15 Bad Money Habits You Need To Break Immediately

[@REDREDStrawberry]

1. Impulse Buying 2. Keeping Up With The Joneses 3. Living Beyond Your Means 4. Paying Only The Minimum Amount On Your Credit Card 5. Never Asking For A Raise 6. Not Investing 7. Ignoring Lifestyle Inflation 8. Keeping Your Money Under The Mattress 9. Lending Money To People, Who You Know Will Never Pay It Back 10. Not Paying Your Taxes 11. Investing in Things You Don't Understand 12. Not Maximizing Tax-Advantaged Accounts 13. Replying On A Single Income Stream 14. Ignoring Budgeting 15. There Are No Get-Rich-Quick Schemes. That's Just Someone Else Getting Rich Off You. You're Most Welcome.

[@JAMD1871]

HEY, THANKS!

[@AJ56]

Thank you!

[@t0umart0u]

MVP.

[@WillisOsidha-gr8vy]

Thanks

[@raneshabrown4110]

❤

[@orchidtreasure1484]

My money management skills are beyond sub-par. I grew up poor, with a mostly absent father, and a very abusive, narcissistic mother who was constantly in collections and default on her bills and rent. For a while, I was doing fine when I worked for a financial institution. I learned the importance of maintaining a good credit score, and having savings. Now though, it has all gone downhill. I have serious credit card debt, I have taken two quick payday loans, and I have to find a new place to live. Don't be like me. My major mistake is impulse purchases and lack of budgeting. Don't eat in restaurants, especially not food delivery services. Save for a rainy day, because rainy days are more common now. Thanks ALUX for this wake-up call video. I am praying for better days ahead.

[@JSFGuy]

Watch the video people.

[@SeeingSebastian]

👍🏾

[@xavierclayton9990]

What else is the video for ?

[@JSFGuy]

@@xavierclayton9990 Right, lots of comments but none on the video posted.

[@aj.meso26]

Thank you, nearly gave an excuse to close it out. Appreciated very much

[@financialintelligencecreations]

“We buy things we don't need with money we don't have to impress people we don't like” - Dave Ramsey

[@lamonthamilton667]

Dave Ramsey is Worth his weight in Gold and his Advice is SOLID!

[@jerrygibson222]

Thanks for this amazing video. Sincerely, I'm not sure if investing at this time is a good option. Pay attention to how often things fall apart. Despite reading charts and predictions from renowned investors from the past and present, I'm still seeking for a better way to invest my money because I still have some time before retiring. I want to create a strong portfolio in order to produce passive income.

[@StanleyMcCain]

The top experts however have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastic are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.

[@MichaelJeffersonn]

I concur, I've been in frequent communication with an investing advisor for more than 17 months who has helped me step up my portfolio to over $500k. I definitely remember needing inspiration to keep my business running after a protracted divorce. I researched licensing consultants, sometimes known as portfolio coach by some.

[@jerrygibson222]

​@@MichaelJeffersonn I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?

[@MichaelJeffersonn]

​@@jerrygibson222 My advisor is JEFFREY HAROLD STARR, a renowned figure in his line of work. I recommend researching his credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@computergeekslife]

wow. this is intelligent marketing.. reader doesn't even know marketing is here...

[@andreideac3962]

The educational system doesn't teach you actual skills. You can't get a small loan from a bank to start a business, but you can get astronomical student loans. It's intentional and creates individuals to be in debt their entire lives. In some cases, debt feels like an addiction.

[@roseroland1998]

Great video. We are all seeking for financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence. As Warren Buffet said, he has seen this happen many times in his life. Not an investor, My husband and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock.

[@baileymclean8186]

@Stanley Edwin Any chance you can recommend who you work with for those of us who want to make the right plays now and be better positioned for a healthy retirement?

[@baileymclean8186]

@Stanley Edwin Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@LisaMortis]

✝️971🔥

[@LisaMortis]

50874🔥

[@LisaMortis]

0866🔥

[@deepaksubramony5438]

I like the change of tone in this podcast compared to previous one ... Kinder, more compassionate, less judgmental, less mocking, less talking down at people.

[@pauljackson171]

6:38 also helps if you've a better job lined up as well as good performance that net profits the company when approaching such a conversation for a raise, & if you don't get it from current employer well can simply go with the other company actually honoring your worth at the time.

[@kentjensen4939]

Two things with me: 1 I don't have a credit card and 2 Once I am rich, I won't loan or give money to anyone; they'll have to earn it with a service project.

[@Yesminjames]

I always look up to you when it comes to financial lesson and advices. You are such a blessing to this community. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $1000 and receiving $4,200 in 5day. Analia Harlod is the best

[@Debbiemoris7652]

Investment brought me a great happiness! Irrespective of the economic situation, i still make good profits every week, it helps me take care of my kids and business

[@Yesminjames]

SHE'S ALWAYS ACTIVE ON TELEGRAM'S APP* WITH THE NAME BELOW.

[@Yesminjames]

*Ms Harlod*

[@donnidonald1895]

Even with the current crypto crash, the market has been pretty rough until it decided to rally today. Everyone was practically crying then. He kept dipping. That's what you get when you feel like you can navigate the process on your own.

[@donaldjack5487]

Trading with an expert is really beneficial, this will help you avoid losing your money in the trading market.

[@Beckyburcky321]

A wise person must know that in order to succeed, they must invest wisely and have a proper knowledge or guidance in the financial market.

[@HeatherJ123]

I think it’s brilliant to use brokerage advisor for investing! Prior to speaking with an advisor I was actually suffering an investing nightmare during the economic crash in March 2020. In summary, with the help of my advisor, I have so far grown my initial $120k investment to over $550k

[@HeatherJ123]

I’d recommend investing in good projects after DYOR and DCA rather than going all in at once to ensure a good average. I don’t buy /trade just for the sake of it ,instead I sought the advice of a fiduciary financial advisor, Jessica Katherine Ellis who guides me through the process, I made £70,000 profits in my portfolio in Q2 2022

[@HeatherJ123]

Search her name on Google.

[@Financial-Education101]

Mindset is everything, money comes to those who understand it, great video 👍👍👍

[@TheSastrikal]

Keeping up with the Joneses.... Great vocabulary... 🥳🥳🥳

[@wlady4000]

I have so many bad money habits. Thank you for this wake up call

[@ameliamark4867]

This administration putting so many families into difficult situations, I pray for our country, we need compassion for the American people! I appreciate Zelinda, Imagine investing $1000 and receiving $10,250 in 3days🇺🇸🇺🇸

[@ameliajoseph6314]

Same me here I started last week and I spoke with her through video call I have received some of my profit about $9,450 yesterday she’s trustworthy.

[@maswelldrake510]

Can you refer me to her 🙏🏼??????

[@ameliamark4867]

*MS ZELINDA*

[@ameliamark4867]

@@maswelldrake510 Get the application installed and search her up with the name above

[@annifred2159]

She’s indeed trustworthy I have contacted her, I just spoke with her on call.

[@myfindependencejourney]

Work to make money and have part of that money work for you so you can even make more money.

[@raylemar2386]

Girlfriends, if it weren't for me having girlfriends throughout my life,I'd be rich already.

[@Goody-babe.]

And those girlfriends are rich

[@dreameryoung38]

Boyfriends

[@dreameryoung38]

@@Goody-babe. they should mention relationship's

[@carterconklin8164]

Since I became Vegan, that impulse at the grocery store grew!! I didn’t know how fantastic plant-based could be. The store sells “end of the day” bag of veg for $.99, grab some condiments-I’m out under in $20 and meals for three days! Most important (money not mattering)-no animals harmed.

[@brightwriter]

"Paying only the minimum amount on your credit card" Not sufficient, I think. Of course you should pay the balance in full if possible, borrowing somewhere else at a lower interest rate if you must. But if you can afford to pay the balance in full, then please don't wait until the due date. Pay the balance in full just before the monthly statement is issued. Then you may have to make a small payment a few days later because of a few purchases between your actual payment date and when the statement is issued. But the credit card issuers report creditworthiness in the form of balance owed divided by credit limit when the statement is generated, and you have beaten the system by making sure that the amount owed is nearly zero. A good credit score results. Separately, never spend any money at all unless you are required to (taxes, for example) or you are aware of the need to purchase something before the opportunity arises to purchase it. _First_ you note the need for something, _then_ you seek it and buy it. You don't first have it shown to you by an advertisement or a store display or a colleague, then decide that you want it. In the consumer marketplace, ignore what you don't already believe that you need or want. The little boy who sees you eating a candy bar and wants a candy bar for himself--did he know he wanted one before he saw you eating yours? Don't be like that little boy. What you need or want should not depend on what people nearby have. If it does, figure out why and get your mindset repaired promptly; it's faulty.

[@AdoRe-y7m]

Same

[@iampratikk]

One of my favourite YT channel that helps to make smart moves and build a good personality. Love your videos ALUX 🔥

[@lvega5606]

I dont know if I'm in the minority, but i haven't had lifestyle inflation/ lifestyle creep. I have pretty much the same lifestyle now at 250k income as I did at 50k (in today's dollar-terms). I save half of my after-tax income now, wheras I got into debt before. Basically, I've always spent about 60k-70k/yr, no matter if I was making 50k or 250k gross. My car is 10 years old, I've been living with a friend, I use the same purse i bought 14 years ago, rather than buying new expensive bags. The one area where I spend a large amount of money is food. I get a lot of doordash when im busy working and don't feel i can pick up my own lunch. Starbucks for latte and breakfast every single day before work. But Ive always spent a lot on food. Anyway, I haven't fallen to lifestyle creep yet.

[@joycecarr1661]

Yet

[@servanttoson]

A well needed wake up call. I endured through this, but it was the bitter medicine I needed to swallow.

[@BRBallin1]

Living beyond means shouldn’t just be just based on income vs expenses. It should be based on how many expenses are justified. In your early days living paycheck to paycheck is fine but if you earn 6 figures and still live paycheck to paycheck or only save 20% or less, that’s not ok.

[@bustermaxey2977]

Laziness will keep you in poverty proverbs 10:4

[@andrew.alonzo]

At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.

[@hunter-bourke21]

I would be retiring or working less in 5 years, and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.

[@Kim.beneteau]

Your money is stagnant when you save, I will advise you buy stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance of a financial advisor.

[@Believer292]

you're right! If you are unfamiliar with the market, I recommend seeking advice or assistance from a financial coach. With the help of an investment advisor, I have diversified my $300,000 portfolio across multiple markets, We were able to generate over $1.2 million in net income from seasonally high-dividend stocks, ETFs and bonds. For me, this is the most ideal way to enter the market these days.

[@james.atkins88]

@@Believer292 Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in need for one.

[@Believer292]

@@james.atkins88 JULIA ANN FINNICUM is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@ClarkCapitalMedia]

Yes!! I definitely needed this 😁

[@JSFGuy]

How do you know if you haven't watched it yet?

[@luthandondlovu2863]

Thanks God for giving us this channel 😢

[@luthandondlovu2863]

We was blind.

[@LisaMortis]

Good news to everyone here , what a surprise ! Just with my phone , I keep earning money in every single trading with her new strategy ❤️🇺🇲🇺🇲🇺🇲📌

[@stevenporter863]

The background music is annoying. Listening on headphones in the office and I stop the video 3 or 4 times thinking an alert or someone is calling.

[@shaheemjackson283]

Q.O.T.D: Don't really have bad money habits that. Just need go make more 😁

[@lorettaknoelk3475]

Okay there ARE Get Rich Quick Schemes. It's LITERALLY called a SCHEME!!! THAT'S WHY IT IS CALLED THAT!! It is a trick!!!

[@Battleganz]

The habit I need to break is not pitching. I can save, but my income is too low.

[@johnkh2576]

Earning more than spending.Increasing sources of income.

[@jonnovember2136]

What I need is more money!... I am not here to get insulted💸...Stop following me!😂

[@untouchable360x]

16. Simping

[@TheFirstRealChewy]

Our issues are #1, #5, #13, and #14. In the case of #14, we have a budget but we dont always stick to it. So my plan for this evebing is to go through all the expenses and re-evaluate the budget so we arent fooling ourselves.

[@rons.6683]

number 6: Please stop saying "compound interest". It is earnings/profits.

[@stuarthudson2158]

Dont lend money to family or friendsand dont rely on one source of income 💯 great advice thank you Alux

[@Zigma-n2u]

Gambling is my big problem😢 I can't resist

[@narmadhakrishnan9476]

16. Being a victim of theft. Not a habit, but there seem to be no end to the increasing number of theives!

[@tanichiamoses4784]

Lending to those who I know cannot or will not pay back.

[@charlespeterson3877]

Pride goeth before a fall- in funds😢

[@charlespeterson3877]

If you put all of your eggs in one basket, you had better watch that basket!😮

[@oleandrosubira]

13:18

[@Agent77X]

I used to go to Starbucks for coffee each day too! Quit that habit and save my money now!😊 Get my coffee at the gas station and save $1.50 a day!😊

[@nafe4773]

Thanks alux🙏🙏

[@rrawlins3382]

No one is smart enough to break the laws of money

[@omega8851]

my bad money habits are relaying on just on stream of income and not investing well enough.

[@OnyedikachiKing-bk6od]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[@Raymondcraw1967RaymondCrawley]

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[@BrewerVera]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.

[@FaithAndrada-xo9ou]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.

[@BrewerVera]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with 'Whitney Kay Stacy' for the last five years or so, and her returns have been pretty much amazing.

[@FaithAndrada-xo9ou]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@danielsalcedo7610]

Yeah Loved it!

[@JSFGuy]

Yeah watt?

[@JSFGuy]

Edit yeah loved it, hasn't even played or watched it yet.

[@milouschmidt]

I want to invest and I don’t have any experience in that field 😅

[@cstswamy]

I clicked 7 days trial button but my full year's subscription has been paid without any option to cancel the subscription. The app gives me Journaling, daily lesson, and stories only. Whatever is being advertised in the you tube video doesn't match with the actual content of the app. Moreover learning packs have to be paid for separately. I can't afford both. Please process my refund. Thanks

[@bevconklin5172]

I had a specific checking acct for impulsive purchases/not needed purchase. Along with my obligatory accounts (bills such as Electricity, gasoline, uber)-it took only One Month to show me, that I was a bit to quick on the Amazon Button!!

[@renerodriguez6300]

Sick and tires of this way of life.... work for your goals... your needs and dreams. Don't listen to anyone that envies you or bad vibes you.... ALWAYS have a plan regardless of the situation....

[@satyam-evajayate438]

Not understanding difference between linear and non-linear compounding is the biggest risk.

[@ebonylewis1680]

We are paying off credit cards. I have totally stopped using it. Temping my self not to join memberships on KZbin 🎉

[@colossalveiwz5119]

Impulsive buying Gambling

[@IVMTAB]

The taxes comment about healthcare had me laughing out loud

[@kelebogilemaponya1844]

may you please do a summary of Bitcoin in the Mining Sector.

[@selwynedwards8964]

#16. Putting money in the hairy bank

[@AdanLivinginA]

Great video ! 👍

[@manfredmann2766]

Trump seemed to do OK by shirking taxes

[@hadislerlehadiseler.5915]

this voice is soo unplasant , she talks like Money is going to make you happy

[@catheline51]

She has a very condescending tone.

[@hadislerlehadiseler.5915]

@@catheline51 She is most probably with older men , hoping one day he is Dead and she gets everything but later realizes that he left everything to someone else, eventually Suicide that all the work and sacrifice that she made to get rich , was just a big lie to her self, if she gets rich she will be happy. Maybe she will get rich but still she want be happy, just takes 1 video to listen famous one. Islam said that the richest person is not who collects all the staff but one who uses money well. 👆

[@Strategic.Finance]

I am your fan

[@akhilsahuodishachhatisgarh3694]

🧡🤍💚🥰 from LEO 👍🙏🇮🇳

[@slaughterking5625]

Alux Plz can u guys make a video on how a man or a guy can take good care on its self

[@usainbolt5153]

This aint a looxmax channel this is a money channel🤑🤑🤑🤑🤑🤑🤑🤑🤑

[@Voclas_El_Malevolo]

Bro impulse buying always fkng gets me, managed to save up 30k in 4 months boom gone, made another 10k in another 2 months boom gone bro wtf I just made 15k about a month n a half ago fk bro gone to 😭 aa hell nah I’m back at square one rn😭 we gone change bois, I can’t keep doing this shi

[@wlady4000]

Thank you Alux

[@danicegewiss862]

We live under our means and invest the rest..

[@Mandi-venture6976C_U_L8R]

I always used the fact that I'm a college student as an excuse for bad money habits but that stops today, thanks for the wake up call 1. Living beyond my means 2. Not investing 3. Keeping money under mattress 4. Not paying taxes 5. Relying on single income stream 6. Ignoring budgeting

[@ManlyHK1]

Where is the bonus tip?!

[@hollyc.691]

I'm working on paying off debts. Been working a 2nd job and will continue to do so until my $15k loan is paid off from 2020. 🎉

[@marceluglear2962]

💐

[@mayamaxsports]

🎁🎁

[@anthonydavis7651]

Anybody feel like being a angel or shadow investor conmigo? Ill pay it forward!

[@schunkelperser1794]

That's me! That's me! 😲

[@patriciasanchez7943]

Gracias!!

[@Angry_Bob]

They never mentioned the worst money habits, getting married and having kids. Of course results may vary but regardless if everything goes smoothly it’s not a good investment if you’re concerned about the dollar cost.

[@ugrrDOTnet]

..addicted to this content

[@carol-us4xn]

You don't have any. 😂😂😂😂😂😂😂😂lol

[@bustermaxey2977]

That's crazy to buy to keep up with the jonesess

[@davidviens7937]

Alĺĺ 15!

[@somerandomfella]

Where I'm from we don't keep up with the Joneses, we keep up with the Wongs & Nguyens 🤣

[@lochrsthn7280]

Another BMH: not investing in oneself.

[@kaliehall-to8im]

Bad money hobtes fronting mashine problems together paying of debt

[@carterconklin8164]

I keep Star Notes and I have a lot of piggy banks all over the house. I have cash all over stuffed In small places. Bc, when I die I want it to be a funny thing-I want ppl laughing; not crying. And, it will be up to them and their character as to if they will share it; or keep it for themselves. I’ve been placed in that position. Nobody was helping me with my family member-nobody was there for him-or me. Cleaning out his lifelong home-it was only me-nobody knows what I found-they weren’t there. I’m not angry about with that.😊

[@hilo5901]

Guilty of #9. They have no intention but I still apply the pressure to let them know that it was not free at my expense.

[@KING-OF_BEASTS]

What if you're riddled in debt and a bank wants you to pay the money

[@ms.carrick429]

Impulse buying

[@djruckus757]

Hey Alux..could you do a more in-depth video about HSA’s & IRA’s?

[@YAK_INC]

Smoking weed Not budgeting only in my head I have an hsa Roth IRA 401k I have some dividend stock. I have to pass my cdl permit that’s why I have to stop smoking weed. Once I do I could get paid $1k a week and since I live below my means and not an impulse buyer only for fast food. I feel like I could save for a down payment on a house /duplex or triplex as a first time. And go from there

[@Princetogram1]

Lovely

[@auro1986]

narrator says the only money habit you have to break is whatever that prevents you from watching 15 videos in alux channel daily

[@CecilleE-bj5ef]

Lending money to people who I know will never pay it back.

[@favourpaul9855]

Impulse buying 😊

[@bustermaxey2977]

Pay off the whole bill on credit card. If you don't have the money to pay off don't spend.

[@baronbattles4681]

Attitudes of entitlement?

[@CarmenDistefano-q9e]

Buying things online and paying shipping!! It is not smart.

[@milapolecom]

Thanks for sharing. Great tips. 🚩

[@selyne5115]

Lending people money.........most so relative