5 Destructive Money Habits to Quit Today - Darius Foroux - Deepstash

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5 Destructive Money Habits to Quit Today - Darius Foroux

dariusforoux.com

Quit Mindless Shopping

Mindless shopping is a money destructive habit that makes us want more and crave for more by futher developing our consumer mentality and allowing it to swallow us.

Many of us believe that we have to spend money in order to have a good time and while it's nothing to be asha...

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Stop Using Credit Cards as a Loan

Most people see credit cards as a free loan but it really isn't. Most countries use credit cards in order to build a good credit score however in order to get out of deb, one must:

  • Assess their financial health and track their incoming and outgoing cashflow

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Don't Borrow Money for Liabilities

If you've ever heard of the saying "live below your means" I'd like you to know that I am a big believer of it and should I ever have the need to borrow money, for example a car, I'm living above my means.

However, it doesn't mean that you won't get to enjoy life. It just means that if you ...

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Quit Spending Hours to Save Pennies

Do you value your own time? 

If you do, why do you spend hours on end searching for deals on clothes or shoes?

If we put a dollar value on our time and base our decisions off of that we'd be able to make ourselves more productive and more likely to be time-efficient.

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Having One Income Stream

When we invest in ourselves and spend less time on entertainment and consumerism ideals, we can actually build a more stable career. 

With our free time we can start a side business, learn how to make money work for us instead of us working for money. By having multiple str...

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