There is a difference between being broke and being poor
Being broke has everything to do with the amount of assets you own versus the amount of money you owe (debt). You can do something about that: Spend less than you make and eliminate your debts, and when you start to have more money than debt you are no longer classified as “broke”.
Being poor is more about your perception of life as it pertains to money, or the lack thereof. When I used to think like a poor person I didn’t see the balance statement of my own finances, I saw what others had and thought of how it effected my life. The funny thing is that someone else’s job, car, or even their tax bracket didn’t have anything to do with me being broke. I thought like a poor person.
Top 10 Things Poor People Say
- Easy payments
- Holds its value
- Good debt
- I wish they would…
- Fair Share
- Give Back
- When I hit the lottery…
- Where’s my bailout?
What are you going to do about it?
A “poor me” attitude will cause you to go broke and looking for ways to get something for nothing or using “Other People’s Money” will keep you there. And here is what is really cool: If you were to stop borrowing money today, at some point you will have paid off all your debts and become debt free – automatically! You already have a debt free date, so being broke is temporary.
Do what it takes to stop being broke and you will stop saying things poor people say.
Want to hear my remix of Dave Ramsey reading “10 Things We Say That Keep Us Broke”? Click on picture below.
Warning: This is self-serving and self-promoting, but it is kinda fun!