Back to the Black: Five myths that can damage your route to wealth

 

Most people say they would like to be wealthy but why is it that few actually achieve this state?  The reason is that there are five common myths that stop you making money. These are wealth killers.

 

It takes money to create wealth

In truth very few rich people actually start off with enough or more than enough money in their lives.  Many of them had literally nothing other than their own thinking skills, they had big ideas and worked at them daily to make money.  The fact is that many wealthy people know that money does not automatically lead to more money.  Try going to a casino, it is rare for a casino to go broke it is not rare for their customers to go broke.  Wealthy people combine two things to get to a third, it is a simple equation:

good idea + the right action = money.

Ideas  don’t cost money.  Ideas are not limited to early mornings, you can have them at anytime.  The point is that when you have the idea you have to take the right action to turn it into wealth.

Wealth is created, it doesn’t just happen from the air.  It is possible at times to do something you love and make money as long as you act on your ideas.  The skill is thinking it through and making sure it is a good idea and not just a whim.  So money or lack of it is not an excuse for not becoming wealthy.  You MUST learn all you can about your idea and how it can be made into a business opportunity.  Then you are an expert and someone WILL  fund you to implement a well planned business opportunity.  If you sit and wait for money to come to you, and do nothing you will need to be patient, very patient because you will never become financially free.

Leave it to the experts

There are a number of experts who will tell you they have wonderful ideas to help people become financially free. In fact I met one who had been on a week’s training course, some expert!  One of the reasons they are so keen to invest your money is they will get a slice.  This is why you do need to become financially literate.  You have to run your own show, to benefit.

You have to be smart to become rich

This can keep you poor for the rest of your days.  It is important to be able to think and develop new ideas but education is not what gives you financial freedom.  Not all clever people are wealthy and not all wealthy people are clever.  People who turn their knowledge into something of value for others can become wealthy and that can mean you.

It was easier years ago

Every generation says this and  whilst there is some truth in this for young people of generation X, then it becomes a brake on thinking and application.  If you are talking about the good old days you are missing the point, these are the good old days of the future.  You are living in better days, you have the potential to get rich.

I will begin when I have everything

You really do have everything you need right now.  There will never be a time when you know everything or have everything you would like to start a business. The author Jeffrey Archer lost everything. He had a writing pad and a pencil and set to to become a best selling author.  He made himself millions by starting this way, he used what he had.  What do you have now,  that can make you money?

You cannot take action in the past, it has gone, you cannot take action in the future it has yet to arrive, you can only take action now!

 

1 Comment on "Back to the Black: Five myths that can damage your route to wealth"

  1. Very interesting post Graham

    I’ve always been a big believer in you create your own luck.

    I can’t bear whingers who moan about other folks who have done well whilst they just sit on their backsides.

    Ohh I feel another post coming on…

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