No More Excuses: 9 Real Reasons You’re Still Broke

You might remember a particularly fuzzy story in The Huffington Post that came out last year around Christmas, called “The Real Reason You're Single.”

Although much of the advice in the column was controversial or at least unpleasant to read, the thesis came down to this: You can’t blame everything on the world, your circumstances or other people.

In a similar but different vein, today’s LearnVest Daily is dedicated to all the excuses we’ve ever made for why our finances aren’t everything we’ve dreamed:

  • Our jobs just don’t pay enough
  • Our friends are bad spending influences
  • We’re too deep in debt to ever get out

In response to those, we bring you nine reasons you’re broke … when you shouldn’t be.

To view the slide show in one long list, click into the show and choose "list view."

View Slide Show

  • Katherene

    Good article.  Most informative.  Will try some of the suggestions.  Most important if you don’t succeed, try, try and try again.  Don’t give up. 

  • JJ

    I would love to know how to enable “List View”?

    • Rachel

       There’s a link under the author’s byline, above the photo.

  • Jmoss0406

     I really love all of the  reasons they are very informatuve and as a financial coach I must say I can definitely share these with many of my client. but i must add for reason #6 if $1000 after 40 years only turned into $22,000 that is really sad and pitiful cause to have that saved for a IRA wont go very far nor would it last long. I wouldnt have even put my money in that low bearing or no interest account.  

  • Info

    This is great until you have your mother in-law living in the house that didn’t sell, your two daughters in college and your wife in a master’s program. Oh and then there is that small matter of huge energy cost increases that impact the price of every other item you need.  Keep swimming it’s the only way to keep your head above water these days.  Change is coming in the fall…..

    • Nina

      I hope you don’t mean change in the form of a man who could be worth approximately $250 million. I say “could be” because he refuses to release information on his MULTIPLE offshore bank accounts.

      Someone like him won’t put policies in place to help someone like you.

      • Twin22sister


        Both started with nothing     our country started the same way because money meant nothing for there wasn’t any need for money. Do your own research for if you rely on what everyone else says, to include the one it sounds like you are going for. I learned a lot in political science and experience.

  • Marcy

    This is such fantastic information, and completely enlightening! That size 8 dress in  my closet that I really don’t even like but I bought because it’s a size 8….yup. That’s why I’m broke. I wrote an article and linked this on my website last week, Career Girl Network, as well. Thanks for the info!

  • Umi Wang

    In summary:
    You lack drive or ambition.
    You are lazy even in your personal life.
    Birds of a feather flock together.

    • Ginny Chan

      Wealth is about assets you actually have not what you make. It’s not the rate you accumulate income it’s how much you retain. See that’s why you have so many high earners in this country that are not financially independent. They could save a huge portion of cash if they lived significantly below their means but the American way encourages you to spend it all keeping you dependent and living paycheck to paycheck.

      I graduated with my MBA last year and got a job making 55k . I drive a 1996 Maxima with over 200k miles, I get bare minimum $25/month insurance (from 4AutoInsuranceQuote), I carry my lunch to work, have 0 credit card debt, invested heavily in my 401K, over 20k in my personal trading account and over 25K in my savings. All because I only buy what I NEED and not want. Everybody wants, wants, wants…then they still want more. What’s wrong with just the basics? I go out to eat occasionally, go to bars with friends, vacations, etc. people just don’t have respect for their finances, they just swipe the card and keep walking. Every time I got a check when I was younger I’d always go and put 10% into my savings account. I guess working hard all my life and growing up on a farm helped me appreciated the simple things in life rather than the materialistic.