3 top Limitations of wealth creation

[Augusta]

When it comes to wealth creation you need to work hard and smart. When you just wait for the future to arrive, you are missing it. So how are you limiting yourself from creating wealth

Laziness of the mind:

The mind can get lazy when you give it the chance; you have made up your mind not to do that that can help you create wealth. So you are not only dulling your hands but your mind as well. We become what we think. you have told yourself it isn’t possible and it will work that way.

Fear of the unknown

This is one thing that keeps one from wealth creation, you can thinking about what have never happened and keeping yourself away from putting your thought to action.

Lack of interest

You can never achieve what you have no interest in. you would keep limiting yourself from wealth creation , because you no interest to create wealth.

Add yours

 

[saoussen5765]

Being scared from whatever that doesn't fit your requirement or something that is not familiar is totally normal and may by taking the measures to prevent any unknown scenario is much appreciated rather than doing anything without precaution.

 

[Shaf]

One of the greatest limitations people face when trying to build wealth is lack of proper planning, and not just any plan, but one that will work and outlines all the person needs on the journey to make wealth. This will include a timeframe, the exact goals and challenges faced, how to solve issues that arise.

Another challenge is knowing what to invest in to build wealth. It's easy to calculate the profits you can make, but there are risks involved, the timeframe and challenges which can make an investment fail despite the potential profits one can make.

Building wealth also requires discipline and consistency, which a lot of people struggle with. You can make money in the short term, but it takes real guts to maintain that status over a long period of time. Most people end up losing what they've made to bad financial decisions both in personal lifestyle and choices of investments.

 

[Abigael]

Those are really the factors that prevent most people from building wealth. Wealth creation starts from your mind before impacting your actions and behaviours. So if you have a wrong mindset towards money making, you won't succeed . Sometimes this wrong mindset is passed from generation to generation. So you have to assess your mindset towards money and change the wrong beliefs that were passed down to you.

Poor spending can also deny you that sweetness of wealth. If you are one that lives from paycheck to paycheck, you never invest anything nor look for side hustles, then you are not building wealth.

Another thing that prevents many from building wealth is fear of taking risks. Being a risk taker is every rich man's ticket to wealth. You need to get used to trying new things, starting businesses and investing in safe assets.

Lastly, being addicted to luxury will make you spend more than you earn. Live within your means, be contented with what you can afford.