This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
It’s possible to live and die wealthy if you change your mindset
Most of us work, go to school, and assemble with people who earn an average income. It’s common for the mass population never to experience relationships with wealthy individuals. Wealthy people tend to congregate together just as low-income people tend to congregate together.
I’ve been able to change my financial outlook because my father exposed me to many wealthy individuals as a kid, and my parents exposed me to personal finance books at the dinner table growing up. These invaluable gifts offered me the opportunity to explore wealth and money beyond the limits I was surrounded by.
2. Lack of effort.
It’s simply easier not to become wealthy than to take the actions necessary to create a wealthy lifestyle. You can work an average income job and maintain one income source for the duration of your life without too many problems.
American society has created a system that helps the average income earners float by (e.g., stimulus checks, social security, and other government programs).
If you live in America, the opportunities are endless, but most people don’t take advantage of these opportunities. Yet, immigrants seem to salivate over the opportunities, which is why so many of them own their own businesses and create wealth not only for themselves but also for their future generations.
3. Indecision
A large population wakes up after 40+ years of working and realizes they didn’t save enough to retire, take a break, and experience a financially independent lifestyle that offers them the option not to work anymore.
Most people want to transform their financial status but never get around to taking the actions that will makeover their money situation.
The wealthy didn’t arrive at their status through indecision but through definite decision-making and consistent habitual actions that put them one step closer to their goals each day.
Indecision will keep you broke.
4. Self-Discipline
New is in! Advertisements prove that there is always something to buy, and we love to consume; it creates a pleasurable feeling that many of us might not be consciously aware of, but shopping releases endorphins.
The average human will die with a debt balance. We live above our means for most of our lives without ever considering changing our habits to build a positive net worth. We’re addicted to negative net worths.
Overspending is easy to do consistently, which is why most people never accumulate genuine wealth.
5. Sacrifice
We want success now. We want what we want now. We want to experience fulfillment, pleasure, and rewards now. We live in the instant gratification age. Waiting, self-discipline, and delayed gratification are not sexy.
Consequently, most people don’t ever become wealthy because they don’t know how to invest their resources and energy in building a fortune for the future.
If you can learn to sacrifice now for a future date, your money will look different than most.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.