The worst decisions I made between the ages of 25-35

Thinking that you already know everything, or let’s say almost everything, is dangerous. That’s why between the ages of 25-35 you have a period of important personal growth. At least that has been my case. You make decisions based on intuition and conviction but without experience.

 

1 Buying a second-hand A3 for more than 22,000 euros
2 Paying 1,500 euros in rent for a flat that is too big
3 Not saving or investing a single euro

Buying a second-hand A3 for more than 22,000 euros

Today I know that buying a car that you pay for month by month is a stupid decision. Between 200-400 euros (depending on the car) are spent each phone number library month on something that you have really enjoyed to the fullest in the first 4 weeks. Nobody needs a new car if you can buy a second-hand one for little money, pay for it all at once and stop paying for something for years that you really shouldn’t have allowed yourself.

 

 

phone number library

Paying 1,500 euros in rent for a flat that was too big

In the first few months after leaving the bungalow where 10 of us lived during the first weeks of our start-up Coguan, my then girlfriend (now wife) lived whatsapp resource together in a flat that was too big on the outskirts of Madrid, paying 1,500 euros in rent each month. It was crazy to pay so much! Luckily, the family that rented it to us came back from New York early and “kicked us out” of it. We ended up paying 1,000 euros, which was still a significant amount.

Not saving or investing a single euro

Money was my last concern until I was 35. Before, I simply thought that money was going to be “collateral damage” of my business success, which ba leads in the end resulted in closing the company after 5 years of riding a dead horse. Today I see that if I had set my mind to it, 2-3 more flats would have been paid for by now. Investing in real estate is the easiest way to solve the money issue when you are 50-60 years old or earlier depending on when you start.

As I said, it is a dangerous age. At least it has been for me. I have had a certain arrogance that I did not perceive in that way at the time. I thought I already knew a lot about life when in reality I had no idea. Let’s see what I will say in 10 years about the next phase that will end soon (35-45).

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