7 Money Mistakes Keeping You Broke (Stop Doing These NOW)

Are you making these 7 money mistakes that keep people broke? Learn what millionaires do differently and how to build real wealth starting today. In this video, I break down the 7 biggest financial mistakes that prevent people from building wealth - and more importantly, how to fix them. Whether you're trying to escape the paycheck-to-paycheck cycle, start investing, or build multiple income streams, avoiding these mistakes is crucial. 🔥 THE 7 MONEY MISTAKES: ⏱️ TIMESTAMPS: 0:00 - Introduction: Why Most People Stay Broke 1:00 - Mistake #1: Working Only for a Paycheck (Skills vs. Salary) 2:45 - Mistake #2: Buying a Rich Lifestyle Too Early 4:30 - Mistake #3: Trying to Do Everything Alone (The Power of Leverage) 6:00 - Mistake #4: Having Too Many Inputs (Analysis Paralysis) 7:30 - Mistake #5: Being Ego Driven (The Iceberg Principle) 9:00 - Mistake #6: Playing the Blame Game (Responsibility vs. Excuses) 10:30 - Mistake #7: Staying in Your Comfort Zone 11:45 - Conclusion & Action Steps 💰 WHAT YOU'LL LEARN: ✅ Why focusing only on salary keeps you poor (and what to focus on instead) ✅ The difference between assets and liabilities - and why it matters ✅ How to use leverage to multiply your income without working more hours ✅ The exact steps to expand your comfort zone and unlock new opportunities ✅ Why 37% of Americans can't afford a $400 emergency (and how to avoid being one of them) ✅ How the "PayPal Mafia" used teamwork to create billion-dollar companies ✅ The Chinese proverb that changed how I think about responsibility ✅ Real examples of people who built wealth by avoiding these mistakes 📊 KEY STATISTICS COVERED: 37% of Americans can't afford unexpected $400 expenses 60% of households can't buy a new car 52% of people never leave their comfort zone People who take responsibility are 3.2x more likely to achieve financial goals 🎯 WHO THIS VIDEO IS FOR: Anyone struggling to build wealth despite working hard People tired of living paycheck to paycheck Entrepreneurs and side hustlers looking to scale Anyone who wants financial freedom but doesn't know where to start Young professionals making career decisions 💡 RELATED TOPICS: Personal finance tips, wealth building strategies, financial independence, passive income, money management, investing for beginners, entrepreneurship, side hustle ideas, financial freedom, millionaire mindset, money mistakes to avoid, how to get rich, financial education, budgeting tips, income streams. 👤 ABOUT MR COIN EXPLAINS: I'm Mr Coin, and I make financial education entertaining and actually useful. No BS, no get-rich-quick schemes - just real strategies that work. I've studied hundreds of millionaires and billionaires to understand what actually creates wealth, and I share everything I learn on this channel. 🔔 SUBSCRIBE for weekly videos on personal finance, wealth building, and money management 💬 COMMENT BELOW: Which of these 7 mistakes are YOU currently making? Let's help each other improve! ⚠️ DISCLAIMER: This video is for educational and entertainment purposes only. It is not financial advice. Please consult with a licensed financial advisor before making any investment decisions. Past performance does not guarantee future results. © 2025 Mr Coin Explains. All rights reserved.