Wealth and success don’t just happen by chance or a random event—they are usually the byproducts of behaviors, habits, and mindsets. Although some people may start ahead, anyone can create a life of wealth and success with the right discipline and attitude. Nonetheless, certain habits will repeatedly cause a person to stay stuck in the mediocracy cycle and inhibit them from ever living into their full potential.
Below are a few examples of habits that individuals who are never going to be rich or successful tend to possess.
1. Procrastination and Inaction
one of the largest habits of people who never attain success is procrastination. Many people have arbitrarily big dreams or aspirations but in reality don’t take someone on the process to create action. They put things off, make excuses, and leave everything to “later.” The reality is that success is not just going to come to you unless you go and do something about it. Rich and successful people are action-oriented and simply make something happen! The are aware that consistent effort over a long period is what creates superlative results.
2. Spending More than
They Make People who do not accumulate wealth tend to have poor money management skills. They rapidly spend what they make, whether a little or a lot, and often pay for their desires over their basic needs. They use their turn of income to spend frivolously on wants and what satisfies them at the moment, as opposed to saving and investing. They lack financial discipline and an understanding of budgeting, which is essentially a form of discipline. Successful people generally engage and practice saving, investing, and spending less than they are able to. They know that wealth occurs from long-term practices of discipline, not short-term pleasures.
3. Pessimism and Victim Mentality
A big hurdle to being successful is the victim mentality, believing you or other outside forces (luck! other people!) are the reason for your failure. This type of thinking keeps individuals from taking ownership of their own lives and choices; they blame their situation, parents, or the economy for their lack of success. People who never have success do not look at problems as just problems, they look at them as insurmountable obstacles. Whereas wealthy and successful people see setbacks as learning opportunities in order to build their next step.
4. Absence of Goal Setting
It’s very easy to feel lost and stand still without goals. Many people do not succeed simply because they do not set goals that are specific and measurable. They often have some general idea of what they want: financial independence, a good job, happiness, etc. But they do not specify clear, actionable steps that would create a course of action. People who will never have money or be successful allow life to happen to them, instead of taking action. Successful people set concrete objectives and take action steps to accomplish those objectives. Successful people monitor their plan and adjust as needed.
5. Associating with the Wrong People
The individuals that you surround yourself with can either elevate your mood and interests, or diminish them. Individuals that are less likely to succeed often are in the company of negative and unsupportive individuals that catalyze and reinforce their restrictive beliefs. They might spend time in the company of individuals that do not have any goals or are negative toward others. On the other hand, successful individuals deliberately surround themselves with positive, hardworking and ambition-minded individuals. Successful individuals understand the power of being in a positive network as opposed to a negative one, and the importance of being around individuals that help push them towards development and success.
6. The Fear of Failing
Failure in some form is inevitable when you are working toward something larger. However, many people without any hope of being successful allow fear of failing to guide their actions, or in most cases, their inaction. They will and do everything they can to avoid taking chances; they are afraid of making mistakes, and are afraid of trying anything that has the possibility of failure. This attitude will keep them locked in a comfortable bubble of safety never to test their boundaries and conditions, let alone reach their full potential. Wealthy and successful people understand that failing is part of the process—failure happens, and they embrace failure, learn from failing, and forge ahead with new resolve.
7. Lack of Concern for Self-Improvement
People who will never be successful are generally not going to take the time to improve. They do not read books, take seminars, or seek mentors who can help improve them personally or professionally. They may become complacent in their knowledge, skills, and behaviors, thinking they know enough. Meanwhile, the successful person is constantly focused on self-improvement. They read, learn, and add to their skills. They are curious and look for new perspectives, information, and ways to enhance their lives. They see that self-improvement is a lifelong process.
8. Not Willing to Learn from Others
One of the very common characteristics of unsuccessful people is their refusal to heed advice or learn from others. Often it might be pride, ego, or an overall disinterest, but they are often under the impression that they can do everything on their own. They refrain from looking for mentorship. They turn down opportunities to hear from people who have done what they want to do. On the other hand, successful people know they can’t do everything on their own. They look for mentorship, listen to feedback, and learn from those who have already experienced it and been there.
9. Unfavorable Health Habits
There is a close relationship between health and success. The individuals who will never be successful are the same individuals who ignore their physical and mental health, which negatively impacts their energy, their focus, and their productivity. They live sedentary lifestyles, eat poorly, and overlook the importance of sleep and exercise. They are too busy to prioritize their health and well-being, which leads to burnout or chronic fatigue. Alternatively, the successful person knows that in order to be successful, they must have a healthy body and mind. They make time for exercise and eat a healthy diet, and they sleep enough every night in order to be successful, both personally and professionally.
10. Referring to Refusal
To Change All humans experience a more changing environment, and those who are not willing to change often find themselves left behind. People who will never be successful resist change and cling to outdated styles of thinking or outdated ways of getting things done. These people often have rigid thinking styles and do not accept innovative ideas and solutions or offer any opportunities to improve or evolve with their environment. In comparison, successful people are highly adaptive people who embrace their changing environment and are even willing to improve their approach or thinking style whether it is in business, personal relationships, or for personal growth.
Conclusion
For many, achieving success and financial freedom may feel like a long shot. In fact, the habits and actions that can lead to success and wealth can be found in the actions of many. The challenge is for everyone to move beyond those limited actions and to build upon actions that promote growth, discipline, and resiliency. In a manner of speaking, but at a much deeper level, it often comes down to belief. The answer is to find a better mindset, become better at doing things, and continue to become a better version of yourself, regardless of where you currently find yourself. If you make the shift, you are on your way to changing the trajectory of your life in a new direction of success and wealth. It all starts with your daily decision making and habits.
