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ACCOUNTANT EXPLAINS: Money Habits Keeping You Poor

Nischa 39



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Most of what we do with our money everyday is unconscious. In this video I share the most common bad money habits and how you can break out of them.

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⌚️Timestamps:
00:00 – Intro
00:28 – Paying Yourself Last
01:53 – Bad Debt
02:31 – Buffer
03:17 – Income & Expenses
03:57 – Spending
04:48 – Saving
05:37 – Taxes
06:56 – Waiting too long to invest
07:59 – Not caring

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DISCLAIMERS & DISCLOSURES

This content is for education and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Nischa is a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!

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39 comments
@1Plebeian

I think it's my crystal meth addiction.

@hadnoideahow

What a load of pish. Sorry, no, people living pay check to pay check cannot do those things. What about emergency expenses? What about medical bills? You need to have money to save and invest money. Sometimes there just isn't enough money, and that's it.

@user-it2tb7cv3t

With all due respect (and I say this from lived and ongoing experience of total poverty, chronic disease, isolation, failure and extreme hardship) most 'independent','successful','financially stable' women have been given the foundations ie by parents, inheritance, a partner, other family members.
Whilst I do believe it's totally possible to eventually become self sufficient as a single and marginalised woman, I don't appreciate when people deny the advantages that most women who claim to be financially independent actually have.
I wish to live in a world where abundance is possible for all hard working, good and worthy people.

@Beef850

Good afternoon beautiful lady. Can you recommend a good budget tracker app? Kind regards.

@nevvanclarke9225

The problem is that the more money you make it won't necessarily make you happier. It may make your life slightly easier but it definitely doesn't make you happier. I work in counselling and rich people. Suicide at the same rate as poor people so let's just be mindful that making more money won't necessarily bring you this happy life that you are craving. I'm rich in experiences. I'm a photographer and I go out and capture amazing things. I could probably make more money out of it if I really dedicated some time but I don't need to hear is another simple thing to be mindful love as well. Is that when you die and they put you in a box at your funeral? They will not talk about how much money you made or how many houses you owned how many cars you drove they will talk about the difference that you made to other people's lives in the community and your friends and family choose friends Family and Community over making money is my advice and that means that the money will flow anyway. These type of channels to promise that you can make millions are just really not great.

@CaptainVincentRusso

My dad told me buying what you need instead of what you want and you’ll always have money in the bank. My grandmother told me it’s not how much money you make. It’s how much money you save.. we don’t need 25 coffee cups.

@sophiewallace8662

Poor people always struggle with the basics. Very few make it early in life.