Anthony Robbins is one of the top success coaches in the world, having coached star sports players, heads of states and Fortune 500 executives. In his Get The Edge program, he listed down 12 specific reasons he has come to observe to be the leading causes for most people's lack of wealth.
... continued below
More Wealth Creation-related articles
Four out of ten face super shortfall
FOUR out of 10 Australians do not think they will have enough savings to fund their retirement, while a slim majority believe superannuation fund reports are far too complex to be of any use in planning for the future, a survey has found.
Family Budgeting: A Practical Financial Guide
Budgeting doesn't need to be complicated. You don't need a master's in accounting. You don't even need a computer. Pen and paper will do. A good family budget performs the following functions.
Do You Work For Your Money Or Does Your Money Work For You?
A few simple ideas, when understood fully, lead people down the road to financial independence and wealth. You need to understand the difference between and asset and a liability. You need to understand the difference between earned income and passive income. You need to understand the three basic cash flow patterns. Finally, you need to understand how your focus in life ties it all together.
Values-Based Wealth Planning
No one over age 18 today will live to see the end of the 21st Century. The inheritance you leave your children is reflected in the values they have learned from you about the role of money and property. Here are ways to plan for the future that give your heirs a perspective on their Inheritance that extends far beyond the dollar value of what you pass on to them.
Make millions in Super
That old saying about death and taxes should have superannuation added to it. In Australia at least, you just cannot get away from it.
Subscribe to our monthly MoneyTips newsletter for fresh new articles, tools and tips!
12 Reasons Why People Don't Get Wealthy ... continued from above
According to Wallace Wattles, in his popular wealth treatise called the
Science of Getting Rich, said that, "There is a science of getting rich,
and it is an exact science, like algebra or arithmetic. There are
certain laws which govern the process of acquiring riches, and once
these laws are learned and obeyed by anyone, that person will get rich
with mathematical certainty."
It is true. Those who make wealth know that it comes about by
application of simple rules and principles. Those who don't make wealth
don't know about these simple things, and so they assume that wealth is
a result of luck or pure chance or something just as superstitious or
silly.
Anthony Robbins is one of the top success coaches in the world, having
coached star sports players, heads of states and Fortune 500 executives.
In his Get The Edge program, he listed down 12 specific reasons he has
come to observe to be the leading causes for most people's lack of
wealth.
Here they are:
1. They never decide and really define, very specifically, what wealth
means for them. The keyword here is specifically. Can you imagine how
hard it would be to build a car or a plane without making a blueprint or
sketch drawings of it first? You have to know what your target is before
you go chasing after it.
2. They make wealth a moving target instead of a fixed one (this is
related to point one above). Once you have your target, fix it. Don't
change it until you reach it. You must accomplish each step, celebrate,
and then set course for a new step, a new target.
3. They define it in a way that seems unreachable. You only achieve what
you believe. No more, no less. So you must make it believable for you.
Set goals that will make you move forward and stretch, but not too high
that even you yourself don't believe you can. Take the biggest step you
believe you can, achieve it, then take the next biggest you believe you
can. This will build positive reinforcement in your self-confidence as
well.
4. They never start. Ok, this is obvious. If you keep thinking about it
forever, it will forever remain in the thought level. You have to act!
Start somewhere, anywhere! Only after you start do you begin to get some
feedback which will help you plot your course better. The aircraft has
to first take off before it starts to adjust course for its destination.
You must start, somewhere, anywhere, doesn't matter, just start! Act!
5. They never make it a must. Let me explain what it means to make it a
must. It means marshalling all your intent, your will, your direction,
into one singular flow that is directed towards your goal. All obstacles
are viewed as challenges to be overcome. You will meet obstacles, and so
expect it, but also expect to move forward anyways. Use your obstacles
to develop strength and skills, don't run away. Find out how to go past
them. Find out! There is always a way, always. And if your emotions are
acting against your desire, embrace them, learn what they are, know
yourself, but keep moving forward. Make it a must, and it will happen.
Guaranteed. You don't know in how many steps it will take, but you know
it will happen.
6. They don't have a realistic plan. If you want to do something, find
out how it is done from someone who has done it before. Make a realistic
plan. Copy from those who have succeeded before you. But don't throw
away your intuition. Your intuition is extremely powerful once you learn
how to listen to it with practice.
7. If they have a realistic plan, they never follow through on the plan.
Well, if you don't follow the plan, who will?
8. They give responsibility to others ("experts") instead of to
themselves. This way, they never really learn how to do it, and if there
are failures they never learn why the failures happened and so they are
bound to repeat them. It is a good idea to get advice, but do it
yourself. At least understand it yourself even if you will delegate the
actual doing.
|
Recommended Reading!
|
|
|
|
This excellent
publication is packed with powerful information to help all Australians
achieve financial independence.
We are making it available to you in eBook
format which you can download, print, or read from your computer screen.
Click
Here to Download
|
9. They give up when they face challenges. Going through the challenges
is what has made people rich, not giving up. Look, there are always
challenges. So get used to that. You will only get where you wish to get
to if you are willing to face the challenges along the path. All
challenges are opportunities dressed in work clothes, remember that.
After the challenge is over, you will discover the amazing fruit it held
for you.
10. They fail to conduct their lives as a business; they never ensure
that they make a profit year by year. Get a personal finance package
like Quicken or Microsoft Money. you need to have budgets and cash flow
statements for your personal finances and your businesses. It is easy
with those software packages. If you don't keep records and track, you
wont know when you are making or losing money until it is embarrassingly
too late.
11. They allow other people's ideas to affect their decisions
unreasonably. There will always be people who don't believe in your way,
or who are pessimistic, who try to pull you down, or whatever. And they
will sometimes be your closest friends and family. You cannot change
that - they have a right to be who they are. It is OK. Allow them their
thoughts, don't judge them for that, but don't feel obligated to accept
their thoughts of follow their way. Don't allow other people, now or
from the past, unreasonably affect your decisions. Allow them their way,
and you live your way.
12. They don't get quality coaching. This is extremely important!
Coaching is simply getting mentored by someone who has succeeded wildly
in the area of your interest. Get coaching! Our education system hardly
equips us for real life, so don't assume that because you went to
college you are properly equipped. Hardly. You need to keep learning.
The most successful people attend seminars, read books, join mastermind
groups and clubs, find mentors, network, and even hire expensive
personal coaches to make sure they succeed.
How many of these reasons can you identify with? Well, now that you see
the reasons, you now can look at yourself and make sure that you don't
follow ways that are known to not lead to wealth. Follow what works and
it will work.
And don't forget to enjoy yourself along the way!
Disclaimer:
The information contained above has been provided as a general
service. Any references to specific financial, legal, accounting, or
taxation issues are done so in the context of general information
and should not be relied upon as fact or construed as advice by the
us in any of these areas. You should consult a relevant financial,
legal, tax or accounting professional to assist in your particular
circumstance. |
| Knowledge Base |
Share Market: A market for the trading of publicly held company stock and associated financial instruments (including stock options, convertibles and stock index futures).
|
| Email This Article |
|
| Insurance Quotes |
Select from the list below for free comparative quotes from a big selection of Australia's leading and best known insurers:
|
Financial Calculators 3.0
Click here to download your copy now
|
