqorwnpstahskypfwmp9821]

Great video!! I just subscribed to your channel and hope to see many more of your videos!! Good luck!!

[@lindabonomi7274]

LOVE your channel

[@noorhafizahmohamadhalim5288]

We are on the same age but your mind thinking is another level 🥲 Thank you for the tips . Not too late to start . Huhuhuhu

[@zoltanrethati7736]

Wonderful. Clear, well-structured messages with a talent for speech. I have shared some of your videos with my teenage kids to educate them a bit. Then you know what? I ended up watching them :-). Thanks for sharing the wisdom.

[@constancekang9914]

insanely good content you deserve more subscribers

[@kaninma7237]

Another good video. Thanks! I still have a major issue, though, with investing to try to get money for doing no work, especially when others, exploited workers, are harmed by the situation. Oh, I love your plant nurturing story. One year of care, which you got to enjoy in the moment, paid off in a very satisfying way. That is cool.

[@themultilingualfamilyhub]

Austin, I just wanted to say a big THANK YOU for all the amazing content you put out there. There are many YT channels on minimalism, but your communication style and personality really resonate with me. Great stuff, super inspirational!!

[@ElAgustin]

I appreciate it!

[@joniajohn4716]

Useful, thanks

[@luingalls]

I agree with you about delivery apps - money totally wasted. Also everything else you said, spot on. Thank you!

[@stewartdaggett-yz9jt]

I've learned more from listening to this fantastic video, than from a lifetime of reading get rich quick books...I've subscribed and am a forever fan x

[@lishu9362]

It makes sense thank you

[@ShareefusMaximus]

So good I'm going to watch it again.

[@mykleine]

Just found your channel! I rallye like it! Structured, and as a non native speaker, your english is to me easy to understand. And the written things make it easy to follow! Thanks for speaking in a clear voice!

[@ElAgustin]

I try my best to speak in a clear voice. I know what it feels like!

[@helanieverster8155]

Great video, so many helpful tips and advice!🤩

[@zhanel2069]

Thank you for great content!

[@rijoyramos4085]

I would NOT automate bills that can vary month to month, such as electrical, gas, and water. I have heard of people getting charged thousands because of meter errors, or they had a variable rate and were not aware. During the Texas snow storm some people got screwed when they were charged crazy electrical rates.

[@wonderony]

Very true things that you've said, very mature

[@charlenecausey105]

Thank you for some true wisdom. I wish I had understood this 40 years ago!! Contentment is a vital key!

[@ElAgustin]

Thank you for watching, Charlene!!

[@aidavasquez1402]

One of the best videos on financial tips out there! Just subscribed!

[@ElAgustin]

Thank you Aida!!

[@Ponzuu28]

I absolutely love your content! Wishing I knew what you know when I was your age! You will go far my friend! Please keep up the awesome work!

[@ElAgustin]

I appreciate it, Maryann!

[@purpledream1045]

Very educational video!

[@mzlyzs9863]

Great practical advice❤ I agree with everything here accept health should be 1st

[@abdulsatthar3548]

Great Tips bro.. ❤️🙏

[@sophiamartinez3862]

OMG #13, 14, 15, 16 YOU ARE SOOOO RIGHT! Thank you for this video.

[@ElAgustin]

Thanks Sophia!

[@NoemiSoria]

Loove!! Muchas Gracias!

[@ElAgustin]

a ti!

[@flori2611]

Amazing tips!!

[@MultiScotty24]

Great video. Thanks

[@safoan4651]

I just find this video and i think the content is beneficial for every one, i need to subscribe

[@DonnieChoi]

Remaining calm is EVERYTHING in life.

[@angelagreen6955]

Thank you Very good video

[@carmenalabat8425]

New subscriber here… very much enjoy your content and passion as you explain your ideas that bring value. Will continue to watch😊

[@ElAgustin]

Thanks for watching, Carmen!

[@marciagregory7883]

Great video. I’m nearing retirement and really looking forward to a simpler life.

[@jasonmcbride1703]

Great stuff

[@CrimminsECFCU15]

Great tips thankyou

[@beuller7]

Just found your channel. I’m very impressed - stellar content presented in a concise, effective way.

[@tondamccarthy6537]

Thank you I appreciate your videos

[@ElAgustin]

Glad you like them!

[@MFox-tu2co]

Awesome video 😀

[@chabridgettumusiime8994]

At 20 years you have very Good Parents ! Long live ! Am 48 years old and I did many of the things you have advised us ! Now I need very good quality dental care ! Am teaching myself to be content where I am so I can enjoy my journey going forward ! You are a good frugal! Your home looks good n organized. I want to sell stuff I do not use anymore so I see what to do

[@GEAUXFRUGAL]

My Bills are automatic for the most part but some cost more to auto than go pay in person. My utilities are paid by credit card because I get cash back. As long as they don't charge extra for it I'll keep it up.

[@raquelkutsch5600]

Very cool!

[@chabridgettumusiime8994]

Thanks 👍💕💕💕! What I have heard from your good video , Contentment , good health, buying Quality and taking Very good care of our stuff so it lasts longer, buying stuff that adds Value to our lives, delayed Gratification , delaying gratification, money 💰 , writing down what we spend ...growing a plant and taking care of a plant like you did takes Patience ( am doing that ) need dental care ASAP !

[@TransSistersTV]

Thank you!

[@skiddymark]

glad i found this channel, man

[@ElAgustin]

I'm glad you found it too!

[@Partysize2]

Austin, thanks. Planning for emergency expenses is OK, but planning your life and setting goals is even more important. Sincere long term goals , can give you reason to limit and control your behavior. Set more advanced goals every few years. Whether you like it or not, you are in a race to build enough wealth to retire at a reasonable age. If you fail, the final years of your life will be your worst years.

[@1Sunrose]

I just subscribed based on this video. You got me with "don't panic".

[@ElAgustin]

Welcome!!

[@marias8007]

your body is an investment - great tip!

[@user-wd7wc7kr9n]

Great sense of humour too. I laughed out loud when he mentioned his height and his doctor told him he’d stop growing but if you hit the subscribe button, he WILL GROW his channel 😅

[@thebeardedrooster2871]

Great video.. I've grown more frugal as I've got older. I've saved money, time, and not controlled by my possessions. I am debt free aside from my home. When I do spend money, I spend money on experiences rather than things. Frugal, but still living.. 🤘

[@Snappypantsdance]

Love watching you, appreciate your thoughts, perspectives, and sparkly personality. You seem just a bit mischievous(in a good way) and it works well for you:).

[@ElAgustin]

Thanks!