7 Money Habits That Keep You Poor

[@yumearia3662]

Basically boils down to two things, "Don't waste money on BS stuff and learn to do math" :)

[@scotteric8711]

This is the way to escape Samsara. 😎

[@weinowei143]

Can you do it~~ that's the real question

[@goldeneggduck]

1. Lifestyle inflation 2. Pay more tax than legally required 3. Spend to show off 4. Load up on bad types of debt 5. Not tracking spending 6. Not saving not investing 7. Overspending

[@jennifercrosdale5391]

My husband was laid off and out of work for 3 years. I worked a full-time job and 2 consulting gigs to pay our bills. It taught me to never have expenses that will exceed a single income. Hubby and I have been consumer-debt free since 2008 and it's really nice. We track our expenses which shows us exactly how much we spend and set limits for food/eating out/booze and have a goal to put 25-30% into a high-yield savings. We are trying to buy our first place and we are in our mid 50's.

[@JackofAllGigs]

How in gods name was he out of work for 3 years he could have worked at McDonald’s while waiting to hear back career jobs $20 an hour keeps you afloat

[@agunner6262]

Out of work for 3 years aka lazy

[@Kushert]

Imagine not working for 3 years straight 😳

[@Sal-ub7lt]

I thought It would have taught you to ask your husband to get Any Job!

[@zf1786]

@@JackofAllGigs maybe he took care of the kids back then? that adds up too if you dont have support

[@jonathansoto6366]

I stopped going to fast foods through the week, now I bring food from home. It saves me a ton of money

[@carmenedwards3863]

Very smart, and more nutrient ❤

[@carmenedwards3863]

Smart move❤

[@DoubleOhSilver]

#8: allow your government to print money faster than you save. Happened to me. Avoided 1-7, forgot about 8

[@TougeTime]

If u have assets ur networth grows with it

[@nunyabusiness1317]

@@TougeTime this

[@AlexPGA]

This guy is gonna be regarded as one of the greats in the future he’s just so honest and real

[@joshuamerrill3959]

Lmao the word “regarded” has been violated for me lol

[@AlexPGA]

@@joshuamerrill3959 why?

[@blackdynamite4174]

I agree, definitely my go to Economic Adviser.

[@SewingBoxDesigns]

@joshuamerrill3959 Okay, "looked up to"

[@StuartGrand]

"I have an amigo" caught me off guard haha

[@SouthernDrinkSlinger]

This made me LOL. I have an amigo who has 700,000 pesos.

[@shortiejayyy]

Hahaha dude same!!!

[@DavidHoughtaling]

That was great 😂

[@goldrumble-rw1ji]

im not addicted to gambling im dedicated to winning -Sun Tzu

[@FadiGamingRP]

😂😂😂😂

[@joemama69448]

That's a real qoute, I was there.

[@HD-pc4id]

Amazing

Pretty sure he never said that

[@theredsalmon612]

Source: trust me bro

[@ChristensenStringStudio]

This video , and this channel should be required viewing for every 18 year old in the country. Then again when they are about to graduate from college.

[@kyotoben610]

14 year olds and every year until technical school or college ends.

[@daebak_hana]

​@@kyotoben610exactly. My 10yrs old is already getting these lessons

[@aroggo16]

Or even before college, sometimes college is not for everyone and the cost of student loan debt is not worth for most and could find another path in life with less if no debt.

[@ArchieS.-wu2lx]

"any DUDE with Louis Vuitton..." I died laughing out loud. I know way too many of these. Forking over several hundred for just a belt or a tiny card wallet. Good advice Brian!

[@dvgadd]

I won a $12,995 jackpot and blew it all. Having money didn't make me really any happier, but it was exciting.

[@JohnJayAveryIII]

Ummmmm....

[@Tambrose0405]

This is stupid and $12,995 isn't even enough to make whatever it was you bought exciting.

12k is not money unless you are poor

[@dvgadd]

@@Tambrose0405 Y'all just jealous. 😆

[@peterjhpark4782]

Hey, at least you bought the experience of being excited.

[@YTSparty]

The best thing is to stay poor. In other words, live in a very affordable home, drive a used car for 20 years, cut your own hair, never go out to eat, buy all your food at the grocery, pay off all debt, live in a low-tax area....basically live like you have amin wage income.

[@michaelc1063]

Thats how they want you to live. So you can have less while they have more

[@dongyan8717]

No haircuts?!

[@donjon8382]

@@dongyan8717they cut their own hair. Who are you trying to impress?

[@garciakcfan]

@@donjon8382that’s one thing that is budgeted for and will always be budgeted for lol.

[@Jazzycat50]

3:58 “The magic blackmailing words.” 🤣 Brian you crack me up…all the time! 👍

[@davidj669]

If more people are like you, this would be a better place.

[@Stoppedgetout]

OMG this was the most important gesture of public service that I have seen in a very long time. Brian, thank you for sharing a lesson that could keep people from falling through the gap/cracks when they unexpectedly lose their job or when they retire. I did those things but only after taking classes at my job. This advice is worth its weight in gold. Thank you

[@SAJKAZ-v8t]

Sometimes , its not your fault , they just tax the hell out of your pay check ! And then tax you when purchasing using the money that has already been taxed!

[@kdckicksbutt3461]

It’s a scam

[@happyhermit476]

I’m a CPA - certified parent & Adult. Mostly competent. lol honestly, thanks for this information. I appreciate this and other videos you make.

[@ZER0_G]

Nice 🤣

[@clearvaluetax9382]

Thank you for all the support and I hope you enjoy!

[@alfredbernal8603]

Bad/good spending habits are very costly nowadays! Please start budgeting People. Thank you Brian for your time and video!

[@jole8700]

I only recently realized how important it is to track your spending..... Made a budget for myself and figured I could just "play it by ear" for the first year or so. A few months ago I took a look at my cc statements from last year and found I was spending over $500 per month in unnecessary purchases. You might think I'm just dumb for not realizing how much I was overspending but those $20-$50 purchases really can add up without you ever realizing. Especially if your budget is aimed toward living below your means

[@brandonscott3012]

Magic blackmailing words 🤣🤣🤣

[@daebak_hana]

😂

[@gialovesjesus8350]

I would add to that list, not maximizing on your 401(k) and not starting early enough to see the power compound interest.

[@scopesieboy]

I was really worried that I was never gonna be poor. Thanks to this video now I will be forever! Thanks Clear Value!

[@SewingBoxDesigns]

🤣🤣🤣

[@carmenvalentin8186]

You got my attention when you mentioned your honesty and how you feel about dishonest people, as for me I believe do to others what you want done to you, it never fails

[@MGglenn]

I'm still poor monitarily due to inflation on basic living expenses have been exceptionally high AND working wages are low. This country has not increased wages to keep up as well as retaining employment has been a struggle. I know others are experiencing this as I.

[@ThatOtherRaccoon]

Thanks compa Brian. I budgeting really has helped out. I traded in my gas guzzler SUV and bought a hybrid. The extra money left that I budgeted for gas is going towards the payment.

[@yourbodyandyou]

During the pandemic, I was really struggling financially. However, I kept my job and worked from home. I was able to save enough money to get out of a bad living environment. Once I left, the money went fast but I was free. That savings bought me options.

[@littlezero6399]

What about pre-marital pregnancy, not being willing to move for better work, or eating out all the time, smoking? Those all seem to keep people down.

[@silver-ageddave2849]

At the three minute mark so he’s basically saying “I hate ALL politicians”

[@SewingBoxDesigns]

That proves the man is sane and normal. Vote for the con artist you hate least is now standard politics world wide. 🙄 If the USA gets any worse, I'm going to just write in vote for Putin or Xio Ping (spelling?) 🤣🤣🤣

[@jordandowland7256]

2:50 - I hate dishonest mechanics. I hate dishonest dentists. I hate dishonest politicians. And I hate Graham Stephan and I don’t want to be like them.

[@SewingBoxDesigns]

Our mechanic is honest. Poor guy is killing himself with overwork. He begs people not to put reviews on line. He pays an honest wage, but hired guys quit because he won't gouge customers. 🤷🏼‍♀️

[@greatescape-jc1]

Great job Brian! Can you please share some of your good ETFs, Index Funds, Reits, Stocks ticker symbols that provide good dividend return in the long run? Appreciate all your guidance through all your lessons here. Thanks!

[@clearvaluetax9382]

Yes! I definitely will, thank you for that suggestion. I'll get to work on that and have it released soon.

[@Mreffrod]

I’m also wondering if I should put money in dividend paying stocks to live on or try to live on market gains, after retirement.

[@rayanderson3164]

Auto pay has made us wealthy. Take the thought out of it and pay yourself first. If I had to remember to set aside money every paycheck or month, I don't think it would have happened. Too many other things creep into life, and it would have been forgotten more months than not. It took us almost 28 years but now retirement at 55 in 5 months is happening. It can be done.

[@andreideac3962]

The majority of people don't care,it's all about feeling good at the moment.

[@ethanestalilla8023]

Those are the same people who will ask for a handout

[@mugenmoogle4734]

Hedonism is one hell of a drug

[@gijns]

​@@ethanestalilla8023 THIS.

[@omegashenron3555]

Alright I'm guilty of two things on this list. 1. Not keeping track of my spending. 2. Lifestyle inflation. Everything else I'm DECENT with. So I gotta work on the two i mentioned to not stay poor

[@adrianespinoza5243]

Do a video on good habits please. For financial freedom

[@jameslovell8104]

All debt is bad debt. Solid recommendations for people wanting to start getting their finances in order.

[@Chad_Max]

I wouldn't make that blanket statement. When my friends were paying off their low interest student loans in their entirety I was making just the monthly payments and investing as much as possible. Now they're "debt free" and while I'm still paying off my student loans my net worth is in the stratosphere...

[@NoName66426]

I think for people starting their journey this is good advice, but it's not good advice for everyone. Using debt to get into real estate investing or to open a business is not bad debt at all if done correctly.

[@TimGautier]

not all debt is bad

[@sdsbc-z2l]

Be careful with that ego, I just bought a house in South Miami, but would never say my net worth is in the "stratosphere", maybe 100 million+ like me neighbors can say that, not a random 9-5 guy

[@TimGautier]

@@Chad_Max I borrowed money from one bank at 3% interest and it's sitting in another bank paying 5% interest. That's just free money.

[@cliffdariff74]

Great advice... I started using a tax pro 10 years ago... not only helps save money, but takes away anxiety thinking about doing taxes yourself 😊

[@LindaWalker-xr3vx]

Thank you Brian for that revelation on how to remain poor for the remainder of life, As for me i have become more conscientious during this inflation i don't purchase anything that isn't a necessity and I eat home meals 95 0/0 of the time and as for yard work i do my own why pay someone to do what I'm capable of doing myself especially with the inflated prices i'd rather be proactive than not having enough.

[@MagnesVestergaard]

I'm so poor that I can't even pay attention.

[@cassiecreech9945]

This is probably my favorite video of yours!! So funny but true!!😂😊

[@Albino_Paleta]

Thank you Brian ! You do what traditional education avoids doing, Teaching one of life’s important lessons, being financially responsible! 💯

[@carlosferrero8705]

Amigos need pesos to buy really good enchiladas. I would do just the same, I cant resist good Mexican food.

[@brienkliver6528]

I deliver for doordash and someone spend $16 on a single slice of cake today. Lmao

[@newmobile1455]

better get 3 hours of super charged energy from that slice of cake

[@SonOfGodzilla75]

I'm a bit more efficent than that as for me its only 3 Habits. 1. Alcohol 2. Drugs 3. Brothels

[@goldeneggduck]

Some sales managers introduce these to their staff to make sure they are hungry for more money!

[@matw1x]

Stay frugile no matter your income. DCA in an EFT such as VOO. Stay Single.

[@frawdulent]

Where was this video in 2020 and 2021? Those stimulus checks should have gone to pay down your debt, invested, or saved in your bank account. Instead, people got $1000/month car loans that they can’t afford.

[@VRGamingTherapy]

I was not prepared for this reverse psychology.

[@Lazarusrizing]

"Magic blackmailing words" is troubling after hearing you hate dishonesty. I hate dishonesty, too. Respectfully, you can be honorable and discerning, too. Thanks for the video.

[@ALPHA-ROTH]

brilliant....this wins the internet today.

[@steveshow-tos5394]

I started putting more money into retirement accounts a few years ago with the idea that I’d pull back my investments for a few months each year and use that money to take a vacation. But I haven’t been able to bring myself to do so yet because I realized that with compounding interest over the next 20 years until retirement, I can take one trip now, or 2-3 trips in retirement with that money. Or more if I keep investing my annual cost of living raises into my 401k. It’s a bit addictive to see an actual number besides a 0 in my 401k. 😂 Perhaps this is a strategy folks could use if, like me, you enjoy spending all your dough on experiences today at the expense of having some fun in your golden years.

[@Jakkaribik1]

Let It inside because once you are Older you are happy to do 20 Times more than now but do not Stop with Fun Stuff just Reduce Investing if you want.

[@clericstorm2009]

I'm not poor, just rich in desire.

[@dhpitcher]

#8 is poor health

[@daitrong]

Love watching your videos. Your persona feels like my dad or uncle lecturing me on how to get ahead in life. Feels like you're giving advice with our best interest in mind. Not like other click bait investors who try to only get the views.

[@brileyjf]

#8 - Keep voting for people that want to raise your taxes.

[@MrGWAMPO]

so... vote Trump?

[@dhpitcher]

Outstanding point

[@larynOneka8080]

Most people don't even pay taxes.

[@sebastianlucas704]

​@@larynOneka8080We should lower them still.

[@algore5644]

Since 99% of us are building wealth by labor income: Keep voting for people that try to exploit your work and keep your wages below minimum.

[@Mexican_Mike]

"Dudes with Louie Vuitton, so embarassing" haha. This guy is funny without even trying!

[@agodelianshock9422]

#8. Not having a high enough income

[@SpeekofDee]

I always hear people say invest. How do you invest? It's so confusing.

[@jimv77]

Staying married to the wife with our kids personally will keep me poor forever.....sigh.....

[@luxurybuzz3681]

Lame excuse

[@krackerToo]

God loves honest people Shalom...👍👍💯🙏

[@JourneeToBlyss]

Your videos are straightforward and short! Thank you 🙏🏽

[@Heat-kr2od]

Great video! I have no idea why the question keeps coming up on either to pay off Cc debt or invest. I mean come on, 20+% interest rate on your Cc.. it's really not hard to understand

[@audieallen9734]

This is so important. Everyone should see it.

[@ImChickenLittle]

How to stay poor: spend money like you're rich How to stay rich: spend money like you're poor

[@SewingBoxDesigns]

This is the way.

[@Jakkaribik1]

Problem Poor People average Income still does not spend like the Rich they only are Lossing great anmounts of $$$

[@jhigh125]

Mechanics and dentists catching strays out here 😂

[@smileystevie9662]

Thanks, Brian, for the good tips.

[@CatFace-p2z]

I live in India and only make $50 a week on a 40 hour week job how can I not be poor

[@Maddie-lv5sg]

Paid off my mortgage, no credit card debit, older cars, and my husband still works and I have social security.; Entertainment is just Netflix and Prime and we allow ourselves to buy 1 move a week. Only eat meat 3 days a week. Still....suffering under those price increases across the board. Never thought this would happen.

[@SewingBoxDesigns]

Psst, look for free movie sites. They are all over the internet. 😁

[@catzlady.8189]

You are brutally honest. Thank you.

[@daveschmarder-1950]

I use spreadsheets to track my spending, track my income, and one to keep track of my investments. I've done this for about 10 years with my current sheets. I use a 1040 tax estimator to get me close on what I owe for those estimated payments. It is nice and smooth for me.

[@itguru2037]

How about if your income stays flat for 15 years as here in USA and your taxes and cost of living go up as here in the United States? Brian, you are not living in the same world financially as your viewership.

[@itguru2037]

@ClearValue277 is this an international number ? Perhaps from China?

[@marvinkyee2003]

Hello Brian, do you have any update on 1099 form for the upcoming tax year? Thanks in advance.

[@jrraven3230]

Thanks Brian 😊

[@clearvaluetax9382]

Hi JRraven! It's always so wonderful to see you!

[@marlenerice8184]

Happy Monday Brian ! Great video, thank you .

[@dawna4185]

...I'm returning that new Ikea shelf that matches the one I already own....an unnecessary expense! I only bought it to display other unnecessary stuff I wanted to buy...Thanks for bringing me back to reality, Brian!

[@JW-ku7nn]

This channel just became another FIRE movement channel

[@pamelawoodall5891]

Brian, were you born on the same planet as Superman? I think so.

[@wildfoodietours]

Love how you tell it like it is Brian. Keep up the good work.

[@Therulerof72]

I am in my 40's. I have worked as a grunt laborer my whole life.... But I live by the "rule of 72." I now have more net worth than all of my other five siblings and both my parents combined.... Even though half of them make twice as much annually as I do. My wife and kids and I live comfortably at the level of our means once we have paid ourselves and made our investments first. At this point, as someone who's been driving 10/15 year old vehicles etc... I'm kind of scratching my head what to do with all of the millions later on 😁

[@newportsinthebox]

You knocked this one out of the park!

[@vesper8190]

Wouldn’t you want an EA to do your taxes since they represent you in case of an audit? W2 earners are probably more likely to be audited since that budget line added for the IRS last year. They’re not gonna go after large corps with those fresh new hires; they’re more likely to go after your every day Joe.

[@SewingBoxDesigns]

That's exactly why the government increased the tax army and authorized them to carry weapons. 😕

[@oapw3087]

Brian you are the friend I wish I had.

[@pomp4401]

Timestamps?

[@5.0_Draco]

Do you do taxes for other people in different states or you only take care of local people. Thank you.

[@anthonywilliams7895]

You are cool , I like your channel keep it up. I wish I knew this back in time.

[@irvingperez2915]

Thank you for that info. Nice approach.

[@lindsay1989]

Please do a video on Kamala’s price capping plan and 25k for first generation home buyers

[@fishbinky]

money habits that keep me poor under fasci- i mean capitalism 1. eating 2. drinking water 3. sleeping under a roof 4. being born disabled

[@oscargarcia4446]

I love you videos man !

[@clearvaluetax9382]

Thank you for all the support Oscar! I hope you have a very nice day!

[@anthonycurtis4422]

I’m ready I’m ready 🤓

[@clearvaluetax9382]

THank you for getting here so quickly Anthony! I wish you a great day today!

[@krysassassin]

7 money habits keeping me poor... 1. The government 2. The government 3. The government 4. The government 5. The government 6. The government 7. The government and inflation

[@RD-io6sm]

Yeah. The bullshit excuse is don't do anything outside of cost of living, and when you do, it's still not worth jack shit.

[@iyoub6931]

Yep I'm sure it's an outside force keeping you poor and not your own actions

[@krysassassin]

@@iyoub6931 you're right, I'm sure it's not my fault either. Thank you!!

[@ADMIN7046]

Haha! Louis Vuitton!! Great observations and recommendations. Outstanding information!! I’m a 1099 sub-contractor for the first time, I’m researching what tax season will mean to me. Thank you - great channel. Sharing with everyone I know.

[@elsaleung2447]

Oh my god 🤣🤣🤣 the message is loud, clear and needed to hear

[@oSnapMillerTime]

Im taking my dogecoin and LV bag and going to Graham Stephens channel 😅

[@CraigHicks-j8j]

Thanks for the advice. I was thinking to stop being poor, but you reminded me that more money equals more problems and now I have clear guides of how to stay down and out. Thanks again. Please keep making videos. Have you ever considered doing a collaboration with Stephen Graham?

[@laughoutlos]

Grateful for all the good advice as always. Thanks Brian!

[@reiaysyineh7710]

Considering the economic situation I ask,?? How can we save our families and friends from financial slavery. It's getting more scary how people are really suffering these days.I can't fold and watch people around me suffer.

[@Zygote1205]

So you hate all politicians lol

[@RD-io6sm]

You know I'd like to save but I'd also like to do stuff outside of the gas pump and groceries. At this rate, saving is pathetically slow and feels hopeless. Essentially pushing me to financial suicide.

[@larynOneka8080]

I used to shop at the Big H store with orange boxes and still put hundreds of thousands in the bank in savings. I could care less if anyone is impressed or wants to be my friend because I have nice things. I buy them because I can afford them and I like them.

[@arandomyoutubechannel2940]

But you hate people who vote for Kamala Harris

[@espressoo0ju]

Brian! Can you make videos on Dating Advice & Life Advice PLEASE!

[@SewingBoxDesigns]

Very good idea, how to spot that Romeo or Juliet who sees You as their paycheck. Too many Millennials and Gen Zoomers playing that game now.

[@bobbyfritz1398]

Buying As much XRP as i possible can has my pockets empty🎉