Correcting impulsive spending early helps develop strong financial habits that support long-term stability and smart money management. It instills the discipline needed to resist unnecessary purchases, making it easier to save for meaningful goals and investments, allowing you to build wealth that generations after you will benefit from. Without these skills, impulsive spending can lead to debt and financial stress that become harder to manage later in life.

 

Listen now to learn how to overcome impulsive spending and the three deep questions you have to ask yourself to do so! 

 

Key Talking Points of the Episode

 

00:00 Introduction

01:10 Question 1: What happens if you continue this cycle?

03:45 How can letting the cycle continue impact your future?

06:50 How can you work with the Budgetdog Academy team?

09:30 What impact did impulsive spending habits have on us in 2008?

12:52 Question 2: Why do you feel that way?

15:28 What are the most common reasons for impulsive spending?

17:33 Why is it important to understand the real cause of impulsive spending habits?

19:27 How will your spending habits impact generations after you?

21:17 Why do you need to take action to change your spending habits today?

23:23 How did changing my mindset set us up for financial success?

27:37 How did our financial habits help us prepare for difficult situations?

33:41 What is the benefit of changing your spending habits early in life?

 

Quotables

 

“The pain of staying the same isn’t as bad as the pain of change.”

 

“If you don’t change your financial habits, you’re essentially signing up for a lifetime of being a slave to your job.”

 

“Boring wins when it comes to building wealth—discipline and consistency over flashy purchases.”

 

Links

 

Budgetdog Academy

www.budgetdogacademy.com

 

The Roadmap to Financial Freedom

https://www.amazon.com/Roadmap-Financial-Freedom-Millionaires-Automated/dp/1394217242