15 Reasons Why You’ll Never Be Rich

These things are holding you back from making riches

Emeka Nwanedo
14 min readDec 30, 2021
Photo by Andrea Piacquadio from Pexels

Everyone wants to be rich but that’s not going to happen.

Do you want to know why?

Here’s a list of the ‘not so obvious’ reasons why you’ll probably never be rich.

1. You can’t control your big ego

Ever heard of the popular quote by Morgan Housel?

“Spending money to show people how much money you have is the fastest way to have less money.”

So many people are doing this and don’t even know.

Let’s say you now have a consistent source of decent income — you’re now quite established and very comfortable. But you notice you’re still wearing your old clothes and driving your old car and people might think that you’re still struggling financially.

So what do you do?

You let your ego get the better part of you. You go around on a money-spending spree in order to pass a message. You go after fancy furniture and other frivolities. You spend money at the slightest bruise of your ego.

If you keep spending like this, it won’t take too long before you run out of steam.

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Emeka Nwanedo
Emeka Nwanedo

Written by Emeka Nwanedo

2X Top Writer. An ex-banker who’s now dedicated to lifelong learning. A proud dad of 2 lovely kids and a published researcher.

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