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Strategies to avoid being broke.

Strategies to avoid being broke.

No one wants to be broke, and it’s uncomfortable, stressful, and counter productive to getting your financial goals achieved.

If you are broke…with no money…hardly make ends needs or feed, it’s just seems like you are never moving forward this post is definitely for you.

Poor saving habits, poor money making skill, bad investment; these are some reasons why you are broke.

Are you so broke that you can’t afford a burger at a restaurant… Are you so broke that a kidnapper tries to kidnap then let you go freely…Are you so broke you spend time praying in from of an ATM machine than you do at church?

Just being a little humorous… to commence this teaching.

You must be tied and sick of it, it’s time to take charge of your finances and be happy! whether you have to work on your saving habits, spending habits, or find ways to make more money and stop being short.

Before reading my amazing list, please I really need you to follow me for more interesting content{it’s really important for me}

1:IDENTIFY THE CAUSE

Before we can find a solution to a problem we must first find the cause of it, so, do that now if you need to.

2:LIVE BELOW YOUR EARNINGS

Don’t spend above what you earn just because you want to live a “flashy” lifestyle or trying to keep up with friends it will do you no good but “marks trail of debts” for you. Be wise.

3:REFRAIN FROM GET RICH QUICK SCHEME

Most people have lost a lot in a get-rich-quick scheme especially on stock investment programmes that portraits high investment profit with high risk which people don’t mind anyway.

Investing is a good way to grow your money but we are not all gurus at investing, investments can instigate unexpected wealth, so, I suggest we stick to bonds and high yield bank deposits as beginners.

4:YOU SPEND WHAT YOU EXPECT TO MAKE

‘Nah’ don’t ever do this again.

Don’t spend in advance what you are expecting to make because nothing is ever certain in this life and this always make people broke.

5:ONLY LEND MONEY YOU CAN AFFORD TO LOOSE

Leave a comment if you’ve some horrible(bad) experience lending money to people or someone close to you. You probably end up loosing your money or you hurt the relationship. It’s okay to assist someone in need but that should be if you are financially buoyant or you can afford to, not when your financial life is staggering and leaves you at the mercy of whom you lend money to. To be on the safer side, only lend what you can afford to loose.

6:YOU’RE TOO CHEAP

Do you always buy cheap things and have to get another one because the first one broke? If this is you please stop because you’re not saving money through this.

7:LEARN THESE SKILLS

If you’re always broke you definitely need these skills;

*Money making

*Money keeping

*Money growing

*Skill to earn more

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