19 Things People Waste Money On

00:19:38
https://www.youtube.com/watch?v=yIqSdUxkZqI

الملخص

TLDRThe video explores common purchases that are often unnecessary or considered a waste of money. It begins by highlighting the inefficacy of most supplements, describing them as part of a massive, often fraudulent industry. It advises consumers to avoid buying supplements unless absolutely necessary. Similarly, 'all-natural' beauty products are critiqued for being less effective than science-backed synthetic alternatives. The video also critiques investments in large knife sets, generic box-store art, and lottery tickets, suggesting more meaningful alternatives like investing in quality, essential knives, or purchasing art from local creators. Bottled water is marked as a significant consumer scam in developed countries, as most people have access to clean tap water. Additional purchases like food delivery services, alcohol, and frequent new phone upgrades are highlighted as avoidable expenditures. The video also draws attention to broader cultural expenses, such as storage units, extravagant weddings, and diamond purchases, labeling them as societal pressures driven by profit-motivated industries. Finally, viewers are encouraged to focus on quality over brand status in expenses like cars, clothing, and athletic paraphernalia, pointing out the financial benefits of sensible spending over flashy or unnecessary purchases. The cost-per-wear concept is introduced as a practical insight into assessing the true value of clothing investments.

الوجبات الجاهزة

  • 💸 Supplements are often unnecessary and ineffective.
  • 🌱 'All-natural' beauty products might not be as effective as scientific alternatives.
  • 🔪 Large knife sets are not essential; quality over quantity is key.
  • 🎨 Invest in meaningful art rather than generic mass-produced pieces.
  • 💧 Bottled water is a consumer scam in areas with clean tap water.
  • 🚗 Luxury cars depreciate quickly and may cost more in maintenance.
  • 🍾 Alcohol and regular new phone purchases are expenses to reconsider.
  • 🏠 Consider the necessity of storage units; declutter instead.
  • 💍 Diamonds and extravagant weddings are influenced by industry pressures.
  • 👕 Focus on quality and cost-per-wear in clothing rather than brand hype.

الجدول الزمني

  • 00:00:00 - 00:05:00

    The video discusses how people are irrational with money, highlighting wasteful purchases like supplements and all-natural beauty products. The presenter criticizes the supplement industry for making vague and unsupported health claims, noting that most are ineffective and expensive. They also caution against 'natural' beauty products, explaining that the terms are misleading and synthetic alternatives are often more effective. The video transitions into a sponsor message for the skincare brand Geologie, praised for its science-backed ingredients.

  • 00:05:00 - 00:10:00

    The video continues addressing other financial pitfalls, such as purchasing generic box store art and lottery tickets. It argues that mass-produced art lacks personal meaning, and suggests investing in unique pieces from local artists. The presenter criticizes the lottery as a predatory industry targeting lower-income individuals, asserting that the odds of winning are negligible. Additionally, the video highlights the absurdity of buying bottled water and overusing food delivery services due to their convenience but unnecessary cost.

  • 00:10:00 - 00:19:38

    Further scrutiny is given to expenditures on alcohol, new phones, and storage units, all deemed wasteful. The presenter notes that alcohol is an unnecessary expense contributing to health issues, while new phone upgrades are often unnecessary due to minimal improvements each year. Storage units symbolize excessive consumerism, suggesting that people abandon stored items over time. The video also criticizes extravagant weddings and diamonds, positing that societal pressures cause individuals to overspend in these areas without meaningful returns.

الخريطة الذهنية

فيديو أسئلة وأجوبة

  • What is the video about?

    The video discusses popular purchases that are often considered a waste of money.

  • What is mentioned as one of the biggest wastes of money?

    Supplements are mentioned as one of the biggest wastes of money.

  • Why are supplements considered a waste of money?

    Most supplements don't have proven benefits and are part of a billion-dollar industry relying on vague claims.

  • What is the advice given regarding buying supplements?

    Only buy supplements if you're sure they're needed, based on doctor's advice or lab tests.

  • How are 'all-natural' beauty products perceived in the video?

    They are perceived as less effective than products with scientifically backed ingredients.

  • What alternatives to buying generic box store art does the video suggest?

    The video suggests buying art that is meaningful, such as from local artists or craft markets.

  • What is a more cost-effective alternative to buying pre-made art from stores like IKEA?

    Supporting local artists or using photos of friends and family.

  • How does the video describe the bottled water industry?

    As a consumer scam, especially in developed countries with access to clean tap water.

  • What is a key point about luxury cars highlighted in the video?

    They depreciate in value and are often less reliable and more expensive to maintain.

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التمرير التلقائي:
  • 00:00:00
    almost everyone feels like they need
  • 00:00:01
    more money it seems like everybody is
  • 00:00:02
    upset about inflation everybody is
  • 00:00:04
    underpaid but the truth is we all waste
  • 00:00:06
    a lot of money people aren't great at
  • 00:00:08
    spending their money wisely let alone
  • 00:00:10
    saving it this video is about popular
  • 00:00:12
    purchases that are actually a huge waste
  • 00:00:14
    of money by the way don't feel bad if
  • 00:00:15
    you've bought some of this stuff we're
  • 00:00:17
    all irrational when it comes to money
  • 00:00:18
    and spending is subjective I buy things
  • 00:00:20
    that most people would consider a huge
  • 00:00:22
    waste of money like watches no one needs
  • 00:00:24
    a watch people are irrational also huge
  • 00:00:26
    thank you to my go-to skincare brand
  • 00:00:28
    geology for sponsoring this video I'll
  • 00:00:30
    talk more about them later first let's
  • 00:00:32
    get into the list starting with possibly
  • 00:00:34
    the number one biggest waste of money
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    supplements the vast majority of
  • 00:00:38
    supplements don't work that is simply
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    the truth centuries ago we had traveling
  • 00:00:42
    salesmen tricking people into buying
  • 00:00:44
    snake oil and it worked nowadays we have
  • 00:00:46
    web-savvy business Bros slinging CBD oil
  • 00:00:49
    and it's still working that is the
  • 00:00:50
    marketing tactics are working the oil is
  • 00:00:52
    not working the truth is there's no hard
  • 00:00:54
    data to support most supplement Brands
  • 00:00:56
    claims that's why in every supplement
  • 00:00:58
    bottle you'll always see V language like
  • 00:01:01
    supports healthy immune defense or
  • 00:01:03
    enhances mental agility of course you'll
  • 00:01:05
    also see much more specific disclaimers
  • 00:01:07
    like this product is not intended to
  • 00:01:09
    treat cure or prevent any disease so
  • 00:01:11
    it's like well which is it does it do
  • 00:01:13
    anything or not cuz you're kind of
  • 00:01:14
    saying both on the bottle it's not
  • 00:01:16
    supplements are expensive too this is a$
  • 00:01:18
    100 billion doll industry billion with a
  • 00:01:20
    be but other than a handful of time-
  • 00:01:22
    tested scientifically validated
  • 00:01:24
    supplements like creatine or vitamin D
  • 00:01:27
    they're pretty much all worthless and
  • 00:01:29
    even the ones that do work aren't for
  • 00:01:31
    everybody after all these are
  • 00:01:32
    supplements meaning that they can fill a
  • 00:01:34
    deficiency if needed my advice is to not
  • 00:01:36
    waste any money on supplements unless
  • 00:01:38
    you're 100% sure that you need them
  • 00:01:40
    based on advice from your doctor or lab
  • 00:01:42
    tests or very strong personal anecdotal
  • 00:01:45
    evidence allnatural beauty products the
  • 00:01:48
    allnatural beauty industry is booming
  • 00:01:50
    right now people don't want chemicals on
  • 00:01:52
    their skin they want to believe that
  • 00:01:53
    natural ingredients will make them look
  • 00:01:55
    and feel better well first off the terms
  • 00:01:57
    natural and clean are unregulated so
  • 00:01:59
    they don't actually mean anything
  • 00:02:01
    because any brand can just slap these
  • 00:02:02
    words on the label regardless of which
  • 00:02:04
    ingredients they're actually using also
  • 00:02:07
    natural doesn't necessarily mean safe
  • 00:02:09
    naturally derived ingredients can be bad
  • 00:02:11
    for you just like synthetic ones can
  • 00:02:13
    regardless here's the harsh reality
  • 00:02:14
    natural ingredients aren't as effective
  • 00:02:16
    as synthetic ones take acne treatment
  • 00:02:19
    for example all the aloe vera and tea
  • 00:02:21
    tree oil in the world will not make your
  • 00:02:23
    pimples disappear but salicylic acid and
  • 00:02:25
    certain retinoids will almost certainly
  • 00:02:27
    help these are safe and effective
  • 00:02:29
    synthetic ingredients backed by loads of
  • 00:02:31
    Science and Decades of anecdotal
  • 00:02:33
    evidence I'm telling you don't waste
  • 00:02:34
    your money on homeopathic skin care or
  • 00:02:36
    grooming products they just don't work
  • 00:02:38
    you know what does work highquality Derm
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    grade skincare products with ingredients
  • 00:02:42
    that are backed by science like the ones
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    made by today's sponsor geology gey is
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    an award-winning skin hair and body care
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    company with over 10,000 fstar reviews
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    from moisturizer to shampoo and
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    deodorant they have your whole routine
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    covered I've tested geology's entire
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    lineup I use their products every day
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    and I can personally vouch for their
  • 00:03:01
    quality and efficacy this isn't a luxury
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    brand with crazy markups these aren't
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    trendy products with dubious claims it's
  • 00:03:08
    just simple highquality Personal Care
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    powered by dermatologist approved
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    ingredients like retinol salicylic acid
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    and vitamin C if you're new to the brand
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    or looking to upgrade your routine I
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    recommend trying out geology's
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    personalized skincare trial set you take
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    a 60-second quiz about your skincare
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    happy with the results you can reup or
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    you can tweak your custom routine until
  • 00:03:40
    you dial it in just right so whether
  • 00:03:42
    you're dealing with acne breakouts or
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    wrinkles or you just want to protect
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    your skin as you get older I highly
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    recommend giving geology a shot click
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    the link below in the description and
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    then use the code Brock 80 to get 80%
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    off your first skincare trial set and
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    50% off any add-ons that's a huge
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    discount so take advantage of it L Below
  • 00:04:00
    in the description okay moving on huge
  • 00:04:02
    knife sets too many people buy these
  • 00:04:04
    huge 20 plus piece knife sets you know
  • 00:04:06
    the kind that come in those blocks with
  • 00:04:07
    all the slots you see these on wedding
  • 00:04:09
    Registries all the time and it's a great
  • 00:04:11
    way to buy 37 lowquality knives the
  • 00:04:13
    truth is you only need like three or
  • 00:04:15
    four different types of knives and a
  • 00:04:16
    good knife is pretty expensive it's not
  • 00:04:18
    that a set is a bad idea I mean those
  • 00:04:20
    blocks are actually a really good way to
  • 00:04:22
    store your knives I'm just saying buy a
  • 00:04:24
    smaller one focus on the basics a high
  • 00:04:26
    quality chef's knife pairing knife maybe
  • 00:04:28
    a serrated knife or slicing bread go for
  • 00:04:30
    a respectable brand like woff maso or
  • 00:04:32
    Mercer get them sharpened when they seem
  • 00:04:34
    dull you can usually find a knife
  • 00:04:36
    sharpener at your local farmers market
  • 00:04:37
    then let your kids fight over them when
  • 00:04:39
    you're dead generic Box Store art yes
  • 00:04:42
    you can buy art from places like Target
  • 00:04:44
    or Ikea or World Market but these are
  • 00:04:46
    the empty calories of Home Decor this
  • 00:04:48
    art doesn't mean anything to anyone it
  • 00:04:50
    was mass-produced in some Chinese
  • 00:04:52
    Factory thousands of other people have
  • 00:04:54
    the exact same print hanging on their
  • 00:04:55
    wall personally I'd rather have nothing
  • 00:04:57
    on my wall than these generic Mass
  • 00:04:59
    Market prints now if you see a piece
  • 00:05:00
    that you genuinely love and really
  • 00:05:02
    connect with in one of these big box
  • 00:05:03
    stores by all means buy it but let's be
  • 00:05:06
    honest most people are only buying
  • 00:05:07
    daycor from these big box stores to fill
  • 00:05:09
    the empty space on their wall or on
  • 00:05:11
    their mantle or in their heart instead
  • 00:05:14
    just be patient you know go thrifting go
  • 00:05:16
    to local art and craft Markets buy
  • 00:05:18
    something made by a real human being
  • 00:05:20
    maybe even someone who lives in your
  • 00:05:21
    town pay a little more for something
  • 00:05:23
    that really speaks to you if you're at a
  • 00:05:24
    loss you can never go wrong with photos
  • 00:05:26
    of friends and family lottery tickets
  • 00:05:29
    every year people spend hundreds of
  • 00:05:31
    billions of dollars on lottery tickets
  • 00:05:33
    Americans alone spend over a hundred
  • 00:05:35
    billion dollars a year playing the
  • 00:05:36
    lottery and we all know our chance of
  • 00:05:38
    winning big is virtually zero it's
  • 00:05:40
    completely irrational just like playing
  • 00:05:41
    the slot machines in Vegas or yelling at
  • 00:05:44
    an inanimate object after you stub your
  • 00:05:46
    toe on the sofa now I'm not one of those
  • 00:05:48
    people not because I'm smart or anything
  • 00:05:50
    I'm just too risk averse with my money
  • 00:05:52
    I've never been drawn to playing the
  • 00:05:53
    lottery I like index funds I'm practical
  • 00:05:56
    with my money to the point of being
  • 00:05:57
    boring some might argue now the
  • 00:05:59
    uncomfortable truth truth is most people
  • 00:06:00
    like me educated wealthier and white
  • 00:06:04
    aren't spending a lot of money on
  • 00:06:05
    lottery tickets it's mostly lower income
  • 00:06:07
    less educated and non-white people who
  • 00:06:09
    are spending money that they don't have
  • 00:06:10
    on lotteries they won't win in other
  • 00:06:12
    words it's kind of a predatory industry
  • 00:06:13
    personally I think the lotteries should
  • 00:06:15
    just be a legal I think this is one area
  • 00:06:16
    where the free market has clearly failed
  • 00:06:18
    us and the government should just step
  • 00:06:19
    in and regulate but that'll never happen
  • 00:06:21
    so the only solution is to opt out and
  • 00:06:22
    save your hard-earned money bottled
  • 00:06:24
    water bottled water has to be one of the
  • 00:06:26
    biggest consumer scams of all time some
  • 00:06:28
    brilliant capitalists was like let's
  • 00:06:29
    take something that people already have
  • 00:06:31
    a virtually free unlimited supply of in
  • 00:06:33
    their house and let's bottle it up and
  • 00:06:35
    make them drive to the store to get less
  • 00:06:37
    of it oh and we're going to charge like
  • 00:06:39
    30 times more than they'd normally pay
  • 00:06:40
    one last thing let's use single-use
  • 00:06:42
    plastic containers they won't mind now
  • 00:06:44
    obviously I'm talking about developed
  • 00:06:46
    countries with clean drinking water here
  • 00:06:48
    but that's a lot of the world which is
  • 00:06:49
    why the bottled water industry raked in
  • 00:06:51
    $342 billion last year that's despite
  • 00:06:54
    the fact that many countries like here
  • 00:06:55
    in the US we have tap water that's
  • 00:06:57
    totally safe to drink some people
  • 00:06:59
    complain about the taste personally I've
  • 00:07:00
    never been bothered by it but if you
  • 00:07:02
    really don't like the taste there are
  • 00:07:03
    all sorts of filtration devices that you
  • 00:07:05
    can buy many of which cost less than a
  • 00:07:07
    pack of bottled water food delivery
  • 00:07:09
    services getting food that's ready to
  • 00:07:10
    eat delivered to your front door used to
  • 00:07:12
    be a luxury I remember growing up in the
  • 00:07:14
    '90s we would occasionally get pizza or
  • 00:07:16
    Chinese food delivered to the house
  • 00:07:18
    those were your only two choices back
  • 00:07:19
    then and it was a special occasion this
  • 00:07:21
    is not something we were doing every
  • 00:07:22
    night or even every week now people are
  • 00:07:24
    using GrubHub and door Dash to get
  • 00:07:26
    whatever they want delivered on a
  • 00:07:28
    regular basis and they're paying for it
  • 00:07:29
    on average an extra $2 to5 plus tip it's
  • 00:07:32
    funny because before app delivery was a
  • 00:07:34
    thing you would just give this $2 to5
  • 00:07:36
    directly to the delivery person in cash
  • 00:07:38
    now these ethically dubious tech
  • 00:07:40
    companies are raking in billions acting
  • 00:07:42
    as the Shady middleman of dinner the
  • 00:07:44
    crazy thing is you don't need your food
  • 00:07:45
    delivered you can just go pick it up but
  • 00:07:47
    even in hyper walkable cities like New
  • 00:07:49
    York people are still using App delivery
  • 00:07:51
    because they just won't leave their
  • 00:07:52
    apartment it's always seems so crazy to
  • 00:07:53
    me like just save your $5 get off the
  • 00:07:55
    couch go grab your takeout or this is
  • 00:07:58
    kind of radical cook alcohol people
  • 00:08:00
    spend so much money on booze I said
  • 00:08:02
    booze the worst offenders are single men
  • 00:08:04
    with high-paying jobs I think that kind
  • 00:08:06
    of makes sense because they have both
  • 00:08:07
    time and cash to burn but most people
  • 00:08:09
    regardless of income or marital status
  • 00:08:11
    spend money on alcohol each month the
  • 00:08:13
    average Millennial spends $110 per month
  • 00:08:15
    on alcohol that's like a week's worth of
  • 00:08:17
    groceries or three tanks of gas or a
  • 00:08:18
    subscription to every streaming service
  • 00:08:20
    and not only is it totally unnecessary
  • 00:08:22
    it actually leads to all sorts of health
  • 00:08:23
    problems I'm no tea total I spend money
  • 00:08:25
    on alcohol too but I've cut back on my
  • 00:08:28
    drinking as I've gotten older and you
  • 00:08:30
    know what I'm healthier and wealthier
  • 00:08:32
    for it new phones before the iPhone came
  • 00:08:34
    out mobile device manufacturers like
  • 00:08:36
    Nokia and blackberry didn't release new
  • 00:08:38
    models every year they launched new
  • 00:08:40
    products when they had new products
  • 00:08:41
    ready to launch incremental updates
  • 00:08:43
    didn't get much attention we didn't
  • 00:08:44
    watch annual Keynotes we were just wowed
  • 00:08:46
    every few years when some new tech came
  • 00:08:48
    out like the first flip phone or camera
  • 00:08:50
    phone or touchcreen then the first
  • 00:08:52
    iPhone came out and it was incredible
  • 00:08:54
    but every year Apple would make a huge
  • 00:08:55
    deal about the new version some of these
  • 00:08:57
    updates were impressive but especially
  • 00:08:59
    recently A lot of them just felt forced
  • 00:09:01
    like is the iPhone 16 really that much
  • 00:09:03
    different or better than the 15 or 14 no
  • 00:09:06
    do our ,000 phones stop working after
  • 00:09:08
    just one year of course not my iPhone 13
  • 00:09:10
    mini is still going strong and I don't
  • 00:09:12
    plan on replacing it until I have to the
  • 00:09:14
    thing is tech companies have done such a
  • 00:09:15
    good job at making us feel like we need
  • 00:09:17
    the latest model and the tricky thing is
  • 00:09:19
    our phones don't feel expensive because
  • 00:09:21
    most of us are on payment plans through
  • 00:09:22
    our carrier like T-Mobile or Verizon but
  • 00:09:25
    don't be fooled you're still paying that
  • 00:09:26
    full $1,000 one way or another so I say
  • 00:09:28
    ignore the hype if your phone is still
  • 00:09:30
    working there's no need to upgrade
  • 00:09:31
    storage units isn't it crazy that we
  • 00:09:33
    have so much stuff we have to buy extra
  • 00:09:35
    space outside of our house just to hold
  • 00:09:37
    on to it all self storage is a $44
  • 00:09:39
    billion industry there are entire blogs
  • 00:09:42
    dedicated to teaching people how to make
  • 00:09:44
    money in the Self Storage industry there
  • 00:09:45
    are obnoxious startup Bros bragging
  • 00:09:47
    about their storage business profits on
  • 00:09:49
    Twitter the crazy thing is every year
  • 00:09:51
    150,000 storage units are auctioned off
  • 00:09:53
    this means that whoever purchased those
  • 00:09:55
    units and put their stuff in it either
  • 00:09:57
    died or just abandoned it I guess it
  • 00:09:59
    turns out that whatever they were
  • 00:10:00
    keeping in there wasn't very important
  • 00:10:02
    to them after all if you find yourself
  • 00:10:03
    wanting extra space to keep your things
  • 00:10:06
    ask yourself do you really want to hold
  • 00:10:08
    on to that stuff like could you sell it
  • 00:10:09
    or donate it instead of paying $150 a
  • 00:10:12
    month to hoard it away in a dark
  • 00:10:13
    concrete box I bet that if you let this
  • 00:10:15
    stuff go you'd never think about it
  • 00:10:17
    again and you'd feel like a weight was
  • 00:10:18
    lifted off your shoulders extravagant
  • 00:10:20
    weddings the wedding industry is like
  • 00:10:22
    Las Vegas it's been perfectly optimized
  • 00:10:24
    over many decades to separate people
  • 00:10:27
    from their money for example a regular
  • 00:10:29
    hair and makeup job from a salon might
  • 00:10:31
    run you $75 to $100 but you tell them
  • 00:10:33
    it's for a wedding and all of a sudden
  • 00:10:35
    it's 300 plus tip same goes for florists
  • 00:10:37
    bakeries venues photographers that's why
  • 00:10:40
    in 2023 the average cost for a wedding
  • 00:10:42
    in the United States was $35,000 this is
  • 00:10:45
    up 5 grand from the previous year and
  • 00:10:47
    you still see everybody complaining
  • 00:10:48
    about the job market and inflation like
  • 00:10:50
    hey maybe don't spend the price of a
  • 00:10:52
    brand new car or a down payment on a
  • 00:10:53
    house on one freaking day it's actually
  • 00:10:56
    insane if you think about it my wife and
  • 00:10:57
    I had a small family the only wedding at
  • 00:11:00
    a friend's house our reception was at a
  • 00:11:02
    small Brewery nearby we probably spent a
  • 00:11:04
    few thousand total including on a pretty
  • 00:11:06
    nice honeymoon outside of Cabo and yeah
  • 00:11:08
    I got some flak about doing it this way
  • 00:11:10
    people are brainwashed by this industry
  • 00:11:12
    but you don't have to buy into the
  • 00:11:13
    wedding Madness if you want to get
  • 00:11:14
    married at the courthouse and spend your
  • 00:11:16
    money on a nice honeymoon I say go for
  • 00:11:18
    it speaking of wedding industry Madness
  • 00:11:20
    diamonds diamonds are one of the longest
  • 00:11:22
    running consumer scams and even though
  • 00:11:25
    everybody kind of knows this diamond
  • 00:11:26
    sales continue to rise most people kind
  • 00:11:29
    of know that diamonds aren't as scarce
  • 00:11:31
    or precious as the diamond industry
  • 00:11:33
    would have us believe I mean we now have
  • 00:11:35
    access to conflict free lab grown
  • 00:11:37
    diamonds yet still the diamond industry
  • 00:11:39
    will generate over a hundred billion
  • 00:11:41
    dollar this year this is largely due to
  • 00:11:43
    people spending on average $5,500 on
  • 00:11:45
    diamond engagement rings why you could
  • 00:11:48
    use that money to pay off credit card
  • 00:11:49
    debt or student loans or go on a once-
  • 00:11:51
    in a-lifetime vacation or you could put
  • 00:11:53
    that money in an index fund do literally
  • 00:11:56
    nothing and in 10 years you'll have
  • 00:11:58
    $113,000 now I get that there's a ton of
  • 00:12:00
    social pressure to buy an expensive
  • 00:12:02
    diamond engagement ring in the same way
  • 00:12:03
    that there's a pressure to have an
  • 00:12:05
    extravagant wedding you've probably
  • 00:12:06
    heard that old addage that men should
  • 00:12:08
    spend two to three month salary on an
  • 00:12:10
    engagement ring so this ridiculous
  • 00:12:12
    guideline was invented by De Beers the
  • 00:12:14
    world's largest diamond producer that's
  • 00:12:16
    got to be one of the best marketing
  • 00:12:17
    campaigns of all time never mind the
  • 00:12:19
    fact that it was dreamed up by a sketchy
  • 00:12:20
    monopolistic company with a history of
  • 00:12:22
    price fixing and mistreatment of
  • 00:12:24
    indigenous people let's not argue about
  • 00:12:26
    who killed who my point is Diamonds Are
  • 00:12:28
    a huge scam with very little inherent
  • 00:12:30
    value outside of industrial use they're
  • 00:12:31
    not an investment natural diamonds are
  • 00:12:34
    not better than lab grown diamonds we
  • 00:12:36
    all need to stop wasting our money on
  • 00:12:37
    these dumb rocks home fitness equipment
  • 00:12:39
    some people use their pelons every day
  • 00:12:41
    and that's great but most home gym
  • 00:12:43
    equipment ends up collecting dust in the
  • 00:12:45
    garage of the basement just go to
  • 00:12:46
    Craigslist or Facebook Marketplace and
  • 00:12:48
    see how many treadmills and exercise
  • 00:12:50
    bikes are listed for sale about 40% of
  • 00:12:52
    Americans own home gym equipment oddly
  • 00:12:55
    40% of Americans are obese something
  • 00:12:58
    doesn't add up and this gear is
  • 00:12:59
    expensive like a high quality exercise
  • 00:13:01
    bike or weightlifting setup is going to
  • 00:13:03
    run you over $11,000 for that same
  • 00:13:05
    amount of money you could get yourself a
  • 00:13:06
    fancy gym membership for a whole year
  • 00:13:09
    new workout clo and even a few sessions
  • 00:13:11
    with a personal trainer I think home gym
  • 00:13:13
    equipment makes sense for people who
  • 00:13:14
    already have an exercise habit like if
  • 00:13:16
    you've been strength training four times
  • 00:13:18
    a week for the last few years and you're
  • 00:13:20
    ready for the convenience of being able
  • 00:13:22
    to lift at home yeah invest in a squat
  • 00:13:24
    rack but if you don't work out regularly
  • 00:13:26
    and you think that buying a new
  • 00:13:27
    treadmill or a kettle bell set will
  • 00:13:29
    transform your relationship to Fitness
  • 00:13:32
    it probably won't after all if you
  • 00:13:33
    really wanted to go for a jog you could
  • 00:13:35
    just walk outside and start running I'm
  • 00:13:37
    just saying be honest with yourself be
  • 00:13:39
    realistic if you do want to invest in
  • 00:13:40
    your health I think the best thing you
  • 00:13:42
    can buy is a coach find somebody local
  • 00:13:44
    who can hold you accountable to actually
  • 00:13:46
    show up to the gym and get a workout in
  • 00:13:48
    that is money well spent luxury cars
  • 00:13:51
    isn't it funny that we assume people who
  • 00:13:52
    are driving expensive cars are wealthy
  • 00:13:54
    because when you see somebody driving a
  • 00:13:56
    $70,000 Mercedes it only means one thing
  • 00:13:58
    they have $70,000 less dollar than they
  • 00:14:01
    used to or more likely they now owe
  • 00:14:02
    somebody $70,000 that's like $1,300 a
  • 00:14:05
    month for 5 years and now the true cost
  • 00:14:07
    of that car is over $80,000 so that
  • 00:14:10
    person is literally less wealthy for
  • 00:14:12
    owning that car not more wealthy and
  • 00:14:14
    while that bendz might come with some
  • 00:14:15
    fun bells and whistles it doesn't get
  • 00:14:17
    them from point A to point B any faster
  • 00:14:19
    or safer than a cheaper car would in
  • 00:14:21
    fact luxury cars are often less reliable
  • 00:14:23
    and much more expensive to maintain I
  • 00:14:25
    get it they're probably the most
  • 00:14:26
    recognizable status symbol in modern
  • 00:14:28
    society like most people probably could
  • 00:14:29
    spot the difference between a $200 off
  • 00:14:31
    the rack suit and a $2,000 bespoke suit
  • 00:14:34
    but everyone inherently understands the
  • 00:14:35
    price gap between a BMW and a Honda I'm
  • 00:14:37
    not immune to this desire in my 20s when
  • 00:14:40
    I was driving an old Buick Las saber
  • 00:14:42
    best car I ever owned and after that a
  • 00:14:44
    used Nissan Altima not so great I really
  • 00:14:46
    wanted Alexus IS250 I just loved that
  • 00:14:49
    car I test drove it a few times and not
  • 00:14:51
    going to lie I almost bought one but
  • 00:14:53
    instead I stuck with my Ultima until it
  • 00:14:55
    died then I shared my wife's old Sentra
  • 00:14:58
    before inheriting a 2000 Honda Accord
  • 00:15:00
    which ran way better than it looked then
  • 00:15:02
    after we had our first kid I bought the
  • 00:15:04
    only new car I've ever purchased a Honda
  • 00:15:06
    CRV and honestly it's fantastic so I say
  • 00:15:09
    forget status and reputation buy a car
  • 00:15:11
    that you can afford preferably in cash
  • 00:15:13
    unless you can get a really low interest
  • 00:15:15
    rate then drive it into the ground
  • 00:15:17
    Sports and political paraphernalia
  • 00:15:19
    licensed sports merchandise is a $33
  • 00:15:21
    billion market and at $130 for a water
  • 00:15:24
    down version of your favorite NFL
  • 00:15:25
    players Jersey kind of makes sense I
  • 00:15:27
    mean that's a lot of money for an
  • 00:15:28
    oversiz polyester t-shirt you're going
  • 00:15:30
    to wear five times a year people spend a
  • 00:15:32
    ton of money on Sports and political
  • 00:15:34
    paraphernalia and memorabilia now I can
  • 00:15:37
    understand paying to go see a game or to
  • 00:15:38
    watch sports at home although it's not
  • 00:15:40
    how I choose to spend my time buying all
  • 00:15:42
    the merch I just don't get it right now
  • 00:15:44
    the average American has
  • 00:15:46
    $867 of credit card debt how is anyone
  • 00:15:49
    affording $130 jerseys the answer of
  • 00:15:52
    course is they're not that Jersey is
  • 00:15:53
    just getting them deeper into debt you
  • 00:15:55
    can still be a good fan without all the
  • 00:15:57
    trappings you know trust me your players
  • 00:15:59
    and coaches and managers and stadiums
  • 00:16:01
    they're making enough money and same
  • 00:16:02
    goes for political merch which honestly
  • 00:16:04
    is even worse because at least sports
  • 00:16:05
    are fun monthly subscription boxes
  • 00:16:07
    there's a subscription box for literally
  • 00:16:09
    everything if you're prepping for the
  • 00:16:11
    nuclear apocalypse there's a box for
  • 00:16:13
    that are you a quirky old cat lady
  • 00:16:15
    there's a box for that too as if we all
  • 00:16:17
    didn't have enough stuff in our lives
  • 00:16:18
    already in my opinion the only
  • 00:16:20
    subscriptions that make sense are for
  • 00:16:22
    perishable items like razors or meal
  • 00:16:24
    kits but even then it's often cheaper to
  • 00:16:26
    just buy the exact thing you want in the
  • 00:16:28
    right amount from a store or online and
  • 00:16:30
    if you're thinking that these Niche
  • 00:16:31
    subscription boxes might make for good
  • 00:16:33
    holiday gifts I'd urge you to think a
  • 00:16:35
    little harder about what your special
  • 00:16:37
    somebody might really want something
  • 00:16:38
    that's not just going to clutter up
  • 00:16:40
    their house and end up in a storage unit
  • 00:16:41
    energy drinks if you want caffeine just
  • 00:16:44
    drink a cup of coffee energy drinks are
  • 00:16:46
    loaded with a bunch of chemicals that
  • 00:16:47
    don't actually do anything even worse
  • 00:16:49
    many of them have loads of sugar
  • 00:16:51
    sometimes an entire day's worth of sugar
  • 00:16:53
    in one can and the sugar-free options
  • 00:16:54
    have lots of artificial sweeteners like
  • 00:16:56
    aspartame which are addictive and
  • 00:16:58
    possibly harmful in other ways I can see
  • 00:17:00
    using energy drinks in very specific
  • 00:17:02
    situations like for a pre-workout boost
  • 00:17:04
    but to stay up late gaming come on plus
  • 00:17:06
    if you do need a pre-workout boost
  • 00:17:08
    coffee works just as well for that it's
  • 00:17:10
    also safe cheap low calorie even if you
  • 00:17:12
    put some cream in it energy drinks are a
  • 00:17:14
    big business that's why there are so
  • 00:17:16
    many different brands they're so
  • 00:17:17
    aggressive with their marketing always
  • 00:17:19
    Shilling these dubious health benefits
  • 00:17:21
    now they're even targeting kids which is
  • 00:17:22
    crazy save your money just make a cup of
  • 00:17:24
    coffee at home or just stop drinking
  • 00:17:26
    caffeine entirely designer clothes and
  • 00:17:28
    accessories paying a crazy markup for
  • 00:17:30
    brand name clothing and accessories is
  • 00:17:32
    totally irrational don't get me wrong
  • 00:17:34
    you often get what you pay for when it
  • 00:17:35
    comes to clothing like a $40 pumac
  • 00:17:37
    cotton t-shirt is going to be way better
  • 00:17:39
    than the $5 synthetic blend that you
  • 00:17:41
    find on teu but there's a point of
  • 00:17:43
    diminishing returns and most designer
  • 00:17:45
    luxury Brands exist way beyond that
  • 00:17:47
    point think about like Supreme hoodies
  • 00:17:49
    or Gucci handbags or Golden Goose
  • 00:17:51
    sneakers sure they're probably made with
  • 00:17:53
    high quality materials but that's really
  • 00:17:55
    not what people are paying for these
  • 00:17:56
    goods are marked up Way Beyond industry
  • 00:17:58
    standards simply because of the hype see
  • 00:18:00
    these designer brands are Masters at
  • 00:18:01
    creating false scarcity dropping limited
  • 00:18:03
    numbers of special edition products and
  • 00:18:05
    then using endorsement marketing like
  • 00:18:07
    paying celebrities and influencers to be
  • 00:18:09
    seen wearing the brand to create desire
  • 00:18:11
    for these products and it works us
  • 00:18:13
    humans are simple creatures were easily
  • 00:18:15
    duped but the truth is paying $200 for a
  • 00:18:18
    supreme hoodie or $1,000 for a Gucci
  • 00:18:20
    handbag is just dumb these are
  • 00:18:22
    depreciating assets Mass manufactured in
  • 00:18:24
    the same factories that regular brands
  • 00:18:26
    are using and despite the clever
  • 00:18:27
    marketing they're really just thinly
  • 00:18:29
    veiled status symbols I say spend money
  • 00:18:31
    on quality but try to be agnostic to
  • 00:18:33
    Brands and logos disposable Fashion on
  • 00:18:36
    the other end of the spectrum we have
  • 00:18:37
    fast disposable fashion this is even
  • 00:18:39
    worse than designer fashion because
  • 00:18:41
    despite the crazy markups luxury
  • 00:18:43
    products will probably last a long time
  • 00:18:44
    if you treat them well in contrast the
  • 00:18:46
    clothes that you buy from teu and shine
  • 00:18:48
    and Forever 21 are only going to last
  • 00:18:50
    one or two years before needing to be
  • 00:18:52
    replaced it's helpful to think about
  • 00:18:53
    clothing and accessories in terms of
  • 00:18:55
    cost per wear or cost per use like if
  • 00:18:57
    you buy a $20 genuine leather belt and
  • 00:19:00
    it starts cracking after say 50 Wares
  • 00:19:03
    that belt actually cost you 40 cents per
  • 00:19:05
    wear but if you buy a $100 full grain
  • 00:19:07
    leather belt and it lasts you for 10
  • 00:19:10
    years or 1,500 Wares that belt actually
  • 00:19:12
    cost you6 cents per wear plus you'll
  • 00:19:14
    enjoy it more it's just a better belt
  • 00:19:16
    it'll look better and feel better and it
  • 00:19:18
    was probably produced in a more ethical
  • 00:19:19
    way buy less buy better so that's my
  • 00:19:22
    list I want to thank geology again for
  • 00:19:24
    supporting the channel by sponsoring
  • 00:19:25
    this video definitely go check them out
  • 00:19:27
    links Below in the description I love
  • 00:19:28
    I'd love to hear from you do you agree
  • 00:19:30
    or disagree with my list what are some
  • 00:19:31
    other things that people waste money on
  • 00:19:33
    let me know in the comments thank you as
  • 00:19:34
    always for watching and until next time
  • 00:19:36
    stay stylish
الوسوم
  • money
  • waste
  • purchases
  • supplements
  • beauty products
  • art
  • bottled water
  • luxury
  • consumption