In this video, I will share some of the items that I stopped buying in 2019. Recently, I have been focusing my efforts on two fields: budgeting and minimalism. Some of the items and expenses that I have cut recently will not be applicable for everyone who watches this video.
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I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
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10 things I Started Buying (deterring a bit from Minimalism)
Love the idea!
10 useful items that you actually need
Hobbies you do that are budget friendly or free
I’m a chef so I could teach you some things 😂
i always think: if i dont buy it, its 100% off
Hahaha yesss
That’s actually a really good mindset👍
Another way Graham Strephans puts it: “If i don’t buy it, it feels like a i got paid to not buy it.”
BRBallin1 yeah I’m with you on this one. I don’t like this saying
If your friends laugh at you for saving money and investing in YOURSELF they’re not your real friends!
KFreelance_959 why save money when their printing money all the time
KFreelance_959 😂😂😂😂😂 dead
Some of my friends started to laugh at me and called me cheap spender when i become financially disciplined.
@Vitor Barreto in a few years you’ll be the one laughing
Regarding “on sale”, DO try to buy something on sale, but only AFTER you’ve decided to buy the thing. Trying to WAIT until the thing goes on sale also gives you time to further consider the decision to buy at all.
Chris J I agree I save all year for Black Friday. I make my plans to purchase certain items that I need and when the date comes I get those items at significant discounts. Then because of the long wait many things on my list don’t make the cut so I don’t buy them. 👏🏾
B Ball Interesting the Ol’ Bate and Switch,,,but if the item I want exclusively is on sale then I don’t see how I’m not getting a deal?
Stephon Brooks plus the Item quality is not the same, specially in electronics
that’s great advice right there
When it comes to sales, I only search for items I’d buy at that moment anyway
For example, since I buy necessities such as toilet paper or yogurt, I’d buy a certain brand if it’s on sale and the quality of is worth it
Plenty of bargains are actually fake sales, when the discounted price is actually not that much lower (it’s just been lowered from a higher tag for the sale effect)
Just like Nate said, you’re not saving $800, you’re in fact spending $400 – since you wouldn’t have spend that money anyway
Came to suggest this 🙂
“Don’t invest in things you don’t understand”
This is seriously the best advice ever. Nice!
sounds pretty terrible to me if you apply it to something like bitcoin
@Michal Lupták That single month in december, if you bought bitcoin then, then you would’ve lost a lot. Almost any other moment and right now you would be in profit.
@Joep this statement is correct
I’m a wealth manager for a living (ignore the goofy profile pic, I also like shitposting and the internet.. unfortunately)
Never! Ever! Invest in something you don’t understand. Bitcoin is no exception. Investing without understanding = gambling
Its one of Warren Buffets investment advices
This is the most disciplined 21 year old I’ve ever heard of
He sounds like my brother, like really. This guy is so smarttt
seriously
Honestly
Oh you haven’t heard of John Fish then hahaha…
@Gabriel Caride Music now i’m curious! Keep talkin’
I always thought I needed a car- I’m carless right now during the pandemic and I’m actually feeling good about it.
I may not buy a car this year unless I have some passive income coming in to pay for the vehicle in full.
Thanks, Nate! This is a helpful video.
Cars are money pits! So many random expenses that make it very difficult to save!
Living in Europe taught me to just go to the supermarket every day to get what I need.
Idk why but I found this funny
seeing you here is a very weird and refreshing suprise
Believe it or not I saved up the most ammount of money as a student in the Netherlands, which is known as an expensive country.
Yes! And Food is more fresh that way.
@indieair hey man, could you give away some ways in which you saved/decreased expenses? I am studying in the netherlands as well and looking for things I could easily save money on as a student. Would love to know!
I used to be such a terrible food shopper and wasting money on food I didn’t eat. Such a shame. I’ve been really zoning into minimalism for 2 years now and I must say… the food shopping is def. that hardest part. I got to the grocery store with a plan for meal prep. love surrounding myself with like minded people! THANKS!
He is 21!? His parents did a great job raising such a responsible kid!
@Memo Gee I don’t think I asked your name
@Memo Gee a good upbringing plays a huge part in nurturing kids so it’s not bs.
Combination of both good parenting and his own determination.
I always rethink before buying and ask two questions –
1. Do I really need this item?
2. Is it really worth the price?
When it’s things we don’t typically buy, my husband and I will search the object on google to compare prices 🤣 sometimes standing in the aisle for 10 minutes just trying to figure out if it’s worth it
If you can ask the second question, do you really need it than?
I tried this today and suddenly the $500 I spent on Call of Duty this year doesn’t seem like such a good investment..😕
Or you could live off your parents and invest all your money for your retirement, and ask your parents for money to raise your kids and invest all your income in stable stocks or real estate. As long as your parents are fine with it, obviously you spend time with them and help them do things when they ask you.
@c a s t e d goooooood jooob
Hey Nate! Totally relate on the books 📚 you could also try utilising your local library. It’s been a game changer for me 👍🏼
10 things:
1. Items on sale
2. Drinks
3. Books
4. Overbuying food
5. Car
6. Extended warranty
7. Staying in hotels
8. Buying souveniers
9. Investing in things you don’t understand.
10. Branded items
THANK YOUUU
that’s my list too!😃
Thank you for highlighting the car-free lifestyle option!! Very doable in an urban setting, living less than 5 blocks from public transportation, biking for local errands. Reduces pollution!!
This kind of videos makes me so happy. I really think that we don’t need to spend the amount of money that we do. Since last year I have been trying to incorporate some minimalist habits into my life and personally, it has been the best that I could have done. I know that this is an old video but thank you for your content. It really inspires me✨
It really is fascinating how much economic stability and sustainability are similar!!
Almost everything on this list can apply to both sustainability and money saving.
Story time: about 3 weeks ago, my wife and I decidedly to do something I swore I’d never do, which was buying a brand new car (actually, a dealer demo, so it was a good deal). Anyway, as we went over our budget to find out if we could afford it, we found out we were spending literally hundreds of euros a month on delivery and take out. To make it worst, it wasn’t even fancy restaurants, but mostly “cheap” stuff.
Since then we have been making almost every single meal at home, we have saved a lot of money and we actually eat better and healthier than before.
Your car idea is so true, I found that out by accident. I started saving super quick after I wrecked my car. Instead of immediately going out and buying another one I just walked to work for a while. Then once I realized how much money I was saving by not having a car (maintenance, impulse buying, fast food) I didn’t buy another one. In 1 year I was able to save $9,000 from a $15 an hour job. The year after that I was able to save $11,000 in total. Headed to $30k and still don’t have a car!😁
You will stay in better shape too. What’s wealth without your health
Nate!
I admire the resilience you have grown and the personality you have implemented now to make the best decisions for your life moving forward. I am watching your videos about investing and I am really pay close attention to your advices. I thank you deeply for sharing your knowledge and expertise on several subjects. Many of us are being influenced in a positive way significantly🙏🏼
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies… I would greatly appreciate any suggestions.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree , I assumed I had a hang of the market at first, I gained $50k one year and I was super elated, not until I stumbled upon a portfolio-adviser whose been guiding me since the market’s been sham after the pandemic, to my utmost surprise I netted a whooping $280K during this dip, that made it clear there’s more to the market that we average joe’s don’t know.
that’s impressive!, I could really use the expertise of this advisors, my portfolio has been down bad….who’s the person guiding you.
Well i won’t say i have……..His name is “Nolan Velden Brent” can’t divulge much. Most likely, the internet should have his basic info, you can research if you like.
he appears to be well-educated and well-read. I ran a Google search on his name and came across his website; thank you for sharing.