5 Things To Stop Spending Money On (In 2020) #Best Education Page #Online Earning

- How's it going today guys?

Welcome back to the channel.

Hope you're having a great day so far.

So in this video today, we are going to be talking about

five things that you should stop buying

or stop spending money on in 2020.

So we're coming up on the new year here

and a lot of people tend to set New Year's resolutions

around spending less money or saving more money.

But the unfortunate truth is that most people

fail entirely when it comes to actually sticking to

these New Year's resolutions.

In fact, according to US news in World Report,

80% of people fail their New Year's resolutions by February.

They don't even last one month.

So if you're serious about spending less money in 2020

and avoiding some of these problem areas,

well then this is gonna be the video for you.

But unfortunately a lot of people are just not willing

to make those sacrifices that are necessary

in order to commit to spending less money

or sticking to whatever their New Year's resolution is.

So I'm gonna make it as easy as possible for you guys here

with this video, giving you guys five areas

where you should just stop spending money.

So number one, let's get right into it

is going to be Juuling or smoking cigarettes

or any kind of vaping.

Now regardless of the health effects of vaping or Juuling

or smoking, just the financial side of this,

it's a very dumb thing to be doing with your money.

We've all talked about for years how expensive it is

to be smoking cigarettes.

But now that e-cigarettes and Juuling

has gotten more popular among young people,

it's time to talk about how much it's actually costing you

for the smoking of the Juul and vaping

and using these different products.

Now, myself included here, as embarrassing as it is,

I used to have a Juul addiction myself,

a little over a year ago.

I used to vape

and then I Juuled for a while

and mostly for the health reasons, I decided to stop.

But it's also a massive waste of money at the same time.

And the other thing you have to think about here

is that you can't just consider the financial cost

of smoking or using any of these other products.

You also have to consider the long term cost on your health.

But even just considering the financial cost,

just how much money are people spending

on these types of products.

So let's start with the Juul for example.

Your basic starter kit is going to run you $50

and then every four pack of pods that you use with the Juul

is going to be an additional $20

and most people who Juul end up going through

one pack of pods every single week,

meaning it's gonna cost you 50 bucks up front

and then $20 per week.

So over the course of one year, if you're using

one pack of pods every single week,

it's going to cost you $960 plus the initial cost

of the Juul, which is $50.

So that Juul addiction could be costing you

over a $1000 dollars per year.

And if you're smoking cigarettes, it's even worse.

So here in New York, cigarettes are very expensive.

They're up to around $13 per pack.

And most people who smoke end up smoking one pack

of cigarettes per day.

So over the course of one month, that means

you're spending close to $400 on cigarettes,

which is a massive waste of money.

So it could be costing you as much as $5000 per year

on cigarettes that we know are just horrible

for your health to begin with.

So Juuling, smoking, doing anything of that nature,

it's questionable or bad for your health

and it is terrible for your wallet.

Alright guys so the second thing to stop spending money on

is your cable TV subscription.

So I have a question to ask you guys,

and that is what does your cable subscription

actually cost you?

Most people are gonna answer that question

by telling me the cost of their cable bill,

but there's actually an entirely separate cost

that people don't talk about and that is

the opportunity cost of watching TV.

And what that comes down to is the number of hours

that you spend watching cable TV

or watching TV in general.

That time could be used doing something else

like maybe exercising or reading

or anything like that.

So you can't just consider what you're paying

for that subscription.

You also have to think about the amount of time

you are spending consuming that television.

Now I personally ditched my cable TV subscription

about two years ago.

It was when I moved out of my parents house

and when I had my first apartment,

I just said, I really don't need cable TV.

I don't wanna waste time watching TV

and instead, I mostly just watch YouTube

and I take advantage of other streaming services out there.

So instead of spending money on a cable TV subscription,

I follow the other strategy of just bumming off

of other people's Netflix and Hulu.

I do not have a subscription to either one

but I have friends who have both of these

and so I just logged on to their accounts

and I just use theirs if I ever wanna watch Netflix or Hulu.

And then the other thing I take advantage of

is the Amazon Prime video content

since it's basically something I'm already paying for

with my Amazon Prime subscription,

and as I've mentioned before,

I'm a big fan of the Jack Ryan series.

So just how much money are people spending

on their cable TV subscriptions?

Well consumer reports did a study on this back in 2018

and they found that the average price consumers paid

for their cable bill was $217.42 a month.

That is an astronomical amount of money

to be spending on cable TV.

Not only are you wasting money on this,

but it's taking away your valuable time.

So the opportunity cost for this is huge as well.

Now more and more young people are cutting the cord

and to be honest with you guys, I wouldn't be surprised

if in 20 or 30 years, having a cable TV subscription

is just so uncommon that you would be amazed

if someone had one.

Kind of like a landline telephone.

But if you you are somebody who's still paying

for that cable TV subscription, cut the cord.

Take advantage of YouTube and then other cheaper

streaming options as well.

Alright guys so a third thing to stop spending money on

is expensive hotels.

And what I'm suggesting instead

is considering using Airbnb, rather than

always just booking a hotel.

And I'm not saying

that you should avoid hotels all together.

But what I'm simply saying here is consider Airbnb

as an option as well, and always price out the difference

between what it would cost to book a hotel

versus using Airbnb instead.

So I am personally a huge fan of Airbnb.

I travel probably at least 12 times per year,

and I would say 90% of the time, I book Airbnbs

instead of a hotel.

i often find the location is more desirable

and there's usually amenities and added bonuses

that you just don't get with a hotel

and on top of that, I almost always find

that it saves me money.

And I feel like a lot of people out there

have these concerns about Airbnb where they're thinking

oh you know I'm afraid to stay in someone's home

or what if somebody comes in while I'm there.

And I feel like a lot of these concerns are just overblown

at this point because of the review system

and all the checks and balances in place.

And I have personally stayed in probably

two dozen Airbnbs.

I'd even hosted Airbnb at my house here for an experiment

with making money and I had

over a dozen guests come through.

I never had a single issue with anybody,

either hosting with Airbnb or traveling through Airbnb.

So personally guys, I'm a huge fan of it.

If you've never tried it before,

I would recommend it.

Just considering it as an option.

And looking at the prices of a hotel versus Airbnb.

And at the end of the day, when you're booking

through Airbnb, that money is often times

going to you know families, or couples, or actual people,

rather than giving money to a large corporate hotel chain.

And I just kind of like the idea of that,

rather than just giving money to these big companies.

Alright so the fourth area you should look at spending-wise

is expensive college educations,

particularly going to a four year private school.

Now before I say this, guys, I just wanna make sure

I'm not you know hating on college here

or saying that it's a bad idea.

I personally went to college

and I got a two year associates degree

from a local community college.

All that I'm saying is that you should consider

other options out there, aside from just

that four year private education

because of how expensive it is

and how the job market has changed.

And the thing is guys, I know a lot of people personally

that are tens of thousands of dollars,

if not a $100,000 or more in student loan debt

from a private education.

And the thing is there are a lot of opportunities out there

that don't require that level of expensive education.

So using myself for example,

when I went to community college,

I got a two year associates degree

in electrical construction and maintenance

which cost me about $12,000 over the course of two years.

And then I was able to get a job

working for my local power utility

that paid me over $60,000 per year at the age of 20.

So there's a lot of opportunities out there

that simply do not require

these four your educations anymore.

And after decades of these four year educations

being pushed on young people as the only path for success,

well now we're finally seeing massive shortages

in certain areas like the trades,

like being a plumber, or an electrician

or also in the healthcare industry.

So there are really high quality and high paying jobs

that don't require massive student loans

and these four year educations.

So I'm not against college, guys.

I'm just saying all options should be considered

and that just getting that four year education

shouldn't be something you just automatically

go out there and do, especially at a private school.

Alright guys, so the fifth and final thing

on my list here to stop spending money on is bottled water.

Now, in fairness, I actually bought this case of water

for my Airbnb when I was doing my listing,

so I didn't buy it for this video.

I already had it.

But bottled water is a huge waste of money

and even if you don't do it for the money aspect of it,

think about the environmental aspect of bottled water.

Because I get it, most people are responsible

and they recycle their bottles.

But not everyone is.

And a lot of empty plastic bottles end up in the trash can.

Now I understand where this comes in

because it's extremely convenient to have bottled water.

You don't wanna have to worry

about filling up a pitcher in the fridge.

Or maybe you don't like the taste of your tap water.

But it's honestly costing you a lot of money

and it's just bad for the environment.

And honestly guys, comparing the cost of bottled water

to tap water is unbelievable.

According to a study by Convergex group,

consumers are spending 300 times

the cost of tap water on bottled water.

So can you think of anything else out there

that you would spend 300 times more money on

just for the convenience?

And look, I understand that a lot of people

simply do not like the taste of tap water

or their worried about what's in the tap water.

So even so, let's compare the cost of bottled water

to using a pitcher filter offered by Brita.

So if you're drinking one case of water per week,

when you factor in the cost of the bottle water,

plus the redemption, assuming that you're not actually

bring that to the recycling center

because who honestly does that at the end of the day?

It's probably costing you about $5 per week

for a case of water.

Over the course of one year, at $5 per week,

that's gonna cost you $260 per year

plus over 1200 empty plastic bottles are generated.

So the basic Brita water filter

which is the pitcher that you put in the fridge

costs $16.99 and the first filter is included.

Now they recommend changing that filter every two months,

which means you would have to purchase

five additional filters throughout the course of one year.

Now those filters on Amazon

are going to run you $4.50 a piece.

So over the course of one year,

the cost of the initial Brita water filter pitcher

and five additional filters is going to be $39.49,

compared to spending over $250 on bottled water.

So as far as drinking water goes,

you have three options here.

Number one, spending next to nothing drinking tap water.

Or number two, if you're worried

about the flavor of the water or whatever may be in there.

You could use a Brita water pitcher with the filter

or some other water filter for about 40 bucks per year.

Or by spending money on bottle water, it's costing you

as much as $260 per year.

So anyways, guys, that's gonna wrap up this video.

Thanks so much for watching.

If you stuck around to the very end,

make sure you subscribe and hit that bell

for notifications of any future uploads

and also let me know down in the comment section below

if you think you're going to follow any of these tips

for 2020 or other things that you think

people should just stop spending money on in 2020.

So that's gonna wrap up this video, guys.

Thanks for watching and I will see you in the next one.

#Best Education Page #Online Earning

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