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Tag Archives: being broke

Society Makes It OK To Be Broke

society says it's OK to be broke

We all know that millions of Americans live paycheck to paycheck and often turn to credit cards to get by until the end of the month. I don’t believe anyone sets out to bury themselves in debt, but there certainly isn’t a stigma attached like back in the old days when you didn’t buy it if you didn’t have the cash. I think our society makes it OK, even revered, to be broke. I had a patient recently who could be the poster child for paycheck to paycheck. He had no idea what his insurance coverage was other than “it was through his wife.” His wife had never been to our office. He was told he’d need to go ahead and pay for the exam and we could reimburse him after we had the correct insurance information. Him:“But I don’t have any money and I don’t get paid until Friday.” Office: “We can reschedule your appointment.” Him: “But I’m playing softball tonight and need a pair of contacts. My last one tore yesterday.” Office: “Do you know what your wife’s insurance plan is?” Him: “She works at the post office.” Office: “Well, we can check some of the more common ...

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Why Are You Still Broke?

When we were struggling with credit card debt and had a negative net worth, it was easy to join in one of the many conversations going on around me by others who were also broke or in similar debt situations. I can remember saying things like this. “I’ll probably owe Visa until the day I die.” “I don’t want to wait until I’m old to enjoy life.” “It’s normal to have debt when you’re young.” “I can’t afford to max out my retirement plan/invest in stocks/save for a rainy day”. How are people supposed to live on so little take home pay?”  I’m Guilty of Throwing Stones I could list many more euphemisms from my debt laden days, but you get the picture. It’s easy to get into conversations with people who are broke. It’s really easy to toss out excuses as to why we’re there as we all go out to dinner in our new cars purchased on 60 month repayment plans. It was also very easy to throw stones at those who weren’t broke, not the flashy ones who brag about wealth while everything is mortgaged and charged to the hilt, but those people who very quietly purchase ...

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