

9 Money Habits That Keep You Broke
37 snips May 2, 2025
Discover the nine money habits that keep people trapped in financial struggle. Learn the importance of monitoring your finances and the dangers of impulsive spending. Explore practical strategies for building wealth through smart saving and investment choices, while avoiding the lure of quick riches. Find out why prioritizing personal growth and purpose can lead to true financial freedom. It's time to transform your money mindset and build lasting success!
AI Snips
Chapters
Books
Transcript
Episode notes
Avoid Broke People Advice
- Avoid taking financial advice from broke people who lack success in your desired area.
- Seek guidance only from mentors, specialized coaches, and peers slightly ahead of you.
Track Your Bank Account Daily
- Review your bank account daily and automate tracking to avoid overspending.
- Set alerts to monitor your cash and plan ahead for expenses and investments.
Lost $100K on Detroit Real Estate
- Dan lost $100,000 investing in rundown Detroit homes without proper knowledge or experience.
- This mistake taught him the dangers of trying to get rich quick in unfamiliar markets.