ilmscore | The 7 WORST Purchases To Make In Your 20s

The 7 WORST Purchases To Make In Your 20s

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
Get rich quick schemes are now operating as sales funnels, aiming to continually upsell products.
"Nowadays this is called a sales funnel they just want to push you onto the next product and make more money out of you."
Get Rich Quick Courses
Pending
Awareness of common sales tactics, such as selling a dream, limited-time discounts, and creating panic, is crucial to avoid falling for get-rich-quick schemes.
"The best way to avoid getting into a situation like this is to be aware of the sales tactics these scammers use although the products may change the tactics are always the same they sell you the dream and give you just enough to make you want more they tell you that the product is priceless and then slash the price tag for a limited time causing you to panic and buy straight away."
Get Rich Quick Courses
Pending
Store credit cards are designed to encourage overspending and trap individuals in inescapable credit cycles.
"Always avoid signing up to store credit cards as these are usually designed for one purpose only to get you to spend money you don't have and trap you into a credit cycle you can't escape from."
Designer Clothes & Store Credit Cards
Pending
Many individuals selling stock signals and tips, particularly on platforms like Discord, are making more profit from selling the signals than from actual trading.
"These signal groups are huge nowadays on discord and people seem to love them but most of the people are often making more money selling signals than actually trading themselves."
Stock Signals and Tips
Pending
Those providing stock signals and tips are typically compensated, either through commissions or fees, regardless of the outcome for the recipient, who bears the sole risk of loss.
"When people are giving out signals and tips they will nine times out of ten be being paid one way or the other whether it be a commission or a direct fee from you taking the information ultimately the only person that can lose is you because the tipster gets paid regardless."
Stock Signals and Tips
Pending
The adage 'when the fun stops, stop' is highly relevant to sports betting.
"The saying when the fun stops stop couldn't be more correct."
Sports Betting
Pending
The proliferation of addictive betting apps offering free bets is increasing the prevalence of sports betting among people in their 20s.
"Nowadays it's more common for people to bet in their 20s due to lots of very addictive apps that draw you in with free bets to give you the taste of winning."
Sports Betting
Pending
Seeking a second medical opinion can help avoid unnecessary expenses.
"By getting a second opinion this expense could have easily been avoided."
Unneeded Medical Costs
Pending
The 'seven-day rule' is a strategy of waiting a week before making a purchase to allow for a cooling-off period, prevent impulsive decisions, and facilitate further research.
"The seven day rule this is essentially waiting seven days before buying anything this acts as a cooling off period before committing to the purchase to ensure it's actually the right decision it helps stop impulsive buying decisions and allows you time for further research."
Over Promised Services
Pending