15 Mistakes Beginners Make When Trying to Build Wealth

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00:00 - Intro
00:45 - They think it’s all about cutting costs and saving
01:59 - They ignore their
bank balance when
they’re stressed
02:57 - They start off
with too many goals
04:00 - They sacrifice things
that make them happy
in the name of saving
04:55 - They compromise
on quality to avoid
spending more
05:53 - They only make
money from their
main job
06:45 - They put pressure
on themselves with
a short timeline
07:48 - They underestimate
daily miscellaneous expenses
09:07 - They think
they’ve failed when they blow their budget
10:23 - They don’t realise that impulsivity is one of the main enemies of wealth-building
11:47 -- Making wealth-building
a side focus instead of a
core one
12:41 - Expecting other people
to understand their motivations
13:30 - Not doing proper research into their investments
14:05 - They don’t have
a strong enough “why”
14:37 - Telling themselves
that they’ll start tomorrow

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