Reason One: Lack of knowledge: or more specifically, a
lack of a desire to gain knowledge. Make the effort to read
to read about financial matters and you will learn. Make
your money work for you by using the magic of compound
interest at 7% interest per year your money doubles after
approximately 10 years and at 10 % interest after 7 years.
Remember the rule of 72. Divide the interest into 72 to
see how long it takes to double your money. So the sooner
you get started the better.

Reason Two: Failure to set plans. Did you know that only
5% of the population sets goals and only 2% have any form
of written goals? Their actions have a sense of purpose -
they are results oriented, they are motivated, they are
positive - they are life's winners. Where do you want to be i
n five years time? Without a plan it is easy to drift aimlessly,
and live from day to day. If you have set goals you will know
what you want to achieve. People fail to succeed because
they never plan to succeed. It is not that they plan to fail,
they fail to plan . So set your financial goals.

Reason Three: Inefficient use of time and poor work habits.
Time is money - you can spend it or invest it in building
a better you by self-development. When you waste you are
wasting yourself. Plan your day - what do you really want to
achieve today?

Reason Four: Lack of foresight. Achievers have an ability to
look beyond the immediate and into the future. Although
some may see your visions as dreams do not forget that
you have to have a dream to make a dream come true.
Unless you are fortunate enough to be left a legacy, the only
money you will ever have working for you is that what you
save from current income and invest. People with vision
can multiply their income by investing in growth investments.
Work for your money then make your money work for you.

Reason Five: The need to conform. Dare to be different
which is why the majority of people are not successful. Don't
be afraid take calculated risks. Remember the people who
make big money are the ones who do the opposite of what
everyone else does - sell when everyone else buys and vice

Reason Six: Poor debt management through excessive
borrowing. Lack of discipline through poor spending habits
and having no budget. Borrowing for things that lose value,
so that with interest payments you pay much more the
article than it cost initially. (Especially new cars)

Reason Seven: Lack of desire as a result of a poor attitude
to acquiring wealth. Bad mental attitude has caused more
personal problems than anything else. What we expect to
happen usually does. Successful people are optimists while
unsuccessful people have a pessimistic attitude . Block out
negative thoughts and stereotypes and mix with successful,
positive people.

Reason Eight: Inadequate protection against unforeseen
events. It may be the loss of a home due to natural disaster
or the death or disablement of the bread-winner. Adequate
protection (insurance) against these events is vital to financial
success. Not being properly covered has financially wiped
out many potentially successful people.

Reason Nine: Lack of discipline. Most people find it difficult
to save because they save - buy -save -buy, while others
simply buy. It is easier to say yes than no. Those who lack
discipline to say "no" will find financial success an impossible
achievement. The "must have it now" mentality - buy now
what your can't afford by charging it up in the hope that
you can pay for it later. Most people are easily led by
advertising and the easy availability of credit.

Reason Ten: Procrastination. Many people
put off a savings program until it is too late. Young
people have a wonderful opportunity and advantage because
they have time on their side.

The reasons people give for not starting a savings program
are varied and many are genuine. They also vary according
to age.

In their twenties, they are just getting started in life
with a first job and want to enjoy themselves by spending
on cars. In their thirties, they have a young
family and a mortgage to support and no money. In their
forties, they say things are tough with kids to put through
college and have unexpected medical expenses.
And in their fifties, there is little time left to
accumulate capital through the magic of compound interest.




Do you want to invest like Warren Buffett?
That’s a rhetorical question really, of course everyone would. He is one of the richest men in the world and an all-time legendary investor.
Now you may not be able to emulate the billions that Buffet has made, but there is a new strategy we have come across that promises to follow his value investing strategy.
The system is called Beat the Market Analyzer (BTMA) and is run by master investor - Grant Gigliotti.
The results on the sales page show that the system has consistently – and convincingly – beaten the S&P 500 over recent years. 
From 2013 to present, the S&P 500 has made 38.61% profit, where as BTMA has made 392.06% profit. 
In that period it has beaten the S&P 500 in all but 2 months (with four months having no stocks sold), which is a very healthy monthly success rate.
The explanation on the sales page about how Grant developed the strategy is very logical and as I would say, is based closely on the value investing approach of Warren Buffett and the mentor of Buffett, Benjamin Graham.
By signing up you will receive the Wealth Builders Club System and your bonus “Company Analysis Reports,” as well as daily recommendations of the most profitable, safest stocks to buy along with thousands of analyzed stocks each week.
So for beginners and novices, try this one and see if you can build your stock market portfolio in the style of Warren Buffett!


  1. Thanks for sharing the best information and suggestions about financial planning. Your article is very useful for those who are interested to know Why Goal Setting Important For Financial Planning. Keep sharing this type of article here.


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