Wednesday, January 29, 2014

KAABOOM!!! Day 5 in 30 day Challenge Tips of Why you may not be Wealthy

KAABOOM!!! Day 5 in 30 day Challenge Tips of Why you may not be Wealthy



FIVE REASONS WHY
MOST DON'T BECOME WEALTHY

1st at the top of the list, is that it never occurs to them.
      - grew up not wealthy/ hung out friend not wealthy

2nd Never decide to
       - must make the decsion to do something about it!
        - If you continue to do what you've always done, you'll continue to get what
           you've always got

3rd   procrastination.- MAYBE TOMORROW
         - always an excuse  - STOP MAKING excuses & Take Action!

4th    inability to delay gratification. ( Stop spending every penny on THINGS!)
         -  If you cannot practice budgeting as a lifelong habit,
           it will be impossible for you to achieve financial independence.
           As W. Clement Stone said,
           "If you cannot save money, the seeds of greatness are not in you."

5th      lack of time perspective.
           - planning your day-to-day activities and when making important decisions
            in your life.
            ex. when child is born put $50 a month in a college fund - long term planning

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