"Being broke is a temporary situation. Being poor is a state of mind"
About this Quote
The subtext is pure showman. Todd was famous for spectacle and persuasion, and this is persuasion in miniature. If you accept the distinction, you also accept the moral hierarchy inside it: broke people are ambitious and temporarily unlucky; "poor" people are pessimists who deserve their stagnation. The quote hands you agency, then quietly charges you for it, implying that if you don't escape, you didn't think hard enough.
Culturally, it anticipates today's motivational economy - the TikTok grindset, the podcast sermon about "mindset", the idea that optimism is an economic strategy. There's a bracing, almost cinematic energy in turning scarcity into a character test. But it also lets society off the hook. When poverty becomes mental, inequality becomes interpersonal. Todd's intent is to light a fire; the collateral damage is that it can turn compassion into contempt.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Todd, Mike. (2026, January 15). Being broke is a temporary situation. Being poor is a state of mind. FixQuotes. https://fixquotes.com/quotes/being-broke-is-a-temporary-situation-being-poor-147749/
Chicago Style
Todd, Mike. "Being broke is a temporary situation. Being poor is a state of mind." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/being-broke-is-a-temporary-situation-being-poor-147749/.
MLA Style (9th ed.)
"Being broke is a temporary situation. Being poor is a state of mind." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/being-broke-is-a-temporary-situation-being-poor-147749/. Accessed 13 Feb. 2026.








