1. Impulse Buying 2. Keeping Up With The Joneses 3. Living Beyond Your Means 4. Paying Only The Minimum Amount On Your Credit Card 5. Never Asking For A Raise 6. Not Investing 7. Ignoring Lifestyle Inflation 8. Keeping Your Money Under The Mattress 9. Lending Money To People, Who You Know Will Never Pay It Back 10. Not Paying Your Taxes 11. Investing in Things You Don't Understand 12. Not Maximizing Tax-Advantaged Accounts 13. Replying On A Single Income Stream 14. Ignoring Budgeting 15. There Are No Get-Rich-Quick Schemes. That's Just Someone Else Getting Rich Off You. You're Most Welcome.

Thanks for this amazing video. Sincerely, I'm not sure if investing at this time is a good option. Pay attention to how often things fall apart. Despite reading charts and predictions from renowned investors from the past and present, I'm still seeking for a better way to invest my money because I still have some time before retiring. I want to create a strong portfolio in order to produce passive income.

My money management skills are beyond sub-par. I grew up poor, with a mostly absent father, and a very abusive, narcissistic mother who was constantly in collections and default on her bills and rent. For a while, I was doing fine when I worked for a financial institution. I learned the importance of maintaining a good credit score, and having savings. Now though, it has all gone downhill. I have serious credit card debt, I have taken two quick payday loans, and I have to find a new place to live. Don't be like me. My major mistake is impulse purchases and lack of budgeting. Don't eat in restaurants, especially not food delivery services. Save for a rainy day, because rainy days are more common now. Thanks ALUX for this wake-up call video. I am praying for better days ahead.

Great video. We are all seeking for financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence. As Warren Buffet said, he has seen this happen many times in his life. Not an investor, My husband and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock.

Watch the video people.

Even with the current crypto crash, the market has been pretty rough until it decided to rally today. Everyone was practically crying then. He kept dipping. That's what you get when you feel like you can navigate the process on your own.

Our perceptions of your approach influence how we interpret, understand, and act on the truth. Getting into investing i stuck to Avoiding high interest debt. Cutting costs. spending less, earning more and investing passively The best way to find that balance between saving and living is by investing..what i can say to early investors is diversification and solid management this was how i got to my first million..at this point I'm actually grateful for my advisor Susan Kay Mack..

"Paying only the minimum amount on your credit card" Not sufficient, I think. Of course you should pay the balance in full if possible, borrowing somewhere else at a lower interest rate if you must. But if you can afford to pay the balance in full, then please don't wait until the due date. Pay the balance in full just before the monthly statement is issued. Then you may have to make a small payment a few days later because of a few purchases between your actual payment date and when the statement is issued. But the credit card issuers report creditworthiness in the form of balance owed divided by credit limit when the statement is generated, and you have beaten the system by making sure that the amount owed is nearly zero. A good credit score results. Separately, never spend any money at all unless you are required to (taxes, for example) or you are aware of the need to purchase something before the opportunity arises to purchase it. _First_ you note the need for something, _then_ you seek it and buy it. You don't first have it shown to you by an advertisement or a store display or a colleague, then decide that you want it. In the consumer marketplace, ignore what you don't already believe that you need or want. The little boy who sees you eating a candy bar and wants a candy bar for himself--did he know he wanted one before he saw you eating yours? Don't be like that little boy. What you need or want should not depend on what people nearby have. If it does, figure out why and get your mindset repaired promptly; it's faulty.

I always look up to you when it comes to financial lesson and advices. You are such a blessing to this community. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $1000 and receiving $4,200 in 5day. Analia Harlod is the best

At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.

The educational system doesn't teach you actual skills. You can't get a small loan from a bank to start a business, but you can get astronomical student loans. It's intentional and creates individuals to be in debt their entire lives. In some cases, debt feels like an addiction.

I have so many bad money habits. Thank you for this wake up call

I dont know if I'm in the minority, but i haven't had lifestyle inflation/ lifestyle creep. I have pretty much the same lifestyle now at 250k income as I did at 50k (in today's dollar-terms). I save half of my after-tax income now, wheras I got into debt before. Basically, I've always spent about 60k-70k/yr, no matter if I was making 50k or 250k gross. My car is 10 years old, I've been living with a friend, I use the same purse i bought 14 years ago, rather than buying new expensive bags. The one area where I spend a large amount of money is food. I get a lot of doordash when im busy working and don't feel i can pick up my own lunch. Starbucks for latte and breakfast every single day before work. But Ive always spent a lot on food. Anyway, I haven't fallen to lifestyle creep yet.

“We buy things we don't need with money we don't have to impress people we don't like” - Dave Ramsey

A well needed wake up call. I endured through this, but it was the bitter medicine I needed to swallow.

Girlfriends, if it weren't for me having girlfriends throughout my life,I'd be rich already.

Two things with me: 1 I don't have a credit card and 2 Once I am rich, I won't loan or give money to anyone; they'll have to earn it with a service project.

Keeping up with the Joneses.... Great vocabulary... 🥳🥳🥳

Work to make money and have part of that money work for you so you can even make more money.

Mindset is everything, money comes to those who understand it, great video 👍👍👍

I like the change of tone in this podcast compared to previous one ... Kinder, more compassionate, less judgmental, less mocking, less talking down at people.

One of my favourite YT channel that helps to make smart moves and build a good personality. Love your videos ALUX 🔥

Our issues are #1, #5, #13, and #14. In the case of #14, we have a budget but we dont always stick to it. So my plan for this evebing is to go through all the expenses and re-evaluate the budget so we arent fooling ourselves.

6:38 also helps if you've a better job lined up as well as good performance that net profits the company when approaching such a conversation for a raise, & if you don't get it from current employer well can simply go with the other company actually honoring your worth at the time.

I love your videos! I learn self discipline and investment. Great topics! Videos for smart brains. :)

The habit I need to break is not pitching. I can save, but my income is too low.

Living beyond means shouldn’t just be just based on income vs expenses. It should be based on how many expenses are justified. In your early days living paycheck to paycheck is fine but if you earn 6 figures and still live paycheck to paycheck or only save 20% or less, that’s not ok.

Since I became Vegan, that impulse at the grocery store grew!! I didn’t know how fantastic plant-based could be. The store sells “end of the day” bag of veg for $.99, grab some condiments-I’m out under in $20 and meals for three days! Most important (money not mattering)-no animals harmed.

Laziness will keep you in poverty proverbs 10:4

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

The background music is annoying. Listening on headphones in the office and I stop the video 3 or 4 times thinking an alert or someone is calling.

This administration putting so many families into difficult situations, I pray for our country, we need compassion for the American people! I appreciate Zelinda, Imagine investing $1000 and receiving $10,250 in 3days🇺🇸🇺🇸

Q.O.T.D: Don't really have bad money habits that. Just need go make more 😁

may you please do a summary of Bitcoin in the Mining Sector.

16. Being a victim of theft. Not a habit, but there seem to be no end to the increasing number of theives!

Earning more than spending.Increasing sources of income.

Okay there ARE Get Rich Quick Schemes. It's LITERALLY called a SCHEME!!! THAT'S WHY IT IS CALLED THAT!! It is a trick!!!

Lending to those who I know cannot or will not pay back.

Your video is great.... Each point has been well expanded.. 🥳🥳

Thanks God for giving us this channel 😢

We are paying off credit cards. I have totally stopped using it. Temping my self not to join memberships on KZfaq 🎉

In my opinion, all bad habits lead to loss of money

my bad money habits are relaying on just on stream of income and not investing well enough.

Dont lend money to family or friendsand dont rely on one source of income 💯 great advice thank you Alux

No one is smart enough to break the laws of money

I had a specific checking acct for impulsive purchases/not needed purchase. Along with my obligatory accounts (bills such as Electricity, gasoline, uber)-it took only One Month to show me, that I was a bit to quick on the Amazon Button!!

I want to invest and I don’t have any experience in that field 😅

Not understanding difference between linear and non-linear compounding is the biggest risk.

Alux Plz can u guys make a video on how a man or a guy can take good care on its self

Smoking weed Not budgeting only in my head I have an hsa Roth IRA 401k I have some dividend stock. I have to pass my cdl permit that’s why I have to stop smoking weed. Once I do I could get paid $1k a week and since I live below my means and not an impulse buyer only for fast food. I feel like I could save for a down payment on a house /duplex or triplex as a first time. And go from there

Yes!! I definitely needed this 😁

Bro impulse buying always fkng gets me, managed to save up 30k in 4 months boom gone, made another 10k in another 2 months boom gone bro wtf I just made 15k about a month n a half ago fk bro gone to 😭 aa hell nah I’m back at square one rn😭 we gone change bois, I can’t keep doing this shi

Trump seemed to do OK by shirking taxes

Sick and tires of this way of life.... work for your goals... your needs and dreams. Don't listen to anyone that envies you or bad vibes you.... ALWAYS have a plan regardless of the situation....

What if you're riddled in debt and a bank wants you to pay the money

I always used the fact that I'm a college student as an excuse for bad money habits but that stops today, thanks for the wake up call 1. Living beyond my means 2. Not investing 3. Keeping money under mattress 4. Not paying taxes 5. Relying on single income stream 6. Ignoring budgeting

Thank you Alux, you're such an inspiration

Where I'm from we don't keep up with the Joneses, we keep up with the Wongs & Nguyens 🤣

We live under our means and invest the rest..

I clicked 7 days trial button but my full year's subscription has been paid without any option to cancel the subscription. The app gives me Journaling, daily lesson, and stories only. Whatever is being advertised in the you tube video doesn't match with the actual content of the app. Moreover learning packs have to be paid for separately. I can't afford both. Please process my refund. Thanks

number 6: Please stop saying "compound interest". It is earnings/profits.

16. Simping

Impulsive buying Gambling

Where is the bonus tip?!

#16. Putting money in the hairy bank

Anybody feel like being a angel or shadow investor conmigo? Ill pay it forward!

Gracias!!

Gambling is my big problem😢 I can't resist

That's crazy to buy to keep up with the jonesess

The taxes comment about healthcare had me laughing out loud

Hey Alux..could you do a more in-depth video about HSA’s & IRA’s?

💐

Great video ! 👍

Guilty of #9. They have no intention but I still apply the pressure to let them know that it was not free at my expense.

❤️

What is the name of the song in the background?

Alĺĺ 15!

What I need is more money!... I am not here to get insulted💸...Stop following me!😂

I keep Star Notes and I have a lot of piggy banks all over the house. I have cash all over stuffed In small places. Bc, when I die I want it to be a funny thing-I want ppl laughing; not crying. And, it will be up to them and their character as to if they will share it; or keep it for themselves. I’ve been placed in that position. Nobody was helping me with my family member-nobody was there for him-or me. Cleaning out his lifelong home-it was only me-nobody knows what I found-they weren’t there. I’m not angry about with that.😊

Good news to everyone here , what a surprise ! Just with my phone , I keep earning money in every single trading with her new strategy ❤️🇺🇲🇺🇲🇺🇲📌

Bad money hobtes fronting mashine problems together paying of debt

I'm working on paying off debts. Been working a 2nd job and will continue to do so until my $15k loan is paid off from 2020. 🎉

Lovely

🎁🎁

Pay off the whole bill on credit card. If you don't have the money to pay off don't spend.

Great video

🧡🤍💚🥰 from LEO 👍🙏🇮🇳

Really , that's one of the examples you give: "You go to the supermarket & you don't plan to , but you buy a cookie!?" Wow , that's a mighty expensive cookie !

Another BMH: not investing in oneself.

the one thing I will never understand i how in the hell you pay interest on taxes,,, i mean seriously , before formation of the federal reserve it was illegal to pay taxes , but now you pay interest on the taxes you owe,,, WTF,,,

This is helpful

Pride goeth before a fall- in funds😢

They never mentioned the worst money habits, getting married and having kids. Of course results may vary but regardless if everything goes smoothly it’s not a good investment if you’re concerned about the dollar cost.

Thanks alux🙏🙏

I have bad habit more money i make more i spend live month to momth dont need to lifestyle creep is dangerous spending habit

The narrator sounds like the beautiful nomad youtuber who features living in a car and going beautiful places!

Always the same subjects Alux.... Try something new!

Thank you Alux

Yeah

Impulse buying