6 Money Traps to Avoid in Your 30s | Phil Town

These money traps are dangerous! Can you think of other money traps we can avoid? Looking for away to avoid these and other sticky financial situations, try out my free Financial Success Planner here: http://bit.ly/2QPU4cL

Love the tips. Do you have any idea on where to invest (company's, stock..etc) for beginners. thank you.

Thank you for this video, great content, I have subscribed and sent the link to all my friends and colleagues!

No. 4?

I didn't fall in most of these traps, but, being a 42-year old I regret not investing 10% percent of my paycheck when I was younger. I have just learned about financial education a year ago. I'm nice, I never had debts or loans, I control my budget now, but I still think that it's too for a guy who lives in Brazil to make a great amount of money for retirement.

1. Dont buy fancy cars

2. Don't buy big houses

3. Don't go to clubs and restaurants

4. Stay away from hoes / giggalos who want to spend your money

5. Don't take credit cards. Use Secured Credit Cards to build credit.

6. Try to look for safe ways to invest as soon as you can in your thirties.

Divorce. No faster way to wipe out half of your earnings. Alimony and child support

I waited 5 years after my first paycheck to seriously start investing in something!

yeap…want to get rich quick scheme…some topic about this…

Credit cards I cant seem to get out of them

The 4th phrase was hallirious hahahahah

The price you pay for having things you can not afford is interest.

Thank you Mr. Phil! 🙂 people like you should be watched often by young adults these days. And by the way, I like number 6 the most ?

#4 really gets you

I got a 4 year old Silverado thought I had a great deal… gm certified and all
. 4 months later paint peeling off like dead skin now I'm tryna find a way to get out of it. Gonna get it painted pay a chunk down on the loan payment and trade it in for a Camry fuck it.. still gonna put some subs in it though

"nobody cares what car you drive" I bought my car for 600$, had it for 7 months so far. all because the previous owner was embarrassed driving it because it's literally falling apart look wise, but runs like a beauty :')

IT's easy to get impatient, see others living on credit, and think that's reality! I just remind myself that $100 per month @ 8% over 40 years is over $330k! It all adds up…unless you spend it.

Glad to know I haven't fallen into any one of these traps!

Really enjoyable to watch you giving solid life advices to us. Keep rocking Uncle Phil!

Thank you for this video, I’m 28 so I’ll be keeping these traps in my head as I approach the big 30

Buying a Mercedes whether old or new is a money trap. Where’s Scotty Kilmer at!?

Just finished my 30's. Easy to say hard to do…does anyone not fall into all of these traps? Live and learn.

Avoid marriage, go MGTOW. Don't risk your assets just to have the privilege of looking after a lazy, manipulative house pet. You know that old saying? Every Man for himself ?????

Sorry but i like my car, whats pleasures in this life?

Am 31, employed, living from hand to mouth. (totally single) wish I can know what to invest in…. ?

house? old house turn into homestay add just room for your privacy to turn into asset☺

4.

Thanks for teaching us what was never taught in school.

You’re the man, Phil.

I'm 25 and I want to start my financial freedom

all gold

Agree with buying an expensive new car. Especially these days where cars are so reliable and rust is almost unknown. Even if you're not earning much money you can buy a ten year old car that has 100k miles on it but still drives perfectly, has all the aircon, electric windows, hifi etc on it for a couple of thousand and it will last for years with basic maintenance. And if it blows up? Buy another for a couple of thousand and you'll still be far better off than buying a brand new expensive car and be paying a couple of thousand every month.
However, I would also add, don't buy a macbook because it's got the shiny Apple logo on it when a Windows laptop or Surface will cost less and do more.

"Don't spend money until it's in your pocket" -Mom

Ex: don't spend your money at Christmas as if you already got your tax returns

Pets are huge money pits. Loveable and Fantastic companions but they cost a lot. A lot a lot.