3 Things You Should Never Waste Your Money On

Summary

In this video, 15-year-old Bryce Osborne shares his journey of self-improvement and financial wisdom. He candidly discusses his past mistakes, such as spending over $600 on the mobile game Clash of Clans, and urges viewers to avoid wasting money on fleeting indulgences like video games and addictions. Bryce emphasizes the importance of budgeting, saving, and investing in education to achieve financial stability and success. He encourages viewers to reflect on their spending habits and to allocate their resources towards personal growth and valuable assets.

Takeaways

• 🎮 Avoid spending money on fleeting entertainment like video games.
• 💸 Don't waste money on addictive substances; it only perpetuates the habit.
• 🚗 Don't purchase items you can't afford in cash, to avoid debt.
• 💳 Credit cards should not be used to fund lifestyle you can't currently afford.
• 💼 Invest in education and self-improvement instead of material things.
• 📚 Books are a valuable investment for personal growth.
• 💰 Start budgeting and managing your money wisely.
• 🛍️ Don't spend money on things just for the sake of status.
• 🏆 Financial stability comes from smart spending and saving habits.
• 🔄 Change your spending habits to break the cycle of wasteful spending.

Q & A

Who is Bryce Osborne?

Bryce Osborne is a 15-year-old from the United States who is focused on helping young men on their self-improvement journey.

What was the significant event that Bryce mentioned in his script?

The significant event Bryce mentioned was his birthday when he received a card with $100 inside.

How did Bryce initially spend his birthday money?

Bryce spent his birthday money on a mobile game called Clash of Clans.

How much money did Bryce spend on Clash of Clans over time?

Bryce spent over $600 on Clash of Clans from birthday and Christmas money collected over the years.

What change did Bryce make in his spending habits?

Bryce decided to start spending his money on more important things, such as educational courses, instead of on games.

What did Bryce buy with his saved money instead of spending it on Clash of Clans?

Bryce bought a package of courses that he found useful for self-improvement.

What was Bryce's mother's reaction to his purchase of the courses?

Bryce's mother was surprised by the large sum he spent on the courses and initially suggested he refund it.

What advice does Bryce give about spending money on addictions?

Bryce advises against spending money on addictions, suggesting that it will only perpetuate the addiction.

Why does Bryce recommend not buying things you can't afford?

Bryce recommends not buying things you can't afford because it can lead to financial instability and debt.

What is Bryce's stance on using credit cards for purchases?

Bryce is against using credit cards for purchases that one cannot afford, as it leads to long-term debt.

What does Bryce suggest as an alternative to spending money on unnecessary things?

Bryce suggests investing money into education, such as buying books or courses, which can benefit one's life.

What is Bryce's recommendation for managing money?

Bryce recommends having a budget and investing money into smart things rather than wasting it on unproductive items.