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 EP92: Implementing Effective Long-Lasting Changes in Your Personal & Professional Life with Friska Wirya
S1 EP91: The Value of Passion and Purpose in Achieving Success w/Brian Burke
S1 EP90: Maximize Your Earning Potential with Sergio Patterson
S1 EP89: The Future Economy & Pursuing a Career in STEM with Justin Shaifer
S1 EP88: Advanced Tax Planning and Strategies with Mike Jesowshek
S1 EP87: The Importance of Networking with CFO Robert Bendetti
S1 EP86: The Current State of Social Security & Your Retirement with Prof. Laurence Kotlikoff
S1 EP86: The Current State of Social Security & Your Retirement with Prof. Laurence Kotlikoff
S1 EP85: Making Your Resume & Interview Memorable with Stephanie Nuesi
S1 EP84: Job Search 101: Leveraging Your Network with Trevor Houston
S1 EP83: Nailing Your Job Interview with Lakrisha Davis
S1 EP82: Making Big, Crazy Dreams a Reality with Jeremy Schneider
S1 EP81: How to Deal with Student Loan Debt: The Smart and Effective Way with Atty. Joshua Cohen
S1 EP80: The Importance of Having Soft Skills in the Workplace with MIT instructor Mark Herschberg
S1 EP79: Retirement Planning to Overcome the Threats Facing the US Economy with Prof. Laurence Kotlikoff
S1 EP78: How Women Can Find Their Voices and Be Heard in Corporate America with Rehmat Kharal
S1 EP77: Can You Afford to Go on Vacation? Financial Questions to Answer Before Taking a Vacation
S1 EP76: Success Mindset: The Habits and Traits of Successful People with Simon Parsons
S1 EP75: Value Pricing: A Business Model That Leads to Success with Ron Baker
S1 EP74: Biggest Investor Mistakes With Lee Michael Murphy
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