Eight Hindrances to Becoming Wealthy

Hindrance1

The year 2013 has gone half way and you can’t recover it anymore. Do you have your goals documented? When you set the sails God will send the wind. Here are a few things you need to deal with if you must achieve your set goals this year.

  1. Mindset: The greatest hindrance to prosperity is believing that only some people can be wealthy. People that are not wealthy must first buy into the error that poverty is default. How so wrong!
  2. Financial Knowledge: What you don’t know can kill you, ignorance is darkness. A man who is ignorant of his ignorance has achieved the minimum qualification required in the college of fools. Seek financial intelligence, read books, get a coach because everybody needs one and commit yourself to daily learning.
  3. Expense: Inability to manage your expense will lead to poverty. About 90% of world population spends more than they earn and that keeps them on the RAT RACE. If you spend more than you earn you’re simply borrowing from your future to spend now. Learn to live on not more than 50% of your income, most wealthy people live on 35%.
  4. Lack of Reserves: Lack of savings and investment culture will not give room to wealth. Learn to pay yourself from every income you make, put it away in an escrow account so you can invest in assets that will put money back into your pocket.
  5. Lack of Passion: Lack of passion and dedication to your goals will also rub you of wealth or God-ordained riches.
  6. Lack of a Mentor: Everybody needs a coach to guide his/her journey to financial freedom. Seek for an experienced and willing mentor.
  7. Your Network: I say to people your network determines your net worth.  Lack of right association can severely limit your possibilities for gaining wealth.
  8. Average Mentality: An average or mediocre spirit cannot control great wealth. There is no room for average plans here.

I believe if you can diligently apply all stated above your life will take a new turn. Welcome to July!

Charles Ezeh
BB pin: 265AA1C1
You can also follow me on http://www.charlesezeh.com

I am committed to your success!!!

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Categories: Wealth

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2 replies

Trackbacks

  1. Hindrances to becoming wealthy | Gbonjubola Sanni
  2. Eight Hindrances to Becoming Wealthy | Chibuike's Blog

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