How To Stop Being Broke By Taking Action

It’s one thing to be broke in your 20s, but still being broke in your 30s and 40s with no end in sight? That's gotta to suck!

What sucks even more is getting paid and being broke on the same day.

But there is a way out of this no-money nightmare, and you can begin your escape from crushing debt right now. To get out of this mess requires a bit of mental shift. The most important thing is that you know you can change things if you think differently and do differently. You have to stop doing what you’ve always done before, because it obviously isn’t working.

To make the change you will likely have to give some things up, but more likely you will become more conscious about what you spend your money on. Keep reading and get ready to take back the control of your money.

You Need to Look at the Big Picture
To manage money well, you must make good decisions. To make good decisions, you need accurate info on your spending and it’s really hard to do that if your debt, savings, and investments are all over the place. You can either get yourself a traditional financial planner or do it yourself. Whatever you decide on, make sure it's a system that will keep tabs on your income, expenses, investments all in one place so that you can get an overview of your net worth, cash flow, spending and investments allocation.

You Don't Need Everything
There is a big difference between looking like you have money and having money. Buying things on debt won't make you happy and those things do not define who you are. Now, I'm not saying that all spending is bad. Spending is fine, as long as it's budgeted for and you can afford it. So, take stock in the things of the things you already have. You probably have enough right now to be happy. If not, find out the things that truly make you happy. Remember, true happiness can never be found in possessions and if your spending habits are putting you in debt and harming your life then it’s not worth it.

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Only You Can Solve Your Problems. 
The only thing that’s holding you back from being wealthy is you. It’s not the government or where you live, it’s you. You need to stop blaming other people for your miseries. Living a life where you constantly allow yourself to feel like a victim, hopeless like everything bad is always happening to you exclusively all the time is not fun. It's not other people's job to make you happy. That's on you.  John Burroughs said: “You can get discouraged many times, but you are not a failure until you begin to blame somebody else and stop trying.” The more you play the blame game, the more you lose. 

Investing Can Help Your Financial Situation
Ask Warren Buffet. I mention him because his strategy has always been simple - invest in what you know and understand. And his advice has worked for so many people. Remember, every day that goes by without investing is another day you’re not building wealth. I’ve learned that if you want to invest to make a quick buck, that’s kinda self defeating. You should invest for the long-term and keep investing. If you are new to investing, go into something simple, automated and easy.

Stop feeling helpless, and instead break out from this broke state so you can live a life aligned with your purpose and legacy. Because, if not now, when?