5 Bad Money Habits Keeping You POOR and How to STOP them

No matter how much you make, your money habits will decide whether you end up rich or poor. Watch this video to learn about 5 money habits that are keeping you broke and tips to help you break them.

There are areas of your life that you can tackle to build a solid foundation with your finances. You will learn about how to set financial goals, how to avoid emotional spending (retail therapy), how to create a budget, how to surround yourself with the right set of people, and how to avoid lifestyle inflation (or lifestyle creep). Establishing good money habits and breaking bad habits in your 20s is important to ensure a smooth financial journey in 2020 and beyond.

Budgeting Apps:

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DISCLAIMER:
The advice provided in this video is for informational/entertainment purposes only. The creators take no responsibility for any actions or decisions you may take based on the contents of the video. Please consult a professional for strategies related to your specific needs.

DISCLOSURE:
Some of the links in this description are promo links, meaning that I may receive a small commission when you sign up for these services.

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ABOUT US:
We want to share our stories and talk about lessons learned while first moving to America, planning our journey to financial literacy, and adopting best practices into our lives.

As internationals, it was difficult to find relevant resources to understand the aspects of life that were different in a new country. Some of us come from places that treat the path to success as a "competition" and as a result, we shy away from having open conversations about money.

This channel is a comfortable space to have those discussions and help each other out!

#moneyhabits #personalfinance

[shivakaramadi]

Both of you are younger to me but, definitely quite few notches higher in financial planning. stay happy and together folks.

[FinancewithArjun]

Thanks for watching! We’re curious - Do you guys relate to some of these habits?
Let us know!

🕒 TIMESTAMPS:
01:21 - Money Habit #5
02:33 - Money Habit #4
03:31 - Money Habit #3
04:57 - Money Habit #2
06:30 - Money Habit #1

[manojBadam]

Great video guys .. i like the quote "You are the average of 5 people around you" this is soo true

[kashyapnegandhi]

Great video guys! Sometimes you need a reminder of all these points once in a while. Thanks

[NaNa-ltpo]

Like Dave Ramsey says, don't spend money you don't have to imporess people you don't know or care about.

[surajpatel-wzmx]

It's funny how I feel like I have known all this forever. But, when you hear someone say it. It hits you in a totally different way. Thank you for doing this video and this channel :)

[financeunlimited]

Very informative video. Useful to any earning member. Keep up the good work

[RoadtoFIRE]

There are all great habits to watch out for! I love how you guys broke this out. Be mindful of who you hang out with for sure!

[jeetsanghavi]

I just love your videos. Great work guys. I’d love to learn more about your perspective and advice on ETFs. Maybe a detailed video?

[vanillabreyer]

I'm just saying that seeing a bank account with thousands of dollars feels much better than buying random things for emotional spending.

[stephylee]

Very informative video! My strategy was working 2 jobs since I have graduated from university. I have sacrificed all of my time and effort at work in my 20s. I can feel a lil "breathe" and able to enjoy my life at my 31 years from rental and investerment return.

[BensonGitau]

Retail therapy is a new one. My ex wife was quite horrible with that

[nevilpanchal]

No friends so it’s real cool!! Btw where r u guys in U.S. ? I mean which part of U.S.?