Money Traps That Make You Poor

In your 20s, it's easy to fall into financial traps that can have long-lasting consequences. These are common pitfalls to watch out for and strategies to avoid them:
1. Credit Card Debt: Credit cards can seem like a convenient way to afford things you want, but high-interest rates can quickly turn small balances into significant debt. It’s essential to use credit cards wisely, paying off balances in full each month to avoid interest charges and to build a positive credit history.
2. Living Beyond Your Means: With the rise of social media, there's pressure to keep up with peers in terms of lifestyle-luxury apartments, designer clothes, and frequent travel. However, spending more than you earn is a quick way to financial instability. Focus on living within your means by budgeting carefully and prioritizing savings.
3. Ignoring Emergency Savings: Life is unpredictable, and not having an emergency fund can lead to financial stress when unexpected expenses arise, like medical bills or car repairs. Aim to build an emergency fund that covers at least three to six months of living expenses to provide a financial safety net.
4. Not Investing Early: Many young people delay investing because retirement seems far away. However, the power of compound interest means the earlier you start investing, the more your money can grow over time. Start with small, consistent contributions to retirement accounts like a 401(k) or IRA.
5. Student Loan Mismanagement: Student loans are a reality for many, but ignoring them won’t make them go away. Understand the terms of your loans and consider repayment strategies that work with your budget, such as income-driven repayment plans or refinancing if it lowers your interest rate.
6. Falling for Lifestyle Inflation: As your income increases, it’s tempting to upgrade your lifestyle correspondingly. However, falling for lifestyle inflation-spending more as you earn more-can prevent you from saving and investing. Instead, try to maintain a modest lifestyle and direct extra income towards your financial goals.
7. Underestimating the Importance of Credit Scores: Your credit score impacts everything from loan approvals to rental applications. Missing payments or accumulating too much debt can lower your score, making it harder to get favorable loan terms in the future. Regularly check your credit report and make on-time payments to keep your score healthy.
8. Overlooking Insurance: In your 20s, it’s easy to overlook the importance of insurance-whether it’s health, renters, or car insurance. Not having adequate coverage can lead to significant out-of-pocket costs in case of accidents or health issues. Make sure you have the necessary insurance to protect yourself financially.
9. Neglecting Financial Education: Many young adults enter their 20s without a solid understanding of personal finance. Take the time to educate yourself on budgeting, investing, and managing debt. There are numerous free resources available online, including blogs, podcasts, and courses.
10. Falling for "Get Rich Quick" Schemes: In the pursuit of wealth, you might be tempted by opportunities promising quick returns with little effort. These often lead to disappointment and financial loss. Be skeptical of any opportunity that seems too good to be true and stick to tried-and-true methods of building wealth over time.
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Bhai abh thik hu mein👍 Financially stable now😌😂

[@theadityasaini]

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😂😂😂❤❤😂

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[@SuPMovies698]

😂😂😂😂

[@Anwari_khatun]

Bahi also me my story😢😅

[@ravi22sah]

make video of every steps of investment ( like how to pick up stock , financial analysis (i.e balance sheet , financial statement , etc) , etc) like investment master class please make all inclusive video (i.e in 1 video)

[@jeevangamerfreefire]

As a college student , I use to write my expense list and don't waste money

[@Akashbani3522]

Bahut acha laga video. Nice video Bade bhai

[@thunderstorm5620]

Video ka First part ko alag hota to context thik lagta.

[@rashidulkabir9128]

Love From bangladesh 🇧🇩🇧🇩🇧🇩🇧🇩🇧🇩

[@multiatoms]

Thanks for this video

[@Dr.SumeshkamatGoa]

no instagram money betting apps happy life at its best no tensions EMI

[@Siddharth_3827]

Main samjh sakta hu it's like ritik and I am Siddharth suffering from same 😭

[@shivamkumarnirala5062]

👍

[@shambusk6947]

Watching this video at 3am

[@Motivationtnx]

SHARE MARKET YOUR RIGHT BRO

[@asifpathan7218]

Thanks Aditya. Waise toh mei kanjoos hu but apke video ke baad aur kanjoosi karne ka mann hota hai 😂

[@Motivation-px9ux]

Currently 19 year old taking loan 🫡

[@gekangaming]

Please make video on How to spend money??????

[@RitikSharma-ee4og]

bhai muje stock market main invest kar na aata h

[@19amanchauhan7]

👍

[@krishnainformation5610]

❤

[@ritikdubey6089]

Ritik Dubey to mein hoon

[@ritikmeher5862]

Bhai same 😂

[@L.M.A.888]

0:11 Hiranandani: mujhe kiun tora? 😂😂😂😂

[@Viciousvulture-x3s]

Kon kon bed pe late ke dekh raha hai 😂

[@Error-oy1fz]

Main to laterin me baitha hun 😢

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[@Viciousvulture-x3s]

​@@Error-oy1fz aditya bhai or tu ek hi kam kar rahe ho jagah aalag hai

[@daimkhan5755]

Mai tho hagte hue dake rahahoon

[@princeray6191]

Meeee 😂😂

[@AllGaming-uo3ri]

Me with 0 rupees 😂

[@KrishnaWadhwa1]

sherrr

[@vishalhalder]

Me with ₹42 😂

[@anmoldeep3690]

18:35 mai to na sehta , badal ego ko massage kr rha hai iphone lekar ? 😂😂😂😂😂 Editor deserved raise + plus bonus + life time working with aditya now for the idea he put in for specifically using this clip hahahha😂❤❤

[@yash_090x]

Thumbnail ✅ video ❌😭

[@sumittechnicaltipsandtrick3919]

Mere me to koi hai hi nahi 😅 -Mai ek gaon me raheta hu -mere limited friends hai -na koi gf hai -simple video editing karke paise earn karta hu -stock market me abhi investment nahi kar raha -apne skill par daily work kar raha hu -abhi fihalal gharwalo ka karj khatam karne pe kaam kar raha hu -meri age 18-19 hai

[@officialdreamplayz]

Ritik jaisa haal hogya hai ab to paise bhi kam milne lage hai par party ruk nhi rahi

[@romanrange-]

Toh betting kar maine toh world Cup mein 9 lakh kamaya sirf 20k se

[@officer-885]

😅🤣🤣

[@__Ritik_77]

Par bhai mera haal to thik h 😢

[@romanrange-]

@@__Ritik_77 kya bhai bore ho rha hoon goa chalega mere saath

[@Ricky-x2g]

Seriously 25000k😮😮😮😮. I remember i used to recieved 3500Rs as my monthly expenditure from my parents during my college days that also 2000Rs as mess fee n 1500 as my pocket money. You guys r really very previlege.

[@sladesreview1294]

Same bhai😢

[@XD-zu7wv]

us

[@NICE-dn1xq]

I am from well off family still i spend money carefully.

[@realCryptoAirdropHunter]

25000K nhi 25K bhai

[@avtarchandra2407]

Voow tmlog ko pocket money milti thi 😢

[@hussainshaik_12]

Emotional spending Of money lead to financial unstability😦

[@Bibek_Vlog_01]

Kon kon ye video Raat ki 11 baje dekh raha hai 😊

[@xanoster]

3 bje

[@MrShreejoy]

Undoubtedly this video's view : like's ratio will be lower which implicates ADITYA - THIS WAS BOHOT HARD BROTHER - LOVED IT !!!

[@passionate_jj]

Feeling sad for Ritik 😞

[@HrithikMehlawat]

😢😢

[@warrior.blood7]

Are you girl

[@Jdubdi_jdh]

​@@HrithikMehlawat😂

[@vaidiksingh2804]

😂😂

[@__Ritik_77]

😢

[@abhijeetwaghmare5707]

ये तो मेरी कहानी हैं आदित्य मैने भी यहीं गलतियां की।

[@pallabbiswas2726]

Nice video. But I'd like to add a few more things. Tobacco, liquor also takes away a lot of funds. These should be totally avoided. Secondly raising a child properly requires a lot of funds. We are already overpopulated. But a lot of us are reproducing due to parental/peer pressure. We should stop reproducing not start aborting. Thirdly a simple registered marriage should be ok. No need to call Brahmins to officiate marriages under parental/peer pressure nor need to exchange dowries.

[@ganeshsutar4214]

Nice 👍🏻

[@prathmeshnartawar6322]

Approximately 69 lakh (6.9 million) Indians earn more than ₹10 lakh per annum, which translates to over ₹83,000 per month. Suppose they are investing 20% of their income which comes around 16k. So in this video he is saying make 30k sip at the age of 25. We have 150cr population 69 lakhs people can afford more than 16k sip. Which is less than 1% of the population. Aise to mai kabhi investment nahi kar paunga, I believe the best time to invest is now. Whatever you can afford which can be around 10-20% of your income.

[@rajantyagi970]

Money trep se bach sakte tera paid sponsorship lekar

[@razesimp]

Bhai thumbnail pe bgis ka photo kyu dala?

[@GeekFestTV]

Same question ❓😅

[@spikespiegel3197]

Because these are destroying yourself and your goals

[@shivanshsenpai8742]

Bhai sach batau, Mai sochta tha ki mai financially mature rahunga aur apna kharcha samahlunga, Mai college mai hoo aur mai literally na to extra spending karta hu faltu ki chizo mai na hi mai ghoomne jata hu jyada aur na hi mai jyada kapde/Accessories kharidta hu magar tab bhi mera saara paisa , Gym, Supplements, Food mai 60% kharch ho jata hai aur baaki college sai ghar kai travel maj

[@abhinandande]

SIP is The Best Thing of Investing. Always Invest 10% of Your Monthly Income. 5% To Large Cap, 3% To Midcap and 2% To Small Cap. Trust Me Your Future Will Be Secured.

[@Fluffyghost2000]

Ooo bhai 😮

[@nhuto7]

If you are under 25 , DON'T SIP, use those money on Exploring and Learning..

[@abhinandande]

@@nhuto7 Every Individual Should Start SIP From Early Age. 90% Money is There To Spend Whatever Someone Likes.

[@RohitRaj-oi3bl]

inflation increased 6% annual

[@damndozer]

Bhai content or glasses...dono hi acche nhi h

[@Sk.003]

glasses not looking good bro

[@kritiksingh_33]

Bro make a vedio of perfect roadmap to investing in our 20s☺️

[@GautamBudha-wj9el]

Did u even watch video 😅

[@Itsgoutamofficial]

Nonsense ,just views k chakkar main ye content uthaya.Maine 14:33 tak video dekha or mujhe koi point Nazar nehi aya.you wasted my time. Fun fact: background music dekha?😂😂kuch bhi yrr!

[@shahrukhanwar4990]

Great. You are hitting the topics exactly at the psychology of today's youth. You very nicely understood the thought process of people who are trapped in these kind of situations. Great content. Keep up the good work.

[@Taranjotsingh-hk1mg]

😂😂😂 itni jaldi kyu agya..main 3rd

[@travelwithjatin2709]

Hum kis environment me rehte h Hum thik vaise hi ban ne niklate h

[@AbhinavKumar-dp2op]

Bhai ye video to eye opener tha

[@TecnicalGurudev-o1p]

Bhai apne Jo sip ke bare mein jo bataya woh acha tha but khud hi ap toh sip ko promote kar rahe ho apne ek hi video mein " They will destroy your life" mlm ke bare mein jo apne bataya hai please reply me to my question ❓

[@vedicverse8]

Great Content and really simple but impactful way to explain things keep going mister saini

[@rziixhere]

They don't even know how the money works.

[@priyadav_21]

Hrithik kangana k chakkar me pada tha pehle toh😢

[@Sumitk99351]

Bangladesh per video banao Hindio per jurm ho raha hai kaha mer gya secularism Manvadikar aayog , European Union, united nation

[@વીરા]

Me to college gaya hi Nahi 😂😂😂

[@Fluffyghost2000]

😊

[@SouravJana-zu7uj]

Bohot accha kiya bhai

[@itsgood3494]

Same here

[@_SaikatBanerjee_]

bhai mujhe toh baas 1000 milta hai 🥺khane ke paise and idhar udhar kharchne ke liye baki jane aane ka paisa milta hai 50rs 60rs every day 😿itna ganda hal hai ki tuition ka bolke paise lene prte hai pura mahine use karne ke liye

[@musharrafkhan001]

Lekin y India Series ( BGIS ) kyo h Thumbnail pe 🤡

[@Yazdan_shaikh]

aditya your content is very good but you have to work on your background trust me it's very distractive , make it simple that people only focus on you

[@narendramahar01]

Ritik m hi hu😂

[@karkentasi]

Tik 😂

[@__Ritik_77]

Same 😂

[@amittalks_]

Feeling sad for ritik😢. Ritik k papa dukhi honge ritik ke harkato s🫡

[@jatin5346]

College me batch topper hu, finance ke baare me phle se hi decent knowledge thi, Circle bi acha h, 4 dost h or chaaro same type ki financial conditions me h, or me in sb traps me fsne se bch gya. Thanks to my luck

[@itsgood3494]

Course konsa tha bhai & cllg?

[@ritikmeher5862]

I can relate to the story 😂 Mujhe kyu toda

[@anuragtumane5227]

Money traps are something which one needs to seriously check them.

[@daimkhan5755]

Kon kon hagte hue dekh raha hai 😂

[@melodybeats2460]

Me 😂

[@VenkiTotad]

​@@melodybeats2460😂🤦

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😂

[@Lalit_Raikwar]

Main🤣

[@ishuact7990]

Tumko kaise pata

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this creator is underrated ...support him public ...

[@jatinrajput6449]

Bhai please businesses ke upar case studies banana phir se start Karo new startups ke upar case studies banao please

[@FactiConRitik]

Ye mere Bare mt baat kyu ho rhi hai ???😅😅

[@prakharsancheti9343]

Promotional video

[@MakeofChill]

Kon kon Ritik ha

[@konhumai6969]

Ritik was not harmed in this video

[@__Ritik_77]

🥲

[@ash_sh_0008]

Be a Minimalist be happy❤

[@SuPMovies698]

Botox treatment in forehead seen i guess

[@UR-MSTrader25]

Brahmcharya Day 6 ✅ complete 💯

[@Vibhav_Kumar_2116]

Understanding with 69 others

[@akshatmathur997]

Concern your background you do need a change

[@elonmax6740]

Sab dogalaapan hai...

[@ronitsingha6944]

Me with 10Rs.

[@vivekanandas6666]

Bhaiya i am in11th standard thank you so much for valuable information i want to more videos on educated system and financial system

[@ishurajpatel2306]

but itna aacha se explain karke bhi aapne bahut hadd tak to samjha hi diye hain jisse ki kaaphi madad khud ki ho sake

[@sanketsinha2152]

Links for glasses please. Kharab review dena hai.

[@CMAstudent1.618]

Zen way cpoied 😂

[@sahilplay]

India series means bgms bgmi game tournament in thumbnail

[@Animesage0]

Thanks brother 😊 I get to know a lot about myself through this I just had a bit of all during the trend investment thing but I know I put it on hold considering starting it once I know more about how to invest

[@mrdivy01]

No Ankur Varikoo was harmed in this video😂

[@StrangeGamer_1]

This is called quality content 🔥♥️

[@GautamBudha-wj9el]

Giving ur son 25k and father is not well of😂😂 brother if my father give me 1000 for month I feel rich😂

[@bankar1504]

50 % return mila hai ☺️

[@noorahamad9444]

That ritik is me now 🙂

[@jasrajjeengar5995]

Sabse pahle KZbin dekhna band yahi disturb krta hai 😂😂😂😂😅😅

[@Far.Fr0m.0ver]

18:36 Lord badal 😂😂

[@m_tabrez]

Kaun kaun kaam karte karte sun raha hai (meri tarah)

[@JR_Music_Hub]

1st

[@its_koushik_yt2647]

Tu bata khaha invest kare bata

[@19amanchauhan7]

Mf , stock

[@thewiseaspect]

Tumhen Baat To pahle culture per aati hai na ki Ham Logon Ko is Prakar ki samajh development hi Nahin Hoti Hai Shiksha ke dwara Jo Samjha sake ki Gyan pahle Aata Hai Kyunki Jitna Bhi Kama Lijiye aap sharirik Bhog Karne Wale Hain aur dusron se bhi lootane Wale Hain Kahin dusra kaha ki loot Rahe Ham Sab Har Jagah population mein to Fir is chij Ko To Agar knowledge ke aspect se Dekhe to yah Chori Hui to Jyada paise Rakhna jarurat Se Jyada paise Rakhna is a kind of illiterate them

[@mggnvcb]

भाई वीडियो बहुत बढ़िया हर चीज ठीक है background Sahi nahin lag

[@feelingworld7426]

Bro you are saying that initial corpus is high when you start investment in late stage then where is the power of compunding. I can guarantee you that the people who will start investing in early age will have large amount of corpus.

[@nagasabsreeshgontla4628]

Hi sir please do video about bangladesh riots. Especially hindus are suffering alot.

[@HeySee]

Bhai sach btau to yo video dekhna s phla mne soch li thi k mutual fund m invest krugo pr ab mne soch li k hr mhina thoda thoda paisa bacha ke apna bank m rkhugo or zb ve zyada amount bn javega tb fd krugo no risk🤗

[@rathodhasamukh]

42nd comment

[@hey_agrawal]

This time I totally disagree with your content 👎👎....aap youth ko rok rahe ho market me paise daalne ke liye vo bhi yeh bolke ki 30% annual return is less... balki aapko btana chaiye ki return starting me 30% return bhi acha hota hai na ki 21 din me paisa double krne vali schemes

[@foodyfamily9446]

Social media aap kay bare nhi kuch nhi bola

[@sundramgupta2092]

Bhai Invest nhi satta kiya F&O thick hai jisne invest kiya hota kisi me bhi aaaj koi bhi mutual fund utha kr dekh lo 200 300% return hai only nifty 50 me hi 3X return hai to bolna band kro ki invest kiya F&O kiy satta khela logon. ne. na ki Invest

[@aone58]

Not good information Pls give informative knowledge otherwise you can ruine soon

[@NDGAMING1432]

Merko to ek rupee pocket money ₹20 kharch karne keliye 100 bar sochna padta hai. I haved the right financial knowledge for ev segment and invested Sorry to say but aap kya different kar rahe ho aap bhi to finfluencer ban gaye aakhir #sebi need to take care of finfluencer

[@arjun98]

IPO main investment karo market research karke... Low risk ❤