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Discover why more money won't solve all your problems unless you work on your mindset first. Learn the power to change your habits, so that money actually can help you solve problems.

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Can More Money Solve My Problems?

✅ Can more money solve my problems? No. That’s the short answer because money is just a tool that affords your quality of life. If you have poor spending habits with a little money, you’ll also have poor spending habits with a lot of money. So unfortunately your financial problems are only going to get bigger. The good news is that you have the power to change your habits, and it all starts with your mindset. Let’s examine how Evander Holyfield, Nicholas Cage, and Heidi Montag went from fortune to misfortune.

✅ World Champion boxer Evander Holyfield took his fair share of punches not only in the ring, but also in life. Despite earning an estimated $230 million over his career, including a $33 million purse for fighting Mike Tyson, Evander Holyfield continues to fight financial collapse. So what went wrong?

✨First was lifestyle. He overspent his money on a lavish lifestyle that was simply not sustainable.

✨Second was gambling

✅ Nicolas Cage was one of the top grossing actors in the 90’s and early 2000’s. He was worth a whopping $130 million from films such as Gone in Sixty Seconds, National Treasure, Snake Eyes and more. Rumor has it that in the year 2009 alone he made $40 million! So what happened?

✨Lifestyle creep, which means the more money he made the more money he spent.

✅ Heidi Montag. This reality TV star got really popular through her role as Lauren Conrad’s best friend turned enemy on the show “The Hills.” She earned most of her fortune from that show over four years, plus her appearances on other reality TV, including “Celebrity Wife Swap.” At the peak of her career, she had accumulated a $10 million fortune. Here’s what went wrong.

✨First, an expensive debut album failed as she attempted to break out in the music business.

✨Second. Lavish spending, including an estimated $1 million dollars on handbags and an additional $1 million on clothes.

✅ Do you notice the pattern? Lavish spending, lifestyle creep, poor spending habits…whatever you want to call it, this is why more money can’t solve your problems. Unless…

✅ …You work on your money mindset to develop good money habits such as keeping a monthly budget, and saving and investing for retirement. The more you can automate these habits and create a money routine for yourself the better.

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