"You dont need to spend $50 on that video game. Or that one. Or that one. Actually, just give me your wallet, you can have it back in 10 years."
Also, start mining bitcoin.
Also, start mining bitcoin.
although i think you aren't being serious, this is genuinely poor advice.
> The reader can see my unusual notion of alternative accounting: $ 10 million earned through Russian roulette does not have the same value as $ 10 million earned through the diligent and artful practice of dentistry. They are the same, can buy the same goods, except that one’s dependence on randomness is greater than the other.
- Taleb, Fooled by Randomness
This is absolutely fantastic advice. If my 25y/o self had started mining bitcoin, and held on to that btc, I would be a millionaire right now.
Remember, this advice is for myself when I was 25, not for people that are currently 25. Obviously, mining btc right now would be a waste of time/energy unless you have a btc mining factory in your back yard.
Starting mining bitcoin on the other had, is hindsight bias, and may well not be a good recommendation anymore. Depending on where you live, electricity costs makes it hard to break-even, especially after you consider hardware purchase.
Bottom-line: run the number and think hard before joining the hype.
I know some super financially conscious folks who purposely stay one "Game system behind". Nintendo Switch is coming out? Buy a Wii U and collect games for super cheap. Hour of entertainment at a fraction of the cost.