Financial Literacy - Breaking the Cycle of Being Broke

Now that I am older I can look back on somehome of my own, the second thing was a career
financial decisions I have made and shake mydoing something I was truly passionate about, and
head. Luckily for me I was able to break thethe third was to have enough money to help me
cycle of "being broke." The sad part of my pastachieve what I needed and wanted out of life
is that I wasted so much time and money onwithout relying solely on borrowing money from
things that had no REAL value. It started with mybanks, family or friends.
first credit card at the age of 18 and escalated toMy simple action steps begin at the library where
cars and stupid material things in between.I started reading about budgeting and saving
Being a financially responsible adult was not at themoney, next the book store, seminars, radio
top of my radar. However being successful andprograms etcetera. The light switch came on
looking the part was. So like many young adults Iwhen I heard the voice of Larry Burkett on the
accepted the job that offered me the mostairwaves. Mr. Burkett was one of the founders of
money while purchasing the latest gadgets,Crown Ministries. He passed away July 4, 2003,
designer clothing, and must haves. Hence, rackingbut his teachings will live on within many others
up consumer debt with things I really could notand me. Suze Orman's tough and straightforward
afford. My weakness was cars. I decided tostyle put the "no excuse" motto in front of my
purchase one almost every year. I did this by"broke" mentality and I really got focused about
trading them in and carrying over the negativebeing a financially empowered women. I can name
equity to the new vehicle. Doing thesemany others that helped me see the light but the
transactions was a form of financial rush intwo I mentioned were my first mentors and
roulette in which I later learned a valuable lesson.teachers.
But one of my ultimate car sins happened when ILuckily in my quest to be financially fit, I was able
upgrading into a luxury vehicle by going into ato brake the cycle as well as reach some of my
lease agreement.core goals by finding security in my first home
It was not until I got tired of not having moneypurchase, doing what I am passionate about with
after just getting paid or moving from apartmentwriting and teaching others about financial literacy,
to apartment because I did not like the area orsaving, and giving money towards the things that
my neighbors that I realized I was doingI believe in. Throughout my journey I have
something terribly wrong. I started looking aroundlearned that buying things that only decrease in
for answers and examples of the things that Ivalue or that looks flashy in most cases are really
TRULY wanted out of life. I call these things mynot worth the money. Find out what TRUE wealth
core goals.means and start by educating yourself about
I knew I wanted stability, which for me meant amoney, it's never to late!