Today, I am going to talk about in this article are some things that in many cases, people have talked about in the past, but I’m going to present it in a different way. I am going to present this material as if the person who is reading it WANTS to be broke. Are you interested in being broke? Read on, you may realize that you are.

Nine Steps to Go Broke

No Vision

Where there is no vision, the people perish! This is the first and most important step in a person’s quest for complete and utter broke-ness. There are a lot of people who want to be rich, but interestingly enough, very few have defined what rich is! Does rich mean $100,000 per year? Does it mean $500,000 per year? Most people have no idea. You see, it is LITERALLY IMPOSSIBLE to reach a goal that you don’t have. So, if you want to insure that you never reach financial independence, then just don’t define exactly what it is! If you do this, there is a great chance that you will be on the path of going broke.

Not Planning

There is a chance that you have have heard this phrase before, but I will state it here. Most people do not plan to fail, they just simply fail to plan! If you have made the mistake of having a clear vision, you can always kill it by not having a plan. Here is an example. Let’s say that you have decided that you want to go to Los Angeles California, but you really don’t want to get there. Don’t get a map. Don’t figure out how much time it will take you or what you will need to get there. Just get in your car, back out of the driveway and MAKE A LEFT! Though it is not guaranteed, the probability is that you won’t get there.

So if you want to retire on $200,000 a year, the last thing you want to do is figure out how much money you need to save to accumulate enough to withdraw $200,000 per year. And then even worse, for you to actually calculate the amount of money you need to reach that goal, and implementing a plan to do so would be futile!

Spending Out of Control

If the truth be told, most people are not just compulsive spenders. Most people don’t just go out and blow money mindlessly. But the encouraging thing in this case is that most people are out of control spenders. The way you spend money is either controlled or not controlled. So if you don’t have a wealth plan or a spending plan, and you are not controlling your spending, then you are spending money out of control.

This is great if you want to be broke. The last thing you need to do is draw up a spending plan and start saving money to invest toward wealth. But now, if you do decide to draw up a spending plan (maybe you have a nagging spouse that keeps bothering you to do so), the best thing to do is to CALL IT A BUDGET! This will make sure that your financial picture is focused on lack.

The term budget is a negative word and negativity is key in the quest for financial dependence. If you do a budget, it would also be good if it is NOT written in advance. Just keep it out there in space somewhere. Don’t worry, you can remember everything.

You also want to avoid paying for things in cash. You see, it is a known fact that when you spend cash, you spend less (you can actually see the “so called” money leaving your hands). When you spend with plastic, and you don’t see the money, you are much more likely to spend more. This is why everywhere you go, they are always asking you if you want a store card. They know this! So GET those store cards. Don’t use cash, use plastic.

To get the rest of this article you can go to the unsuccessful Guide To Becoming Rich. You can also go there and subscribe to the free online monthly newsletter and get valuable information as well as the best personal finance software available.

Fetch helpful info in the sphere of money making ideas – please go through the page. The times have come when proper information is really at your fingertips, use this opportunity.