5 Dumbest ways to Spend Money That Makes you Poor in Your 20's | Divya Jain

I have observed that in today's generation, many people spend their money in the wrong place Only a few young adults are the ones who wisely invest in their future to make it secure Every 20-year-old wants his life to be like a Pinterest board Latest phone, Insta-worthy brunches, trending fashions, and a perfect lifestyle that he sees on social media But in the midst of materialistic luxuries and show-offs, we forget to build our future financial strength And by the time we realize that it is important to invest wisely, it is too late If you don't want to repeat the same mistakes, then watch this video till the end Because today I will tell you about the 5 worst things that don't let you get out of the middle class mindset And that stops your financial growth As soon as a new phone is launched, everyone thinks of their old phones as useless Apple's drop in events Apple announced iPhone Air, iPhone 17, social media flooded with unboxing videos And then a reel came out while scrolling through the feed This young man holding his brand new iPhone 17 But you know what caught my eye?

It was the iPhone 16 that was lying right next to him Only a year old What changed? Another feature of the camera And we are convinced that this new phone is necessary Do you really need it? Or is it just a show-off? The truth is that what was latest today has become outdated And the same story will happen next year New launch, new hype, new EMI This cycle will never stop Gadgets are a business tool for influencers New phone, content, brand deals and growth investment But for a normal young adult, this is an unnecessary expense The new iPhone will only clear the pixels But the real charity will come when you upgrade your vision Number 2 is designer clothes and accessories Now what I observe is when we see our favorite actors, influencers, actresses wear trendy outfits We are thinking that I want to wear this so that I look like them and my life is like them And this instinct puts us in the chase of fast fashion Every new collection, every trending outfit We just keep buying We keep wearing and keep running towards the next trend But the truth is that we are not building a style We are just ego buying Style is never in the label The real style is inside you, not in the shopping bag Number 3 is the food delivery app Imagine you are hungry and very tired You want to eat your favorite food But who will wash the dishes after cooking and chopping?

Restaurant means you have to be ready Traffic and a lot of chaos You have another easy option Online food delivery Convenience, choice, everything is in your hands And because of this convenience, we order small cravings again and again As soon as the app opened, the notification came French fries at 30% off Only for the next 10 minutes We were just going to buy burgers but we tapped on the fries And in the same way, food delivery apps like Zomato, Swiggy manipulate you Through tempting offers and you get trapped in their traps You order everything that is not needed At the end of the month, thousands of rupees are spent on food delivery Not just food, it is also a reflection of your habits, decisions and discipline Convenience is important but control and awareness is more important than that I have seen that at every new web series launch, youngsters just start watching And you also just start watching out of curiosity With every new release, this habit repeats Every month, subscription fees are deducted from your bank account Just think about the yearly cost of top 5-6 apps Rs.

13,000-15,000 And apart from internet charges, music, workouts, comics, games, all have different subscriptions The truth is that these small subscriptions are not only taking your money They are also draining your time and energy Imagine, if you had invested that same money and energy in a skill, AI tool or side hustle Then how big a difference would have been in your life And finally, the number 5th, stock market Knowledge first, not blind investing It is a common trap of the 20s To jump into the stock market without understanding I had also done it You invest more money and without knowledge, the risk is so high That a wrong decision will blow your savings for years Real facts 81% of young Indians under 35 years of age have invested in stock With 45% considering it their primary investment choice However, 70% of intraday traders under 30 incurred losses With 80% of those executing over 500 trades annually making losses This number is not just a figure, it is a warning Investing money just for excitement or hype can be a financial disaster for you The first step in the stock market is knowledge and research Blind investing only brings regret and loss So learn, understand and practice When you get confidence and understanding, invest money These were 5 worst purchases that keep you financially stuck But it's not just about spending money It's about your habits, choices and mindset 20s is the foundation point of your life A breaking point for your 30s and 40s If you also keep a note of small things Avoid impulsive shopping, cancel a subscription, ignore a notification All of these will make you a keen observer and critical thinker And when you have more money tomorrow Then you will know how to use it widely and where to invest Think and spend Invest in your freedom and growth Don't run after short term thrills Become a mindful investor for your future Because the phone will get old, sneakers will get out of trend But skills and mindset will make you unstoppable