The 50/50/50 Rule: Spend Wisely While Young

Young adults should prioritize enjoying luxury purchases now, rather than delaying gratification for later.

### Live for Today: The 50/50/50 Rule for Financial Freedom
* 💰 "If you want something, buy it today," emphasizes the importance of **enjoying life while you can**, as many may not **reach old age**.
* 🚗 The speaker recounts a conversation with a young friend, Alex, who was torn between purchasing a luxury car or investing in Bitcoin, highlighting that **material experiences matter in youth**.
* 💡 The ideal scenario is to **balance enjoying life now with planning for the future**, as nobody cares about **wealth accumulated later in life**.
* 🏎 The speaker shares personal anecdotes of owning luxury cars at a young age, showcasing how **impressive it is to achieve such milestones early in life**.
* 📈 The 50/50/50 rule suggests spending **half your money as if you have 50 years to live** and the other half as if you have **only 50 days left**.
* 🎲 The risks of investing in volatile cryptocurrencies are likened to gambling, where the **losses often outweigh the wins** for the majority.
* 💸 Instead of chasing quick profits through risky investments, the advice is to **invest in more stable cryptocurrencies** like Bitcoin and Ethereum while **maintaining a steady income**.
* 💭 Ultimately, while enjoying life is crucial, being **smart about investments** ensures financial security **without unnecessary risks**.

If you want something, buy it today. Genuinely, if you want something, buy it today. Everybody plans their life as though they're going to live to 70 or 80. A lot of you are wrong about that; a lot of you will die in your 30s and 40s. That's

just human nature. I had this discussion with a young friend of mine named Alex a couple of years ago. When he was talking about buying Bitcoin, he had about $25,000, about one Bitcoin at the time, and he said, "Tristan, I've always wanted a BMW and I've always wanted a nice, fast

car. I don't have it." He's the guy who I then bought a Lamborghini from, but I digress. Or should I buy a Bitcoin? This was his question, and I said, "You know what, Alex? You're 19 years old, and you can't get your dick sucked in the

backseat of a Bitcoin." And what I meant by that, as vulgar of an example as it was, is that you can buy crypto at your age—maybe you're watching this in your 17s, 21, 25—and you could save for the future, plan for the future, and think,

maybe when I'm 35, I'll have all those things I've ever dreamed of. The ideal situation is to do both: have all the things you've ever dreamed of and buy some cryptocurrency. But essentially, nobody cares when you get to 45 or 50 if you

save your Bitcoin now and you're a billionaire at 50. Then you get a Lamborghini, then you get a Bentley and a Rolls-Royce and a boat. You're just some 50-year-old man with money. Nobody cares. When you're young, it is impressive.

That's why I'm going to have a superyacht before I turn 40. That's why I had a Aston Martin when I was 21 years old. That's why I have a Bugatti... when did I get that? 32? 31? I have...

just purchased the most expensive lifestyle items in the world, which I massively enjoy, plus there's a big showoff factor. I did it at the right age; I did it at a very young age, and it's always more impressive if I meet a 50-year-old

man, he shakes my hand, he's got a Rolex on his wrist; it's a completely different feeling than when a 20-year-old reaches out his hand to shake my hand and there's a Rolex on his wrist. That 20-year-old, it's not expected of him to

have that Rolex, whereas with the 50-year-old it is. So my financial advice to everybody has always been the same: spend 50% of your money as though you're going to live 50 more years, and spend 50% of your money as if you're going to

live 50 more days. I call it the 50/50/50 rule because you might live 50 more days, and that might be it. And on your dying breath, laying on the side of that road after getting hit by that female driver, you'll be like, 'I died

without ever owning a Rolex or supercar.' But I've got some Bitcoin. Nobody cares. I understand the temptation to go on pump runs. I understand looking at the results that some people have made. I understand seeing the 12,000% ups and the

Dreaming of, if I can just make that money by betting on a shitcoin, then my life is fixed. The odds are not in your favor, my friend. Pump and dump is very much like a casino. You can watch a winner walk out with a beautiful girl on his arm and

$100,000 in cash in his pocket and think, 'I dream of being like him.' But for every winner that walks out of that casino, hundreds of losers also leave that casino. You know, I heard a quote once; it said, 'The loss is always so much more to

the loser than the win is to the winner,' and it's true. You may feel good if you manage to catch a quick pump and make a bit of money on pump and dumps and on Solana meme coins, but let me tell you something: when you lose, that feeling of loss that

99 out of 100 of you who try that are going to feel, massively outweighs any benefit. If you are smart and you like crypto, buy some Bitcoin, buy some Ethereum, hold on to it. Find a way of making fiat currency to put into crypto. Gambling on meme coins is a rich man's

hobby. I gamble on meme coins; I really do, but when I lose money, I don't lose sleep over it. If that's all you've got, don't take the risk.

Tristan Tate: Want Something? Buy It Today.

Wisdom of Man

Importance of enjoying life's luxuries now

Buy what you want today; life is unpredictable.

Story of Alex and his decision between Bitcoin and a car.

Illustrates the value of enjoying possessions at a young age.

The ideal is to enjoy life and invest in crypto.

Being wealthy later in life is less impressive than at a young age.

Personal examples of enjoying luxury items at a young age.

Spend 50% as if you'll live a long life, 50% as if you'll die soon.

Regret of not enjoying life's luxuries outweighs regrets about investments.

The allure of quick riches from pump and dump schemes.

Comparison to casino gambling; many losers for every winner.

The pain of loss is greater than the joy of winning.

The high probability of losing outweighs potential gains.

Recommendation: invest in Bitcoin and Ethereum instead.

Meme coin gambling is only for those who can afford to lose.