'I'm a self-made millionaire – here's why you should never buy gift cards as presents'
Self-made millionaire Mark Tilbury argues against purchasing gift cards, labeling them as ineffective and a waste of money compared to cash gifts.
Mark Tilbury, a self-made millionaire and successful YouTube personality, has stirred debate over the common practice of giving gift cards as presents. In his perspective, highlighted in a recent online video, Tilbury suggests that gift cards are essentially a 'scam' and not the thoughtful gift many believe them to be. He points out that while gift cards are convenient, especially for those unsure about what to purchase for loved ones, they often lead to wasted money, with many consumers forgetting they even have them or failing to utilize their full values.
Tilbury's critiques are rooted in a broader financial conversation that emphasizes the importance of gifts that provide actual value to the recipient. He asserts that opting for cash instead of gift cards allows recipients the freedom to spend as they choose, potentially avoiding the disappointment of unused gift cards which contribute to a culture of financial waste. His perspective challenges social norms surrounding gift-giving and places a spotlight on how financial awareness might influence our gifting choices.
Moreover, Tilbury’s stance may reflect a larger trend among younger generations who are increasingly prioritizing practicality and financial literacy, particularly when it comes to money management. This conversation serves both as advice and a call to reconsider conventional gifting practices, advocating for more meaningful gifts that align with the recipient's needs or preferences.