16 Things That Keep You From Getting Rich | The Study Of 500 Billionaires

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16 Things That Keep You From Getting Rich - The Study Of 500 Billionaires - Business - tinoshare.com
16 Things That Keep You From Getting Rich - The Study Of 500 Billionaires - Business - tinoshare.com

Powered by the legendary entrepreneur Andrew Carnegie, who became a dime into a fortune, the journalist Napoleon Hill investigated more than 500 self-made millionaires for over 20 years before in 1937 to launch his bestseller “ Think and Grow Rich “. In addition to the 13 principles for wealth creation, revealed 30 major causes of failure that prevent people to get rich. These are the 16 causes of failure that remain relevant today. 


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Napoleon Hill
$6.78   >> Get It Now
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1. Not having a well-defined purpose.

There is no hope of success for the person who does not have a defined purpose or goal that points him there. If you’re looking to build wealth, begin with the showing of a savings goal with a specific number. Then make a financial plan and determine exactly what you want to do with your money.


 

2. The lack of ambition.

Have to want to aim above mediocrity, Hill says, “we do not offer hope for the person who is so indifferent as not to get ahead in life, and who are not willing to pay the price”. The wealth does not seem simple. You have to work with patience and persistence. A good starting point is to invest your money (the sooner – the better), and let the power of compound interest build your wealth. It does not take much time or effort, but it requires action on your part. As you know, Warren Buffet uses the method of value investing, of investing an amount, add the accrued interest on the principal, allow time and let you grow thanks to compound interest.


 

3. Failure to correctly apply your education.

That a university degree does not stop you. Knowledge is only potential power, and will not be useful or lead to a wealth unless you organize and apply it to life, Hill emphasizes, “education is not so much knowledge, but knowledge applied effectively. The men are not paid for what they know, but by what they do with what they know. ” Do not settle for your college degree. Make it a priority to constantly learn new things and challenge your mind. There is a reason why many of the rich and successful people today are great readers.


 

4. Lack of self-discipline.

Discipline comes through self-control. This means that one must control all negative “qualities”. Before you can control every situation, you must first control yourself. When it comes to getting rich, the basic formula is: save more, spend less, spend more. It’s a simple concept but spend less requires discipline. Learn to recognize and manage triggers overspending if you want to start accumulating wealth.


 

5. Not taking care of your body.

No person shall enjoy great success if they have no good health.

It is no coincidence that many millionaires make time in their schedules to exercise. If you do not master your body, the good news is that many of the causes of ill-health-eating excessively, negative thoughts, and lack of exercise are fully under your control.


 

6. Slow things (procrastination) Hill believes that procrastination is one of the most common causes of failure:

“Most of us go through life on track to failure, because we are waiting for the right time to come” to start doing something worth it. Don’t wait. Time never stops. Starts from where you’re standing and work with all the tools you have at your disposal, and you will be finding better tools as you go. If you want to create wealth, begin today. Read articles or books on financial education, make a financial plan … etc. Starting today. What we do not know, you learn on the fly.


 

7. The lack of persistence.

Most of us are good at starting things, but in the end we usually get tired of all that started.

People are prone to give up at the first signs of defeat. Do not stop until you get what you want. The most successful people tend to be busy and overcome failure. The millionaire Mark Cuban said: “I’ve learned that no matter how many times I could not, you just have to be right once to succeed”. Negativity. “There is no hope of success for the person who repels people through a negative personality.” Success comes through the application of energy, and energy is obtained through the cooperative efforts of other people.  A negative personality will not induce cooperation, “recalled Hill in his book.


 

8. If you want to get rich, positive emotions must master to negative.

Today, research shows that positive people are more likely to perform better in their work and are less likely to be unemployed.


 

9. The lack of decision.

” After analyzing several hundred people who had amassed fortunes of more than one million dollars (of the time), you come to the conclusion that each of them had the habit of taking decisions quickly. ” Moreover, “the people who can not accumulate money, without exception, have the habit of making decisions, if at all, very slowly, and changing these decisions quickly and often. ” Decisiveness is not just a feature of the rich, it is a . of the most important qualities a leader must possess the end of the day, making a bad decision is better than not having taken any decision.


 

10. The wrong choice of spouse.

Hill highlights this as one of the most frequent causes of failure. “Unless this relationship is harmonious, failure is likely to continue.” Moreover, it will be a form of failure that is marked by misery, unhappiness and the destruction of all signs of ambition. ” His claims are backed by research. A survey of Brittany C. Solomon and Joshua J. Jackson of the University of Washington in St. Louis, shows that having a conscientious spouse can increase your income.


 

11. Do not take risks. “The person who takes no risk in general has to take what is left when others have already chosen”

says Hill. “Excessive caution is as bad as low caution. Both are extremes to be monitoring.When it comes to managing your money, it can be tempting to let your savings are safe in your bank account to avoid repercussions and the sensation of falling of the bag. However, investing your money is like going to do more of the same. Will you do it wisely, of course, and a good starting point is to look at index funds inexpensive, what Warren Buffett and other experts have always recommended for the long term investor.


 

12. Meeting with wrong people.

One must be careful to select a pattern of person who will be an inspiration, and is smart and successful, advises Hill. This concept goes beyond your boss and coworkers, it is also important to surround yourself with people talented outside work. We become like the people with whom we associate, so that the rich tend to make friends with others who are rich is not a question of. discrimination is a matter of mutual contributions. Likewise, a person of poor class that gets introduced and absorb the words of a circle of wealthy, probably no longer poor in no time.


 

13. Continue the work you hate.

“No man can succeed in a line of endeavor which he does not like”. The most important in the marketing of personal services step is selecting an occupation in which you can throw yourself wholeheartedly. We must not expend energy in a job that leaves you stressed and unhappy in life. Leave your job, if the circumstances are right, it can be very rewarding and can bear fruit in the future.


 

14. The lack of passion.

Without enthusiasm one can not be convincing. Moreover, enthusiasm is contagious, and the person who has it under control, is generally welcome in any group of people. The richer people do not find success on their own; but they use their passion and energy to inspire others and move on. Match billionaires that nobody has accomplished anything great without passion for what he was doing.


 

15. Being close-minded.

People with a closed mind on any subject seldom get ahead. You must be willing to continuously collaborate with others, to imagine new ideas and innovate. The richest and most successful people think differently.


 

16. The lack of social skills and inability to work with others to build an empire needed people skills and charm, as well as the strategy. Mark Cuban said in an article on the keys to business success “. The people hate dealing with people who are idiots it is always easier to be nice to be an idiot So do not be an idiot.”.


 

 

 



1585424331 Think and Grow Rich: The Landmark Bestseller – Now Revised and Updated for the 21st Century
Napoleon Hill
$6.78   >> Get It Now
1612680011 Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
Robert T. Kiyosaki
$7.19  >> Get It Now
1454900679 Outwitting the Devil: The Secret to Freedom and Success
Napoleon Hill
$8.78    >> Get It Now

 


 

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