14 Habits Keeping You Poor

Habits are the foundation of success and equally bad habits will create failure. Learning the habits that block you from financial success and keep you poor is the first step to overcoming them.

By identifying and addressing these habits, listeners can begin to build healthier financial habits and achieve greater financial stability. Tapping into some of the latest research from Psychology to just the best simple advice available this episode will showcase some of the obvious and more subtle ways that we create trouble for ourselves and our financial situation.

Learn how to get your banking situation and costs of living under control and have more time and money for the things that matter in life.

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Connect with Sam:

• Sam's newsletter on creativity - Explosive Thinking 
• Watch the pod - YouTube - Growth Mindset

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Chapters

• 00:00 Introduction to Habits of poverty
• 00:28 1st bad habit - Starting tomorrow
• 00:56 2nd - Starting too many and not finishing any
• 01:49 3rd - Paying yourself last
• 02:56 4th - Not investing in yourself
• 03:38 5th - Reading a lot and not doing
• 04:32 6th - Not knowing your income or expenses
• 06:06 7th - Getting comfortable with bad debts
• 07:31 Ad break
• 07:45 8th - Not having an emergency fund
• 08:58 9th - Lifestyle inflation 
• 10:31 10th - Hanging with the wrong crowd
• 11:38 11th - Blaming your circumstances
• 12:38 12th - Focusing purely on savings
• 13:19 13th - No investing Strategy
• 14:41 14th - Waiting for perfect conditions

Topics

Bad vs Good Debt

Increase your savings

Creating an emergency fund

Dealing with lifestyle inflation

How others affect our money habits

Action over education

Investing in yourself

Practical Manifestation

Salary increases

Fixed mindset vs growth mindset thinking

Develop growth mindset habits

Good money habits

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