Money Habits Keeping You Poor - 5 Ways to Radically Improve your Finances

Breaking bad money habits has been the single biggest step I have taken towards building wealth in my 20s. It's sad that personal finance isn't taught in school - but I have spent the last 8 years learning about money (how to earn more of it and grow it) from books, in my studies on my way to becoming a corporate lawyer, and in multiple businesses 📖⚖️💻

These lessons have radically changed how I handle my own money, and should help you to earn more, prioritise your spending, be tax efficient and build your wealth for a long and financially free life 💸

Other personal finance videos:

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Menos - Minimalist, sustainable design (by Liam & Beth)

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About Me

I'm a lawyer, part-time YouTuber, son, brother, startup founder, fiancé, black coffee drinker and plant dad. I graduated from Cambridge University (where I studied French and Spanish), topped my law school class and now work for a corporate law firm in London as a trainee solicitor (which takes up a lot of my time)!

Around that, I'm a big fan of discovering new ways of thinking, of balancing work with life, and of performing to the very best of my ability. Ohh, and being happy. And I try to share all that on this YouTube channel 😀

Fun fact: I believe we massively overplay the role of “natural talent” 😮 AND… I also believe that TOGETHER, WE ARE ALL CAPABLE OF POSITIVITY, PRODUCTIVITY AND SUCCESS.

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Disclaimer:
Information, views and opinions depicted in this video are my own. Information visible on screens or in documents does not relate to my work as a lawyer for clients. This is not financial advice.

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Thanks so much to AG1 for sponsoring this video 😀

[Knosferatu]

I am beyond impressed that a full time lawyer is capable of putting out quality content that actually helps people. You are brilliant, truly. Gonna keep coming back to this video for posterity. Wow.

[venlafaxinedomperidone]

Being in the UK is definitely keeping me poor. Time to move out

[matthewmchale]

Nice video Liam, clear and lots of good tips. Personal finance needs to be taught in all schools!

[Thebobster]

Cheers Liam! Great video again. Would be really interested in hearing your opinion on AI and how you think it will affect the legal industry and the profession itself.

[mghrahul]

amazing video, great advise and very clear

[Tomma]

Hi Liam, I've decided that last quarter will be devoted to learning more about personal finance and I've just found out Nischa channel this morning 😄 so this video comes really at the perfect time, thanks for your brilliant work!🌟

[KatzeMelli]

great stuff! Also i enjoyed the video editing a lot 😊

[TufailBatcha]

Eagerly wait till I see your videos pop up! It’s 1:48am and I’m watching it mid sleep here in Sri Lanka.!

Love the story telling, knowledge shared and the editing ! Keep up the good work Liam and do keep sharing more content ❤️

[proudtobeblue]

Any chance you could do a video of having several credit cards and which way is best to pay them off? Love the videos as well

[mohibquadri]

Insightful !!
Liam which type of thinking or planning system would be best when nothing is going our way in terms of results ie job search or any task ? How to encourage our own self in chaos crisis & win with a plan with proper preparation ? Are there any good which talks around this topic to extract much knowledge ??

[leeklass]

Well done for encourging to think about their finances. I was plesently surprised I went to do my online how much money I have in my current account that ves me cash back utitlties, mortgage & council tax. I also see the amount I wo my mortgage decrease & pay my credit card bill in full & on time . I have pension where my employer makes a contribution & I pay the maximum percentage in. I'm thinking ofo pening a savings account . I hybrid work but also have just over two years to run on excess fares for my travel London as my local office closed at the october last year plus I'm now on London allowance wage plus I'm a higher paid more senior role

[robbie]

all sound advice. cheers liam. very clear, thorough.

[dadbod]

Time in the market beats timing the market.

[GraceONions]

Hey Liam, loved the video I think personal finance is especially important in the time of a near recession! I’ve just started my a-levels so I will be looking into universities soon. Do you think going to Cambridge or Oxford (to study law) is worth it? If so, do you have any tips or tricks to having a successful and competitive application?
Please keep making videos, they’re super inspirational and insightful!!!

[islamaitabbas]

Hello liam I wanted to ask you a question I've research on big law firms such as Clifford and chance and it says that the base salary for 1st year associates is around 200k a year is that true or is it completely false ?

[RolemodelU]

6:20 I'd love to try it, but it is WAAAYYY too expensive

[gergocsuri]

Anyone reading this who knows what the equivalent of this would be in the netherlands? I tried to look for information on this but found nothing.

[busisiwemthethwa]

Wow I wish I was younger than what i am now, but I believe that age is just a number i will do this now thank you, Liam

[janhansen]

A friend at work have 8 kids and i noticed how much money he is spending on food and drinks at job. I asked him, do u know how much money u spend on this machine every year, and he said no. I calculated for him and he spended more than 2000 dollar each year on it. He got shocked about the money. Now he dont use that kind of money anymore... He brings bread to the work and safe money that way...

[andy]

If you defer taxes on 401k deposits, don’t u then pay taxes on all the interest vs a Roth strategy where the taxes are paid and you can keep your entire investment at retirement?