Young Aussie's No-Nonsense Cost of Living Advice Wins Praise Worldwide

A junior banking professional has received praise for their 'thriftier' approach amid Australia's increasing costs. cost of living crisis.

Aftab Bismi, who is 30 years old and based in Sydney, works in data solutions at Suncorp Group. He has offered his key suggestions for achieving financial flexibility in 2025.

Mr. Bismi said he drives a 20-year-old Toyota since purchasing a new vehicle would deplete all of his $20,000 in savings.

'The simplest approach is to figure out how to cease spending so much money,' he said. A property investment firm located on Coposit Street TikTok video on Monday.

I allocate only a small sum of money, and when I do spend more, it’s with a specific objective in mind.

For instance, I would be okay with splurging on a dinner if those involved could potentially reciprocate the favor at some point in the future.

Mr. Bismi mentioned that this would encompass friends, possible business associates, or individuals with whom he could exchange thoughts and concepts.

The budding data specialist was inundated with compliments in the remarks section following the video, being referred to as 'articulate' and a 'bright individual'.

One user commented, 'I want to learn more from this person!'

"I wish I had gained that insight when I was 30... well done, buddy... wishing you every success," someone else commented.

The budding data specialist also revealed his approach to managing expenses: opting to put money into just one or two investments at a time.

He stated, 'I'd consistently put my funds into learning from experts as such opportunities are quite rare.'

Mr. Bismi mentioned that his initial encounter occurred at the age of 14 when he joined a camp led by a former member of the Los Angeles Lakers.

"That camp is about three times more expensive than regular camps. I’m gaining insights from someone who has successfully utilized it and learned how they achieved that," he explained.

Mr Bismi discussed with Daily Mail Australia his daily financial habits, including where he chooses to invest and avoid investing his money.

He has discontinued certain streaming subscriptions, stays away from purchasing new gadgets, and never dines out or orders takeout alone: "Additionally, dining at restaurants does not provide sufficient protein."

To avoid making impulsive purchases, he waits until the following day before finalizing his online orders. Additionally, he only opts for buying coffee when he is at work or out with friends during a social event.

What exactly does he choose to spend his money on?

Mr. Bismi mentioned that he enjoys spending money on perfumes and presents.

"People recall that you're the person with the pleasant aroma... [and] folks tend to offer better presents and hold onto those memories because of it," he stated.