what's going on fam it's your boy here
we just got paid and it's time to show
them how we do how's it going today guys
so today I'm going to share with you the
three things that you should never do
with your money
Americans are currently living paycheck
to paycheck but what does that exactly
mean what that means is that every
dollar that comes in goes out and you're
left with nothing at the end in fact you
are one major expense away from going
into debt if you are someone who is
currently living paycheck to paycheck
you would likely have a net worth of
zero dollars or even worse you may be in
a situation where you opie 'pl more than
you even have that would mean you are in
debt now there are many reasons why
someone ends up in a paycheck to
paycheck situation and I've done videos
talking about this in the past but today
I want to address the three things that
you should never do with your money
under any circumstances and
unfortunately this is something many
people do with their money and this
could be the reason why you are in a
paycheck to paycheck situation where
every dollar that comes in ends up going
out so the first thing you should never
do with your money is gamble with your
money and unfortunately a lot of people
out there are doing this because they
have the desire to win a lot of money so
recently in the United States the
Powerball lottery drawing reached an
astounding level of seven hundred fifty
eight million seven hundred thousand
dollars and as a result I had a lot of
people asking me hey are you gonna buy a
Powerball ticket and I said absolutely
not and they thought I was crazy for
saying that because that's over
three-quarters of a billion dollars
imagine what you could do you could buy
all the houses you want you could drive
six Lamborghinis but here's the truth
guys the odds of winning the Powerball
are very very slim so for this
particular drawing the odds of winning
were somewhere around 1 in 292 million
your odds of getting killed by a vending
machine are one in 112 million so you
would likely be killed by a vending
machine before you won this Powerball
now I want to ask you a question how
many people do you know of that were
killed by a vending machine
because I don't know one single person
but the odds of getting killed by a
drink dispenser or a snack dispenser
are better than the odds of winning a
Powerball lottery like this your odds of
becoming the President of the United
States are 1 in 10 million which is
significantly better than the odds of
winning the Powerball so why don't you
decide you're going to become the
president instead the truth is gambling
is an optional tax on the stupid and you
should never gamble with your money the
second thing you should never do with
your money is order bottle service now
for those of you who don't know what
bottle service is let me just explain
that to you bottle service is something
you order when you're looking to waste
as much money as possible in the
shortest time frame so you go to a bar
and you see a separate VIP section with
tables and very important looking people
and you say hey I want to sit at one of
those tables so you go up to the
bartender you say hey I want to order
bottle service next thing you know they
bring a bottle over to your table they
bring mixers in exchange for this they
are charging well over a 1,000 percent
markup on that bottle of alcohol so the
average bottle service in Las Vegas
ranges from 350 to $600 you're paying
over a thousand percent more for that
bottle of alcohol just to drink it in
front of people however let's take this
a step further if you go to the Hakkasan
nightclub in Las Vegas and order the
Armand de Brignac dynasty collection you
will be paying $500,000 for bottle
service I'm not kidding you just to put
this in perspective it costs about
thirty thousand dollars to build a
school in a third-world country
so instead of spending half a million
dollars on bottle service you could open
16 schools in developing countries and
still have 20 thousand dollars left over
ordering bottle service is one thing you
should never do with your money and the
third and final thing you should never
do with your money and this is a mistake
I made myself is buying an expensive car
guys I lost almost ten thousand dollars
on a car over the course of one year
because I made the mistake of buying an
expensive car the thing is Americans are
obsessed with cars especially young
people like myself and this is a
financial trap that you need to avoid
many of us see cars as a status symbol
an expensive
is a temporary escape from our financial
reality or a depreciating liability
whichever one you want to look at in
fact the average car payment in the
United States is now 503 dollars per
month so 49 percent of Americans are
paycheck to paycheck meanwhile the
average person is spending over $500 a
month to drive a car does that make any
sense to you I think that many of us
have lost touch with what a car actually
is a car is a method of transportation
here are two people who work for the
same employer one person drives a
ten-year-old economy car that is paid
off so his car payment is zero dollars a
month the other person drives a
brand-new luxury car and his car payment
is $600 a month both people are able to
get to their job at the same time
because a car it's a method of
transportation spending $600 a month on
the car does not help you earn any more
money they both get to the job and they
both make the same amount of money a car
is a method of transportation I truly
believe this is the number one problem
with society we buy things we don't need
with money we don't have to impress
people we don't like and I don't want
you guys to fall into this trap these
are the three things that you should
never do with your money and guys if you
know somebody who is doing any of these
things with their money please share
this video with them and maybe it will
be a wake-up call for them but if you
guys watch this whole video I certainly
appreciate you for sticking around
please take a second and check out my
channel hit that like button and
consider subscribing to be notified of
future uploads like this and please
share this video with other people so
they can have their eyes opened to the 3
things you should never do with your
money thank you for watching this video
you
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