5 Reasons Why Most Don’t Become Wealthy & How to Overcome Them [INFOGRAPHIC]
Even 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!
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About Brian Tracy — Brian 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+, Twitter, Facebook, Pinterest, Linkedin and Youtube.