17 Reasons Why You Are Not Yet A Millionaire And What You Can Do About It

Drawing from my own experience and the experience of many others who have achieved some level of financial success, I present to you 17 reasons why you are not yet a millionaire and what you can do about it. You might not agree with every point but don’t let that stop you from being open-minded […]

Written By Godson

On August 20, 2020
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Drawing from my own experience and the experience of many others who have achieved some level of financial success, I present to you 17 reasons why you are not yet a millionaire and what you can do about it.

You might not agree with every point but don’t let that stop you from being open-minded to a least consider them…

#1 YOU ARE INCONSISTENT

An inconsistent person is always chasing shiny opportunities. They lack the tenacity to pursue one thing to a conclusion. 

Usually, they are diagnosed with Near success syndrome (Being very close to success when everything falls apart)

The truth is that the race to success is laden with obstacles especially very close to the finish line.

If you discover that you have a habit of not finishing things break that habit now.

Finish books.

Conversations.

Projects.

And anything else worth your while.

#2 YOU BELIEVE EVERY RICH PERSON GOT RICH BY DOING SOMETHING EVIL OR GETTING AN EXTRA PUSH OR LUCK 

This is a strange mental block. If you believe this you may never succeed.

Here is how to diagnose this…

When the names of 100 rich and affluent men & women in society are mentioned these people can associate their successes with a “special” unique advantage like parental or family support, or by engaging in illicit activities like a fraud.

Once they do, they give up on the process claiming they have no one or such advantage.

While we don’t deny the fact that several rich people had support… the obvious truth is that no one can succeed without support.

Everyone on earth has an advantage.

Finding that advantage and focusing on it is what makes you Lucky.

This is what opens the door for people to notice you and then support you.

#3 YOU HATE RICH PEOPLE

This one is usually a manifestation of pride and one thing we already know about pride is its inability to see itself.

So be careful when you check yourself here.

The way this one works is…

You see something wrong or awful about every rich person you know in person or from a distance.

You think you know better and should rather be in their position, while they languish in yours.

You secretly wonder why they are “just lucky”

The truth is that if someone has something that you don’t…

They know something you don’t. 

This attitude stops you from observing them closely enough to know what they know to get the results they have.

Observing could be through books, teachings, one on one mentoring, etc.

Humble yourself, the secrets to greatness are found with the great. 

Stop hating, start learning.

#4 YOU ARE NOT CONSTANTLY INVESTING IN YOURSELF

Your know it all mentality won’t take you far.

You are too lazy to read books, articles and watch training won’t take you far

Your stingy attitude to not buy and consume materials would set you back.

If you would be rich and stay rich, you must commit to continuously learning & investing in your self-development.

Here’s one of the ways I do it…

I ask myself what are the areas of my life where I need to improve now?

After listing about 3 to 5 key areas, I go ahead to ask a defining question.

Which of these 5 areas would make the most significant impact in my life immediately? 

Once I get that answered, I make moves to search for the best resources in that area and study. 

Which could be books, courses, articles, etc.

#5 YOU DON’T SET GOALS

There’s a statistics that claims that people who set written goals are more likely to succeed than those who don’t

Even if you don’t agree with it, here are some interesting facts about your goals and why you should consider writing yours down.

  • Goals help build consistency which is the first thing lacking if you are not yet rich.
  • Goals are objectives that can be measured and are time-bound.
  • Most people don’t write goals because they fear that they will fail at it. The truth is that goals don’t fail, the time of fulfillment might increase.
  • If you truly want to succeed consider writing out your financial goal, why you must achieve it, and the steps you must take to hit it.

Start from the daily todo list and grow to the point where you can set weekly, monthly, yearly, and 5 year goals.

#6 YOU SPEND TOO MUCH TIME PLAYING

Time is the most important or expensive asset everyone has.

Money can be multiplied. Properties can be replaced but static is time and once lost can never be recovered.

Except you’re a scientist or spiritist who has been experimenting on time travel, you will agree with my statement above.

Time is your most valuable asset and you must be conscious of how you spend it.

Setting Goals is one way to help you accurately spend your time doing something meaningful.

If you are talking 2 hours on the phone, chat 12 hours on WhatsApp, Facebook, Instagram, and Twitter, watch 4 hours of Netflix, you might be wasting your time.

Even if you argue that you are doing business on social… I do business on the socials may be more than you do.

Those that must be great know how to limit time wasters and time stealers (including movies, games, outings, social media, chatting, calling, Demotivation, etc.)

Spend your time doing something that impacts your life in more tangible ways.

 #7 YOU DON’T SPEND TIME TO THINK DEEP

 One of the greatest blessings you will have is your thinking time. 

 Most people spend time on surface thoughts. 

 You must train your mind to think about things in depth.

That way you would easily recognize OPPORTUNITIES even when they are disguised as problems. 

 One way to do this is to develop your mind.

 Note this… Your mind thinks within the boundary of its exposure.

 Exposure is formed from…

  • Experiences you’ve had
  • Places you have gone.
  • Stories you have heard/read.

 I remember reading the histories of many great Internet companies as a preteen.

I studied the histories of great countries, people, and businesses. 

Those experiences expanded my mental exposure and helped me recognize trends, patterns quickly before my peers.

 So give yourself to study the great.

 #8 YOU DON’T ACT FAST

 Speed is one of the primary factors in life.

 You have a dream. Start working on it immediately. 

 It doesn’t have to be perfect today, it doesn’t have to work 100% today.

 WhatsApp the giant messaging app was a complete flop the first time. I recall it had multiple crashes and was very unstable.

 But was later sold for a record deal of $19 Billion in 2014.

 Don’t feel your project is inferior because you have not used the best materials or technology.

 Start, and commit to Improve along the way.

#9 YOU ARE LOOKING FOR HELP OUTSIDE YOURSELF

 I agree that humans are not self-sufficient or sustaining but running around, chasing big men who you feel should help you would not lead you very far.

 You are solely responsible for yourself and your success. 

 Stop blaming those who have succeeded.

 They are not responsible for you.

 Instead, focus on improving yourself, your worth, and what you can offer.

#10 YOU ONLY FAST/SOW FOR PROSPERITY

Not to cause a religious riot but nobody has successfully fasted and sown to become rich not even your pastor (He has likely sharpened his preaching skills, prophetic or healing gift too)

Don’t get me wrong.

I fast.

I sow.

I give to the poor.

I even tithe.

The difference between me and some other guys that do these things is our reasons.

I do them either to obey or to show my love for God or as an act of faith but not as the silver bullet to riches.

I agree that these acts affect the circumstance of your life as you pursue greatness but if that’s all you brought to the market you’ll be …

Damn Broke in the end.

Wishing you took my advice. 

#11 YOU DON’T TRY NEW THINGS

 One nature of man which isn’t bad on its own is trying things that have worked in the past.

 We eat foods we are familiar with.

Play the same sport.

Watch the same kind of movies.

Read the same kind of novels.

Trying something new is a big challenge but an important one if you want to make a mark.

Doing this gives you more exposure and helps you think more deeply than you did before you got that experience. 

Always remember it doesn’t hurt to try.

#12 YOU HAVE NO INTEGRITY

Shit. I’m not talking about when one semi mad fella shouted and said… “You have no integrity!”

While I advise you to avoid such situations, that is not what I am referring to.

Let your mind be at peace.

Integrity is doing what you said you’d do in the most transparent way possible. 

It is a very important asset to greatness.

Integrity pays for trust in full.

If you don’t have integrity people won’t trust you and when that happens business can become an extremely difficult sport.

You can’t and shouldn’t please everyone, just make sure you are a person of your words.

#13 YOU ARE A WASTER

Want proof?

You don’t save. 

Look, there are 3 kinds of people, Those that…

 1. Spend more than their income

 2. Spend all their income

 3. Spend less than their income

The first 2 are sentenced to a life of misery and/or frustration… by the court of their expenditure. 

Please note that an expensive life is not determined by what you spend on but by what you have.

If you don’t discipline yourself to save, how will you ever have enough to invest when opportunities come knocking? 

Make it a principle to always save starting today.

#14 YOU LOOK OUT FOR QUICK CASH

The problem with this is not what most people think. 

Nooooo… it’s not that you will lose your money (of course you will)

But the real problem is what it does to your mind.

It is like a laziness injection… to your brain.

Your thinking faculties shot down, your hard work morale turns negative.

Make it a point of discipline never to invest in overnight schemes. 

Work hard on legitimate ideas.

#15 YOU DON’T WATCH YOUR MOTIVATION

As fuel is to an automobile so is motivation to the soul of the mogul.

And yes, I just formed that crappy quote. 

Taking it a step further…

When mogul lacks motivation, he becomes Mugu. Lol 😆.

On a serious note, pay attention to what times you work best, how you work, why you are not sleeping well, why your backaches, what causes the headaches, etc.

Pay attention to your body. 

That way you will become more productive and achieve more in less time.

#16 YOU ARE TRYING TO PLEASE EVERYONE

Only a fool tries to please everyone. 

People would hate you.

Curse you.

Reject you.

Then just remember that it is completely normal. 

Don’t change your systems or process (except they are bad) because of minority hate.

You can’t sell to everyone, and everyone is not your customer.

There is nothing wrong with you, some clients are just bad.

Your focus should be on your best customers and making their experience even better.

#17 INVESTING IN MULTIPLE STREAMS TOO QUICK

Dangerous.

That’s my one word for investing in multiple streams quickly. 

Multiple streams are not a way to become rich, rather it is a system for securing your wealth. 

To become rich, you need to focus and grow financially in one area until it becomes very strong. Then you can diversify.

CONCLUSION 

Oh My! Thank you for sticking till the end, I hope you found these points useful and I wish you the best on your journey. 

Comment below and let me know which points you hope to implement.

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About Godson Okorodudu

Godson is a serial entrepreneur. He is the Founder & CEO of Miduman.com.

A stellar alumnus of YCombinator SUS, San-Francisco California.

He is a genius marketer and business strategy consultant, public speaker and is fully vested in helping businesses around the world through the educational programs he promotes.

 

 

2 Comments

    • Godson

      Thanks for saying that

      Reply

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