10 Habits of People Who NEVER Go Broke

Adopt these 10 habits and you will never go broke!! 📖Psychology of Money: https://amzn.to/3YOOfQm ☕Support My Channel!: https://www.buymeacoffee.com/williamsauQ 📱My $15 Phone Plan: https://mint-mobile.58dp.net/rn6rJQ 🏛️My 4.6% APY Savings Account: https://www.sofi.com/invite/money?gcp... 🌍My World Map: https://amzn.to/3Y90Sac Chapters 00:00 Start Here 00:36 They Look Into The Future 01:38 They Give Themselves A Big Time Frame to Pay For Big Expenses 02:54 They Never Let Things Pile Up 03:49 They’re Always Ahead And Are Never Playing Catch Up 04:40 They Spare No Expense On Prevention 05:48 They Adapt To Whatever Life Throws At Them 07:03 They Ask Questions First And Buy Second 08:01 They Keep Their Finances Simple 08:49 They’ve Stopped Their Goal Post Moving 10:00 They Plan for Their Plan to Not Go According to Plan There are some people in this world that no matter what happens to them, they never are broke and are always in a good financial situation. This is due to habits that practice that prevent them from going broke. In this video, I share 10 habits of people who never go broke. 1. They Look Into The Future People who never go broke have superpowers. They are able to look into the future and predict future expenses before they happen. Once they predict these expenses, they take steps in the present to prepare for them. Then, once these future expenses finally come, they are prepared for them financially. 2. They Give Themselves A Big Time Frame to Pay For Big Expenses There are some expenses in life that come at a complete surprise like a health emergency, a car crash, or a pipe burst; however, most expenses in life we do know they are coming ahead of time. People who never go broke give themselves a big time frame to prepare for these big expenses so that they do not have to pay for the entire thing at once. 3. They Never Let Things Pile Up People who never go broke knock things out one by one in order to avoid having tons of expenses to pay for at once. They never let things pile up and get overwhelming. 4. They’re Always Ahead And Are Never Playing Catch Up They are also always ahead in life instead of playing catch up. They are ahead of their bills, avoid debt, and have their possessions maintained. By doing this, when an unexpected expenses comes up, it doesn't burden them because they are already ahead. 5. They Spare No Expense On Prevention There's a saying that goes, "An ounce of prevention is worth a pound of cure." It is much cheaper to pay for prevention than it is to pay for cure. And people who never go broke make sure to take all preventative steps in order to avoid something big from happening. 6. They Adapt To Whatever Life Throws At Them Another habit they practice is adaptation. They are constantly changing their lifestyle based on what is going on in their life. This allows them to not be as affected by the punches of life. 7. They Ask Questions First And Buy Second People who never go broke think before making big purchases. They consider everything before deciding to make the purchase. This allows them to avoid putting themselves in a situation that they can't handle. 8. They Keep Their Finances Simple They do not have complex financial plans where they have 10 credit cards for points, a complex investment portfolio, and multiple bank accounts. Instead they keep their finances as simple as they can in order to avoid overlooking anything. 9. They’ve Stopped Their Goal Post Moving In the book, "The Psychology of Money," the author says, "The hardest financial skill is to get the goal post to stop moving." Many people become broke because they are always seeking more in life. But people who never go broke establish their enough and do not go beyond that. 10. They Plan for Their Plan to Not Go According to Plan This video is about making a plan so that you are prepared for life's surprises; however, no matter how much you prepare in life, there will be moments when your plan does not go to plan. People who never go broke make sure they have an emergency fund, a sustainable budget, and a good attitude that will protect them when plans don't go to plan. **Links above are affiliate links where if you click and order, I will receive a commission at no cost to you. **