10 Things I Stopped Buying | Financial Minimalism

These are the 10 things I stopped buying – at the end of the day, it’s all about getting the most value for your time and money as possible – and, sometimes, it’s the smallest differences that can add up to the biggest savings – Enjoy! Add me on Instagram: GPStephan

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When everything was required to shut down, I had to get creative…so, I bought a professional hair buzzer on amazon for about $70, and my girlfriend started cutting my hair.
*Im not responsible for bad haircuts

For the last 6 months – I’ve cut out all junk food altogether since I’ve been working entirely from home. Not to mention, on top of that…when you dig a little deeper, you’ll find that the AVERAGE AMERICAN spends $1200 PER YEAR on Fast Food alone. It’s EVEN been proven that fast food can actually be MORE EXPENSIVE than eating at home, so the notion that “Fast food is cheaper” is absolutely false.

When gyms shut down, I had to find an alternative…so, I bought a bench and adjustable weights, and after watching some YouTube videos on home workouts…that nearly replaced my entire gym. I also supplemented that with 2 miles of cardio 5x week.

Americans are OVER PAYING for their car insurance by nearly 37 BILLION DOLLARS PER YEAR.. So, if you want to save money nearly INSTANTANEOUSLY, right after this video is done – go and shop around your car insurance, and REALLY evaluate how much you ACTUALLY drive.

I just bought an electric scooter to take anywhere nearby. In Los Angeles, it’s estimated that the average driver spends 85 HOURS per year JUST looking for parking…at the average salary, that’s $1735 of your time just WASTED as you sit there, hunting a spot to park.

The average adult spends $161 per month on clothing…and, lets be real…I’m sure most of the time we buy something new, it gets worn a few times, and then it sits in the closets for months or years just collecting dust.

Typically, in the past, I set it as my yearly goal to buy ONE property that I could then rent out…but this year, that never happened. I spent the beginning of this year searching NONSTOP for a deal, but I could find ANYTHING that made sense here in Los Angeles that didn’t require a SUBSTANTIAL amount of work. When I began to evaluate how much time it was going to take me to find the right deal, versus my return expanding my own business…right now, it just makes more financial sense to continue expanding my personal brand, creating better content for you, and beginning to diversify into other endeavors.

Instead of going to the store and buying mint, basil, rosemary, passionfruit, lemons, and strawberries…we’ve just been growing out own.

Just like the fast food budget, the average TECH budget is the same: $100 PER MONTH buying the latest gadgets. So my recommendation, and what I’ve always followed, is just to purchase the last years phone model,…keep it 2 years…and then upgrade to something new, IF you need to.

The one thing that’s constantly surprised me is that – Ramsey doesn’t play with cat toys. No matter what he gets, he’ll ignore it…and then just play with the box.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.


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  1. On the car insurance point. 100% recommend looking at other companies. I was with company A with a well known mascot. Come renewal time with no accidents no late payments nothing. They wanted to up me from 170$ to 220$ a month! Company B provided the same insurance and some things i added on for 58$ a month!! I drive alot for work so i mm required to have more extensive insurance. Shop around it could save you so much in my case literally over $1,000. Great video and great advice as always.

  2. I will never give up my gym membership until I have a lot of my own gym equipment

    I agree with everything else, but the gym for a lot of people is daily motivation !!

  3. Buy a rent roller brush for your shirt with all the money you are saving. For those of us who are single, still going to pay for the haircut. Glad the weather is lovely in LA year round, but at least need a gym membership here where it is cold and snowy. Water where I live is so cost prohibitive that it is best just buy any produce I need at the time.

  4. man says "over spending" on insurance. oke cool tell me how lemonade works out for you when you end up in an accident with someone insured at Travelers or Safeco or MetLife…

  5. Bar soap lasts longer, and is just as good as body wash, and it's generally cheaper. Buzz your head and you no longer need shampoo, or color your hair to hide the gray.

  6. Graham, I too started copping the home chop at the start of the pandemic. My girlfriend cuts my hair in the exact fashion you support. I’m starting to think women spawn with this haircut already programmed.

    She killed it. Good job “Graham’s girlfriend”.

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