5 Simple Reasons Most People Will Never Get Rich And How To Make Sure You Do!
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5 Simple Reasons Most People Will Never Get Rich and How To Make Sure You Do!
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I received this in my email and just want to share!!!
What did I learn about getting rich by interviewing
over 51 self-made millionaires?
Well, after interviewing one famous self-made
millionaire after another I realized many of the
secrets that make them rich while others continue to
struggle.
When you understand and do what self-made millionaires
do, you get to become one of them. If you don't
understand and do what they do you don't get to become
one. It's really that simple.
Here are 5 simple reasons most people will never get
rich and how to make sure you do:
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Reason #1 - Waiting to start:
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Most people don't want to wait for success. But, at the
same time, they are willing to wait before getting
started on the road to success.
Do you see the problem here?
The longer you wait to get started, the longer it will
be before you get the money, success, and lifestyle you
want.
Many people are waiting for everything to be perfect
before they get going. Therefore, they never get going
and never get the rewards.
No race has ever been won (or even finished) by someone
who never left the starting line.
Don't wait to get going. Start today on the road to
success.
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Reason #2 - Being financially illiterate:
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The cornerstone of all wealth is understanding the
difference between assets and liabilities.
The difference is this: Assets put money IN your
pocket. Liabilities take money OUT of your pocket.
Most people think their home, car, and other
possessions are assets.
But, the truth is that in most cases those things take
money out of your pocket. They COST you money. They
don't MAKE you money.
Therefore, by the true definition above, those things
are liabilities.
They take money OUT of your pocket each month.
When you have more money coming IN from real assets
than you have going OUT to pay for liabilities, you
will be financially free.
There is only one way to do this. Which brings us to...
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Reason #3 - Focusing on linear income instead of passive income:
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One of the millionaires I interviewed said it simply.
He said, "if you're not making money while you sleep,
you'll never be rich."
Linear income is what you get from a job. You work for
an hour and get paid only one time for that one hour's
work, and that's it.
Passive income is when you work once but continue to
get paid over and over again from work you're no longer
doing.
Investing in or creating true assets that provide
passive income for you is your ticket to wealth.
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Reason #4 - Not understanding or using systems for making money:
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A system for making money is anything that allows you
to make money without your own effort. In other words,
it's an automated way to make money.
All true assets are simply "systems" of one sort or
another.
Once you create or invest in a proven system for making
money, there is no limit to the money you can make.
Becoming a master of money systems can bring you riches
beyond your dreams.
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Reason #5 - Not being persistent or patient enough:
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To finish any race you have to leave the starting line
and follow through to the finish line.
Most people create their own failure by either not
getting started or not following through, or both.
To get rich, successful, and happy you must have the
patience and persistence to cross the finish line. You
must not only get started, but also follow through.
This may sound obvious, but it's still the cause of
most failure.
Only by joining the small percentage of people who are
willing to do the 5 things mentioned above will you
have the greatest chances for wealth and success.
It's really quite simple...Decide to do these things
and you can get rich too. If you don't do them, then
like most people you may never get rich.
Decide now to master the ideas mentioned above and
begin your road to success now. Then follow through and
watch the difference it makes.
Very good article, a nice read for all.
Mike
Great Post! Something every newbie ESPECIALLY needs to hear
I am glad it will be able to inspire more people, and help us all reach our goals.
the [Donald] Trump man speaketh!
nice.
This article certainly stimulates our motivation which is what sometimes we loose during the starting process.
Very good article.
Thanks for the encouragement!!
My hats off to you kmaples, Great post.
Very good article. Thanks for posting!
[addsig]
EXTREMELY USEFUL INFORMATION, STRAIGHTFORWARD AND ESSENTIAL IN THOUGHT PROCESSES FOR THOSE WHO CRAVE SUCCESS!
THANK YOU FOR MAKING THIS AVAILABLE!
Mr. Lee
Thank you, I am just glad to here that it has touch so many others, and will continue to touch others as it is passed on
Great advice, Thanks for the encouragement!
Great Post, somebody told me once that you can make money or you can make excuses, but you can't make both!
great post. an article that applies to any business, not just REI.