• 05/10/2022

Got Wealth? Here’s Five Simple Reasons Most People Won’t Get Rich…and How You Can!

Got Wealth? Here’s Five Simple Reasons Most People Won’t Get Rich…and How You Can!

What did I learn about wealth building from interviews with over 43 self-made millionaires?
After going through one interview 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 build wealth like them too. If you don’t understand and do what they do, you don’t get wealth. It’s really that simple.
Here are five simple reasons most people will never get rich
and how to make sure you do:
Reason 1: Waiting to Start
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.
Reason 2: Being Financially Illiterate
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…
Reason 3: Focusing on Linear Income Instead of Passive Income
One of the millionaires 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. 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.
Reason 4: Not Understanding or Using Systems for Making Money
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.
Reason 5: Not Being Persistent or Patient Enough
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 five 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.