#025 Three Reasons Why You Should NEVER Say You Are “Broke”

If we agree words have power, then why should you never use the term “broke” to describe your financial status?

Words are incredibly powerful. On the battlefield, did generals and military leaders stand silently before a charge or did they turn to their troops and give a compelling, passion-fueled speech to build up their bravery before they raced into blood-thirsty battle?

In martial arts, they teach you to give a shout before landed a major punch or kick. Why? Because its scientifically proven to create more power.

The discussion around words is all through religious texts. Most democratic countries are based on the concept of “free speech”. In China, you can be stripped of your job and have your entire family jailed and sent to re-education camps for speaking negatively about the government. In North Korea, they will shoot you in the street for saying something negative about the current ruler.

All this because of the power of words.

Proverbs 15:4: “Gentle words bring life and health; a deceitful tongue crushes the spirit.”

So now that I’ve made the case for the power of words, lets dive into four primary reasons you should never use the phrase “I’m broke” or any variation of it when referring to your financial situation.

Reason 1 – Because of the severity of its definition.

Broke falls under break which means: 

-       to separate into parts with suddenness or violence

-       to cause an open wound

-       to render inoperable

People are struggling with personal finance across the developed world. While broke is an accurate term for the state of our financial educational system, it is not a proper definition for your ability to change your financial state.

Reason 2 – It provides no hope for improvement.

The only thing that makes words more impactful is repetition of those words. People who call themselves “broke” reinforce more than their financial state to their psyche. They are building a case not to change.

Think about it in the context of these conversations.

“How’s your diet coming along? I know you said you were trying to lose weight.”

“Unfortunately, my diet is broke.”

“What’s the status of your school project?”

“I was working on it but its broke.”

“Have you tried to reconcile with your sister about the argument you had?”

“I would but our relationship is broke.”

Doesn’t these responses make the situation sound dire? Hard to fix?

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If working a 9-5 for 60 years so you can retire with a little money and die a few years later is what you want to do, then this is not the podcast for you.

Stephen is an executive coach that works with executives and entrepreneurs to build the life that they want, personally and professionally.

This podcast is about contrarian investment strategies around time, energy and money to build the 4 types of wealth and utilize lifestyle design to create the life we want. The interviews are with hi-earning individuals on how they make money so you can copy us and grow wealth too!

Reaching that first $100k milestone is crucial and then the game changes.

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