7 Money Habits That Keep You Poor

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ClearValue Tax and affiliates and related parties do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!

[yumearia]

Basically boils down to two things, "Don't waste money on BS stuff and learn to do math" :)

[goldeneggduck]

1. Lifestyle inflation
2. Pay more tax than legally required
3. Spend to show off
4. Load up on bad types of debt
5. Not tracking spending
6. Not saving not investing
7. Overspending

[jennifercrosdale]

My husband was laid off and out of work for 3 years. I worked a full-time job and 2 consulting gigs to pay our bills. It taught me to never have expenses that will exceed a single income. Hubby and I have been consumer-debt free since 2008 and it's really nice. We track our expenses which shows us exactly how much we spend and set limits for food/eating out/booze and have a goal to put 25-30% into a high-yield savings. We are trying to buy our first place and we are in our mid 50's.

[AlexPGA]

This guy is gonna be regarded as one of the greats in the future he’s just so honest and real

[ArchieS.-wulx]

"any DUDE with Louis Vuitton..." I died laughing out loud. I know way too many of these. Forking over several hundred for just a belt or a tiny card wallet. Good advice Brian!

[jonathansoto]

I stopped going to fast foods through the week, now I bring food from home. It saves me a ton of money

[StuartGrand]

"I have an amigo" caught me off guard haha

[Jazzycat]

3:58 “The magic blackmailing words.” 🤣
Brian you crack me up…all the time! 👍

[DoubleOhSilver]

#8: allow your government to print money faster than you save.

Happened to me. Avoided 1-7, forgot about 8

[goldrumble-rwji]

im not addicted to gambling im dedicated to winning -Sun Tzu

[ChristensenStringStudio]

This video, and this channel should be required viewing for every 18 year old in the country. Then again when they are about to graduate from college.

[davidj]

If more people are like you, this would be a better place.

[jole]

I only recently realized how important it is to track your Made a budget for myself and figured I could just "play it by ear" for the first year or so. A few months ago I took a look at my cc statements from last year and found I was spending over $500 per month in unnecessary purchases. You might think I'm just dumb for not realizing how much I was overspending but those $20-$50 purchases really can add up without you ever realizing. Especially if your budget is aimed toward living below your means

[alfredbernal]

Bad/good spending habits are very costly nowadays! Please start budgeting People. Thank you Brian for your time and video!

[Stoppedgetout]

OMG this was the most important gesture of public service that I have seen in a very long time. Brian, thank you for sharing a lesson that could keep people from falling through the gap/cracks when they unexpectedly lose their job or when they retire. I did those things but only after taking classes at my job. This advice is worth its weight in gold. Thank you

[dvgadd]

I won a $12, 995 jackpot and blew it all. Having money didn't make me really any happier, but it was exciting.

[happyhermit]

I’m a CPA - certified parent & Adult. Mostly competent. lol honestly, thanks for this information. I appreciate this and other videos you make.

[YTSparty]

The best thing is to stay poor. In other words, live in a very affordable home, drive a used car for 20 years, cut your own hair, never go out to eat, buy all your food at the grocery, pay off all debt, live in a low-tax area....basically live like you have amin wage income.

[SAJKAZ-vt]

Sometimes, its not your fault, they just tax the hell out of your pay check ! And then tax you when purchasing using the money that has already been taxed!

[scopesieboy]

I was really worried that I was never gonna be poor. Thanks to this video now I will be forever! Thanks Clear Value!