Wealth Creation Blog

Like we talked about before, there are common reasons most people fail at wealth creation. Learning why people fail to create wealth is important to your success. Knowing what is the likely cause of your financial demise, and learning to recognize the things that could be holding you back from creating wealth and achieving financial freedom are integral to learning to overcome and preempt potential failure.

We talked about the impact of feeling guilty about making money, now let’s take a look at the other things that hold people back from successfully creating financial wealth. (We can credit Jamie McIntyre for this enlightening list.)

Top Reasons People Fail At Wealth Creation

1. Denial. Convincing yourself you have no need or interest for wealth; you are happy without money, happy to live pay check to pay check, that there is more to life than money. This is the attitude that “money isn’t everything”. But as Jamie McIntyre’s mentor pointed out to him, everyone who makes this claim turns right around and goes out to do what? Make more money!

2. Blame and Excuses. You are not responsible for what happens to you and you have plenty of excuses to explain why your financial picture is dim. And hardly any of it is your fault.

Correcting Attitudes For Wealth Creation

Did you recognize yourself in any of the above? Be honest with yourself, because recognition of your problem is elemental in remedying that problem. And there’s no shame here – 96% of people in the developed world are failing to create wealth because of the things mentioned above.

What can you do to correct your attitude, then, and build a mindset of success?

1. Be accountable. Take responsibility for the hand you are playing in your financial life.

2. Take action. Make changes to improve your financial life; act to create wealth!

3. Develop gratitude. “Accept the wealth you already have” is the advice Jamie McIntyre’s millionaire mentor gave to him. Financial wealth is only half the picture—there is some truth that there is more to life than money, but to really be wealthy you have to realize and appreciate the whole picture! His advice is to wake up everyday and find 5 things to be thankful for; this serves the purpose of attracting positives and progress rather than wallowing in despair and debt.

Before I leave you today, I’m going to give you Jamie’s two simple formulas that apply to wealth creation.

1. DENIAL + BLAME + EXCUSES = FINANCIAL STAGNATION (96% of the world lives here)
2. ACCOUNTABILITY + ACTION + GRATITUDE = FINANCIAL SUCCESS (only 4% of the world lives here)

Live your life by the 4% rule!

Sean Rasmussen
Wealth Creation Blog
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