Many of the young entrepreneurs I meet through my work as a writer, investor and entrepreneur aren't reaching their full potential. What's more, they have no idea why. They have great ideas for their startups and financial backing to make it a reality. But no matter how hard they try, they keep coming up short. Is this you? Do you believe you should be successful but can't get quite where you want to be? If so, I’m willing to bet you're letting a few bad habits run in the background, without your knowledge. Bad habits often go unnoticed, like a slow leak in a car tire. Until one day, when you're on the side of the road without any advance warning there's a problem. Here is the list by Insidermonkey experts about the top ways to ditch bad spending habits.
Spend enough money, and you'll quickly learn the definition of a bad money habit. Few people need to be told not to overspend on credit or debit cards or to curb impulse shopping. You know you shouldn't, even if you always do. What you need are solutions. But solutions are hard to come by, says Ramona Pearson, a certified public accountant and personal financial advisor in Detroit. She has been advising clients since 1984, she says, and from what she has seen, these bad habits are often practically baked into our brains. "Money habits are formulated at a very young age for most people," she says. "I think how money works and what it means is deeply ingrained in our psyche." You can also read our other article – 7 habits that kill your productivity.
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