The Biggest Waste of Money Nobody Talks About

[@m_rod9562]

I make around 100k / year, in a city with average cost of living, and having an $800 car payment sounds insane to me.

[@d_all_in]

Having any car payment is insane

[@m_rod9562]

@@d_all_in true lol

[@satsujin22]

I have a $726/mo car payment. I had the money to purchase my car with cash, but Mazda gave me a 0% interest loan, so I'd literally be losing money to decline and pay the cash up front rather than do what I did, which was place the money into a HYSA, connect the car payment to that account, and set the auto pay and forget about it. Now I'm gaining monthly interest on the free loan they gave me.

[@justthebrttrk]

@@satsujin22 sounds great until you crash your car and have to pay out the full value of an upside-down 72 month loan.

[@m_rod9562]

@@satsujin22 i think you forgot to factor in depreciation into that calculation, champ. Which is roughly ~35% in the first 3 years from new.

[@meshlifeltd6127]

I'm glad you made this video, it reminds me of my transformation from a nobody to good home, $89k biweekly and a good daughter full of love..

[@EddieMaria-i5i]

My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.

[@RichQuan-x7e]

Hello, I'm a Doctor from Scotland, how do you make such amount? I'm a born Christian but sometimes I feel so down of myself because of low finance but I still believe in God.

[@meshlifeltd6127]

Making touch with financial advisors like *Janice Isaac Owen* who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.

[@LeoMoon-v3m]

Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

[@SadeeK-l5i]

Waking up every 14th of each month to *210,000 dollars* it's a blessing to I and my family... Big gratitude to *Janice Isaac*

[@Courtney-Alice-Gargani]

I drive a Honda Civic. It runs great. I don't need a BMW or Mercedes. It's just a form of transportation.

[@humphrey]

Responsible!

[@Repent44]

Same! I purchased a Toyota Camry for 13k cash and then someone hit me and totaled it. I then purchased a 2005 Honda accord for 6k cash and it’s been a blessing.

[@killersentra]

You definetly need a Mercedes or a BMW. These cars offer a level of saftey you don't get with a civic. When you got the money you pay for extra protection. I've never ooked at those cars as a status symbol. Just bullet proof junkers.

[@Daniel-ef7nk]

You dont, I got a bmw last year and realize though it is nice it drives just as well but the feeling of overpaying for something is not good. A nice toyota is good enough.

[@ducminh7568]

@@killersentra are you working for BMW ?

[@bill.368]

Excellent video but Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@FernandoS.Robertson]

You're correct!! I make a lot of money without relying on the government, Investing in stocks and digital currencies is beneficial at this moment.

[@OrvilleM.Koster]

Job will pay your bills, business make you rich but investment build and wealth long term, the future is coming.

[@user-yf6mn6kx8u]

Life is easier when the cash keeps popping in, thanks to jeffery kathryn services. Glad she's getting the recognition she deserves

[@NargizaRamilov]

​@@user-yf6mn6kx8uWow! Kind of in shock you mentioned expert, Jeffrey Kathryn What a coincidence!!

[@NargizaRamilov]

Thank you Lord Jesus for bringing expert Kathryn into my life and my family, $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!

[@soccerburn552]

Exit row seats. Poor man's first class.

[@Angultra]

Sucks you gotta pay just to not have the middle seat these days.

[@sarahallen8739]

@@AngultraI think they’re talking about the whole emergency exit row. Even the middle seat there is a good deal for legroom

[@johnwhite7927]

That's entirely dependent on the specific model of aircraft. I've flown first class before and never had a problem with those seats being small or narrow. I have had exit row seats that were horribly uncomfortable. Some were even narrower than the rest of the seats in the plane. The only thing that's never failed me on the exit rows is the legroom.

[@andreideac3962]

Actually,everyone is talking about.....lol

[@stocksxbondage]

I knew as soon as I saw the title it was clickbait, but what did I do? Click on it! Because I’m an addict… I need help. Help me.

[@humphrey]

Well NOW im talking about it! lol

[@jeffro249]

Exactly what I was thinking. 😂

[@WanderlusttheWorld]

I run an social media account on other platform. Similar to Humphrey, I use 'nobody talks about' title a lot to make people click watch so we can increase our net worth and you lost your time.

[@SPR_NAPALM]

@@stocksxbondage I would hardly call it clickbait. As an old man I see things called "new" that aren't. The thing is, it might be new to someone that hasn't seen it before.

[@freedomisEexpensive-08]

I’m a god of devaluation, I buy it and it goes down! Why I can't make earnings is beyond me. It can be annoying how volatile the market is. How can I ride this fresh wave of all-time highs without getting burned again with $450k set aside to get fully invested this year?

[@NotyourBusiness-urto6]

I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.

[@MiddleclassAmerican-7220]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

[@lincoln-tser]

This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

[@GREGG-43]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

[@laundrygoddess4]

Buy funds not stocks. Really lowers risk

[@jtcouch45t]

I'm mostly in cash and waiting for this market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $350k?

[@wellsHannahh]

from studies, 90% of the time in an election year, the stock market stays positive for quite a long time. 2024 is no exemption, but it is better to be guided, ideally by a well experienced and licensed advisor

[@gwendymolly5953]

Agreed, I just use KZbin for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own. I have consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains in close to a decade of having one

[@dannielleemarie]

How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.

[@gwendymolly5953]

Her name is ‘Sonia Nunes Demelo’. Just search the name and you’d find necessary details to work with a correspondence to set up an appointment.

[@dannielleemarie]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@Johanneslol11]

I am 33, I dint even own a drivers license yet 😂 I always use public transport. From your list the only thing what I buy is an expensive smartphone but I mostly tend to keep it until it no longer get software updates. I use the s21 ultra now. What is almost 4 years old now.

[@rubiirae]

you must not live in the us then...because taking public transportation in the us = putting your life at great risk from getting robbed/r*ped/killed

[@stevenedwards3754]

Humphrey, your financial advice is great as usual. I'm in my mid eighties and because I figured out on my own to do what you are sweetly suggesting others do, I live comfortably in the same very expensive city you do. I occasionally amuse myself by walking into a store knowing that I can afford to buy everything in the entire place. That is real status and I take pleasure in the knowledge that nobody around me even knows it. What makes it easy for me not to buy expensive crap I don't need, is to ask myself how many shares of Apple or Nvidia I could buy instead knowing that when the buying opportunity comes along I'll have the money available. However, fifteen years ago I did buy myself a nice almost new BMW. It was a dealer demo with 7000 miles on it at a 25% discount. I got a great car, a great deal, a wonderful ride when I'd rather not walk or take the bus, and status thrown in as a bonus. It will probably outlast me.

[@moca8405]

Good for you! I had a coworker, who was in her 80s, always complained she had to work, but I was thinking in my head that she made a bad choice. She had a good job for a long time, but it was her who didn't save $. I don't want to work because I have to, but I'd love to work because I enjoy it when I get much older.

[@FavourGift-en6en]

Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude

[@-ou2dc]

I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..

[@ChristianaEjimofor]

Assets that can make you rich *FX *Btcoin *Stocks *Gold *Real estate

[@FavourGift-en6en]

Ms Sonia understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch

[@4lovehenry]

Wealth is built in both bull or bear market and also wealth transfers from the impatient to the patient. One of the best ways to succeed in crypto is by trading your assets with a good strategy..

[@chinyerejoseph8004]

I'm retired at 47, went from Grass to Grace. This here reminds me of my transformation from a nobody to good home, honest wife, $35k biweekly and a good daughter full of ❤ I’m forever grateful Sonia karen

[@GasStationKnives4Ever]

Depending on the product, paying for a higher quality item can cost you less in the long run because you don’t have to replace it. Tools and other gear often fall into this category. Buy once, cry once.

[@markamark123]

Watching from my paid off iPhone 8 via my $15 Mint Mobile plan.

[@nobodyxx560]

As a punk rocker, I have dedicated over 10 years of effort into my patch vest and pants. This has saved me thousands on clothes. My outfit is memorable to people. I have over three miles of floss(stronger than regular thread) see into the vest alone. I have maybe in total paid at most $400 dollars to maintain this, for a decade. I was homeless for much of this time and those patches saved my life. If I wasn't known as "that punk rocker guy" I probably wouldn't have ever had the social capital to escape objective poverty. Also the thought of buying a first class ticket is very laughable. I fought gang bangers and rats under I-5, buy the economy seat.

[@bootymcnasteez2033]

Congratulations on being... Poor I guess.🎉🎉

[@kingsgold]

it's a matter of perspective. for like... 99% of people, first class doesnt make sense other than a really really special occasion like honeymoon, or a major anniversary. (think 10th or 25th). But, if you are someone that makes say... $50k a day, a first class ticket for 2k would seem rather affordable to you since you would make up that money by the time you landed.

[@owggarage723]

If you were a real punk rocker, you would pee on your clothes and wear them. If not, you're just a poser.

[@d_all_in]

People sit in first class so that they don't have to smell people like you

[@nobodyxx560]

What a diversity in perspective!

[@Raphaelus13]

A huge amount of people can't fathom the idea that none of the shiny cards at the dealer are appropriate for them. In an ideal world, the sellers would explain budgeting issues and let many of them know that they responsibly require a used car.

[@ZackSeifMusic]

Tired of these comment sections loaded with bots and financial scams instead of being able to find actual discussion about the video. YT won't do anything because it's still considered engagement and it boosts the video but man it's a shame they can't even control that.

[@danamania150]

You’re sooo right

[@gns942]

lmao this whole comment section is infested, I was wondering wtf is going on with these bots all talking to each other about waking up and getting $210k a month.

[@Particamuwowo]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.

[@Saviourtina-c4i]

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash.

[@CharlesT.Foster]

The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.

[@KimberlyO.Kitchens]

i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well..

[@CharlesT.Foster]

My CFA Stacy Lynn Staples a renowned figure in her line of work. I recommend researching her credentials further.

[@KarenJ.Mancia]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@flamencoguru]

Absolutely, based channel! Keep it coming! Sound advice! I've been living this way and this is why my wife and I have something!!!

[@jessicacook8186]

Great video. All these are true and unfortunately so many Americans are unprepared for the future, leading to serious financial consequences that no Coach purse can fix.

[@ElloAsty]

For cars, a Camry/Accord is a noticeable step up from a Civic/Corolla, but is the next level of luxury really worth tens of thousands additional payments? I doubt it. If youre an average joe nobody cares about your car, you're not impressing anyone.

[@McWrisk]

Agree Accord is a much nicer ride than the Civic. More spacious but still good on gas!

[@ducminh7568]

I got a 2016 Accord

[@jackz4149]

For safety I would say yes

[@flamencoguru]

The way your crunching the numbers is the exact way my brain has worked my whole life... I have done this since I was a young teenager... If you think this way with money, you will always have!

[@supreme5998]

That car affordability chart is pretty spot on. Back when I made $45K my payment was around $370 and I never felt difficulty paying that every month.

[@DodiCortres]

I'm favoured only God knows how much I praise Him, $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.

[@DodiCortres]

Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!

[@LuzivalKrinke]

Wow that's huge, how do you make that much monthly?

[@LuzivalKrinke]

I'm 37 and have been looking for ways to be successful, please how??

[@DodiCortres]

It's Ms. Evelyn Vera doing, she's changed my life.

[@DodiCortres]

I started pretty low, though, $5000 thereabouts. The return came massive. Joey is in school doing well, telling me of new friends he's meeting in school. Thank you Evelyn Vera you're a miracle.

[@Constitution1789]

I remember seeing a guy in economy sitting between two HUGE overweight men. He was suffering, couldn't move an inch, and neither of the two men expressed any sympathy. Fully booked flight, so even though he wanted to change seats or upgrade to first, he couldn't. 😂 When I'm in Asia, I don't mind flying economy. In America, given how big everyone is, first class all the way.

[@timothymark8254]

Good vid Humphrey. I'm inclined to think that the only reason anyone SHOULD buy anything from the "status" category is to flip it for a profit later. Other than that, there's absolutely NO reason to own it (then again, maybe that's just you and me).

[@jaunt3603]

2007 paid off fj criser with 200k miles. Ive done all the scheduled maintenance and it runs great. This will probably be my last car.

[@HansJoachimMüller78]

Bring Stephanie Janis Stiefel on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Stephanie Janis Stiefel, for her expertise and exposure to different areas of the market.

[@LauchlanBender]

I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

[@AnnaMuller234]

How can i reach her, if you don't mind me asking?

[@HansJoachimMüller78]

Well her name is 'STEPHANIE JANIS STIEFEL'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@IliasRetsas]

Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.

[@portalkey5283]

How timely! It's nice to hear a reinforcement of what I'm already doing just when it's almost that time of the year!!

[@nathanlevang]

I've driven s-boxes for years and I find used cars online all the time for 20k that I would love to drive. I cannot imagine spending 40, 50, 60k on a new car when they depreciate so fast. Just wild.

[@Warrior_Resisting_Colonialism]

I couldn't imagine 20k.

[@Joenzinator]

I always fly first class because I'm fat AF and don't fit in a coach seat. But I maybe fly once every 2-3 years, so it's not a big line item for me.

[@ryandefranco7740]

Regarding the whole First Class thing-I'm 6'3" and my partner is built like a nose tackle, so when we fly, fitting (let alone fitting comfortably fitting) into economy seats is a real challenge. Even though I’m on the thinner side (165 lbs), I’ve been on regional jets where I literally can’t open the tray table all the way. Makes you wonder who are these seats designed for? Also, using San Francisco as a baseline for travel costs isn’t exactly a fair comparison. Anything to/from SFO is going to cost a fortune because, well, it's California-they can charge what they want, and people will still pay. From what I've seen, a first-class upgrade is usually just an extra $100-200 one-way on most continental U.S. trips, so it's not always a crazy splurge.

[@anderspedersen6750]

I fly first or business. But I generally look for deals to upgrade after I buy my ticket. Last one was $90 extra for a 5+ hour flight.

[@MattAK]

I'm a large in stature person, and I don't fly very often so one thing I tend to splurge on is First Class if I can afford it and it makes sense. It's more comfortable for me and my broad shoulders aren't encroaching on the seat next to me.

[@humphrey]

that makes sense Matt. You must get alot of ladies with the broad shoulders. And it is considerate of you. But for most people first class doesnt make sense!

[@ziggyess]

I run a luxury channel here in YT and I have just recently talked about a Hermes birkin is not the size of your bank account. I get lots of hate for calling out people who are broke buying expensive luxury items. Financial independence first before buying expensive things. ❤

[@Hosk17]

You have to look at some of this stuff in a large picture though. I drive a Tesla Model 3 (I have for 5 years now). I save on average $120 from the cost of gas compared to the energy cost. I charge almost exclusively at home. A new Toyota Camry costs an average of $530 a month. My car payment is $600, so it's actually cheaper to own a Tesla Model 3 than a Camry, and yes I put the same down payment for both cars in the calculator. A lot of people would say Tesla's are luxury cars, but it's actually cheaper, and imo, way nicer.

[@hotbeefo]

Not cheaper than a 10 year old Camry though is it

[@melbourneplanespotter3631]

Honestly, the biggest waste of money is simply not earning a higher salary. I'm not saying that people are wilfully forgoing a higher salary, but our career choices and such end up making a big, big difference down the line. It sucks that we're forced to make such a big decision at just 18.

[@temaus]

Japan is all about that “look at my designer stuff”, what are you talking about?? G-wagon literally only survived BECAUSE of Japan!

[@JDubST]

Dude what are you smoking? Because I want some of that stuff 😂

[@jackz4149]

@@JDubSThave you been to Japan? Or you only went to some cheap cities there? Go to Tokyo and you’ll see, even Lexus cannot outsell Mercedes there. Lexus LM, Toyota Alphard, Crown, and you name it… they buy a ton of these cars and vintage cars, air cooled Porsche… you need to go out more

[@tbonafied1742]

My wife and I used to fly first class domestically, but once the cost delta per hour for the upgrade exceeded our hourly income we stopped that as it’s not worth that much to us. We did splurge on first class on an oversees flight a couple years back with the lay down seats, that was also not worth the expense in our opinion.

[@pensacola321]

Fly first class, or your kids will!

[@AllTechGadgets]

If you have the money, spend it, and if you are using your credit cards to pay for goods and dont have the money to pay the credit card off, don't spend the money you don't have.

[@wartax5]

Helpful concise video covering important points to streamline finances. Keep them coming.

[@jozefsnopek352]

Great video! And sure: Designer stuff -> I'd rather pay a no-name artisan brand in Italy to make me something that is of great quality for 1/10 of the price of the designer brand. Car -> I always buy used. I have a used BMW that I bought when it was 4 years old for 1/5 of the purchasing price - 8 years later, it still runs perferctly. Flights -> One time I flew business was when my job paid for it. In-Europe flights are so short it makes no sense to pay premium and in Europe business class doesn't even have larger seats. Phone -> I used my previous phone for 6 years. I had to change because there were no security updates anymore. I bough Pixel 7 when I am promised at least 6 years of security updates. Where I do spend more money is hobbies. I have always played ice hockey and I will spend money for nicer equipment even though I probably don't need the top stuff, but as a kid my parents could not really afford buying it new for me, so I had everything second-hand, now when I make good money, I finally can treat myself. I also like cooking, so we have some nicer equipment at home ;-) . But I have never taken a loan in my life.

[@Courtney-Alice-Gargani]

Buying name brand to some people is a status thing.

[@humphrey]

Its totally status

[@killersentra]

It is when people veiw you as that type of person. That pressure is always there. You dress like a bum that pressure never exists. You get no attention. Some people thrive for attention. When they don't get any their suicidal.

[@chinh101]

if gas is not included, 10% is way too much!

[@Andrew-ms8md]

The best thing you can do at a club is NOT attract the attention of the people there

[@alexk7405]

According to 9:43, if the airline has reserved seating can one not buy 3 reserved seats all next to each other? It's still less than 1st class.

[@deenise5575]

I suppose for domestic flights, it doesn't make sense to travel first class. However taking ultra long flights like from Singapore to the US I would pay more if I can afford for the comfort level it gives.

[@mjhenderson0311]

Concerts and sporting events have out priced what the experience is worth. Sadly, people will still pay a ton of money to spend most of the time watching it on a screen.

[@Daviidas]

I think the 1/10th car rule is a little out dated in my opinion. I bring in roughly 125k a year so that would mean I could only "afford" a $12,500 car. I currently have a Tacoma I bought cash for 16k so I technically couldn't afford that. Say you want an average used suv with lower miles your looking at roughly 30k a year on the cheaper side of things. So for a household where both partners need a car and lets say they both have similar priced cars of 30k the house hold would need to make 600k a year just to "afford" the 2 30k cars. When if someone with a 250k household income could afford to buy both the cars after a year by just saving most of their wants category of their budget. I do agree with car payments and expenses should not exceed 10% of income I think thats more than fair.

[@CicadaAppreciationSociety]

If you do a future Q&A I have one for you: Since performance of the stock market is often measured in the media by referencing the Dow Jones Industrial Average, why isn't a Dow Jones tracking ETF (such as SPDR DIA) nearly as popular or talked about compared to ETFs that track the S&P 500 like VOO or SPY? Lack of diversity since it only tracks 30?

[@baseball741]

That Car Affordability chart might need to be updated. There's no way I would feel comfortable with a car payment corresponding to my salary.

[@chesspwn7457]

If you're buying something to show off you're faking. It's only when you don't care what others think whey you buy fancy that you actually have the status you're craving.

[@WilliamB.-ij6gl]

may I add, unnecessary credit cards with hefty annual fees. I had an AMX Platinum but decided to close the account after one year (several reasons including an awful lounge) and one of the sales points made to me to keep the card was "the prestige". A card is a tool, nothing more

[@fredflintstone2234]

I’m 58 and haven’t had a car for the past 36 years.

[@theswipecassette]

We need another portfolio reveal video. Excited to know what has changed in your portfolio since your last video.

[@D365LK]

Are your series 7/66 licenses still active? Do you do work as a financial advisor still? Would you recommend getting those licenses?

[@vladrazym9955]

When I was younger I always thought how great it could be if we had this "wealth counter" over our heads, so everyone could see how successful you really are. Like to show up to others that you are cool to attract girls and stuff lol 😀 Now I think it would be a horrible idea

[@valerieproctor517]

The first ad after this video was for the Google Pixel 9 pro which is the upgrade to my current Google pixel 4a 🤣

[@faithhope3236]

I like this young man. He has common sense.

[@gns942]

2:34 That's a murse if I ever saw one. Also, that clown suit he's wearing looks like he's going for a funeral but couldn't decide between business casual or disco fever.

[@madeupname2006]

FWIW the "international first class" pictured is actually Emirates' older business class on their 777s. International first class these days should get you something akin to a cubicle or even a closed roomlet. Source: I fly Emirates business regularly (someone else paying for it, of course). OTOH have never owned a car, and my phone is an Android, upgraded every 3~4 years.

[@StevenDavisPhoto]

Great video. Have you ever done a video about your personal budget and spending habits?

[@jake78441]

I agree on the latest smartphone i usually get my used 😅 and save crap ton of money

[@humphrey]

lets go!

[@zone4garlicfarm]

If the flight is longer than 8 hours I splurge for first class. I can handle 8 hours of cramped discomfort.

[@Stormnorman15]

08:06 - It wasn’t exactly bottle service, but I had a friend who always ridiculed me whenever I wanted to save instead of buying the latest game to play with them or stay in, instead of go out. Needless to say I should of definitely took that as a red flag lol

[@jbartl87]

If you're going to use that table on buying a car. Use your after tax income. Not your before tax income. I could not pay what you showed per month with my before tax income and still save money. After tax, yes.

[@alexshi9320]

Damn I never felt the need to splurge in this category. I waste most of my money on unnecessary conveniences / services I don’t end up using

[@yingkouzen]

Unnecessary conveniences = more energy and mental space to do productive things so don’t feel like it’s a waste

[@AllTechGadgets]

Why does everyone always talk about saving money and investing in for retirement. What about the now, so are you going to suffer to save money for when you get old? Enjoy life as it moves forward because you might not be able to use all that money that you save. Try to save when you can, but enjoy life.

[@CL-bu8mh]

yeah, all those things I will never spend money on and couldn't care less... except although I will never buy a new phone each year I did upgrade to the iPhone 16 pro from a iPhone 12 Pro... 🙄

[@matw1x]

Even though I know it's a dumb purchase and it's purely for flexing, I still want a fucking Lambo.

[@stoundingresults]

Get a scale model toy car, you'll scratch the itch. I bought a motorcycle I have put less than 300 miles in 6 months since I'm always working.

[@yingkouzen]

Go for it; life is too short

[@matw1x]

​@@yingkouzenAgreed

[@jochenkraus7016]

If there's a dealership near you, you could ask if they let you sit in one. And I think there are supercar rental companies. Probably still expensive, but you don't have to care about maintenance.

[@matw1x]

​@jochenkraus7016 I've sat in plenty, and it's not enough to know that that it's not yours to do whatever you want with it. And renting, you're just throwing away money. We're talking thousands per DAY.

[@StevenDavisPhoto]

Your first class description doesn't always apply. I took Jet Blue Mint from the east coast back home to the west coast. 5-6 hours and got lay down seats where I could sleep. I used points though. I would never pay for that.

[@drewajer2538]

Side quest purchase is an awesome phrase!

[@LeeBross-r7r]

A luxury car is worth it. A Mercedes Benz will improve the likelihood of surviving a major crash more than a Hyunda. Look back at Princess Diana. If she had worn a seat belt as did the bodyguard she would have survived the 70 plus mph crash into the concrete wall of the tunnel. my wife walked away from a head on into the center divider of the freeway at 65 mph in a Mercedes E class AMG.

[@bigslacker666]

It's funny that Rolex makes the thumbnail. No one is gonna argue that a $10k watch is a necessary expense, but it's worth saying that they do generally classic designs and are serviceable to last a lifetime or more. Spending $10k on a submariner sounds like a lot, but what is a new apple watch every 5 years inflation adjusted over a person's lifetime? ;)

[@Mike-dd8bd]

I mean its good info. But I just don`t understand the need for clickbait title though.

[@RubyRider5]

You must be who he’s talking about

[@Mike-dd8bd]

@@RubyRider5 You really think this stuff isn`t already all over the internet? No one talks about how a car is a waste of money? This is brand new info huh?

[@nicholas802]

​@@Mike-dd8bdlet him be...he lives under a rock

[@RubyRider5]

@@Mike-dd8bdI mean what’s your net worth and what kind of car do you drive 😂😂😂why are Americans poorer and poorer every year like clearly this isn’t beaten into your head hard enough because we get poorer and poorer every year because of our own decisions 😂😂😂common sense ain’t that common I guess

[@shibaspeed]

How timely. I was just watching a video about Grand Seiko.

[@Hosk17]

I find it interesting that you talked nearly exclusively about iPhone/Apple but conveniently ignored the fact that iPhones are worse than Andriods in every metric and more expensive. The only reason to buy an iPhone is status...

[@WilliamB.-ij6gl]

"bottle service" is a repulsive notion, what type of empty vessel of a human being would be impressed by this?

[@codyneubeck6557]

The Millenial stats probably match your demographic better, but GenZ is getting older. I would love to see a few more stats about us :)

[@fmcdomer]

Buying the same items but different brands for way cheeper. Or custom or vintage Is whats cool

[@humphrey]

Exactly!

[@Peteliao]

I have to disagree with your views on luxury goods. I have a Lexus and a Rolex watch. After I got my watch, I was taken a lot more serious. I was able to close deals more easily and business owners took me a lot more serious. I am 33 years old and make roughly 250k a year and net worth 1.6M. And having nice things actually made me work harder in life.

[@Warrior_Resisting_Colonialism]

You're only fooling yourself.

[@chesspwn7457]

yeah, it totally couldn't have been the experience and age in the field you gained grinding for those items. Like say you made 1000 extra deals, double the normal, and it took you 3 years. Now is it the watch or the fact that you've established yourself and have double the expected amount of experience?

[@Peteliao]

@@chesspwn7457 yes. It’s the same thing as showing up to an interview with gym shorts vs a night dress shirt. Dress to impress is very true here. You would dress nicely on a first date right? You want to make a good impression.

[@d_all_in]

I know what you mean. After my penis enlargement treatment, I was able to negotiate $100 off a new sofa.

[@Peteliao]

@@Warrior_Resisting_Colonialism how so? I have a higher net worth at my age than the average American household. You can still save money and buy the things you want. Tomorrow isn’t promised, and you should spend on the things you enjoy. Spend 25%-35% on wants and needs save the rest. Not that hard.

[@Wakeup45555]

Two words; Intentional spending. You are welcome

[@raymondgonzalez9227]

Rich or poor, problems never go way 😢

[@darksideofthemoon19]

I asked my coworker that looks like a comfy pair of shoes what is it? Birkenstock, $150. Never spent that much on shoes. I know inflation went up but dang are shoes >$80 now lol😅

[@NewGuy2024]

My Crocs are ugly, but very comfy. Bought them back in 2012 for $40 and been wearing them 9 months in a year.

[@BeautyToTheMax99]

Birks last years, it’s not a bad shoe investment at all

[@Retireonstocksbitcoin]

You can still get $40-$50 nice shoes

[@ftr911drvr]

The same could be said for cheaper shoes tou domt need to spend $150 or more on sandals or mules just because tbeyre birks and they supposedly last thats just rarionalizing a status purchase. To each their own not judging but its not an investment at all ​@BeautyToTheMax99

[@justthebrttrk]

Spending money on quality is perfectly okay. My mom has worn garbage thrift store shoes her whole life and now has foot pain in her 60s. I'll gladly pay $160 for a nice pair of brook's if it means I won't have knee and joint pain from running 25 miles a week and living an otherwise active lifestyle.

[@ftr911drvr]

Alot of people want to show off with stuff they cant afford

[@bob1234881]

Anyone know how to track capital hills share purchases. Likely in something like NANC in the UK?

[@Grandpa-wo2tp]

Don’t live. You save more.

[@blueoval250]

Name brand American cheese. Kraft is bankrupting Americans.

[@jlinsy]

Buying a new phone/luxury bag every year? That's only like a $2,000/year difference at max. That plus a luxury bag it is only $10K/year. To really move the needle, one would have to stop buying Patek watches at $100K per watch at every bonus cycle... I think that would be more on point for this topic on curbing luxury spending.

[@aaronha994]

Modern society keeps the people alive that would have received a Darwin award.

[@criminalelement494]

When you are really tall, getting first class is needed, even if you are poor. Trust me lol

[@shaneyjy]

So how is it a “waste of money” if status is on the hierarchy of needs?

[@TheOriginalMarimoChan]

you can get status in other ways rather than material things like doing things for the community, organizing humanitarian events, helping your local church or homeless shelter, running for your neighborhood board or your house of reps.

[@FluffyNuggets369]

That new MacBook Pro is my MONEYMAKER.

[@miviaflower]

I make 700k and drove a Porsche.

[@sasukesuite1]

Maybe I should go all in on LVMH stock. Seems like the world is getting dumber and dumber, so I might as well profit off of idiots.

[@NewGuy2024]

We need a fancy high tech shirt or hat that shows your Real Time Net Worth Numbers. Let the truth come out.

[@humphrey]

Lol seriously!

[@TeklaTch]

Thank you for your vids Mr. H

[@humphrey]

Very welcome

[@Raphaelus13]

I, somehow, don't associate identity consumption personalities with the absorption of practical wisdom. 😅I do hope this helps someone.

[@me0101001000]

I haven't fallen prey to these, mostly because it's just not the kind of person I am. But I can share what I do instead. Designer goods: get something that has purpose instead. Do you do MMA? Get some comfortable rash guards that you can just wear on the daily. Maybe ones that have a cool pattern on them. I like the Spiderman ones most. Cars: I LOVE LOVE LOVE public transit. Sometimes I'll log what a car payment would be, calculate how much I spend on travel on my bike, on the bus, or calling a taxi/rideshare, and put away what's left. Otherwise, I'll just carpool with friends and pay a part of the fuel cost. Keeping Up with the Jones's: Outside of experiences, I really like doing something creative. Why buy cocktails when you can learn to make them yourselves? Or rather than going to a restaurant, getting together at someone's place and trying to make it. First Class: I just think about what I would want to put that money towards, and immediately, it's not worth it. Though in international flights, I always sit at the front of the cabin or in emergency because I'm a tall person that needs the leg room. Latest Tech: Well, I'm a linux guy. I like messing with things to the fullest, and on most of these fancier gadgets, it seems like I can't do that, so that's a turnoff for me.

[@mhodge0890]

So flying first class out the country is worth it

[@coencordia]

And yet you are still advertising carpayments 😂