If you're in your 20s or not there yet, these are the super common mistakes people make with their money in their first decade of adult life.
I've seen these first hand and am guilty of one or two myself but hopefully you can steer clear of these by watching this video.
If you're not in your 20s but watching this video anyway, leave a comment and tell me how many of these traps you fell into with managing your money when you were younger.
Next watch: 11 Ways To Make Money Online https://youtu.be/CtNpw7TQ3W0
00:00 Introduction
00:19 9. Pretending/Impressing
01:37 8. Not being thrifty
03:05 7. Overspending on accommodation
04:25 6. Getting in debt
05:46 5. Buy now, pay later
07:14 4. Chasing the latest fad
08:30 3. Not contributing to pension
10:35 2. Buying expensive cars
12:21 1. Not budgeting
I've seen these first hand and am guilty of one or two myself but hopefully you can steer clear of these by watching this video.
If you're not in your 20s but watching this video anyway, leave a comment and tell me how many of these traps you fell into with managing your money when you were younger.
Next watch: 11 Ways To Make Money Online https://youtu.be/CtNpw7TQ3W0
00:00 Introduction
00:19 9. Pretending/Impressing
01:37 8. Not being thrifty
03:05 7. Overspending on accommodation
04:25 6. Getting in debt
05:46 5. Buy now, pay later
07:14 4. Chasing the latest fad
08:30 3. Not contributing to pension
10:35 2. Buying expensive cars
12:21 1. Not budgeting
Great advice, even three years ago.
Oh my, how your video delivery has changed. 🤣
Makin money can be easy by having a job, but making money out of money is a game, Learn the Game of money and always have money, even if you are not doing any job.~~~~~
Got a new Note 9 off Amazon for £500. Less than half price from when it was released. Save hundreds a year off my old contract
Hi Sasha, firstly, thanks for the video.
I am a young graduate working at bank X and earning between 30K to 45K. I am in my 20's and really looking forward to buying a BMW 3 series. My financing options, ideally, would be 23K by taking out a loan and 4K upfront, 5 years term with interest 2-2.5%. Do you think it is worth it or should I keep driving my Renault Clio haha
One simple word will explain why pensions now are scams not schemes…..consent the second the government moved to make rules saying they would automatically take ur money without ever asking you first i knew we had a problem. They are just desperate to collect up what ever they can now from you to give to those who have just retired….hmmmm its almost like there is a pension short fall running into the billions
Don't agree with the pension scheme. I think what you are saying (loosing money if not contributing) is wrong.
1. Money depreciate over time. The 100 dollars now will not be worth 100 dollars after 30 years! That's why they created this scheme so they can use other people "s money to create wealth!
2. Victim mentality. You get the idea that someone else is contributing to you to 'help' you because you "can't save your money, manage and multiple it" so you have to give it to someone else to do it. This sticks with you till the rest of your life and you never really get to learn how actually money works!
I agree with the other points!
👍🏾
Great video. About #5 I'd like to point out that commuting 45+45 minutes a day means wasting about 17 days a year of "your" life. So IMHO it's important to find a balance between the amount of rent one can save and the amount of wasted life and added stress the commute involves.
I kind of disagree with the 2nd point about cars. Surely leasing is the cheapest way of getting a brand new car. Yes it’s basically renting but it’s better than having a finance on the same car. E.g your spending 7k to lease a car for 2 years that is worth around 20k plus. Whereas if you bought it on finance it would be way more and depreciation would be greater.
Do any of these feel familiar to those that have been through their 20s?