Everyone wants more money and success. But not everyone understands what it takes to create more wealth and success in their lives.
It’s as much of a mental game as it is a physical sport. Success comes with having the right thoughts and habits, coupled with taking the right actions.
Here are 12 ways most people sabotage themselves…
12 Attitudes That Repel Money And Success
1. Not Choosing Success
Success is a choice. It takes a conscious decision to be successful. Nobody creates an extraordinary life, and achieves greatness by accident.
Successful companies don’t emerge without lots of thinking and planning first. Self-made Millionaires don’t just wake up one day with a 7-figure net worth, without first creating it in their mind. Successful people are very clear about what they want and why they want it. The decision to become successful is made way before there is any evidence of it.
If you want to be successful, you have to decide that you will be, before you do anything else.
2. Playing Not To Lose, Instead Of Playing To Win
Average people play not to lose, while the great ones are playing to win.
Average people are driven by safety, security and comfort, while the great ones want wealth and abundance.
You don’t invest money to preserve your capital, although it’s important but that’s not the main goal. The goal is to make it grow. You don’t start a business just to “get by”. The goal is to build an enterprise and make as many sales and as much money as you can.
Can you imagine a team in the championship finals playing not to lose? They are there for one reason and one reason only – TO WIN.
Jack Canfield calls this attitude a psychological pattern, which comes from having a habit of not finishing what you start. When you’re “in it to win it”, you’ll do whatever it takes to get the job done and walk away with the prize.
3. Not Taking Responsibility
This is a tough one to swallow for most people. Being able to take responsibility for your losses as well as your wins. Even if it’s not your fault.
Average people blame others for their lack of success. And justify it with excuses. They blame the economy, their parents, the government, their financial advisor, their lack of “luck” and anything or anyone they can, as long as they don’t have to take responsibility for their lack of success.
And why shouldn’t they? After all it’s not their fault the stock market crashed, they didn’t get a raise, the economy came to a screeching halt and sales dropped, their broker was dishonest, etc… The problem with this thinking is it creates a victim mentality.
Do you want to be a victim?
Let me tell you quick (true) story about my first 2 real estate investments.
In 2005, having some extra money and seeing how the real estate market was making other people money I decided to get in the game. I got into 2 real estate deals through two different people who I knew for a long time, and trusted their judgment.
Without getting into all the nitty-gritty details, both of these deals not only went south, but created all kinds of issues for me.
One ended up as a lawsuit with FBI involvement due to mortgage and real estate fraud. The other, although not immediately, completely tanked due to the market collapse in 2008, and the builder going bankrupt leaving all the investors hanging with near worthless empty lots, that had high mortgages on them.
In the end I ended up losing TENS of Thousands of Dollars, plus paying lawyers which did absolutely nothing for me.
Now, I could have blamed everybody (and I did for awhile). After all, in both of these cases it really was not my fault. Fraud. Massive economic collapse. Builder going bankrupt. City shutting down permits and not allowing to build anymore. And so on…
BUT… what good will all this blaming and complaining do for me? The answer is NONE. And the reality was, that I should have done more due diligence. Yes, I went with people who I knew and trusted their opinions and judgments. But who’s fault is that? Their or mine?
It was my decision to invest and I knew (being in the financial services industry) that there are always risks with ANY kind of an investment.
It was my decision to get into it in 2005 when the market was already overheated.
It was my decision to invest in something I really knew little about, and not get REAL expert help.
Truth be told, it was a gamble. And I lost. And I have to take full responsibility for it. And it took me about 3 years to come terms with that. However, when I did, it was a really good feeling. Because I didn’t feel like a victim anymore. It was a lesson I needed to learn and move on.
When you take responsibility for your actions and your life, you are in full control of your life. Not easy to do, but it’s crucial.
4. Not Understanding Where Opportunities Are
Most people follow the crowd, instead of looking for opportunities. And they’re always disguised as problems.
Successful businesses are built on creating solutions to the problems that exist in the marketplace. If you want to make a lot of money, look for problems and create solutions others would be willing to pay you for.
5. Afraid To Fail
Fear of failure is major stumbling block for many. But successful entrepreneurs are not afraid to make many mistakes and go through failure to achieve what they want. Failure is part of the process and needs to be embraced instead of avoided.
Of course I don’t want to fail, and I’m not thinking about failure when launching a new project. But I understand that it’s inevitable and it’s just part of the process. The quicker I go through it, the quicker I’ll figure out what doesn’t work, so that I can get to what’s working fast.
6. Focusing On The Wrong Things
You only have so much time and energy every day. It’s not unlimited. And if you focus your time and energy on the wrong things, you’ll never really get ahead.
Average people focus on how they can save money, cutting coupons, looking for deals… while the great ones focus on how to make money instead.
Where are you focusing your time?
7. Not Being Results Driven
The biggest difference between working for others and working for yourself is the attitude about activity.
When you work for others, you get paid for the time you put it. When you run a business you get paid for results. It’s easy to get caught up in doing “busy work”. But that won’t pay the bills.
Championships are won by how many shots you make, and not how many shots you take. The focus needs to be on the effort, but the goal is getting the results. Nothing else matters.
8. Not Learning How To Sell
Average people who start a business think that somehow customers will line up and buy their stuff. This is a sure-fire recipe for disaster. Unless you have an established brand that is known by millions, nobody is going to come looking for you. You need to learn how to market and sell your product. And nobody else is going to do that for you.
9. Not Hanging Around The Right People
You become like the people you spend most of your time with. And chances are, most people in your life aren’t as supportive of your ambition to become wealthy, because they’re not as driven as you are. Finding other people who can inspire you will help keep that fire burning inside and help you achieve greatness.
For the last few years, every single month, I get together with a friend of mine who is a business owner and a marketing consultant. We spend a few hours talking about our business, the projects we’re working on, wins, losses, challenges, etc… Together we brainstorm solutions for each other and keep each other accountable on the goals we set.
The ideas, the motivation and the energy that I get from these monthly meetings are priceless. Every single time we meet, we both walk away with a great idea (often more than one) that moves our businesses forward.
Find a mastermind group or a meet up in your area, where you can connect with other like-minded people. Nobody succeeds on their own.
10. Not Being Money Driven
This is another biggie. There are too many people that talk about “not being money driven” or “not wanting to sound materialistic.” Nonsense. The purpose of a business is to make money. If you want to be financially independent, you have to WANT to make a lot of money. And there’s absolutely nothing wrong with that.
Now, I’m not saying that you only have to be driven by money. But it has to be one of the main drivers for you.
People who say that money is not important to them, usually don’t have any. And they just use it as an excuse for their lack of financial success. Trust me on this. I’ve seen my fair share of these people in my 10+ years in financial services.
These are the same people who stress over money. Fight over it with their kids and spouses. Get depressed over bills. Can’t afford to do the things they want. But of course… money is just not important to them.
In business, money is a scoreboard. Can you imagine Michael Jordan saying – “it’s not important for me to win the championship, I just enjoy shooting hoops.” Crazy isn’t it.
And if I still haven’t convinced you that money is good consider this…
When you make a lot of money, that means…
– You will pay more taxes.
– You’ll either employ people, have contractors or outsourcers you’ll pay.
– You’ll be spending more money on services and products, which will help these businesses pay their employees and create new jobs.
Bottom line… you making more money will pump more money into the economy and create more jobs and money for others.
11. Not Looking For The Cutting Edge
Nothing stays still.
“You’re either green and growing
or ripe and rotting”
– Ray Kroc
In business competition is stiff. Mark Cuban says… “If I’m not reading a new book and learning something new, some kid is and he’s going to kick my ass.” If a Billionaire understands the importance of reading, learning and studying, what does that say? Maybe that’s why he is where he is.
The most successful entrepreneurs are always looking to get better. They’re always looking for ways to improve and be on the cutting edge.
They can always do more and get better at creating new customers, keeping old customers happy, making their products better, creating new products, finding new ways to increase their market share, and so on…
Successful people are always on the lookout for ways to become more valuable to the market. Because the more valuable you become, the more money you can command.
If you don’t look for ways to do that, they’re not going to come looking for you.
12. Don’t Take Action
Average people wait for things to happen. Successful people make things happen.
They don’t wait for the right circumstances. They don’t wait until everything is perfect. They know what they want and take massive action to get it. And do it over and over and over until the job is done.
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