21 Things You Should Never Waste Your Money On

Timecodes:

0:00 - Intro
0:08 - Unused Gym Membership
0:37 - High Expense Ratios
1:26 - Fast Fashion
2:05 - Late Fees
2:28 - Bank Account Fee
3:06 - Try SoFi
3:25 - Lottery Tickets
4:12 - Extended Warranties
4:54 - Buying Coffee Every Day
5:24 - Buying Lunch Every Day
6:07 - Too Much Food
6:47 - Bottled Water
7:06 - Underused Subscription
7:46 - Physical Magazine & Newspaper
8:04 - Cable
8:25 - Expedited Shipping
8:52 - ATM Fees
9:23 - Foreign Transaction Fee
10:02 - Hotels
10:22 - Airline Fee
10:44 - Private Mortgage Insurance
11:11 - Tax Deductions & Credits You’re Missing Out On

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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.

[hartejsanhotra]

The way Tae started straight away with the points was refreshing

[raulbustamante]

It's crazy how by living in a 3rd world country, I actually follow every single recommendation on this video by default. Yet, I'm still poor XD

[demontooth]

1. ALWAYS buy quality.
2. NEVER buy quality at full price.

[Pygtar]

1. Unused Gym Membership
2. High Expense Ratio
3. Fast Fashion
4. Late Fees
5. Bank Account Fee
6. Lottery Tickets
7. Extended Warranty
8. Everyday Coffee
9. Buying Lunch Everyday (expect social)
10. Buy Essential Groceries
11. Bottle of Water
12. Underused Subscription
13. Physical magazines and newspapers
14. Cable (TV)
15. Shipping
16. ATM Fees
17. Foreign Bank Fees
18. Airline Fees
19. Private mortgage insurance
20. Tax deduction/subsidies, ect.
21. Hotels

[danbgt]

Excellent advice. I’m a 73 year old comfortably retired old guy. I am comfortably retired because I was raised by good parents that grew up poor during the Great Depression. They taught me one simple rule about money. “If you don’t have the money to pay for it, you can’t afford it.” It’s a very simple rule that works. And will always work.

[celticsuave]

Best kind of content on youtube: Straight to the point, fast, no bs. Your videos are amazing.

[MillieFord-gqkz]

Reading books on investing is impressive! It's great to see such dedication to financial education. The real key to getting rich is applying what you've learned consistently and making smart, informed decisions. Keep up the great work!

[chrispaynter]

Thanks for not wasting time on an introduction, much appreciated

[karlivanr]

I love how you mention to stop buying stuff like coffee everyday and instead buy a machine or beans for home/personal use instead of saying to stop buying coffee and instead invest it in stocks or funds instead. Kudos! Because from where I live Financial Advisors tend to guilt trip people in that way. I love the 21 things you mentioned and I'm glad to be not guilty of at least any of those mentioned.

[ChristopherAbelman]

I started investing in dividends with my taxable account. I used the buy and hold strategy in my Roth, adding some Berkshire B stock, SCHD, and an S&P 500 and total market exchange-traded fund.

[adtc]

About fees: Once you get the mindset that sometimes fees are cheaper than the time you waste on trying to avoid them, you'll realize it makes a lot of sense to pay the fee and save your time. In other words, never be on the hunt to avoid fees always. Weigh whether the convenience that comes from paying the fee saves you your more valuable time and money in other ways. For example, the next ATM of your bank might be 10 miles out, but consider whether the fee you pay at the third party ATM right in front of you is less than the fuel cost and time wasted in driving 10 miles to the other ATM and back.

[undolf]

My toxic trait is thinking I can buy a $2000 espresso machine because I don’t spend $5 a day going to buy coffee

[millenialmemoirs]

I avoid wasting money on hotels by not traveling

[alicecarroll]

I like the fact that you got right to the point and didn’t waste my time—great job! Also, good info.

[MatheusmsMendes]

This is a masterclass in video engineering, videography, stats maxing in youtube and such a well tought content, i feel good to be watching this. thx truly

[pete]

We all own cellphones that contain a calendar - use it! Use your calendar to remind you when bills or payments are due and when free trial periods expire.
The calendar function usually has two reminder alarm options, strategic use as to when to set these alarms makes you think about when you’d like to be reminded, AND whether or not you actually need this particular product.

[DadinWA]

Agreed on the gym memberships, coffee, and lunch. I workout at home and if I want to take a class at a studio, I’ll pay for a drop in visit. Thanks for sharing.

[FreeAmericanUSA]

I have been following the less is more strategy and am very content. I retired a few years ago, my wife and I are debt-free. I'm in fantastic shape from focusing on my exercise and healthy diet. Living simply and honorably is very fulfilling. I walk about 25-plus miles a week at the local nature preserve, it's FREE. I know many who are drowning in debt and not saving for retirement. Make every dollar count, don't nickel and dime your money away. I sleep well every night and don't stress. Don't give up, get started on your journey to peace. It's worth it.

[taylorcarter]

Bought a chamber vacuum sealer this year for food leftovers. Paid for itself very quickly. Didn't realize how much food we were wasting. So easy to thaw out package and heat up for lunch/dinner at later date.

[nickkarean]

Thanks for starting this informative video straight to the point without wasting time with long-winded preambles. Much appreciate it. 👍