11 Things POOR People Waste MONEY On That Rich People DONT

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In this video, I'm diving into a topic that's sure to stir up some conversation: the 11 things the poor spend money on or waste money on that the rich don't.

First on the list is high-interest credit card debt. It's a trap that many fall into, borrowing money for consumables or liabilities. Unlike leverage, where borrowed money is used for assets that pay back, debt for everyday expenses leaves you with nothing but the debt itself.

Understanding and changing these spending habits can make a significant difference in your financial journey.

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Show Notes:
0:00 Intro
0:24 High-Interest Credit Card Debt
2:42 Personal Maintenance
4:20 Impulse Purchases
5:20 Eating Out
7:19 Health
9:16 Games & Entertainment
11:28 Tech
13:51 Gambling
15:23 Smoking and Vaping
17:08 Taxes
19:26 Trying to Look Rich
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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