December 2, 2024

46 thoughts on “7 Money Management Tips For Anybody Feeling Trapped In Life

  1. 1. Deprive yourself until you have some stability. 1-2 years
    2. Work hard until you have some stability
    3. Extreme changes are temporary
    4. Sit down and make a plan
    5. Examine plan if no results
    6. Only focus on the things you can control.
    7. Hope dies last

  2. I was In the service for 7 years and obviously wasn’t making good money..
    I got out and started making 150k which was 4x the amount I was making in the service. But still felt like I was living paycheck to paycheck.
    I sat down with my wife and had a real talk. We were going out to eat every week.. shopping on Amazon all the time. Just blowing money.
    Then we started living way below our means. And life has changed for us. I’m obsessed with saving now and still extremely happy in life. And now I’m on track to retire for good around the age of 46-48. I’m currently 27 years old and until I’m retired I will continue to live this way. All you need is consistency

  3. I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

  4. I found Dave Ramsey about 15 years ago but I was in my early 50's by then. I am proud to say I am debt free today because of him and his teaching about money. Im now in my late 60's and doing very well, but I can help but wish I had found this way of life in my youth. I can't imagine what my net worth could have been. Love your videos and your message.

  5. I’ve worked three jobs for three years. First year I paid off My student loan, second year I saved to buy a house (low interest 1% mortgage to live cheaper than renting) and third year growing My savings. Not stopping yet, however I only work two jobs Now. Very much worth it. Have not had a television in 5+ years, only free streaming on a tablet few hours a week, low or no spend everything – only exception is a 7 day hiking trip in the Alps every summer and splurge on a Big family dinner once a week. Everything Can become a habit. Key is focusing on gratitude, controlling your gratification and seing it as a Challenge.

  6. Thank you Austin. You've helped bring some clarity into my situation. You've inspired me to follow through with using my CDL. As much as the massive lifestyle change terrifies me, it's temporary; and soon I can go back to enjoying the things I'm so scared to go without – debt free. I hope you're right, and that my future self with thank me and say that this is worth it; because it's for sure going to be a hustle! Pray for my safe travels around the west coast.

  7. I really love your personality and outlook on life. I have very similar feelings about the world and money, but you can put those feelings and thoughts together so well in your videos!

  8. Eh, regarding my future self thinking particular sacrifices my current self is making are worth it — well sure, that bozo isn't the one doing it! It's easy for him to sit there with 20 years or so distance from it saying, "oh yeah, totally worth it."

  9. I always spent all the money that I had. I don’t even know why, it just seemed like it’s what everyone does so I did too.

    It was painful, but I downloaded my bank statements for the last year and did an analysis. It was shocking to see how much was going to Amazon, eating out , etc. I decided to cut out recreational spending, and work hard on minimizing spending as much as possible. It’s been kind of a slow start, but I’ve been making progress on paying debts, and building a little emergency fund. Even having that little bit of extra cushion is starting to calm down my anxiety.

    To be honest, buying all that stuff never even made me feel good, I thought I was “treating” myself, but it was just stressing me out. I feel more calm and centered, not deprived like I was afraid of.

    I include a small discretionary budget so I can get a latte here and there, but it’s a tiny fraction of what I used to spend and I’m happy with it.

  10. Hey Austin Sir , really nice video! I was wondering if I could help you edit your videos and also make a highly engaging Thumbnail which will help your video to reach to a wider audience .

  11. Very true I spent 48 years in a miserable marriage because I felt financially trapped. Thank God I finally came to my senses & got out & I wouldn’t go back for all the financial stability in the world!

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