Debt: The Silent Thief of Your Freedom

[@danicegewiss862]

Our vacations are staycations despite being debt free. We visit local attractions which puts more money back into the community. I love your channel. You are a smart young man.

[@dougronald561]

Student loans did that to me. I falsely believed law school would propel me forward. It just tied me down more.

[@DavidDavisDH]

I have $0 debt, paid it off 2 years ago. I hope to never go back to that. I'm a minimalist so it's way easier to save more money. I love having so much extra money now.

[@greenkitty82]

This is what I'm aiming for too. I pay off my balance each month but am getting to the point where I really just want to live simply and be freerer knowing I'm just paying as I go without owing anybody anything.

[@belenc.2924]

Chico, I totally agree with you. I have two payments left on my mortgage and I’ll be FREE!!

[@dannypakaz]

how much will your taxes, insurance and other costs be per month?

[@nolongeranurse3369]

Congrats..I paid my last payment in July..can now live comfortably on less than $1,200 a month all inclusive

[@one100billNEOONE]

@@dannypakaz Way less than having the mortgage payment on top. You seem SALTY!!!

[@dannypakaz]

@@one100billNEOONE wtf. I was just curious. Relax

[@one100billNEOONE]

@@dannypakaz I am actually. Quite in peace as a matter of fact!! $0 (ZERO) DEBT to include paid off home. And yes, I also have to pay home insurance, property taxes AND HOA dues. Still, way way lower than renting or paying a mortgage. God bless!!

[@SelfStudyAtHome]

Everyone is drowning in debt, because we view debt as the ticket to a good life. And we forget that borrower is always a slave to the lender.

[@SelfStudyAtHome]

@williamsaustin329 Are you a slave to consumerism? You should throw away your credit card as the KZbinr mentioned.

[@flonotflow]

I wish guidance counselors would stop pushing college as the only way to succeed. It's an antiquated idea that has left many struggling to deal with massive debt, as well as harming skilled labor fields by creating massive worker shortages. Makes me wonder if some of them get kick backs from schools? Not everyone is college material, not everyone wants to go on to a career that requires a college degree. We really need to change this thinking. I know so many people in the 20-30 age range that are up to their eyeballs in debt and don't see how they are ever going to get ahead because the jobs available to them, despite having a college degree, don't pay all that much better.

[@AdrienneFreeney-vh8jn]

Debt robs you of your freedom! Your future security is reduced! So simple yet so profound.

[@MNSkolGirl]

I had massive credit card debt, got rid of it, and now I'm racking it up again. I'm clearly not a credit card person so I shredded them up and once they're paid off, I'm DONE with credit cards. When people say they feel like slaves when in debt, it's so true. Videos like yours help so much!

[@KittyKat-vb1nd]

Credit cards are the problem. People lack of control is

[@DB-bw5fz]

⁠@@KittyKat-vb1ndThat’s exactly it. I once heard that credit cards should be viewed as a replacement for your cash, not a replacement for borrowing.

[@monishthomasp]

Probably the best thing you’ve done in life.. 😊❤ I did the same for most of mine. I do keep 3 - one for daily use which I pay off in full every month and use the points to buy free groceries. The others for using airport lounges…❤

[@jiffypop247]

I agree, credit card use has a funny way of being out of sight, out of mind. It's bizarre how I spend more while using my credit card instead of my debit card.

[@leeallsopp5152]

Been there! And ive done exactly as your planning to do... hack away at it and you'll feel so good having that weight lifted :)

[@TheStrategos392]

You are doing God’s work man. Watching your videos has helped shift my mindset.

[@teresaanderson1313]

Totally agree with you 💯 Austin messages encourage Stewardship as God's word does...Freedom Indeed!

[@bernitup6492]

Being debt free, you are also less likely to feel tied down at work and be exploited. There has been instances where I have been put in a tight spot by managers and I simply tell them to give me my papers to walk and then their whole tune changes cause they know they have no control over you.

[@BrianK-zz4fk]

i think you meant less likely 😬. They absolutely hate if you are debt free and will be first to go but if you look poor they will think you need the job making it less likely to get fired😂.

[@bernitup6492]

@BrianK-zz4fk thanks for catching that. So far I have been good cause my set skill is always improving and been blesses to be able to learn and attack new tasks very fast and accurately.

[@delamayrose-carpenter4469]

I have only got one hundred dollars of debt. Every thing is bought with cash. Great feeling

[@karandave655]

Thank you for this, you are the only youtuber whose message cuts right through to the bone. :-)

[@ElAgustin]

Thanks!

[@ana-maria.vătavu]

Everything you just said is right down to the last word. You understand perfectly although I don't think you've ever been in debt.

[@williammartinez3883]

I have zero dept..and I fully enjoy my life..frugle positive living...hard work and great gratitude has produced a big stack that causes me zero depression!!!!.

[@suefleming]

I love your channel so much!! You have gotten me into a wonderful mindset of saving money, and I have no debt. I have a considerable savings account and I am so peaceful and happy thank you so much Austin !!! ❤❤❤

[@johng3292]

I try not to love money, i want to keep seeing it as a tool, and also something that i master, not the other way around.

[@flonotflow]

I love this thought!

[@eddiestilll]

El Agustín, thank you for this video! I always wondered why society thinks it's abnormal to earn income and save up for a purchase first before spending it. I was always taught that if you can't afford something, you'll have to wait until you can afford it to purchase it.

[@leestamm3187]

Take it from an old geezer. You were taught correctly.

[@rubybabiera6407]

I am 2k now on my saving. I’m close to 5k

[@j887276]

Use an online bank if you aren't already! I have Navy Federal, their savings account was only like .25% I opened an account with Ally now it's 4.20% it's a game changer.

[@DavidDavisDH]

Good job, I did this last year to save for a used car. I got the car and started saving again for a house down payment.

[@RockyMoth]

That's awesome! 🎉 Keep going!

[@AdrienneFreeney-vh8jn]

Well done. Keep going!!!

[@Cal-t3y]

Borrower is Slave to the lender

[@carguy4243]

Im the US. Iaw on tv yesterday that they are building entire neighborhoods of houses owned by corporations that people rent because they have no money to buy a home. Scarry, we are becomming a society where coperations own everything b Politicians have said coperations are people.

[@SAreamusic1]

This is a solid video! I do agree with breaking free from debt and enjoying life guilt free! I also think becoming a minimalist solidified it for me. Less is more. Student loan debt is my killer….but working on it.

[@matchstick8]

Give this man more likes, didn't know I was listening to a singer!

[@danicegewiss862]

Wait until you see his tummy. ❤

[@ElAgustin]

If you didn't know, now you know!

[@sebkk2229]

I got into debt by buying my dream car on finance, by the time I had decent job and thought the payments won't affect me that much, but then I've lost my job, been able to find new one for less money and been struggling a lot to meet ends for long time,got into bigger debt... it was over 3 years ago, today my car is almost paid off, im almost debt free, i have better job and finally getting ahead, but I'm actually thankful I've done that stupid decision, it taught me a lot, especially to live frugal and don't spend money on things I don't need, and the main one to never do mistake like this ever again. Great video, thanks

[@Brode77]

Same. Bought a BMW that drove like a dream….when it wasn’t in the repair shop. Sold that car and got rid of all the stress that went with it. Expensive stuff brings expensive problems. I now drive a boring paid for Toyota that hasn’t needed any repairs.

[@robertlo9]

All of this applies to governments, too. The debt cycle destroys our sovereignty, and it seems impossible to break free from.

[@ogre706]

Pretty much, this. Not to sound like a downer but our country's debt situation is likely past the point of no return. It's just a matter of how and when it all implodes. But if we stay out of debt ourselves, have some security set aside both in dollars and other investment vehicles, we stand a better chance of weathering the coming storm. 👍

[@marilyncobb4469]

Another eye opening video! Thanks!

[@onewomanandsomesongs]

I’m retired with no debt save a small medical bill or two. Life is good.

[@gregorykim1344]

What a nice musical interlude at the end

[@TLS-in-Japan]

Great job, Austin! I agree 100%-debt is the silent thief of freedom. I subscribed a while ago, and this is very inspiring. Spending money you haven’t earned yet is like stealing from your future self. I wish I had learned this before going to college. Thanks, and keep it coming!

[@andrewminjiras5745]

I only use my credit card for dental work or high cost car repair. Otherwise I don’t buy anything else with a card.

[@Brode77]

Same. Medical bills, car repairs, or expensive vet bills for my dogs.

[@misslinda772]

I’m not into a lot of debt myself, but if I had to, it would be the following: college education, automobile, and house. All of which have been paid off, and I am currently debt-free. Thank you for your tips on investment, I’ve got a plan! ❤

[@plappin]

A related topic might be, When SHOULD you take on debt (if ever)? A mortgage for a home is a form of debt. How about debt for a medical expense for a necessary procedure? And the big one, Should you EVER take on debt for schooling? To me it seems like we gamble all the time in life, and taking on debt is just another form of gambling, gambling that we'll be able to pay it off eventually and will benefit in the long run. Excellent job as always!

[@danicegewiss862]

Never. We bought 5 acres of land...cash which we are turning into farm land. Keller Williams is training me to sell real estate. They're paying for my schooling. My husband's job covers our insurance costs. When I become licensed I will cover that. We have no debt so we save and invest the difference (over half his paycheck).

[@Avo7bProject]

Debt makes sense when you are being paid to borrow. Examples: Zero percent balance transfers ("earning money" in a sense versus consumer inflation), or using credit cards responsibly by paying them off and collecting points reward programs. Another one, which is rare, but I've seen it during extreme market turmoil: Is being able to buy dividend-paying securities for a better rate than the carrying cost of margin debt. The market is essentially desperate for long positions and paying you to enter.

[@marcusfieldfield4069]

"Car companies like Mercedes advertising debt as a way to pick up chicks !"😂👍

[@ElAgustin]

I had a different way of saying it, but putting such a thing in the first 30 seconds can be too risky with the algorithm, haha.

[@Yeyos-om9xb]

Muchas gracias que tengas buen día nos vemos chico!!

[@Nevertalked]

I no debt i know so many with credit cards, i think now i know why some cant go away on trips etc

[@An-lh3ox]

This is so eye opening !! Thank you 🙏

[@rubybabiera6407]

Thank you for making this videos❤️

[@ElAgustin]

Thanks for watching!

[@MartinRichards-m4e]

Very true vlog.....I enjoyed the singing at the end haha...great video.

[@cecilianduguta8241]

Absolutely True 👍

[@eduardor0605]

Muchas gracias, chico. ❤ I want to be debt free

[@rosymylene1878]

A big reason we are drowning in debt is because education, medicine and housing, not to mention food, are EXTREMELY EXPENSIVE due to corporate greed. US universities operate like greedy corporations and so do hospitals and doctors. This is not the case in most countries.

[@KittyKat-vb1nd]

People forget the US is a chartered corporation. It's people nothing more than employees.

[@InitaRichMan2]

I make 6 figures and pretty much debit free. I paid off my car (no note) My credit score tanked.🤬. I was told I need apply for more credit (debit).

[@CourtneyRobinson]

I paid off all debt years ago and my mortgage. I now use a credit card wisely and pay it off monthly. I keep a limit to how much I can use it. I never carry debt nor have I in seven years and I have an 800 plus credit score. I have no plans to use debt but my credit score is important for things like auto and home insurance.

[@InitaRichMan2]

@@CourtneyRobinson Great point. Thank you!

[@laundrygoddess4]

I just have a credit card that I pay off every month and my credit score tanked when I paid off my mortgage and car. I recently found out my house insurance also is graded on the credit score so my insurance when up. It's ridiculous

[@CourtneyRobinson]

@@laundrygoddess4 it will go back up if you use and pay your credit card regularly.

[@CourtneyRobinson]

@@m6v5 I use it for the points but I keep a budget and make sure that I don’t go over. I’m extremely frugal and I’m currently financially independent so I have no worries about overspending.

[@retropwned]

great song btw

[@Nickpaintbrush]

When I'm driving my old van with the aircon blasting I'm looking around at people in their new cars with the window down because they didnt get aircon as an option on their fancy (not paid for) vehicle. Can you sing the last bit whilst pushing a vacuum around lol?

[@Mysticbladegod]

I refuse to have or use a credit card. Can't rack up debt if I refuse to use it. Live within your means

[@marceliam5275]

Thank you.

[@thorsrensen3162]

my friend work at a company where the new manager is a complete jerk. I wish he had the money to say no to the dude. I have always inmy mind how I can get able to live without my job.

[@lucianaloureiro487]

Wow!!!! Perfect ❤

[@Toogoodtobetrue458]

Break free

[@Brode77]

I don’t say this lightly…..this is a life changing video for you if you are in your twenties or thinking about taking out massive student loans. You can tell he lives this when you see how calm he is in the next video where he lost everything in the hurricane.

[@tharpeaddy]

People get mad at me for riding my beautiful e-bikes that I picked out myself and paid for myself… They act like they bought me this stud but no I worked Every time I ride my e-bikes I save money

[@observer134]

Your awesome,, enjoy your videos

[@repboy1]

Working my way out of it , paid off car , paid off loan even paid of my furniture lol, starting to feel free

[@laundrygoddess4]

Society isn't good at delaying what they want. They still buy the house or have the kids even if they are in debt. They just go in more debt

[@bewusstsein3527]

Im trapped with huge debt.. damn i wish i listen to you 2 yrs ago..

[@bewusstsein3527]

@UCsmN3k-nRlrVaYRfwk9Wekw you're welcome.. And i know you are pragmatist (wittingly or unwittingly).. thank u for your service..

[@tomv7986]

Consumer debt is horrible. A mortgage is the only exception imho.

[@greenkitty82]

I agree, it's the only thing I've been conditioned to know that a mortgage is what you pay gradually for, everything else you can't afford it, you can't have it. I believe the true cause of debt is fear of what other people think, it's being completely submissive to their opinions of us hence why we buy so much to impress them.

[@aisha7643]

From Islamic financing perspective I can say taking debt and then paying it off with interest is something highly condemned and we call it riba(usury) Also this is one of the major sins for which Allah has announced war against the person who involves themselves. Unfortunately even though coming from a religious background my family purchased a car by taking loan, it took so so many years to finally be rid of debt and it makes sense why it's such a grave sin.. It's just so immoral to take advantage of other humans basic needs.

[@NIEMILYFACET1980]

So true thanks

[@omarespinoza7616]

Love your videos

[@conormorrison2829]

Where is Steve McGuire?!

[@mrwillwgp]

One more margarita for me!!!

[@doyleelad1113]

Austin, you forgot to change into one of your regular plain T-shirts before recording 😅

[@ariella1357]

You’ve missed a video where he was making fun of him switching to a different type of shirts 😂

[@charlesedwards4160]

Hey Chocoderos, good advice as always. But you'll never be a singer. You cracked me up when you sang "I've got to break free", lol :)

[@paulk8473]

Don't have kids. Trade joy for savings. Don't buy a house. A windburst just took me out. Cars totaled. Trees have to be removed. Live like this guy. Rent. Don't have kids.

[@syfodias-jedimaster]

What's your take on digital currencies?

[@syfodias-jedimaster]

@williamsaustin329 cool since we u* frugal wasn't sure ur stance on it lol i think theres lots lf potential

[@Kelssinho]

Ayyy you made it to a yahoo article. Congrats!

[@ElAgustin]

Yahoo stealing my topics and cover with affiliate links to make money... oh well.

[@Kelssinho]

@@ElAgustin gotta love capitalism

[@Divyv520]

Hey Austin , very good video ! I was wondering if I can help you with more Quality Editing in your videos and make Highly Engaging Thumbnails which will help your videos to get more views and engagement . Please let me know what do you think ?

[@williammartinez3883]

Yes yes and yes to this video I have a brother getting close to bankruptcy number 3 ..in my eyes he's a clown. joke. But in reality has like our mother a blamshifting get over queen he's a king at it ....I have zero respect for him...he'll pay one day if not now..

[@geraldcamarillo2939]

Lol. I liked the end of the video. Your best video from beginning to end.

[@ElAgustin]

Thanks!

[@sportclinic8329]

🙏🏻

[@Observer100-cn7gv]

Why aren't you married and not even 1 child?

[@SolaineDespins]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[@Mitchellee-g2s]

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

[@Griffinguardian]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@wellsHannahh]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Griffinguardian]

I have a female advisor named Melissa Elise Robinson I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.

[@ChrisWoodBritton]

thanks you for sharing.. I must say, Melissa appears to be well knowledgeable, just came across her consulting page and went through her resume, very impressive!

[@ronnieadrian9843]

You NEED TO STOP closing your videos with that cringy Spanish thing you say PLEASE !!!

[@SasuKev099009]

Dude you really are focusing on that? 😂😂😂 how does that even affect you

[@Observer100-cn7gv]

Why do you care about people's debt? It is theirs, not yours.

[@crazyadventuresandreviews]

It’s kind of what his channel is about, if he didn’t make videos about these subjects. He would wouldn’t make money now would he duh.

[@therichbuddha3277]

Couple counter arguments: MC is not selling debt, they are selling experiences that the people enjoying them can likely afford (paid off in full end of month with bonus points.) Mercedes is not selling picking up chicks lol, they are suggesting a woman likes and is attracted to a successful man. Every car has 4 tires, a wheel and an engine but unless you have driven and owned a luxury vehicle, paid for in cash, you are really missing an experience. Enjoy this short ride we have here on this plain.

[@annlewis7279]

Sorry, you aren’t the target audience.

[@SigmaWayforward]