the world of finance and Banking? the mistakes people are making day in and day?five of the most commonly overlooked bad habits and tips?

 I've spent nearly a decade navigating

the world of finance and Banking and

I've seen firsthand the mistakes people

are making day in and day out that are

stopping them from becoming rich so in

this article. I wanted to share with you

five of the most commonly overlooked bad

habits and tips on how to break out of

them number one a scarcity mindset

there's this really interesting study

done with a group of relatively low

achieving students they were split into

two groups the first group was the

control group and that group was asked

to together read out loud an article

describing how human memory works and

then later discuss what they learned so

they learned about long-term short-term

memory using repetition the second group

was taught about a growth mindset so

they read and discussed an article about

how learning makes their brain smarter

and discussed how they can apply their

learnings in their school work what they

found was the second group who learned

about the growth mindset showed a

significant increase and effort and

motivation towards their learning

compared to the first group and this

increased motivation had a direct

correlation to improved performance so

the students tracked the results of math

tests for both of these groups after a

year of doing the exercise and the group

that was taught about memory continued

to see their grades decline whereas the

group that learned about the growth

mindset saw the reverse their grades

started to improve it's so easy to blame

external things for why we're not good

at something oh my teacher wasn't very

good at teaching that I don't have the

experience in it I don't have the right

skills to be able to do something and

I'm guilty of this myself but the act of

reframing your mind set to one that is

of abundance and growth just making that

shift it really is the thing that

changes your life's trajectory and what

you're able to achieve every single

person that I know that has acquired a

lot of wealth has this in common an

abundance mindset and the belief that

they can do it knowing that something is

possible makes you much more likely to

go for it and to put in the work to

achieve it than if you think something

is Out Of Reach and success or financial

wealth is something that is reserved for

other people number two skimping on

growth this is something that I did a

lot in my 20s and it's only in the last

few years that my perspective in paying

for education has completely changed

because before I had this mentality that

everything is available on the internet

for free so why should I pay for further

education or learning when I could just

take the time out to learn those things

myself without having to pay for it so

when I started my YouTube channel I had

no understanding or background in

anything creative I didn't know how to

work a camera let alone anything about

editing or social media and at the start

of my YouTube Journey I'll spend days

hours weeks on end trying to figure out

one small thing and how it works I

remember wanting to make the color

grading of my articles. look a bit sharper

and Polished and I read another

article on how to do it and I

think it was Joshua mayor's on how he

edits his article because I love the way

his articles looked really high production

and so I just tried to copy it I tried

to copy what he did not realizing that

that article was for people who actually

have some sort of basic understanding of

how an editing tool works and so I tried

my best I got it completely wrong and

for week my articles looked like

they were recorded in the ' 80s in a

black and white scale and I couldn't

figure out how to fix it what I should

have done was just buy a course that

would teach me how to edit from a to zed

and I don't want this to sound

disingenuous because of course here I am

on YouTube selling courses now suddenly

talking about how courses are important

and it sounds typical but I can honestly

say that in the past year the biggest

category that I've spent money on after

all my needs have been met is courses I

even bought a course that's helped me

with my social skills and that is the

level of which I pay for Learning and

Development now everything you want to

learn or anything you want to solve or

any part of you that you want to develop

don't skimp out on it because it's only

going to cost you in other ways and to

really grow and build wealth you need to

keep investing in your learning and

education number three doing it all

yourself I saw a motivational quote the

other day that read Beyonce has the same

24 hours in the day that we do great

quote except it missed the fact that our

24 hours aren't the same and she has the

ability to Outsource pretty much

everything that she could possibly think

of and she has a team to run it all

although we definitely don't have the

same 24 hours that she does we can

however find ways to achieve more in

less time because you don't have to do

everything yourself anymore and for

almost everything I've realized that

there is some sort of free tool or

system that can help you do the thing

that you need to faster and better that

brings me very nicely to a tool that I

use on a daily basis and that is Gramm

who are very kindly sponsoring today's

article to a report by fors we

spend on average 88% of our work week

communicating and written communication

takes up the largest amount of time in

that so whether it's writing a

persuasive email writing an important

document preparing a presentation or a

pitch written communication plays a huge

part in every aspect of our working

lives and so the ability to do it well

and to do it fast can be an absolute

GameChanger gramly AI is a tool that I

use on a daily basis and it's a writing

partner that helps you write better and

faster unlike any other platform or app

that I've come across the features for

grammarly integrate across everything it

checks my emails as I write them on

Gmail and it can rephrase things to make

it sound a certain way I'm so used to

writing as if I still have a fancy

banking job so I love that it can help

me tone that down when I need to or if I

want to make it sound more persuasive it

will help me do that as well while still

staying true to my style it also helps

me come up with ideas as I write my

scripts it gives me ideas for captions

on my social media posts anything that

involves writing it can help with in

just one click the best bit is that all

of these features I mentioned are

completely free so you may as well try

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gram.com

Nisha next we have relying on being

physically present there's a quote from

Warren Buffett that goes if you don't

find a way to make money while you sleep

you will work until you die it's a bit

extreme but it's true the whole idea is

that to Achieve Financial Independence

or Financial Freedom which is ultimately

what so many of us strive for we need to

create systems or have Investments That

generate income without the need for us

having to continue to work this concept

is very different from what most of us

are familiar with we're used to thinking

that we need to spend 40 Years of Our

Lives working and then rely on our

retirement funds to live out the

remaining years but instead of going

down that route if we could look at our

active income sources and think how can

I turn this into something that won't

require me to be physically present or

at least not so involved in 5 or 10

years time then that is a way we can

start thinking about how to make our

money work for us whilst we sleep now at

the start of your career this is a lot

harder to do and most if not all sources

of income require either a lot of time

or a lot of money but then after that

depending on how you play your cars and

what you focus on after the initial

stages that will then dictate your path

to financial Independence when it comes

to running a business for instance a

really good book that I recently reread

for the second time is the emth

Revisited which talks about how if you

don't set up the systems in your

business you you're always going to be

working for money and needing to be

physically present when it comes to

investing Buffett's investment

philosophy is centered around the idea

of buying and holding a diversified

portfolio of high quality companies that

can grow over time effectively making

money without the need for constant

involvement with the income sources that

are coming into your life right now

think about how can I use this as

leverage to set myself up in a way where

I don't need to rely on being physically

present to have that income coming in

number five the garden hose there think

of your attention and energy like a

garden hose when the nozzle is tightly

controlled and directed at a single

point the water flow is really strong

and it can effectively nurture the plant

it's aimed at over time that is like

focusing your energy on a few selected

tasks it leads to effective results and

productive outcomes if you start poking

holes along the hose to water multiple

plants at once the water pressure drops

the more holes you add the weaker the

stream becomes for each task until

eventually there's not enough water

pressure to be useful for any of the

plants and that's the equivalent of

saying yes to too many commitments your

energy and attention get spread too thin

and nothing gets the full focus and

needs to actually Thrive with so many

opportunities out of fingertips so many

new ideas so many things to try it's

tempting to say yes to everything that

comes our way thinking that if we don't

do everything we're going to miss out

but really doing this will just slow us

down you don't need to grasp every

single opportunity that comes your way

you don't need to try 100 things all at

once in the hope that one of them picks

up it's a lot more important to have

specific strategic Focus so those are

five things that you need to stop doing

to become rich this year thanks for

reading if you enjoyed thesearticles

you'll enjoy this article over here on six

habits that made me six figures by 24

thanks for reading and see you there.