6 Money Traps to Avoid in Your 30s | Phil Town

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investing in your 30s, wealth management, manage finances, money tips, value investing, how to invest money,

💬 Comments on the video

I'm 25 and I want to start my financial freedom



A car is not an investment, is an expense that devalues per year.

Author — Puto Celular


Doing pretty good so far, except eating out. Haha 😂

Author — Marks Piano - PGN Piano


Its cheaper to not impress anyone. Disappointing them can be a lot of fun too. That way you can see who they really are.

Author — Armor Combat Systems


You forgot the best one - exercise daily. Costs nothing to run around.

Author — Forward Spots


7)Having an expensive wedding : a wedding is not an investment the 50k you pay for that day will be gone the next day. It really is an irrational expense : spending thousands dollars for a dress you will only wear once ?..
8) Not making sure you have enough money to have kids

Author — Leila


if you cant afford to buy it twice, you cant afford it.

Author — Malc Prez


social climber friends are money traps too..choose your friends wisely 😊

Author — Alicia Zubiri


It's easy to avoid money traps when you don't have money ;)

Author — Saablazer


I’m 22 bought my first home... decided to rent it out and still live at home with my parents until I pay off my auto payment.... in a year or two.

Author — XCVI Mac


Stop going out to eat so much. This will be beneficial for many reasons. It costs way less which is why I’m commenting on this video. Rice, pasta, PB & J, soup, etc. are all very cheap. Also, you lose appreciation for the really good food if you have it all the time. I have a rule that I eat minimalistic during the week and I enjoy food on the weekends. This will also force you into better eating habits where you aren’t packing on the LBs constantly.

Author — Alexander Stewart


"having an expensive significant other " this applies to parents too!

Author — VEGA


Lol you are so right about nobody caring what car you are driving. Nobody really cares what car you drive. Totally agree!

Author — Elizabeth Orozco


I am 28 and i already fell for all this traps in my 20s... Wish that i seen this video in my early 20s. No wonder i feel older than i really am. Oh well, It made me wiser at an earlier age too. :)

Author — Nicenfriendly7


I’m 25 and lucky I’m doing everything you recommended. Bought a house on a budget remodeled it, bought truck at half the cost used, my wife loves to save money, and we never really eat out, no credit card debt.

Author — greatonline


This was refreshing. I felt like he was in my living room giving me this advice.

Author — Manny Success


You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.

Author — Richard Wahl


"Buy what you need, not what you want." - Grandma

Author — OLaN420


We keep acquiring what we don't need just to please others but deep down it's a waste of money, why not invest that money and grow your financial capability.

Author — James Pham


I'm really proud to say that I didn't make any of these mistakes and I've been working really hard throughout school and I was able to land a good job that pays so abundantly. I've been frugal with my money, and I really hate eating out in America; so freaking expensive and you have to tip. I'm really inspired to hear you say that getting into the goal of financial freedom is not a sprint, it's a marathon. I know I will get there! Thank you.

Author — Lulu