What are the most common money mistakes Indians make in their 20s and 30s?

Some sure-fire ways to hurt future wealth –

1. Bought an expensive house. EMIs ate all your disposable income and savings, leaving nothing left to diversify investments and savings. Now you’re stuck with an illiquid asset – and nothing else – while your peers are diversifying and enjoying life.
2. Bought stuff and took expensive holidays on loan or credit card and EMI. Caught up in envy and peer pressure, you spent more than you earned, borrowing money you couldn’t pay back just to prove to strangers you are more successful than you are – ironically, this made you even less successful than you are.
3. Invested in high risk investments without sufficient knowledge and education, based on tips from unauthorized sources. You blindly followed Youtube finfluencers and Telegram groups, leapt at Whatsapp tips and unproven promises from all sorts of wrong ‘uns – and now you’ve burned whatever little savings you still had.
4. Did not buy insurance while young and healthy. You thought you didn’t need it, or getting it will invite misfortune. Well, now you’re old and fat, with high cholesterol, BP, and blood sugar, and no insurance company will come anywhere near you without a 250% markup on their standard premiums.
5. Spent to impress others instead of saved for themselves. Nobody cares. nobody remembers. Only your family today thinks you’re an idiot for wasting that money.