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Morgan Housel says most money mistakes come down to ignorance — here are his 3 top habits to level up your wealth
Yahoo Finance·2025-10-05 12:00

Core Insights - Real financial success is more about everyday decisions than flashy indicators of wealth [1][2] - Many financial mistakes stem from a lack of awareness rather than intelligence [2] Group 1: Financial Awareness - A significant portion of Americans, 42%, avoid checking their bank account balances due to fear of what they might find [3] - Regularly checking bank accounts can help individuals understand their income and spending patterns [4] - Developing the habit of daily account checks can reveal patterns such as unused subscriptions and impulse purchases [5] Group 2: Personal Financial Management - Financial management is not a one-size-fits-all approach; individuals often follow inherited financial scripts that may not suit their circumstances [5]