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Why don’t more people become wealthy?

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Why don’t more people become wealthy?

Now if you’ve been following my blogs you’ll know I believe true wealth has nothing to do with how many properties you own or how much money you have – it’s what you’re left with after you take all that away – your family, your friends, your health, your spirituality your contribution to society.

Wealthy Handsome Entrepreneur With Suitcase Walkin

But today let’s talk with you about the decision to be wealthy in terms of “money” and why, in my opinion, so few people ever truly build the wealth they crave.

I’ll begin with a statement that may offend you, but it’s one that I think is absolutely true and utterly critical if you want to build wealth or a significant property portfolio.

Here it is:

Most people fail financially because they’ve never made the decision to be wealthy

Silly, obvious, insulting, yet in my experience completely accurate.

I truly believe that unless you make the concrete, definite decision to be wealthy you’ll probably never build a fortune.

I’ve got a client who came to Wealth Retreat (that’s the full-blown 5 day-long event we hold in April each year).

He had set a goal to be a millionaire by age thirty and hit it.

But when I did the selection interview with him he shared with me that in retrospect he wished he would have set a goal to create a $5 million or $10 million net worth, not just a million.

Why?

Because it’s not that much harder to create a $5 or $10 million net worth than it is to create a $1 million net worth.

All it takes is a clear decision and consistent action to back that decision up.

And it takes just as much effort to build a $500,000 net worth as it does a $50,000 net worth.

Fortunes are not built through “hard work”, they are built through “smart work”.

This is why I say that most people have never made the decision to be wealthy.

They settle, and having settled they find a host of reasons for why they can’t be wealthy.

I’ve had the privilege of talking with thousands of wealth builders over the last decade—teachers, students, doctors, lawyers, entrepreneurs, employees, investors—and I can tell you that 9 out of every 10 people I meet the dream of being wealthy, desire to be wealthy, hope they will become wealthy, but—and this is an awful big but—they have never really made the absolute decision to be wealthy.

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Serendib News
Serendib News is a renowned multicultural web portal with a 17-year commitment to providing free, diverse, and multilingual print newspapers, featuring over 1000 published stories that cater to multicultural communities.

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