So many people dream of someday becoming rich. If you look at how many people actually end up achieving this goal, you’ll notice a huge disparity between the two. So what keeps so many from becoming rich and making more money? Here are 4 reasons:

1. You’re Lazy.

Honestly, how much time do you waste during a day? Everyone has the same amount of time during the week, but some tend to use their time more wisely than others. How long do you sleep? What are your favorite TV shows?

2. You’re Afraid.

Of course you are. You’re in your comfort zone. You’re scared of losing what money you do have. Diversification is your mantra along with loss avoidance. You’re afraid of looking stupid or foolish. You’re afraid of failing and being viewed as a failure. You read books on business and investing but are afraid to learn from mistakes.

3. You give up.

I could say you give up to easily, but the fact that you give up at all is telling. If one investment or business doesn’t work out, you blame the investment or business instead of a lack of understanding. All successful people fail, but what sets them apart is that they’re persistent failures.

4. You doubt.

If you think you can’t, you’re right. Instead of trying to learn about something new, you’ll write it off as risky. Worst of all, you doubt yourself and your own abilities. How do you really expect to succeed if you don’t even think you can.

Maybe you’ve seen yourself in some of these descriptions. Identify those areas and work towards improving yourself. I still have a lot of work to do, but I’m confident that one day I’ll succeed.

 Subscribe to Fiscal Musings | Digg This! | Stumble it!