Don't Want To Be Poor? Quit These Behaviours!

In this video, I talk about 5 bad money habits that will make and keep you poor.

TIMESTAMPS:
00:00 - Introduction
00:30 - Low standards
02:19 - Trying to look rich
04:19 - Using credit
06:23 - Consuming the wrong content
07:43 - Not investing

WHO AM I:
I'm Kiran, a qualified Accountant and experienced tax professional living in the UK. I make videos about finance, tax and investing.

DISCLAIMER:
This content, and the ideas presented in it, are for education and entertainment purposes only. Kiran does not provide tax or investment advice. The information presented does not consider the financial circumstances of any investor, and therefore may not be suitable for all investors.
Although Kiran is an Accountant, no Accountant-Client relationship is established with the viewer in any way.

[BendyChoy]

I’m so glad I didn’t really make any big mistakes when I started my investment journey last year. So far I’ve just been sticking small amounts of money into companies I’m sure will continue to exist for the next five years and if the stocks do well, I hold on. If not, I reinvest the bad ones into the good ones so I can get higher gains. I gained about $9.5k from putting in $4k into NVIDIA earlier this year so that was pretty nice.

[vivekchedambaram]

You should write a book on personal finance or any other topic of your choice someday. I'm sure you will do well as an author.

[proton]

Insightful!!
Using credit cards might be a little subjective thing, but Trying to look rich, consuming the wrong content, and peer culture aspects are so true!! I think there are a few skills like unconventional storytelling, communication, reasoning, decision-making, coding, etc. that do play a significant role these days.

[antwannascimento]

I have been learning some things, well a lot of things, from these videos of yours. thank you

[brianthompson]

I totally agree with all these things. I think the biggest factor is understanding credit as a whole. Understanding, building and maintaining a good credit score is vital here in America. Understanding how to use credit properly is also very important.

[jayb]

I hope your channel gets huge you are really helpful!

[Nuzzgard]

Great video Kiran.
I've just finished watching all of your videos, thank you for the incredibly useful content and clear presentation style. I hope your channel continues to grow!
Cheers.

[CharleneCong]

Thanks for sharing Kiran!! Great video and I love your style. I also did a similar topic on YouTube, happy to gather your thoughts too ❤❤ thanks for being inspiring ;)

[markgriffiths]

Creating a video on where and how to even start investing would be good, other than a savings account I have no idea, and it’s a minefield!

[MUJJ]

Some very good advice. If only they taught us this in school - imagine how society would’ve turned out .

[gerrymallon]

Just want to say love your content very impressive look forward to watching more

[imtisunepndr]

Glad I have found this...new subscriber. Keep going.

[honestjohn]

This is going to sound crazy but a quick look at some of your videos, i see you're wearing different outfits every time. Whilst there's absolutely nothing wrong in that. If you look at the bigtime successful people e.g. Billionaire's they wear the same simple thing every time. They would most likely own 10 or so of the same item. But it's 1 less decision to make! Also given the fact you're looking to do this long term i take it. Just something I noticed and knew thought may help you.

[jimmydroid]

Oh boy, I hope she doesn't say cut the Starbucks and avocado toast.

[tedzivney]

Thank you for the information you’re smart and beautiful

[curlyfries]

People are forced to use credit more so nowadays account more places are going cashless.

[harrysahota]

I agree with the points highlighted, thank you. I think that the way you shape financial behaviour is from a young age. My father from a very young age made me work in my school hoildays which taught me the value of money. This grounding has helped me throughout life. I will try and financially educate my young children as they grow up as unfortunately these concepts are not taught at school.

[spaghettihoop]

It's funny how we point out Mark Zuckerberg and Steve Jobs try not to look rich with the plain clothes they wear, but that's a façade to make his employees feel like they are the same as him. They spend thousands to do this. If they work for someone that throws lavish parties and wears fancy clothes, then their employees come to resent who they work for.

[BinanceUSD]

Nice 🎉 good points, Negative feelings you feel from others could be because your wrong and dont accept it. Like having a tattoo on your face. And don't like too be told that its dumb

[annawong]

Great content! I agree about caring less about materialistic items the more you grow your wealth. I currently have investments and savings of £160k and I'd happily buy clothes from Shein and Primark with a designer bag treat every 4 years or so. I have spent so much in the past on expensive items when I was a student and accumulated quite a bit of debt