8 Things You HAVE To STOP Buying To Get RICH!

So let's talk about the things you HAVE to stop buying to become a millionaire. The secret to becoming rich isn't necessarily high income, it's budgeting and cutting down on non essential expenses.
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TIME STAMPS:
00:00 Intro
00:42 Don't Buy Extended Warranties
02:08 Don't Buy New Cars
03:59 Don't Buy Penny Stocks
05:23 Don't Eat Out Regularly
06:15 Don't Buy Expensive Gifts
07:44 Skip Hotels If You Can
09:10 Limit Passion Purchases If You Can
10:15 Don't Overspend On Subscriptions
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[joshjn]

As a GEN Z I love this guy. He is like the uncle I’ve never had that teaches me good advice. Not only about finances, but life in general. Thank you!

[upMETHOD]

I was 42 when I purchased my first new vehicle. Toyota was offering 0% with no money down on a 2021 Tundra so I got a new one and I didn't have to pull any cash away from investments. Great vid Mark, as always!

[arnavsoni]

People who call you a boomer are idiots . You're a great old wise man who is helping people with his knowledge . Great work as always

[connorkitchen]

I love this guy. He tells us the stuff we need to hear whether they like it or not, all for free. Thanks, man.

[brodie_turner_]

The passion purchases part is said so well. I'm a passionate surfer and surfboards are insanely expensive. I decided to learn how to make my own instead which saves me about $400-600 per board and I am working on turning it into a business. Enjoy your passions, but there's usually a way to make it lucrative

[jakehumprhries]

I like the “status bar” for each point, let’s me skip past the ones I already know about 👍

[howtosteve]

I think Passion Purchases can be called Emotional Purchases, which can cover a lot of other unnecessary spending like eating out regularly or expensive gifts (most of the time, all our purchases based on emotions and not rationality).

[damianleah]

Love this vlog great advice, I am in my 50s now and I have never taken out these extended warranties, they are just a mechanism for the sales team to earn extra commissions for doing very little . I only bought my first car on finance, never again. I was made redundant so felt financially vulnerable. So from then on I saved up, then purchased my cars thereafter.

[divyamchourasia-i]

As a an Indian Financial Knowledge is not taught as a part of school curriculum, many of my classmates dont even know about stocks (btw i am in 7th Grade, 13 y/o) so you are doing a great work by teaching people about personal finance, and educating people so love you 😀😀👍

[richardkovach]

Hi Mark, great content as always. I was hoping you could do a video discussing the market situation as of lately, it seems that it just keeps going down. Is it good time to buy (to get a dollar cost average, or buy new stock), what are your thoughts? What will happen in near future? Etc. Thanks!

[mydviews]

I have only bought new cars. First one I drove for 24 years. The second for 15 years. Bought the third one a month ago with cash, as I did with the first two. I save my money until I can afford the one that I want. I never bought the extended warranty though. Never had any mechanical failures, other than minor things that I fixed myself.

[MrDancemeh]

Awesome tips. As an entrepreneur who’s done these things for nearly a decade, ppl ask how u get rich and it’s honestly down to the simplest way things.

[pratimoksha]

This is a well made video. The progress bar visual effect on the chapter captions in the bottom right corner is very helpful for people who want to skip to the next part if they feel they've already understood your point.

[barrilitosinfondo]

I feel #2 is not 100% correct right now. Used cars are very expensive at the moment and in some cases I feel it'd be better to buy a new vehicle is you can get your hands on one that is.

[phoenixslayer]

Hey Mark I am 12 year old and I am hooked and love your videos. Keep making awesome videos I already started on investing.

[veselinvetov]

„I am just enjoying, sharing what I have learn through the years“ I am so happy to hear such sentance. Just found the channel - subed. I hope you stay behind the meaning :)

[runcmt]

My last two cars were used coming off of a lease with 8000 miles.

[easyrider]

It is so wholesome when your son speaks

[alanavalos]

I’m 14 but I will still watch these with great interest and learning intentions

[Piksity]

Hope everybody reading this becomes rich in 2022 :)