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4 Reasons Why You’ll Never Be a Millionaire…and How You Can Change That

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1. You don’t understand how money works.
Money is not a complicated topic, but still, few seem to really understand how it works. Do you? Sure, you can blame the school system or your parents, but the responsibility is still on you to figure out how money is made, how it is held, how it is invested and how it is preserved.
Millionaires understand that money is not something that is discovered, won, or created by chance.
As I stated in my previous column, 5 Powerful Books That Changed the Direction of My Life, wealth is not an accident, but an action. Building wealth is the world’s largest game, and if you want to win, you need to learn the rules. So start studying.
Immediate action step: Start by reading several great money books, such as:
  • Rich Dad, Poor Dad by Robert Kiyosaki
  • The Total Money Makeover by Dave Ramsey
  • The Richest Man in Babylon by George Clason
But don’t just read, internalize the knowledge. Debate it. Share the knowledge and talk about it with your spouse, grandma and mail carrier. Personal finance can be learned, and by mastering it, you might discover that wealth is much easier to build than you previously thought.
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