ACCOUNTANT EXPLAINS: 10 Bad Money Habits Keeping You POOR in 2024 (and How To Stop This)

In this video, I’m going to discuss 10 bad money habits that are keeping you poor and how to replace them with good habits.

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‼️ Disclaimer:
Although I have a Finance degree, I am not a financial advisor, and my comments are for entertainment purposes only. It does not take into account your objectives, financial situation or needs. Please perform your own due diligence when investing your money or seek the advice of a licensed advisor.

#BadMoneyHabits #moneyhabits #moneyhacks

⏰ TIMESTAMPS
0:00 - Spending More Than You Earn
1:23 - Not Paying Yourself First
2:20 - Not Having An Emergency Fund
3:24 - Being Comfortable With Bad Debt
4:34 - Prioritising Saving Over Investing
5:43 - Trying To Keep Up With The Jones
7:16 - Relying On One Source Of Income
8:47 - Giving Into Lifestyle Inflation
10:00 - Always Hanging Out With Broke People
11:10 - Not Investing Early

[jwm]

Mate I’ve crammed a few of your videos and not only great financial advice for newcomers but sincere, genuine life advice that should be taught to everyone in school, but of course the system actively tries to keep people ignorant, Thankyou for sharing your wisdom, very genuine and earned sub

[bossmeri]

So glad I stumbled across your channel. Sharing your wise words with my Family. Thank you 😊🙏🏼

[samoa]

Just discovered your channel, your are fast talker my friend, thank you
your content is really helpful and informative.

[kcis]

I have a sayign about the "Not Investing Early" topic: There are only two days that are perfect to start investing, which is today and ten years ago.

[louiemertyn]

Thank you for your thoughts of wisdom. I wish I know this a long time ago

[sirmacca]

Nice work Bryan. Also thanks for the video of Aussie savings accounts. Ubank is awesome 3.85%

[slowster]

11:47 this is the single most important piece of information I and everyone I know never got when we were teenagers (born 1985). My personal situation is not the worst (it's actually good, probably better than most), but it certainly would have been significantly better had I known any of these basics when I entered the workforce in 2002/3. Money is a tool, and tools can be very powerful when used correctly. One of the most famous quotes ever comes from Albert Einstein. “The most powerful force in the Universe is compound interest.” I always read that as a negative (paying loans, etc) but it's actually a positive. Tools, when used correctly, can build wonderful and useful things. When used incorrectly they do much the opposite.

[lunalou]

Love fight club! That quote always stuck with me too!

[jamesmasare]

Hi Brian, love your content. Is there website this that Excell sheet so I can do my calculations? Thanks 👊

[Frexneeth]

This video was way more than just a financial advice you help me to remind to keep making good choices, those that last for long

[PierceJordan]

Great tips my man! Keep up the solid work with the channel

[DongJ]

Nice vlog Bryan. All your points sound great except point 7 (which IMO needs more/better) elaborations.

[jasmanshergill]

brother i have been watching your videos a lot and you always say to do your own research. please upload or recommend some videos about how to research individual stocks and crypto.

[RebelBetting]

Bryan, you engage with the audience amazingly well! :)

[Michael-njqj]

What about putting your emergency funds with your offset account to reduce paying interest?

[alvario]

Awesome Video, waiting until 100k subs!!

[lucasv.]

Can u make a video focussing on US dividend stocks?

[simmo]

Keep up the good work, love all your videos. Thankyou for making them.

[SJRodrigo]

This one better than the top g videos fr

[Freestyle]

0:00 Nah I usually look at my bank account and put half of my earnings into a savings box, its weird that so many aussies just go to the pub the moment they get their paycheck