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5 Reasons You Will Always Be Broke

5 Reasons You Will Always Be Broke

Steve Roy | Dumb Little Man

January 24, 2011

Being broke sucks. I’ve had extended periods in my life where I have been living on the edge of financial ruin, so I know how stressful and overwhelming it can be. When you’re broke and hating your job, things are much worse. It’s hard to leave ANY job, regardless of how insanely miserable it is. This is the reason I still need to work at my loathsome job as a financial planner.

Over the last 9 years working in financial planning (and struggling with my own budget), I have seen some commonalities when it comes to people living beyond their means.

Struggling with a job you hate job is hard enough, but when you never seem to have enough money to pay the bills, let alone get ahead, things can be damn depressing. Financial stress is extremely difficult on you, your marriage, and your children. I am speaking from personal experience here.

Getting ahead financially is not especially difficult, even in the absence of a high paying job. It all comes down to your spending habits. It seems so simple; spend less than you earn. In reality though is much more difficult than that.

Our society has taught us how to be greedy, needy, over spenders. In fact, it’s empowered us to be downright irresponsible. We want what we want and then we go buy it! If we don’t have the money, we buy it anyway.

With this in mind, here are the top 5 reasons that you will always be broke:

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