This Is Why You Have No Money (An Accountant’s View)

Published 2025-06-11, 08:24 a/m
Updated 2025-06-11, 08:24 a/m

Are you tired of being stuck in the paycheck-to-paycheck trap? Working hard but feeling like you’re never getting ahead? You are not alone, and this video is your first step toward breaking the cycle for good.

As an accountant, I see people make the same well-intentioned but damaging financial mistakes over and over. In this step-by-step guide, we’re exposing the 8 most common traps that keep people from building wealth and providing you with the practical, actionable solutions to achieve financial freedom starting today.

In this video, we break down how to fix:

  • Paying yourself last and how to build an emergency fund with High-Yield Savings Accounts.
  • Relying on high-interest credit card debt and how to tackle it with the avalanche or snowball method.
  • Flying blind with your finances by not tracking income and expenses.
  • Letting "lifestyle inflation" eat up your raises and bonuses.
  • Common expensive habits (shopping, eating out) and how to curb them.
  • The myth that saving alone builds wealth and why investing is crucial.
  • Overpaying on taxes and how to use tax-advantaged accounts.
  • The risk of a single income source and how to build multiple streams.

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