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The Minimalists

The Minimalists on Living Within Your Means

The Minimalists

Joshua Fields Millburn

Home & Garden, Society & Culture, Philosophy, Leisure

4.711.5K Ratings

🗓️ 15 May 2020

⏱️ 4 minutes

🧾️ Download transcript

Summary

Joshua and Ryan reiterate the importance of avoiding debt within and without crises. Listen to “Maximal” episodes of The Minimalists Private Podcast exclusively at patreon.com/theminimalists

Transcript

Click on a timestamp to play from that location

0:00.0

Da Minimists.

0:02.0

There is no minimalist rule book.

0:05.4

Well, until now, the minimalist have created 16 rules for living with less.

0:11.5

A free ebook, which you can download right now at theminimilists.com slash resources.

0:18.5

Enjoy.

0:23.5

Do you think once we as society get to a new normal, will people go back to their consumer

0:29.1

sick lifestyles or do you believe society has learned from this pandemic and will scale

0:34.2

their lives back to more minimalistic.

0:36.7

Dude, I just saw a stat today.

0:39.9

Consumer debt is up 14.3 trillion dollars now.

0:44.5

Like it is, so I don't know if that does that include just 2019?

0:49.5

Like I didn't have to look at that.

0:51.7

I don't have a chance to read the article, but consumer debt is still growing.

0:55.4

Without a doubt.

0:56.4

It's going to grow even more now.

0:57.8

Let's talk about why income is down substantially.

1:01.4

If income is down, some people are right now having to, we're very fortunate.

1:07.2

What I would call rich COVID and poor COVID at this point.

1:11.6

Right now, you and I aren't actually wealthy, but we're relative to my brother who lost

1:18.0

his job for a while and his wife lost her job, which was even more devastating because

1:21.9

he was able to go get a job at Amazon.

1:25.9

But his wife doesn't have a job.

...

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