24 Dumbest Things Smart People Waste Money On

[@TaeKimFinancialTortoise]

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[@michaelmatthews4727]

Thumbs up for the haircut comment

[@OnlyViralNEWS-fg1ku]

I’ve read a lot of books, but The Comic Guide to Financial Bombs on morlest is on a whole different level. It’s the kind of knowledge that stays with you forever.

[@ready4sea301]

I disagree about refrigerator magnets as souvenirs. They are the perfect small memento of a country or attraction. And our refrigerator is completely festooned with magnets from all around the world. Love them!

[@gan_the_white]

I worked for PepsiCo in Texas. The bottled water we bottled came from the city of Mesquite after being filtered, just the same as your house.

[@Johanneslol11]

I am from the Netherlands. Lots of Dutch buy bottled water from France, and when I was in Paris 😂they buy lots of bottle water from the Netherlands.

[@tpmash]

@@Johanneslol11😂😂😂😂

[@Literallylinda]

Exactly what I keep telling my family. It's all tap water.

[@FINAL-B0SS]

It’s all tap water except the brand I buy. My brand is tears from angels and it heals my body. Well that’s what the marketing says. 😂😂😂

[@Geemeel1]

are you serious??? no way !! 😳

[@pattiellen5339]

The premium car wash give the undercarriage a wash. Living in snow country, that keeps my car from rusting. A rusted out car would decrease the value of my vehicle, and could lead to higher repair expenses. Plus, having a clean undercarriage keeps the salt and chemicals off my garage floor. It’s worth the extra $5 per month on an unlimited car wash subscription.

[@andreasb8232]

Ooooor get your car professionally sprayed with lanolin oil every two years. Stops the rust process and you don't need to wash the undercarriage.

[@pattiellen5339]

@@andreasb8232 well I am going to wash my car several times a month anyhow, so I will stick with the $5 per month upgrade.

[@mtwata]

Business class is totally worth it when you need a 12h flight + a 14h flight to go home from your current residence.

[@Naut1188]

100% Credit card points for the win.

[@Azel247]

The only thing I disagree on is the business class long haul flights. It's not just the flight experience, but your entire day or two afterwards. I've flow the 12 hr overnight Vancouver to Taipei flight multiple times in the past. The flight leaves at 2am and arrives in Taipei at 6am (local times). I used to always fly economy and I would arrive feeling completely drained. I would waste the entire first 2 days jetlagged and feeling like my world is spinning. This time, I tried a business flight and what a difference it made. I was well-rested on the plane and was able to start exploring the city as soon as I got off the plane. For short flights, don't bother. However, if you have an important trip coming up, shell out the money for better seats, at least on the way there.

[@Jsmith1515]

I gotta say, particularly as someone who doesn’t actually buy Fiji regularly but has had it on occasion - it’s the only water I’ve ever had that I felt I could genuinely taste the difference. And somehow it’s just incredibly soft. Worth a one time purchase just to try 😄

[@Mr.Edwards233]

I would also add, too much money spent on unnecessary pet toys, CLOTHES, beds, "exclusive organic foods" that makes the dog poop sparkle, etc. I understand that people want their fur babies taken cared for, but many over do it. I took my sister's dog to the dog park and I saw a dog in a cardigan sweater.

[@markrcca5329]

mineral water like San Pellegrino tastes entirely different than tap water! I prefer Gerolsteiner, it has a nice balance of salts and minerals. Yes it costs like $2.30 and I drink 3-4 bottles a week. I could save this money and invest it.. But honestly I would not feel the difference. I am retiring in 1.5 years, and if I switched to tap water, I would still be retiring in 1.5 years.. 😅 The biggest expense I could save on at this point is going out to eat. It costs me and my wife an extra $1000 a month. Yes I could save and invest the extra 12k each year, but it wouldn't change our retirement plans either.

[@U23721]

Business class flights aren't for the class benefits, its to price out adults traveling with children. You're paying a premium to greatly increase your odds that nearby travelers can't or won't pay it for small children.

[@MichaelBrown-pg5dy]

We travel with our kids in business class all the time. Last week flew 6 hours with a really well behaved baby sitting right in front of me. Sorry, but this thinking is old fashioned

[@JaysonisGod]

I never thought one book could make such a difference, but The Secret Doctrine of Wealth changed everything for me. It’s not something you forget easily.

[@legacy2b]

Tae talks about 24 things to waste money on and then proceeds to wear a polo shirt by Polo. LOL

[@mbank3832]

I personally don't get luxury hotel. You travel is to see the world, so hotel to me personally is just for me to stay the night and majority of my time will be spent outdoor. As long as they are clean, it does not matter

[@duckwithsunglasses9802]

has an n64 controller with games preloaded onto the TV

[@mbank3832]

@ yo I remember hotels used to have games. Remember my hotel had ps1 controller attached to the tv. Now that’s luxury haha

[@corner559]

When I travel I want to be comfortable.

[@taco7546]

It does help when the Luxury Hotel is in the heart of the city. People who stay outside the city do not want to travel back into the city for a quick treat or whatever. Makes a big difference

[@mbank3832]

@@taco7546 that’s a location problem, not a hotel problem

[@levigoodwin3522]

9:00 A disproportionate amount of usefulness gets added on to the higher cost washes. I live in the Midwest of the US, and "bottom blast" or whatever the car wash calls it when they spray a bunch of water at the undercarriage from below to get all the road salt off, is always only available in the higher cost washes. It's also the one thing I really need, because I'm not taking a power washer to the underside of my car when it's 20° F out.

[@ftr911drvr]

You had me until the hotels lol if I'm going on vacation and I don't go often, the hotel needs to be really nice doesn't have to be the Waldorf but the hotel is part of the experience

[@lizzyschmidt8429]

ditto 👌

[@MrSquattingbear]

One thing I disagree about is a really good stroller. This thing can make or break you as a parent after several years and use across multiple kids. Spend the extra 500 bucks.

[@johnl9595]

I disagree with checked bag fees. My wife is an insane overpacker. Unless I want to pay half of my net worth in a divorce settlement, I’m better off paying the fee. As for the credit card linked to an airline, it is useless half the time. Problem? It has to be one airline. And when I book, I book the cheapest flight regardless of airline and most of the time, it is NOT the carrier for that card. What is the point of “saving” on the bag fee if you are paying +$70 more for the flight each person?

[@Duar1503]

I agree with the first part 😂

[@coobaloob]

Try luxury hotels in Japan (especially ones with an onsen); you might reconsider your initial assessment. I'd also say that intent matters. If the purpose of your stay is to explore or do things outside of the hotel, by all means, book frugally. However, if the purpose is to detach, connect with a partner or family, or slow down, luxury stays are quite the treat.

[@dmitrypodrezoff]

0/24 (we’re not going out so no tipping), yet still feel poor. No debt except primary house mortgage, some emergency fund (less than 3 months of expenses), better than many, yet still feel poor. Likely too much of a house and too many kid toys and classes.

[@GEN512X]

Only folks who have not stayed at a Ritz Carlton would think it was a waste. It may not be the best investment, but it is definitely a hotel experience that is not easily forgotten.

[@Milestonemonger]

Agreed. We're retirees who never owned a home. Our children are grown and financially independent. We travel the globe staying at the Ritz-Carlton residence for months at a time. Your rent includes top-notch security, water, electricity, internet, gym and pool access, valets, and much more. It's pure heaven.

[@zBMatt]

Disagree with luxury car wash in states that get snow and therefore have salted roads. Those upper tiers have underbody and wax applications. The wax can help protect from things like salt but also insects and bird droppings. The underbody wash is self explanatory. The damage from everyday items on a car in decent shape will cost you more than the extra protection you get from the upgraded wash.

[@johnl9595]

For car washes, one time, after my car was shipped cross country and filthy, I ran my car through the car wash 3x at the basic clean which was much cleaner than 1x at Deluxe.

[@duckwithsunglasses9802]

erm..

[@Milestonemonger]

Don't hate me, but I live at the Ritz-Carlton and drink S.Pellegrino.

[@WealthyChronicle]

So... luxury bottled water is just marketing? I feel betrayed. Next, they'll tell me my $1,000 blender isn't essential. 🙄

[@motorolas]

I just sold an old Doona stroller on CL, the person buying the stroller turned out to be a VP of a baby food company. Was interesting to think about how they were still smart on saving money on used gear that still works great.

[@jorgefierro8241]

Try not getting into watches. Something to add.

[@taco7546]

Hey! Don't mess with my drug, lol

[@Tomassification]

Wearing $100 Polo 👕 t shirt… isn’t it a waste of money 💰?

[@tulinercen7394]

Depends on how many times you are wearing it , also better than having loads of cheap clothes , that don’t wash well .

[@Hashama]

I am not taking tips from a guy who mounted their TV on the ceiling. JK you are awesome!

[@raznatalia141]

Great list

[@dialmstyle]

I wasted time and money on network groups. Total scam.

[@Onlybadtakes2589]

I only book business class via points if the flight is longer than 9 hours. There is another trick on getting them discounted as well that I like to do. Sometimes they end up being just as much as an Econ ticket

[@TravisMcMurray]

I use the American Airlines card when I fly to avoid the checked bag fee. Also, I really only fly like once a year and it’s for vacation. Two 6 hour flights from the East Coast to Hawaii is exhausting, so I treat myself to first class seats and enjoy the extra comfort.

[@vinnymag4928]

Can you share a video on holiday hacks, please?

[@christianpedersen3237]

Phew, not a word about yachts. 😅

[@Mitology]

Bottled by unicorns 😂😂😂 you got me there

[@Milestonemonger]

I am guilty of overtipping.

[@susanp.collins7834]

Sponsor's message in the middle of the video - NO!!!!

[@Claudius43CE]

25 dollar wal mart clippers have taken care of my hair for several years. There’s not much there so the job is easy.

[@peterl2767]

Great info 👍 👌 👏

[@allardvanderstarre]

water is a big one.... the rest is useful too...good video...keep them coming

[@Geemeel1]

GREAT vid, I was shocked to realize the amount of Apple Care products I have and that I have NEVER used one of them over the last 10-15 (!) years.... Wow. Thanks for this great insight 💪🏽

[@yakuzaboss1988]

Alot of people waste money

[@sopadesopita]

about the tap water… do you know about chicago’s lead pipes? 😭

[@rebeltheharem7028]

The only time I go to a luxury hotel is to use the platinum card's FHR credit. Other than that, I just get a normal hotel or Abnb because the hotel is just a place for me to sleep it. Why do I have the platinum? Its my generic airplane ticket card, because unlike chase or venture x, its not just tied to their portal, and it's 5x on all airlines.

[@kandi215]

Quick question, how do you think bank/credit card fees will change IF the US implements interest rate caps as to how much banks/credit cards can charge?

[@jimmypeach8838]

Is the price of an Index Fund relevant? Some are twice the price of others and if they both go up $1 then the lower price one goes up twice as much percentage wise is why asking. Thanks!

[@shakal.]

There is no reason why they would both go up $1 if they are different price, most probably they are going to go up/down the same percentage. So no, the price of an index fund is not relevant. Well, unless it is really big and you need to sell a small amount

[@zacharyo1888]

I think buying premium phones vs. basic is waste of money.

[@attackfive8659]

I like how he glossed over overpriced haircuts. My guess is this is the one he’s probably the most guilty of. Still, all of his advice is very sound.

[@angieharris8015]

"save your hard-earned money"...if it's not to spend it on nice things, then for what? Now, I understand balance and financially-responsibility etc. ME? I will be spending money for a little nicer mode of travelling 😁

[@StockFootageCollective]

Yes bottled water is big waste of money.

[@estebanfuentes8354]

The only one I'm a guilty of on this list a expensive water! Going to buy more 5 Gallon water jugs.

[@logicae4096]

Don't know about everything else but Pellegrino's actually taste different to everything else as in - it tastes better. In short everybody has a few vices, live life... be rationale.

[@ajaychawla7735]

hahaha your haircuts are just fine friend. You should look at mine. People run away haha

[@tre853]

Lol 😂blessed by monks good morning

[@alexandereast4072]

Thanks Tae! Though depending on the location a second home can be a great investment. Where I live, I’ve seen property values increase more yearly than my income.

[@joewiseman4631]

Glad a second home worked for you as an investment. I do worry what will happen to the second home market when baby boomers age out of this “second home” phase in 10-12 years. I suspect prices will decline, especially in true vacation spots that are hard to reach, as they all try to sell during the same 5-10 year period (2035-2045). Hopefully you will mark-to-market on your second home investment before that happens to lock in your excellent returns.

[@Nemo-yn1sp]

Must not be smart. I don't spend money this way. Doesn't seem smart on many levels.

[@joeriveracomedy]

I really want to see halo 2 but I refuse to pay for paramount +. Oogling at the strawberry blonde on kingstown got old.

[@oroville12345]

If they waste money then they're not snart

[@godblessyou7376]

Tae, you really DO have great hair! : - )

[@kathleenhunt7613]

Hmmm, I pretty much give to any organization that asks through the grocery line, pet stores, round up at the gas station, etc. If I am suspicious of intentions I wouldn't give, but feel a few bucks at these places are worthwhile.

[@ZDub77]

Agreed they are worth while, but give to them individually rather than letting the store give your money for their tax write off

[@mynamehere69]

If you feel inclined to donate then never do it there, since you are making the buisness money as they can write off the your donation. Just do it online at your home so it’s genuine

[@Paulus384]

@@ZDub77 Louder king!

[@greenbeetless]

Extended warranties are worth it if you use them properly. Bought a laptop, a month before the warranty ran out I cloned my hard drive and sent the laptop for repairs; they didn’t carry the model so we got the newer one, loaded our cloned hard drive and everything was fine. I’ve done it with my headphones, after two years of using my headphones I turn them in and get new ones.

[@duckwithsunglasses9802]

Hard disagree on the first one. Smart water is the best water. You don't taste the difference, but I do

[@krvav1]

ffs i dont do any on the list still poor

[@LisaJanke-d8h]

Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?

[@jupiter1914]

Now do a video on time.

[@BigTimeHSMfan]

💙

[@jordanclarxon6246]

tipping culture sucks

[@wmp3346]

#25 Aura

[@jupiter1914]

I would watch your video longer if you didn't keep saying "number x thing to ...". Please stop.

[@JellieJoShmo]

Who is this video for? Talking about checked bags and first-class flights? Lmao none of that is happening often enough for most people to give a sh*t about

[@IbrahimKone-ix4qi]

!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated

[@FederickLeo]

As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@ShinodaPbp]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

[@FederickLeo]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@ShinodaPbp]

Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..

[@IbrahimKone-ix4qi]

how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking??

[@ddd007ddd00]

I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated!!!!

[@HaholBarton]

As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@jopolo-x4f]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

[@HaholBarton]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@jopolo-x4f]

Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..

[@ddd007ddd00]

how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach?? and How can i reach her, if you don't mind me asking??