RobertAre you going to Hawaii on your vacation ?
JamesNot this year.
RobertWhy not ?
JamesFor a good reason, I am broke.
RobertOh! Come on.
JamesSeriously, I am flat broke.
Explanation :
If you are broke, you have no money.
If a company or person goes broke they lose money and are unable to continue in business or to pay their debts.
If you go for broke, you take the most extreme or risky of the possible courses of action in order to try and achieve success
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