Smart Money Happy Hour with Rachel Cruze and George Kamel
Things to Stop Doing With Your Money in 2025
Jan 2, 2025
The hosts dive into bad money habits to ditch in 2025, starting with procrastination in planning and the need for emergency funds. They contrast social media's impact on community bonds and emphasize finding fulfillment beyond comparison. A light-hearted take on canceling unused subscriptions surfaces, along with tips for enjoying small indulgences without overspending. They also discuss the pitfalls of fitness purchases and the importance of mindful spending. Plus, they cover the need to connect beyond screens for a more present life.
37:33
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Quick takeaways
- Recognizing and addressing harmful financial habits, such as procrastination and ignorance towards one's finances, is crucial for a successful 2025.
- Establishing a starter emergency fund of $1,000 is essential to avoid relying on credit cards during unexpected expenses and promote financial stability.
Deep dives
Leaving Financial Goals on the Back Burner
Many individuals tend to prioritize short-term enjoyment over long-term financial goals, often postponing necessary actions like saving or investing for tomorrow. This procrastination can stem from distractions like scrolling on social media, which can make time seem to evaporate. The episode emphasizes the importance of staying committed to financial ambitions and not allowing temporary pleasures to derail progress. It encourages listeners to recognize these patterns and take responsibility for their financial futures in 2025.
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