3.5s
Hello world. I'm an unemployed ex big Hello world. I'm an unemployed ex big tech engineer with over 25 years of tech engineer with over 25 years of tech engineer with over 25 years of experience in the tech industry. So our experience in the tech industry. So our
3.5s
Hello world. I'm an unemployed ex big tech engineer with over 25 years of
5.7s
tech engineer with over 25 years of
5.7s
tech engineer with over 25 years of experience in the tech industry. So our
8.4s
experience in the tech industry. So our
8.4s
experience in the tech industry. So our family has maintained a savings rate family has maintained a savings rate family has maintained a savings rate that is greater than 50 of our gross that is greater than 50 of our gross that is greater than 50 of our gross annual income for over a decade now.
10.9s
family has maintained a savings rate
10.9s
family has maintained a savings rate that is greater than 50 of our gross
13.7s
that is greater than 50 of our gross
13.8s
that is greater than 50 of our gross annual income for over a decade now.
17.0s
annual income for over a decade now. annual income for over a decade now. Having such a high savings rate has Having such a high savings rate has Having such a high savings rate has allowed me to experience my recent allowed me to experience my recent
17.0s
annual income for over a decade now. Having such a high savings rate has
19.1s
Having such a high savings rate has
19.1s
Having such a high savings rate has allowed me to experience my recent
21.6s
allowed me to experience my recent
21.6s
allowed me to experience my recent layoff more as a kind of semi early layoff more as a kind of semi early layoff more as a kind of semi early retirement and life journey transition retirement and life journey transition retirement and life journey transition rather than a grinding, grueling rather than a grinding, grueling
24.6s
layoff more as a kind of semi early
24.6s
layoff more as a kind of semi early retirement and life journey transition
27.7s
retirement and life journey transition
27.7s
retirement and life journey transition rather than a grinding, grueling
30.4s
rather than a grinding, grueling
30.4s
rather than a grinding, grueling survival situation that many laid-off survival situation that many laid-off survival situation that many laid-off techies are undergoing right now. Having techies are undergoing right now. Having techies are undergoing right now. Having a high savings rate, while not at all a high savings rate, while not at all
33.7s
survival situation that many laid-off
33.7s
survival situation that many laid-off techies are undergoing right now. Having
36.1s
techies are undergoing right now. Having
36.1s
techies are undergoing right now. Having a high savings rate, while not at all
38.6s
a high savings rate, while not at all
38.6s
a high savings rate, while not at all flashy, allows you to build up a large flashy, allows you to build up a large flashy, allows you to build up a large emergency fund. This mitigates the worst emergency fund. This mitigates the worst emergency fund. This mitigates the worst effects of losing your job. Maintaining
41.4s
flashy, allows you to build up a large
41.4s
flashy, allows you to build up a large emergency fund. This mitigates the worst
44.1s
emergency fund. This mitigates the worst
44.2s
emergency fund. This mitigates the worst effects of losing your job. Maintaining
46.9s
effects of losing your job. Maintaining effects of losing your job. Maintaining a high savings rate over long periods of a high savings rate over long periods of a high savings rate over long periods of time allows you to take those savings time allows you to take those savings
46.9s
effects of losing your job. Maintaining a high savings rate over long periods of
49.8s
a high savings rate over long periods of
49.8s
a high savings rate over long periods of time allows you to take those savings
52.4s
time allows you to take those savings
52.4s
time allows you to take those savings and put it towards productive revenue and put it towards productive revenue and put it towards productive revenue generating investments. If you do that generating investments. If you do that generating investments. If you do that enough, you will build up your enough, you will build up your
54.8s
and put it towards productive revenue
54.8s
and put it towards productive revenue generating investments. If you do that
57.5s
generating investments. If you do that
57.5s
generating investments. If you do that enough, you will build up your
59.3s
enough, you will build up your
59.4s
enough, you will build up your investments such that you're able to investments such that you're able to investments such that you're able to achieve financial independence and achieve financial independence and achieve financial independence and retire early if you so wish. So today, retire early if you so wish. So today,
61.3s
investments such that you're able to
61.4s
investments such that you're able to achieve financial independence and
63.7s
achieve financial independence and
63.7s
achieve financial independence and retire early if you so wish. So today,
66.5s
retire early if you so wish. So today,
66.6s
retire early if you so wish. So today, I'm going to share with you the I'm going to share with you the I'm going to share with you the strategies that we used to maximize our strategies that we used to maximize our strategies that we used to maximize our savings rate. Having educational or savings rate. Having educational or
67.9s
I'm going to share with you the
67.9s
I'm going to share with you the strategies that we used to maximize our
70.7s
strategies that we used to maximize our
70.7s
strategies that we used to maximize our savings rate. Having educational or
73.5s
savings rate. Having educational or
73.5s
savings rate. Having educational or consumer debt is like attaching a giant consumer debt is like attaching a giant consumer debt is like attaching a giant black hole to your wallet. It just sort black hole to your wallet. It just sort black hole to your wallet. It just sort of sucks all the money away from you.
76.3s
consumer debt is like attaching a giant
76.3s
consumer debt is like attaching a giant black hole to your wallet. It just sort
78.4s
black hole to your wallet. It just sort
78.4s
black hole to your wallet. It just sort of sucks all the money away from you.
80.8s
of sucks all the money away from you. of sucks all the money away from you. And that debt gives you nothing back And that debt gives you nothing back And that debt gives you nothing back except anxiety, grief, and regret. except anxiety, grief, and regret. except anxiety, grief, and regret. Whatever was originally purchased with
80.8s
of sucks all the money away from you. And that debt gives you nothing back
82.8s
And that debt gives you nothing back
82.8s
And that debt gives you nothing back except anxiety, grief, and regret.
85.8s
except anxiety, grief, and regret.
85.8s
except anxiety, grief, and regret. Whatever was originally purchased with
88.1s
Whatever was originally purchased with Whatever was originally purchased with that debt is long gone. But in the that debt is long gone. But in the that debt is long gone. But in the present, having to pay these debt present, having to pay these debt present, having to pay these debt payments, it prevents you from saving
88.1s
Whatever was originally purchased with that debt is long gone. But in the
90.5s
that debt is long gone. But in the
90.6s
that debt is long gone. But in the present, having to pay these debt
93.0s
present, having to pay these debt
93.0s
present, having to pay these debt payments, it prevents you from saving
95.3s
payments, it prevents you from saving payments, it prevents you from saving money for emergencies. If you leave debt money for emergencies. If you leave debt money for emergencies. If you leave debt unattended or if you're just paying the unattended or if you're just paying the
95.4s
payments, it prevents you from saving money for emergencies. If you leave debt
98.5s
money for emergencies. If you leave debt
98.6s
money for emergencies. If you leave debt unattended or if you're just paying the
101.0s
unattended or if you're just paying the
101.0s
unattended or if you're just paying the minimums on that debt over time, the minimums on that debt over time, the minimums on that debt over time, the principle of the debt can balloon and it principle of the debt can balloon and it principle of the debt can balloon and it can destroy a person's life. I know a
104.0s
minimums on that debt over time, the
104.0s
minimums on that debt over time, the principle of the debt can balloon and it
106.5s
principle of the debt can balloon and it
106.5s
principle of the debt can balloon and it can destroy a person's life. I know a
109.5s
can destroy a person's life. I know a can destroy a person's life. I know a lot about this. I live for a while as a lot about this. I live for a while as a lot about this. I live for a while as a debt slave myself. So many years ago debt slave myself. So many years ago
109.5s
can destroy a person's life. I know a lot about this. I live for a while as a
112.0s
lot about this. I live for a while as a
112.0s
lot about this. I live for a while as a debt slave myself. So many years ago
115.3s
debt slave myself. So many years ago
115.3s
debt slave myself. So many years ago when my wife and I just got married, we when my wife and I just got married, we when my wife and I just got married, we sat down and had a serious hard look at sat down and had a serious hard look at
118.0s
when my wife and I just got married, we
118.0s
when my wife and I just got married, we sat down and had a serious hard look at
120.8s
sat down and had a serious hard look at
120.8s
sat down and had a serious hard look at our combined household finances. We our combined household finances. We our combined household finances. We realized that holy crap, the two of us realized that holy crap, the two of us realized that holy crap, the two of us combined owed more than 150,000 combined owed more than 150,000
123.7s
our combined household finances. We
123.7s
our combined household finances. We realized that holy crap, the two of us
126.3s
realized that holy crap, the two of us
126.3s
realized that holy crap, the two of us combined owed more than 150,000
130.2s
combined owed more than 150,000
130.2s
combined owed more than 150,000 in terms of school debt. So, I remember in terms of school debt. So, I remember in terms of school debt. So, I remember having this soul crushing sense of panic having this soul crushing sense of panic having this soul crushing sense of panic and dread because literally just a few
133.0s
in terms of school debt. So, I remember
133.0s
in terms of school debt. So, I remember having this soul crushing sense of panic
135.8s
having this soul crushing sense of panic
135.8s
having this soul crushing sense of panic and dread because literally just a few
138.9s
and dread because literally just a few and dread because literally just a few days before that, my wife told me that days before that, my wife told me that days before that, my wife told me that she was pregnant with a kid. I realized she was pregnant with a kid. I realized
138.9s
and dread because literally just a few days before that, my wife told me that
141.3s
days before that, my wife told me that
141.4s
days before that, my wife told me that she was pregnant with a kid. I realized
144.2s
she was pregnant with a kid. I realized
144.2s
she was pregnant with a kid. I realized that my day job was super unstable since that my day job was super unstable since that my day job was super unstable since this was just after the great financial this was just after the great financial this was just after the great financial crash. And this mountain of debt is
147.8s
that my day job was super unstable since
147.8s
that my day job was super unstable since this was just after the great financial
149.8s
this was just after the great financial
149.8s
this was just after the great financial crash. And this mountain of debt is
152.5s
crash. And this mountain of debt is crash. And this mountain of debt is consuming more than 1,000 a month in consuming more than 1,000 a month in consuming more than 1,000 a month in just interest payments alone. So just interest payments alone. So just interest payments alone. So basically, this debt prevented us at the
152.5s
crash. And this mountain of debt is consuming more than 1,000 a month in
155.5s
consuming more than 1,000 a month in
155.5s
consuming more than 1,000 a month in just interest payments alone. So
158.1s
just interest payments alone. So
158.1s
just interest payments alone. So basically, this debt prevented us at the
161.3s
basically, this debt prevented us at the basically, this debt prevented us at the time from moving out of our tiny little time from moving out of our tiny little time from moving out of our tiny little apartment in the city and essentially apartment in the city and essentially
161.3s
basically, this debt prevented us at the time from moving out of our tiny little
164.1s
time from moving out of our tiny little
164.1s
time from moving out of our tiny little apartment in the city and essentially
166.8s
apartment in the city and essentially
166.8s
apartment in the city and essentially getting on with life as a family. So we getting on with life as a family. So we getting on with life as a family. So we went to work and started aggressively went to work and started aggressively went to work and started aggressively tackling this debt. We reduced our
170.0s
getting on with life as a family. So we
170.0s
getting on with life as a family. So we went to work and started aggressively
172.5s
went to work and started aggressively
172.5s
went to work and started aggressively tackling this debt. We reduced our
175.6s
tackling this debt. We reduced our tackling this debt. We reduced our household spending down to the absolute household spending down to the absolute household spending down to the absolute minimum. So, aside from rent for the two minimum. So, aside from rent for the two
175.6s
tackling this debt. We reduced our household spending down to the absolute
179.0s
household spending down to the absolute
179.0s
household spending down to the absolute minimum. So, aside from rent for the two
182.8s
minimum. So, aside from rent for the two
182.8s
minimum. So, aside from rent for the two of us, I remember spending like 100 a of us, I remember spending like 100 a of us, I remember spending like 100 a week. And that 100 accounted for week. And that 100 accounted for week. And that 100 accounted for everything like groceries, personal everything like groceries, personal
186.8s
of us, I remember spending like 100 a
186.8s
of us, I remember spending like 100 a week. And that 100 accounted for
189.3s
week. And that 100 accounted for
189.4s
week. And that 100 accounted for everything like groceries, personal
191.9s
everything like groceries, personal
191.9s
everything like groceries, personal goods, everything. We live like monks. goods, everything. We live like monks. goods, everything. We live like monks. By day, I worked my software engineering By day, I worked my software engineering By day, I worked my software engineering job at a consulting company. I was job at a consulting company. I was
195.3s
goods, everything. We live like monks.
195.3s
goods, everything. We live like monks. By day, I worked my software engineering
197.8s
By day, I worked my software engineering
197.8s
By day, I worked my software engineering job at a consulting company. I was
200.1s
job at a consulting company. I was
200.2s
job at a consulting company. I was pretty lucky to still have a job at that pretty lucky to still have a job at that pretty lucky to still have a job at that time. But even with the low six-f time. But even with the low six-f
202.1s
pretty lucky to still have a job at that
202.2s
pretty lucky to still have a job at that time. But even with the low six-f
204.3s
time. But even with the low six-f
204.3s
time. But even with the low six-f figureure salary that the job paid me, figureure salary that the job paid me, figureure salary that the job paid me, it wasn't enough to make much headway it wasn't enough to make much headway it wasn't enough to make much headway against that debt. So at night, I
206.7s
figureure salary that the job paid me,
206.7s
figureure salary that the job paid me, it wasn't enough to make much headway
209.1s
it wasn't enough to make much headway
209.1s
it wasn't enough to make much headway against that debt. So at night, I
211.9s
against that debt. So at night, I against that debt. So at night, I created a side business building Android created a side business building Android created a side business building Android apps for mobile phones. I remember just apps for mobile phones. I remember just apps for mobile phones. I remember just quickly learning the framework, all of
211.9s
against that debt. So at night, I created a side business building Android
214.8s
created a side business building Android
214.8s
created a side business building Android apps for mobile phones. I remember just
217.8s
apps for mobile phones. I remember just
217.8s
apps for mobile phones. I remember just quickly learning the framework, all of
219.9s
quickly learning the framework, all of quickly learning the framework, all of the views, the activities, the services, the views, the activities, the services, the views, the activities, the services, the configurations, and within literally the configurations, and within literally the configurations, and within literally a matter of about a week, I had my first
219.9s
quickly learning the framework, all of the views, the activities, the services,
222.4s
the views, the activities, the services,
222.4s
the views, the activities, the services, the configurations, and within literally
224.9s
the configurations, and within literally
225.0s
the configurations, and within literally a matter of about a week, I had my first
227.3s
a matter of about a week, I had my first a matter of about a week, I had my first app built and launched on Android app built and launched on Android app built and launched on Android Market. Now, you got to keep in mind Market. Now, you got to keep in mind
227.3s
a matter of about a week, I had my first app built and launched on Android
229.3s
app built and launched on Android
229.4s
app built and launched on Android Market. Now, you got to keep in mind
231.5s
Market. Now, you got to keep in mind
231.5s
Market. Now, you got to keep in mind this was like 2010, right? And so there this was like 2010, right? And so there this was like 2010, right? And so there weren't that many apps on Android and weren't that many apps on Android and weren't that many apps on Android and any app, almost every app was making
234.6s
this was like 2010, right? And so there
234.6s
this was like 2010, right? And so there weren't that many apps on Android and
238.1s
weren't that many apps on Android and
238.2s
weren't that many apps on Android and any app, almost every app was making
240.4s
any app, almost every app was making any app, almost every app was making money. You had apps like this thing that money. You had apps like this thing that money. You had apps like this thing that just made fart sounds and it made just made fart sounds and it made
240.4s
any app, almost every app was making money. You had apps like this thing that
242.4s
money. You had apps like this thing that
242.4s
money. You had apps like this thing that just made fart sounds and it made
244.5s
just made fart sounds and it made
244.5s
just made fart sounds and it made millions of dollars. So, I sort of went millions of dollars. So, I sort of went millions of dollars. So, I sort of went crazy and cranked out like 50 of these crazy and cranked out like 50 of these crazy and cranked out like 50 of these super simple crudformational apps. apps
247.6s
millions of dollars. So, I sort of went
247.6s
millions of dollars. So, I sort of went crazy and cranked out like 50 of these
251.0s
crazy and cranked out like 50 of these
251.0s
crazy and cranked out like 50 of these super simple crudformational apps. apps
255.2s
super simple crudformational apps. apps super simple crudformational apps. apps like timers, uh, flashing lights for like timers, uh, flashing lights for like timers, uh, flashing lights for running around the park, apps that would running around the park, apps that would running around the park, apps that would be a handbook for identifying birds or
255.2s
super simple crudformational apps. apps like timers, uh, flashing lights for
258.9s
like timers, uh, flashing lights for
259.0s
like timers, uh, flashing lights for running around the park, apps that would
261.4s
running around the park, apps that would
261.4s
running around the park, apps that would be a handbook for identifying birds or
264.1s
be a handbook for identifying birds or be a handbook for identifying birds or fish, apps for estimating volumes of fish, apps for estimating volumes of fish, apps for estimating volumes of concrete, and so on. I sold each app for concrete, and so on. I sold each app for
264.2s
be a handbook for identifying birds or fish, apps for estimating volumes of
267.3s
fish, apps for estimating volumes of
267.3s
fish, apps for estimating volumes of concrete, and so on. I sold each app for
270.9s
concrete, and so on. I sold each app for
271.0s
concrete, and so on. I sold each app for just one or two dollars, and amazingly, just one or two dollars, and amazingly, just one or two dollars, and amazingly, they started selling. Every one of those they started selling. Every one of those they started selling. Every one of those apps were selling. I remembered working
273.9s
just one or two dollars, and amazingly,
273.9s
just one or two dollars, and amazingly, they started selling. Every one of those
276.5s
they started selling. Every one of those
276.5s
they started selling. Every one of those apps were selling. I remembered working
279.4s
apps were selling. I remembered working apps were selling. I remembered working so many hours, like 80 to 90 hours a so many hours, like 80 to 90 hours a so many hours, like 80 to 90 hours a week combined. And this went on for a week combined. And this went on for a
279.4s
apps were selling. I remembered working so many hours, like 80 to 90 hours a
282.8s
so many hours, like 80 to 90 hours a
282.8s
so many hours, like 80 to 90 hours a week combined. And this went on for a
285.3s
week combined. And this went on for a
285.3s
week combined. And this went on for a long time. I would get home from work long time. I would get home from work long time. I would get home from work every day, have dinner, and then get to every day, have dinner, and then get to
287.6s
long time. I would get home from work
287.6s
long time. I would get home from work every day, have dinner, and then get to
290.6s
every day, have dinner, and then get to
290.6s
every day, have dinner, and then get to work on the side business, and work work on the side business, and work work on the side business, and work until like midnight or 100 a.m. every until like midnight or 100 a.m. every until like midnight or 100 a.m. every night. I remember when my son was just
292.6s
work on the side business, and work
292.6s
work on the side business, and work until like midnight or 100 a.m. every
295.2s
until like midnight or 100 a.m. every
295.2s
until like midnight or 100 a.m. every night. I remember when my son was just
297.9s
night. I remember when my son was just night. I remember when my son was just an infant. His crib was actually on my an infant. His crib was actually on my an infant. His crib was actually on my side of the bed. So, at 100 a.m. when I side of the bed. So, at 100 a.m. when I
297.9s
night. I remember when my son was just an infant. His crib was actually on my
300.9s
an infant. His crib was actually on my
301.0s
an infant. His crib was actually on my side of the bed. So, at 100 a.m. when I
304.4s
side of the bed. So, at 100 a.m. when I
304.4s
side of the bed. So, at 100 a.m. when I went finally went to bed, I would hold went finally went to bed, I would hold went finally went to bed, I would hold his little hand in mine for just a few his little hand in mine for just a few
307.0s
went finally went to bed, I would hold
307.0s
went finally went to bed, I would hold his little hand in mine for just a few
309.7s
his little hand in mine for just a few
309.7s
his little hand in mine for just a few minutes before I fell asleep. And that minutes before I fell asleep. And that minutes before I fell asleep. And that was like all the time that I got with my was like all the time that I got with my
312.2s
minutes before I fell asleep. And that
312.2s
minutes before I fell asleep. And that was like all the time that I got with my
314.7s
was like all the time that I got with my
314.7s
was like all the time that I got with my boy back then. So that's pretty rough. boy back then. So that's pretty rough. boy back then. So that's pretty rough. But soon enough, I started making But soon enough, I started making But soon enough, I started making serious money with this side business.
318.0s
boy back then. So that's pretty rough.
318.0s
boy back then. So that's pretty rough. But soon enough, I started making
320.5s
But soon enough, I started making
320.5s
But soon enough, I started making serious money with this side business.
322.8s
serious money with this side business. serious money with this side business. It was several thousand a month. Every It was several thousand a month. Every It was several thousand a month. Every month we paid way more than the minimum. month we paid way more than the minimum.
322.8s
serious money with this side business. It was several thousand a month. Every
325.9s
It was several thousand a month. Every
325.9s
It was several thousand a month. Every month we paid way more than the minimum.
328.9s
month we paid way more than the minimum.
329.0s
month we paid way more than the minimum. We basically threw every spare dollar We basically threw every spare dollar We basically threw every spare dollar that we had towards the principle of the that we had towards the principle of the that we had towards the principle of the debt. Whenever I got a bonus or a
331.2s
We basically threw every spare dollar
331.2s
We basically threw every spare dollar that we had towards the principle of the
333.2s
that we had towards the principle of the
333.2s
that we had towards the principle of the debt. Whenever I got a bonus or a
335.7s
debt. Whenever I got a bonus or a debt. Whenever I got a bonus or a windfall, I would immediately apply it windfall, I would immediately apply it windfall, I would immediately apply it towards the debt. We had this sort of towards the debt. We had this sort of
335.7s
debt. Whenever I got a bonus or a windfall, I would immediately apply it
338.1s
windfall, I would immediately apply it
338.2s
windfall, I would immediately apply it towards the debt. We had this sort of
340.5s
towards the debt. We had this sort of
340.5s
towards the debt. We had this sort of snowball strategy where we would focus snowball strategy where we would focus snowball strategy where we would focus our payments on the smallest loan and our payments on the smallest loan and our payments on the smallest loan and then pay the minimum interest on all the
343.7s
snowball strategy where we would focus
343.8s
snowball strategy where we would focus our payments on the smallest loan and
347.1s
our payments on the smallest loan and
347.1s
our payments on the smallest loan and then pay the minimum interest on all the
349.2s
then pay the minimum interest on all the then pay the minimum interest on all the remaining loans and when the smallest remaining loans and when the smallest remaining loans and when the smallest loan was paid off then we would tackle loan was paid off then we would tackle
349.2s
then pay the minimum interest on all the remaining loans and when the smallest
352.6s
remaining loans and when the smallest
352.6s
remaining loans and when the smallest loan was paid off then we would tackle
355.2s
loan was paid off then we would tackle
355.2s
loan was paid off then we would tackle the next smallest one and the next one the next smallest one and the next one the next smallest one and the next one and so on. Now, I know that's not the and so on. Now, I know that's not the
357.3s
the next smallest one and the next one
357.3s
the next smallest one and the next one and so on. Now, I know that's not the
360.1s
and so on. Now, I know that's not the
360.2s
and so on. Now, I know that's not the most efficient way to pay off debt, but most efficient way to pay off debt, but most efficient way to pay off debt, but psychologically psychologically psychologically it was so good and motivating to see a it was so good and motivating to see a
363.8s
most efficient way to pay off debt, but
363.8s
most efficient way to pay off debt, but psychologically
365.4s
psychologically
365.4s
psychologically it was so good and motivating to see a
368.5s
it was so good and motivating to see a
368.5s
it was so good and motivating to see a loan getting squashed and it sort of loan getting squashed and it sort of loan getting squashed and it sort of like helped us psychologically to stay like helped us psychologically to stay like helped us psychologically to stay the course and pay off this debt. So,
370.7s
loan getting squashed and it sort of
370.7s
loan getting squashed and it sort of like helped us psychologically to stay
373.2s
like helped us psychologically to stay
373.2s
like helped us psychologically to stay the course and pay off this debt. So,
376.5s
the course and pay off this debt. So, the course and pay off this debt. So, after about 2 years of this grueling after about 2 years of this grueling after about 2 years of this grueling existence, we finally paid off all of existence, we finally paid off all of
376.5s
the course and pay off this debt. So, after about 2 years of this grueling
379.5s
after about 2 years of this grueling
379.5s
after about 2 years of this grueling existence, we finally paid off all of
382.5s
existence, we finally paid off all of
382.5s
existence, we finally paid off all of our loans and escaped debt slavery. So our loans and escaped debt slavery. So our loans and escaped debt slavery. So the key lesson here is getting out of the key lesson here is getting out of
385.7s
our loans and escaped debt slavery. So
385.7s
our loans and escaped debt slavery. So the key lesson here is getting out of
388.1s
the key lesson here is getting out of
388.1s
the key lesson here is getting out of debt can save you a lot of money. Now debt can save you a lot of money. Now debt can save you a lot of money. Now let's talk about housing. So a key let's talk about housing. So a key
390.9s
debt can save you a lot of money. Now
391.0s
debt can save you a lot of money. Now let's talk about housing. So a key
393.5s
let's talk about housing. So a key
393.5s
let's talk about housing. So a key consideration here is whether you should consideration here is whether you should consideration here is whether you should rent your housing or buy your housing. rent your housing or buy your housing. rent your housing or buy your housing. In some locations, one approach will In some locations, one approach will
396.3s
consideration here is whether you should
396.3s
consideration here is whether you should rent your housing or buy your housing.
399.4s
rent your housing or buy your housing.
399.4s
rent your housing or buy your housing. In some locations, one approach will
402.4s
In some locations, one approach will
402.4s
In some locations, one approach will always cost less than the other. In many always cost less than the other. In many always cost less than the other. In many places, buying will over the long run places, buying will over the long run places, buying will over the long run save you more money than renting. By the
405.7s
always cost less than the other. In many
405.7s
always cost less than the other. In many places, buying will over the long run
409.3s
places, buying will over the long run
409.3s
places, buying will over the long run save you more money than renting. By the
412.0s
save you more money than renting. By the save you more money than renting. By the way, I shared a link to a calculator in way, I shared a link to a calculator in way, I shared a link to a calculator in the description of this vlog that will the description of this vlog that will
412.0s
save you more money than renting. By the way, I shared a link to a calculator in
415.2s
way, I shared a link to a calculator in
415.2s
way, I shared a link to a calculator in the description of this vlog that will
417.3s
the description of this vlog that will
417.3s
the description of this vlog that will help you plug in your numbers and make help you plug in your numbers and make help you plug in your numbers and make this decision. While we rented for a this decision. While we rented for a this decision. While we rented for a good while, buying a house made
419.4s
help you plug in your numbers and make
419.4s
help you plug in your numbers and make this decision. While we rented for a
421.9s
this decision. While we rented for a
421.9s
this decision. While we rented for a good while, buying a house made
424.3s
good while, buying a house made good while, buying a house made long-term financial sense for us, so long-term financial sense for us, so long-term financial sense for us, so that's what we did. Now, when buying a that's what we did. Now, when buying a
424.3s
good while, buying a house made long-term financial sense for us, so
427.0s
long-term financial sense for us, so
427.0s
long-term financial sense for us, so that's what we did. Now, when buying a
429.4s
that's what we did. Now, when buying a
429.4s
that's what we did. Now, when buying a house, realtors will often tell you to house, realtors will often tell you to house, realtors will often tell you to get as much house as you can safely get as much house as you can safely get as much house as you can safely afford. I strongly disagree with this
432.7s
house, realtors will often tell you to
432.7s
house, realtors will often tell you to get as much house as you can safely
435.1s
get as much house as you can safely
435.1s
get as much house as you can safely afford. I strongly disagree with this
438.6s
afford. I strongly disagree with this afford. I strongly disagree with this opinion. Instead, we use the number of opinion. Instead, we use the number of opinion. Instead, we use the number of strategies to minimize the long-term strategies to minimize the long-term strategies to minimize the long-term cost of our housing. Principally, I use
438.6s
afford. I strongly disagree with this opinion. Instead, we use the number of
441.9s
opinion. Instead, we use the number of
441.9s
opinion. Instead, we use the number of strategies to minimize the long-term
445.4s
strategies to minimize the long-term
445.4s
strategies to minimize the long-term cost of our housing. Principally, I use
448.1s
cost of our housing. Principally, I use cost of our housing. Principally, I use the 2080 rule. That is, you can get 80 the 2080 rule. That is, you can get 80 the 2080 rule. That is, you can get 80 of an objective with about 20 of the of an objective with about 20 of the
448.1s
cost of our housing. Principally, I use the 2080 rule. That is, you can get 80
452.6s
the 2080 rule. That is, you can get 80
452.6s
the 2080 rule. That is, you can get 80 of an objective with about 20 of the
455.7s
of an objective with about 20 of the
455.8s
of an objective with about 20 of the effort. So, imagine the ideal house in effort. So, imagine the ideal house in effort. So, imagine the ideal house in your mind. That ideal house probably your mind. That ideal house probably your mind. That ideal house probably comes with a huge price tag. Right? Now
460.1s
effort. So, imagine the ideal house in
460.1s
effort. So, imagine the ideal house in your mind. That ideal house probably
462.6s
your mind. That ideal house probably
462.6s
your mind. That ideal house probably comes with a huge price tag. Right? Now
465.7s
comes with a huge price tag. Right? Now comes with a huge price tag. Right? Now imagine if you're able to compromise imagine if you're able to compromise imagine if you're able to compromise just 20 in terms of say the living just 20 in terms of say the living
465.8s
comes with a huge price tag. Right? Now imagine if you're able to compromise
468.9s
imagine if you're able to compromise
469.0s
imagine if you're able to compromise just 20 in terms of say the living
472.9s
just 20 in terms of say the living
473.0s
just 20 in terms of say the living space of the house, in terms of the space of the house, in terms of the space of the house, in terms of the build quality, in terms of the housing build quality, in terms of the housing build quality, in terms of the housing amenities, in terms of the location of
475.5s
space of the house, in terms of the
475.5s
space of the house, in terms of the build quality, in terms of the housing
478.3s
build quality, in terms of the housing
478.3s
build quality, in terms of the housing amenities, in terms of the location of
481.1s
amenities, in terms of the location of amenities, in terms of the location of the house from your work, in terms of the house from your work, in terms of the house from your work, in terms of the school districts that are available. the school districts that are available.
481.1s
amenities, in terms of the location of the house from your work, in terms of
483.3s
the house from your work, in terms of
483.3s
the house from your work, in terms of the school districts that are available.
485.6s
the school districts that are available.
485.6s
the school districts that are available. If you can make these compromises, you If you can make these compromises, you If you can make these compromises, you will often find a house that meets this will often find a house that meets this will often find a house that meets this new criteria for a fraction of the
488.7s
If you can make these compromises, you
488.7s
If you can make these compromises, you will often find a house that meets this
491.8s
will often find a house that meets this
491.8s
will often find a house that meets this new criteria for a fraction of the
494.8s
new criteria for a fraction of the new criteria for a fraction of the original price. So, for us, I found a original price. So, for us, I found a original price. So, for us, I found a modestized house with a big backyard. modestized house with a big backyard.
494.8s
new criteria for a fraction of the original price. So, for us, I found a
498.5s
original price. So, for us, I found a
498.5s
original price. So, for us, I found a modestized house with a big backyard.
501.5s
modestized house with a big backyard.
501.5s
modestized house with a big backyard. This house was in a decent neighborhood This house was in a decent neighborhood This house was in a decent neighborhood with decent schools. It was a short with decent schools. It was a short with decent schools. It was a short sale, and the house was located about an
503.9s
This house was in a decent neighborhood
503.9s
This house was in a decent neighborhood with decent schools. It was a short
506.6s
with decent schools. It was a short
506.6s
with decent schools. It was a short sale, and the house was located about an
509.6s
sale, and the house was located about an sale, and the house was located about an hour away from my workplace. At the hour away from my workplace. At the hour away from my workplace. At the time, the mortgage payment for this time, the mortgage payment for this
509.6s
sale, and the house was located about an hour away from my workplace. At the
512.4s
hour away from my workplace. At the
512.4s
hour away from my workplace. At the time, the mortgage payment for this
514.7s
time, the mortgage payment for this
514.7s
time, the mortgage payment for this house, which by the way is inclusive of house, which by the way is inclusive of house, which by the way is inclusive of things like insurance and property things like insurance and property things like insurance and property taxes, was only around 2,000, taxes, was only around 2,000,
517.2s
house, which by the way is inclusive of
517.2s
house, which by the way is inclusive of things like insurance and property
519.2s
things like insurance and property
519.2s
things like insurance and property taxes, was only around 2,000,
523.1s
taxes, was only around 2,000,
523.1s
taxes, was only around 2,000, which was like less than half or closer which was like less than half or closer which was like less than half or closer to onethird the amount of mortgage to onethird the amount of mortgage to onethird the amount of mortgage payments that most of my co-workers were
526.5s
which was like less than half or closer
526.5s
which was like less than half or closer to onethird the amount of mortgage
529.1s
to onethird the amount of mortgage
529.1s
to onethird the amount of mortgage payments that most of my co-workers were
532.1s
payments that most of my co-workers were payments that most of my co-workers were making at the time. This then allowed us making at the time. This then allowed us making at the time. This then allowed us to save massive amounts of money every to save massive amounts of money every
532.2s
payments that most of my co-workers were making at the time. This then allowed us
534.5s
making at the time. This then allowed us
534.6s
making at the time. This then allowed us to save massive amounts of money every
537.1s
to save massive amounts of money every
537.1s
to save massive amounts of money every month. money that we quickly applied month. money that we quickly applied month. money that we quickly applied towards the principal of the mortgage towards the principal of the mortgage towards the principal of the mortgage and paid it off quickly. So now today, and paid it off quickly. So now today,
539.8s
month. money that we quickly applied
539.8s
month. money that we quickly applied towards the principal of the mortgage
541.8s
towards the principal of the mortgage
541.8s
towards the principal of the mortgage and paid it off quickly. So now today,
546.2s
and paid it off quickly. So now today,
546.2s
and paid it off quickly. So now today, the monthly property taxes and insurance the monthly property taxes and insurance the monthly property taxes and insurance combined for our house is only around combined for our house is only around combined for our house is only around 900. 900. 900. Now let's move on to transportation.
549.1s
the monthly property taxes and insurance
549.1s
the monthly property taxes and insurance combined for our house is only around
551.8s
combined for our house is only around
551.8s
combined for our house is only around 900.
553.5s
900.
553.5s
900. Now let's move on to transportation.
555.9s
Now let's move on to transportation. Now let's move on to transportation. Instead of thinking about your Instead of thinking about your Instead of thinking about your transportation as some sort of a status transportation as some sort of a status transportation as some sort of a status symbol, it's better to think of it as a
555.9s
Now let's move on to transportation. Instead of thinking about your
558.0s
Instead of thinking about your
558.0s
Instead of thinking about your transportation as some sort of a status
560.9s
transportation as some sort of a status
560.9s
transportation as some sort of a status symbol, it's better to think of it as a
563.5s
symbol, it's better to think of it as a symbol, it's better to think of it as a utility, like a toaster oven, for utility, like a toaster oven, for utility, like a toaster oven, for example. What is the most efficient way example. What is the most efficient way
563.5s
symbol, it's better to think of it as a utility, like a toaster oven, for
565.4s
utility, like a toaster oven, for
565.4s
utility, like a toaster oven, for example. What is the most efficient way
568.5s
example. What is the most efficient way
568.5s
example. What is the most efficient way of getting from point A to point B? Now, of getting from point A to point B? Now, of getting from point A to point B? Now, if you're a software engineer living in if you're a software engineer living in
571.5s
of getting from point A to point B? Now,
571.5s
of getting from point A to point B? Now, if you're a software engineer living in
574.1s
if you're a software engineer living in
574.2s
if you're a software engineer living in one of the major metro zones, it may be one of the major metro zones, it may be one of the major metro zones, it may be most efficient just to rely on public most efficient just to rely on public most efficient just to rely on public transportation entirely. Public
576.9s
one of the major metro zones, it may be
576.9s
one of the major metro zones, it may be most efficient just to rely on public
579.4s
most efficient just to rely on public
579.4s
most efficient just to rely on public transportation entirely. Public
581.8s
transportation entirely. Public transportation entirely. Public transportation is a perfectly viable transportation is a perfectly viable transportation is a perfectly viable solution that is often much cheaper than solution that is often much cheaper than solution that is often much cheaper than owning a vehicle. Sometimes you can get owning a vehicle. Sometimes you can get
581.8s
transportation entirely. Public transportation is a perfectly viable
584.5s
transportation is a perfectly viable
584.5s
transportation is a perfectly viable solution that is often much cheaper than
587.5s
solution that is often much cheaper than
587.5s
solution that is often much cheaper than owning a vehicle. Sometimes you can get
590.0s
owning a vehicle. Sometimes you can get
590.0s
owning a vehicle. Sometimes you can get by with a combination of public by with a combination of public by with a combination of public transportation and having just one car transportation and having just one car transportation and having just one car in your household. We were a onecar in your household. We were a onecar
592.1s
by with a combination of public
592.1s
by with a combination of public transportation and having just one car
594.5s
transportation and having just one car
594.5s
transportation and having just one car in your household. We were a onecar
596.9s
in your household. We were a onecar
597.0s
in your household. We were a onecar household for many years and just household for many years and just household for many years and just recently switched to two cars. So if you recently switched to two cars. So if you recently switched to two cars. So if you have to get a car, you should find one
599.0s
household for many years and just
599.0s
household for many years and just recently switched to two cars. So if you
602.3s
recently switched to two cars. So if you
602.3s
recently switched to two cars. So if you have to get a car, you should find one
605.2s
have to get a car, you should find one have to get a car, you should find one that maximizes its comfort, convenience, that maximizes its comfort, convenience, that maximizes its comfort, convenience, safety, and durability while minimizing safety, and durability while minimizing safety, and durability while minimizing its overall life cycle costs. So, what
605.2s
have to get a car, you should find one that maximizes its comfort, convenience,
609.4s
that maximizes its comfort, convenience,
609.4s
that maximizes its comfort, convenience, safety, and durability while minimizing
612.6s
safety, and durability while minimizing
612.6s
safety, and durability while minimizing its overall life cycle costs. So, what
616.0s
its overall life cycle costs. So, what its overall life cycle costs. So, what cars did I find that fits this criteria? cars did I find that fits this criteria? cars did I find that fits this criteria? Well, for me, it was a bunch of used Well, for me, it was a bunch of used
616.0s
its overall life cycle costs. So, what cars did I find that fits this criteria?
618.9s
cars did I find that fits this criteria?
619.0s
cars did I find that fits this criteria? Well, for me, it was a bunch of used
621.7s
Well, for me, it was a bunch of used
621.7s
Well, for me, it was a bunch of used Toyotas and Hondas between 3 to 5 years Toyotas and Hondas between 3 to 5 years Toyotas and Hondas between 3 to 5 years old. These are mass- prodduced, old. These are mass- prodduced, old. These are mass- prodduced, completely commoditized vehicles with completely commoditized vehicles with
624.6s
Toyotas and Hondas between 3 to 5 years
624.6s
Toyotas and Hondas between 3 to 5 years old. These are mass- prodduced,
627.7s
old. These are mass- prodduced,
627.7s
old. These are mass- prodduced, completely commoditized vehicles with
630.5s
completely commoditized vehicles with
630.6s
completely commoditized vehicles with most of their manufacturing defects most of their manufacturing defects most of their manufacturing defects worked out. These cars on average can worked out. These cars on average can worked out. These cars on average can last for 20 years and run for 300,000 last for 20 years and run for 300,000
632.6s
most of their manufacturing defects
632.6s
most of their manufacturing defects worked out. These cars on average can
636.0s
worked out. These cars on average can
636.0s
worked out. These cars on average can last for 20 years and run for 300,000
639.4s
last for 20 years and run for 300,000
639.4s
last for 20 years and run for 300,000 mi. When buying used cars, there is this mi. When buying used cars, there is this mi. When buying used cars, there is this sweet spot where you get a used car sweet spot where you get a used car
643.6s
mi. When buying used cars, there is this
643.6s
mi. When buying used cars, there is this sweet spot where you get a used car
646.5s
sweet spot where you get a used car
646.5s
sweet spot where you get a used car that's between three to five years old that's between three to five years old that's between three to five years old and you essentially can purchase a car and you essentially can purchase a car and you essentially can purchase a car that still has 80 to 90 of its
649.5s
that's between three to five years old
649.5s
that's between three to five years old and you essentially can purchase a car
652.9s
and you essentially can purchase a car
652.9s
and you essentially can purchase a car that still has 80 to 90 of its
656.4s
that still has 80 to 90 of its that still has 80 to 90 of its effective lifespan, but for something effective lifespan, but for something effective lifespan, but for something like 1 half to even 13 the cost of a like 1 half to even 13 the cost of a
656.4s
that still has 80 to 90 of its effective lifespan, but for something
659.4s
effective lifespan, but for something
659.4s
effective lifespan, but for something like 1 half to even 13 the cost of a
663.1s
like 1 half to even 13 the cost of a
663.1s
like 1 half to even 13 the cost of a new car of the same model. By the way, I new car of the same model. By the way, I new car of the same model. By the way, I dropped a link in the description to dropped a link in the description to
666.0s
new car of the same model. By the way, I
666.0s
new car of the same model. By the way, I dropped a link in the description to
668.1s
dropped a link in the description to
668.2s
dropped a link in the description to this calculator that you can use to find this calculator that you can use to find this calculator that you can use to find your own sweet spot for the car brand of your own sweet spot for the car brand of
671.3s
this calculator that you can use to find
671.3s
this calculator that you can use to find your own sweet spot for the car brand of
674.0s
your own sweet spot for the car brand of
674.0s
your own sweet spot for the car brand of your choice. But anyway, this is a huge your choice. But anyway, this is a huge your choice. But anyway, this is a huge advantage, right? Because you can buy advantage, right? Because you can buy
676.9s
your choice. But anyway, this is a huge
677.0s
your choice. But anyway, this is a huge advantage, right? Because you can buy
679.8s
advantage, right? Because you can buy
679.8s
advantage, right? Because you can buy such a used car in cash fully or you can such a used car in cash fully or you can such a used car in cash fully or you can pay off this used car much faster than pay off this used car much faster than
684.2s
such a used car in cash fully or you can
684.2s
such a used car in cash fully or you can pay off this used car much faster than
687.4s
pay off this used car much faster than
687.4s
pay off this used car much faster than you could with a brand new car of the you could with a brand new car of the you could with a brand new car of the same model. And then you won't have a same model. And then you won't have a
689.6s
you could with a brand new car of the
689.6s
you could with a brand new car of the same model. And then you won't have a
692.0s
same model. And then you won't have a
692.0s
same model. And then you won't have a monthly car payment. Being mass- monthly car payment. Being mass- monthly car payment. Being mass- prodduced commoditized vehicles, their prodduced commoditized vehicles, their prodduced commoditized vehicles, their insurance costs, their repair and insurance costs, their repair and insurance costs, their repair and maintenance costs will over the long
694.5s
monthly car payment. Being mass-
694.5s
monthly car payment. Being mass- prodduced commoditized vehicles, their
697.5s
prodduced commoditized vehicles, their
697.5s
prodduced commoditized vehicles, their insurance costs, their repair and
699.8s
insurance costs, their repair and
699.8s
insurance costs, their repair and maintenance costs will over the long
702.3s
maintenance costs will over the long maintenance costs will over the long term be much lower than the same costs term be much lower than the same costs term be much lower than the same costs for something like a luxury vehicle. For for something like a luxury vehicle. For
702.3s
maintenance costs will over the long term be much lower than the same costs
705.5s
term be much lower than the same costs
705.5s
term be much lower than the same costs for something like a luxury vehicle. For
707.9s
for something like a luxury vehicle. For
707.9s
for something like a luxury vehicle. For example, I own these two used Honda CRVS example, I own these two used Honda CRVS example, I own these two used Honda CRVS fully paid off. And every month, each of fully paid off. And every month, each of
712.1s
example, I own these two used Honda CRVS
712.2s
example, I own these two used Honda CRVS fully paid off. And every month, each of
714.7s
fully paid off. And every month, each of
714.7s
fully paid off. And every month, each of these cars cost me about 150 these cars cost me about 150 these cars cost me about 150 in total life cycle costs. So that's in total life cycle costs. So that's in total life cycle costs. So that's gas, insurance, repair, maintenance, gas, insurance, repair, maintenance,
718.3s
these cars cost me about 150
718.3s
these cars cost me about 150 in total life cycle costs. So that's
721.3s
in total life cycle costs. So that's
721.3s
in total life cycle costs. So that's gas, insurance, repair, maintenance,
724.3s
gas, insurance, repair, maintenance,
724.3s
gas, insurance, repair, maintenance, tolls, everything. And I think that's tolls, everything. And I think that's tolls, everything. And I think that's between 15 to one10enth the same costs between 15 to one10enth the same costs between 15 to one10enth the same costs for a new luxury vehicle. And all that for a new luxury vehicle. And all that
727.0s
tolls, everything. And I think that's
727.0s
tolls, everything. And I think that's between 15 to one10enth the same costs
731.5s
between 15 to one10enth the same costs
731.5s
between 15 to one10enth the same costs for a new luxury vehicle. And all that
734.6s
for a new luxury vehicle. And all that
734.6s
for a new luxury vehicle. And all that extra money can of course be plowed extra money can of course be plowed extra money can of course be plowed towards your savings and investments. So towards your savings and investments. So towards your savings and investments. So in terms of food, we avoid going out to
736.7s
extra money can of course be plowed
736.7s
extra money can of course be plowed towards your savings and investments. So
739.3s
towards your savings and investments. So
739.3s
towards your savings and investments. So in terms of food, we avoid going out to
742.5s
in terms of food, we avoid going out to in terms of food, we avoid going out to eat as much as possible. Restaurant eat as much as possible. Restaurant eat as much as possible. Restaurant meals could cost orders of magnitudes meals could cost orders of magnitudes meals could cost orders of magnitudes more than home-cooked meals. In general,
742.5s
in terms of food, we avoid going out to eat as much as possible. Restaurant
745.3s
eat as much as possible. Restaurant
745.3s
eat as much as possible. Restaurant meals could cost orders of magnitudes
748.0s
meals could cost orders of magnitudes
748.0s
meals could cost orders of magnitudes more than home-cooked meals. In general,
750.9s
more than home-cooked meals. In general, more than home-cooked meals. In general, we go out to eat maybe at most once a we go out to eat maybe at most once a we go out to eat maybe at most once a month, and it's usually for a special month, and it's usually for a special
751.0s
more than home-cooked meals. In general, we go out to eat maybe at most once a
754.1s
we go out to eat maybe at most once a
754.1s
we go out to eat maybe at most once a month, and it's usually for a special
756.1s
month, and it's usually for a special
756.1s
month, and it's usually for a special occasion. Now, for most of the past 15 occasion. Now, for most of the past 15 occasion. Now, for most of the past 15 years, my wife and I have been brown years, my wife and I have been brown
759.0s
occasion. Now, for most of the past 15
759.0s
occasion. Now, for most of the past 15 years, my wife and I have been brown
761.4s
years, my wife and I have been brown
761.4s
years, my wife and I have been brown bagging our lunches to work. I recently bagging our lunches to work. I recently bagging our lunches to work. I recently did a calculation once, and I think we did a calculation once, and I think we did a calculation once, and I think we probably saved just from brown bagging a
764.1s
bagging our lunches to work. I recently
764.2s
bagging our lunches to work. I recently did a calculation once, and I think we
767.4s
did a calculation once, and I think we
767.4s
did a calculation once, and I think we probably saved just from brown bagging a
770.5s
probably saved just from brown bagging a probably saved just from brown bagging a couple of hundred,000 couple of hundred,000 couple of hundred,000 over the years. Also, I find that over the years. Also, I find that over the years. Also, I find that cooking is a skill that is pretty easy cooking is a skill that is pretty easy
770.6s
probably saved just from brown bagging a couple of hundred,000
772.7s
couple of hundred,000
772.7s
couple of hundred,000 over the years. Also, I find that
776.0s
over the years. Also, I find that
776.0s
over the years. Also, I find that cooking is a skill that is pretty easy
779.1s
cooking is a skill that is pretty easy
779.1s
cooking is a skill that is pretty easy to learn. So, for just a little bit of to learn. So, for just a little bit of to learn. So, for just a little bit of time spent learning basic cooking time spent learning basic cooking time spent learning basic cooking techniques, you can often produce meals
781.9s
to learn. So, for just a little bit of
781.9s
to learn. So, for just a little bit of time spent learning basic cooking
784.2s
time spent learning basic cooking
784.2s
time spent learning basic cooking techniques, you can often produce meals
787.8s
techniques, you can often produce meals techniques, you can often produce meals that are at like 80 to 90 restaurant that are at like 80 to 90 restaurant that are at like 80 to 90 restaurant quality at home. As a pro tip, I want to quality at home. As a pro tip, I want to
787.8s
techniques, you can often produce meals that are at like 80 to 90 restaurant
791.0s
that are at like 80 to 90 restaurant
791.0s
that are at like 80 to 90 restaurant quality at home. As a pro tip, I want to
794.5s
quality at home. As a pro tip, I want to
794.5s
quality at home. As a pro tip, I want to share with you this transformative share with you this transformative share with you this transformative technological device that I consider to technological device that I consider to technological device that I consider to be an engineering marvel. I present to be an engineering marvel. I present to
797.4s
share with you this transformative
797.4s
share with you this transformative technological device that I consider to
800.1s
technological device that I consider to
800.1s
technological device that I consider to be an engineering marvel. I present to
803.1s
be an engineering marvel. I present to
803.1s
be an engineering marvel. I present to you the Crock-Pot. The Crock-Pot can you the Crock-Pot. The Crock-Pot can you the Crock-Pot. The Crock-Pot can produce huge amounts of cheap, produce huge amounts of cheap, produce huge amounts of cheap, delicious, and nutritious food in the delicious, and nutritious food in the
806.5s
you the Crock-Pot. The Crock-Pot can
806.5s
you the Crock-Pot. The Crock-Pot can produce huge amounts of cheap,
809.2s
produce huge amounts of cheap,
809.2s
produce huge amounts of cheap, delicious, and nutritious food in the
811.9s
delicious, and nutritious food in the
811.9s
delicious, and nutritious food in the form of chilies, curries, and soups and form of chilies, curries, and soups and form of chilies, curries, and soups and stews. And for all that it produces, it stews. And for all that it produces, it stews. And for all that it produces, it only takes about 15 minutes of your time
814.9s
form of chilies, curries, and soups and
815.0s
form of chilies, curries, and soups and stews. And for all that it produces, it
818.5s
stews. And for all that it produces, it
818.5s
stews. And for all that it produces, it only takes about 15 minutes of your time
821.4s
only takes about 15 minutes of your time only takes about 15 minutes of your time for you to set up the materials and for you to set up the materials and for you to set up the materials and around a dime worth of electricity to do around a dime worth of electricity to do
821.4s
only takes about 15 minutes of your time for you to set up the materials and
823.6s
for you to set up the materials and
823.6s
for you to set up the materials and around a dime worth of electricity to do
826.1s
around a dime worth of electricity to do
826.1s
around a dime worth of electricity to do so. Now, in terms of groceries, we so. Now, in terms of groceries, we so. Now, in terms of groceries, we usually get organic, unprocessed foods, usually get organic, unprocessed foods, usually get organic, unprocessed foods, usually from reasonably priced usually from reasonably priced
829.2s
so. Now, in terms of groceries, we
829.2s
so. Now, in terms of groceries, we usually get organic, unprocessed foods,
833.3s
usually get organic, unprocessed foods,
833.3s
usually get organic, unprocessed foods, usually from reasonably priced
835.8s
usually from reasonably priced
835.8s
usually from reasonably priced supermarkets like Aldi's. While grocery supermarkets like Aldi's. While grocery supermarkets like Aldi's. While grocery shopping, I try to buy my groceries in shopping, I try to buy my groceries in shopping, I try to buy my groceries in bulk. I generally try to buy generic bulk. I generally try to buy generic
838.7s
supermarkets like Aldi's. While grocery
838.7s
supermarkets like Aldi's. While grocery shopping, I try to buy my groceries in
841.8s
shopping, I try to buy my groceries in
841.8s
shopping, I try to buy my groceries in bulk. I generally try to buy generic
845.7s
bulk. I generally try to buy generic
845.7s
bulk. I generally try to buy generic brands instead of name brands, and I try brands instead of name brands, and I try brands instead of name brands, and I try to buy lost leaders when it's available. to buy lost leaders when it's available. to buy lost leaders when it's available. In a typical month for our family of
848.4s
brands instead of name brands, and I try
848.4s
brands instead of name brands, and I try to buy lost leaders when it's available.
851.4s
to buy lost leaders when it's available.
851.4s
to buy lost leaders when it's available. In a typical month for our family of
853.7s
In a typical month for our family of In a typical month for our family of four, we spend between 7 to 800 in four, we spend between 7 to 800 in four, we spend between 7 to 800 in total on food. So consuming huge amounts total on food. So consuming huge amounts
853.7s
In a typical month for our family of four, we spend between 7 to 800 in
857.3s
four, we spend between 7 to 800 in
857.3s
four, we spend between 7 to 800 in total on food. So consuming huge amounts
860.9s
total on food. So consuming huge amounts
861.0s
total on food. So consuming huge amounts of goods, services, and experiences. of goods, services, and experiences. of goods, services, and experiences. That is something that unfortunately a That is something that unfortunately a That is something that unfortunately a lot of techies and our families indulge lot of techies and our families indulge
864.4s
of goods, services, and experiences.
864.4s
of goods, services, and experiences. That is something that unfortunately a
866.8s
That is something that unfortunately a
866.8s
That is something that unfortunately a lot of techies and our families indulge
869.5s
lot of techies and our families indulge
869.5s
lot of techies and our families indulge in. When I was a young guy, a single guy in. When I was a young guy, a single guy in. When I was a young guy, a single guy just starting out, I remember that it just starting out, I remember that it
872.2s
in. When I was a young guy, a single guy
872.2s
in. When I was a young guy, a single guy just starting out, I remember that it
874.6s
just starting out, I remember that it
874.6s
just starting out, I remember that it was super easy to be a minimalist. was super easy to be a minimalist. was super easy to be a minimalist. Basically to go around all day and buy Basically to go around all day and buy Basically to go around all day and buy nothing at all. But when you have a
877.3s
was super easy to be a minimalist.
877.3s
was super easy to be a minimalist. Basically to go around all day and buy
879.4s
Basically to go around all day and buy
879.4s
Basically to go around all day and buy nothing at all. But when you have a
881.4s
nothing at all. But when you have a nothing at all. But when you have a woman and kids around, some compromises woman and kids around, some compromises woman and kids around, some compromises has to be made, you have to allow some has to be made, you have to allow some
881.4s
nothing at all. But when you have a woman and kids around, some compromises
884.8s
woman and kids around, some compromises
884.8s
woman and kids around, some compromises has to be made, you have to allow some
888.5s
has to be made, you have to allow some
888.6s
has to be made, you have to allow some consumer goods and services around in consumer goods and services around in consumer goods and services around in order to secure a peaceful and happy order to secure a peaceful and happy order to secure a peaceful and happy household. So here are some coping household. So here are some coping
891.2s
consumer goods and services around in
891.2s
consumer goods and services around in order to secure a peaceful and happy
893.5s
order to secure a peaceful and happy
893.5s
order to secure a peaceful and happy household. So here are some coping
896.5s
household. So here are some coping
896.5s
household. So here are some coping strategies that I put into place to strategies that I put into place to strategies that I put into place to essentially contain this consumerism. essentially contain this consumerism. essentially contain this consumerism. This includes working with my wife to This includes working with my wife to
899.1s
strategies that I put into place to
899.1s
strategies that I put into place to essentially contain this consumerism.
902.2s
essentially contain this consumerism.
902.2s
essentially contain this consumerism. This includes working with my wife to
905.0s
This includes working with my wife to
905.0s
This includes working with my wife to create a monthly spending ceiling. It create a monthly spending ceiling. It create a monthly spending ceiling. It includes teaching my kids about includes teaching my kids about includes teaching my kids about frugality and getting them to realize frugality and getting them to realize
908.2s
create a monthly spending ceiling. It
908.2s
create a monthly spending ceiling. It includes teaching my kids about
910.1s
includes teaching my kids about
910.2s
includes teaching my kids about frugality and getting them to realize
912.7s
frugality and getting them to realize
912.7s
frugality and getting them to realize that they should get value, the most that they should get value, the most that they should get value, the most value out of their purchases. These value out of their purchases. These value out of their purchases. These lessons are working really well with my lessons are working really well with my
915.1s
that they should get value, the most
915.1s
that they should get value, the most value out of their purchases. These
917.4s
value out of their purchases. These
917.4s
value out of their purchases. These lessons are working really well with my
919.5s
lessons are working really well with my
919.5s
lessons are working really well with my son, not so great with my little girl, son, not so great with my little girl, son, not so great with my little girl, though. As a pro tip, I realized that at though. As a pro tip, I realized that at
922.0s
son, not so great with my little girl,
922.0s
son, not so great with my little girl, though. As a pro tip, I realized that at
925.3s
though. As a pro tip, I realized that at
925.3s
though. As a pro tip, I realized that at least for my family, people tend to lose least for my family, people tend to lose least for my family, people tend to lose interest in their consumer goods soon interest in their consumer goods soon interest in their consumer goods soon after purchasing them. This loss of
928.4s
least for my family, people tend to lose
928.4s
least for my family, people tend to lose interest in their consumer goods soon
931.1s
interest in their consumer goods soon
931.1s
interest in their consumer goods soon after purchasing them. This loss of
933.8s
after purchasing them. This loss of after purchasing them. This loss of interest can happen anywhere from months interest can happen anywhere from months interest can happen anywhere from months to weeks to even days after the to weeks to even days after the to weeks to even days after the purchase. So, I set up this mini
933.8s
after purchasing them. This loss of interest can happen anywhere from months
936.8s
interest can happen anywhere from months
936.8s
interest can happen anywhere from months to weeks to even days after the
939.3s
to weeks to even days after the
939.3s
to weeks to even days after the purchase. So, I set up this mini
942.9s
purchase. So, I set up this mini purchase. So, I set up this mini distribution center in a corner of my distribution center in a corner of my distribution center in a corner of my basement. In this place, I inventory all basement. In this place, I inventory all
943.0s
purchase. So, I set up this mini distribution center in a corner of my
945.6s
distribution center in a corner of my
945.6s
distribution center in a corner of my basement. In this place, I inventory all
949.6s
basement. In this place, I inventory all
949.6s
basement. In this place, I inventory all of these abandoned consumer goods and of these abandoned consumer goods and of these abandoned consumer goods and then put them up for sale on then put them up for sale on then put them up for sale on marketplaces like eBay and Facebook marketplaces like eBay and Facebook
952.1s
of these abandoned consumer goods and
952.1s
of these abandoned consumer goods and then put them up for sale on
954.0s
then put them up for sale on
954.0s
then put them up for sale on marketplaces like eBay and Facebook
957.2s
marketplaces like eBay and Facebook
957.2s
marketplaces like eBay and Facebook Marketplace and Merkari. At the end of Marketplace and Merkari. At the end of Marketplace and Merkari. At the end of the year, items that are not sold can the year, items that are not sold can the year, items that are not sold can then be donated to a charity for a tax
960.0s
Marketplace and Merkari. At the end of
960.0s
Marketplace and Merkari. At the end of the year, items that are not sold can
962.9s
the year, items that are not sold can
962.9s
the year, items that are not sold can then be donated to a charity for a tax
965.7s
then be donated to a charity for a tax then be donated to a charity for a tax deduction. I find that my little deduction. I find that my little deduction. I find that my little recycling operation can get back between recycling operation can get back between
965.8s
then be donated to a charity for a tax deduction. I find that my little
968.2s
deduction. I find that my little
968.2s
deduction. I find that my little recycling operation can get back between
971.3s
recycling operation can get back between
971.3s
recycling operation can get back between 10 to 20 of the money spent on these 10 to 20 of the money spent on these 10 to 20 of the money spent on these consumer goods. With these coping consumer goods. With these coping consumer goods. With these coping strategies in place, our household strategies in place, our household
974.9s
10 to 20 of the money spent on these
974.9s
10 to 20 of the money spent on these consumer goods. With these coping
977.5s
consumer goods. With these coping
977.5s
consumer goods. With these coping strategies in place, our household
980.1s
strategies in place, our household
980.2s
strategies in place, our household currently spends just around 1,000 a currently spends just around 1,000 a currently spends just around 1,000 a month on consumer goods and services. So month on consumer goods and services. So month on consumer goods and services. So that's pretty much it for my that's pretty much it for my
983.4s
currently spends just around 1,000 a
983.4s
currently spends just around 1,000 a month on consumer goods and services. So
986.3s
month on consumer goods and services. So
986.3s
month on consumer goods and services. So that's pretty much it for my
987.7s
that's pretty much it for my
987.8s
that's pretty much it for my money-saving strategies. With these, we money-saving strategies. With these, we money-saving strategies. With these, we were able to save more than 50 of our were able to save more than 50 of our were able to save more than 50 of our gross income for many years. Now, none
990.6s
money-saving strategies. With these, we
990.6s
money-saving strategies. With these, we were able to save more than 50 of our
993.2s
were able to save more than 50 of our
993.2s
were able to save more than 50 of our gross income for many years. Now, none
996.1s
gross income for many years. Now, none gross income for many years. Now, none of this is rocket science. I am sure of this is rocket science. I am sure of this is rocket science. I am sure that outside of the sheltered bubble that outside of the sheltered bubble
996.1s
gross income for many years. Now, none of this is rocket science. I am sure
998.7s
of this is rocket science. I am sure
998.7s
of this is rocket science. I am sure that outside of the sheltered bubble
1001.0s
that outside of the sheltered bubble
1001.0s
that outside of the sheltered bubble that is the tech industry, most people that is the tech industry, most people that is the tech industry, most people with normal incomes, this is just how with normal incomes, this is just how with normal incomes, this is just how they live their lives. And given the
1003.7s
that is the tech industry, most people
1003.7s
that is the tech industry, most people with normal incomes, this is just how
1005.7s
with normal incomes, this is just how
1005.8s
with normal incomes, this is just how they live their lives. And given the
1008.4s
they live their lives. And given the they live their lives. And given the seemingly endless wave of layoffs going seemingly endless wave of layoffs going seemingly endless wave of layoffs going through tech, I think maybe a number of through tech, I think maybe a number of
1008.4s
they live their lives. And given the seemingly endless wave of layoffs going
1012.3s
seemingly endless wave of layoffs going
1012.3s
seemingly endless wave of layoffs going through tech, I think maybe a number of
1016.4s
through tech, I think maybe a number of
1016.4s
through tech, I think maybe a number of software engineers in big tech can take software engineers in big tech can take software engineers in big tech can take these same strategies and save some these same strategies and save some these same strategies and save some money. Anyways, I hope my rant on this
1019.0s
software engineers in big tech can take
1019.0s
software engineers in big tech can take these same strategies and save some
1021.5s
these same strategies and save some
1021.5s
these same strategies and save some money. Anyways, I hope my rant on this
1024.3s
money. Anyways, I hope my rant on this money. Anyways, I hope my rant on this has been helpful to you. If you have a has been helpful to you. If you have a has been helpful to you. If you have a morbid curiosity to join me on this life morbid curiosity to join me on this life
1024.3s
money. Anyways, I hope my rant on this has been helpful to you. If you have a
1026.4s
has been helpful to you. If you have a
1026.4s
has been helpful to you. If you have a morbid curiosity to join me on this life
1029.1s
morbid curiosity to join me on this life
1029.1s
morbid curiosity to join me on this life journey, please feel free to subscribe journey, please feel free to subscribe journey, please feel free to subscribe to my channel. If you want to support me to my channel. If you want to support me to my channel. If you want to support me in making these vlogs, please consider
1031.2s
journey, please feel free to subscribe
1031.2s
journey, please feel free to subscribe to my channel. If you want to support me
1033.6s
to my channel. If you want to support me
1033.6s
to my channel. If you want to support me in making these vlogs, please consider
1036.3s
in making these vlogs, please consider in making these vlogs, please consider becoming a member to this channel. becoming a member to this channel. becoming a member to this channel. Anyways, thanks so much for watching. Anyways, thanks so much for watching. Anyways, thanks so much for watching. I'll see you next time. Bye.
1036.3s
in making these vlogs, please consider becoming a member to this channel.
1038.2s
becoming a member to this channel.
1038.2s
becoming a member to this channel. Anyways, thanks so much for watching.
1040.1s
Anyways, thanks so much for watching.
1040.1s
Anyways, thanks so much for watching. I'll see you next time. Bye.
