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Stop Being Broke Now | Real Estate Investing | Blog
How to fix your money problems
Your financial issues are fixable if you:
- Take your money seriously
- Stop unnecessary consumerism
- Stop making and defending your bad decisions.
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You are broke because of you
You are broke because your financial decisions were not the best, in the past.
This not about winning the lottery or landing in a high-paying job. Just by changing your behavior, this situation can be fixed.
How to fix your money problems
Your financial issues are fixable if you:
- Take your money seriously
- Stop unnecessary consumerism
- Stop making and defending your bad decisions.
The broke leading the broke
A majority of people are broke, actually. We are not taking our money seriously, and just living paycheck to paycheck. We are doing it because there are so many like us, around us, doing the same.
Consumerism
Lifestyle expenses and rampant consumerism, heavily advertised to us, are making us more and more broke, year after year.
We tend to buy expensive things on credit, because we think our lifestyle has to look good no matter how are finances are in reality.
Plug this hole and a majority of the problem is solved.
Responsibility and sacrifice
Many people think that if they don't have enough money, they are broke. In reality, they have a car, a nice house, a big TV, and good clothes. They just need to correct their way of spending and not buy things they don't really care about.
Be responsible in your spending, and avoid lifestyle traps.
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The Ostrich
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This becomes a problem when you’re spending for a life you can’t afford. It puts pressure on your budget and encourages you to live in a paycheck to paycheck cycle.
Assess your financial situation, cut back on your expenses, prioritize your money goals, and then come up with a new spending plan.
Budgeting Without a Purpose
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When there isn’t one, your budget becomes an afterthought rather than a spending plan to reach your financial goals.
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