Overspending Is Spiraling Out of Control...

[@jjbuckner]

► Sign-up for Public for The High Yield Cash Acct and to Start Investing: www.pqr3ntrk.com/7P4RRF/J8P3N/

[@landonbrown9943]

Golden rule of life. 1. Get you a valuable skill or trade 2. Live below your means 3. Budget your money 4. Save your money 5. Stay out of debt 6. Invest invest invest

[@elizabethgrant1155]

There is such a good thing as good debt (debt used to invest into a business that has a reasonable chance of success, a home, maybe student loans depending on what you choose to study and how much debt you have to take).

[@Thebignagro]

​@elizabethgrant1155 that sense of leverage has potential risk, I live a life where I owe nothing to nobody never a slave to the lender and do things whenever wherever and with whoever I want, that lifestyle is way better than to leverage 200k and make 7.5 percent more...... potentially

[@pabloc.5186]

7. Look directly at your problems. Don't avoid them, be brave, look them straight in the eye, and confront them. You'll save yourself from a LOT of anxiety, amongst other issues.

[@LegendaryJae213]

​@@elizabethgrant1155if it causes you to have the potential to never pay it off. It's not good. Not having debt allows life to happen, life happening while I've been giving my money away to homeless, charities, and my coworkers and friends who needed it. I've been broke due to the debts I have. Yes, I could've lived better. But that's a personal disagreement

[@Youtubeispoo-o6d]

The emphasis should be on a trade. Tradies are somehow looked down on, yet everyone needs a plumber when the poo comes back up.

[@alexquinton5462]

People need to change thier mindset from “I deserve this” to “l EARNED this”.

[@MotionWithCharts]

Facts, that shift can work wonders!

[@JAM661]

Yea this idea I deserve everything just because I did not ask to be born gets a little tiring. I find it interesting how people all over the world want to come to the USA to have a better life and with hard work they do pretty well. Then you have American whining how this is the worse country in the world when they have barely left there town let alone see how the rest of the world looks like.

[@thomaschew2191]

I have a friend he and his wife make almost twice as much as we do. They have a bigger home, two new cars, vacations overseas. He needed to repair his central air, instead of a $1000 fix, cashed in $25K from his 401K for new system, put in a new liner in his pool, $10K, had a pro paint the inside of his home $6K, all in 2024. He has $550K in debt we have no debt paid for home, more in our retirement accounts than he has in debt. But I'm the dummy.

[@missmadelinesadventures3278]

Sounds like you know way too much about their finances 😂😂

[@kempolar9768]

​@@missmadelinesadventures3278the type of people who make that sort of dumb choice are usually the same people who talk about it weirdly openly. Just being in proximity of those people you learn way more than you think you should know.

[@Rico401Prov]

Yes you are dummy because life is short

[@EvenningASMR]

I can confirm, you are not the dummy. Debtors envy is real lol. When you're 70 living comfortably with everything you ever wanted. They'll probably be divorced and he'll be asking to live with you, because of the strain this debt put on their relationship, coupled with having zero money for retirement and garnished social security checks.

[@zombieapocalypsexx9253]

He will be dead in 10 years after massive debt with massive stress n health issues lose everything. Even smarter

[@cjhoward409]

We took a DAY vacay. Left our house at 6 am… got back home at midnight. Saved $200 not getting a hotel and we brought all our snacks and drinks for the car ride. Ate out at one restaurant. We shared a meal and shared an appetizer. Got water only. $15 ! 😂 And our car gets 44 miles to the gallon. Lots of fun

[@18aplateindoors]

That sounds like more stress than a “vacay” but maybe I’m crazy

[@cornellcornell1]

Sounds miserable

[@CosyKitty]

This sounds amazing, don't think I'd be sharing a meal, but everything else sounded like a cute getaway💖

[@elizabethgrant1155]

Good for you! Doing what works within your budget that still allows you to enjoy your life and the people you love is what matters.

[@Rico401Prov]

I don’t know about all that, Margaret

[@Giggiyygoo]

Bought a 900 sq ft house in my 20s. Stayed there after I started a business and was making a couple hundred grand a year. Good thing I did, my business went under after a few years, and if I had moved into a big mcmansion, I'd be screwed. You never know whats gonna happen.

[@singingchristian]

Ooo. 900 sq foot is like a mansion to me. Got my 600 sq foot home at 26 for $150K. To get 900 sq foot in Florida costs about $300k.

[@gr8myndmuzic]

Consumer Addiction is REAL

[@cjhoward409]

@@Tater-Skinz The cure is common sense. We’re not minimalists and we have zero debt. And we save every paycheck.

[@slchance8839]

when you call it an "addiction," you make it seem like it's someone ELSE's fault, like "I want to quit heroine, but i'm chemically addicted, i get the shakes and sweats and it's impossible without help." Consumer addiction is not an addiction, it's childish behavior of "i want it now and i dont want to wait." it's a quiet tantrum.

[@gr8myndmuzic]

@when has an addiction ever been someone else’s fault? It’s sad once someone becomes addicted to something and loses control, but it’s never someone else’s fault, it starts with them engaging in it in the first place, but just like how someone can get hooked to drugs, they can get hooked to consuming/spending. Some call it retail therapy, they get a dopamine rush from buying things. It’s REAL, there’s levels to it, but many need help/intervention.

[@KIDROCK-oq7um]

@@slchance8839 you are sooooooooooo wrong consumer addiction is a thing, ask my ex wife. Hell ask any physiologist. Madison Avenue depends on it.

[@Mavryck_Tha_Myghty]

Pair that with an devastating lack of financial literacy and a victim mentality then BAM! You have a perfect storm for perpetual poverty.

[@robertortega101]

I treated myself with wool socks, thermal underwear and thanksgiving dinner for family. Other then that, I'm good without all the other stuff

[@matthewhoover6154]

80% wool socks are on my list this year.

[@magicjohnsonsmagicjohnson]

Dude, you gotta get that frivolous spending under control

[@smileychess]

The more I’ve made and older I get, my lifestyle has creeped DOWN. I’ve bought nice things only to realize the dopamine wears off fast. No more.

[@cchaffincc]

Good socks are worth every penny and last for years!

[@Karmin19991]

saves money on not cranking up the heat - a win

[@cjhoward409]

When I was in high school back in the 1980’s 😮 we had a semester we HAD to take all about finances. Banking, investing, saving, budgeting, etc etc. Now… my parents taught me much of that already but not everyone has awesome parents like I did, so I think schools need to teach this !

[@Jennie-nq9ih]

We have a friend couple who make 3 times what myself and my husband make. We are the same age. We are retired, they are not. They want to but are scared to. We live in similar size homes, our home is a decade newer, we have several acres and they have a regular city lot. We also own recreational property, they "own" a timeshare. We have an older used boat, 4 wheelers, snowmobiles, travel trailer, and drive used vehicles, without loans. They drive 2 new vehicles with that have loans. As soon as one vehicle is paid off the other buys a new vehicle. We go camping on our vacations, they go to Hawaii, Vegas, Cruises, and to the timeshare 2000+ miles away. Our home was paid off 5 years before we retired. They just paid off their home by selling off shares of ESPP stock. They are the epitome of living large, we live much more humbly then they do, guess who worries about not having enough money all the time? Them.

[@cjhoward409]

Sounds like us and our neighbors. We make half, we have no mortgage. We built our own home starting 10 years ago. One paycheck at a time. They own a timeshare. They financed their new truck and travel trailer. We have 3 very good used vehicles and never owed the bank anything. So she tells me the other day, while whining, that they’re having to cancel their $800 a month health insurance. Because they can’t afford everything. How about selling the truck and trailer ? Buying something used instead ? They have every credit card known to mankind. I just shake my head.

[@SailorOrbiter]

Buying a new vehicle right after paying one off is diabolical behavior.

[@Jennie-nq9ih]

@@SailorOrbiter Financially self destructive.

[@Jennie-nq9ih]

@@SailorOrbiter Their self entitlement will be their financial downfall.

[@SailorOrbiter]

@@Jennie-nq9ih Absolutely.

[@SirKingWest]

Losing my job taught me how to cut unnecessary spending on things like lunch, drinks, subscriptions, etc. which individually are cheap, but collectively add up. Meal prep, read books, make coffee at home - meet your needs and save the money so you can invest it and have a safety net!

[@annfoster6116]

Library have DVDs!

[@sweetcandy3525]

I’m 53 and by the grace of God one day woke up telling my self to grow up and stop spending! You really need to change your behavior and mindset in order for you to change for the better. It needs a lot of hard work, discipline and self control. I am not yet debt free but looking forward to hopefully be one in 2 years 🙏🏽🙏🏽🙏🏽 I am so determined and excited to pay off my debt that’s all I think about every single day😊

[@gobsmacked230]

Good for you!...I'm retired and although my income is sufficient, I still worry about spending money. It's a mindset.

[@colombianminxfitnessreviews]

Sometimes you just hit hard times even with being cautious. For me, 1. Invested in my education 2. Got a great paying job 3. Marry, get a house, and have 1 kid 4. No vacations, no loans, no credit cards. 5. Continue to heavily contribute to retirement BUT husband cheated, began abusing us, fell into drinking and refusing to get help. 6. Now single mother, struggling to buy my own house, and wondering what the future holds for us while my ex gets to find a new woman and just start over. While we get dragged financially. Thought I did everything right on the list but you truly never know. Deciding to live with parents to save more.

[@stephanieswinney]

Smart move ! Ur are very fortunate to live with ur parents! I Tell my grown kids you can always come home ! FACTZzzzz

[@flinty2]

Sounds like you are still making good moves! Difficult for sure, but you got out of a tough situation and have started the process of climbing the ladder again! Best wishes.

[@KAye633]

Get alimony and child support!!!

[@androidunit56]

This obviously isn’t the whole story, only half. Hopefully the child is not raised with only 1 side of the story.

[@colombianminxfitnessreviews]

@@androidunit56 You sound dumb by saying only one side of the story. The bro is now in jail for holding two women against their will from him trying to smash on dating apps haha! I wasn’t even in the state. I was long gone so that tells you about his moral compass and character Andrew. You men need to do better 🤷🏻‍♀️

[@danielgregg3990]

There was a story about 15 years ago that opened my eyes to tax on gifts. A guy at a new york yankees game saved a kid and the team gave him season tickets. He had to pay taxes on the gift. Well, the guy was so poor that people donated to him to help him pay the state taxes.

[@bitesizedtunes6783]

I don't understand why he needs to pay taxes on a ticket I thought it was only on gifts as in extra money this is insane I guess they thought he would sell it or something but still they will get the taxes when he spends money

[@danielgregg3990]

@@bitesizedtunes6783 I think he had to pay NY state, not federal, taxes.

[@bitesizedtunes6783]

@@danielgregg3990 I see that makes sense but still it's unfair lol

[@Tosha407]

$13 for a latte is INCREDULOUS

[@jjbuckner]

right?!

[@danielponder690]

@@Tater-Skinz Starschmucks - you gotta be a schmuck to pay those prices!

[@juliejohnson6753]

And yet she still chose to pay it. Then complained about it.

[@danielponder690]

@@juliejohnson6753 that's what gets me...were the prices not displayed anywhere??

[@danielponder690]

@@Tater-Skinz point made...and here I go using an electric kettle and french press (and I'm in the US)

[@h3ll0gudbye]

Credit card holidays is wild. I can't believe people actually do that.

[@KyleMatt11]

Dumbest thing I ever did in my early 30’s…financed a 20ft fishing boat for $110k that I thought I could afford when at the same time knew I couldn’t. I don’t know what I expected to change but nothing did. Luckily I was able to sell it the next year before I got underwater.

[@arh1234]

Lucky escape! Well done

[@japanesecinema6736]

These people are out of touch with current reality. Times are tough right now for a lot of people. We are just ignoring it because everyone is in denial about the current situation.

[@allenburgess6314]

Recently purchased an espresso machine and coffee bean grinder. Based on how much I used to hit Starbucks I figured up the ROI to be about 1 year. After that my iced Lattes will cost me $1 or less. The drinks are so much better and I'm never going back.

[@TheThermalLizard]

5:06 my response whenever I’m asked why I hate paying taxes. I want an itemized receipt of what my taxes are spent on so I know what the government is blowing it on.

[@vickieclark5931]

I really like Caleb Hammer. He reacts the same way that we all think. We all wonder why why why with some of the dumbest things that these people do with money. We all do dumb things, but some people do things that just can't be explained like getting a payday loan for a tattoo. SMH

[@micprince777]

I watch his show every week

[@MrHongleberry]

As someone who spent $50 on a watch I didn't need then second-guessed the shit out of myself, these people are giving me migraines!

[@corinatralala2556]

I feel this haha, I even feel guilty spending money at a thriftstore sometimes😂😂

[@andreeal6822]

Yes, just this! I am planning for anything I purchase. Looking for the best price and marking sure I need it and will use it, I'm mostly thinking of groceries for my pantry. I need a new clothing iron, I plan save and look fo the best offer. I have no debt and still second guess myself when buying something for myself or planning a holiday.

[@mrs.bdaycare5530]

Hi for vacation if we know ahead of time we start saving money way before we’re leaving. So this past year in March I went to Paris we booked nine months before so then we just saved money and when we’re in Paris, we didn’t touch your credit cards at all.

[@garyfarley323]

We save money every month to take at least 3 vacations every year...building memories, making good choices when we were younger, and enjoying life more now.

[@rherron7]

I am a banker and ppl complain about everything but making a budget lol. 😂

[@karllsauter]

I never heard of of a timeshare. When faced with a guy trying to push one on me while on vacation a few yrs ago i just couldn't wrap my head around it. I kept asking, this room im in right now is rented out to me by the vacation agency. You want to sell me something that i wont own? Someone owns this building. You gonna sell me something i wont own. He got mad and stormed off.

[@notme1255]

Timeshares and these new subscription services are basically the same thing. Bought a new printer? Didn't realize your printer gets shut down without the monthly subscription? As he said, you basically paid to NOT have ownership of something. And Dave is right, it's legalized fraud. As for the printer mistake, just cancel the subscription, buy new printer cartridges that are not attached to the subscription service, and you should get your printer to work again.. Still BS how they don't give proper disclosures before selling this product to you. Should be illegal.

[@CobbyLouis]

16:30 Caleb losing his mind is the greatest 😂😂😂 You took a $1200 loan for a tattoo?!?! A payday loan?!?! That's the tattoo?!?!? You haven't been paying it?!?! 2 months?!?!?! What?!?!?!?!

[@LiberationSeeker101]

I like how you wrote that out & put a time stamp on it. I've rewatched it 3 times and just couldn't stop laughing, looking at JJ's reaction at the same time. You know, it's like when you hear others laughing, it makes you want to laugh even more. 🤷‍♂️ Anyway, thanks for the reminder. Made my day. 🤣✌️

[@bitesizedtunes6783]

The sad part is we all know people like this who find it very difficult too take responsibility and take things seriously until it's too late. They keep making poor choices in life and never learn it's sad when you personally know other women and men just like her.

[@Ellimist-x3q]

I can't relate to any of this. I have no debt, car or credit card debt, but all my money goes to bills and just existing. Nothing ever left over for saving or investing, none of this seems realistic to me

[@ty-2236]

If you have nothing left for saving that either means you have bad spending habits or like you said you’re just “ existing “ with the current salary you make

[@Maz7006]

I always “half the amount” in my mind what I can afford. It’s been a good habit to get out of consumer debt and prevent this creep of lifestyle

[@IrisP989]

We go on vacations that we know we can afford.. Recently went on a 3 day getaway just with my husband (without our kids). We knew we have the money for whatever we want. We got back home, calculated how much we spent and it will be paid off without a problem (we don't do cash. Certain things can't be booked with cash and it's nice to have some cash back).

[@gardenofe12]

Sweeping debt under the rug or ignoring it won’t make it go away if anything it just gets worse. At the end of the day it’s YOU who is made accountable !! YOU caused your own debt NOT anyone else - just YOU !!!

[@micprince777]

Thank you for posting these videos. I'm a pretty new subscriber, and I have learned a lot and have been trying to do better in every aspect of my life. I dont have a high income due to a disability but I'm really trying. I paid off all my debt and drive an older car for cash. I never go out to eat and have been trying to buy things on the clearance rack or trading my clothes for different ones so I dont spend a lot. My dog sadly passed away a few months ago, and I had a small emergency fund for him that I'm now going to save for the future. It sucks. Thanks for all your hard work. 😊

[@jjbuckner]

So sorry to hear about your pup! You’re killing it! Keep going

[@micprince777]

@jjbuckner Thanks so much!!!

[@debbieframpton3857]

I'm 70 years old I've always lived within my means the only debt I've ever carried was a mortgage and car both paid off for a while the vehicle is a 2020 small SUV. I worked retail so never a large income but I was still able to put a small amount into 401k and Roth IRA and CDs. I purchased my small two-bedroom home 21 yrs ago and it's not worth much more than what I paid for it. I never believed much in credit cards or buy now pay later. Paid cash for a new furnace an air conditioning 6 years ago roff 11 years ago. I had my priorities and it was not Amazon or the malls

[@ekokusumo4583]

These people will never understand until they failed to pay monthly minimum and all the debt collectors haunt them all day long 24/7.

[@jazziered142]

My paycheck tripled over the last 2 years, and I just increased my 401k contributions to pretty much match that, and continued to live how I live. Celebration dinners are nicer, that's the only thing I let creep. But I have a small family and it's only four times a year.

[@matthewhoover6154]

I'm self employed, too. One year, I didn't pay estimated taxes on my profits. I owed 35k in tax. I had the money, because I know I owed tax, but it wasn't fun to write that check. Never doing that again. Having a solo 401k and a roth IRA is a good idea and the 401k really helps cut down on taxes.

[@judebutler535]

Love that you appear to be starting your average money podcasts again…they make my run go quicker. Watched and listened to you for years, appreciate all your efforts

[@Raee225]

My husband and I do not have kids, claimed 0 on taxes and owed 12,500 in taxes 😊… we now save portions of bonuses and extra money every month in a high yield savings account to pay for all of the taxes we owe every year.

[@bigcahuna42366]

Gotta love how Caleb's voice goes from 300HZ to 30000HZ in two seconds when he gets fired up

[@profpat24]

He nearly burst a blood vessel😂😂😂

[@ontariospeeddating]

I treat myself with one chocholate bar maybe twice a week since my speed dating business is getting nowhere despite attempting to sell tickets for under $40 each. Other than that, I learn to starve as much as I can just to avoid paying high interest.

[@albundy7794]

Yeah 40 bucks to go speed dating is beyond ridiculous.

[@ontariospeeddating]

@@albundy7794 Are you referring to US dollars? because I'm from Canada and $40 CAD is like $27 USD I think. and what would be the most you'd spend on speed dating?

[@PiiDGE]

20 a head with a free drink

[@albundy7794]

@@ontariospeeddating I've been speed dating, so I wouldn't pay a dime, but $20 US max I'd say. Unless there's something particularly noteworthy about it. Like Angelina Jolie from 20 years ago is gonna be there. Then $25 maybe.

[@LoubinaA]

13 dollars for a coffee in the US is crazy - that’s about 4 coffees in Europe seating at a nice place

[@reviewsbygen5591]

I just don’t care for crap. I feel like there are 2 types of millennials. Those who make a lot and are broke. And then you have the extreme minimalist opposition. The expenses for my family of 6 are $4k/month, everything included. We save the rest of hubbys income. We just don’t care for stuff. In the end, 99.9% of it will end up in a landfill or goodwill best case scenario. Same with a large McMansion. I just see lots of cleaning and lots of spots one of my 4 kids can puke 😂

[@BrokenWill]

In my 40's, retired. Keep it simple and be free.

[@KentPittsburgh]

I love shopping the clearance section in walmart and target lol. Rolex schmolex.

[@ozzlayer]

Like I read in a random post on social Media. "Pay taxes on the money you make. Pay taxes on the money you spend. And paying taxes on things you own that you already paid taxes on with already taxed money." Isn't that great?

[@TheAbigailDee]

Previously I was putting some cash away for a wedding because I thought my girlfriend needed a beautiful wedding. Now since discovering channgels like yours and Caleb's, I have become more direct and focused on debt repayment because my girlfriend deserves a debt free wife in the future, not a fancy wedding. Dumped that savings into debt repayment. 11 months til debt free. Once we have an emergency talk, we will revisit a wedding. She deserves security and to retire one day more than frivolity! Thank you for the mindset check!

[@spusulri]

The three things I spent money on as a 30 year old was my my second hand manga collection including the books figurines and graphic shirts, all of which totaled to around 1800$. it was over four months. Then I drew a line and said no more for now. The second thing was my camera as I’m really into photography. I got it as a gift and bought two lenses I needed which came to 140$ together(second hand) and the third thing was my bamboo flutes which I’m also really into playing. They’re expensive and there are six of them so they were around 600$ over a span of three years. and that’s pretty much it.

[@debbieframpton3857]

People will probably be upset Christmas comes the same time every year if you don't plan for it and don't have the money don't spend it. Christmas is not something I would go into debt for when my children were younger I did a 20- a week Christmas Club fund and that was it. People make too many excuses

[@dennisleyva8239]

$100k invested in a mutual fund or ETF at 10% rate of return for 30 years would have been $1,744,940. But like the great Les Brown once said “IF I KNEW BETTER I WOULD DO BETTER”.

[@jholmes553]

Everyone deserves what they earn. It's not a question of "Do you deserve it?". It's a question of "Can you afford it? And did you earn it?"

[@KIDROCK-oq7um]

I went to a time share meeting way back in the early 80's. Got up in the middle of it and headed to the door. This big thug (i am only 5'4) blocked the door. I flat out told him step aside or get your ass kicked. He looked at me, I looked at him, He stepped aside. It was the biggest snake oil sales I have ever seen.

[@salamanderadk72]

VOO is wonderful. I don't hear many KZbinrs mention it.

[@mhodge0890]

Been investing in it for over a year now. It’s great glad I did

[@leee3880]

I have it too now.

[@leee3880]

@@mhodge0890nice, I only started this year.

[@Abracadavre1]

? Pretty much all KZbinrs mention s and p

[@MsCouve]

paying all that money in taxes is insane….just to not be safe, to struggling economically, and don’t even get me started on the BS upkeep in our communities from roads to schools…. smh

[@Ashley-ku7is]

Lol no one I know making 100k has a Rolex or a nice car. 100k salary is the new middle class.

[@isabellaross1472]

We sold our first home to buy our second home. Paid off all our debt and put 20% toward the new house. Fast forward 3 years and we have racked back up our debt to what it was before. Being bailed out by the money we made on the sale of our home didn’t change the behavior, now we are learning our lesson 🙄

[@lynnemcnab1500]

I have a small house. I'm doubling up the payments every 2 weeks. 25 year mortgage has been knocked down to 11 years. Except I just remortgaged because it came due. Sadly as we all known rates are up. I'm going to continue doubling up payments, eventhough it's a bit higher now, by adjusting my budget for it.

[@zavoz1456]

All that lifestyle creep lol. From a 2 bedroom apartment with a roommate at 18 , to a 1 bedroom apartment with a girlfriend at 32. So much lifestyle creep , life definitely hasnt just gotten more expensive at the same rate that my income went up

[@mcfluffier]

I’m very interested to see how this $1 trillion in consumer non mortgage debt ends up. Like can Americans not change lifestyle to reflect their income? I get people struggling, but like you can’t say you are struggling but be buying new clothes. Everything you buy should be used, other than personal hygiene and food.

[@jjbuckner]

You and me both.

[@sunnysunshine9975]

I retired Nov 25th of this year! Congratulations to the both of us 🙌🏽! I’m 51 but I have a defined pension for life of 72k. I have very little in 401ks but I was burnt out and exhausted. We will pay a lot in health insurance because of my age but my sanity and less stress is priceless.

[@jimmylegs06]

My wife and I gross $180K a year in the Midwest Believe me, if we gave in to lifestyle creep we could be in massive debt. Even a nice income needs be reigned in. A $1500 long weekend trip is still ALOT of money "F You money" starts at about $5 Million

[@maxw5229]

F you money starts in your head - you can almost always spend everything and more.

[@TheNotimprezed]

Why are 6 figure income earners broke? Lets see, I made 133k last year, of which 82k was withheld from my paycheck for taxes, insurance, 401k, HSA. And for the honor of this 6 figure income I also have a $2200/month student loan payment. I'm not wearing a Rolex. Thankfully my wife also has a good income and we paid her student loan off and my last payment is 9/25.

[@cjhoward409]

Lots of factors like where they live. I used to live in a modest 3 bedroom home but our taxes on our property was $900 a MONTH. Now we’re out in the country. Built a bigger home on 5 acres and our taxes are $600 a YEAR ! 😊

[@Kuj4k]

People act like making 100k a year is making a Million a year. I make close to 100k don't have fancy things and just get by after taxes, 401k, Student loans

[@tiffanybellmyer3402]

My lifestyle creep was pet-based. I got them better fancy food and these really great beds. I have had the same clothes since high school.

[@skinnex3236]

Iam from Germany One of the biggest luxury here is that a lot of you tax stress is nothing i can relate to. Your tax system is crazy. I mean we pay a f ton of taxes but that stress you americans seem to be under when its about the IRS is crazy

[@WinnyFoster]

I also genuinely wonder what all these taxes actually go to…. Im norwegian, and yes, we pay a lot of tax, but i get near free healthcare and school and university is available to all. Also if you win the lottery here its tax free.

[@maxw5229]

I would rather be responsible for storing away a smaller sum for the taxes than having a larger sum get cashed in automatically as in Germany. But each to their own, that's one of the reasons I moved away from Germany

[@fudogwhisperer3590]

If the girl that won the 100K put that money into an investment account, by the time she was 60 earning 6% she'd have 1000000.

[@bitesizedtunes6783]

I don't agree with this remember investing at 6% is not a lot plus to only see the returns at age 60 is too much of a gamble most people won't wait that long or something unexpected happens it's best to invest it into a asset like real estate and let the investment be the source of her income. I don't agree with investments accounts there is much better and faster ways to double your investment at a reasonable amount of time that's just me I prefer to invest in myself start a business or join a business and get revenue that way.

[@Adelina-293]

Starship Troopers propaganda voice: I'm doing my part, I spent a grand total of $12 on a book last month. I'll never financially recover from that.

[@jjbuckner]

😂

[@annaclarke7643]

In Australia, prize money is not taxed. That must hurt you Americans.

[@thatonegirl1007]

I’m doing all the fun stuff I wanna do now when I don’t have bills or full responsibilities to worry about because I know once I become fully independent these things will have to be specials treats everyone once in a while because responsibilities come first.

[@mortenbecks2017]

yeah, I deserve a trip to Mykonos allright....but I also deserve to comfortably retire someday, so I skip the stress of travel/jetlag, enjoy a half-day of swimming and treatments at a thermal spa, and indulge at a greek restaurant on the way home. Thousands saved. Might not be as instagrammable as the vacation, of course.

[@AJohnson0325]

I make six figures and would never spend $13 on a dang coffee. How you do something is how you do everything. The only time I go to Starbucks is when I’m so tired I don’t feel safe to drive and even then I feel defeated for spending $7 on a latte.

[@ForeverStapleton]

Personally I love Acorns for my non-retirement accounts.. I do $100 per week and do 10X roundups, it's the definition of passive investing. Also, people need to stop spending money on expensive coffee drinks, alcohol and vacations but no one wants to delay instant gratification.

[@acausedelle1547]

Acorns has a lot of fine print to sift through. I had about $100 in there, forgot about it for 5 years. I expected to have maybe $150 in there when I opened it again. Nope! They started taking out money for inactivity so I had less than when I started! Yes it's a small sum of money but I can't stand by a company with dumb fees like that. A roth IRA account with automatic direct deposit from your work is better.

[@sgc1401]

@@acausedelle1547I think Acorns is predatory. Their fees are super high.

[@Lauren-z3c7t]

i have a coffee obsession too, but i'm more aware of it, so i surely wouldn't spend it now, but also i use cash and that lets me see where it's actually going and feel that loss a lot more than i would if i were using a card

[@kaufmanjeffreys]

Live within your means and educate yourself. It’s what I do. It’s what I teach my kids… most people don’t educate themselves…

[@irinarose7553]

We went to Winterwonderland fair in Key West, Florida yesterday with 3 kids, it cost us $200+ for just do the rides, no food or drinks.. Insane.

[@joannaK187]

I over quadrupled my income and still drive the same paid off car that I was driving when I was not making much at all.

[@Juanchoo_133]

Thats why i always tell people who play the lottery that if they know who wins 100% of the time? The IRS!

[@Dgeppert]

We use credit card points to buy our travel. With 40,000 to 100,000 points annually, we have lots of options. Also, we don't eat out often or drink coffee from vendors.

[@odez180]

Sometimes not all the time but sometimes spending money is better than saving it. There are things that’s worth the money

[@JohnDoe-np3zk]

Last year cut check for 45k to irs it sucked

[@jjbuckner]

Taxes suck!

[@JohnDoe-np3zk]

​@@jjbucknerthey have a special tax basically a surtax over too much gains for selling a house. There is no property worth 1031 exchange.

[@isabellaross1472]

When I say I deserve something, I deserve to make our monthly payments not stressed out struggling to make payments on time. My husband and I are working towards paying off debt we racked up in our 20’s so that our 30’s can be debt free/ stress free 🎉🎉

[@tharpeaddy]

I buy hoka shoes. I buy Columbia jackets Waterproof socks I don’t buy things because I enjoy the way they look lol…I buy things because of the value and utility…that’s it…that’s it…I won’t ever buy any Taylor swift concert event tickets. She’s rich I’m not. Going to a Taylor swift concert is a festival it’s not a thing it’s an event…I don’t think giving away money for someone to sing break up songs is financially smart…lol..

[@cjhoward409]

I bought Columbia snow boots 15 years ago. They’re still great ! Excellent quality.

[@cchaffincc]

“Stuff That Works” is an old Guy Clark song that epitomizes my feelings about the things we purchase and possess.

[@viresinnumeris1381]

Thank you. 🙏🏾 I needed this. The fine line…..we sure can talk ourselves to breaking it eh!

[@honieebean]

I thought she meant $13 for the mug... Not just the drink inside 😭🥴

[@AmandaHugenkiss2915]

Gotta yell ya, I'm proud of my one son, he did four years in the Marines and has been a reservist for probably another four and absolutely refuses to get tats. That's self control right there.

[@abigailsara]

For 13 dollars I can buy enough coffee , flavored syrups and creamers and oat milk to make my coffee for at least 3 weeks, can probably get a reusable cup for it too. That's a ridiculous amount of money for coffee which has one of, if not the biggest mark ups in the food/retail industry. I know from experience that 1 single cup of coffee will pay for the entire pot, every other cup is profit.

[@toddw.8277]

I went to a huge state college in the 90’s. It used to piss me off the school allowed credit card companies set up tables on the main lawn. You got a hat or shirt or some other shitty gift for the chance to destroy your future.

[@mhodge0890]

Just save and invest 20%

[@mark-x8w8r]

Im 7k in debt, not a lot compared to some, but keeps me awake at night, havent had holiday in years just cost of living and unexpected expenses seems to be the normal these days.... felt more free in the 1970,s looking under the couch for slummy for a sachet of coffee (5p) ..if i was skint, than now putting it on credit card..... always worked 6 days a week too! (unskilled) world is getting scary now with rising prices

[@jkseraphim4]

My only treat is once a year I learn archery. Only this year did I have to rent a lane to practice. I wish to practice more, but it's money and time, and I never have either.😢

[@Kindlelover88]

This summer has been and I went to Lake Tahoe for a vacation and we wanted to try a new coffee place every day. The average coffee expense per person was $10 a person so we had a fund for that but yes, that does hurt we normally don’t do that. 😂

[@Allaboutthe80s]

I have a tenant who has a brand new Mercedes but struggles to pay his rent every month. He is almost 50 years old. His rent is only $1700 for a one bedroom but he has to pay on the 7th because of his pay days. His car payment is $740. He has no furniture in his apartment except his bed. In addition to his Mercedes, he has a nice, newer truck, an older model car and a an old boat. I asked him, "Why do you have to drive a new Mercedes if you really can't afford it?" He said, "Because I work hard for my money." $740 × 12 = $8,880 per year. $8,880 × 5 = $44,400. That's a down payment for a house. I am always bewildered by people who feel the need to impress people by driving fancy cars. It's much more impressive to own your home and drive a beat up old car that's reliable.

[@KIDROCK-oq7um]

there was a contest for a 1.5 million dollar home, and a car, I told my bro i donot want to ever win something like that. taxes would kill you.

[@symonegreen7493]

I struggle with that so badly I want to stop doing that

[@Zx6rBlue]

Americans are weird. In the uk we pay no tax on lottery or gambling winnings.

[@MrIrrepressible]

Yes but we have to pay inheritance tax which is way worse

[@stoundingresults]

The lottery is a tax for the dumb, people don't know about averages

[@MathiasMeasinger]

And people b*tch about the price of eggs when they have 1200 car payments huge credit debt. Not mention crippling rent or a mortgage. Quit showing off!

[@cjhoward409]

I still complain about almost $4 for a dozen eggs. No car payments and no mortgage. 😅

[@joeb734]

So much of finance is just, "Stop hitting yourself...stop hitting yourself...why are you still hitting yourself?" XD

[@crimsonbandit3511]

But that's exactly what I'm talking about when I said before the daily coffees are a major factor. I used to be a barista and most customers are regulars and they do come in multiple times A DAY, 5 to 6 DAYS a week. It adds up.

[@barnabusdoyle4930]

It’s really surprising that the prize for winning America’s Next Top Model is only $100k

[@EvenningASMR]

Especially when you remember all the physical and mental abuse.

[@Happyoneywothree]

Wow don’t have that in Australia. What you get is what you get.

[@dquan731]

The key take away is NOT TAXES. It is YOU making BAD choices.