About this episode
This week, Sim breaks down 7 quiet money traps that cost you thousands a year from hoarding cash instead of investing to chasing fashion trends, FOMO stocks, and overspending on housing. She explains how living beyond your means, relying on credit cards you can’t clear monthly, and falling into the comparison trap sabotage wealth. You’ll get simple fixes like building an emergency fund, dollar cost averaging into broad index funds, curating a timeless wardrobe, and focusing on your own goals so your money actually grows.
Watch on YouTube | Somnipods 3
More from Friends That Invest:
Stock Market Tea build financial confidence in under 5 minutes a week. Join 140,000+ investors in training
Instagram | TikTok | X | Facebook
Hosted on Acast. See acast.com/privacy for more information.
Get every episode summarized
Each time Friends That Invest publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Friends That Invest
Why I’m Moving to New York + Your Biggest Money Questions
Friends That Invest
Why I Stopped Chasing Material Things | Financial Minimalism
Friends That Invest
11 Splurges That Are No Longer Worth the Money (as a woman)
Friends That Invest
I Tried To Time The Market, This Happened (Learn From My Mistake)
Friends That Invest