These 8 Money Habits Are Costing You Thousands (Are You Doing Them?) | #MoneyMindset - Ep. 17

📥 FREE Interactive Budget Blueprint → https://www.automaticwealthacademy.com/the-interactive-budget-blueprint(Set up your personal 70-10-10-10 budget in 5 minutes. No guesswork, no confusion)---Last month I ran an experiment on myself: I went through every single payment that left my bank account, every subscription, every purchase, every direct debit and asked one question: Did I actually choose this, or did I just end up here?The answer unsettled me.In this video, I walk you through the 8 money habits that are quietly draining your wallet, not because they feel like mistakes, but because they feel completely normal. That's exactly what makes them so dangerous.We cover:✅ Buying cheap (and why it's often the most expensive choice)✅ Buying a bigger home than you need — the hidden $170,000+ trap✅ Upgrading your phone every year (what I did instead with that money)✅ Buying diamonds — the retail markup no one talks about✅ Calling luxury purchases "investments" (confirmation bias at work)✅ Extended warranties — why they're pushed so hard✅ Weddings — starting marriage with financial stress baked in✅ Streaming subscriptions — you're paying for options, not contentNone of this is about spending less on things you love. It's about the shift from defaulting to deciding — and that's where the real financial progress happens.👇 Which one hit closest to home? Drop it in the comments. I read every single one.⏱ CHAPTERS00:00 Introduction — the experiment02:17 Habit #1 — Buying cheap (sunk cost fallacy)04:16 Habit #2 — Buying a bigger home than you need07:03 Habit #3 — Upgrading your phone every year09:22 Habit #4 — Buying diamonds11:10 Habit #5 — Calling luxury purchases "investments"13:17 Habit #6 — Extended warranties14:49 Habit #7 — Weddings16:51 Habit #8 — Streaming subscriptions18:38 The real takeaway---SUBSCRIBE HERE:    / https://www.youtube.com/@MyAutomaticWealthAcademy WHO IS ANDREA VAN SCHALKWYKAndrea is an Italian–South African, born and raised in Lusaka, Zambia, and a Value Investor who believes managing money shouldn’t be stressful or confusing.After living in Italy for 20+ years and travelling through 60 countries, he has learned one thing: everyone deserves financial stability, even with a full-time job, a family, and very little free time.Through the Automatic Wealth Academy and articles published on major financial platforms, like Business Insider, Nasdaq, Yahoo Finance and GuruFocus, he helps people simplify their finances, stop living paycheck to paycheck, and finally build the kind of calm, predictable wealth that brings peace of mind.---DO YOU WANT TO HAVE FINANCIAL FREEDOM?Download "The 5 Stages of Financial Freedom", and you will Receive the Practical Roadmap to Go from Survival to Wealth.https://www.automaticfinancialfreedom.com/the-five-stages-of-financial-freedom Financial freedom is more than having money, it’s having control over your time, choices, and future. Understanding your current stage allows you to take targeted, effective steps to progress and achieve generational Wealth.---CONNECT WITH ANDREA | SOCIALS & WEBSITE:🌎 Website -  / https://www.automaticwealthacademy.com/𝕏 Twitter/X -  / https://x.com/awealthacademy/📸 Instagram -   / https://www.instagram.com/automaticwealthacademy/👨‍💼 Linkedin-   / https://www.linkedin.com/in/andreavanschalkwyk/🙂📘 Facebook -   / https://www.facebook.com/automaticwealthacademy/---DISCLAIMERS & DISCLOSURES: This content is for educational purposes only and should not be considered personalized financial, investment, or tax advice. Always evaluate your own financial situation and conduct thorough research before making investment decisions. All investments carry inherent risks, and past performance doesn't guarantee future results.#WealthBuilding #LongTermInvesting #FinancialFreedom #InvestmentTips #ValueInvesting #AndreaVanSchalkwyk #AutomaticWealthacAdemy #PsycologyOfMoney #MoneyMindset