5 Reasons Why Most Don’t Become Wealthy & How to Overcome Them [INFOGRAPHIC]

Written By | Financial Success | September 5th, 2012 | 11 Comments »

financially independent- financial stability- social securityEven though we live in the most affluent country in the world, where most people earn and spend a fortune in the course of their working lifetimes, why is it that the majority ends up dependent on social security, pensions and relatives when they retire?

If a person earning $25,000 dollars per years would just save $2500 dollars per year, ten percent of his income, and invest it carefully to earn a return of ten percent compounded over the course of his working lifetime, the years from age 21 to age 65 (44 years), it would grow to $1,794,762 dollars through the miracle of compound interest.

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So the question I began to ask was “why is it that people don’t become wealthy?”. In a country like ours, with the opportunities that we have, why is it that so few people retire financially independent? And I eventually found the answers. The infographic below exhibits what I consider to be the five reasons why people don’t become wealthy. Enjoy!
Click here to download and view the full image
5Reasons_Infographic-financially independent -social security - financial stability

Topics included in this article include

Financially Independent

Financial Stability

Social Security

About Brian Tracy – Brian Tracy is recognized as the top sales training and personal success authority in the world today. He has authored more than 60 books and has produced more than 500 audio and video learning programs on sales, management, business success and personal development, including worldwide bestseller The Psychology of Achievement. Brian’s goal is to help you achieve your personal and business goals faster and easier than you ever imagined. You can follow him on google+, facebook, and twitter.

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11 Comments

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  1. Review The Secrets To Herb Growing says on September 6, 2013 at 1:11 am:

    You’re so cool! I don’t believe I have read through something like this before. So wonderful to discover another person with unique thoughts on this subject. Seriously.. thank you for starting this up. This site is something that’s needed on the internet, someone with a little originality!

  2. Secrets To Herb Growing says on September 6, 2013 at 1:04 am:

    It’s difficult to find knowledgeable people about this topic, but you sound like you know what you’re talking about! Thanks

  3. Fat Loss Diets says on August 25, 2013 at 9:24 am:

    |An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!

  4. Weight Loss Diet says on August 6, 2013 at 9:20 am:

    Good post. I am going through some of these issues as well..

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  6. Painting Services By Steve says on February 21, 2013 at 12:54 am:

    Very good and very interesting. I don’t think anybody making $25,000 can put $2,500 away each year or even if you doubled it, because in today’s world you can’t live on that even if you didn’t put away 10%, but someone making $100,000 could do it with $10,000, but if they’re making that kind of money while young, they’ll be wealthy anyway. You’re kinda damned if you don’t and remain damned and collect social security unless you’re taught early how to think differently and live like a miser until you turn 65…

  7. Adrian A. Gentry says on February 14, 2013 at 10:15 am:

    Profound!!! It is amazing how simple shifts in mind set can change a person life. These are basic principles!! Many times we were not taught the basics or believe success is to complicated.

  8. John Elrick says on September 6, 2012 at 9:50 am:

    I posted this to the Facebook forum in error:

    Brian, “…invest it carefully to earn a return of ten percent compounded…”. Could you please point me to where one can earn 10% compounded in the current economic conditions? I’m lucky to earn 6% on carefully invested preferred stocks.

  9. Matt Greener says on September 5, 2012 at 8:56 pm:

    Beyond it never occurring to people, it is thought to be luck and/or basically impossible. Like you said, simple realization of the fact that it is possible can change a person’s life!


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