This time some of you are not going to like it because we’ve made it our mission to tell you the truth, and some people can’t hand the truth if your goal in life is to build wealth?
This article is a great place to start because it’ll help you check your current status as well as figure out what you need to improve immediately if want to increase your chance of success, getting rich is a combination of IQ ( intelligence quotient) and EQ (emotional quotient) discipline creativity, focus, analysis and sacrifices. just to be able to trade with the future while staying broke is a simple choice.
In this article, we break down the 15 signs you’re probably not going to be rich.
1- You Don’t Understand Basic Math
We’re already trimming away at the bishes making money is a mathematical process, this how much you earn per deal per hour of this you pay a portion of this to your suppliers and employees out of what’s left you pay a percentage as a tax, and then you reinvest whatever your share of the profits is into other income generating assets.
That’s really all there is to it if what just said sounds like nonsense to you might as well call it right now.
This is basic math people addition, subscription, percentages, multiplication, and division, this is all you’re going to need unless you plan on doing some more complex work , you need to be able to understand data to organize it and draw a conclusion from it, otherwise you can’t accurately measure your business, and if you can’t measure it you can’t improve it know your numbers.
2- Your Focus On Saving Instead Of Earning
This is the major difference between people who are working to become rich and people who are trying not to be poor, you can save your way into the middle class, but you can’t save your way into billionaire status.
The only way to really get rich is to earn more and invest it, it’s a simple process you figure out how to generate more money, then you take this money and invest it into other projects that in turn generates you, even more, repeat the process as many times need to.
When we were just starting out, we went through how to make many books from RICH DAD POOR DAD to the 4-hours workweek, all really great books, but to be honest the most valuable out of them all was called the Millionaire Fastlane by MJ DEMARCO, the focus of the book is on generating money so later on you can invest in real estate and what ever investments you plan on doing, but with out increasing how much earn you won’t be able to have investments, we found this book so valuable.
3- You spend more than you earn
If you spend more than you earn ,not only are you not going to be wealthy you’re likely going to end up poor, for some reason people care more about appearances than they do about their own well-being, there’s no shame in not being able to afford something.
The realization you can’t right now is what should motivate you to get it later.
What people do is they borrow money in order to buy things they don’t really need just so people they don’t really care about won’t look down on them, do you understand how stupid that is, why do you need to upgrade every year to a new phone? why do you need a supreme t-shirt? why do you buy things that you don’t need? just because they’re on sale.
The problem isn’t that you want these things because that’s okay, the problem is you’re not looking for ways to increase your income and instead you’re going deeper and deeper into debt for liabilities.