12 Types of People Who Stay Broke

12 Types of People Who Stay Broke

Anyone wishing to follow their heart into the dark subway of entrepreneurship should first consider their relationship with money before hoping to see light at the end of the tunnel. Whether you are a believer or not, entrepreneurship should be seen as simply “Playing God.” That means it should be an attitude that identifies an opportunity to create multiple forms of life in empty space - providing light services and products where darkness has covered the surface of your deep (market). Unless you are a not-for-profit entity, at the end of the day the entrepreneur’s successful services or products must go through the litmus test of financial benefit, which is not necessarily profit, but money generated from the business activities of the enterprise, depending on how much you love or loathe bleeding your hard work on taxes. People judging you as an entrepreneur will only want to know one thing, is your business broke or loaded? Are you making money or just playing busy? Of course, this brings us back to the entrepreneur’s relationship with money in general, not just for the business venture in particular.

The hardest pill to swallow for any aspiring entrepreneur is the undeniable fact that changing from being broke to being loaded is not going to be a walk in the park. It is not going to be an overnight music festival. It is fact going to be one hell of a mammoth task, a financial Kilimanjaro climb of sorts. The entrepreneur must admit that the only way to enjoy financial freedom is to have an awesome relationship with finances, starting with the little you have in your wallet or bank account. Many of us have committed financial suicide a million times but ironically we remain shocked at why our business ventures are not taking off. No business can become a success if the our finances are not well organised. We all need to have that unbreakable relationship with money. Unfortunately, most of us are stuck in the Broke Cycle. The entrepreneur needs to know that nothing will change until we change. Many rappers have alway believed that “If it don’t make money it don’t make sense.” The question is, what do you do with the money you make?

Below is a list of the 12 Types of People Who Stay Broke. These are just behaviours we need to change from before believing we can make some financial success of our lives.

1. The Blind Spender

(RED FLAG: No sense of saving)

You get money into your hands, your purse, your wallet, your pocket or your bank account and you immediately look for ways to get rid of it.

2. The Risk-Averter

(RED FLAG: No sense of investment)

You don't see the need to lock some money away for a while or invest it into a small business that can create more income streams for you.

3. The Born Buyer

(RED FLAG: No sense of sales)

You keep buying stuff but you don't have anything to sell, meaning you are not generating more income. This can prove economically limiting.

4. The Guess Worker

(RED FLAG: No sense of research)

You are energetic when it comes to jumping into new business ventures or career ideas, but you never bother to do some research so you can have an idea of how to navigate that business or career.

5. The Lonely Islander

(RED FLAG: No sense of networking)

You operate in a mental business space that does not help you grow or establish profitable networks and industry connections.

6. The Crazy Complainer

(RED FLAG: No sense of remedy)

You tend to find everything wrong with life, especially when it comes to finances, but you do nothing to improve your situation.

7. The Time Squanderer

(RED FLAG: No sense of mission)

You easily allow people to have unnecessary access to your life, thus mis-investing your time when it could be put to rewarding use.

8. The Cliché Brigadier

(RED FLAG: No sense of wisdom)

You have a tendency to think you are smarter than ancient wisdom or know better than to listen to good advice. Words like "THINK BIG/THINK OUT OF THE BOX/LIFE IS WHAT YOU MAKE IT" are meaningless to you, at your own detriment.

9. The Cheer Leader

(RED FLAG: No sense of ownership)

You know all the star players - or the latest money guys - but you don't get to play because you've decided to cheer others on.

10. The Chronic Borrower

(RED FLAG: No sense of budget)

You are always queuing for the odd loan or on the phone begging a friend or relative to lend you some cash - again.

11. The Stray Bullet

(RED FLAG: No sense of direction)

You are always doing the right thing at the wrong place, missing your real life purpose and goals.

12. The Lazy Bugger

(RED FLAG: No sense of hustle)

You are a daydreamer who never invests any real work towards the fulfilment of your dreams.

Kgoshii Tshwarelo Mogakane

Author, 12 Types of People to Love… From a Distance

Contact: 073 635 4550