I got laid off from my office job and knew I had to make a change fast. So I took yalls advice on cutting costs on housing, food and transportation. Now I work as a deckhand on a tugboat making $130 a day full benefits 2 weeks on 1 week off and the entire time I’m on the water I spend $0. Luckily I have no debt thus far. Cancelled all of my subscriptions so nothing is draining my bank account. It only took me a week to get the certifications needed to get my job, and within a week of putting in my first application I got hired and was out on the water. Moved back in with my parents and they provide me with free food on my week off. Considering I stay home the entire week I’m off and don’t go anywhere or buy much of anything, I’m able to save huge amounts where most people go and blow their paycheck. My financial values are extremely conservative because my grandpa instilled his Great Depression values in me. Frugal living is the way to go 👍

I think there are important differences between 'retiring' and becoming 'financially independent'. I do not want to retire. I want financial freedom.

I like that you guys aren't judgemental about your past. I get down on myself for being in debt when I knew better.

When Joshua said "Don't confuse schooling from education". Totally agree.

You all have valuable things to say, but it would be good to hear more from your guests!

I rediscovered the two of you after years later having first seen The Minimalist documentary. Somehow, this rediscovery was at a much needed time in my life. I’m very grateful for the re-inspiration and encouragement of simplicity. Thank you.

This month I make the final payment on a debt that has taken me 8 years to pay off. I have paid off many others but this is a big one. Even paying off one debt gets you a day closer to freedom. Once one gets paid off then its 2 then 3. The bigger ones become easier to pay off. This will leave me with my mortgage but instead of 30 years it will be 15.

I was born poor but now at 38 yrs old I overcome poverty. I was lucky starting at young age : getting scholarship, frugal life, change job for better income, etc. My parents also cooperate with me.It's a team work. You have to believe you can have financial freedom.

I hope you will get Mr. Money Mustache… He is fantastic! Thank you for this.

There is a point often oversaw about how much things you buy cost as your time. If you make 8 dollars per hour a cup of coffee of 4 bucks will not cost only half hour of your time. You have to subtract all your basic bills and find out your monthly disposable. That amount you will divide by the hours you work. So you might find out that you really make $1.5 per hour (after bills) that cup of coffee than will cost much more of your time than you think...

I'm out and free at 45. The way I did it was buying a crappy beat up house, living in it and remodeling it over 2-4 years, then selling it. I did this several times over 12 years and lived in eternal construction. I had a good job the entire time, and worked on renovation projects at night/weekends. I avoided taxes since these were primary residences. The lump sum injection every 2-4 years knocks the debt out quickly, then you can save and get there. You have to give up the social life to do it...that is the part most can't do.

Yes!! Great one. Once I am debt-free, I've got more financial choices to make. Thanks to y'all, I created a budget a while ago. It has helped a bunch!

Totally enjoyed this interview. Had an easy conversational style with great takeaways. Looking forward to more content from my favorite minimalists!!!

I started off 10 years ago earning 400 a month with 6000 dept. I literally had to learn at the age of 25 the most basics of financial skills because the only person in the family, who had any idea about it was my depression era grandmother, who finally sat me down and set me up with a plan SHE came up with. I felt like those housewives in the shows who think laundry washing takes an hour off your day because they don't fathom that it only takes 10 minutes max to set up the machine and you can walk off doing other chores. I am at the end of the dept journey, and honestly I don't regret having that dept because I needed it and it helped but it has taken me 10 years to get out. My point is, I had to physically learn those skills, they weren't ingrained in me and I still feel like a 15yo staring at investing, who like knows what is supposed to be what, but hasn't done her exam yet to have the confidence that yes, I know what to do. I just hope I have those skills set in stone by the time I have to seat my niece down and teach her to skip big mistakes and stick with the small ones. I was on that 400 per month for 5 years, I felt I had to have a steady job instead of a job that would grow volatile, because people depend on me. I still feel this way, but the way I look at my finances has changed, so I don't feel so lost anymore. Not there yet, but learning.

This is SUCH a good episode! Thank you for this!

Thank you for the helpful podcast episode. I'm trying to understand this topic more because it's my goal to be financially independent. Cheers!

My brother is 26, doesn't have a college degree and only gets paid about $10/hr. He saves about 20% of his income, by the time he is 65 he will have over a million saved.

This is great advice! We also need to examine why some people stay in debt due to emotional reasons, take a look at debtors anonymous and see if they can help with compulsive spending.

Awesome content, thank you for posting.

I'm super excited to see the documentary as soon as it's available locally! I hope you all can get Mr. Money Mustache, Pete, on your podcast sometime!! Great interview as always! Thanks for recommending Every Dollar! I learned about the Baby Steps at age 24 and now at 40 we are mortgage free and completely consumer debt free. You all are incredible!

So simple but also hard at the same Time , will be Working on this as résolution 😇🙏🤩

Loveee this podcast ❤️

Omg...check out this pithy answer I drummed up in my brain just now... Consumerism is like alcoholism. The addict has to WANT to change. I bet one of you already said that, so sorry if I've plagiarized. Ugh someone. As I was trying to help a friend with her finances, it became all too clear. Things and acquiring things are more important to her. I can't change her. She has to want to change. I adore you guys!! 💞

Such a wonderful video 📹👛👏

He's really right about the apps are like gaming. I like to see all the bills pay off.

Watching all these episodes and the guests barely get words in 😔

Fire is the hottest thing right now

Did you know very few people actually make minimum wage? Like it's less than 1-2% in our country of individuals that over 25 years old (per Dave Ramsey).. Honestly, what I have found is that it isn't how much I made...it's how I spent it! When you pay attention to where your money goes- you start to hold onto it and care about where it is going...I have a ways to go- but I am getting better each and every day with my resources. All I have left is my car and I am snowballing that to be done Jan 2020! It will be the first time in my life I have NO debt!

Great video guys... I'm in the process of becoming a minimalist, but a question for anyone who wants to answer... To improve your life, is it more important to get a second job or reduce your expenses ? Part of the appeal of minimalism is that you shouldn't have to work 60 hours a week to sustain your lifestyle...

I’m in a right personal quandary. I’m all aboard with the message and I have a good job and low living costs with no real debt bar my mortgage. I live alone in a flat in the UK (apartment?) but have felt antsy here for a while. The flat is up for sale and I’m keen to buy a house that would be suitable for me for a long long time even if my life needs change in terms of kids etc... however there is no denying in the short to medium term I would be living alone in a house and this doesn’t feel quite in keeping with the avoiding lifestyle creep. I have some choices to make. Part of my thinking is that I want fewer neighbours!

i'm interested to know what you guy's (josh and ryan) think about the old saying or thought regarding money "spend it now you can't take it with you when you die"?

8:22 When will people stop recommending uber as a side hussle? You don't come ahead driving for uber! It must be common sense by now. Your car gets depreciated, you pay the insurance which might increase bc you drive more and you pay the taxes.

Remember....you will never struggle to get out of debt if you don't get into debt in the first place. I shake my head when I hear people complain about their debt. YOU took on the debt to begin with.

As a 50 yo GenXer, I wish the Baby Boomers WOULD retire early, so that MY generation can enter into management positions. As it is, I see the BB-ers retiring much later like 70 and therefore people my age get entirely skipped over, and the Millennials or those younger get those positions, because who wants to hire we "lackadaisical dreamer 50 year olds who haven't even REACHED a management position yet! God, what a bunch of losers! 😒" Ugh so frustrating. 😣 We are judged heavily. And if you are a woman, with white hair such as myself, forget it. You have one foot in the grave, by today's standards. I'm not even an option.

Texas minimum wage is 7.25, for anyone curious.

Any tools or programs that you can do smaller amounts of investing?

Retire early. Ok. I'd like to retire at all. Lmao. 😆

It seems like, even Dave Ramsey’s principles involve another person. The fire couple as well. Rarely is it one individual that can sustain this financial utopia.

Hello! I have created a Facebook page, FIRE UK, it's still in its infancy right now. Would it be OK to share this video there? I think the content is very interesting and valuable.

My issue is groceries, gas, and spur-of-the-moment wants.

Ryan - May I send you my budget for complimentary mentoring? I'd be very grateful! -Stefanie

Right again....house, food, transportation.

FIRE GOT UPGRADED SINCE THEN ?!

sorry but where's is the link to that "food cost by calorie" post?

I'll show you my budget if you mentor me

All of their hairstyles are so distracting

Don't you think the economy will collapse before your investments will come to fruition? 🙏🏽💜🖖🏽

If you haven't heard that song by Noah Gundersen, here's a link. It's amazing! I was very pleasantly surprised to hear it mentioned here. Now I love you guys even more! kzfaq.info/get/bejne/fth_fpyo2tS8pqc.html ❤️