Why People Fail to Become Wealthy: 12 Financial Traps to Avoid
1. They never define what wealth means to them.
2. They make wealth a moving target.
3. They define wealth in ways that make it impossible to achieve.
4. They never even start.
5. They never make wealth an absolute must.
6. They don’t have a realistic plan.
7. They fail to follow through.
8. They make “experts” responsible for their decisions.
9. When faced with major challenges, they give up.
10. They fail to conduct life as if it was a business.
11. They allow other people’s emotions to affect the implementation of their plan.
12. They never get quality coaching.
How to Be Wealthy Right Now
This part is easy! Just do the exact opposite of the 12 financial traps:
1. Define what wealth means to you, exactly what will it take for you to feel wealthy.
2. Lock that definition firmly in place. Don’t keep raising the bar.
3. Make sure your definition is achievable.
4. Create a plan that is achievable.
5. Make it a must for you by listing the reasons you must be wealthy.
6. Finalize your plan and work out the details.
7. Follow through on your plan by taking immediate action toward its attainment.
8. Make yourself responsible. Let experts coach you, but don’t abdicate your responsibility.
9. Don’t give up when the going gets tough.
10. Make your life a business, and expect a year-end profit.
11. Don’t let other people’s emotions control or cause you to deviate from your asset allocation.
12. Get good coaching.
Finally, remember that real wealth comes from an abundance in all areas: mental, emotional, physical and spiritual. The real key to unlocking wealth is just one thing . . . gratitude. The moment you feel grateful is the moment you feel rich.
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