A Minimalist Approach to Personal Finance

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  • ℹ️ Description

There’s a basic formula to win at personal finance. And it’s this… Make more money than you spend. In practice it’s not that easy. In the real world our money slips through our fingers. No matter how much we make our bank account seems to have its own agenda.

In this video I breakdown common myths, pressures & misconceptions about money and how to manage it.

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💬 Comments on the video

Hey everybody! I'm making a course on habit change (it's my first one and it's going to be awesome). There will be lots of videos, silly jokes, & most of all actionable steps to make any habit stick.

Author — Matt D'Avella


Very fortunate situation you were presented with.
Not many people have the luxury of moving back in after college to pay off their student loans. Many people are on their own at 22, with 100k in student loan debt. If you are this latter group, its alright. Keep your head up, and fight through it one day at a time.

Author — Table for Two


1. Drop the stuck up competitive " friends"
2. Set real goals and do one step at a time
3. Just go do it and don't tell anyone until it's done

Author — Svetla Nikolova


The wisest thing that should be on everyone mind currently should be to invest in different stream of income that doesn't depend on the govt especially with the current economic crisis around the world.

Author — Ronald Gary


Why is American education so expensive??? Everytime I hear about an American and their student debt I get anxiety.

Author — Asief Dhansay


This isn’t minimalism is it? Isn’t it just sensible?

Author — Dale Berry


“We buy things we don’t need, to impress people we don’t like with money we don’t have”

Author — jwcfree Tv


My personal rule #1 is don't confuse what you want with what you truly need. It's amazing how much stuff never makes the cut when you do this.

Author — Weeper Man


The only place where success comes before work is in the dictionary,

Author — Tran Nguyen


"You deserve to be debt free". That should pop up every time I log into Amazon!

Author — Jennifer Heyden


It's even harder if you're a Filipino. You are expected to support your siblings until they finish school, support your parents through out their lives, help your nieces and everyone in your family until you're exhausted.

Author — LeroPaste


My rule is that “if you can’t afford to pay for it with cash you can’t afford it”. I do own a credit card, but it has a zero balance. I use it to pay bills only and pay it off at the end of the month. A great credit score is a good thing to have.

Author — Scott D


Make as much money as possible. Spend as little as possible. Invest a lot of what is left. Repeat as often as possible, for as long as possible.

Author — Lughnerson


Trading have been the main source of my income even though I barely trade myself.
I’m growing my income on a daily

Author — Roger Souza


Another awesome book I'd recommend: "The Millionaire Next Door"

Author — AuthenTech - Ben Schmanke


Best short book to read is 'The richest man in Babylon'.

Author — David D


Since I'm paid an hourly wage, I think of the things I want to buy in terms of how many hours I have to spend at work. Certainly has helped cut out spending on things I don't really need or want. For the first time in my 30 years of living, I've got a modest but growing savings!

Author — Andrew


My favourite line: "What you deserve is to be debt free." Thanks, Matt!

Author — Mellissa Is the Bee


That “let’s be honest, we buy... a ton of shit” really hit deep for me

Author — Jordan Thorson


My father was born in 1926 and grew up during the Great Depression. He told me as a child, whenever he earned enough money from his paper route he would go to the bank and trade his change in for a dollar bill. When he got home from the bank he would borrow his mother’s clothing iron and carefully iron the dollar and then put it in a safe place to keep.

We were lower middle class growing up and I never had name brand anything; I didn’t even know what name brands were. My parents were savers, with 5 kids to feed and we wasted nothing. I remember my sisters making their own prom dresses with our mother. I remember riding with my father to the dairy farm to pick up milk with seven 1-gallon jugs. I remember planting our gardens in the spring.

My parents understood the value of a dollar and bequeathed that knowledge to me, for which I’m eternally grateful.

I’m 53 years old now and have lived below my means for my entire life. I’m proud to say I now have a net worth of nearly 1million dollars and expect to live comfortably in retirement. Not bad for a lower middle class kid starting with nothing.

Author — pstratt