Continuing to dig a hole after you’ve reached bottom. In How do you get so broke? Part I and Part II, I took you through the steps needed to bury yourself in STUDENT LOAN debt. When all is said and done, you will realize that a broke investor can be broke for only so long until they have had ENOUGH.
By jumping the gun without planning. In How do you get so broke? Part I, I talked about how getting a student loan and using speculative trading strategies can make you a broke investor. As you know, broke investors wind up broke due to the choices they make. Here’s how you end up, even MORE BROKE. Start a business WITHOUT proper planning.
Great question. Every broke investor will, of course, have their own response. The majority of responses will probably not include the most difficult thing to admit, it was caused by themselves.