Welcome to the Official Brad Hook Broadcasting System
Sunday, January 30, 2011
The 5 Reasons You're Broke
– Even employed people can still be broke—and if you’re in that camp, allow Steve Roy to help. On
Dumb Little Man
, the financial planner offers up the “five reasons you will always be broke:"
Your spouse is a spender
: If one partner is out of touch with your financial situation, both will suffer.
You can’t accept reality
: Many people just keep denying they need to take a real look at their finances—and maybe cut spending.
You have big dreams
: Maybe you’re an entrepreneur, or you work for a company that promises wealth. That’s great, but until you see actual proof that you’re a millionaire, don’t spend like one.
You won’t budget
: “Budget” is a scary word, especially to people who have no idea how to use a spreadsheet. But it’s a necessary evil.
You don’t track your money
: All those morning bagels and afternoon candy bars add up to more money than you realize—probably enough money, each year, to take a family vacation.
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