Here is the top 10 worst purchases you can make in 2020SUBSCRIBE ► https://www.youtube.com/channel/UC0n7VW-Nfwb8tJkMePslIuA?sub_confirmation=1 Website: http://4dmbox.com Learn The 4 Simple Steps To Make Money Online Using Just A Phone And Computerhttp://bit.ly/4StepsToMakeMoneyOnline Top 10 worst purchases you can make 2020:#1 Paying For Netflix And MoreNow just paying for Netflix so you can:Netflix and Chill is not a bad thing.But Paying for Netflix, Hulu, Disney+, Apple Tv, Amazon, Etc is a bad thing. Paying for all of these different subscriptions will end up being more than what you were paying for your cable tv and other tv services like directv.#2 TimesharesYou know the pitch: Listen to our 90-minute presentation in exchange for a free weekend for two at our luxury resort. If you take the bait and purchase a timeshare, you should turn as white as a ghost.Why? Let’s say, that condo you get to enjoy for one week each year into perpetuity costs you $20,000. If, however, that unit is sold 51 more times, accounting for the 52 weeks there are in a year, the sellers are placing its value at a little over a million dollars (20,000 x 52 = $1,040,000). The real horror is, your unit might truly be worth only $200,000, and that’s before calculating yearly maintenance costs.#3 Race HorsesRace horses are fast, but they’ll drain your financial resources even faster. After purchasing a thoroughbred, you have to board, train, shod, groom, hot-walk, medicate, and feed it, not to mention, find a jockey to ride it before your half-ton steed ever makes it onto the racetrack. #4 Restaurants Restaurants, like horses, are another longshot. To start your own, you need to be far more than just a good cook, or even a great cook. In fact, cooking has little to do with restaurant success. You have to be able to manage and juggle all kinds of moving parts, including the lease, pricing, spoilage, the wait staff, vendors, permits, location, marketing … there are probably more problems to worry about owning and running a successful restaurant than there are spices in your spice rack. #5 Penny StocksA penny stock is a loose term for any stock that is not a blue-chip stock. Some consider a penny stock any stock valued under $5, for others, the threshold is $3 or even $1. The reason people buy them is they think they’re going to discover the next Walmart or Microsoft on the cheap. The problem with these stocks is they are loosely regulated, lack track records and histories, and are highly illiquid, meaning they’re hard to trade. #6 Company StockWhat better way to express your loyalty to your company than purchasing its stock. But buyer beware. The fortunes, or lack of them, could take you on a wild ride.#7 Buying A House Beyond Your MeansBuying a house is a notion that’s hard to resist because it’s an idea intertwined with the American Dream and having it all. But what you’ll have, if you get in over your head, is a house sucking up a lot of your disposable income in the form of a down payment, monthly mortgage payments, insurance, taxes and maintenance costs. #8 Staying Invested In All CashStaying in all cash is the equivalent of digging your own grave. You’ll end up with zombie money. Okay, it won’t be exactly dead money, but it’ll be close. If you need an illustration, use the Bureau of Labor Statistics inflation calculator to learn the grim truth about how inflation can eat away the value of your money and turn it into a living corpse.#9 Home Improvement ToolsIt’s might sound cool to own your own power washer or rug shampooer, but have fun storing it, not to mention paying for those and other home improvement tools, which can cost five times or more to purchase than rent.#10 Investments In Things You Don’t UnderstandMany people still don’t know what caused the Great Recession, but chances are they’ve heard words such as “swaps,” “derivatives,” “collateralized,” and “structured,” associated with the great co--- Support this podcast: https://podcasters.spotify.com/pod/show/4dmbox2/support