About the bigger house, sure the house would of double in price and some change, but also think of the increase in property taxes, the maintenance cost the comes along with it and insurance cost
I agree. Property tax in CA no small change. However, if you think you might need a bigger house down the road (like you were to get married or have kids), then it makes sense to plan early.
1. Obviously Gambling for me 2. Getting a credit card to feed my addiction TWICE ... 3. Maxing out that credit card with 15% annual interest 4. Not working part time while studying Thankfuly I stopped gambling a year ago and paid of all my debt, now life is going the right way
Mine was buying a brand new 30K car almost 10 years ago. If I would have just got another 2k Honda and invested in the SP500 I would have had another 150K saved up for retirement.
I personally think your worst mistake was selling all your stocks during the initial pandemic sell off. I advised you that you would regret that if you look back in the video where you said you were doing that.
Most points you mentioned are clear in hindsight but would have been crazy and irresponsible speculations back then. So, most decisions you were completely right about.
Guys, Im leaving the real estate business for good now. My tenant was working, did not pay me for 8 months. Her rent was only $800/month. After I finally evicted her. I learned that she s paying 500/week at the local motel. She plans to stay there for a year because no other landlord will rent to her. We are in the only business where people are allowed to steal from us. Then we have to follow a long eviction process. If you don't pay the hotel for even one night. They lock you out legally. If you leave a Walmart store with $1 worth of item. The police will come for you that day, NOT 3 months later. I will invest my money in hotels from now on. THANK YOU, CORRUPT AMERICA!!!
@@jonsl2000 The people who made it unaffordable are the ones with high paying jobs who were willing to pay more than others. Obviously you don’t make enough money. But don’t blame yourself, not everyone has the same abilities.
I feel like I should have bought more houses way back but in life we always get more upset about what we could have made than what we actually made. I'm Still ahead of my own journey in life!!!
Speaking on Tesla, it's really difficult for value investors to hold it. Their experience just doesn't let them hold it without feeling nervous. I would say Tesla is more like amazon before it become big and the PE ratio is dropping yearly. In the end, a stock price is based on 'how many people' are willing to pay for it. Maybe study up on tesla and trick yourself into being a long term investor. They have so much going on, you only need one or two things to believe in.
I threw my 401k in a Roth when I changed jobs. It was a pretty sizable amount too. Sure I had to pay taxes but I plan to avoid taxes on the growth later on in life.
The DOGE one is hard because the short-term capital gains tax rate sucks. But one strategy that could be used is: 1. If position quickly doubles & some … then cash out enough on short term to cover your principal plus your STCG taxes on the pull-out, and then let the balance ride “on the house” … until the 12-month mark or beyond, when you can then use LTCG rate (and/or donate some).
I confess I don't get Dogecoin. At least Bitcoin (and ETH and others) were created with a real purpose in mind, and you can agree or disagree with how successful they are. But Dogecoin was literally created as a joke. I'm not saying it's wrong to have it. I'm just saying I don't get how it's anything other than pure speculation at this point.
I have the same thought about my house. I made 100 k in my house over covid however buying a stand alone house I would have doubled it. That said, pretty happy I paid 350 k for a 3 bedroom home in Australia. Houses are crazy expensive.
Only mistake really was the 401k cash out. The stocks and real estate is all speculation and like you said hindsight is 20/20, it could have easily gone the other direction and you would have looked like an oracle. The student loan thing is debatable, you get the tax write off for the interest and having cash on hand when you are starting out gives you peace of mind if you have an emergency. So really just 1 mistake and 4 shoulda coulda wouldas.
These are not mistakes. The only mistake is assuming one can predict the future (especially with short term market movements). It is unnecessary to look back and say anything that went up, that you didn't invest in, was a mistake or fault. Hindsight 20/20.
Thank you for sharing your opinion on your student loan because you says you used to own 40k and then you didn't want to pay all of them yet until later on, and wanted to invest on your earning which is wrong, and that you should be paying the principle first to lower their interest. This let me know how to deal with my current student loan situation(which I have no idea how to deal with it) , I also own them like about 40k or so. Thanks again, your video help me alot.
I wouldn't even call the dogecoin, tesla and your house mistakes, because the price of your house doesn't even matter unless you plan to sell it someday and if you would've spent more on the house you have had less money to invest so who knows how that would've gone. And the stock market is a level 2 chaotic system so even if you get it right n times your n+1st prediction can still be wrong, there are no gaurantees. I've never lost a large amount with any financial instruments so I think that's already a positive.
Thank you. Last year took your advise invested in Roth mutual found. Love it. Can I invest more I am 56 which allowed to add 7k. Why can't I invest more or any ideas.
...DOGE coin mistake that didn't sold between 50cents and 70ish cents (like me...) is DEFINITELY one of the BIGGEST mistake of this year, unbelievable, greed meet doom... (I also lost a lot)
Btb aren't you missing out rental income and tax write offs by renting out your home at these insane rents and just renting an apartment since your single. You can also take out equity and buy a condo if you don't want to pay rent.
It takes a lot to admit mistakes and all the trolling that may ensued. I have learn a lot from your videos and from your mistakes lol. You forgot to mention selling your Bitcoin unless you bought back into the market. Dodge coin all ready did a parabolic run and may never do it again. Dodge Coin to 1 dollar may be possible a 2x is more realistic but I think is better to take that money in the next run up and put that money in Bitcoin or another coin like solana, luna , avalanch as as a long term hold.
@@gm3314 Dave doesn't teach how to invest, he teaches you to call up one of his ELPs. He tells elderly to invest in 100% stocks and never mentions balanced investing with bonds.
I think buying the Tesla was a mistake, especially with it sitting in your garage mostly. Buying a slightly used Hyundai or Kia would IMO would have been more practical
Yeah unlike a gas vehicle that can still run great after 20 years of sitting, the battery in an EV continues to wear out just sitting there self discharging.
It’s very good talk about past mistakes and learn from them. Just like now everyone should be buying the spell crypto token which is half a Pennie now abs has doge neme potential.
I've teased you on your plastic bag folding video. Friendly tease of course. And so my biggest money mistake is not watching your UA-cam videos in a timely matter due to my busy schedule and then, not following your advice on top of that. I am folding my plastic bags now😁
For the love of God man, just hold your TSLA for 10 years and get rich. How many times are you going to paper hand it and regret it? I figured you learned your lesson when you sold it in early 2020.
On his Babylon Bee interview be said the shares were from exercising options. I think he's rich enough that he doesn't actual care about the taxes and doesn't want flak from politicians.
You are being itchy on tsla the hold stock while being the bag holder of doge. Dude totally messed up. You are rich but could be much richer by holding tsla all along. You could be richer than Jason debolt. Still time to change your game. I am really supportive of your channel.
About the bigger house, sure the house would of double in price and some change, but also think of the increase in property taxes, the maintenance cost the comes along with it and insurance cost
Exactly what I thought. Property tax as well as selling cost of a big house.
I agree. Property tax in CA no small change. However, if you think you might need a bigger house down the road (like you were to get married or have kids), then it makes sense to plan early.
I wouldn't count them as mistakes. It's more like you made optimum choices at the time which turned out not to be perfect.
1. Obviously Gambling for me
2. Getting a credit card to feed my addiction TWICE ...
3. Maxing out that credit card with 15% annual interest
4. Not working part time while studying
Thankfuly I stopped gambling a year ago and paid of all my debt, now life is going the right way
Congrats
@@danieldanielson2650 thank you. I couldn't have made it without my father who helped me through a lot in my life
4 is my mistake as well
People e.g. outwardly friendly person w inner apathy not looking out for your best interest will give you advise in life
getting married was my worst mistake
@@jonsl2000 a fool is always a fool
Mine was buying a brand new 30K car almost 10 years ago. If I would have just got another 2k Honda and invested in the SP500 I would have had another 150K saved up for retirement.
I personally think your worst mistake was selling all your stocks during the initial pandemic sell off.
I advised you that you would regret that if you look back in the video where you said you were doing that.
He tried to time it which was fatal. I did it somewhat thru pure circumstances
Most points you mentioned are clear in hindsight but would have been crazy and irresponsible speculations back then.
So, most decisions you were completely right about.
Guys, Im leaving the real estate business for good now. My tenant was working, did not pay me for 8 months. Her rent was only $800/month. After I finally evicted her. I learned that she s paying 500/week at the local motel. She plans to stay there for a year because no other landlord will rent to her.
We are in the only business where people are allowed to steal from us. Then we have to follow a long eviction process. If you don't pay the hotel for even one night. They lock you out legally. If you leave a Walmart store with $1 worth of item. The police will come for you that day, NOT 3 months later.
I will invest my money in hotels from now on.
THANK YOU, CORRUPT AMERICA!!!
Commies want America to go full Venezuela. Hopefully they'll fail
Damn thats rough, how could she even risk this having to pay more than twice her rent now
In San Francisco you can shoplift around $1,000 before they will prosecute you.
Hotels have been suffering with government enforced lockdowns.
Spam. You keep telling this lie. I’m a son of The Koch Brothers.
@@jonsl2000
The people who made it unaffordable are the ones with high paying jobs who were willing to pay more than others.
Obviously you don’t make enough money.
But don’t blame yourself, not everyone has the same abilities.
I feel like I should have bought more houses way back but in life we always get more upset about what we could have made than what we actually made. I'm Still ahead of my own journey in life!!!
Cashing out your 401k was really the only mistake. Prioritizing paying off student loans early makes sense depending on the interest rate.
Yea all the others werent mistakes
My money mistakes:
-ignoring crypto till this year,
-not learning new skills
-trying to go full minimalist instead of increasing profits
Speaking on Tesla, it's really difficult for value investors to hold it. Their experience just doesn't let them hold it without feeling nervous.
I would say Tesla is more like amazon before it become big and the PE ratio is dropping yearly.
In the end, a stock price is based on 'how many people' are willing to pay for it.
Maybe study up on tesla and trick yourself into being a long term investor. They have so much going on, you only need one or two things to believe in.
Yes. Tesla has no competition. It's a sound investment as long as they continue to execute
I threw my 401k in a Roth when I changed jobs. It was a pretty sizable amount too. Sure I had to pay taxes but I plan to avoid taxes on the growth later on in life.
This is kind of the conversation you get at every bay area bbq.
ROFL! You are right! These days at least.
The DOGE one is hard because the short-term capital gains tax rate sucks. But one strategy that could be used is:
1. If position quickly doubles & some … then cash out enough on short term to cover your principal plus your STCG taxes on the pull-out, and then let the balance ride “on the house” … until the 12-month mark or beyond, when you can then use LTCG rate (and/or donate some).
It's all about risk management. Don't also wanna lose it all like some people.
When I was 17 I made that first mistake too. Thankfully when I left that job I only had $150 in my 401k.
Your property taxes would’ve been much higher if you had bought a much more expensive house.
Your biggest mistake is underestimating Tesla potential and saying the competition is coming
I confess I don't get Dogecoin. At least Bitcoin (and ETH and others) were created with a real purpose in mind, and you can agree or disagree with how successful they are. But Dogecoin was literally created as a joke. I'm not saying it's wrong to have it. I'm just saying I don't get how it's anything other than pure speculation at this point.
I have the same thought about my house. I made 100 k in my house over covid however buying a stand alone house I would have doubled it.
That said, pretty happy I paid 350 k for a 3 bedroom home in Australia. Houses are crazy expensive.
Good thing about Australian version of 401k (superannuation) you can't cash it out until 60, it's illegal so you can't get access to it.
Being wrong, admitting & learning is a cheat code. ❤️✌🏼🙏🏼👍🏼 BtB
Not really. People make same mistakes many times over
Thanks for your candidness!
Not bad. Your biggest mistake was probably selling TSLA.
Oh hey C C
Exactly
Only mistake really was the 401k cash out. The stocks and real estate is all speculation and like you said hindsight is 20/20, it could have easily gone the other direction and you would have looked like an oracle. The student loan thing is debatable, you get the tax write off for the interest and having cash on hand when you are starting out gives you peace of mind if you have an emergency. So really just 1 mistake and 4 shoulda coulda wouldas.
Tell Warren buffet 100billion dollars it was all speculation
Your doing fantastic
Enjoyed this video...
Hi BTB, isn’t Moomoo a chinese subsidiary???
Is this guy still living on $0.50 a day, it's been like 5 years
These are not mistakes. The only mistake is assuming one can predict the future (especially with short term market movements). It is unnecessary to look back and say anything that went up, that you didn't invest in, was a mistake or fault. Hindsight 20/20.
Great to see you making more content!
Hey on your how to get scratches out of discs video how much does both the sandpaper cost
Tesla is not a car company :)
Could totally do another wrapping, use crazy thumbnail.
Thank you for sharing your opinion on your student loan because you says you used to own 40k and then you didn't want to pay all of them yet until later on, and wanted to invest on your earning which is wrong, and that you should be paying the principle first to lower their interest. This let me know how to deal with my current student loan situation(which I have no idea how to deal with it) , I also own them like about 40k or so. Thanks again, your video help me alot.
I wouldn't even call the dogecoin, tesla and your house mistakes, because the price of your house doesn't even matter unless you plan to sell it someday and if you would've spent more on the house you have had less money to invest so who knows how that would've gone. And the stock market is a level 2 chaotic system so even if you get it right n times your n+1st prediction can still be wrong, there are no gaurantees. I've never lost a large amount with any financial instruments so I think that's already a positive.
You’ve done great BTB despite… happy holidays 💥
We all make them
What are your thoughts on Palantir?
Thank you. Last year took your advise invested in Roth mutual found. Love it. Can I invest more I am 56 which allowed to add 7k. Why can't I invest more or any ideas.
...DOGE coin mistake that didn't sold between 50cents and 70ish cents (like me...) is DEFINITELY one of the BIGGEST mistake of this year, unbelievable, greed meet doom... (I also lost a lot)
You never lost what you never banked
Btb aren't you missing out rental income and tax write offs by renting out your home at these insane rents and just renting an apartment since your single. You can also take out equity and buy a condo if you don't want to pay rent.
It takes a lot to admit mistakes and all the trolling that may ensued. I have learn a lot from your videos and from your mistakes lol. You forgot to mention selling your Bitcoin unless you bought back into the market. Dodge coin all ready did a parabolic run and may never do it again. Dodge Coin to 1 dollar may be possible a 2x is more realistic but I think is better to take that money in the next run up and put that money in Bitcoin or another coin like solana, luna , avalanch as as a long term hold.
Regarding Dogecoin, I trust E.B Tucker’s take personally.
Didn't you have Bitcoin as well?
Thanks sir
Do you invest in real estate?
Francis, you know you have to listen to DAVE RAMSEY! But over all you have done VERY WELL!!
@@P.90.603 NO, Dave Ramsey teaches how to save and invest!! I don’t think u r watching DAVE videos?
@@gm3314 Dave doesn't teach how to invest, he teaches you to call up one of his ELPs. He tells elderly to invest in 100% stocks and never mentions balanced investing with bonds.
I think buying the Tesla was a mistake, especially with it sitting in your garage mostly. Buying a slightly used Hyundai or Kia would IMO would have been more practical
He spends money on few things in life and knows how to live. He is not complete cheap nerd
Yeah unlike a gas vehicle that can still run great after 20 years of sitting, the battery in an EV continues to wear out just sitting there self discharging.
@@thedopplereffect00 Interesting...not hearing thoughts from T owners re: the cost to replace the batteries 🤷🏻♂️
@@kevindillon5455 I think most of them just trade in and buy newer models when the range decreases too much.
Mine is not starting investing sooner. Started 4 instead of 14 years ago. Better late than never I guess
This is ridiculous, these are not mistakes. Hindsight always looks perfect.
Cashing out 401k is a huge mistake
@@Soljarag5 you're correct.
It’s very good talk about past mistakes and learn from them. Just like now everyone should be buying the spell crypto token which is half a Pennie now abs has doge neme potential.
Great video. Very informative. I would love to hire you as a financial consultant. What would you tell someone who has 70k in savings?
Invest in real estate.
I've teased you on your plastic bag folding video. Friendly tease of course.
And so my biggest money mistake is not watching your UA-cam videos in a timely matter due to my busy schedule and then, not following your advice on top of that.
I am folding my plastic bags now😁
I also use my bag folding method still. Only when I get too many. Cheers and happy holidays!
@@BeatTheBush Happy holidays to you as well ☃️🌲 🦌
The competition has been coming for 10 years almost smh
What’s EVs?
I bet everyone has some kind of regrets.
You'll slowly realize he never says NOT GETTING MARRIED was one of his biggest money mistakes. Don't get married it's a trap @_@
For the love of God man, just hold your TSLA for 10 years and get rich. How many times are you going to paper hand it and regret it? I figured you learned your lesson when you sold it in early 2020.
The fact that you have thousands to put in and then cash out , is funny to me
Any thought on why Elon is paying 100% in taxes when he could of some what soften the blow and made donations and other tax deduction.
On his Babylon Bee interview be said the shares were from exercising options. I think he's rich enough that he doesn't actual care about the taxes and doesn't want flak from politicians.
Buying a Tesla instead of putting it all in Tesla shares was your biggest mistake.
He is getting more youtube viewership for buying tsla car after all
for algo...
Everybody makes mistakes
Tesla the time to buy is now and the length of time to hold is forever
What about the time you sold ALL of your stocks during COVID when the market tanked 😝.... That deserves to be on this list
Did he actually do that??? Wow.
@@thedopplereffect00 yup... Check out his videos from around the start of the pandemic
@@Soljarag5 I just kept investing according to my 80/20 target and didn't worry about it.
@@thedopplereffect00 yup, I was actually sitting on so much cash....so I was buying ETFs every week during the covid downturn
Yes, I probably hit all 5
Even if you had 4 million, you would have liked a little more, sometimes you need to appreciate what you have
Beatthebush teaching us how NOT to invest in Tesla lol
You are being itchy on tsla the hold stock while being the bag holder of doge. Dude totally messed up. You are rich but could be much richer by holding tsla all along. You could be richer than Jason debolt. Still time to change your game. I am really supportive of your channel.
Agree its never too late. I thought Google was too high 20 years ago
I just spent like 4k on action figures this year... money mistake or future investment? haha jk
🎅🎅
I like your banannas
FYI. They are hung via a string that is hooked to the vent higher up. Minimalist.
Snow ball snow ball Francis
My only real question....what did you do to start out with a net worth of 1M?
None of these is a real mistake.
I like your realistic view on Tesla