Everyone wants to be rich, but it won't happen.

Do you want to know why?

Here are the "less obvious" reasons why you may never get rich.

1. You can't control yourself.

Have you heard the popular saying of Morgan Hausl?

"Spending money to show people how much money you have is the fastest way to save money."

Many people are doing this without even knowing it.

Suppose you have a stable and decent income now-you are mature and comfortable now. But when you notice that you are still wearing old clothes and driving an old car, people may think that you are still struggling financially.

So what would you do?

You let your ego take over your better side. You spend money everywhere to send messages. You pursue exquisite furniture and other trifles. You spent money on your slightest contusion.

If you continue to spend money like this, it won't be long before you lose motivation.

If you don't realize in time that you have been wasting money, then you will never take corrective measures and use these funds to develop a sound portfolio.

The sad thing about this problem is that if you can't find a way to control yourself, this cycle will repeat over and over again.

You are satisfied with a steady salary.

According to nassim nicholas taleb,

"The three most harmful addictive substances are heroin, carbohydrates and monthly salary."

Research shows that more than 70% of the people aged 25-50 in the world make a living through their monthly salary. Although this is not a complete nightmare, if you only rely on (and are satisfied with) this source of income, then several things may go wrong.

You are subject to the continuous operation of the organization and the whole industry, such as the impact of coronavirus pneumonia-19 epidemic on the tourism and entertainment industry. The reality is that people are only one step away from poverty, especially when they have outstanding debts.

Relying solely on your monthly salary will deprive you of any financial flexibility. If there is an emergency, it is easy for you to return from salary to salary, which makes it very difficult to accumulate wealth.

Compared with people with multiple sources of income, people who only rely on monthly salary accumulate wealth for a longer time.

It is quite limited to be satisfied with monthly income. This will kill all your remaining creativity. You don't need to create or try anything new, because you know that your monthly salary is acceptable anyway.

So why don't we flip the narrative?

Find ways to increase the source of income. The more the better!

It may be a sideline, diversified investment, royalties, or anything that can bring you extra cash.

Remember, relying on only one source of income is more risky than relying on multiple sources of income.

You are always in debt.

If you can't keep or invest your income, because most of your income is used to repay the monthly loan, it will be difficult for you to accumulate wealth.

Loan is the most expensive product in the world, which requires you to continue to make specific future repayments, regardless of the adverse effects of inflation on the value of your currency.

For example, the interest rate of credit cards is higher than the average return on investment in the stock market.

Debt can also promote anxiety-the bigger the debt, the more anxious you are. From all angles, debt seems to be too expensive.

Maybe you are heavily in debt because your mortgage is too high, or you don't know how much you owe, or you only paid the minimum repayment, or you just can't say no to your children.

Whatever the reason, you'd better start making a reliable plan to get rid of these debts, especially personal loans, so that you can get rid of them and keep and invest everything you do in the future.

4. You are a prisoner with an inflated lifestyle.

This is one of the most powerful forces that prevent mankind from getting rich-no matter how much money we earn, it can't be less than what we earn.

Murphy's Law explains that no matter how high your income increases, expenses will always rise to your income level-friends, which is why most people in the world are always bankrupt.

When people say they want to be a millionaire, what they really mean is "I am willing to spend a million dollars", but this is the complete opposite of becoming a millionaire.

Suppose you just got a raise, or you won a bigger contract, and a lot of money went into your account! What's your next idea?

You start to move your target position higher. What once satisfied you suddenly began to bother you. So what would you do?

Upgrade, upgrade, upgrade!

You start to improve your lifestyle. You spend money as soon as you have a desire. You had a pleasant holiday. You bought expensive clothes, shoes, cars, and maybe moved into a bigger house.

Before you know what happened, your expenses have far exceeded your income, and you have returned to your life from salary to salary.

Caution is the key.

If you spend more than you earn, it is almost impossible to save. Spending all your salary is not a good strategy to accumulate wealth. Try to control your expenses and track where all your money is spent.

If your salary or income increases, please see it as an opportunity to save more money and increase wealth, not an opportunity to exaggerate your lifestyle.

Remember to apply these wise words of Warren Buffett in your life:

"Don't save the rest of the flowers, spend the rest."

5. You didn't invest in yourself

Roy T. Bennett put it well.

"There is no more profitable investment than investing in yourself. This is the best investment you can make; You will never make mistakes. "

People don't talk about it as much as investing money. Ironically, investing in yourself is one of the simplest and most effective ways to get rich.

That's why.

If you don't invest in yourself, you will miss the opportunity to increase your knowledge, value and potential. You missed the opportunity to become more confident and equip yourself with the necessary skills to accumulate wealth.

In the end, you missed the opportunity to gain a competitive advantage that can be used forever.

You can't underestimate the value of learning.

Spending some money on degrees, courses, books, seminars or tutoring programs can easily distinguish the rich from those wandering in the wilderness of trial and error.

Anything you learn may change your life.

You can invest in personal finance, entrepreneurship or any skills you want to master, which will have a lasting impact on your life.

Start investing in yourself today, the sooner the better.

6. You are no different.

Look at two fastest ways to become a millionaire overnight.

(a) Providing things that others cannot provide, and charging huge fees for it.

(b) Do what others don't want to do and charge huge fees for it.

Similar to these two strategies, they stand out as an outlier. In other words, you have to be different to make a difference.

Here are some more practical examples. ..

Who is more likely to get a faster promotion or salary increase? An employee who looks for additional problems to solve and takes on more responsibilities, or an employee who only insists on daily work procedures and does not want to avoid additional responsibilities?

Which entrepreneur is most likely to become more successful? Is it a person who seeks the minimum opportunity to improve the efficiency and competitiveness of the company by providing employees with the latest training and work benefits, or an entrepreneur who doesn't care about employees?

How many employees can walk into the CEO's office and ask them such questions: "What's your most pressing problem? I want to help you solve it. "

Not much.

To do this, we need an abnormal value, and these people can get the kind of economic return that can make them rich.

If you want to be rich, you must create value in different ways. You must be able and willing to do what most people cannot or don't want to do.

This is how you become different. This is how you become an outsider. This is how you get rid of bankruptcy and join the rich gang.

So ask yourself-how much do you want?

7. You are not an expert in a certain field.

The reason why most people don't succeed in anything is that they jump from one effort to another, but they don't invest enough time, energy and resources to succeed.

When you fail to try something new, you will compare yourself with someone who is more successful in this field, and then you will say, "This is not for me, maybe I should try other methods."

But the reality is that as long as you practice well enough, you can really be good at anything. In fact, this is how the idea of 10000 hour rule came into being. In his book The Outsider, Malcolm Gladwell thinks that if you put 65,438+00,000 hours into anything, you will do well.

Here's the thing. ..

If you want to become a millionaire overnight, you will never have enough patience to try to master a specific business field. This means that you will always give up easily in order to find the next best thing.

If you are an instant satisfied fool (you want to see the results soon and reap the fruits of your labor immediately), you will certainly become impatient and will not move on in any upcoming challenges.

Giving up your thoughts and efforts and jumping between different noises will leave you with nothing, that is, you will never earn the money earned by real experts in any particular field.

8. You didn't make persistent efforts.

Although this advice sounds old-fashioned, persistent efforts are the most powerful secret to success in anything you do, including the pursuit of wealth.

There is a difference between hard work and persistent efforts.

When you work hard but don't agree, you will let fate decide whether you will succeed or not. You are more susceptible to competition, and eventually you will lose the motivation and inspiration to do more work.

However, when you work hard, your professional knowledge and luck factors will compound and increase with every extra work you put in, and your success will inevitably multiply.

You can learn how to work hard persistently.

Efforts alone cannot guarantee success. If you don't consistently show the enthusiasm you believe in, then you will automatically reduce your chances of getting rich.

9. You don't show your work.

Gifted, or unusual, or high-value quotations are just one aspect of the game. You must be able to find yourself in the potential target market.

If you don't show the world what you can offer, if you don't show the world your value, how can you expect to get rich?

If you have any skills (no matter how stupid you think), if you are discovered by the right audience, you have the ability to create wealth for you.

Getting rich requires adventure, optimism and, most importantly, keeping yourself out of it.

Bottom line:

If no one discovers your talent or unique ideas, they will die slowly, and the opportunity to create wealth through them will also die slowly.

Learn how to put yourself there. Learn how to build networks and make meaningful connections. Learn how to sell yourself. Learn how to cultivate the audience. Learn how to use all the platforms on the Internet to show your works.

10. You didn't seize the opportunity to change your life.

In life, everyone is faced with at least one or two or more opportunities that can change his life forever.

But the problem is-they either don't admit it or admit it but don't use it.

How many times have you overlooked a business idea that keeps coming to your mind?

How many times have you turned down investment opportunities because you want to save more money before investing?

How many times have you refused to join a business partnership?

How many times have you postponed applying for your dream job?

Not realizing that the opportunity to change your life is not the real problem-besides, there is no chance to scream "idiot, just do it!" " I am an opportunity to change your life forever. "

The real problem is that you didn't make good use of every opportunity.

If you are always used to rejecting ideas or opportunities immediately without any form of research or due diligence, please know that you may have given up an idea or opportunity that should have changed your life forever.

1 1. Your idea is not sufficient.

Not expanding your thinking may also be the biggest mistake you make in the process of accumulating wealth.

Broadening your mind refers to the extent to which your mind can lead you to the topic of making money.

It requires a lot of bold thinking, abstract thinking, analytical thinking, and most importantly, thinking with a mentality that you have the ability to do anything to achieve any goal you set for yourself.

Expanding your mind will allow you to set lofty goals.

Setting big financial goals for yourself will filter out activities that waste your time, and these activities will only make you earn peanuts in the end. On the other hand, thinking boldly and expanding your mind will focus your attention on those activities that actually give you a chance to earn the money you want.

Expanding your mind can also give you a long-term perspective on things and prevent you from becoming impatient in the face of inevitable challenges.

It can also prevent you from shorting yourself. It urges you to learn the necessary negotiation skills, which can change the rules of your game when you are faced with the opportunity to change your life; For example, your product pricing, your contract profit percentage, and even negotiate your salary with your employer.

Entrepreneurs like mark zuckerberg, elon musk and travis kalanick can invent these brands because they can expand their thinking and provide value from their thinking.

I'm not saying that the only way for you to get rich is to be the next inventor or to charge your customers and employers too much, but if you don't let your ideas take you to the farthest place, you will limit your chances of getting rich.

12. You didn't work in a favorable environment.

Not everything is under our control. Sometimes you can do everything well, but in the end you are disappointed with the result.

A good environment is an environment that provides the necessary foundation and support for the vigorous development and financial success in any field.

If you live in a place with very low business convenience, it may be because of strict laws and regulations or other socio-economic, environmental or other political problems that it is difficult for you to accumulate wealth.

The same is true for people who work in places where labor protection laws protecting the rights of employees and workers are weak.

The good news is your feet won't stick anywhere forever. If your area doesn't support the progress you want to make, please put on your hat and leave.

13. You don't believe in yourself, and you are afraid of failure.

The reason why you don't show your ideas to the world is because you don't believe that you are good enough to create valuable things that can help people (impostor syndrome).

So what would you do?

The birth of an idea will make you doubt yourself. In fact, you will smear the idea until it disappears.

Or, maybe you know your ideas or skills are good, but you are afraid of what others will say. You are afraid that they will laugh at you and even cast a shadow. You can't accept that criticism.

So you climb back into your shell and leave your potential wealth to someone braver than you.

If you continue to close such opportunities, it will be difficult for you to accumulate wealth.

"Open the door for those who dare to knock."

The key to stop doubting yourself and giving in to fear is to build self-confidence and learn how to deal with criticism.

Doing so will enhance your self-confidence and eliminate your fears.

If you don't learn how to eliminate fear and self-doubt, you will never be able to accumulate wealth.

14. You didn't teach yourself personal finance.

This supports our previous view of investing in ourselves, but this time it is in a very important field-personal finance.

Gone are the days when you thought it would be enough to hire a personal financial adviser to tell you what to do. Sometimes, they may be as ignorant as you.

Now many things have happened all over the world, which have had a great impact on finance. 2 1 century, you should receive economic education.

First of all, you can't make ends meet while receiving an economic education. If you haven't received the basic knowledge of personal finance, you can't even surpass the standard of living from salary to salary.

You need to learn the basics of tracking expenses, establishing budgets, managing debts, emergency funds and investment savings.

Through this stage, you also need to know when and where to invest your own funds and how to manage your portfolio effectively, so as to reach the intermediate or even advanced level of personal financial education.

To make a long story short, if you don't have an economic education, you may not do well in the economy.

15. You stopped saving because you think you have an investment now.

As Morgan Hausel said,

"Saving is an inevitable ability to hedge against life and surprise you at the worst moment."

If you stop taking savings seriously because you think you have an investment now, you need to consider the following points:

The more savings you have, the more independent you are. The more you save, the more control you have over your future time and choices.

Life is a bitch. More money in the bank means you have a better chance to spend unexpected and unplanned huge expenses (these expenses will definitely appear at some time in the future).

Saving gives you the privilege to participate in life-changing investment opportunities that may arise in the future-saving may also prevent you from selling the most valuable investments during the economic downturn.

When accumulating wealth, saving is the only determinant that you can control 100%.

Bottom line:

If you stop saving because you think you have investments now, you won't be able to build enough emergency funds.

If you don't have emergency funds, a large part of your portfolio may be sold to cope with the huge unplanned expenses that will definitely happen at some time in the future.

What if there is no portfolio? Well, you're in debt again.

When you get into such debt, it becomes more difficult to accumulate wealth.

Good luck.