that the rich people avoid and that unfortunately

poor people, middle class people have.

And what I found out

was that wealth, success, being in the middle class,

being poor, is all about your habits.

Emotional purchases. These are, "Oh! I love that

beautiful red dress or that cute sport car"

and you make this emotional purchase, and often times

it causes you to go into debt if they're a big purchase.

But if not, then you are depleting your savings

account and your checking account.

Spontaneous purchases are also a poor habit.

That's something the rich avoid.

Well, this is the very reason why at the checkout counters

they have all of these goodies for people to buy.

The retailers know that the human brain works off

of impulse many times and they'll make this

spontaneous purchase and they add up

and they could really cause a lot of damage.

You want to spend modestly.

One of the smartest things you can do is to

purchase a modest house in a modest neighborhood.

This means you're not only got to have

a lower mortgage, you're going to have

lower real estate taxes, you're going to have lower utility cost,

lower home repairs.

One good decision like that, and it has a ripple effect

throughout your spending.

So those are a couple of the bad habits to avoid.