7 Things You NEED To Stop Buying To Get Rich

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If you want to be rich, then listen up because if I was in your position then I’d avoid buying these 7 things…
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[marktilbury]

It’s a great investing app & free money back to you for signing up & funding your account 🤝

[huynhtrungBSk]

Anyone else here obsessed with Secret Pathway To Triumph? It's like discovering a secret treasure map for wealth!

[Runeblade]

I will disagee with the house one. I think it depends where you live. The house I bought in 2020 has gone up 47% in value since I purchased it. That is more than a 200% return on my down payment over 3 years. It also costs less to pay my mortgage than to rent an apartment. When I move, it will become a rental property.

[financialintelligencecreations]

“We buy things we don't need with money we don't have to impress people we don't like.” - Dave Ramsey

[goldenmanuever]

It blows my mind Mark that you need to tell people this. I see people spending $25k/$20k GBP a year on property taxes and buying a new car every three years that is half their salary, no money down, 10% loan for 96 months. Complete buffoonery. It’s actually sad how the “system” takes advantage of the financially incompetent.

[tobiasdoe]

i divorced, sold my house...now i am getting rich

[jackmcdonald]

Stopping drinking is the best advice on here. I stopped 6 months ago and I’ve been more productive then I ever have been. 3 businesses so far, life’s looking good👀

[SpeedbirdHeavy]

I'm retired and if I didn't own my house, I'd have to pay $800 a week to rent it. That's a big advantage at a time of life when your earning options are hugely reduced.

[simonwl]

Great advice - especially about not drinking alcohol! I've never drank the stuff. Made a decision early in life not to follow the crowd. I've saved thousands of pounds over the years. It doesn't stop me having a good time and I'm so much fitter and healthier as a result....and financially independent at 54.

[ovrreaction]

Still driving my parents 2012 car so could save 5 grand to start my small business. Best decision I ever made!

[johnbell]

Thank you Mr. Tilbury for sharing your knowledge with us through your YouTube channel, you have inspired me to go on my own financial journey to become a Multi-millionare!

[whiteweewee]

i pretty much agree with all of this. when i was younger my dad told me to buy a house; which i did, but only as an investment property. i then leveraged this property to buy another after a couple of years. it has allowed me to live a decent life, 20 years later.

[XyaThir]

Some advises do really not apply to specific places. Baught a house in 2014 in Paris suburbs to live in, sold it in 2022. Prices did x2 in 8 years, so I could pay back the whole mortgage + getting a lot of benefits. And for my car, the inflation is so high that for the frist time in my life I could sell it 3 years later the same price I did buy it.

[mortenborg]

Advantage of buying a house - in my country - is that profits are 100% tax free. On the other hand we pay up to 42% tax of stock profits. So, I think it depends on a lot of personal factors.

[colinyoungscot]

These videos are great. Would be good to add extra details on what to do with the spare cash. I know investing is probably a good idea but people need to reward themselves occasionally as well.

[PierceJordan]

Would much rather actually be rich than just look rich. Great video, Mark!

[YKAPROJECT]

We are suffering in the Turkey due to high inflation. If I couldn't buy it today, it would be expensive later. So everyone thinks buy today even you have debt for it. In the worst stution, you will sell it. It will be more expensive than yesterday. So many people are buying house, land, car, phone etc. I do not. It became like I couldnt afford an average car or an average phone. I became poor. They became rich. What should I do?

[ionutg]

I am so glad that I watched your video! You are really right with piece of advice #2, #6 and #7!👍
It is the best advice I have heard from a person so far! Thank you so much!

[AnymMusic]

I also prefer renting because, at least in the Netherlands, renters are VERY well protected, and realistically if I wanted to leave, I could just pack up and go instead of dealing with selling

[markgardner]

My house payment is much less than any rental property in my area. And with the rise of interest rates and inflation, my property value has more than doubled in the 20 years I have owned it.