What to do when you are Broke to Start Making Money

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Last Updated on September 1, 2021 by Mikebush The Rich Lazy Asshole

What to do when you are completely broke will be the determinant of your mental and financial toughness. No one would tell you this; “you become highly creative and hyperactive only when you are completely broke.” Might be you have noticed, right? Yea, sure, 90% will definitely agree with me that it happens all the time.

When you dip your hand in your pocket and can’t find a single dollar, you still haven’t paid off your mortgage, and the credit card company is on your tail. I sincerely don’t want to be in this situation, but funny enough, many of us still find ourselves in such a situation – or will still see. Whichever happens, just know that you aren’t alone in the struggle. Statistics have shown that one in 10 people all over the world is suffering from the same “financial limitation.’

what to do when you are broke to make money

When you visit online forums, you see cries of people almost in the format like;

“I need money to pay my rent.”

“Broke and unemployed, I need money fast.”

“I am sick, and I can’t pay my bills.”

And many other lamentations from people around the globe

Despite lots of financial awareness on how to stay frugal and live below your means, people still go broke. Why it happens; we can’t possibly say.

I will tell you what to do when you are completely broke and you’ve rocked the ground bottom, but it is up to you to put it into practice.

Steps to take when you are completely broke to recover financially

quote for someone who is completely broke

Evaluate what made you go broke

Unless you’ve been broke from birth – then you should sit down and discuss your financial life with yourself. Doctors would tell you that diagnosis is the first step towards the treatment of any illness. Since you are financially sick, you have to diagnose what got you into that state.

  • Excessive spending
  • Spending without a budget?
  • Debts?
  • A limited source of income
  • Does demand outweigh supply?

There are a thousand and one things that can make you hit rock bottom financially. Once you can figure it out, you can then decide on the proper solution to the problem. Funny enough, I have seen people who had more than one single cause of their broke state. You might fall into the same category as those people, but you have to figure out what is (are) the cause(s) of your broke state.

Develop a Recovery Plan

How do you bounce back to financial freedom when you are completely broke? It might seem quite impossible, but human evolution has shown that there is nothing like an impossibility. Your plan should center around when, how, and what you should do to create streams of income.

You might decide to go the illegal route, good luck, or you roll with the fantastic ideas I would give out in this article. Your plan should come with deadlines to enable put a time frame and condition your mind to be up and working ASAP.

Recovery plans might include;

  • Attending free seminars
  • Hooking up with people who are financially okay
  • Picking up recommendations and working with it
  • Starting up something

Each of the actions listed above should come with a deadline like I earlier mentioned. It would help you position yourself to achieve your aims much faster.

Focus on Experience

Experience is a great teacher, I expect you learned from it. Following your new endeavors, you want to be guided by experience, and you must not repeat past mistakes. The truth, however, is that while restarting with loads of experiences, you can outperform other beginners.

Even if you fail to reach your objectives, you’ll realize that you performed better than the first time.

Should you focus everything on experience entirely? No. The experience is just to guide you, but you can learn new things to become better while making money after being broke.

Get down to work

No need to whine about your condition; it is time to get down to work. I will give you a list of money making opportunities you can engage in when you are completely broke. It doesn’t require investments, but you should have the right skills to engage in them. If you have the mindset to pay your bills, then you should consider any of the following ways to make money without money.

How to Raise Money when you are Broke

Sell pieces of stuff you don’t need

When the going was good, you probably acquired a few liabilities without an idea that they weren’t good for your finances. Now the veil has been torn, and you just realized it would be best you cash out from them. You might not be able to sell them at the same amount you got em, but no cash is bad cash.

how to avoid being completely broke

  • The golden wrist-watch
  • Gaming console
  • iPhone
  • Pieces of jewelry
  • And many others you might have…

The only thing you need now is money to start something, and those pieces of stuff will be the only way out. No need to look for loans, soft or hard, whichever; the last thing you would want is adding more loans to your situation. But if you think you can part with any of them, you can then consider other options.

Do Manual Jobs for People

It isn’t a bad idea to do some demeaning jobs when you don’t have money. It is some of what to do when you are completely broke. There are lots of manual jobs you can startup. I had to go wash dishes in a Chinese restaurant close-by my crib. It wasn’t fun, but I used it as a stepping stone to raise the funds I needed – since I already had a plan.


Forget every other thing, you need cash, and you need it asap. It doesn’t matter anymore. What needs to be done has to be done. There are little things you can do that can legally put cash into your pockets.

  • Babysitting
  • Walking people’s dog
  • Washing dishes in restaurants
  • Pickup and delivery of groceries
  • Housesit
  • Do laundry for others

I can go on and on, but the fact is that when you look around you, you will discover the needs of people. You can go ahead and fill it; that in return would put money into your pocket.

Sell Fakes

You can sell fakes illegally and make money as a broke person. If you do not want to leave your comfort zone, you can sell the items online, especially using the dropshipping method. Refer to my guide on Shopify dropshipping cashout to learn about dropshipping.

You can open the dropshipping site and link to any e-commerce website such as AliExpress. I also have my way of selling fakes on platforms such as eBay and Depop. Refer to my article regarding selling fakes on eBay and getting away with it.

You can also apply the skills to fake clothes selling on Depop. It is Illegal to sell fakes, but if the platform you use permit you to specify fakes and originals, then it’s legal. However, the fakes must not be branded as the original because it’s against international trading law.


To get money for the business, you plan to start; you can shoplift expensive items and resell for their value and cashout.

See my shoplifting guide for beginners to learn the ethics and methods of shoplifting and getting away with it.

Getting caught for shoplifting attracts a mild punishment, including a short jail term. I do not advise you to shoplift, but you may give it a try if you can.


Carding a modern method of stealing money from people. It involves using their credit card details to shop or transact online.

You don’t need a physical credit card to card, but if you have the physical card, consider using a POS to withdraw money. However, it is illegal, and if the person finds out you stole from their bank account, you’ll be penalized.

Refer to my beginner carding guide to learn the skills and understand how carding works. You can search this site for several carding methods to use.

Invests your Proceeds

Now you have the cash, don’t spend it – don’t even try it. There are several small businesses you can set up, investments that are secured that you can undertake, and online businesses that can make you about $400 in 2 months. Any of them should be the right place to invest the little money you have. There are also other ways to make money that are legit and pays straight up.

what to do when you are completely broke advice

Guess what? You can even start a niche website and make money blogging. The result might not be instant, but you can create a lifetime source of income from there. I also recommend you try out Amazon Kindle publishing. It gives a faster ROI than blogging if you are dedicated to making money from it.

Any need to still trying to figure out what to do when you are completely broke? I guess this post has solved and answered all emerging questions.

Your Turn

Have you ever been broke? Share what you did that made you money. If you have questions, please ask them using the comment section.


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