5 Unbelievably Stupid Things People Saw Others Spend Money On

It's wise to be frugal regarding money, and that notion applies more than ever in today's trying economic times. But some insist on spending their hard-earned cash liberally on silly products, services, and investments.

One curious web surfer asked, “What is the dumbest thing you've seen someone spend their money on?” These were some of the best answers provided.

Stupid Things People Saw Others Spend Money On

Someone witnessed another buying into a multi-level marketing (MLM) scheme to be the boss of themselves. MLM involves selling things to the public, usually by word of mouth and direct sales

Multi-Level Marketing (MLM)

Quite a few people mentioned seeing others buying non-fungible tokens (NFTs). NFTs are a recent trend that is hard to explain. They're tokens that provide unique digital identifiers that others can't copy, substitute or subdivide.

Non-Fungible Tokens (NFTs)

One incensed poster answered that their mother had spent thousands of dollars on crystals and stones, many of which she gives to other people as gifts.

Crystals and Stones

Since Elon Musk purchased Twitter, users can verify their accounts and receive a blue checkmark on their profile by paying a monthly fee. There's a widespread view that it's a waste of money, so one dumbfounded user provided it as an answer in this discussion.

Twitter Blue Checkmark

Televangelism is one of the worst scams on the planet. It's fronted by either official or self-proclaimed ministers who devote much of their ministry to television broadcasting.

Televangelist

Swipe Up

for more finance, business, and real estate advice