{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":300,"width":600,"title":"7 Poverty Mindset Traps Holding Property Investors Back | Tom Corley","description":" Could you be earning a good income, owning property and still operating with a poverty mindset?   Could beliefs you absorbed as a child be quietly limiting how much wealth you build today?   And why do some people break free from financial hardship while others repeat the same patterns from one generation to the next?   My guest today, Tom Corley, spent years studying the habits and thinking of wealthy and financially struggling people, and what he discovered may make you reconsider some of your own beliefs about money.   Stay with us because, before we finish, Tom will help you identify the warning signs of a poverty mindset and give you practical ways to replace them with the habits and beliefs that support financial independence.   Tom and I discuss how childhood conditioning can shape money beliefs, habits, and emotional decisions for years.   We unpack the difference between victim thinking, entitlement, and the mindset wealthy people use to keep moving forward.   Tom shares practical ways to replace limiting patterns with wealth-building habits, gratitude, responsibility, and self-awareness.   Takeaways    \u2022 Money beliefs formed in childhood often control adult financial decisions. \u2022 Spending every dollar can become a survival habit that blocks wealth. \u2022 Closed minds stop learning, which creates blind spots in money decisions. \u2022 Victim thinking encourages inaction by making people feel powerless. \u2022 Entitlement mindset can exist in both inherited wealth and hardship. \u2022 Frugal peer groups help saver-investors stay disciplined and avoid lifestyle creep. \u2022 Wealth grows faster when people accept responsibility for their own outcomes. \u2022 Gratitude improves mindset and supports better long-term financial choices. \u2022 Social media comparison fuels envy by hiding debt and sacrifice. \u2022 Tracking daily habits reveals patterns that can be inverted into growth.   Links and Resources:   Answer this week\u2019s trivia question here - https:\/\/www.PropertyTrivia.com.au\/ \u00b7        Win a hard copy of Michael Yardney's and Tom Corley\u2019s Book \u2013 Rich Habits, Poor Habits \u00b7        Everyone wins a copy of a fully updated property report.   Michael Yardney   Get the team at Metropole to help build your personal Strategic Property Plan. Click here and have a chat with us.       Get Tom Corley\u2019s regular money tips here: https:\/\/richhabits.net\/tips-articles\/   Get a bundle of free reports and eBooks: www.PodcastBonus.com.au   Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher \u2013 just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.   About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia   Success in property investment isn\u2019t just about numbers - it\u2019s about mindset, behaviour and decision making.   In The Michael Yardney Podcast, we explore the psychology of wealth, the habits of successful investors, and how to think strategically during uncertain market conditions.   Regular topics include: \u2022 Psychology of money and wealth\u2022 Investor behaviour and market cycles\u2022 Rich habits vs poor habits\u2022 High performance mindset\u2022 Risk management thinking\u2022 Decision making under pressure\u2022 Long-term investing discipline\u2022 Overcoming fear in property markets\u2022 Building wealth through strategy, not speculation   If you want to avoid common investor mistakes and develop the mindset required to build lasting wealth in Australia\u2019s property market, this podcast is for you.   More resources at:https:\/\/propertyupdate.com.auhttps:\/\/metropole.com.au ","author_name":"Property Investment & Wealth Creation Australia | The Michael Yardney Podcast","author_url":"https:\/\/michaelyardneypodcast.com.au","html":"