10 Reasons Why Most Broke People Remain Broke

10 Reasons Why Most Broke People Remain BrokeHave you ever questioned why most broke people remain broke?

Here are 10 Reasons Why Most Broke People Remain Broke or in their life.

The is a list of bad behaviors, mistakes, and ideologists that people fall into that keep them from achieving success. 

You might have been in touch with people who suffer from all of these reasons or you might have been doing yourself one of these lately.

One word… CHANGE!

Change is a must if somehow you are practicing one or more of these 10 Reasons Why Most Broke People Remain Broke.

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The 10 Reasons Why Most Broke People Remain Broke are:

Reason 1 – They embrace the pay check to pay check lifestyle

10 Reasons Why Most Broke People Remain Broke

Most people around the world work for someone else. In itself that is already a tough task to make money (more than just surviving).

There are only two jobs where you can make real money if you work for someone else:

1) Working in a job that gives you a high earning commission

2) Working in the investment banking industry and can leverage off of a huge company’s asset

Other than that if you really want to make money you need to have your own business.

I am not saying that you need to quit your job right now immediately.

Never do that!

There are other options like network marketing that you can do starting on the side that costs less than your iPhone to start.

Network Marketing is a booming industry and once you learn the skills needed you can leverage that to earn a residual income.

Reason 2 – They are uncomfortable with words like ‘Sales’ and ‘Marketing’ 

10 Reasons Why Most Broke People Remain Broke

We are ‘Salespeople’… did you know that?

When you go to a work interview, what do you do?!?

You SELL yourself to get the job.

So stop whining about it.

You either are selling or being sold.

You may not sell products but you must have the ability to sell yourself and your concepts.

You do not need to become a hard-core salesperson, but you have to learn how to become an effective persuader so you can share ideas, visions, and concepts with other people, so they can invest in you.

If you are able to sell your vision people will follow you because you can show them the value.

As it says in the Bible… “Without vision people perish”.

Reason 3 – They are lousy at business

10 Reasons Why Most Broke People Remain Broke

I started my business after 13 years working as a chef being overworked and underpaid.

I didn’t have the business skills that I have today but I was eager to learn so I was coachable and made myself a student to learn.

If you do not have the business experience there is nothing to be ashamed of.

No one is born with business skills.

Follow someone (a mentor) who have what you want and do the exact same thing.

Reason 4 – They try to reinvent the wheel

10 Reasons Why Most Broke People Remain Broke

Poor people always try to come up with something spectacular and new to make their fortune.

This is the biggest trap they face towards reaching their targets and goals.

Instead of something new, you need a proven system and this is why I recommend the network marketing industry because of it the 21st-century business, it is proven industry and system that works and it will help anyone achieve success.

What is the system you have in place?

Are you trying to reinvent the wheel or do you have one that is proven?

Reason 5 – Fear controls them

10 Reasons Why Most Broke People Remain Broke

Danger is Real… Fear is a Choice!

If the path to success was clear without struggles everyone would do it.

There are three different ways to process and manage fear.

The first two options will destroy your chances for a successful and healthy life while the third gives you the mindset you need to use fear to your advantage.

1. The pretend that fear does not exist – The people who manage fear through ignoring it end up in a life filled with poverty and misery.

By ignoring fear you let it control you because you neither acknowledge it nor learn how to deal with it.

Unacknowledged fear renders you impotent in your efforts to reach your goals, and this is the most dis-empowered state for wealth and success.

2.  They act in spite of fear – This way of dealing with fear allows you to achieve certain goals despite being afraid; however, this leads you to a place in your life where you are wealthy and anxious.

Yes, you will have wealth, but you will constantly be afraid of taking a wrong step.

These people are with the idea… “What if I fail?”.

This result in a success lifestyle where you second guess all your decisions and live in fear of failure.

3. They embrace fear and let it motivate them – These people achieve their goals and do so by acknowledging their fear without letting it ruin their fun and enjoyment of their fruitful success.

Reason 6 – They choose bad mentors or they don’t have any

10 Reasons Why Most Broke People Remain Broke

Do you have a mentor?

You must choose who you have as a mentor.

People without money are very quick to offer their advice, and the world is full of people claiming to be life coaches, success coaches, and business coaches.

The scary thing is that most of them haven’t achieved anything.

If the person you are modeling yourself after is motivated by greed you do not need to follow in their footsteps entirely.

You can pick and choose which characteristics to emulate.

You can emulate their ambition but not their greed.

You can incorporate their strategies without incorporating their ethics.

Reason 7 – They have limiting beliefs about life and money

10 Reasons Why Most Broke People Remain Broke

Poor people believe they are creatures of circumstance.

Because of this, life happens to them.

Rich people believe they are creators of circumstance.

Because of this, they create opportunities within their lives.

There isn’t more destructive belief in the world than to think that life happens to you. here are three things that happen to you when you believe they you don’t create your own destiny:

1. You play the blame game – You blame everyone and anyone for why you do not have what you want. You blame the government, the economy, your family, your boss or the people at the bar. This shows powerless to achieve success.

2. You justify your situation to yourself and to those around you – You use sentences to start with “It is because.” For an example “It is because the economy is bad that is why I am not where I want to be.” By justifying your current situation you accept your current situation.

3. You complain – What you focus on expands.

When do you complain what do you focus on?

All the crap in your life and if you focus on all of the crap in your life what do you become?

A magnet that attracts more crap.

Also, you must distance yourself from those around you who complain as they may influence you in a negative way.

Reason 8 – They subscribe to ‘The Secret’

10 Reasons Why Most Broke People Remain Broke

According to ‘The Secret’, the way to gain success is to go in a quiet room in your house, turn off the lights, sit on your sofa and imagine a big check with many zeros.

If you believe in ‘The Secret’, eventually this check will show up.

Does this work? No! Why would it?

If this is your strategy for success the only thing that will eventually show up in your mailing box is an eviction notice.

I believe in manifestation, but I believe that you have to take massive action and go out and meet it.

You simply will not achieve success or wealth if you don’t take action towards it.

Reason 9 – They set impotent goals

10 Reasons Why Most Broke People Remain Broke

The reason most people are not successful is not that they set their goals too high and miss them; it is because they set their goals too low and hit them.

If your goals are low and you keep hitting them then you need to raise your ambitions.

You need to have a continuing dedication to going further than those around you.

Never set average goals because of average sucks!

On the other hand, do not set unrealistic goals because people abandon those.

Instead set your goals just above your comfort zone so that inspires you to continue to work toward them.

Reason 10 – They are unable to manage their state

10 Reasons Why Most Broke People Remain Broke

By state, I mean their emotional and physiological state.

Here it is in simple words.

You can be the most talented person in the world, but if you are in a dis-empowered emotional state you can’t achieve crap.

You are in a dis-empowered state when you feel overwhelmed, uncertain or fearful.

These will influence your decisions to achieve your goals.

If you find you are constantly experiencing these you are set for failure.

Achieving an empowering state will give you the mental edge and attitude that you need to be successful.

Here is a list of empowering state for business; certainty, clarity, confidence, courage, conviction, ambition, and passion.

By remaining in these states you are better equipped to handle the hurdles that you will encounter.

You cannot manage your state every minute as you are not a robot.

When something goes awry, that’s when the state management really matters.

When something goes wrong most people create a bull shit story to justify why they can’t have what they want.

It stops them from being honest with themselves and seeing things as they really are.

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Gordon Attard’s Home Based Business BlogGordon Attard
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