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An "Everyone is BROKE" Mentality IS Hurting You | MONEY & FINANCE

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Constantly thinking or hearing people say "everyone is broke" reinforces a scarcity mindset that can keep you stuck. Here's a look at three dangers of this thinking, and what you can do instead.
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Education, ❌NOT❌ Advice

Опубликовано:

17 авг 2024

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Комментарии : 57

@tashawilliams8093 Месяц назад

I feel like inflation is used as an excuse to not try. I'm so over it.

@somethingaboutsamantha Месяц назад

Amen 🙏

@M_SC Месяц назад

It’s like people can’t think for themselves. I love to complain about inflation but not to mean that I shouldn’t take care of my life.

@biblioholic7139 Месяц назад

Saying everyone is broke gives people permission to stay broke and not feel like a failure. It's also hard to refute because there aren't many obvious indicators of who has money in the bank and who doesn't.

@discoveringhealthandfinanc8328 Месяц назад

Whenever I see people in expensive flashy cars, oversized house, going on vacation all the time, name brand clothes and shoes... I assume they are in debt and are in the merry-go-round with debt payments. Meanwhile I do a trip once or twice a year and all of my retirement and non retirement accounts are set up properly. You would never guess because I don't "look" well off.

@subi1677 Месяц назад

I get so tired of hearing, " it must be nice" every time my husband and I go on vacation, make a large purchase, etc. It is nice because we saved, budgeted and planned for these things. Sacrifices were made because we looked at the big picture. PS, I love all of your videos. I always seem to learn something new 😊

@rachelr9272 Месяц назад

Yes!!! My husband and I hear this a lot. What people don’t see are the choices we make, saying “no” to unnecessary wants, living modestly, not having brand new cars, etc…

@hitthejai Месяц назад

I think people (me included) have a hard time changing our mindset because we have a hard time grasping that getting good w/ $$ takes time. It doesn’t happen overnight. Everyone I know who is good w/ money said it took YEARS. I’m feeling like I don’t have years 😂

@UTP504 Месяц назад

Yeah, habits are hard to break, especially bad habits, it takes time, effort and discipline, and most people lack discipline.

@ayyyejesterdazed Месяц назад

We miss opportunities because we’re stuck in fear mode. After countless low paying jobs that treated me horribly and essentially forcing me to quit over and over again, I stood up for myself and contacted employment attorneys… that is how I was able to get a little bitty piece of the pie to create my emergency fund🤞🏽Don’t tolerate jobs treating you like a dog, if you have a legitimate case an attorney will work for free upfront and take their fees out of the case winnings

@LifewithTee76 Месяц назад

Everyone is not broke. People are just making different choices. You should always make changes for the environment you are living in. Love your tips!❤ We can make changes in our own circumstances, but you have to actively try and make small steps.

@BrianTaylor1645 Месяц назад

I'm a believer that insanity is doing the same thing over and over and expecting different results. I was stuck and decided to start reverse budgeting and for me that worked! That means I save/ invest a portion of my income first instead of last. And put a portion of that into stocks like Amazon,Google, Nvida etc. It only takes about $10 to start. I'm sooo glad I did this! Instead of trying to save money maybe people should buy blue chip stocks, just a thought.

@bernaclischurchill4463 Месяц назад

You are right. I responded to a video, which said everyone was broke, by saying, Correction: everyone is not broke, and I thought people were going to have a nervous breakdown, they literally went ballistic. I knew then, that they are being completely brainwashed by social media, and are lost. I, am one of those people that saves for everything and always have. I have received a lot of flake about about it, but I never stopped doing it. I am now retired because I applied this mindset to my goal so that I could retire. I used to see and would often hear news broadcast and still do, telling people that they cannot retire, and I know of some people whom I worked with, who believe this, but I was determined that I was not going to be one of them. Its about believing in yourself, avoiding the negative feedback and setting goals, and also, as you said delayed gratification.

@bernaclischurchill4463 Месяц назад

@BreeLove-zx5pz I understand that, but she was not talking about being laid off, and neither was I. I have been laid off, believe me, I know what it is like. Drinking water for dinner because you can't buy food, been there, done that.

@delphinehamilton8118 Месяц назад

I am an average person with a low income and I have a over 6 month income emergency fund. How ? Because l did the work, I use the tips. I humble myself and follow God 's instructions.

@juliemoore6957 Месяц назад

There are alot of folks living paycheck to paycheck. But I believe many of them aren't even trying to live within or under their means. Watching channels like yours really help teach us to deal with our money differently. Thank you for your videos.

@fatimamanneh9432 Месяц назад

That & also laziness it is easier to waste then to save

@bridgettetraveler658 Месяц назад

I feel exactly what u are saying! I use my credit card when traveling. I pay it off the next month! U give great advice!! Some ppl blow money on stupid stuff & constantly complain about everything! Keep up the great work!!!

@es7818 Месяц назад

this is so true! i have friends on very high incomes who complain about not having enough, over and over. it's so much more helpful to actually set meaningful goals no matter how big or small, then celebrate success.

@frankcoker4871 Месяц назад

Love your advice. You are wise beyond your years. You are one of my favorite CCs on youtube. Thank you for what you do. You are appreciated 😊

@tinag183 Месяц назад

I always say, "Maybe the Jones' have the money to pay for it." The thought that someone can't afford what they have is just a way to deal with jealousy. I have access to people's financial picture (for work) and can tell you, a lot of people have a lot more money that you think.

@arthurmantzouris4413 Месяц назад

I hear u. Some pp don't have it to spend and some spend on stuff that their only going to spend but dont need jt....But some who don't want to struggle will have a budget and won't spend on dumb stuff.....😊😊

@katharinawalker716 Месяц назад

I understand exactly what you are trying to convey, but, to some people it is easier to complain and play the hard done by card. We all need, and have to, chart our own path, no one can do the hard yards for us. And that may be a difficult truth for some to swallow. Thoughts from a Aussie pensioner, love your channel x

@DoTheDomThing Месяц назад

Even if everyone was broke, having the mindset of “how can I not be broke” or “how can I be better with my own finances” vibrates much better to help you achieve your own goals.

@loveandjoy810 Месяц назад

I have a 6 mos emergency fund and sinking funds. I got a part time job to help build it. I being good with money requires discipline and not buying useless crap you don’t need. I realize some people are having trouble covering the basics but it might be time to level up your job.

@amnrob101 Месяц назад

Thank you for making this video. Everyone isn't broke. People thinking that others are broke is contagious. But this mindset may present an opportunity for those of us with good money saving habits. Debt accumulation and negative consumer confidence could spur a recession creating buying opportunities in the stock market. Save and invest regardless of what others are saying or doing.

@keithwhitehead3841 Месяц назад

i have seen people whom are well off financially and those who are not. the latter ones have a list of excuses at the ready as to why they dont have their finances in order. one has to start somewhere. i was not one to make excuses but i put in that work ot,investing, living below my means, paying myself first and it paid off. in a decade i have reached a point that i never thought possible even a few years ago. i think people defeat themselves by thinking it cant be done. my biggest fear was living paycheck to paycheck.

@whfh178 Месяц назад

1:28 I know the feeling!! How frustrating 😂

@M_SC Месяц назад

Yes. An odd version of this is the person who always says they’re broke but really they paid themselves first in 12 retirement funds and investments etc, so they have no more spending money. Which is great, but it’s not “broke”. I had a friend, when I was struggling to pay the rent (and everything else) would reply I KNOW me TOO I’m so broke TOO but really she was talking about the month after the upcoming payment, AND she had already put her considerable monthly savings aside in various savings and investments. Which is great for her, but was really tone deaf to my struggles to compare her situation to mine. Please don’t exaggerate to sympathize, it really made me feel terrible when I found out.

@uscitizen1035 Месяц назад

The "everybody's broke" song makes people feel better about poor choices they have made to keep themselves broke. They feel like they are not alone in their poor life management choices. Misery loves company.

@Ay-B Месяц назад

Thank you! I saw a video yesterday where the woman was railing against living below your means. She said it's wrong to tell people to do that. So many in the comments were agreeing with her.

@gdp7q Месяц назад

This is so true on so many levels!!!

@renehoffman4343 28 дней назад

Thank you for talking about this! This is why I enjoy your content. You say it like it is!

@thebrokenwallet 25 дней назад

I appreciate that!

@AlchemistLynn Месяц назад

It does suck hearing it. I would love to do things with the people I love, but I can’t do the work for them and I can’t afford to pay for them.

@yourentrepreneurjourney Месяц назад

V, i have been a witness to inflation back in the 70's and I eas good. I had to learn money literacy over the years. I have heard those conversations of broke, inflation, etc....I am done with those conversations!🙅🏽

@Helena-ou8ry Месяц назад

I don’t actually know any broke people, l’m certain they exist but none move in my social circles. Everyone I know has an emergency fund, mainly because we all have expenses so low that it would be impossible not to ( only bills are utilities, land taxes, medical checks, occasional transportation and food)

@mrsjade30 Месяц назад

I think people are just simply impatient and want instant gratification. Saving money takes TIME. Time is money that you can’t take back. Time= wealth. That’s my POV on it. 💸💰 it really is a MINDSET, and consistency. Everyone’s situations are different, but you either make excuses or make it happen. Period. There’s a video of a single mom here on RU-vid that saved $40K in a year. 🎉 truly I was inspired.

@allthingschelle4304 Месяц назад

I have an 9 month emergency fund and working on 12 months! I delay gratification, am debt free and split living costs with another relative. It's possible!

@fatimamanneh9432 Месяц назад

I have seen the comments as well some of those people are just lazy some people just don’t want to save for anything this is why sooo many people were struggling during Covid when laid offs or shortages of hrs took place would think people would learn a session from it all but no people are back to their old habits smh

@AllyCakes12 Месяц назад

If you can't save money, definitely need a lifestyle change. Have to get a second job or cut back on spending. Either of those is hard to do and I'm sure that's why people just live paycheck to paycheck.

@dinosaur3126 Месяц назад

Currently not really saving because what I would be putting in a savings account is going to pay down student loans debt

@iamnyoka Месяц назад

Love this video! Mindset is everything. It can definitely hold you back in life.

@donnabennett5454 Месяц назад

The truth is, and I noticed people don't like to admit it, is they don't want to sacrifice to have savings.

@uscitizen1035 Месяц назад

Some don't want to sacrifice now to be able to earn a higher income later such career reskilling, going back to school, getting licensed in a new trade, etc.

@rebacarmack8335 Месяц назад

Great video- 100% - scarcity mind set

@wendysharpe9277 Месяц назад

Yes. This is not a good mindset. You may be broke but that’s not my reality. And if you are broke maybe have a come to Jesus conversation with yourself about why.

@YveWin Месяц назад

THANK YOU!!! Some people aren’t trying to keep up with the Jones and can live within their means. And others recognize that they may not have the best money habits and are trying to learn and do better. 👏🤛🎆 Like, just because you want people to be as broke and miserable as you are (because you won’t try to change those habits), doesn’t mean they are, or have to be.

@ayyyejesterdazed Месяц назад

I have $10k emergency fund and a little over that amount in stocks as apart of my retirement plan because I don’t have a job that offers retirement. I’m sober and prefer to buy groceries and eat at home. The same people that complain about price of groceries eat out and order delivery and are regularly drinkers. The people that complain about gas prices buy luxury vehicles. Or they use regular and then damage the car, then complain about the price of cars even though they don’t choose the brand wisely and care for it properly. #CognitiveDissonance

@RonnieWisdom Месяц назад

Money mindset and the energy that you bring forward is very important! There are some wise people, even everyday hard working people who have made amazing investments too!

@lionness_simsima5941 Месяц назад

Hi there, very interesting content

@sparklemotion86 Месяц назад

I finally had a six-month emergency fund built up for the first time in my life and then I had to buy a car and I wasn't gonna go into debt to do it so I bought a car and now I have no emergency fund and it's not even a good careven cars are $10,000 now

@alonzofloyd8140 Месяц назад

Yes I tried to pay off my credit card every month, but sometimes I slip and it takes me two months to pay off my credit card, but now I have to help my parents with monthly bill, I know they say help yourself but when your parents need help you help there!!!