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You can be broke and you can be poor. Being broke just means you don't have money—been there, left that. But I equate poor with the mindset that repeatedly produces being broke and living paycheck to paycheck.

If you want to make money and stop being poor you have to stick with a tight budget. Stop spending more than you make, and evaluate whether or not you need that super-cool iPhone you just adore. At $70 a month a single iPhone could put food on your table, or the money you save by downgrading to a clamshell "stupid phone" could help pay off the credit card.

Money doesn't solve money management problems. Solve how you manage your money and you automatically keep more. A spendthrift with great social connections is still poor.




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