Why Everyone SEEMS to Have More Money Than You

If it seems like everybody has more money than you, let me explain why it seems this way.
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Chapters
00:00 Start Here
01:04 Most ‘Rich’ People Are Severely In Debt
02:36 You’re Not Seeing The Trade Offs
04:08 You’re Not Seeing The Unfair Advantages That Led To Success
05:43 The Upward Comparison Trap
06:37 You’re Living Your Life Based On Someone Else’s Definition of Success
08:08 Wealth Grows The Most Towards The End
09:33 You Haven’t Defined Enough
Oftentimes when you look at your own financial situation and the financial situation of others, it seems like everyone is thriving while you're just doing okay. And although it seems this way, when it comes to monetary or material wealth, there are many factors that we don't talk about or don't recognize. In this video, I want to explain 7 reasons why it seems like everybody has more money than you and when you understand these reasons, you realize that you are not behind as you think you are.
1. Most ‘Rich’ People Are Severely In Debt
The reality of many people we think are "rich" because they have a bunch of nice material possessions is that they are not buying these things with their own money, but they are buying them with credit. Many "rich" people are just extremely irresponsible financially and buy things they don't need with money they don't have. A lie we are told about wealth is that it is a very visible thing; however, real wealth is invisible and often the people who look rich are not.
2. You’re Not Seeing The Trade Offs
Now, although many people who have nice things are in debt, some people who have nice things can actually afford them because they have an extremely high salary. However, there is a truth about high salary jobs that we often don't talk about and it is that there are many trade offs that come with a high salary like long hours, no work/life balance, and missing out on many things. Although we might get envious of people who have high salary jobs, if we saw the trade offs they were making, we probably would question if it was worth it.
3. You’re Not Seeing The Unfair Advantages That Led To Success
Les Brown once said, “Judge a person not by what they have accomplished, but what they had to overcome for their accomplishment.” The truth about life and success is that it is not a level playing field. Some people have more advantages in life and can achieve success quicker and easier than other people. When it seems like everyone has more money than you and is more successful, just know that we're all running different races and success is relative.
4. The Upward Comparison Trap
A huge reason why it seems that everyone has more money than you is because we often compare ourselves to people who are above us. We often compare ourselves to people who are at a different level in life and when we do that, we fail to see how far we have come and how much we have.
5. You’re Living Your Life Based On Someone Else’s Definition of Success
In the United States, we have a very set image of success that consists of status and possessions. Many people blindly pursue this image of success and are left unsatisfied when they don't achieve it; however, if we create our own definition of success instead of defaulting to this American image, we would most likely live much happier lives.
6. Wealth Grows The Most Towards The End
Younger generations often are critical towards older generations because they have more wealth and it seems like they had it easier. And although there is some truth to this, the reality of wealth is that the majority of it grows in the later years. Wealth compounds and grows in an exponential curve, but it doesn't grow quickly until late in the journey. Older people seem to have had it easier than you, but the truth is they have just had a lot more time to grow their wealth.
7. You Haven’t Defined Enough
When you really boil it down, the #1 reason it seems like everybody has more money than you is because you haven't defined enough. You haven't decided how much you need in life to be happy and when you haven't defined enough you end up focusing on what others have that you don't. When you haven't defined enough, you end up living a life of envy and jealousy. It is important to define enough, and once you do it, you will stop caring about what other people have.
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[@DavidCovington-st2id]

I wasn't financial free until my 50’s and I’m still in my 50’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

[@SteveDutton-v]

I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

[@SeanTalkoff]

Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.

[@tmer831]

How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

[@SeanTalkoff]

Well, I chose Sharon Ann Meny as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification.

[@tmer831]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@livingart2576]

I have 0 debt, an emergency fund, and a growing portfolio. I don’t drive a fancy car or buy fancy clothes. Took me until my 30s to sort myself out but I’m finally on track

[@justanotherpotato5523]

Congrats

[@ayoitskryptic]

Good for you bro

[@judicepresley]

Shout out to you🤙🏽

[@tritonh5683]

That’s what’s up. 30? Bro you early. Congrats.

[@tritonh5683]

Sounds like you don’t gotta wife and kids yet. Make sure your girl doesn’t change your ways.

[@lottaohlsson5018]

I look poor on the outside but instead I have saved a lot of money. I like to see how people judge and treat me. It's intresting.

[@Niery777]

I can relate to this feeling lmao, It's nice to be underestimated while, in fact, i'm in a better financial position

[@estereism]

It's sometimes difficult to bear the poor treatment that comes from looking poor. ...And completely different attitude when having an appearance that look more expensive. If I may ask, how do you deal with the judgement and bad treatment from others that results from your choice to not spend a lot of money on your looks? Standing out from the crowd can be tiring...

[@audreyandrea460]

Don’t lie or mislead, or misrepresent yourself, though. Miserliness is a vice. Being a good person counts, whether you’re rich or poor.

[@shubhadeepbala3468]

It's a good social experiment 😂

[@sargeatlarge24v]

I tell people I’m Cold, broke, and hungry daily 😂 or I’ll say I’m doing better then I deserve which gets the boomers fired up

[@consumerdebtchitchat]

I live in 840 sq ft. I'm a teacher. I drive a Corolla. I'm 57. Believe me, at times I think I'm so far behind people who live in nice houses and drive nice cars. Who have more elaborate careers. And then I remind myself, that I can live off of one paycheck so I can save the other. No one is destroying me financially. My career is solid. I will retire with a 30-year pension in 12 years. And I have family. So it isn't that bad.

[@TheFatesLieutenant]

Not bad, not bad at all! Congrats!

[@Emily3383]

Wow teaching until you are 70 sounds awful. (I'm a teacher)

[@asnmdnss]

@@Emily3383 ikr

[@rickyfarstad4197]

Corolla = stealth wealth

[@ignitionSoldier]

Right on.

[@mrgtmodernretrogamingtech6891]

"The price of anything is the amount of life you exchange for it." - Henry David Thoreau If you can afford all of your needs, can fund some wants without breaking the bank or work like a slave, and can afford to spend quality time with your family, friends or self... Believe me, you're more than enough...

[@Craig121000]

I already know that I'm wealthier than four billion people.

[@AlexClarkcompany]

Luckily, my spouse and I were able to pay off our mortgage early. We took the money we were spending to accelerate our mortgage repayment and invested it right away while we were both still working. We were able to retire early after accumulating what would have been our home payment for over 7 years and maxing out our 401K/403B plans. Thankfully, both of our parents taught in us the importance of living within our means.

[@BaileyJames-zv2ddd]

Investing without proper guidance can lead to mistakes and losses. I know this since I've been there myself.Seeking guidance from a professional is preferable if you're new to investing or don't have much time.

[@OscarOwenn]

Investors can have different investing results even with the best strategy and suitable assets. Understanding how experience plays a critical part in successful investing is key. Since I was aware of this, I consulted a market analyst for advice, which helped me build my account to about a million dollars. Having strategically cashed out just prior to the market correction, I'm now taking advantage of buying opportunities once more.

[@AlexClarkcompany]

How can one find a verifiable financial planner?

[@AlexClarkcompany]

I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@OscarOwenn]

Leah Foster Alderman is the licensed expert I use. Just look up the name online.

[@j.m.b5441]

Some of my friends think I'm broke, when in fact, it's the opposite..😂

[@migz_8894]

People assume I'm broke by my appearance. When I was younger it kind of bothered me. But as ai grow older I'm looking at it as an advantage.

[@chevofranco6085]

Let me fix this for you: some of my friends think I'm broke, when in fact.,,, I don't even care what they think., I'm happy with them they're happy with me

[@thomasokeefe3081]

Me Too.

[@j.m.b5441]

@@chevofranco6085 I couldn't put it better myself!! Exactly.

[@411sponge72]

Keep it that way!! Good idea!!

[@RaymondKeen.]

At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

[@Hectorkante]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

[@hersdera]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@SandraDave.]

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

[@hersdera]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@ashmeyer21]

Contentment is the secret to true happiness . Once you realize how to achieve that outlook you will no longer be burden with the expectation other have of wealth. Rather you will be able to find joy in your own unique circumstances.

[@smokeykitty6023]

I've found that I'm content because I don't care what others think about me.

[@rbnhd1144]

@@smokeykitty6023 I don't care either, its all a game to so many and they haven't a clue they are in the game. I care about my values, that's it.

[@emzywillrich7243]

My focus is on myself. I don't care what other people have. My focus is on having a quality life for myself.

[@princessdumbarton9877]

Henry David Thoreau - 'A man is rich in proportion to the number of things which he can afford to let alone.'

[@alanalbania5417]

Hb b

[@plappin]

Compared to the way most Americans lived only a hundred years ago, anyone today with air conditioning, a car, internet, and access to jet plane travel is living like a god. Comparison with others is tough to overcome but it helps to really sit down and figure out what TRULY makes you happy: it's probably not a second home or a faster computer (though who knows, maybe it is). Fact is we'll never know how much other people have in their bank account(s) without closely examining their financials. Let others do their thing and you do yours, that's what I say. Thought-provoking video as always, Austin!

[@ElAgustin]

Thanks!

[@sarahbannon4752]

I always say, I live better than Louis XIV!

[@plappin]

@@sarahbannon4752 Let alone Caesar!

[@I_NoahGuy]

Wealth is the money you don’t spend!

[@robertmorris2576]

My home is small but it is paid off. Have 💰 saved. I feel blessed. Great Video :)

[@Sir.YeetusIII]

congrats! Im trying to get there lol

[@truthaboutrealmoney]

constant regret (and not fixing it), envy and jealousy are one of the top reasons why people fail in life

[@RobertNight1]

I just want enough money to not have to worry about paying rent and food. I don't think it's too much to ask for the guarantee of my basic needs met and a place to sleep every night. Most other stuff I enjoy in life are free (sitting by the river, morning walks, etc)

[@tbarc1]

My monthly income is half or more than half of what most of my friends and acquaintances earn...yet, I have all my needs met and very, very few wants of which are simple wants as well. One advantage I have is more time...I'm retired. I use that time wisely! I can control my energy use, produce and cook all my meals, shop differently and more effectively. One thing that affects me in a detrimental manner is I'm not passing a grocery store daily on trips back and forth to work...but I also don't have the cost of daily work trips either AND I've adjusted my multiple shopping trips to be just once a month which works very well! A huge boon to me, is the fact that I still save $ and realistically there are months I am able to save more than I did when my income was much higher.

[@Jack_huntakilla]

Nice 👍🏾

[@tommyflorida9204]

Very true. When I was younger, you used to make those comparisons. Now those big houses and expensive cars don't attract me anymore. I'm just content with what I have accomplished and live with less doom & gloom.

[@oscargantes1651]

I think it's a common thing today that people pretend to have more money, goods and stable . There is a saying in Spanish: lujos vemos, deudas no sabemos- we see luxuries but we don't know the debts behind them. Saludos :)

[@testowykana1763]

I love the saying. Thanks for sharing

[@jayalexander3356]

There is a reason why envy is a sin. And I believe its at the root of the majority of our problems in western culture. People need to stop worrying about other peoples lives. I'm so glad I often heard, "mind your own business!" as a child.

[@zeekay9941]

Back in the 1980s, the average home cost was 2x the average annual salary. Today, that cost is now closer to 10x the average salary. Pension was still offered by companies and being in the work force for multiple decades has shown me that company benefits have dwindled significantly over the years. The basic principles you laid out are still relevant in concept, but it is now requiring much more sacrifice today for someone starting fresh compared to 30-40 years ago.

[@Nick-ue7iw]

Average homes were also only ~1100 sq feet, most did not have central air, and they had little to no insulation, along with small bedrooms. If you want that type of house today....thery're super affordable. What we considered acceptable has massively inflated.

[@chrischoy9]

@@Nick-ue7iwtalk to your friends across the ocean or down under. Developers are literally demolishing old houses and using the piece of land to build 4-5 tiny shoe box sized homes and selling it at ~$500,000 USD each.

[@bessieoriotis5104]

Austin we still have to remember that as you get older you may not be able to enjoy certain material things because you're a senior and have other needs that can make you happy. An expensive car as a senior may not mean a thing. 😮😮

[@backseateats9513]

I have 100,000 at 36 but I have nothing I been unemployed 1 year 😢 I lack balls and courage I have anxiety I can’t progress on life and I still live at home 😢 I’m a virgin and to top it off I have a 4 inch hard penis. 😢 not even handsome

[@deborahanthony3401]

Thank you for this! It really puts things in perspective. I have a great dislike for debt whereas some of my friends use debt to buy nice things and debt doesn’t bother them. They are great people but I just don’t choose to keep up. We still have fun together.

[@memelc5655]

My husband doesn’t believe me when I say that no one knows another person’s true finances! They look successful but could have a lot debt and no money

[@flohough1870]

I have this conversation with a friend of mine periodically too. One of my early jobs was in a bank and let me tell you, it was a real eye opener! A lot of fakery going on.

[@andra9694]

Yep which is most of the middle classes now, they lease a lot

[@lreeher]

A Strawman

[@mocheen4837]

I know most of my friends are multimillionaires and have retired at age 50. Unfortunately, I am still working and hope to retire at age 60.

[@ayoitskryptic]

People think I'm broke because I wear simple jeans, a simple t shirt and normal sneakers with an old apple watch. I have the same cell phone and drive a honda civic, but honestly I feel SO relieved that people think I'm broke, since almost no one thinks about takes advantage and sees me for me. I have a lot more money than I even know what to do with, but I choose to invest and live frugally with my parents and feel satisfied with that. People who flaunt their wealth are typically insecure and the opposite of welathy. The wealthiest people I've met and work for, dress simply and are SUPER cheap. I've found true happiness around the people I love and wish everyone luck on their journey to financial freedom, cheers.

[@annveronica7795]

In my culture, only a loser lives with their parents. Enjoy your "wealth" and your apple watch!

[@kylehackett162]

Get your own place dude. Time to leave the nest.

[@MrsMirandaWarren]

Loan me a million 😂😂😂😂

[@ayoitskryptic]

@@MrsMirandaWarren Going have to set the interest rate on that amount haha!

[@ayoitskryptic]

@@kylehackett162 I get this quite a lot, but honestly I'm content at the moment with my living situation. I can't complain at 25, if I get my own place I'll have less to invest. One day though once the interest rates start to settle down especially with the current inflation.

[@JoshFerguson-yd8gn]

I live in a small 2 bedroom house that's just over 700 square feet. My family thinks that I'm poor. Since I live in this house and drive a 2013 Honda Fit. While they live a "flashy" lifestyle of trying to keep up with the Joneses. I live a simple, frugal, and modest life. I only buy what I need and if something needs replaced. While they're retail shopping almost every weekend. After my groceries and bills are paid for each month. I save and invest the rest of my money. I keep around $500 in my checking. Just in case, something comes up or something happens. if they knew how much money that I actually have. They'd probably try to swindle me out of all of it.

[@rbnhd1144]

Nice one Josh, that's a great attitude, there is nothing wrong with owning a Honda Fit, its a smart little car, I think some people just have to shop to fill a void, its quite sad.

[@shondathomas7825]

I live in a modest 3 bedtoom 1600 sq ft home. It may not be much to someone else but I'm grateful for what I've been able to accomplish..and the best part, my mortgage is only $908 a month... I'll take that any day over some overpriced modern home

[@UTP504]

Good job, that’s awesome. You have everything you need and more💯❤️

[@shondathomas7825]

@@UTP504 thanks! 😊

[@laundrygoddess4]

1600 sq ft isn't modest where I'm from. Well done

[@ms1295]

Where do you live and when did you purchase your house?

[@dinagalall]

The timing of this video is insane. I was just talking about this with a family member. Super excited to watch.

[@ElAgustin]

Eyyyy!! Dina's still watching!!! Must be doing something right!

[@dinagalall]

@@ElAgustin Absolutely! Always!

[@samlipsit517]

Hate to be an bummer here but, older people had a chance to save… I’m in my 60’s , in the last 4 years I have seen a LIFETIME of increases in costs…. No matter what others have, my kids will never have the lifestyle I had or my parents… We all got screwed royally. My biggest bill just became food.. What does that tell you. Eating healthy comes a big monthly bill. The food manufacturers are killing us slowly with poisons in everything we eat.

[@circle4962]

I know this won't change your mind. I'm saying this for people who are on the fence about what you're saying. I speak up so that evil can be denied Your words come from a wicked mindset. The worldview that says "there's not enough" is an evil worldview. It denies that God exists. It forgets that Jesus is our hope and he never leaves us. Choose what is right. Decide to see the light. Your life will have enough when you deny your sense of self importance and deny your reliance on your strength. Trust instead in the fruit of life - Jesus.

[@M_SC]

A lot of it was the historical reality of WW2 and the aftermath. Things are different now and it’s not all people’s fault

[@tomelew8465]

​@@circle4962 This discussion is more about financial matters.

[@lreeher]

Exactly why you need to grow a garden, join a food co-op and barter and trade.

[@Nick-ue7iw]

Your kids can make more money flipping burgers then you made over the majority of your career. $20 an hour was a high wage in 1980.

[@lot2196]

I live 5 miles from a lake in western Ohio. There was a boat show last month that a friend went to. He reported that some dealers were offering 240 month loans. That's 20 years folks.

[@TheFatesLieutenant]

Bauz! Crazy!

[@MrsPamB]

😮

[@mph5896]

For a boat that can only be used 1/2 the year. Then you get to store it for 6 months.

[@EricDaMAJ]

I grew up in a very affluent community. I assumed everyone was richer than me. That was _mostly_ true. But quite a lot are living in debt to maintain a lifestyle and one paycheck away from bankruptcy. Not too long ago an investment firm CEO in my town caught the southbound train at the front end because he'd mismanaged his finances to insane debt.

[@vicpulido4345]

All true amigo!contentment comes not from great wealth but a few wants.

[@sabrinagonzalez1588]

Thank you for your videos, my mom frequently watches them and it has been helping her to stay more on budget. For this particular video, I needed to hear this as a reminder that my time is the most valuable thing I have and that I need to be grateful for what I already have. Too often I get caught up in that comparison trap, which in turn is really a waste of my time. Thanks for helping to turn around my day's outlook.

[@rtbear674]

"seems" I look broke, I have 1000 months of living cost saved/invested. I don't have any pressure in life.

[@victoriaespinoza1280]

This video came at the right time. Just yesterday, I was really sad, because I feel like everyone else is doing better than me financially. Thanks.

[@ALee-Acting]

Never become House/Car Poor!! .. They might make those payments.. but they are not able to actually enjoy life.... My car is getting paid for by an external income that I no longer work for... Never buy these things with your earned income!.. Let your assets pay for your luxuries

[@doreenlamothe9278]

Excellent video, Austin! I am 66 and we have enough, but we worked hard and practice all of the positive things you describe in the video - I wish I could get through to my 31 year old son!!!!

[@chrisbunka]

My definition of success is getting my Spanish to Austin’s level.

[@RoseBalerus]

As we witness the current economic landscape, it's becoming increasingly clear that we're entering a recession. These times can pose significant financial challenges.

[@TheDuke792]

Indeed, Recessions have a way of affecting people's financial stability and investment portfolios in profound ways.

[@JoshuaEdson22]

Speaking of financial stability, l've had the privilege of working closely with Eric Paul Elmer, a highly experienced financial advisor. His expertise has been pivotal in helping me navigate the complexities of economic downturns.

[@JohnMiddleston]

That's intriguing, l've been on the lookout for a financial advisor who can provide sound guidance during these uncertain times. Could you elaborate on how Eric Paul Elmer has assisted you?

[@JoshuaEdson22]

Certainly, Eric Paul Elmer provided me with tailored financial strategies that not only protected my investments but also helped optimize them during periods of economic turbulence. His insights were truly invaluable.

[@MichaelSaito-fq9gz]

Thank you, for sharing this valuable information. I’ll definitely explore Eric Paul Elmer's services. Having a skilled financial advisor during a recession can make a substantial difference in ensuring financial security and growth. I just checked him up on GOOGLE.

[@SYoung-sd4ub]

Thank you for this! People I work with that make the same amount of money I do have huge houses and 2 cars and I think "wish I could have that" and this opened my eyes. I live in a 1200 sf house and have a 14 yo car but I'm not in debt. I have never looked behind the scenes and realized they are big time in debt. I don't envy them anymore thanks to you. Muchas gracias!

[@xmaniac99]

Having time and being healthy is wealth.

[@willchristie2650]

Families with "old money" (earned and inherited by a previous generation) often live humble lives, Paris Hilton notwithstanding. It is often the "new rich" that love to flaunt it often in crass ways (athletes, actors, music diva's, for example).

[@b4ph0m3tdk9]

I am that guy driving fx Camaro, BMW Cabriolet and now an Audi A5, got a house by the sea. I am a software Solution Architct and DevOps. A lot of people would want what I got, but they never see the strugle, the constant learning, the very late nights and weekends, and the huge burden of responsibility. Also people do not have a clue about what I do, they ask why I get paid a lot "to look at a screen", that how far their understanding goes.

[@choosetoshine2610]

Congratulations! 100+ subs! Well done! ❤🎉❤

[@HerCupOfSIMPLE]

The trade offs.... so true! I learnt to choose my hard after becoming a mom and opened my eyes to the importance of investing in my own labor. Thanks Austin for this great reminder!

[@andyholder6039]

Being content with what you have that will save you so much heartache

[@MAMAGGray]

it starts with a job or cash flow, that's where i am now, still at step 0, i went through a long expensive illness with my mother and finding a way out of the 13 month mental funk and financial devastation is like trying to climb out of a deep dark hole. Now i am in reconstruction. I enjoy your videos, no body taught me how to spend money in classes in any school i ever attended. The funeral was almost 15 grande. Unbelievable! 600 bucks to drive a limo about a quarter of a mile. Funeral parlors have a way of getting you over a barrel! Health care is now a luxury item.

[@abrahams.lincoln6749]

Our buddy Austin dropping truth bombs. 👍👍🚨

[@platinumrockcleaning4740]

I understand I am in a unique situation. 0 debt! Already got a truck and house. No kids or wife. Turn 30 years old soon. All I can say is thank you God 🙏 for wisdom and knowledge. Blessings to all!

[@Victic005]

Very true. People are too stupid with money nowadays. But there's people who are actually rich.

[@autobotdiva9268]

We have a cousin that was decked out in fancy outfit at the family bbq, bling watch etc. YET their car got repod the next week and of course blamed it on "they lost the payment"

[@dsch2038]

Thank you for your videos! I have a situation exactly like you described. When my main work is temporarily on pause. Everyone around seems to travel and enjoy the beaches, brag about successes of their kids and it seems like nothing exciting is happening in my life. But at the same time I know the job and money will return to me, and now I am enjoying sport and a beautiful person who wants to be with me. We need to be thank for what what we do have and stay motivated. Thank you again

[@DesertMav]

At the end of the day, you have to setup realistic expectations for yourself. Unfortunately, the costs of everything have really prevented me from being able to buy my own home, but I'm still going to save up and hopefully I'll be able to buy a home when I am older.

[@AnaViolinViola]

Well, it's kind of true 😂...im in the low income bracket. But I don't worry because I don't need much and frugality is my best friend

[@Yeyos-om9xb]

Another great video chico!!! Thank You for all the information!!! Enough is enough!! 😊

[@fabuloushostess6171]

You have to find little things that make you excited. I've been on cloud nine all week because of my new kitchen backsplash. The cost was $200 to be happy for a whole week. My family has over $900k and yet it's something like a little bit of kitchen tile that makes us happy. Compare that to the people living paycheck to paycheck who buy brand-new BMWs and it's never enough for them and they're always stressed and miserable.

[@AntAntL]

I used to think I was financially behind. I used to believe everyone had it better than me. However, when I started to look at what I have/own, I noticed I was ahead of many of my peers/friends.

[@kortyEdna825]

I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.

[@KaurKhangura]

I only contribute 5% to get full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.

[@foden700]

My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.

[@PatrickFitzgerald-cx6io]

If I may ask, as in withdrew all of the money from the 401K and IRA programs? If so, what was your strategy behind that decision? Thank you.

[@foden700]

I learned about govt actions from cfp in ny by name ‘’Aileen Gertrude Tippy’’ . Ms. Aileen explained the benefits of long-term Treasuries and alternative investments, which the govt doesn't disclose.

[@PatrickFitzgerald-cx6io]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@kathleenepugh9495]

We are not the sum total of our possessions or money we have. The sooner you realize that, the better your life choices will be, and you will happily embrace ENOUGH when you reach it.

[@Final_Turn]

🌟 Very nice discussion I have subdivided my success as follows; 1) Relationship success 2) Financial success 3) Career success 4) Social success and likewise 👉 Failure is one shall not stop me enjoying success in other areas. Cheers ✌

[@gabrielayoung6357]

Needed this 👏 thank you for your content.

[@ifindmyselfhere]

This content was refeshing, I really needed to hear this. I've been self employed for 10 years in one field and I'm working to scale two new ventures, yet despite doing better than I've ever done, it doesnt seem like its enough. I've never thought of asking myself "what is enough?" I Find Myself Here - realizing that I have enough but I keep going for sport. Before, during and after having enough though what really counts is the circulation of wealth and opportunity. I'm grateful for all the help I've found in this video and hope to pass on help my own way too to those around me :D

[@laurarivera1225]

Muy buen video Austin, Gracias 👍🏼

[@ThirdEyeAwake]

I really enjoyed these last few videos you made for us little guys. Please keep making these types of topics!!

[@ralphw7454]

I’ve been told plenty of times that others assume I’m well off from the clothes I wear, but I don’t even have name-brand clothing. Most of my clothes I’ve had for six years. I ensure that I invest in good quality; I love fitted, just jeans and nice jackets, I love anything floral, and I wear primarily solid or monochrome colors. I don’t have LV or Prada or anything like that. I wash it with cold water and hang it dry. I take care of everything I own. My bad habit is that I tend to spend most of my money on traveling which is a perk from industry hook ups. But I work in the cheese & wine industry, so eating out or wine tasting is usually free from industry discounts. Yesterday, I got a notification that my student loans were dropped, which lifted an enormous weight on my shoulders! Take care of the things you have. You don’t need to buy everything new, but you should also treat yourself; make sure you take care of it so it lasts. I still have some debt from when I was a careless teen, but I’m working on it. I still have the same scion I’ve had since 2004. I’m currently at 3500 miles! 😅

[@Samuelchingron564]

Thank you Lord Jesus for the gift of life and blessings to me and My family $14,120.47 weekly profit our lord Jesus have lifted up my Life!!!

[@MarcSmith-iq5qh]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@Datavendor3]

Investing in crypto/forex is a good idea, a good trading system would put you through many days of success.

[@Deepisusanti]

Investing $15,000 and received $174,000

[@AndrewKlaus]

Same, I met Mrs Maria Davis last year for the first time at a conference in Manchester, after then my family changed for good. God bless Mrs Maria

[@MargaretGeorge131]

YES!!! That's exactly her name (Mrs Maria) so many people have recommended highly about her and am just starting with her 😊 from United States

[@ralphbernhard1757]

1) Don't try to keep up with someone else's "looks/image" 2) Eternally trying to "Keep up with the Jones's" will make everybody broke 3) don't spend what you don't earn 4) thank me in 20 years 👍👍🙏

[@dixiebell7011]

I don't worry about how others are doing unless I am in a position to help them. I don't know who said it, but compassion is a loss of joy. It is also worth saying we are all at different stages and have different ways to spend & save

[@Invest2impress]

Thank you for this 🔥 great video

[@TheFuzzyskwerl]

I’d agree with a lot of this. Feel like the more money you earn, the less you care about it and the more unhappy you get week in week out.

[@AmiraAmira-tx9hu]

your videos are really cozy and comforting

[@ElAgustin]

Thanks!

[@Revert2017]

I feel good one day. The next day, people at work are talking about some lavish vacation. I feel myself drawn to it. It is hard but it is fleeting. Then I see that I only have a house note and I am thrilled.

[@markoogle]

My problem is that each time I make a large financial jump I move to a much nicer neighborhood than the last time. So now the people I compare myself too are much higher earners. If I moved back to my same neighborhood of 11 years ago I would be the richest guy anyone knows and I would have felt “as rich as I am”.

[@madiel940]

Gracias chico nice information thanks for share 😊

[@JenevieBrown]

Thank you so much for your very informative video. You are certainly a very sensible young man.🙏🙏💋

[@Tsingtaoist]

There were so many points in your video that were super relevant (and not really spoken of). One point I’d like to make is that the company owner at a Financial Advisers firm I worked at he owned a nice BMW that was a few years old but had a private plate (good decision) but also that his son ended up becoming a fund manager which I was envy of. Now I see that although he worked hard, he always had a head start versus every else. Gracias señor ❤

[@theorganizedrabbit]

Loved the video!

[@TharsanJeyachandran]

Great ep

[@user-wp5qo6qg7q]

A lot of people are in debt really.

[@kallistoindrani5689]

"Why it seems everyone has more money than you" Because they all lie about it 🤣🤣🤣🤣🤣🤣

[@geb.9436]

very grounding. thanks for the reminder ❤

[@mr.terrible7415]

No. I'm just behind

[@thomaschew2191]

Our home is paid off for 7 years now, It is nice but not too crazy. We didn't take our finances very seriously but once our home was paid that spurred us to get moving on our overall financial situation. Paid off all of our other debt, put together an emergency fund and started investing seriously. We do very little "fun" stuff but we really don't need it. Saving is just as satisfying as spending actually more satisfying if you ask me.

[@wildesage4172]

Great video. One thing you came close to, but didn't say explicitly, is that when doing that Upward Comparison, we never do Downward Comparison. People rarely compare themselves to someone doing worse than them. We think 'Why would I compare with someone worse off? What good would that do me?" Well, it would give you a more clear and realistic view of your circumstances. Many people don't just compare up, they compare to the TOP. The 1%-ers. They have dreams of granduer. It's not a very realistic way to plan your life. You need to not just look at the top 1%, not just the top 20%, not just the top 50%. Look at the full spectrum of 0 to 100. Get a realistic idea of how you're doing. Then at that point, it's very important to do #7 - identify where in that spectrum you can consider yourself "financially successful." That's my thoughts, anyway. 😁

[@michaeltrujillo4567]

To me the most important thing is measuring how far you came and not measuring yourself against others financially. Like you said everyone has different starting points. Work hard and place your faith in God and I can assure you will live a fulfilling life. God bless you all🙏🏼

[@Sir.YeetusIII]

this was a good reminder, thanks!

[@TheSid2355]

Married with 3 kids (5,3,1y/o). Zero debt, retirement savings close to 7 figures. We drive 2012 and 2009 year cars. No mortgage yet. We are 34 and 35 y/o.

[@jodo7814]

Needed this video a few years ago but still an interesting watch. Side note it’s alway hilarious when I see a 19-21 yo driving around in a lambo like they’re hot shit knowing that they’re broke af college kids 😂😂😂

[@kimharris3322]

Great video. I live on one paycheck and put away the other. Totally content. Don't worry how or what anyone else has.

[@CountJeffula]

People have historically been rewarded by taking leveraged risks with housing. People living below their means in this area have actually given up gains with appreciation. While this may not happen into the future, it’s worth being honest with oneself about the opportunity cost of living far below one’s means also.

[@GnomeEU]

I know kids from my school who inherited a house and car at 20. Then ofc got married, cuz they had a lot to offer. If you're not that kid then yes, you're always behind.

[@masonalvarado6589]

I wear clothes from Costco, live in an inexpensive (kinda shitty) neighborhood, and have no debt beyond a mortgage and car payments (new cars are the one luxury my wife and I enjoy). I'm a cheapass when I buy things; I shop for things when they're on sale. We save over a grand a month after all our bills to put towards retirement.

[@flohough1870]

Great perspective! Something that is good food for thought too. Would you rather have that car and no savings...and when you are elderly having to make the choice as to whether or not you can afford food or medication.

[@davidguerra9896]

Life is hard enough as it is . Don’t get yourself it to debt and make it more difficult for yourself .

[@timelston4260]

The irony is that most of your peers think they believe possessions are not the true value of life, but when you keep your money hidden in investments and look like you're poor, they don't see you as a peer.

[@nagarcia76]

I rather be naturally pretty and poor rather than rich with plastic surgery. 😂

[@CareBlair222]

Me too.

[@fernandomescalito5307]

Liars

[@Lillith.]

When I look around I see people who do better and people who do worse. When I compare myself to my older brother he's slightly ahead, but that makes sense because he's slightly older. We have similar goals and our timelines are comparable. We discuss finances on occasion because it's a mutual interest. Last time we discussed how much we each invested and he was surprised I put away more than he did on a monthly basis, I wasn't, he was focusing on paying off his student loans, I don't have to. We have similar amounts invested, but he out earns me. My little sister won't catch up because she just doesn't want to put work into her financial future yet and just enjoy things while she's still young, so her portfolio is still empty while both her older siblings already started at her age and that's time she just can't get back.

[@jakmeblur_4858]

Well said

[@BrendaWheels]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[@ClaireHills-rt5lf]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.