7 Money Traps That Keep You Poor (STOP Doing This)

Being poor is often a result of bad habits, not just a low income. There are invisible "Money Traps" designed to take money out of your pocket and put it into the pockets of corporations and banks. In this video, we expose the 7 Financial Traps that keep 99% of people from building wealth. The Traps: 1. The Brand Name Trap (Looking rich vs Being rich) 2. The New Car Trap (Depreciation) 3. The Credit Card Trap (High Interest) 4. The Subscription Bleed (Vampire Expenses) 5. The Peer Pressure Trap (Trying to impress others) 6. The "Saving Cash" Trap (Inflation) 7. The Comfort Zone (Lack of Skills) Stop falling for these traps. Start building your freedom. 0:00 The Invisible Traps 0:40 Trap 1: Brand Names 1:10 Trap 2: The New Car 1:40 Trap 3: Credit Card Debt 2:10 Trap 4: Subscriptions 2:40 Trap 5: Peer Pressure 3:10 Trap 6: Saving vs Investing 3:40 Trap 7: The Comfort Zone 4:10 Conclusion #MoneyTraps #PoorHabits #FinancialEducation #CapitalMinds #FrugalLiving #WealthMindset