Many people want to be financially independent to do whatever they want, whenever they want with whomever they want but only a few of them become so.
So if you are one of them, let me give you 6 reasons why you are still not financially independent.
#1 You think it’s impossible
I spoke with many people about financial independence and each one of them completely agrees on the fact that financial independence is great.
Not worrying about money, travelling wherever we want, buying whatever we want without feeling guilty…is something many people want but only a few of them will ever achieve simply because they will tell themselves:
“Stop dreaming! That’s not going to happen, that’s too good to be true…”
Which boils down to:
That belief is what prevents most people from ever reaching financial independence because if they believe something is impossible they won’t take any action. They won’t read any book about finance, they won’t attend seminars, they won’t interview people who are already financially independent, which is necessary to become financially independent.
#2 You don’t have any plan
If you say that one day you’ll be financially independent make sure you have a plan. Having a strong desire to get something is not enough, you need to implement strategies otherwise that’s just dreaming.
So can you tell me what is your plan for the next 5 years? What will you implement exactly in the future to reach your financial independence?
If you can’t answer both questions, finish reading this article and start writing down your plan. I don’t want you to procrastinate! If you tell me that you’ll make it tomorrow you won’t do it. So start making a plan and stick to it!
See also: Reach any goal with that simple trick
#3 You spend all your pay immediately
Don’t be like 80% of people; pay yourself first! That’s the rule n°1. No matter what you’ve read so far about wealth creation or financial independence saving money must be your priority.
So what do I mean by paying yourself first? “Paying yourself first means that every time you get any income you want to immediately put 10% of your money aside (on another account for example). Before paying any rent, any taxes, any loan, food, clothes…”
#4 You take advice
This point is also really important. A lot of people who want to become financially independent take advice from other people around them. That’s a big mistake so if you do it, stop it now.
When you take advice from your friends, family, colleagues…you won’t get any benefits, unless they achieved what you want. The only thing they will give you is thousands of reasons not to invest, not to undertake, not to do this or that. They will hold you back with their fears and expectations.
Only take advice from people who already have the result you want to get!
#5 You don’t make sacrifices
We tend to think that financial independence is something that we will get with time and patience. Time and patience are necessary of course but a lot of efforts are required too.
You need to make some sacrifices! I know when you come back from work or school you’re tired and the only thing you want is lay down on your sofa and watch TV, go on Facebook or watch videos of cute cats on Internet.
If you want to be financially independent forget all of that and read books and watch educational videos about what you want to achieve for example.
You need to get your head right if you want to create wealth. That’s a part of the sacrifices you need to make.
With time you’ll see that you will enjoy it. Reading books will be almost like seeing money coming in into your bank account. But if you notice that after reading 1 or 2 books you don’t enjoy the time you spend getting educated on that topic, you should forget about becoming wealthy. Because what’s the point of becoming financially independent if you don’t like the process involved?
#6 You are not grateful
You need to recognize the wealth you already have. Be grateful for being alive, for having a family, friends…if you are not, financial independence will bring you nothing. Don’t think that money will bring you happiness. If you don’t see the beauty in your life today, you won’t see it tomorrow with $1billion.
If you liked this article don’t hesitate to leave a comment and to like us on Facebook!
Tony Robbins Advice on Achieving Financial Freedom
How to Organize Your Digital Space for the New Year
Every new year brings with it a fresh start and a new set of resolutions. One new year’s resolution you can make that will help set you up for success is to maintain an organized workspace all year long. Much like you should keep your physical workspace clean and clutter free, you should also do the same for your digital work space. (more…)
How to Live Like a Millionaire Without Being One
You don’t have to look far to find people who seem to be living the high life. In both social and traditional media, the affluent lifestyle appears to be more the rule than the exception. While not always truthful, it’s part of the posturing that takes place in our rabidly consumer-driven society. (more…)
3 Ways to Overcome Impostor Syndrome
Imagine you’re the head of a $250 million company. Sounds great, right? Except you’re challenged with your level of success. In fact, your anxiety is so overwhelming that you walk out of an exclusive CEO event to talk to your executive coach. Without that support, you wouldn’t be able to return to a room filled with other leaders — most of whom aren’t running businesses worth nearly as much as yours. (more…)
4 Lessons I’ve Learned From Sending 3 Million Emails
As an entrepreneur, the heart of your business lies in your email marketing efforts. Sixty-four percent of small businesses use email marketing to reach their customers. Each year this percent will grow because email marketing can turn a fledgling business into the leader of the pack. What you do with those emails matters. Whether you’re a branding coach that helps newly service-based women or you’re like me – an expert content freelancer helping others learn to make a business online –at the end of your email marketing efforts, you’ll hopefully come away with lessons for improvement. I learned these lessons from sending three million emails. (more…)
40 Tyler Perry Quotes That’ll Inspire You to Be Great
Should You Transition From Solopreneur to Entrepreneur? Here’s How to Know
39 Neymar Quotes to Motivate You Throughout Your Day
Sadhguru: How Our Life Is the Result of Our Actions
4 Crucial Life Lessons Rich Dad, Poor Dad Taught Me
55 Inspirational Quotes That Will Change Your Life
(Images) 52 Motivational Picture Quotes For An Epic Year Of Success
30 Famous Quotes That Will Inspire Success In You
40 Rare Motivational and Inspirational Picture Quotes
72 Positive Thinking Quotes For More Inner Strength & Growth
3 Prince EA Videos To Change Humanities Path To Greatness
(Video) What Is Success? An Entrepreneurial Story To Inspire You
(Inspirational Video) What If Today You Knew You Were Going To Take Your Last Breath?
How To Make Enough Money From A Blog To Quit Your Job – Kate McKibbin
How Finding Your Passion And Becoming An Entrepreneur Can Lead To Happiness – Chiquita Searle
Life3 weeks ago
5 Things You Should Do Differently in the New Year
Success Advice3 weeks ago
7 Ways To Write New Years Resolutions And Stick To Them
Life3 weeks ago
The Only 5 Tips You Need to Live a Better & Struggle-Free Life in 2022
Life3 weeks ago
6 Simple Ways to Practice Self-Care More in 2022
Life3 weeks ago
5 Ways to Ditch the Resolution in 2022 and Create the Solution
Quotes3 weeks ago
The 50 Unforgettable Betty White Quotes For Inspiration
Success Advice4 weeks ago
How to Help Your Child Succeed in Life: 7 Tips From a Psychologist
Entrepreneurs4 weeks ago
5 Things You Need to Master to Become a Successful Entrepreneur