6 Things POOR People Waste Their Money On! -By Warren Buffett

Best Passive Income Side Hustle (TRY IT!) : https://bit.ly/46AmT3c Start A Profitable Youtube Channel (without doing the work yourself!) : https://bit.ly/3tZ6x5J #1. Gambling The house always wins. Gambling is the easiest way to run out of money because the chance of winning is always lower than the chance of losing. Warren Buffet says that it’s ok to gamble once in a while for fun, but if you let it become a habit, you will go bankrupt. #2. Gym membership Your health is very important, and a gym membership can be one of the best investments in yourself … but only if you actually use it. Train your mind until you can commit to an exercise routine. And if you can’t do that, save your money and cancel that useless gym membership. #3. Luxury brands Poor people love to buy things they don’t need, at a price they can’t afford. Just to impress people who don’t even care about them. The rich focus on their career and their ability to solve problems. No car or watch is more impressive than a person who can solve hard problems for a lot of people. #4. New Car Buying a new car is one of the worst decisions most young people make. Because as soon as you drive the car off the lot, it loses a lot of its value. As a general rule, the value of your car will drop by 20-30% after just 1 year. In 5 years, it will lose at least 60% of its initial value. If you want a nice car that still smells new and fresh, you can buy one that is a few years old from a dealership and get at least a 30 % discount. Invest the money you save. #5. TV + video games Warren Buffet revealed an important fact about middle and lower class families. They waste a lot of time and money watching TV and playing video games. #6. Fancy Vacations Traveling can really open up your mind to new experiences and give you a lot of perspective on what life is like around the world. It can teach you skills and make you more confident. And eating new tasty dishes around the world is also fun. But none of this matters if you go on vacations that put you in debt. If you can’t afford it, don’t do it. BONUS Tip : Watch the video to reveal a shocking money waster! Images © Piers Baker. SVGDoodleWhiteboard.com 📜 Disclaimer 📜 Images © Piers Baker. SVGDoodleWhiteboard.com 📜 Disclaimer 📜 Nothing herein shall be construed to be financial, legal or tax advice. Some of the links are affiliate links, and I will receive a small commission for referring viewers to the service at no cost to you. #money #budget #warrenbuffet