Ndubuisi 'Andy' EgwimMoney Coach for Medics|Ex-NHS GP|21+ Yrs Investor| Founder, MoneyWiseDoctor.com|Helping Medics Avoid Big Money Mistakes

More money doesn’t fix poor financial habits—it magnifies them.

25 Feb 2025 · 0 min

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Short excerpt from a YouTube conversation (recorded Feb 25, 2025) in which Ndubuisi 'Andy' Egwim and another speaker discuss money and behavior. Andy’s claim: giving someone more money does not fix pre-existing poor financial habits — it tends to amplify them. The other speaker adds that many people avoid better habits not from inability but from the effort required.

I paid more for that first house in Darlington than I did for £1.2 million worth of property last year.
More money doesn't solve the problem. Most of the time, if you've already got poor financial habits, or poor habits in general, the more money is just going to make it a bit worse.
People think they can't do it, and most people, it's not that they can't. It's such a lot of effort.
I've come across so many colleagues who you see a consultant who is working in private practice and is earning not of £200,000, but is in a lot of deep debt.