Chapter 22
The Ten Biggest Wealth Success Mistakes
IN THIS CHAPTER
Avoiding obstacles on the road to wealth
Learning from your mistakes so that you don't repeat them
The truth is, we all make mistakes in when it comes to creating wealth. This chapter presents ten mistakes that are commonly made by many people. Making a few of these mistakes is not catastrophic to your wealth. But if you don’t learn from the errors and you repeat these errors, you'll find it difficult to stay on the road to wealth. As you review the sections in this chapter, I want you to ask yourself, “Have I made this mistake? Is this an ongoing problem or challenge? How can I overcome this issue so that it's never a roadblock to my success again?”
Most of these errors are rooted in lack of strategy, lack of action, or lack of consistent action. In essence, what's lacking is the development of key success habits that are repeated over time!
Starting Too Late … or Not Early Enough
When you start late, you are up against it. When you say you will begin “someday,” it’s likely someday will never come. The time to act is now. While I did not start extremely early, I did start before most. I opened my first retirement savings account at 28. It was a humble beginning, meaning I put in very little, but I put something ...
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