Are you wondering why you get broke sometimes. No need to panic, you are on the right place. You will always stay broke if you are not doing some certain things, no matter the business you are into. I will be discussing five reasons, why peoples get broke. • Lack of saving • Spending more than income • Not budgeting • Excessive debt • Careless investment To go further in my discussion, I will be explaining these reasons one by one, for those that have not yet understand. 1. Lack of saving: I was once a type that will spend all my income as soon as I get paid, hoping another one will come. It does work though, but I nearly cry when the pay fail to come. It has happened for many years before I realize the importance of saving. The solution is to track your income and make sure you remove savings immediately you are paid. 2. Spending more than income: This is another problem face by most of us. Imagine someone that earn $100 per month and have to spend $50 on food, $30 on
Finance, technology, fashion, lifestyle and gossips
Comments
Post a Comment