No Position or Reduced Position Amid Tariff Uncertainty?
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
4 Bad Money Habits That Derail Your Finances
Many people struggle to gain control of their finances. If you're trying to get your money on track, but still feel like you're barely staying above water, it could be a sign that you're holding onto some bad habits. Financial recovery often starts with a closer look at how you're managing your money on a daily basis. From emotional spending to mismanaging credit, certain behaviors can sabotage even the most well-crafted financial plans. Learn More: Find Out: GOBankingRates asked the experts to share the most common pitfalls they see in clients, and how these habits, if left unchecked, can lead to mounting debt, missed savings opportunities and long-term instability. If you're serious about rebuilding your financial foundation, you can start by breaking these four bad money habits. Unchecked Spending Habits 'One of the most common disruptors I've seen in clients' financial plans is unchecked spending tendencies,' said Shirley Mueller, finance expert and founder of VA Loans Texas. She said emotional spending, which includes buying things out of boredom, stress or peer influence, can quickly derail progress, even if the individual has the best intentions. 'Purchasing items outside of one's price range, whether it's a luxury car or an extravagant vacation, puts undue strain on finances and can lead to a cycle of debt,' she said. 'In my experience, those who fail to create and stick to a realistic budget are often surprised at how much small, unnecessary purchases add up over time.' She noted that a lack of awareness about where money is going is the foundation of many financial setbacks. This habit will keep you from saving for a rainy day or funding your retirement savings account. Kevin Shahnazari, founder and CEO of FinlyWealth, agreed. 'Making emotional purchases during stressful times derails budgets. I've seen customers rack up thousands in credit card debt during difficult life events.' As a solution, Shahnazar suggested that 'creating a 24-hour rule for nonessential purchases helps prevent impulsive spending decisions.' Read Next: Failure To Track Daily Expenses Along the same line as the above, Shahnazari explained that not tracking daily expenses can lead to financial blindness. The first step in a budget recovery is assessing when, where and how much of your money is leaving your bank account each day, week and month. 'Many of my clients don't realize they spend $15-$20 daily on coffee and lunch until we analyze their transaction data,' he explained. 'That daily coffee habit often amounts to $300-plus monthly that could go toward debt repayment or savings.' Credit and Loan Mismanagement Misusing credit cards and loans is another habit Mueller said frequently undermines financial improvement. One of the fastest ways to spiral into debt and out of financial stability is to take on debt with high interest rates without making the monthly payments in full and on time. 'Carrying high credit card balances not only increases interest payments but also harms credit utilization ratios, a key factor in maintaining a strong credit score,' she said. 'I've worked with individuals who only pay the minimum balance, unaware of how this practice causes debt to balloon over time.' Additionally, she said not fully understanding loan terms — whether it's a high-interest payday loan or a car loan with hidden fees — leads to financial stress. 'It's necessary to treat credit as a tool, not an extension of income, and to approach all borrowing decisions with careful analysis and foresight,' she explained. Shahnazari agreed. 'Treating credit cards like extra income creates a dangerous debt spiral,' he said. And Shahnazari has seen many bad credit habits firsthand. 'When I review customer data at FinlyWealth, I notice people often use credit cards to maintain lifestyles they can't afford. This habit typically leads to carrying balances and paying hundreds in interest charges monthly,' he said. 'The most dangerous financial habit I see is using credit cards as a lifestyle subsidy rather than a payment tool — it creates a false sense of affordability that inevitably leads to crushing debt.' Prioritizing Spending Over Saving According to Mueller, 'Lifestyle inflation, or increasing spending as income grows, is one of the stealthiest threats to financial stability.' She's often seen clients achieve significant pay raises, only to find themselves in the same precarious financial situation due to upgraded homes, cars and lifestyle choices. 'Meanwhile, neglecting to save, whether for emergencies, retirement or specific goals, leaves people vulnerable to financial crises and unprepared for the future,' she explained. 'I always emphasize the importance of building a safety net before pursuing lifestyle upgrades.' She said avoiding these habits and prioritizing consistent saving, mindful spending and responsible borrowing are essential to achieving lasting financial growth. 'Failing to build an emergency fund makes people vulnerable to debt,' Shahnazari said. 'Without savings, my customers often resort to high-interest credit cards or predatory loans when unexpected expenses arise. I recommend saving at least three months of living expenses, even if it means starting with just $50 per month.' Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 How Much Money Is Needed To Be Considered Middle Class in Your State? 10 Genius Things Warren Buffett Says To Do With Your Money This article originally appeared on 4 Bad Money Habits That Derail Your Finances
Bloomberg
18 minutes ago
- Bloomberg
It Sure Looks Like a Balance Sheet Recession in China
By and Joe Weisenthal Save Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord, where you can hang out and talk with us and with other listeners 24/7.
Entrepreneur
20 minutes ago
- Entrepreneur
How to Rewrite the Mental Scripts That Limit Your Potential
Even top-performing executives are held back by silent internal scripts — learn how to spot them, rewrite them and lead with renewed clarity and confidence. Opinions expressed by Entrepreneur contributors are their own. Executive pressure has never been higher, and neither has the silence. CEOs today are navigating complex, fast-changing markets while projecting absolute certainty. But behind the boardroom polish, many are quietly wrestling with a deeper challenge: the inner belief that they're not enough. I must have all the answers. I'm too technical to lead. I'm not the kind of leader they expect. These thoughts rarely make it into headlines or investor calls, but they shape behavior, stifle confidence and quietly limit growth. The truth is, even the most capable leaders carry these mental scripts. And real leadership transformation begins when they learn to confront and rewrite them. Related: 15 Ways to Drown Out the Destructive Voices in Your Head The hidden cost of invisible scripts During a recent client session, an accomplished CTO admitted to avoiding board presentations. His reason? I'm not the charismatic type. That belief, rooted in an early-career speaking misstep, had become a silent limiter. Despite his deep expertise and required influence on innovation, he let others speak for him when it mattered most. These moments aren't rare. From CEO-peer conversations to our client's executive coaching engagements, I've seen how beliefs forged decades ago can shape behavior for years — until they're challenged. These internal narratives rarely present as loud doubts. More often, they subtly guide behavior, such as declining a stretch role, holding back in meetings and micromanaging instead of delegating. Confidence, then, becomes less about bravado and more about clarity and knowing where your belief system helps you lead and where it holds you back. When mindset becomes the inflection point One of the most impressive executives I worked with, a proven product leader, once confided, I don't present well. Despite leading high-impact initiatives and being trusted across the organization, she consistently declined speaking roles at board meetings. That belief, rooted in one early presentation misstep, had shaped years of behavior. Through coaching, she realized it was a limiting script. We reframed it by focusing on her ability to connect ideas, spark curiosity and distill complex information with clarity. Soon after, she led a product launch presentation that redefined her visibility in the organization. Within six months, she led a new division. Her growth began the moment she challenged the narrative that had quietly shaped her decisions for years. Consider Microsoft under Satya Nadella. When he became CEO in 2014, the company was seen as stagnant and internally competitive. Nadella introduced a growth mindset culture — shifting from "know‑it‑all" to "learn‑it‑all" — by encouraging curiosity, collaboration and openness to failure. That shift in mindset helped fuel Microsoft's rise in cloud, innovation and market leadership. Mindset shifts like this require courage, the kind that doesn't just spot familiar patterns but interrupts them. Executives must slow down enough to question long-held beliefs and consider alternatives that feel unfamiliar but necessary. Related: How Mindset Plays a Role in Your Entrepreneurial Success How limiting beliefs show up in career moments Many otherwise qualified executives self-select out of conversations too early. A 2024 Korn Ferry survey found that 71% of U.S. CEOs experience symptoms of imposter syndrome, a clear reminder that even the most seasoned leaders struggle with self-doubt even after success. While imposter syndrome and limiting beliefs aren't identical, they often overlap. One might sound like: I'm not ready yet. Another: They're going to realize I have no idea what I'm doing. Here's what that can look like in reality: What's the voice in your head saying when you walk into a boardroom? Have you ever dismissed a win because it felt like "luck?" Do you still secretly think someone will find out you're winging it? Have you hit a huge milestone and immediately felt panic, like you were going to blow it? The best leaders treat their careers like strategic assets. They stay open, engage with curiosity and evaluate options based on fit and value, not fear or assumption. And organizations notice. Confidence, rooted in reflection rather than ego, signals coachability, adaptability and readiness to lead. Rewriting the narrative with reflection and repetition Here's the truth: Mental scripts aren't erased overnight. Like grooves in a well-worn trail, they take time to reshape. But there is a process: Name the script. Awareness is the first breakthrough. What belief are you carrying that may no longer serve you? Test its origin. When did you first start believing this? Was it based on one moment, or repeated feedback? Find counterevidence. Reflect on times you succeeded despite this belief and on other limiting beliefs you've overcome in the past. What changed? What support did you have? Reframe with intention. Turn "I'm not strategic" into "I've made strategic decisions — here's what worked." Replace "I can't speak well" with "When I'm passionate, I connect deeply." Reinforce the new belief. Do this through small, visible actions. Speak in a team meeting. Accept the next stretch role. Ask for feedback on your presence — not just your performance. Motivational slogans won't get you there. Rewriting internal scripts requires the same discipline and intentionality as any core leadership strategy. The executives who do this consistently inspire change in themselves and across their teams and organizations. Related: How to Overcome Imposter Syndrome and Tame Your Inner Critic What organizations should look for What signals that a leader is ready to grow? According to Shawn Cole, who helps companies vet and place senior executives, organizations should focus on traits like curiosity, adaptability and openness to feedback. "The ability to self-reflect, ask questions, and seek out coaching are strong indicators that a leader is coachable and ready to move beyond limiting beliefs," he says. Culture plays a major role, too. Coachability often hinges on permission. Leaders grow when they operate in environments that welcome questions and reward feedback. However, culture can either reinforce limiting scripts or help dissolve them. Companies evaluating leadership potential should pay close attention to the following traits: Curiosity: Does the leader ask thoughtful questions, even when answers are uncertain? Resilience: Do they recover and learn after challenges or retreat? Openness: Do they seek coaching and integrate feedback, or deflect and defend? These qualities signal a growth mindset that will outlast technical skills and drive long-term impact. The most powerful leadership growth doesn't start with a new title or strategy. It begins when a leader pauses long enough to question the story they've been telling themselves and dares to write a better one. Sometimes, the real transformation isn't about becoming something new. It's about unbecoming the limitations you no longer need.
