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The Power of Broke: How Empty Pockets, a Tight Budget, and a Desire Can Turn to Success

Updated on April 14, 2019
Pam Morris profile image

Writing is my passion. I have an undying thirst and quest in the field of writing. Some eat, drink or use drugs when stressed, I write.

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Maybe everybody doesn't know it, but there is power in being broke, as its misery in doing without. I learn both phases first-hand from my experience of being broke, and from that overwhelming encounter I discovered when you don't have money, you’ll invent ways to find resources others don’t see as income.

There was a time in my life where I lost everything, I was so devastated that I knew I had to dig into my creativity and aggressively pursued the strength to change and turn things around.

From that crushed and very overwhelming experience, I was forced to create a new mindset. I begin asking myself questions that could assist me to get to the next level and receive stuff that helps me to learn the power of being broke.

From my experience, I think it's safe to say after enduring being broke a person's mindset allows them to see where they when wrong and through the desire to change the situation, they receive the control that the power of broke play where it will show them how having no money can be turned into an advantage.

When you have goals sometimes you have to go on a tight budget. While forced to take a tight budget, the idea of obtaining a new savings goal may seem hard to next to impossible.

While it's nice to have paychecks coming, some of us are living paycheck to the next so we feel short of money. Except when you live so close to the edge that you feeling like you're falling apart because you can't pay your bills until you receive your next check, It's time to discover the power of broke.

The very first thing you need to do is create a lifetime personal commitment to knowing where every dime goes after it comes in. Then plan a tight budget to stop spending on things that are not a necessity. That method can serve to change your daily spending habits. Below are ways to assist you to begin the first six months.

For the first six months, you must begin by commit to keeping up with how much income comes in and only using your money to pay for the following expenses:

  • Grocery Expense
  • Car note/gas expense
  • Mortgage/rent
  • Telephone
  • Utilities

The expenses listed above are the standard-of-living necessity that must be fulfilled on a daily. Nevertheless, let boost your savings goal by choosing to lower-cost choices to your usual spending habits.

While your bills are something you have to pay, you do have a choice to lower the cost of them monthly. I recommend people do what I did when I made the decision to change my spending habits for the most effective results.

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In other words, if you want to be able to ensure you get the best of your savings goals, you need to begin by checking and making sure you have the lowest-cost options, if not immediately change your usual spending habits.

Here are a few examples:

Do you have a home phone and a cell phone? If the answer is "Yes" let go of the home phone and only keep the cell phone. Next, check with your cell phone provider to make sure you have the lowest cost. If you have extra with your plan take it off and only pay for the basic.

Do you eat out for lunch at work and eat out once or twice a week for dinner? If the answer is "Yes" stop eating out altogether bring your lunch and plan meals, cook and eat at home.

Do you have cable, most people do, but you do not need a healthy package? Downgrade the channels and eliminate the extra like HBO, Cinemax, Showtime or Starz, and all the extra sports channel.

Are you a coffee drinker? Do you need two or more cups of coffee each day? Maybe you depend on a cup of coffee to start your day. If you do start by cutting back on the total numbers of cups of coffee you drink. Next, drink the free coffee at work and check on lowering the cost of your coffee. Maybe check for sales or purchasing in bulks to get a better bargain.

Maybe you love going out or enjoy different activities. Well, it's time to save on the gas by going only to the places you need to go like work, doctor appointment, or church and stop the activities altogether as you are now committing to a tight budget.

You put together a goal and set up a budget now let's visualize the progress. In order for any goal to be put into effect, you must not only create but visualize the perception to stay motivated throughout your challenge.

You are turning into a smart saver and now you need to set a target of what you want to save each week, bi-weekly or monthly. Create a spreadsheet to keep up with your goal. Make sure you faithfully balance and keep up with your progress to motivate yourself.

Open up a saving account to store your funds, there are many accounts you can choose from but bear in mind that the best account is one that has a high annual percentage yield.

Once your six-month challenge is complete, be sure to measure your progress and reward yourself for all your hard work and effort. Rewarding yourself is the most significant key because it will prevent you from wanting to quit, it will motivate you to continue on.

Furthermore, while a tight budget and spending only on the necessity is a challenge, they are also great for ensuring you continue living a good life in the future. And if you want to make sure you achieve your goals, remember the saying, no pain no gain.

Don't allow the pain and aches that enter your life to rule you, the mystery concerning success is learning how to use the pain and stuffing instead of having them handle you. If you do that, you’re using the power of being broke, If you don’t you will endure a lot of misery in life.

Five lessons I learned and others need to discover regarding the power of being broke

1. I learned to stop focusing on the money I didn't have, but to focus on getting where I need to be when my funds are low.

2. I learned to obtain a mindset to always be willing and ready to learn. To ensure you receive the message the mind gets after being broke, you need to be passionate about learning like you a student ready to learn how to get to the next level so you can leave a powerful mark you were meant to leave on this world.

3. I learned to have goals and do whatever I need to do to put my vision into perspective. Creating and following goals is not easy, but if you put forward the effort and follow through, you’re bound to be successful.

4. I learned to face reality regardless of what I set out to do, I will receive a "NO" in the process. But I couldn't allow "NO' to stop me from fulfilling my vision. "NO" is a word I was going to hear, but it was not the final say, I would turn it into a "YES."

5. I learned to never, ever give up on success, if I can't find it, I will create it. There will be days, weeks, months or maybe even a year where it's hard to build your dreams or fulfill your vision but you can't give up. One thing about the human mind, if you set it to do something it is possible, you can achieve what the mind is set to do.

In conclusion, You might not have or be where you want to be, but if you desire to make a change and understand it will not happen overnight you have made the very first step all left to do is take the serious leap and trust that you capable of pulling through. I did it and so can you. There is power to being broke, you don't have to continue on with empty pockets, a tight budget, and a desire can turn into success.

The Power of Broke: How Empty Pockets, a Tight Budget, and a Desire Can Turn to Success!

Do you agree being broke doesn't have to be a death sentence, it can force you to invent ways to find resources others don’t think to look for and invest in yourself?

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Lecrae - Broke (Official Music Video)

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2019 Pam Morris

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    • Pam Morris profile imageAUTHOR

      Pam Morris 

      3 days ago from Atlanta Georgia

      Thank you, Angel, for reading my article and your comment. No, it’s not fun being broke. Although, it's easy to provide great tips when you experience it. To overcome, I had to create ways to bounce back. I did it and I hope this article helps someone to do the same.

    • Angel Guzman profile image

      Angel Guzman 

      4 days ago from Joliet, Illinois

      Great article Pam. Being broke is no fun and you provided great tips.

    • Miebakagh57 profile image

      Miebakagh Fiberesima 

      4 days ago from Port Harcourt, Rivers State, NIGERIA.

      Hi, Farrah, you are welcomed. I like that idea. It seems to me you once wrote an article similar to Pam's, right? Thank you.

    • Isivwe Muobo profile image

      Farrah Young 

      4 days ago from Nigeria

      The title of this hub is captivating and resonates with me. It also took my mind back to a time when i was so broke and search for every means that was legally and morally right to make money.

    • Miebakagh57 profile image

      Miebakagh Fiberesima 

      4 days ago from Port Harcourt, Rivers State, NIGERIA.

      Hello, Pam, I appreciated you. Thanks, and enjoy the day.

    • Pam Morris profile imageAUTHOR

      Pam Morris 

      4 days ago from Atlanta Georgia

      Hello Miebakagh, Thank you so much for stopping by to read my article and comment on it. As you stated saving is an option for getting back on track. In fact, everyone should consider it.

    • Miebakagh57 profile image

      Miebakagh Fiberesima 

      4 days ago from Port Harcourt, Rivers State, NIGERIA.

      Hello, Pam, I have gone through the experience, and savings is my opinion to sailing through. Thanks for sharing.

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