Starting over after 50 and broke is going to take some radical action to get you back on track. How to start over at 50 with no money is going to involve a few clear steps. Get a clear picture of your finances, and figure out your net worth and cash flow. Stop any bleeding i.e. money that is just bleeding out of your accounts for no good reason. Working on clearing any expensive debt. Start rebuilding your credit score by using free credit score apps to review and correct the damage done. Start saving: save first and spend what's left not the other way around. Collect the free money from any employer's pension contributions. Save up an emergency fund of at least 3-6 months. Then start investing for the future in income-producing assets like stocks, property, and businesses. Keep doing this until you are wealthy.