Living Paycheck to Paycheck

[@Torgo1001]

A heavily indebted population is an easily controlled population.

[@tinashechikwanda9454]

Well summarized

[@stub4488]

It's working.

[@Evil-Rod-Farva]

I deal with this in corporate America. It is unreal how many of these people work in soul crushing roles only to go home to debt and a fat spouse. The best part of growing up poor is the absolute lack of caring about what I appear to be.

[@Dagrizzb]

One benefit to growing up poor, is that I am comfortable living below my current means.

[@Evil-Rod-Farva]

@@Dagrizzb same. I’ll never be filthy rich, but I won’t be a bum like my welfare queen aunts. The older I become, the more I realize that stuff is trivial and Cappy is on to something with hiking. We weren’t meant to collect trinkets. We were meant to get outside and move.

[@xxxBradTxxx]

I'm so cheap, my household income is $160,000/year, but I still drive my 2001 camry because it's so easy to fix.

[@Dagrizzb]

@@xxxBradTxxx you penny pinching bastard. How dare you not contribute to our overinflated economy and not pay for a newer vehicle that requires a dealership to work on it.

[@Navy35]

And when you grow up poor , you appreciate things when you do splurge occasionally

[@knote4958]

It's settled. Cappy is the Bill Burr of financial advice.

[@The_Natalist]

He kind of sounds like him doesnt he? 😂

[@southernsavage7273]

My best friend was drowning in debt living paycheck to pay check. I showed him how I payed off my debt and got him a job working with me making 25% more money… he bought a new truck 🤦🏻‍♂️

[@kwh6769]

Lol I did the exact same thing with my buddy who clears 10k a month but never has any money left over. I told him he needs to pay off consumer debt like his 30k car loan…he went and financed a newer version. Save your breath is the lesson learned here

[@SirWetBiscuit]

I'll work with you instead and actually save my money 😀

[@silentwitness536]

Some family members of mine is a money lender (loan shark). They have several pro footballers severely in debt on their books. These guys earn between 500k to 2 mill per year and are in debt. And cant get out. I'm talking a years salary in debt.

[@joemon7463]

Giving them a bigger shovel to dig a deeper hole

[@lucidberrypro]

RIP 🙏 ⚰

[@dirtydan1861]

I used to work in Miami in an engineering office with NPCs that were obsessed with brand names for everything: colognes, jeans, belts, leasing the latest SUV (not Rovers, mind you). I literally could not relate. They were semi fun to drink with, but that's about it.

[@rogerdautrive1319]

I swear Scottsdale and Miami share a lot in common.

[@KarlDahlquist]

I have been noticing at work the women virtue signaling by bringing lunch in a brand-new Lululemon or other brand name bag - along with the mandatory latest iPhone, apple watch, etc.

[@trademisconception9816]

@Dirty Dan. Would it be better if they were talking about leasing Rovers? Land Rovers are overpriced junk btw

[@kenrose2523]

"I used to work in Miami in an engineering office with NPCs that were obsessed with brand names for everything" That's indeed Miami in a nutshell.

[@Rocket9944]

I don't get the Rover comment and most likely they were Latino...

[@joshuahamm5911]

The thing I say to everyone who will listen: "It's not how much you make, it's how much you keep. Who is getting wealthier, the person who makes 140k and spends 140k or the one who makes 40k and spends 30k?" I hope my children, and other young people I interact with, are listening. I doubt they will, but at least they'll have heard of basic personal financial responsibility.

[@evanm2024]

Let's go even farther than that... who gets to retire first if their burn rate is only 30K?

[@oceanhedonist265]

@@Autonomous15 Depends on what you do with the spread 😉

[@charaznable9209]

Actually, saving money is a terrible idea right now with inflation. You are better off purchasing assets to hedge against inflation. It's obvious people who write comments like this haven't really watched Aaron for very long or studied business or anything. To quote Aaron, "Economics is not about money, it's about stuff."

[@azmodanpc]

Earn 20k and spend 10 / 12k. Save half and invest the other. Rinse and repeat. Some good will come out of it. Or you'll be able to afford some form of healthcare. And die less painfully than the bum across the street. FML.

[@Krash845]

As an HVAC mechanic, I would from time to time experience customers who complain how their heating bill is sooo much money and what can they do to lower it while living in a 5000 sq ft house. I would tell them move into a smaller house.

[@chrisjohnson3967]

I'm sure they took borderline offense to that very logical suggestion. Idiots. "I spend so much money on gasoline in my lifted 4 X 4 truck!" "Buy a smaller, more fuel efficient car." "Nah, then I'll have to find something else to complain about."

[@chrisjohnson3967]

@@ColonelHoganStalag13 You know what, you're right. People start throwing around numbers like that just to impress people. In the back of my mind I always feel bad for them because I know they secretly hate themselves and that's the only thing that gives them value. Know a gal, works like 80 hours a week for some finance department so she can afford rent in an expensive downtown apartment. Always talking about how much everything costs.

[@ChrisAthanas]

They could move to the cellar in the summer and then move to the attic in the winter. Problem solved.

[@TILLEYJS]

OMG. I live in a 920 square foot. Never understood 2-5000 square foot houses. Who wants to clean that behemoth.

[@ChrisAthanas]

@@TILLEYJS they hire a Mexican to do it. Cmon they are living paycheck to paycheck, remember?

[@josiah5776]

The most effective way I re-structured my life to spend less than I earn was to get rid of my wife and not bring in another woman. The moment she was gone, I almost instantly had three times the amount of money available than I did before. I discovered I could live very well off 1/3 of what I earned, despite having always been strapped for cash when we were still married. This is even with supporting a child alone. I buy what I need and don't agonize over new tile in the kitchen, the color of the drapes, completely renovating an already functional bathroom, funding laser hair removal or permanent cosmetic lip tattoos. Keep it single. Keep it safe.

[@main_stream_media_is_a_joke]

Couldn't agree more. These small needless home "renovations" I think give females their clitoris boner. And they just have to have them....to show their families/friends their "success". Not having a wife has serious positive benifits..... especially from a financial pov. Not to mention the mental well-being.

[@Lbf5677]

Wow those things are so insane she was spending money on

[@josiah5776]

@@Lbf5677 Right? My own fault though. Far easier to never let it get that far.

[@Lbf5677]

@@josiah5776 but they you'd have someone living with you giving you trouble for not paying for makeup tattoos. You'd convince yourself you'd get peace if you let her have them. Nightmare

[@josiah5776]

@@Lbf5677 Yep, nothing is perfect.

[@TheIronLiz]

I legit cannot imagine how people in debt (especially large balances of debt) are able to sleep at night. Why get out of bed the next day? It’s absolutely terrifying to me to even think of!

[@RRaquello]

@@ColonelHoganStalag13 Or four thousand dollars for a handbag.

[@rdtradecraft]

The RV in which I have been living for the last ten years started making a raucous noise that I could neither locate nor identify and broke down. I had to have it towed to the shop. The alternator bearing had gone bad(the noise), and the thermostat housing and coolant sensor were leaking like a sieve. You know what I did? I told the mechanic to take care of it and got a room at a nearby airbnb, which I could do because I have a 12-month emergency fund, which I acquired by saving money every month, thereby enabling me not to have to live paycheck to paycheck. Yes, I could have spent a few days repairing it myself and saved a few hundred dollars in labor costs, but it would have been a pain as I had no place to work on it at the time. They had it done the next day, I had the money, and just decided to let them handle it. No hassle, no stressing over the extra expense, no regrets for months as the credit card bills came in. Just took care of the problem. That's what not living from paycheck to paycheck gets you.

[@BENR8108]

The best thing my mother ever did for me (besides staying married to my dad and having a stable household) was “confiscate” my paycheck from my teenage jobs and force me to save and invest when I wanted to blow it on stupid stuff . It’s set my life and my own family up to success. I’m cheap/frugal; I know it. But my wife and I invest close to 55% of our gross income because we track every penny we spend. Doesn’t mean we are perfect or don’t waste money on stupid stuff occasionally. But we have a plan. And that’s the most important thing, have a plan.

[@donwayne1357]

Having a plan is step 1. Success doesn't come what you did last year or the year before, but what you did thirty years ago. Step 2. Learn to think rationally and not logically. Women will make decisions on what they feel, what they want, what they like. Don't be like them, think rationally. Step 3. Your biggest problem will be your attachment tendencies. Family, friends, peers, parents, siblings, church, organizations and clubs. All will suck your time, money, energy and emotion out of you. Build boundaries. Cut ties. Walk away.

[@charaznable9209]

So basically your mom taught you not to spend money so that you could let your wife spend it after she divorces you in a few years. Oh bravo what a big tough man you are.

[@slchance8839]

@@donwayne1357 this. I have a plethora of friends that are good people....but they add nothing to my life. They keep me status quo. If i improve or start something new....they are the first to tell me all the drawbacks and risks. as a result, I keep my time with them to a minimum and ALWAYS take their advice with a dash of "I'm not listening"

[@justinsidervag1643]

In general , i refuse overtime on weekends . One time the boss looks at me and says , " you're different " Really ? How ? He laughed , " you dont live over your head like the other guys , I got them by the balls "

[@77Tadams]

So true! I never took overtime. One afternoon my boss got irritated with me saying no to it. He informed me that people that take overtime are going to get raises. I asked him how much of a raise….and he said once the company starts doing better…..yeah. Whatever.

[@Toxic_Male_Minimalist]

I don’t live paycheck to paycheck. I invest paycheck to paycheck. I see my check and I immediately allocate it to my needs and then the rest to my investment portfolio. I’m comfy

[@dickweeeeeeeeeed]

I broke down main road coming out of manchester uk...while sat waiting for the recovery truck i was observing the cars passing by...mercs bentlys panameras range rovers...all new or 2 or 3 years old....ALL WITH WOMEN DRIVING EM.....and all were below a 6..there must be a ton of saps out there funding ``their`` womans lifestyle...blew me away

[@justinsidervag1643]

Got into a car accident few years ago. Ended up with 5k for truck and about 20 k for injuries . Guys at work advice : " thats nothing , all you got was enough to put down on a new truck " PUT DOWN on a NEW truck. I bought a5 k truck , paid off my credit card and put 10k in my savings . They looked at me like i just shit on the floor .

[@DasDutchman56]

I live comfortably because I'm debt free. My V.A. Disability and my Social Security is enough income to pay my rent, bills, food and a small entertainment stash. I also save 30% per month. My transport is an old Schwinn 10 speed and a 2021 150cc Motor Scooter. Winning !

[@GBU61]

My daughter is 20. She told me a few years ago she wanted a new car. I told her whatever she saved I would match it and then she had to present a plan to pay it off in less than 2 years. Unless crazy happens. She will have it done in 14 months.

[@Coastpsych_fi99]

I got my car for $2k and own it in cash.

[@marcuslong9761]

Seen this when i lived in FL. If you're making 70k-100k and still living paycheck to paycheck. You mine as well be making 30k, bc you're in the exact same place financially and doing 5x the work.

[@rdtradecraft]

Holly Crap, I just realized, my income is not even $30K per year, but my net worth is higher than that and I don't live paycheck to paycheck. According to this report, I'm in the top 20%. I'm not rich, but I am free.

[@directwaytofuture776]

+1

[@DDoubleDrew]

I make close to 6 figures and I live paycheck to paycheck ....because I contribute 33% of my income to various investments. Then with basically 20% going to taxes, medical, SS, ect. Over half of my paycheck is gone before I see a dime. Living off 45k a year is very doable!

[@joshuahamm5911]

If you're socking away 1/3 then you're not paycheck to paycheck. You are buying freedom, and it's expensive.

[@spaceork6973]

Similar. I max out 401k and HSA family max. It makes me feel like I’m earning less but it’s nice to see the retirement account balance

[@booneshow1863]

I agree. I make about the same. I have some investments, but most of the extra money I have goes to paying off debts. I only consume about 30k a year.

[@DDoubleDrew]

@@spaceork6973 People sleep on the HSAs! Gonna need that in retirement more than ppl realize! I definitely max mine out as a single guy.

[@glorgau]

Yep, that was what I was doing for the last 3 years.

[@Krash845]

As a young naïve man, I loaned a friend of mine money (a few hundred), I later found out he bought a jet ski, I don’t talk to him anymore but he had a bunch of kids he can’t afford, 2 of them with a stripper he met at a strip club.

[@booneshow1863]

Yeah, I helped a friend out once with money. I never loan money to people anymore after I got burned.

[@chrisjohnson3967]

Good, he got exactly what he deserved. It's amazing how short minded people like that are. "I can beat someone out of $20, but they won't let me borrow again. But at least I got the $20!" Idk if he paid you back or not but either way, good riddance. I don't even like having those people vent to me about their dumb problems.

[@Krash845]

@@chrisjohnson3967 I look at it like the movie “A Bronx Tale”, it cost me a few bucks but rather than tracking him down for it, he’s out of my life.

[@chrisjohnson3967]

@@Krash845 Sounds cliche but I always quote that movie in my head when I'm leading someone money. It's actually a very powerful move. I'll even hold people to it after lending them a single dollar.

[@silentwitness536]

I lent my cousin $1200 to pay off his debt so he and his GF wouldnt become homeless. Still hasnt paid me back a cent and its been over ten years. His son got tired of him and started working for me.He's earning 55k a year and plenty of my red pill advice. He's 22 and saving 40k a year. Nothing like his a hole father at all.

[@MrWaterbugdesign]

I retired 20 years ago at 45 without a huge pile of cash. I've funded this mostly by lowering my spending. I had no plan. I just happened to get pissed off at the cable company and thought "Can I survive without cable TV?" I wasn't sure. But then thought "Sitting on a couch 14 hours a day mostly going from channel to channel may not actually be making me all that happy." So I cancelled cable. Holy crap...more time is pretty cool. In the garden creating a Japanese style garden, writing software, remodeling my house and 2-4 hour walks everyday (I now get why dogs get so excited for a walk. Me too.) So I started looking at other things I was spending money on and wonders "Happier without it?" For the past 15 years my average total spend has been $600/mo. During those 15 years my central Phoenix home has appreciated an average of a little over $2000/mo. Phoenix property taxes have been about $100/mo ($133/mo this year). I self insure my house because I remodelled it and understand the risks. I've funded retirement most by living in a fixer home, remodeling and selling. I've done that 3 times and currently working on #4. However this time I may rent this house for about $1600/mo net and keep the mother-in-law suit for myself. I plan to move to SE Asia,. There's more to this...selling the home I live in allows for a $250k cap gain exclusion so I've kept my income below the requirement to even file Fed and state tax forms. Because my reportable income is so low I get Medicaid which I loved. No problem finding a doctor, $0 copay, $0 deductible and no having to deal with insurance companies...priceless. Now at 65 I get Part B for free and $0 copay & deductible. That's pretty great insurance imo. I haven't taken SS because I don't need it and I'd lose my sweet healthcare insurance. Remember Cash-for-Clunkers? That's when I bought my current car a 2008 Yaris. It now has 42k miles so that's about 3200 miles a year, about 100 gals of gas a year. And those miles include 3 trips around the west to go fishing and hiking. I don't think I could do this if I was married. Life is freaking great.

[@corybooker5332]

Hey. I live in Phoenix too. Can I meet you? I want to know how to get a life like yours. I doubt that I have the moral courage to do what you do, but if I can learn anything, I’d be delighted. I’m so fucking sick of the rat race.

[@TILLEYJS]

Great story.

[@Rocket9944]

You are losing a lot of money by not taking your social security.

[@Rocket9944]

@@corybooker5332 live below your means, it's not rocket science.

[@corybooker5332]

@@Rocket9944 surely, it’s not rocket science. I’m asking the guy for tips because we live in the same community. Thanks for the concern, Bud!

[@eloquentsarcasm]

The huge push for living life on credit is the bane of our existence. Can't afford it right now? Buy it on credit! End up paying twice what it would have cost if you'd just saved up and paid it off in full. Instant gratification, hell with the consequences. Never had a credit card, never will, If I want something, I save my money and buy it when I can afford it. Often times I discover that by waiting, I end up not really wanting it anyway, so more money saved. Started a new job 7 months ago, just broke 5 grand saved up, I live like a monk sure, but minimalism ain't so bad.

[@chrisjohnson3967]

I agree 100%. Credit makes people buy on impulse. I think one of the easiest ways to not buy something you don't actually need is like what you do, just wait. Like you said, you'll probably end up not wanting it after all. Funny thing, a few months back I had this sudden itch to start blacksmithing, don't really know why, just seemed cool. I did the research and figured out it would cost about $350 to get into with a small forge, an anvil, and a couple of hammers and tongs. Not a lot of money, definitely have it, but I had to clean out a spot for it. Need ventilation and an area where there's no wind or objects that'll catch fire. Anyways, this itch was real bad to start blacksmithing but I decided not to buy anything. A month, 2 months, 3 months went by. Ask me if I even care about blacksmithing anymore. Not even a bit lmao. And that would've been a decent investment, tools and knowledge to fabricate things is always good. Now imagine how people are with clothes and shoes. It's insane.

[@eloquentsarcasm]

@@chrisjohnson3967 Hah, oddly enough, my boss wants me to teach him how to smith. So I get to do something I enjoy, and it won't cost me anything, lol.

[@RRaquello]

The credit card is a convenience. I use one all the time. The key is paying it off every month. If you don't have the discipline to do this, then don't have a credit card. Also, paying it off every month tells you when you're spending too much. If I get a credit card bill of $1200 one month, I almost have a stroke. I say, "What the hell did I do?" I look at the bill, what I spent on what, to make sure I don't repeat the mistake. But, again, you have to have the discipline to pay the damned thing off EVERY MONTH.

[@michelhanson1500]

"Poverty is a choice" can't wait to for this one 🤣

[@munafo13]

I took my California salary to Arizona and saved $100k in less than a year. Increase your income, lower your tax liability, decrease your spending. Pretty simple concept…

[@ronaldmcdonald3965]

I down sized. Sold big house Bought 4-plex which earns me rent Live in 2 Bedroom, 1 BA apt. (all I need) in building 30 year old truck 17 year old used Acura Sedan Clothes from Costco Buy stuff from Walmart

[@assbucket6289]

28:00 I once heard someone say "if it floats flies for F's, rent it." No truer words have been spoken.

[@NattyGymBro]

This resonates so much with me and some of the people I know on social media. They're so caught up with trying to portray this lavish successful life, but in reality many of them are miserable.

[@dlaskey]

Disagree with not financing cars - My last loan was at 1.69% - I generally have been making 2.5% - 4% on my conservative interest/bond products. In the end I made more money investing what otherwise would have been a cash payment.

[@pattonknew928]

Love these types or video. I can't stand that people are so stupid with their money. Im not even a minimalist, and I still have my tens of thousands in cash no debt other than a mortgage on a affordable home for us, fairly new cars (nothing fancy but dependable ), a couple of soild 401ks. Am married with 1 kid so far. I still go out to eat buy nice food to cook, go out if we want (we usually don't want to), have big ass tvs electronics all sorts of nice shit. We still manage to have more in bank every month than last while funding our retirement. We both make good money not 6 figs but together more than that. These people are insane. If you have a high income you can have nice shit AND save and invest. Does every one of these idiots have a boat, truck and a Mercedes leased? Like shit I'd think you'd almost have to try to be broke if you you pull in over 200k as a couple.

[@jpigg86]

My parents raised 6 kids on one salary. Money was tight, there were a few hard years. I was never hungry, but I knew I couldn't have all the shiny things. I thank God I grew up that way. Learning budgeting and prioritization made me a stronger person and now I have a bit of money and am not scared to be poor because being poor is easy.... providing you do it right. Listen to A-ron Don't buy a fancy house Don't buy a fancy car Don't spend money on bullshit

[@RRaquello]

We had five kids in our family. Our next door neighbors had a lot more money than we did and had a swimming pool. We always wanted a swimming pool. But when I think back, a kid with a swimming pool doesn't want to be in it by himself, so he says, "hey come over. we're going in swimming", so we end up using their pool. We were in it just about as much as he was. So what the hell did we need one for? Just to say we had one? You don't always understand this when you're eight years old, so you want what the other kids have. Later on your realize it's all bullshit. The important thing is to one day progress beyond the mental age of eight. A lot of people never do.

[@TriforceOfTheGods80]

Forgot one thing, don't have children.

[@eliotness107]

Financing stuff is also a contributing to inflation. People keep buying stuff they cant afford with loans, so theres no reason to make stuff cheaper and better so people actually buy products. Idiots buy expensive shit all the time. Im happy driving my 10k dollar Kia. Great car, dont need any expensive stuff

[@jpigg86]

@@TriforceOfTheGods80 If your value is money then sure. But A-ron would say that children can provide meaning and purpose to your life..... And that ain't nothing.

[@Joe_Dirt82]

I spend money on things that make me money. Name brand work boots, work jeans, tools, and repair parts for my trucks. I also paid $100 for one truck and $800 for the other. I don't need dvd player, auto pilot, touchscreen new tech bullshit. I drive old 90s Chevys. Guys I work with like to make jokes bout it but I get to laugh when dude was sayin his big new Rams 4wd doesn't work because a light on his dash lit up.

[@ousamaabdu794]

Same here my man. I own a small owner/operator landscaping biz. I have a 1999 Chevy 3500 and a 1995 Chevy 2500. Best trucks ever made, parts are cheap, very easy to work on.

[@williambeuttel4208]

Aaron working on operation evil....how do I spend more than I make and yet get a handle on my finances? Donate all your money aaron and the finance spirit will let you win the lottery! I'm sold!

[@michealian2607]

The outcome is more important than the income.

[@cabragooncabulous4082]

No you were right the first time. You debts are your asses. Love that story of the insider

[@77Tadams]

I do think a new truck is good with a trailer if you buy it for your business. If it is under your business you can get credit built. You can refinance it after three years for lower interest rate.

[@whiterabit09]

Thanks heaps for suggesting nomad capitalist, it has pointed me in a completely new direction in my life.

[@silversurfer6758]

'Offshore Citizen' is a similar channel

[@LibertyDino]

These people and their status game. Just talking to them is so damn boring.

[@WarbirdPhoenix]

America: The wealthiest poor people on earth.

[@RRaquello]

In the words of Will Rogers, "America is the first country to go to the poor house in an automobile".

[@michaeldalton8374]

Man, there are going to be some upset folks when this market goes tits up. And it will.

[@nonameexplorations6143]

I don't think the xers and up really understand the cost of living increase that the younger generations are facing. I was talking to an gen xer the other day....he was telling me about how when he was going to college he worked at a grocery store for 25 hours a week to pay his bills while going through school....now you can work full time at a grocery store and not even qualify for an apartment....none the less survive. While I'm not denying that the older generations worked hard....but they had it much easier than we do....we have to work double as hard to have the same quality of life that the older generations had too

[@chrisjohnson3967]

Agreed, 100%. I think the biggest problem with their mentality is the fact that they still believe a person can work a normal job and live off of it. Yea, no. I know people who work in all different types of fields, all hard workers, all working at least 40 hours a week. Some of them come home after taxes, insurance, etc with $380 per week. What even is that? And these are people who already have bachelor's degrees. This is where the joke I always say comes from, "It's too expensive to work." Or "My take home pay won't even take me home." To be a productive member of society, that assumes that you have a place to live, food in your stomach, and most likely a car at MINIMUM. $380 a week just doesn't cut it. I don't think everyone should make 100k a year but nobody should be broke after working 40 hours a week. I get the argument about going to school and learning certain things to get higher pay, but that doesn't exactly help out everyone else. I was working at a place once and there was an internal job posting paying like $11 an hour. My co worker tapped on it and said, "and you wonder why people are on state assistance?" Oh btw, those generations definitely had it a lot easier. Most boomers if you talk with them, never even had a resume made up to get a job. They got paid the equivalent of $60k a year working what I would consider to be jokes of jobs. Everything was segmented back in the day. One person did one task. Now? Management screwed up so bad that they have one person doing the jobs of 4 people because they don't want to hire. I could write a book on this, seriously. And oh btw, entry level actually meant entry level. They trained people. Nowadays? Better off lying on your resume to even be considered for a job. Older people act like none of us want to work hard. That's not it, it's the fact that we were never even given the chance to excel in the first place. Over.

[@SirWetBiscuit]

That's basically what I did through college, but I have a roommate. I wasted basically all of my money on food while at work just to cope with my hate of retail. My car is paid off though and I don't really pay anything other than rent, car insurance, and my power bill. Which is to say it's totally possible this day and age, but I hated every second of it and college. Florida btw

[@chrisjohnson3967]

@@SirWetBiscuit Yea that's the thing. It can be done, you just proved it right here. Good for you for making it through and paying off the car! But it can't be a way of life, it's not sustainable. I know what you mean about having to cope with your job too. You end up putting more money towards coping with the stress from working. I did the same thing when I worked at a grocery store at the hot bar. It's a viscious cycle. My health definitely took a hit. I did the whole, live in a one room shack while working 12 hours a day but I would never recommend that to anyone.i hope people don't have to go through what I did.

[@451whitworth4]

My older sister said the same thing about my parents not understanding what "the younger generations are facing". That was 30 odd years ago.

[@slchance8839]

@@chrisjohnson3967 i cant relate to this. I'm a gen x-er who screwed up his life, so I worked for $475/week for 7 years about 12 years ago in dallas. I had my own apartment, no roommates, used lexus that was 16 years old, and went out every weekend with a $40/week fun budget. Big circle of friends, sushi club, greek food night, we went to st patrics day and fourth of july parades, jazz festivals, wine tastings, chocolate tastings, mostly free or under $10. I ate enough food to work out and put on a little mass. One job. Full life. About a decade ago. All it took was a budget and doing without extra crap. Now, I make 6 figures and know how to live cheaply, so I'm looking to retire much earlier than usual, while still vacationing abroad and domestic every year. .

[@g718ny]

One of the biggest problems for a long time is that most people in the USA love spending and look down on saving. Too many people are entitled and love going out and waiting in line to buy new iphones, PlayStations, Michael kors and coach bags, new shoes, etc. Its also apart of the culture on tv. Ppl worship those who have a large mansion with 5 expensive cars when it was them who made that celebrity rich. Same with people (especially girls) who refuse to learn how to cook and rather eat out all day and then wonder why they are so obese. There's a time to save and there's a time to treat yourself.

[@BdDaBOMB]

May goals deter the spoiling of self

[@blackwolf340]

Cappy the G.O.A.T means greatest of all times

[@L8NiteCoffeeSips]

I was born & been working since I was 14. My parents were too broke to raise me & mom annoyed the shit out of dad that he decided to leave. Mom worked mindlessly 2 jobs to raise my bros & me. I’m glad I stumbled across your channel..

[@h-therearethosethatcallmet684]

Welcome to the party.

[@andrejfillo]

This is one of the best video of Cappy. It's feel like motivation again consumerism.

[@Cyber-Rain]

Goat = greatest of all time. G.O.A.T

[@andreasasatya9188]

GOAT = Greatest of All Time

[@davymac92]

Yes, you can look up if a house or property has a mortgage on it. It is a public record.

[@nateradcliffe9562]

I play a relatively affluent sport (hockey) but I can afford to play using used gear on an app called sideline swap. Paid off Toyota Corolla 90k miles. Make 50k a year but I maxed out my Roth for this year already and it’s January. It’s actually easy to do

[@TheSilvertrigger]

What about all the millionaire athletes that have to make it rain money 💵 and wind up blowing through millions in a few years going broke??

[@TILLEYJS]

I've had several gfs confused by my bank account and rusty trucks that I drive.

[@Rocket9944]

Why are you letting girlfriends see your bank account

[@TILLEYJS]

@@Rocket9944 because I don't bullshit people. It's fun to watch them try to tap into it.

[@tinashechikwanda9454]

That's noble. Good life to live

[@Rocket9944]

@@TILLEYJS . Huh, just because you don't let them see your bank account does not mean you're bullshiting them, it's none of their business.

[@TILLEYJS]

@@Rocket9944 uh huh. Ok. Sure sure. You live your life the way you want to.

[@MA-wq2ih]

I remember the Sharper Image catalogs from when I was a kid. They went bankrupt in the mid-90s, though I think somebody bought the name and restarted it for a while.

[@Torgo1001]

I remember The Sharper Image, Spencer's Gifts, and Hammacher Schlemmer.

[@slchance8839]

when i was a kid and saw that catalog, I thought "when I grow up and become rich, I'm gonna buy everything in this catalog." I thought the stuff was SOO cool. I look back now, and the stuff just seemed like overpriced garbage. I guess that's kinda the point of growing up: you stop being childish.

[@markryanplatypus]

Love this channel. Always on point

[@alexandrawinner6081]

I agree but the real way to save money is to buy assets. Have 6 months worth of liquid money, and put the rest into assets otherwise your money will just lose value.

[@valerianotval9154]

Her name is Consuela.

[@joelover2631]

Thanks for the healthy meal of reality boss, much needed.

[@erickelkenberg6440]

Budget, budget, budget... the problem is the wrong jobs being subsidized, and prices going up while at the same time the dollar value going down. It's not because I spend too much and you know it

[@harlan4216]

Aaron, the reason rich people don't pay cash for their 100k cars is because they know how to make more than the 5% interest they pay on the car note. They'd rather use that 100k to buy something that pays them 10%. It's stupid to pay cash for a 100k car that makes you 0 dollars when you can take a loan out and make money with the money you already have.

[@critterdude311]

It’s stupid to pay 100k for a depreciating asset (liability). Dude bros who think they ‘know’ how to make 10% on their money, regardless of market conditions, are in for a rude awakening.

[@thelonesquid7886]

It’s nice to have nice things. But there’s a difference between getting a new iPhone vs getting a new 50k suv and monster house. I have no house or car payment. I keep my electronics up to date and that makes me just as happy

[@Coastpsych_fi99]

I don’t mind splurging on things that cost $1k here and there but a really average new car can cost like $20k-$30k. That’s ridiculous.

[@psp4150]

Best video I’ve seen on debt in awhile

[@vicmarc4984]

Video about excess and unnecessary spending, nice. Would like to hear more about environmental impact of waste spending, junk, carbon emissions, etc.

[@adamheat-re1dw]

I don't understand my co-workers, I know how much they make, they got mortgage, a baby, crazy student debt, trips to disney, how do they afford it?! It has to be all debt. They have beautiful wives that seem to really love them though....

[@kenshinhimura9387]

Dude I don't even have a job right now and I still have money in the bank because I refuse to spend it on anything that isn't food or gas. I feel like if I even made $50-$60k a year I could easily become rich from investing and not spending my money.

[@kenshinhimura9387]

If I made $325k a year I would still have at least $300k left at the end of the year. The only thing I spend money on is gas, food and maybe 1-2 video games a year and my bills of course which I hardly have any of.

[@sanchozarchicha1064]

If you made 300k you’d find a way to spend more trust me

[@slchance8839]

if you made 324/yr, in that tax bracket, you'd be left with 243.75K/yr minus the 25K you say you'd spend anyway, meaning you'd have 218.75K/left at the end of the year. the taxes feel brutal in the higher brackets

[@oneeleven9832]

I made a comment on a video the other day…and someone pulled me up on my use of..there instead of their 🤷‍♂️…my answer was i retired at 46 so I guess it didn’t matter…people worry about things that really do not matter 🤦‍♂️…to me getting massively in debt to say you have a degree is a badge of stupidity in most cases…

[@free-domechaser7461]

To win you have to own everything

[@BdDaBOMB]

balance sheet

[@spaceork6973]

Consuela. With her son diabito

[@RRaquello]

My father, who could afford a new car (in his later years, anyway) used to always buy old cars. When we'd say, "What about air conditioning?" he'd say, "You want air conditioning? Roll down the window". When I bought my first car, it was used and cost me about $3000. I had the money, but I took about a loan anyway. It was psychological. I just couldn't get myself to depart with $3000 in cash all at one time. It made me too nervous. I figure now what I paid in interest was just the "nerve" tax. I was young at the time.

[@11Bravo84]

Another classic 👍🏻❤

[@chrisdavison297]

Thanks. I can save almost 2k a month and I was considering a car payment on a new sports car. Forget that. I can better leverage my savings.

[@xxxBradTxxx]

I park my shitty 20 year camry parked in front of my house in my suburb. I've turned my garage into a wood shop/gun cleaning area.

[@tinashechikwanda9454]

Are you making money out of cleaning guns and your wood shop?

[@xxxBradTxxx]

@@tinashechikwanda9454 I haven't started selling anything, I need to get a laser cutter instead of the scroll saw because the scroll saw eats up blades like no tomorrow. I only clean my own guns.

[@tinashechikwanda9454]

@@xxxBradTxxx Thanks for the response.

[@xxxBradTxxx]

@@tinashechikwanda9454 I'm thinking of getting an FFL so I can start selling guns out of my house. But I also don't want the ATF to snoop through my stuff.

[@tinashechikwanda9454]

@@xxxBradTxxx thats a really good idea. I think that's a viable business..

[@eigelgregossweisse9563]

Was gonna buy a 27,000 2020 Yaris, and still thinking about it, due to the mere whim of loving the rally one... but, glad NZ's consumer and finances loan CCCA act stopped me. Hahaha! That's good. Some countries, the finance companies stop you from being stupid.

[@skywalkershaun1]

The only problem I have when it comes to spending money is knives and guns. Although I have yet to lose money on a purchase after I resell.

[@ra803g6]

Goat= greatest of all time

[@WilliamMartinez-vq2bn]

My gas and electric bill for june was 65.00. Jesus said waiste nothing..

[@HadouGun]

My ideal would be to just have assets that generate more than I spend on living and all the things I'd want to buy (mainly just PC parts).

[@deadman12078]

Can't disagree. Had a perfectly good couch sectional with a love sear and hasket. Omg need to get rid of and get a new couch snd chair and a half. Then on top of it need a $160 area rug. So... $600 couch, $350 chair snd a half and another $150 in covers. Now we have furnature no one uses...

[@stevemerica8160]

Masters in missionary work a girl told me lmao

[@EvernhamNo9]

“Escuela” Top kek

[@ChrisAthanas]

Cappy you are dealing with the Bernays marketing juggernaut spending billions a year to prey on peoples unresolved traumas and insecurities. It's sick and disgusting to abuse people who have zero defenses against it.

[@AB-fq4mr]

I made $15,000 last month and bought a $17,000 Hyundai. Happy as a pea in a pod with my car. My best friend makes $16 an hour and bought herself a new Acura SUV with a $600 payment. She makes fun of my non brand purse all the time too but the joke is on her broke self. Next stop is to buy my forever home and to pay it off before I’m 40.

[@redrustyhill2]

What do you do to make that much? If I made 15 grand in one month, I'd have 14k to invest

[@AB-fq4mr]

@@redrustyhill2 I sew curtains self employed

[@KarlDahlquist]

lol. .that Sharper Image catalog! luxury crap you didn't need.

[@vicmarc4984]

Cash is NOT Money, it’s a (private) IOU and legal tender. It says “Federal Reserve Bank” on it (a global private entity). Money is gold, Bitcoin, and and more Bitcoin. If you’re not saving REAL Money, I guarantee that you’ll get totally crushed by inflation and depreciating value of your labor.

[@redrustyhill2]

Bitcoin isn't money either, it's numbers on a stupid computer screen.power goes out, your screwed. Send bitcoin to someone or some organization the powers that be don't approve of, your "money" is frozen.

[@BdDaBOMB]

Land too

[@AlexKS1992]

Cryptocurrency is BS and only chumps believe in it.

[@Ja50nkAt]

If you take out a loan for a 30k car lets say, and your interest rate is 3% and inflation is 10% then the debt is decaying at 7% a year. If you can pay back the loan 3x times over is it still a bad idea and can you still not afford it or are you just choosing to invest the cash elsewhere?

[@ronaldsuarez6389]

Po No Mo

[@aloha204]

And there was no room in the dam garage because they have so much shit

[@agentm83]

check out some of the luxury condos in Bangkok etc, some are swanky af.

[@lucidberrypro]

"Well strap on some fake nuts so I can kick you in them 😐" - Cappy 2022

[@christofl6523]

Why pay cash for a junker that needs repairs constantly and needs to be replaced every few years when you can lease a brand new vehicle that is under warranty the whole time you have it and you get a new car every few years? You are paying the same amount.

[@RRaquello]

That's the argument, but I found it not to be true. I've owned old cars for years. I found that, generally, you'd have one big repair a year. Say, you need a new alternator, or to re-do all the brakes or a rebuilt transmissions. Say that repair costs 700-1000 dollars. That's two new car or lease payments. Then the rest of the year is free. You may have some more minor repairs, but those hardly change the equation, and some you can fix yourself. The main thing you're getting with a new car is comfort and convenience. If you can afford to pay for that, fine. If not, you can get by with a cheap old car.

[@christofl6523]

@@RRaquello I used to drive junkers for years thinking I was saving money but found I wasn't. After leasing a new truck not only did it not cost me more but I got laid a lot more as well. LOL

[@RRaquello]

@@christofl6523 I have a brother who always leases his cars, so he has a new car every two years, which is nice I admit. Me, I always have old cars, though not necessarily junkers. The difference is he made about $50K more a year than I did, LOL. He can afford it and anyone who could afford it, and wants something new, should get something new. That's what the money is for-if you have it. Me, I get by all right with the old cars. It's not a big thing in my life to have a new car, so I get the best that is reasonably affordable and go with that until it dies a natural death.

[@redrustyhill2]

"You will own nothing and you will be happy". I do my own repairs and it costs very little. I own 3 "junker" pickups I paid cash for. I own several others that aren't registered that also paid cash for. They have value meaning they are an asset. I have matured past the point of needing a new shiny vehicle to "get laid" or impress people I don't even like. You pay all that lease money and it's 100% gone. I paid 11k for my 95 Silverado 20 years ago. It's lost 60% of it's original purchase price but I own something that still has value and that Chevy has transported me from the Pacific to the Atlantic and back and many places in between. Oh, I've gotten laid IN that thing many many times. You leasers are fukin idiots. You are exactly who that quote refers to "you will own nothing and you will be happy" but the rest of that quote should be "......because your a damned idiot and we are even happier to now own the money you pissed away on leasing and renting as well as own the property you have been leasing and renting" Morron

[@Rocket9944]

I can't understand half these comments.

[@voidette7929]

you have a good voice to play ghostface

[@pirategirl94best]

Has anyone enrolled in any of these courses and could give a quick review?

[@ErickaWilliamsCC]

So you turned into Dave Ramsey now.

[@tinashechikwanda9454]

I was gonna go with Rabbi Daniel Lapin 🤣🤣🤣🤣

[@JosephCMiller]

Consuela!

[@CoffeeAndBusiness]

First time listener. How do you feel about taking out mortgages for investment (rental) properties?

[@BdDaBOMB]

Cash on cash?

[@sergeybobkov951]

I have two homes, 2 cars, 1 daughter, and I am certainly living paycheck to paycheck. Why do I not give a fuck? Because I am in debt up to my eyeballs for low APR and inflation is double digit, so I will be paying back with future cheaper dollars. Hurt now, be a king later.

[@redrustyhill2]

Debt can be used to ones advantage. Most "experts" giving advice to stay out of debt don't realize that there are different kinds of debt and that the mega rich use "debt" to their advantage to avoid paying 30% taxes.

[@erikvanbrussel5304]

15:55 Consuela

[@main_stream_media_is_a_joke]

Anybody here who is into cycling? Any suggestions for a good hybrid/gravel cycle? I can't believe the freaking prices of these "entry level" cycles. It maybe that I need to reorient my views about these prices. Any help would be appreciated.

[@stringsofair8039]

Good is subjective, especially with such a wide variance in how much you might or might not use it, and the type of trails & roads around you as well as how long of a ride you will go on, your "ideal" options can really vary greatly if add in factors like your age and fitness level. I'd personally recommend not spending less than $1,500 on the bike itself, then maybe another $100-200 on a good saddle (Selle Anatomica makes good laminated leather saddles in the US that don't need to be broken in). Another few hundred on clothing and necessary accessories (quality bike shorts that you wear direct to skin with no underwear, even if you wear baggy shorts over them it will make a night and difference in your comfort) If you are somewhat fit and will be riding mostly flat trails I'd highly recommend a singlespeed drop bar disc brake bike, easy to maintain, durable, simple, and it can teach you good cadence practice. Otherwise a geared drop bar Cyclecross or Gravel bike should do. You really can't cut corners on cost as sub $1500 bikes will likely cost an arm and a leg in repairs and upgrades if you start using it a good bit, especially if you don't maintain it well.

[@main_stream_media_is_a_joke]

@@stringsofair8039 Thanks for your response. Really appreciate your take. I am quite physically fit....have been excercising, lifting and cycling for years using a basic 21 speed steel hybrid ( I can easily do 60+ Kms 2/3 times a week on decent quality roads). I wanted to upgrade to take the cycling to about 120+ Kms and so was checking out bikes and prices. I think these new alu alloy cycles with gravel bike geometry and relatively slick tyres will be perfect but it's the crazy high prices $1500+ (imo) that have stopped me from pulling the trigger. My current hybrid is well maintained and is still in very good condition (got it in 2011 for around $200....it's a decathlon model)...hence the jump to $1500+ seems difficult to digest.

[@h-therearethosethatcallmet684]

Wait for the college kids to finish their term ... You can get great deals from them selling stuff before they go home for the Summer.

[@monsieurturgeon4236]

ah ah ah!

[@RossMadden]

How many hours are we supposed to work per day? I work man ass off for 10-14 hour everyday except Sunday. A second job is not possible. I make 60k and save about 15 k that I reinvest in my beef farm. You sound like a boomer who doesn’t notice any difference between $400/ month rent and $80 grocery carts vs 1600/ month rent and $200 grocery carts. “Pick yourself up by your whities, stop buying golden nikes. You gotta work 6 jobs millennial and stop complaining about not getting enough 11th place trophies derrrrer. Still liked the show, just don’t think it’s easy to spent less these days.

[@BENR8108]

Inflation is a you know what… You are doing well with savings with your current level of income. Well done. You want to save more? Cut costs to the bone (easier button) or begin hunting for a new job. Right now is the best time for someone to increase their income. Businesses are DESPERATE right now for competent people and will pay you well. Keeping grinding and best of luck.

[@redrustyhill2]

You apparently missed the part where he said he is a farmer. One can only cut costs so far in an economy where necessary supplies for a farm are getting higher every month