7 Critical Reasons Why You Are Not Rich‎ Financial Success

the rock success

Everybody wants to be rich, but not every one of us is rich. And you can discover the main reason within this article. You will discover the 7 critical reasons why most people are not rich.

If you truly desire to be rich and successful, the first thing you need to do is to invest in yourself. You already have everything you need to reach the dreams you want and to live the life you desire.

Let me ask you this question, “what are the differences between you and Donald Trump that make him so rich and successful?”

Both you and him has got the same physical body, and the only different between you and him is will be the thought patterns, or simply, the mindset.

It is his mindset that makes him decides to take on the deal. It is his mindset that makes him to take massive action and go through all the ups and downs. It is his mindset that shape who he is today. It is his mindset that makes him network with other influential people. It is his mindset that makes him a billionaire today.

Therefore, if you want to get rich and live the successful life you always dream about, you have tostart from yourself. If you want to change your outer world, change your inner world. If you want to be a millionaire, adopt the millionaire mindset.

When you change the way you think, you will change the way you act and thus changing the results you get. So start to adopt the millionaire mindset and do things differently than ordinary people. Below are the 7 critical points that separate you from the rich…

1. You Are Spending On The Wrong Thing

Most people think the other way round, they thought that rich people spend like crazy and people who are broke don’t spend a dime. To be honest, people who are broke are the ones that spend the most. Those who have successfully accumulated their wealth understand that it takes hard work and sacrifices to get there, thus they won’t simply spend.

And those who simply spend, it is either they wanted to show off or they just don’t understand the value of money. You should spend, but you have to spend your money in the right place. You don’t have to go for fine dining all the time, but you can do it once in a while during special occasion. You should plan how to use your money wisely. Adam Khoo, one of my favorite success gurus, said that he is very frugal with luxury items, but he spend a lot when he visits the bookstore.

Do you get it? Rich and successful people don’t simply spend their money. They spend on things that give them value. They don’t spend their money buying branded items that they don’t need, instead, they buy things that will improve the quality of their life, such as books and courses.

spend money

2. You Did Not Invest

Do you invest? Most people make the money, spend most, save little and invest none. A very big difference in thinking is that most people will say that they don’t have the extra money to invest. If you think about it carefully, it is that when you invest, you will have the extra money. It is when you invest, you will make more. If you don’t invest, how are you supposed to come up with extra money to invest?

It is just like you have to put the donkey in front of the cart and not the cart in front of the donkey. It just doesn’t work that way. If you say you don’t have the money to invest and you will do it when you have more money, then it is time that you should invest! Most people get it wrong and thought that they should only invest when they got the extra.

It is when you invest that you will have extra and make more money. Therefore, start small and create a plan right now. Everyone can be rich if they start early enough and stick to their investment plan long enough.

invest money

3. You Are Not Clear With What You Want Financially

What do you want to do with all your wealth? A lot of people wanted to be a millionaire, and when you ask them why they need so much money, they can’t seem to give you a convincing purpose. Remember, it is your “why” that will drive you to achieve what you want. If you don’t know why you want to be rich, you will never get there because you don’t have a strong reason behind to support you and to drive you.

By the way, your reasons must be exciting and able to give you the energy and motivation to take action. If your reasons are not strong enough, they will never give you the energy you need. A very simple test you can tell whether your reasons are strong enough is to ask yourself this question, “Are you 100% committed to your financial goals and willing to do whatever it takes to reach them?”

If your answer is a yes, it simply means that you have strong and emotional reasons behind. And if you feel doubtful about the answer, you might want to reconsider your purposes of making money. It is when you have a strong and emotional reason behind; you will take 100% commitment to achieve your financial goal.

financial goal

4. You Don’t Have The Millionaire Mindset

Do you think you have the millionaire mindset? Nobody was born with a millionaire mind. It is our surrounding, the people we mix with and our experience that shaped who we are. Thus, if you study the story of all the great people who have accumulated massive amount of wealth, you will notice that their thought patterns and the way they handle money are learned.

Just like Arnold Schwarzenegger, he was born in a poor family, but that doesn’t mean he has a poverty mindset and destined to be broke. Arnold was inspired by Reg Park and he has a big dream. So he learned and models those who are successful around him. He has become one of the biggest stars in the arena of body building, achieve outstanding success in his acting career and even in politics.

You can be as successful as Arnold Schwarzenegger if you wanted to. As long as you are willing to learn, to adopt and to take massive amount of action, you can accomplish your wildest dreams. So develop your millionaire mindset today.

money mindset

5. You Don’t Dare To Dream And Act

This is going to be common, but it is one of the top reasons people fail to achieve great wealth. In order to achieve big accomplishments, you must dare to dream big. Just like what Donald Trump always quoted,“dream BIG”. The bigger your dream, the more excited you will be and the more likely you are going to take action toward it.

Not only must you dream big, you need to act on your dream as well. Simply dreaming about what you want is not enough, you need to act. Dreaming about what you want to achieve is exciting, but you have to get back to the reality by working toward your dreams. Extraordinary people are able to accomplish more than ordinary people because they work ‘extra’ hard and they dare to do the ‘extra’ things that make them extraordinary.

Everything that you see today in this world starts as an idea and as a dream that someone else thought about before. Look at the laptop you are using or the phone that you are holding, they were once an idea and it is those who act on these ideas that turn the invisible into the visible. You have to do the same.


6. You Don’t Learn To Delay Gratification

Delay gratification means resisting the temptation for an immediate reward and wait for a later reward. Most people never really think about delay gratification when they are in the mood of buying. This is because buying is an emotional decision and not logical. You know that drinking alcohol can be bad for your health, but you do it anyway, why?

It is because you cannot resist the temptation of alcohol and wanted to drink for the immediate pleasure. However, if you look at it over the long-term consequences, drinking excessive alcohol is bad for your health, everyone knows that. The same goes for managing your finances. Most people will choose to buy things that give them immediate pleasure and they will tell you they don’t have enough money to invest.

This is one of the most important characteristics you must adopt if you want to be wealthy for the long run. If you simply spend and buy whatever you want on impulse, you will use all your money into buying something that you don’t really need. So whenever you want to buy something, stop and ask yourself whether the item can give you the real value that you want. If it is not, just walk away.

It may be hard to practice this habit in the beginning, but if you are serious about getting rich, you must learn this. Put off the temptation to the immediate reward in front of you. Don’t spend on things that you don’t need, instead, use the money to invest and you will be richer faster.

delay gratification

7. You Don’t Dare To Take Calculated Risk

All the great people out there dare to take risk. One very important principle you need to understand is that higher risk does not necessarily means higher return. Risk is contextual and it depends on your level of knowledge and experience.

Let me give you an example, a lot of people thinks that if they want to get rich, they need to take a lot of risk. This is not the case. If you can drive an F1 race car at the speed of 200km/h and still manage to make a lot of the sharp turns smoothly, I will give you a million dollar. Now, do you think this is going to be risky?

calculcated risk

Well, if you are not well-trained and you don’t have the skill to drive an F1 race car, then the risk will be high for you. However, if you ask Michael Schumacher to do this, do you think he can do it easily? And do you think this is risky for him? Of course not, why? It is because he is well-trained and he has the skill. The same goes for investment and getting rich. If you don’t have the knowledge and the experience to invest, the chances of you making a bad investment will be higher compare to people like Warren Buffett who had tremendous experience in the stock market.

Therefore, you have to understand risk before you make the decision to go for it. And I called it calculated risk. Most people don’t know what they are dealing with and they insist to go ahead to invest or to start a business that they have no idea at all. That is truly risky. You have to take calculated risk. Meaning, you need to estimate the chances that you are going to fail or succeed before you take action.

If the chances of you to fail are higher, stop and don’t go for it. However, if the chances of winning are much higher than the chances of you losing, go ahead and do it. And this has to do with your skills, your knowledge and your experience.

These are the 7 critical reasons that will decide your financial wealth. If you do them accordingly, you will be able to accumulate massive amount of wealth. So follow through and apply these 7 principles from now


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