The number one reason people give for not saving money is the lack of room within their budget to do so. Here at “BROKE Finance” we urge readers to “live broke to build wealth”. The premise of my book, which you can purchase by clicking the link at the top of the page is to implement the principles of a Budget, Risk (invest capital), Opportunity (time value of money), Keeping 10% of all income, Eliminate Debt and Establish credit. Following these six steps will put you on the path to financial prosperity.
The inability to save money is a top concern for many people today. It is leading cause for americans financial concerns. Part of this has to do with our mindsets as consumers. Our first thought is to acquire goods or services just because we have the money to do so, thanks largely to more than 5,000 ads that we see in a single day. Sadly the reason you are unable to save money is likely your own doing. When was the last time you really evaluated your spending habits?