Rich Habits Podcast

152: The 3 Mindset Traps Keeping You Broke in 2026

32 snips
Jan 12, 2026
Dive into the exploration of three mindset traps that keep many people financially stuck. Learn how to shift from thinking 'I'm just bad with money' to embracing the concept of learning. Discover why a high salary doesn’t automatically lead to wealth and how to use it as seed money for investments. Uncover the difference between looking successful and actually being successful, and grasp the importance of frugality and long-term strategies. Plus, try out a transformative 30-day mindset exercise to break old patterns!
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INSIGHT

Money Skill Is A Learnable Habit

  • Saying "I'm just bad with money" creates a fixed mindset that stops learning and action.
  • Austin and Robert emphasize money skills are learned like driving or math, not innate talents.
ADVICE

Replace Fixed Thoughts With Active Learning

  • Replace "I'm bad with money" with "I'm learning money" and practice consistently.
  • Teach others what you learn to force comprehension and action, Austin recommends.
INSIGHT

High Pay Doesn't Equal Financial Security

  • Believing a "good job" fixes money creates complacency and no backup plans.
  • High earners often live paycheck to paycheck despite large salaries when they don't prioritize savings and assets.
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