15 Things POOR People Waste Their MONEY On! By Warren Buffett

Are you still grinding at your 9-to-5, saving diligently, but struggling to see your wealth grow? 🤔 You might be falling into common money traps that many middle-class professionals do. According to Warren Buffett, one of the world's smartest investors, these mistakes can seriously hinder your financial success. 🚫💸

In this video, I’ll reveal 15 things people often waste money on based on Buffett's insights. From cars to latest gadgets and houses, from brand name obsession to unnecessary subscriptions, we'll dive deep into habits that could be draining your finances. Ready to transform your financial life? Let's get started! 💡🚀

Drop a comment saying "I'm Ready" to join the conversation and help us spread this crucial money wisdom. If you find this content valuable, don't forget to hit the like button and subscribe for more financial tips! 👍🔔

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📍TimeStamp⏰
00:00 Intro
01:31 Number 1 (Brand Name Obsession)
03:36 Number 2 (Buying a House)
06:03 Number 3 (Unnecessary Subscriptions)
09:06 Number 4 (Smoking)
11:12 Number 5 (Buying New Cars)
12:54 Number 6 (Misusing Credit Cards)
15:19 Number 7 (Impulse Buying)
18:40 Number 8 (Eating Out Frequently)
21:58 Number 9 (Constantly Upgrading Gadgets and Devices)
25:57 Number 10 (Excessive Social Spending and living beyond Means)
30:18 Number 11 (Buying Lottery Ticket and Gambling)
35:02 Number 12 (Drinks At Bars)
38:19 Number 13 (Too Many Personal Care Products)
41:15 Number 14 (Junk Foods)
43:48 Number 15 (Holiday Spending)
46:12 Conclusion

DISCLAIMER: I am not a financial advisor. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion, based on knowledge gained from financial books and the wisdom granted to me by God. Remember, wisdom is the application of knowledge to achieve the results you desire.

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[RealMoney]

Thanks for watching! The support we've been receiving has been unbelievable!

Thank you all and don't forget to SUBSCRIBE for more financial content like this! Also check out more related videos on our playlists;

[tammywade]

I was working at a very small gas station off interstate 80, in Shelton Nebraska. This older man drove up one day in a Cadillac, he came in got a drink. He wanted to sit at the table and talk so we did. He was very pleasant. He never introduced himself. One day on TV. Long after that meeting I recognized him! No idea I speaking to Warren Buffett! Such a kind man.

[rupsenshah]

It's unfortunate that these Lessons are not taught at Schools n Universities 😢

[maudamugisha]

No more junk. Yes to health and wealth.

[bridgettetraveler]

I choose value over vanity. I stayed until the end. I choose home cooking over eating out not just to save money, but I make my food healthier than the restaurants. This is a great video. No cigarettes or alcohol here!!!

[alisonjones]

I have been driving the same car for 25 years and live in a small Condo. I live within my means

[AutumnGold]

I wish I had studied about finances because I watch everything about the rich versus the poor and how the poor are surviving.

[babaabdullahi-ik]

I am ready, I choose value over vanity

[KurkEvelyn]

Quitting smoking for wealth and health

[Hanaka]

I’m a housekeeper that’s why every single penny i give value because not easy to earn but easy to spend it, that’s why spending wisely is the key to success and happiness

[Tammy-izrz]

Buying a house is one of the few assets that almost always goes up in value (except for 2008). Being older I look back at 1977, and see how much a house would have increased in value.

The most important thing I’ve learned is that The Founders did not want the government to sanction/charter long term business corporations. In a free market the government doesn’t charter corporations therefore there are no corporations in a free market.

As far as the ultra wealthy spending go, I had a friend who said they would do things like fly to Brazil for lunch.

[SharonSurvivor]

I’m ready, I choose financial independence

[TomBTerrific]

Im not rich, highly educated or super ambitious. I always took jobs that came my way. Lived within my means. Always paid my credit cards off as quickly as I could which was easy because I didn’t charge things i couldn’t pay for. Mostly Bought good used cars and kept them for 10 -20 years. Went back to trade school at 30 yrs old. Always looked for discounts for all purchases. Unfortunately I was married 3 x. And those were costly adventures. Now I am living in retirement and surprisingly have a network of 3 million. Still surprised by it.

[davidfortier]

Quit smoking 12 years ago, alcohol 6 months ago retired at 60 feeling good .I subscribed

[rykrbju]

It's all about balance. One can have a little of everything. Otherwise life is a chore if you're always practical. While I dnt like apps and subs.

[vanessaharris]

I’m ready for God’s grace in financial needs for my family.
Glory to God!❤

[bayboybob]

Didn't smoke, invested some money in mutual funds but the fees took most of the gains so got out of that missing the 2008 meltdown. Worked at a job with a pension plan and saved some money for retirement. Now at 74 very comfortable with a paid-off home and a new car. Don't have billions like Buffet but you can't take it with you and with the average life expectancy at just over 74 I just turned 74 and hope to make it at least ten more years.

[jakehoang]

Everything in here is right except the house . My bought a house in 1999 for $400k in $2012 the house value $1.3 mil now it’s $2.3 mil . Real estate is investment

[EkpoamakoweiAduma]

Thank for these instructions .if people follow it, it will help them and help us to overcome unnecessary debt, anxiety, and depression. Not financial stability.

[sylviaiijima]

Im reading Power up my finances as daily learning
I’m grateful to hear advises from you Sir