{"id":111041,"date":"2024-09-22T05:11:29","date_gmt":"2024-09-22T09:11:29","guid":{"rendered":"https:\/\/www.iwillteachyoutoberich.com\/?p=111041"},"modified":"2025-03-28T13:46:51","modified_gmt":"2025-03-28T17:46:51","slug":"bad-money-habits","status":"publish","type":"post","link":"https:\/\/www.iwillteachyoutoberich.com\/bad-money-habits\/","title":{"rendered":"7 Bad Money Habits Killing Your Finances (and how to recover)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"111041\" class=\"elementor elementor-111041\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3e4546a elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"3e4546a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-981bdab\" data-id=\"981bdab\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68ff21d elementor-widget elementor-widget-text-editor\" data-id=\"68ff21d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Bad money habits are behaviors that quietly drain your wealth and keep you from reaching your financial goals. In this post, we&#8217;ll uncover seven common habits that might sabotage your finances and show you how to break free from them.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8451e6 elementor-widget elementor-widget-heading\" data-id=\"a8451e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">1. Impulsive spending<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cff3686 elementor-widget elementor-widget-text-editor\" data-id=\"cff3686\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Impulsive spending is one of the most common habits that can wreck your finances without realizing it. Those small, seemingly harmless purchases add up over time and leave you wondering where all your money went.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e1d247f elementor-widget elementor-widget-heading\" data-id=\"e1d247f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Signs to look for:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c43ab9 elementor-widget elementor-widget-text-editor\" data-id=\"3c43ab9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Watch for these red flags:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Frequent unplanned purchases<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purchases driven by emotions, not necessity<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Difficulty recalling recent purchases<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accumulating items you rarely use<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Growing credit card balances<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Buyer\u2019s remorse<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Look at <\/span><a href=\"https:\/\/www.iwillteachyoutoberich.com\/164-taylor-steve\/\"><span style=\"font-weight: 400;\">Steve and Taylor<\/span><\/a><span style=\"font-weight: 400;\">, a couple living in New York City, find themselves at a financial crossroads. Steve lost his job a while back and hasn\u2019t taken his career seriously, while Taylor has taken on much of the financial responsibility and is considering buying a house.<\/span><\/p><p><span style=\"font-weight: 400;\">Unfortunately, Steve has some impulsive spending red flags. He spends an excessive amount of time chasing deals and accumulating points just for the thrill of \u201cgetting a good deal\u201d.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3941341 elementor-widget elementor-widget-video\" data-id=\"3941341\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=wWsAqDQW8iA&amp;t=1s&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb1cc1c elementor-widget elementor-widget-text-editor\" data-id=\"fb1cc1c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">[00:09:43] Steve: I love getting a good deal. It\u2019s true.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">[00:09:48] Ramit: You always loved that your whole life?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:09:50] Steve: Yeah, I think so. Yeah. Even when I was in my teens, I would order the Columbia House CDs and then sell them individually to people. But I definitely think I get caught up in the granular deal stuff too much for sure. And this has been my thought, but also pointed out by Taylor.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:10] Ramit: We\u2019re talking credit card points, miles, that kind of thing?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:12] Steve: Yeah.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:12] Ramit: All right. Would you end up on the subreddits and stuff like that?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:14] Steve: Yeah, but even before then I was like, the various forms even before all those churning forms, etc. Random ones.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:24] Ramit: Like what? Deals?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:26] Steve: Yeah, I don\u2019t even remember it now, at this point. It\u2019s just random miles.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:29] Ramit: What do you love about miles?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:32] Steve: I do love to travel, so I love being able to travel for free. We go on multiple vacations a year for free. We\u2019re going on one in two weeks.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:42] Ramit: You\u2019re going to France, right?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:42] Steve: France, yeah.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:43] Taylor: We\u2019re leave tomorrow.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:44] Ramit: How long are you going for?\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:45] Steve: Two and a half weeks.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:46] Ramit: Whoa. Really? Where are you going to go in France?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:10:50] Steve: We\u2019re going to the Loire Valley, and then Paris, and then Lyon for Taylor Swift, and then Provence where we met a magical car last year at a firm. I want to see that car again.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-05339f3 elementor-widget elementor-widget-text-editor\" data-id=\"05339f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Steve shows signs of impulsive spending, but his income doesn\u2019t match his habits. Instead of steady earnings, he&#8217;s relying on savings and stocks just to get by, and he owes Taylor over $20,000 from accumulated expenses. Meanwhile, Taylor is in a completely different place financially\u2014she\u2019s ready to buy a house and is frustrated with Steve\u2019s spending and lack of contribution.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9546e9 elementor-widget elementor-widget-text-editor\" data-id=\"e9546e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">[00:46:56] Steve: The fact that I\u2019m not earning enough right now to really save or be able to contribute to a mortgage. So it was stressful just because we have all our money issues in general that got brought up during it.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:47:11] Ramit: Okay. So you guys are at 61% fixed cost. By the way, just look at these numbers here. Partner 1, that\u2019s you, Taylor, you\u2019re paying 42% of your income towards fixed costs. Partner 2, that\u2019s you, Steve, you\u2019re paying 138% of your income towards fixed costs. What do y\u2019all make of that?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:47:31] Steve: It\u2019s not been a good year for me, yeah.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:47:33] Ramit: Mm-hmm.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:47:35] Taylor: I don\u2019t know where he\u2019s getting 138% from.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:47:38] Ramit: I\u2019ll tell you right now. We took all this stuff and divided it by his income. All this adds up to more than 3,000 bucks. Yeah, more than $2,000, his net.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:47:52] Taylor: Right.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:47:52] Steve: Okay, got it.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:47:52] Taylor: But how is he paying it? I guess from savings and\u2013<\/span><\/p><p><span style=\"font-weight: 400;\">[00:47:57] Ramit: Stocks.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:47:57] Taylor: Stocks, yeah. We have a split wise where he owes me money too.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:03] Ramit: Haven\u2019t you guys been married for almost 10 years?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:05] Taylor: We\u2019ve been together for almost 10 years, but I feel like I need to, for some reason, stay strict with that because if I just let this 22,000 go that he owes me, I feel like I\u2019m just doing the cushion where he doesn\u2019t really have to try and is just coasting.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:25] Ramit: What\u2019s this 22,000 that he owes you? Why?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:27] Taylor: A lot of it was from our wedding because we opened up cards that we put points on.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:32] Ramit: What else?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:33] Taylor: Random stuff that just accumulates.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:35] Ramit: All right, so he owes you $22,000, owes. You said you\u2019re \u201cstrict\u201d about it? So I use quotes, but maybe you\u2019re like no, I actually want that money. You tell me.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:46] Taylor: I do want it.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:47] Ramit: Okay.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:48] Taylor: Especially if I want to get a house, that would go towards things.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:51] Ramit: All right. What do you think about that, Steve?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:53] Steve: I think that\u2019s totally fair.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:55] Ramit: Why don\u2019t you just take some of that money out of your portfolio?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:48:57] Steve: I should. It\u2019s so hard for me to sell.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0eb8c3 elementor-widget elementor-widget-text-editor\" data-id=\"e0eb8c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Steve\u2019s ongoing avoidance of financial responsibility adds to the strain on their relationship. Unless he addresses his impulsive spending and starts actively contributing, Taylor&#8217;s goal of building a secure financial future will remain out of reach.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e5c4159 elementor-widget elementor-widget-heading\" data-id=\"e5c4159\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Why it\u2019s a bad habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e885eff elementor-widget elementor-widget-text-editor\" data-id=\"e885eff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Impulsive spending doesn\u2019t just drain your bank account \u2014 it impacts every aspect of your life. It creates constant financial stress and anxiety, as you&#8217;re always worried about your money situation and whether you have enough to cover your needs. It can also clutter your living space with items you don\u2019t use, making you feel overwhelmed and disorganized. With money tied up in things you don\u2019t need, there\u2019s less left for what truly matters \u2014 traveling, investing, or saving for a big goal.<\/span><\/p><p><span style=\"font-weight: 400;\">This habit can quickly derail your budget and savings goals. A few unplanned purchases can easily add up, making sticking to your financial plan challenging. Impulsive spending can also strain relationships, as disagreements over money are one of the leading causes of conflict. Worst of all, it leaves you unable to pay for important things when unexpected expenses arise.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-739e28d elementor-widget elementor-widget-heading\" data-id=\"739e28d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How to break the habit<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c02af7b elementor-widget elementor-widget-text-editor\" data-id=\"c02af7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Breaking the cycle of impulsive spending requires a mix of practical strategies and mindset shifts. Here are some effective steps to help you regain control over your finances:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Implement a 24-hour rule for non-essential purchases:<\/b><span style=\"font-weight: 400;\"> Before buying something impulsively, wait 24 hours to see if you still want or need it.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Unsubscribe from retailer emails and unfollow brands on social media:<\/b><span style=\"font-weight: 400;\"> Reduce exposure to tempting sales and promotions that trigger impulse buys.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Use cash or a debit card for discretionary spending:<\/b><span style=\"font-weight: 400;\"> Paying with cash or a debit card makes you more aware of your spending and helps you stay within your limits.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Create a &#8220;fun money&#8221; budget for guilt-free spending:<\/b><span style=\"font-weight: 400;\"> Set aside a specific amount each month for non-essential purchases so you can enjoy spending without overdoing it.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.iwillteachyoutoberich.com\/money-dials\/\"><b>Figure out your Money Dials<\/b><\/a><b>:<\/b><span style=\"font-weight: 400;\"> Reflect on your priorities and decide which areas of spending bring you the most happiness \u2014 travel, health, convenience, or something else. Align spending with these values to avoid wasting money on things that don\u2019t bring you joy.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">With Money Dials, you give yourself permission to enjoy what you love without guilt while avoiding wasteful purchases that don\u2019t align with your values. Combining these strategies helps you break free from impulsive spending and ensures your money works for you, supporting your financial goals and your happiness.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4a9377c elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"4a9377c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-923f623\" data-id=\"923f623\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-223c3c1 elementor-widget elementor-widget-heading\" data-id=\"223c3c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">2. Living from paycheck to paycheck<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e36ee3 elementor-widget elementor-widget-text-editor\" data-id=\"0e36ee3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Living from paycheck to paycheck is a cycle that can feel impossible to break. It&#8217;s when you&#8217;re constantly waiting for your next paycheck to cover your basic expenses, leaving little to no room for savings or unexpected costs.<\/span><\/p><p><span style=\"font-weight: 400;\">In fact, a<\/span><a href=\"https:\/\/www.nationaldebtrelief.com\/news-media\/survey-findings-bad-money-habits-by-generation\/\"> <span style=\"font-weight: 400;\">recent survey<\/span><\/a><span style=\"font-weight: 400;\"> found that over 60% of Americans live paycheck to paycheck, regardless of income level.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4cf9d4 elementor-widget elementor-widget-heading\" data-id=\"e4cf9d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Signs to look for:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c4e753 elementor-widget elementor-widget-text-editor\" data-id=\"2c4e753\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Here are some signs you might be stuck in this cycle:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bank account balance near zero before your next paycheck<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Regularly using credit cards to cover basic expenses<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Unable to save even small amounts consistently<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Anxiety about unexpected expenses<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-30ebd0c elementor-widget elementor-widget-heading\" data-id=\"30ebd0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Why it\u2019s a bad habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-902c2d9 elementor-widget elementor-widget-text-editor\" data-id=\"902c2d9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Living paycheck to paycheck leaves no financial buffer between income and expenses. This creates high stress and makes you vulnerable to financial emergencies. It\u2019s hard to build long-term wealth or save for goals like buying a home or starting a business when every dollar is already spoken for.<\/span><\/p><p><span style=\"font-weight: 400;\">Constant worry about bills can cause sleepless nights and strain relationships, limiting your ability to make career changes or take educational opportunities that could improve your financial situation.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af1e89d elementor-widget elementor-widget-heading\" data-id=\"af1e89d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How to stop living paycheck to paycheck:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f556bb9 elementor-widget elementor-widget-text-editor\" data-id=\"f556bb9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To break free from this cycle, start with these actionable steps:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Create a detailed budget<\/b><span style=\"font-weight: 400;\"> to understand your income, expenses, and <\/span><a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-much-should-you-save-per-month\/\"><span style=\"font-weight: 400;\">saving goals<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Look for areas to cut spending,<\/b><span style=\"font-weight: 400;\"> even if it&#8217;s just temporarily.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increase your income<\/b><span style=\"font-weight: 400;\"> through side hustles or by asking for a raise.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Build an emergency fund,<\/b><span style=\"font-weight: 400;\"> starting with a small goal (e.g., $500).<\/span><\/li><\/ul><p><a href=\"https:\/\/www.iwillteachyoutoberich.com\/best-way-to-save-money\/\"><span style=\"font-weight: 400;\">Escaping the paycheck-to-paycheck cycle<\/span><\/a><span style=\"font-weight: 400;\"> isn&#8217;t easy, but small, consistent changes can make a big difference.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6c23321 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"6c23321\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a2b23c7\" data-id=\"a2b23c7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a9d989 elementor-widget elementor-widget-heading\" data-id=\"4a9d989\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">3. Neglecting an emergency fund<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-baadadc elementor-widget elementor-widget-text-editor\" data-id=\"baadadc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Neglecting to <\/span><a href=\"https:\/\/www.iwillteachyoutoberich.com\/emergency-fund\/\"><span style=\"font-weight: 400;\">build an emergency fund<\/span><\/a><span style=\"font-weight: 400;\"> is a common mistake that can expose you to financial risks. Without a safety net, you\u2019re left scrambling when unexpected expenses pop up.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-791b02e elementor-widget elementor-widget-heading\" data-id=\"791b02e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Signs to look for:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a29b3d elementor-widget elementor-widget-text-editor\" data-id=\"1a29b3d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Here are some signs that you might be neglecting an emergency fund:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No dedicated savings for emergencies<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Using credit cards or loans to cover unexpected expenses<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Feeling stressed about potential car repairs, medical bills, etc.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Frequently borrowing from friends or family<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6daf042 elementor-widget elementor-widget-heading\" data-id=\"6daf042\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Why it\u2019s a bad habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65dcae4 elementor-widget elementor-widget-text-editor\" data-id=\"65dcae4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Not having an emergency fund means you lack a financial safety net for unexpected expenses or income loss. This can force you to rely on high-interest debt, like credit cards or loans, during emergencies, perpetuating a cycle of financial insecurity.<\/span><\/p><p><span style=\"font-weight: 400;\">Even minor setbacks, like a broken appliance or medical bill, can quickly escalate into major crises without an emergency cushion. Plus, without a fund, you miss out on opportunities that require upfront cash \u2014 whether investing in a new skill, taking a trip, or buying something essential at a great price.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b995d47 elementor-widget elementor-widget-heading\" data-id=\"b995d47\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How to break the habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc71aef elementor-widget elementor-widget-text-editor\" data-id=\"dc71aef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Building an emergency fund doesn\u2019t have to be overwhelming. Start with these steps:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Start small, aiming for $500-$1000 initially.<\/b><span style=\"font-weight: 400;\"> Even a modest goal can provide a cushion for minor emergencies.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Set up automatic transfers to a separate savings account.<\/b><span style=\"font-weight: 400;\"> Tools like <\/span><a href=\"https:\/\/www.iwillteachyoutoberich.com\/tip-using-sub-savings-accounts-for-unexpected-expenses\/\"><span style=\"font-weight: 400;\">sub-savings accounts<\/span><\/a><span style=\"font-weight: 400;\"> help keep your emergency fund separate and less tempting to dip into.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Use windfalls like tax refunds or bonuses<\/b><span style=\"font-weight: 400;\"> to jumpstart your fund. Instead of spending unexpected money, save it for future emergencies.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Aim for 3-6 months of living expenses as a long-term goal.<\/b><span style=\"font-weight: 400;\"> Once you\u2019ve hit your initial target, build your fund to cover bigger emergencies.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">An emergency fund gives you peace of mind and stability, allowing you to handle life&#8217;s surprises without derailing your financial progress.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1abd852 elementor-widget elementor-widget-heading\" data-id=\"1abd852\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Need more help saving?\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-62546fe elementor-widget elementor-widget-text-editor\" data-id=\"62546fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">These three strategies will show you how to save an extra $1,000 a month, making it easier to build your emergency fund faster.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-868fa0a elementor-widget elementor-widget-video\" data-id=\"868fa0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/pJFauKFfLd4?si=1zF33rwpCrz37-3z&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b8e23b1 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"b8e23b1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-23a54e3\" data-id=\"23a54e3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d3f962 elementor-widget elementor-widget-heading\" data-id=\"1d3f962\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">4. Maxing out credit cards<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23e8057 elementor-widget elementor-widget-text-editor\" data-id=\"23e8057\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Maxing out your credit cards is a dangerous habit that can trap you in a cycle of debt and damage your financial future.<\/span><\/p><p><span style=\"font-weight: 400;\">The<\/span><a href=\"https:\/\/www.makingsenseofcents.com\/2018\/04\/money-habits.html\"> <span style=\"font-weight: 400;\">average American household<\/span><\/a><span style=\"font-weight: 400;\"> without a mortgage carries $132,529 in debt, including credit cards, auto loans, student loans, and medical debt. With the average credit card balance alone at $16,061, it&#8217;s easy to see how quickly debt can spiral out of control.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2771418 elementor-widget elementor-widget-heading\" data-id=\"2771418\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Signs to look for:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22f9d0c elementor-widget elementor-widget-text-editor\" data-id=\"22f9d0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Recognizing the signs of having maxed out credit cards is the first step toward breaking free from them. Here are some common indicators:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Carrying a balance month to month<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Making only minimum payments<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Using credit cards for everyday expenses without paying in full<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Frequently opening new cards to transfer balances<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Getting declined for new credit<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Using credit to pay for bills and necessities regularly<\/span><\/li><\/ul><p><a href=\"https:\/\/www.iwillteachyoutoberich.com\/167-ashley-brandon\/\"><span style=\"font-weight: 400;\">See Ashley and Brandon\u2019s story<\/span><\/a><span style=\"font-weight: 400;\"> to learn how maxing out credit cards can quickly spiral out of control. After using a debt consolidation loan to pay off their balances, they fell into old habits and maxed out their cards again, accumulating over $100,000 in debt.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db736b7 elementor-widget elementor-widget-video\" data-id=\"db736b7\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=dclbGIoQJ1k&amp;t=1s&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60f6c58 elementor-widget elementor-widget-text-editor\" data-id=\"60f6c58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">[00:02:13] \u200a Ashley: We did a debt consolidation loan, paid off our credit cards, and then maxed out our credit cards again, I mean, every single one of them\u2013 over $100, 000.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:02:29] \u200a Brandon: I guess there is things I just don\u2019t know.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:02:32] Ashley: \u200aI don\u2019t want him to feel unworthy.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">[00:02:40] Brandon: \u200a We\u2019ve always had this, like, oh, we\u2019re going to make more money, and then it\u2019s going to be better. And it\u2019s not.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">[00:02:58] Ashley: \u200aHe can\u2019t haul a snowmobile without the truck. He can\u2019t haul his four-wheeler without the truck.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:04] \u200a Ramit: Is this a joke?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:06] Ashley: \u200aNo.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:06] Ramit: \u200a What other toys are hiding in there?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:09] Brandon: \u200aHouse, snowmobile, four-wheeler, pit bike, car, a riding lawnmower, push mower, a camper.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:14] Ramit: And soon they have an important decision to make about their family one where money will play a central role.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2fd993 elementor-widget elementor-widget-text-editor\" data-id=\"b2fd993\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Despite their mounting debt, Ashley is determined to pay it off aggressively, while Brandon prefers to make only the minimum payments to maintain their lifestyle. This tension reveals the difficulty of managing debt when one partner prioritizes immediate enjoyment over long-term financial stability.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca2aac8 elementor-widget elementor-widget-text-editor\" data-id=\"ca2aac8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">[00:07:42] Ramit: So the primary challenge that you\u2019re both facing is you have debt, and you disagree about how aggressively to pay it off. Is that right?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:07:52] Brandon: Yeah.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:07:53] Ramit: All right, Ashley, you want to pay it off what?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:07:55] Ashley: As aggressively as possible. So right now we\u2019re paying way over what our minimum payments are to try and get especially the credit card debt paid off as soon as we can. That\u2019s been my main focus because the interest rate is so high. And then after that, I have kind debt payoff schedule that\u2019s snowballing all of the payments.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:08:23] Ramit: Okay. And Brandon?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:08:25] Brandon: I was more of minimum payments just so we weren\u2019t strapped.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">[00:08:30] Ramit: Okay. Do you know how much you spend per year?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:08:34] Brandon: I don\u2019t know.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">[00:08:35] Ashley: I think we spend more than we need to, so I know that we could be putting more towards it. But I know that Brandon has expressed not wanting to stop living and stop having some of the luxuries of life to pay off the debt that we\u2019ve accumulated.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:08:58] Ramit: Mm-hmm.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:09:00] Ashley: So I\u2019m trying to find some balance between those two things.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:09:04] Ramit: Okay. Why are you the one finding the balance, Ashley, out of curiosity?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:09:10] Ashley: He doesn\u2019t really have or doesn\u2019t seem to have any interest in figuring out the financial piece of it.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:09:18] Ramit: Does that concern you?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:09:20] Ashley: It frustrates me. It feels like it\u2019s all on my shoulder sometimes to figure out how we\u2019re getting out of the debt or when, because things weren\u2019t always what they are right now, like salary wise or whatever. But when we have been in a worse situation, I was always the one figuring out where rent was coming from or how we\u2019re paying the mortgage. And now I\u2019m the one figuring out how we\u2019re going to pay off our debt and he just wants to be able to spend the money.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9cdece7 elementor-widget elementor-widget-text-editor\" data-id=\"9cdece7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Ashley and Brandon&#8217;s situation underscores the dangers of relying on credit cards and not aligning on a debt repayment strategy. Without a clear plan and mutual commitment to change, their debt will continue to grow, preventing them from achieving their Rich Life.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d719894 elementor-widget elementor-widget-heading\" data-id=\"d719894\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Why it\u2019s a bad habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c75347 elementor-widget elementor-widget-text-editor\" data-id=\"5c75347\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Maxing out credit cards leads to the accumulation of high-interest debt, which means you end up paying significantly more for your purchases over time. It can also cause potential damage to your credit score, making it harder to borrow for major life purchases, like a home or car, and may even limit job opportunities if employers check your credit history.<\/span><\/p><p><span style=\"font-weight: 400;\">In extreme cases, you might spend years paying off items that have long lost their usefulness or value. If you\u2019ve found yourself with a credit card problem and are ready to tackle those payments, try out <\/span><a href=\"https:\/\/www.iwillteachyoutoberich.com\/debt-payoff-calculator\/\"><span style=\"font-weight: 400;\">my debt payment calculator<\/span><\/a><span style=\"font-weight: 400;\">. All you have to do is enter your current balance, interest rate, and monthly payment amount, and it will show you how long it will take to pay off your debt.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d3a9601 elementor-widget elementor-widget-qi_addons_for_elementor_wp_forms\" data-id=\"d3a9601\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"qi_addons_for_elementor_wp_forms.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-wp-forms\">\n\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5ae22f elementor-widget elementor-widget-heading\" data-id=\"c5ae22f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How to break the habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1878eb2 elementor-widget elementor-widget-text-editor\" data-id=\"1878eb2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To break the cycle of maxing out credit cards, consider these steps:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Switch to cash or a debit card<\/b><span style=\"font-weight: 400;\"> for daily expenses to prevent further debt accumulation.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Create a debt repayment plan<\/b><span style=\"font-weight: 400;\"> using strategies like the debt avalanche or snowball method to pay down your balances efficiently.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cut up your cards or freeze them in a block of ice<\/b><span style=\"font-weight: 400;\"> for emergencies only. This makes them harder to access and use impulsively.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Negotiate lower interest rates<\/b><span style=\"font-weight: 400;\"> with your creditors to reduce the cost of your debt. Use a simple script to ask for a better rate.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">If you\u2019re not sure how to start the conversation, don\u2019t worry \u2014 here\u2019s a simple word-for-word script to negotiate better interest rates successfully which you can use for FREE.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1250371 elementor-widget elementor-widget-text-editor\" data-id=\"1250371\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">YOU: \u201cHi, I\u2019m going to be paying off my credit card debt more aggressively beginning next week, and I\u2019d like to lower my credit card\u2019s interest rate.\u201d\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">CC REP: \u201cUh, why?\u201d\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">YOU: \u201cI\u2019ve decided to be more aggressive about paying off my debt, and that\u2019s why I\u2019d like to lower the interest rate I\u2019m paying. Other cards are offering me rates at half what you\u2019re offering. Can you lower my rate by 50% or only 40%?\u201d<\/span><\/p><p><span style=\"font-weight: 400;\">CC REP: \u201cHmmm \u2026 After reviewing your account, I\u2019m afraid we can\u2019t offer you a lower interest rate.\u201d\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">YOU: \u201cAs I mentioned before, other credit cards are offering me 0% introductory rates for 12 months, as well as APRs that are half what you\u2019re offering. I\u2019ve been a customer for XX years and I\u2019d prefer not to switch my balance over to a lower-interest card. Can you match the other credit card rates, or can you at least go any lower?\u201d\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">CC REP: \u201cI see \u2026 Hmm, let me pull something up here. Fortunately, the system is suddenly letting me offer you a reduced APR. That is effective immediately.\u201d<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2e89997 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"2e89997\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4ab5b6e\" data-id=\"4ab5b6e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f5d4544 elementor-widget elementor-widget-heading\" data-id=\"f5d4544\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">5. Ignoring retirement savings<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a0deb1 elementor-widget elementor-widget-text-editor\" data-id=\"0a0deb1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Ignoring your retirement savings can set you up for a financially insecure future. Many people push off retirement planning because it feels distant or overwhelming, but neglecting it now can have significant consequences later.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-304fe6b elementor-widget elementor-widget-heading\" data-id=\"304fe6b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Signs to look for:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8429c4f elementor-widget elementor-widget-text-editor\" data-id=\"8429c4f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Here are some signs that you might be ignoring your retirement savings:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Not contributing to a 401(k) or IRA<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Leaving employer match on the table<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No clear idea of how much you need for retirement<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prioritizing short-term wants over long-term needs<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4eaff5 elementor-widget elementor-widget-heading\" data-id=\"a4eaff5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Why it\u2019s a bad habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a363f63 elementor-widget elementor-widget-text-editor\" data-id=\"a363f63\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Failing to save for retirement means you risk having insufficient funds for a comfortable lifestyle in your later years. You miss out on the benefits of compound interest and any employer matches that could boost your savings. As a result, you may face increased financial stress later in life, potentially forcing you to work well past your desired retirement age. This lack of preparation can reduce your quality of life and even place an increased financial burden on your family members.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4edabc4 elementor-widget elementor-widget-heading\" data-id=\"4edabc4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How to break the habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-237410f elementor-widget elementor-widget-text-editor\" data-id=\"237410f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To stop ignoring your retirement savings and start preparing for the future, take these steps:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Start contributing to retirement accounts, even small amounts.<\/b><span style=\"font-weight: 400;\"> Consistency is key, and even small contributions can grow significantly over time due to compound interest.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Take full advantage of employer matches.<\/b><span style=\"font-weight: 400;\"> If your employer offers a matching contribution to your 401(k), make sure you\u2019re contributing enough to get the full match \u2014 it&#8217;s essentially free money.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increase contributions with each raise or bonus.<\/b><span style=\"font-weight: 400;\"> Automatically allocate a portion of any increase in income to your retirement savings to keep growing your nest egg without feeling the pinch.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Educate yourself on investment options and asset allocation.<\/b><span style=\"font-weight: 400;\"> Understanding where your money is going and how it can grow will help you make informed decisions that maximize your retirement savings.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Prioritizing your retirement savings will reduce financial stress later and allow you to enjoy a higher quality of life in your golden years.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6be92bd elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"6be92bd\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d9b78ff\" data-id=\"d9b78ff\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-79e5555 elementor-widget elementor-widget-heading\" data-id=\"79e5555\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">6. Spending for social status<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d369e5f elementor-widget elementor-widget-text-editor\" data-id=\"d369e5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Spending to keep up appearances can be a financial trap that leaves you feeling unfulfilled and stressed. It\u2019s easy to fall into the habit of buying things to impress others or match someone else\u2019s lifestyle, but this approach can do more harm than good.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19fa9d3 elementor-widget elementor-widget-heading\" data-id=\"19fa9d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Signs to look for:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17b9257 elementor-widget elementor-widget-text-editor\" data-id=\"17b9257\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Here are some signs that you might be spending for social status:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Buying luxury items you can&#8217;t afford<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Feeling envious of friends&#8217; possessions or lifestyles<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hiding purchases or financial struggles from loved ones<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prioritizing image over financial stability<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Spending beyond your means to maintain appearances<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Neglecting personal financial goals for social status<\/span><\/li><\/ul><p><a href=\"https:\/\/www.iwillteachyoutoberich.com\/154-kevin-michelle\/\"><span style=\"font-weight: 400;\">Kevin and Michelle<\/span><\/a><span style=\"font-weight: 400;\">, a couple in their 30s, find themselves trapped in a cycle of debt despite earning a good income. Their spending habits, particularly on frequent vacations, reflect a desire to maintain a certain lifestyle and keep up appearances. Kevin admits feeling conflicted about the need for constant trips, while Michelle often justifies their expenses by finding a \u201cgreat deal,\u201d even though the total costs quickly add up.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-134bec9 elementor-widget elementor-widget-video\" data-id=\"134bec9\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=1-rH2118xt0&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d16dac2 elementor-widget elementor-widget-text-editor\" data-id=\"d16dac2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">[00:38:09] Ramit: What\u2019s the thing about vacations you mentioned Kevin?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:38:12] Kevin: I feel like Michelle loves taking vacations. It\u2019ll be a weekend thing. It\u2019ll be a one-week thing. And I get it. I love to travel. We both love to travel, so yes, we want to explore the world and do all these things. And she\u2019s like, well, we can afford to do it, so why not? We should do it.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:38:36] Ramit: Where was the last place you went?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:38:38] Kevin: Austin. Was it Austin?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:38:42] Michelle: Bahamas.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:38:42] Kevin: No, Bahamas.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:38:44] Ramit: That\u2019s nice.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:38:45] Kevin: But after that, she was just on the cruise that she just went on with her mom and Enzo.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:38:50] Ramit: When she suggests these vacation spots, how does it make you feel, Kevin?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:38:53] Kevin: My first reactions is like, I don\u2019t think it\u2019s necessary. Then obviously, I enjoy it. I have a great time. Who wouldn\u2019t? But I\u2019m hesitant. I\u2019m really actually hesitant because I don\u2019t feel like it\u2019s necessary in that moment, or I don\u2019t feel like it\u2019s the right time because there\u2019s been situations where we took these vacations and I had to take off from work, so now I\u2019m missing out on money that I could be making. And a lot of the times I\u2019ve expressed that to her. I got to cancel coaching. I got to do this and stuff and move things around.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:39:22] Ramit: How did she respond?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:39:24] Kevin: We\u2019ll figure it out.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:39:25] Michelle: Yeah. I feel like where he may overspend with the little things, it is my biggest problem, feeling the need to go on vacation because I see a cheap flight, and I\u2019m like, oh, well look, I\u2019m going to buy this cheap flight. But then of course comes other costs, like the hotel might not be as cheap, and then of course the food and whatever else comes with it. So I think I get lured in by that, small, like, oh my gosh, the flight\u2019s $80. We have to go. But it\u2019s not $80.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:39:57] Ramit: In total, how many vacations do you take a year?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:40:02] Michelle: Maybe three.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:40:06] Ramit: Okay. Round up.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:40:07] Kevin: Last year we took about 10.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c81e19e elementor-widget elementor-widget-text-editor\" data-id=\"c81e19e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Their story is a perfect example of how spending to project an image or sustain a luxury lifestyle can create financial strain and interpersonal tension, emphasizing the importance of setting boundaries and aligning financial goals. Without addressing these habits, they risk continuing the cycle of debt and undermining their long-term financial security.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-071a049 elementor-widget elementor-widget-heading\" data-id=\"071a049\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Why it\u2019s a bad habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b7e63d elementor-widget elementor-widget-text-editor\" data-id=\"1b7e63d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Spending for social status often leads to chronic dissatisfaction and feelings of inadequacy, as you constantly try to measure up to others. Financial comparisons can strain friendships and relationships when they become a source of tension. By prioritizing appearances over your personal values and authentic desires, you risk accumulating debt and increasing stress levels. This behavior can also create relationship stress as your financial struggles become harder to hide.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a1e02e2 elementor-widget elementor-widget-heading\" data-id=\"a1e02e2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How to break the habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3123b52 elementor-widget elementor-widget-text-editor\" data-id=\"3123b52\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To shift away from spending for social status, try these strategies:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Practice gratitude for what you already have.<\/b><span style=\"font-weight: 400;\"> Focus on the things that genuinely bring you happiness and fulfillment rather than what others have.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Unfollow social media accounts that trigger comparison.<\/b><span style=\"font-weight: 400;\"> Limit exposure to content that makes you feel like you need to spend more to keep up.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Set personal financial goals and track your progress.<\/b><span style=\"font-weight: 400;\"> Having clear, meaningful goals can help you stay focused on what truly matters to you rather than being swayed by outside influences.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Find free or low-cost ways to socialize and enjoy life.<\/b><span style=\"font-weight: 400;\"> Build connections through shared experiences, not material possessions.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">By focusing on your own values and what truly brings you joy, you can break free from the cycle of spending for social status and create a more financially secure life.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3e6d8a5 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"3e6d8a5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5c178d5\" data-id=\"5c178d5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b31634e elementor-widget elementor-widget-heading\" data-id=\"b31634e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">7. Avoiding financial education<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7f87ea elementor-widget elementor-widget-text-editor\" data-id=\"a7f87ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Avoiding financial education is a habit that keeps you stuck in a cycle of confusion and poor money management. Many people find finances intimidating or overwhelming, but not taking the time to learn can have serious consequences.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eb3e564 elementor-widget elementor-widget-heading\" data-id=\"eb3e564\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Signs to look for:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9b9bc7 elementor-widget elementor-widget-text-editor\" data-id=\"d9b9bc7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Here are some signs you might be avoiding financial education:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Feeling overwhelmed or confused by financial terms<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Procrastinating on important financial tasks<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Making decisions based on emotions rather than facts<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Relying solely on others for financial advice<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f05e17 elementor-widget elementor-widget-heading\" data-id=\"2f05e17\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Why it\u2019s a bad habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c0ef06 elementor-widget elementor-widget-text-editor\" data-id=\"1c0ef06\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When you avoid learning about finances, you\u2019re more likely to make uninformed decisions that can hurt your financial health. This habit can perpetuate a generational cycle of poor money management and cause you to miss opportunities for wealth-building and financial growth. You may also become more vulnerable to scams and bad advice and constantly feel \u201cbehind\u201d or \u201clost\u201d when managing your money.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50fd96c elementor-widget elementor-widget-heading\" data-id=\"50fd96c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How to break the habit:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70ddc21 elementor-widget elementor-widget-text-editor\" data-id=\"70ddc21\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To take control of your financial future, start by educating yourself with these simple steps:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Start with basic personal finance books or reputable websites.<\/b><span style=\"font-weight: 400;\"> Choose accessible resources that help you build a foundation in budgeting, saving, and investing.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Follow financial experts on social media for daily tips.<\/b><span style=\"font-weight: 400;\"> Regular exposure to helpful content can make financial topics feel more approachable.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Attend free financial workshops or webinars.<\/b><span style=\"font-weight: 400;\"> Take advantage of opportunities to learn from professionals without spending a dime.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Schedule regular &#8220;money dates&#8221; to review and learn about finances.<\/b><span style=\"font-weight: 400;\"> Set aside time each month to assess your financial situation, read up on new topics, and make informed plans for your future.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">To explore personal finance more deeply, consider <\/span><a href=\"https:\/\/www.iwillteachyoutoberich.com\/personal-finance-podcasts\/\"><span style=\"font-weight: 400;\">listening to podcasts<\/span><\/a><span style=\"font-weight: 400;\"> or reading books that break down complex topics into simple, actionable steps.<\/span><\/p><p><span style=\"font-weight: 400;\">You can also check out my book, <\/span><a href=\"https:\/\/www.amazon.com\/gp\/product\/1523523689?&amp;linkCode=sl1&amp;tag=ramit-co-20&amp;linkId=7fa67e4cf65e6054ae3833c153d894f5&amp;language=en_US&amp;ref_=as_li_ss_tl\"><span style=\"font-weight: 400;\">Money for Couples<\/span><\/a><span style=\"font-weight: 400;\"> where I provide practical guidance on managing money effectively, having productive financial conversations, and creating a personalized plan for living your Rich Life.<\/span><\/p><p><span style=\"font-weight: 400;\">By taking small steps to improve your financial education, you\u2019ll build the confidence and knowledge needed to make smarter decisions and achieve your financial goals.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac42dbc elementor-widget elementor-widget-heading\" data-id=\"ac42dbc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What happens when you don\u2019t know what\u2019s going on with your finances<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13e4a62 elementor-widget elementor-widget-text-editor\" data-id=\"13e4a62\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When you don\u2019t know what\u2019s going on with your finances, it can create frustration, misunderstandings, and tension in your relationships and lead to a landslide of bad money habits. In this conversation, I spoke with <\/span><a href=\"https:\/\/www.iwillteachyoutoberich.com\/116-carrie-taylor\/\"><span style=\"font-weight: 400;\">Carrie and Taylor<\/span><\/a><span style=\"font-weight: 400;\">, who have struggled to get on the same page about money despite being together for eight years.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2464ea6 elementor-widget elementor-widget-video\" data-id=\"2464ea6\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/n2ePJAmzeNo?si=HtIQ34EC6g9JZ-lK&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43b0566 elementor-widget elementor-widget-text-editor\" data-id=\"43b0566\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">[00:03:12] Ramit: How long have you two been together?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:15] Carrie: Almost eight years.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:16] Ramit: Eight years. Okay. Carrie, when you got together with Taylor, were you already pretty savvy with money?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:25] Carrie: Yes. Maybe not great at doing all the things, but I knew what I should be doing and was doing some of those things, for sure.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:33] Ramit: Was it concerning to you at all that Taylor was not at the same level of financial savviness?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:39] Carrie: Once I realized it, it took a while. Yeah.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:44] Ramit: How long?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:46] Carrie: Probably six months of dating.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:03:48] Ramit: So Carrie, we\u2019re here to talk about the role of money in your relationship with you and Taylor. And I was struck by the application that you wrote. Uh, has Taylor seen that application?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:04:02] Carrie: He\u2019s not.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:04:03] Taylor: Oh, no.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:04:03] Ramit: Okay. Uh, would you mind if I read some of it out loud here?\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">[00:04:08] Carrie: Sure.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:04:09] Ramit: Okay. Taylor, the reason that I was struck by this was the severity and seriousness of the words that Carrie wrote. \u201cI\u2019m a 33-year-old woman who has been in an eight-year long relationship with my partner, and we still can\u2019t figure out how to talk about money together, and I\u2019m at my wits end. I have been ready to get married for the last three or so years, and now that he makes more, he\u2019s starting to express his desire to take that step too.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:04:41] \u201cHowever, in the back of my head, I feel hesitant to say yes because I am so frustrated with his lack of care or desire to talk about financial concerns, plans, etc. I\u2019M SO TIRED OF VENMO REQUESTS AND FIGURING OUT WHO PAYS FOR WHAT.\u201d I\u2019d like to pause there. Carrie, you remember writing that?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:05:10] Carrie: Mm-hmm. The wits end part was I feel like I\u2019ve tried a lot of different avenues to make it exciting, or to ask a question, or to draw him in, and he gets really excited about the dream planning. We love to talk about the dreams, and what could it be? But then when I start delving into the details, it\u2019s a complete shutdown and block.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:05:38] Ramit: Thank you. Taylor, hearing what Carrie wrote, how do you receive that?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:05:50] Taylor: Me being me, uh, sucks. I don\u2019t want to say, though, that it hurts because it doesn\u2019t. I don\u2019t care. She\u2019s the one that\u2019s feeling this way, so it just sucks. Yeah. It just sucks to hear. Because I should be better and should, I don\u2019t want to say be more of a man in this situation, but be, um, just more communicative and a better partner in general. Uh, I don\u2019t care about what I\u2019m feeling. I care about what she\u2019s feeling.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:06:37] Ramit: But I care what you\u2019re feeling. So what are you feeling right now?<\/span><\/p><p><span style=\"font-weight: 400;\">[00:06:45] Taylor: Oh, man. Uh, probably the one emotion I hate feeling.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:06:53] Ramit: Tell me.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:06:54] Taylor: Uh, disappointment.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:06:55] Ramit: At who.<\/span><\/p><p><span style=\"font-weight: 400;\">[00:06:57] Taylor: Myself.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0cbf960 elementor-widget elementor-widget-text-editor\" data-id=\"0cbf960\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This example shows how avoiding financial discussions can lead to deeper issues over time. By taking steps to understand your finances and communicate openly, you can avoid the stress and conflict that comes from being in the dark about your money.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-edbd9d6 elementor-widget elementor-widget-heading\" data-id=\"edbd9d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Want to dive deeper?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca948b9 elementor-widget elementor-widget-text-editor\" data-id=\"ca948b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you\u2019re ready to take control of your finances and want to explore even more money habits that might be keeping you stuck, check out this video. It covers seven additional habits that could be quietly sabotaging your financial progress \u2014 and, more importantly, how to overcome them!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e9ad21 elementor-widget elementor-widget-video\" data-id=\"6e9ad21\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/QbXw0rr29C4?si=Wz5brbFHsT2DMFE-&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d10468d elementor-widget elementor-widget-text-editor\" data-id=\"d10468d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Beyond that, you might need some help. Maybe you have a complex financial situation, like a blended family or a looming retirement. Maybe you have a specific question; I once hired a financial advisor to look over my finances and give me a second set of eyes on my asset allocation.<\/span><\/p><p><span style=\"font-weight: 400;\">But you should never, ever pay a percentage of your assets as a fee.<\/span><\/p><p><span style=\"font-weight: 400;\">For example, if you\u2019re paying your financial advisor 1 percent in fees, you\u2019re literally giving away more than a quarter of your lifetime returns to Chet so he can pay for his next BMW. That 1 percent in fees is worth far more than all the lattes you\u2019ll ever buy combined.<\/span><\/p><p><span style=\"font-weight: 400;\">I don\u2019t want you paying hundreds of thousands of dollars in fees. If you want to pay a great advisor a few thousand dollars for a financial plan, or $250\/hour\u2014or even $500\/hour\u2014great! (I paid my advisor an hourly rate, and I was happy to do it.) But never a percentage. You can find advisors who charge hourly or flat fees at napfa.org or by searching \u201cRamit Sethi advisor recommendations.\u201d<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c8c5b6 elementor-widget elementor-widget-shortcode\" data-id=\"5c8c5b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t<section data-elementor-type=\"section\" data-elementor-id=\"106510\" class=\"elementor elementor-106510\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-51156e1 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"51156e1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e992b0\" data-id=\"4e992b0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1b51f67 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"1b51f67\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fa237b9\" data-id=\"fa237b9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b341c44 elementor-widget elementor-widget-heading\" data-id=\"b341c44\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-large\">If you like this post, you'd love my Ultimate Guide to Personal Finance<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccbe91b elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-image\" data-id=\"ccbe91b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"193\" height=\"300\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts-193x300.png\" class=\"attachment-medium size-medium wp-image-106717\" alt=\"UG to Personal Finance\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts-193x300.png 193w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts.png 610w\" sizes=\"(max-width: 193px) 100vw, 193px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5130b32 elementor-widget elementor-widget-text-editor\" data-id=\"5130b32\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It&#8217;s one of the best things I&#8217;ve published (and 100% free), just tell me where to send it:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85bbeee elementor-widget elementor-widget-qi_addons_for_elementor_wp_forms\" data-id=\"85bbeee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"qi_addons_for_elementor_wp_forms.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-wp-forms\">\n\t<div class=\"wpforms-container wpforms-container-full\" id=\"wpforms-53563\"><form id=\"wpforms-form-53563\" class=\"wpforms-validate wpforms-form\" data-formid=\"53563\" method=\"post\" enctype=\"multipart\/form-data\" action=\"\/wp-json\/wp\/v2\/posts\/111041\" data-token=\"616c9873956056bb406a67057db9d712\" data-token-time=\"1779985348\"><noscript class=\"wpforms-error-noscript\">Please enable JavaScript in your browser to complete this form.<\/noscript><div class=\"wpforms-field-container\"><div id=\"wpforms-53563-field_18-container\" 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id=\"wpforms-53563-field_20-container\" class=\"wpforms-field wpforms-field-html\" data-field-type=\"html\" data-field-id=\"20\"><div id=\"wpforms-53563-field_20\"><strong>If you like this post, you'd love my Ultimate Guide to Personal Finance<\/strong><\/div><\/div><div id=\"wpforms-53563-field_21-container\" class=\"wpforms-field wpforms-field-html\" data-field-type=\"html\" data-field-id=\"21\"><div id=\"wpforms-53563-field_21\">It\u2019s one of the best things I\u2019ve published (and 100% free), just tell me where to send it:<\/div><\/div><div id=\"wpforms-53563-field_10-container\" class=\"wpforms-field wpforms-field-name\" data-field-type=\"name\" data-field-id=\"10\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-53563-field_10\">First Name <span class=\"wpforms-required-label\">*<\/span><\/label><input type=\"text\" id=\"wpforms-53563-field_10\" class=\"wpforms-field-medium wpforms-field-required\" name=\"wpforms[fields][10]\" placeholder=\"First Name\" required><\/div><div id=\"wpforms-53563-field_11-container\" class=\"wpforms-field wpforms-field-email\" data-field-type=\"email\" data-field-id=\"11\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-53563-field_11\">Email <span class=\"wpforms-required-label\">*<\/span><\/label><input type=\"email\" id=\"wpforms-53563-field_11\" class=\"wpforms-field-medium wpforms-field-required\" data-rule-restricted-email=\"1\" name=\"wpforms[fields][11]\" placeholder=\"Email Address\" spellcheck=\"false\" required><\/div><div id=\"wpforms-53563-field_19-container\" class=\"wpforms-field wpforms-field-html\" data-field-type=\"html\" data-field-id=\"19\"><div id=\"wpforms-53563-field_19\">Along with the guide, I'll also send you my Insiders newsletter where I share other exclusive content that's not on the blog.<\/div><\/div><\/div><!-- .wpforms-field-container --><div class=\"wpforms-submit-container\" ><input type=\"hidden\" name=\"wpforms[id]\" value=\"53563\"><input type=\"hidden\" name=\"page_title\" value=\"\"><input type=\"hidden\" name=\"page_url\" value=\"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/111041\"><input type=\"hidden\" name=\"url_referer\" value=\"\"><button type=\"submit\" name=\"wpforms[submit]\" id=\"wpforms-submit-53563\" class=\"wpforms-submit\" data-alt-text=\"Sending...\" data-submit-text=\"Send me the guide!\" aria-live=\"assertive\" value=\"wpforms-submit\">Send me the guide!<\/button><\/div><\/form><\/div>  <!-- .wpforms-container --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fd482ad elementor-hidden-mobile\" data-id=\"fd482ad\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cb86639 elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"cb86639\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"610\" height=\"950\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts.png\" class=\"attachment-medium_large size-medium_large wp-image-106717\" alt=\"UG to Personal Finance\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts.png 610w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts-193x300.png 193w\" sizes=\"(max-width: 610px) 100vw, 610px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/section>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Bad money habits are behaviors that quietly drain your wealth and keep you from reaching your financial goals. In this post, we&#8217;ll uncover seven common habits that might sabotage your finances and show you how to break free from them. 1. Impulsive spending Impulsive spending is one of the most common habits that can wreck [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":111043,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"","_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[160],"class_list":["post-111041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"acf":[],"aioseo_notices":[],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/111041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/comments?post=111041"}],"version-history":[{"count":0,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/111041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media\/111043"}],"wp:attachment":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media?parent=111041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/categories?post=111041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}