What’s up everyone 👋
It’s Holistic. I am a music producer from North Carolina. Currently, I am in the pursuit of becoming a full-time producer/creator.
🎧 Music of the Week: James Arthur - “Always”, Prince Royce - “Morfina”, Yeat - “TURNMEUP”
📚 Read of the Week: “Show Your Work” by Austin Kleon
💭 Quote of the Week: Winners think about what they can make happen; Losers think about what happens to them
💵 Poor vs. Broke
Few topics interest me as much as money. From financial tips to listening to a multi-millionaire talk about his come-up on a yacht. Money is like the currency of the universe. We all feel the impact of our financial status no matter how much we currently have or make.
I grew up in a middle-class family. If I’m being honest, that feels a bit weird to say but hear me out. My family worked for everything they had. No lucky breaks, no handouts, just hard work. My needs were met as a child but I didn’t have it all. My parents were good at meeting my needs and not giving in to my wants.
I used to envy others who had more or had what I wanted at the time. I would see kids with nice phones and wonder why I had a virgin mobile flip phone (90’s baby lol). Their clothes would be name brands that everyone was familiar with and I had what my parents saw fit. If there was nicer out there, I wanted it.
Fortunately, I was not given everything I wanted. This allowed me to understand the true value of things and develop a strong work ethic. I knew I had to work for the things I wanted. It doesn’t take long when you take the small paychecks at your first job to see the importance of wants and needs. I could make sense of living below your means to have a brighter future.
We’ve all heard the terms poor and broke thrown around loosely but they are actually quite different. I know this can be a loaded topic for some so I invite you to read down below with an open mind. I want this to be helpful to anyone going through things, not insult anyone’s current status or behaviors. With that being said, let’s dive in:
Broke — temporary state, abundance mindset, opportunity focused
Poor — restrained access, scarcity mentality, limiting beliefs
The poor person has a self-image of poverty. They believe their financial situation is a result of forces beyond their control. They use poverty as an excuse to justify their circumstances. By no means am I neglecting the role that systemic causes have on people in poverty. In fact, I’ve seen poverty-stricken people be very resilient and resourceful with what they have already.
Anyone may experience tough financial times. What you do when there, and where you go next, are the determining factors that make all the difference. If you view yourself as a victim who doesn't have control over your situation, you prevent yourself from taking beneficial actions.
Poor vs. broke illustrates the contrast between attitude and circumstances. Although circumstances do fluctuate, it's your response that determines the future. Action changes circumstances but attitude controls action. So, it's an attitude that differentiates between someone broke and someone poor.
A person who thinks of themself as poor usually has a victim mentality. If they receive guidance from anyone successful, they have limitless excuses as to why they can't succeed. A poor person will also claim to have tried numerous strategies, none of which worked for them.
A broke person cannot wait to do whatever is necessary to improve their finances. These people know their situation is temporary. They are constantly looking for ideas and inspiration. They study successful people to learn how they have done things. A broke person does whatever is necessary to turn their situation around.
A bit of a heavy one this week but I hope this allows you to see the potential within yourself. It is never too late to go after your goals. Life on Earth is limited so give it your all while you’re here.
With fire,
Holistic
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