5 Money Traps Keeping You Broke (And How to Escape Them)

Most people aren’t broke because they’re lazy… they’re broke because they’re stuck in invisible money traps they don’t even see. In this video, I’ll break down 5 powerful money traps that quietly keep you broke in the US and Canada — and exactly how to escape each one. We’ll talk about: Lifestyle inflation and why every raise disappears Emotional spending and “I deserve this” purchases Credit card traps and minimum payments that keep you in debt Subscription creep that drains your account every month Not tracking your real cost of living (your personal inflation) By the end of this video, you’ll know what’s holding your money back and how to start building real wealth instead of watching your balance reset to zero every month. 👉 Comment “ESCAPE” if you’re ready to break these traps. 👉 Subscribe for weekly videos on money, mindset, and practical wealth habits for everyday people in the US and Canada. Includes original narration, analysis, and production by MoneyMagnet1992. 🔍 SEO Block (put this at the bottom of the description) 5 money traps keeping you broke, habits keeping you poor, financial mistakes to avoid, why you’re still broke, money traps in your 20s and 30s, how to escape money traps, money habits to quit, how to stop living paycheck to paycheck, wealth building for beginners, personal finance tips US, personal finance tips Canada, how to manage money better, millionaire mindset habits, stop wasting money #PersonalFinance #MoneyTraps #WealthBuilding why am i still broke money traps keeping you broke financial mistakes americans make financial mistakes canadians make how to stop living paycheck to paycheck how to save money in 2025 money habits to quit how to build wealth from nothing debt traps to avoid budgeting mistakes beginners make how to fix your finances wealth building tips for 2025 financial literacy for adults US financial literacy for adults Canada