21 Things You Should Never Waste Your Money On

► Checkout SoFi // Get up to 4.50% APY, pay no account fees, and earn up to $250 when you sign up and set up direct deposits. Terms apply: sofi.com/tae *affiliate link
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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LINKS:
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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.

[@TaeKimFinancialTortoise]

► Checkout SoFi // Get up to 4.50% APY, pay no account fees, and earn up to $250 when you sign up and set up direct deposits. Terms apply: sofi.com/tae *affiliate link

[@evalangley3985]

You can get extended warranty for free by buying with your credit card.

[@een-n-out]

I love SoFi. Used to work for them. Great product and use them to this very day!

[@landon.wilkins]

Surprised you don't promote Wealthfront (5% APY). They have an affiliate program as well.

[@callmenose]

@@een-n-out i also use sofi, i dont usually vouch for promos but its currently one of the smartest banks to have if you have the goal of spending intelligently.

[@delpullen1982]

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

[@dietbajablast5790]

only a sith deals in absolutes

[@Jane306]

My tagline is : Guess how much i bought it for!!!

[@robynp7536]

Words to live by 🎉 get comfortable with second hand. It's great giving something a second home and even greater keeping all that extra cash by doing it

[@Jane306]

​@@robynp7536 i think it's not necessary about second-hand. sometimes they do clearance sale or year end sale.. i got my Bally wallet at half price and it lasted for 10 years until i finally got bored and donated it a few years ago. i guess it is still sitting strong at someone else' house.

[@nolankuffner3573]

​@@robynp7536that's cool. My friend bought a car second hand. 60k car. For less than 30k. Vetted by a mechanic. Great deal, right? Had issues after less than 6 months. Bought it just under 2 years ago. Has invested 12k more into it in repairs. Which means it's resale value has further dropped, it's still not under manufacturers warranty, and it's become a liability. SOME things can be purchased second hand. Second hand can sometimes become a primary issue if there's no longer any security behind that option. Unless you're actually getting ahead or guaranteed to save money, sometimes buying something new is a better long term investment.

[@hartejsanhotra4815]

The way Tae started straight away with the points was refreshing

[@pawemichalski182]

He value our time by doing it this way i think

[@alleynejoelle]

YESS!

[@josuehernandez3611]

Every single content creator should make their videos like this and put their bla bla bla at the very end

[@4140ajj]

I liked your comment because it was on 999 likes and I wanted to push it to 1k 😅

[@hartejsanhotra4815]

@@4140ajj thank you😂

[@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

[@snufflesTheArticulate]

Thanks

[@storyandasong]

Add this to the list: do spend money on little luxuries once u can comfortably spend on these to avoid a burn out, do spend money on self care, good outings etc. to recharge yourself if you can help it.

[@Nwakaego_]

Thank you for this list.❤

[@MillieFord-gq1kz]

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!

[@MariettaDiane]

Reading and learning are crucial first steps, but the true transformation happens when you start applying that knowledge consistently. It's all about making smart, informed decisions and sticking to a solid financial plan. Keep it up, and you'll see great results!

[@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.

[@Coldass]

Sir if you lived through the depression you’d be at least in your nineties

[@danbgt]

@@Coldass I believe you misread my post. I was raised by parents that grew up in the depression.

[@Coldass]

@@danbgt forgive me, as you may have guessed I come from public education.

[@user-qx4vs7ne8w]

Even better: “if you don’t have the money to buy it twice, you can’t afford it.”

[@gbinman]

@@Coldass you don't read well. He said his parents grew up in the depression. I am also 73 and my parents did too. The "Charge it" movement made people poor. I retired at 54 and have been totally debt free ever since.

[@celticsuave]

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

[@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.

[@jdtreharne]

A few years ago I bought an espresso machine on Prime day. I still use it almost every day to make Americanos. It's so good. Almost everywhere I go now and buy an Americano it tastes burnt or over extracted.

[@karlivanr]

@@jdtreharne me jealous of you! I'm still researching on what coffee maker I should get lol. But for reference I use a good manual grinder and a moka pot at home. I rarely buy coffee outside now except for the place where I buy the beans also, they're a local coffee shop so I don't have any regrets.

[@aislt8786]

Sometimes having a cup of coffee is what you do with your colleagues at work. I think the social networking from that is well worth the money. On the contrary, it might even seem kinda anti-social to not do it.

[@mrlightwriter]

@@aislt8786 And when you can't drink caffeine because it makes you all hiper and sweaty?

[@jamesscholz8338]

​@@mrlightwriterget a nalgene full of water, and if whoever your colleagues are happen to be bothered by that, get a different career

[@raulbustamante8337]

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

[@vmasakiv6459]

Lol me too

[@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.

[@cookingrabbitty]

This, thing about fee is that you can use that as an advantage and pay to buy more times is reasonable.

[@egarcia1360]

The trade-off might be worth it in a pinch, but I think what he's getting at is to, for example, stop by the ATM in advance to take out enough cash to last you a while, so you're not forced to choose the lesser of two evils later on.

[@CamTracey]

Essentially, just learn to plan a little bit. It's not that hard!

[@GRBtutorials]

@@egarcia1360Problem is, how do you know the store doesn’t accept cards in this day and age? Carrying cash just in case, especially large amounts, is a liability due to potential theft or loss.

[@egarcia1360]

@@GRBtutorials The whole point is that you don't necessarily know whether you're going to end up somewhere that doesn't take cards (or charges an additional fee, or happens to have a malfunctioning reader or a power outage), so it's good to have a bit of cash to get you by. There is some risk, but it's generally pretty low, unless you live in a really dangerous area or have a habit of losing things, I guess. That said, I wouldn't recommend carrying large amounts, but at least enough to hold you over for a day, because you never know.

[@pete5534]

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.

[@nickh2647]

I know when my bills are due simply because I don’t want to miss any late payments. If I set reminders then I end up paying them early anyway

[@tomterific390]

Then there's just the old fashioned way, send off the payment as soon as the bill comes.

[@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.

[@djgonpet]

Well done!!

[@FreeAmericanUSA]

@@djgonpet Thank you.

[@MrSantiagoRD]

I am still young (26) but recently I have been concerned about retirement. Do you think it is possible to live confortably from savings?

[@CharleneCong]

One thing that really improved my wallet is I moved from Hong Kong to Zurich, I started having drinks at home with friends instead of going out to bars and restaurants. It's saved me a lot of money. It's a small change, but it makes a big difference in how much I spend:) Great video!

[@holyciaelisajitol5806]

the way he jumped straight to the point at the first few seconds

[@undolf4097]

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

[@franzst.664]

All great points. Thanks for sharing! Except: Printed magazines. I like long form journalism (and books) and I hate reading on digital devices (too much distractions, strains the eyes). Also 1 or 2 magazines lying around the house remind me to pick them up and can also be a great conversation starter with friends over. Also, for me at least, going to the shop buying a physical item is more friction and makes the expense more deliberate. With everything being a digital transaction, it is just too easy to spend money on magazines you end up not reading. Probably, a personal preference 🙂

[@rubyparchment5523]

I love and adore the NYT BOOK REVIEW, print version. Just renewed my subscription for close to $300.

[@jaylynn7493]

@@rubyparchment5523 Is that the New York Review of Books? If so, it’s unrelated to the NYTimes. But it’s an amazing read; so much depth, so eclectic.

[@aminalucid]

I agree

[@W6rr10r21]

I also kinda disagree with the video on this point. If you enjoy buying and reading printed material it’s not a waste of money. Except for people for whom it doesn’t make a difference. Same goes for the coffee. If the the walk to the coffeeshop and being there adds something positively to your daily routine it’s also not a waste of money imo. Unless you hate going there and simply need to get a cup of coffee cause you are too lazy to get a machine yourself. Cost/ benefit ratio.

[@stukafaust]

Yeah I'm old fashioned I love real books and magazines

[@alicecarroll2007]

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

[@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.

[@taylorcarter707]

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.

[@youngyhasard3219]

Vous pouvez mètre dans le pot en verre tourner vers le bas que l air ne RENTRE PAS SA CONSERVE TRÈS LONGTEMPS

[@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

[@markgoostree6334]

So many good points! I carried my lunch almost every day for 47 years. I ate out more with my wife in the ten years she was retired than the thirty years prior to her retirement. I never have bought coffee out. I have lived your list most of my live without even realizing it! cool

[@khoasterful]

Great video Tae, as always. One comment about lottery ticket. Although you are correct about wasting money on lottery ticket, where odds of winning is low, and my retired dad typically buys $1 each week. Not that he needs the money (and he said he would give them all away if he hit it =), but he say that he's buying $1 worth of hope. It gives him something to look forward to. Entertainment money well spent by my standards...

[@brucestiles6477]

I buy lottery tickets very occasionally. It takes $2 now to be able to win the big jackpot. I buy one $2 ticket if I should happen to learn that the jackpot is in the stratosphere. (I do not follow the lottery jackpots.) I figure that I can afford to waste $2 every now and then, and if I *should* happen to win, the event would be life-altering in an even more significant way. It's not like I'm spending $100 a week, thinking that someday I'll win big.

[@bpo6955]

Have you won yet?

[@khoasterful]

@@bpo6955 Yes, it gave my father purpose of looking forward to the next day (that's worth at least a buck or two right?). In terms of actually hitting the jackpot, sadly, no...

[@ThomasWJames]

When Powerball jackpots exceed 584.4 million you’re actually +ev (expected value - meaning what you can win based on what you put in exceeds the odds of winning) and should buy a ticket…poker has taught me that about pot odds and expected ev. 😃

[@brucestiles6477]

@@ThomasWJames Yes, expect that you'd have first to allow for the fact that there can be other winners who will share the jackpot. I almost screwed up by saying that you'd have to allow for taxes, but since you're going to win, you can deduct the cost of the tickets. I sometimes wonder why Bill Gates or Warren Buffett do not buy a ticket for every combination of numbers, guaranteeing their win.

[@Jbridge621]

Our family uses the gym 144hrs per month so at $98 per month at $0.69 cents per hour it is a reasonable health investment for our family. The family Christmas gift was a latte maker last year. Totally worth it.

[@mrlightwriter]

I pay 10 euros per month and I can use the city swimming pool every single day of the week.

[@osmandc4293]

Straight to the point, no bs, actual useful tips! Subscribed

[@krd5200]

Thank you, Tae. I like how direct you are and that you give a lot of advice in this video, and that you are clear and easy to follow. I like how you quickly demonstrated that the cost-savings examples (like the one for coffee, which I started doing 4 months ago). I have subscribed and plan to keep watching.

[@nickkarean]

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

[@billd3356]

Love this! ONCE IN A WHILE, I have late fees on bills, but not usually and I do need to start bringing my lunch to work. Hadn't thought of that. The rest-I'm set.

[@Trollz0r.Trololol]

I'm glad I found this video. I stopped paying for bills and taxes, and I've never been happier

[@Pelkey71]

Many wealthy individuals maintain their wealth by adopting frugal spending habits similar to those of the less affluent. They also prioritize continuous investment, whereas some poorer individuals tend to spend extravagantly without focusing on long-term investments, often attempting to impress those who are already wealthy.

[@acornsucks2111]

Good comment.

[@cyber-dev]

I "meal prep" eating out every day. I have very strict rules on what/where I eat but have managed to get a high-protein menu that is cheaper than anything I could get via groceries. Also, I could see PMI being acceptable if you are getting a rental property like a duplex or quadplex and renting out the other units. It's way harder to save 20% of a $1 million dollar property and as long as you have the numbers down and have a net positive ROI it could allow people to get into real estate who would never have otherwise.

[@verymuchgerman]

The information he offers is nothing new, but he seems so nice I keep listening... ❤

[@katharineh4548]

Excellent points - very thankful none of it applied to me, but worth watching to see if there was something I could revise. I'll definitely be taking a look at some of your other videos.

[@professionalsasquatch]

Failing to plan is planning to fail. Thanks for the great content Sir! I really enjoy your calm tone and straightforward delivery in your videos. It's not like the over-the-top click bait that some other financial content creators make.

[@krishnit2k3]

Straight to the Point and no BS. Very good Content and Informative. I subscribed to the Channel.

[@millenialmemoirs]

I avoid wasting money on hotels by not traveling

[@faicelzribi9836]

😂

[@martinkiongo2725]

😂

[@itguru59]

Tae - Please prepare a detailed video on the travel hack point mentioned in this video , as that tends to be confusing - will be very helpful

[@dustinp1164]

Thanks, good thing I am on track with being smart about avoiding bad expenses! Keep up the good work Tae.

[@engab4783]

You're my newest discovery on YT and I'm loving it. Turning 40 in about a month and feeling younger than ever.

[@algreen1]

Think about it, if you have an unused gym membership, the advice shouldn't be to cancel it to save money - instead they should be advised to get motivated and get into the gym.

[@gkhaughton163]

PMI is required on a conventional loan when financing less than 80% of the bank appraisal. The (PMI) insurance is proportionate of the down payemnt so one putting down 15% will have a small PMI policy, as you are only insuring the 5% .

[@danirodriguez3682]

About coffee out. If you’re drinking flavored Starbucks coffee you don’t need something fancy to replace it. You could literally throw milk, quality freeze dried espresso chips, and the flavoring (or my favorite a square of chocolate/or truffle) into a tabletop milk frother and that’ll be good enough for flavored lattes. Depending on the quality of the chocolate it comes out to around $0.60-$1 per latte excluding frother cost

[@wmavila_14]

Tae, thank you for making a great, informative video! I wanted to add another expense to this list you can easily avoid. If you own a car, you know you have to purchase new license plate tags each year. At my tag office in Georgia, if you pay for these tags using a credit card, they add a "convenience/card" fee on top of your tag that can cost up to $5.00. However, you can avoid this additional fee if you pay with cash. I don't know if the same is true for all tag offices across states and counties in the U.S., but it pays to have some cash on you whenever you purchase your new tags!

[@aalegalfocus]

Heard about your channel in Kiplinger's magazine. Thank you for mentioning the environmental impact of being financially wasteful too!

[@FinancewithAvrin]

Great video, helped me realize even more how many things I’m not wasting money on.

[@bv-im1fg]

you got RIGHT into as soon as video started. Thank you

[@benvail6395]

Great vid Tae, but the PMI advice needs more nuance. It's a helpful thing to consider, but we paid $100/mo on it and have owned a home for years already that locked in

[@jonathandurden3105]

Thank you! Was also going to point this out. I would not have been able to save 20% for a house with rent prices being what they are (often more per month than a mortgage). I got a 5% down conventional loan with a $15k grant and pay close to $100/month PMI. My plan is to wipe that in a few years with a refi. Trying to save $40k for a 20% down payment on my $200k house would take me easily another ten years of renting at least, if I could save the money up at all. And by that point cost of housing will probably be quite a bit more and I would not be able to afford as much house anyway. You take small losses early to get bigger gains later.

[@mandypdx]

@@jonathandurden3105you probably wont want to refi with interest rates being so high.

[@scubbarookie]

Great tips! Some of these, I have been familiar with; however, you did touch base on subjects that I was not aware of till now. Thank you for the advice! I found very good value from this informative video; therefore, became a subscriber. 👍

[@mylesfredson5670]

My man got my follow within 5 seconds of the first video I’ve ever seen from him. Big ups to you, sir. Thank you for the quality content.

[@AsterioMetaverse]

22. Kids - just don't have them, instant money saver!

[@69Rain420]

amen

[@aquifer9480]

Excellent video.The only part I disagree with is extended wareanties. There are countless examples of people having major vehicle malfuctions just a couple thousand miles past manufacturer powertrain warranties. If you dont keep the same care past warranty, or trust your mechanic or your own wrenching skills I can see why you would take the risk, but legitimate extended warranties on post covid vehicles could be an investment that saves you time and money.

[@MeltingRubberZ28]

My "solution" to this is my budget. Every expense is tracked, so any recurrent fees that are not on the budget get "found out" and the axe immediately. I actually dropped spotify since they wouldnt hold my wifes student membership discount anymore. So we went to pandora. They did the same about a year later. So we dropped that. I actually dont really mind the commercials anymore heh.

[@KeepItLwky]

Subscribed! Straight to the point information.

[@marianam7439]

I live up to "don't spend the money you don't have", and I've applied the advices in this vid as well, I've gone through very dark times but I managed to survive with little money because of those strategies.

[@Fausto181818]

You made excellent points, I just subscribed to your channel.

[@nik_evdokimov]

Thanks for this video, though all these points were already familiar, I find it very useful for those who don't know about these things

[@ronanmc2112]

Great tips. Watching from Ireland so I loved the stock footage of a Ryanair plane!

[@oscarmontemayor2209]

As always, great vid! Thank you.

[@CamTracey]

That was great, thanks! Most of them i already do, or try to. But it's nice to know I'm not the only one, plus the ones i didn't know! As an Australian living in Europe, this still applies!

[@kensantiago132]

Good suggestions and well spoken. Thank you.

[@MJ-ek4yo]

Thanks so much! Your video is an eye opener for me!

[@briansukhu4392]

Extended warranty depends on the product/usage of the product(s). I paid an extended warranty, it covered tyres, neon lights, which amounted to over $1000.00. I didn't buy an extended warranty on my LG appliances. They are a year out of warranty and have problems

[@felisak6053]

I agree with buying coffee a day. My husband and I love latte after looking our expenses in our coffee we decided to buy Gaggia coffee machine it's expense but in the long run it is worth it and financially feasible.

[@wolfaagman]

This is my first time watching these videos and i must say i became a fan Started straight to the point no bs time wasting or sponsorship nearly a minute ad All respect to you sir

[@claudexy]

a big thank you for the advice...fortunately, i already do almost all these things, but i see coworkers and others that don't do these things and they ALL struggle financially. ps..people around me find me weird for having stopped buying lottery tickets, so it was nice to hear that it was one of your recommendations...:) thank you and take care...lol

[@Sandhills_Coyote]

I agree with everything except #13 I can’t stand digital reading and love a good physical book or magazine. Also I keep my most magazines for years (nature photos) and can pass them around to other people who enjoy them as well

[@jacknjill3000]

Enjoying your video and thanks for sharing your wisdom bc many of the topics you cover are the things i spend much of my time thinking about many times. Oh and we kind of look alike and I believe by your last name that you’re Korean, I’m kot Korean, and Chinese, but have been mistaken for being Korean often.

[@michaelkim2147]

i share my son's gym membership at Blink and he pay's student discount of 10 bucks per month. The catch is $50 yearly fee but still worth it.

[@adamdzwoniarek3841]

The ATMs in certain countries such as Thailand charge your a fixed ATM fee for every withdrawal. Can't avoid that. Besides, noting is free in this world. You may think something is free of charge but, in fact, it's already included in the price.

[@sanyok185]

I like that your advices is not only how to save money, but also how to save environment

[@bobbythurman4456]

Thank you for wisdom and God Bless

[@megaotstoy]

Things I NEVER waste my money on: 1) personal growth coaching 2) financial coaching 3) psychoanalytic counseling 4) credit bills payments 5) online influencer donating 6) online music 7) online movies 8) software

[@HorriblyAverageGamer]

Great advice. I have to work on a couple of these.

[@benforrest8590]

solid tips. thanks its what our parents should have taught us

[@33Jenesis]

I wasted gym membership for years before finally canceled it. Now I pay $28 a month to lap swim 5 days a week 50 minutes per session. I go even when I don’t feel like going. Always feels good afterwards. When I worked FT, I dizygotic out to lunch nor buy coffee. I cooked at home and packed brunch, dinner, and drinks to work. I haven’t had cable for decades.

[@bojackhorseman3787]

I got into vinyl when it was cheap. I have like 600lps, the average price paid per lp is probably like $6. They’ve shot in price drastically, but I still love the format. I basically have every album I could want and only buy ~1-2 each month now. I even got most of my hifi equipment and record cleaner for a good used price. If you love something, pursue it, but pursue it the smart way… you can always save money!

[@poohoff]

I don't waste money on newspapers and magazines, I enjoy every second of it

[@alyasoliman1986]

Just discovered you today, you’re awesome, thanks for all the tips!

[@mattwildchild]

Thanks a lot for the insightful tips

[@Nd4Spd06]

Sir, great video but I must confess I laughed out loud when you said not worth paying $5 in ATM fees for a shady out of network ATM. The word I thought I heard rhymes with pity 😅 The “other” word works just as well! Adds comedic relief to the straight up wisdom

[@TheLovliestTear]

Wasn’t anticipating the gym being #1. I’ve had a gym membership for a few years now and probably should’ve cancelled a while ago. I see people walking around my neighborhood all the time. It’s a great & fresh way to get cardio in. Thank you for the tips. ✨

[@johnhoffman6574]

Keep in mind, everyone has different needs attention to specific health goals and a gym may be the solution. Commitment is key 😊

[@milan51259]

All of these tips are for people who maybe are 15 years old. If you don't know how to make real money by age 35 latest, you will have a hard ride i-n life. It involves throwing out 99.9% of the bullsh*t standard teaching into dust. - go into debt - do it hard - don't listen to mediocre people advice, they will stay forever poor and have no clue

[@aislt8786]

There are some things that you just cannot get by walking around. For example going for yoga class. And if all your friends do it too it might seem kinda anti-social to not do it especially since it gets more difficult to maintain your friendships as you get older. Unfortunately, social activities do cost money, it is not practical to scrimp and save on every single thing.

[@darkdiablo1601]

stupid mindset

[@Mattrattmattratt]

4:54 a hack for me is the Panera sip club. Where I live and work there’s a Panera down the corner and for $11 a month I get unlimited coffee and teas. A difference of about $400-$500 on coffee spent!

[@fernandoortega4275]

I'm subscribing. You're straightforward

[@stevendnguyen]

Great tips! You are more likely to die from constipation or get hit by lightning then actually winning the lottery. At work, everyone pulls every week to buy lottery tickets and I never bought in, but acknowledge I'll be the only one to show up to work if they won.

[@kimochkaks]

I just ended a job selling lottery tickets, and the amounts spent on scratchers and draw tickets was astounding .

[@diddlysquat8595]

Actually worked with a group of people who won mega millions…😢

[@averyintelligence]

You are also more likely to die by choking on an olive pip than winning the lottery 😮

[@SasukeFan21]

Now I’m aware of this! Thank you! I’m obviously never taught by anyone how to make or save money the right way until you posted this video! 😊

[@ScottishJazzman]

Bank Acct fee - with mine I get a discount based on deposits, I get cell and laptop insurance, I get travel insurance, and I get motor breakdown cover.

[@Harry_16710]

More great advice, Tae...and we have the same Rogue rack!👍

[@PenniP]

Thank you for another GREAT video!

[@evalangley3985]

In Canada, PMI is called SCHL and require you to have 5% down payment as a minimum. It is a one time fee at the purchase of the house. In my experience, you are better getting it and start paying you back earlier than later. It is like compound interest. After 4 years, I sold back my property at a 10 000$ lost, however I already paid myself back by 45 000$.

[@dietbajablast5790]

Exactly he made a point that lacked all nuance.

[@giofyopersonalfinance2043]

Very informative, thanks for the video!

[@sarahfletcher01]

*Tae Kim deserves all attention. Making money is action and growing money is knowIedge, do this.*

[@sarahfletcher01]

Failure to take good actions on your finance, lncome will remain stable while expenditures rise. The rich acquire fortune cause they seek the heIp of finance-pro(s) to achieve their goaIs.

[@BandClarinet3]

On the topic of bottled water you could recommend a quality water filter. Reverse osmosis has some disadvantages and advantages. Berkeley filters are an option. Tap water isn’t as clean as you think it is. We also shouldn’t be drinking chlorine. It’s bad for the gut. Once it has done it’s task it needs to be filtered out.

[@jakecarver8774]

I agree with everything here except the PMI, I think it's more worth it to buy the house you want than to rent a house. Depending on the price of the house it's way more worth it to buy and eat the PMI than it is to rent a house at the same price as your mortgage would be. But then again, I live in Kansas, where the housing market isn't 1 million for a 3 bed 2 bath. So I think it definitely varies. Good video though, a lot of good advice in here!

[@brucestiles6477]

The tax deductions part can be problematical. The Tax Cuts and Jobs Act increased the size of the Standard Deduction, and now only about 10% of filers itemize deductions. If you can get tax *credits,* great, but you have to itemize deductions to claim a tax *deduction.*

[@Lazirus951]

There are a few that still fall outside itemizing such as HSA and Student Loan Interest.

[@matty_d_1347]

Took one video to subscribe. Thank you for the tips!

[@lillianbarker4292]

My uncle was very frugal. He and his partner had a weekly menu that never changed. Monday was spaghetti. Tuesday was baked fish with rice and a vegetable, etc. They ate Indian food out on Friday I think. This way they never wasted food because they knew how much to buy and they never needed special ingredients. They had healthy desserts. I tried it but never was able to do it probably because of my child’s school activities.

[@ATinyWarrior]

Wonderful points, though i would disagree with two. The extended warranty & the physical newspaper. I'm Indian so the warranty covers *everything* & i don't need to pay anything after that. Also, helps a lot because your laptop/phone could have a lot of important information on it. Saved my family & i quite a few times. The physical newspaper is a personal preference because at 24 last year i got glasses after going digital a bit too much. Newspapers also setve as great packing material, cleaning material & are overall multi-use. Although alternatively, you could go to a library & read there ( most libraries will let you read the newspaper for free).

[@muquietto3764]

On the note of clothes, have in mind that in suit’s cloths, more expensive also means more delicate. For an every day wear, consider mixed with polyester or super 120. Whats super important is it’s made to fit.

[@Ian_Andre]

Thank you for not beginning the video with a 3 minute preamble about your life experience and inspiration for starting a KZbin channel 👍

[@Paco_Gaepedores]

Thanks for the tips ❤