Most of what we do with our money everyday is unconscious. The more aware you are of your money habits, the faster you can reach your financial goals. Without realizing it, you might be doing these 8 money habits that keep you poor. See if you recognize any of these bad money habits in yourself, and what money habits to break this year. These habits keep you poor, and in this video I share my best personal finance tips for breaking bad money habits and replacing them with GOOD money habits!

***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan ***
That’s my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.

__________

***BOOKS I RECOMMEND 📚***

I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)

The Little Book of Common Sense Investing (Jack Bogle’s classic advice on index funds)

InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)

Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)

Rich Dad Poor Dad (#1 selling personal finance book of all time… need I say more?)

Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)

________

***MY FAVORITE MONEY TOOLS 🖤***

YNAB (I literally can’t live without this budgeting app, so obsessed)

Wise (like Venmo but for international currencies – I use this app a LOT for my life in Mexico)

High-Yield Savings Accounts (don’t settle for 0% when you can get 3%+ on your savings)

Ledger Nano S (crypto storage hardware wallet, because “Not Your Keys, Not Your Crypto”!):

__________

DISCLAIMERS & DISCLOSURES ❤

This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!

__________

SAY HI ON SOCIAL! 👋🏼
Website:
Instagram:
TikTok:
Pinterest:

…(read more)

LEARN MORE ABOUT: IRA Accounts

CONVERT IRA TO GOLD: Gold IRA Account

CONVERT IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

8 Money Habits That Keep You Poor (STOP SELF SABOTAGE)

Money management is a crucial skill that can determine our financial success or failure. However, many people find themselves caught in a cycle of financial struggle due to poor money habits. It’s time to break free from self-sabotaging behaviors and develop healthy money habits that can help you build wealth. Here are eight common money habits that keep you poor:

1. Spending beyond your means: One of the most significant contributors to financial struggles is spending more money than you earn. This often leads to high debts and an inability to save money. Create a budget and stick to it, ensuring that your expenses are lower than your income.

2. Not tracking your expenses: Failing to track your expenses is like driving blindfolded. It is crucial to keep a record of where your money is going. Use tools like budgeting apps or spreadsheets to monitor your spending patterns and identify areas where you can cut back.

3. Impulsive buying: Instant gratification is a common trap that keeps you poor. Resisting impulsive buying is essential for financial stability. Before making a purchase, ask yourself if it is a need or a want. Consider waiting a day or two before making a decision to avoid regrettable purchases.

4. Neglecting savings and emergency funds: Saving money should be a top priority, no matter how much you earn. Failing to save leaves you vulnerable to unexpected expenses or emergencies, which could lead to debt accumulation. Make it a habit to save a portion of your income regularly.

5. Ignoring financial literacy: Lack of financial knowledge is a significant hurdle to financial stability. Educate yourself about personal finance, investments, and budgeting. Start reading books, attending seminars, or even following reputable financial blogs to improve your understanding of money matters.

6. Relying on credit cards and debt: Credit cards can be useful when used responsibly, but relying on them without discipline can lead to a financial disaster. Accumulating debt and paying high interest can keep you trapped in a cycle of financial struggle. Aim to pay off credit card balances monthly and limit your reliance on debt.

7. Living paycheck to paycheck: If you are solely dependent on your monthly income, a sudden loss of a job or unexpected expenses can be devastating. Try to build multiple streams of income, such as investments or side hustles, to create a safety net and overcome the paycheck-to-paycheck cycle.

8. Failing to set financial goals: Without clear financial goals, it is challenging to build wealth and make progress. Set realistic short-term and long-term goals, such as saving for retirement, a down payment on a house, or paying off debts. Having goals gives you purpose and motivation to make better financial decisions.

Breaking free from self-sabotaging money habits can be challenging, but it is essential for financial stability and growth. Start by identifying which habits are holding you back and commit to making positive changes. By adopting healthy money habits, you can pave the way towards a brighter financial future.