The Personal Finance Podcast 7 Money Habits That Keep You Stuck (And Broke!)
May 5, 2025
Discover the seven damaging money habits that trap individuals in a cycle of financial struggle. Learn how to create a solid roadmap for financial freedom by focusing on significant decisions rather than minor expenses. Explore wealth-building strategies that prioritize location and smart investments. Gain insights on mastering your finances with budgeting and automating savings. Finally, transform your mindset by challenging negative beliefs about money and eliminating unnecessary costs for a brighter financial future.
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Set SMART Financial Goals
- Set specific, measurable, achievable, realistic, and time-bound (SMART) financial goals based on your why.
- Break big goals into yearly, monthly, weekly, and daily actions and review them every 12 weeks for progress.
Focus on Million Dollar Decisions
- Million dollar financial decisions impact wealth far more than small daily savings like skipping lattes.
- Housing costs, transportation, asset allocation, investment fees, and debt interest are key decisions shaping your financial future.
Control What You Can
- Focus your energy on factors you can control like saving, investing, automating finances, and income growth.
- Limit news intake to reduce stress and build wealth through consistent, rational actions.
