This video discusses several financial decisions to avoid in your 20s. The speaker emphasizes the importance of making thoughtful financial choices. They discourage spending on business class and first-class flights unless necessary for business purposes, caution against bottle service in nightclubs, advise against splurging on expensive TVs, warn against subscribing to OnlyFans, discourage buying expensive jewelry, and recommend staying away from crypto or gambling signal groups due to the risk involved in these investments.
Key Facts:
1. The speaker budgets 2.5 million dollars a year for personal spending.
2. The speaker has a rule to spend 20 to 30 percent of their income, which may increase as they get older.
3. Business class and first-class flights are advised against, especially for personal travel.
4. The speaker criticizes spending on bottle service in clubs, highlighting its financial and social inefficiency.
5. Owning an expensive TV is discouraged, emphasizing the diminishing value and potential distraction.
6. Spending on OnlyFans is criticized, with the speaker highlighting its negative implications and lack of real connection.
7. Buying expensive jewelry is discouraged due to immediate depreciation.
8. Crypto and gambling signal groups are cautioned against due to the risk of significant financial loss.