5 'Normal' Money Habits That Keep You Poor

[@ElAgustin]

What's another normal money habit that makes people poor?

[@victorbaird8220]

Eating out too much 😊

[@jfk9996]

not learning some basic DIY skills and getting a expensive tradesman in for everything.

[@1986Ster]

Alcohol consumption. Especially, going out twice a week.

[@quorrakai]

Maxing out the mortgage amount the bank gives you for a house. Then, they can't afford heat, cooling, and maintenance. House poor.

[@eleanorward9533]

Time given to people who suck your energy out of you because are polite and too nice. Learning boundaries and assertiveness. 😊

[@JessLotte]

Your videos have totally changed my finances this year. I have saved more money than I ever have and am closer and closer to being debt free. Thank you, Austin!

[@ElAgustin]

I'm glad to hear! Good luck on your journey!

[@sandrabryan9106]

Good for you. If you find that exciting wait until you are debt free and see how good it feels to save/invest then. So worth it!

[@pittsburghcoffee3329]

@@sandrabryan9106 I Agree Sandra!!

[@MoneyPlusHealth]

Hi Austin, I am from India. I'm 33. My father never had debt, but he didn't save much, I think he was content with what we had. When covid hit, I was at -$30000, then I found Dave, and now I am around -10000. But, I will be debt free by the end of this Year. I am super glad that I found you. My expenses are pretty low now and I have more time for my family. Would love to meet you in person. Thanks for sharing your valuable thoughts! 🙏

[@derrick8224]

You put a lot of effort into these videos and it shows. Loyal follower.

[@flohough1870]

Love watching your videos, so much common sense. #3 has driven me absolutely crazy for ages, the idea that the bank will tell you what you can afford is just nuts. When we bought our current house, we knew exactly what we wanted and what we wanted to afford. The bank kept trying to push us to buy a bigger house because "you can afford it". We didn't listen to them and stuck with our plan. That was in 2010! So obviously they learned nothing from the prior situation.

[@ElAgustin]

"We learn from history that we do not learn from history."

[@arafatbukhari4424]

Hello 👋👋 I Save Emergency Funds in two sets. 1. Emergency Funds for Touch. 2. Emergency Funds for No Touch 😊

[@misslinda772]

I dated a financial advisor who told me the banks were lending out to applicants who couldn’t afford their mortgages, because the lending institutions intended selling those loans and earning huge profits. It was deliberate cruelty!

[@AnnMitt]

Spot on, Austin!!! Invest the max in your Roth IRA each year. Your 60 yr old self will thank you.

[@kwokweng76]

ur videos are great motivation to us

[@shumatsuopost]

Great video! I think it's so important to recognize these 'normal' money habits that can actually hold us back from financial success. It's time to break free from the mindset of just getting by and start building wealth instead. Looking forward to implementing some of these tips in my own life!

[@keithclark8030]

Love it man. Thanks

[@eleanorward9533]

Yes Yes Yes Augustine Patience🙌🙌🙌!!! Know when to hold them know when fold them....

[@rachelwalsh4378]

Excellent video 👍 love the sarcasm….it really hits home 🏴󠁧󠁢󠁷󠁬󠁳󠁿

[@grantchanin2878]

I was told by my late father there are two types of people. One lives on what he earns., the other lives on what he takes home.

[@OfficialCalbel]

I enjoy watching these videos with my lunch every week. I agree 100% with this mindset. I’m concerned about whether Klarna/clearpay and these buy now pay later schemes are being regulated properly?

[@ElAgustin]

Yeah, I think with the tech industry there are so many new things that it is hard to keep up with regulations

[@Mysticbladegod]

I use cash for pretty much everything. Don't have a credit card. Don't want or need one. No payments outside of my utilities & student loans

[@cajunjamis9001]

"Own GOLD / Silver" Store your wealth through troubled times. If you don't Hold it, you don't Own it! INTRINSIC VALUE (REAL) note: "It is tough to make Predictions espicially about the Future." Yogi Berra

[@tomgeorgestory]

Great channel!

[@andrewminjiras5745]

Regarding the economy, I used to know all the answers. Now somebody changed the questions.

[@mikesamovarov4054]

Think for yourself and avoid getting sucked in to self-slavery, like most.

[@bjgoels]

I am enjoying your videos; they are very insightful. They are making me rethink money as well as my spending and giving me a better sense of purpose financially. Thank you.

[@juliem.3936]

Love the sarcasm! Especially when you said we are SO SELFESS when we give all of our money away. 😏Yeah, right!

[@maxiecharles2842]

Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.

[@chrispaul3778]

If you don't find a means of multiplying your money, you will wake up one day and realize that the money you thought you had, had been exhausted. Investment is a ladder to climb the financial wall.

[@maxiecharles2842]

Cryptocurrency investment, but you will need a professional guide on that.

[@maxiecharles2842]

FB..

[@maxiecharles2842]

Evelyn C. Sanders

[@maxiecharles2842]

Telgrm...

[@CAGChannel1]

Most your age didn’t fully live the 2008 crash. Keep telling people because history is, again, rhyming.

[@ElAgustin]

Yeah, my dad lost his job, we lost out house, and my mom's company shrunk by 60%. I was only like 13, but I do have some memory as so much changed. I love the quote, "We learn from history that we do not learn from history"

[@CAGChannel1]

@@ElAgustin keep telling people. Our older kids saw us foreclosed on and unemployment, but they didn’t fully get what happened. I keep telling them the details now so they know; really know. I sometimes feel I should have given them economic details at the time, but they could only feel the devastation, not understand the big picture economics. Keep telling people, so they know it is happening again.

[@7931lila]

Hey Mr., just a quick message to let you know that all of your videos that I have been watching tonight are posting 30 minute commercials/advertisements. With youtubers that I follow closely I let the video roll through the advertisements, but each of your videos that I’ve watched tonight, which is about four, have 20 - 30 minute Advertisements. feedback. Thanks for all the great work you do on KZbin. I’m learning so much.

[@ElAgustin]

Thanks for letting me know. KZbin actually chooses the ads that are placed in the video and targets it differently to each specific viewer based on their interests. I unfortunately have no control over what ads appear in the videos. Glad you're enjoying my videos!

[@7931lila]

@@ElAgustin one add on - I noticed long advertisements (really other videos as ads) are in others I follow too…. 🤷🏻‍♀️

[@janettejanners7714]

Thankfully I’ve never been in awe of expensive cars, jewellery or handbags, when I was in minimum wage jobs I only ever bought what I could afford, I’ve seen so many ppl get into debt through other ppls bad advice or spending habits, a good thing to remember is- a £300 handbag will do the same job as a £10 handbag, a £300 watch will tell the same time as a £10’watch, don’t make yourself broke trying to look cool

[@rezounours9628]

OMG habit n3… As I have what is considered a good job the bank landed me very easily the amount I was asking for my first house purchase … they even could have landed me more ! But the reality is now I’m not comfortable… thank god I paid back my debts to my friends and family and try to be frugal now I can now even save , but it has been a long road. I wish I was told this then

[@rachellane2198]

Loved this! Can you make some videos on how to invest in the stock market for beginners?

[@rachelwalsh4378]

Brilliant 👏🏻🏴󠁧󠁢󠁷󠁬󠁳󠁿

[@msd5808]

I don't understand why mortgages exist. It seems like you should just be able to buy the house up front. But I guess it would be really expensive.

[@kaninma7237]

Another good video. Thank you for what you do.

[@bthomas50]

Love your content.

[@Sociopedroso]

God’s favourite country 😉 🤣🤣

[@AnnabelleBeaudoin]

Great video, handsome host 👍

[@Rocky_Anunnaki]

🔥Keeping up with Augustine🔥 #101

[@Alexander_Rezner]

The inflation in Austria is currently at roughly 10 percent. How lucky it must be with only 2 percent!

[@livingoncoffee]

Great points. So smart...

[@TeaLightCooking]

Another great video as usual Austin! Thank you for your insights - they create an enhanced level of financial awareness in your subscribers.

[@TimelordUK]

Wheres video 100?? I missed it x

[@joanaw.1379]

In this case, what do you guys think? Better to buy a house right now or wait as the rent increased as much as we can afford?

[@mikesamovarov4054]

There are a lot of other alternatives. You have way more options than those 2 choices you've provided. Start thinking outside the box.

[@SlumberBear2k]

he knows! Shut it down!

[@danicegewiss862]

I put my schooling on my credit card. I had no choice. I'm working on finishing by the end of summer. Currently the credit card is not charging interest. Once I'm done, there is a huge demand in the field for workers. We have little debt otherwise. I pay it by saving it. The entry level pay is higher than I can make without the certificate. In one year I can make a great deal more. Because it's online it was only a few thousand for everything. We live well below our means so the debt is shrinking. I dump money in savings and investing first.

[@mikesamovarov4054]

Why would you do that? 😂 Yes, you did have a choice. You acted mindlessly! You're fuсked now...

[@mikesamovarov4054]

If you pay upfront by saving, you still lose inflation %. Every year.

[@SanJoseCA-ot3qy]

Wrong!

[@AntiMasonic93]

This guy looks like the actor, Raph Macchio.

[@danicegewiss862]

I toss money in various accounts...Xmas Club for upgrades on electric, savings for emergencies, investing for millionaire status, then the bills get paid. I did a side job and put $225 towards debt and $100 in emergency fund. I was that greedy. Can you believe how greedy I was?! 😀

[@BilgeBrigadeBangerRacing]

When a finance expert says the rate of 4 out of 10 could 'even triple' 🤔😄

[@darrieng6608]

That’s what I said like wtf where they do that at😂

[@jeaniethompson5623]

Great advice, Austin. 👍xo

[@schunkelperser1794]

Brilliant video!

[@JuancoPRoFlow]

You a habitual line stepper

[@joannbrown2842]

2% ???????

[@devashishpatwardhan3]

What is that thing he says in the beginning of every video? I’m not a Spanish speaker :/

[@ElAgustin]

Damas y caballeros = ladies and gentlemen

[@pamilyadance3550]

Thank you Austin! This video is invaluable! How can this video reach the younger people who are at university/ finishing Uni and starting out life independently?

[@mindbuilder9507]

Good advice, but I don't agree with investing in the stock market. That's not good advice.

[@thomasokeefe3081]

Excellent Video Austin. I have a question for you. What is your take on the CBDC being implemented in the U.S.A.

[@CAGChannel1]

Augustine- ain’t touching that can of evil economic worms!

[@CAGChannel1]

Seriously though- Neil McCoy Ward goes deep on this. Lots of info if you want to deep dive into this.

[@HerCupOfSIMPLE]

Austin, just the intro of this video🔥 The amount of work you put in it is absolutely appreciated! I love how you explain the hows and whys..... "If you develop patience".....awesome!!💯

[@ElAgustin]

I appreciate it the recognition. Sometimes it takes 3 hours to write the minute and a half intro!! Writing becomes easier after you do it so much, but it is still very challenging because you want to make it engaging! It shocks me how much I write now.

[@itsHeatherKay]

Oh, please don’t talk about using the bathroom. 😝

[@cajunjamis9001]

💩💩💩

[@ElAgustin]

We all do it! At least once a day!

[@itsHeatherKay]

But we don’t need to chat about it. Let’s keep things classy. I otherwise love this content.

[@daniel11v33]

More invaluable wisdom from Austin Williams' channel. And for FREE!

[@mikesamovarov4054]

Nope, you've watched ads, he got his payment. It's not free advice. Free cheese is only in a mouse trap, dear 😂 He claims as if you only need shelter, water and food to survive, forgetting clean air, medical expenses etc. He creates controversial click bait content, so you click and watch ads.

[@supercaptainbatdoggy]

I dont invest in crypto stocks or any other volatile vehicle that can and does fluctuate and lose value. When I pay myself first, I will put like $50 each month (plus a little extra whenever I can) into a high interest earning online savings account such as Betterment. And the almost $1600 I have in there has never let me down in the two years Ive had it, and in fact continues to grow by a few dollars each month.

[@ruthgrayson7608]

0 ZERO % for 1 1/2 is how I survived

[@kelseymorgan8596]

📌 *Nice video, love how you take your time to educate your viewers. You gave me the mindset to invest my savings now I have made profits over $120k Right now and still making more , I am enjoying a good life with what I made investing. Indeed ‚building a Portfolio income (investing) through a licensed investment adviser is one out of many ways to earn passive income.*

[@mikesmith5264]

Quite impressive but HOW!!?😊 I know it's possible, my colleague at work got her first investment return of 40K after two weeks and she quit the job , I would appreciate if you show me how to go about it..

[@dennisstevenson7038]

My first experience with Mrs Jessica Madilyn gave me the assurance and confidence that has made me to invest without fear of losing, I really appreciate her efforts and transparency..

[@deborahmartins1792]

@@dennisstevenson7038 That's awesome. I dealt with crypto last year on Robinhood, tried some index but didn't take it out so I lost it by the end. Any consistent strategies?

[@sylviawade2193]

@@deborahmartins1792 *I got Jessica Madilyn McMain recommendations on ABC News in December 2022 and started following her lead and made $23,450 in two week. Lost my job in April 2022 and right now I'm back on top again and I always win with her guidance.*

[@peterross3292]

Mrs Jessica Madilyn McMain service is a talk of the town in Sydney Australia 🇦🇺 , I started with a little amount of 1ETH and she made huge returns and I have been constantly investing with her

[@sebastianmuller7245]

👍👍👍👍👍

[@magal55]

For me investing in real estate was the best financial decision of my life. I did it when the market was down, of course.

[@karolinasundkvist5762]

Extremely good advice! I subscribed to your channel after watching two videos! Actually, I am already following most of your advice, but I could make my saved money grow by investing much more in for example index funds. I will make that a priority. Thanks for bringing that up!

[@neilschipper3741]

Question... do you follow the KZbinr... uneducated economist? He really gets in deep with details.

[@ElAgustin]

I don't, I'll check him out!

[@CAEO416]

America is god’s favourite country? Really? Americans actually think this is true? What a bizarre, insular statement.

[@harleymax01]

2008 is nothing compared to what's coming

[@TeaLightCooking]

Another great video as usual Austin! Thank you for your insights - they create an enhanced level of financial awareness in your subscribers.