Why is it that most people don’t  become financially free?”

Today with the opportunities that we have, why is it that so few people retire financially independent? 

Due to the following reasons, people don’t become financially free.

1 People don’t define their enough

The first reason that people don’t become financially free is that unless they define their enough, they will never be financially free. People have lots of money but they still think of making money because they have not defined their enough.

If people don’t work out of a need for money but for joy only, then they are financially free. Billionaires don’t work for money but for joy only.

When work is a pleasure, life is a joy! When work is a duty, life is slavery.— Maxim Gorky

2 They never think of wealth

The second reason is that they never think of it even in their dreams.

The average person grows up in a family where he never sees wealth or knows anyone who is financially free.  In his school and society, he socializes with people who are not financially free. He works with people who are like him, not financially free. He has role models who are wealthy but he does not think himself like them. He is conditioned up to an age of twelve like this and his beliefs totally become stunted. When he becomes a fully mature adult in our society, it never even occurs to him that it’s just as possible for him to become financially free as for anyone else.

On the contrary, we see that people who grow up in homes where their parents are financially free are much more likely to become wealthy as adults than people who grew up in homes where their parents are not.

So the most important reason why people don’t become financially free is they never think about it that it is possible for them.  And of course, if they don’t think to become financially free then they never take any of the steps necessary to make it a reality.

3 Make A Decision

The third reason that people don’t become financially free is that they never make a decision to become one

Even when a person reads a book, attends a lecture, or associates with people who are financially free, nothing changes until he makes a decision to do something different. Even if it occurs to a person that he could become wealthy if he just did certain things in a specific way, his family and peers don’t let him do the things he wants to do for becoming wealthy. Therefore he finds him indecisive to take the first step, he ends up staying as he is.

If you continue to do what you’ve always done, you’ll continue to get what you’ve always got.

The primary reason for underachievement and failure is that the majority of people don’t decide to be successful and financially free. They never make a firm, unequivocal commitment or definite decision that they are going to become financially free.  They  wish and hope and pray that they will make a lot of money, if providence helped them or if fate favored them but they never decide clearly, “I am going to do it!” This decision alone is an essential first step to becoming financially free.

4 They procrastinate

The fourth reason that people don’t become wealthy is procrastination.

People always have a good reason rather an excuse not to begin something that they know they need to do to achieve their financial freedom.  It is always the wrong time for them.   The market isn’t right for them. They may have to take a risk or give up their security but they never and keep on saying, “Maybe next year, ” “someday.”

There always is a reason to procrastinate. As a result, they keep putting it off, month after month, year after year, until it’s too late.  Even if it has occurred to a person that they can become financially free, and they have made a decision to change, procrastination kills all their plans and their future becomes indefinite. After becoming too late for this they start giving an excuse of mid-life crisis.

5 Freedom is not free

The fifth reason that people remain poor because they can’t practice a habit of saving, and pay now enjoy later theory.

Most people live from paycheck to paycheck and they have habits of spending more than they earn. They avail all credit available to them from banks and credit cards. The majority of people have an irresistible temptation to spend every single penny they make and whatever else they can borrow or buy on credit.  If you don’t save for tomorrow, cannot delay gratification and spend all you make you can never become financially free. If you cannot practice saving, budgeting as a lifelong habit, it will be impossible for you to achieve financial independence.

As W. Clement Stone said, “If you cannot save money, the seeds of greatness are not in you.”

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