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Breaking Free from Broke | The Minimalists Ep. 426

The Minimalists

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The Minimalists speak with author ‪@GeorgeKamel‬ about letting go of past financial mistakes, frugality vs. minimalism, and how much money The Minimalists have. Watch all 2 hours of episode 426 on The Minimalists Private Podcast: Patreon: theminimalists

Discussed in this episode:

Intro (00:00)

How can I let go of my past financial mistakes? (01:45)

What’s the relationship between frugality and minimalism? (14:55)

Are The Minimalists millionaires? (21:59)

How can I let go of my LEGO collection? (35:24)

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SHOW NOTES: http://minimalists.com/podcast

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#TheMinimalists #Debt #Finances

20 Comments

@TheMinimalists Creator 2 years ago Pinned

How much debt have you paid off in the last year?

@frances852 2 years ago

I’ve paid off all credit cards and have cut them all up. I am now paying off my home and building a share portfolio for retirement

@lorettawatkins5024 2 years ago

It is amazing how freeing it is to be frugal, giving serious thought before each purchase. Whatever you call it, minimalism or frugality or something else, it just feels good to be careful about how I use my money.

@krystalpatterson5379 2 years ago

I'm a senior and I have no debt, but my net worth probably isn't even 50k, but I am content with what I have and am living simply and enjoy life! I feel we spent worrying about whether we're going to be able to be a millionaire. Debt free, simple and contentment makes a happy life!

@theunscriptedsuccessstory8898 2 years ago

I almost broke my leg running to download TK's book. He has such a brilliant mind!

@AZrakoon 1 year ago

I stopped being broke by acting broke. Ask yourself if you really need to buy it, most of the time the answer was no.

@Rozanna_Fresh 1 year ago

T.K., is incredibly wise. I appreciate Joshua very much and, feel immense gratitude to him for heeding the call and starting this channel. George is a gem and how fortunate we are, to have access to such a dynamic young man who chose to live an upright life. Thank you George.

@natashyas4149 2 years ago (edited)

I love TK's comment about living generously no matter how much you "have". Because you always have something to give. (minute 24). George - give a little until you can give a lot. It's a tool.

@karencarraro3911 2 years ago

My daughter did not go to dream school she went to where we could afford without debt. State school with some scholarship. The whole dream school is so ridiculous. Besides. All colleges let kids in the second semester when kids leave. It’s a business.

@simplepersonalfinance8930 2 years ago

There is a reason it is named "LEGO"....you are meant to Le' go of it ;)

@akosuakoranteng3327 2 years ago

TK is very wise, he has some really great insights

@lfuentes4098 2 years ago

Creative energy: Your not getting rid of the collection, your letting it go to give someone else that joy that you felt when it was blessing you. Now it’s blessing someone else.

@Outrageous86 2 years ago (edited)

I paid $2,400 in interest in 2023….. nothing off the principal 😳 but 2024 & 2025 are gonna be my getting outta debt years!

@roseannedc 2 years ago

24:29 Timestamping to back to T.K.’s words about giver mindset. Love it!

@rudebee15 2 years ago

The lack of disconnect of the struggles of living month to month for people whose rents just continues to increase, it’s fucking disgusting,

@sareesmitty1553 2 years ago

Love T.K's views. Always switches the narrative for thought.

@MrsKellyintheMiddle 2 years ago

Working on paying off all our debt this year! Want it gone! It's my biggest form of clutter and it's definitely the most stressful! I started this journey 3 years ago with getting my house in order by decluttering, then I decided to declutter excess weight off my body, now I'm working on decluttering our debt. 😊

@The.Owl.Spirit 2 years ago (edited)

So what about those of us that actually need more income due to poverty? I can budget all I want, but I'm still trying to juggle between being able to eat vs being able to keep a roof over my head. A lot of us go into mandatory debt because there's literally no other choice. I've realized that this podcast episode is not aimed at those of us with less privilege, but I'd love to hear an episode that is.

@EFN86 2 years ago

Me- frugal, minimal, no debt besides mortgage and paying that down fast. Also me... bringing home a new $5 plant to slowly unintentionally kill every 3-4 months.

@vikieierdam5516 2 years ago

24:50 "You don't have to be a millionaire to give." Amen, T.K. We don't have to wait until....to be generous TODAY. Don't wait for your neighbor or the owner of a corporation to fill the need. Your scale may be different but most of us can do SOMETHING to leave today better than yesterday.