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In this video, the hosts, Hope and Larry from "Under the Median," discuss the concept of living below your means. They clarify that it involves having money left after covering all expenses, symbolizing a conscious decision to spend less than one earns. By ensuring that outgoing expenses are less than incoming income, individuals can experience less stress and enjoy a more relaxed life. The hosts promise to provide actionable steps to achieve this lifestyle and illustrate their points with a personal example. The video emphasizes the importance of definitions to ensure a shared understanding of the topic.
