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You know, John, over the years, we talk a lot about habits of the wealthy.

Dave's always said, you want to be wealthy, do what wealthy people do.

You want to be broke, do what broke people do. That's normal.

So I thought it would be fun to go through some of the actual habits so that people can identify where they're at.

Whether or not they feel broke or feel wealthy, if you do these habits, you probably fall into these categories.

You ready for this?

So here's what broke people do.

Payday loans.

We see these in zip codes with lower incomes. You see these payday, they look like old pizza huts a lot of the time. There's title max and payday loans. These are some of the worst. The interest rates when you actually do the math are astronomical and it keeps people in a cycle of debt with these short term crazy high loans. Interest rates average 400%. So it keeps them chained. Title loans is another one. We mentioned that. High interest loans that require your car as collateral because you have the title of the car. Buy here, pay here car lots. You've seen the we tote the note. That's never a good sign. Cash advance. That's another short-term high-interest loan against expected income. Are you seeing a theme here?

Rent to own. So again, they go, well, I'll at least be paying towards something, but most of these

have crazy hidden fees, and it might sound like a good idea, but it preys on people who have poor

credit and can't come up with the money. And then finally, the lottery. This is known as a tax on the poor. It's a regressive tax. And if you look at who's playing

the lottery, it's not people making $100,000. It's people who can barely afford to cover the bills,

and they're hoping, with false hope, this is going to be their ticket out. So it sounds like here,

it's a, like what you just described, if I was to like put a theme over it is desperate I got to get through today it's desperation just got to get through this afternoon yeah right and if you are constantly waking up on

a treadmill of I got to get through this afternoon I got to get through this afternoon there's

plenty of people out there are ready to pray on you yeah but here's the deal most people fall into

this next category which is average okay normal And here's what average people do.

They chase credit card rewards.

How many times have we gotten this call?

Well, I really, you are spending so many brain calories chasing these rewards, and the

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