We’re finding that if you want to reach a significant level of wealth, you need to control how you spend and form healthy financial habits that prompt your life’s growth.
No matter how wealthy you are, your money will always fall victim to your bad spending habits if you don’t address them.
Consumers are using credit cards irresponsibly by buying things they can’t afford with them and neglecting to pay the bill responsibly, if at all.
Consumers are also using “retail therapy” as an excuse to go out and buy whatever their heart desires to make them feel good on the inside.
Always spending on what you want leaves little to spend on what you actually need to thrive in your life.
It would be best if you weren’t buying luxury brands and designer labels to impress other people.
Those subscription and service fees automatically deducted from our accounts are often an afterthought of spending.