Sean: What are some spending habits we should avoid to help us grow our income? I will let you go first, brother.

Karlo: Well, that's a very good question, yeah? It's really about our habits, well, maybe being unaware of where your money is going, because right now because of the online platforms, it's much easier to just buy and spend right? Then out of nowhere, someone will be knocking at your door saying that they have a package for you. So I think we need to set some limits. We need to be aware. For example, we want to buy things online. You should set around three to five thousand and limit, depending on your capacity of course.

Karlo: Because the moment that we become unaware of our spending, we often get carried away, right? Or maybe for some, by using their credit cards because they can just swipe their cards easily, especially if they really want that certain thing. So, we are becoming unaware of where our money is going.

Karlo: So I believe we need to be aware and we need to set some limits. If we don't set or have ourselves these 'limits', we'll easily be carried away. And of course, 'accountability' or the lack of 'accountability. Maybe if you're still single, you need to have someone who can check your finances, or who can just ask you about your financial management. And the moment that we lose our accountability, is also the time that we will become unaware of our spending.

Sean: That's good. And I'm going to just add on that - the mindset of our money not being ours, you know. I'm a man of faith and what I share is only stuff I really believe in, and what I believe in about money, and about business is we're just stewards. We're not really the owners of our money and our businesses. It's God who owns it, and we're just managing it for Him. So if you see it that way, you will really not spend needlessly. You will not spend out of wants, don't spend 'wantonly' like, "if I like something, I'll just buy it, that's the ultimate decision."

Sean: And that's not how we should do it. If it's a major purchase, meaning it's 10, 20, 30 percent of your income, or of your capital, your savings, you have to pray about it. Don't spend wantonly. But if it is, you know, if you're buying chewing gum, just buy the chewing gum, right? So it depends on how big the purchase is going to be but always be disciplined in how you're spending and always realize that it is a matter of faith. It is a faith-based decision, especially if it's a big amount.

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