You work hard. You get paid. But by the end of the month, your bank account is empty. Where did the money go?
It wasn't stolen. You gave it away. Most people stay poor not because they don't earn enough, but because they fall into Marketing Traps designed to extract their wealth.
1. The "Latte Factor" (Small Daily Leaks)
Spending $5 on coffee every morning seems innocent. But that is $1,800 a year. If you invested that money instead, it could grow to $30,000 in 20 years. Make your coffee at home.
2. Car Payments (The Wealth Killer)
Buying a brand new car to impress people you don't like is the fastest way to destroy your financial future. As soon as you drive a new car off the lot, it loses 20% of its value. Buy used, buy cash.
3. Subscriptions You Forgot About
Netflix, Spotify, Gym, Amazon Prime... Check your bank statement. You are likely paying for services you haven't used in months. Cancel them today.
4. Brand Name Clothing
Rich people wear simple clothes (look at Mark Zuckerberg). Poor people wear Gucci and Balenciaga to look rich. Don't be a walking advertisement for a company that doesn't care about you.
The 50/30/20 Rule
To fix your finances, split your income:
- 50% for Needs (Rent, Food).
- 30% for Wants (Fun, Travel).
- 20% for Savings & Investment.
Start today. Your future self will thank you.
