Let's talk about money traps - expenses we underestimate, that destroy our finances in the long term. Here are 10 money traps that people in their 20s and 30s fall into. Some of the money mistakes mentioned in today's video are less common or more specific than others and may not concern you, but it's worth mentioning them.

I’m going to leave out of this list the typical traps like:
- Spending more than you earn
- Getting into debt (incl. Student Loan)
- Non investing
Not because they are not important - in fact, they are the most important - but because you'll find more than enough material on them in my other videos 😉

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*Timestamps*
00:00 Intro
00:41 Car Leasing
02:09 Lottery Gamble
03:22 No Emergency Fund
03:52 Wedding Debt
04:42 Subscription Scams
06:12 Get Rich Quick Scams
07:40 Credit Cards
08:32 No-Money-Down Plans
09:15 Blind High-Risk Investing
10:19 The Biggest Money Trap

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Disclaimer: I am not a Financial Advisor; any investment commentary are my opinions only. Some of the links in this description are affiliate links that I can get a kickback from if you make a purchase at no additional cost to you 😜

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