By Matt - Thursday, August 21st, 2008
The idea behind the title of You’re Broke Because You Want to Be is a very profound one; your financial situation is the way it is because you chose it to be that way. Most people would start citing excuses or reasons why it isn’t but the reality is if you wanted your financial situation to be different from what it is then you would make the necessary changes. The general premise behind this book isn’t a new one and its one that I agree with whole heartedly – you are ultimately responsible for your actions regardless of what they are.Larry Winget’s book takes it a step further and forces you to think about it a bit deeper. If you’re in debt, heavily in debt, the actions you take will dictate how your financial future unfolds. If for example you decide to spend money you don’t really have then you’re going to continue being in debt regardless of how much you complain about it. I know this is true because over the past few years my financial situation has stagnated; although there might have been some positive movement I’m still roughly where I was a couple years ago.
You’re Broke Because You Want to Be takes a very hard no nonsense approach to the problem and makes you confront the issue without giving you room for excuses. The bottom line is how you spend your money really makes a huge difference and if you continue to do what you’ve done then there is no way you can possibly expect any form of change in your situation.
Money Defines You
This was a great statement from the book that really caught my attention. In a world that likes to sugar coat a lot of stuff this one statement is truer than many I’ve read in personal finance books. How much money you have defines what you do and how you do a lot of things. People spend more money than they make and the net result is then end up in debt. They become defined by this debt and then the excuses really start flying.
I really enjoyed You’re Broke Because You Want to Be and I highly recommend it to anyone whose financial situation isn’t as good as they would like it to be. The no nonsense down to earth approach Larry Winget takes really forces the issue and I enjoy reading his books. They force me to get angry with my situation and this forces action. The other thing that I really like about Larry’s style is the fact that he places great importance on education and improving your situation; it really takes the wind out of all situational arguments.
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