“The simple act of paying attention can take you a long way.” Not paying attention can determine if you will stay broke or not. Don’t make this mistake!
Now, what does it cost to pay attention? I’ll tell you… It’s a whole lot less than being broke. For instance, one day you could be walking around minding your own business, the next day you end up right in Brokeville.
Pay Attention To What Matters Most
In order to avoid going too far in, you need to be aware of:
a.) Your Income
b.) Your Spending Habits
c.) The amount of debt you currently hold
d.) If you are willing to sacrifice short term gratification for long term results.
Avoiding any of the above, will not only keep you living as a broke investor, you may eventually be so broke, you end up filing for bankruptcy.
To prevent from going this route, just listen to the helpful quotes that The Broke Investor has been gathering for awhile now a.k.a. “Broke Tips”.
Even though you may not have money to invest in a successful framework like a proven franchise system that can earn you serious cash or a mastermind group where you can rub shoulders with the giants in your industry, you do in fact have something way more powerful.
That is, the ability to pay attention to your current situation and realize that this is NOT the end for you. In essence, you decide that you will not be broke anymore. You also realize that no single stock or investment is going to make you become a “wealthy” investor.
Are You Broke or Wealthy?
I like Merriam-Webster’s second definition of wealth: abundant supply.
This definition has the potential to deem a whole bunch of broke investors as “wealthy” investors, already. Without the need to pretend to be the next Warren Buffett or get in front of chalk board and claim to know what you are talking about.
Simply put, you have an abundant amount of time. Whether you think so or not is subjective. But think about it. We all will live for a certain amount of time and then, we die.
YOU HAVE ALL THE TIME IN THE WORLD. In conclusion, if you learn how to set aside time to pay attention to the things that will get you out of your broke struggles.
Keep growing, keep investing.