Surplus electronic parts :
Stock and Crypto AI Prediction :

When the financial crash hits, these 8 money traps will stop you becoming rich in a recession. Avoid these to grow your wealth during a crash.
0:00 - Your Opportunity To Get Rich...
0:22 - Being Scared To Take Risks
01:37 - Investing In Things You Don't Understand
03:27 - Not Spending Enough
04:49 - Taking Your Job For Granted
06:30 - Payday Loans
07:20 - Not Having A Side Hustle
08:39 - Not Living Within Your Means
09:21 - Get Rich Quick Schemes
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By Stock Chat

where the coffee is hot and so is the chat

28 thoughts on “8 money traps that stop you becoming rich”
  1. Avataaar/Circle Created with python_avatars Thomas Landin says:

    find your knowledge fantastic and the way that you explain is a great help. <I would love to know how you studied this all. <In as much I would like to add to what you have said here the market is in a tug of war with the bull at one side and the bears at the other end. If this is really a bear market rally then Bitcoin is not done going down, just like stocks are not done going down. We are seeing the positions filled, the price goes, up, then a new wave of selling comes in, hit the new orders again and repeat, looks like someone accumulating hard. From a technical perspective, as expected, the price might continue to move lower so this is a normal process and bitcoin is accumulating bullish trading volume. My hope is that by the fourth quarter, the economy will be slowing enough that the Fed says we are going to pause, and then you will see the next crypto cycle start. I have witnessed the last 3 cycles and just before each bull run the amount of bear posts and negativity around crypto is just like it is now. Bitcoin is entering the area of where a bottom will be formed IMO. Please note this could take months and there will likely be further volatility in both directions. Despite the volatility that has ruled the market this year, being a retail trader in the crypto market and implementing strategies/signals from Brycen Stanley a professional broker/trader that has been my mentor, I have accumulated 6.5’ btc! in profits although the rates are capricious wiping out some of my profits, people who are open to learning from history, will survive It’s not that difficult. You can reach out to Mr Brycen on <ͲeIєɠɾαm his personal handle @Brycensignals orr What'sapp 12706934096. For more investment related issues…..

  2. Avataaar/Circle Created with python_avatars Sight Beyond Sight says:

    When the stimmy checks are again issued, do not raise your standard of living. I used mine to pay down my mortgage. I am also partial to precious metals which is basically my hard savings account. Absolutely, have that side hustle!! I rent out extra rooms in my house (probably the only reason to buy more house than you need) and my wife sews for a few extra bucks.

  3. Avataaar/Circle Created with python_avatars FinanzFerdinand says:

    You just keep saying the same things over and over

  4. Avataaar/Circle Created with python_avatars Xarthgron says:

    Buy quality products. Yes. My mother-in-law used to buy cheap food, but it was rubbish after a couple of days. "It's cheap!" Yes, and for good reason. After telling her not to do that several times, she eventually bought fresher food.

    I worked harder and did more than others at the same company for 10 years, but there was never a promotion for me. I just got given more jobs to do (deputy supervisor, deputy trade executive) but when promotion came to be in the full position, I was always cast aside. I worked out that if you do a great job, you become irreplaceable because nobody else can do it better, so you end up trapping yourself in a lower-paid position. I realised that the company was never going to help me out so I left. Not long after, the company was gone.

    Now, I work three hours a day for someone else and I have a side-hustle, which allows me to leverage time by charging 6 people per hour worked instead of a 1:1 income.

    I think that if people can get time-leverage, they have much more flexibility. Sure, it isn't passive, but if you can get 6 or more years of income each year, you get that deeper passive income money pool.

  5. Avataaar/Circle Created with python_avatars Braselton94 says:

    What advice do you have for disabled people? I’m disabled and a drone pilot trying to make it professional career, work Instacart., and go to college. I’m also married and if I go off SSI I lose my disability and with my disease I can get sick and die out of nowhere and no Insurance will take me due to all my disabilities. What would you do? Anybody.

  6. Avataaar/Circle Created with python_avatars Greg Matthews says:

    I'm done sitting tight for the award advance since i acquire$23,000 every 12 days of my investment.❤

  7. Avataaar/Circle Created with python_avatars Christian dad says:

    You forgot "getting married". Your welcome.

  8. Avataaar/Circle Created with python_avatars BoxKap says:

    People think it's risky to invest; it's risky not to invest.

  9. Avataaar/Circle Created with python_avatars David Eide says:

    yes indeed you say it so well very much appriciated thank you for your wisdom

  10. Avataaar/Circle Created with python_avatars David Eide says:

    when i has extra cash i want to join

  11. Avataaar/Circle Created with python_avatars David Eide says:

    Thank you very much Mark you are so amazing god bless you

  12. Avataaar/Circle Created with python_avatars GameWrites says:

    I’ve risked everything to start 2 YouTubes, 4 TikToks and become an author. Does that count? 😂

  13. Avataaar/Circle Created with python_avatars B1G N8 says:

    Hey Mark! Im a young investor here trying to play it smart so I can have a better future. Do you think using Acorns or similar apps to Roundup change is smart? What is the smartest way to invest spare change? Im 20 and have plenty of patience so I don't mind wating 30 or 40 years to start living a great retirement

  14. Avataaar/Circle Created with python_avatars Xavier Faulkner says:

    Hey! Just found your channel and I had a quick question. I just started a new job and I want to save and invest as much as possible so I created a budget that tracks where my income is going. In this budget I allocated money in my monthly expenses for getting a new car. All of my current necessary expenses (including the car I haven't gotten yet) takes up about 47% of my monthly net income. And I put the rest towards savings/investments(40%) and discretionary purchases(13%). However, The car i'm looking at is around 15k, but i've always wanted one. The monthly payments would be around 10% of my monthly net pay. Do you think I should just get a cheaper car for like 5k and put more money into stocks? Im 20 btw. Just having some internal conflict deciding between saving a lot more money or fulfilling a childhood dream but by taking on some possibly high interest debt on a depreciating asset. Thanks for the great content!

  15. Avataaar/Circle Created with python_avatars Pierce Jordan says:

    Recessions can be golden opportunities to build long term wealth. Great video as always, Mark!

  16. Avataaar/Circle Created with python_avatars lilLevicomics says:

    Thanks for helping me learn about real estate and investing 😀

  17. Avataaar/Circle Created with python_avatars Marcos Paniagua says:

    I like these videos especially as the editing and audio gets better. As some of these comments mention, thanks for helping some of us be able to gain financial confidence. If you could make a video about picking an investment or how to divvy up income to multiple investments based on your weekly income, and age, i think that’d be super helpful! Thanks

  18. Avataaar/Circle Created with python_avatars Tristan Tate says:

    Started investing as soon as I turned 18, 5 months ago this is the best decision I’ve ever done

  19. Avataaar/Circle Created with python_avatars Lawrence Liberty says:

    Great advice I hear you talk about credit score alot. I am wondering if you had any good advice for people who have bad credit score and how they can bring it down.

  20. Avataaar/Circle Created with python_avatars Josh Tabaracci says:

    Thank you so much for the great advice! Great job on the videos Mark keep up the great work! Your are changing a lot of peoples lives financially including mine and I can’t thank you enough!

  21. Avataaar/Circle Created with python_avatars Steven Lim says:

    I have a question, I'm a 16 year old kid that wants to invest in SnP 500 index fund, I did some research but I have no idea what is the minimum amount of money that is needed to invest in it. Can anyone explain this to me.

  22. Avataaar/Circle Created with python_avatars Jonathan Michael Smith says:

    There's a fat learning curve with dropshipping.

  23. Avataaar/Circle Created with python_avatars Mack Born says:

    Do you have a video laying out some of the basics of investing? I have the money just don’t know how to spend it.

  24. Avataaar/Circle Created with python_avatars Ecokit says:

    Great video mark. Love seeing you in the crypto discord! 🔥 it’s good to see a creator so in with their community.

  25. Avataaar/Circle Created with python_avatars Robert Pearce says:

    Very tempted by becoming a member to your channel… Any other perks besides polls and priority responses?

  26. Avataaar/Circle Created with python_avatars Endgamer S.M.H.G says:

    Hello. I'm a 15 half year old boy who is looking in a few years to start a business as the CEO. I want to learn how to master business and get my career started. Do you have any tips.

  27. Avataaar/Circle Created with python_avatars Robert Pearce says:

    "20" 😆

  28. Avataaar/Circle Created with python_avatars kane dyson says:

    Great advice as always! I have only been investing for 18 months or so but feel like the advice from this channel and my own research I’ve become far more confident! Need to get started on a side hustle just need to find the right one for me. Thank you for all the great videos!

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