What's up guys, it's Sam! Welcome to my channel, The Mentor. In today's video, we delve deeper into the financial habits that are holding you back financially and show you how to fix them. Even small, everyday decisions can have a lasting impact on your financial future. I've researched some common habits that many of us aren't even aware of, and by breaking them you can significantly improve your financial health in the medium to long term.

If you are like me and dream of retiring on a yacht and enjoying life to the fullest, you need to watch this video to the end. Be honest with yourself about these habits, confront them head on, and start making changes today.

Here's what we're going to cover in this video:

Not saving for the future: discover the importance of automating your savings and reducing unnecessary spending.
Stay in touch with friends: Learn how to resist peer pressure to spend beyond your means.
Lifestyle inflation: Understand the dangers of lifestyle inflation and how to maintain a modest lifestyle as your income increases.
Pay for status: Avoid wasting money on luxury items just for status and focus on long-term financial goals.
Pay for unused subscriptions: Tips for managing and canceling subscriptions you don't use.
Pay Only the Minimum on Credit Cards: The Risks of Paying Only the Minimum Balance and Strategies to Pay Off Debt Faster.
Fall for Sales: How Sales Tactics Influence Spending and Mindful Buying.
Impulse purchases: techniques to reduce impulsive spending and stay within your budget.
Not Investing Early Enough: The Power of Early Investing and How to Get Started.
Overlooking Financial Education: The importance of ongoing financial education and resources to improve your financial literacy.
By tackling these bad financial habits, you can take control of your financial future and set yourself up for success. Don't forget to like this video, subscribe to my channel and activate the notification bell so you don't miss any updates!

Watch my other videos on financial advice and investment strategies:

8 Financial Habits That Keep You Poor – Stop Them Now!

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