5 Obstacles to Financial Success

5 obstacles to financial success silvica rosca

On Periscope, I’m currently reviewing the book Rich Dad, Poor Dad by Robert Kiyosaki. My followers had specifically requested this book and I was more than happy to oblige. After all, it was this book that convinced me to start taking massive action now to become an entrepreneur.

So many people want to achieve financial success. Many talk about it. Many talk about people who have achieved it. But few actually achieve it. Why? Kiyosaki points to 5 obstacles.

  1. Fear — The fear of failure stops most people in their tracks. Instead of fearing failure, look at it as a an opportunity to learn. Successful people use failure as an inspiration for success. Fear is a natural reaction — how you respond and manage it, though, makes all the difference.

  2. Cynicism — Any idea you have will be criticized. You will have the voice within and the voices from without tell you every reason why this idea will fail. You’ll hear “the sky is falling”. Most people allow this to cloud their reason and will choose to forgo action. They’ll choose not to act.

  3. Laziness — Most people get caught up in the busyness of life and use it as an excuse to not act. Before you’re tempted to say that you don’t have time to learn a new industry and/or launch a new business, take inventory of how you spend your time.

  4. Bad Habits — The #1 bad habit that most Americans have is not saving money. It is no wonder that people are hesitant to launch their own businesses if they don’t have money saved to cover for their basic living expenses. Look at your finances. Start managing them. Set up those good habits. The habits you have in your personal finances will carry over to your business.

  5. Arrogance — Don’t assume you know it all. As Tai Lopez puts it, his rich friends are always open to learning, while his poor friends assume they know it all. Go out, find mentors, ask questions, learn from others!

Whatever your definition of success may be, know there will be obstacles along the path. Now that you’re aware of those obstacles, you are better equipped to avoid them or mitigate their impact.

Wishing you all much success!

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