Are you surprised to know that more than 90% of people never create wealth by investing! There are mainly the following four reasons:
1. Don't set specific Financial Goals
2. The Cost of Ignorance
2. Goals are not aligned with their purpose
3. Actions doesn’t match with the ambition
1. Don't set specific Financial Goals
1. Don't set specific Financial Goals
For many people, most goals are set in vague form
- I want to become financially free
- I want to quit the job and start my own business
- I want to travel the world with my loved ones
- I want to have my own house, my own lands
2. The Cost of Ignorance & Procrastination
Either people are not so committed or if they’re really committed, they look to find the solution on their own. They think investing in learning from others is “expensive”. So they rather do it on their own.
But the “rare-10%” actually does it differently. The moment that they have fixed financial goals, they go and find a mentor who already has what he wants. Then they MODEL the successful actions of the mentor, whether it’s the mindset or principles. Because whatever the challenges or problems you’re facing, the mentors have most likely faced them before. So why waste time to solve it on their own? That’s why 10% would get to their financial goals and the other 90% don’t.
Let's say you want to learn how to drive a car. Do you think it’ll be easier to find a person to teach you how to drive, rather than you just figure out everything on your own? How much longer would it take if you would’ve to learn it alone? What if you then did something wrong on the road? What’s the worst thing that could happen?
Something to think about.
3. Goals are not aligned with their purpose
They think their goals are not worthy. But that’s not true. It’s because nobody has told them that they should focus on the right thing first.
The FIRST step should always be identifying your purpose. Without this… it’ll always be like 3 steps forward and 2 steps back.
4. Actions doesn’t match with the ambition
Lots of people want to get financially free & want to quit their job. Lots of people want to make money.
But then when you ask them… “What are you doing every single day that’s moving you closer to your goal?” They’d look at you - blank!
Remember this, if your actions don’t match with your big goals and big dreams… You’ll never be able to get there.
I hope this helps you to understand why most people don’t achieve their financial goals in life. There is a pattern between 10% who succeed and the 90% who fail.
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