Monday, March 21, 2011

Why Aren't You Rich? Here are 10 reasons why...

Dear Curious Mind Subscriber,

As promised, here is the continuation to yesterday's post...  5 more reasons why you aren't rich.

In reality, it is probably not just one of the habits listed that has kept you from becoming a millionaire, but a combination of a few of them. Take a hard look at the list, and do some reflecting. If you want to be a millionaire, it's well within your power, but you'll have to face the issues that are currently keeping you from creating that wealth before you will have a chance to call yourself one.

1/ You Try to Make a Quick Buck
For the vast majority of us, wealth doesn't come instantly. You may believe that people winning the lottery are a dime a dozen, but the truth is you're far more likely to get struck by lightning than win the lottery. This desire to get rich quickly likely extends into the way you invest, with similar results.

2/ You Rely on Others to Take Care of Your Money
You believe that others have more knowledge about money matters, and you rely exclusively on their judgment when deciding where you should invest your money. Unfortunately, most people want to make money themselves, and this is their primary objective when they tell you how to invest your money. Listen to other people's advice to get new ideas, but in the end you should know enough to make your own investing decisions.

3/ You Invest in Things You Don't Understand
You hear that Bob has made a lot of money doing it, and you want to get in on the gravy train. If Bob really did make money, he did so because he understood how the investment worked. Throwing in your money because someone else has made money without fully understanding how the investment works will keep you from being wealthy.

4/ You're Financially Afraid
You are so scared of risk that you keep all your money in a savings account that is actually losing money when inflation is put into the equation, yet you refuse to move it to a place where higher rates of return are possible because you're afraid that you will lose money.

5/ You Ignore Your Finances
You take the attitude that if you make enough, the finances will take care of themselves. If you currently have debt, it will somehow resolve itself in the future. Unfortunately, it takes planning to become wealthy. It doesn't magically happen to the vast majority of people.

Becoming the millionaire you want to be does not happen overnight.  Yes, you may be in luck to win the lottery and become a millionaire tomorrow, but without knowing how to manage your finances this will be all gone quickly than you expect.

For you to be rich and start living the life you dream of, change of habits - planning - goal setting and learning how money works are things you have to look into.  

Other people our rich not because they are more intelligent than you are but  because  they have the  strong desire and commitment to become one.   YOU CAN BE ANYTHING YOU WANT IF YOU SET YOUR MIND TO THIS GOAL.

If you need a financial mentor and get insights on how rich people think, why not consider joining the Truly Rich Club - click here.

PS1:Did you find this article useful? Please share with your friends, they may like it too.

PS2: Knowledge is Power. Subscribe to receive regular posts about our favorite topics.
Enter your email address:

Delivered by FeedBurner

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...