8 money habits that are preventing you from growing your wealth

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8 money habits that are preventing you from growing your wealth, according to an ex-banker

You make your own luck. Here are a few more money habits keeping you poor. Cash is mostly trash. Having too much of it around will cause it to rot, and currency devaluation. Sure, money in a savings account gives you options. But too much money saved up is also a sign of fear.

None of this happens because it's right. No, it's a way to build fake social capital that's supposed to make you feel good. But social capital doesn't pay the bills or help you buy your time back and experienceMoney does matter. Money runs the world. Without money, you will starve and have money on the brain 24/7 while you live as a chimpanzee whose mind is stuck in survival mode.

That's right, after six months not one customer ever made a second or third payment — a 100% failure rate. So in a Gordon Ramsay"Kitchen Nightmares" voice, I said to my team,"Shut it down!" It was the best decision I've ever made. I've invested six figures more because of it. I don't even remember the debits anymore. And I'm not even sure how to turn them off.Trying to time the market is a losing game. Some say property prices will continue to fall. Others say crypto will boom again and you shouldn't miss out. Some predict tech stocks will roar higher or that Google and Microsoft will go crazy once AI goes further mainstream.

 

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