8 Financial Decisions That You Will Regret In 10 Years!

In this video, we will share eight financial decisions that many people may regret in the next 10 years. At times, it can be difficult to foresee the negative externalities of a current financial decision that you make today. It is my hope that you can take some of these mistakes into consideration when making decisions in regards to your financial future.

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I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.

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[NateOBrien]

Which videos would you like to see next? What questions do you have? Comment below!

[HB-kbrt]

1. Buy too much house (the bigger the more buck)
2. Tapping into your retirement funds (definitely will regret in 10 yrs time)
3. Foregoing further educational opportunities (not limited to university/college - books, videos...)
4. Skipping insurance (get it for your kids while healthy, life insurance may not be granted to people with chronic illnesses or other serious issues)
5. DIY Investing (Jumping into the stock market too fast)
6. Not refinancing your mortgage (depends on credit score, interest rate)
7. Not withholding enough taxes (from your paycheck) - consider having more withheld for more buck back at the end of the year
8. Too many subscriptions (cut cost where possible - lots of payments to subscriptions make no sense)






Thanks for these videos Nate!

[thebusinessboi]

I'm only 12 but I thought I might learn this stuff sooner

[tahirisaid]

HELOAN, HELOCs and cash-out refis should ONLY be used as leverage for investing in rental real estate. If you have sufficient equity in your primary residence and you’ve done your due diligence and the numbers work out on a great deal, a HELOC is preferable as you can pay it off when your ARV (After Rehab Value) on the new acquisition is enough to refinance the total debt. Service that debt from the rental revenue and enjoy the residual net cash flow. Then use it again on future acquisitions. This is what I’m doing.

[bebop]

Insider tip: Can't buy too much house when you can't afford a house in the first place. #California

[NickPeitsch]

Regretting not making Graham Stephan’s $0.20 iced coffee sooner in my life ...

[calvinraab]

So many people will regret just not starting, not letting that compound interest build up.

[techbellcs]

Biggest Regret: Not following my dream career at 21 and listening to my parents advice instead...had to wait 10years to do my own thing.

[brianpan]

I'm 28 and have already made innumerable financial mistakes. BUT! I have peace of mind. Live and learn. That's my motto! 😃

[DanielIles]

*that I didn’t invest in bitcoin back in 1813*

[thomasmorrison]

You are correct about home ownership. I spend about $1000 per year on landscaping, $9000 per year on property tax, $400/month on utility costs, and several thousand dollars in repairs and maintenance.

[chachingfm]

books and podcasts provide so much value everyone should be doing, listen to a little less music or watch a little less TV and read a book or listen to a podcast

[ZacharyLaid]

Two of my biggest regrets are not starting a Roth IRA and opening a credit card at 18. The few years makes a HUGE difference.

[Adam-tzvg]

Watching all your videos as a 14 year old. I'm learning more here than I learn in school

[BryanKeith]

I def regret not reading as much in the past. Books are amazing tools for success. Most of the content from your fav business/self-help/guru youtubers stem from books that they’ve read.

[Arvabelle]

I read Rich Dad Poor Dad my junior year of high school (in the back of my precal class 😂) and I'm glad I read it when I did!

[carlosb.]

#4 i learned that i wont beat the market. Don’t leverage your money don’t do options just buy some solid stock stick with it and you’ll see it slowly grow instead of trying to beat the market. I only lost $300 out of $1000 but it was a well learned lesson.

[chrisglaze]

Tapping into your retirements funds should be the last thing you do next to filing for bankruptcy. You probably will have a penalty and the money taxed at your income rate. Just let it compound and find other ways to make money.

[Waynimations]

Thanks for being such a great help. Cutting out a lot of "entertainment" out of my life has helped out my art a lot.

[sanoski]

Love the tips! I'm happy to say I'm watching this at age 20 instead of age 50!