Vince Reed argues that only about 3% of people become millionaires because limiting beliefs and social circles prevent the other 97% from believing wealth is possible for them. He claims people generally know the practical steps (e.g., buying undervalued real estate, investing in the stock market) but fail to adopt a millionaire mindset; he gives examples contrasting commonly-held beliefs about attainable jobs/income ($30–$50k) and emphasizes the influence of whom you associate with.
So here's why only 3% of people become millionaires. It's really simple. It starts right here. What's going on in between your ears. It's limiting beliefs. You see, the fact is you actually know how to become a millionaire. You know, if you bought one of these buildings at a low price and sold it at a high price, you could become a millionaire. You know that if you learned how to invest in the stock market better, you could become a millionaire. Everybody knows what to do to become a millionaire. They just don't believe that it's possible for them. Alright, so. So for example, you believe that you could make 30 to $50,000 a year getting a job. You believe that that's possible because you've probably done it and you know everyone else around you that's done it. You see, the reason 3% of people are millionaires is because the 3% of the people that are millionaires hang out with that 3%, whereas the 97% of people that aren't millionaires hang out with those individuals, which essentially makes them not millionaires.
