How Can You Break Out Of Financial Lack When You're Totally Broke? Here Are Practical Tips

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Being totally broke and feeling hopeless can be overwhelming. If you are in that kind of situation, the first thing I advise you to do is to remember these facts…

1. You are not the first person ever to be in that kind of situation. I, too, have been there.

2. You are not the only person in that kind of situation right now. Instead, there are many more.

3. Many people who have been in that kind of situation have overcome it. So can you. I am an example here.

4. Don't expect miracles. Instead, believe in the abilities that God has put inside you already to help you.

5. Being broke can easily lead to your death unless you take effective ACTION against the situation.

With the above points in mind, calm yourself down, pray briefly but heartily, then, get up and start taking practical steps to get out of the ugly situation.

Once you are ready to do this, below 👇 are some practical steps to help you break out of financial lack as soon as possible from your zero position…

NOTE: 

1. This may not be like most info you've been getting online. So, take time to go through it without presuming that you already know what is being said.

2. Each of these tips will have their difficulties. So, get ready to do them anyway. For instance, ensure you kill laziness here and now, as in, HERE AND NOW👈

3. Save this post to enable you refer back to it as you implement the tips.

4. If you need more help with carrying out any of the tips, feel free to email awakedigest@gmail.com describing your difficulty and how you need help.

Short-term Solutions

1. Sell Unneeded Possessions And Do This

Look around your home and sell items you no longer need or use. You can even sell some items you still use but don't need. It can be a gadget, a landed property or even scrap iron (like old tools, vehicle parts, doors and windows, etc.).

This can help you to generate some quick cash. But, you should sell these things solely with the mind to invest the money. Investment simply means whatever you'd do to make an amount of money to give birth to more money. So, DON'T start thinking about crypto currency or stock exchange at this point.

We'll talk more about smart street-level investment shortly…

2. Do Freelance Work 

Again, when I say freelance work, I don't want you to start thinking about Fiverr, Upwork, or TaskRabbit. Those are good but they may waste your time.

Instead, for a really fast result, think about offline work you can do for someone TODAY or TOMORROW. Ask yourself, “what can I do that someone somewhere needs to do?” Listen to yourself and the answer will come.

Even if it means getting dirty, do the work as long as you CAN do it. But do it with a target: To invest the money as earlier said👆. Almost any amount of money can be invested as you are going to see.

3. Ask Friends Or Family For Help 

Reach out to loved ones for temporary financial assistance or support. Again, you may be careful about getting insulted, but remember what I said earlier: Each tip has its difficulty.

Also, ask for the money with the mind to invest it as we are going to see shortly.

Long-term Strategies

Once you have raised some money through the above short-term strategies, don't waste a second to embark on the following long-term strategies:

1. Think Investing

Think of anything you'd do with the money to bring in more money AS SOON AS POSSIBLE. Is it to buy food to enable you to do new work you found? That's investment. Is it to buy airtime and call some old friends who might be willing to help? Oh, that's investment. 

Is it to print your CV at a business center to enable you to apply for a job you're likely to get? My dear, that's investment. Or, is it to buy data to advertise an old skill you have that many people need?

But, at this point, prioritize investments with the quickest return. For example, prioritize a job in which you'd be paid today over the one in which you'd be paid in a month or in a week.

Just let your mind be set on how to multiply whatever amount you have as soon as possible.

2. Create A Budget

Don't spend even a dime of the money you realize on anything that's not likely to bring in more money into your account. To ensure this doesn't happen, make a realistic budget to manage the money effectively. This is to say: Write down the things you need to do with money in an order of priority and attach the amount of money you expect to spend on each item.

For example…

Breakfast - ₦1,000

Data - ₦1,000

Airtime - ₦500

Printing of documents - ₦1,200

Transportation - ₦2,000

That's a budget👆. And, let that become your habit going forward.

3. Develop New Skills

As you comply with the above tips, you'll start seeing money growing in your hands. But, don't relax and start spending it. Instead, also invest in yourself by learning new in-demand skills or improving existing ones to increase your earning potential.

4. Find A Part-time Or Full-time Job 

As your finances get better, look for more stable employment opportunities to stabilize your financial situation. You can see me using the words “stable” and “stabilize” together. I've done this on purpose because at this point, you should focus solidly on becoming financially stable. In other words, you should try to have a source of REGULAR income. Even if it's not huge yet, let it be regular.

5. Start A Small Business

As a part of getting financially stable, identify a profitable business idea and take calculated risks to start a small venture. You can save a part of your salary for a few months to provide the capital you need for this.

You don't usually need a lot of money to start a business. What you mostly need are your abilities (what can you do well enough?), your positive passions (what field of human endeavor do you love a lot?), and your connections (what kind of people do you have access to?).

6. Explore Financial Assistance Programs

Research government assistance programs, non-profit organizations, or community resources that provide financial aid.

Mindset shifts

As you do all these things👆👆👆,

1. Stay positive and motivated: Focus on solutions rather than problems.

2. Be proactive: Don't wait for anything to happen. Instead, make things happen.

3. Cultivate the attitude of gratitude: Appreciate what you have, no matter how small it may seem.

4. Avoid debt like a poisonous snake: Debt can only worsen your financial difficulties.

Finally, if this has helped you in any way, don't fail to share it with someone or some people who might need it. This is because…

1. We are all safer when more people are financially comfortable. 

2. Your spirit attracts more help the more you seek to help other people genuinely. I can tell you this from real-life experiences.

Thank you.