Why Most People Stay Broke & How to Correct It

Cait Mack
2 min readAug 26, 2022

Fix Your Sh*t: Volume 92

Towfiqu barbhuiya

You’ll hear a lot about why people are poor. How they can’t build wealth. Life is rough. And a million other things.

But the bottom line isn’t that complicated, so let me simplify.

The cost of living + poor choices.

That’s why most people never build wealth.

When you go into debt for an art history degree in a city that costs minimum 5k/month to live…you’re setting yourself up for failure.

When you can’t say no to your kids so you go into debt buying them designer clothes, the latest iPhone and a new car…you’re setting yourself up for failure.

When you can’t say no to yourself, to your dining out, your bar tabs, etc... you’re setting yourself up for failure.

If on the other hand you…

  • learn how to live below your means
  • increase your income
  • invest
  • build high income skills
  • find a high paying remote job while moving to somewhere low cost
  • delay gratification

…you set yourself up to win.

Make better decisions. Find better cost of living areas.

Control what you can control. And stop making excuses.

Excuses cost too much.

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Cait Mack

I simplify everything so you can focus on crushing life FREE resources: caitmackcs.gumroad.com