8 Money Habits That Keep You Poor (STOP SELF SABOTAGE)

Most of what we do with our money everyday is unconscious. The more aware you are of your money habits, the faster you can reach your financial goals. Without realizing it, you might be doing these 8 money habits that keep you poor. See if you recognize any of these bad money habits in yourself, and what money habits to break this year. These habits keep you poor, and in this video I share my best personal finance tips for breaking bad money habits and replacing them with GOOD money habits!

***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan ***
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.

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***BOOKS I RECOMMEND 📚***

I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)

The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)

InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)

Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)

Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)

Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)

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***MY FAVORITE MONEY TOOLS 🖤***

YNAB (I literally can't live without this budgeting app, so obsessed)

Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)

Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):

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DISCLAIMERS & DISCLOSURES ❤

This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

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SAY HI ON SOCIAL! 👋🏼

[itsrosehan]

Hi everyone 🖤 Do you recognize yourself doing any of these money habits? Let me know! And please show me some love in the comments... for the YouTube algorithm 😎

[IshaMar]

I’d rather have $1000 in a $10 purse than $10 in a $1000 purse.... great tips

[DontPlayWithMePlayWithYaMama]

"Don't be afraid to turn down invitations" the introvert in me... "no problem, done."

[lucasharten]

Honestly I felt that when you said making more isn’t always the answer. Back when I was making $1600/month I’d live pay cheque to pay cheque. Now I make over $7000/month and my bills are just over $4000/month and I spend over $2000/month on random shit like fast food or Starbucks or Amazon. You need to kick the habits, or they just expand with your income.

[tylerpilgrim]

Pay yourself first, I can't believe how simple yet profound of a statement this is, I never for a second thought I was paying myself last, however in hindsight it was so obvious😲

[sheenag]

"Treat saving money as a bill." This truly resonates with me.

[sue]

"If they're your friends they will understand". Absolutely true. Watch some disappear so quick when you can't do what they do. A blessing in disguise really

[friendlysky]

I’m now starting at age 15, I have no friends, and I am doing what I can to learn, it’s a lot do go through sitting at a desk reading, writing notes, watching educational videos on future - dream life, rich, financial, entrepreneur, and how to make the world better surrounded videos. The true key to success and freedom is praying, and having faith in god. It will do a lot.

[barbaraholm]

I was attracted to this video by the title. Very clever. I was especially impressed with #5 Numbing yourself to debt. I grew up with parents who lived in the great depression. The mantra at our home was "Get out of debt. Stay out of debt." That mantra has served me well my whole life.

[constantinelianos]

#1 - Paying yourself last (1:00)
#2 - Keeping up with friends that have expensive taste (3:07)
#3 - Overusing your credit card because of points/rewards (5:12)
#4 - Having disorganized finances (7:07)
#5 - Getting too comfortable with debt (9:35)
#6 - Paying extra due to lack of planning (11:26)
#7 - Paying too much in taxes (12:40)
#8 - Waiting too long to start investing (13:35)

[thatdigitalstrategist]

"Would you rather look rich or be rich!?" *mic drop*

[phil_]

Really good video. Love the “Do you want to look rich or be rich”. That’s a daily struggle for me. Although, I’ve gotten a lot better over the years. I rarely buy clothes now and if I do, I have zero shame in my game with wearing clothing I purchased from Walmart or clothes that I’ve owned for years. The less we stop caring about what the people think about us, the more discipline we will accumulate moving forward. A wise friend once told me that if you can’t buy the product you want immediately in cash, don’t do it. Also, if you find yourself obsessing over some product, challenge yourself to “think about it” over the next 2-3 weeks and chances are you’ll decide against it. If you think back to ANY item you have ever purchased in the past that bought you happiness, chances are you don’t use that item any longer. Think about that whenever your tempted by a materialistic product.

[sabrinacooks]

I LOVE to cook so when this pandemic hit, it really didn't phase me too much as far as eating out was concerned 😂 One things for sure, we are saving so much money now since we are not eating out, and now that I'm stuck at home it gave me the oppertunity to start my cooking channel, something I had always wanted to do 🤗 needless to say I am enjoying every minute of it 😁

[Swiftielife]

1. Paying yourself last.
2. Trying to keep up with friends with expensive taste.
3. Putting everything on your credit card for “rewards”.
4. Having disorganized finances.
5. Getting too comfortable with debt.
6. Paying extra due to lack of planning.
7. Paying too much on taxes.
8. Waiting too long to start investing.
Roughly—- but listen to her, she explains these well.

[Forthewin]

For someone who's fighting to escape poverty, I'm so grateful for you and your channel. Thank you so much

[KNByam]

$50 a week from my check goes into my savings, and another $25 goes into a 401k every week. I do side jobs and that money goes into savings which is about $200 a week. All my bills are paid until next month so I was able to put an extra $400 on the side. I have some money also in stocks. I have Zero credit debt with a credit score over 800.

[donnarodriguez]

This makes me realize how I am on track by investing early even in a small lot, saving my money even if it's not that much, pay my bills on time, and still have money to use because I don't splurge too much on the things that I want but I don't need. Lucky because I have good friends that whenever I don't have extra money and I refused to joining them when they eat out, they still understand me. Thank you for making me realize that those discipline and sacrifices I made paid off somehow. 🥰

[blackbart]

This should be required viewing for every high school senior. I didn't learn most of this
until it was too late. Now I'm retired....House is paid off...cars paid off...the only thing I

use a credit card for is travel expenses and my Amazon purchases...and always paid off
at the end of the month. Listen to her people....she is absolutely correct.

[sab]

I've actually spent more money in quarantine with online shopping than my regular days..

[joshgambino]

I am definitely one of those who screwed up and learned the hard way. I'm 32 now and learning about finance has changed my life for the better. I hope it did to you as well