Common Wealth Building Myths

Common Wealth Building Myths



There are some common myths that hold work at​ home businesses and​ investors from achieving success. These myths can has a​ powerful psychological impact on small business owners, stopping them from building wealth, and​ preventing them from reaching their full potential.

Money breeds Money

This may have been true pre discovery period, but it​ is​ not true in​ the​ Internet age. the​ myth that you need to​ be born into money, or​ attend an​ Ivy League school, or​ you’ll never know how to​ make real money is​ a​ difficult roadblock to​ overcome.

Millionaires are made every day. Most start with nothing, and​ use a​ program that failed for​ thousands of​ other business owners. Bill Gates, Ophra, and​ Martha Stewart all started from humble origins.

Money is​ Made on the​ Backs of​ the​ Poor

If you are afraid of​ going for​ the​ brass ring because you fear ruining someone else’s life, then relax. Your playbook can be moral, ethical, and​ built on old fashion values, and​ it​ will lead you to​ untold wealth. the​ easiest way to​ become rich is​ to​ create value in​ other people's lives.

This myth is​ high-grade, premium quality nonsense. There is​ enough money for​ everyone. Many ‘work at​ home’ programs prove this. the​ company may sell 10 000 programs. Just because only 100 people succeeded doesn’t mean that the​ program was a​ rip off. Those who do not succeed don't believe they can.

Remember that success starts in​ the​ mind. You need to​ believe that you can succeed before you will succeed.

You Must Sacrifice Family to​ Build Wealth

The baby boomers believed this and​ introduced one of​ the​ highest divorce rates in​ recorded history. However, their children have learned the​ value of​ balance, and​ the​ truth behind wealth. the​ rich and​ famous do not work as​ hard as​ the​ factory workers who run the​ companies that built their wealth.

This generation has coined a​ new phrase, ‘work hard, or​ work smart.’

There's a​ difference between working hard and​ working smart. Successful people learn to​ work smart. They learn emulate successful people and​ use them as​ models so they can avoid mistakes other people make.

You can save a​ lot of​ time, money, effort as​ well as​ some major headaches by finding a​ mentor, or​ hiring a​ life/success coach.

Getting your business started and​ running require work but you can chose to​ have a​ successful business and​ a​ family.

Rich People Cannot Live Normal Lives

Most of​ today’s millionaires live in​ suburban towns and​ lead normal lives. the​ dream of​ living the​ rich and​ famous life has lost its luster. More people are learning that the​ fantasy of​ wealth was more attractive than the​ reality.

However, you can live the​ good life without giving up a​ normal life. There is​ no reason why you cannot take a​ vacation with your family at​ a​ local camp ground on the​ weekend, and​ then attend a​ conference in​ a​ $2 000 outfit and​ $800 shoes through the​ week.

Don’t let the​ fear of​ being rich stop you from reaching your dreams.

Life is​ sweet. it​ will be what you decide to​ make it​ as​ long as​ you remember that no one can define who you are – unless you give them the​ power to.




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