This Book Is Why I'm Extremely Frugal

[@ElAgustin]

By joining through my link shortform.com/elagustin, you will receive a FREE trial of unlimited access and an additional 20% discounted annual subscription!

[@SouLoveReal]

I found this book on the Internet and have copied onto a *PDF file.* I'm able to call up two pages onto my computer screen. On the left, the book. On the right, the KZbin *audio of the book* video. I'm able to read along (¿or it that "cheating"?). Thank you so much for introducing this to me, El Agustín. I can't wait to read it. file:///C:/Users/Admin/Desktop/Money-Or-Life.pdf kzbin.info/www/bejne/fKaZoayin8-NbLM

[@SouLoveReal]

MONEY = *_"Better to HAVE it and NOT need it, than to NEED it and NOT have it."_*

[@Luncheon23]

The point that most resonates with me in this video is "Freedom is having enough." Sadly when surrounded by materialistic people you sometimes get questioned for being contented with cheaper things and a smaller income than they consider normal. But I'm happy with what I have and that's enough for me.

[@juliem.3936]

Materialistic people are just trying to justify their own spending and consumerism mindset.

[@suzannederringer1607]

I'm 77 and have been donating all the Household Goods I bought - largely from Thrift Shops - when I was persuaded to buy a small House ten years ago. I'm in 1BR Apartment now. Got rid of excess Clothes also. Now facing Bankers Boxes full of Books, Music Scores and CDs. That's actually all I have, but don't know if I want to keep this Library. Never had a Credit Card - always felt that if I can't afford something today, I cant afford it tomorrow. No Car. No Debt. But living very modestly on Social Security. My biggest 'unnecessary' expense is Coffee and a Muffin every morning at a small Café. I need to walk, and see other people. Can't stand being isolated in Apartment all day.

[@abrightcloud6961]

I’m happy that you have the time and health for your walk and your treat. In learning about frugality, I can see trading a few muffins for something else that you like, instead of having an “I can’t” attitude as I’ve had in the past. I have made many mistakes in my past, but your comment has helped me today

[@suzannederringer1607]

@abrightcloud6961 I've made many mistakes in the past, as well! We can't dwell on that - just find what works for us now.

[@katz20200]

Coffee & muffin=tasty treat, socialization, recreation, and supporting the local economy. Good for you!

[@marleestraup8449]

I read this book 20 years ago and it changed my life. Calculating my real take home pay was eyeopening! You add up all your expenses for your job like clothes, coffees, lunches etc minus and then figure out your pay per hour. This made me buy all my clothes from thrift stores, bringing my lunch and joining the coffee club at work. I saved a lot of money!

[@CaldonianDude]

When I discovered this book in 2006 I was 150k in debt, mostly due to divorce in 2003. I have not worried about money since about 3 months after putting the 9 steps into action. My finances run on auto-pilot now. I am long past the crossover point. If you do the steps, it works. The trouble is most people don't do the steps, or do half the steps, or don't even finish the book. I was desperate enough to do all the steps - rigorously. While it utterly changed my relationship with money, it helped transform many other areas of my life. I will always be grateful to Joe and Vicki. p.s. If you can, get the audio from Sounds True - it's worth hearing the steps from the man himself...

[@monicaluketich6913]

That is one of the books I read MANY years ago when I was told I was to be laid off. It changed my perspective on money and started me to figure out what I really wanted. Now, after retiring, I now have my 10 acre mini ranch with chickens, meat goats, a guardian dog, and a house cat. I have savings that will last until I die, and a house I designed for my life style and had built. LIFE IS GOOD!

[@rashedal.weaverphd1005]

You turned lemons into lemonade!

[@monicaluketich6913]

@rashedal.weaverphd1005 Not just into lemonade. I like to think I go for lemon champagne!

[@henriquealves5259]

It sounds like you are a rich person

[@monicaluketich6913]

@henriquealves5259 Frugal, not rich. I have what I need and no more.

[@TylerG7777]

I love Your Money Or Your Life! I read it about 6 years ago and it is the book that opened my eyes and started us on the road to financial independence. We carried a lot of debt. Now, our net worth is multiple 7 figures. We have almost 2 years of living expenses in the bank. This is the very first book that started me down the rabbit hole of loving personal finance. Also consider: 1) The Wealthy Gardener 2) The Richest Man in Babylon 3)The Latte Factor 4) Quit Like a Millionaire 5) The Millionaire Next Door 6) The Simple Path to Wealth 7) Stop Acting Rich and Start Living Like A Real Millionaire 8) Goodbye Things I’ve read all of them, and some of them twice! Read and find financial independence! Set yourself free!

[@ElAgustin]

Thanks!! I've read some of these books, but I'll check out the ones I haven't read yet. I'm always looking for new books to read!

[@loft27ss]

Dave Ramsey” s show and books are the best by far

[@mtngrl5859]

#1 and #5 are great books. I'll have to check the others out.

[@monicaluketich6913]

Number 2 is good also. There are a couple on the list I've not read - sounds like time to go to the library! Why buy if you can read for free? 😊

[@katherinepace7369]

I read Your Money or Your Life back in the mid 90s! I've been living intentionally and frugally and retired in my mid 50s a few months ago. The freedom is wonderful!

[@prepperboss]

Hey Austin, I am a 71 year old grandfather that read this book over 30 years ago. The most important point that resonated with me was to calculate one’s real hourly “take home pay” per hour. Hourly take home after taxes, and fixed expenses gives one their net to spend. So when one wants to buy something, you divide the cost by the net hourly pay and that is how many hours one has to work for it. I lived by that rule ever since. Hence, I am financially independent, all three kids all make over $200K plus each has > $500K in their 401k, and $200K-$300K in home equity each. This is a tremendous book I have lived by since the early 1990s.

[@ThinkingJames]

Sanaol may lolo tulad mo.. dito sa Pilipinas ang inaasahan lng ng lahat is yung anak nila bubuhay sa kanila pagtanda.. 95% ng retiree dito is broke then isusumbat sa anak sila dahilan kung bakit walang ipon.. ibang iba sa mindset tulad mo tay..

[@danawood8103]

I read your money or your life in my early twenties and it changed my life. It is 100% the reason my husband and I retired at 56.

[@Gone2travel]

Same. Retired this year at 57yo.

[@Craig121000]

I'm almost at my target, I'll be retiring at 50.

[@danawood8103]

@@Craig121000 way to go!!

[@gavinlocke5980]

Awesome 👍

[@CaldonianDude]

I wish I'd had the book in my 20s! I gave each of my nieces a copy of the book when they graduated university.

[@georgeandrews2839]

Money gives you options, debt takes them away

[@TheStrategos392]

Wealthy people are frugal. That’s how they acquire and keep their money.

[@how_to_love_more]

Austin is brilliant. I love his knowledge.

[@ebikescrapper3925]

They also understand the concept of delayed gratification. Invest money in long term investments which gain value over time.

[@ПЕТРКОТЬКО]

That's absolutely right.

[@mentalmadness9783]

Rich people are in a tremendous amount of debt. Yes, they often have high annual revenues, but it's as if one foot is in a bucket full of dollar bills while the other foot is stuck in the sewage pipe because of their debt and huge spending habits.

[@FocusonFinancewithTammy]

We recently moved across the country. This required taking only what we needed. It has been freeing and we've been careful to not spend money on stuff since we now know a lot of what we thought we needed - well we obviously didn't need.

[@Sobermama927]

I have also become insanely frugal and it’s saving me from stressing during this awful economy.

[@IndiAcres]

The books title comes from a Jack Benny radio show. His character was beyond cheap, it was the heart of the show. One episode Jack was being robbed, the robber said "your money or your life." Jack didn't respond so the robber, more agitated this time said "look bud, your money or your life." To which Jack replyed "I'm thinking it over."

[@danicegewiss862]

I am approaching 60 and am changing the way I dress. One dress=one pair of shorts, and one top. So I bought a few dresses and am unloading shorts and tshirts. I tested it and found that the way you dress tells people how to treat you. Dressing well means people treat you with more respect. I can't state that enough. The dresses don't have to be designer, just appropriate...not too short, not a bunch of cleavage... conservative style.

[@joannedunkerson7075]

I admire your frugality. How and where did you decide to unload your shorts and t-shirts? You're doing great! Keep up the good job.

[@monicaluketich6913]

When I retired to my tiny ranch, I did the opposite - went from office suits to t- shirts and jeans. And those blasted goats still can put holes in good, tough jeans with their horns!

[@TheFatesLieutenant]

Books (used) are my "gazingus pins" - worth every penny! I first read Your Money or Your Life in the early 90s and it really opened my eyes - Been frugal without pain for 30+ years and am now retired with easily "enough" and with mental, physical, and financial peace!

[@MaryLopez-em3rc]

Get rid of Amazon and Costco memberships, shop at thrift shops and Aldi only when you need things.

[@Avo7bProject]

For me, it was "The Power of Money Dynamics" by VanCaspel. In the opening chapter, she said: "If you can only remember one thing from this book, it's that a river of money will pass through your hands in your entire lifetime. It's what you do with it, that will determine your future."

[@pensacola321]

My wife and I read the book 25 years ago. Mindset and life changing. Comfortably retired now, and I still live by the book's lessons.

[@e.c.8951]

I really enjoyed this video. You should make more videos like this with other books you’ve read. Even though I’ve already read “Your money or your life”, I feel that your video impacted me more than the actual book.

[@ElAgustin]

Awesome!! I liked making this one as it was much quicker of a pace and packed with a lot of information! I think I might do 1 finance book a month for a bit! I actually went for a hike one Wednesday and listened to the audio book as a refresher and it broke up the week nicely!

[@writer89]

Yes I read that book several times and finally bought it. It is an excellent book and helps people truly understand how to use money. Definitely book to give for Christmas.

[@PrettyJewelryThings]

This book was introduced to me and changed my life and how I think about money a very long time ago when Vicki Robin and Joe Dominguez were on the Oprah Winfrey show. It was one of five books that put me on the path to frugality, saving and investing and it has now all paid off. Thanks for the great video.

[@plappin]

"Your Money or Your Life" had a huge impact on me when I first read it years ago and its great to be reminded of it here. The whole clutter issue really spoke to me as I'm in the "diminishing returns" part of my life when it comes to things: I have too much stuff but have the collector's gene and have a number of hobbies that involve a lot of stuff. I'm now figuring out how much energy I want to devote to streamlining my possessions: Sell them (which requires the investment of time and energy) or just put on the curb and be done with it -- the money I'd earn might not warrant the effort. Excellent video and what a surprise to see you in a print tee shirt! LOL

[@ElAgustin]

lol, I finally went clothes shopping. Being a small person, finding my size isn't easy so I just hate shopping for clothes and wait until all my clothes are rags until I decide to go shopping.

[@MNSkolGirl]

Yes! Money=Freedom is exactly how I view money.

[@noname-ea]

I am 34 (for another 4 months) and i am turning my life around. Grew up with no understanding of money, no one ever talked to me about money and momey remained a mystery to me. I have been building financial literacy for the past 6 months and am living extremely frugaly in cheap housing and no car payment. My biggest expense is my dog, as well as food, as health is a big priority for me. But I am able to save 50% of my relatively modest income (around 50k pr year after task). Mind you i live in one of the most expensive countries, and I have no emplyer pension I need to save for all of that myself. I will need to sacrefice the next 2-3 years in extreme frugality, to save save my first 100k, and then I will be okay. I wish I had known about this in my early 20s but I didnt so I am acting NOW! We can do this!!! ❤

[@Kootenay613]

4:39 "Begging the question" is when you assume that which is in question. What you mean is "it leads us to the question" or "we raised the question".

[@danklein8587]

This is an excellent book. I purchased the book and audio cd's 20 years ago. I highly recommend it. The audio is very entertaining. I do not agree with everything he says but 95% of his information opened my mind to getting my finances under control. And they are -:)

[@monicaluketich6913]

I have purchased MANY copies of the book over the years at resale stores to give to other people who needed a path to follow.

[@the_steezlord]

I've thought about buying this book lately after seeing you mention stuff from it before and put it in the descriptions of your videos. Video was uploaded just in time for my payday, here's to another half a paycheck stashed in savings.

[@sasz2107]

This was a good review of this book. 7:06 - 7:11 - the cost of working - this is also called "the cost of doing business". A HUGE portion of this is income taxes. There isn't a lot we can do about that. Other expenses include gas when we commute, depreciation of the car you drive, car insurance, etc. If you drive on toll roads, you pay tolls to get to work. As was said - clothes you bought for work, eating out when you wouldn't have if you stayed home, etc.

[@beth3535]

I’ve worked at home for 15+ years. No commuting has saved me countless hours and dollars as has eating at home and no longer spending to maintain a working wardrobe. I’ve also benefited from the focus without people chatting in and around my office, quick meaningless meetings, and drama. Sure there’s some but far less than there’d be if I was in the office. Are there trade offs? Sure. But I’ve managed to advance and still be my own woman.

[@everymomentisagift]

I have noticed lately that when I feel anxious I want yo go shopping for clothes. Now I am sitting with these feelings and becore I know it, the anxiety is gone and I haven't indulged in buying anything. Thank you for your summary on this book .

[@SarahFox-y1f]

I have never spent money to impress people. I only spend money to suit me and my family. Period.

[@beaglemit]

Defining my enough is a good one. Makes things clearer and also have a reason now. Good stuff!

[@Kyla94934]

This book is incredible. I just got it from my library

[@gavinlocke5980]

Good...I have not read but will

[@MissNewsky]

This is the best, most clear and enjoyful presentation of that book, I have seen to date. Great content, Mr❤🎉

[@ElAgustin]

Thanks!!! I tried to keep it to the point and packing as much in as I could!

[@gavinlocke5980]

​@@ElAgustin Your awesome honestly. I've paid off my mortgage. I'm debt free and live for freedom! You have a great ability to relate to people. Always watch your videos

[@JeanneAdams-u9n]

Ive stopped buying makeup except lipstick for the winter months..lasts me ages...and a little face powder....such fun trying different ways to save😊

[@loft27ss]

Another Must book to be read - “ total money makeover” by David Ramsey.

[@tubadurantdoda]

The quote is very impressive. Actually, it is possible to lead a comfortable life even with 1k a month if you stop impressing people and live life for yourself.

[@jessestraube6157]

This is a good synopsis on the book Your Money or Your Life!

[@laurennguyen1008]

This is my favorite money book. Truly life changing.

[@sharonfarnsworth3325]

I love this book. I read it years & years ago & other similar books. I retired at 56 yrs old.

[@graceturpin3000]

I ❤ watching all your video Austiin. Thank you for the wise advice. Very inspiring, worth listening.

[@sinisakarabatkovic-fq8qg]

Pretty good summary of the book. Companion book, written by different writers, " Getting a Life," gives more examples and explanations of the original book. Some other things mentioned in both books are how to lower inflation, how to control clutter of possessions and people, and how to go to therapy through frugality. Writer, Dan Miller, said that most companies charge customers 3 to 5 times your wage. True money tells you about your real job related expenses. You hit the jackpot.

[@PATRIOT-Canada]

Sometimes i feel like im in heaven, ive been on vacation for 5 months now, im very frugal & i still have plenty of money left to Continue vacationing but lately i want to go back to work to keep saving money

[@Revert2017]

I grew up with people telling me frugal people were stingy. My mother always spent more than we had because “the bomb could drop and we would be wasting are time holding on to money like Scrooge”. The bomb never dropped and I am 55 and racing a time clock to retirement. I am a very happy frugal person now and I should meet my basic retirement goals as long as I remain healthy.

[@eduardor0605]

OMG now I understand why I felt so much better without credit cards 😮

[@flonotflow]

If you haven't watched "Affluenza", I highly recommend it as well. Vicki and Joe both speak in various parts of it and while it's kind of dated (it was made in the 1990s or early 2000's) there is still a lot of good information in it. Same with any of the Tightwad Gazette books. I was so inspired by this video that I decided I needed to re-read the new and updated version so I just checked it out from the library to download to my Kindle! Thanks Austin!

[@ElAgustin]

I'll check it out!!! Thanks for the recommendation!

[@GrannyLinn]

@@flonotflow I had “Affluenza” in book form years ago. It was good. Abe Books or Thrift Books might be a good source for these older books.

[@Just...Peachy]

I just placed a hold for the ebook from the library. Saving money 😁

[@KM-vq4wg]

I read that book many, many years ago and really puts money in relation to life energy into perspective.

[@clicgear100]

My fav of all time!

[@KiraLou06]

I have been having the hardest time quitting smoking weed everyday. So much $$$$$ up in smoke. I am going to be frugal and quit!

[@professortraveler]

That's why I am able to travel and make travel vlogs around the world

[@jilross4892]

As long we depend on money there is no freedom

[@ogre706]

Agreed, money is the scam created to keep us going in circles. I've always been of the opinion that true freedom is to not need any money at all. Which is admittedly a near impossibility in our modern world, so the next best thing is to need it as little as possible.

[@scota73]

I read this book before my divorce and what a difference it made in my life. My online name for awhile was “the frugal wench” I’m now retired and of course debt free, life is good. Of course it’s the time to enjoy the money I’ve accumulated and I’m finding that hard to do.

[@joannedunkerson7075]

I'm with you in the same situation. I've had to live a very frugal life for many years. Now in my later years when I have an adequate supply of money, I cannot bring myself to enjoy things or splurge occasionally. My past is constantly holding me back.

[@sandrapartheniou5879]

Try and enjoy your money now, because if you don’t, somebody else will once you’ve gone .

[@NelsonFerguson-v7f]

@@joannedunkerson7075 So after all your hard work to have money before dying now it will be going to other people to enjoy it? Hell no. They can go to work for 40 years too. Just send me some. I promise, I will help many with your hard earned money. 😊

[@5eabea]

Excellent video and summary/review of a book that I felt also changed my life and how I look at money

[@Sleezin3362]

Thanks for the recommendation. I just purchased on Amazon.

[@alexkim4636]

Gracias por sus consejos saludos desde Argentina!

[@najihahyussof]

I've read this book because of you. It's a great book. Thank you for the great video, as always 😊

[@joannapatterson4625]

Great book! One of my favourites.

[@tharpeaddy]

I have two e-bikes Man life is fantastic I just want a simple life that’s is nice to wake up to I have polyester work clothing So working outside in the summers is a breeze Going to work doesn’t feel like a chore anymore… I just really enjoy getting things I want for a fraction of the cost… I buy used nike running gear etc I would rather have used name brand products than brand new off brand products that cost more… I don’t eat out at all… No kids no wife No debts… I absolutely enjoy my life! I work minimum wage gigs too but I’m very very very blessed that I’m not addicted to McDonald’s and Starbucks lol which isn’t even good for ya…yet it’s expensive which doesn’t add up but hey…I’m a minimum wage worker who doesn’t know much😂😂😂 😂 Yet I’m becoming more and more wealthy by the day… KZbin doesn’t like my content but no matter I’m still becoming more and more wealthy each day….youtube would have just made me more wealthy lol…but it’s fine…just makes me more uptight about spending money

[@Simsimmaification]

I’m half way through this book presently. Thinking about how much of your life energy you are using when you spend money is life transforming.

[@ElAgustin]

Definitely!

[@heidibonjour]

LOVE THIS BOOK! It changed my approach to work and money decades ago!!!!!!!

[@fafa1648]

I think you can even expand further on the "true hourly wage," and include monthly bills and expenses (rent/electricity/phone/car) and the number becomes even more depressing. Most people, once they factor all this in, are earning a fraction of what they believe they earn.

[@Johnpizzarelli-ny3xm]

with the right technique and digital patterns ensures every holder possibility to make more, and as digital holders we must agree to follow mcthomas.21 coordinates on the signal app

[@mtngrl5859]

Your hourly wage doesn't include one's rent or mortgage, unless one's business is operating in your home. For example, if you are a nurse and are paid $80,000 a year and work in a hospital. So, the amount you pay in rent or personal mortgage, has nothing to do with your career. If you are a dog groomer & you groom dogs in your home, then you can deduct a portion of your rent/mortgage it does.

[@brendaroca1049]

Omg new too😮love it

[@kesha9993]

I love the opening statement, maybe true but also funny how you said it

[@ElAgustin]

lol, I talk about frugality so much that I thought I'd put that in.

[@judithdamask899]

Loved that book. Checked it out of the library many times ❤

[@eizqarqash1991]

An idea for future videos Austin: I usually take pictures of the stuff that I refused to buy because they're considered wants rather than needs, and at the end of the month/year I calculate how much I have saved by saying no to those purchases. It would be interesting to see a list of the things you've said no to for the last 2 months for example and how much money you've saved as a result. PS: love your content/channel!

[@TRev-l6o]

Sometimes being frugal is being smart. Having less in many cases is like having more. Same goes for grocery shopping. Yes, it may be half of meat. But if you are going to cook it same day, why should you buy it at full price

[@dancer-rh4if]

Pretty darn good presentation! Thanks!

[@suzannederringer1607]

True Hourly Wage - You didn’t deduct the amount of Taxes taken out.

[@suehodgson5494]

Great book. Truly great book.

[@Aduhwan]

“Your money or your life” is an outstanding book. If you have yet to read it, put it on your reading list.

[@leannejayne3545]

👍🏼 you have a new top!

[@ElAgustin]

I finally went clothes shopping. I want to get more, but I just hate shopping for clothes and put it off. But I discovered the brand, "Express," and it's my new favorite store!

[@leannejayne3545]

@@ElAgustinit suits you, you’re looking great! Thanks again for the value in your videos, you keep me on track ❤

[@FutureWealthWarriors]

One of my favorite books!

[@ElAgustin]

It's a great book!

[@HappyDogAdventures-h4l]

One of my favorite books.

[@ElAgustin]

It's a great book!!!

[@luiguiD]

Gracias y bnos dias ati , que tengas éxitos en tosdos tus proyectos..

[@mohsinkalanjiam]

Thanks bro, you are being an inspiration

[@ElAgustin]

Thanks for watching!

[@Kelssinho]

I appreciate you, El Agustin.

[@HomesteadingRetirement]

You don't have to over-act for us. Just be yourself. You have excellent ideas, those carry you. Not this fake stuff. Great guy, I can see is you- That's my lame impression of Yoda

[@lauravterrazas]

I recently added this to my "to be read" list.

[@ElAgustin]

It's a great book!

[@mosesburgos31]

Thanks but no thanks El Agustine ! I’m taking your advice on being frugal and not spending on apps or sponsors. Thank you sir ! 😉

[@ceciliaarnoco7305]

I noticed your printed shirt 😊

[@chrisorlan]

It's a great book.

[@lionness_simsima5941]

Well educated from this book

[@juliem.3936]

We still have to pay Uncle Sam whether we have debt or not. Gotta get Social Security some day!

[@dianewiegel7136]

It was a great read.

[@FrugalFamilyFocus]

According to this book working at a leisurely pace from home is the way to be… gets a lot of hate, but the HIGHEST ROI and lowest actual hours applied!

[@Truthtoat]

Love your Content

[@LynSarayan]

Thank you Austin.👍great book 📚 👀 By the way nice shirt 🎉🤩🙏 You are a brilliant KZbin facilitator/professor El Augustin At Austin Williams youtube university✨👍

[@joycegonzales4994]

I loved that book

[@ElAgustin]

It's a great book!!

[@davidhamtaro]

Fantastic 🎉 i need to save just in case they mandate jabs again.

[@brent1387]

Just remember the doctors, hospital and nursing home will get all of your money in the end!!!!

[@767bob]

Not true if you plan it right. My in-laws, my father and my friend's parents did not lose it all to that on their final years. They did not have to stress over stress. If the finals years was not part of their retirement plans, then yes it can happen....

[@fieldsofgold775]

Even I thought I was abit excessive spending $70 k randomly this year 😳. Within a 3 month period. I just lost count. LoL Mind you. I don’t have any credit card debt or loans thank goodness...meanwhile I practically cooked the engine in one of my cars. yesterday. I’m like that’s a 3 grand fix.😫 Today ☝️I’m regrouping & trying to learn how to be more accountable on my finances.& turn it around. Thanks for the advice. Getting a job is first step towards bouncing back. It’s going to be painful 😂. Welcome to reality I was thinking. lol

[@pamv6549]

Great video

[@gulden_lover]

T-shirt is just a shirt. But I'd say: today you buy a nicer t-shirt, tomorrow you'll want a better car...

[@MissAguce]

Have you read Early retirement extreme by Jacob Lund Fisker?

[@cyoishi]

I was wondering what you are saying at the end of each of your videos?

[@CAGChannel1]

How has your dog blown your budget? Ours just blew our budget out of the water with a toe broken at the growth plate of all things. Then an allergic reaction to meds and X-rays and more X-rays and soft cast changes weekly and OMG