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Author Topic: 8 Habits That Can Stop You From Becoming Rich  (Read 167 times)

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Offline JEFFREY96

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8 Habits That Can Stop You From Becoming Rich
« on: August 04, 2015, 11:49:32 pm »
We all desire wealth and riches, however, being able to achieve this desire will
greatly depend on what you do or fail to do. Financially successful people will tell
you building wealth is not by accident. It is an accumulation of certain habits
practiced in a stretch of time. The Irony is that perpetual poverty is equally an
accumulation of certain habits practiced over time. If you desire to be rich then
you have to let go certain habits and orientations.
Here are 8 things you are doing that will likely stop you from becoming rich;
Wrong Attitude Towards Money: One of the things that can greatly hinder one’s
success in anything is the wrong attitude. Today there are many ideas, beliefs
and opinions that people have about money that are totally wrong. The fact is
that your beliefs are your greatest limitations. What many believe about money is
one thing that has kept them away from it. Some of these wrong ideas about
money are;
• Money is the root of all evil.
• I’m not good with money, I just can’t keep it.
• Money is meant to be spent.
• More money creates more problems.
• Money is dirty.
• Only dishonest people get rich.
• The best way to wealth is to get a high paying job and work hard.
• Some are just destined to be poor.
• Money is for a selected few.
Your belief about money can either attract or repel it depending on what you
believe. The truth is that you cannot attract what your mind repels. To be rich you
need to alter every wrong belief that you have about money. Clear your mind of
such wrong beliefs. Think and talk abundance. When you are positive about
money, it is attracted to you. Wealth does not begin with just what you do. It
begins with what you think.
Not Thinking Enough: In case you don’t know yet, the highest paying job in the
world now is the ability to think. This equally happens to be one of the big
differences between the poor and the rich. The poor “work hard” while the rich
“work smart”. The difference between the two is that the former is more of
physical strength and little of mental strength while the latter is more of mental
strength and little of physical strength. If you desire to be rich then start using
your brain more. The truth is that those who work hard are always under those
who work smart.
When you apply your brain more you toil less. There is always an idea in the back
of our minds that we can harness and create wealth. We are just too mentally
lazy to refine these ideas and make them profitable. Someone once said, “If you
do not have enough is only because you do not think enough.” There are still
more human problems to solve. In case you do not know, the more problems you
can solve, the more money you can make. The only thing though is that solving
problems demands thinking enough.
Settling for An Average Life: If you’ve have listened to the rich talk about how
they came to wealth you will likely here something like, “I was determined not to
settle for less.” or a similar statement. They are simply telling you that they didn’t
all of a sudden have it on a platter of gold neither did they become wealthy just
by merely wishing for it rather they were bold enough to get out of their comfort
zone, took calculated risks, refuse to back down, giving life no other option but to
give them their demands because they have paid their dues.
Many are too afraid to place enough demand on life. They prefer security rather
than opportunity; clinging tenaciously to their comfort zone. They fear change and
are unwilling to take risks. They prefer mediocrity than paying the price for
excellence. The result is an average life or even something lesser. The truth is
that you cannot be better than you desire to be.
Misuse of Time: You become rich by using your time wisely; investing a good
chunk of your time working on your goals and ideas. One habit of the rich is
proper time management. They understand that there is a huge difference
between activity and productivity. Every use of their time is for something
worthwhile. The wisest man that ever lived once said, “There is a time for
everything …” When you misuse the time meant for planting you may never have
anything to harvest.
Every rich man I know started his quest for wealth early enough. In case you are
still wondering the connection between money and time, let me break it down:
What you do with your time today determines where you will be tomorrow.
Spending More than You Multiply: If you are the type that plans on how to spend
money even before it comes to you, you are only practicing poverty. The rich
think more about multiplying money, the poor think more about spending it. Don’t
forget that multiplication is what creates abundance. Warren Buffet, one of the
richest in the world today bought his first shares at the age of eleven. I’m not
saying you should run off right now to go buy some shares. I am only emphasizing
on the need for you to invest your money if you want to be rich. The bottom line
is; invest more than you spend.
Lack of Information and self-development: You must have heard that information
is power. This is true (depending on the quality of the information). I think there
is a connection between what you know and what you do. The truth is that you
cannot perform or do better than you know. Your
   
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