The root cause of being broke is nearly always the same: People “spend more than they make. That’s the only cause of bankruptcy.

Because of their poor decision making.

Most people are poor because they’ve made poor life and financial decisions.

Forget about those dumb statistics about the 1% of the population being in control of most wealth in the world and all that garbage.

In my opinion, all that nonsense is just what poor people like to hear because it makes them feel like their poorness isn’t their fault, but in most cases, it is (there are exceptions, though, like if you live in a communist country where opportunities themselves are extremely limited, for example).

It is always easier to put the blame on the economic system, life circumstances, companies, the government, politics, etc.

The truth is, it only takes 2 things to stop being broke: A good decision-making process and a lot of effort. That’s all.

You have a job, maybe even a good one, but your paychecks never seem to stretch as far as you think they should, and ends never quite seem to meet.

You know you should be... Join the discussion here>>> https://buggingquestions.com/question/why-do-most-people-go-broke-financially/