15 Ways to Stay Broke in 2023 (And How to Avoid Being Broke)

Sick of being broke and feeling like a potato? 

Quit sputtering nonsense to yourself about being destined for poverty. 

You too can have a fat bank account, and I’ll show you how to get there by first addressing the root cause of your poverty mentality. 

Let’s peel back the layers and get to the meat of the matter!

Why Am I Destined to Be Broke?

Let me start by saying this: You have the power to change your financial situation. 

This guide is not just another generic list of money-saving tips like “spend less money on your gym membership”, it’s a roadmap to help you understand why you may be struggling financially and offer you practical solutions to overcome those challenges.

Wealth is not an exclusive privilege reserved for a select few; it’s an attainable goal for anyone with the right mindset. 

If you’re currently struggling with finances, it’s likely because you’re not thinking like a wealthy person. 

The good news is that you have the power to shift your mindset and start building a prosperous future. 

Here are 15 common reasons why you are still a brokie and how to avoid being broke to unlock your full wealth potential.

#1 Start Tomorrow

Delaying important tasks with the excuse of starting them tomorrow can lead to missed opportunities and hinder progress toward financial stability. 

To stop putting things off, you need to act now and set goals you can reach. This will help you build momentum toward a secure financial future. 

Rather than waiting for the perfect time, taking small steps toward your goals every day can build consistency and discipline.

#2 Read Books

Even though reading books can teach you useful things, it’s not enough to make a big difference in your finances. Implementing what you’ve learned is where the real value lies. 

Overcoming this requires taking notes while reading and creating an actionable plan based on the information you’ve learned.

This will help you put the information into practice and make progress toward financial stability. After the books you can find additional ways to learn high income skills.

#3 Take Advice From Brokies On How To Get Rich

Let me put it like this:

Would you rather get advice from Uncle Joe, who has worked at the supermarket for 25 years, or from that guy you follow on Twitter who started a million-dollar business when he was 19?

That’s what I thought. 

Then why do you keep listening to bad advice? 

Get out of your comfort zone and start talking to people who are doing well financially. You’ll be surprised at how many people will respect your big balls for reaching out to them.

#4 Pick a Spouse Who Makes You Feel Guilty About Working

Having a partner who makes you feel guilty about working or making money can hinder progress toward financial stability. 

Communication is key in any relationship, and it’s important to have a partner who supports your goals. 

To get past this, you and your partner need to talk honestly about your financial goals and how important it is to support each other’s goals.

#5 Fail once, quit forever

Failure is a normal part of learning, and it can teach you important lessons and give you new ideas. 

If you give up after one setback, you might miss out on opportunities and make it harder to reach financial stability. 

Think of it this way: 

Imagine setting a goal for yourself to lose that stubborn belly fat and committing to a plan to reach that goal. 

You work hard for two months, but you only lose 10 pounds instead of the 22 you had hoped for. 

In that moment, you have a choice to make: do you give up and revert to old habits, or do you double down and keep pushing forward until you achieve your desired outcome? 

Remember, setbacks and obstacles are a normal part of the journey to success, but with resilience and determination, you can overcome them, which will help you reach your goals.

You need to have a growth mindset and see failure as a chance to learn and get better. 

Learning from mistakes and trying again will lead to success in the long run.

#6 Blame Your Circumstances

Remember, you are not a victim of circumstance when it comes to your financial situation. While external factors may play a role, ultimately it is up to you to take control and steer your finances in the direction you desire. 

It’s time to shift your mindset from blame to empowerment by taking responsibility for your financial decisions and focusing on what you can do to improve your situation. 

With perseverance and determination, you can overcome any obstacle and achieve financial stability. 

#7 Blame Other People

Putting the blame on other people for our money problems is not helpful and can slow down our progress toward financial stability. 

Overcoming this requires taking responsibility for your actions and focusing on what you can do to improve your financial situation.

#8 Expect The Government To Save You

If you only depend on government programs for your long-term financial security, it can be hard to become truly financially independent and can limit your options. 

To overcome this, it’s important to take control of your finances, work hard, and practice self-discipline. 

By making a solid plan for getting your finances in order, you can set yourself up for a successful future.

#9 Value The Opinion Of Others

Even though it’s important to ask for advice, putting other people’s opinions above your own can cause you to make bad financial decisions. 

You have to trust your own judgment and make decisions based on your own goals and values to get through this.

#10 Complain

Complaining about your money doesn’t help, and it can make you feel bad, which can slow your progress toward financial stability. 

To fix this, you need to focus on solutions and take steps to improve your financial situation. Take financial action is possibly the best way in how to avoid being broke.

#11 Think The World Is Fair

Life isn’t always fair, and thinking it is can make you feel like a victim, which makes it harder to get ahead financially. 

Overcoming this requires accepting that life is not always fair and focusing on what you can control to improve your financial situation.

#12 Avoid Discomfort

Avoiding discomfort can result in missed opportunities for growth and progress towards financial stability. 

To deal with this, you need to get out of your comfort zone, take calculated risks, and be open to new things.

No risk = no reward!

#13 Tolerate Mediocrity

Tolerating mediocrity means settling for less than what you’re capable of achieving. 

This can lead to a lack of motivation, missed chances, and a financial situation that stays the same. 

Overcoming this requires setting high standards for yourself and striving for excellence in everything you do. 

Focus on getting better skills and learning more to make yourself more valuable on the job market. 

Take calculated risks and accept challenges to get out of your comfort zone and reach your full potential.

#14 Make Promises, Break Promises

Making promises you can’t keep is a sure way to lose trust, credibility, and opportunities. 

This can mean missing out on opportunities and hurting your reputation, which can make it harder to get to a place where you are financially stable. 

Overcoming this requires being honest and transparent about what you can and cannot do. 

Don’t make commitments you can’t keep, and if you do, take responsibility and make things right. 

To improve your reputation and increase your chances of success, focus on building trust and always doing what you say you will do.

#15 Wait For The Perfect Conditions

If you wait until everything is just right, you won’t do anything until then. 

This can mean missing out on opportunities and not getting closer to financial stability. 

To fix this, you have to act even though things aren’t perfect. Set goals that are realistic and make a plan to reach them, even if it means taking small steps at first. 

Focus on gaining speed and taking steady steps toward your goals. 

Don’t stop making progress because you’re afraid of failing or being bad at something. 

Remember, progress is better than perfection.

What is poverty anyway?

Poverty is like being dirt poor – so broke that you can barely afford the basics like food, shelter, and clothes. 

You know you’re in the poverty club if you make less dough than a certain amount (which varies per country). 

But don’t worry; even if you’re not that down and out, it’s still helpful to know where the rock bottom is so you can start climbing the money ladder.

How can knowing why I am poor help me get rich?

Believe it or not, knowing why you’re broke can actually be a good thing. 

It can give you the motivation you need to make changes in your life, like learning to budget, save, invest, or acquire new skills.

It can also help you understand your own thoughts and feelings about money, which might be holding you back from achieving financial success.

And if you’re able to see poverty from a broader perspective, it can also make you more compassionate and aware of the struggles faced by others. 

This, in turn, can inspire you to take action and be part of efforts to reduce poverty and inequality.

The Grand Finale…

Congratulations! You’ve just learned the top 15 reasons why you’re not swimming in riches. 

And guess what? 

They all have one thing in common: they can be fixed with a simple shift in your mindset.

So if you tackle these 15 problems like a boss, you’ll be raking in the big bucks faster than you can say “cha-ching!” And this is how to avoid being broke.

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