5 Money Habits Keeping You Poor, According to John Liang

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Choncé MaddoxMon, October 13, 2025 at 4:41 PM GMT+2 4 min readImagine losing thousands of dollars each year without even realizing it. That’s the trap John Liang described in his video on five money habits that keep people broke. In the video, he highlighted habits that many of us fall into without thinking.Be Aware: Key Signs Your Credit Card Is Quietly Wrecking Your FinancesLearn More: 5 Cities You Need To Consider If You're Retiring in 2025Fortunately, as Liang explained, these can be turned into wealth-building opportunities with some practical changes. Here’s a breakdown of Liang’s five habits that can keep people poor and how to change them.According to Liang, impulse buying is “as American as it gets.” According to Capital One Shopping, 89% of shoppers have made an impulse purchase, with 54% spending $100 or more.Liang shared his personal struggle with browsing Slick Deals, a discount site he visited daily not because he needed anything but just to see what was on sale. Liang’s wake-up call: “If I’m spending to save, am I really saving? No,” he said.Here are some ways to fix this habit, according to Liang.Use the 48-hour rule: Wait two full days before making any nonessential purchase. If it’s still on your mind after 48 hours and fits your budget, go for it. Otherwise, let it go.Create a budget: Liang explained that budgeting isn’t about restriction; it’s about direction. Give yourself permission to spend on fun things within limits.Find Out: Here’s How to Build an Emergency Fund Without Blowing Your BudgetAs your income increases, it can be tempting to spend more on dinners out, new clothes and upgraded vacations. According to Synchrony, lifestyle creep can appear in your social life, wardrobe, commute, travels and household.Liang said he remembers his first job out of college, when he felt on top of the world and started spending like it. The problem? His savings didn’t grow. “Everything else, all of my costs, had kept up with my income,” he explained.To help you avoid lifestyle creep, he recommended setting financial goals early. Decide what you’re saving for before the raise hits your account. You can also automatically direct a percentage of your income to savings or retirement so it’s not there to tempt you.Liang said he was stunned that 48% of Americans don’t have any investment assets. “Any money that you have simply sitting in a checking account is literally the same as just lighting money on fire,” he explained, thanks to inflation eroding its value.“Investing is dumb, dumb, dumb simple,” Liang said. He explained that people should forget day trading and fancy stocks. Instead, he advised buying index funds tracking the S&P 500 or the total market, investing consistently, and letting time work its magic.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,644.31 -10.41 (-0.16%)Dow 3046,270.46 +202.88 (+0.44%)Nasdaq22,521.70 -172.91 (-0.76%)Russell 20002,495.50 +34.08 (+1.38%)VIX20.81 +1.78 (+9.35%)Gold4,175.80 +12.40 (+0.30%)PortfolioSign in to access your portfolioSign inTop gainersCRML Critical Metals Corp. 29.97 +6.69 (+28.74%)NVTS Navitas Semiconductor Corporation 12.57 +2.60 (+26.08%)ERIC Telefonaktiebolaget LM Ericsson (publ) 9.85 +1.68 (+20.56%)LAC Lithium Americas Corp. 10.05 +1.62 (+19.22%)OUST Ouster, Inc. 36.16 +5.09 (+16.38%)Top losersALAB Astera Labs, Inc. 161.55 -37.98 (-19.03%)CRDO Credo Technology Group Holding Ltd 129.75 -20.15 (-13.44%)DGNX Diginex Limited 23.30 -2.40 (-9.34%)VIST Vista Energy, S.A.B. de C.V. 35.18 -2.97 (-7.79%)INOD Innodata Inc. 75.83 -5.85 (-7.16%)Most activeBITF Bitfarms Ltd. 5.89 +0.50 (+9.28%)PLUG Plug Power Inc. 4.0500 +0.1500 (+3.85%)NVDA NVIDIA Corporation 180.03 -8.29 (-4.40%)BBAI BigBear.ai Holdings, Inc. 8.91 +0.10 (+1.14%)NVTS Navitas Semiconductor Corporation 12.57 +2.60 (+26.08%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 113,246.09 -2,335.68 (-2.02%)WMT Walmart Inc. 107.21 +5.09 (+4.98%)NVA Nova Minerals Limited 71.84 +37.68 (+110.30%)ALAB Astera Labs, Inc. 161.55 -37.98 (-19.03%)TMQ Trilogy Metals Inc. 10.60 +4.04 (+61.59%)Top economic events