Member-only story
8 Millionaire Habits That Actually Keep You Broke
We often admire the habits of millionaires and believe imitating them will help us achieve financial freedom. But here’s the catch: not all “millionaire habits” are created equal. Some of these habits, when misapplied or misunderstood, can actually keep you broke.
In this article, we’ll debunk eight habits often associated with wealth and explain why they can backfire if not approached with the right mindset.
1. Always "Investing in Yourself" Without a Plan
While self-improvement is crucial, throwing money at courses, seminars, and certifications without a clear strategy can drain your finances.
Example:
Sarah spent over $10,000 on online courses promising six-figure incomes but never implemented what she learned.
Insight:
True millionaires invest in targeted learning that aligns with their goals. Aim for actionable knowledge, not just motivational hype.
2. Networking Without a Purpose
We’ve all heard the phrase, “Your network is your net worth.” But aimless networking can waste time and money.
