In this video I go through 5 Bad Money Habits that keep you poor and you really need to stop these now. These Money Habits will make you spend more and save less. So if you want to become financially free, improve your saving, spend less, save more, then you need to break these bad money habits.
Bad money habits can make saving so much harder so you need to break these bad habits and build good habits.
But what are they?
Habit 1 - 00:00 - 04:08
Habit 2 - 04:08 - 05:50
Habit 3 - 05:50 - 07:28
Habit 4 - 07:28 - 08:51
Habit 5 - 08:51 - 10:29
Best Investing Books
Rich Dad Poor Dad - https://amzn.to/3gqVJBW
The Big Short - https://amzn.to/2ExjIB5
The Wolf of WallStreet - https://amzn.to/2PgVeyo
The Four Hour Work Week - https://amzn.to/30hr3xe
Think and Grow Rich - https://amzn.to/2XkLyHg
Intelligent Investor - https://amzn.to/2BUqEYg
Buy bitcoin using Coinbase here - https://coinbase.com/join/smallb_1u?src=ios-link
DM me on Instagram to get a free share worth up to £200 with FreeTrade - ThomasJamesYT
Social media
Instagram - ThomasJamesYT - https://instagram.com/thomasjamesyt
TikTok - ThomasJamesYT - https://tiktok.com/ @thomasjamesyt
Subscribe for more related content - https://youtube.com/c/ThomasJamesPropertyInvesting
The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more
#MoneyHabits #Saving #BadMoneyHabits

By Stock Chat

where the coffee is hot and so is the chat

19 thoughts on “5 money habits that keep you poor stop these now”
  1. Avataaar/Circle Created with python_avatars Jordan Legge says:

    Great advice yet again 👌🏻 I aim to save 50% a month that’s after mortgage bills etc just don’t live beyond your means 🙂

  2. Avataaar/Circle Created with python_avatars Eliza Leonard says:

    This is such good advice!!! I’m going to implement all of this x

  3. Avataaar/Circle Created with python_avatars S A says:

    I think the most difficult thing to do is to find the balance between spending your money, and saving it. Life is short so you have to enjoy your time, go on holiday, buy that car, buy those shoes. However if you do this TOO much, then you won’t have anything for the future, so its really difficult!

  4. Avataaar/Circle Created with python_avatars Sandeep Sandhu says:

    I haven't been out with the lads since 2008

  5. Avataaar/Circle Created with python_avatars Nick 2017 says:

    Great video. I have implemented these tips around 8 months ago and have a decent savings pot and stock portfolio already. It's amazing how it all compounds when you create and stick to healthy habits. Rich dad poor dad is a great book, which ive listened to twice now. Thanks for the suggestions in the description, I'll be giving those a read!

  6. Avataaar/Circle Created with python_avatars Andrew Collins says:

    Great advice Thomas, people who want to get on would be well advised to follow these tips, especially the first one. You don't spend your way to wealth. I would advise people to invest some of that monthly spare cash in global index tracker funds to take advantage of cost averaging, but only once you have a buffer of three to six months salary.

  7. Avataaar/Circle Created with python_avatars Mark Webster says:

    My favourite tip is to start measuring your wealth regularly. As the saying goes, "what gets measured, gets improved". Around the 15th of each month, I add a new row to my spreadsheet which has columns for each bank account, investment account, asset and debt that I own. I simply log into my bank account to get that number. If it's an asset, I'll depreciate my car's value or adjust my house value/mortgage accordingly (Nationwide have a house price value calculator for this).

    In a way, this gamifies my net worth and really makes me consider everything I spend money. It's also nice to graph everything and look back on previous years and see that things are making good progress, which in turn motivates me to push harder.

    By having it in a spreadsheet, you can do all sorts of fancy things, such as estimate the future value of certain investments at retirement and calculate the net present value of these.

  8. Avataaar/Circle Created with python_avatars Reece Caruso says:

    Great suggestions! This is such an important topic to be discussing. I really enjoyed the video!

  9. Avataaar/Circle Created with python_avatars 505fatty says:

    Hello

  10. Avataaar/Circle Created with python_avatars docsandbox says:

    Hello

  11. Avataaar/Circle Created with python_avatars R A says:

    Amazing videos !

  12. Avataaar/Circle Created with python_avatars Aron Saul says:

    Great video mate! Will take a look at some of those top books to read

  13. Avataaar/Circle Created with python_avatars Matt Rooney says:

    Great video, since the start of the year I’ve totally changed my outlook to spending. Dnt waste money on stuff I Dnt “need” and save every penny I Dnt need to spend, built up enough to sell my home and buy one twice the price! Wish I had done it years ago

  14. Avataaar/Circle Created with python_avatars Aaron Thompson says:

    10/10, helpful content you're putting out there it'll help the most of people who actually put what you say into action

  15. Avataaar/Circle Created with python_avatars Caroline says:

    Hello. Great advice!

  16. Avataaar/Circle Created with python_avatars Jamie Smallbone says:

    Great video

  17. Avataaar/Circle Created with python_avatars PREDATOR says:

    HELLO 🙂

  18. Avataaar/Circle Created with python_avatars JAY 14K says:

    What if u gotta buy yourself stuff if u don’t got nothing 🤔

  19. Avataaar/Circle Created with python_avatars Thomas James - Investing says:

    What do you think about these habits? are you guilty of any of them?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.