Absolutely 100% correct. Everything said is what my wife and I experienced 5 years ago. Simplified our lives....sold nearly all we owned with the exception of basic furniture and reasonable clothing. We bought used cars, older smaller home, and then started a business. Everything we sold, even when owned, lifted a weight off of us. Today no credit cards or consumer debt at all. Life is much more enjoyable. We work 3-1/2 days per week, and enjoy the rest of our time
@solarcabin10 жыл бұрын
15 ears ago after a divorce and career ending illness I lost everything and I had no crap because I was homeless and broke. Now I own a 14x14 off-grid cabin and sustainable homestead. No house payment, no utility bills, no debt and FREEDOM!
@carolynevers792410 жыл бұрын
How did you do it? That is my dream~~
@solarcabin10 жыл бұрын
Carolyn Evers I have over 100 videos on my channel that explain how to do it you are welcome to watch.
@carolynevers792410 жыл бұрын
solarcabin Thank you! I will check it out.
@christofrofosho10 жыл бұрын
solarcabin Thanks for sharing, I will be checking out your vids!
@banshee242810 жыл бұрын
Just subscribed - look at your situation as becoming the norm in the near future.
@Bholaday442 жыл бұрын
I really needed to hear this. Thank you Adam. I've recently retired and now have a little income, own my home, have some savings, and have all this FREEDOM - and am stuck! Stuck trying to figure out what I want. My life has been 'have to' and 'need to' and about survival - and now it can be about play! And I do not know where to start...decided I would by clearing out the house I've lived in for 26 years - which when I got to the end of your TedTalk is exactly where I need to start! Freeing myself of things and going from there ~
@robp52275 жыл бұрын
For those of us who don't want the backpacking life: 1. Do what you love (at all costs). 2. Don't spend more than you earn. 3. Don't hang out with people you don't like. 4. Surround yourself with people that are better than you. 5. Define what's important for you in life and work towards that. Source: personal opinion
@toddmatthes34765 жыл бұрын
Rob P well said!
@lennardkahn63799 жыл бұрын
My wife daughter and I 40 years ago chose this lifestyle sharing these values accumulating amazing experiences and travelling extensively. On our return home we always enjoyed The Tiny House Nation concept now 65 years young and still happily married to my best friend we have no regrets. Loved your talk and thanks for inspiring the younger generation.
@hamiltonmays42569 жыл бұрын
+Lennard Kahn Inspiring them to do what? Be self-indulgent sensation-seekers?
@monkeydake9 жыл бұрын
+Hamilton Mays how is that self-indulgent? how does working a crap job make you any less self-indulgent? it doesn't benefit anyone. what's wrong with seeking sensation?
@johnward70697 жыл бұрын
M'Liss A...
@zachsmith11797 жыл бұрын
+Hamilton Mays so you consider not accumulating debt and actually enjoying life a bad thing? Interesting how brain washed some people still are, even after all the evidence available to them. Go back to your 80 hour a week job and 100 of thousands in debt, stay miserable if you want, just don't judge others for not following the same destructive path.
@Gasp7000 Жыл бұрын
@@hamiltonmays4256 Isn’t that what salivating over a credit card is-being a sensation-seeker? Family experiences is making happy memories. Credit card debt is the opposite-it’s an addiction to purchasing interest, I mean, that’s where the money ultimately goes, right? It is not from the shoes you bought-you didn’t need the credit card for that because when you paid the credit card bill, it was YOU who paid for the shoes. What you are purchasing is not shoes, it is “lack of discipline in waiting”. You bought this perk of skirting self-discipline on the clock with the interest’s $ticker price. You purchase the product of delay of payment with the price of bondage to the debtor. Are you a debtor? Is that what the defense is about? Ultimately, kind family togetherness is the greatest value. No family member should wait for another to make the first move here. Each of us is where it begins, we must be the happiness we want to reflect back. That takes selfless initiative.
@Videooogaaaamsh11 жыл бұрын
"Working jobs we hate, so we can buy shit we don't need." - Tyler Durden
@raffie95264 жыл бұрын
That's what I'm saying 😂
@deezplace4 жыл бұрын
... "to impress people we don't (even) like"
@marshalljhughes0073 жыл бұрын
@@deezplace ... "with money we don't have".
@cerebralprince114611 жыл бұрын
What is freedom? Freedom is not having to know what time it is.
@dontworryaboutit82136 жыл бұрын
CerebralPrince haven’t heard that one before.
@zoedrysdale96156 жыл бұрын
Exactly!! I came to this conclusion and it's true, you don't have flexibility when you have debt and obligations that don't really serve you, governing your time 😞
@LeeLiko6 жыл бұрын
Excellent response to that question!
@miwin10005 жыл бұрын
I guess I'm really free...I never know what time it is nor what day, nor who the president is....LOL
@youarehere12515 жыл бұрын
That’s call retirement
@wcbarchives9 жыл бұрын
This dude and his wife seem like a great team. So many people associate marriage with a loss of freedom, but they obviously proved that notion wrong.
@joelgetty9 жыл бұрын
You're right. People associate kids with "settling down" too, but he took his wife and kid with him. Children are resilient and they will learn from the environment around them. So many people get caught in the trap that children need to live this perfectly stable life to grow up "normal."
@angeliquekopecky55569 жыл бұрын
I'll bet their children will have some amazing learning experiences! I think stability is in family and teaching values. I dont think that their trip was easy. 28 hours with a 1 year old. Im surprised they had any hair left. I think his point is to live out YOUR dreams through experiences. I love this concept.
@BentoRogerio9 жыл бұрын
Angelique Kopecky I think his point is to find out the true meaning of freedom. Only then will you live the experiences of your dreams. Namaste.
@dandart98909 жыл бұрын
once and a while a couple thinks alike. how fortunate for them. The vast majority of Western women are not interested in a "simple living" lifestyle.
@roberthofmann84037 жыл бұрын
Dan Dart* in
@catreadsbooks11 жыл бұрын
I've got rid of my crap and stop acquiring things and I'm sorry it took until my late thirties to figure this out. He speaks the truth. Debt and things will hold you back in life. From reaching our true potential.
@jeremyh84465 жыл бұрын
I was fortunate to learn this at a young age... the never ending cycle of debt. I noticed very early on when I was 27 that I was entering into this cycle. So I immediately came up with a plan to get out of it and out of debt. I paid off my credit card, student loan, then the car and when I turned 34 I lastly paid off my house. I just turned 35 a few weeks ago and have absolutely 0 debt. Unfortunately, they do not teach this stuff in HS. People start unconsciously digging their “debt hole” early in life, and for years and years they continue to dig deeper and deeper. I work for a bank... but as a Financial Advisor. I take pride in helping others build financial stability.
@ellenorbovay52265 жыл бұрын
"Freedom's just another word for nothing left to lose" Bobby McGee.
@aerozg8 жыл бұрын
Freedom to me means financial freedom. No debt, no mortgages, and a steady income from a job i enjoy doing and am passionate about.
@justindrescher30958 жыл бұрын
Having an income of any sort is still apart of the financial system. If you don't want debt and the like you would have to consider what value truely is. To me everything has some sort of intrinsic value but set as uses. Wood is just a tree but when you give it a purpose like building a home your giving it a value, just not a financial one. Our personal skills and interests would be a big factor in a changedsociety from paying others to do what you can to you having the freedom to create anything you need to stay alive and more.
@justindrescher30958 жыл бұрын
Research the Venus project for some new ideas that could be used to help your fellow species. Our world is not confined to just our cities or countries we have the whole planet plus the unknown universe to explore..
@bullyboye8 жыл бұрын
Justin Drescher n
@ofwoodsteel11247 жыл бұрын
Ditto...that and not working for a penny pinching control freak...
@bellepierre247 жыл бұрын
aerozg I agree with most of what you say except the job part. A job creates false security. Having a passion that you pursue brings fulfillment and generates income.
@MatthewDeGrand9 жыл бұрын
Love this. Collect experiences - not things. Perfect!
@KodeLiMe5 жыл бұрын
"When you don't have debt, you know what you have? Money!" - Dave Ramsey "He who buys what he does not need, will someday need what he cannot buy." - Unknown
@Its_like_the_T-Rex4 жыл бұрын
I saw this video 8 years ago, It inspired me to pay off my debts. It's taken years of discipline and a 180 degree shift in thinking. In 2018-2019 I sold most of my stuff (put some in storage) and set off on a 12 month sabatical and travelled the world. While I don't recommend full minimalism, simplification makes room for new things in life.
@debbiedebbie94732 жыл бұрын
Good job
@thebeatonpath11 жыл бұрын
Great talk for a new start. You don't have to sell everything and go backpacking for those complaining about this guy. It's about freedom from debt. Plain and simple. Stuff will not make you happy. Experiences and memories will, so go out and enjoy life WITHOUT the stress of debt.
@dawna41856 жыл бұрын
some stuff can bring happiness...i love my vitamix blender. i sooo love and enjoy my comfy bed and blankets. i love watching videos on my laptop. i love having warm clothes in the winter. i love my car that takes me on many many great adventures...i love having healthy food and some good books and good quality sneakers to go hiking with and my cell phone to call my kid or make an appointment or get a shift when on call...point is, there is nothing wrong with stuff...stuff that serves a good purpose....
@lilyjameson515610 жыл бұрын
I had the same situation with a packed storage unit. I paid for it every month for a few years and then lost my job. Eventually, I had to stop paying for the unit and I lost it to auction. Although I did everything I could to avoid that day and suffered a lot of anxiety about it...the day came and went. The funny part is that except for one painting that my mom (who's now passed away) gave me....I don't miss any of the stuff. And although I initially felt very sad about that one painting, over time, I've realized that my mom will always be with me...in my heart...not in any "thing." So I'm now ok with it and working on further decluttering my life of most of the "stuff" I've accumulated over the years. It feels great!
@GadeaOne8 жыл бұрын
22 years old...... 1 month away from graduation and i have ZERO DEBT. Small car paid for and a BA in Business Finance. It's possible. Don't let anyone tell you otherwise.
@Njliving227 жыл бұрын
Why didnt you save your money in those ten years and buy out your freedom? My friend works on wall street and thats his plan...get in get rich and get out
@GymClubHouse7 жыл бұрын
you are a child at 22. obviously you are not going to have debt. come back here in 15 years and then leave a comment when you have gone through life, as in real adulthood.
@Njliving227 жыл бұрын
whats a real adulthood
@aznsuperher07 жыл бұрын
lots of hate in these comments. good on you for getting where you're at with zero debt. that alone shows that you're further along than others your age.
@nancie74876 жыл бұрын
Were you living with your parents when you reached this goal?
@Angelskris33311 жыл бұрын
I like this guy! He is easy going and clear to understand...and makes so much sense. I am almost debt free and I had to sacrifice a lot for it. My finacial mess had me suffering from anxiety and being depressed. I am free :) Love this video & thank you.
@Sunnahiman4 жыл бұрын
I feel the same and at 65yrs old 10yrs retired and been a consumer too long it doesn't make you happy. Life is short and I am struggling to get rid of all of my accumulation. True freedom is not being ENSLAVED by MATERIALISM. Less is truly more. Thanks for sharing your wisdom and new found freedom. Life is a gift and a short journey. 🥰
@GetRhythm201110 жыл бұрын
I've always had and shared the simple understanding that: "the more you own, the more owns you." Hats off to all who simplify their life and answer the question proposed in this talk. Thanks, and happy parting with your stuff! Thanks Adam. Good job. It's a start. A beginning point for many to incorporate in their daily mentality and way of life. SIMPLIFY!
@bridgetkirk70654 жыл бұрын
Not all debt is down to consumerism. I've had to use it to keep my car on the road, to support my son at university and to have the travel experiences he talks about. Other than that I live very frugally. Many people use debt simply to survive.
@suefarrand29062 жыл бұрын
I Paid off the house by 30 for “freedom” then lost it to the ex. Back on the debt train for the rest of my life.
@andragg6 жыл бұрын
Adam has basically told my story. I came to a realization in 2010 that I do not need all the material possessions I own and getting rid of it gave me more freedom. I was laid off from my job in 2008 and was on I was unemployment. I had to move out of my spiffy $1000 a month apartment and rent a room from my friend. The room was furnished, so I had to get rid of a lot of my stuff. After a few years I was glad I didn't have that stuff because I moved from Florida to Maine. I sold the few bulky things I did have and moved with just 2 suitcases of stuff. I could always rent a furnished place or buy a used table and chair to do my work. I still only own a handful of things and with the economy so messed I have the freedom to pick up and move at a days notice. I digitized all my artwork and music and stored it in two laptops.
@DioDiablo7024 жыл бұрын
Of all the endless content you can find on KZbin, this video has changed my life. The calling to spring into action and take control was never so inspired until I saw this video. I wish this video was required in every high school.
@meshakvb64319 жыл бұрын
I used to work in auto factories 60-84 hours a week. I once worked 12 hours every single day for 3.5 months. One week I did over 90 hours. I am 27 years old, and I was working like that from 19-26. My body is irreparably damaged in places, and I'm still young. I tried to work faster and harder than everyone else. Now I won't do it. I realized I was being used in so many ways. Money isn't worth your dignity, your health, or your soul. I paid off all my debts when I was 21, and never took out any more debt except student debt, which I still owe. Once that is paid off, I will be free, and never live beyond my means, and always strive to be in a 'fuck you' position. Where I am my own, dignified man, who has no job lorded over me, and nobody pretending to be my abusive 'daddy' at work. I will live as well as I can afford to and never long for the pain of living beyond my means.
@SM-ex7ti9 жыл бұрын
Great story, cheers.
@mmmckinney83179 жыл бұрын
I've been in a very similar situation. I've always done extremely physical jobs from the age of 16-26, and I wore my body down. Add on top of that 5 and a half years of cigarette smoking and my body got worn down extremely easily. Debt is just a form of slavery and once I'm out of debt this time I'm never getting another credit card, auto loan, or any loan again. It's not worth the obligation to pay. Which is reality just means the obligation to WORK.
@roberttalada51968 жыл бұрын
And then I got my dick stuck in a fan.
@manictiger8 жыл бұрын
+MM McKinney Funny thing is, it's mental slavery. You don't actually have to pay that crap. Fuck 'em. If you owe 10 grand and you only have 10 grand, fuck 'em. If you have 100 grand and you owe 10 grand, still fuck 'em! Now, if you have 500 grand and you owe 10 grand-- Yeah, sure, may as well pay it off.
@spiritualanarchist81628 жыл бұрын
+Bigbadd Woofe if what you say id true. Yo learned at 27, what most people take twenty years to learn...and then they are stuck. Rent, children, bla di bla.
@SnarkyStuff110 жыл бұрын
Thank you for posting this! This is exactly what I am in the process of doing! Selling all my belongings and moving to Melbourne, Australia to network and grow my business, finish my degree in Advanced Nutritional Medicine and lecture and help others on natural methods of healing. Life is what you make of it....
@FreeSpirits9 жыл бұрын
This resonates so much with me. Such an amazing and inspiring talk. We downsized and have gotten rid of 80% of our possessions so far. We were the people that had a garage like that picture only a year ago. We are now finding our freedom and couldn't be happier :)
@greenkitty828 жыл бұрын
I agree. With less stuff you have more money, more time and are less stressed but people are so blinded by desire and care too much what people think of them they end up suffering for it. The only material thing worth to me is knowledge in books, hence why the only things I really own are books and then even those are passed on to keep my life minimalist. Ownership is a burden and nothing stresses me more then seeing all this junk you have to care for. Life is way too short for all that nonsense.
@FreeSpirits8 жыл бұрын
It is crazy how blinded people are to how they are living. Stuff is a burden of almost every aspect of your life. :)
@greenkitty828 жыл бұрын
+FreeSpirit I completely agree. Just having things on my floor does my head in and makes you feel so closed in. When it's all clear you feel so free and calm but people have this belief driven into them by society that having lots of stuff will make you happy, which while having things that enhance your life is fine, most of it is completely unnecessary. It's like the speaker says, it's best to spend your money on something like an amazing holiday you'll relive forever, not a material thing you'll quickly grow bored with.
@Ppppinkland8 жыл бұрын
I completely agree with Baker. I have recently realised the importance of acquiring experiences - as many different ones as possible. This is what expands your imagination and shapes you into a more tolerant individual. When it comes to my family's birthdays and Christmases, these days I tend to draw or paint them a picture in their greetings card. I can practise my artistic skills and the effort it requires will be appreciated far more than almost any material object which they will store and use only once. This has become my favourite TED talk alongside "the first 20 hours - how to learn anything".
@junk53548 жыл бұрын
Freedom is being married to myself. Since no one wants me - I'll just settle for being in love with myself. I don't even need a ring or wedding. I just look in the mirror everyday and give a little half smile. I then ask myself, Do you have any kids? So far I've replied, NO. Then I pat myself on my back and start my day...
@Chrissywalters8 жыл бұрын
I love that!
@killyourtelllievision8 жыл бұрын
The only thing worse than being single? Is wishing you were. I am happier by myself w my Lab and we get along GREAT! Even my X and I get along well now that we aren't living together and as for kids? None that I know of yet but I did get laid a lot when I was younger (and better looking than I am at 54) and before sex could KILL YOU! I know that IF I do have kids...they are all adults now and my child support will have surely been nullified although I wouldn't mind knowing them if they wanted to know me and if they do they should know the only reason I don't know about them is because I was never told
@dawna41856 жыл бұрын
same....single and happy forever....
@planetx52695 жыл бұрын
@@killyourtelllievision You should have taken responsibility and used protection instead of ruining those girls lives and the lives of those fatherless children. You are very selfish.
@KarlDag5 жыл бұрын
@@planetx5269 lol wow
@SoulSurvivorX211 жыл бұрын
We've been debt free for almost 4 years now..... it's freakin awesome :)
@RamboGT1311 жыл бұрын
sounds like something we were told by our mentorship program, LTD www.ltdteam.com.
@geoffowren302111 жыл бұрын
Decent philosophy, but what if your "stuff" is what creates your awesome experiences. My stuff is boats, scuba gear, surfboards, paintball, etc...
@rog94411 жыл бұрын
Geoff Owren That's fine. But those "awesome experiences" also include the work that goes into paying for that stuff. If your work is also an awesome experience, then it's not a problem. Otherwise, you've got some thinking to do.
@3KatzaPES11 жыл бұрын
Watch and listen from minute 11:00 in this video. The speaker gives a great response to this very question.
@geoffowren302111 жыл бұрын
I didn't see it.
@DanEather9 жыл бұрын
I sit somewhere in the middle. I have a wife, 2 kids, a mortgage and no other debt. I have a job I like, that pays well enough to afford the things i need and some things i want. it's a lovely concept what Adam's talking about, but I don't think it has to be as extreme as some people are thinking. It's not one or the other. I chose the debt of a mortgage, but with limited "crap". I'm an IT professional, but all of my friends and family have more gadgets and faster/newer phones and devices than i do. It affords me some flexibility, but with the nice-to-have of my own house.
@budakhan795 жыл бұрын
Dan Eather I think this is the sweet spot that people might be forgetting when watching this video. I too like my job a lot and it pays enough for me to enjoy things. I don’t buy a lot but don t love a frugal life. No need to sell everything and go nomad. Come on now.
@saracornchip85309 жыл бұрын
This gives me an immense sense of freedom. It's completely humbling seeing him and his wife commit to their freedom with a little baby. This gives me hope in my life to live FREE and fresh and to my fullest, no matter what my current situation is.
@RobGMun11 жыл бұрын
I like how he glossed over the tough times he had, the bet the baby cried more then she smiled in the only two pictures he showed
@MegaWigg11 жыл бұрын
"The thing's you own...end up owning you" - Tyler Durden
@phyliciajoykloes5 жыл бұрын
Yes! Lovely story. Minimalism has helped me realize what I want out of life.
@milesclyne433611 жыл бұрын
We moved to a different city a few years ago and left the majority of our "stuff" in storage. We rented a fully furnished home for about a year and half before buying. We missed virtually nothing of what was in storage, what a liberating experience. Life has changed for the good, we totally focus on what we need now.
@eoinMB39497 жыл бұрын
362 people gave this the thumbs down??????? How on earth could you dislike something as inspiring and life affirming as this?
@joefinn675 жыл бұрын
This man said it very well. I have been trying to share this realization with my family for 15 years. I woke up one day and realized I was in prison. I was in prison to my stuff my wife's stuff my children's stuff. My children have grown and moved out on their own and it started building their own prisons. This young man is brilliant
@jordansimons10 жыл бұрын
Now debt free and currently selling my remaining crap! I'm leaving on a round the trip on 24th August and I can't wait!! Inspirational stuff... hopefully one day I'll do enough to deliver a TED talk.
@ohkaypoh2 жыл бұрын
Sounds incredible! Congrats!!
@sherylF56102 жыл бұрын
So how was it? Where do you end up? Hope that you are doing well.
@dmarti4711 жыл бұрын
Hobbies, interests, passions, things of importance, they're all related. The talk talks about anything you must keep to fulfill your definition of Freedom. Your books, N64 games and laptops are what make you happy so you're doing what is good for you.
@mb4lunch5 жыл бұрын
This one should be watched every 6 months or so...
@stephdee27118 жыл бұрын
So true! Security and happiness is not found by what we own. Defining what freedom is helps us to know what we really want and make us live our in-control successful life. Freedom to me looks like inspiring others to live to their best life while caring and defending children faced with injustice.
@SarahDodd1nomadicdreamer9 жыл бұрын
Keep doing what your doing and living your dream. I just became 100% debt free also and am traveling the world, however without a baby! Love your ideas!!
@puerrobustus9 жыл бұрын
Sarah Dodd Where do you get the money?
@yasnatonioni13349 жыл бұрын
Ярослав Башмаков cansiones. De. Marco. Antonio. Solis
@shultzb0011 жыл бұрын
Absolutely awesome! I have no debt. I own my home and a car, and I have some savings. But I'm still working on doing my passions. I have a job I sorta like, but so often I feel it is a waste of my time. I know what my passions are. At 58 I'm working on gradually (over the next four years) making the switch to doing my passions as my own boss. Surrounding yourself with people living that way or doing the same thing is essential, since there is SO much consumer propaganda in our lives. Thanks Adam
@amitsengupta0111 жыл бұрын
Very interesting talk and very thoughtful solution too. That would be a nice lifestyle to live. I really can imaging it.
@geekvinos3 жыл бұрын
I first saw this video in 2015, as I was transitioning out of the Navy. It was a powerful influence. There's this thing though, you have to be receptive to new ways of thinking or else the message may fall on deaf ears. Since then, I've spent 2 years backpacking around the world. Fell in love with travel - seeing new places, meeting interesting people, and getting into random adventures. With these new perspectives, I've defined my version of freedom (as it continually evolves). I have a pilot's license now, and I'm pursuing aviation as a career. Thank you, Adam Baker!
@solarcabin10 жыл бұрын
While I agree with the ideology completely I suggest instead of wasting money on a trip use that money to buy some land and build a small sustainable house and homestead so you have security and a life free of debt and THEN use the money you saved to go on adventures.
@eoinMB39497 жыл бұрын
solarcabin But thats listening to your head not your heart. The trip was clearly something they needed to do at that time, not wait a few years and be "sensible". The heart knows better than the head.
@anitahernandez88947 жыл бұрын
solarcabin
@СилвияМирчева-г8з7 жыл бұрын
This is your ideal life, or your "freedom". For me, his choice is a lot more appealing. You are just re-confirming what he said in the talk - following other people's dreams won't always make you happy :)
@СилвияМирчева-г8з7 жыл бұрын
This is your ideal life, or your "freedom". For me, his choice is a lot more appealing. You are just re-confirming what he said in the talk - following other people's dreams won't always make you happy :)
@pauldusa6 жыл бұрын
You Really Never own the land, no Title only a Deed,, Anolial if my spelling is correct, look up the act of 1871 in the usa, you have title to your car, but just a tax contract to your property or so called Land,, land is Rental my your State only,, not ownership. look up Deed..
@guitargirl74525 жыл бұрын
Adam this is on the nail. Totally agree with you and doing this right now. Luckily I Don't have any consumer debt so in a better position than many. Words of wisdom my friend. Thank you.
@bluewaters31004 жыл бұрын
When I was in my 20's and 30's I had an adventurous life. I camped on beaches, went traveling, and worked a lot to do it. I could put all my stuff into a van and car. Every time we moved I sold my stuff and plants. Now that I am 67 I wish I had bought a house...the rent in my apartment is higher than my daughter's home mortgage. My arthritis has really slowed me down. I own nothing, but am in debt because I use my credit card just to exist...gas, electricity, water, and the rental increases. I live in a part of the country where the income disparity is unbelievable. But you can not go back. Divorce also causes alot of issues for people financially. It is sad.
@johnharris66915 жыл бұрын
Freedom is your parents looking after you till they die , they brought you into this !
@AmberMaloneAZ5 жыл бұрын
LoL🤣😂🤣
@gordongekko278111 жыл бұрын
Every college student should be required to watch a presentation like this one before graduation. Debt = Enslavement. The key to avoiding debt = never buy anything that you cannot afford. There are only three situations in which someone should borrow money: 1) buying a home 2) investments (college education, starting a new business, etc) 3) medical related expenses When you buy stuff with credit, you are enslaving yourself!!! Stop doing it! Slice up your credit cards. Free yourself from debt bondage.
@stephenbraverman44842 жыл бұрын
Adam, when you made this ted talk you were light years ahead of your time. You were a very lucky person to realize this concept. This concept is the road to freedom.
@TorbenRudgaard10 жыл бұрын
I decided to NOT buy any crap, to live a simple frugal life and instead buy condos and houses and rent them out. Today I have $30,000 a month after taxes and I travel the world currently living at Wong Amat Beach in Thailand. I LOVE MY LIFE :)
@diannebarnard818910 жыл бұрын
I love your life too!
@pampam710 жыл бұрын
I also love your life
@MsCordially10 жыл бұрын
I bet your rent is too high, and that you pay lots of cash for young thai sexual partners
@pampam710 жыл бұрын
MsCordially way to neg up someone else's windfall. I love people who just wanna shit on someone else coz they aint got nothing to show for there life except misery and whinging
@MsCordially10 жыл бұрын
Pam Pam I'm glad you love people. I also love people . You get back into your bible while i face the realities of life. My stating an opinion is not a big deal - but for you it equals shitting on someone. Miserable people most often like to call others miserable
@yawelwei306210 жыл бұрын
Excellent talk on freedom and freeing oneself from clutter- physically, mentally, emotionally, and spiritually. I like how he said "We were writing our own script. We were in control of our own life." What congests you from adapting and moving? Very inspiring and I hope more people live this way. As Eckhart Tolle has said, "In the new world enjoyment will replace wanting." Having said that, I agree with one comment that stated a good idea is to build a small home, lower expenses, and go on adventures from there. It's still good to have some savings as cushion rather than spend it all on a trip.
@beltfedhate5 жыл бұрын
That was one of the best talks I’ve ever seen. Thank you.
@theaudreypuente7 жыл бұрын
Fantastic Adam!!!! I started selling my stuff on eBay and have now developed an online business! On the road to freedom!!!!!
@Furtivo959 жыл бұрын
I don't own a garage.... also negative debt free. Travelled the world since I was 24 yrs, on a shoe string. Invested in a business opportunity 11 yrs ago, bought an apartment complex soon after. I live at an amazing cottage in Venice Beach, 1/2 a block from the sands....for less than what I rent 1 unit for. I am a master of simplistic, ergonomic home planning and realize a larger space does not = more happiness. I am launching a new business next year. Material freedom means you are only limited by imagination.
@afierylight6 жыл бұрын
So you're not married and have no kids. Got it.
@codypolar65936 жыл бұрын
@@afierylight It's all about the right spouse and not spoiling your kids.
@howardmorgan77117 жыл бұрын
Fascinating, well presented, and authentic Here's my story 42 years ago I quit London for a house and an acre in mid-wales 37 years ago I gave up smoking - debt is not the only financial drain 1990 an overtime opportunity cleared my mortgage - spending is as important as earning 5 years later, an early (and enhanced) retirement offer came along Freedom for me has been a lifetime's task, but no addictions, no debt, my children, grandchildren, great grandchildren, gardening, and a bit of dinghy sailing Luck has played a part too - I have spent almost as long retired as working, lived twice as long as my dad and - oh, and married my college sweetheart, 50 years ago next Friday I have been unconsciously seeking freedom all along - so thanks for showing me that. Good luck
@preetyagarwal117 жыл бұрын
I sold my stuff, but I need my juicer back now
@codypolar65936 жыл бұрын
I've been selling my stuff for 5 years now. You only sell the stuff you haven't used in a while.
@genalee52115 жыл бұрын
Preety Agarwal 🤣🤣
@niviamaeva5 жыл бұрын
kkkkkkkk
@sarah298805 жыл бұрын
Lol
@silviodeassis57285 жыл бұрын
Preety Agarwal I can give a some juice.
@Waqqar797 жыл бұрын
When we buy things we don't need, We'd soon be selling the things we need... Amazing Lecture, Very thought provoking, FREEDOM is what we all are looking for, but I hope we'll look for it in the right place after this lecture...
@berryfairy6810 жыл бұрын
This is sooooo true... I am a prisoner of my "things" I've always wanted to leave everything and run!
@margaretjames15792 жыл бұрын
I get so happy remembering my grandparents house with their beautiful antique collection on display in every room. They only had the Chinese dolls in storage. Two of them and each visit my Grandmother got them out and showed them to me. She also had a three acre yard with exquisite vegetable and flower gardens. Then we went to see exquisite collections at the KC museum and the Nelson gallery.
@oodleyboo11 жыл бұрын
I think that we feel we have achieved something when we can buy that "thing", but if it holds your life back and you become enslaved to it by repayments & having to be stuck in a job to pay them off, it's like we are imprisoned by our "things". I am lucky that I don't have a partner and have learned to live frugally as a result, or else I might also have fallen into this trap for sure.
@E5Bobby10 жыл бұрын
Mr. Baker is incredibly wise for his young age. I'm taking Dave Ramsey's Financial Peace University course right now and Mr. Baker's message is almost a mirror image of Mr. Ramsey's mantra. It's a HUGE truth that these people are sharing with us. The question for us is - having heard it will we act upon it.
@LunchBOX360S10 жыл бұрын
I'm 27 and have done this for years. I grew up with parents that were business owners, but never used a line of credit once in their entire lives. They preached "You only buy what you have money for, if it costs more- then you SAVE until you can afford it in full." One of the sad truths in our society today is that advertising and marketing has wound itself around our subconscious in a very creative way, to convince us that we NEED these things they sell - because we DESERVE them. But the truth is, we DESERVE nothing. And furthermore, we NEED even less. Go to any third world country and you will be hard to find one example of this deserving/ entitled way of living. These people have much less in general than us westerners, yet somehow, they still find joy and happiness in the small things in their every day lives. Most importantly, their families are what seem to matter most. But third world economics are not what I wanted to really talk about. What I am really trying to get at is this: Establishing a conscious realization of the difference between needs and wants, is the first step to living a truly DEBT FREE LIFE. If I've captivated you're interest, here is a short synopsis in how I have implemented these financial and psychological views in my own life, and am currently living in chosen unemployment, and debt free as of 2/25/14... From the time I graduated in 2005 I have lived my life as I have wanted. I move when I want, work where I want, and when I want. Travel and experience whatever I desire. All of this WITHIN REASON of course. The problem with what we'll call "financial reasoning" is that it is purely subjective. Therefore everyone needs to establish their own base line for what is acceptable, and what is not. You must ALWAYS hold yourself accountable to this baseline from that time forward. Unlike a lot of people in their late teens and early twenties I didn't approach my parents for constant hand outs. I chose not to take the path of college and debt, so money has never come "easy" per say, but I've always found a way to create what most refer to as a financial nest egg at multiple intervals in my life so far. Money for when life throws a wrench, or I desire a trip, or lust after something out of my ordinary life. Wanting is a human trait after all. Marketing gurus prey upon this fact, and play into our EMOTIONS. This is how we convince ourselves we WANT crap we don't NEED. We form strong emotional attachments with our belongings. We've actually been brainwashed/ conditioned to do so. Don't believe me? When you buy or more importantly find yourself THINKING ABOUT BUYING something in a store (as we do often) are you telling your "wow, just think about how functional this *insert item here" is!? No. Not at all. We think about how cool or how pretty it is. More importantly how much more superior it is compared to what we already own. And how much more interesting and superior we will look owning it. And closest to the truth, how much better we'll feel about ourselves after buying it. This is a hard one for most people to admit. We all do it, I myself even give in from time to time...the trick is to keep this desire at a very minimal level. To only give in when you truly can afford to splurge a little bit. Another way I have stayed out of debt was to have no credit cards and use only personal bank loans, and bills for establishing lines of credit for the future. I do want a house, family some day so credit is unfortunately crucial. I also PURGE/SELL belongings on a 1 to 2 year basis getting rid of crap, junk, and things I don't need or use anymore. I found recently that it is much easier to pay a small fee for included furnishings in an apartment rather than trying to drag around and ship things from state to state. Here's a FACT. Your crap that is already worth half the price of what you originally paid for it, will get exponentially more and more expensive on you the longer you keep it. So only keep what is MOST IMPORTANT TO YOU. Everything else is subjective "stuff." I scored a job last year where I was really able to put some money away. It was a extremely high stress job and due to personal issues with management and a death in the family I ended up walking after just 9 months. Through this though, I was able to use my implemented financial methods, and took over 6 months off from work! I was able to wake when I wanted, enjoy life, and to focus on myself without any financial burden. A few sacrifices were made to justify it in my mind- but this time has been extremely beneficial for grief, reconstruction of my own psyche, and for reexamination of wants and desires in my life. Death has a profound way of making you see these lines clearly. This is my second time retiring for awhile in my twenties and I plan to do it once more on a tropical island before I'm 30. I'm sure there will be nay- sayers to this short story. It's "reckless," it's "immature," "wait till you have a baby.." I get it. It probably won't work forever. But as long as i'm unmarried and childless I see no fault with this system. I essentially live for myself, therefore my own happiness is entirely in my hands. Most friends and family that have asked me about what I do say the same thing. "They would do it themselves if they could." Just like this TEDx talk I posted on, I'm here to say that YOU CAN! You just have to decide what you truly want in your life, and then spend and work towards those goals. Okay, any self conscious person knows there's more to it than that...but that's a hell of a first step towards a happier life- isn't it? P.S. some people have told me I have a knack for writing and should construct a book about How to Retire in Your Twenties. Would you read it?
@SaurabhP-gm3bt10 жыл бұрын
Yes, I will read it!!! I will buy it!! :) It's amazing what you've written. Thanks for writing all that. :) I'm 27 too, hate credit cards and have similar views towards life. Sometimes I get frustrated and feel to quit this busy life and really give time to myself, read some great books, spend time with family, travel the world and just think.. think about all the stuff in this cruel yet a beautiful world. Cheers!
@MsTurquaz10 жыл бұрын
Wow.. this "thinking about buying stuff" really hit me. That's exactly what I do. Thank you for poking my brain. Although I don't think those "stuff" will be pretty, or cool I think I will be more in peace with that white sofa and the exact color of my dream floor and... who am I kidding? It will look pretty and cool ^^ What was I saying? My point is, it is not easy to break a cs-us pairing.
@LunchBOX360S10 жыл бұрын
MsTurquaz Very very true. And you cracked me up with "color of your dream floor" haha. I went through a phase where I wanted chromed everything. I made it to lamps and then re-watched Fight Club. Nothing makes you want to throw your nesting habits away more than Fight Club.
@afierylight6 жыл бұрын
No, I wouldn't buy it. You're too young and only understand life up to 17.
@alfasurayya27686 жыл бұрын
Yes
@theclariguardgeek8 жыл бұрын
I was watching this for my family finance class and it really inspired me. I'm very recently married and being a college student makes me really want to get out there and be working already, but I know I'm a workaholic as it is, and working too hard isn't going to make me happy. Yes, we do need some physical items, and yes we do need money, but it's so easy to lose sight of the important things in life that REALLY make us happy. I love this so much!
@Edotter10 жыл бұрын
It's an odd, odd thing. I live in a very nerdy multi-adult household. 75% of our "crap" is BOOKS. Somehow I never felt right being guilty about that.
@jacquelinemariani468210 жыл бұрын
Last year I sold everything I own except what fit into 2 suitcases and moved to another country. I'm debt free, crap free, and feel great! Truly feeling free for the first time in my life.
@EricDavidFloyd10 жыл бұрын
Freedom is just another word for nothing left to lose
@Jennifer_DeCuir5 жыл бұрын
Nothin', don't mean nothin' hon' if it ain't free.
@samreed22555 жыл бұрын
EricDavidFloyd.... Dude! You beat me to it. That's exactly what I was going to type in. I got delayed responding to the complete a$$ hat that is Adam Coleman, but then was getting ready to type in my intended reply and BOOM..I saw yours. Lol. You got me..... Everyone knows who famously sang it. But, do you know, with no help from Google, who wrote the song?
@samreed22555 жыл бұрын
AND a tip of the hat to JenniferDeCuir. I'll ask you the same question as I asked EricDavidFloyd: We all know who famously sang that wonderful song, but without Google's assistance, do you know who wrote the song?
@jmsjms2965 жыл бұрын
@@samreed2255 Kris Kristofferson
@الوادحة9 жыл бұрын
Oh Boy, at the beginning I thought what can you tell looking that young and without experience. But when you talked about your family decisions I started listening to your words and came to the conclusion that I agree to you in various points and I wanna say thank you about your speech.
@angelaengle125 жыл бұрын
Freedom for me is never having to work for others, only for myself.
@dondressel48025 жыл бұрын
Angela Engle yes my friend started his own business in his 20’s He’s 63 now and he nets 4 million a year and owns 20 rental properties mortgage free I wish I had followed him
@jmccoy082111 жыл бұрын
How serendipitous that I came upon this! I am doing this right now! My "crap" cycle is ending! I do still wonder how one just "goes" without the steady income or dreaded "insurance" that we are all taught we "must" have... It's a fear tactic... and I'm learning that it's self-imposed and unnecessary... still learning after all this time-PRECIOUS! Excited about living the freedom that I've always wanted!
@laphroaigdrinker10 жыл бұрын
He almost gets there, but he just misses it. His goal is still security. What happens when you realize that you don't have control at all?
@Whyrweherereally11 жыл бұрын
Agreed. This is all about the psychology of 'speech', and how you sell your ideas through communication to others, whether theres actual value/truth in it or not, thats all this is. telling people things they already know, but prefer to hear it again as a form of reassurance or reminder.
@michellewebb30447 жыл бұрын
Excellent points-except 1) hard work doesn't mean good pay for everybody. There is a problem with this script. the problem is for the working poor, the global south and the environment. Our relatively inexpensive material wealth is built on the backs of underpaid workers and undervalued natural resources.
@harindersingh51746 жыл бұрын
I am in complete agreement with your opinion. Couldn't have said it better
@b0b0-5 жыл бұрын
The global South? Hahahaha new levels of foolishness . Darwin said that cold weather people evolved to be better planners because it was completely necessary to survive.
@windsofmarchjourneyperrytr28235 жыл бұрын
@@b0b0- problem, tho? Heat kills 4x as many people as cold. I was as surprised as you are. It's like 30 from cold a year, vs 130-140 for heat.
@Qmedjoe5 жыл бұрын
I so needed this! Three months ago I was debt free and set up my Tacoma as an overlanding vehicle. With the money saved I decided to buy a house and now I’m $30k in debt (not counting the $150k Mortgage.) I’m fixing this house up, selling it and all my other stuff and actually doing it this time!
@TheTripstraps8 жыл бұрын
I have known that for many years. it is good to know that other people also think so. I own little, though these things are very good quality and I took long time to choose them. quality. I recomend, when people get rid of teir useless stuff, give to those who live with little because they can not afford more. to developing countries. or someone around you who is really poor. give to those who are in need. that is the second step of that thing. but its a beginning what he is talking about:)
@janetttyminski72952 жыл бұрын
I’m in the winter phase of clearing out my clothing. Almost every day I wear a different outfit to work. I set a deadline to get rid of items I have NOT worn in a year. Now when I wear something, I evaluate how it really looks on me. If someone compliments me on how good it looks, I keep it for another year. If it’s frumpy, no matter how good the quality of the garment, it gets donated.
@cheezbag3 жыл бұрын
"Rich experiences are worth more than property and bank accounts." -Alan Watts
@sopka198511 жыл бұрын
Adam Baker is my hero
@reggiethecommenter91379 жыл бұрын
If you like this, read ""The 4 Hour Work Week" by Tim Ferriss.
@DioDiablo7026 жыл бұрын
This video has made me question and challenge my own attitude towards life. This, more than anything, has helped me learn about myself.
@saracornchip85309 жыл бұрын
Welp. He just made me cut my credit cards up..
@25marshalyn10 жыл бұрын
Wow! I love your speech. It's interesting because in my twenties I had a good life materially but I wasn't happy. Now I have nothing, debt FREE and the happiest I've ever been.
@danielgiles33236 жыл бұрын
Don't "do what you love," do what you maximizes your utility. No one is going to pay me to re-read Tolkien and eat pizza all day.
@miainsel5134 жыл бұрын
No but being debt free means you can take a lesser paying job with fewer hours that you like so you have plenty of time to sit around reading and eating pizza.
@boomerrob92234 жыл бұрын
That is completely not what I take from this. Minimise or remove your utility. Get out from under.
@TBlev2153 жыл бұрын
But reading does train your attention span to focus on your passions, and you can make your own pizza and level up your cooking skills.
@ballroomdancer027 жыл бұрын
Listened to it twice. For me happiness is my relationships. Thank you for asking the question.
@Marie-oy1bd7 жыл бұрын
“The mass of men lead lives of quiet desperation.” --Thoreau
@anne-marielloyd296 Жыл бұрын
Brilliant thank you. Very inspiring and very true...Here I go off on a journey with my husband, we have bought a motor hoime (UK)and looking forward with our pups to spending quality time together...yes we need some stuff but selling the rest. Thank you Adam and your gorgeous family.🤩
@michaelb24347 жыл бұрын
10,000 dollars in debt. no assets, job, or goals. good luck finding me on the Appalachian
@OfARisenFall11 жыл бұрын
Amazing, I've been thinking like this for a while but have still always felt the 'need' to satisfy the views of others, that despite how I want to live, I needed to fulfil a normality which was not only poisonous to my life, but prevented me from attaining a piece OF my life. This speech has spurred me into disregarding the supposed importance of other's views on my decisions because, hey, it's my life, I'll live how I want to live and make decisions I want to make. Some might be wrong, but if they're what I want I'm going to go for them and find out for myself instead of never have attempted it out of fear. It'll be hard to go forth as I've got some pretty heavy anxiety issues, but I'll be damned if I stay this way forever. Time for change, thanks Adam and TEDx for giving me a little reinforcing encouragement!
@MoonLiteNite10 жыл бұрын
turned 19, got a job paying 8$/hr, went to college, quit college after i saw how much money i wasted for what i learned, bought a house at 22, got a nice job paying 12$/hr at 24, invested 40k into solar panel cells. Now 28, 40k to go for my house, own my car, solor panels are paid off for, make 17$~ at the same job. I still do not own a couch, do not own a big TV, no kitchen table, no chairs. I own a computer, a small TV, and items for a kitchen. Anything i had collected over the years is sold. items = garbage = trash = waste of money! Sell it for money!
@afierylight6 жыл бұрын
If you think $17 an hour is a nice job, you've been deceived. Wait til you have a spouse and kids.
@paulaw4186 жыл бұрын
@@afierylight It can be depending on where you live. & Maybe he'll marry a woman with a job of her own, that way getting a wife will be an asset rather than a burden. BTW that was a pretty sexist comment on your part.
@danielcordova25875 жыл бұрын
I'm glad that my 25 year old son already knows this. I asked him one year what he wanted fro his birthday and he told me that he didn't want any thing, he wanted an experience.
@violacrb10 жыл бұрын
While the approach he suggests is a kool-aid solution, the thought process and self-examination that led his family to the decision is the real focus. You have to assess where you are and where you want to go with your life (if you are free enough to have the luxury of such a choice). Living life on autopilot is the common mistake.
@thelastsquidbilly74195 жыл бұрын
The catch is this, in order for some people to live this type of life, most others have to keep up the modern consumerist lifestyle. That is what props up our entire economy.
@truthinspector44309 жыл бұрын
our identity is not our experiences........our identity is defined with what we spend the most time with.
@truthinspector44309 жыл бұрын
Truth Inspector time is short. it's neglecting the King of the Universe that messes people up. He is coming soon. pursuing Elusive ideas of happiness are meaningless. This life is only a breath. Your soul lives eternally.
@tammiemiller1219 жыл бұрын
+Truth Inspector Yes, we all seem to forget that and it's the one true thing we have to hang on to. This is not a trial run and niether is the afterlife. Those who woke up in hell ten years ago are still there and will be there ten years from now and a million years from then. Money makes a good cushion, but if you don't have God in your life, none of the money matters.
@truthinspector44309 жыл бұрын
+Truth Inspector. Yes. you speak truth. time is short. Spend time with Jesus. He is the way the truth and the life and no man comes to the Father but by him
@johnbrown13149 жыл бұрын
+Truth Inspector You are what you own in this country. All of our laws serve material goods above human dignity, debt is the American way of life!
@GymClubHouse7 жыл бұрын
yep i have had a lot of experiences that do not define my real personality. it's what i do daily (spending time with) that defines my identity. it's everyday action and choices.
@anita595511 жыл бұрын
It's true and I agree. Everything needs to be done in moderation. We can't avoid a certain amount of consumption, feel good comfort and do need a place to stay, all the more important if there is a family and a kid involved. Freedom for me is to enjoy doing your work. Then you won't feel so suppressed and burdened every day.
@GregHuston10 жыл бұрын
Adam is fortunate to have a partner who shares in his views on minimalistic living. There's so many women out there that buy into having designer labels for each season, a fancy car, a 2ct ring etc. etc (men too minus the ring). I think you do need to get into "the game" for some of your life. Getting a Mortgage on house isn't a BAD thing, if you buy a sensible home in a good location in a down market and have a low % 15 yr mortgage or make extra payments and then sell the house at a profit years later, you can then go minimalistic. Especially if you maxed out your 401K while working and invested money into the market instead of the bank. Get out of the rat race after 15 years instead of 30+, and go pursue something that truly interests you. The problem is many people finance a 4 year education in "Business" or "Communications" and then find themselves under employed and go finance another 2 years to get a Master's just so they can get a $50k/yr job but are $100K+ in debt. Then they meet a hottie and drop another $10K-$15K on a ring, then they go buy a $350K+ 2700sqft House squeeze out a couple kids and then buy a $30K SUV to bring the kids around in, add in a few credit cards and you have a family with $0.5 Million worth of debt and no end in sight. That's the vicious cycle the bulk of the American middle class are buying into.
@afierylight6 жыл бұрын
You're dating the wrong women. Raise your bar.
@paulaw4186 жыл бұрын
Every single thing you said was based on CHOICES you made every step of the way. You weren't dragged into anything. Choose high maintenance girlfriends you eventually end up with a high maintenance wife (duh). Choose differently based on your values.
@FLgardener676 жыл бұрын
OUCH!!! Sounds like you made some bad choices and not ALL women perfer that life style.
@angelika77st6 жыл бұрын
There are people with a good head on their shoulders. Check out Dave Ramsey, many people have been brainwashed since we were babies, buy, buy, buy. It is a sad state of slavery to debt
@codypolar65936 жыл бұрын
I've been selling my stuff for 5 years now. It is very gratifying. I use the money to pay bills, like utilities. A good method that is not radical is that you start by selling the stuff you haven't used in a while. The "in a while" varies by your lifestyle ... first you sell what you haven't used in 2 years. Then when that's gone, you sell the stuff you haven't used in a year, then 9 months, then 6 months and so on. When you are down to what you use weekly, you may choose to stop selling.
@TR-hi5bi9 жыл бұрын
100% i think storage concept is nuts and such a waste of money.
@kenyagirl20098 жыл бұрын
+PinkBlueprint i agree. i think about it and can't imagine someone paying monthly to add more stuff to storage.
@trutherone21406 жыл бұрын
Unless it is storage for items/inventory for a business.
@inspirice98446 жыл бұрын
Only reason I'd pay for storage is to store my car while I'm in another country if I don't have a garage.
@latestscore53265 жыл бұрын
Me too ......and I own a storage company lol
@DavidS-pw5gd5 жыл бұрын
Get Rich by building and owning storage units. They are currently a thriving business.
@Henry-n7n89 жыл бұрын
i needed this talk, as i look around my apt, yes there is a lot of stuff i have not used in 15 years or more, i am decrapifying my self.. thanks again for a thought provoking talk.