Two People Earn $80K for 20 Years. One Gets Rich. Here's Why скачать в хорошем качестве

Two People Earn $80K for 20 Years. One Gets Rich. Here's Why

Two Canadians earn $80,000 for 20 years. One builds $800,000 in wealth. The other builds almost nothing. Same income, completely different outcomes — and the difference comes down to 10 specific habits. I'm Toyin, a CPA and financial planner here in Canada. In this video, I break down the research-backed habits that separate wealth builders from those who stay stuck, no matter how much they earn. If you're in your 40s or 50s and feel behind on your retirement savings, this video is for you. These aren't extreme changes — they're small, consistent habits that compound over time. And it's not too late to start. ⏱️ TIMESTAMPS: 0:45 - Habit #1: Present Bias (Why we choose now over later) 1:30 - Habit #2: Financial Avoidance (The ostrich effect) 2:15 - Habit #3: Mental Accounting (The "bucket trap") 3:00 - Habit #4: Lifestyle Inflation (The silent wealth killer) 3:45 - Habit #5: Status Signaling (Visible vs invisible spending) 4:30 - Habit #6: Peer Anchoring (Keeping up with the wrong crowd) 5:15 - Habit #7: Neglecting Human Capital (Why skills matter) 6:00 - Habit #8: BNPL & High-Interest Debt (The $164K mistake) 6:45 - Habit #9: Ignoring Health-Wealth Connection 7:30 - Habit #10: Hoarding vs Strategic Generosity 8:15 - Where to Start: Pick Your Two Habits 📊 RESEARCH USED IN THIS VIDEO: Laibson (1997) - Harvard research on present bias and hyperbolic discounting Thaler (1985, 1999) - Nobel Prize work on mental accounting Federal Reserve (2022) - U.S. household savings rate studies Financial Health Network (2022) - Buy Now Pay Later impact research Health and Retirement Study (HRS) - Health-wealth bidirectional relationship Dunn & Norton (2008, 2014) - Prosocial spending and happiness research 💡 KEY TAKEAWAYS: ✓ Small habits compound into massive wealth differences over time ✓ You don't need to be perfect — start with 2 habits that resonate most ✓ It's never too late to change your financial trajectory ✓ These habits work regardless of your income level ✓ Evidence-based strategies backed by behavioral finance research 📌 WHO THIS VIDEO IS FOR: This video is especially helpful if you: Feel behind on retirement savings in your 40s or 50s Earn good income but don't have much to show for it Want evidence-based financial guidance (not get-rich-quick schemes) Are ready to make changes but don't know where to start Want to understand the psychology behind wealth-building ❓ QUESTIONS FOR YOU: Which of these 10 habits resonated most with you? And which 2 will you commit to changing first? Let me know in the comments below — I read every single one. 📚 ABOUT CPA MONEY MENTOR: I'm Toyin Okezie-Mba, a Chartered Professional Accountant and Financial Planner in Canada. On this channel, I share clear, calm, and practical financial guidance to help Canadians build wealth and retire with confidence — even if you feel like you're starting late. No judgment. No shame. Just evidence-based strategies that actually work. 🔔 SUBSCRIBE for weekly videos on Canadian retirement planning, investing, RRSPs, TFSAs, CPP, OAS, and wealth-building strategies for your 40s, 50s, and 60s. ⚖️ DISCLAIMER: This video is for educational and informational purposes only and should not be construed as financial, investment, or tax advice. Every financial situation is unique. Please consult with a qualified financial professional before making investment decisions. Past performance does not guarantee future results. © 2025 CPA Money Mentor. All rights reserved. #RetirementPlanning #WealthBuilding #MoneyHabits #FinancialPlanning #RRSP #TFSA #CanadianFinance #CPP #OAS #InvestingForBeginners #RetirementSavings #MoneyMindset #CPA #FinancialFreedom #WealthMindset