Are You a Millionaire? 10 Reasons You May Not Be and What to do About It

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Posted by Lorimer Wilson

 

The reason you are not a millionaire (or even on your way to becoming one) is really quite simple. You probably assume it’s because you aren’t earning enough money but the truth is that, for most people, it does not matter how much money you make but, rather, the way you treat money in your daily life. Let me explain.

Let’s take a look at 10 possible reasons why you are not a millionaire – yet:

1. You Ignore Your Finances
You take the attitude that if you make enough, the finances will take care of themselves. If you currently have debt, it will somehow resolve itself in the future. Unfortunately, it takes planning to become wealthy. It doesn’t magically happen to the vast majority of people.

2. You’re Financially Afraid
You are so scared of risk that you keep all your money in a savings account that is actually losing money when inflation is put into the equation, yet you refuse to move it to a place where higher rates of return are possible because you’re afraid that you will lose money.

(To read the remaining 8 possible reasons please read the article here on our associated site.)

 

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