What do you do to avoid being broke?

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Nite

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• Dec 5, 2024

• #61

Pousinha said:

One of my sources to avoid getting broken is adding new activities to my business (the laws of my country let small entrepreneurs to add up to 16 different activities). So when I don't have students, I rely on my door-to-door thrift shop, etc.

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It's fantastic to hear that you're exploring new activities to diversify your business.

 

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Stardom22

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• Dec 5, 2024

• #62

One should find some alternative sources of money that guarantees them the flow of cash at all times.

 

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• Dec 7, 2024

• #63

You could invest in stock market or the real estate, both of them can generate income from dividends or rent.

 

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• #64

Make sure that you are engaged on the money making ventures at all times in your life.

 

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Stardom22

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• #65

I think that being broke is something that is unavoidable. However one should work very hard to refrain from being broke.

 

cherry123

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• Dec 8, 2024

• #66

The simply thing to do is to make sure that your expenses are less than your income. You can choose to reduce your expenses.

 

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Yes, you need to make sacrifices in the short term, such as cutting out unnecessary expenses like dining out or shopping for non-essential items.

 

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• Dec 9, 2024

• #68

I live my life according to my level and do side hustles to avoid being broke.

 

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• Dec 10, 2024

• #69

Side hustles act as an effective means to attain financial stability and work towards your aspirations.

 

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• Dec 10, 2024

• #70

I structure my financial life in such a way that my income sources generate money every week so I don't stay broke.