It is often believed that everyone cannot become a millionaire— what happens if everyone starts working smarter and working harder? Why can’t we all become millionaires? Do you think it’s impossible for everyone to become a millionaire?
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It is often believed that everyone cannot become a millionaire— what happens if everyone starts working smarter and working harder? Why can’t we all become millionaires? Do you think it’s impossible for everyone to become a millionaire?
Yes, and that is because money is merely a resource with finite utility. I want enough money to pay for housing, food, and some luxury. Nothing is gained by becoming a millionaire that inherently makes me better able to meet these needs. Essentially, the status of being a millionaire is a hobby that more people wish for than are actually interesting in becoming. The main reason is pushing your own boundaries and working really really hard. There are some people who put in great hard work but then too get a very mild success, this is because hard work is needed but at times you should do smart work. Efficient work and creative ideology will make you a millionaire. And, taking risk is also important.
This is a sad reality, in all honesty most people do not have what it takes to become millionaires. The majority of people in the world lack purpose. What this means is that most people don’t really know why they exist.
Many millionaires didn’t just start off following selfish interests and goals to buy luxury cars and expensive homes. They had bigger purposes and goals to uplift the lives of their families and communities.
Lack of Ambition— Ambition is the fuel that drives purpose, therefore if you lack purpose then you will automatically lack ambition.
As such the majority of people in the world lack ambition. Lack of ambition means you cannot grow inwardly and outwardly as a person.
Many people who conquered the world such as Alexander the Great, Julius Caesar and Napoleon, all had great burning ambitions.
This is the same for people who became great athletes, boxing champions and millionaires.
Procrastination— Procrastination is the failure to take positive action. Procrastination is perhaps the greatest enemy of success and as such, the greatest roadblock to becoming a millionaire.
Most people just drift by in life, without any particular purpose or direction. They spend many hours just drooling and daydreaming and doing nothing. As a result they end up becoming poor.
Lack of Discipline— Lack of discipline is perhaps one the greatest hindrances to financial success.
The world is full of failures who simply lacked financial discipline and proper planning.
There’s no such thing as an accident. Every failure is a result of an error in human judgment.
Opportunities and chance come to everyone, although not at the same time but they really do, and when they come, lack of vision, financial discipline and unpreparedness greatly undermines financial success.
Hard vs Smart Work— Most people will not become millionaires because they never learned how to work smart. You have heard it said that hard work pays off. I would say that smart work pays off.
In the 19th century, it took about 30 years to become rich. In the 20th century, it took less than twenty years to become rich.
in the 21st century, it takes as little as six months to become rich. All this depends on the smart implementation of a simple law called leverage.