Tavis Smiley was interviewing Dr. Julianne Malveaux a few nights ago and she made the statement that broke and poor where two different things.  The full statements was, “Well, broke and poor are two different things. Broke is a state of pocketbook. Poor is a state of mind.”

After reading that, after seeing that I’m not all the way convinced that they are all that different.  I understand that they are fundamentally different in nature; but when used in the context of finance, not so sure.

Full interview: