5 Common Money Habits Keeping You from Financial Success

#PersonalFinance #MoneyHabits #BuildWealth #BudgetingTips #SavingMoney #InvestingForBeginners #FinancialFreedom #CPAAdvice #DebtPayoff #MoneyManagement #RetirementPlanning #HighYieldSavings #EmergencyFund #CreditCardDebt #FinancialLiteracy

If you’ve ever wondered why you’re not building wealth as quickly as you’d like, this video is for you. As a CPA with over 25 years of experience in accounting, finance, and money management — advising high-income earners, entrepreneurs, and public figures — I’ve seen firsthand the bad money habits that hold people back from achieving financial freedom. In this episode, I reveal the 5 most common money mistakes that keep people stuck: being house poor, not having an emergency fund, paying yourself last, using credit cards for everyday expenses, and failing to track income and expenses. You’ll learn personal finance tips to improve cash flow, follow the 28% housing rule, build a high-yield savings account, pay yourself first, avoid high-interest debt, and use budgeting apps like Mint to stay on track. Whether you’re looking to get out of debt, save more, invest for retirement, or simply master your money management skills, this video will give you actionable steps to achieve long-term financial success. Perfect for anyone interested in budgeting tips, saving money, investing, debt payoff strategies, and building wealth in 2025 and beyond.

00:00 Introduction and Background

00:53 Bad Money Habit #1: Being House Poor

02:33 Bad Money Habit #2: No Emergency Fund

04:03 Bad Money Habit #3: Paying Yourself Last

05:21 Bad Money Habit #4: Using Credit Cards for Everyday Expenses

06:41 Bad Money Habit #5: Not Tracking Income and Expenses

07:51 Conclusion and Final Thoughts

🔔 Subscribe for more tips and strategies tailored for business owners and high earning professionals.

On this channel, Stephen Lee shares proven strategies to help high earners, business owners, and professionals keep more of what they make, minimize taxes, and build lasting wealth.

Whether you’re optimizing your S-Corp, investing smarter, or managing 1099 income, this channel gives you the tools to make confident money moves — backed by real client experience.

Subscribe for smart, actionable advice — and take control of your financial future.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.