HomeMoney & Wealth7 Reasons That Stop You to Get Rich

7 Reasons That Stop You to Get Rich

I know you want to get rich. But you know 95% vs 5% difference, 95% of the population are dead or dead broke by the age of 60. Only 5% succeed financially. The 95% are broke because of seven reasons. 

So, here are 7 reasons that stop you to get rich.

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7 Reasons That Stop You to Get Rich

#1 School never taught you about money & wealth

Reason number one why you’ll never get rich is because school never taught you about money and wealth. 

Formal education is necessary because we want to learn and the prime purpose to learn is to earn. For making more money to get rich.

You see, when you were going through school, remember the subjects Chemistry, Biology, Mathematics, and Physics. Where is the subject of Wealth, Money, and Investing?

Those courses don’t exist because the school system is designed to teach you how to play it safely.

To turn you into a nice, compliant worker. You see, that’s why your professor is not rich. The school instructor is not rich. The principal that taught you is not rich. So how could they teach you how to be rich if they’re not rich themselves? Make Sense? 

#2 You Don’t Think Money is that important

Reason number two why you’ll never get rich is because you don’t think money is that important.

Have you heard of the saying people say, “Oh, money isn’t everything.” You know when people say that, usually what happens is they got none.

They have no money, and money isn’t everything, but money is very, very important in life.

  • Money makes the world move
  • Money takes care of your family
  • Money gives you security
  • Money gives you comfort

Money itself is just a tool, nothing more. Imagine you say to your girlfriend, your boyfriend, your spouse, your husband, your wife and say, “Hey, you know what, you’re not that important to me.”

Guess how long they will stick around, not long. It’s the same thing when you say to money if you imagine money is a person and you say to money, “You’re not that important to me.”

Guess what, they won’t stay around, and that’s why you got no money.

#3 Your Parents Never Thought you about Money

Reason number three why you’ll never get rich is because your parents never taught you about money and how money works.

Unless you come from a wealthy family, or you’re born with a silver spoon in your mouth, growing up you did not pick up the right beliefs about money, wealth, about successful people.

In spite, maybe your parents, they love you, they want the best for you. However, they are not qualified to give you business and financial advice.

And guess what, because you love your parents and you listen to them when it comes to money, and that’s why you will never be rich.

#4 You were never taught how to make money beyond a job

Reason number four why you’ll never get rich is because you were never taught how to make money beyond a job.

Thinking back to when you were a teenager, and you wanted to make some money, you wanted some allowance, right?

You wanna buy that toy, you wanna buy that car, you wanna go on vacation, you wanna hang out with your friends. You go to your parents and you ask mummy, daddy, I want to make some money, and they say to you, what? Go get a job, how do you make money?

You get a job, but is that the only way to make money? You have to understand how money works. Money earned is nothing more than a byproduct of value creation.

As long as you can bring value to the marketplace, you can render a service or product in exchange for money.

So instead of trading hours for dollars, you can trade your ideas and skills for millions.

#5 Mainstream Media and Advertisers Want You to Consume 

Reason number five why you’ll never get rich is because the mainstream media and advertisers, want you to consume.

Why do they want you to consume? It’s so that they can better control you. Starting at a young age, you were taught to spend money that you don’t have.

To buy things you don’t need. To impress people you don’t even like in your life. Do you want to buy toys for your kids? Buy it on a credit card. Do you want to take that vacation? Buy it on a credit card.

Hey, you want to buy that new car that you cannot afford? That’s okay, get a second credit card. Borrow from your mortgage. It’s perfectly normal to have some debt. Do you have a lot of debt, that’s the problem that we have in the world, especially in India. That’s why families, are heavily in debt.

And when you are in debt, you are controlled by the media, and you’re controlled by the financial institutions and you’re controlled by the banks.

#6 You have a negative association with rich people 

Reason number six why you’ll never get rich is because you have a negative association with rich people and wealthy people.

Why, because you’ve been brainwashed by the media, by your parents, by your friends that rich people are greedy, they are mean, they are arrogant, they are evil.

So what, in order not to be one of those people, you make sure you stay broke cause you don’t want to be one of those people.

You don’t want people to think of you as greedy. You don’t want people to think of you as evil. So what do you do, you stay broke.

My question to you is, is it true? And if you believe that it is true, you will never get rich.

#7 You never take full responsibility for your own financial future

Reason number seven why you’ll never get rich is because you never take full responsibility for your financial future.

You know that 95% of people, always like to bitch and complain and be a victim, pointing fingers at others. What they don’t know is every time they point a finger at someone else, three fingers are pointing at you.

And unless, until you take full responsibility and say, “You know what, I’m gonna do something.” I want you to think about how many hours you spend watching TV or on Netflix versus how many hours you study finance, business, money, and how money works.

I want you to compare the time that you invest. Think about it, most people, spend their entire lives working for money yet they never spend even a few hours their whole life learning how money works.

And those are the seven reasons why most people will never get rich.

Shitanshu Kapadia
Shitanshu Kapadia
Hi, I am Shitanshu founder of moneyexcel.com. I am engaged in blogging & Digital Marketing for 10 years. The purpose of this blog is to share my experience, knowledge and help people in managing money. Please note that the views expressed on this Blog are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment , tax, financial advice or legal opinion. Please consult a qualified financial planner and do your own due diligence before making any investment decision.