The 7 WORST Purchases To Make In Your 20s

[@marktilbury]

Get a FREE AI-built Shopify store in less than 2 minutes: www.buildyourstore.ai/mark-tilbury Use the promo code TILBURY to get a free share worth up to £100 or visit www.trading212.com/join/TILBURY (terms & conditions apply)

[@rohann2833]

“This isn’t financial advice” bro you’re one of the best at giving it

[@marktilbury]

Hi, thanks I just enjoy sharing my life experiences, so pleased you enjoyed it. MT 😎

[@joshuasprogramming7885]

kzbin.info/www/bejne/ooelZX6BobyGhcU

[@avve9001]

He has to say that so no one can sue him because of any stupid thing they made because of the information given in this video.

[@hypnofba]

Imagine calling a grown man „bro“ 🤦🏻‍♂️

[@edicsonramirez1538]

I see Graham Stephan . 40 years later lol. Your videos are so interesting can’t stop watching! Amazing content and such high value to our financial life! Thanks for your time!

[@JonathanSorunke]

You made some really great points here. Anytime before I make a optional purchase, I wait a couple of days before pulling the trigger to make sure I actually want it. Great video!

[@marktilbury]

Hi Jonathan, it’s such a great tip, so often you end up changing your mind. Thanks for watching MT 😎

[@joshuasprogramming7885]

kzbin.info/www/bejne/ooelZX6BobyGhcU

[@EcommerceGold]

I did a couple of these in my early twenties and while my bank balance didn't like it, they were valuable experiences that made me much better with my money. Great video as always!

[@StylizedStation]

Wish I had this list 5 years ago 😅 Great video

[@EdwinLindberg]

First

[@marktilbury]

Hi, thanks, I think there’s a few things there that could help out for sure. Thanks for watching MT 😎

[@joshuasprogramming7885]

kzbin.info/www/bejne/ooelZX6BobyGhcU

[@DigitalArtcast]

Nice to see you over here too brother haha

[@I_Did_FineTTV]

I’m getting this list 5 years early

[@gerhardbekker646]

"A mistake is only a mistake if you make it twice". I really like this. Else, with something good (like investing), you will stop after having lost some money for the first time. But, in principle, it is a good thing, and you should keep at it. You just need to learn from it. For example, earlier this year I went in relatively heavy on crypto (when everybody else was as well). It then fell out of the sky... I could have stopped and said it is ridiculous to invest in it. But I really think it has potential, although it is risky. This time, I am selling when others are greedy, and I am going to buy when others are fearful. Thanks, Mr Tilbury! Your advice gets my head tikking!

[@jason29853]

My brother and I have always said, "Buy nice or buy twice." Glad to hear we're not the only ones with that motto!

[@Mikey4808]

There's a saying in my native language "goedkoop is duurkoop", which basically translates to "buying cheap is buying expensive", and it's so true. These days I buy the best quality I can pay for, not the quality that has the best price

[@TheCompoundingInvestor]

Excellent advice and well explained. I like the idea of the 7 day cooling off period to reflect before buying.

[@marktilbury]

Hi, I still have to remind myself of that one most weeks! Thanks MT 😎

[@madman12377]

Designer clothes are a joke, people going out and spending 70% of their wage on £900 Moncler and Canada Goose jackets. Absolutely outrageous behaviour

[@joshuasprogramming7885]

kzbin.info/www/bejne/ooelZX6BobyGhcU

[@jiggy734]

Designer clothes are overpriced but I have a Canada goose. It’s £1000 and it has a lifetime warranty. I live in a freezing cold country so for me a Canada goose is an investment so I don’t get colds 🤣

[@andrew201yo3]

If it's 10% of my month income i see no problem :)

[@ShadeSlayer1911]

I'll never understnd that.

[@J.mz00]

a designer item will probably last you upwards of 10 years and probably pay it self

[@Harrybuttle_]

I'm 14 and yet I am still watching videos to prep my future self!

[@jacobriley3076]

Same

[@BB-km1yx]

Same

[@marktilbury]

Hi, great job, you can always learn more. Thanks for watching MT 😎

[@abethegamerful]

People in their 30s don't even stop to think about finances so being so young and already looking into your future will give you a huge advantage

[@christianthenoob2916]

im 11

[@A99Diaz]

I find it amazing that a millionaire - who can probably quantify his time in thousands per hour - takes time off his productive day to give some tips on youtube, which probably gives him a minuscule income (meaning he just does it as a hobby or as a samaritan act!). Thank you for sharing your knowledge

[@mitchruns9667]

He's like 80 what else is he gonna do

[@joshblades]

@@mitchruns9667 80!? He's 54 😂

[@A99Diaz]

@@mitchruns9667 80? He was born in late 60's. This guy is probably younger than your dad or about his age. He can still work for 10 more years and still be below average retiring age. He is at his career prime, where his time is most valuable than ever.

[@fifacatalyst864]

KZbin is not a “minuscule income”🤣🤣

[@danielstevenson5036]

He actually posted how much he made off this channel last month on his Tik Tok, something like $350,000 in ad revenue 😅

[@trayambakeshdwivedi3023]

I respect the fact that you're feeling embarrassed but still telling us your experience. It sure will help us not make the mistakes you've told.

[@joshuasprogramming7885]

kzbin.info/www/bejne/ooelZX6BobyGhcU

[@mazayashah213]

Thank you so much Mark. I'm always so skeptical about people giving financial advice on KZbin but you genuinely give such good advice and care about helping people. I have ADHD and depression and anxiety and I felt like getting to a better place financially was impossible but you've really inspired me. All the best for you and your family!

[@jellyjacky8586]

Sorry, but I'm just wondering if you're self diagnosed or professionally diagnosed

[@P0isonGhost]

Love how I get a get-rich-quick ad about amazon automatic businesses in the middle of his explanation about avoiding get-rich-quick scams 😂😂

[@marktilbury]

Hi, no way to choose the ads sorry 😢. Thanks for watching MT 😎

[@ashdinmilligan5373]

I’m bout to be 18 and I’ve been watching a lot of your videos and it made me start learning about wealth and finance I’d like to thank you for the heads up before I had to learn by myself

[@rickfell7222]

Financial advise: don’t waste your time and money on college, do not have children, you’re ready to buy first house when you have $125k in fiat, don’t buy a Land Rover until you’re a land lord.

[@onethirdmayo8556]

For the first advice, I always knew I might buy twice when I`m buying the cheap ones. Because I know if it`s the first time I have it, I`ll probably break it due to lack of familiarity. So it`s actually a good idea do go for the cheaper ones at first and see if I really need it. Then go for a good one, or never buy again.

[@U-Trance]

Didnt know you were interested in the jim browning situation, just shows how good youre integrated with any other creater. Great video mark!

[@joshuasprogramming7885]

kzbin.info/www/bejne/ooelZX6BobyGhcU

[@financewithespi]

Great Video Mark. It bothers me with a passion to see people following these financial mistake in their 20s. However I watch your all your videos so I can grow my wealth as soon as possible not make these mistakes.

[@marktilbury]

Hi Espi. Great job 👏 MT 😎

[@carlosreyesf19]

Thanks. I never trust salesmen because they just say whatever they need to make you buy. And even worse, some don't even know what they are selling. I usually get more unbiased data from the internet before buying anything.

[@britneyrosie716]

I am not in my 20s yet, but as a 19 teenage girl, I can confirm this is true as I experienced some of these!! I wish this video exist earlier! This is a really great video ☺️

[@GrowthMindsetChannel]

“Money does not buy you happiness, but lack of money certainly buys you misery.” ~ Daniel Kahneman 💪🏻🚀

[@stocksandsavings]

If get rich quick courses worked, those selling them wouldn’t actually spend their time selling get rich quick courses 😅

[@derLenno]

Well the get rich quick courses are a great way of getting rich quickly - if you are the one selling the course.

[@chrisc.2626]

I'm 19, about to turn 20. I'll admit, I have committed the financial sin of buying designer clothes but I'm doing pretty good in the other categories so far! I'll keep this info in the back of my mind moving forward.

[@ElusiveTy]

There's nothing wrong with buying a couple of nice designer pieces, he dove deeper into store credit cards and not being able to afford what one is actually buying. So long as you aren't looking to replace your whole wardrobe, you could probably apply the 'buy nice or buy twice' motto.

[@jasnoor8-d-155]

" we are not just telling stories , but making strangers millionaires " ----- Mark Tilbury

[@6Gianco9]

What I like about your advices is that they are simple and relatable. I mean, is something that could happen to everyone.

[@jaredswint]

watched this and the best things, i am 19 and today because of these videos i have started my stock portfolio! thank you!

[@pickettlickett]

Was struggling to find a voice that actually spoke volumes to me as I'm a self employed carpenter burning the candle at both ends in the daytime so that I can expand my drop shipping business at a faster rate. I'm 24 currently and I can't wait for the future to see the extent of what you have taught me. Thank you Mark.

[@clarsogenic]

I am 23 years old and I am learning so much on how to be better at finances thank you so much

[@gabepenney6394]

This is one that probably didn't apply to Mark, but the most important one in my opinion is quitting an addiction to substances. It's much easier to quit smoking/drugs the younger you are and you'll avoid many years of wasted money down the road!

[@marktilbury]

Hi Gabe, such a good point, I was lucky not to start smoking or drugs, they are such hard habits to kick and so expensive. Great comment MT 😎

[@codyhutchens1191]

I second the guy who wants a "what to do in your 30s" to catch up and fix the mistakes of our 20s 💯

[@markjones6932]

+① ⑨④⑦ ⑧⑧⑥ ③⑦ ①⓪+

[@markjones6932]

Make a note to miss Lisa to startup a trade

[@dankbruyo7800]

just turned 18 and you saved my future lmao i have been saving all my money for a new 2020 charger hellcat i can put half down right now from my savings but i would be in dept but instead i’m keeping all my money invested for my future

[@Paddyhudson]

I’m really surprised that you didn’t have the worst of them all on this list; a brand new car. Once you start making some real money in your 20s, the urge to reward yourself and join the “adults” with your own brand new car purchase, can be huge. In your 20s you likely won’t have the cash to buy a car outright, which means you’ll be financing for years and spending all your money on a super expensive object that you’ll like less and less as time goes on. Take the bus, ride a bike, drive that beat up old car that grandma sold you for $100, anything to avoid getting trapped by the purchase of a new car.

[@marktilbury]

Hi, that’s a very good call, there are so many money traps when you are young , my advice is to live like a student at home for as long as you can, no one expects you to have money. Great comment MT 😎

[@primalexplorer8810]

I am on the fence on a new car personally, I fully understand it is a bad financial idea, however I am treating it as me being an active guy and want a car I can occasionally sleep in and capable enough to carry my gear and get to trail heads off the beaten path. So I am still doing research and see what the best option for me personally is. Money is important, experiences are important too and I value them at the same level if I will be honest, stories to tell the grandkids and pictures to look back on fondly.

[@ivanvargas1163]

Not sure if that would be that bad (due to the situation) according to the country that You're living in. at least in the southamerican markets 2nd hand cars are really expensive right now, most of them maltreated, so You'll have to visit your mechanic quite soon. The real question is "do I really need a car?" (in my opinion.. if yes, because of work and you can get profit from it go ahead)

[@UserName-ts3sp]

i think as a 20 year old, i want a new car. though for me, i want an older lexus. i don't like the idea of a car payment

[@CameronLegend]

I bought a Toyota.

[@willydegeest8358]

Love your mentality. All your ideas are good.

[@freddieparrydrums]

Mark I’m 14 you speak so much truth. I was scammed by a back clinic. Get this: treatment lasted 3 minutes every time (I timed it) and cost £48 per 3 mins!

[@christosbinos8467]

Another great one is getting a fancy car. It's easy to get lucky in the stock market, or land a larger than normal sale in your business. The last thing you want to do however, is fork it all out in a massively depreciating asset, or even worse... Finance it. Have a friend that worked and worked only to spend 75K AUD on a car. Took him 4 years to work his way up to it.

[@anoyyk4834]

I wanna build a couple of warehouses and rent them to bigger companies. I dont know if it's a good idea tho.

[@marktilbury]

Hi, it’s a great idea, commercial units are very good money. Something I am looking into more and more. Good luck MT 😎

[@cataclyst223]

Hey Mark, I think a good series would be for you to help someone with investing and show from before and after, then that person could do the same for someone else etc...... I would be interested in learning from you so just a thought! Great vids!

[@wetflapper5524]

Couldn’t agree more with the gambling advice, I started gambling when I turned 18 and by 21 was £7,000 in debt. I have recently blocked all the gambling apps and am now working on paying it off ASAP before I start Uni!!

7. Avoid addictions at all costs. I have been smoking since 14. Damn thing just drain my pockets.

[@XxMyvxRocksx382xX]

this is extremely important advice in general 🙏🏻

[@arbazmadeit]

Can you please enable captions on your video's? It's really helpful for a foreigner like me. :)

[@JonhHarvest]

Nice, now I know what not to buy. If only I had money

[@Incomestreamsurfers]

Web Designers and Digital Marketers are AWFUL for taking as much money as possible from everyone and anyone - A digital marketer

[@welcometomyrandomness2073]

This man is my digital dad. I love this channel because my dad doesn’t really talk about serious stuff like money unless I ask and it’s not easy to ask about something I know nothing about. I also come from a pretty conservative culture where females don’t manage the money. I’m 18 going into college for chemical engineering hoping to both make money the traditional way from my salary and from different types of investments so that I can retire by the time I’m 45-50. Seems like a big goal but I think I can do it.

[@Devids1]

I would say this guy is good actor or he knows where he is aiming. I wasn't bored watching this like any other video. while I was drinking wine, I still tried to concentrate on what he is saying

[@eve_______]

TL DR: 1. Be mindful with your money. 2. Don’t gamble your money. 3. Do research before choosing product. 4. Don’t let emotions affect your decisions. 5. Think about the value you will get from certain product, not only its cost.

[@mortdawg]

Just set up my first index fund portfolio!! Thank you sir

[@imleonkasper]

Waiting for a week before buying something helped me so much not wasting my money

[@frederikmikkelsen7394]

one thing i know was a smart buy, was the book ''think and grow rich'' after Mark recommended it. I love it! and theres some great knowledge in there!

[@sun8ehyt347]

Hi mark, I’m only 14 but thanks for this advice and I’m going to start doing this now!

[@joshuasprogramming7885]

kzbin.info/www/bejne/ooelZX6BobyGhcU

[@novo7445]

I love your videos thank you 🙏😊!!!!! I am more informed every video!!!!

[@adsnipers7867]

18 Year old here, been watching Yours and Graham's videos for a little under a year now. preparing for the rest of my life!

[@tamasidinadze471]

Same !! 😂

[@techtipz4163]

Excellent Mark, always love to see these sorts of videos.

[@Matthew_marak]

" BUY CHEAP BUY TWICE " LOVE ❤IT

[@marktilbury]

Hi, it just always ends up that way. Thanks for your support MT 😎

[@naturalcauses1695]

another comment said "buy nice or buy twice" better ring to it

[@moneybee]

Great list! The other thing I'd add is dining out. It's great to go out to eat from time to time and appreciate the experience, but some people don't realize how much money they could save from cooking at home more. And those extra dollars you can invest in your 20's become big bucks if you want steak dinners in retirement!

[@marktilbury]

Hi, 100% correct I should have had eating out as this has got even more expensive just recently. Thanks MT 😎

[@5naf6]

I know someone who complains about being broke, but they eat out for every single meal, like, they think having a kitchen isn't worth it, they'd rather eat out

[@mansur_ali]

My father always says "i am not rich enough to buy cheap" because they tend to cause a lot problems

[@Nfscarbon07]

I'm 28 years old, and before even watching the video, I've probably purchased all of these and many more stupid purchases 😂 starting late but I'm trying to pick up the pieces, thanks for the videos!

[@pianobooks42]

Re: Don't Buy Cheap Goods If you don't have a lot of money, here's how I get affordable prices without getting cheap products. 1. What do you NEED? Example, I needed a laptop this month. Laptops are super expensive, but I need a good quality one for my work. So I used all of these techniques buying it. 2. Scope the MARKET. What do current specs on laptops look like? What is the best quality out there, and how expensive is it? What doe the best laptops on the market have? The more high-budget features you can get on your lower budget, the better. 3. What is your BUDGET? Set a range from ideal to stretch based on the average price for your item. The average price for the laptops I looked at were $1-2k. My ideal budget was under $1000, but I could stretch up to $1100. I've been saving for this for over a year. 4. Shop SALES. When is the next large sale? I lucked out since my state's tax free weekend and back to school sales were happening just about 10 days after my past laptop died for good. I organized a way to work without it until then, though it's ideal if you can shop BEFORE the old item completely wears out lol. 5. Price check EVERYWHERE (reputable). If the website is reputable, check their prices, upcoming specials/sales, and coupons. Many websites will have different prices from one another. Don't forget to factor in shipping costs if you are having the item delivered or gas if you are picking it up! 7. Is USED worth it? Some items, like clothing, can be bought from thrift shops or otherwise used sources. Some items, like laptops in my case, are more iffy. I could have gotten a refurbished laptop, but it would have been of date faster and had worse specs. I decided not to buy used. 8. Ask EXPERTS before purchasing. I went to a computer repair shop and asked if the model I had picked was a good one. Thank god I did, because she told me it was NOT! If you can't find someone irl to ask, try online groups like those on Reddit and Facebook. EXTRA TIP: If you are purchasing an item you've never tried before (I bought jeans this way due to sensory issues), buy the mega cheap one first. If you use it enough that it breaks, you know for a fact that you need the item. (The cheap jeans ripped in the crotch, and I felt sad. That's how I knew I needed to look into pricier pairs.) At that point, you can confidently go through the steps to purchase a better quality product. (I bought $60 specialty sized jeans for $20 about 2 months later and still love them 2 years on!). Great places to get these cheap test products are Five Below, Family Dollar, thrift stores, and of course Amazon. Hope this helps some people! I don't make a lot of money and am so tempted to buy from Wish and other cheap sites to save money. But once you find out how to shop smart, you can get deals almost as good and sometimes better than Wish!

[@jtowensbyiii6018]

Oooh should do a 30s version for those of us seeing it late haha

[@marktilbury]

Hi, lots of requests so may have to look at 30 +. Thanks for watching MT 😎

[@sanzharsmc]

I am 17, i am gonna start invest when i turn 18. So, there are good tips for my future self. And i am taking notes. Thank you My Friend(you are like my Grandfather for me) ❤💪🏾

[@wanderingsimp2210]

Lovely early to learn, thanks Mark!

[@marktilbury]

Hi, your welcome. MT 😎

[@watermage25]

I'm surprised he didn't mention buying a new car as one of the worst purchases.

[@santiagoperez2094]

Depends wjat you are biying and how, a new toyota paid without credit can be a good choice

[@boejiden7093]

Thanks for this video! Im in my early 20’s and this is perfect

[@jazzy-bytes185]

Designer clothes : In my twenties I'd buy £100 designer shirts to 'look good'.....now I buy £6 Primark T-Shirts because they have my favourite geeky characters on (One Piece/Pokemon etc) and it makes me 'feel good'

[@ItsJustJoshGaming]

There’s nothing wrong with treating yourself every once in a while, but my lord some people have no control

[@marktilbury]

Hi Josh, it’s just amazing, most people think 🤔 they need a treat every day. Thanks buddy MT 😎

[@prodhomerun]

thank you for providing me information early on at 16 years old. Subscribed!

[@UserName-ts3sp]

the only ones ive done are buying cheap and sports gambling. but i generally keep it moderate, well except one time i made a bet for packers tickets

[@georgedamah1246]

Love your videos, Mark! Super helpful and always full of great tips

[@marktilbury]

Hi George, thanks I appreciate that, MT 😎

[@ShadowC134]

Currently in my early 20s and this hits like a brick to the face. Glad I watched it so I can fix where I went wrong thank you!

[@markjones6932]

+① ⑨④⑦ ⑧⑧⑥ ③⑦ ①⓪+

[@markjones6932]

Make a note to miss Lisa to startup a trade

[@Dsaubt]

I'm turning 30 and I've passed the million dollar mark. I got a house instead of going to expensive college at 18 and rented it out from day 1. I lived home with my parents and went to community school so I still got an education. I lived frugally. No expensive cars or clothes. I worked while I was in college and then started my career in insurance. My tenant paid my mortgage down and I took all the money I made and applied additional principal every month without fail. I paid that house off two years ago now and now I'm living in my second one. I'm now saving for my third home and doing well in my career. Moral - live conservatively and if you are young and have made money in this current stock market bubble, remember. Nothing comes without hard work and things don't last forever. Rely on the guarantees not the what-ifs. Have money set aside for a rainy day.

[@angelgarza9366]

Thank you for this video 🙏🏼

[@captainantilles7837]

I'm glad I found you when I'm 21 and have plenty of life left

[@yazan13]

Wow, luckily I pretty much do all of what u said naturally and mostly thanks to my religion and raising. But still grate to hear these advices at age 22 🙏🏻❤️

[@foggy_pad7040]

Hey mark, just wanted to tell you you inspired me so much, i am a 17 year old Norwegian investor with almost 5000$ invested now, so thank you so much

[@marktilbury]

Hi Foggy, that’s such great news, if you can keep this up your going to be so rich. Great job buddy MT 😎

[@tristanhicks1419]

Weird. Every one of these are things my lower class mother instilled in me. I love my mom.

[@charliesmith2151]

Splendid content as always Mark! Thanks for guiding the future generation in this wild world we now live in :)

[@joshuasprogramming7885]

kzbin.info/www/bejne/ooelZX6BobyGhcU

[@shoxruhmamadaminov1880]

Ah man ! You are just amazing ) thanks for the video!

[@Lhdez777]

Very intriguing video, look forward to your content every time you upload! Thanks for the advice, still trying to figure out how to start myself

[@Camagugwop]

Thanks Mark , great video

[@daltbreeze3250]

"Only a disaster if you don't take a lesson from it."

[@freedom_thirtyfive1753]

Most my friends bought brand new mustangs and ended up having never ending financial problems.

[@marktilbury]

Hi David, this is the car money trap , it’s so hard to break free. Thanks for watching MT 😎

[@j.michaeljensen2150]

Of course some one decides to dislike this very informative content. Great content as always Mark and Chris!

[@TheChansovann]

Once you said about the house betting, I got a yt ad about house betting. Funny that

[@Falney]

I disagree with buying cheap depending on what it is. Tools for instance, I will buy cheap and replace only the parts that I use enough to break.

[@Natalie-Cornacchione]

Mark may I just say you're looking mighty fine with the white hair 😇

[@davedkukis]

Love it :) Thank You Mark for amazing content

[@lucasallen5108]

Mike can you make a video reacting to those financial guru ads??? I loved grahams video id love to see what you have to day about it

[@justinc2633]

you say these scam courses are a bad investment yet it gave you the best and easiest advice to getting rich and even you couldnt decipher it... sell scam courses, thats the advice

[@ToniPlays_]

I'm investing as much as I can. Though don't look at my moped project on my floor. Overall cost probably $1000 and I'm not even done with it. But I think it's a good investment in myself and a cheap way to move around afterward. And obviously, it's great to have something to do. After that's done I will save as much as I can and invest some more for that early retirement. Thanks for the great videos Mark!

[@marktilbury]

Hi, good luck with your project, I love doing things up so keep up the good work. Thanks buddy MT 😎

[@Xcsczlsbbnm]

Not buying is cheaper than buying 😅

[@keepthemomentum]

Fantastic advice. Another great video.

[@eddiefletch64]

Haha! When you were talking about the financial course scams I got an ad for one.

[@marktilbury]

Hi Eddie, it does happen but I can not control the ads. You know what to do. Thanks for watching MT 😎

[@timothymwakazi8481]

$10,000 on a website? That is extremely expensive even for today's standards.

[@badgamer66220]

Number 5, that was my mistake. I fell into the trap of thinking that there could be a method to regularly earn through betting.... Will never bet on anything again

[@timdissanayake1502]

Solid stuff as always ❤️

[@zerodos1]

Not sure how you made your money or if you even have it after googling you but thanks for the really obvious tips.

[@ynzeselders4184]

When I was a little kid I wanted an expensive electric water gun so I bought it right away with the little money that I had. I regretted it pretty soon since it made only a tiny water stream. Now I always think about and research a significant purchase for days to even months before I finally buy it and I don't regret anything I buy :)

[@picachugirl2036]

I dont want that kind of pressure on my 20s. Im already failing hard enough 😂 Ill still watch tho

[@brotherhood5328]

Im 19 and i began to trade with Crypto with 18. Im just learning more and more about it, also about passive income etc. Im trying everything to maybe have a relaxed life later. Thanks for the good video

[@Jacmar56]

Lol, i got a get rich course ad watching your video