Why some people are broke

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1-they do not prioritize savings.
2-they do not set a budget,
3-they lack financial discipline.
4-they live beyond their means.
5-they borrow money in order to support their lifestyle.
6-they support too many friends and relatives.
7-they have vices.
8-they do not set up emergency fund.
9-they make bad financial decisions.
10-they lack financial education.
So if any of this affect you, is for you to get wisdom for a better tomorrow. To avoid accusing somebody as your down fall.

This Post Has 73 Comments

  1. Ezekiel Okon

    This are facial reasons, weldone

      1. Christian Okereke

        Wow l have really learn from this thanks

    1. Favour Udoyen

      Number 5 tho
      Thanks for this

      1. Iyiola Immanuel

        Thanks for sharing.. I’ve gained from this

  2. Emem Effiong

    Well said
    Lack of financial discipline lead us to unpleasant situation

  3. Ezeh Mmesoma

    You are very right. I thank God that through some things that I have experienced, I’ve come to a certain level of financial discipline.

    1. christiana shola

      Wow this good it very important to always save

  4. Nwokorobia Chinonso loveday

    Another is; There is no steady source of income.

  5. Terwase Sesugh

    If you fail to plan ,you plan to fail. This is a true reflection of what you have said In your work.

  6. Anastasia Okorie

    Lack of contentment should also be included
    Thanks for sharing

    1. Adeyemo Mayowa

      Well I think multiple streams of income is the way out

  7. Amarachi Gracious

    Tnk u sir
    But number 6??

  8. Emmanuel ogar Linus

    Some people spend with out thinking of tomorrow or the future

  9. Afamefuna Okpaga

    Well articulated write up

  10. Mercy Oruegberi

    The write is on ?? good job

  11. Ebelechukwu Ndubuisi

    Number 5 is very true. When you keep borrowing, you will never be rich. You might even end up a debtor all your life.

  12. ABRAHAM Abraham

    The write is on ?? good job

  13. Afeez Adekunle

    Because some people don’t think about broke anymore

  14. Ifeanyi Ikenga

    This is just the truth about live

  15. Kosiso Precious

    no 9 got me thinking ?? i really need to make good and tangible decisions financially

    1. Ngozi KALU OGUDU

      Nice quote”investment and setting out plans is the key to success ,
      living the life of extravagance is not the road to achievement

  16. Peter Sunday

    If you fail to plan ,you plan to fail. This is a true reflection of what you have said In your work.

  17. Peter Peroh

    Lack of financial discipline lead us to unpleasant situation

  18. Moradeke Badejoko

    Most people spend as they earn. No savings and still complain of being broke

  19. Chinyere Ugochukwu

    Setting a budget is very necessary in one’s life because it helps us to managing our earnings and incomes

  20. Usman Opeyemi

    Some even spend their money on irrelevant things

  21. Treasure Uneze

    Financial discipline is essential

  22. Ugochukwu Chimaroke Goodnews

    Once you don’t set a budget for yourself, you will remain broke

  23. Abdulazeez Imran

    This is really talking to me, thanks brth have started making turn around

  24. Arikezukde Musa tete

    It’s true thank you

  25. Taiwo Oyalude

    This is real and well spoke

  26. Alice Gold

    Prioritize what you use your money to do , some persons just spend without having plans on what to use it to do

  27. Martha Ukaegbu

    Rightly said, to be broke will open your eyes to some of the things you are doing right in your life and to amend. Thanks for sharing

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