3 worst investments. Advice for class of #2026

本站添加: 2026-06-07

[00:00:02]The three worst investments you can make as a 17 or 18 year old, especially for those of you that are graduating as this is graduation season. Congratulations as graduation in June of 2026 as we film this. The three worst investments you could make, especially at that age of 17 or 18. The first thing is to buy a brand new car, especially a brand new car that's maybe even a little bit more than you think you can afford. Might even be your dream car, but whatever that brand new car is, you're going to lose instantly, typically about 10% or sometimes even more of the value as soon as you drive that car off the lot. So, a brand new car is the single worst investment you could probably make, especially at this age. The second thing is blowing all of the money on a big trip. So, a big fancy trip, five or ten thousand dollars. You're taking that senior trip, you're taking that summer trip, you're taking vacation, especially with that in a high interest credit card. That's the second worst move you could make. And the third one, the third worst move you could make as far as investing goes, is to just be static and not do anything. To not save, not have a budget. So, kind of by not doing anything, you are doing something, which is a bad move. It's a bad investment.

[00:01:09]And so, if you want more ideas like this, and you want to learn about the best investments you can make, I talk about that in the next video. Please like and subscribe, check me out at FinancePK. Congratulations on graduation, please don't make those mistakes. We'll see you next time at FinancePK.