14 Habits Keeping You Poor

Habits are the foundation of success and equally bad habits will create failure. Learning the habits that block you from financial success and keep you poor is the first step to overcoming them. By identifying and addressing these habits, listeners can begin to build healthier financial habits and achieve greater financial stability. Tapping into some of the latest research from Psychology to just the best simple advice available this episode will showcase some of the obvious and more subtle ways that we create trouble for ourselves and our financial situation. Learn how to get your banking situation and costs of living under control and have more time and money for the things that matter in life. - - - Connect with Sam: Sam's newsletter on creativity - Explosive Thinking Watch the pod - YouTube - Growth Mindset - - - Chapters 00:00 Introduction to Habits of poverty 00:28 1st bad habit - Starting tomorrow 00:56 2nd - Starting too many and not finishing any 01:49 3rd - Paying yourself last 02:56 4th - Not investing in yourself 03:38 5th - Reading a lot and not doing 04:32 6th - Not knowing your income or expenses 06:06 7th - Getting comfortable with bad debts 07:31 Ad break 07:45 8th - Not having an emergency fund 08:58 9th - Lifestyle inflation 10:31 10th - Hanging with the wrong crowd 11:38 11th - Blaming your circumstances 12:38 12th - Focusing purely on savings 13:19 13th - No investing Strategy 14:41 14th - Waiting for perfect conditions Topics Bad vs Good Debt Increase your savings Creating an emergency fund Dealing with lifestyle inflation How others affect our money habits Action over education Investing in yourself Practical Manifestation Salary increases Fixed mindset vs growth mindset thinking Develop growth mindset habits Good money habits Learn more about your ad choices. Visit podcastchoices.com/adchoices