March 16, 2026 

8 Wealth Killers That Millionaires Avoid at All Costs 

Lots of investors and entrepreneurs self- sabotage their wealth, not with giant mistakes, but with quiet, toxic habits. 

Sponsored by

The first one is to rely on only one income source. No job is 100% safe, especially if you don’t really know what’s going on with the actual business or company. Relying on one single paycheck puts your future entirely in the hands of a company or a boss. This gives you the least amount of control over your future. The solution is to build three to five streams of income like investments, side businesses, real estate to create stability and accelerate wealth growth. If you don’t know how and you feel a bit overwhelmed, don’t worry. You just start with one. But 65% of self-made millionaires have at least three streams of income. 

Number two: treat taxes like a punishment. Taxes will be the biggest expense of your life. You will work till April or May to pay the tax collector first. Most people view taxes as a bill that takes their money away. The wealthy view the tax code as a road map that rewards certain behaviors like starting a business, investing, or saving for retirement. These are all things that are embedded into the tax code. And as boring as it may be to look at, the secret to a lot of investing is sitting in the tax code. The strategy is to use legal deductions like business expenses, benefit from lower capital gains rates, and take advantage of tax-deferred retirement accounts. The entire job here is not necessarily to make more, but it’s to keep more. 

Number three: consuming before creating. Most people spend the best and most energetic hours of their day consuming low-value entertainment – scrolling, binge-watching, and similar distractions. Instead, change the order of your day. Start your morning by working on income-generating activities like building a business, planning investments, or creating content. In the morning, your energy and focus are at their highest. Use that time to create value, not just consume it. Then later, consumption can become a reward, not a distraction that drains your time and attention. 

Number four: avoid talking openly about money. The problem is, most people avoid talking about money. They view it as awkward, rude, or they fear judgment. But the wealthy, they talk about their investments, their strategies, and their mistakes with trusted peers. That’s the only way that you’re going to learn. You need to learn by failure. We’ve all failed. We’ve all lost money. And the best way to avoid losing money is to ask: “How did this work out for you?” And put it all on the table and talk about it openly. Research shows that open discussion leads to better ideas and uncovers more and more opportunities. 

Number five: just focus on income, not on net worth. The mistake is that income is not wealth. High earners can still live paycheck to paycheck with debt. Because the minute you make a little bit more, you upgrade your car, you upgrade your lifestyle, you upgrade your house, it never ever gets better. The true measure is to focus on your net worth, which is assets minus liabilities, and of course, your active and passive income. The change is prioritizing investments like index funds, rental property down payments over quick depreciating purchases like the latest iPhone or car upgrades or those kinds of things. You need to really pay attention to things that depreciate and things that don’t, things that provide cash flow and things that don’t. This is the difference between active and passive income. 

Number six: avoid all debt. Now, the distinction is not all debt is bad. There’s good debt and there’s bad debt. So, good debt is money borrowed to acquire assets that increase in value or generate income. Things that other people pay off. So, things like a mortgage for cash flowing rental property or a business loan. These are very important types of leverage that you would use. But only if somebody else pays it off or a business is paying it off. The opposite of that is using debt and buying assets that depreciate. So eventually, your debt could actually be higher than the asset is worth. The key is controlling your debt by knowing the cost and ensuring the investment returns more than just the interest rate. 

Number seven: viewing money as a status symbol. The middle-class trap is chasing a lifestyle that looks successful – country clubs, nicer cars, bigger houses. But the wealthy think differently. They focus on financial freedom, not appearances. They prioritize cash flow and value creation. They make smarter financial decisions and invest in assets that create opportunities and generate income. Then, once those assets are working for them, that’s when they might buy the nicer car or the bigger house. So the key is simple: focus on assets, not trinkets. Let your wealth grow quietly by keeping your lifestyle below your income. 

And number eight: trade time for money forever. The default here is getting paid for hours worked. And the problem here is that income stops the moment you stop working. This is a trap. Work is essentially a claim on your time. And money should be used to replace that so you have more time. The transition is to work hard initially, save, then flip the equation by making the money work for you. This is slower, it’s not as flashy, it’s calculating, it’s strategic, and it’s definitely a longer term plan. The goal is to build passive income streams in your investments, your assets, and your businesses. You want to generate money even when you sleep or when you’re on vacation. So, you want to move from being paid for hours to being paid for value. 

The eight habits we explored aren’t just mistakes, they are real wealth destroyers. 

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Knowing when to retire is harder than knowing how much to save. The timing depends on what your retirement actually looks like: how long your money needs to last, what you’ll spend, and where your income comes from. 

When to Retire: A Quick and Easy Planning Guide is built for investors with $1,000,000 or more who are ready to move from saving to planning. Download your free guide and start working through the details. 

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March 16, 2026 

8 Wealth Killers That Millionaires Avoid at All Costs 

Lots of investors and entrepreneurs self- sabotage their wealth, not with giant mistakes, but with quiet, toxic habits. 

Sponsored by

The first one is to rely on only one income source. No job is 100% safe, especially if you don’t really know what’s going on with the actual business or company. Relying on one single paycheck puts your future entirely in the hands of a company or a boss. This gives you the least amount of control over your future. The solution is to build three to five streams of income like investments, side businesses, real estate to create stability and accelerate wealth growth. If you don’t know how and you feel a bit overwhelmed, don’t worry. You just start with one. But 65% of self-made millionaires have at least three streams of income. 

Number two: treat taxes like a punishment. Taxes will be the biggest expense of your life. You will work till April or May to pay the tax collector first. Most people view taxes as a bill that takes their money away. The wealthy view the tax code as a road map that rewards certain behaviors like starting a business, investing, or saving for retirement. These are all things that are embedded into the tax code. And as boring as it may be to look at, the secret to a lot of investing is sitting in the tax code. The strategy is to use legal deductions like business expenses, benefit from lower capital gains rates, and take advantage of tax-deferred retirement accounts. The entire job here is not necessarily to make more, but it’s to keep more. 

Number three: consuming before creating. Most people spend the best and most energetic hours of their day consuming low-value entertainment – scrolling, binge-watching, and similar distractions. Instead, change the order of your day. Start your morning by working on income-generating activities like building a business, planning investments, or creating content. In the morning, your energy and focus are at their highest. Use that time to create value, not just consume it. Then later, consumption can become a reward, not a distraction that drains your time and attention. 

Number four: avoid talking openly about money. The problem is, most people avoid talking about money. They view it as awkward, rude, or they fear judgment. But the wealthy, they talk about their investments, their strategies, and their mistakes with trusted peers. That’s the only way that you’re going to learn. You need to learn by failure. We’ve all failed. We’ve all lost money. And the best way to avoid losing money is to ask: “How did this work out for you?” And put it all on the table and talk about it openly. Research shows that open discussion leads to better ideas and uncovers more and more opportunities. 

Number five: just focus on income, not on net worth. The mistake is that income is not wealth. High earners can still live paycheck to paycheck with debt. Because the minute you make a little bit more, you upgrade your car, you upgrade your lifestyle, you upgrade your house, it never ever gets better. The true measure is to focus on your net worth, which is assets minus liabilities, and of course, your active and passive income. The change is prioritizing investments like index funds, rental property down payments over quick depreciating purchases like the latest iPhone or car upgrades or those kinds of things. You need to really pay attention to things that depreciate and things that don’t, things that provide cash flow and things that don’t. This is the difference between active and passive income. 

Number six: avoid all debt. Now, the distinction is not all debt is bad. There’s good debt and there’s bad debt. So, good debt is money borrowed to acquire assets that increase in value or generate income. Things that other people pay off. So, things like a mortgage for cash flowing rental property or a business loan. These are very important types of leverage that you would use. But only if somebody else pays it off or a business is paying it off. The opposite of that is using debt and buying assets that depreciate. So eventually, your debt could actually be higher than the asset is worth. The key is controlling your debt by knowing the cost and ensuring the investment returns more than just the interest rate. 

Number seven: viewing money as a status symbol. The middle-class trap is chasing a lifestyle that looks successful – country clubs, nicer cars, bigger houses. But the wealthy think differently. They focus on financial freedom, not appearances. They prioritize cash flow and value creation. They make smarter financial decisions and invest in assets that create opportunities and generate income. Then, once those assets are working for them, that’s when they might buy the nicer car or the bigger house. So the key is simple: focus on assets, not trinkets. Let your wealth grow quietly by keeping your lifestyle below your income. 

And number eight: trade time for money forever. The default here is getting paid for hours worked. And the problem here is that income stops the moment you stop working. This is a trap. Work is essentially a claim on your time. And money should be used to replace that so you have more time. The transition is to work hard initially, save, then flip the equation by making the money work for you. This is slower, it’s not as flashy, it’s calculating, it’s strategic, and it’s definitely a longer term plan. The goal is to build passive income streams in your investments, your assets, and your businesses. You want to generate money even when you sleep or when you’re on vacation. So, you want to move from being paid for hours to being paid for value. 

The eight habits we explored aren’t just mistakes, they are real wealth destroyers. 

SPONSORED CONTENT

Are You Ready to Actually Retire?

Knowing when to retire is harder than knowing how much to save. The timing depends on what your retirement actually looks like: how long your money needs to last, what you’ll spend, and where your income comes from. 

When to Retire: A Quick and Easy Planning Guide is built for investors with $1,000,000 or more who are ready to move from saving to planning. Download your free guide and start working through the details. 

Download your free guide.

Update your email preferences or unsubscribe here

© 2026 Think Media 

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Dear SmartTrader,

Ryan Jones here.

If you’ve ever felt like the market moves on a “hidden calendar”… you’re not imagining it.

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The AI Metals Trade Is Moving – This One’s Still Quiet

AI may be digital.

But the materials behind it are physical.

Copper for data centers.
Nickel for batteries.
Titanium for aerospace and defense.

Copper recently pushed to record highs. Nickel projections are strengthening. Governments are emphasizing domestic supply.

One U.S. explorer controls exposure to all three – and more – at a time when demand is accelerating.

If critical mineral momentum continues, early positioning can matter.

Some cycles begin exactly this way.

This is the age of physical assets, not digital assets.

Meet the U.S. microcap advancing critical assets >

Just For You

Just Buy It? Barclays Thinks Nike Is Ready to Run

By Jeffrey Neal Johnson. Publication Date: 3/12/2026. 

Key Points

• NIKE’s strategic reset in North America is proving successful, with a revitalized wholesale channel signaling renewed confidence from retail partners.
• The company’s innovation pipeline is accelerating, with exciting new footwear and apparel platforms set to fuel the next phase of its market recovery.
• Following a period of underperformance, Wall Street analysts now see significant upside potential in the stock as the company’s turnaround gains traction.
• Special Report: Every morning, an AI ranks 357 stocks for you (From TradingTips)

For months, investors have watched Nike, Inc. (NYSE: NKE), a titan of the consumer discretionary sector, struggle to find its footing — testing the patience of even its most loyal shareholders. The stock’s persistent underperformance has been a dominant storyline. Now a catalyst has sent a clear signal: a decisive Overweight upgrade from Barclays has injected fresh optimism, suggesting the tide may finally be turning. That external validation echoes CEO Elliott Hill’s characterization of Nike as being in the “middle innings” of a comeback — executing a strategic recovery rather than only beginning to address its problems.

The Comeback’s Home-Field Advantage

Before a global comeback can take hold, a company must first win at home. For Nike, the latest financial results from its North American segment provide compelling evidence that the turnaround is real. The region posted 9% revenue growth in the second quarter, driven chiefly by a 24% increase in wholesale revenue.

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This is more than a single data point; it shows the recovery has a firm foundation. That wholesale growth reflects a strategic channel reset away from the previously stronger direct-to-consumer emphasis. By re-engaging key retail partners, Nike is better managing inventory and reaching a broader customer base.

Strong wholesale performance also signals the painful period of excess inventory is largely behind Nike. Retail partners are not only clearing old stock but are confidently placing larger orders for new products.

Management has reinforced this view with commentary about an improving order book for the upcoming spring and summer seasons.

That operational improvement is translating into better financial outcomes. With less excess inventory to clear, Nike is running fewer promotions and seeing stronger demand at full price. For investors, that combination — a healthy wholesale channel plus full-price demand — is the core formula for sustainable revenue growth and a recovery in gross margins.

From Inventory Cleanup to Innovation Rollout

With retail channels reset and shelves ready for new product, the focus turns to what will drive the next growth phase. Nike’s Sport Offense — a strategic framework to accelerate athlete-centered innovation — is intended to do precisely that. The company is positioned to supply partners with exciting, higher-margin products that helped build the brand.

Early results are encouraging:

• Running on all cylinders: Performance running, a core segment, has grown by more than 20% for two consecutive quarters — a sign Nike is regaining share with a steady flow of newness. New models such as the Structure 26, a stability shoe aimed at enhanced support, are resonating with consumers.
• Apparel’s next advance: Nike plans to debut its AeroFit platform — described as “air conditioning for the body” — in national team kits, bringing tangible performance technology to a huge global audience during the World Cup.
• Basketball bounces back: Consumer excitement is returning to basketball, with strong sell-through for signature shoes and a positive reception for launches like the GT Future, which are driving traffic to retailers.

Perhaps the most concrete indicator of renewed product strength is partner confidence: bookings for the upcoming World Cup are up nearly 40% versus the 2022 event. That suggests Nike is shifting from selling more to selling better — a change that supports improved profitability.

Taking the Winning Formula Global

North America offers a blueprint, but investors remain focused on well-publicized headwinds abroad, particularly in Greater China and within the Converse brand. Those challenges should be seen as the next phase of a now-proven turnaround. Management has acknowledged the difficult results in Greater China, where revenue fell 17%, and has responded with a concrete plan: new leadership reporting directly to the CEO for faster decision-making, targeted investments in key-city retail, and a pivot back to innovation-led, premium positioning rather than competing on price.

Pressure on gross margins has been a major concern. Yet CFO Matthew Friend offered a reframing: excluding the external impact of tariffs, Nike’s underlying gross margins are already expanding. That suggests the core business is healing and profitability is improving as the company executes its plan.

A Discount on a Blue-Chip Rebound

Valuation is the final piece of the investment puzzle. Nike’s stock has had a tough run — down roughly 12% year-to-date and about 25% over the past year. Much of that underperformance reflects the inventory reset and the known challenges in China, creating what many analysts view as an attractive entry point.

The current Wall Street consensus price target for Nike is $74.90, implying more than 30% upside from current levels. On a forward price-to-earnings ratio of 27.33, the stock trades at a valuation that anticipates a meaningful earnings rebound.

The argument is straightforward: since the market has largely priced in the negative news from the Converse reset and the multi-quarter timeline for China’s recovery, continued progress in North America and early signs of stabilization internationally could prompt a re-rating as investors begin to price in the turnaround’s success.

Lacing Up for the Next Leg of Growth

The Barclays upgrade looks like more than a fleeting headline; it is external validation of a recovery that is beginning to show up in the numbers. North America provides clear proof of concept, and a rejuvenated innovation pipeline is supplying the fuel. The stock’s current valuation may present an opportunity.

While the global turnaround is still in the middle innings, the critical phase — resetting the core market — is largely complete. Investors will be watching Nike’s third-quarter earnings reporton March 31 for continued margin improvement and any signs of stabilization in China. Those results will be key indicators that this comeback is not only on track but beginning to hit its stride.

Thank you for subscribing to Insider Trades Daily, which covers the most recent insider buying and selling activity from Wall Street CEO’s, CFO’s, COO’s and other insiders.

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Dear Member,

There’s been no better investment on the planet this past decade than Bitcoin. 

Not gold …

Not bonds …

Nothing. 

Over the last ten years …

Bitcoin’s returns have more than doubled that of gold, real estate and stocks …

COMBINED.

A simple $1 investment in Bitcoin when it first traded seventeen years ago …

Would be worth more than $100 million dollars. 

That’s enough to make your head spin. 

It might give you a serious case of FOMO. 

But …

Before you rush to move your retirement plan into Bitcoin …

Hoping for these types of gains …

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A seismic shift is reshaping the crypto landscape. 

Money is flowing out of Bitcoin …

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And it’s all happening at a rapid pace.

Presenting investors with an amazing opportunity.

To find out more about this huge development, click here.

Chris Hurt
Host, Weiss Ratings

P.S. Juan Villaverde has called every bull and bear market in crypto since 2012. 

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To within days.

As a matter of fact …

He’s sitting on four different gains of more than 1,100% on Bitcoin.

But now …

He’s saying it’s time to invest in another crypto.

To find out what it is, click here.Follow us: 

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