Rich Habits Podcast

154: Our Biggest Financial Red Flags & Green Flags

19 snips
Jan 26, 2026
They list three green flags to adopt and three red flags to drop for long-term wealth. They push monthly net worth tracking and explain what to include. They argue for automating investments before paying bills and starting now, even with small amounts. They warn against buying discounts instead of value and highlight recurring “emergencies” as planning failures.
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ADVICE

Track Net Worth Monthly

  • Track your net worth monthly instead of only tracking income to know if you are actually building wealth.
  • Use a spreadsheet each month listing all assets and liabilities so you can watch the trend and buy assets, not liabilities.
ADVICE

Invest Before Paying Bills

  • Automate investing to happen the day after your paycheck and treat it like your most important bill.
  • Start with 5% then aim for 15% so your future self gets paid before bills and subscriptions.
ADVICE

Keep Learning Finance

  • Continually learn about personal finance and investing and pick two topics you can't yet explain to a friend.
  • Use AI and resources to learn them in 30 days, then act on what you learned.
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