5 “Normal” Habits That Kept Me Broke and In Debt

In this video, I’m going to share five normal habits that kept me broke, and in debt for years and what I did to break those habits, pay off my debt, and stay out of debt.

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#ronaldlbanks #moneyhabits #finances

[RonaldLBanks]

What poor financial habits have you had in your life? What did you do to change them?

[spanokopita]

The key, I think, is to not blame yourself for your past financial mistakes. You didn't know any better. But you should now take what you've learned and move forward towards a better future.

[calisomething]

I love how you repeat the main driving points a few times. It slows things down and repetition is how we humans ingrain things in us to change ( for better or worse ). You’re style is so simple and transparent … something this world needs in heaps and bounds.

[paulahastings]

Debt free is wonderful. I just use my credit card to pay regular bills. I pay it off every month. Do not pay interest!

[elizabethw]

Being debt free definitely is one of the best feelings! I’ve been 100% debt free for two years and it’s great. Thanks for sharing!

[Carolmaizy]

I now have a plan to be debt- free in 2 years. It's exciting to see the light at the end of the tunnel, and work to get there.

[oldegoatee]

Great presentation! While working with overseas missionaries, I realized that what we Americans call "Broke" or "Poor" are what some people consider rather wealthy, or at least financially stable. Looks like you eventually avoided consumerism while you are still young! Plus, taking responsibility and not blaming inflation, etc., is always a good idea. Impressed.

[JJL]

Always a great attitude and lesson from you, Ronald. Thanks. Making that last student loan payment, and that last mortgage payment (all ahead of schedule) was a wonderful feeling.

"Product Rich"...that's brilliant. Borrowing that one!

[shirleyburnham]

I got rid of catalogue debt now working on clearing other debts. I feel so much more free getting rid of my clutter & debt. It's still a journey & I'm still learning. Thank you for your tips xx

[lizasoliman]

also cried when i paid off my private loans! 16k in 8mo. i still have fafsa, but the interest isn't crippling & is currently paused. i do what i call "debt dumping". at the end of each month or cycle, i can determine the $ i "don't need" (ie. the emergency fund) in my checking/savings, and pay that "excess" towards the debt.

[maryalchester]

Financial advice or aid can never be overstated. Most people jump into life or business sectors without planning. Life isn’t a gamble. It’s not so or die.

[kaitlinross]

Thanks to you and Gabe Bult, we’ve went from spending more than bringing in, to paying off 2k in credit card debt over the last month. I literally cannot believe this and all the wasted money😭

[lynneplis]

I enjoy your gentle but “tough love” message. It’s hard to face our own bad decisions, yet I know I’ve learned so much from my mistakes. I’m 67 now. In my early 30’s, I got my first well paying job. I’d always wanted diamond earrings and a black mink coat. When I got them, I remember thinking “huh, so that’s what it feels like “. Didn’t need to get more of that sort of thing. In a comfortable retirement now. We’ve taught our children to save and see the value of money. Keep spreading the word, my friend.

[lizzyagatha]

We paid it all off too, it DOES feel great, we just have out mortgage, our house is worth twice that now, so all is well - decluttering finances, as well as the house is truly life changing.

[sonalimathur]

I am just loving your content. Thanks for the great value!! Keep going 👍👍

[roslyncaskey]

The "Rawness" of Ronald. Point blank Bank. I so enjoy your content. Thank you, and continue to educate the masses who are in financial mess.

[amyhardin]

Great videos. Thanks for not talking so fast I can’t understand you during your videos. A lot of YouTubers are doing this now and it’s hard to comprehend the information.

[callmeNeno]

Cutting credit cards is drastic!! Doing David Ramsey baby steps~~ building that emergency before investing. Awesome content dude!!

[angelajohnson]

Absolutely LOVE your advice Ronald! I appreciate how down to earth you are. And, when you share some poetry, that's great too. 😉

[willowbei]

You have such a sincere and straight-forward approach to so many things. I like your style, and your attitude, and your "common man" way of Being in the world. What am I trying to say? Your energy is marvelous and your information is spot on. I am glad I found your channel. I continue to work on all aspects of my life - procrastinating on many things, yet making progress now and then. One of these days I hope to find that I have developed my minimalism from a concept to a reality. I will let you know when that happens.