If You REALLY Want To Make Money, Stop Doing These 7 Things

Everyone wants to make money, but not everyone wants to do the work in order to get it.

Nobody can do the absolute minimum and then get upset when they don't achieve what they desire. Having unrealistic expectations about financial wealth can make one's life unnecessarily difficult.

Financially successful people don’t build their wealth by accident. They think and act differently from others. Doing so ensures that they are always winning at life. If you REALLY want to start making money, you need to stop doing 7 things.

Are you ready to learn what they are?

Watch the video below, where I talk about the money beliefs that are holding you back financially:

(Click here to watch on YouTube)

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Everyone wants to learn easy ways to make money.

I encourage you to stop trying to learn how to make money online fast. I think that this is the wrong mindset to adopt. Unfortunately, the get rich quick dream is far from realistic. It almost never happens, and if it does, it is short-lived.

Achieving financial success is not a walk in the park. If you want to make money the right way, it will require that you work hard for it. In the words of Harv Eker,“Success is a learnable skill… If you want to be rich, you can learn how to do it.”

It comes down to the relationship that you have with money. If you think of it as the enemy, you will always struggle to obtain it. It will end up running your life. In reality, money is just a tool. When you realize this, you can start making money work for you instead of against you.

How do you do this? It starts with deconstructing your money beliefs. I believe that the #1 thing that will determine your financial success in life is your mindset towards money. By nature, people are programmed to avoid things that cause fear. If you were told that money is a bad thing, you will see it as such.

In her book, Business In Blue Jeans: How To Have A Successful Business On Your Own Terms, In Your Own Style, Susan Baroncini-Moe coined the term “brain junk” to refer to any mental clutter or emotional baggage that holds you back or keeps you from achieving your goals.

Money “brain junk” is all about the way you feel about financial matters.

There is a lot of attention given to the factors that promote success, but what about the things that you need to stop doing in order to be successful? These factors matter equally as much, if not more. Making money puts you in the driver's seat of your life. However, it's important that you understand how to build wealth the right way. This starts by identifying your daily habits.

Let's talk about 7 things that you need to stop doing if you REALLY want to learn how to make money in life.

1. Stop Overspending

Before you can make money, you need to learn how to manage your money. The best way to do this is by budgeting. A lot of people cringe when they think of budgeting because it is associated with sacrifice. However, if you live paycheque to paycheque, you are never going to be able to get ahead financially in life.

Nobody wants to live with a massive amount of debt. It all comes down to learning how to be smart with the money that you currently have. Budgeting is a way of making your money work for you instead of against you. This is the best tool that you have in order to build long-term wealth.

In his book, Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth, T. Harv Eker teaches a very effective money management method, called the JARS System. This method states that 55% of your income should be put towards your necessities, 10% towards your financial freedom, 10% towards long-term savings, 10% towards your education, and 10% towards fun.

This system has helped myself and many others create financial abundance. Money management is a skill that every successful person has mastered. In the words of Charles Jaffe, “It's not your salary that makes you rich, it's your spending habits.” Ask yourself… is it time to cut back on your spending?

2. Stop Thinking Short-Term

A lot of people are driven by the desire to make money fast. Short-term gratification is pleasurable but it's not sustainable. The secret to building long-term financial success is to think long-term.

After studying a lot of financially successful people, Dr. Edward Banfield found that the most important factor is a particular way of thinking. In particular, those who are successful tend to have a longer “time perspective.”

In my experience, successful people are extremely goal-oriented. They actively think and plan for their future and are always considering what the long-term consequences of their actions are. Doing so ensures that they are always getting consistent results.

For example, instead of living for the moment and spending all of their money at once, they save and invest a portion of the money that they have into financial assets, like stocks or bonds. Are you investing your money?

The long-term is where it's at! I encourage you to remove yourself from the “get rich quick” hole that so many people get trapped in. There is no rush. Slow down and enjoy the process of success. I promise that you will get there soon enough if you are patient and do the work.

3. Stop Living In Scarcity

If you are in debt, it's possible that you have adopted a scarcity mindset in relation to money. The money scarcity mindset shows up as a feeling of lack, fear of spending or losing your money. This attitude towards money is largely unconscious and is driven by limiting beliefs around money.

Have you ever experienced a voice inside of your head that tells you, “I don’t deserve wealth” or “I’ll never achieve financial freedom”?

This voice isn't yours in the first place. Usually, these limiting beliefs develop during childhood and are passed onto you from somebody else. If you are living from a place of scarcity, you may have experienced a situation where one or both of your parents spoke about money in a certain way. As a result, it may have caused you to operate from the same limiting perspective as them.

In the words of Stephen Covey, “Most people are deeply scripted in what I call the Scarcity Mentality. They see life as having only so much, as though there was only one pie out there. And if someone were to get a big piece of the pie, it would mean less for everybody else.”

If you want to attract wealth into your life, I encourage you to adopt an abundance mindset. There is enough money for everyone. If you just believe that you can achieve financial success, you are halfway to creating the life of your dreams.

4. Stop Saying “I Know Everything”

Did you know that your thoughts create your reality? Be careful how you speak because your vocabulary becomes a part of your success mindset. Regardless of your education or experience, it’s impossible to know everything. The people that think they do are usually the ones who make the most mistakes in life.

As you start to gain success, you have to be very careful that you don’t develop an ego. I believe that this can be one of the greatest barriers to self-development. When you think you've got it all figured out, you close yourself off to learning. Everything goes downhill from here.

Successful people adopt an attitude of curiosity. They know that there is no such thing as a dumb question. They are open-minded, which allows them to grow and develop, both personally and professionally. I have devoted my life to being a life-long learner.

If you want to make more money, you need to commit to improving yourself. I have invested hundreds of thousands of dollars in my education and I will continue to do so even though I don't need to. When you commit to learning, you become a person of value. The more value you create for others, the more financially abundant your life will become. I am living proof that this is true.

5. Stop Resisting Change

Because we are creatures of habit, change isn't something we go out of our way to attract. However, if you don't embrace change and adapt, you will get left behind. As Charles Kettering once said, “The world hates change, yet it is the only thing that has brought progress.”

Successful people accept this fact and actively put themselves in situations that stretch their comfort zone. As a result, they are always creating new possibilities for themselves. Stepping outside your comfort zone is all about taking a leap of faith and diving in, head first, all while knowing that failure may be a possibility.

For example, if you decide to start your own business you are letting go of everything that is deemed “secure” for the unknown. If you want to remain competitive in an ever-changing business world and achieve entrepreneurial success, you've got to take risks. You will never know your true potential in life if you don't.

The biggest obstacle to change is you. If you struggle with change, it's time to get out of your own way and stop resisting it.

6. Stop Being Held Back By Failure

From an early age, we are taught that failure is a bad thing. As a result, we do whatever it takes to prevent it from happening. Here's the thing… you cannot hide from failure. It's a part of life. If you aren't failing then you aren't trying.

The road to success is never straight. Every successful person has failed. How you handle failures and setbacks will determine your level of success in life. When you fail, you are given an opportunity to learn valuable information about what didn't work so that you don't make the same mistake twice.

I'm not saying that failure is fun. However, it is necessary if you want to become the best at anything life. This is why the most successful people will tell you that their greatest failures have transformed into their greatest triumphs.

We don't win by playing it safe. Don't allow life's failures to knock you down. Instead, use them as leverage to propel you forward.

7. Stop Ignoring Your Health

In today's 24/7 busy world, hard work is the norm. If you aren't rushing from one place to the next and being overly busy, people assume that there's something wrong with you.

To be your best and achieve success, you are expected to overwork yourself. As a result, people are working harder and longer than ever before and are at a risk for burnout. However, working hard doesn’t mean that you have to ignore your health and well-being.

It's all about finding your own version of work-life balance. In order to effectively master life's stressors, it is imperative that you take care of yourself, whether that's in the form of yoga, exercising, reading, or meditation. Find what works best for you.

I prevent myself from ever falling into burnout because I have been practicing a morning ritual every day since I was 17 years old. When you take time every morning to honor yourself and spend time doing things that bring joy to your life, you feel more grounded and in control of your life.

Your health is your wealth. If you are proactive and make health a top priority on a consistent basis, it will ensure that you have more energy to devote to being hard-working and successful.