In this episode of the Money Mindset Mastery Podcast, hosts Jim Lao and Ryan Genoe discuss eight money habits that hinder wealth growth. They explore topics such as lifestyle creep, emotional spending, the importance of cash flow awareness, and the power of early investing. The conversation emphasizes the significance of setting financial goals and the role of financial education in achieving financial success. The hosts also touch on the dangers of keeping up with social media influencers and the importance of adopting an abundance mentality to attract opportunities. 

Chapters 

00:00 Introduction to Money Habits 

02:19 Understanding Lifestyle Creep 

05:59 The Importance of Cash Flow Awareness 

09:53 Emotional Spending and Its Impact 

13:43 The Power of Early Investing 

17:28 The Cost of Waiting to Invest 

20:57 Managing High-Interest Debt 

24:57 The Dangers of Keeping Up with the Joneses 

25:52 Setting Financial Goals 

31:19 The Role of Financial Education 

33:32 The Abundance Mentality 

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