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Top 10 Reasons Why You Always Feel Broke Despite Earning More
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Apr 24, 2025
Earning more but still living paycheck to paycheck? You’re not alone. In this video, we reveal the top 10 reasons why many people feel broke no matter their income. Learn how to fix hidden spending habits, mindset blocks, and money traps so you can finally feel in control of your finances.
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have you ever gotten a raise or landed a
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better paying job only to still feel
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financially squeezed at the end of each
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month you're not alone millions of
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people earn more today than they did a
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few years ago yet they still feel broke
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stressed about money or constantly
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living paycheck to paycheck the paradox
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of earning more and still struggling
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often lies not in how much you make but
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in how you manage spend and perceive
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money in this video we explore the top
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10 reasons why you may always feel broke
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despite an increasing income and what
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you can do to break the cycle one
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lifestyle creep eats your pay raise one
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of the most common reasons people still
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feel broke even after earning more is
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lifestyle inflation as your income
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increases your spending tends to rise
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along with it sometimes even faster than
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your paycheck you upgrade your car move
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into a bigger apartment subscribe to
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more services and dine out more often
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what used to be luxuries suddenly feel
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like necessities the problem is that
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your savings and investments don't
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increase at the same rate if every raise
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goes toward new expenses your financial
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stress won't disappear it'll just wear
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fancier clothes two you're not budgeting
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with purpose many people abandon
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budgeting once their income increases
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assuming they've outgrown the need to
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track spending but budgeting is just as
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essential if not more when you earn more
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without a clear financial plan money
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slips through the cracks on random
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purchases unnecessary subscriptions or
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impulse buys a lack of intentional
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budgeting creates the illusion of
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scarcity even when you're earning well
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the trick is to give every dollar a job
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whether it's going to savings
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investments debt repayment or guilt-free
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spending without purpose income is power
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wasted three debt repayments are
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draining your cash flow as your income
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grows your access to credit often
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expands too many people fall into the
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trap of financing cars carrying large
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credit card balances or taking out
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personal loans because they can afford
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the payments but these monthly
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obligations pile up reducing your
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available cash and increasing your
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stress even if you're earning more a
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significant portion of your income might
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be going toward interest payments
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instead of building wealth if you always
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feel broke take a hard look at how much
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of your income is tied up in consumer
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debt four you don't pay yourself first
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another major reason for feeling
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perpetually broke is failing to
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prioritize saving and investing when
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your paycheck arrives you may pay your
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bills cover your spending and only save
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what's left if anything this backward
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approach guarantees that you never
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accumulate wealth even as your income
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grows the most successful people flip
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the formula they pay themselves first by
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automatically setting aside a portion of
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each paycheck for retirement emergency
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savings and investments doing this
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consistently builds a financial buffer
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that eliminates the always broke feeling
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over time five your fixed costs are too
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high many people overspend on recurring
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expenses like rent car payments
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insurance or student loans thinking that
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these are
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non-negotiable but fixed costs when too
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high leave little room for flexibility
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savings or unexpected expenses you may
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feel broke not because you don't earn
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enough but because you're locked into an
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expensive lifestyle downsizing your home
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refinancing your loans or re-evaluating
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your car can provide relief and help you
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regain control over your cash flow
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lowering fixed expenses is one of the
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most powerful ways to stop feeling broke
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six you don't track where your money
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actually goes it's easy to assume you
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know where your money is going until you
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track it for real many people
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underestimate how much they spend on
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takeout shopping subscriptions or
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entertainment when you don't track your
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expenses your money disappears without
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accountability you might believe you're
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spending a little here and there but
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over time those little leaks sink your
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financial ship use budgeting apps
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spreadsheets or even pen and paper to
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monitor your actual spending awareness
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alone can be the wakeup call you need to
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stop feeling chronically broke seven you
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lack clear financial goals earning more
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money without setting goals is like
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driving faster without knowing where
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you're going when your financial efforts
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lack direction it's easy to blow through
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your income on short-term pleasures
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without building anything lasting
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without a vision whether it's owning a
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home retiring early starting a business
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or becoming debt-free money feels
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fleeting and purposeless goals give your
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income meaning they help you make
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decisions with intention and prioritize
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your resources if you always feel broke
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it might be because your money doesn't
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have a mission eight you're keeping up
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with the Joneses comparison is a
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financial killer seeing your peers
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flaunt vacations new homes trendy
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gadgets and lifestyle upgrades can tempt
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you to spend beyond your means social
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media magnifies this effect by showing
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only the highlight reel of others lives
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not their debt stress or regrets trying
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to keep up leads to overspending under
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saving and resentment it creates an
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artificial standard that's impossible to
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meet sustainably the more you compare
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the more broke you'll feel even if
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you're doing well focus on your goals
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and values instead of trying to impress
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others nine you're not investing in
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income producing assets feeling broke
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can persist even at higher income levels
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if you're not putting money to work if
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all your income is active meaning it
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requires your time and energy you're
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constantly in a cycle of earning and
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spending on the other hand investing in
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income producing assets like stocks
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rental property or businesses creates
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passive income which builds over time
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and reduces pressure on your primary job
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without this shift you'll always feel
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like you're starting over with each
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paycheck to break the cycle start
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building assets that earn money for you
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10 your mindset is trapped in scarcity
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even with higher income a scarcity
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mindset can make you feel broke if
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you're constantly anxious about money
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catastrophizing future expenses or
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feeling like it's never enough no amount
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of income will fix that many people who
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grew up struggling financially carry
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those fears into adulthood even when
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their financial situation improves while
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awareness of financial risks is healthy
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living in fear of running out can be
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paralyzing shifting your mindset from
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scarcity to abundance while still
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practicing discipline is key to feeling
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secure empowered and in control of your
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money feeling broke despite earning more
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isn't just a financial issue it's a
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mindset a behavior pattern and sometimes
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a lifestyle design problem it's rarely
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about not making enough and more about
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what happens to your money once it
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arrives from lifestyle creep to poor
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budgeting from debt loads to financial
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comparison traps the reasons are both
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emotional and practical the good news is
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that these habits can be changed
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awareness is the first step by examining
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your spending setting meaningful goals
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building passive income and paying
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yourself first you can reclaim your
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finances and start feeling truly wealthy
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regardless of your income level the goal
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isn't just to earn more it's to live
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better with purpose clarity and peace of
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mind
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#Financial Planning & Management
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