During a Recession Don’t Stop Buying These Things - Worst Things to Cut From Your Budget

[@OurRichJourney]

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[@inea-fijourney22]

this year I have been "spending" all my money buying Broad market low cost etfs! Everytime I have money on hand, I send to it! Also, I have been buying buying seeds, garden tools, and garden soil... starting my own small garden so I can stay away from social media until things go back to normal. Always love your content and help me stay motivated. 🔥

[@vtheb1299]

Growing your own food is badass!!! Respect!!!

[@inea-fijourney22]

@@dlg5485 you are so right.

[@inea-fijourney22]

@@vtheb1299 Im not even close to grow our own food. But definitely trying to grown something we eat. Trying to figure out this Texas weather. I moved here couple years ago from Puerto Rico, the weather its so different!

[@OurRichJourney]

"Spending" your money on broad market low cost etfs - that's my kind of spending!!! :) Thanks for watching Inea!!!

[@mariorta5017]

@@inea-fijourney22 you will never figure out. Texas weather is very bipolar, 21 yrs living here and I haven't figure out. For you where you have plenty of vegetation can be hard since your island has plenty of fruit and deliciousness. But, something can get done with this soil depending on the area where you are. I am on zone 7 which is going to Oklahoma passing Denton, We have clay soil we have to prepare our soil very well, if you have some space you can build some elevated flowerbeds and plant Lettuce, tomatoes, peppers, cabbages. Also, you can have hens on most areas and have your own eggs, I have few and I haven't buy eggs for over 2 years. Also, get a book Texas planting will help you a lot. Good luck.

[@TheCookingDojo]

I think a very common misconception with achieving fire is that you have to cut out literally everything but the essentials. I think as long as you have a plan and a budget you can still make FIRE happen. I think you still need to enjoy life and build memories while you achieve the dream

[@OurRichJourney]

Totally agree! You still have to enjoy the journey!!! FIRE is possible with a plan and budget AND without having to cut out everything but the essentials!!!

[@peterwolf3760]

💯 percent on point! I love what you say about not cutting social activities, family activities and travel. We saved thousands by driving on a trip to Charleston SC, Atlanta GA and Washington DC. My sister insisted we stay at her new home in Atlanta over five nights; and we found a host of free family activities for our two little girls. We’ve gotten more creative about date nights also, and find it easier to take a bottle of wine 🍷 with us to the many free outdoor summer concerts in NYC. It’s all about being financially creative.

[@jaheenahsan5227]

I started my first full-time job in June, and I made a decision to contribute 40% of my salary to my 401(k) for multiple reasons. One being that I'm living with my parents, so I don't have to worry about expenses. Another being that I'm just hungry to get my investments up now so that I can enjoy great returns later. Finally, because the stock market is going down right now, I recognized that this is a great opportunity to be even more aggressive with my investments and buy at bargain prices. All in all, I wanted to make sure that more money was being compounded over a longer period of time, especially at the low prices that they're at right now. I was fortunate to learn not to listen to the noise on the news, and I'm looking forward to seeing what happens later on down the road with all the money that I'm putting in now.

[@OurRichJourney]

Wow! 40% of your salary into your 401k! Congratulations Jaheen! That is incredible!!!

[@AndNowIWrite]

I think its wonderful that you are living with your parents, to often grown children try to live independently and fail. You are very wise!

[@tonyl6385]

Great job, you have wisdom and disciple beyond your age. God bless you always.

[@mj_phd]

Awesome! I did the same thing when I started my first job on 2008. It definitely paid off.

[@toniajones9589]

Great Job!

[@danelledautrievesanford]

I was thinking about focusing on certifications and professional branding this morning. I needed this.

[@OurRichJourney]

Perfect timing Danelle!!! :)💕

[@trinamaia6531]

Thank you for this video! Very good information. We have only 30 days left on our countdown to move to Portugal 🇵🇹 You guys have been a huge blessing to us over the past 3+ years in planning this amazing experience for our family. Obrigada por tudo que voces estão fazendo 🙏🏻💕🙏🏻

[@OurRichJourney]

30 days and counting! That is so amazing Trina! We're so excited for you!!!!

[@jazerco1]

Great tips. I would add and additions tip always had worked for me. Take sometime and redecorate your home, office, your space. Move some furnish. Change some pictures. Paint the walls, etc. It will bring new energy and new perspective to see how easy can be to change your mindset. Be more productive and creative.

[@kmot92]

I've been using your budget spreadsheet for years now! I've customized it over time, but it has been a fantastic start and so unique to have the Pay Yourself First category

[@OurRichJourney]

Wow! I'm so happy to hear you're still using the budget Katia!!!

[@99leadpencils]

The gym comment really resonated with me. I go to the gym 5-6 times a week, make good use of all the amenties and use multiple locations depending where I am. I have been a member of this gym for so long that to get the same level of membership now would be 50-60% more expensive than my current rate! As long as I keep up my habit, I will NEVER cancel this membership.

[@danelledautrievesanford]

Kids activities pay off in the long run. I took advantage of a magazine that provided free and inexpensive kid-friendly activities. I also kept a picnic basket for Saturdays.

[@OurRichJourney]

And I bet your kids remembered those Saturday picnics when they got older! Kids want quality time and it doesn't have to break the bank! :) 🤩

[@annicks7385]

I bought my kids their zoo membership. Social activities are important and when we cut that out during Covid it was so lonely and frustrating. I added a new gym membership this week . It has a sauna , and a jacuzzi and I get to workout with childcare . It’s a part of me socializing ! Insurance , important too . Can’t wait to do my checkups and such .

[@OurRichJourney]

Yes - so right! I definitely feel like social activities are more important after such a long period of isolation!

[@dreamchaser5758]

Panic and negativity have beem commoditized. Thanks to you both for having the spiritual/emotional maturity not to contribute to this destructive trend. There's hope but we have to chase it intentionally.

[@tlaly]

Been following you guys for years, I appreciate your content so much!

[@alvaro93364]

Being from an immigrant family I had barely any of the essential things a kid should have. Now as a young adult im learning life skills from youtube. Im also full of social anxiety from never doing anaything as a kid or never going out due to money. That is a huge limitor in my life as to what I can achieve.

[@juliecaron7569]

But your curiosity, desire to learn by yourself, drive and motivation can make you achieve everything and more. KZbin has incredible content, so does the rest of the web if you are looking to learn new skills and build your professional career. Don't let your upbringing determine who you can be today, because all doors are open for you. Let it just shine a light on things you don't want in your adult life and choose to live differently. Go for it!

[@noreenn6976]

I'm ignoring the doom and gloom, thanks for your suggestions

[@OurRichJourney]

That's the way to go Noreen! Ignore the doom and gloom!!!! :)

[@conniepleasantnails]

Great advice. My husband & I just got library cards to check out books. We can also watch movies through the site…all for free. I also took on a part time job and opened a 401k and I used the consultant to help me set things up. We will save for a small trip since our incomes are not very high, but thankfully our expenses are low. ❤️🙏🏼

[@nylasworld-m3g]

Thank you for inspiring me to finally start my FIRE journey and youtube channel 🙌🏾 🙏🏾 ❤️

[@Msnanamac]

I was pleasantly surprised at this list! You are the first financial freedom folks I've ever heard say DON'T cut out gym membership! I cut mine out in January following other financial advisor's advice and gained weight. Your list also includes still going out with friends. So different than Dave Ramsey! Your list overall is encouraging viewers to invest in their physical and mental health. Yes, you should still be able to enjoy life when trying to save money!

[@leonorperez130]

Msnanamac a gym membership is cheaper than diabetes, stroke, heart attack, medications crutches, etc. etc.

[@resourcefulqueen]

Thanks for providing the option of reading the transcript. It is a useful feature. Happy prosperity!

[@lashawn369]

Checking in from the DMV.

[@OurRichJourney]

Hey there LaShawn!!!! Hope you're having a great Sunday!!!

[@venuskirby8243]

Good ideas!!! And the reasons were valid. I definitely thought that some of your suggestions would have gotten cut!

[@OurRichJourney]

Thank you so much Venus!!!

[@treneicescorner]

Loved this video - great content!

[@PeeGeeThirteen]

Hey guys! The market has been good this week. I decided to continue trucking as normal and slowly watch the losses return to near pre-dip levels

[@Just2gofoods]

GREAT VIDEO! I do not want to live in fear. I looked forward to your video after recession news came out. Popular grocery store here in Chicago called Mariano’s has family friendly activities in store. We all like checking out their calendar and go to many of their events. Cheers! ~Elizabeth

[@rdarrett3635]

Love Mariano’s #midwest

[@OurRichJourney]

Very cool! I love when local markets and stores promote family friendly activities!

[@ninarosaphotography2039]

I have been watching your videos. Very instructive, funny.I loved it. Your daughters are so cute! Beautiful family. Congratulations! My husband and I want to go to Portugal in the end of this year to see houses, we planning to buy one. I spent a lot time researching online and we alredy selected some. My questions is: Do we need ask for a visa here in US before we go to Portugal?? Also we want to rent a small house or apartament to stay in the period to buy our new home. I'm a fluent Portuguese speaker but I world like to have real state lawyer to review the legal contrats, conditions and regulations of buying a house. I'm retired but my husband continue working, he is a general contract. Any suggestion?? Thanks so much.

[@tanjabarrett5933]

Your budget made me realize my financial advisor was not investing our money 😬. I use it every month to track my spending and love it. Fair warning I did modify few small things. Great job guys, you're an inspiration.

[@vtheb1299]

If your advisor is getting money when losing you money, it's a no-no...

[@Justcallitaday]

Love the angle on this video Great content guys

[@OurRichJourney]

📈Looking to learn how to invest? Enroll in our Stock Market Investing Course: www.ourrichjourney.com/investingforfire 🔥Learn more about financial independence and retiring early: Enroll in our F.I.R.E. Master Class: www.ourrichjourney.com/firemasterclass ✈Want to move to Portugal? Enroll in our Moving to Portugal Course: www.ourrichjourney.com/movingtoportugal

[@DestinationRetirement]

I'm enrolled. Mérida Mexico will be in the hooooouse! ;)

[@OurRichJourney]

That's FANTASTIC!!!! So happy you're joining us!!!

[@angieroby2699]

Hi Amad & Christina! I have been following you all since before you retired and I’m from the Bay Area. I am REALLY late to the fire concept as I am 48 years old ( a very young 48 - I feel 30 and I’m blessed to constantly be mistaken for 30 ;-) My questions are these: 1) Could I do FIRE-D, I’ll call it delayed FIRE :-) I would like to retire in 10 years but need a very aggressive plan. I make a decent salary (work for a FAANG with great bonus, stock, and 401k match benefits), will have no debt (by next month), have 4 months emergency savings, but I have waaaaaaay less than I ideal in my 401k and I’m not a home owner. I am willing to buy out of state investment properties, get certifications and upgrade my job skills in order to make more money, and even sell things on line or develop a great blog or ALL of the above! I still have the dream of adopting one child as well. Do you think that your 365 days to FIRE would be a helpful program for me? Thanks to you both and so proud to see y’all with such a successful channel and businesses!

[@dionneking8]

yup

[@HRHTinyhome]

Great information, always watching your channel. I made decision to leave the City in 2007. Cash out my stocks and equity on 5 homes. Just before housing market crashed. Left good old USA and traveled found counties that had good investment in real estate and started again. You guys are doing what I should have done at your age travel and enjoy life with the family. Thank you again for all the time you take to help me and others think outside the box. 👍👍

[@genjimonogatari6156]

Another great resourceful presentation!

[@OurRichJourney]

Thank you!!!

[@EngineeredMojo]

Life changing wealth creation can occur at times like these

[@OurRichJourney]

You are completely right!!! Totally agree!!!

[@kschmidtdk]

How about an update on your tiny house project, please

[@Carl_455]

Great advice during this recession!

[@arelyramirez335]

Do you all have a video on joint bank accounts? I can’t seem to find one. My husband and I are fans of the channel and recently got married and are working out the joint bank account situation.

[@darrienjames30]

Thank you Ammon and Christina for clearly providing financial tips and guidance; much appreciated! Also congrats on crossing 600K subscribers!

[@vvassall28]

This list in on point. There must be a balance between wealth and health. Thanks for sharing these tips.

[@catherinemuhammad2738]

Thanks for sharing such good advice.🙂

[@OurRichJourney]

Aww, thank you so much Catherine!!!!

[@ambervanevera8685]

Hi guys, I've been following/subscribed for a while now and I learn a lot from the both of you, but can you recommend specific videos for a step by step process for beginners that have Vanguard ROTH IRA and wants to learn how to properly invest in ETF's or maybe could you add a step by step video on your KZbin account specifically for Vanguard account holders if there isn't a video already. Also, I will be heading to Lisbon, Portugal mid-end of September with my partner for his Birthday. I would love to get some recommendations from your family on what to do and where to eat. It's our first time. We were inspired to visit Portugal because of your Journey :) Very excited to travel there.

[@travisbalthasar9544]

Upstanding take on all topics. Spend purposefully, smart and creative....you nailed it! :) 🙏

[@adriennenicole7687]

Hey guys. One of my favorite couples on KZbin!!! Hope the girls are well!!! Thank you for the content 💜

[@anastasiahello1767]

how to get travel rewards if you live in europe and don't have card with miles as in USA?

[@desidog4169]

Thank you for the valuable advice!

[@OurRichJourney]

Thank YOU for watching and commenting!!!

[@yanr8405]

Great video!! Thank you for sharing!!

[@OurRichJourney]

Thank you Yan!!!!

[@CreativeCashflow1]

I hate when people don't realize information wasn't this accessible back in the day. You couldn't buy a course, watch a KZbin or Tiktock that shows you exactly how to make money, invest, or prepare for a recession.

[@tobirates916]

Back in the day is gone. The best time to start accumulating knowledge and investments is *today* (no matter how old you are).

[@genxx2724]

@@tobirates916 The point was to have appreciation.

[@OurRichJourney]

So true! Now, people just need to take advantage of all the information that is available to them!!!

[@sbv0]

Home Warranty worth keeping? Curious of your take. Thanks

[@robinhoodmalwaki1819]

Very nice people. Thank you for all advices.

[@OurRichJourney]

Aww, thank you so much Robin!!!

[@willmallory9085]

Excellent video Team

[@baronsworldwide]

Thank you for your continued great content! My wife and I will be moving to Madeira Portugal in October, and I was wondering if we could still do travel hacking with credit cards for vacations? Is it still worth gathering points by using your credit card with the exchange rate in Portugal? (We are US citizens). Or did you end up getting credit cards that are not us-based companies and getting points that way?

[@gii5909]

Can I start investing in my retirement?

[@AlrebeccaBarenboum]

Guys you are amazing!

[@Winter_IsHere]

Continue your live, plan, identify and recognize opportunities.

[@OurRichJourney]

YES! So many opportunities!!!

[@americavenkat8316]

Some how I didn’t understand your suggestions except the first one. For me most of them can wait until recession.

[@lasl5413]

spot on!!!

[@OurRichJourney]

Thank you!!!!

[@autobotdiva9268]

havent stopped traveling but doing by so by car instead of flying. still investing

[@OurRichJourney]

YES! Great way to save money on travel, while still continuing to travel!!!!

[@ee7369]

Most of the fidelity index funds went up 9% in recent days, and are almost back up to where they were

[@OurRichJourney]

It's pretty volatile - but that leaves lots of room for opportunities!!! :)

[@annieshang1460]

Love this video! Possible to talk about life insurance and how that works with if you have properties investment?

[@OurRichJourney]

Hi Annie! Thanks for the suggestion! We were actually talking about doing a video on this! Anyone else interested in this topic????

[@cann9155]

All good. Thanks guys. Grabbing that budget and travel hacking video now. Muito Obrigada! ❤👏🔥❤💯❤

[@OurRichJourney]

Thank you C Ann! I think you're going to like the budget!!!!

[@anangsuhandi6564]

Good is the best

[@ygbodybuilder3023]

Everybody says still invest during the recession but the real question is how much profit was for those that invested in the market during the last recession

[@AllthingsSocialWork]

My 410k, IRA and 30k and brokerage as of this year. Looking at an investment property and then Circling back to my kids accounts

[@vtheb1299]

The indices went up and I found myself panic-bying!!! 😂🤣😜🤓

[@vtheb1299]

I'm also frantically applying for new jobs and JUST signed up for a new fitness class just today! And booked a ticket to see my family just a couple of days ago. Great video as always folks!!!

[@OurRichJourney]

😂😂😂Too funny V the B!!!!

[@308KingsRoad]

♨️ The doomed recession has the ability to make you rich if you change your prospective & stay the course. Thank you for Quality content ✨️

[@OurRichJourney]

You are so right!!! Stay the course!!!

[@a.sobral9408]

I want to invest big time in growth ETFs and dividend ETF's, seems all ETFs are in bear trend, do you recommend to buy ETF now or wait for the end of the year for better entrance in the market?

[@jahaesjourney362]

I am using Charles Schwab can anyone be kind to tell me what are some great stocks or etfs to invest in at the moment?

[@ericjordan6059]

VTI, VYM, O, MAIN, SCHD, VZ, ABBV are a few good ones.

[@arshiyaa5765]

I only have $300-$400 to invest monthly.. would that event make a difference?

[@heatherlw13]

Yes. Figure out what you want to invest it in. There are index funds ( do your research); a day trip to something fun, or save for a bigger trip; a course online or at a school to increase your work or life skills, and many other things.

[@leslievalenciano-lopez8887]

YES!!! Anything is something!!!

[@davidfunvideos]

Congrats on the Plutus Award nomination

[@djnana4011]

Can’t believe I’m the first to comment today! Great information

[@OurRichJourney]

You were right there at 9:00!!!! :) Thank you DJ!!!

[@gabriellewhalley1328]

How long do you think this depression will last

[@scarletdvore1459]

Nice…

[@jajack9537]

King and queen has spoken to the land.

[@jwbrown1644]

Wait. I thought we redefined what a recession is, so all is good, no?

[@Deash1000]

These two are so f&^%in cute together, lol.

[@OurRichJourney]

Aww, you are too sweet! Thank you!!!

[@danelledautrievesanford]

Hi There 😊

[@OurRichJourney]

Happy Sunday Danelle!!! 💗💗💗

[@charletfoster8917]

👍🏿💯

[@PMMuthu-sn8ei]

👍

[@OurRichJourney]

😀

[@Zebraballer1]

Keep buying boys and girls so I can continue to short the pants off this weak weak market….

[@OurRichJourney]

We'll keep buying!!! :)

[@bmahoney1568]

👍

[@OurRichJourney]

😀