7 Money Habits Keeping You Poor

Ever wonder why some people seem to get richer while others stay in the same financial spot?
In this episode of Property Now Ed, an economist and property investor, explains the seven bad money habits that are likely holding you back.
This video goes beyond typical financial advice by addressing deeper behavioural patterns, like the psychological impact of peer spending and the risks of not investing early.
Learn how to adjust your financial habits to not only save money but also to make your money work for you.
Book your portfolio planning session & create a plan with a financial adviser.
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[@mackpang6367]

started my business when i was 18 in uni, i'm now 39, the hard truth i learnt is that you can't save to rich, that latte you cut on daily basis won't get you financial freedom, it doesn't matter how frugal you are, the only sure way to get wealthy is to have a business, a business that you can successfully leverage two of the wealth fundamentals: 1.other people's time, 2. other people's money. It's hard to run a successful business, that's why most people aren't rich. But once you have a successful business, you will never want to work for anyone ever, because those two leverages plus tax advantages yield the highest return on equity. Real estate surely makes millionaires, but businesses make billionaires, period.

[@user-kiwikind]

I took a big risk at 21. Got my house in Auckland. I’m 32 now and if I didn’t do that I don’t think I would be able to afford to rent or buy in the current market.

[@Money-Fast-Plan-a]

Your content is profoundly enlightening! -- "Trust in your potential to guide your journey.."

[@ethikal101]

Great content. Keep up the good work team!

[@MikeChild72]

I love seeing a New Zealand channel putting out this sort of content. Great job!

[@joshbedford5330]

What do you think about fiat currency debasing so fast. When house prices appreciate faster than wage growth. Why would you save dollars when the real inflation rate is higher than reported. What hard assets would you suggest 'saving' money in.

[@trigmusicnz]

thanks for this mate. keep em coming. might actually come to one of your seminars tbh

[@anmolruchi-worldfromoureye2705]

Hi there,
Do you recon it’s good to go as GST registered for buying investment properties?
Or being non GST-registered is a good option as then we have to pay a lot more GST when we sell the property
But if you buy 2/3 investment properties and the then your annual income from property is more than $60,000 then you have to go GST registered ?
What is the best way and what you do yourself as you are an investor?
Please guide
Thanks in advance?🙏🙏🙏

[@siiiiiiiiiimo]

They cant give personal financial advice in a RUclips comment
Go to the Opes website and book a meeting with a financial advisor if you need real advice
My numpty opinion/understanding is only a business that earns over 60k a year needs to register for GST. Regular meat body human beings do not need to pay GST if they earn over 60k.
It depends on the type of property - if GST is beneficial or not

[@udomsupsrihorn2173]

Thanks Ed

[@siiiiiiiiiimo]

Your looking bloody healthy Ed. Less wines and more protien shakes? Sheesh

[@Karearearea]

Great video!

[@elisabethloxley6124]

I would like to consult with you. How do I go about it?

[@opes_partners]

Hey Elisabeth, that's great, just click the link below to book a free session
www.opespartners.co.nz/book-your-free-session-2?