8 Things I Learned by Being Completely Broke

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Life Lessons being totally broke taught me: https://gentl.mn/what-being-broke-taught-me Pros and Cons of Buying Vintage Clothing: https://gentl.mn/2NulZkw Want to stay updated? Sign up here for free: https://gentl.mn/2J1YQlv Want to see more videos? Subscribe to our channel! https://www.youtube.com/user/thegentlemansgazette --------------------------------------------------------------------------------------------------------- Gentleman's Gazette https://www.gentlemansgazette.com/ https://gentl.mn/2JtmRkv Facebook: https://www.facebook.com/gentlemansgazette FREE eBook: https://gentl.mn/2J1YQlv #lifeskills #beingbroke #lifelessons SHOP THE VIDEO: 1. Buff Rabbits on Navy Blue with Green Silk Wool Pocket Square - https://gentl.mn/2xnuzqy 2. Eagle Claw Cufflinks with Malachite Balls - https://gentl.mn/2XkHxVu 3. Shadow Stripe Ribbed Socks Grey and Prussian Blue - https://gentl.mn/2J3RGNH 1.Money itself doesn't just automatically make you happier. I know people usually only say that once they have achieved a certain level of wealth. What I can say though is that money has the ability to make your life a lot easier, things less stressful, you don't have to worry about any upcoming emergencies, you don't do the math when you go grocery shopping, and it's just easier to focus on the things that really matter in life. I definitely feel a lot free now that I don't have to worry about paying rent or what if there's an emergency coming up, I can simply pay for it out of pocket. Instead, I can now pursue hobbies, I can take dance classes with my wife that I really enjoy, I can take piano classes, or just anything else that gives me purpose or have a sense of self improvement. 2. The self-reliance I had made me a lot stronger as a person. My parents always raised me to be very independent not just in terms of money. Other people than you would get a lot more pocket money but they didn't necessarily understand or were able to manage money better than I was. Overall, it's a lot harder to adjust to less money than to more money. I pretty much always knew if I wanted something, I simply had to work for it and do it myself. 3. Being broke or being rich is really a matter of perception. My dad's from Brazil and we lived in Germany so whenever we would go to Brazil and visit relatives, they all thought we were filthy rich so they all expected us to bring a lot of gifts and to pick up the tab and pay for the bill when in reality, my parents were in debt and had to worry about how to pay for the mortgage and how to make ends meet. But we lived in a different country and even though we had absolutely more money, relatively, we were not richer or poorer than the people in Brazil. 4. Having extra money doesn't just happen. You have to actually plan for it. If you don't manage your money upfront. You'll just spend it, at least, that's what I do and most people I know. If you never plan to set aside money for an emergency upfront chances are it'll hit you very hard and it'll have very drastic consequences. 5. You can buy pretty much anything secondhand or vintage or at a deal. Honestly, until I was in my 20s, pretty much everything I bought was either on sale at a store, it was a hand-me-down from someone, or it was a vintage item. Even though I got certain outfit elements that were quite a bit bolder and not the foundational wardrobe pieces,I still have a lot of the items from the period that I still wear today because they have a certain timeless character to it. 6. Being poor takes a lot of time. If you just always have to think about how you pay for your groceries and for your rent and for any kind of other expense, your mental capacity is just focused on that and your brain is just spinning and trying to understand where you can find something else. 7. Being poor can actually make you quite adaptive and creative when it comes to problem solving. When my car breaks now, it's easy! I just go to the dealership and have them fix it. If that isn't an option, maybe you have to borrow with someone so you can help them out and they help you out or you go to youtube and figure out how to fix it yourself. Trying to overcome an obstacle when you don't have the money to fix it is a really valuable lesson that even helps me a lot now that I'm a lot more comfortable financially. 8. You can still treat yourself if you do so responsibly. You buy little things and things that don't have a high cost or a long-term monthly recurring cost. You can go out maybe with someone at a restaurant that's not super fancy but it's small and the gesture counts and you can still very much enjoy it or maybe you buy yourself a jacket that you've always wanted and that you need because it's so cold outside but honestly always ask yourself is it something I really need or is it something I just want and if you need something every once in a while to keep going it's okay.