Growth Mindset: Psychology of self-improvement

14 Habits Keeping You Poor

04.04.2023 - By Growth Mindset PsychologyPlay

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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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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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