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Cost of insurance and registration is crazy cheap there. She had 36 dollars a month for 2 cars and here in Michigan I pay 80 a month for a 25 year old piece of junk. Registration is 200 dollars a year for my 500 dollar car.
I'm so jealous of her bills. Most of my bills are at least double hers. My 1 truck with full coverage great credit and no violations $71 mo Only debt I have is mortgage
Lady in the video is gonna die an old maid...alone and with someone else spending her money. Her financial lifestyle is not realistic for 99.9% of people.
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Lady in the video is gonna die an old maid...alone and with someone else spending her money. Her financial lifestyle is not realistic for 99.9% of people.
maybe not 100% but the idea of living on way less than you make, maxing out retirement accounts EARLY in life, some good principles she lives by. My expenses are higher than hers, but our income is much higher too.
She claims to have 1M+ in assets, so replacing a $4k car is not difficult. She carries ONLY liability ins. on her vehicles. I pay $255/mo for insurance on a 2015 and 2017 vehicle. Property taxes are $1000/yr.
That's frugal, not poor. There's a now retired Dr. couple here that you'd never know they were doctors if you saw them out. Old clothes, cars, picking up pop cans on the side of the road.