The 6 Dumbest Purchases I Made In My 20s | The Financial Diet


100 Comments

  1. I have a I (or W for Withdraw here) because I was in the hospital getting stitches because at work the hour before a midterm I ripped a large section of skin out… Prof would not take the Dr's note to let me write it late, so I had to drop.

  2. Same with the couch, and I’m in my 40’s!! I did read measurements but didn’t have an imagination for how small in scale it would look in my large living room!! I left my living room empty for two years until I found the perfect couch of my dreams exactly to scale. I I haven’t bought another large piece of furniture without seeing it in person since!!

  3. Public transport is always better than a car bcoz it's also good exercise but in bad weather it's a pain…still u can get a cab in that scenario..and several plastic tables with drawers when moving into an unfurnished apartment…lol

  4. I feel like I should probably get a car at some point. But living in England,the public transport is great. I just cant be bothered to get a car (and also a little scared of driving on the other side of the road)

  5. My dumbest purchase was moving out at 21 😂 I was sooooo not ready for all the expenses i incurred not to mention walking off my call center job few months later …. How can I forget taking a student loan for university n picked a major I ended up hating … Long story short I'm back with my parents, I quit university I'm now at beauty college (a fraction of the cost for university) , have a part time job n I'm 3 times as wise …. Yeah I'm now 22 … My mistakes were lessons hence assets

  6. my stupid 20 mistake, was getting excited about a band i wanted to see and bought 2 tickets to a their concert but on the other side of the country…. I live in BC, Canada and i bought tickets for Toronto, tried to sell them and couldnt lost like $300 and still bought tickets to see the concert it was a $600 concert….. because i also didnt take the time to read the details.

  7. I clicked on the video, it had an ad. I skipped that ad and instead of the video, a new different ad started playing.

  8. I want a BMW 2series convertible. And I know it may not be the best purchase but Jesus Christ, have you ever drove down the motaway with music boooming and roof down?? Feels amazing

  9. I feel like most of these are common knowledge

  10. When I was a teenager I decided did I would build my first PC, however I had no experience in that, and I wanted to do an unnecessary custom water cooling system, so I convinced my parents to buy one of the biggest cases that were ever made, but we did that when we were in a trip to the United States, so I had to pay a ridiculous price for the express shipping, and not only it costed a fortune, but weighted a ton, because it was made with iron.
    So when we were dispatching our baggage at the airport, I completely forgot about the cost of sending it by plane.
    And when we finally arrived at my country, I had to go by bus all the way to my home state because it was to big to fit in the trunk of my parents car with all the rest of our baggage and other things we bought.
    So that teached me a lesson about case sizes and it's potential problems. But in other hand I still use that case, and probably will use to the rest of my life, because it really was the best case after all.

  11. We live only an hour and a half outside of the city of Chicago and driving here is a necessity. It is a 20 minutes drive to the nearest train station to take to the city, where there is then regular busses or subways.

  12. I am 26 and have worked in a variety of places. Retail, engineering, research, you name it. I’m getting my bachelor’s right now I’ve watched several videos because your stories are like alien gibberish and it’s hilarious.
    Not just this one, but all the others: what planet did you come from that you would spend money on this crap? I was raised solid middle class white people, and I could never have imagined that someone would do any of this garbage. I’m fascinated. Keep it up!

  13. I’ll buy that coat from you! Or better yet, I’ll come over and you can pay me to reach you how to style it! I’m in New York too!

  14. Celine Dion, hahaha come on, girl

  15. “Fox” fur or “faux” fur?

  16. I want a picture of the princess coat.

  17. thanks for the advice

  18. So you bullied your boyfriend into making your first dumb purchase…..

  19. Why is Mark still with you?

  20. When I was 23 or so (28 now), I bought a 1951 MG TD on eBay and paid to have it shipped to me for I think $13500. It was beautiful, but more than I could handle. My parents had always tried to guide what car I got, and this was the first car I was buying after getting a good paying job, so I was doing whatever I wanted, dammit! I was in full stupid, though, and this was a manual transmission and I didn't even notice this. I learned to drive it, it had no serious issues, but shifting on a thing you paid that much for is stressful when it's that old and it's a bit finnicky. There were no turn signals, I had to learn to hand signal. I bought a turn signal kit, told myself I'd make this work. I read that I could get it converted to an automatic but that'd cost even more money – did I want to put more into it? It wasn't my only car, though, so it mostly sat in the garage. I drove it maybe 15 times over the 3-4 years I had it, then sold it to the only guy who was interested (I did wait quite a while, and had said no to him at first) for about half what I'd paid. Biggest outright failure of a purchase I'll ever make. I might make more mistakes, but none quite that stupid. 😀

  21. I honestly believe that the fact that Americans pay sky-high tuition fucks up their entire life. I really do not think a college student should have two part-time jobs, let alone jobs that have nothing to do with their field of study (a nanny).

  22. Okay the tiny furniture KILLED Me

  23. Lol honestly i admire your honestly

  24. To pay for a car is to pay for convenience! My life is too chaotic to NOT have a car 😒

  25. Why would you buy a fox fur anything ever anyways?! Wtf

  26. This woman has self-esteem issues. The verbal abuse towards her past self is jarring and will negatively effect other young people for making mistakes

  27. If it makes you feel at all better, my first purchase after I graduated and started my career was a brand new camaro for ~38k after all the warranties and such- only to find out 4 months later I’d rather take the worst motorcycle over the best car any day- and sell the car for 23k a year and a half later after buying 2 motorcycles and a truck to move said motorcycles to the track and use those funds to buy a house. End of the day, no regrets though

  28. A huge gaming laptop. So big I couldn't take it anywhere, which forced me to buy a tablet that I wouldn't need to fulfill my college on-the-go needs. And I grew out of playing games in just over six months.
    A good laptop (that would actually allow me to play whatever I was into at the time) would've cost literally half of the gaming thing – nevermind not buying the tablet at all.

  29. That was a Hyundai Elantra and not an accent

  30. I listen to you every morning, your channel is super!

  31. Generally, I’m rather decent with money but I’ve had a number of lessons 1. Not selling my textbooks… huge regret. 2. Over gifting instead of saving money; generosity is a virtue, but so is prudence! 3. Spending a lot on hobbies that I’m no longer obsessed with… hello sterling silver open hole flute and Kawaii MP11 4. Not living with my parents for as long as I could 5. Buying things I didn’t love… thx sub boxes 6. Amazon bc convenience? 7. Any other interest that didn’t last more than a month… supplements, prepaid expensive gym classes, etc. 8. Switching jobs too often to be promoted (income loss potential) 9. Time consuming expensive beauty products that I don’t use… hair styling products, Nuface, etc. 10. Grocery food waste… buying in bulk then getting tired of it, throwing out leftovers, etc. 11. Expensive special occasion clothing; sorry no one will remember that ONE dress that ONE time lol 12. Not returning stuff 13. Not working out… the fluctuating weight makes me keep a wardrobe with 3 sizes bc well you never know what size I’ll be next month 😂 14. Buying two gorgeous ragdoll kittens that I had for one very very spoiled year of their lives… these cats ate better than me and saw the doc more often than I did! Irrational in hindsight… love makes you do crazy things! 15. Rowing machine that I no longer use

  32. My dumbest purchase are shoes from H&M, Primark or any of those shops. Their quality is so bad ;(

  33. I really wish you didn't curse. I would love to watch your videos with my husband but we have a little one. It's your show, though, so just a suggestion.

  34. I spent 900 USD on a gym membership that I only went there ……twice……
    What an experience…..

  35. I like your page!!!!

  36. Poor mark haha

  37. Spent $32,000 for an unaccredited degree from a now defunct chain of culinary schools

  38. I love your hair 🙂

  39. Cuss much?

  40. I bought a house… shitty one , next to my mother in law no less, that has needed non stop repairs. Still live in it ten years later. 👌 just got home after being evacuated after the second (!!) leak&water damage. Also, there are five of us and we have ONE small bathroom/toilet.

  41. Is there a teen section? Lol. I sent alot money on food and wine. Fun times

  42. Also on Starbucks and makeup

  43. 1. Over $2000 on an online game (over the course of several years, but STILL)
    2. Takeout multiple times a week for 5 years.
    3. I spent $200 to buy a complete set of sailor moon plushies. I don't even know why.
    4. 95% of the crap I've ever ordered off Aliexpress/Ebay/Etc
    5. A $45 giant stuffed Alpaca. Nuff said.
    6. Doc Martins half a size too large. I should have made sure they were the right size before I bought them and wore them outside.

  44. let us see the coat!!!!!

  45. I once bought a starter pack ($400) for one of those party hosting side hustles and never did anything with it. Ugh. I cringe at how starry eyed l was at the idea of making more money on the weekends until l realized l had to talk in front of people! Didnt work out and l was out the money with no return. Not a good investment at all.

  46. Even though this video is like two years old, but it still is inspiring and educational. I have made TONS of dumb purchases in my twenties and most of them have been makeup especially cheap one. I have learned the hard way and wish I was not such a burden on my parents since in my country women usually don't work and depend on husbands, brothers or parents for every thing. The second dumbest purchases were clothes which once ran out of fashion were of no use. I have now limited myself to especial occasions only and I no longer care about fashion. Once I have spent money on something it will stay whether the fashion remains or changes. I no longer care about the eye rolls on my clothes since these people are not paying my bills for me. As for makeup, I do buy expansive brands but only sale and I use as little as possible now.

  47. Id say my dumbest purchase was when 19 yr old me had my first job and lived at home. The sheer amount of clothes that I used to buy!! (Were talking like $200 a WEEK for like 6 months). I do actually still have some of those items (my fave winter jacket $150 down from $350 and it gets worn every single year for the last 7 years) but no were near enough to even BEGIN to justify how much I bought. Ah well, you live and you learn!

  48. I love you

  49. When I was 18, I bought a tiny "haunted" vase on ebay for 200$ back when the "metaphysical and magic items" section still existed. I've never told anyone this, the shame is strong.

  50. I'm from a small enough island town in washington, but we are lucky enough to have public transit in our county, as well as in neighboring counties! The one on the island is free! I, as well as many people I knew used it regularly. Now I live in a different county but a ride is $1, or you can buy a monthly pass for $25. I use to use it to commute to work everyday, but now I'm close enough to walk.

  51. So….. I'm 18 and my passion is playing the tuba, like I wanna audition for a military band and do that as my career for a while. I want to save a few thousand every year for 4 years and buy a Miraphone horn that costs between 10 and 12 grand. I'm currently renting the tuba I use for my bands and it's a literal fucking piece of garbage. My dad thinks this is a TERRIBLE idea, but this is the one thing I'm passionate about and am willing to spend lots of money on! There is a serious sound and playing difference, and I know this is something I would like to do for the rest of my life. Advice?

  52. I spent $6000 on nautical ship horns that I ended up giving away. I made some cool memories but still.

  53. these people are less than worthless devolved human waste that needs to be disposed of in a sustainable way – ASAP — it is a tradegy these dumbfuct unsustainable creatures even had to exist to make the world a worse place only to end up in an eternal hell and dragging everything they come in contact with with them. We have learn from the mistake of allowing these creatures to even exist and learn how to eradicate and prevent these problems/creatures from ever existing again.

  54. I spend too much on food and coffee😔

  55. that coat is hella cute tho

  56. point being: worst purchase to ever buy a fur coat… is because it has real fur. let animals wear their skin. the fur industry is horrible.

  57. The dumbest purchase of my 20s?: My entire blackjack habit.

  58. Im my 20s, as I was learning to play guitar, I bought an Orange Rocker 30 amp for 1500$ because I thought it looked cool… That monster was way too powerful for the old apartment I was living in… I never turned the volume knob at more than 1 out of 10… I sold it kind of in a hurry for half price when I moved…

  59. I absolutely feel the college thing. $28,000 per semester 😅💸 I feel horrible all of the time.

  60. You should sell that coat!! I’m sure you could get a dope profit

  61. I did worse things in my 20s than anyone else I know!

  62. It might seem mean but I respect you and your advise less knowing you don’t have a college degree

  63. i hope you got that dog at a breeder instead of a shelter! you can't be too careful with dumpster-dived dogs!

  64. The coat was a bad purchase because a defenseless animal was skinned for it

  65. Thanks god i am German and Pay 300 € for one year in university

  66. I paid 2000 extra dollars when I was buying my car because the salesman convinced me to get an extended warranty type thing that I didn’t really need. I also didn’t know how to haggle so I just said yes ay the first price I was given. Long story shot it’s 2 years later and I still owe more than the car is worth.

  67. I appreciate your video but i really can't relate myself to your story. Do many people have similar experiences with the story? 🤔🤔🤔🤔

  68. I wouldn't say these dumb purchases were mistakes. Of course everyone makes unclever purchases at a time, but we wouldn't be who we are today without our mistakes. We learn from mistakes.
    We spend money on cars or clothes to find our way. When one gets his/her driving lessons, the person loves driving. It's just the feeling of freedom. And we need to buy some weird clothes in our teens to find our fashion styles and try out things.

  69. Love your makeup

  70. God I know the people in my life, Rachel Lee, whole their breath when I entered college. They must have said this stupid girl when she graduates she will have a million dollars in fucking debit. Everything went wrong when I started, the whole world said HELL FUCKING NO. Am still in college with no current loans and is almost finished. I only thank my myself and I!!!!!!!!!!

  71. I live in London, where you can't actually get into central London any other way but via the underground, my parents insisted that I get a car but my work is within walking distance and the train can get me anywhere I need to go. Yes ofcourse it's convenient but for me personally right now it is in no way necessary.

  72. Have you considered selling that coat?

  73. Adopt a rescue dog/cat from a shelter rather than buying an expensive pure breed from a puppy mill. They are smarter and healthier and their need is great.

  74. ugh, the college class one. i wanted to take a class at a community college, while working full time. i had to drop it because i couldn’t give it my all while being stressed about work. sadly a waste of money (still “cheap” for college bc it was community, but still) AND having that permanent incomplete on my transcript (which matters for graduate school).

  75. THANK.YOU.

  76. University was my worst mistake. Fell into depression from it, my anxiety went thru the roof, i flunked out and now i'm 25,000 in the hole

  77. I sometimes wonder if people like you were brought up by human parents!? Wtf! Your parents were either ridiculously rich or ridiculously irresponsible to not teach you the basics of living as a middle class individual.

  78. The money you spend is the money someone else will spend in your business or the place you work for.

  79. I feel like paying anything more 100 dollars for a purse is a bad purchase. Idk of my price range is too narrow? What is most peoples price range?

  80. so now it's measure twice – buy once? 🙂

  81. I chose an apartment that was way too big for a single person! One room plus a kitchen was perfectly fine! I felt that I had to fill the whole apartment with furniture that in the end turned out completely unnecessary

  82. Dumb purchases I made would be buying the cheaper option. Because they usually end up so bad that I have to get the more expensive option anyway.

  83. I took the train every day to work for a few years. And buses

  84. I put a moratorium on decisions. Like, wait a day or two (or more) to think about whether to Do something, or make changes. Sometimes, making changes can be worse. Sometimes not. That's what time is for

  85. Just ask my sports equipment, which has been underused over time, ugh, like 2500 bucks right there… But hey, I realize the mistake now and can do better.

  86. Listen I will live my new car before I get on a bus damn it…

  87. Is no one gonna talk about her dog who struts in 9:50

  88. Where can i get that blouse tho.

  89. When I lived in Houston I used a few apartment locators. They were free. Apartment apps are available.

  90. I spent $40 on a loose leaf tea that I used to get in Teavana stores, and the amazon version was tasteless unless I used literally a quarter of the tea to make one cup. That’s four $10 cups of tea, I am NOT Rockefeller and can’t afford that.

  91. Actually I think I made my mistakes in reverse. I was really responsible with money and money decisions in my 20's. Instead of getting wiser with age I became careless. E.g.. I do live in Canada with very freezing cold winters, however, I do not need 5 fur coats. I only wear 1 , the Norwegian Blue Fox twice per season. Once for Christmas party and then going out for St. Valentine's dinner, and 1 year it even rained so I couldn't wear it. They all hang beautifully but usual in my closet from Dec. – March and then are kept in cold storage at a furrier location. But I still cannot bring myself to sell them.

  92. Getting a credit card. Buying brand new cars. Living off a credit card

  93. Overpriced fancy skincare!! Often the drugstore products work just as well or better. Or just spend the money to go to a dermatologist

  94. My husband and I went to a Home & Garden Show shortly after we bought our first house and impulse-bought a giant Love Sac and a home gym (opening a credit card for both). It took us forever to pay them off because of other dumb decisions and we definitely got made fun of for the Love Sac which we no longer even have because a stray cat we were taking care of peed on it. 🙁 Lesson learned!

  95. Anyone know what was she doing at college if she doesn’t have a college degree? Did she fail?

  96. OMG. . That is MY Coat! Seriously…and yes! it was REALLY Nice. However… I do have an excuse. First… I got it on sale for a little over $200… not $500.
    Second: It was for my wedding day.. in February, AND what I actually WANTED to wear was my year old, Walmart ski parka… but my maid of honor (the only other member in the wedding party besides me & the groom)… would not let me wear it. Probably a good call.
    My "wedding gown" was a sweet, used, ivory party dress I already had… original cost? App. $35.00.
    Total cost of wedding? Under $500.
    So… that blue wool coat was… all in all … justifiable EXCEPT for the fox collar part.. which I regret to this day and would never ever buy a real fur again.

  97. My dumbest purchase was going to college.

  98. I've done the online couch purchase 🙈 I bought a sectional from Amazon for $700 because I didn't want to spend 2500 on an actual sectional. Suprise suprise, it was sized for children or maybe like some small Chinese people living in a tiny apartment. 😂

  99. It's not quite that simple to read the product description or measurements in a different country to your own and a different language..just by the way Hahahaha

  100. Chelsea talks about more of her worst financial decisions here: https://youtu.be/O5tFEUwon18

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