Luxury Traps: Expensive Habits That Hinder Wealth Building

Use code TAEKIM at the link below to get an exclusive 60% off an annual Incogni plan: https://incogni.com/taekim Timecodes: 0:00 - Intro 0:28 - The "Quiet Luxury" Overspend 2:16 - Hyper-Personalized Everything 3:55 - Try Incogni 5:57 - Believing Expensive Equals Effective “Self-Care” 7:32 - Personalized Beauty & Grooming Regimen 8:32 - Overspending On Experiences For "The Gram" 9:57 - Justifying Spending With "Free" Rewards 11:23 - Luxury Equals Quality Fallacy 13:11 - The "Bigger is Always Better" Trap 15:02 - Chasing Exclusive Investments 16:30 - Investor Type Quiz 17:17 - Gifting Lavishly and Frequently 18:35 - Hosting Lavish Social Gatherings ► Get Your Free Customized Investing Plan: https://www.financialtortoise.com/quiz-investortype ► The Financial Tortoise Community: https://www.financialtortoise.com/community ------------ FAVORITE TOOLS: ► Mint Mobile - https://trymintmobile.com/financialtortoise ► SoFi - https://sofi.com/tae ► Shortform - https://shortform.com/taekim ► Squarespace - https://squarespace.syuh.net/financialtortoise ► Empower - https://personalcapital.sjv.io/financialtortoise ► Monarch Money - https://monarchmoney.sjv.io/financialtortoise LINKS: ► Get My Weekly Newsletters: https://www.financialtortoise.com/newsletter ► Favorite Books: https://www.financialtortoise.com/bestbooks DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.