5 Deadly Mistakes

5 Deadly Mistakes that keep people from creating massive financial
success in their lives 1. Instant Gratification I have seen so many
people that keep on chasing after shiny objects. For example - the
stock market, bitcoins, what is new, and what is popular. When
people jump into ventures like these with the Instant Gratification
mindset, sometimes they win and sometimes they don't. We live in a
fast-paced society and you can compare it to drive-thrus. People
buy food from drive-thru restaurants to get it instantly, but the
majority of the food that is available in drive-thrus is not
healthy. For the healthy ones, you need to take time and wait for
them to be prepared. You cannot rush success. In order to create
wealth, you need to shift your mentality towards Delayed
Gratification instead. What that means is that you take time to
find the right vehicle that you will invest your money in while
looking at the long term benefits, and not the short term returns.
There's nothing wrong with short term results, but when it comes to
my own retirement money and financial freedom, I want to make sure
that it is safe and secure, and it will get me a steady return on
my investments. In order to achieve that, we need to be willing to
have Delayed Gratification. It is like building a farm with money
trees. You cannot expect it to grow overnight. You have to
consistently invest and let it grow to have something you can enjoy
for the rest of your life. 2. Procrastination I have seen 2 types
of people - the action takers and the procrastinators. The action
takers, whenever we start with the plan, they say "Angeline, I'm
ready to go, let's do it!". They have a plan and they tend to
become successful. The procrastinators, they have no financial
plan, no form of investments, and they say "I don't think I'm ready
yet." If you procrastinate investing, saving money, and the
commitment to build financial future - your financial freedom will
be procrastinated too. If you are the type of person who desires
financial success, don't wait until you have everything in place
and just start. Take action right now. If you don't know how to
begin yet, find a coach. It doesn't have to be me - there are lots
of other coaches who can help you. Stop procrastinating and start
doing. 3. Looking at Investments as Expenses Society has programmed
our minds as consumers. Most people would look at investments and
think of it as expenses. When you look at commercials, you will
never find one that encourages you to save and invest your money.
All of them will encourage you to spend and become a consumer, and
that's why majority of people have the consumer mentality. Learn to
differentiate expenses from investments. It is an expense when you
spend money and do not get anything in return - like a shirt, for
example. When you buy a shirt, you do not get anything in return.
An investment is money that you set aside to multiply and get
something in return. Keep this in mind - when you invest your money
every single month, that's for your future. 4. Lack of Holistic
Financial Blueprint I talk to people and ask them what they want in
life and they say, "Angeline, I want to become financially free."
Then I ask, how much money will make them consider themselves
financially free, and majority of these people do not know the
answer. The mistake comes from focusing on just one thing - stocks,
real estate, etc. Building financial success is like building a
house. You can't just have a roof, a wall, or the kitchen without
the complete blueprint. You will not just break the ground. When
you build your wealth, you are building your mansion. You will
start from the beginning - you will go to an architect and build
your blueprints. You will plan and make changes to make sure that
you will not go over your budget. The same thing applies when you
are building financial success. It's nice to say you want financial
independence,