According to Robert Kiyosaki "author of rich dad poor dad"
There are five main reasons why financially literate people may still not develop abundant asset columns that could produce a large cash flow.
Conquering them is not easy, but it is necessary to achieve true wealth.
Let’s explore each one.
#1: Fear
This is by far the most prevalent reason most people are not wealthy. If you weren’t afraid of anything, what would you do right now that could make you rich? Quit your job? Start your own company? Invest your savings in assets?
It’s ok to feel afraid, but don’t let it overwhelm you to the point that you don’t take action.
#2: Cynicism
Cynicism is a distrust that prevents you from having the confidence to move forward.If you are financially literate and have done your homework, you have to trust in your ability. You can’t let others talk you out of what you know is right, and you can’t talk yourself out of trusting in your knowledge.
#3: Laziness
Laziness by staying busy is the most common form of laziness.So take a long, honest look at your life.
Is your excuse for not investing the fact that you’re too busy? What does that mean? What are you really busy with? And how is that holding you back from financial freedom?
#4: Bad Habits
A lot of people don’t have the discipline to break their bad habits. And worse, many people don’t even realize that their habits are bad in the first place.So, examine the habits in your life.
Some of them might be so ingrained in your routine you don’t notice them. But how are they holding you back?
#5: Arrogance
Rich Dad often said, “Every time I have been arrogant, I have lost money. Because when I’m arrogant, I truly believe that what I don’t know is not important.”If you can’t be honest and humble with yourself, you don’t have a chance of achieving financial freedom.
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