The most often heard excuse I’ve heard over the years for peers not getting rich can be encompassed with just two words, “I’m Afraid.” It’s fairly simple and straight forward and I can say I’ve seen this over and over with peers in my personal life and currently in the at large PF Blog world recently.

There are so many people that won’t touch credit card arbitrage because they deem it too “risky.” Come on guys, how “risky” can something be when you borrow money and stick it in a high yield account and pay it back slowly? This isn’t rocket science it’s an opportunity to earn money.
Then a ton of people won’t ever learn to invest in anything other than mutual funds because they consider everything else too “risky” or too “difficult” to learn. I’ve had several people tell me that they consider ETF Covered Call writing too exotic. Good grief, it’s the most conservative trading methodologies with regards to options and people consider it too risky.

It all boils down to the fear factor and herd mentality. To quote a great thinker, Bertrand Russell, “Collective fear stimulates herd instinct, and tends to produce ferocity toward those who are not regarded as members of the herd.”

Over the years, I’ve tried to help many people advance in their careers by mentoring and offering advice; I’ve tried to teach people how to make money yet often, the advice is disregarded because of fear and herd mentality. If the herd isn’t doing it then it must not be effective or probably too risky.

I hope you enjoyed reading the top 10 excuses I’ve heard over the past decade as to why people I know aren’t getting rich. I’ll leave you with one last quote; It was Marie Curie that said, “Nothing in life is to be feared. It is only to be understood.”

Don’t you think it’s time you began to understand how I’m getting rich slick with ETF Covered Calls? I’ve made over $10,000 with the ETF Covered Calls so far and I’m on my way to making another $10,000 this year. I hope you’ll conquer your fear and check it out.