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
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:
~=~=~=~=~=~=~=~=~=~=~ Reason #1 - Waiting to start: ~=~=~=~=~=~=~=~=~=~=~
Most people don't want to wait for sucecss. But, at same time, they are willing to wait before getting started on road to success.
Do you see problem here?
The longer you wait to get started, longer it will be before you get 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 rewards.
No race has ever been won (or even finished) by someone who never left starting line.
Don't wait to get going. Start now on road to success.
=~=~=~=~=~=~=~=~=~=~=~=~=~=~ Reason #2 - Being financially illiterate: =~=~=~=~=~=~=~=~=~=~=~=~=~=~
The cornerstone of all wealth is understanding 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, 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 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...
=~=~=~=~=~=~=~=~=~=~=~=~=~=~ Reason #3-Focus on linear income instead of passive income: =~=~=~=~=~=~=~=~=~=~=~=~=~=~
