5 Reasons Why You Are Not Rich
By SiliconIndia
Friday, September 2, 2011
What makes them so rich and not me? You kept blaming. You kept wondering. And you kept planning. You come up absurd ideas of getting rich over night by buying lottery tickets, or getting a small fortune.
1.You Don't Know What You Want: It's difficult to become rich if you haven't taken the time to know what you want. If you haven't set wealth goals, you aren't likely to attain them. You must decide on your ideal lifestyle. You need to put in that extra effort than just stating "I want to be a millionaire." You need to take the time to set saving and investing goals on a yearly basis and come up with a plan for how to achieve those goals.
2.Whatever Attitude :In order to attain success, you need to have a certain mindset. There is a certain way rich people think, and if you think the way rich people think, then you will become rich by default. Don't spend your time hanging out with people who act irresponsibly with money or who are always whining helplessly about their circumstances, because you'll be tempted to act that way too. Keep yourself occupied with great and positive things in life by focusing on the things you want rather on things you don't want. Remember without enthusiasm the chances of success are remote.
3.You Spend More Than You Earn:You don't have money to pay your bills that clearly explains that you have spent all your income. You take the attitude that if you make enough, the finances will take care of themselves. You spend recklessly and then blame your luck. Its time you change your thoughts and change your habits. Unfortunately, it takes planning to become rich. You can't get rich over night. Change your spending habits, if you have no idea of where you spent your money.
4.You don't grab opportunities:If you dream of getting rich, then you need to look for ways to increase your income. There are plenty of opportunities if you have the will and determination. Don't hesitate to take up a task that will help you earn some extra bucks. And stop competing with your neighbor with materialistic possessions. Instead use that money to build your wealth. Remember every penny counts. Find out how you can use your talent to earn some money.
5.Ignorance and Dependence on others for Finance:You lack that proper financial knowledge. You don't handle your finances and look upon others to take care of your finances. You believe that the other person has more knowledge about money matters, and you rely on them entirely to make financial decisions in your life. Based on their decision you invest your money. At the end of the day even these financial advisors want to make money. It's your money and you know better what you want from it. Make sure you know enough to make your own financial decision.
