It is not necessary that people with decent earning having a Financially literate. And The financially literate person also is not able to create a good asset column. The five reasons are 1.  Fear 2.  Cynicism 3.  Laziness 4.  Bad habits 5.  Arrogance

  • Overcome fear

Everyone has a fear of losing money. It is not a problem but the problem is how we handle it and react to it. Whether a person is rich or poor, he does not like to lose money. Sometime and somewhere, the rich person also has lost money.  “Everyone wants to go to heaven, but no one wants to die.” when we met a loss then we need to learn from it so that we grow stronger and smarter. We need to learn how to convert losses into profits. We have surrounded by failure. We can fall while walking but we cannot stop walking due to the fear of falling. If we fall then we learn lessons from it and walk again carefully. But we never decide to not to walk. If we want to win then we must have to accept the failure also. We do not only get winning. We must have to be focused on getting success but with accepting failure also.

  • Overcoming Cynicism

Noise coming from inside us or from outside through friends, media, family, etc. Which disturb us and impact on our decision making and emotional ability.

There are many opportunities available to make money but our doubts and cynicism stop us from doing it. It led us to play safer and that brings us back to the area where we only remain with the poor or middle class as an option.

Loser involves into the criticism and winners involves into the analytical part. The analysis opens our mind and we can also come to know our mistakes if we have made. Also, we can come to know how to improve our correct decision in a better way.

If people directly choose not to lose money without making any analysis then it will start creating an unavoidable problem. And actually, it will become impossible to get money.

We fear failure but many of the successful people become successful after failing for many of the times.


  • Overcoming laziness

We always staying busy into many of the stuff and avoid an important part of our life. It can be running behind wealth, health, leisure, etc. So that for remains little less lazy, we need to be greedy.

Rich dad believed that the words “I can’t afford it” shut down your brain. After that brain doesn’t have to think anymore. “How can I afford it?” opened up the brain and forced it to think and search for answers.

I can’t afford it close down all the possible doors, and creates a depression. But reversely, how can I afford to open many possible doors, help us to bring a possibility to afford it. This creates a stronger mind.

When our mind stops us, we need to ask to our mind that what’s for me into this? The mind automatically starts working, greed for our betterment kills our laziness. So, greed is good but excess of everything is a poison and we should keep it to the limit.

  • Overcoming Bad Habits

Our habits make or break us rather our education. If we have a good education but having a bad habit then good education is of no use.

Majority of us first pay due bills and then pay to ourselves if anything left. This is not a habit of rich people. We need to pay ourselves first then to anyone else.

When we pay ourselves first then we have pressure to pay to our creditors. This pressure motivates us to work hard and generate extra income to pay them.

If we have a good money habit to pay ourselves first then we can grow stronger mentally, financially. This is a habit which helps us to grow more.

  • Overcoming Arrogance

Many times, the majority of people does not know about the money. But they do not tell the truth. Rather we should accept that we do not know it and start finding an expert or a book for educating ourselves.

Disclosure – Companies mentioned in the article are just for an example & educational purpose. It is not a buy/sell/ hold recommendation. 

Read for more detail: Rich Dad Poor Dad: What the Rich Teach their Kids About Money that the Poor and Middle Class Do Not!