 Like I said earlier, when you get to be later in life after a couple of decades in the past, since you've been in high school, since you're out of college, like, wow, I can't believe that happened. That was so long ago when you think, man, some of you guys are just out of college. You think, wow, college is 20 years ago. That time will go by so fast. And you'll find that at that juncture in life, you'll look back and you'll define yourself differently. If you work to support a lifestyle, that stuff just comes and goes. It changes with the fads. But if you work to support your life, the kind of life that you want, you say, hey, I don't want my life to look later on. Do I want to be able to travel when I'm in my 40s, 50s? Do I want to be able to retire at age 55? Right now in your 20s, I mean, you've got the whole, you say, I've got time to make mistakes. I can go here and do this. I can do this. I really have to think about money. Retirement's not that close. That's way off in the distance. But that, man, it comes steam rolling along. So when you're 20s, you really got to avoid that materialism trap. The myth of the American dream, what is the American dream that we just saw in the past couple of years totally implode and blow up? You even know what is the American dream, to own a house, exactly. And everybody invested in houses. Man, I'm going to trade up. I got this one. I'm going to buy a couple, rent them out. And the whole housing market crashes. Everybody's got a short sale. People are walking away. People's credit, these are going to be destroyed for a few years. Because they thought, hey, this whole thing, this is going to make me happy. And a house, a nice house. And I've got friends that lived in some of the nicest houses in Orlando. And knowing them and having talked to them, and been in a relationship with this guy, being a close confidant, I know that the house had nothing to do with his equation of happiness. The house, a car, anything that materialism has zero to do with your level happiness in your life. So you got to avoid the trap of materialism. Let's see. Along with that, if you fall in that trap, you'll make the fourth mistake, is amassing personal debt. And we live in the culture where you can buy everything on credit. No one sells anything on price anymore. Everything is sold over time. And that's been the way for about 30 or 40 years. Marketers, salespeople tell you, hey, when you see the car commercial, in the little, let's show you the number of the price of the car. But in the car commercials, what's always the thing that they advertise? Drive this for $4.49 a month. You can lease this car for $3.99 a month. So they sell it on payments and time. People are like, hey, man, I'll sign up for that. I'll sign up for some debt. So I've driven nice cars. And I've driven beaters. I've gone from the beaters I drove in college to driving nice cars to realizing, hey, that's not that important. So I'm going to drive a car that's paid for. If I have to fix it every now and then, that's fine. But the car, again, has nothing to do with your equation of happiness. It has nothing to do with the level of woman that you're going to attract to your life. It has nothing to do with the level of friends that you're going to have, true good friends that you have in your life. So you have to be careful of that. Some of the things in your 20s that you collect debt for, college loans. If you want to go to grad school, people instead of working and putting themselves through or trying hard to get a scholarship. I'm going to get a student loan to go to grad school. I'm going to put the stuff on my charge card. Credit card debt, car loans. My rule is that I should have stuck to before I met my ex-wife. Hopefully she won't see this. It's on the internet, maybe she will. But if you can't, you probably, maybe you guys have a grandfather that went through the Depression or maybe a great-great-grandfather. Hope I'm not that old. If you can't pay cash, you don't need it. If you live by that maxim, your whole life, if you get involved with a woman who becomes a long-term relationship and you have living together, if you can ingrain that in your brain and she's on the same book and the page, you guys will have a huge amount of financial success. You should. If you don't have, you can't pay cash for it, you don't need it. The only time that I think borrowing is good for you or leverage is for a business venture that's going to make you a profit. You're pretty certain about it. Borrowing money for a risky venture is stupid because there's all kinds of people that are willing to take your money. But if you've got a good solid business plan, you've got a team of people put together and you know that this thing is, everybody's going to put 100% effort into making it work. That's not a bad time. I borrowed money for business. Capital is easy to raise in America. If you're a sharp guy and you've got good ideas and a good solid business plan, you can go out and you can find people that will, there's, to raise a million or $2 million of capital, it's not a lot of money these days. But if you've got a business venture, it's easy to find that if you've got a good plan, if you're on the ball. And that's probably the only time to borrow money in your 20s. If you did that, you've got a good business plan. The other thing about amassing personal debt, you say, well, you know, I understand the car, I'll just drive the car that I have, I'll pay cash for it, that's good, I'll fix it. Because in the long run, fixing the car is as much as making the monthly payment and you're not indebted to it. But you know a house, a mortgage is a good idea. Who's got the cash to buy a house? Man, I see this house and it's decent and in today's market it's $250,000. I can't be wrong, get a mortgage. And what we've found the past couple of years, getting a mortgage is not. Housing values don't always appreciate. We've seen them drop off. Most of the markets, especially in Orlando, we haven't even hit the bottom yet. It's another 12 months before it hits the bottom. So people are going out and buying houses now, they're gonna be hit another 12 months. People are trying to jump off their sinking ships, foreclosures, short sales. So the mortgage is not always a guaranteed thing. The house is not always gonna go up in value. The house that you live in is not an investment. If you ever, Amy has ever heard of Robert Kiyosaki, rich dad, poor dad, cash flow quadrant. He's got a line, a bunch of books. Great books to read for you for money, for financial. But the house you live in is not an investment and we've learned that in the past few years. A house that you buy and rent out with a positive cash flow and you got depreciation that you're writing off on your taxes. Now that's an investment, but your house is not. The other thing with amassing personal debt or getting a mortgage or getting a car loan is that it ties you down to one location. When you're in your 20s and you're not married and you're not in a long term relationship with a woman or you don't have any kids, this is the time to see the world and to travel. And if you've got bills that you have to pay here, if you've got a car payment you gotta make, you're upside down in. If you find that you wanna move, you'd be surprised when you wanna have a little freedom and move to a different city, maybe take another job opportunity. Well, I'm chained at this house here, wow. It used to be that that was a sign of success, but not anymore. I mean, a sign is a paid off mortgage. That is, there's the guy on the radio, he's got the financial radio show, he says, hey, that's the new, it's not the BMW that you're driving, it's the sign of your success, it's the paid off mortgage. So a mortgage is not a sure bet, it's a chain. And you can be mobile if you're not tied down to debt. So amassing personal debt, besides the pressure that it puts on your life, it forces you to stay in the job, because I maybe hate this, I wanna try a new opportunity, I wanna start a new business, but I got all this debt that I have to make this monthly nut, I gotta crack. So that is the fourth thing. The fifth thing, a mistake to avoid in your 20s is fanaticism for a group of people. Fanaticism for a cause sometimes is okay, because there's some really good causes out there. I've got friends that go and do, like they do the doctors without borders things, that's really, that's a great cause. Good to be charged up, fired up about it. But a lot of people, excuse me, in their 20s get this fanaticism, we're idealistic. So a lot of times you've seen this, I know everybody has got a friend that they knew in high school, maybe at the college, it became a religious fanatic. Show of hands, anybody have a friend that happened to? Yeah, you're like, God, they went off the deep end. Maybe they joined a cult, maybe they joined a really strict religious sect of some denomination, they're like, I don't drink anymore, I don't do this anymore, all my time is spent with this group of people. And what it is, it's maybe not that God's a bad cause. You know, maybe it's not that a political cause is bad. But what happens is people get fanatic about a group of people. And that's usually what happens when you see somebody become, hey, they've become a religious fanatic, all they're hanging out was this group of people.