Let’s discuss the worst purchases to make in your 20s, if you make smart financial decisions now and avoid these mistakes that I made, then you can set yourself up for a whole life of freedom rather than having fun right now in 2023.
Imagine you can buy whatever you want and you still be rich. Errr… that’s not happened often. You make purchases that you think are smart, but they actually make you poor.
But what were these mysterious things? first, we need to look at why you are getting involved in buying those things.
You are surrounding yourself with a materialistic environment. Everywhere you go, you see people driving BMWs, Mercedes, or Lamborghinis once in a while.
Then you are hanging out with your friend, and they want to purchase these expensive things. If you don’t buy like them or be like them. You are not cool, you are an outsider.
But deep down, we want to fit in and want to be part of something. However, the peer pressure is strong you force yourself to buy the stuff that you can brag about or impress others.
This lead to the first purchase that will damage your wallet.
Remember the time you convinced everyone you were a tough, strong, alpha male. And your friend was impressed by you. And where do you think they go?
When you are going there, you are not going to be sober. In fact, it is the opposite because you want to have a good time.
One of the strippers has a locking eye on you; she comes to you and asks do you want to lap for $20? Of course.
Lap dance leads to the VIP room, and 1 to 2 hours go by $400 – $500 gone. She told you if you spent another $500, she agreed to go hotel with you. Well, heck yes, let’s go because it is cool. [Voice Over]
The next morning you look confused at your receipt, and you start crying because you spent $2000 for one night.
Let’s say you are clever and saving little money don’t go to a strip club but still hold on to alpha male status.
You purchase one membership for this person and make another one for the next person.
Next month you look at your credit card statement and shock, you spent $1000 on a member subscription, Pay per view, and tips.
You feel you are wasting money, your life is the same, and you still poor. And your friend message you. There is an opportunity to get rich by buying NFT and cryptocurrency.
You hop on youtube and research nft games can earn a living. You purchase all these nft axies and hope to earn money by playing the game.
Soon crypto market crashed like hot garbage. Your nft becomes worthless. Now you are back to 0 and blame yourself.
But does not have to be ending up that way. What can you do better? grab your passport. Pick the map and go to a different country. You buying experience travel around you learn so much.
These purchases are only a tiny fracture compared to the big picture. There’s a worse investment purchase that can drain your bank account quicker. Then this video will show you how to avoid yourself from it.