🐺The Truth About Being Self-Made: Why Only the Rich Admit It

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Most people are broke because of the decisions they make.

Here are 7 money traps that will keep you broke forever…

1/ Lying to Themselves.

Many people claim they don’t care about money.

This is copium at its finest.

Don’t lie to yourself – acknowledge the problem and fix it instead.

2/ Wrong Career

Many people pick the wrong career and stick with it forever.

They invest so much time in school to reach this point that they feel obligated to stay.

There’s no shame in restarting if you made a mistake – especially if you’re miserable.

3/ Fear

This is the greatest money-killer of all.

Most people are comfortable where they are.

Fear paralyzes them from taking any risk – however small.

Risk-taking is mandatory if you want to make a substantial amount of money.

4/ Day Trading

Lots of people try day trading – almost all of them fail.

Market volatility, trading fees, and market complexities make profitability difficult.

Play the long-term game instead – your odds are far greater.

5/ Time

Most people waste time on trivial things.

Such as driving extra far for cheaper gas or taking unnecessary meetings.

That time accumulates into days wasted each year – don’t fall for it.

6/ Entitlement

Many people spend money because they “deserve to.”

“I’ve been working hard lately, let’s book a trip to Hawaii.”

Whether you deserve it or not, if it doesn’t fit your budget, don’t go.

7/ Reckless

Another classic mistake is investing without understanding the investment.

Tons of people buy $NVDIA, $AAPL, and $MSFT just because everyone else is.

Don’t invest recklessly, practice due diligence with every investment you make.

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