Money Mistakes I Made in My Teens – YouTube

Money Mistakes I Made in My Teens



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  • Video Views: 193465
  • Published On: 2022-02-28 21:26:00
  • Video Published/Author: Ali Abdaal
  • Video Duration: 00:16:51
  • Source: Watch on YouTube


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If you want to save more money, pay off your debt faster, and start building a solid financial foundation in your teens, then there are some common mistakes that you really want to make sure you avoid. Here are 5 pieces of advice I would give to my 18-year-old self.

00:00 Intro
00:06 Being late to the investment game
01:56 Spending money on low value things
05:25 Getting stuck in the cheapskate mindset
10:45 Buying things from unreliable sources
13:35 Misjudging the dollar value of my time

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50 comments
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  2. Their firm is absolutely outstanding! He mentioned that I would start seeing progress within 27 days and that is absolutely true. I have to admit I was a little skeptical at first, but after seeing what you were able to do with my credit after only a few months, it is very reassuring. Each time I've had a question I've been answered in a business day. I would sincerely say that MitnickCorp🪐Org conducted business in the utmost professional manner.

  3. I greatly appreciate your honesty and how this worked out for you. I’m trying to learn this and integrate this strategy into my portfolio, just wanna do it right. This helps a lot. Learning what not to do is as valuable as learning what to do, this video provides both but later on I was convinced to try out packages of MitnickCorp🟣Org which have yielded lot more profits.

  4. I greatly appreciate your honesty and how this worked out for you. I’m trying to learn this and integrate this strategy into my portfolio, just wanna do it right. This helps a lot. Learning what not to do is as valuable as learning what to do, this video provides both but later on I was convinced to try out packages of MitnickCorp🟣Org which have yielded lot more profits.

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  6. As an advisor, investor and partner, I'm impressed by the thoroughness and professionalism exhibited by all of principals. In particular, their depth of knowledge in diverse disciplines as construction, operations and asset management is highly advantageous. Their focus, integrity and attention to details make us very comfortable doing business with them

  7. Content creating is the hardest passive income to get into in general. Basically, you have to have the network of an influencer and that takes years (8 in your case). This is great info for aspiring content creators, I would say there are much better ways to make complete passive income through high apy, diverse assets and etc. These are definitely real ways to make passive income and I appreciate your transparency at the beginning of how hard it is to do it. My advice is take a something you're already good at and build on it more or find a capital to start investing with mitnickCorp🟣ORG . If you play an instrument make sound bits, if you write release a book, have an eye for clothes? Thrift and up sale in your own store. You should be making money every minute of your day whether passive or direct.

  8. Content creating is the hardest passive income to get into in general. Basically, you have to have the network of an influencer and that takes years (8 in your case). This is great info for aspiring content creators, I would say there are much better ways to make complete passive income through high apy, diverse assets and etc. These are definitely real ways to make passive income and I appreciate your transparency at the beginning of how hard it is to do it. My advice is take a something you're already good at and build on it more or find a capital to start investing with mitnickCorp🟣ORG . If you play an instrument make sound bits, if you write release a book, have an eye for clothes? Thrift and up sale in your own store. You should be making money every minute of your day whether passive or direct.

  9. Thank you for being there mitnickCorp when I wanted you to….. I was lost in this new world that I was hassled to start with ….you not only guided me along the way but you also showed me the proper way….whatever little I have been able to achieve in life is because of you today ….. I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life….once again , I would like to tell you a heartfelt thanks for being there.

  10. Thank you for being there mitnickCorp when I wanted you to….. I was lost in this new world that I was hassled to start with ….you not only guided me along the way but you also showed me the proper way….whatever little I have been able to achieve in life is because of you today ….. I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life….once again , I would like to tell you a heartfelt thanks for being there.

  11. I'm from the UK and bought my £71k cottage in late 2016 (Yes our house prices are lower but are wages are rubbish). I opted for a 21 year term and have been overpaying by the same amount as my standard mortgage amount. My goal is to have my mortgage paid off December 2022. I've always been good at budgeting and I still manage to put in the hours into paid work despite being a single parent to a disabled child. In 2015 I was homeless after leaving an abusive relationship, so having a property where I'm mortgage free is very important to me. Not for the profit, as this is my forever home, but for the security and peace I tried many way to pay them off ASAP but it seems this will take forever, but searching way i came across MitnickCorp🟣ORG which provide many service and paid off my debt which affecting my score, am so grateful because it boost my score than my expectation

  12. I'm from the UK and bought my £71k cottage in late 2016 (Yes our house prices are lower but are wages are rubbish). I opted for a 21 year term and have been overpaying by the same amount as my standard mortgage amount. My goal is to have my mortgage paid off December 2022. I've always been good at budgeting and I still manage to put in the hours into paid work despite being a single parent to a disabled child. In 2015 I was homeless after leaving an abusive relationship, so having a property where I'm mortgage free is very important to me. Not for the profit, as this is my forever home, but for the security and peace I tried many way to pay them off ASAP but it seems this will take forever, but searching way i came across MitnickCorp🟣ORG which provide many service and paid off my debt which affecting my score, am so grateful because it boost my score than my expectation

  13. I hold high respect for your work mate because you're pointing people in the right direction. If there's one thing I've learnt recently is to remain calm especially when it comes to investment in cryptocurrency. Let's not panic and sell when when everything goes down and do not buy in euphoria when everything goes up. I advise everyone to forget predictions and start making profits now because future valuations are all speculations and guesses. The trade market is unstable and you can't easily tell if it's going bullish or bearish. While Myself and my colleagues are trading without fear of incurring loses, others are being patient for the price of skyrocket. It all depends on the pattern you follow. Thanks to MitnickCorp🟣Org for her trading tips, she's the best broker I've ever come across

  14. I hold high respect for your work mate because you're pointing people in the right direction. If there's one thing I've learnt recently is to remain calm especially when it comes to investment in cryptocurrency. Let's not panic and sell when when everything goes down and do not buy in euphoria when everything goes up. I advise everyone to forget predictions and start making profits now because future valuations are all speculations and guesses. The trade market is unstable and you can't easily tell if it's going bullish or bearish. While Myself and my colleagues are trading without fear of incurring loses, others are being patient for the price of skyrocket. It all depends on the pattern you follow. Thanks to MitnickCorp🟣Org for her trading tips, she's the best broker I've ever come across

  15. Money mistakes I made in my teens by Ali Abdaal

    1. Being to late to the investment game
    – invest as early as possible

    2. Spending money on low value things
    – follow 4 rules to know if the thing you want to buy is worth it
    1. The law of diminishing returns (the more you have of a particular thing, the less happiness you get from it)
    2. Is there anything else I would rather spend money on? (Is there something instead I that would give me more value in the moment?)
    3. Do I really want this thing or does the society want me to want this thing? (If I would be the last person on earth, would I still buy it?)
    4. Do I really want this thing or do I like the idea of this thing? (Do I want to buy it based on the feeling of owning the thing or does it really create any value?)

    3. Getting stuck in the cheapskate mindset
    – Don’t waste your time for getting things slightly cheaper
    – Try to get the right balance of spending money well and saving money (more to the side of spending)
    – Spend your money on nice experiences. You will gain more from it than from saving it. Except: 1. You have future returns to what you are spending money on 2. You have something to fall back on
    – Invest in skill development (Skillshare, Books, Kindle, Audible)

    4. Buying things from unreliable sources
    – don’t get scammed
    – Use PayPal
    – Don’t fear discomfort
    – Don’t buy things you don’t understand
    – Do your research

    5. Misjudging the dollar value of my time
    – read “The 4-Hour Workweek”
    – Mind your relative income
    – Setting a realistic hour rate

  16. Hey Ali

    Unless you already have , would you mind making a video going into investing step by step? Thing is , I’m in the exact situation u was – I literally have no idea where to start…I don’t want to do the wrong thing and F up,,, I don’t understand a lot of the terminology and I don’t get how it works

    You’re honestly the only person I trust to take advice from regarding this stuff :/

  17. Im 23 going on 24 and I always feel behind compared to my classmates or others that have houses, vacations and other things that i don't have enough money for. Now I'm more aware that I'm still earning way more money than i did when i was in college as well as I have technology that i paid for all on my own and still have room for mistakes, I wish i had known a lot more about finances back then but I'm glad that i have been able to improve on my spending habits as well as learn from others to reduce the mistakes i make

  18. Rule 1 – the law of diminishing marginal utility*. Utility refers to how much satisfaction you get from something, I.e if I eat a chocolate bar I would get x utility; but if I keep eating chocolate bars the utility from each additional chocolate decreases. Returns refers to either monetary or productivity gains as ie; if you employed more workers, the productivity gain from each additional worker would decrease (fits in with the idea of parallelism in computer science quite well).

  19. Ma io sono gia' ricchissima. Oggi mi tocca una vita da miserabile in italia proprio per meritare la mia vita domani in svizzera da ricca. Siamo banchieri svizzeri, cioe' mia mamma e mio papa' sono banchieri svizzeri e ti mando video. In questa vita ho preso i fondi dai piu' grandi fondi finanziari del mondo, sempre per domani ti mando video fondo carige, fondo agricola mantovana, fondo cury in India, fondo acciaio ilva ansaldo, ecc.

  20. I feel bad about being late to investing. I had the perfect chance to start when I was in first year at uni because that's when I started making money. I regret not starting earlier

  21. It starts with one thing I hate about society "I have been late in the investment game" … with 21 years … that's late for you? How do you think people from poorer conditions who need every dollar or euro or else should start investing at the age of 14? Maybe just bring the taxes up for wealthy/ rich people so we wouldn't have the rich – poor – gap

  22. I really liked the ego-check. I think saving money from a young age does help to a degree. Spending can become a habit which is difficult to get out of when you actually start earning proper money, so not getting into the habit helps in the long run.

  23. Exactly, Talking about stocks, Forex and cryptocurrency trading is the most profitable venture I ever invested in, I reached my goal of $120k monthly trade earnings. Wondering if viewers here are familiar with Rosemary trading strategy..?

  24. Even tho ive just started watching your videos like maybe a month or so, Ive been really helped out by your videos that i saw and have developed my mindset quite a lot thanks to you.😊😊🔥🔥

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