Your behavior is the main reason why you cannot fix your finances.
Here are 10 things that prevent you from building wealth:
Here are 10 things that prevent you from building wealth:
• Credit Cards
People dig their graves by using credit cards and not paying them.
Credit cards are maxed out, interest accumulates and debt piles up.
As a result, they get caught in a trap that's nearly impossible to escape from.
People dig their graves by using credit cards and not paying them.
Credit cards are maxed out, interest accumulates and debt piles up.
As a result, they get caught in a trap that's nearly impossible to escape from.
• Impulse Buying
There is no need to upgrade your lifestyle every time a new product is on the market.
Some people buy phones and electronics every single year.
Companies brainwash people into thinking they need their products.
There is no need to upgrade your lifestyle every time a new product is on the market.
Some people buy phones and electronics every single year.
Companies brainwash people into thinking they need their products.
• Diets and Fitness Fads
You got fat in 30 years and you think that you can shrink with a miracle cocktail promoted on TV?
If you want to get in shape, stop eating like a pig and take your ass to the gym.
The miracle products are your mindset and habits.
You got fat in 30 years and you think that you can shrink with a miracle cocktail promoted on TV?
If you want to get in shape, stop eating like a pig and take your ass to the gym.
The miracle products are your mindset and habits.
• Health
The longer you postpone taking care of your health, the more problems you will create.
Your health is priceless. It is way cheaper to pay a doctor than to pay for life-saving surgery.
The longer you postpone taking care of your health, the more problems you will create.
Your health is priceless. It is way cheaper to pay a doctor than to pay for life-saving surgery.
• Upgrading Technology
It isn't smart to upgrade new technologies yearly when you don't even have money.
The reality is that you want to look cool and bougie.
Use your electronics if they are still functional.
Tech companies will never stop making new products.
It isn't smart to upgrade new technologies yearly when you don't even have money.
The reality is that you want to look cool and bougie.
Use your electronics if they are still functional.
Tech companies will never stop making new products.
• Flexing in the Club
You feel like you are on top of the world popping bottles in VIP sections.
The truth is that you will go back on Monday to work long hours to make up for these expenses.
The club owner is the one benefitting from your income and labor.
You feel like you are on top of the world popping bottles in VIP sections.
The truth is that you will go back on Monday to work long hours to make up for these expenses.
The club owner is the one benefitting from your income and labor.
• Food
When was the last time you evaluated your grocery purchases?
Stop buying fresh produce if you are going to throw it away in a week.
Frozen goods are just as healthy, last longer, and can be cheaper.
The average household throws away $20k a year on food.
When was the last time you evaluated your grocery purchases?
Stop buying fresh produce if you are going to throw it away in a week.
Frozen goods are just as healthy, last longer, and can be cheaper.
The average household throws away $20k a year on food.
• Gambling
I'm not just talking about the casino, I'm talking about Draft Kings, fantasy leagues, and scratch-offs.
There is no get-rich-quick strategy so quit wasting your money on nothing.
The odds of becoming a millionaire in the US are higher than winning the lottery.
I'm not just talking about the casino, I'm talking about Draft Kings, fantasy leagues, and scratch-offs.
There is no get-rich-quick strategy so quit wasting your money on nothing.
The odds of becoming a millionaire in the US are higher than winning the lottery.
• Vaping & Smoking
Vape shops are designed to prey on vulnerable people with addiction. Smoking a pack a day comes with a $ 2.5k-a-year price tag.
Both habits come with long-term health dangers and steeper healthcare premiums.
Do yourself a favor and quit.
Vape shops are designed to prey on vulnerable people with addiction. Smoking a pack a day comes with a $ 2.5k-a-year price tag.
Both habits come with long-term health dangers and steeper healthcare premiums.
Do yourself a favor and quit.
• Going out
Humans are social animals. As such, we need to interact with people.
The issue is when you do it every single time.
You don't have to go out for fun or drinks with friends.
Think about the dollars that you spend when you are out.
Humans are social animals. As such, we need to interact with people.
The issue is when you do it every single time.
You don't have to go out for fun or drinks with friends.
Think about the dollars that you spend when you are out.
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I write about
- Personal Finance
- Investing
- Wealth
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I write about
- Personal Finance
- Investing
- Wealth
Subscribe to receive a free guide on the top 5 ETFs to hold for life: bit.ly
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