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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
Author

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

Author — MOBILE LEGENDS TV

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

Author — Puto Celular

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

Author — Marks Piano - PGN Piano

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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

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

Author — Forward Spots

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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

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

Author — Malc Prez

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

Author — Alicia Zubiri

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

Author — Saablazer

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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

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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

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

Author — VEGA

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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

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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

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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

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

Author — Manny Success

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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

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

Author — OLaN420

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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

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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