1. EachPod

Overspending - Why We Do It and How to Stop

Author
Annette Bau, CFP®;
Published
Wed 11 Oct 2023
Episode Link
https://themillionaireinsider.com/overspending-why-we-do-it-and-how-to-stop/

Today, you will learn how to stop overspending and other addictive behaviors.

While society looks down on most addictions like overdrinking, overeating, even a sex addiction, or an addiction to drugs, spending money is actually encouraged, which can make it more challenging to overcome. 

Overspending is an addiction that impacts all economic classes, from people who have money to those who don't. The problem with people who have money is they don't need money right now. So they think spending money is acceptable. 

But unless living in a run-down apartment or trailer and eating ramen noodles is your dream retirement, you must create habits that ensure a secure financial future. 

Today, you will learn how to do that and more. So, take note and apply what you learn today; you will be so glad you did!  

In this episode, you will learn:

* Why we overspend and make impulse buys

* What is lifestyle creep

* How to create healthy habits

* The process to stop overspending and get on track to achieving your financial goal 

Links Referenced in the Show:

The Retirement Planning Checklist:https://themillionaireinsider.com/rpc

Get your Free Financial Checkup:  https://themillionaireinsider.com/fc

Show notes and more information: https://themillionaireinsider.com/27

This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.

Share to: