8 Myths About Creating Wealth
probably read or heard about various myths surrounding wealth and wealthy
people, all of which hinder your quest for financial independence. Here
are the most common and most destructive:
No. 1: How much you earn depends on how hard you work.
were true, then the physical, blue-collar workers, who have been working
hard for years, would have been the wealthiest people on earth. Of course,
this isnt true. They form most of the workforce and the vast majority
of the middle-class.
witnessed your parents coming home tired from a long days work
in your youth, you probably learned that money wasnt a sufficient
reward for all that effort. People who work just for the
money often have debts because they comfort themselves with whatever
they can buy, beautiful things they lack when working.
No. 2: Being paid for something you enjoy isnt work and you shouldnt
ask for money for doing something that is enjoyable.
this with millionaires. They all have so much money that they dont
need to work anymore. Nevertheless, they work for other reasons, challenge,
satisfaction, fullness of life, activity, fun... and all are connected
to a love for their work. If there was no joy in doing a certain task,
they would do something else that would make them much happier and that
enables them to realize their dreams.
if you dont enjoy your work, you will never become wealthy doing
it! However, just because you enjoy your work doesnt mean you
shouldnt get paid for it - in fact, that is the ultimate goal,
to get paid for what you already enjoy so it never feels like you are
No. 3: You need to be in the right line of business to amass wealth.
think so? This must mean that all the people who are involved in the
same business are millionaires. Of course, this isnt true. In
each business there are winners and losers; winners abound, even in
businesses that consist of distasteful (to most) or impossible
work like sweeping the streets, collecting the trash, working in a factory,
pumping gas, selling newspapers, etc. On the other hand, there are just
as many losers in businesses like selling real estate, management
or being a stockbroker.
No. 4: You need the right education to make a fortune.
most educated people really the wealthiest? Not at all! In this case,
university professors would be the wealthiest people on earth. Ask them
about their salaries, if you get the opportunity. The truth is vastly
different - the wealthiest people are those who can convert their knowledge
(or education) into money, in the best possible way. They can be highly
educated people (like inventors, scientists, etc.) or almost ignorant.
formally uneducated does not equate to poor performance on the job or
the inability to form a strong enough vision to carry a person to success
- they can easily be experts without having a formal education.
No. 5: It used to be easier.
show an increase in the number of millionaires in the world every year.
Talking about the good old times only offers comfort and
a convenient excuse. If you look around, youll see there are people
who behaved the same way in the good old times as they do
now, yet their success has been recent. With technology and progress
come new ideas, desires and needs and there are more business opportunities
appearing daily to serve them.
No. 6: Im too old (or too young).
research the life stories of some of the most successful people, youll
see that this isnt true at all. Some became wealthy early in their
lives (perhaps from the stock market), while others found their fortune
in their old age. Ray Kroc, was more than fifty years old when he bought
and made the first McDonalds.
No. 7: I dont have enough money to start. You have to spend money
to make money.
no different from any other excuse or myth. Like the others,
its obvious this one isnt true either. Many have made their
fortunes starting from scratch, living in an apartment or working out
of their garage and yet they developed business empires that are worth
billions of dollars today. The other elements of success are far more
important than having seed money to start a business. Yes, often money
helps and it certainly doesnt hurt. Like everything else discussed
in other myths: it probably helps, but it is not always necessary.
No. 8: Ill begin when I know everything.
believe that you will know everything someday? Or even that youll
know enough to ever be really prepared now? The more you
learn, the more you see what you still need to learn. Success and obtaining
wealth is a dynamic process. Even if you could come out
of the gate knowing everything there is to know, some of those elements
will change immediately and many will change rapidly. If you dont
decide now, nothing will happen. Live and learn.
have even allowed themselves to go bankrupt and then (even faster) recreated
their wealth, sometimes even greater than before. Money itself isnt
the obstacle that is keeping you from being wealthy.
taking action as much as you can. Make your workplace better
or more efficient. After all, even if someone else signs your paycheck,
you really work for you. Even if you are an employee in a large corporation
- it isnt your corporation - but it is the only corporation through
which you can prove what you are capable of right now.
us have what it takes to become a millionaire! Born winners, yet few
of us know how to take advantage of and cultivate the possibilities
hidden inside our own mind!
can ever grant you greater potential than your heart already holds
need only discover its contents to find the one true path to your success
in life. Born with the seeds to our success, the greatest decisions
must always come from the inside! You will discover a new, deep well
of fortune yourself!
Grubisa is the best-selling co-author of the book "Millionaire
Mindset" which teaches the inner energetic game of successful
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