9 Money Habits That Keep You Broke
The Martell Method w/ Dan Martell
Dan Martell
4.9 • 626 Ratings
🗓️ 2 May 2025
⏱️ 18 minutes
🧾️ Download transcript
Summary
>> Get The Book (Buy Back Your Time): https://bit.ly/3pCTG78
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Every day, you’re making a choice: stay broke or build wealth.
And it all comes down to habits.
In this episode, I’m breaking down the 9 money habits that keep people stuck and struggling—some I learned the hard way going from broke at 24 to millionaire at 27, and others I’ve seen destroy the finances of people around me.
If you’re ready to break free and start building real wealth, start here.
Transcript
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| 0:00.0 | Every day you choose if you'll be rich or broke in the future. And it all comes down to habits. |
| 0:05.8 | I'm going to share with you the nine money habits that are keeping you broke. Some of these I learn |
| 0:10.0 | going from broke at 24 to millionaire at 27. And some are what I have observed in people I know |
| 0:16.0 | that just can't seem to get ahead. Welcome to the Martel method. I went from rehab at 17 to building a $100 million |
| 0:22.2 | empire and being a Wall Street Journal bestselling author. In this podcast, I'll show you exactly how to build a |
| 0:28.4 | life and business you don't grow to hate. My bestselling book, Buy Back Your Time is out now. |
| 0:34.0 | Grab a copy at buybackyourtime.com or at any of your preferred online retailers. |
| 0:38.9 | Starting with habit number one, taking advice from broke people. If they don't have what you want, |
| 0:45.0 | don't do what they do. You should only get advice from people who are where you want to be. |
| 0:49.4 | You would never take workout tips from an overweight fitness coach. Why would you listen to a broke financial |
| 0:55.6 | advisor? Why would you listen to your parents that have never done the thing you want to do? I'm not saying |
| 1:00.2 | be rude about it. I'm saying be careful who you ask for advice from. So here are the three types of |
| 1:05.1 | people you should be getting advice from. The first are mentors. These are people who have succeeded |
| 1:10.1 | in the thing that you want to go do. |
| 1:11.6 | There are folks that can act like a guide to the big decisions. See, I always say mentors are the people you turn to instead of your parents. |
| 1:17.6 | Number two are coaches, specialists with deep, deep expertise in the area you want to be in successful in. |
| 1:23.6 | If somebody was an Olympic athlete, you would say, well, who are you coaching with based on their ability to help other people just like them get to the Olympics? You want to find the |
| 1:32.2 | people that have the blueprint for success to help you get rich. Three is peers. People on a similar |
| 1:38.0 | journey. These are ideally people that are like one to two years ahead of you because they'll bring |
| 1:42.4 | you the certainty that you're making the right |
| 1:44.3 | decision for what's working in the market today. Everybody else take their feedback with a grain of salt. |
| 1:49.8 | I'm not saying plug your ears, but I'm just saying you can listen politely and then ignore their |
... |
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