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I was 42 when I purchased my first new vehicle. Toyota was offering 0% with no money down on a 2021 Tundra so I got a new one and I didn't have to pull any cash away from investments. Great vid Mark, as always!
Hi Brian, sounds like a good buy just before the inflation hit as well, probably the best time you could have ever purchased a new car ! Thanks buddy MT 😎
New vs used is interesting in America. Used cars here have ridiculous value and some brands/models don't depreciate as much. It helps to be flexible when looking for a car.
Love this vlog great advice, I am in my 50s now and I have never taken out these extended warranties, they are just a mechanism for the sales team to earn extra commissions for doing very little . I only bought my first car on finance, never again. I was made redundant so felt financially vulnerable. So from then on I saved up ,then purchased my cars thereafter.
I think Passion Purchases can be called Emotional Purchases, which can cover a lot of other unnecessary spending like eating out regularly or expensive gifts (most of the time, all our purchases based on emotions and not rationality).
The passion purchases part is said so well. I'm a passionate surfer and surfboards are insanely expensive. I decided to learn how to make my own instead which saves me about $400-600 per board and I am working on turning it into a business. Enjoy your passions, but there's usually a way to make it lucrative
You can't make it lucrative anymore all money is fake. It has been since 1971. You're working for devalued ones and zeros only, there's nothing real. So keep faking yourself out. Gold, silver, copper, diamonds, whatever all worthless. Is good for Tech, but that's it. The FED has you by the balls and what are you going to do about it.? If you believe there are millionaires and billionaires, then you're doing yourself a Injustice of reality. For you are a speck of dust sitting upon a speck of dust within a giant ball of dust. Now that's the reality of things. So stop wasting your time with this fake money stuff and get on with living. Age 64.
Hi Mark, great content as always. I was hoping you could do a video discussing the market situation as of lately, it seems that it just keeps going down. Is it good time to buy (to get a dollar cost average, or buy new stock), what are your thoughts? What will happen in near future? Etc. Thanks!
Don’t get too bullish yet it’s only going to continue dropping and when it does be ready to swoop in and buy what you want at lower prices before it shoots back up
Please forgive me .... Breaking off point here for a bit .. but at 7:50 your stock footage is of Pattaya, Thailand but looks way back in the day! the building you see being built is nicknamed the ghost tower lol ... Pattaya is my second home so when I see it my face lights up ... its a long story but I hope with a lot of hard work and some smart choices I will get to call Thailand my home full time before I am 50 :) Looking forward to seeing more of you videos :)
This is a well made video. The progress bar visual effect on the chapter captions in the bottom right corner is very helpful for people who want to skip to the next part if they feel they've already understood your point.
Awesome tips. As an entrepreneur who’s done these things for nearly a decade, ppl ask how u get rich and it’s honestly down to the simplest way things.
I have only bought new cars. First one I drove for 24 years. The second for 15 years. Bought the third one a month ago with cash, as I did with the first two. I save my money until I can afford the one that I want. I never bought the extended warranty though. Never had any mechanical failures, other than minor things that I fixed myself.
Hi Mark. Was wondering if you could go through a step but step guide for buying the best Index funds in the UK? Don’t know where to get started with them!
„I am just enjoying, sharing what I have learn through the years“ I am so happy to hear such sentance. Just found the channel - subed. I hope you stay behind the meaning :)
As a an Indian Financial Knowledge is not taught as a part of school curriculum , many of my classmates dont even know about stocks (btw i am in 7th Grade , 13 y/o) so you are doing a great work by teaching people about personal finance, and educating people so love you 😀😀👍
This man is basically what influencers should be Mark we love you sir make content like this we will show you even more support... I am 13 year old btw
I feel #2 is not 100% correct right now. Used cars are very expensive at the moment and in some cases I feel it'd be better to buy a new vehicle is you can get your hands on one that is.
Hi Mark, first of all I must compliment you on the amazing content you are creating to help a new generation managing their money better. Secondly I have a question regarding the platforms you are working together with to motivate people into the stockmarket. Can you also cooperate with a few European based companies? This will help not only me, but also the European youth. Can't wait to hear your respons.
Hi, I am working on a recommendation for Europe at the moment but I need to do lots of due diligence as I will only recommend a platform that I would be happy to use. Thanks for watching MT 😎
Hey Mark! Love your content! You have sold me on investing, really taught me a lot, and I just made my first deposit into the S&P 500! Now, I was scared out of my mind, but the process was super simple, and easy! Keep it coming and thank you for what you do! Aged 27 and am glad to have finally started the journey!!
Yah I’ve been investing into S&P 500 for about 6 months and currently £200 after the January dip 🤦🏼♂️, but we have to keep going and I’ll still be investing every month. In it for the long game 💪🏼 Edit: I’m actually down £350 now, was £200 just 2 days ago
Exactly! I am in it for the long term and am currently trying to figure out ways of getting extra income, reading books to become more financially literate, and hopefully have a better mindset and outlook on money and life! I come from a broke household, so I want to do better for myself!
I'm actually in debt for getting a new car back in 2018. The reason I bought one is because I got scammed by buying a used truck 2 years before that turned out to have a fake Title, broke down on me the next day, and I found out it was a stolen vehicle while the guy who sold it to me changed his number. There was literally sand in the motor and I know nothing about mechanics besides changing oil and tires so I didn't want to get some junker that would just break down on me every month and I'd end up spending more money in repairs than I would in getting a new car. However, that was also a mistake because I was homeless and a friend was living with me and guilt tripping me into giving him money because we were in the same boat (besides the fact that I owned the car), and he ended up blowing everything on drugs while convincing me to continue helping him since he's been through a lot more BS than I have (or so I thought since I later found out he was a compulsive liar). Long story short, that was my fault ultimately but all my money that should've been going towards my car went into his veins and false promises due to the fact I kept giving him chances and he made me feel like a complete dirtbag if I didn't help him. Anyways, he crashed my car while I was asleep in the passenger seat, it got towed when I didn't have money to reclaim it, and I've been struggling to pay it off over the past few years while I literally don't even have a car. People tell me I should file for bankruptcy but that will effect me for the next 8 years. In any case, I'm just explaining that buying a junker was a bad idea but also I'm not so sure I was sold a good deal on a car because even though it was pretty cheap for a new car, the long term repairs would've been insane due to the amount of electronics in the car.
your videos are refreshing Mark. I strongly believe getting rich is achievable for most people if they do a lot of small things over a long period of time. Work hard, save & invest your money and avoid silly purchases and I think most people would be shocked where they can get to over 20 years.
Yeah my sister buys a lot of small things cuz she says she can't buy expensive things but i calculated and i found out she could buy a car with those money for those small things
I've been talking to my friends and family about moving out of my expensive state and down to West Virginia where my money will be worth something so i can finally start my life. I also had an edible last night for the first time in months. Everytime I do this after long periods of time, I tend to freak out when my brain starts focusing on all the things I've been ignoring or putting off. So it hit me pretty hard when I realized that since Covid hit, really since late 2019 in general, I've forgotten how to make friends. I've been off of Facebook, I don't use social media, and I've thrown myself into my job. The friends I do have, are growing apart in isolation, and it's dawning on me that I've lost the social skills that used to come naturally to me, and I'm terrified of interacting with new people because in so rusty. If I can't even make friends up in my home town, how can I expect to do the same in a brand new City, in a state a thousand miles away? If I can't budget my money well now, how can I expect myself to afford a house and all its costs? I haven't adapted to the changing social world either. I reject social media, but I'm not exactly trying to find alternatives, so who am I helping? I'm trying to save my money, but clearly what I'm doing isn't working. I'm realizing I still have a lot left I have to learn and figure out.
Interesting how you brought up passion projects. I’m really into photography and looking back on all the lenses and bodies I don’t use now makes me really cringe how much I could’ve strategized in getting the right gear, having a budget, sticking to the budget, or finding second hand items. Thanks for the video, love it!
I invested last year in Sumworks when it was 0.95$ and it pumped towards 20.00$ and sold it at 18.00$ and now its around 2.00$ so lucky to get out in time!
05:23 I eat out regularly 350+ days a year because I can afford it. I still have a positive cashflow each month - and I am, and have always been 100% debtfree. Eating out regularly is a great time-saver for me. On the other hand; I live in a tiny cheap rental-appartment and I don't own/drive a car. It's all about what you prioritize. Not each and every saving have to be about money. Saving time is also of beneficial value. Just saying.
Agree with everything here. I see family members who go out to eat every day if not twice a day, and stay broke. I drove a 92 Geo Tracker POS for years that burned oil. Here is another rule - DON'T COUNT YOUR MONEY IN PUBLIC!!!!! And this does not mean math counting.
Funny enough I learned a lot of my financial skills from video games, they taught me to use finite items sparingly, only get items I will absolutely use (don’t over-prepare), save earned materials for when you actually need it and prioritize items that will help you progress further (not look cooler).
Along with new cars, let me add all "fake it til you make it" items to that list. Clothes, shoes, jewelry, watches, etc. I'm 36, couple million net worth, only jewelry I own is a wedding ring. No watch (phones have them built in!). I buy decent clothes and shoes for comfort and durability but couldn't care less about brand name. Bought my truck with 8k miles on it and got 30% off what a new one cost! It was paid for when I drove it off the lot. I like to sell a vehicle well before 200k miles so I still get a decent amount of my money back and repeat. House is paid for. Mark is right!
I'm not rich or anything but I've managed to be smart with my money. I've told people the exact point about new cars but they dismiss it because they just want the clout and something to post on social media. Ridiculous!
I don't think I heard you mention cigarettes... if you are smoking a pack a day for 8 dollars+ A pack your spending about 3000 dollars a year... x 10 years = $30,000.00 up in smoke. I spent a lot of time partying in my youth, I wish that I knew someone like you back then.
Extended warranty isn't always a bad thing, it depends on the type of item. For example, if you can get extended warranty on a car (especially on a used one) at a reasonable cost it is more like insurance and can save you money in a long term. In my experience - I got all my warranty claims on a car in it's 4th and 5th year of use, but initial warranty would cover only first 3 and I did save a lot by opting for a 5 year warranty.
Mark: “ I have never spent more than I can afford on gifts “ Mark: “ my wife needed a good car and I purchased it from stock returns I had that year, using my passive income “ The lessons are to invest when you are young and use those benefits when you are older. It’s all in the video. Thanks for watching MT 😎
Awesome advise, thank you Sir. my believe to buying a new car is this - "hey everyone, check out my new wheels" ; its not your wheels buddie, its the banks 😄. You just pay a monthly "levy" to the bank to drive it and only get the ownership documents once its paid off...at least that`s how it works in South Africa.. I bought a second hand model cash through saving and fixed it up little by little... Takes me everywhere, same as that top expensive car.....
I literally do NONE of these, and I'm pretty comfortable financially. So much so that I'm loosing my job at the end of Feb, and I'm not worried at all.
Hello Mark! I watch all of your videos and shorts and they are teaching me quite a lot!!! As a 12 year old, how much pocket money which I get etc should I keep as savings or emergency funds for the future? I currently keep around 5 to 10 dollars in my savings box monthly. Any advice? Thanks so much!
Good advices, though I'm doing this since my 18th birthday, now I'm 26 and I work 10hrs per day. I certainly don't struggle with money, but this didn't get me rich at all. What I mean is that the video is gold, the title is just bait.
If you have cash, buy a car on PCP to get the big discounts that the dealers offer for finance and then pay the PCP finance off within the first month! Done that on 3 new cars now and saved over £6K. Also, get a credit card, pay it off every month so you don't pay any interest. You get the benefit of credit card protection, insurance and most give you loyalty points (convert t cash benefits) for ever £1 you spent on your card. Make these schemes work for you ... but stay away from interest payments, that's just throwing money away. Pay mortgages off as early as you can. That can save you £10's of thousands over the full term.
Thanks for the vid. Yeah, I hate the software subscription model, which is why I look for and use alternatives to those big company subscription rip-offs. I use Linux instead of Windows, and if I want to support the developers, of the programs, I'll send them a donation.
New cars can be good financially if you buy one you can afford and hold it for 10 years. The depreciation may only be 40 quid a week. It’s the people who sell cars after 2 or 3 years that cause huge depreciation amounts per year.
As a kid at 13, I watch your videos and take notes and the thing is, is that this one time a person found out that I actually wanted to be successful and just said “why are you focusing on this?” Do you think I’m too young? I know someone is gonna say it’s too young in the comments, but I’d really like to hear your opinion, thanks.
Hi, learn everything you can, financial awareness should be a lesson in school before you leave so the more you learn the better. Thanks for watching MT 😎
I've got to stop ordering takeout as I've been getting way too much, but I'm not spending on everything else on this list. So If I can cut down there, I'll be in good shape
I know that eating out or other social activities are expensive and sometime unecessary, but in this case I think it is not all about money. I completely agree with the others point you made and in fact I learned to follow them. For the eating out part, well, it is good to spend time out with your friend and let me tell you, I have the passion for cooking as well and sometimes when I invite everyone over it costs more than going out xD.
Same for me. I almost spend nothing on clothes, use phones for like 5 years, bought used car for under 10k with cash and so on. But eating out is a luxury I take. Nothing beats going out into the city on lunch with colleagues and eat something really nice, rather than leftovers from yesterday in the office building.
Buying a used car is buying someone else's problems. Buying a new car is a great investment. Simply plan on keeping the car as long as possible. I am on my second car in 31 years and my current 17-year car is still going strong.
Hi Mark! I am a student from Austria, have started investing in recent years and I am highly motivated to become wealthy myself. Thank you for your great videos and for always motivating me!
I agree with the Extended Warranty with the exception of buying a laptop. Always get AppleCare if you're buying a MacBook Pro. It's paid itself many times over on each MacBook Pro I've owned.
And btw if your Reading this im currently New in the crypto market and i would love it if you could give us Some Little advice in what coin we Should invest❤️❤️❤️🙌🏻
Invest using your family when giving gifts. I never give a gift that I can't inherit upon their death or down the road, it is also something that cannot become outdated.
Wealth doesn't buy happiness. Because it isn't for sale. ( Mark, I try avoiding most of the things you mentioned ) New Rule. Don't save money for your family when they wouldn't appreciate it anyway. You worked hard & are going to retire? .. Go eat - buy a car - rent a hotel room - get into a hobby - travel overseas. I took a trip to Arizona. The memories gained were better than a bigger bank balance.
Not about the bigger bank balance. It's about financial freedom gained from accruing wealth generating assets. Assets that can pay for vacations many times over instead of you working to pay for that vacation out of your paycheck. Wealth isn't your taxable income or what you save in the bank. Your wealth is the sum total of assets (stocks, bonds, municipals, real estate, etc) that generate cashflow when you aren't actively working. People who are legit wealthy pay for things like vacations with money gained from investment vehicles instead of working to waste money on the vacation in and of itself.
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As a GEN Z I love this guy. He is like the uncle I’ve never had that teaches me good advice. Not only about finances, but life in general. Thank you!
same
Is this a paid comment?
Same..
He says Gen Z with pride looool
He is your father
People who call you a boomer are idiots . You're a great old wise man who is helping people with his knowledge . Great work as always
Hi Arnav, I don’t mind, if you guys can learn anything good from my videos I am a happy guy. Thanks for watching MT 😎
this man is hilarious
I was 42 when I purchased my first new vehicle. Toyota was offering 0% with no money down on a 2021 Tundra so I got a new one and I didn't have to pull any cash away from investments. Great vid Mark, as always!
Hi Brian, sounds like a good buy just before the inflation hit as well, probably the best time you could have ever purchased a new car ! Thanks buddy MT 😎
Toyota getting desperate. EV revolution is hitting the OEM's hard.
New vs used is interesting in America. Used cars here have ridiculous value and some brands/models don't depreciate as much. It helps to be flexible when looking for a car.
I love this guy. He tells us the stuff we need to hear whether they like it or not, all for free. Thanks, man.
“Free” with sponsor laden content.
Love this vlog great advice, I am in my 50s now and I have never taken out these extended warranties, they are just a mechanism for the sales team to earn extra commissions for doing very little . I only bought my first car on finance, never again. I was made redundant so felt financially vulnerable. So from then on I saved up ,then purchased my cars thereafter.
I think Passion Purchases can be called Emotional Purchases, which can cover a lot of other unnecessary spending like eating out regularly or expensive gifts (most of the time, all our purchases based on emotions and not rationality).
The passion purchases part is said so well. I'm a passionate surfer and surfboards are insanely expensive. I decided to learn how to make my own instead which saves me about $400-600 per board and I am working on turning it into a business. Enjoy your passions, but there's usually a way to make it lucrative
Youre like the chicken from surfs up
I wish I could do the same with bikes.
You can't make it lucrative anymore all money is fake. It has been since 1971. You're working for devalued ones and zeros only, there's nothing real. So keep faking yourself out. Gold, silver, copper, diamonds, whatever all worthless. Is good for Tech, but that's it.
The FED has you by the balls and what are you going to do about it.?
If you believe there are millionaires and billionaires, then you're doing yourself a Injustice of reality. For you are a speck of dust sitting upon a speck of dust within a giant ball of dust. Now that's the reality of things. So stop wasting your time with this fake money stuff and get on with living. Age 64.
Hi Mark, great content as always. I was hoping you could do a video discussing the market situation as of lately, it seems that it just keeps going down. Is it good time to buy (to get a dollar cost average, or buy new stock), what are your thoughts? What will happen in near future? Etc. Thanks!
Hi Richard, I see times like this a bit like the January sales and continue to buy in every month. Thanks for watching MT 😎
Don’t get too bullish yet it’s only going to continue dropping and when it does be ready to swoop in and buy what you want at lower prices before it shoots back up
I like the “status bar” for each point, let’s me skip past the ones I already know about 👍
Please forgive me .... Breaking off point here for a bit .. but at 7:50 your stock footage is of Pattaya, Thailand but looks way back in the day! the building you see being built is nicknamed the ghost tower lol ... Pattaya is my second home so when I see it my face lights up ... its a long story but I hope with a lot of hard work and some smart choices I will get to call Thailand my home full time before I am 50 :) Looking forward to seeing more of you videos :)
This is a well made video. The progress bar visual effect on the chapter captions in the bottom right corner is very helpful for people who want to skip to the next part if they feel they've already understood your point.
Awesome tips. As an entrepreneur who’s done these things for nearly a decade, ppl ask how u get rich and it’s honestly down to the simplest way things.
I have only bought new cars. First one I drove for 24 years. The second for 15 years. Bought the third one a month ago with cash, as I did with the first two. I save my money until I can afford the one that I want. I never bought the extended warranty though. Never had any mechanical failures, other than minor things that I fixed myself.
Salesperson: “Are you SUREE you don’t want an extended warranty??” 🧐
Hey Mark I am 12 year old and I am hooked and love your videos. Keep making awesome videos I already started on investing.
Hi Phoenix, great job 👏 many more videos to come ! Thanks MT 😎
Hi Mark. Was wondering if you could go through a step but step guide for buying the best Index funds in the UK? Don’t know where to get started with them!
„I am just enjoying, sharing what I have learn through the years“ I am so happy to hear such sentance. Just found the channel - subed. I hope you stay behind the meaning :)
As a an Indian Financial Knowledge is not taught as a part of school curriculum , many of my classmates dont even know about stocks (btw i am in 7th Grade , 13 y/o) so you are doing a great work by teaching people about personal finance, and educating people so love you 😀😀👍
You are still so young, You are on the right path. I whish I had info like this when I was younger. I might be somewhere else today.
Financial knowledge isn't really taught in most school curriculums like they used to
You are 100% correct.. Robert Kiyosaki has been saying this for years ...
Same bruh I'm just in 10th i did start at your age
This man is basically what influencers should be Mark we love you sir make content like this we will show you even more support... I am 13 year old btw
Hi, thanks for your support, I have so many more video ideas do more to come. Thanks buddy MT 😎
I feel #2 is not 100% correct right now. Used cars are very expensive at the moment and in some cases I feel it'd be better to buy a new vehicle is you can get your hands on one that is.
Hi Mark, first of all I must compliment you on the amazing content you are creating to help a new generation managing their money better. Secondly I have a question regarding the platforms you are working together with to motivate people into the stockmarket. Can you also cooperate with a few European based companies? This will help not only me, but also the European youth. Can't wait to hear your respons.
Hi, I am working on a recommendation for Europe at the moment but I need to do lots of due diligence as I will only recommend a platform that I would be happy to use. Thanks for watching MT 😎
Hey Mark! Love your content! You have sold me on investing, really taught me a lot, and I just made my first deposit into the S&P 500! Now, I was scared out of my mind, but the process was super simple, and easy! Keep it coming and thank you for what you do! Aged 27 and am glad to have finally started the journey!!
The market may be in for a dip (It's been going down since early january. Dont let it scare you! These things happen!
Yah I’ve been investing into S&P 500 for about 6 months and currently £200 after the January dip 🤦🏼♂️, but we have to keep going and I’ll still be investing every month. In it for the long game 💪🏼
Edit: I’m actually down £350 now, was £200 just 2 days ago
Exactly! I am in it for the long term and am currently trying to figure out ways of getting extra income, reading books to become more financially literate, and hopefully have a better mindset and outlook on money and life! I come from a broke household, so I want to do better for myself!
Number 8 I have subscriptions for Netflix, Disney+ & Spotify which usually would cost me £30+ but easy to just share it with others and half the cost.
I really like the animated time stamps in the video. Nice touch :)
I'm actually in debt for getting a new car back in 2018. The reason I bought one is because I got scammed by buying a used truck 2 years before that turned out to have a fake Title, broke down on me the next day, and I found out it was a stolen vehicle while the guy who sold it to me changed his number. There was literally sand in the motor and I know nothing about mechanics besides changing oil and tires so I didn't want to get some junker that would just break down on me every month and I'd end up spending more money in repairs than I would in getting a new car. However, that was also a mistake because I was homeless and a friend was living with me and guilt tripping me into giving him money because we were in the same boat (besides the fact that I owned the car), and he ended up blowing everything on drugs while convincing me to continue helping him since he's been through a lot more BS than I have (or so I thought since I later found out he was a compulsive liar). Long story short, that was my fault ultimately but all my money that should've been going towards my car went into his veins and false promises due to the fact I kept giving him chances and he made me feel like a complete dirtbag if I didn't help him. Anyways, he crashed my car while I was asleep in the passenger seat, it got towed when I didn't have money to reclaim it, and I've been struggling to pay it off over the past few years while I literally don't even have a car. People tell me I should file for bankruptcy but that will effect me for the next 8 years. In any case, I'm just explaining that buying a junker was a bad idea but also I'm not so sure I was sold a good deal on a car because even though it was pretty cheap for a new car, the long term repairs would've been insane due to the amount of electronics in the car.
Great job Mark! Kudos
Definitely gonna get a used car soon, can you do a video on that?
This video should go viral. All of your videos should go viral. Your tiktok changed my perspective and mindset. Thank you
your videos are refreshing Mark. I strongly believe getting rich is achievable for most people if they do a lot of small things over a long period of time. Work hard, save & invest your money and avoid silly purchases and I think most people would be shocked where they can get to over 20 years.
Hi Jeremy, the more people that can hear this the better. Thanks for watching MT 😎
Yeah my sister buys a lot of small things cuz she says she can't buy expensive things but i calculated and i found out she could buy a car with those money for those small things
My last four cars were cash buys. I also tend to keep my cars for years.
I've been talking to my friends and family about moving out of my expensive state and down to West Virginia where my money will be worth something so i can finally start my life.
I also had an edible last night for the first time in months. Everytime I do this after long periods of time, I tend to freak out when my brain starts focusing on all the things I've been ignoring or putting off. So it hit me pretty hard when I realized that since Covid hit, really since late 2019 in general, I've forgotten how to make friends.
I've been off of Facebook, I don't use social media, and I've thrown myself into my job. The friends I do have, are growing apart in isolation, and it's dawning on me that I've lost the social skills that used to come naturally to me, and I'm terrified of interacting with new people because in so rusty. If I can't even make friends up in my home town, how can I expect to do the same in a brand new City, in a state a thousand miles away? If I can't budget my money well now, how can I expect myself to afford a house and all its costs? I haven't adapted to the changing social world either. I reject social media, but I'm not exactly trying to find alternatives, so who am I helping?
I'm trying to save my money, but clearly what I'm doing isn't working. I'm realizing I still have a lot left I have to learn and figure out.
Interesting how you brought up passion projects. I’m really into photography and looking back on all the lenses and bodies I don’t use now makes me really cringe how much I could’ve strategized in getting the right gear, having a budget, sticking to the budget, or finding second hand items. Thanks for the video, love it!
I’m 14 but I will still watch these with great interest and learning intentions
I invested last year in Sumworks when it was 0.95$ and it pumped towards 20.00$ and sold it at 18.00$ and now its around 2.00$ so lucky to get out in time!
I went ahead and smashed that like button Mark.
Yup, buying a new car is by far one of the worst investments. I see so many people on government programs driving around in brand new cars.
Agree... should have stopped when I bought my first Car... still regret it till this day.
05:23 I eat out regularly 350+ days a year because I can afford it. I still have a positive cashflow each month - and I am, and have always been 100% debtfree. Eating out regularly is a great time-saver for me. On the other hand; I live in a tiny cheap rental-appartment and I don't own/drive a car.
It's all about what you prioritize. Not each and every saving have to be about money. Saving time is also of beneficial value. Just saying.
Agree
A time saver how long does it take to make dinner ? 30mins so you would spend double the amount of money to save 30mins 😂 . You must be a millionaire
Unneeded subscriptions: always check bank account and credit card statements for unwanted charges
Agree with everything here. I see family members who go out to eat every day if not twice a day, and stay broke. I drove a 92 Geo Tracker POS for years that burned oil. Here is another rule - DON'T COUNT YOUR MONEY IN PUBLIC!!!!! And this does not mean math counting.
Funny enough I learned a lot of my financial skills from video games, they taught me to use finite items sparingly, only get items I will absolutely use (don’t over-prepare), save earned materials for when you actually need it and prioritize items that will help you progress further (not look cooler).
No get rich quick schemes here. Great video!
Along with new cars, let me add all "fake it til you make it" items to that list. Clothes, shoes, jewelry, watches, etc. I'm 36, couple million net worth, only jewelry I own is a wedding ring. No watch (phones have them built in!). I buy decent clothes and shoes for comfort and durability but couldn't care less about brand name. Bought my truck with 8k miles on it and got 30% off what a new one cost! It was paid for when I drove it off the lot. I like to sell a vehicle well before 200k miles so I still get a decent amount of my money back and repeat. House is paid for. Mark is right!
I'm not rich or anything but I've managed to be smart with my money. I've told people the exact point about new cars but they dismiss it because they just want the clout and something to post on social media. Ridiculous!
I don't think I heard you mention cigarettes... if you are smoking a pack a day for 8 dollars+ A pack your spending about 3000 dollars a year... x 10 years = $30,000.00 up in smoke. I spent a lot of time partying in my youth, I wish that I knew someone like you back then.
Hope everybody reading this becomes rich in 2022 :)
My last two cars were used coming off of a lease with 8000 miles.
Extended warranty isn't always a bad thing, it depends on the type of item. For example, if you can get extended warranty on a car (especially on a used one) at a reasonable cost it is more like insurance and can save you money in a long term. In my experience - I got all my warranty claims on a car in it's 4th and 5th year of use, but initial warranty would cover only first 3 and I did save a lot by opting for a 5 year warranty.
I find this man to be quite humorous and thoroughly enjoy watching him.
I just found you from RUclips shorts.
Thanks for sharing your knowledge i really appreciate it.
You and Kiyosaki are my favourites !
Hi, thanks that means a lot to my son and I. Thanks for watching MT 😎
Mark: "I don't like buying expensive gifts."
Also Mark: "I bought my wife a brand new Tesla."
Mark: “ I have never spent more than I can afford on gifts “
Mark: “ my wife needed a good car and I purchased it from stock returns I had that year, using my passive income “
The lessons are to invest when you are young and use those benefits when you are older.
It’s all in the video. Thanks for watching MT 😎
Awesome advise, thank you Sir. my believe to buying a new car is this - "hey everyone, check out my new wheels" ; its not your wheels buddie, its the banks 😄. You just pay a monthly "levy" to the bank to drive it and only get the ownership documents once its paid off...at least that`s how it works in South Africa.. I bought a second hand model cash through saving and fixed it up little by little... Takes me everywhere, same as that top expensive car.....
I literally do NONE of these, and I'm pretty comfortable financially. So much so that I'm loosing my job at the end of Feb, and I'm not worried at all.
Use your time wisely, maybe start your own business 😊
Great video Mark! Can you make a video about nft
What credit cards offer extended Warranty UK on products??
I would be surprised if name any.
Mastercard doesn't
Hello Mark! I watch all of your videos and shorts and they are teaching me quite a lot!!!
As a 12 year old, how much pocket money which I get etc should I keep as savings or emergency funds for the future? I currently keep around 5 to 10 dollars in my savings box monthly. Any advice?
Thanks so much!
You’re doing great at that age !!! Good job
My advice would be to spend the money having fun and enjoy your childhood
My advice is don't save a lot money is money it goes it comes just injoy your childhood trust me time flies
It is so wholesome when your son speaks
Mark on the subject of new cars, its a really bad time to try to only used cars. Right now I don't know if its worth trying to buy used in 2022.
Good advices, though I'm doing this since my 18th birthday, now I'm 26 and I work 10hrs per day.
I certainly don't struggle with money, but this didn't get me rich at all.
What I mean is that the video is gold, the title is just bait.
God bless you, Mark, for those "status bars" for each item on the list.
Don’t think an imaginary sky daddy had anything to do with the status bars.
What about eating out with fish and chips and a big tomato ketchup (from home) ?
Thankyou Mark for your excellent videos.. Very helpful
a rich man once gave me this advice "if it flys, floats or f#@ks rent it don't buy"
Just because you have it in your bank account, doesn't mean you can afford it.
So true.
The worst I've done is dining out and passion projects. Passion projects is not bad but the dining out is a habit I need to kick!
If you have cash, buy a car on PCP to get the big discounts that the dealers offer for finance and then pay the PCP finance off within the first month! Done that on 3 new cars now and saved over £6K. Also, get a credit card, pay it off every month so you don't pay any interest. You get the benefit of credit card protection, insurance and most give you loyalty points (convert t cash benefits) for ever £1 you spent on your card. Make these schemes work for you ... but stay away from interest payments, that's just throwing money away. Pay mortgages off as early as you can. That can save you £10's of thousands over the full term.
Thank you Mark, I'm so poor and you're helping me make better decisions in life.
This guy has an awesome voice. It draws you in and makes you believe every word he says!
Good vids, keep them going ☺️🔥
Love this man
Feel like he would be a great uncle
Haha, thanks man!
hey mark, can you do a video about some of the better credit cards to get at different tiers (i.e. beginner/student to wealthy with high credit score)
Thanks for the vid. Yeah, I hate the software subscription model, which is why I look for and use alternatives to those big company subscription rip-offs. I use Linux instead of Windows, and if I want to support the developers, of the programs, I'll send them a donation.
I'm 18 but I love to watch your videos
The magic bullet bit made me spit out my cereal 😂 good one 😂
New cars can be good financially if you buy one you can afford and hold it for 10 years. The depreciation may only be 40 quid a week. It’s the people who sell cars after 2 or 3 years that cause huge depreciation amounts per year.
lets be honest here, not many people want to keep one car for 10 years. best choice probably is to just go for used car
instead of extended warrently just put the money it would cost in a savings or trade account where you can get it if you need it.
As a kid at 13, I watch your videos and take notes and the thing is, is that this one time a person found out that I actually wanted to be successful and just said “why are you focusing on this?” Do you think I’m too young? I know someone is gonna say it’s too young in the comments, but I’d really like to hear your opinion, thanks.
Hi, learn everything you can, financial awareness should be a lesson in school before you leave so the more you learn the better. Thanks for watching MT 😎
Can someone post the link from 3:40 I want to learn more about this.
thanks mark am just starting out and this advice is gold
Great video Mark! Thank you!
Eating out is ok as long as it occasional. I’m some cases it’s cheaper to eat out than cook at home (if you are cooking quality food not ready meals).
3:31 did he say Flex? Subscribed
I LOVED the wig!
I've got to stop ordering takeout as I've been getting way too much, but I'm not spending on everything else on this list. So If I can cut down there, I'll be in good shape
I know that eating out or other social activities are expensive and sometime unecessary, but in this case I think it is not all about money. I completely agree with the others point you made and in fact I learned to follow them. For the eating out part, well, it is good to spend time out with your friend and let me tell you, I have the passion for cooking as well and sometimes when I invite everyone over it costs more than going out xD.
Same for me. I almost spend nothing on clothes, use phones for like 5 years, bought used car for under 10k with cash and so on. But eating out is a luxury I take. Nothing beats going out into the city on lunch with colleagues and eat something really nice, rather than leftovers from yesterday in the office building.
Agree with both of you on this. The only thing I treat myself to is a weekly take-away. I always ask myself, why do I work if I can't treat myself?
Lovely video this one! Well done Mark! Great stuff!
I love your channel! I feel wiser lol
Buying a used car is buying someone else's problems. Buying a new car is a great investment. Simply plan on keeping the car as long as possible. I am on my second car in 31 years and my current 17-year car is still going strong.
Hi Mark!
I am a student from Austria, have started investing in recent years and I am highly motivated to become wealthy myself. Thank you for your great videos and for always motivating me!
Hey, mark , this time I don't wanna ask something i wanted to let you know you made me believe I will be a millionaire
Hi, good luck my friend . MT 😎
I agree with the Extended Warranty with the exception of buying a laptop. Always get AppleCare if you're buying a MacBook Pro. It's paid itself many times over on each MacBook Pro I've owned.
Man Mark i love you! Through your tips i Made a lot of Money in a Young age and im always happy for more❤️
And btw if your Reading this im currently New in the crypto market and i would love it if you could give us Some Little advice in what coin we Should invest❤️❤️❤️🙌🏻
Hi, I only invest in Bitcoin and ETH when it comes to crypto and it’s so low. Thanks for watching MT 😎
Great simple advice 👍.
Invest using your family when giving gifts. I never give a gift that I can't inherit upon their death or down the road, it is also something that cannot become outdated.
??? That's weird and selfish.
Mark, the link to the free stocks UK is not working, page 404!
Wealth doesn't buy happiness. Because it isn't for sale. ( Mark, I try avoiding most of the things you mentioned )
New Rule. Don't save money for
your family when they wouldn't appreciate it anyway.
You worked hard & are going to retire? .. Go eat - buy a car - rent a hotel room - get into a hobby - travel overseas.
I took a trip to Arizona. The memories gained were better than a bigger bank balance.
Not about the bigger bank balance. It's about financial freedom gained from accruing wealth generating assets. Assets that can pay for vacations many times over instead of you working to pay for that vacation out of your paycheck.
Wealth isn't your taxable income or what you save in the bank. Your wealth is the sum total of assets (stocks, bonds, municipals, real estate, etc) that generate cashflow when you aren't actively working. People who are legit wealthy pay for things like vacations with money gained from investment vehicles instead of working to waste money on the vacation in and of itself.
Great video, fam! X
Hello Mark, what is your take on buying foreign properties? Are they worth it? Overrated?
Hey Mark, love the channel. Was wondering if you could make a video on etfs
Sometimes extended warranty is worth it.. in my case, I needed a turbo replacement which they would have charged me £800 for!
I watch forestry forest. Good Guy, good videos.
Thank you Mark!