What Major Mistakes Prevent You from Making More Money? A Top 10 List Everyone Should Read

Updated: Apr 12, 2020


Building wealth is different than making money. Making money, well, that's what we do when we don't have a plan. Making money is about survival. But wealth builds wealth in ways we'll explain with this article.


The-inspired.com’s short list of major mistakes we make that prevent us from building wealth is here. While they take focus, surprisingly most of the items listed below won’t take up that much of your time.

So what do I know about wealth? Well, it’s all part of my story…

Just over 10 years ago I was sleeping on a friends air mattress with no job, no prospects and no real game plan for the future. Eventually my friends generosity ran out and I moved into a basement apartment in Vancouver, Canada with some roommates. We were all poor.

Really poor, most of us just making above minimum wage at part time jobs found. When we moved in, we didn’t own any forks, or knives or plates. We didn’t have a couch, or beds, or even chairs and a table to eat at. My first meal at that basement apartment consisted of boiled hotdogs which we pulled out of the pot with our bare fingers, which I definitely don’t recommend. We ate that first meal of boiled hotdogs sitting on phone books, on the floor. It was a stressful time in my life. Not having any money. And not knowing what I needed to do to build my wealth.

And now, just over 10 years later I’m happily married, drive a fun luxury sports car that I paid for with cash. I have a highly successful career earning me a 6-figure salary. I am worth well over 7-figures. My wife and I own two homes in one of the worlds most expensive real estate markets, that is Vancouver, Canada. And over those 10 years, I’ve travelled to over 30 countries in the world. Lastly, and one of the things I’m most proud of now, I was lucky enough to be able to take time off from ‘work’ and my business career to focus on other projects I’ve always been passionate about.But I don’t think luck had too much to do with it.

Life is pretty good. But I’m not saying this to show off. I’m saying because if I can do it, almost anyone else can. The good news is, there was no magic bullet for me and my success.

So HOW did I do it?

No I didn’t get here by stepping on people along the way, or having parents that bailed me out. I did not win the lottery.What I did was focus on my personal strengths and what I was great at. Day in and day out. I worked hard, day and night. I sacrificed my evenings and weekends when I had to. I asked for advice on what to do. I listened. I learned. And I took risks. I took some big ones.

I began a journey of becoming the best version of myself I could be. And while I don’t think I’m there just yet, I know I’m on my way.There’s still a lot left to do, and many new adventures ahead. And that is what makes life fun, exciting and fulfilling today.So without further delay, here are the tips I’ve learned over that time, in short format.

The-inspired.com’s Top 10 Fails Preventing You From Building Your Wealth:

1. Not entering into the real estate market in your 20’s or 30’s. Find a way.

2. Not Advancing your education for a new job.

3. Not learning about Affiliate Marketing i.e selling other peoples products.

4. Not asking friends or family for career advice.

5. Not executing on the advice and tips you get from your mentors.

6. Not putting in the hard work it takes each day to advance yourself.

7. Not attempting to change careers. Or move to a new company.

8. Not educating yourself on how other people make money.

9. Surrounding yourself with people that are failing in their lives.

10. Being afraid to fail. Take risks. You won’t succeed at them all and that’s ok.

BONUS RULE x1: Leaving home to get your life started. Are you still at home living with your parents and in your 20s, or 30's or even 40s? You may be thinking that if you stay at home with your parents, you'll save more money, and you'll be better off in the future. You'll have more money for a down payment. This is all wrong. I hate to break it to you, but unless you are REALLY disciplined with a very specific game plan, you might still be living paycheque to paycheque like most people, even though you still live at home. Living at home causes a dependency mentality to take over. The path to least resistance will slow down your progress, and prevent you from growing up faster. Moving out into the world, will teach you the hard way, as it taught me, about how critical it is to FIND A WAY to make more money. This won't happen if you have the safety net of your parents. Not by a long shot.

BONUS RULES x2: Marry an incredible person. My wife has been my best friend, guide and partner just after I began to skyrocket in my career and life. I know she's played a massive part in my personal success. The right partner will help you move forward in life. The right person is your foundation to living the life of your dreams. The wrong person will stop your growth, and take you down with them.

Well that's it. I hope this help someone out there. If you have additional tips be sure to share your comments!

For more inspiring ideas, daily motivation, life advice, unique perspectives and thought provoking ideas be sure to join us at The-Inspired.com

And checkout our new Community Forum where you can post ideas, ask questions or give your own recommendations:

The-Inspired.com | Inspired Forum

Goran Yerkovich

The-Inspired.com


#Wealth #Money

Hi! Welcome to my site. My name is Goran Yerkovich and my articles have been featured on Fatherly, MSN, Yahoo, and Flipboard, reaching 1.8 million readers in over 100 countries. This website is packed full of self-improvement strategies and career advice that will transform your life. Subscribe Today and Receive my Free 40-Page eBook!

 THE-INSPIRED.COM

Are you ready to evaluate your life and take inventory of where you are today? Get our free 40 page Self-Evaluation Guide now to help you reach your goals.   

With readers in over 100 countries, join the over 10,000 who enjoy The-Inspired.com's content free each week on platforms like Quora, Linkedin, Facebook, Medium and here at The-Inspired.com! 

WHAT IS THE INSPIRED? WHO IS IT DESIGNED FOR? 

In the fall of 2017 I founded The-Inspired.com as my way of contributing back to the world.  Never before has so much powerful, educational, informative life changing knowledge been available to us online. The Inspired is a BEST oF compilation of those sources, with a specific goal in mind...

 

Our Mission: To move you forward in your journey.   What we do each day matters.  From new or seasoned professionals in the business world, retirees in their 50's to golden years, and for stay at home moms or dads, the inspired is designed for you.  Moving forward in your journey means living a better life.  It means improving your career, reducing your stress or anxiety. It means finding fulfillment in each day, and purpose in life, at any age.  

 

Tools, Tactics & Inspired Daily Rituals:  Every journey should start with practical, and easy to follow advice.  In the articles we post regularly, I'll share with you some of the best I've learned that has helped me master my life. I'm talking about some of the most under used, under rated, and misunderstood tools, tactics, and habits in life that have worked for me and millions of people around the world.  Tools and tactics to help you understand your strengths, passions and goals, and get you working towards improving your life today. And most importantly, by subscribing to the-inspired we're saying yes, we want to spend some part of each day doing not just what we love but what we were placed on this earth to do. 

Category Pages: Checkout our many categories on content that matters most to you. Inspired foundations starts with healthy habits and ways to live each day.  Inspired flow gets into doing more of what you love.  Career advice includes my free advice and personal tactics that has allowed me to thrive in the business world.  And checkout my inspired interviews collection with some of the most inspired and hard working minds who have dedicated their lives to doing what they love.  People, perhaps like you, who have taken their dreams and made them into their new realities. 

 

I hope you enjoy your personal experience here at The-Inspired, and the growth that comes with it.

Contact Us 

I'd love to hear from you and learn what brought you to The-Inspired. If you have an idea for a story, or if you'd like to share your journey, or you'd like to tell me about the articles you've loved, and how they have helped you in your journey, you can reach me at: info@the-inspired.com  

Choose Your Category!

©2017 THE-INSPIRED 

Privacy: We will never share your information with anyone. Subscribers and community forum members will receive The-inspired posts and important website updates only.

  • Instagram
  • TikTok
  • LinkedIn
  • Facebook Social Icon