What I Learned From Being Broke

Today's post is a guest post written by Lev A. Karasin. Lev is an inspiration to me and is one of the reasons I decided to start a 30 day writing challenge. Lev runs his own blog, and although English is not his first language, he manages to write a post in English every single day. I was inspired by Lev's vulnerability and ambition, and today, I want to share one of his posts with you. To learn more about Lev, visit his website at www.karasingroup.com.


Poor and broke are not the same. Being poor is a mindset, being broke is having no money.

Life wouldn't all be that bad if you went broke. I am not coming from a position of having nothing right now, but I was at one instance at my lowest point in my life when I had nothing. In fact, I was in debt many thousands of dollars.

Strange things happen when you are cornered. You begin to fight your way out, you do things you normally wouldn't when you get outside of your comfort zone. You take on challenges and you find grit within you.

Your true hustle comes out when things are tough. The trick is maintaining that hustle once things get comfortable again. Many millionaires went from being rich to being broke, then back to being rich. Donald Trump comes to mind.

I am veering off topic here, so let's stay on track by analyzing what life would be like if you were broke.

Life is a miracle. Every sequence of event that occurred in your life, in your parent's life and so on, made it possible for you to be here now. So why do we appreciate more when we have less, and appreciate the wrong things when we have more?

I think distraction plays a big role in our lives, both extrinsically and internally. We forget that necessities are vital when we have an abundance of them. Abundance distracts us by thinking about how to attain more instead of living in the present and appreciating what we already have.

You don't need to go to a third world country to experience the simplicity of the lives of people who have nothing except for one another. This can happen to you at any point in time. You can lose everything. 

I did. 

What has that done for me?

It has made me work harder, and think differently about the journey I am on. It's allowed me to respect myself and others around me. However, it was only when I began to not feel financial free again when I started to understand myself more. I began investing in myself and appreciating who I am.

When I began appreciating who I am, things escalated for me financially and emotionally in my life. I can't speak for the people around me, but I am sure that the impact I made in my life is evident in the people around me.

Life is a test. It will test your character, it will test your willingness, it will test your beliefs and it will test your mindset. The true test will come when you are put in uncomfortable situations.

Just remember that money comes and money goes. You can always make more and you can always lose it all. 

What you can't do is gain more time. 
What you can't do is lose your wisdom. 
What you can't do is live without oxygen, water, or food.

Even though we know these things, we are resentful when our coworker gets a promotion, when our neighbor gets a new car, or when our brother buys a new house.

When I came back from my deficit and began earning and saving more, it gave me the freedom to be able to work on myself. If you yourself are broken, everything else will be broken too.

What I mean by that is if you don't know and understand yourself, it will be a challenge. I don't want to use the word impossible, because everything is possible. It will be a challenge becoming better and growing.

Don't get lost in the hustle. Instead be conscious of the hustle. Know yourself and how you can push those boundaries of challenging your growth.

Just remember, you can always get more, so why not appreciate what you already have? The saying goes "someone else is happy with less than what you have".

I am not saying being broke is fun and that's where you should be. What I am saying is that you should work on your mentality. Your mentality will determine whether you are broke or rich. 


Written by Lev A. Karasin. To learn more about Lev, visit his website at www.karasingroup.com.