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Mathis urges to exercise discipline, highlighting that impulse purchases divert funds from wealth-building activities. Financial success comes when individuals learn to control impulses, planning their spending and focusing on their financial goals instead of succumbing to momentary temptations.
4. Food and Dining Out
Spending excessively on dining out or fast food is another behavior distinguishing the less wealthy. For many, money spent on convenience or luxury meals cuts into savings or investment funds. Mathis suggests being mindful—enjoying food but doing so within a budget.