Nick PerryFounder and CEO of 7 Figure Cartel

Stop Buying These If You Want to Be Wealthy 💸 Brutal Truths About Money

19 Dec 2025 · 1 min

Watch on YouTube

0:41

Nick Perry (YouTube) delivers a short personal-finance advice clip aimed at people in their 40s, listing seven specific purchases to avoid in order to build wealth and improve health. The seven items named are: 'Labubus' (likely a consumer treat/novelty), alcohol, vaping and cigarettes, upgrading your phone every year, luxury cars, luxury/designer clothes, and sports betting/gambling. Perry emphasizes living below your means and prioritizing health and savings; he cites a personal example of driving a Mazda 3 for multiple years.

Chapters

These are the seven things that are a complete waste of your money in your 40s. The first are Labubus. Why are you as a grown adult buying these? Second is alcohol. Third is vaping and cigarettes. Health is wealth. Happiness is healthiness. Take care of yourself. Fourth is upgrading your phone every year like a little girl. Fifth is a luxury car. I drove my Mazda 3 for more than three years and all I needed was something that could safely get me from point A to point B. Six is luxury brands, designer clothes. The seventh is sports betting and gambling. They know that you're going to lose, which is why they make billions of dollars every year. So live below your means and just focus on making your means bigger. If you really want the Labubu or luxury car.