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NEVER buy these expensive things, because 99% of the time, they just keep you poor and broke. Yep, it's not just you...from middle class habits that keep you broke to things that are no longer worth your money, it feels like everything is JUNK nowadays. Living below your means has never been more important than ever, so do your best to AVOID these dumb purchases at all costs.
ABOUT A TO ZEN LIFE Along my journey to let go of 30 years of clutter, I accidentally became a minimalist and it was life-changing.
Before, I was an emotional hoarder with nothing but the clutter from lost loved ones — and $25,000 of debt — to my name. Now I have a beautiful home in Europe, a happy family, live debt-free, and — best of all — wake up to a life that I’m EXCITED to live every day.
NOTE: This description may contain affiliate links; these links allow you to find the items mentioned in this video at no additional cost to yourself. While this channel may earn a small amount when the viewer uses the links, the viewer is in NO WAY obligated to use these links.
Imagine spending $1,000, $50,000, or even millions of dollars on something that turns out to be a
total piece of crap. Believe it or not, that's just the tip of the iceberg when it comes to
this list of 10 expensive things that are practically worthless nowadays. And no,
I'm not just talking about the obvious scams here. I'm talking about the so-called luxuries,
status symbols, and trendy purchases that everyday people like you and me are getting brainwashed
into going into debt and getting into fistfights in parking lots over, only to later wake up and
realize just because something is expensive, that doesn't make it valuable or worth it.
And a lot of this stuff is just overpriced junk with really good marketing, starting with number
one on this list, which is gas guzzling vehicles. There was a time when owning a massive Hummer,
or a giant pickup truck, or a big SUV felt like a status symbol. But nowadays, it honestly feels
more like a financial hostage situation. And while some people genuinely do need larger vehicles for
work or towing or for large families, a shocking number of people are out there financing oversized
luxury trucks and SUVs that are more expense and trouble than they're worth. Especially with the
that gas prices are skyrocketing, because when groceries, insurance, and everyday living expenses
are already squeezing people dry, dropping $100 plus at the gas pump every few days
starts feeling a whole lot less luxurious and a whole lot more like buyer's remorse.
Right now, the average transaction costs for a Ford F-150 can run you anywhere between $30,000
to $50,000. But what most people don't do is take into consideration how much the insurance is going
cost and how much they're going to drop at the gas station to keep filling up that truck every
single week. I actually saw this being covered by CBS News the other day, and they were talking about
with gasoline topping $4 a gallon, it now can cost almost $145 to fill up a Ford F-150.
And this was two months ago, and gas prices have only gotten worse since then. I know that personally
in my area, gas now costs over $5 a gallon, and I would love to hear what gas prices are like in
your area. So be sure and drop me a comment down below to let me know how much you're paying per
gallon in your city or state. Anyway, things have gotten so bad recently that one in four Americans
are now considered car poor, meaning so much of their income goes towards their vehicle expenses
that it's hurting their ability to afford everything else. To the point where auto debt
now accounts for roughly 36% of all consumer debt in the USA, which is honestly kind of terrifying
if you think about it for a depreciating asset like cars. One reason a lot of people stay trapped
in an expensive vehicle like this is because of something called sunk cost fallacy, which is a
human tendency to keep pouring money into a bad financial decision simply because you've already
spent so much time, money, or energy on it. But sometimes the smartest financial move you can make
is admitting a purchase was a mistake and letting it go. To do a financial reset and give yourself
some breathing room, especially if you've fallen for expensive mistake number two on this list,
which are so-called new construction or luxury homes that are so cheaply made, they're basically
falling apart around you. The other day, I came across a video of a home inspector who was checking
out a $1.8 million home and it was insane how poor the quality was on everything. We're talking
electrical outlet covers on the floor that didn't line up with the sockets beneath them, huge chips
that were missing out of the countertops, problems with the electrical panel, and window ledges that
sloped backwards towards the house. And basically just tons of evidence of shoddy craftsmanship
and cutting corners wherever possible to maximize profit in an effort to pass on those problems to
any new owners naive enough to miss them. All I could think of when I saw this kind of stuff
was my grandpa's voice in my head going, they sure don't make them like they used to. Back in the
good old days, a lot of those older homes, even the modest ones, were built with solid wood and brick
and better materials and craftsmanship that was meant to last. But meanwhile, modern homes feel
like they were slapped together with Elmer's glue as quickly and cheaply as possible with paper-thin
walls, particle board cabinets, cheap light fixtures, and lot sizes so small you can practically
shake hands with your neighbor through your kitchen window while you're making dinner.
And all of that is bad enough, but what's even worse is that people are taking on massive amounts
of mortgage debt thinking that they're buying their dream home only to realize they've bought
themselves a million dollar nightmare instead. I mean, can you imagine paying almost two million
dollars for a home like that? At the end of the day, that d estimate for how much your home is
worth doesn't mean much if it means you're lying awake at night stressing out over repairs, debt,
and resentment over getting ripped off. The older I get, the more I realize the most valuable things
in life aren't the most expensive or flashy at all. It's the quiet luxuries that we often take
for granted, like peace of mind, safety for our family, and privacy, all of which are absolutely
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now. And thanks again to Delete.Me for sponsoring today's video. Now on to the next expensive thing
that is practically worthless nowadays, which are all the Too Faced sustainable clothing brands that
have sold out lately and everyone is disappointed in. I know that I was absolutely shocked when I
saw this news going viral the other day and it's been a huge topic of conversation in the
sustainability and minimalism communities. But in case you're not familiar with this story,
recently two companies that were known for their mission of sustainability have been accused of
selling out. And those companies include Allbirds, which used to be known as a sustainable shoe
company and is now pivoting to become an AI company. And then Everlane, which was a sustainable
clothing brand that recently went viral when it announced that it had been sold to Shein,
like fast fashion polluter of the environment, number one climate criminal Shein, that Shein.
And I think that a lot of people are understandably disappointed and upset that Everlane and Allbirds
have sold out to companies and principals that are completely opposite to their founding ethos.
And I think that just goes to show you that a lot of these ethical or sustainable clothing brands
are doing something that's called greenwashing, where they slap words like eco-conscious,
clean, sustainable, and ethical onto a plain beige t-shirt so that they can
charge you $140 for it without meaning any of it. Meanwhile, as a minimalist,
I've been preaching for years that the most sustainable outfit is the one that's already
sitting in your closet. And something that I honestly have always felt a little bit self-conscious
about talking about is that a lot of the clothing brands in my closet come from so-called fast
fashion brands, like this linen dress that I got from H&M, this maternity dress that I got from
Target over 13 years ago, and one of my favorite flannel long sleeve shirts that's from Old Navy.
But even though they're from fast fashion brands, I treat them as if they're slow fashion and I've
owned them for years and years and years. My hot take on this topic is it doesn't matter if the
brands that you buy from are labeled as sustainable or ethical as much as it does that you put
thought and intention into buying things that actually fit your lifestyle, your values, and your
needs, and that you can buy for life and own for years. Because it doesn't matter where our clothes
come from if we're going to treat them as if they're disposable, because the companies that
sell these clothes certainly treat us as if we're disposable. It's just like Hamlet said,
to thine own self be true. Next up on this list we have estate sales and thrift stores. And before
the internet attacks me, I just want to make it clear that I love secondhand shopping and I've
been an avid thrifter for years. But some thrift stores and estate sales nowadays have completely
lost the plot. I walked into a thrift store the other day and saw an old dinged up piece of IKEA
furniture that was priced as though it was an antique that had been blessed by Saint Martha
Stewart herself. Sometimes you'll head to stores like Goodwill and you'll see a price tag on the
thing right next to the original price tag and the price tag at Goodwill is even higher than the
original price tag of the thing. Not to mention the price tags that they put on things that are
literal trash. Goodwill is no longer a discount store. They're charging $120 for cologne. Are you
kidding me? Not even cheap plastic household items are safe from reflation. A used candle
with no lid for $9? Yeah, that makes sense. Who wants to pay $20 for a blender that might not even
work? I know this isn't that expensive, but come on Goodwill, nobody wants to buy toothpaste from
you. And who can forget the obviously fake Louis Vuitton bag that every Goodwill has behind their
glass case? At some point it feels like all of these secondhand stores and websites collectively
and conveniently forgot that secondhand items are supposed to be affordable. And I think that's one
big reason thrifting and estate sales feel so disappointing nowadays. Because secondhand
shopping used to help ordinary people save money while still feeling like they were treasure hunting.
But now stuff that's old, worn out, or even broken is getting marked up so high it barely
even feels worth buying anymore. And speaking of things that no longer feel worth it, number five
on this list is getting your nails done. And I have to admit, this is something that I cut out
of my beauty routine years and years ago. And a lot of people treat this decision as if it was
controversial and like I'm ignoring my self-care. But then recently a video from a content creator
named Valeria went viral and this woman has millions upon millions of followers. And in that
video she was talking about how much better she feels since she stopped paying to get her nails
done every single month. And listen, I'm not judging anyone here and I completely understand
wanting to feel pampered and put together and confident. But getting your nails done nowadays
is becoming absurdly expensive. And nowadays people are less and less willing to pour that kind of
money into something that you have to maintain every couple weeks or that can snap off when
you're opening a package or doing the dishes. I personally have found cutting things like this
from my budget not only saved me a ton of money but was also mentally extremely freeing. And I
recently touched on this topic in much more detail in this video about 15 unsexy habits
I use to save tons of money. So I will link that up here for you as well as down in the description
box below in case you're interested in checking it out. Number six is luxury and designer brands
which might be one of the biggest illusions on this list. Because these brands have spent decades
and millions of dollars on marketing campaigns trying to convince people that outrageously
expensive products automatically mean better quality craftsmanship and exclusivity. But lately
when people started asking questions and peeking behind the curtain everyone was shocked when these
luxury brands were exposed as having been mostly manufactured in China and then shipped overseas
for final assembly just so they could legally stamp a made in Italy label on them. And suddenly
what you've got is a lot of customers waking up to the fact that they're paying four thousand
price tags on designer purses with the same marketing strategy as the frozen pizza that
they're getting from the grocery store. And now that people are realizing all these brands are
selling is status and fantasy versus actual quality the illusion has started to fall apart even faster
and fewer and fewer people are willing to spend their money on this kind of stuff.
Next up number seven on this list might be a tough pill to swallow which is that a college
education and degree are no longer worth what they used to be. Maybe it's a bit harsh to say that a
college degree is completely worthless because there is a lot of value in getting a degree
beyond just the piece of paper that you get at the end of completing that degree. But I do think a
lot of people are starting to question whether taking on six figures of debt for certain degrees
still makes financial sense anymore. In fact just last year I read an article that broke down some
Bloomberg data that found that Americans with four-year college degrees now make up roughly
25 percent of total U.S. unemployment which is absolutely brutal because colleges spent decades
telling young people just get the degree and everything else will all work out. But flash
forward to today and people are graduating into a job market where entry-level jobs somehow require
five years of working experience three different certifications and the blood of a unicorn to be
able to get that job. Remember your cousin in China he got 15 years work experience he's nine
how's that even possible because he does five jobs at the same time. Especially now that AI
is rapidly replacing jobs that people spent years and tens of thousands of dollars training for
such as writers designers coders and what we're seeing is entire industries changing or completely
disappearing overnight. But don't worry folks because Elon Musk says that we'll no longer need
jobs in the future because we'll have universal income. Sure makes me sleep better at night. I know
plenty of people who are still working to pay off their student loans even though they're well into
their 40s 50s or even 60s for degrees that barely help them earn enough to cover rent or that they
weren't even able to get jobs for in the first place after graduating. A college degree alone
is no longer the golden ticket it used to be and I think more and more people are starting to look
for alternatives that don't require a college education. And speaking of which number eight on
this list is collectibles as investments and this is a topic that really hits close to home for me
because my dad and grandma really had me out here believing that the Barbie dolls and Swarovski
crystals and beanie babies that they were giving me for my birthday and for holidays
were really going to pay for my college education someday. And I think this idea of collectibles as
investments might be one of the longest running financial traps for middle-class families like
mine because every generation seems to have its own version of this will be worth a fortune someday.
Back when I was growing up it was Barbie dolls and beanie babies but back in my grandparents day
it was things like Hummel figurines and nowadays it's Funko Pops, Le Boo Boo dolls, trading cards
and whatever trendy limited edition collectible people seem to be stampeding towards nowadays.
I actually came across a Reddit thread about this just the other day and I'll read it out loud just
in case some of you are listening to this video rather than watching and this person writes
Antiques. My parents spent lavishly on antiques in the 1970s. My childhood was spent with coasters
always required even in my own room. I was constantly told to be careful on the furniture.
There were rooms I wasn't allowed in unsupervised because I might knock over a Ming vase or something
like this one with a picture. When my father ran into financial trouble he always counted on there
being about one million dollars worth of antiques in the house. My parents had spent maybe two
hundred and fifty thousand dollars in today's dollars to acquire their collection and he assumed
they had appreciated as antiques always had. When my father passed we had an appraiser come out to
value everything. We got quite a shock. The antique market had been flooded by all of the elderly
people dying with their huge antique collections. At the same time younger affluent people in their
30s and 40s no longer wanted or expected to pay twenty thousand dollars for an antique dresser.
Because my father's antiques were so beaten up and needed restoration work they couldn't even be sold
for the severely depressed prices that were now available. Appraiser after appraiser told us the
same thing. My father's priceless antiques were now basically firewood. Oh my god that's so
heartbreaking. I kept a couple of really neat pieces I had room for then we let a whole batch
of them go for five hundred dollars. We were happy to get that because otherwise we would have had to
pay to get them moved somewhere else. Honestly I'm just glad my father never found out that they were
worthless and I try not to be bitter about the scoldings I received for leaving water rings on
furniture that turned out to be less valuable than Ikea schlock. Honestly it makes me tear up
because I feel like I could have written that post myself and I know that I've mentioned before many
times on this channel that when I went to sell all those collectibles that my father and grandmother
told me would be worth so much nowadays they were worth 50, 75 percent or even less than what they
had paid for them back in the 80s and 90s. I don't know sometimes when it comes to this stuff it feels
like it's so depressing you actually have to laugh about it or else you're just going to break down
in tears and cry. And honestly even though I'm a minimalist I'm not against collectibles but I
think that the reason that you buy collectibles should be because you love them and not because
you think they're going to be worth something someday. Because the truth is most collectibles
aren't investments. They're speculative hype wrapped up in nostalgia, emotional marketing,
and FOMO. Instead of buying all of those collectibles my family probably would have
been a whole lot better putting that same cash into a 529 college savings plan or a custodial
Roth IRA instead. And just consider this a cautionary tale the next time you consider
buying any of these trendy collectibles. Number nine on this list is NFTs which might go down
in history as one of the stupidest financial manias of all time. Because somehow people
convinced themselves that blurry monkey jpegs were the next revolutionary investment opportunity.
This NFT was once worth 3.4 million dollars now it's worth a hundred thousand dollars. This NFT
of the first tweet ever was once sold for 2.9 million dollars now it's worth 300 dollars. And
this NFT that Logan Paul bought for 667 thousand dollars is now worth 10 dollars. And I mean I
guess you could argue that the technology behind the NFTs had some interesting ideas attached to
it but for a lot of regular people it stopped being about technology very quickly and became
about hype and fear of missing out on the next bitcoin. And unfortunately a lot of ordinary
people got burned by influencers and celebrities who convinced them to jump in and made fortunes
off of them doing so only to pull the rug out from underneath them when they did. NFTs went
from being the next big thing to something that almost nobody talks about anymore. So I guess at
this point you could say that NFTs have kind of become the beanie babies of the crypto bro generation.
And finally number 10 on this list are concerts and sporting events which have become so expensive
lately they're practically enough for a down payment on a new home. I can kind of understand
the temptation the chance of having a once-in-a-lifetime experience might be for some people
but for me that once-in-a-life experience isn't worth going into a lifetime of debt over which is
practically what you need to do with the cost of concerts and sporting events nowadays. I mean I
guess it makes sense for someone who's already ridiculously wealthy and in that case go knock
yourself out but for most people I don't see how the average person is able to go out and drop
$95,000 on tickets to see Taylor Swift or over $10,000 for a pair of Super Bowl tickets alone.
Because please keep in mind that price is just for the tickets and unless you already live in the city
where that event is happening there are still hundreds if not thousands of dollars you're going
to need to pay for things like gas or plane tickets, hotel costs, not to mention the food you
need to eat while you're there. And somehow all of this stuff has gotten so normalized that most
people don't even notice or question it anymore nowadays. At the end of the day just because
something is expensive doesn't mean it's valuable and in a world where everything feels overpriced
learning how to spend less save more and avoid financial traps like this is quickly becoming
one of the most important life skills you can master. And if you're looking for more tips and
ideas on how to spend less and save more be sure and go check out one of these videos that YouTube
thinks they'll like and don't forget to go to deleteme.com and use the code HZEN to get 20%
off and start protecting your privacy online today.