Most people stay broke due to mindset rather than incapability.
Factors contributing to people staying broke include fear of failure, limiting beliefs, lack of financial education, and staying within comfort zones.
Wealthy mindset focuses on finding solutions, embracing failure as a learning opportunity, making money work for them, and investing in growth.
To break the cycle of being broke, one can start by rewriting their money story, learning new skills, taking action, investing in self-development, and staying persistent in their efforts.