Self Improvement > Success Secrets - 5 Simple Reasons Most People Will Never Get Rich ...
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Article rating : 0.00, 0 votes. Author : Mike Litman
What did I learn about getting rich by interviewing over 20
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.
Mike Litman
www.unleashyourgreatness.com/ns.html
www.mikelitman.com
c) Copyright 2001 Mike Litman. All rights reserved.
Mike Litman's Success Secrets
Mike Litman is the co-author of the #1 Best-selling book Conversations with Millionaires. Over the last 3 years, Mike has unleashed the greatness of tens of thousands of people worldwide. Networking Times Magazine called Mike Litman ‘a modern day Napoleon Hill’ and at the age of 30 he’s already shared the stage with well-known speakers such as Mark Victor Hansen and Bob Proctor.
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