Everything you’ve been told about money is wrong.

is it possible that nearly everything you've been told about money is wrong from the messages we see in movies and music videos to the advice we get from our family and friends it's impossible to escape everyone wants to give you their two cents on your dollar and most people have no idea what they're talking about think about it out of all the conversations you've had about money in your life how many of them were with someone who could confidently explain to you the difference between a 401k and a Roth IRA people are constantly sharing myths and misconceptions about personal finance despite the fact that they themselves are buried in credit card debt instead of talking about asset allocation automation and safety nets you'll hear them talk about discounts credit card points and being frugal to the point of deprivation don't worry everyone watching and listening I'm not gonna tell you to cut back on lattes buy as many lattes as you want that's roommate Sadie and he really loves lattes he's also the author of the New York Times best-selling book I will teach you to be rich you can focus on five or 10 big wins in life get a good job negotiate your salary invest every single month automatically make sure you have a solid credit score just get a 5 to 10 things right you'll never have to worry about the cost of appetizers or lattes again his approach to personal finance focuses more on the big wins than tracking every last expense and more on how to increase your income than on pinching pennies this is a whole part of the equation is missing and money all they talk about is cutting back I'm like what about the other side of the table you can earn more I was honored to have a chance to sit down with him to talk about how you might be able to earn more money create healthy spending habits and change the way you've been thinking about money for your entire life get instant access to the full 75 minute conversation by becoming a member at patreon.com slash Maddy Bella I hope you get as much value out of this conversation as I did why don't you just start out give me like a little bit of an introduction to the kind of work you're doing right now and what you've been up to Liz sure I decided years ago to take my college scholarship money and invest it in a stock market because I thought that's what everybody was doing in 1999-2000 I lost half my money and I realized I wasn't as smart as I thought I was so I started learning about money and at the same time I was learning about psychology and over time I basically got really interested in learning how to change my own behavior with money with careers and with negotiation and all kinds of parts of self-development so I started a blog called I will teach you to be rich I was sober when I named that I don't know a name again but start a blog ended up writing a book called I will teach you to be rich which became an instant New York Times bestseller and now we have 20 different courses on money business psychology and careers all different parts of living a rich life a lot of people online in the personal finance community like to talk about being frugal and cutting down on every possible expense and I know this is something that you've been going out against for probably 15 years now 15 years I mean how much tape do we have I'm about to go off on this frugality stuff yeah I mean the most classic thing is don't spend money on lattes okay everyone first of all don't worry everyone watching and listening I'm not gonna tell you to cut back on Monte's by as many lattes as you want this is a fundamental misconception that if you cut back on three or five dollars every single day that somehow magically 200,000 years in the future you're gonna have enough money to live your rich life first of all who wants to live like that second of all if you run the math that's not even that much money anyway three dollars a day and third it simply doesn't work people buy more coffee than ever I wake up in the morning I want coffee what they ignore is that you can focus on five or 10 big wins in life get a good job negotiate your salary invest every single month automatically make sure you have a solid credit score just get a 5 ten things right you'll never have to worry about the cost of appetizers or lattes again are there some sacrifices that need to be made though because sure well I love lattes I love going out for a cup of coffee every day and I don't want to sacrifice that can I apply that to everything in life can I have it all so I would love for people to develop their sense of what they truly love and what they don't really care about in my life I love convenience that's something that I call my money dial I can turn that spending way up so when you think about convenience for most people maybe they have a dishwasher maybe they send their laundry to be done or they have somebody maybe come and help around the house once in a while I turned it way up I double triple quadruple my spinning I have a personal assistant I wake up in the morning my calendars like perfectly organized it's like my art I love it but my computer is five years old I just don't care about it when I bought a car I bought a Honda Accord again don't really care about that when I we hardly ever eat out as a couple we just make food at home for a lot of people if you ask them what do you truly love spending on there tend to be some clusters wellness is one and that could be organic meat it could be training it could be going on a retreat to Tulum whatever food classic one relationships is a big one so the point I'm making is ask yourself what is the thing that I love and what if I doubled my spending on it well in order to do that which would give you joy you probably have to cut back on the things you don't really care about and instead of just spending a little bit here and a little bit there I'm a huge fan of going all-in on one big thing and then saying these things are just not important to me it seems like your definition of living a rich life and the concepts in minimalism are very intertwined it seems like it's just like different words different ways of not even different ways of looking at it because essentially it's about when you talk about money dials finding what you value most in life investing in that and then just letting the other stuff go minimalism and I will teach you be rich we want to find the things that we love that we value that we care about and then like you said we want to let the other things go how you do that is up to you you can truly like let him go in the book I talk about the fire community financial independence retire early and some of these people choose to basically retire with like a hundred or two hundred thousand bucks they retire in their 30s and they live a very very simple minimalist lifestyle very simple that's not for me that's not my style but I respect that they have done that there's like the fat fire people who choose to retire early and they want to live in Manhattan and have like a fat apartment and you know send their kids to private school maybe not also for me but you can choose that what I want people to do is to decide what their rich life is and then use the money to fuel that and half the battle is really getting congruent with yourself and saying what do I want maybe I need to dream bigger on some of this stuff because I've been playing small but some of this stuff I just don't care about someone to get rid of it when it comes to money so many of us dream small and we play small so we spend our time debating about lattes we worry about a small amount of debt but when was the last time we actually lived a life of imagination where we said hey what if I had $25,000 what would I do with it and if you have never even thought about that for five seconds then how are you ever gonna know what's exciting to you with money and that's why most of us dread money we don't want to talk about it it's always something that at the end of the month we look at our bills oh god I guess I spent that much I want to flip that because I will teach you to be rich is about saying hey money can be exciting let's start with what I want to do I want to take a trip to Thailand I want to stay in an amazing place I want to take a food tour great let's start there and when you start with what you want then you can work your way backwards to or how do I get there but if you're stuck in LA Thailand and you're stuck saying I shouldn't spend money on this and I shouldn't do that you're never gonna get out of that what about somebody who might say like Rumi that's easy for you to say I'm working two jobs I'm $30,000 in debt I've got car payments all this it's hard for me to even imagine a world where I can get out of debt let alone pay my bills like how do those people the ones that are struggling the most live a rich life and get out of debt and set themselves up to be financially free I'd ask them one question what's your debt payoff date almost nobody knows I get these emails every single day they're like in small amounts of debt or huge amounts of debt and I always say the same thing what is your debt payoff date what that means is what is the exact month that your debt is going to be paid off if you know that answer you're in really good shape even if it's 5 10 15 years from now because it means you have a plan and you're automatically paying it off but of course the vast majority people don't they live under a cloud that's I'm in debt I have some of them think that it's existential and they have $3,000 of debt I'm like you could pay that off in a couple of months it's not that big of a deal or maybe six months some of them have significant amounts of debt but the commonality is if you just have this dull throbbing pain in the back of your head Oh dead suddenly you start to identify yourself like that you follow people on Twitter who are do are like right these really depressing things about macro economy and there's no way Millennials are ever gonna get out of debt you read subreddits where they think that they talk about everyone being in debt and worst of all you don't make a plan what I want people to do is go to a debt payoff calculator you can google it put in your amounts you would be surprised that probably 80% of the people I know who are in debt don't even know how much they owe so step 1 find out how much you owe step 2 plug it into a calculator you might discover that paying an extra 20 bucks or 50 bucks a month can cut that down by years and then 3 once you have a plan it's like you have a big sigh of relief now if you want to take an extra job or you want to negotiate your rates or you want to do X Y Z you can affect that plan but until you actually have a plan you're just just sitting here like oh this is really depressing and that is the worst place to be well I do have to personally thank you for for writing this book I remember getting this book I was 97 thousand dollars in student loan debt I had just bought a brand-new car which was it was before I read the book and so at that point I'm about like a hundred and fifteen hundred twenty thousand dollars in debt and it did feel overwhelming and it felt like there was just no plan because a lot of times people aren't really teaching this that's not being taught in school necessarily if your parents are bad with money it's not being taught to you by them so you have to go out and find this stuff for yourself sir I did I do want to just thank you for that because it really set me on the right path and helped me out a lot amazing what is it about the book and about these methods that work because a lot of personal finance it can be driven on like just the numbers but lecturing you yeah and I what I really loved about yours was the more of an approach on the behavioural change I sit in front of a computer all day and I get emails we have like hundreds of thousands of people on my newsletter and I love the emails I get but there's nothing like hearing one real person who used it and hearing why you decided to start using it and what she knows like I love it this is the highlight of why I do what I do when I started writing this book I got I was getting questions like what's a 401 K or like I have five thousand dollars in debt or I have five thousand dollars in my checking account I don't know what to do with it and the typical things that people had heard about money were luxury they were kind of depressing because it was like living the life of a monk which they did not want to do like I want to go out with my friends I want to pick up a round of drinks for them and also is just confusing you're like who do I trust Wall Street's trying to screw me but I don't even know how but I know I'm being screwed and I have a soft spot in my heart for ordinary people who want to do the right thing but the world is too confusing for them in personal finance because I spent years learning this stuff and for the ordinary person super heart like you read you hear these phrases expense ratios what's that back-end load huh even 401k what the hell is that and I wanted to have find a way to break it down for people and not just focus on compound interest charts because we've all seen these charts it's like dude if you started investing at age 17 you'd be rich by now it's like yeah well I'm not seventeen and I didn't start so what do I do now I wanted to integrate this psychology and I think all of us you and me included probably have something that we claim we want to do more of but we're not actually doing it I think for a lot of people it's working out for a lot of people it's money it might even be relationships for people and when I wrote the book I wanted to start in Chapter one instead of saying let's track your spending for the last month blah blah blah people are like super they don't want to do that they're like I don't know what I spent and also I know it was probably bad so I don't think I'll read this book I said here's how the credit cards are mistreating you call these numbers read these words off the page and you will get your fees refunded like magic and especially Millennials and especially in America everybody hates the phone so they were like I don't want to pick up the phone but they did it they get their 37 feet it's $37 Fira find it boom they're like this thing works and for the first time they actually take control of their money soon by the end they're negotiating $10,000 raises they are automating their money and I think what a lot of people would love to be able to do as they learn in chapter 5 is to spend one hour a month on their money and that's it and it just goes where it needs to go savings investments and my favorite part guilt-free spending so what are some of the updates to this book and what can people get out of it now compared to maybe when I read it 10 years ago so I was really proud that 95 percent of the investment material stands the test of time in fact 99% this is stuff that's timeless however there are a lot of things that have changed new tools there's questions about Robo advisors crypto I saw one of your readers ask about some crypto stuff today and better credit cards so I updated all that to tell people exactly the accounts that I'm using also the worst accounts to avoid I name names I tell people can I name names right yeah absolutely yeah okay don't use Wells Fargo they are predatory pieces of [ __ ] Bank of America you also suck they know that I don't like them I talk about them everywhere they're the worst yeah you're like on their own the negative influence early Bank of America but they deserve it and I have no financial ties with these companies but I wanted people to know exactly what I use because the fact of the matter is most people are not going to spend hours and hours cross tabulating all these different accounts they're like let me find someone who I trust and let me just see what he does so you know I talk about great accounts too for checking Schwab investor checking Vanguard for investments they're the best and there's a lot of good savings accounts in my experience like if I find someone I like like if I was gonna buy a camera I'm coming straight to you I'm like dude this is what I want to do what should I get whatever you tell me I'm like done that's what people were looking for when it came to the book so I updated the tools I updated lots of insights on money and psychology I'll give you an example do you ever remember any conversations that your parents had about money when you were growing up really I mean yeah yeah I mean it wasn't always good it was always the conversations around not having enough money Mike do you remember any phrases that they said wasn't cheap that was second when we got at Christmas gifts well it wasn't cheap and what did that mean to you I think whenever there was always it felt like we just didn't have enough money or is it how much does that cost yeah is a very big question and you buy a new computer everybody doesn't know how much it cost it's like the price is right in my house exhibit and and like if you say the wrong answer for example let's say you said it was twenty eight hundred bucks what would the reaction have been oh it would be in shock that you spent that much money on something that maybe they didn't see the value it yeah and so like you did it wrong oh my god I couldn't have scripted this better this is amazing so growing up in that family environment the messages that you are receiving are it's bad to spend a lot of money on things if I spend a lot of money I'm probably getting ripped off and frugality or low prices is the best value of all now imagine for people who grew up I'm sure there are a lot of people watching and listening to this they're like oh my mom and dad said that everyday or phrases like we don't talk about money in this family or I'm easy come easy go those things carry with you for 20 30 40 years and suddenly you're going to buy a car and you really want one type of car which you love but you say you know I don't know I should probably get the cheap one the one that you will hate every day for the next ten years while you drive it but you saved an extra seven hundred dollars why you just think that you did a rational analysis really if you trace it back it's the phrase you heard when you were eight years old with your parents and so in this book I show these crazy money messages that we absorb from society and some of them are good and some of them are bad and some of them are just appropriate for the time but we're in a new place my parents were immigrants they came here they needed to save money and that made perfect sense I still retain some of that frugality now but I've also turned the chapter in my financial life so now I don't want to be living the life of what I was learning at eight years old I want to be rewriting my financial story now so I added that to the book and for everyone listening if you've ever thought about your own money behavior and you've ever wanted to have a magnifying glass on why do I spend money this way or how come I can't seem to stop feeling guilty about spending you will find the answer the the quickest way to pay off your debt is to make more money right so how what are some of the approaches that people can go about making more money say as a freelancer and then also as somebody who's you know working a nine-to-five job what are these ways that people can make more money okay first of all I love talking about making more do you know why most personal finance experts never talk about earning more because they don't know what they're talking about they don't know how yeah that's as simple as that that's why this is a whole part of the equation is missing in money all they talk about is cutting back I'm like what about the other side of the table you can earn more so I have chosen to focus yes I manage my expenses but when it comes to managing I basically spend the same amount on most things except I have two areas that are I tend to overspend on them one is travel and one is clothes those are my two so I know that if I'm within these parameters it kind of Flags it red or green aside from that everything else is like pretty much taken care of if you want to earn more at your job there's some straightforward ways of doing it and then we can talk about free which I've done the typical way people think about or anymore their job is they just wait to be given a raise by their boss or they kind of build this thing up in their head they're like I'm gonna go in my boss's office give me some more money or I'm quitting and then of course the boss is like get the [ __ ] outta here and then they just like they don't know what to do they like ah not a good situation a better way is to be really strategic about it so here's a quick suggestion on how you can get large raises and this this works very well I will routinely be walking down the street in New York people will come up to me they're like I got a $16,000 raise because of what you taught me so this stuff works but the magic is in the details so what you do you send an email to your boss you say I would love to discuss some of the projects I'm working on and I'd love to get some time with you okay so you walk in and you talk to your boss you say you know here's what I'm working on I wanted to kind of sync up on my role my first question is what can I do to be a top performer your boss might be a little confused they might say this or that doesn't really matter what they say you need to simply go back to your key message what does it take to become a top performer because I want to exceed expectations in my role so by the end of that meeting you're gonna have three or four crisp things that you walk out with write them down for example you need to boost conversion from 10 to 12% you need to hire XYZ person and you need to do X whatever write it down and say you know what these sound great I'm really excited about now if I hit all these goals I'd like to discuss a compensation adjustment but let's deal with that later first I want to focus on this so the boss is gonna love it because you're coming in when no everyone else just floating along the river of work just showing up to work every day and you're saying what does it take to be the best here and by the way I'm gonna help you my boss exceed your goals let me take it on great you walk out you think about how you're gonna execute on that you send an email saying here's what we talked about compensation adjustment discussion later but for now I just want to work on these and the time period for this is typically like six to twelve months so you're sending an email every one to two weeks here's what we talked about here's an update now let's assume that you hit those goals if you don't hit those goals then maybe you don't deserve a raise but if you do you set up another meeting here we are six months later like to sit down again and update you on the goals you walk in now this is the best meeting of your life you walk in you say six months ago we talked about XY and Z well I'd like to show you a couple things I'm really happy just smiling boom you talked about 10 to 12 percent we actually have a confirmed 13.3% I'm so happy you talked about hiring one person we actually were able to hire two people we've got a third on deck you talked about blank boom the boss is just like loving it you're giving each other Pat's on the back great you say you know what the other thing we discussed was a potential compensation adjustment so I'd like to discuss that now bus getting a little nervous oh what's about to happen but the boss has been updated along every two weeks so they know it's not a surprise now you pull out your salary research which you pulled from salary comm you say based on my role you know I'm currently paid 58 for my role it looks like I should be paid between 63 and 67 I'd like to have an adjustment based on my performance of exceeding these goals to 67 thousand dollars now let the silence fill the rooms stop talking just shut follow my st hu technique shut the hell up and let the boss think boss is probably gonna come back and say look I can't do 67 that's above your current pay grade but you have done a great job we can talk about 63 okay so first of all you just made 5000 bucks but now you can have some negotiation you can use some of my videos on how to actually go through this but you walked out taking a proactive role in your career you set a goal with your boss you confirmed it every step of the way and then you walked in and said this is what I'm worth that is how you negotiate it's totally different than what most people imagine and if you do that once a year you can probably do that consistently for your career it is incredibly empowering I hope everyone just does that one thing you will watch your career soar if it works for you so if somebody is a freelancer they have their own business what are the ways that they can grow their business I know the common thought for most freelancers I would imagine would be I need to go out and get more clients that's classic and sometimes it's true but I I did a lot of client work years ago Mork there's like three ways to really grow your business you can get more customers you can raise the average order value or you can increase the purchase frequency that's like a very different way of looking at growing your business because most people only focus on one thing the classic thing I know a lot of creatives photographers writers etc and they just go through this it's not even feast or famine it's like famine maybe get a little morsel and then back to famine they're constantly dealing with low value clients so they're like getting 400 bucks here or 4,000 bucks there and they just like keep on they spend all their time just like chasing it's horrible have you experienced this or you know people like this yeah I mean early on a lot of my friends were trapped in the music video game making music videos where historically very low budget especially for the DIY guys people who work wedding films like there's usually a certain threshold of where you can go and for me I saw a lot of people doing that and just kind of scraping the barrel but not being able to get out of yeah they're just in this vortex yes stuck it's like quicksand in order to get out of that you have to make some really different and often difficult decisions and if you ask the average freelancer who's stuck in quicksand would you like to instead of charging 400 bucks per client charge 4000 they're like yeah I'd love that and you're like okay are you willing to do things differently yeah of course and then you show them a couple things they need to do and they're like [ __ ] that I'm not gonna do that so what I would say is if you are in a creative industry know that there are people charging ten times more than you go find them look at what they do and don't scoff don't D disparage them instead get see curious D to see why is this wedding photographer able to command $15,000 what do they do differently let me look at their website let me look at the way they talk about their services let me see what they offer and I'll give you an example from a travel agent I recently went on a very long honeymoon six weeks and I started researching travel agents now first of all have you ever used a travel agent no who the hell use a drive it's like so weird right I think yeah like exactly it is so so but this was a very long complex trip to multiple continents and I was like you know what I think that I could use the help and I started learning about the travel agent history I would like to challenge everyone to do this go Google travel agents click on whatever you find and just look what you see they literally all say the same thing they literally say provide you service value blob it's just like dissolve [ __ ] they all look the same that's how you look to clients if you're a wedding photographer I also hired a wedding photographer for our wedding they all look the same so we found someone totally different so let me give you a couple of examples once you do your research on all the travel agents you're just gonna be like these are all the same they're commodities they're like salt I could buy this I could buy that as a commodity I found two that I thought were phenomenal now for us for the clientele we were we want to take a luxury trip it was very complex and we wanted everything to be handled so that's the clientele we're talking about in this scenario go look at a couple of brands one is Scott Dunn who we ended up using Mikado is also a really good luxury travel agent go look at what they say in their positioning and branding and they charge way more than the typical travel agent why go study that and see what they do for everyone who is stuck on finding more clients realize this if you're currently charging four hundred bucks or four thousand whatever you're charging getting more clients is just going to put you in the same position unless you radically increase it unless you find a way to 2 X 3 X 5 X so think about what you need to change if you're only offering wedding photos maybe you can do same-day photos because your wedding couple wants to post it on Instagram maybe you can do different types of edits there's a million different things you can do what your clients probably don't care about is you talking about all your technical camera f-stop equipment they don't give a [ __ ] about that you got to really interview your clients and say what is it that you value and who else are you talking to study those people change service offerings and then constantly tested that's how you get out of quicksand you can really see where these money stories that we tell ourselves and our parents to ourselves as kids could even influence your business and I think sometimes we get advice from the wrong people Oh from a bunch of broke entrepreneurs you and your broke entrepreneur photographers all in the same subreddit oh there's no way life is so difficult boohoo it's like you're getting advice from other people who are not succeeding why are you listening to them and you're even thinking about yourself I would never spend $2,000 for a wedding film or a wedding video well you're not the client exactly I'm so glad you say this if you yourself don't value what you're offering your clients can sniff that out from a million miles away so I talked to a bunch of photography is amazing when I got on wedding photography calls with my at the time fiance dude it was insane we get on the call and it was like they all must have read the same book and I was like I whatever book this is it sucks cuz they start they go what's your love story oh goodness like what the [ __ ] first of all what's a love story and second of all this love story to some Rando I'm never gonna talk to you again so we had a 30-minute call right and like I'm I'm punctual and we're sixteen minutes into the call talking about how we met and I'm like I'm just like this just bad strategy you really I didn't say this but like you really want to be using 16 out of 30 minutes on our love story and I later realize they're trying to build a rapport and usually they're like dealing with the in my case my fiancee but I was like leading the call the calls were not going well finally we talked to one photographer who he loved and she was just like she asked us questions she could read the room and she realized okay like get to the point talk about what we want we had a multicultural wedding select oh I've done that I've shot an Indian and Jewish wedding dead it ended up now we're talking we're looking at her photos but like what did not come up I never asked her about her equipment I don't give a [ __ ] I just looked at her photos I'm like how fast can you get them how do you guarantee that you don't lose the film and I want this this and this done price was irrelevant when you nail the right client and you knew that the I always say price is a mere triviality so if you're busy worrying about things and you kind of know when it's not working it's like you're trying to convince these clients and they're just like they're not interested or you feel like you're really having to put the sell you know something is wrong when it clicks like it just fits that's when you know you've nailed the right client in the right position and the right offer let's do a few questions here from Twitter and then we'll wrap up Christian Chris solo how can I become financially free while being an average day job earner that's how most people do it so don't handicap yourself by saying oh I'm just an average day job where the vast majority who have become wealthy did it through something that you have access to which is the stock market so let's flip this I actually one of the most powerful things I learned from one of my mentors Jay Abraham was to take a weakness and turn it into a strength this guy says I'm just an average day job having guy I'm like you are set up man you can take the money that you make and you can put some of it into a 401k if you've got a 401k match that's free money do that you've got an IRA you can set that up it's all in here it's the ladder of investing where does your money go you can start and I know it might seem small maybe you don't have thousands of dollars but you start off small any raise you get take part of that put it in here so now you've got that flywheel turning every single month you've got money automatically investing the stock market we know on average returns about 7 to 8 percent per year that means your money is doubling every approximately 10 years that becomes phenomenal as you're adding to it so don't discount yourself you're in a really good position and of course if you want to accelerate that you can do something on the side when you come home from work or early in the morning so that's a possibility as well Cameron Moore oh this is good ok so he says if you only had $50 for me lost everything and had zero influence how would you get back to where you are now I wonder how long you think it would take I don't know if my next path would be exactly the same path as I took so first of all when I was in college I remember one of my professors said something to me he said I'm really jealous of you students because every quarter you get to erase your life and start over completely fresh and I didn't really understand what he meant but think about all the entanglements you now have you know you you have a house or you live somewhere you need to show up at this or that if you could just wipe the slate clean you might not end up in exactly the same place now you love what you're doing I love what I'm doing but I think it's an interesting thought exercise maybe once a year if I could wipe the slate clean what would I be doing more of and less of to answer the question I would start off by going to everyone who I knew and again in this fantasy world I don't they don't know me but and anyone I know who's doing interesting stuff and I would briefcase technique does [ __ ] out of them I would come to you I'd say oh I love your videos dead uh here's some marketing things that I have done in the past that worked really well in fact I did one for you it boosted views by 40% loved to see if we can set up time to talk right and I would do that with everyone else in LA and I would take one trip out here and knock out like 20 meetings boom I have three clients right there I would do the same thing with writing I would start writing for people I would do it for free I would also get paid ultimately I would also start an email list this is a huge huge thing that's probably the biggest business mistake I made was not starting an email list early enough now we have four or five hundred thousand people on that email list and people buy on email I would make sure that I started an email list and I would make sure that I thought about the topics that I was writing about I I right so that's the kind of way that I communicate with the world when I started out I was writing a lot of different stuff but it was important for me to realize that if you want a business not just a hobby you need to be also writing about topics where people want to spend money otherwise it's just a hobby I had a product that was a abysmal failure called the screwed strategy I showed people who wanted to save money all these cool techniques eight dollars a month well guess what it turns out people who want to save money don't want to spend money in order to save it it's sort of obvious in retrospect I would make sure I avoided those mistakes I think that's about it anything else that you want to add here before we close things out I just want to say thank you for having me and honestly my favorite part is just hearing how you use the book to create your rich life so thank you very much for happening yeah if you honestly like when you reached out we had a mutual friend to connect this and I was like Jeremy I was like oh sick it's amazing I mean honestly your work really did help me out massively early on and your writing has been super inspiring to so many people I know so thanks for the work you do thank you thanks for watching if you enjoy my videos here on YouTube you might also enjoy my newsletter every Tuesday I send out a short email on minimalism habits and productivity you can sign up for that at Matt DFL accom see you next time

Channel: Matt D'Avella

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Keywords: minimalism, personal finance, minimalist, minimalism and money, finance, minimalist living, minimalist money, financial minimalism, finances, minimalist lifestyle, minimalism finance, minimalism money, minimalist finance, minimalism personal finance, minimalist finances, minimalism and personal finance, minimalism and your finances, minimalist personal finance, minimalist money management, minimalist money saving, saving money minimalism, minimalist budget

Id: _NgA9dZC5qo

Length: 35min 40sec (2140 seconds)

Published: Tue May 14 2019

Reddit Comments

[u/Montrel_PH]

TBH, mas extreme pa nga ang frugal mindset ng iba dito compared to what Matt is doing and even Ramit XD

[u/ultra-kill]

Good points. What's the point of having money when u can't enjoy it. It's the same as allocating yourself some money to spend on what you like. As important as saving is, increasing the source of income is just as important.