The reasons why most people will never get rich!
It is only when you really understand what self-made millionaires do that 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 the five main reasons why most people will never get rich, and how to make certain that you do:
Reason #1: Waiting too long to start.
While most people can't wait for success to 'happen' to them, at the same time, they are willing to wait before getting started on the road to that success - completely forgetting the fact that the longer you wait to get started, the longer it will be before you achieve the money and the lifestyle that you seek!
No race has ever been won, or finished, by someone who never even left the starting gate!
Reason #2 - Being financially illiterate.
The very cornerstone of all wealth lies in your ability to understand the difference between assets and liabilities. And the difference is this: Assets put money IN your pocket, while liabilities take money OUT of your pocket.
Most people in our society think that their home, their car, or 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. And therefore, by definition, those things are all liabilities.
When you have more money coming IN from real assets than you have going out to pay for liabilities, it is at this point that you begin to become financially free. And there is only one way to do this and that is explained in the next reason.
Reason #3 - Focusing on linear income instead of passive income.
Linear income is what you derive from working at a job. It's a situation where you work for an hour and get paid only one time for that one hour's work. And that's it!
Passive income on the other hand is when you work once, but continue to get paid over and over again from work you're no longer doing.
Either investing in, or creating real assets that provide passive income for you is your true 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 essence, it's much like an automated way to make money. And 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 simply no limit to the amount of money you can make. And by becoming a master of money systems, you can ensure for yourself a steady stream of riches beyond your wildest dreams!
Reason #5 - Not being persistent or patient enough.
In order to finish any race, you must first leave the starting line and then follow through to the finish line. But most people really aren't even in the race. They create their own failure by either not getting started or by not following through, or both!
To become rich, successful, and happy, you must acquire the patience and the persistence necessary to cross the finish line. You must not only get started, but you must also follow through.
This may sound obvious, and yet, it is the main cause of most failure!
Only by joining the small percentage of people who are willing to do those things that are outlined in the five 'reasons' stated above will you have the greatest chances for wealth and happiness.
It's really quite simple... Decide to do these things that most people fail to do and you can get rich too. However, if you don't do them, then like most people, you too may never become rich.
Decide now to master the ideas contained in these five 'reasons.' Begin your road to success now. Then follow through and watch the difference that it makes. And believe me, the results that you will obtain by consciously following these ideas are far more rewarding than any alternative!
* * * * *
Here are the five main reasons why most people will never get rich, and how to make certain that you do:
Reason #1: Waiting too long to start.
While most people can't wait for success to 'happen' to them, at the same time, they are willing to wait before getting started on the road to that success - completely forgetting the fact that the longer you wait to get started, the longer it will be before you achieve the money and the lifestyle that you seek!
No race has ever been won, or finished, by someone who never even left the starting gate!
Reason #2 - Being financially illiterate.
The very cornerstone of all wealth lies in your ability to understand the difference between assets and liabilities. And the difference is this: Assets put money IN your pocket, while liabilities take money OUT of your pocket.
Most people in our society think that their home, their car, or 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. And therefore, by definition, those things are all liabilities.
When you have more money coming IN from real assets than you have going out to pay for liabilities, it is at this point that you begin to become financially free. And there is only one way to do this and that is explained in the next reason.
Reason #3 - Focusing on linear income instead of passive income.
Linear income is what you derive from working at a job. It's a situation where you work for an hour and get paid only one time for that one hour's work. And that's it!
Passive income on the other hand is when you work once, but continue to get paid over and over again from work you're no longer doing.
Either investing in, or creating real assets that provide passive income for you is your true 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 essence, it's much like an automated way to make money. And 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 simply no limit to the amount of money you can make. And by becoming a master of money systems, you can ensure for yourself a steady stream of riches beyond your wildest dreams!
Reason #5 - Not being persistent or patient enough.
In order to finish any race, you must first leave the starting line and then follow through to the finish line. But most people really aren't even in the race. They create their own failure by either not getting started or by not following through, or both!
To become rich, successful, and happy, you must acquire the patience and the persistence necessary to cross the finish line. You must not only get started, but you must also follow through.
This may sound obvious, and yet, it is the main cause of most failure!
Only by joining the small percentage of people who are willing to do those things that are outlined in the five 'reasons' stated above will you have the greatest chances for wealth and happiness.
It's really quite simple... Decide to do these things that most people fail to do and you can get rich too. However, if you don't do them, then like most people, you too may never become rich.
Decide now to master the ideas contained in these five 'reasons.' Begin your road to success now. Then follow through and watch the difference that it makes. And believe me, the results that you will obtain by consciously following these ideas are far more rewarding than any alternative!
* * * * *
posted by Bob Moser at
9:43 AM
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