25 'Normal' Money Habits That Keep You POOR

Most people do little things everyday day that keep them poor without even realizing it. its these little money habits that add up to live changing amounts.

Check out part 2 here

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[stephanieespinoza]

My husband used to think I was "cheap", we were definitely opposites with money. He thought putting into a 401k and paying our home off early was unheard of! It took him being laid off to open his eyes to being financially stable. We have never rocked and rolled better as a couple and finances. Our net worth keeps climbing, mortgage is 4 years away from payoff, maxing out Roth IRAs, 20% goes into 401ks and we budget! Our emergency fund can cover well over a year of expenses. We now plan on having our second baby soon. Life feels so good when you tackle it together and don't let the noise of society distract you! They're trying to trick you!! Buy me, you need this.. it's all BS!! Stay the course!

[cramsa]

Eating out is a BIG ONE… also same with with making car payments etc.

[limwai]

1. Only having 1 job
2. Saving for the short-term
3. Not being on the same page with your spouse
4. Buying expense that you only use few times
5. Jumping ahead too soon
6. Monthly payment
7. Taking financial advice from the poor people
8. Food delivery
9. Payday loan

[denieseharrell]

I worked (very briefly) at a payday loan place. It was depressing. When the boss wasn't there, I would tell people how to work the system to get out of the trap. 🤫

[ChristopherJohnsonArtist]

fear is my main motivation to save! Fear of being homeless... save for a home. Fear of an emergency ... save for emergencies. I'll feel poor until I have my own home and enough in savings to pay for minimal expenses.

[landlord]

I trying to quit with alcolol addiction just because it is expensive here in Finland. For me 20€ every day. Not as big financial burden, but anyway 600€ a month (7k€ a year) is clearly too much, plus health damage.

[ramdasci]

Now a days I am thinking twice before purchasing anything. Going towards minimalistic living

[AmandaWspoon]

You can tell how poor an area is by the number of cash stores. There are at least 8 in a 3 mile radius in an area near me. Its gross and preditory that they target poorer communities. I screamed at an old friend for years that they were costing her more that they helped.

[hillaryhall]

Hey! Love your videos! I know this is an old video, but I thought I would post this comment anyway. You mention online grocery shopping as one of the things that costs you more money in the long run, but for us, that is not the case. We live a ways away from town, so it cost us probably $20 in fuel to go grocery shopping. My husband owns his own business (no employees) and I help him with that. We also have 4 kids that I homeschool. Time is very precious to us, and I get bad anxiety driving/being around lots of people. We pay $99 a year for a Fresh Pass membership at Safeway. With that membership, we don't pay any delivery fees, we get many perks with the membership such as, 5% off Organics brand, better pricing on TONS of items, points that you can redeem for a certain amount of money off your order or free items, at least $5 off your groceries every month, etc... On top of that, they have better prices than most stores I shop at. When I shop online, I tend to buy only what I need because I don't see things in the store and impulse buy. So... all that to say, we save a LOT of money by grocery shopping online, and it saves time and anxiety. Sorry, that was so long-winded. 😂😂😂 Thank you for all the videos! There is so much good information in them!

[dmsjt]

I feel like the fixation with “millionaires do so you should do it” is really weird. Society cannot be structured that way. Trying to be a millionaire isn’t what we should be shooting for. We should be shooting for having self control, becoming a better person, living within our means, and making smart financial decisions while correcting poor financial decisions. I had the same problem with the 4 hour work week. Society cannot function if everyone tries to do that. We need people who work jobs that can’t be condensed into a 4 hour work week. Most of the jobs needed to keep society functioning cannot be condensed in that way. The focus should instead be on improving your life in a realistic and beneficial way within your unique life circumstances.

[emilysmith]

I was very shocked and also jealous when we were showing couples around the house we were selling. They were young couples freshly moving out of their parents houses into, what for us was a 3rd step house. When I left my parents I rented the smallest flat in the world then a 2 bed tiny house and finally bought a 3 bed semi. It seemed mental to have such a big responsibility as your first home. I am glad I took the stepping stones in house size and cost to learn about how I actually live outside of my parents rules and rituals before investing in something so massive and long term.

[nickslens]

Cost per use is a very interesting way to look at things! I haven't heard that before.

[shawnbreaux]

With respect, as a homeless man, I wouldn't have any means of shelter without monthly payments. I went from sleeping under a bridge to sleeping in a car, and my earning capacity increased exponentially as a direct result.

I may be poor, but this is what works in our day and age.

[omaralkayal]

Yesterday I ordered food for the first time in 15 days and I felt bad about spending the money, this is a learning process though

[smallfootprint]

I have to say, that having groceries delivered, has really been a good thing for me, and many like me, who are older, and not so inclined to be among other shoppers at the store, during the pandemic. It's still an option to either pick up my order at the store for a few dollars, or for a few more, have it delivered. These ideas are great, but apply mostly to younger people getting started. Great tips, though, so keep them coming.

[msmaria]

Thank you for talking about gambling. I know relatives that spend all their money on bingo. It's frustrating to see them waste their money like that.

[corajohnson]

I don't know if it's good to equate poor people with automatically being bad with money. Some people with low incomes are more frugal and waste less than those with more. I haven't always had lots of money but I've always been wise (not perfect) with what I've had.

[alanbirkner]

We took early retirement in 2002. We know people in their late 70's who still have to work. Delayed gratification and knowing the difference between needs and
wants is very important. We never had big cars or a fancy house. I brought my lunch to work, a lot of people went out every day. Many coworkers bought lottery
tickets every day. Yours, Tina, Al's wife

[MDobri-syce]

Education I see as an asset or skills because it can be put on a work portfolio, resume, can be used to help other people or solve other problems, and provides a level of happiness being part of the school community and having a consistent routine. Also, independent learning.Same with work out equipment because I am using it to increase my health.

Liabilities are things that don't ad much value or temporary satisfaction. I am not guilt free of this but getting better with age.

[thethriftyfawn]

Absolutely epic. There are a few people I would love to show this to, but they wouldn't ever understand!