Don't make these financial mistakes in your 20s

[@koheifoss]

Chapters: 0:36 Don't buy expensive cars 3:58 Don't buy overpriced designer gear 7:14 Not setting any financial goals 12:56 Gambling 14:49 Travelling 17:49 Living below your means (not a mistake, but advice!)

[@ronzy]

You’re the goat for this

[@bigsteppa1154]

I can agree with almost everything you say however, Travelling in your 20's, if you can afford it, is one of the best things you can do for character development. Also if you have a good friend group, travelling with them in your 20's is much more fun and rejuvenating than I would think travelling in your 30's with your significant other may be. By the time you're in your 30's , even if you don't have a significant other or family to care for, there is a very high chance that most of your friend group will, and will be occupied with their responsibilities so find the time to enjoy life with them while you have their company! The travelling I have done thus far in my life has only given me better perspectives on things as well as motivated me to work so much harder so I can own real estate all over the world, conducting business remotely from wherever I choose. Overall, great points Oliur!

[@_galterius]

100% agree with that, nothing better than travelling with a bunch of friends, and after trying it, you want to do so much more

[@obscvre]

It depends on the type of person though. For me personally I'll never travel with friends even if I have the money in my 20s, I'd rather do it alone, so that doesn't bother me one bit if I'm travelling in my 20s or in my 30s, then in this case I totally don't mind start earning money first to cover all my travel expenditures.

[@amyb2444]

I strongly believe travel is one thing you can spend money on that makes you richer. 17:29 You're not setting yourself back a year, you're gaining perspectives that you wouldn't have otherwise, maybe experiences that you come back with that'll spark an idea or give you drive and passion for something new. You're meeting other people, other cultures, and seeing how your world view isn't the only one thats valid, how theres multiple ways to go about solving problems. You'll experience things that you've never experienced and be thrown out of your comfort zone. Youre being forced to learn so many skills. I got 10 vacation days last year, that i didn't even use. Where I live most people get 2-3 weeks (max) of vacation. That isn't enough to reap the benefits that travel gives you when you take a “gap year.” There are so many ways to make travelling more economical, and while yes i agree you definitely shouldn't put yourself in a place where it is a financial setback but i think its a great way to invest in to yourself and live a little instead of automatically throwing yourself in to the rat race of life just to try and gasp for some air once a year when your boss tells you you can. Tomorrow isn't guaranteed, so as much as we should prepare and set ourselves up for the future (very important) you should also do what you want to now and find that balance.

[@younesom]

Honestly the best channel i came across about finance and actual thinking.

[@mouadse]

You are a walking billboard accurate to the point 🙌🏻 That's what I was preaching to people for years.

[@jaetok]

Traveling is ALWAYS worth it. If anything it allows you to think.

[@TheTekSone]

Loved this talk...another big mistake, jumping into credits cards at a young age not knowing how to use credit responsibly and respectively

[@ElieBeth___]

Definitely highlight not having a goal about what to do with your money. And a controversial one but I go a step further and say living at home with parents and NOT using that time to save for a financial goal in your 20s is a mistake imo. That’s a wasted and privileged opportunity that you’ll never have in your life again. Independence teaches you so much more and you get more out of life. Great video Oliur!

[@OliurOnline]

This!

[@Escapos]

Agreed. Putting off traveling until later is way more stupid IMO. There's so many stories of people that got wrapped up in their professional lives and wanted to keep the ball rolling so they never ended up traveling. And it makes sense. Would you rather go for the $25k raise and start working towards a house or throw all that away to go travel lol. The year I took to travel at 19 was 110% worth it. It made me who I am and got all the partying out of my system. Made it so I could focus entirely on my career when I got back.

[@mistersir3020]

@@Escapos If you have a job with enough vacation you can still travel? I figure it all depends on whether you're one of those people who get like 1 week off a year for Christmas.

[@stevendv8487]

I 100% don't understand why my comment got deleted. Algo's ways are truly unknowable. But basically I said: you don't necessarily need a goal; just save. So that when eventually you come to learn what dreams you have, you've got the money handy to realize them. Need to change career? Want to take more time off? Have an investment opportunity? get sick? Well there's no problem I've got enough to get by for a couple years.

[@Great_PatBingsoo]

This shit is hella real, and I am glad you’re giving real advice in this saturated space.

[@teocrawford]

Nice one, though I must disagree on the controversial one, as you saw coming haha. I think a perspective you might have missed in this regard is whether or not the individual has already found out what they want to do, how they want to live and basically what their ideal life would look like. I think you're kind of the same as me, we found our goals quite early on and focused on that. However my partner is a great reminder for me that many people are just a bit clueless at this age and I believe travelling makes a lot of sense to find yourself, the person you want to become and also what to do with your life. There's no point on focusing on something that you will regret focusing on 5 years later. Ohh and I should mention that I mean the more explorative kind of travelling.

[@officialtbhoops]

Cars is a big one. So many of my friends have bought expensive cars after working just 1 year full-time right out of college. If you are unsure you can afford it, you can’t afford it.

[@stephenworsley]

Travelling might be a mistake financially but it's not a life mistake. Pretty much everyone with a new Mercedes will tell you 2 weeks after buying it that it was probably a mistake. I've yet to meet a single person who regretted spending a significant amount of money travelling while they were young though.

[@grandmasterlucien]

I'm exactly the same, I wish I had someone tell me how to open a S&S ISA at 18

[@randomyoutubeuser6837]

Expensive electronics are quite popular (new iPhone every year, PS5, MacBook), especially with so many financing options available.

[@user-of4yy9is6e]

Hey Oliur, I wanna thank you for opening my eyes. Yesterday I watched a video where you shared how you made an icon pack while in hospital in the middle of chemotherapy. The fact that you did that in that state really made me change my mindset. I can’t thank you enough for sharing it 🙏 It’s exactly what I needed right now.

[@zakross]

Growing up as a creative person I never truly cared about money. And always had this perspective of like life is more about passions and creative endeavors. And I made that mistake during my freelancing career not knowing how to properly manage my cashflow properly and learn things the hard way. Now I'm in my 30s trying to make up for lost time. Looking back my parents were terrible with Money and its a learning process for me still at this point.

[@PaulAlvarez1]

Super helpful content, really love this channel. Also, I don't know why but your videos are always so crisp on my 5K display. Even other channels with 4K quality, they look nowhere close as yours. Top tier content all around, thanks.

[@jamescorr9617]

The quality of this video is through the roof, mate - so clean!! 🔥

[@ChrisPieta]

A great financial decision is buying that sweater, where’s it from?!

[@OliurOnline]

www.thread.com/gb/item/mvp-waffle-stitch-crew-neck-jumper-mid-grey-melange/17864294

[@ChrisPieta]

@@OliurOnline thank you!!

[@mdn94an]

Usually videos like this are full of bad advises but you truly bring interesting points thanks a lot man

[@craignyatondo5521]

The quality of your videos never disappoints man🌟

[@nascentnaga]

you should have recorded 'don't buy expensive cars' inside your ferrari though! jokes aside its so true cars are a huge waste. On branded stuff, I try to find brands that mean something to me. Expensive clothes to me are an investment like B Corps or ethically made goods that last a while

[@burd7455]

I was just about to comment about being a walking billboard for these designer companies until you mentioned it. lol

[@jkitn8900]

Love your content Oliur! Being 18, it seems every video your dropping gems for young people to live for abundantly and freely :)

[@GeekStreet]

Some great advice and you know this is something that should be given in schools as a basic.

[@GeekStreet]

@Pinned ẞy Oliur Online sure let me waste my time and contact you scammer...

[@JCBMG]

fast food is a problem for me, too lazy to cook but spend hundreds on shit food

[@kyunni]

Travelling actually helps with seeing new things and maybe even meeting new people, but maybe the angle you're coming from is when people travel as a 'flex' but not to see new things.

[@_galterius]

Really interesting video ! I agree with all of the tips, as a 21yo student. I have to disagree with the travelling part though, I think doing it at this time in your life is actually amazing, it can help you build your identity, discover the world. And, for me, not having any responsibilities helps a lot too, you know you can do whatever you want ! Currently in Erasmus and it’s easily the best thing I have ever done it really changed me ! I get your point though, we all have different ideas :)

[@brokelatino2587]

yo traveling to rtm next month is it nice there

[@_galterius]

@@brokelatino2587 sorry but what’s rtm ?

[@brokelatino2587]

@@_galterius oops i thought you were at a uni in rotterdam

[@_galterius]

@@brokelatino2587 haha no worries, never been there 😄

[@yathprem]

Really great advice Oliur, as someone who is 25, I resonate with these lessons and I'm glad I already practice most of these!

[@David__F_]

Currently 25. Great Video actually

[@jordanchrono]

Great video! Cars is definitely a vice of mine. I decided to start building my car vs buying a new car and having another monthly bill (my car has been paid off for about a year now).

[@alimora442]

I'm almost 40 and agree with you. Most of these still apply. Focus on Self. Study then Career. Only then should dating for a purpose happen.

[@itsjustwillan]

I finally realized that betting is designed to keep you in it. Mostly preys on the desperate, most rich people will not fall into it because they are willing to wait out for profits.

[@NathanDailo]

Overpriced basic t shirts is another one.

[@NM-hq1io]

Perfect timing - after being in such a crap situation for so long, I’m now earning really, really good cash. The more I make, the less I’ll spend - thanks Oliur

[@jarrodlivingston]

Oli i’m not sure if you’ll see this comment but I want to let you know that I love your colour grading for your youtube videos. Please would you make a youtube video on how you edit and colour grade your youtube videos 🙏

[@OliurOnline]

www.oliur.com/video-photo-setup

[@jarrodlivingston]

@@OliurOnline ahh don’t I feel stupid. Thanks man!

[@raveu]

thanks for the video mentor!

[@coreyramon]

Can you tell wich camera and lens did you used on this specific video? I've seen the list, but that have some camera and lens...

[@a094-ikrammohamad2]

Hey oliur, im from malaysia who’s always waiting for your video, it’s cool how you earn money online But can you talk about imposter syndrome, because I always getting stucked and always jump from an idea to another idea🥵

[@gergo_44]

Hey Oli! What do you think of the new youtube UI?

[@shigawashota2933]

thank you.

[@armandogarcia2267]

oliur wich macbook do you chose for a student (law) perspective (and capable of building websites)

[@clvn9ja]

Over the years I've disliked wearing clothes with big branding. Subtle to no branding is the best.

[@masebando]

You hit the nail on the head in regards to gambling. Unfortunately, I've been victim of this behavior.

[@othienoburton5432]

The car thing is true guys my age making 30k financing cars just to have nothing left

[@ljac_1314]

Travel young because of the knees!! Hahahah

[@GTOUranus]

you can't long term travel once you develop a normal 9-5 career IMO, so disagree with that point. Good book called die with zero by bill perkins you might like

[@winb_]

When he said that I was actually surprised but then it made me realise how normalised it's become to blow all your savings on a 'life experience' to then come back and be depressed, as much as companies love to say that they care about things other than your skill, traveling for a few months to a year to then come back and have no job or marketable experience is not a great idea, so many of my friends have done that and now regret it, they ended up doing fine but it was very very hard for them and would have been in a much better position if they hadn't done that. If you want to travel somewhere else and get a job there then that's different of course but I'm talking about people who go on long term holidays(few months to a year). And you have plenty of time to travel here and there with a 9-5 I don't see the point of long term travelling before you even have a career. Also just to say people are gonna do whatever they want and no one should stop them so if that's what you want to do then it's completely fine.

[@silentrunning3100]

enrichment..

[@RJ-ir9pj]

Oliur can i ask about your thoughts on Student loan UK debt. Im a designer and earn 126k per year - what are your thoughts on paying it all off? Or just paying monthly installments and having that extra cash to spend on business ideas etc. Myabe you have some experience

[@OliurOnline]

I have no experience unfortunately as I never went to university and have never taken out a loan other than my mortgage.

[@RJ-ir9pj]

@@OliurOnline Appreciate your reply nevertheless Rj Novatur Design

[@RJ-ir9pj]

@@ak10-x2y clients, try to secure a retainer

[@joenicolette]

Hi, Ethan

[@marshlong]

I love these videos, you speak as a wise man Oliur 🎉

[@VoloInTech]

👍👍👍👍

[@z-o-r-o1007]

Excellent

[@josephraynerptdpt6391]

Doesn’t want to name tacky designer brands… then describes Supreme gear to the T 😂. But yeah, huge waste of money for clout, unless you resell at a higher price.

[@IIDannyBoyII]

The best thing with all this saved money is to invest long term

[@yasminmora1390]

I like the way you think lmao

[@xcrae]

Investing into stocks right before a recession 😢

[@simongaywanjala598]

A very random question, but are you an INTJ? Hope I’m not over analyzing it

[@OliurOnline]

What's INTJ?

[@nozula895]

One of 16 personality type from MBTI test 😊

[@_Mayibongwe]

@@OliurOnline An introvert I believe.

[@relaxingtherapy5078]

HLO MANH

[@kkenny]

first?

[@benjaminsclub4478]

YOOOOOOO first ! :)

[@benjaminsclub4478]

@Pinned ẞy Oliur Online fake guys

[@benjaminsclub4478]

@Pinned ẞy Oliur Online fake

[@benjaminsclub4478]

@Pinned ẞy Oliur Online fake