If you're tired of seeing your bank account balance go down, it's time to figure out why that keeps happening. “Why am I broke?” If you ponder this question on a monthly basis, you are not alone. With sustained inflation eroding wage gains, the proportion of Americans living paycheck to paycheck has risen to a near-historic high of 63%.
The reality is that many people will never achieve their financial goals, but not because they can't. Anyone with the correct mindset and behaviors can do it. However, many unintentionally behave in ways that hurt their finances. Building wealth requires hard work, preparation, consistency, discipline, accountability, and solid money management, regardless of your financial condition or income.
In this week’s episode of The Free Retiree Show, wealth manager, Lee Michael Murphy, outlined 10 common money problems that keep people broke. Consider these possible reasons for your financial difficulties and evaluate what you can do to improve your situation.
What you’ll learn in this episode:
S1 EP12: 7 Tips for Working from Home
S1 EP11: 7 Tips to Survive and Thrive in a Market Downturn
S1 EP10: COVID-19 & CARES ACT...Financial Relief Information
S1 EP9: Top Characteristics of Successful People. Interview with CEO Carl Reinhardt
S1 EP8: STRESS… Silicon Valley’s Dirty Secret. 7 Tips to Manage Work-Life Balance.
S1 EP7: Dr. Dexter Hadley on AI & Big Data in Health Care. And the Power of Self-Belief.
S1 EP6: Must Knows For a Real Estate Transaction
S1 EP5: The Financial Strength You Need To Purchase A Home
S1 EP4: Silicon Valley Company Culture & 7 Essential Tips For Your Retirement Account
S1 EP3: Managing Finances With Your Significant Other
S1 EP2: Does College Impact Career Success?
S1 EP1: Filtering Out the Noise
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