11 Reasons You Will Never Be Wealthy

11 Reasons WHY You Will NEVER Be Wealthy.

LOGO-4-1200X380

Most people do not believe this, but nearly everyone on earth has the same opportunity to become wealthy.

However, most people do not know how. Most millionaires are not born. They had mentors who taught them step-by-step.  There are certain money secrets that are purposely kept from you. Why? This is a subject for another time, but for now, let’s discuss the reasons you will never be wealthy IF you imitate the masses.

Most financial wealth secrets are not taught in school. Most people graduate from high school and college can’t even balance a check book.

Below are certain signals that you may not be on the road to riches.

If you’re focusing on working hard vs. working smart, then this is your FIRST mistake!

Working hard will not make you wealthy. Hard working construction workers working hard in the hot sun probably will never experience real wealth.

One way of working smart is investing your money —that is, taking advantage of compound interest so that your money earns money. You must discover how to make “money” your slave. You must discover how to make the money you earn “work” to make you more money.

You can do this without a lot of risks. You can do this without a lot of time or effort. It’s much easier than you think.

If you’re putting too much emphasis on saving — and not enough thought on earnings, then you’re NOT on the road to riches. Another way to work smart? Increase your earnings not just your savings.

Yes, saving money is crucial to building wealth, but you don’t want to focus so much on saving that you NEGLECT to earn more money.

Most people are so focused on clipping coupons and living frugally they miss major opportunities that could make
them a lot of money.

There’s no need to abandon practical savings strategies. However, if you want to ride on the road to riches, then STOP worrying about running out of money and focus on how to make MORE money!

Millionaires share a common strategy. They develop multiple streams of income and adopt smart savings habits.

NEVER buy things you can’t afford. If you live above your means, you will never travel on the road to riches.

Any man who needs to impress people with his stuff is usually a man who is financially struggling. Never buy anything to impress others. This is the number one biggest mistake in America.

Most people believe they should be content with a steady paycheck. This is a LIE and if you believe this, then you’ve been brainwashed.

Average people choose to get paid based on time — on a salary or hourly rate — while rich people choose to get paid based on results and are usually self-employed and are in total control of their income.

Punching a time clock for a paycheck is the slowest path. However, it is advertised the safest way. Great financial thinkers know this is not true. Self-employment is the fastest road to wealth.

Rich people continue starting businesses and building fortunes, while the masses almost guarantee themselves a life of financial mediocrity by staying in a job with a modest salary and yearly pay raises.

You must START investing.

Start making goldmoney your slave. Make money work for YOU!

One of the most effective ways to earn more money over time is investing it, and the earlier you start, the better.

Real wealth isn’t measured by the amount people make each year, but by how they’ve saved and invested over time.

You don’t have to be a genius before YOU start investing. You don’t have to be born in an affluent wealthy family and you don’t have to earn a massive paycheck.

DO NOT pursue someone else’s dreams — and ignore your own. If you want to be successful, you have to love what you do — that means determining and pursuing your own passions. You must know what you want in your life and the value you are willing to give to get it. 

Too many people make the mistake of chasing someone else’s dream — such as their parents or working for someone else who is pursuing their dreams.

When you pursue someone else’s dreams or goals, then you are actually helping them become wealthy – not you.  You may eventually become unhappy with your chosen profession. You will probably make a living or struggle financially and you simply won’t have the passion that is necessary for success to happen.

You MUST do things that are NOT comfortable for you if you plan to ride on the road to riches. If you want to build wealth, be successful, or get ahead in life, you’ll need to prepare for uncertainty or discomfort.

Believe it or not, rich people, in particular, find comfort in uncertainty because they are used to it.

World-class thinkers and millionaires learn early on that becoming a millionaire are not easy and the NEED for comfort too soon can be devastating to your financial wealth goals.

They learn to be comfortable no matter what. If you need to experience temporary discomfort for a chance to be wealthy then do it. They learn to be comfortable while operating in a state of ongoing uncertainty. You must roll with the punches and never settle for a life of mediocrity.

Rich people who travel on the road for riches discovered that overcoming fear and taking calculated risks are the key ingredients to achieving success.

Do you have goals for your MONEY?

millionaire-lifestyles1If you want to hop on the road to riches, the road will be easier — and more enjoyable — if you have a clear, specific goal in place before forming your plan for success.

Write down what you plan to do with the money you earn. How will you spend it? Do you want to buy a house? Travel once a month? Do you want to enjoy a peaceful retirement? Is your goal to take care of those you love and help them to succeed?

Rich people choose to attain wealth. Rarely does it just happen by pure accident. It takes focus, courage, knowledge, and a lot of effort — but it’s possible if you have precise goals and a clear vision.  Nearly every self-made millionaire had a mentor.

Experts say the #1 REASON most people do not get wealthy is because they do not know what they want. Rich people are totally clear that they want wealth because money creates more comfort, better quality, more peace of mind and helps others.

You must always PAY yourself first. Your bill collectors come last. This is another rule for getting rich.

Most people pay everyone else first and seldom pay themselves. They pay the landlord, the credit card company, the telephone company, the government, and on and on and seldom pay themselves.

You must pay yourself first. Let’s say 10% of your earnings is YOUR personal payment.  This is your savings. (This money is not to be spent on bills.) Then you use another 10% of your earning for investing – by making your money work for you.  Get an investment plan.

Another 10% should go to help others (charities or those in need).  You should also build an emergency fund of ($1K to $5K). The more money in your emergency fund the more peace of mind you’ll have. Emergency funds are for survival needs. (Car repairs, loss of income, house burns down, appliance repairs, house repairs, etc.)

You should learn to live on 70% of your earnings. This money goes to pay your bills, essentials, taxes and general living expenses.  If you earn $100K, then you live on $70K.  This will put you on the road to riches.

You must live within your means.  If you spend everything you earn, then you’re NOT on the road to riches – you’re in fact on the road to mediocrity and possible financial disaster.

Stop believing that getting rich is out of your reach.

The average person believes being rich is a privilege awarded only to lucky people or those who inherit money from very wealthy families. You’re lucky to live in a capitalist country and you have every right to be rich if you’re willing to create VALUE for others.

You have no more excuses. This is a brief, elementary and very valuable blueprint. You can hop on the road to riches if you follow these simple suggestions. They truly are the basics of getting wealthy.

Most millionaires had mentors that helped to guide them in almost everything you did in the business world.  Do not be foolish to think you should know everything. It’s impossible.  Get a mentor to help guide you. A mentor will add a lot of peace of mind and you’ll be certain to stay on your road to riches.  Find a mentor here.

Andrew Carnegie Quotes

Andrew Carnegie Quotes:  Discover How to Find a Mentor.

andrew-carnegieAndrew Carnegie was a Scottish-American industrialist who led the enormous expansion of the American steel industry. He is often identified as one of the richest people, as well as one of the richest Americans ever as well as a mentor to thousands of young entrepreneurs.  Carnegie has often reminded business people the importance of finding a great mentor.

Carnegie built a leadership role as a philanthropist for the United States and the British Empire. Before he passed away, he gave almost $350 million to charities, foundations, and universities. In today’s economy, that money would have been worth around $78 billion.

Here’s our collection of empowering Andrew Carnegie quotes:

1. “A sunny disposition is worth more than fortune. Young people should know that it can be cultivated; that the mind, like the body can be moved for the shade into sunshine.” – Andrew Carnegie

2. “And the law of competition may be sometimes hard for the individual but it’s best for the race because it ensures the survival of the fittest in every department.” – Andrew Carnegie

3. “Every act you have ever performed since the day you were born was because you wanted something. Aim for the highest and when it’s a question of God’s almighty spirit. Never say I can’t.” – Andrew Carnegie

4. “I did not understand steam machinery but I tried to understand much more complicated mechanism; – man.” – Andrew Carnegie

5. “It is the mind that makes the body rich.” – Andrew Carnegie

6. “No man will make a great leader who wants to do it all himself or get all the credit for doing it.” – Andrew Carnegie

7. “Teamwork is the ability to work together toward a common vision. It is the fuel that allows common people to attain uncommon results.” – Andrew Carnegie

Related: 18 Powerful & Inspirational Will Smith Quotes
8. “The men who have succeeded are men who have chosen one line and stuck to it.” – Andrew Carnegie

9. “There is no class as pitiably wretched as that which possesses money and nothing else.” – Andrew Carnegie

 

10. “You cannot push anyone up a ladder unless he is willing to climb a little.” – Andrew Carnegie

11. “Aim for the highest.” – Andrew Carnegie

12. “As I grow older, I pay less attention to what men say. I just watch what they do.”– Andrew Carnegie

13. “He that cannot reason is a fool. He that will not is a bigot. he that dare not is a slave.” – Andrew Carnegie

14. “I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution.” – Andrew Carnegie

15. “Mr. Morgan buys his partners, I grow my own.” – Andrew Carnegie

16. “No person will make a great business; who wants to do it all himself or get all the credit.” – Andrew Carnegie

17. “The average person puts only 25% of his energy and ability into his work. The world will take off its hat to those who put in more than 50% of their capacity and the world will stand on its head for those few and far between souls who devote 100%” – Andrew Carnegie

18. “The secret of happiness is renunciation.” – Andrew Carnegie

19. “Think of yourself as on the threshold of unparalleled success. A whole, clear, glorious life lies before you. Achieve! Achieve!” – Andrew Carnegie

21. “All achievements, all earned riches have their beginning in an idea.” – Andrew Carnegie

22. “Concentrate your energy, your thoughts and your capital.” – Andrew Carnegie

23. “I began to learn what poverty meant. It was burnt in my heart then that my father had to beg for work and there came the resolve that I would cure that when I got to be a man.” – Andrew Carnegie

24. “I shall argue that strong men conversely know when to compromise and that all principles can be compromised to serve a greater purpose.” – Andrew Carnegie

25. “My motto is concentration. First honesty; then industry and then concentration.”– Andrew Carnegie

26. “People who are unable to motivate themselves must be content with mediocrity, no matter how impressive their other talents.” – Andrew Carnegie

27. “The first man gets the oyster, the second gets the shell.” – Andrew Carnegie

28. “The secret of success lies not in doing your own work but in recognizing the best person to do it.” – Andrew Carnegie

29. “Watch the costs and the profits will take care of themselves.” – Andrew Carnegie

30. “All honor’s wounds are self-inflicted.” – Andrew Carnegie

31. “Do your duty and a little more and the future will take care of itself.” – Andrew Carnegie

32. “I believe that the true road to per-eminent success in any line is to make yourself master of that line.” – Andrew Carnegie

33. “I would as soon leave my son a curse as the almighty dollar.” – Andrew Carnegie

34. “No amount of ability is of the slightest avail without honor.” – Andrew Carnegie

35. “Success can be attained in any branch of labor. There’s always room at the top in every pursuit.” –  Andrew Carnegie

36. “The man who acquires the ability to take full possession of his own mind may take possession of anything else to which he justly entitled.” – Andrew Carnegie

38. “Whatever I engage in, I push inordinately.” – Andrew Carnegie

39. “And here is the prime condition of success, the great secret. Concentrate your energy, thoughts and capital exclusively upon the business in which you are engaged in. Having begun in one line, resolve to fight it out on that line; to lead in it. Adopt every improvement, have the best machinery and know the most about it.” – Andrew Carnegie

40. “Don’t look for approval except for the consciousness of doing your best.” – Andrew Carnegie

41. “I can’t afford to pay them any other way.” – Andrew Carnegie

42. “Immense power is acquired by assuring yourself in your secret reveries that you were born to control affairs.” – Andrew Carnegie

43. “No man becomes rich without himself enriching others.” – Andrew Carnegie

44. “Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of his community.” – Andrew Carnegie

45. “The man who dies rich dies in disgrace.” – Andrew Carnegie

46. “There is little success, where there is little laughter.” – Andrew Carnegie

47. “When I did big things, some large corporations like the Pennsylvania Railroad Company were behind me and responsible party.” – Andrew Carnegie

Discover the advantages of having a Mentor.