10 Reasons You Are Not Rich Yet

As a financial advisor, I have spent many years helping other people overcome financial stumbling blocks so they can become rich. Ironically, the one person I have had the most trouble helping is myself.

Being โ€œrichโ€ can mean different things to different people, but I believe it means having the financial freedom to achieve your goals and live the life you want. I am great at giving advice; I am not always so great at taking my own advice (know anyone like that?). So, when it came to helping my clients understand why they werenโ€™t rich yet, the easy part was explaining the culprits, because I was all too familiar with most of them.ย  Read More…

This article has 10 Comments

  1. Odalis

    Yea so heres the thing. THe reason why am not rich or for that matter people who aren't rich is because of

    A) Procrastination
    B) Not enough luck
    and C) Weren't born with certain prvileges

  2. Joshuah

    I'm rich so i guess i am not part of the equation? ๐Ÿ™

  3. Jasmin Jefferyes

    It all depensds on how disiplined one is in making investments and sticking with them.

    Most people end up needing to buy the next shiny trinket that is advertised to them in the news. That is why they aren't rich.

  4. Koda

    With so many free credit cards now these days compared to the past when you had to go for a true credit check and be much older (beyond college) because the banks weren't as federally secured as they are now this gave many folks the ability to spend on debt like it was no tomorrow.

  5. Kareem Ashton

    ๐Ÿ™ I wish i was rich? ๐Ÿ™

  6. Khari

    Starting late is the likely culprit for most Canadians. People don't like to save until they get older and by then its probably too late to eventually wind up with a healthy nest egg.

  7. Van Reddick

    Rich is relative don't you think? We in this country are doing much better than the average person in the East. So stop complaining and enjoy life :greed:

  8. Coleman

    I watched the pretty good documentary Maxed Out i found here on Canadian Profiteer and it pretty much sums up why we arent rich. Great work!

  9. Jerrad R.

    I live the section about 'one-trick investor'. That is like me totally. LOL! I am now 50 and learned the value of mixed investing way too late. I also figured if you invested in something safe for the long term you could end up rich.

    Word to the wise: You have to be active in your investments!

    Life experience.

  10. Cade

    Couldn't one just move to a poor country like somewhere in Europe and be declared King because your monetary value is much more than the average denizen? Who wouldn't want to be treated like a king ๐Ÿ˜€

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