Reasons Why Financially Literate People May Not Succeed
Reason No. 1 – Overcoming the fear of losing money
o The pain of losing money is far greater than the joy of being rich.
o For winners, losing inspires them. For losers, losing defeats them.
o If you want to be rich, you must focus. Put a lot of your eggs in a few
baskets. The middle class put their few eggs in many baskets.
Reason No. 2 – Overcoming cynicism
o The world is full of “Chicken Littles” yelling the sky is falling.
o Cynics criticize, and winners analyze
o It takes courage to overcome your critics
Reason No. 3 – Overcoming Laziness
o Busy people are often the most lazy. They stay busy to avoid something
they do not want to face
o Beat laziness by having a little greed. Ask yourself, “What would life be
like if I never had to work again?”
Reason No. 4 – Overcoming Bad Habits
o Our lives are a reflection of our habits more than our education.
o The pressure of failure makes we work harder to succeed.
Reason No. 5 – Overcoming Arrogance
o Arrogance is ego plus ignorance
o When you are ignorant in a subject, start educating yourself by finding an
expert in the field or a book on the subject.