Top 10 Things That avoid Americans and uganda people ( How to Break the Cycle)
What’s Keeping You Broke in Your 20s or 30s
your 20s and 30s are supposed to be exciting. You’ve got dreams to chase, places to see, and maybe even a bit of money to spend. But here’s the catch: this. At JATIN’s Finance, we believe your financial future should be thriving, not surviving.
Trying to Look Rich Instead of Getting Rich
We get it—social media makes it tempting to look like you’ve got it all together. But those trendy clothes, expensive gadgets, and constant nights out? They’re often a fast track to an empty bank account.
What to do instead:
Spend less than you earn, and save the difference. Wealth is quiet. Flashy is often broke.
Swiping That Credit Card Like It’s Free Money
Credit cards can be helpful—but only if you’re responsible. If you’re just making minimum payments and letting the interest pile up.
Fix it:
Use your card like a debit card. Only swipe if you can pay it off in full that month.
Not Having an Emergency Fund
Life has a way of throwing surprises—job loss, sudden repairs, or health issues. Without a financial cushion, many people end up in debt trying to stay afloat.
Your move:
Start by saving at least one month’s expenses. Build it up to 3–6 months over time.
Avoiding Financial Education
If you’re not learning how money works, you’ll keep making the same costly mistakes. Sadly, schools don’t teach this stuff, but that doesn’t mean you can’t learn it yourself.
Level up:
Follow blogs like Jatin’s Finance, read finance books, or listen to money podcasts during your commute.
Waiting Too Long to Start Investing
A lot of people think investing is something you do later.Time is your greatest asset. The earlier you start, the less money you’ll need to invest later.
Start now:
Even a small monthly SIP or mutual fund investment can turn into something big over time.
Spending on Subscriptions You Forgot You Had
A few dollars for Netflix, then a gym membership, a couple of apps, and suddenly you're losing thousands a year on stuff you barely use.
Action tip:
Do a subscription audit every few months. Cancel what doesn’t add value.
Taking Loans for Things That Lose Value
Cars, gadgets, even vacations—if you're financing them through loans or EMIs, you're locking in debt for things that don't appreciate.
A better approach:
Save up or buy secondhand. If you must borrow, do it for assets, not liabilities.
Not Growing Your Income
A lot of people stay in the same job or role for years, never asking for a raise or improving their skills. Meanwhile, inflation quietly eats away at their money.
What to do:
Take online courses, build new skills, ask for that raise, or start a side hustle. Your income should grow with your goals.
Having a Toxic Money Mindset
Thoughts like “I’m just not good with money” or “I’ll always be broke” can keep you stuck. Your beliefs shape your financial reality more than you think.
Flip the script:
Start saying, “I’m learning to manage money better,” and take small steps daily to back it up.
No Clear Financial Goals
Without goals, money has no direction. You spend more impulsively and save without purpose.
The fix:
Set short-term and long-term goals—maybe it’s a dream trip, buying a home, or retiring early. Then align your budget with those goals.
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