Bad money habits – we all have or have had them throughout our lives. The classic and most infamous bah habit that first comes to mind is spending more than you earn and not having a budget. As quite a trivial concept, it really is the monster that grips most people. This then rolls into the use of credit cards and consumer debt, plus a myriad of other dark clouds than can stem from this basic premise being broken. Host Andrew Baxter says getting to the core of why someone is spending so much is critical, as it will often reveal holes in their personality. Additionally – spending too much time on social media or listening to Finfluencers is a sure way to develop some terrible habits. The ‘click here to become a crypto billionaire’ ad on Facebook is certainly enticing and sold very well, albeit often leads to a false sense of hope and a lack of understanding when it comes to financial markets and personal finance as a whole.
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