This Money Mindset Keeps You Forever Broke

[@ElAgustin]

What's one way you waste money?

[@darrenpat182]

alcohol

[@CAGChannel1]

I wish my life situation was different, so maybe x, y, z, q, r , s , t u or V might help. I’m a sitting duck with profoundly disabled kids and everyone from medical “ specialist” to CBD products offering hope if I just shell out the dough. Do they have a “sitting duck” expression in Latin America?

[@Marc-xc9uo]

Charity. So many at work!

[@Luncheon23]

Clothes...

[@AnhNguyen-hn9vj]

lol. They got trapped into spending more than they can make. They are fwcked. lol It is good to spend more money if you make more money. It is not good when you spend more money than you can make. They are just unable to scale down their spending when they are making less money. They will just work themselves to death.

[@juliemarkham4332]

"The norms are ruining peoples' lives", awesome!

[@user56gghtf]

What you focus on grows. Matthew 6:33, KJV 33 But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you.

[@KeturaSaint-Fleurose]

Yeah I ended up at a homeless shelter because my optimism wasn’t always a useful characteristic trait and I left everything by chance. Several times where I self sabotaged myself. Not there anymore. I continue to watch your videos to keep improving my relationship with my finances ♥️🙏🏾

[@ElAgustin]

I'm glad to here you're not there anymore. Money can be tough because it's much more than just numbers. So much psychology behind it.

[@anastasiasmith1220]

You are very attractive and brave young lady. I wish you all the best! Keep educating yourself and making your life better step by step!

[@timothybush7050]

Optimism sometimes is just false hope.

[@Asadc1995]

How did your self sabotage yourself?

[@KeturaSaint-Fleurose]

@@Asadc1995 by spending irresponsibly knowing that I’m leaving my future self in a state of fear and anxiety

[@SirSmizzi]

“Imma let Jesus take the wheel” 😂 I know a bunch of people just like that 😂

[@anamd2023]

100% stop complaining and be greatful. Colombiana living in USA for most of my life, but every chance we get - we travel and show our 12 year old the world and always make it a point to see how blessed we are and how much people complain here.

[@CC-kr3mr]

We have family members who were visiting from out of town this summer. They are always crying broke. During the small amount of time with them over a few days my entire immediate family realized why they are always broke. Their spending habits are very splashy. My uncle even drove his car through the drive-through car wash and got the deluxe package when he could have easily washed his car in our driveway. My parents have always been very smart with money and the thing that bothered me the most was that they think we are “the haves”and they are the “have nots”. Even if they won the lottery if they would blow through it in a year because they are so stupid with money and they think they are have nots.

[@plappin]

Excellent video. This leads me to wonder why managing one's finances ISN'T taught in schools, it's so important. I can only guess that it's because having a large population of financially desperate people serves the powers that be. If we taught financial planning, who would be making the impulse purchases that keep our economy humming? Who would pay those exorbitant credit card interest rates that banks count on to maintain their profits? (Payday loans even worse.) I think the high cost of being poor in the USA is very discouraging to people who are just getting by. I'm not poor but I can totally get why someone would want to treat their family to the rare dinner in a restaurant rather than socking away the money for a rainy day. I think if you examine most people's choices in life -- not just money-related -- you can see that most of us make what seems like the best decisions we can at the time. If you don't think your prospects are ever likely to improve, and don't have models of people whose lives HAVE improved around you, it's easy to just live for the moment.

[@jazzispirit1850]

Best response ever right on target 💯! My last few comments on Austin’s videos have echoed the same. His knowledge should be taught in the schools, along with courses of bullying, how to manage a checkbook, etc. but… for the reasons you mentioned…keep the people poor, fat, sick, and broke ..for the economy it won’t happen. Blessings..

[@MarkMark-ji6ts]

Yes you are 100% correct. The system is designed to keep you poor and willing to literally work for food.

[@danicegewiss862]

I know a guy who was voted on the school board. He was discussing classes the kids need. I said personal finance. He said I like that. Whether or not it gets taught isn't important. What is important is he is presenting it to the other school board members.

[@agnesgooch459]

​@@jazzispirit1850poverty..all by design.

[@Luncheon23]

Always glad to see the 50k + subscribers next to your name Agustin! Your channel certainly deserves it. That said, I really appreciate today's video. It shines a light on my own unhelpful spending habits and how to change them 😊

[@kat_thefruitbat]

Those of us who can have poverty as a defeatable “mindset”, rather than an inescapable reality, are truly privileged. Thank you for keeping us awake and grounded. ❤️

[@CAGChannel1]

Posting on a holiday! Very punctual and commendable and very appreciated. Rock on Augustine ( unlike kias:)!,

[@ElAgustin]

haha, thanks!

[@yolandapatterson4674]

You are the living truth!! Just love your videos..it’s always something that you can learn from your videos at any AGE!!!

[@KellyBoettcher-qo9tx]

True

[@ackermack92]

Great points. I love the reminder that we have a lot more control about our financial situation than we sometimes think.

[@SC-rr7ei]

At the end of the month, after working so hard, I always treated myself to something. More frequently when the sales were on, a dress, handbag, shoes, jewels and jackets. All ended up being short term pleasure hits. I still buy them, but not as much - I'm learning the lessons, keep them coming ElAgusin 😊😊❤❤

[@TylerG7777]

Often quoted: “Look in your closet. All that stuff, it used to be money. And all that money, used to be time”.

[@SC-rr7ei]

@@TylerG7777 Yes exactly, I've treated myself to a savings money jar instead! 😊 I'm learning the lessons ❤

[@TimeIdle]

For a lot of people, neglecting oneself is not necessarily depriving, but running away from, oneself. It's easier (preferable) to be distracted by all the external dramas than focusing on your own internal story.

[@Ponzuu28]

Indeed, your best video ever every teenager young adult or someone who is 50 needs to see this!!! Stop making the same mistakes over and over! This is coming from someone who did that and I finally got it after years of wasting so much money that will never get back 😢

[@winterdreams6544]

Think you are crazy?? Never! You are amazing! You are a light in the darkness. Keep shining… we are following.. we are listening. Thank you!

[@DesertMav]

Yeah, I do my best to stay in a positive financial mindset. My weakness is when I have family visit and I wind up doing some of the bad habits that I have tried staying away from. Then again, I look at the bright side of my situation and my goal is to re-focus and dedicate myself to getting my finances squared away. Most of my financial literacy has honestly come from YT, which I would normally consider quite scary, but the financial space on YT tends to have some solid information depending on which channel you turn to.

[@cajunjamis9001]

"Money Talks".........Always saying Good Bye!!!

[@danyelias]

Great, positive energy with practical steps that can be implemented in our lives. Appreciate your hard work!

[@daviddean6032]

Thank you for another great video, Mr. Austin Williams!

[@ElAgustin]

Thanks!

[@juliemarkham4332]

People can start to feel deprived living paycheck to paycheck all the time. I would use a portion, but not all, of extra funds on a short term pleasure hit instead of saving all of it.

[@ElAgustin]

Yeah, it's a tough thing. Once you're in the hole it's extremely hard to get out of it. I was watching a Netflix show last night and, living in Colorado, it was shocking to see how little people make in other states where the minimum wage is $7.25. I mean you can work 3 jobs and still not make ends meet.

[@donaldlyons17]

@@ElAgustin Wow you do realize that income is important. I was starting to worry you had no idea but it is good to see someone who bothers to run calculations and understands the limitations of math!!! That is why frugal and save on any income people are as issue. At a certain point the math matters more than all the other stuff combined!!!!

[@annazudis9850]

Thank you. You keep me inspired

[@ElAgustin]

Awesome!

[@TheTigerlily86]

Your not crazy. You are very realistic on what's going on in the world right now

[@Peter-tk6rm]

Great Choices create Great Circumstances.

[@leena118]

I love this channel for the global perspective you bring to it. As an immigrant myself, I have always believed that those of us who live in the United States are blessed with prosperity. Question for you and maybe you could do a video on this: For those of us who travel to economically disadvantaged countries, what are some good ways to be helpful to the local population? Here are some things I do: tip generously at restaurants, stay at locally and independently owned hotels whenever possible, don't bargain for items I buy from a vendor. Any other ways that we can make an impact? Specifically looking for tips for small things we can do to make the lives of others better.

[@ElAgustin]

I like this idea! I'll try to think of something!

[@padmeasmr]

This isn't related but I have to write it. I've just had a job interview as a nanny for a very wealthy family. I was kinda shocked by their lifestyle. They are from Germany moving to Switzerland and their vacation home was a castle on the lake. I have to speak English cause the kids go to international schools. They have 5 horses and everything you can think of. I think they are nobles, they are not enriched people, they were not bragging at all. They invited me to dinner just because the young girl liked me a lot, so we went to this restaurant with the motorboat, I could order whatever I wanted not even looking at the menu. They have a cook and the servant was playing the piano beautifully when I was there. I can't explain this but when I got home I was so happy of my "poor" lifestyle and my normal apartment. It felt like I had gone into another world where I didn't feel like I could fit in, they think in a different way. I realized I don't care about their stuff at all. They would pay me really well, like 4/5k euro a month, but it's just too many hours, I was looking for a job from 4 to 8 hours a day, not 10-12 cause I want a life outside of work and I don't wanna burn out. I have my master to finish and my YT channel. And tbh I feel so shocked by what I saw, even though they were kind etc I felt like I wanted to run away. I've just applied for another job and also a stage that could pay even more, but my parents are kinda pressing me not to let go of this job and just ask for less hours (cause it's nearby and in Italy you get only from 1k to 2k a month in a normal job which makes it hard to live well) Never been in a place like this in my life it's so weird. I mean I want money but I don't care about them at the same time.

[@ElAgustin]

I had a friend who was a nanny for rich families and she explained how weird the people are because they can't relate or trust anyone. They live these isolated lives on huge acres of land and fly in private jets, so they almost are no longer human because they have no human interactions. Not sure if you heard of this, but in the US there is this famous news anchor named "Anderson Cooper," who has ties to the Vanderbilt family. He was talking about how living in that environment is a curse because you have no drive in life because you don't need to make money. You can't relate to other people and end up having no purpose. And he's spoken about how he will make it known to his kids that they will be getting no inheritance because he wants them to have drive in life. Money is nice in a way because it gives you drive to work and find meaning. If you don't need it, then what's the point of anything?

[@padmeasmr]

@@ElAgustin yeah totally, I thought about that as well. The 13 yr old girl seemed like the average teen, but you could see how spoiled she was. She kept talking to me about Dubai or Monaco. She's very smart, they clearly value culture, but she was absolutely unconscious of her privileged life, its just normal for her to have whatever she wants. I really can't relate, how can you grow as a person? I checked out the middle school she will be going to and it's 25k per year. I honestly wonder how I would feel working and living with them. I felt this inferiority while being there for only a few hours and I had also this sense of nausea at the same time. Man, life is really unfair, but it's the first time I think I don't want to be that rich, I would feel so guilty.

[@1yotube]

Amigo! I am not a psyche but I can tell you will be a good public speaker!!! or at least a super good Live coach

[@ElAgustin]

I appreciate your kind word!

[@donaldswanson9647]

I luv my 50 dollar T-Mobile. I consume maybe 100 gigs a month in scenic locations on my tablet. I also have a cheaper ultra mobile smartphone as backup and cause no smartphone makes life difficult. My budget is simple. Spend less than I earn on a regular basis. Big purchases like a car are less than once a year. I don't even need to work to achieve this now due to low risk investing. However when I had smaller savings I kept expenses down by avoiding the big stuff. I pay zero for housing and zero for healthcare. Innovation is required to achieve this. A wife is a high risk investment. You get two incomes but risk divorce loss. These videos are very zen relaxing so I hit the subscribe button.

[@ElAgustin]

Yeah, the con of Mint is it's second in line for signal after T mobile!

[@donaldswanson9647]

@Austin Williams I never got great internet on a cellphone. Cellphones try to do everything and do nothing great. I use a router on t-mobile that only does internet. You get what you pay for in electronics. If the device is a hundred bucks new, you can expect it to be disposable.

[@allenbrown9052]

You ain’t crazy! Keeo’em coming! 🧡 🐪

[@commonsenseisntcommon1776]

Someone needs to tell our Corrupt Govt to STOP SPENDING!!! We must stay within our budget, so should they! The definition of WASTEFUL SPENDING!

[@fionageorge363]

You make a lot of sense.... hope people are listening

[@NIEMILYFACET1980]

Thank you Austin so true👌👍

[@cajunjamis9001]

"Money Talks"................Always saying Good Bye!

[@resortofdreams9485]

Great video as always! You are saying the reality. I'm one of your big fans watching your videos regularly. 👋👋👋👋👋👋

[@bessieoriotis5104]

There has to be balance in life. You need to pay your necessary bills, save a little for a rainy day and not go beyond your means. Keep a list of what you need, buy the item you need even if it means slowly saving up for it, be frugal and minimalist. Life doesn't have to be being materialistic. 🎉

[@Tigerbombf]

I'd like to think of these items listed below as wasteful spending. However, it can also be argued that they are necessary for other reasons than financial. - Spending on travels to cater to my wife's needs as a stay at home mum - Buying home furniture as the older ones are no longer suitable/we didn't even have one - Trading in an old car free of debt repayment which is originally higher priced but also having high mileage old car and need of several repairs for a new and cheaper car both in price tag and spare parts but having to take up a new hire purchase loan - Spending a large sum of money for debt repayment to get immigration clearance to go out of the country

[@virgil3241]

I know they say there always things to cut out, or the Starbucks effect. Well I drink a cup of instant coffee at home for breakfast with creamer, not sure how much cheaper I can get. I brownbag for lunch every day. Some costs are out of your control however. There are just some costs to existing, unless you want to be a freeloader and live off of others all the time

[@australiantruckspotting8883]

God helps those who help themselves.

[@330sfinest8]

Best video I’ve ever watche

[@DreadlockSoldierSubliminals]

Thank you, Austin ❤

[@ElAgustin]

Thanks for watching!

[@AaronTaylor-bx1zm]

Great content!!

[@hollieperry9300]

Hmm I agree with you on 95% of the things you put in your videos... With a little discipline you can do small strides. On a side note alot of restaurants do have apps bow that do have coupons... that do help.. I don't mind getting my kids something from a restaurant But there are conditions it's 1 or 2 a week we use any coupons if we are able to and it has to be × amount of money or less... And honestly if you set aside × amount of money each paycheck then you know your limits and what manageable for you... it's not an everyday thing but manageable. Also a teachable tool for your children ... I have this amount of money for this that and that... of you qant this you have to "work"to make the difference

[@liberator9248]

Gracias Agustín .

[@TheSimArchitect]

People need to be motivated to work. They're motivated usually out of desperation. If too many people live a frugal lifestyle to save and work less, the ones in power make the situation worse for everybody and a frugal lifestyle becomes the default, therefore you can't save much further. Look at the inflation rates for essentials vs discretionary items. It's already happening with more people trying to live below their means to get out of the wheel. Plus you move from an abundance culture to one of scarcity. Here in The Netherlands you have to pay for ketchup, water and, sometimes, the bathroom (even at McDonald's). Then you may say people might stop having children. They come with policies to make it more bearable, so you only get that "extra money and time off work" if you have them, which translates not into them having more, but the ones without children having less than they would before as they have to make the situation worse to keep frugal people in the job market for as long as possible. Also, life is short. We live short term. Long term is important, of course, I am a cheap person saving as much as possible but out of necessity, not because I like living a lower lifestyle. I agree with you on avoiding plain waste but the fact many people waste means they put pressure on employers to pay them more, so the ones that don't waste that money get some fat to save. You can't escape poverty without more income. You can save as much as you want, if not enough comes in you can save 100% and live from sunlight, you will still not be rich. Maybe with luck you would have a nice sum after 50 years, but then you're old and it's too late to enjoy it and you worked for breadcrumbs and lived miserably anyways.

[@MarkMark-ji6ts]

The other thing to maintain awarness of is penny wise pound foolish. In the past I have been great with saving money and then buy an expensive toy that depreciates quickly. I am much better now as I ALWAYS pay myself first by saving. Stocks, Gold, Property, Cash and even some crypto. I jokingly say that my spending is on my savings budget.

[@Moniccamccarty]

Hey Austin! 😊 Great video! I really appreciate you. I am honestly trying to implement your advice in my financial situation. It’s not easy but it’s worth it. God bless you❤

[@ElAgustin]

There's no one size fits all equation to things in life, but we can learn from each other! Thanks for watching!

[@Moniccamccarty]

@@ElAgustin your right, thanks again Austin!♥️

[@av26]

💯true

[@turtleanton6539]

Great😊😊😊😊

[@DanDanjinkyDeerin]

To many toxic around to judge us and measuring..... remember all idiot people getting old for wrong advice....I like all your all vedios

[@stormr]

Great video. But for me catching non hodgekins lymphoma pretty much eliminated my future far as ssving my roth account and almost every dividend investment i had. Had to cash out all these years of savings just yo start all over again from nothing at 48yrs old. 😢

[@moz7173]

One of the Best decisions I have made, thus far, is to not have kids, for various reasons, including financial. Marriage is a Total drainer, don't do it, then your wife won't wreck your finances ! :)

[@TennantMary]

Austin Jesus taught we should invest and be a lender too.

[@archygrey9093]

$30 a week at the drivethrough is NOTHING for most people lol

[@eekeey]

Why did you call me out like that? I call my financial plan over the past 20 years "JTTW." More commonly known as "Jesus take the wheel." 😅 I just shrug and hope it works out. My parents left the country in my 20s and saddled me with a new condo/mortgage when I was making $9 an hour. Safe to say, it's not been going well. At least I'm trying, though.

[@commonsenseisntcommon1776]

Single, never Married, never will Marry, No CC debt, car paid for, just have a Mortgage at 2.25%........not bad.

[@flornavidad9771]

❤❤❤

[@cassandrab8452]

👌🏼👌🏼

[@ashog1426]

Im not in a bad financial situation but my expenses are too high....

[@anngrayson1482]

You ARE crazy but you are NOT stupid.😂😂😂

[@ElAgustin]

Very crazy!

[@A-Name-101]

Don’t get married guys. It’s a raw deal for men.

[@joycegonzales4994]

Pretty soon you won’t be able to keep count. Good job

[@____2080_____]

While I 100% agree with and live by the assessment of this video, I am nonetheless not ignorant of the structural treadmill that is our global S enslavement system that takes these normal habits of humanity where one does not have to think to exist. One does not have to worry about the abstract concept of central bank currencies in order to live. I am not one to fault the endless amount of humanity who will either have to slave or die in a system that is as corrupt as the day is long. I am a fortunate fellow, who knows how to adapt to the reality of my surroundings. However, I also don’t lie to myself and see the structural inequities that allows for elite people to destroy the lives of everyone and how totally the financial game of life is rigged .

[@erinbond6030]

“God helps those who helps themselves” is NOT the gospel message, lol. The Bible doesn’t say that. Still really like your content though 😉

[@jayyi6657]

Hey Austin, I loved ur videos but now it seems like u r talking about the same thing over and over in different ways. Think u need to change topic otherwise people starting to lose interest in watching..

[@smith3136]

Damnnn That's a whole lot of nothing. These are just common sense.

[@rnt45t1]

Another video where you say don't buy stuff.

[@spacecoastsportsleague]

I would date you!

[@avbrotune9024]

Funny boi, we here in Russia have none future, you tell us about mindset. Duh.

[@NovelNovelist]

Good video and points, although I will say that I don't believe most people are unfamiliar with the concept of wasteful spending or unaware that it's a financial problem if they're paying more for the same or worst product/service. I think more often it comes down to something else besides simple ignorance of the problem. For example... Parents taking their kids through the drive through to get chicken nuggets might... -be short on the time and energy needed to make chicken nuggets at home -not live near a grocery store that has them for sale frozen -be trying to give their kids a treat or particular experience that can't be perfectly replicated at home People buying milk and other grocery items at a convenience store... -likely live in "food desserts" without easy access to grocery stores or -may not have access to any transportation or -must rely on public transportation and not have an easy way to transport many items home from a grocery store People paying for a traditional phone carrier instead of a discount provider like Mint Mobile... -may not be able to get adequate service with the discount provider. I very much wish I could use Mint and save money, and I've tried it and others...only to have to go back to AT&T because the service in my area was so bad it was unusable. AT&T service is actually really bad here too. It's just a lot BETTER than the unusable service.

[@ackermack92]

Great points. I love the reminder that we have a lot more control about our financial situation than we sometimes think.

[@A-Name-101]

Don’t get married guys. It’s a raw deal for men.