Why Looking “Poor” is Important ….

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Being an immigrant in the west from a poor country is like turning down the difficulty setting in a game. People around you can't stop buying a new phone every year and unnecessary garbage whilst you're just thankful that you can buy groceries without skipping essential nutrients because you can't afford them.

BigBoiTurboslav
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Minimalism gives you leverage and inoculates you from management-by-fear. If your boss tells you to work the next six Saturdays or you're fired, it helps to be in a financial position to refuse.

monterreymxisfun
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I love saving and I don’t spend often, your amazing I feel we have a lot in common

SunnySunny-hvqm
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People look poor so they don't have friends and relatives and relatives of relatives always trying to borrow money or get you to invest in their latest enterprise. If people think you have money, other people want to help you spend it. And if anyone thinks that they are in your will, your future just might include a tumble down the grand staircase.

jefft
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when a tech bro starts learning finance self help books, nice one

itsdivanshugarg
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I wish my mom would learn this, but she's too stubborn and gives in to peer pressure.

pepperdayjackpac
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Good summarization of Ramit Sethi IWT content!

JordanCricketMoore
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Considering 1/3 of people in USA who make 250k + admitted they live pay check to pay check.yeah please live frugal "the lifestyle" creeps on u.

Snp
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Thanks for another informative and valuable vid!

adampurcell
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I have heard the average person on the planet lives on less than $5 a day! And most Americans spend that much on their morning coffee alone. We are so blessed here, we are rich & we don't even know it. We are taught to be unsatisfied with what we have and go spend more to get more to be happy but it is not true. Less is MORE. Be content with what you have. That is one of the first steps to being truly happy. Thanks for the video!

willwidrick
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Live well below your means, good point.

David-bzou
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Spending tons money isn't an easy thing, so only very talented people can spend a lot. So learn to spend, not to earn. I am not joking.

kamertonaudiophileplayer
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Fact! If you try to compete, just like a sports tournament, there's a bigger chance of you losing!

atomikg
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Such an important video. Everyone, especially in the U.S., should see this.

tzvib
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MJ didn’t accumulate that debt on his own. There were people that try to charge him for unnecessary things.

MAG
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True. Don't go broke to look rich.

Kadinata
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Thanks for this video. Insightful, inspirational.
am gonna download this video.

samsonjoe
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Thanks it was a nice informative video!

akashdipneogi
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Stop spending money you don't have trying to impress people that don't care.

Figure out what moves your needle and spend money there. Otherwise be "excessively economical". It's really that simple and it really isn't very difficult. Succumbing to social/peer pressure as an adult is truly immature/childish behavior. Early 20s maybe. 30s? You need to have outgrown that.

BTrain-isch
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Divy