[00:01] anything else. Number one is a good chef's knife and a pan. So, the average eating out, and me personally, I was spending close to 600 or 700 bucks a month in San Francisco. I found that the barrier is just usually having good
[00:14] cookware. So, if you can get a knife like the Victorinox Fibrox and a pan, I have two, one's from Our Place and the other's a cast iron pan. These are both high ROI purchases. Number two is a good quality mattress. If you live to the age
[00:27] of 80, you will spend about 25 years of your life sleeping. So, most people are not hesitant to buy the new iPhone for 1,200 bucks, but they won't invest that they're going to spend a third of their life on. I would invest in your sleep,
[00:41] three is a reliable used car. Let's say you buy a three-year-old Toyota Camry for $20,000 instead of financing that brand new one which costs you 35k over 72 months at a 7% interest rate. Not only you're going to save $3,400 in
[00:55] interest, your payments are going to be a lot lower as well. And a like a new one and most of the depreciation has been chipped away already. Number four is the Roth IRA. If you max this account every year starting
[01:07] in your 20s and you invest in index funds, by the time you're 65, you'll have well over 1.9 million dollars tax-free. It takes 15 minutes to open investing accounts out there. And the idea with all of these items today, they
[01:20] but I would love to hear from you if I missed anything. What purchase do you think is mandatory for life? Let me know down below.