5 reasons this is why im broke

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5 reasons you are always broke

• By Coach Alexander
• TopTier4You

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Introduction

• Its the end of the month again and somebody just
  got paid. Its usually a great feeling knowing
  that cash from somewhere just hit your bank
  account waiting to be spent. However, just a few
  minutes later after looking at the bank statement
  reality creeps it. Your once beautiful salary is
  slashed with the loan you have to pay, the home
  bills you have to take care of, the maintenance
  bills and all those other crazy bills.
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• Life is unfair sometimes isnt it? its no wonder
  sometimes even the best of people cant just bear
  it anymore. Ofcourse, some people have it a
  little easier than others but if you want to talk
  about how things are generally, a lot of people
  are struggling to make ends meet. Being broke
  certainly isnt cool, but it doesnt mean it has
  to be that way always. But before we even go into
  understanding why many of us today are just broke
  most times, lets try to understand what being
  broke is anyway?

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Being Broke

• Being broke simply means you just not having any
  money. There are things you want to buy for
  yourself sometimes but you always search your
  wallet only to find there is only dust. It
  doesnt mean that people who broke dont actually
  work you might be surprised that some actually
  have good paying Jobs. But here is the truth,
  being broke always happens at some point in a
  persons life. Now we go to the juicy part, Why
  are we always broke?

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5 Reasons we are always brokeHere are 5 reasons
we are always broke and for each reason there is
a possible solution to that problem.
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(1) Your Budget

• Remember that example of somebody who just got
  paid and his bank account becomes empty that same
  time? Well, thats how it is for most people. We
  have too many bills to take of. We have to pay
  for rent, we have to pay for the loan (if we have
  one), we have to pay for those piano classes,
  extra lessons and all those other stuff. When it
  comes to our budget, we obviously have an idea of
  how our monthly expenditure will look like. But
  here is the thing, whether you knew this or not
  whenever we are planning to spend there are
  always those essential elements and none
  essential elements in a budget. What are we
  talking about? When we say the essential elements
  we are talking about those expenses you cant just
  do without such as rent, electricity,
  communication, fuel e.t.c however the none
  essential elements include those items you can do
  without at least for some time. What items are we
  talking about? Well items like going to parties,
  or eating out often or going to watch a movie or
  buying luxurious things. I bet you know where
  this is heading already dont you?

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The Solution???
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Continued

• If you want to avoid being broke you have to get
  rid of some expenses you do monthly out of your
  income. As an individual you are never going to
  get rid of the essential expenses because your
  need them, but you are going to get rid of the
  none essentials. You need to ask yourself these
  important questions when deciding which one to
  let go of. Do I really need to spend this amount
  of money on this item monthly? Can I do without
  this item for some time? Cutting down on spending
  for none essentials would certainly go a
  milestone into ensuring that you are not always
  broke. Easier said than done, but that is just
  how reality it.

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(2) You are an Impulse Spender

• Whether somebody gets a good salary or not, he
  has to avoid making spending decisions based on
  impulse. What is impulse spending? Well its the
  kind of spending whereby immediately a person
  sees something in the store which he/ she likes,
  without even thinking about the implications of
  buying that item he/she just buys the item. Its
  alright to make such decisions on small less
  expensive items assuming that it is done
  moderately. However, if you do it on really
  expensive goods which you were never prepared to
  purchase in the first place then you might just
  find out that being broke will always be part of
  your life.

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The Solution???
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Continued

• When you want to make important purchases, make
  sure you think things through before actually
  getting an item for yourself. You dont want to
  buy something and months down the line you regret
  having gotten the item because now you are broke.
  When you see an item you like ask yourself these
  questions. Can I afford it? Do I really need it
  at this time? Can it wait until another time?
  Easier said than done, but thats just how it is.

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(3) You dont save

• I know how it is, nobody likes saving and not
  even i. But the beauty about saving money is that
  a person can save any amount that he wants. He
  can start small and see his money grow over time.
  The best way to save is to have part of your
  monthly income put in savings account.
  Alternatively, you could save that hardcore cash
  in your own home. However, the only trouble with
  saving money at home is that if you are not
  financially disciplined you might just find out
  that accessing money will become too easy. I
  prefer the bank.
• Ofcourse the culture of saving money is just
  something we all have to cultivate. Its just
  like learning to ride a bicycle. You might fall
  down many times but the time will come when you
  will actually be able to ride the bicycle with
  ease. I am one person who believes that saving
  should be enjoyable.

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The Solution??
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Continued..

• Start saving your money by putting aside some
  amount of money out of your hard earned income
  today

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(4) You dont have wide Income Streams

• Having wide income streams simply means having a
  wide array of sources of income that finance your
  budget. Most people usually have one source of
  income, few have 2 sources and very, very few
  have many sources (usually the rich). The
  advantage of having a wide source of income is
  that if one of these fails then the other can
  help finance your budget. Ofcourse many know that
  the only drawback to this is that you might just
  have to invest more time to acquire the
  additional income. Some people opt to get a
  second job, which I usually dont like myself.
  But thats just the sad reality, if a person
  doesnt have many sources of income, then he will
  be always broke. Establishing additional sources
  usually takes time and effort but once they are
  established, then you are better positioned.
•  

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The Solution??
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Continued..

• I would recommend starting your own business.
  Easier said than done right? Well sometimes there
  are things you just have to do in order to solve
  a problem. Take employment for example, people go
  to work in order to earn an honest days living.
  But believe it or not, some of these people dont
  enjoy going to work everyday. In fact they would
  rather have something else to do rather than put
  their energy into something they never enjoy. So
  why do people go to work? Not because they want
  to but because they have to.
• It goes the same with having a side business. If
  your monthly income is not enough, you just have
  to find a way to supplement your low monthly
  income. You can either cut home expenditure or
  find a better job or start your home-based
  business. Starting your home-based business is a
  better option. You see here are some pointers as
  to why a starting something at home is a best
  option compared to the other two. First of all,
  cutting home expenditure is a painful especially
  if you are already strained with expenses.
  Secondly, if you are looking for another job
  usually that is a time consuming process which in
  most cases could have a 50/50 chance of success.
  But when it comes to business, you dont
  necessarily need a lot of money to start you just
  need an idea.

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Continued

• Once you have an idea and an idea thats proven
  to work, then rest assured whatever little
  resources you ve acquired you can invest in a
  home based business. What home-based businesses
  are there? BINGO!! The Internet business. Havent
  you heard that people are earning a living online
  and right from home? If they are doing it so can
  you. Here is a video I usually like to share to
  my visitors of a person who is actually earning a
  living online. You can follow this link.
  https//goo.gl/sttiSm
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• If you liked what you see and would like to learn
  more click here. http//goo.gl/R0r61e

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(5) Your Mindset

• If you think you re always broke then you will
  always be broke. Its all in the mind. You see
  folks, if you always see yourself as somebody who
  is on the lower end of the economic scale, you
  will always be on the lower end. Why? Whatever
  activity you do will be the kind that wont take
  you anywhere because thats how you have
  programmed your mind. But if you see yourself as
  somebody who is one day going to be earning an
  income with some money to spare, then whatever
  you do will be tailored towards achieving that.
• If you are broke today, you have to change your
  mindset into believing that it will not always be
  like that. As soon as your mindset changes the
  actions you start taking will fall into place. It
  all begins from there. The mindset plays a huge
  role into the way you do things. You will become
  a better saver of money, a better person in the
  way you do things and a better person in the way
  you do everything.

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The Solution???

• Seat down, relax and then think through about
  whatever it is happening in your life right now.
  Dig into your mind and throw away all those
  negative thoughts. Push in the positive ones and
  start to really dispel all that being broke
  stuff. We are not saying you shouldnt tell the
  difference between fact and fiction but train
  your thoughts to have a positive outlook. Get
  into action, start making things work today.

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Thank You!TopTier4You