7 MONEY HABITS THAT CAN KEEP YOU POOR! (MONEY TIPS!)

[@ZietInvests]

Point No. 1, spot on, YOLO on all those pointless activities is indeed harmful to body as well as financials. However, YOLO is not fully bad if used at the right aspect. A little dose of YOLO is actually required to push yourself out of your comfort zone to start something new. For example, I was a camera shy dude but I pushed myself and YOLO-ed, started my KZbin channel with awkward videos, now I can speak better compared to 5-10 videos ago. All in all, solid advice !

[@joshconsultancy]

Hi Ziet, saw your channel! Keep going 👍🏻

[@ZietInvests]

Josh Tan - TheAstuteParent thank you! 😁

[@raylearnstofilm6668]

It warms the cockles of my heart that people like you are willing to share valuable information 😊

[@raylearnstofilm6668]

Thanks Josh

[@joshconsultancy]

Hi Ruimin, #cocklesofmyheart! Cya around more!

[@stevensee2455]

Another good video! Very down to earth to teach the youngsters, another standing ovation for you!

[@ReeceCaruso]

Great suggestions! This is such an important topic to be discussing. I really enjoyed the video!

[@joshconsultancy]

Glad you enjoyed it!

[@bossbottled6357]

..And I am surrounding myself with your uploads! 👍 Thanks Josh!

[@joshconsultancy]

No probs BB. Smash the subs and cya around for more!

[@anna_wong]

How I wish I have seen this video earlier.... then I would have saved more. You are right, gym memberships are a waste of money! I only realised it after being with them for 4 years.

[@joshconsultancy]

Hi Anna, no probs...welcome to the family and see you around more k =)

[@MaskedMageYT]

Can't wait for this one I'm here 3 days early

[@joshconsultancy]

MaskedMageYT nice! Stay tuned! Being early is one of the signs of rich mindset =)

[@jameszoeytan3129]

Great advice for many, I really enjoy your videos, will look out for more. thanks Josh.

[@joshconsultancy]

Hi James, great to cya! SMASH THE SUBS and stay tuned =)

[@BalrajSingh-gg3qm]

Regarding thr vices, i would also add video games and collectable card games. Many of thr younger generation speand a lot on this. I do not smoke and do not drink, but used to spend around 600 to 800 a month on these( an i am considered a cheap buyer, as there are people that can spend up to 1 to 1.5 k per month). Anyways, have stoped all this for over a year and redirected that money to investment, i even made back about rm 5 k by selling all my boardgames, card games and video games.

[@joshconsultancy]

Hi Raj, games yes indeed are a vice and very addictive. Welcome to the channel and cya around more ya

[@hummit]

And frequenting restaurants....nowadays the food prices in our restaurants are rocketing up and up....

[@BalrajSingh-gg3qm]

@@hummit agree. I try to bring food from home for lunch, can easly save rm 200 per month, with the added benefit of less oil and salt. :)..

[@steph8439]

Think I all of the points haha. Thanks for the sharing

[@joshconsultancy]

Hi Steph, no probs and cya around more k! =)

[@dorothyew7156]

Thanks for sharing.👍 Common sense but sadly, I see frivolous spending in people around us. I believe bad money habits stem from a lack of "financial role model" when young. Also, the root cause could be emotional problems.

[@joshconsultancy]

Thanks Dorothy. I agree. Share with someone this video and cya around more ya =)

[@Indulg3]

Excellent content! Enjoy watching your videos :)

[@joshconsultancy]

Glad you enjoy it Indulg3! Welcome and cya around more ya =)

[@sageinfinity2140]

Can you make an episode on how much to spend on insurance, and what kind of insurance to buy for entry working adults..

[@junx5770]

i second this. Would be interested in insurance coverage!

[@joshconsultancy]

Absolutely! Ive this article to share www.theastuteparent.com/2020/04/no-nonsense-guide-to-getting-insured-for-millennials-2020/. Will do a video sharing too, SMASH THE SUBSCRIBE to get notified of it =)

[@hummit]

Thanks Josh! I'm even sharing this video with my sons! :)

[@joshconsultancy]

👍 happy to hear that!

[@pierrecai]

Hi John, I agree with all the 7 points but number 6 I feel you should emphasise on the different between stock speculation and stock investment. Reason - I encounter some friends the moment I mention I buy stocks they commented wa risky you big time gamvler? .

[@joshconsultancy]

Hi pierre, point taken. Maybe I’d do a revised version in future with a bit more depth. Cya around ✋🏻

[@Mrkindbacon1]

Pretty good video I must say 👍🏻👍🏻👍🏻

[@joshconsultancy]

Thanks wan kim, smash the LIKE and cya around more k!

[@JJ-iu6sr]

Educational video.

[@joshconsultancy]

Hi Jeff thanks =) Cya around more ya

[@cathhl2440]

Interesting! Maybe you can make a video about traditional asian mindsets that make us 'poor'.

[@joshconsultancy]

Hi Cath, I LOVE alot of our asian mindsets actually. Kiasu and kiasi usually is better than the western "borrow and go enjoy today" haha

[@hummit]

It’s how much a society invests in education of its people that determines the affluence of the country. Country requires able people to be at the helm and it requires efficient people to execute the plans. Singapore is blessed to have both.

[@slpy]

Josh; do you have any advice on how to budget your finances according to standard sgrean life goals such as: house; marriage; savings for children etc? together with looking at insurance and investments wholistically. or sth like that!

[@joshconsultancy]

Hi Norman, I looked at your question deeply. Goals may be difficult to standardize. That's why rules of thumb like the 50/30/20 rule come in for different income level (kzbin.info/www/bejne/jnTGnq2pmdh1b6M). I have in mind some ideas for insurance planning so do SUBSCRIBE and stay tuned! =)

[@chilly2171]

I don't understand why you would say that stock market investing is gambling, I've made over 100% this year alone from my investments in stocks

[@joshconsultancy]

Good for u =)

[@silentbliss7666]

8th bad habits: accumulating credit card debts

[@joshconsultancy]

Hi Silent Bliss, welcome to the family, Agree =)

[@silentbliss7666]

@@joshconsultancy thank you! Glad to find your channel :)

[@joshconsultancy]

@@silentbliss7666 no probs! cya around more =)

[@everyoneloves9040]

I want to trade with a small starting capital of only $5000. Looking to make at max 2 trades per day. Which broker do you recommend? 1. Saxo 2. TD Ameritrade 3. Interactive brokers 4. FSM one

[@everyoneloves9040]

Thanks in advance for your reply

[@joshconsultancy]

Hi there, those listed are roughly the same. My recommendation is actually to don't trade. Invest properly. Slow and unspectacular. Sounds weird but I've consistently shared that. Thats in point 7 of this video. Hope it helps and cya around more =)

[@kuanhengchoo567]

"Smash the like button" is outdated already. These days, its "Destroy the like button". Cheers : )

[@joshconsultancy]

Lolx! Yes! 😉 see you around more k!

[@eugeneteo9664]

drinking makes thaibrev richer

[@joshconsultancy]

LOL eugene. You rooting for them?

[@eugeneteo9664]

@@joshconsultancy yup.sad or happy time,alcohol is a must.

[@eugenegoh]

Are you a financial advisor ?

[@joshconsultancy]

Hi Eugene, yes and you may find my profile here www.linkedin.com/in/josh-tan-jl/ =)