Empire Building 291. 6 Things Stopping You From Building Wealth
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Sep 29, 2025 This discussion dives into the uncomfortable world of money and wealth-building. It reveals six key obstacles that hinder financial growth, like ignoring debt, failing to track spending, and letting fear stall progress. Emotional attachments to investments are also explored, highlighting their impact on decision-making. The hosts emphasize that wealth accumulation is a result of consistent small actions rather than flashy moves. Community accountability is presented as a powerful tool to drive financial change.
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Face Your Debt Regularly
- Admit your current financial reality by facing debts and checking numbers regularly.
- Look at debt frequently to motivate action and prevent it from growing unnoticed.
Set Regular Net Worth Reviews
- Update your net worth monthly and do deep quarterly reviews to spot trends.
- If eliminating debt, check progress weekly to celebrate and maintain momentum.
Track Where Money Actually Goes
- Track spending weekly by reviewing credit card statements and subscriptions.
- Use that visibility to cut wasteful expenses and reallocate money toward goals.
