Why People Fail to Become Rich? Here are 3 foremost reasons - The Santa Clarita Valley ProclaimerWhy People Fail to Become Rich? Here are 3 foremost reasons - The Santa Clarita Valley Proclaimer
Middle-class work throughout their entire lifetime and still cannot earn equal to millionaire
Another sad reality is that some people in the middle class keep working throughout their lives and still end up not having enough money
Sometimes there are instances where even well-to-do families lose their financial stability due to taking excessive loans to buy materialistic things
Whenever they earn money in the future, a significant portion of it goes into repaying their loans
Some people take the acronym “YOLO” way too seriously. The acronym YOLO stands for “You only live once”
They have the mentality of enjoying as much in the present and worry about the future later
They don’t invest any of the money they earn because they believe in the traditional method of saving in their bank account
They don’t have funds for emergency purposes or any insurance. They rely everything on their single bank account