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The video titled "The Ultimate Guide To Living Below Your Means" aims to help viewers enjoy life more while spending less and building wealth. It highlights two key elements of living below your means, encouraging viewers to watch until the end. The first aspect is the active steps required, which involve effort and time. The first recommended action is to track money and spending, emphasizing the importance of knowing the total cash flow to and from one’s account. This involves understanding cash inflow, which refers to one’s income or the money coming into an account, essential for assessing financial health.