Money Habits That Keep You Poor

[@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

[@DAD_979]

Yeah I watched the video too!!! Thanks, captain obvious.

[@ndotch]

Thanks, this saved me time.

[@sunriseschubert4391]

Thnx

[@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"

[@goldenknightsfanatic]

lol regards

[@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

[@ChimiChimiChurryPie]

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

[@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 😂

[@MediaMobileOne]

I'm working hard at saving more of my pesos and hope to be his amigo one day. ...Olé!!

[@bdkenneth6]

😂 Same here

[@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

[@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!

[@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.

[@davidj669]

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

[@DependsonGod]

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

[@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

[@Jazzycat50]

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

[@adrianespinoza5243]

Do a video on good habits please. For financial freedom

[@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❤

[@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!

[@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.

[@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

[@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.

[@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.

[@cassiecreech9945]

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

[@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

[@gialovesjesus8350]

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

[@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 😊

[@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.

[@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.

[@JourneeToBlyss]

Your videos are straightforward and short! Thank you 🙏🏽

[@Albino_Paleta]

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

[@brandonscott3012]

Magic blackmailing words 🤣🤣🤣

[@daebak_hana]

😂

[@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.

[@smileystevie9662]

Thanks, Brian, for the good tips.

[@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.

[@marlenerice8184]

Happy Monday Brian ! Great video, thank you .

[@jrraven3230]

Thanks Brian 😊

[@clearvaluetax9382]

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

[@wildfoodietours]

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

[@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. 🤷🏼‍♀️

[@irvingperez2915]

Thank you for that info. Nice approach.

[@jameslovell8104]

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

[@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.

[@scotteric8711]

False, heloc in your home, or a debt that builds equity is a good debt. Student loans, as long as its a trade is a good debt. Rich Dad Poor Dad confirmed what we learned the hard way as consumers.

[@Superfatcat2525]

You are brutally honest. Thank you.

[@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.

[@DaveSchmrdr75]

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.

[@audieallen9734]

This is so important. Everyone should see it.

[@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.

[@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.

[@IVvOOvVI]

You always make excellent PowerPoint presentations

[@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

[@newportsinthebox]

You knocked this one out of the park!

[@lizcorredor3480]

I love your honesty you are the best❤❤❤❤❤

[@kanenomoja]

And with that 19 min video you likely dispensed more actionable and relevant financial wisdom than most schools impart to our kids, K-college. Thank you for posting this. I would add, as a sub-bullet something you lightly touched on - unless you are already very diligent with your money, under no circumstances should you ever carry a balance on a credit card passed the first due date. Just don’t. If you’re diligent with money, already, then you might find opportunities to make exception. If you didn’t already know (and practice) everything else on this list, just don’t do it.

[@carlosferrero8705]

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

[@26bunnie]

I’m so grateful to have found your channel! I’m a visual learner and love how you teach! Most channels do not have any visuals. Your explanations and illustrations are extremely helpful!! Thank you so much!

[@anthonywilliams7895]

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

[@NWAUgwuoke]

I love this company

[@clericstorm2009]

I'm not poor, just rich in desire.

[@ngango17]

A lot of great videos! I love your integrity!! 👏 👏 👏

[@ivyteacherwilson]

This was a great, to-the-point, financial video! Thanks Brian 💯⚜️

[@krackerToo]

God loves honest people Shalom...👍👍💯🙏

[@MagnesVestergaard]

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

[@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.

[@oscargarcia4446]

I love you videos man !

[@clearvaluetax9382]

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

[@Layla_r0se]

Susah juga nak rasa tenang sikit, byk perkara harus diuruskan. Tindakan kita pun bukan berdasarkan emosi semasa. Saat yang tidak sesuai jgn teruskan. Tidak dapat hari ini. Esok ada lagi. Uruskan perkara2 yang penting dahulu.

[@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

[@t_the_rex]

I wish I could like this ten times over! Great advice ❤

[@daviddominguez7545]

HONESTLY IS THE BEST POLICY. GREAT VIDEO BRYAN. THANKS AGAIN 👍

[@helloworldcsofficial]

Love this video!

[@mithall4198]

Love the code switching. My essays are like that too.

[@luzlee5692]

I'm so lucky to stamble to this channel. 👍🏼

[@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!

[@Kevin-tn5rr]

I like my dip, wine, and noise canceling headphones

[@dhivyaanand1]

Your videos are straight to the point and genuinely helping us instead of selling services. Thank you so very much 🙏🏻

[@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!

[@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.

[@dhpitcher]

#8 is poor health

[@jessie1697]

🗣Excellent video ❤️ 🙏🏼 Way to go 👏🏼 🫂

[@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.

[@swesleyc7]

That first point is INSTRUMENTAL

[@ricklee1518]

Hey Brian. This video is one of best video I've ever seen about wealth building and money management. So well explained and easy to understand. Great graphics and your experience and knowledge are the bomb. Continued success to you. A+ video.

[@clearvaluetax9382]

Thank you for all the support and encouragement Rick! I appreciate it so much!

[@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.

[@TJF8]

Great information. I have also found that living like a cheapskate helps, and being generous seems to reap profits. Seems counter intuitive, but has worked for me. Retired and love my life.

[@thexpateacher]

This is Gold! Thank you

[@dancer-rh4if]

Clever video & well pointed. This rings so true with people (even some good friends) that I know. I always recommend your videos.

[@peggypeyhuahoo3394]

Thanks so much for having integrity and honesty! It’s so hard to find people like you nowadays.

[@elpunky1161]

Thank you

[@agodelianshock9422]

#8. Not having a high enough income

[@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?) 🤣🤣🤣

[@olusegundaniel5597]

I love presentation. Very practical and real

[@kimberlywiezcorek6313]

Great info!

[@Miaphysite-ተዋህዶ-Orthodoxy]

As always great advice! . . . Thanks!

[@Severytree]

Thank you for your wisdom

[@JohnnieGrant-ii6hd]

Good advice Brian as usual.

[@marvinkyee2003]

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

[@JRH2830]

You're awesome man! Thank you for your healthy advice!

[@matw1x]

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

[@jcatastrophic1]

Well said. Thank you!

[@yolopistolo194]

I wish I would have had this video before last months purchase of those LV shoes...dang it Brian!

[@sulaimannabizada3876]

Wonderful informations, Its so helpful for everyone ! thanks for hard work!!

[@Selfdefense4k]

Thanks!

[@childofgod1840]

I appreciate your videos 🎉

[@phila6107]

You had me at " Magic Blackmailing Words"... subscribed!!😆😁😅