Why do most broke people stay broke no matter what happens to them?

My Mentor always says, being broke is a situation, being poor is a mindset.

People can have a great mindset, believe that they can and will make it in the end and work hard to get there, but in the current moment they’re broke. They haven’t got much money, but the money they do have they use to develop their skills and explore ways to get out of their situation, while living on a strict budget.

Then you get people who are poor in their mindset. They’re not just broke in a current moment. They’re broke, and they don’t believe they can pull themselves out of that situation. Their mindset is getting in their way, thinking that there’s someone or something getting in the way of their succeeding.

They think they will never do it, and will never look to change themselves in order to get out of the situation they are in.

Now, the thing is, that broke or not – most people are poor in their mindset. It’s not because most people aren’t any good, it’s because we’re trained into that mindset from a very young age. You have to work hard to understand it’s wrong and that you own your successes and failures.

So just like everyone else, most broke people have a poor mindset, so most of them stay broke. But you can find people who were broke their entire lives, but they had a positive mindset and broke out of their broke situation.

You can do it too.

hope that helps

Jon

Published by Jon Kahn

Accountant and financial mentor based in Swansea, Wales. A contrarian who believes you should try to achieve your dreams by taking control of your life rather than reacting to them. Financial diets rarely work, so we believe in doing things differently.

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