Hellow guys, Welcome to my website, and you are watching How I’ve Remained Debt Free My Entire Life | Financial Freedom. and this vIdeo is uploaded by Austin Williams at 2023-06-30T06:00:46-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | How I’ve Remained Debt Free My Entire Life | Financial Freedom |
| Video Uploader | Video From Austin Williams |
| Upload Date | This Video Uploaded At 30-06-2023 09:00:46 |
| Video Discription | It is 100% possible to not take on debt in life...and I am living proof!! Join My Patreon Page!: https://www.patreon.com/austinwilliams If you would like to support my channel!: https://www.buymeacoffee.com/williamsauQ Mint Mobile (save on your cell phone): https://mint-mobile.58dp.net/rn6rJQ Books I'm Reading: Die With Zero: https://amzn.to/3IQ11XG Out of Your Mind: https://amzn.to/3KFSbfm That Will Never Work: https://amzn.to/40fa4Hn Chapters 00:00 Debt Is A Mindset 01:27 Seeing Debt As A Cultural Construct 03:10 Not Seeing Anything Wrong With Being Broke 05:02 Recognizing And Taking Advantage Of Every Opportunity 07:21 Not Expecting Things To Last Forever 09:19 Being Terrified Of Debt Most people live their entire lives with a bunch of debt; however, debt is a completely unnecessary and avoidable thing. I have lived my entire life up to this point without having debt. I believe if you can get in the right mindset, you can avoid debt in your life. In this video, I share five different traits that make up this debt free mindset. 1. Seeing Debt As A Cultural Construct In the United States debt is so ingrained in our way of life that we don't see how much we use it. We buy cars we can't afford because we're offered loans, we use our credit card for small purchases, and we even have credit scores. This way of life is very American as many countries around the world don't use debt in their life. The only reason we accumulate so much debt in life is because we're offered so much of it. If you can avoid accepting debt in your life and act as if it's not an option, you can avoid debt. 2. Not Seeing Anything Wrong With Being Broke Another cultural construct we have in the United States is that we think there is something wrong with people when they do not have an abundance of possessions. And because we have this belief, we often go in a bunch of debt because we think if we don't get these unnecessary things then our lives are not worth living. There is nothing wrong with being broke and not having an abundance of material possessions. It is much better to be broke than have a bunch of debt, and if you can understand that you can live debt free. 3. Recognizing And Taking Advantage Of Every Opportunity In life we are all offered different opportunities that can help us live the life we want. These opportunities, however, are only useful if we recognize them and use them to our advantage. Whenever you have some sort of opportunity in life, you should seize it because opportunities are few and far in between. If you take advantage of each opportunity in life, it can help you avoid debt. 4. Not Expecting Things To Last Forever When it comes to money and salary, many people often believe that once you start making more money, you will continue making that level or more. And because people believe this, they end up putting themselves in an unsustainable financial situation. Life is full of surprises and it is highly possible that an unexpected financial expense will appear in your life. If you do not prepare for it, then it can put you in a bad financial position. If you instead expect that bad things will eventually happen in life and prepare for them, you can avoid having to take on debt. 5. Being Terrified Of Debt It shocks me how people are so comfortable living with debt in their lives knowing that multiple people are wanting their money back. Debt is modern day slavery because when you have debt, you give up a bit of your financial freedom in life. And so debt should terrify and you should do everything in your power to avoid it. If you can see debt for what it is, modern day slavery, then you can avoid debt you entire life. **This video is intended for entertainment purposes only, none of it should be interpreted as financial advice. Links above are affiliate links where if you click and order, I will receive a commission at no cost to you. ** |
| Category | Howto & Style |
| Tags | Frugal | FIRE | Financial Independence | Money | Personal Finances | Debt | Debt Free | Mindset | Dave Ramsey | Stock Market | Career | Consumerism | Life | Financial Freedom | Retire Early |
