The video discusses nine common bad money habits that people have and offers tips on how to break them. The video covers topics such as paying yourself first, avoiding bad debt, understanding your income and expenses, diversifying investments, and reducing taxes legally. It also emphasizes the importance of investing early and finding an investment strategy that matches your style.
1. The author has spent the last decade immersing themselves in finance and money.
2. One of the most important skills they learned is how to handle their own finances and break free from bad money habits.
3. One bad money habit is paying yourself last instead of first.
4. Another bad money habit is getting comfortable with bad debt.
5. A third bad money habit is focusing solely on saving and not earning more money.
6. Knowing your income and expenses properly is important for financial control.
7. Paying too much in taxes can be a huge expense and reducing tax bills legally can be beneficial.
8. Waiting too long to invest can make it harder to achieve financial freedom.
9. Diversifying investments and not leaving excess money in a bank account is important for earning more money.