7 Major Reasons People Struggle Financially

1.Not Having Mentor or Coach Who Holds You Accountable

To reach any significant level of success, every individual and business owner should have a wealth coach or business coach to help them limit risk and rapidly improve their financial situation or build their million-rupee business with integrated turnkey solutions.

2.Self Doubt

Financial independence is not a rational decision. If it were a rational decision, more people would take decisive action to do the things that would make them financially free. Financial freedom is about overcoming your emotions-especially fear. Most people do not truly believe they have the power to change the condition of their lives starting from where they are. Despite what one may think, you are never too broke, your credit is never too poor, and it is never too late to begin improving your finances or to build a million-rupee business. A coach can help you think bigger and change your beliefs about what is possible by teaching you the things you don't know that you don't know.

3.Limited Networks

Those with limited networks are always the last know and the last to be helped. At least 80% of your success will be the result of soft skills-your ability to network, form mentoring relationships, strategic partnerships, and political alliances. Without question, your network is a direct reflection of your net worth; build one and the other will grow. Remember, any situation of lack can be solved through a partnership.

4.Using the Wrong Vehicle for Building Wealth

Most people struggle financially because they attempt to build wealth with a linear approach-using one investment strategy, one portfolio, and one stream of income (a job). And for most people, a job is a 50,000 solution to a million-rupee problem. If you have a million-rupee problem, you of course have to use a million-rupee solution. To build significant wealth in a way that brings you greater freedom with each rupee made, you have to learn to manage multiple investment strategies, multiples portfolios, and multiple streams of income through home based business. You also have to leverage the three major wealth building vehicles, the stock market,real estate, and entrepreneurship.

5.Limited Knowledge

The average person spends tens-of-thousands of rupees and twelve-to-twenty years in school learning how to be an employee or at best self-employed. They struggle because they have never invested one-tenth of the time or money that they have spent in school also learning sound strategies for investing, financial management, and entrepreneurship. It is this lack of knowledge that creates a paralyzing fear and lack of confidence in one's own ability & work from home.

6.Using the Wrong Tools

Imagine your life if you didn't know airplanes, cars, computers, telephones or email existed. How much time and money would you waste using inefficient tools and methods? How many opportunities would you miss? This is the reality for tens-of-millions of Americans using outdated models, tools, and strategies for financial success from work at home.

7.Not Doing the Most Important Thing Every Day that Will Change the Condition of Your Life or Business

Most people are not doing the most important thing every day that will change the condition of their life. They do the small things to feel as though they have accomplished something, but not the highest impact activity. If you want to build a million-rupee business, that means going after million-rupee clients, not 5 and 50 clients. If you are going after 5 and 50 clients, you have to do it at a scale that can get you to a million rupees. The CEOs of Fortune 500 companies have shareholders and a board of directors to hold them accountable for achieving higher profits in the most efficient manner. If chief executives fail to perform, they will be promptly removed from leadership. The average individual or small business owner has no external driver to push him or her to generate more income or to use the most efficient processes, methods and tools. It is this lack accountability that causes most individuals and entrepreneurs to procrastinate, make poor financial decisions, and to take on unnecessary risk.