This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Which is why most people will always be broke
I used to be completely broke and hoped people would pay for things, so I wouldn’t have to utilize my limited resources. That all changed relatively quickly after graduating college, though. No, I didn’t graduate with the most valuable degrees, but I knew how much money I desired to make. Hence, I made it happen, and it’s been a wrap ever since.
Multiple income sources have been a constant in my life – even when I was broke. Even if one job brings in a hefty amount of cash, it still doesn’t mean you should maintain that one source of income. Always have more than one; this will keep:
Options multiplying
Money flowing your way
Your net worth positive
Your debt to income ratio is non-existent or zero
You CAN’T lose having multiple income sources.
Debt Is Optional
All the bullsh*t debt (i.e., credit card debt, car notes, unnecessary student loans, and overpriced mortgages) is optional; you don’t need any of this stuff, perse. Society teaches us that we do, though. Remember, if your debt isn’t working for you, it’s working against you.
Investing is the opposite. When you invest in a start-up car company, your money works around the clock for you. When you invest in a car, your money sits on tires in a parking lot or garage. Who will be able to afford the most cars in the long run? The person who is investing in cars, not financing them.
What Is Being Broke?
Being broke is having a negative net worth, running behind on your bills, living paycheck to paycheck, not being able to afford your necessities, having to compromise on essential product quality (i.e., food), and relying on someone else to support you financially.
Most people remain broke all their lives. I could’ve remained broke all my life, but I decided to educate myself and move differently. It’s not about the money; it’s about what money can do for you and others you will have the opportunity to impact along your life journey.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.