Why Being Broke Shouldn’t be a Problem At All: Finding Happiness Amidst Bankruptcy

Losing money is a top concern among Americans – the third highest concern, to be precise. Once the wallets of people have been emptied, bank accounts wiped out, and life savings depleted, expect them to panic and throw a fit. After all, people will need money to gain access to food, shelter, clothing, and other of the basic needs in order to survive and live.

However, there’s a good reason why not having money isn’t the biggest concern among people in the US, and perhaps the world. One can have little and barely get by the day, and yet they’re still leading happy and healthy lives.

If you find yourself stressing out about being broke, then you should relax, take a deep breath, and read the tips below on how you can be okay without money.

1. Think of the now

What really puts pressure on people who are broke is that they begin worrying about things that haven’t happened yet.

They start thinking of what happens if they don’t find a source of income soon that they won’t be able to pay the bills for the next couple of months.

This paranoia only worsens when they have a family who’s counting on them to be the breadwinner. They’ll start blaming themselves for things that might happen to their partners and loved ones, thus pushing them down further into negativity and depression.

Instead of going to this complicated and unnecessary route, ask yourself this question instead : what can you do now?

Since you won’t be able to control what will happen in the future, you should put all your attention on what you should do at the moment.

2. Determine the problem

Once you’ve set aside your paranoia, you need to pinpont the cause as to why you’re broke. Maybe you’ve been spending more than enough all this time, you just weren’t aware of it. Or maybe you just got laid off and need to severely cut down on the spending. Figuring out the root cause of the problem will allow you to take action on making your problem go away.

3. Live a frugal life

What causes people to be broke is their insistence on maintaining a lifestyle beyond their means. Instead of purchasing things that they need, they give in to their compulsion of buying things they want instead. As a result, people find themselves going deeper in debt and unable to overcome the poverty they’re in.

By keeping things simple, i.e. buying only stuff that you need, then it will be much easier for you to be satisfied, plain and simple.

4. Cut your credit cards…literally

It is easy to misuse credit cards, given the ease of making purchases using these. There’s a great chance that you’ll develop terrible credit card habits that are difficult to kick. Worse, you will only pile up more debt in the long run, which won’t help with your attempts to gaining more financial flexibility.

The solution to this problem? Cut all your cards! This will remove your power of making purchases in a snap. From here, you need to learn how to budget and spend your money wisely in order to avoid increasing your debt.

5. Cherish the things that you have

Having no money should redirect your focus towards the things that you have: family, friends, passions, dreams, desires, and others. Money cannot buy these things, which is why it is important for you to understand that money is not everything. Regardless of how important money may be, there are a lot of things to live for and do in your life. Expressing your love to your family or making your dreams come true are just some of the things to get your started.

Final thoughts: At the end of the day, money just plays a part in the grand scheme of things. By learning how you can appreciate what you have instead of what you can’t have at the moment, the easier it will be for you to overcome bankruptcy. Like what Carl Bard said: