If you are broke, you may be living paycheck to paycheck or even worse going into debt. Being broke is temporary, and it is something that can be changed. In this video, I will be showing you what you need to do if you are broke and what you should do if you are in debt or living paycheck to paycheck. What this comes down to is your cash flow. If your expenses are equal to your income, you are living paycheck to paycheck. If your expenses exceed your income, you are going into debt. The secret to not being broke is to generate a positive cash flow. There are two simple ways to do this. The first is to cut down on your expenses. The second is to increase your income. In my opinion, the best solution is to do both. If you are broke, in debt or living paycheck to paycheck, you need to increase your income while cutting down on your expenses.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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