"Why aren't you rich?" That's the question (from Day # 75) in Year To Success by Bo Bennett. Here are a few of his theories and common excuses:
*No. 1. We don't really want wealth.
*No. 2. We're clueless about building wealth. (Lack of knowledge).
*No. 3. Some of us secretly believe that wealth is evil. (Poverty is noble!)
- No. 4. Lack of time
- No. 5. Destiny: We're fated to be poor. (Family history or personal karma limit our bank account and lifestyle.)
- No. 6. Constant failure. We're trying. We're trying.
- No. 7. Fenced in by bills. Day-to-day concerns preempt long-term dreams of wealth.
- No. 8. Waiting, hoping "for the right opportunity."
- No. 9. Faith in a future inheritance, the lottery or some other sudden windfall of wealth.
- No. 10 Hoping to marry a rich partner.
For example, my own list includes excuses: No. 4 lack of time; No. 7 day-to-day responsibilities; and No. 8 waiting for golden opportunities.
My insights: Disorganization and poor planning are the culprits. With better planning, I can meet the financial pressures of day-t0-day living and still have time to work on long-term projects that offer handsome payoffs.
My Action Plan includes:
1) Better organization.
2) Elimination of procrastination.
3) Setting aside daily blocks of time for long-term projects and personal development.
4) More exercise and relaxation. Workouts and meditation increase my mental focus and decision-making abilities.Likewise, with better planning, I don't have to wait for golden opportunities or pray for large blocks of free time. With an organized plan and daily goals, I can balance long-term wealth building projects, with short-term actitivities that provide an immediate pay-back to cover bills.