The 3 Biggest Road Blocks To Wealth Creation

## Overcoming the Roadblocks to Wealth Creation: A Guide to Financial Success In today's world, creating wealth is more accessible than ever, yet it often feels like an insurmountable task. The key to unlocking your financial potential lies in addressing the fundamental roadblocks that stand between you and your wealth goals. ### The Unwillingness to Delay Gratification One of the most significant barriers to wealth creation is the inability or unwillingness to delay gratification. This means putting off short-term desires to achieve long-term benefits. The story of Jacob and Esau from the Bible illustrates this point vividly. Jacob, who was willing to delay his gratification, ended up with the birthright, while Esau, who prioritized immediate pleasure, lost out on a valuable long-term gain. #### How to Overcome It: - **Practice Self-Discipline**: Learn to say no to immediate pleasures that hinder your long-term goals. For example, instead of spending money on luxuries, invest it in assets that appreciate over time. - **Set Long-Term Goals**: Define clear financial objectives and remind yourself of them often to stay motivated. - **Use the 50/30/20 Rule**: Allocate 50% of your income towards necessities, 30% towards discretionary spending, and 20% towards saving and investing. ### The Inability to See Opportunities Another major roadblock is the inability to recognize opportunities due to being blinded by the obstacles surrounding them. This mindset turns potential opportunities into perceived threats, causing you to miss out on valuable chances for growth. #### How to Overcome It: - **Develop a Growth Mindset**: View challenges as opportunities for growth and learning. Educate yourself on financial topics and stay curious about new investment options and market trends[2][5]. - **Diversify Your Investments**: Spread your investments across different asset classes to mitigate risks and capitalize on various opportunities. - **Seek Mentorship**: Surround yourself with financially savvy individuals who can provide guidance and support. ### The Unwillingness to Negotiate The inability or unwillingness to negotiate terms that align with your desires can also hinder your financial progress. This often stems from being too emotionally invested in getting a quick "yes" rather than a beneficial agreement. #### How to Overcome It: - **Separate Emotions from Decisions**: Ensure your emotions do not dictate your financial decisions. Instead, let your mind guide your emotions based on the truth and facts. - **Develop Negotiation Skills**: Practice negotiating in various aspects of your life, whether it's in business or personal transactions. Be willing to give and receive, and understand the value of what you are offering and seeking. - **Set Clear Boundaries**: Establish what you are and are not willing to accept in any negotiation. This clarity will help you make better, more informed decisions. ## Additional Strategies for Wealth Creation ### Financial Literacy Understanding basic financial concepts such as budgeting, investing, and debt management is crucial. Invest time in learning about personal finance to make informed decisions[5]. ### Debt Management Develop a strategy to manage and reduce debt. Prioritize high-interest debt, consider consolidating loans, and negotiate with creditors to lower interest rates[5]. ### Market Volatility Maintain a long-term perspective when investing. Use strategies like diversification, dollar-cost averaging, and periodic portfolio rebalancing to navigate market fluctuations[5]. ### Lifestyle Inflation Avoid the trap of lifestyle inflation by prioritizing saving and investing over unnecessary expenditures. Discipline and commitment are key to accelerating your wealth-building journey[5]. ## Conclusion Creating wealth is not about being lucky or having a special talent; it's about overcoming the common roadblocks that stand in your way. By developing the ability to delay gratification, seeing opportunities beyond obstacles, and negotiating effectively, you can set yourself on a path to financial success. ### Actionable Tips - **Educate Yourself**: Continuously learn about financial topics and investment options. - **Set Clear Goals**: Define your financial objectives and track your progress. - **Diversify Investments**: Spread your investments to manage risk and capitalize on opportunities. - **Negotiate Effectively**: Separate emotions from decisions and be clear about what you are willing to accept. - **Manage Debt**: Develop a strategy to reduce and manage debt. - **Avoid Lifestyle Inflation**: Prioritize saving and investing over unnecessary spending. By implementing these strategies, you can navigate the challenges of wealth creation and achieve your financial goals. --- #wealthcreation #financialliteracy #delayedgratification #investmentstrategies #debmanagement #lifestyleinflation #negotiationskills #financialsuccess #longtermgoals #financialindependence Script: there's never been a time in human, history where it's easier to create, wealth than it is right now but it, doesn't feel like it and because it, doesn't feel like it people think it's, hard but it's not really that it's hard, it's just that it's hard for you and in, this video I'm going to show you why it, feels so hard to you I want to talk, about the three biggest roadblocks that, keep people from creating wealth and, when I'm talking about wealth I'm, talking about it could be Millions it, could be tens of millions it could be, hundreds of millions it could be, billions or Beyond the three biggest, roadblocks number one is the, unwillingness or inability to De to, delay, gratification what does delay, gratification mean delay gratification, means to put off something that you feel, like doing in the short term so that you, can put on doing something you'd rather, do in the long term and our inability to, delay gratification hinders our wealth, creation maybe more than any other thing, we're unwilling we're willing to work, for it but we're unwilling to wait for, what we're working for and I believe, that that that hinders people on levels, that they can't imagine because they, they the the when you have the ability, to delay gratification you say no when, you'd rather say yes and you say yes, when you'd rather say no and by the way, that's not only the secret to wealth, creation that's the secret to almost all, human accomplishment the willingness to, delay gratification, if you look at the story of Jacob and, Esau from a Biblical perspective instead, of from the perspective that you've, heard it your whole life Jacob stole, Esau's Birthright because that's not, what happened according to the scripture, go read it in your Bible Jacob never, stole Esau's, Birthright um the scripture says that, Esau sold his Birthright to Jacob and, when Jacob said he came to Jacob said he, said feed me I pray thee with that same, red pottage and Esau said I am at the, point to die what good shall this birth, do to me what prophet shall this, Birthright do to me he said sell me this, day thy Birthright and he sold unto, Jacob his Birthright the difference, between those two individuals is that, Jacob was willing to delay his, gratification Esau was not and we see, that even in the description of the boys, when they were growing up because the, scripture says about Jacob it says he, was a plain man dwelling in tents well, the word plain in the story in that, story in Genesis is only translated, plain in that verse in other places, where it's translated in scripture and, it's translated into the word perfect or, upright where the scripture says Mark, the upright man same word that was used, as plain for Jacob when it says job was, a perfect man that's the exact same word, that God used to describe Jacob in the, story of Jacob and Esau but a lot of, people don't know that because they, don't do word studies so they don't know, that Jacob and when it says he was, dwelling in tents that's a picture of, him realizing that he's a Sojourner and, a pilgrim on the earth and so but Esau, was the scripture says he was a hunter a, man of the, field huh that's interesting because, when you look at Hunter the only other, person the Bible called a hunter was who, Nimrod right who built who put himself, before the Lord and he's the one who was, the king of Babel right and so he was a, hunter and then it says he was a man of, the field well we know that the field is, always used as a type of the, world so Jacob was a man who was a a, pilgrim he was a righteous man Esau was, a wild daring thrill seeking man of the, world and we see this again over in the, book of Hebrews chapter over in the book, of Hebrews I think it's chapter 13 where, in verse six is six and seven it says, lest there be any profane person as Esau, who for one morsel of meat sold his, Birthright right any and lest there be, any fornicator or profane person as Esau, that's what the scripture calls him a, fornicator and a profane person as Esau, who for one morsel of meat sold his, Birthright who would afterwards would, have repented so he could have received, the blessing but he did there but he, found no place of repentance oh okay so, Esau was a person who sacrificed the, long term on the altar of the short term, but but Jacob who had some short-term, food right there he said I'll give up, this short-term food for the Eternal, birth right and so what we have to be, willing to do if we're going to create, wealth we have to be willing to say no, to some purchases that we'd rather say, yes to we have to say be willing to say, no to some luxuries that we'd rather say, yes to we have to be willing to say no, to some fun times and some vacations, that we'd rather say yes to so that we, can instead of taking that money and, immediately turning it into some stuff, that becomes worth less overtime we take, that money and invest it in something, that becomes worth more over time and, the ability to delay gratification is, one of the master keys to wealth when I, see people who are perpetually, struggling struggling financially one of, the things I see is somebody who does, not have the ability to delay, gratification so that's one roadblock if, you can't delay gratification you'll, never be broke because you'll spend it, as soon as you get you what Jim Ron, calls you'll spend every dime out of, every, dollar okay number, two you do not have the ability to see, opportunities with your, mind you see them with your eyes but, your mind doesn't see them as, opportunities your mind sees, opportunities as obstacles and so, because your mind sees opportunities as, obstacles when an opportunity presents, itself you always say no because it, looks like an obstacle isn't that, fascinating that that is very similar to, very much akin to the unwillingness to, delay gratification my unwillingness to, go go through a little bit of pain right, now to get to a great opportunity on the, other side of this little bit of pain, right now it's why people don't work out, it's why people don't eat right it's why, people don't invest it's why people, don't build businesses it's why people, don't develop skills why, because saying yes right now the feeling, of yes right now feels so good that I am, unwilling to say no and I can't see an, opportunity because all I see is the, obstacles that are around the, opportunity maybe the reason God or, ordained that obstacles surround every, opportunity is so only the people who, were worthy would take advantage of them, think about it we've all heard the, saying before if it were easy everybody, would do it but it's not easy so almost, nobody does and I'm not just talking, about creating wealth I'm talking about, creating wealth I'm talking about having, a great marriage I'm talking about I'm, talking about raising responsible, children who turn into responsible, adults I'm talking about being in good, shape I'm talking about like all of the, good stuff in life is on the other, side of an obstacle because disruption, always follows, intention I don't I'm can I keep it real, with y'all I don't like working, out but I like it better than laying up, in the hospital with tubes hanging out, of me I don't like it I do not like, working I don't like working out my wife, loves exercise I don't hate it but I get, as close to hating it as you can get, without crossing over the line I don't, like it but I make myself move because I, know if I don't I am going to become, worse and worse and worse and worse over, time I'm if I am not intentionally, elevating I am going to unintentionally, deteriorate and so my if I if I go, through life with an unwilling with an, unwilling to say no and here's what's, really here's what's really, interesting if you have the ability to, delay gratification people who don't, have the ability to or the willingness, to delay gratification they will come to, you and they will desire for you to fix, the problem they created because of, their lack of willingness or ability to, delay gratification they see you as a, short-term fix to their long-term, problem and you think become and, sometimes you love them and so you think, you're helping them but you're actually, hindering them from becoming a mature, adult see um interestingly enough um, back in the uh days when they created, the uh government indoctrination camps, the um the child prisons the school, system whatever you want to call it back, when they invented this concept and, these these people these business Moguls, donated so much money uh Rockefeller and, Carnegie donated all this money to, schools and colleges and, universities was because they needed to, manufacture things for their products, that they were going to create they they, needed to manufacture as Bishop talked, about on our recent video they need to, manufacture employees for their, factories but they also needed to, manufacture consumers of their, goods and they, realized that there are two categories, of people by by the way the whole, concept of a teenager is a concept, that's relatively new in world history, an adolescent That's A New, Concept before they created the concept, of adolescence and teenager and like, the you get to be this irresponsible, person for about 15 years before they, created that, concept, right you would go to school through, about the eth grade you're 12 or 13, years old you'd graduate and then you go, work in the family business or you go, become an apprentice for, somebody you would go from being a child, to being an adult there wasn't this, Middle Ground where you could just I'm, just just figure myself, out where you could just where you could, just resist becoming an adult who has to, delay your gratification well they, manufactured all of those things at the, same time because they knew there are, two categories of people that you can, count on, perpetually wasting everything they have, and buying more than they could ever use, children and, addicts so they figured if they could, manufacture things that would get people, addicted and they could create a system, that would perpetually, childhood even into adulthood they could, have an army of people who would buy, their stuff for decades for generations, and that's exactly what's, happened and that's why there's so much, emphasis in our world today and in, America today about parents playing with, their children and you're a bad parent, if you don't play with your children and, we don't even realize the whole, programming well you graduated you got, to go to college you're 18 you got to, get out of my house all of that is, designed, to keep people stuck like Chuck in a, pickup truck in a system that was not, designed for their best, interest and so the inability to see an, opportunity because of the obstacles you, can't see past the obstacles the, inability to delay gratification and the, unwillingness or lack of ability to, negotiate for the terms that you, desire your desire for getting yes are, so great you'll accept it at any cost, and you have to get to the place in your, life and in your business where you are, not so emotionally attached to yes that, you'll take it at any, cost sometimes you just have to say, no sometimes you just have to say this, ain't that we ain't doing it we ain't, doing that I have $55,000 coaching, program people want to do one-on-one, calls with me we don't do one-on-one one, calls in that, program we just don't do them it's not, like we don't do them that much we just, don't do them it is not a one-on-one, call program we do a coaching call every, other, Monday guess what the people who cannot, delay, gratification sometimes they don't show, up on the call and then they want to do, one-on one call with me you wasn't even, on the call when I already answered that, question are yall tracking see what we, have to do is we have to like we have to, be willing to negotiate for what we, desire every and if you're unwilling to, negotiate you are going to get what you, get and you're going to pay more for it, than it costs because that's how life, works but in negotiation you have to be, willing to give some you have to be, willing to receive some you have to be, and and when I say you have to be, willing to give some you have to have, something to give but they desire if, they've got something to give that you, desire and those three things right, there not de veloping those, skills is is detrimental to your, financial future in ways that you will, not be able to imagine until they, manifest, themselves one of the reasons people, can't negotiate is because they're too, emotionally, invested you want to win in, life force your emotions to follow your, mind don't allow your mind to follow, your emotions, because emotions emotions emotions are, the driving, factor of, actions and because emotions are the, fuel they're the jet fuel of Our Lives, we have to make sure that we're hyper, intentional about guiding and directing, and leading how we feel about things so, that yes I'm acting based on how I feel, but how I feel is based on what I know, and see what happens is people, believe that the things they think are, true instead, of believing the, truth they believe the things they think, are true are true it's not the same, thing so when I yield to the truth I get, the benefit of that truth in my life but, when I think something's true and it's, false I suffer the negative consequences, of that erroneous belief and so if you, learn how to delay, gratification and you just make yourself, do it I'm G to say no I came home last, night from picking my daughter up the I, had a training I did here then I went, picking my daughter up at the airport, then I came home home and everything was, in me that was in me was, saying get one of those little ice cream, bars it's not ice cream but it's it's, like coconut chocolate almond fudge it's, made from coconut milk like get one of, those ice cream, bars and I decided before I pulled in, the driveway I'm not going to do that, that's that's gonna be a hard no today, not doing that didn't work out yesterday, there's no Universe I'm ending my day on, an ice cream bar that's not happening, just made myself say no not even and I, didn't even know I was going to do this, video I just made myself say no because, that this ain't that you ain't in charge, taste buds ain't in charge it's going on, nothing going on up in here and so what, we have to do is we have to decide, number one we're going to delay, gratification number two we're going to, learn to look for opportunities and not, be afraid of the obstacle and the, obstacle oftentimes manifests itself as, risk not be afraid of the obstacle and, then we're going to be willing to, negotiate and get better at negotiating, if we will do those three things wealth, is almost, inevitable hope this video helps you and, we'll see you on the next video in the, meantime in between time stay blessed by, the best