The Most Dangerous Financial Advice For Your 20s (Tier List)

In this video, I rank some of the most common terrible financial advice you hear on the internet.

Drop a comment — what is the worst financial advice you have received?

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00:00 Intro
00:28 You’re young, no reason to worry about retirement
1:29 You can time the market if you study enough
2:35 Try trading options to make more
3:51 Quit your job and follow your passion
5:10 “Essential buys” from influencers
6:20 Take big risks in your 20s
8:01 Always buy a house, renting is a waste
9:24 You need a financial advisor
10:40 Use credit cards for everything
11:51 Only save your money
12:48 All debt is bad — cut up credit cards
13:46 Take loans for the best school
14:48 No emergency fund — just invest
15:49 Don’t take a raise (tax bracket myth)
16:45 Investing is gambling
18:04 Pull money from 401k for a house
19:00 You need multiple income streams
20:19 Wait for the housing market crash
21:56 Go all out on a wedding
23:00 Buy a new car (it’s cheaper?)
24:15 Don’t talk about money
25:20 Market dips = panic
26:36 Lease a new car
28:02 You deserve it — just buy it
29:46 Afford the payment = afford it
30:56 Have kids early
32:19 “This coin is going to the moon”
33:32 Pay off mortgage ASAP
34:22 Stay loyal to one company
35:11 Carry a credit card balance
36:18 Outro

#personalfinance #moneytips #financialmistakes #investing #budgeting
#wealthbuilding #financialadvice #tierlist

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