1) Don’t gamble; 2) Don’t order bottle service; 3) Don’t Drive expensive cars! 4) Don’t buy things you don’t need with money you don’t have to impress people you don’t like.
Thierno Seydou Nourou SY Will Rodgers coined this maxim over a hundred years ago. It's incredible people don't pay heed to it. Sometimes I think people deserve their lot in life and would fare better if they were enslaved. PT Barnum also had it right when he said: "There's a sucker born every minute"
WiZeTeK Dave had said several times he gets most of his well known sayings from other people. Still doesn't take away from the fact that this statement is so true
I save and manage my money extremely well. I have a house, stock investments and a paid off used car, so a little bit of alcohol for personal use is good for me to enjoy. Need to invest a tiny bit on yourself. (In this case, self-gratification with no financial return)
I'm glad I don't really need alcohol. Just a couple of nights out with friends every month is enough. I don't drink coffee either. Never got into it, and I get out of bed and am able to function just as easily as the vast majority who drink coffee.
One of my co-workers at the job had a $400 watch . then he looked at my watch and he said that your look like cost u about $25 . I said no it cost $10 . I asked him what time was it he said 10 minutes after 2 . I told him damn I got the same time on my $10 watch!! Lol
Abdul Subhan man I was just about to comment the same thing till I seem this lol perfect way for him to end this shit .. people are dumb as hell now and days trying to prove a point to someone who could care less 😂
I love that line from Fight Club. It resonated with me the first time I saw that movie. "We buy stuff we don't need, with $ we don't have to impress ppl we don't like" So true!
Here’s the quote: “I see all this potential, and I see it squandered. God damn it, an entire generation pumping gas, waiting tables - slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don't need. We're the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our great war is a spiritual war... Our great depression is our lives. We've all been raised on television to believe that one day we'd all be millionaires, and movie gods, and rock stars, but we won't. We're slowly learning that fact. And we're very, very pissed off.” - Tyler Durden (Fight Club)
“#1 problem with society we buy things we don’t need, with money we don’t have, to impress people we don’t like”. Nailed it sir, I couldn’t agree more.
I taught my kids to make good financial decisions. I taught them that new wears off and becomes old well before the payments end. My middle son decided to really listen to me and implement my advice concerning his finances. He was 23 years old, didn't go to college, was working in a factory, and ended up saving up enough money to pay cash for a house that needed work but was livable on two lots on the edge of town. Even though he has to put money into the place, he is saving about $7,000 per year in rent and is able to invest that money into his home and build equity in it rather than throw it to the wind.
InDevMode sure, the difference is that rich people buy luxuries last( after they become rich and using money from capital gains). The average person( or poor person) buys luxuries first in an attempt to look wealthy, for status.
whatever, rich do whatever they want, their rich!! this idea people get rich by not spending is for the stupid. every rich person I've known has blown crazy money on cars, trips, planes, etc... it's all about your role/title in the debt game. are you ceo, department head or merely labor. I've known a few ceo's all of which bought their luxury cars & suvs new, all over $100k with no delay or later regret. labor never gets rich off what they derive via their labor. look at trump, he was a operator of separate legal entities other than himself and he used them to garner debt that was used to garner profit then filed bankruptcies when profit motive diminished.
There's a lot more things that you can do to be frugal and save your money. Some are: 1. Cook your own meals 2. Get rid of cable television 3. Invest in your future aspirations both monetarily and in intelligence 4. Live with others if you must and not alone. Take in a border. 5. Don't party hardy. 6. Use public services. They were made for your use so take advantage of them (I. e. library, community college, public transportation, etc.) 7. And the list goes on and on... I'm 50 with a disability and I get by saving money and so can you.
David Carson i understand everything you say and most of things you mentioned are correct. Now here is the tricky question for you. How many times have you went to see a movie, vacation, hiking, concert, para sailing, traveling? Please answer this one. Thank you.
sal sel Weekends are for leisure time, but not and for hanging out. I get my movies from the library or from a Netflix. I live 1 mile from the lake so I can have fun all time on the beach. The museums and free music concerts are in the city. I go on vacation once a year or every other year. Their are get togethers in the City or my own city ( I live right near public transportation.). There’s fishing, canoeing, etc. The list goes on. I get my share of pleasure in with friends. And you can as well. Just don’t waste your $$.
David Carson well then, you said you save money in a specific way well thats then 100% correct way the way you do it then and everyone should follow ur way of doing it then. Your way of saving money is good and not dangerous. Trust me i know many people they save save save when you ask them where is the nearest park, restaurant, movie theater for example they sat Huh? But they live 30 years in a city. DEAD WRONG, noone should save money the way this person did . That was my point. 🤝
I always avoided alcohol, cigarettes, drugs, medications, gambling, jewelry, tattoos, & cable. Also I tend to buy what I actually NEED, not WANTS or anything too expensive. I always believed in the saying, "Watch your pennies💰 & the dollars💵 will take care of themselves". It always worked for me, 😀👍
*Realest Shit Ever Spoke* "A car is a method of transportation!" *Second Realest Shit Ever Spoke* "We buy things we don't need, with money we don't have to impress people we don't like." #ThankYou!
Horace Hogsnort Unless you treat the marriage like a business and use a tax attorney to figure out how to maximize your income in relation to taxes. You could start a business with wifey. Control your spending. A marriage can be successful but structure, planning and self- control are key.
Bogdan DA Hi, I was cab driver for 28 years, drove old car for lots of years, bought condo way smaller than I was approved for so I could pay it off fast then stash money away, then bought more comfortable condo and payed it off in 5 years, now debt free and retired. Even when I was still working lived good, but did not waste money on interest fee's. What is up with you?
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Most millionaires live in modest homes and drive older Buick type cars. Timex watches work just fine. It's more about what you spend, not what you make.
All my buddies at work have been getting new/ basically new cars ever since we started getting our company wide raise last year. I'm still driving my older 99 s10. It cost me 1,500 years back it is currently worth about 3,000 and cost next to nothing for full coverage insurance and when major components do need to be rebuilt it is dirt cheap. They joke about me driving my older truck, well this past 2017 year that truck and its low maintenance/insurance cost allowed me to save up 20,000. The guys I work with still don't understand how I saved that much in one year off the salary we make. You just can't explain it to some people.
In 2005 I started my new retail execs job. We were given a fuel card & $2,500 AUD car allowance. My car was now 6 years old & perfect to tow my boat with. Others had all new Honda's & Fords. 8 months later 50% of staff were let go, I owned my 8 year old car so never worried about an older car as it was all mine. 3 months later 25% of more staff were let go - me included. Others were forced to work at McDonalds to pay for their cars :(
@@JosephDR No not me - when I left the retail industry 15 years ago I was prepared I owned my own home & my car was all mine. I had no $$$$ worries as I was prepared with my degrees to get another job. I was poached by another employer for their Xmas / Back to school sales period so had 2 - 3 months of solid work guaranteed.. I left retail for good after this as the demise of shop front retail was evident.
I never buy new cars. I buy them about 2 years old. The reasons for this is that when you compare a new car to a 2 year car after about 6 months they basically look and act the same. The minute you drive off the lot with a new car you take a depreciation hit. I avoid that. Bought a 2008 Buick for 13k and I do all the maintenance on it myself. I spent less than 2k to fix everything wrong with it. So in all about 15k bought. Original selling price of the car when new was 40k. I would also like to add to the list of things not to do. 1. Dont rent houses. What happens is that renters either do not pay their rent and / or they trash the house. Then it takes atleast six month to evict them and then after that you get to spend big bucks fixing all the damage to the house only to turn around and repeat the process. 2. Buy your cell phone outright if you can afford it. Also, Do not buy the latest greatest one out there. Your not going to notice a difference in cell phones really between a brand new one or one that is one or two years old. With a fully owned cell phone your average cost for cell phone service is 50 bucks a month. The rest of the money you pay goes toward the cost of the cell phone if you buy it on contract or make monthly payments. A 200 - 300 cell phone can easily cost you more than 1000! 3. Never buy a home that will be more than 25% of your monthly income. Thats kind of the golden rule. Take it as an average. Also, Your mortgage should be a 15 year instead of the 30 year. You pay off quicker and save a lot of money. thanx
What if you don't have 600k to throw on a house, you gotta rent. I'd live off of a very cheap shitty one for 5k, as i'd save alot. Imagine about 900€ every month saved. But I don't think any houses are 5k. Cheapest ones maybe 35k
gabriel williams NO, marrige is a contract between you the woman and the state, 75% all marriages end in divorsw, she gets the kids and you the the child support 33% and alimony, save ur money buy a hooker
JOHN CAMARA ok i mean I understand we could do that. But then we were be left to be not married for rest of our lifes. Is that acceptable? How will.your friends and family see us?.
Yes it is, while a married men is only months and years from living on a park bench after a divorde, with his hearth ripped out his kids stolen and his money gone, we MGTOW WILL BE driving corvettes ferrari and the such, living the dream
Lacey Cardamone then what happens when your renter stops paying or you can't get anybody in the house? Or your business sucks and you make no profit but still have payments to make. Bottom line is debt is not a good idea
I would disagree. Debt for profit generating business assets is a way to be able to grow your business (which is already profitable and established as a business that does not suck) more quickly than if you have to wait till you build enough profit to pay cash which would then negatively affect you cash flow
I think he covered that under things you don't need. But he did miss one and that's don't date gold diggers....that's women who use you because you have money.
Wish I had seen this video earlier this year. Bought a brand new car on the last day of toyota-thon Jan 2 thinking that I had a great deal due to 0.9% APR. I am 8 months into the payment and boy do I regret it. While listening to Dave Ramsey this morning, he mentioned that if from age 30 to 70 you were to shift your avg $500 monthly car payment towards retirement investments instead, you'd have approx $6 million dollars. Holy spork! Probably not going to sell my car because I am already 8 months in the plan and have decided to aggressively pay it off within the next 14 months, but definitely not going to make that mistake again.
Same here. Realised my huge mistake 4 months in but threw every dollar on my payments and just finished paying for my car in full after 12 months all up. All the way up from here on out. Best of luck!!
If you bought a Toyota, it''s not such a bad deal. Focus on having it payed off ASAP. Those cars last; TOYOTA is the only brand I trust nowadays. And at least you didn't buy somebody else's problems. If you plan to baby that car for decades, your decision is fine. If you trade it within 5, you're a sucker.
icysparks2007 but problem is after you have your millions in 70s its useless because it leaves narrow life span to spend that money and normally people children enjoy that money
This is good advice, however, i did win the lottery of over 300k. I rarely play, maybe once a week. I bought a new car for $16k and zero interest for 5 yrs. What folks need to know is how much is budgeted for each item and leave a little for enjoyment. The rainy days alway around the corner and your advice on saving is spot on.
Spending lots of money on a car is just stupid. Even if you need a car for status/business reasons and to look succesful? You can STILL get a 2-3 year old car, let the first guy pay the depreciation and pay it off fast, and drop the insurance to liability. Put in synth oil and change every 6 months, keep it til it has 150,000 and get rid of it.
Gotta love my Toyota Corolla, 5 years of payments (actually paid off in under 3) gets me from point A to point B and will continue to for years and years to come! I never understood paying house money on a vehicle.
Average Joe Investing I bought a 2000 Nissan Maxima that I have drove for 2 years so far for 3000 cash....no payments. It had 98k miles. Now has 130k. So far so good...
The funny thing is when broke people win the lottery they quickly end up broke again because all they did their whole lives is spend every penny earned and then some more pennies loaned, as well as dream of having riches upon riches. The worst part of that is now they're broke with having the taste of being rich and knowing they won't ever reach that state again, feeling guilty they fucked up and that the best part of their lives is behind them.
Only one I disagree with is the car one. Personally i'm not a car enthusiast but I can definitely understand why people are and there are worst thing to do with your money than buy something you spend a big chunk of your life in and enjoy. :)
Another thing that is similar to your 3rd point is credit cards. They give you the illusion that you can live ( have better things that you can afford ) better. I think credit is the biggest financial killer. Yes sometimes you need it. If you can't get it, save up for that new toy. It took me years to save up to buy a new car. I'm 63 now and bought a Ford Focus ST in 2016. I will tell you it was worth the wait.
One way u could justify buying an expensive car like a Lambo is if u use social media a lot and ur able to generate more money because u get more attention and followers from it.
@@jeremystewert4303 if you spent that money. On services and goods from. Underprivileged and poor ?well worth the sleigh ride downhill! Most likely going to win again.
@@MrWilliam.Stewart No, there is NOT a lot of money to be made from the poor. You see, that is why they are called poor. Hate to break this to you rocket scientist but the Bellagio does not pay it's bills from the gambling losses of poor folk. Get a brain.
Yes! Acting average WITH MORONS, forcing myself to be #1 ('cause you know: EGO)! 'And after ALL THE HYPE, the "Jet Ski" did not run... 'cause: Water in the engine, just like the EGOTISTICAL, IDIOTS... before during AND AFTER... DID NOT WORK! Reality proven AGAIN! (F*****G iTARDS)! Seriously, watching EGOTISTICAL i MORONS; DIE, BLEED and SCREAM... IS BETTER !
As per your "expensive" car idea......all cars are expensive anymore, so your BEST bet is to buy a ONE OWNER car off a private party. Many times these people (because of the cost of the car) have taken maticulous care of it and have all the records of everything they've done to it. They are usually lower mile cars too.. The problem with brand new cars is the moment you drive that new car off the dealer's lot it is now a USED CAR and has fallen THOUSANDS of dollars on the car market.....FACT. I used to work for a dealership and this is exactly what happens.
I bought an 8 y/o, one-owner car having 46K miles, took good care of it, and enjoyed driving it until I sold it at 24 y/o with 336K miles. For fun I asked my very sensible father why I'm driving an old car while others at work have new luxury cars, and he answered "Because they have debt but you have wealth."
Not true. Privately-own cars have accidents that sometimes do not get reported. I know a friend who did just that. Buying a guaranteed rental is your best bet. If you rent a car and you have an accident you always have to report it.
@@timnoir That's an interesting point, and it makes sense. One caveat--how well are rental cars maintained? Some years ago when I returned a rental car I mentioned that I checked the oil and coolant levels each day before starting out, and the person at the agency laughed and said "you take a lot better care of the car than we do" I typically do this with a rental car, but was especially assiduous because this was in Alaska and I was driving mostly in rural areas.
Yes! I personally do not believe in car payments especially if it could be avoided. Most people "upgrade" their car after they pay it off. I only buy cash cars - interest paid on car loans are scary
the problem with buying a 10 year-old car is that it's already in disrepair timing belt and water pump will cost upto 1200. dollars depending on the mileage not replaced will blow up ,and that just a start per repairs could quickly double the price of the car,New car comes with warrantie
Vending machines have killed people due to trying to shake out free stuff or fits of unbelievable rage due to being ripped off. I do not ever use them. Plus, would you spend 100k on a 30k car? Ofcourse not! So why would you spend a dollar on a 30 cent candy bar? The mathematics are the same, and a dollar is what a million dollars are made of.
0% people died from walking past a vending machine, cars? i dont get the idea of buying a 100K car, how fast do i need to get to 25mhp or 65mph, i dont need heated seats
+Ken EagleBear Haha, yes, but more to the point, there is a fundamental difference between ONE dollar and one HUNDRED THOUSAND, or one MILLION. People spend a dollar on a thirty cent candy bar because they want it, can afford it, and often consider the 70 cents trivial, at least relative to their desire for a candy bar in the given moment. Also, most don't think they'll ever save and accumulate one MILLION single dollar bills, not to mention that the long-term goal is greatly outweighed by the desire for immediate gratification. And in regards to the car, most people don't consider 70 thousand dollars negligible when making a purchase, even most rich people I would imagine.
You're not just paying for the candy bar, you're paying for the convenience and immediate availability of the product, which for many people is worth an extra seventy cents. Put another way, is the trouble of going to a store(in which case you're probably spending money using gas, expending time, effort, and energy) worth the savings?
Yo Cecil I have watched him. I havent bought the course or anything but the bottom line is this: If you own a super car even if you used a "Hack" It is going to cost you tens of thousands dollars a year. So I am going to wait until I am at a point where I can comfortably dish at several grand a month for a toy
Correct it's for fools wishful thinking okay what's going too happen first win the lottery or be mugged by.martians waiting for the bus hello anybody home the martians win
And the point about Apple products is that they are not better in terms of quality. Iphones are ok but expensive, but pc’s are so overpriced, and offering much less than other companies.
Not buying a ticket is stupid because you have NO chance of winning. Buying more than one ticket is stupid since you aren't raising your chances by much.
I think an exception to the expensive car rule is if you’re buying it for a business. I bought a large, and relatively expensive pickup truck because I need it to haul equipment. I couldn’t do that with a smaller, less expensive car.
Some people might enjoy driving more than others. You're buying a feeling and experience. Also, more expensive cars/suv's tend to be safer, and with how dangerous American roadways are an investment into safety seems like a smart one.
I'm driving a 20 year old truck it's old still looks good but I'm not paying for a $60,000 truck and I won't that's just stupid unless your rich and most people aren't.
My car is a Tesla model 3 and it costs $670 a month it uses electricity to drive the chance of breaking is very low my grandpa bought it it’s the safest car he could find I’m only 7
back in the 80s i used to go to the scrapyard with my dad, for parts for his car, and we came across an old triumph stag, a real heap, and was totally rusted and parts hanging off, and my dad said " not long ago that was someones pride and joy, and they bled to pay for that, now its just garbage" - and then later in life; i was walking through a car park, full of luxury motors, and this guy said....wow look at all these beautiful cars....you, know, 10-15 years from now, they'll all be put in the crusher........so i always buy old cars and pay full price, never used finance in my life, and saved a tone of money.
This video may not be "ground-breaking", but it is definitely necessary. Sometimes the easiest lessons are the ones we tend to forget. Hence, the number of people that are in debt in this country. "There is nothing common about common sense." Also, not a ground-breaking phrase, but so true, and so timeless in a country living in such a senseless time. Thank you for the refresher. I'm sure we all benefited from it :)
I was told to have no girlfriends, kids, or a wife at a young age because that money will be gone out of sight..good thing I use my right brain to save my money on better things. Great advices ever.
Good advice. We are encouraged to live just within, or beyond our means. Credit cards are disgusting. Also, people are getting less and less in reality with how much money they actually have (or have not) because cash (dollar bills and coins) is being used less and less in favour of card payments. When I was young (a long time ago) you got a pay packet with cash in it - and that had to last you the week. There was no such thing as credit and I think that was a good thing. I was never tempted to spend more than I had in my pocket because you could not do it ! We are now urged to take credit in the forms of loans and overdrafts - to buy things now with money we have not yet earned. No wonder the debt levels people have are ridiculously high.
I was financing a used lincoln that was 13,000 dollars. Smh...lost it getting duis and had to file bankruptcy. Now im on the bus, walking, getting a ride from someone i know, or lyft.
I understand that investing should be done in something that will gain value rather than decrease, but materialistic things are awesome, and make you feel happy. Better off enjoying your money, because at the end of the day you can't take it all with you when your gone.
Silas Villagrana: True, but the thrill of buying something new lasts for a few weeks, at most. A few months for something like a car. Then it just becomes the norm.
Here is the way I see it: - If you want the car, have the money for it and can get a DEAL on it and want it for YOU and not to show off, then do it. - If you like this clothing item, can get it for a DEAL and want it for YOU and not to show off then do it. - Before you do ANY of the above things mentioned, CAN YOU AFFORD TO MAINTAIN THE ITEM? Simple, if it makes you happy and you can afford it then buy it. What good is saving all your money if you aren't happy. It's all about getting a good deal on the items you want and saving the extra money for rainy days. If you buy, you must save and when you do buy, do it wisely.
Here's one more... even though it's printed on paper with ever declining value, don't burn it to generate heat when you're cold. It's still worth slightly more than kindling, and the fed uses inks that give off harmful fumes when combusted.
Remember a club is not selling you a bottle of champagne. They are selling you an experience. This is why Bugatti cost $2000000 only few people could experience it. And everybody else is excluded
That's the story of every man's life stop using your energy forced to get in women's pants and save your life force and your money it'll be worth it in the end as you age
I agree in somewhat, but people, life is short, who knows how long they going to live, yes I believe in saving, but you must go head and live not to go crazy, THE BIBLE SAID, CAN YOu ADD ONE HOUR TO YOUR LIFE, WORRY ABOUT WORLDLY THINGS, PUT IT IN GOD HANDS. AND HAVE FAITH.
Absolutely right Ryan. Good video. The third one is a very common mistake. I have two further views on this: 1. Always buy a second-hand car which is at the bottom end of its depreciation curve, and 2. never spend more than 3% of your overall wealth buying it. These two factors together determine what price range of car you can afford to buy. So if you have 100k in the bank, or in house, shares, and cash, you can afford a second-hand car of no more than 3k.
How funny that you mention buying bottle service in Vegas since I work in Vegas nightlife and help people who want to buy bottle service booths at cubs...btw, the cheapest bottle booths at the majors nightclubs cost more like a minimum of $1,000. After taxes, fees and gratuity it ends up costing more like $1,500 when all is said and done just for an entry level table.
Ryan Scribner Plenty of people. These clubs make so much money from alcohol that it's crazy. There are some people in this world with serious amounts of money to spend. People who pay for bottle service are essentially paying for the real estate that they occupy in the club. On big nights the minimum might be $2,000 for a regular table because the demand is so high. There are people who spend $20,000 or more to be next to the DJ booth at the nightclubs in Vegas
It’s more about then getting point A to point B ppl like cars and they don’t want some shit box. Ppl don’t buy cars to impress other ppl they like it them selfs. Some people want to live and not be depressed there whole life.
I dont own a single vehicle with an OBD2 port. I got a 66 mustang with a 289, a 92 s10 with a 2.8, and a 94 dakota with a 318. So I have a rec car, a hauling truck, and a daily driver. All paid off, all working and running, and all more dependable than the average ten year old car you will find on the road. All you need is to learn how to fix stuff and maintenance your own vehicles. That simple.
Good advice. I made the same mistake as buying a nice bmw for my first car. Lost over 15k in under 2 years versus buying an economy car. Was making lots of money at the time but changed employment for less money
odds killed by vending machine more if you only buy 1 ticket. yes. If you buy 200 a week not so bad then. LOL. but you will spend 292mil before you hit it once. If your not unlucky anyway. Then you win 40mil to 100 mil if your lucky. Bad odds for sure.
Jesus. Nothing about this video is groundbreaking. Once I heard him say bottle service, I immediately turned the video off. Come on man. Do better please. I'm sure I can think of 3 things that are much more common that people do more than order bottle service.
You're expecting too much. You only want groundbreaking videos or else you'll turn them off. Groundbreaking videos are rare, you shouldn't expect them from every video you go on.
Not sure about the car analogy, an old car is far more likely to break down and have large repair costs, as well as poor fuel economy and higher road tax costs. My old Audi cost me £3500 in repairs AFTER I had paid off the finance, as well as costing me thousands in my job because it stopped me from seeing clients to sell my product to. I bought a 65 plate golf gtd in December last year which costs me £250 perm month, but hasn't let me down once or cost me a penny to repair. Most of your advice is spot on though
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1) Don’t gamble; 2) Don’t order bottle service; 3) Don’t Drive expensive cars! 4) Don’t buy things you don’t need with money you don’t have to impress people you don’t like.
ops im doing the 1, and 3 and 4 lol
@@simpatic14 yea it's real funny
@@simpatic14 - Don't feel bad dude, I do #4 because Companies give me 4-6-12 months same as cash to spend money 🙂
What a boring life! Lol
Don't buy tattoos.
"We buy things we don't need, with money we don't have, to impress people we don't like"
Dang that's a legendary quote. God bless you
Not original.
@@brucec43 so?
We don't like them, but we want to BE LIKE THEM!
Abraham Anuario Fight Club
😎 he was quoting me
Hahaha So true "The number one problem with society: We buy things we don't need with money we don't have to impress people we don't like"
These are Dave Ramsey's words and he deserves the credit here.
Thierno Seydou Nourou SY
Will Rodgers coined this maxim over a hundred years ago. It's incredible people don't pay heed to it.
Sometimes I think people deserve their lot in life and would fare better if they were enslaved.
PT Barnum also had it right when he said:
"There's a sucker born every minute"
WiZeTeK Dave had said several times he gets most of his well known sayings from other people. Still doesn't take away from the fact that this statement is so true
BINGO!!!!
Thierno Seydou Nourou SY ............impress people we don't know!
avoiding alcohol altogether will save more money than avoiding bottle service.
Jerry Bear
Well some ppl just need their alcohol, life can be pretty dry & stell without at least a lill alcohol...(im jst saying)
I save and manage my money extremely well. I have a house, stock investments and a paid off used car, so a little bit of alcohol for personal use is good for me to enjoy.
Need to invest a tiny bit on yourself. (In this case, self-gratification with no financial return)
I'm glad I don't really need alcohol. Just a couple of nights out with friends every month is enough. I don't drink coffee either. Never got into it, and I get out of bed and am able to function just as easily as the vast majority who drink coffee.
Get alcohol at family parties so you drink for free 😂
Eating at restaurants, cigarettes, alcohol. All of these don’t do any good.
One of my co-workers at the job had a $400 watch . then he looked at my watch and he said that your look like cost u about $25 . I said no it cost $10 . I asked him what time was it he said 10 minutes after 2 . I told him damn I got the same time on my $10 watch!! Lol
Freddie Butler I feel shamed. My watch cost $18 five years ago
who the hell still wears a watch!!!!!!!!!!!!!!!!!!!!!!
Wow! Imagine that!
watches are still dope...more of a fashion accessory
ronald wade i think watches suck
We buys things we don't need.. With money we don't have.. To impress people we don't like.. Awesome lines.. This deserve standing ovation..
Abdul Subhan man I was just about to comment the same thing till I seem this lol perfect way for him to end this shit .. people are dumb as hell now and days trying to prove a point to someone who could care less 😂
Dave Ramsey has been saying that for years now.
@@Chris349 I'm sure that's where Ryan learns this from, which is very critical when it comes to money.
Its a line from fight club.
@@Chris349 George Carlin said it before...
I love that line from Fight Club. It resonated with me the first time I saw that movie. "We buy stuff we don't need, with $ we don't have to impress ppl we don't like" So true!
I don't get why people believe this line was said on Fight Club. It was never said by any character of the film
Here’s the quote: “I see all this potential, and I see it squandered. God damn it, an entire generation pumping gas, waiting tables - slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don't need. We're the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our great war is a spiritual war... Our great depression is our lives. We've all been raised on television to believe that one day we'd all be millionaires, and movie gods, and rock stars, but we won't. We're slowly learning that fact. And we're very, very pissed off.” - Tyler Durden (Fight Club)
“#1 problem with society we buy things we don’t need, with money we don’t have, to impress people we don’t like”. Nailed it sir, I couldn’t agree more.
I saved 100% on my car insurance by riding a bike instead, take that Geico!
Geico tried to give me bicycle insurance I'm like really
Or a e bike for car people
I taught my kids to make good financial decisions. I taught them that new wears off and becomes old well before the payments end. My middle son decided to really listen to me and implement my advice concerning his finances. He was 23 years old, didn't go to college, was working in a factory, and ended up saving up enough money to pay cash for a house that needed work but was livable on two lots on the edge of town. Even though he has to put money into the place, he is saving about $7,000 per year in rent and is able to invest that money into his home and build equity in it rather than throw it to the wind.
all 3 things are about people wanting instant gratification(the rich don't do this), delayed gratification is the best way to go.
maybe same time,but not same look-style?? to each is own.
You are wrong. The rich absolutely do this. Have you never heard of a mansion, luxury yachts, private jets? Have you been living under a rock?
InDevMode sure, the difference is that rich people buy luxuries last( after they become rich and using money from capital gains). The average person( or poor person) buys luxuries first in an attempt to look wealthy, for status.
InDevMode dats the filthy tich
whatever, rich do whatever they want, their rich!! this idea people get rich by not spending is for the stupid. every rich person I've known has blown crazy money on cars, trips, planes, etc... it's all about your role/title in the debt game. are you ceo, department head or merely labor. I've known a few ceo's all of which bought their luxury cars & suvs new, all over $100k with no delay or later regret. labor never gets rich off what they derive via their labor. look at trump, he was a operator of separate legal entities other than himself and he used them to garner debt that was used to garner profit then filed bankruptcies when profit motive diminished.
There's a lot more things that you can do to be frugal and save your money. Some are:
1. Cook your own meals
2. Get rid of cable television
3. Invest in your future aspirations both
monetarily and in intelligence
4. Live with others if you must and not
alone. Take in a border.
5. Don't party hardy.
6. Use public services. They were
made for your use so take
advantage of them (I. e. library,
community college, public
transportation, etc.)
7. And the list goes on and on...
I'm 50 with a disability and I get by saving money and so can you.
David Carson Thanks
David Carson Great advice!
David Carson i understand everything you say and most of things you mentioned are correct. Now here is the tricky question for you. How many times have you went to see a movie, vacation, hiking, concert, para sailing, traveling? Please answer this one. Thank you.
sal sel
Weekends are for leisure time, but not and for hanging out. I get my movies from the library or from a Netflix. I live 1 mile from the lake so I can have fun all time on the beach. The museums and free music concerts are in the city. I go on vacation once a year or every other year. Their are get togethers in the City or my own city ( I live right near public transportation.). There’s fishing, canoeing, etc. The list goes on. I get my share of pleasure in with friends. And you can as well. Just don’t waste your $$.
David Carson well then, you said you save money in a specific way well thats then 100% correct way the way you do it then and everyone should follow ur way of doing it then. Your way of saving money is good and not dangerous. Trust me i know many people they save save save when you ask them where is the nearest park, restaurant, movie theater for example they sat Huh? But they live 30 years in a city. DEAD WRONG, noone should save money the way this person did . That was my point. 🤝
I always avoided alcohol, cigarettes, drugs, medications, gambling, jewelry, tattoos, & cable. Also I tend to buy what I actually NEED, not WANTS or anything too expensive. I always believed in the saying, "Watch your pennies💰 & the dollars💵 will take care of themselves". It always worked for me, 😀👍
"Gambling is an optional tax on the stupid", officially my new favorite quote😂
*Realest Shit Ever Spoke*
"A car is a method of transportation!"
*Second Realest Shit Ever Spoke*
"We buy things we don't need, with money we don't have to impress people we don't like."
#ThankYou!
YungChubbz420 that is
so true
One of the best decisions a guy can make to protect his wealth is DON'T GET MARRIED!!
Horace Hogsnort Unless you treat the marriage like a business and use a tax attorney to figure out how to maximize your income in relation to taxes. You could start a business with wifey. Control your spending. A marriage can be successful but structure, planning and self- control are key.
do not marry...that goes without saying..fastest way to go broke.
Do not have kids either
If you find a SMART lady, you might consider it.
Horace Hogsnort
Damn Right.
Makes sense. Cant have money work for me if I have no money. Get rid of bad debt and live below your means are the first steps
Yes, living below your means for about 12 years, then its pretty much easy street. I did that.
Get rid of ALL debt.
Bogdan DA Hi, I was cab driver for 28 years, drove old car for lots of years, bought condo way smaller than I was approved for so I could pay it off fast then stash money away, then bought more comfortable condo and payed it off in 5 years, now debt free and retired. Even when I was still working lived good, but did not waste money on interest fee's. What is up with you?
Most millionaires live in modest homes and drive older Buick type cars. Timex watches work just fine. It's more about what you spend, not what you make.
Or, perhaps more accurately, it's about how much you KEEP.
Its about cash flow.
yeah,billy and warren live in a railer park.
All my buddies at work have been getting new/ basically new cars ever since we started getting our company wide raise last year. I'm still driving my older 99 s10. It cost me 1,500 years back it is currently worth about 3,000 and cost next to nothing for full coverage insurance and when major components do need to be rebuilt it is dirt cheap. They joke about me driving my older truck, well this past 2017 year that truck and its low maintenance/insurance cost allowed me to save up 20,000. The guys I work with still don't understand how I saved that much in one year off the salary we make. You just can't explain it to some people.
Smart man! Do you still drive your '99 s10? I prefer older vehicles. New gadgety cars are so boring. I like cars I can work on myself.
In 2005 I started my new retail execs job. We were given a fuel card & $2,500 AUD car allowance. My car was now 6 years old & perfect to tow my boat with. Others had all new Honda's & Fords. 8 months later 50% of staff were let go, I owned my 8 year old car so never worried about an older car as it was all mine. 3 months later 25% of more staff were let go - me included. Others were forced to work at McDonalds to pay for their cars :(
@@matthewbrown6163 Sorry you're going through tough times, Matthew. Hope things get better for you.
@@JosephDR No not me - when I left the retail industry 15 years ago I was prepared I owned my own home & my car was all mine. I had no $$$$ worries as I was prepared with my degrees to get another job. I was poached by another employer for their Xmas / Back to school sales period so had 2 - 3 months of solid work guaranteed.. I left retail for good after this as the demise of shop front retail was evident.
@@matthewbrown6163 Oh, I see. You played it well, sir.
I never buy new cars. I buy them about 2 years old. The reasons for this is that when you compare a new car to a 2 year car after about 6 months they basically look and act the same. The minute you drive off the lot with a new car you take a depreciation hit. I avoid that. Bought a 2008 Buick for 13k and I do all the maintenance on it myself. I spent less than 2k to fix everything wrong with it. So in all about 15k bought. Original selling price of the car when new was 40k.
I would also like to add to the list of things not to do.
1. Dont rent houses. What happens is that renters either do not pay their rent and / or they trash the house. Then it takes atleast six month to evict them and then after that you get to spend big bucks fixing all the damage to the house only to turn around and repeat the process.
2. Buy your cell phone outright if you can afford it. Also, Do not buy the latest greatest one out there. Your not going to notice a difference in cell phones really between a brand new one or one that is one or two years old. With a fully owned cell phone your average cost for cell phone service is 50 bucks a month. The rest of the money you pay goes toward the cost of the cell phone if you buy it on contract or make monthly payments. A 200 - 300 cell phone can easily cost you more than 1000!
3. Never buy a home that will be more than 25% of your monthly income. Thats kind of the golden rule. Take it as an average. Also, Your mortgage should be a 15 year instead of the 30 year. You pay off quicker and save a lot of money.
thanx
What if you don't have 600k to throw on a house, you gotta rent. I'd live off of a very cheap shitty one for 5k, as i'd save alot. Imagine about 900€ every month saved. But I don't think any houses are 5k. Cheapest ones maybe 35k
600K for a house? You cant afford it and buy a lower priced house. That was simple. Ive never seen a 5k house unless it was a HUD house.
More than 70% are living paycheck to paycheck. He forgot to mention don't get married!
So I shouldn't get married?
gabriel williams NO, marrige is a contract between you the woman and the state, 75% all marriages end in divorsw, she gets the kids and you the the child support 33% and alimony, save ur money buy a hooker
JOHN CAMARA or buy a maid it truly would be cheaper.
JOHN CAMARA ok i mean I understand we could do that. But then we were be left to be not married for rest of our lifes. Is that acceptable? How will.your friends and family see us?.
Yes it is, while a married men is only months and years from living on a park bench after a divorde, with his hearth ripped out his kids stolen and his money gone, we MGTOW WILL BE driving corvettes ferrari and the such, living the dream
#4 don't borrow money
BMWAddict Unless it provides income ( Real estate,Business etc)
Lacey Cardamone then what happens when your renter stops paying or you can't get anybody in the house? Or your business sucks and you make no profit but still have payments to make. Bottom line is debt is not a good idea
BMWAddict every investment carries a risk, you must understand that as a business owner/investor
BMWAddict LOTS of VERY succesful business owners and investors would say other whys. Obviously there is a risk. You just have to take calculated risks
I would disagree. Debt for profit generating business assets is a way to be able to grow your business (which is already profitable and established as a business that does not suck) more quickly than if you have to wait till you build enough profit to pay cash which would then negatively affect you cash flow
"..we buy things we don't need, with money we don't have, to impress people we don't like" Impressive quote! Please keep the videos coming. Thank you
U are missing a lot more: drugs, prostitutes, brand name clothing, etc......the list goes on
I think he covered that under things you don't need. But he did miss one and that's don't date gold diggers....that's women who use you because you have money.
Wish I had seen this video earlier this year. Bought a brand new car on the last day of toyota-thon Jan 2 thinking that I had a great deal due to 0.9% APR. I am 8 months into the payment and boy do I regret it. While listening to Dave Ramsey this morning, he mentioned that if from age 30 to 70 you were to shift your avg $500 monthly car payment towards retirement investments instead, you'd have approx $6 million dollars. Holy spork! Probably not going to sell my car because I am already 8 months in the plan and have decided to aggressively pay it off within the next 14 months, but definitely not going to make that mistake again.
Same here. Realised my huge mistake 4 months in but threw every dollar on my payments and just finished paying for my car in full after 12 months all up. All the way up from here on out. Best of luck!!
Ryan Scribner I am in my fifties and have never bought a new car or made car payments. I have never paid more than 6000 for a car.
If you bought a Toyota, it''s not such a bad deal. Focus on having it payed off ASAP. Those cars last; TOYOTA is the only brand I trust nowadays. And at least you didn't buy somebody else's problems. If you plan to baby that car for decades, your decision is fine. If you trade it within 5, you're a sucker.
not 6 million but you would have a lot of money, 5000 a year invested at 8% for 30 is about $600,000.
icysparks2007 but problem is after you have your millions in 70s its useless because it leaves narrow life span to spend that money and normally people children enjoy that money
Stop eating out.. start eating at home
ricky ford
to be honest, I spend more at the supermarket each month than I do on rent.
buying $30 of takeout will feed me for 3-4 days.
Sometimes is addicting, what do you eat at home?
to get good cheap food at the store, its at the back, far away, want a turkey sandwich? buy a whole turkey, why pay 5$ a pound when you can pay 1.50$
gotta spend more to eat healthier
+Erwin Schrödinger did your land Lord really ban you from eating in your house?
I'm going to keep this video to my self because I do not want the people that I do not like watching this video lol
I just subscribed to your Channel. Love it. Keep them coming.
This is good advice, however, i did win the lottery of over 300k. I rarely play, maybe once a week. I bought a new car for $16k and zero interest for 5 yrs. What folks need to know is how much is budgeted for each item and leave a little for enjoyment. The rainy days alway around the corner and your advice on saving is spot on.
Which lotto did you win
" I rarely play, maybe once a week. " SMH
Ok
Spending lots of money on a car is just stupid. Even if you need a car for status/business reasons and to look succesful? You can STILL get a 2-3 year old car, let the first guy pay the depreciation and pay it off fast, and drop the insurance to liability. Put in synth oil and change every 6 months, keep it til it has 150,000 and get rid of it.
Gambling, drinking and driving nice cars... sounds like a fun person
your a idiot!
An
+ joaquim Rodriguez
That's Ironic
Gotta love my Toyota Corolla, 5 years of payments (actually paid off in under 3) gets me from point A to point B and will continue to for years and years to come! I never understood paying house money on a vehicle.
Average Joe Investing Love u Average Joe. I watch your channel.😊
Ryan Scribner Thanks Ryan. Appreciate u both!😊
Average Joe Investing I bought a 2000 Nissan Maxima that I have drove for 2 years so far for 3000 cash....no payments. It had 98k miles. Now has 130k. So far so good...
3 THINGS NEVER TO DO WITH YOUR 💰 DON'T GAMBLE. DON'T ORDER BOTTLE SERVICE. ..DONT BUY AN EXPENSIVE 🚗!.
Excuse my ignorance, but what is bottle service?
@@leopaul4955 The video explains it.
We buy things we don’t need, with money we don’t have to impress people we don’t like . Waoo I love that !!
That’s so true!!
"Buy things we don't need, with money we don't have, to impress people we don't like!" LOL Priceless!
The lottery is a tax levied on those who fail to grasp math.
The funny thing is when broke people win the lottery they quickly end up broke again because all they did their whole lives is spend every penny earned and then some more pennies loaned, as well as dream of having riches upon riches. The worst part of that is now they're broke with having the taste of being rich and knowing they won't ever reach that state again, feeling guilty they fucked up and that the best part of their lives is behind them.
A fool and his gold are soon parted!!!!@@mrkiky
Only one I disagree with is the car one. Personally i'm not a car enthusiast but I can definitely understand why people are and there are worst thing to do with your money than buy something you spend a big chunk of your life in and enjoy. :)
Nick O that was the most badass analogy ever, had to give you props.
Another thing that is similar to your 3rd point is credit cards. They give you the illusion that you can live ( have better things that you can afford ) better. I think credit is the biggest financial killer. Yes sometimes you need it. If you can't get it, save up for that new toy. It took me years to save up to buy a new car. I'm 63 now and bought a Ford Focus ST in 2016. I will tell you it was worth the wait.
One way u could justify buying an expensive car like a Lambo is if u use social media a lot and ur able to generate more money because u get more attention and followers from it.
Never lend more money than you can stand to lose. Also avoid lending to family or friends as this will tarnish the friendship.
I'd be glad to lend money to people who are close to me just to tarnish the relationships, if they're tarnishable.
Three Things You Should Never Do With Money:
1. Play the Lottery
2. Invest In Drugs or Alcohol
3. DONATE ON GOFUNDME
God bless u more
Very true
It’s crazy because I was getting ready to finance a BMW and my Mazda is perfectly fine and paid off🤣
Bad ass advice! Lottery is a tax on the poor!
Felipe Angeles
Gambling is indeed yet another tax for the poor.
there's a lot of money to be made from the poor. Who knew?
heres a classic! I spent a half a million bux on wine,women and song...the rest I just wasted
A tax on the stupid. "I won 50 million playing the lottery! I'm set for life!" 3 years later, I'm bankrupt.
@@jeremystewert4303 if you spent that money. On services and goods from. Underprivileged and poor ?well worth the sleigh ride downhill! Most likely going to win again.
@@MrWilliam.Stewart No, there is NOT a lot of money to be made from the poor. You see, that is why they are called poor. Hate to break this to you rocket scientist but the Bellagio does not pay it's bills from the gambling losses of poor folk. Get a brain.
Have u ever seen a sad person on a jet ski
castine bridges come to think of it, no. No I haven’t. I did plan on opening an IRA next week, but now 😈
U got a point
Yes! Acting average WITH MORONS, forcing myself to be #1 ('cause you know: EGO)! 'And after ALL THE HYPE, the "Jet Ski" did not run... 'cause: Water in the engine, just like the EGOTISTICAL, IDIOTS... before during AND AFTER... DID NOT WORK!
Reality proven AGAIN! (F*****G iTARDS)!
Seriously, watching EGOTISTICAL i MORONS; DIE, BLEED and SCREAM... IS BETTER !
Only when the jet ski goes out of fuel!
Idk 😐 but I’ve seen stupid people on jet skis before. 😆
So true! spending for nonsense things is a big problem, let's come back to earth.
As per your "expensive" car idea......all cars are expensive anymore, so your BEST bet is to buy a ONE OWNER car off a private party. Many times these people (because of the cost of the car) have taken maticulous care of it and have all the records of everything they've done to it. They are usually lower mile cars too.. The problem with brand new cars is the moment you drive that new car off the dealer's lot it is now a USED CAR and has fallen THOUSANDS of dollars on the car market.....FACT.
I used to work for a dealership and this is exactly what happens.
I bought an 8 y/o, one-owner car having 46K miles, took good care of it, and enjoyed driving it until I sold it at 24 y/o with 336K miles. For fun I asked my very sensible father why I'm driving an old car while others at work have new luxury cars, and he answered "Because they have debt but you have wealth."
Not true. Privately-own cars have accidents that sometimes do not get reported. I know a friend who did just that. Buying a guaranteed rental is your best bet. If you rent a car and you have an accident you always have to report it.
@@timnoir That's an interesting point, and it makes sense. One caveat--how well are rental cars maintained? Some years ago when I returned a rental car I mentioned that I checked the oil and coolant levels each day before starting out, and the person at the agency laughed and said "you take a lot better care of the car than we do" I typically do this with a rental car, but was especially assiduous because this was in Alaska and I was driving mostly in rural areas.
My first car cost $1350 in 1991. It lasted me 2 years with very few problems.
Yes! I personally do not believe in car payments especially if it could be avoided. Most people "upgrade" their car after they pay it off. I only buy cash cars - interest paid on car loans are scary
the problem with buying a 10 year-old car is that it's already in disrepair timing belt and water pump will cost upto 1200. dollars depending on the mileage not replaced will blow up ,and that just a start per repairs could quickly double the price of the car,New car comes with warrantie
for the car point, I totally agree, all my friends think I'm stupid because I don't wanna buy an expensive car while they wanna buy an Audi or BMW
Vending machines have killed people due to trying to shake out free stuff or fits of unbelievable rage due to being ripped off. I do not ever use them.
Plus, would you spend 100k on a 30k car? Ofcourse not! So why would you spend a dollar on a 30 cent candy bar? The mathematics are the same, and a dollar is what a million dollars are made of.
0% people died from walking past a vending machine, cars? i dont get the idea of buying a 100K car, how fast do i need to get to 25mhp or 65mph, i dont need heated seats
+Ken EagleBear Haha, yes, but more to the point, there is a fundamental difference between ONE dollar and one HUNDRED THOUSAND, or one MILLION. People spend a dollar on a thirty cent candy bar because they want it, can afford it, and often consider the 70 cents trivial, at least relative to their desire for a candy bar in the given moment. Also, most don't think they'll ever save and accumulate one MILLION single dollar bills, not to mention that the long-term goal is greatly outweighed by the desire for immediate gratification. And in regards to the car, most people don't consider 70 thousand dollars negligible when making a purchase, even most rich people I would imagine.
If it were the simple
You're not just paying for the candy bar, you're paying for the convenience and immediate availability of the product, which for many people is worth an extra seventy cents. Put another way, is the trouble of going to a store(in which case you're probably spending money using gas, expending time, effort, and energy) worth the savings?
I am a car enthusiast and am going to buy a super car one day but before I do that I want to have atleast 5 million liquid
Lacey Cardamone, No need. Watch Exotic Car Hacks channel.
Yo Cecil I have watched him. I havent bought the course or anything but the bottom line is this: If you own a super car even if you used a "Hack" It is going to cost you tens of thousands dollars a year. So I am going to wait until I am at a point where I can comfortably dish at several grand a month for a toy
Lacey Cardamone Cool. Which business are you in?
Lacey Cardamone
He doesnt realize to some people cars are more than transportation and a status symbol.
Bottle service? Man I am poor, I never even heard of that. But anyone doing that can more or less afford it. The other two I agree with you!
Norman De George I don't even buy water bottle service. I bought a $70 water distiller.
2:28 "Gambling (lottery) is an optional tax on the stupid." couldn't have said it any better myself.
And the dumbest people in the US are those running it into the ground.
Correct it's for fools wishful thinking okay what's going too happen first win the lottery or be mugged by.martians waiting for the bus hello anybody home the martians win
Thanks a lot, short and so well explained! ☺
I hear what you say but it was set up for the middle class to be in debt and you know that
Never:
1. Buy Jordans
2. Buy Lottery tickets
3. Buy Apple Products
1 and 3 are the same concept of the car. and 2 is gambling so yeah you're right.
BassHead77 Apple Computers are responsible for 90% of youtube videos...
BassHead77 lol Apple products.😂 facts.
And the point about Apple products is that they are not better in terms of quality. Iphones are ok but expensive, but pc’s are so overpriced, and offering much less than other companies.
Jordans increase in value, you buy for $200 and they can later go from $300 to $700
Not buying a ticket is stupid because you have NO chance of winning. Buying more than one ticket is stupid since you aren't raising your chances by much.
I think an exception to the expensive car rule is if you’re buying it for a business. I bought a large, and relatively expensive pickup truck because I need it to haul equipment. I couldn’t do that with a smaller, less expensive car.
So right about cars. At 65 I have only had one new car, but I drove it for 17 years.
Some people might enjoy driving more than others. You're buying a feeling and experience.
Also, more expensive cars/suv's tend to be safer, and with how dangerous American roadways are an investment into safety seems like a smart one.
I drive a 1999 Jeep for which I paid $20K in 2000 used. It has 280K miles on it. Runs great.
Froman Abe 96 chevy pick up for $1500 267k miles still going strong 💪🏼 😎
Mom passed 2007 still have her 86 duster that she paid 400$ for in2004 it's worth 1500$ today runs fine 46k miles 😎
I'm driving a 20 year old truck it's old still looks good but I'm not paying for a $60,000 truck and I won't that's just stupid unless your rich and most people aren't.
My car is a Tesla model 3 and it costs $670 a month it uses electricity to drive the chance of breaking is very low my grandpa bought it it’s the safest car he could find I’m only 7
back in the 80s i used to go to the scrapyard with my dad, for parts for his car, and we came across an old triumph stag, a real heap, and was totally rusted and parts hanging off, and my dad said " not long ago that was someones pride and joy, and they bled to pay for that, now its just garbage" - and then later in life; i was walking through a car park, full of luxury motors, and this guy said....wow look at all these beautiful cars....you, know, 10-15 years from now, they'll all be put in the crusher........so i always buy old cars and pay full price, never used finance in my life, and saved a tone of money.
This video may not be "ground-breaking", but it is definitely necessary. Sometimes the easiest lessons are the ones we tend to forget. Hence, the number of people that are in debt in this country. "There is nothing common about common sense." Also, not a ground-breaking phrase, but so true, and so timeless in a country living in such a senseless time. Thank you for the refresher. I'm sure we all benefited from it :)
Scared money don't make no money
Marco Griffin Isn't that some YMCMB lyric? I've heard it from Lil Wayne or someone else
Stupid money will lose you money but calculated money will make it rain dollars an diamonds. .
1:39 "You could drive six Lamborghinis." [Shows Ferraris]
I was told to have no girlfriends, kids, or a wife at a young age because that money will be gone out of sight..good thing I use my right brain to save my money on better things. Great advices ever.
Good advice. We are encouraged to live just within, or beyond our means. Credit cards are disgusting. Also, people are getting less and less in reality with how much money they actually have (or have not) because cash (dollar bills and coins) is being used less and less in favour of card payments. When I was young (a long time ago) you got a pay packet with cash in it - and that had to last you the week. There was no such thing as credit and I think that was a good thing. I was never tempted to spend more than I had in my pocket because you could not do it ! We are now urged to take credit in the forms of loans and overdrafts - to buy things now with money we have not yet earned. No wonder the debt levels people have are ridiculously high.
I was financing a used lincoln that was 13,000 dollars. Smh...lost it getting duis and had to file bankruptcy. Now im on the bus, walking, getting a ride from someone i know, or lyft.
Used old lincoln. That was so dumb of me
The dumb part was getting dui's...
I understand that investing should be done in something that will gain value rather than decrease, but materialistic things are awesome, and make you feel happy. Better off enjoying your money, because at the end of the day you can't take it all with you when your gone.
Silas Villagrana: True, but the thrill of buying something new lasts for a few weeks, at most. A few months for something like a car. Then it just becomes the norm.
Unless your a car enthusiast and love buying older cars
Another thing ypu should never do is flash your money on TH-cam lol
Or anywhere.
Here is the way I see it:
- If you want the car, have the money for it and can get a DEAL on it and want it for YOU and not to show off, then do it.
- If you like this clothing item, can get it for a DEAL and want it for YOU and not to show off then do it.
- Before you do ANY of the above things mentioned, CAN YOU AFFORD TO MAINTAIN THE ITEM?
Simple, if it makes you happy and you can afford it then buy it. What good is saving all your money if you aren't happy.
It's all about getting a good deal on the items you want and saving the extra money for rainy days. If you buy, you must save and when you do buy, do it wisely.
Here's one more... even though it's printed on paper with ever declining value, don't burn it to generate heat when you're cold. It's still worth slightly more than kindling, and the fed uses inks that give off harmful fumes when combusted.
Forget about weed girls and getting drunk.
Eh weed is a need for me
Gotta do these things. There is no hope w/o dope
Weed is cheaper than booze
I'm 51 and NOW YOU TELL ME!
Truly valuable information.
Please
P1
I’m twice your age and I find your videos insightful and helpful. Take a moment to consider. You are a very impactful person.
Remember a club is not selling you a bottle of champagne. They are selling you an experience. This is why Bugatti cost $2000000 only few people could experience it. And everybody else is excluded
Lol what about child support! Don't get a girl prego
That's the story of every man's life stop using your energy forced to get in women's pants and save your life force and your money it'll be worth it in the end as you age
Child support sucks
I agree in somewhat, but people, life is short, who knows how long they going to live, yes I believe in saving, but you must go head and live not to go crazy, THE BIBLE SAID, CAN YOu ADD ONE HOUR TO YOUR LIFE, WORRY ABOUT WORLDLY THINGS, PUT IT IN GOD HANDS. AND HAVE FAITH.
Amen to that
You're right I live with that
My car is a status symbol. It says I am smart and interesting. It's a 1999 Subaru! Chicks dig it.
Absolutely right Ryan. Good video. The third one is a very common mistake. I have two further views on this: 1. Always buy a second-hand car which is at the bottom end of its depreciation curve, and 2. never spend more than 3% of your overall wealth buying it. These two factors together determine what price range of car you can afford to buy. So if you have 100k in the bank, or in house, shares, and cash, you can afford a second-hand car of no more than 3k.
How funny that you mention buying bottle service in Vegas since I work in Vegas nightlife and help people who want to buy bottle service booths at cubs...btw, the cheapest bottle booths at the majors nightclubs cost more like a minimum of $1,000. After taxes, fees and gratuity it ends up costing more like $1,500 when all is said and done just for an entry level table.
Ryan Scribner Plenty of people. These clubs make so much money from alcohol that it's crazy. There are some people in this world with serious amounts of money to spend. People who pay for bottle service are essentially paying for the real estate that they occupy in the club. On big nights the minimum might be $2,000 for a regular table because the demand is so high. There are people who spend $20,000 or more to be next to the DJ booth at the nightclubs in Vegas
Trying to impress people that you don't like!!!
JacobslifeinVegas f
Nick O : So true!
JacobslifeinVegas : I was that guy. From Vegas, to LA, all the way down to San Diego. In the end of it all it's pointless. It's all a grand illusion.
I actually make money gambling on sports. I definitely pick my spots and steer clear of betting on my heart.
Freeman Fry draft Kings
My favorite team is the one I bet on
Mayweather is the best to bet but he retired
It’s more about then getting point A to point B ppl like cars and they don’t want some shit box. Ppl don’t buy cars to impress other ppl they like it them selfs. Some people want to live and not be depressed there whole life.
I dont own a single vehicle with an OBD2 port. I got a 66 mustang with a 289, a 92 s10 with a 2.8, and a 94 dakota with a 318. So I have a rec car, a hauling truck, and a daily driver. All paid off, all working and running, and all more dependable than the average ten year old car you will find on the road. All you need is to learn how to fix stuff and maintenance your own vehicles. That simple.
"They do it for themselves" so that they can impress other people
Great advice ! Thank you 😃
Good advice. I made the same mistake as buying a nice bmw for my first car. Lost over 15k in under 2 years versus buying an economy car. Was making lots of money at the time but changed employment for less money
I GUESS I CAN STILL BUY BEER & RENT HOOKERS. THANK GOD. I THOUGHT IT WAS GOING TO BE ON THE LIST.
Peter Thompson Einstein’s Theory on alcohol. You cannot buy beer you. You can only rent it.
Just buy the cheapest beer you can find, Peter.
odds killed by vending machine more if you only buy 1 ticket. yes. If you buy 200 a week not so bad then. LOL. but you will spend 292mil before you hit it once. If your not unlucky anyway. Then you win 40mil to 100 mil if your lucky. Bad odds for sure.
Thanks for sharing this valuable information.
That's the best description of the stupid lottery I have ever heard, bears repeating: "Gambling is an optional tax on the stupid".
Your videos are worth every minute!
Jesus. Nothing about this video is groundbreaking. Once I heard him say bottle service, I immediately turned the video off. Come on man. Do better please. I'm sure I can think of 3 things that are much more common that people do more than order bottle service.
RabidZoJo. Agreed, this guy is a bit of a fuckwit.
You're expecting too much. You only want groundbreaking videos or else you'll turn them off. Groundbreaking videos are rare, you shouldn't expect them from every video you go on.
So how do you know this vid isn't groundbreaking if u turned it off only after the second point?
Bear. Good point, however he is right, this video is bullshit.
RabidZoJo A totally guy thing to do
Excellent advice. Smart.
guilty of buying a high end car in india.
Very good advise coming from a young man of this generation .Keep it up man and more success to you & your group of smart & sensible fellows !
Not sure about the car analogy, an old car is far more likely to break down and have large repair costs, as well as poor fuel economy and higher road tax costs. My old Audi cost me £3500 in repairs AFTER I had paid off the finance, as well as costing me thousands in my job because it stopped me from seeing clients to sell my product to. I bought a 65 plate golf gtd in December last year which costs me £250 perm month, but hasn't let me down once or cost me a penny to repair.
Most of your advice is spot on though