Armstrong Williams

There are literally hundreds of impediments that prevent people from building wealth. Whether they are particularly complex (misreading the stock market) or extremely simple (miscalculating your budget), these impediments can literally keep you and your family from financial stability. Various people face various hurdles, but one thing is for sure: every living person will face obstacles along their wealth-building path.

After careful examination, I have found that most impediments fit into four basic realms. The four realms of impediments are family, education, social and personal. Within each of these realms, most people encounter at least one obstacle that they need to overcome to reach their potential wealth. By analyzing each realm, you will better understand what impediments to be aware of and how to overcome them.


If you want to build wealth, you must take care of your family life. First, make sure you only marry and begin having children when you are ready. Marrying too early or having unplanned children can greatly impede your chance for financial stability. Those who rush into marriage or parenthood often are forced to take dead-end jobs or sacrifice their education to make money. Because they become forced to support their family, they lose the opportunity to train for bigger and better jobs that would allow them to reach financial stability. In general, if your family life is stable, your financial life will be a lot easier to improve.


If you expect to build wealth you must put a premium importance on your education. Although we occasionally hear about self-made millionaires who never graduated high school, the simple fact is that education is the gateway to wealth. Graduating high school is a must. Earning a college degree is a must.

If you have not graduated high school or attended college, it is imperative that you immediately create a plan of action to achieve these goals. There are programs that can help you earn a high school equivalent degree, and many organizations that will help you get into college using student loans and government support.


The fastest way to build wealth is to associate with the right people. Likewise, the fastest way to the poorhouse is to associate with the wrong people or try to achieve wealth independently. You cannot get rich on your own. If you develop relationships with successful individuals, you will greatly enhance your opportunities for financial stability.

Finding a mentor who can advise and counsel you about your personal situation is a great way to learn the ins and outs of the financial world. Mentors not only provide positive reinforcement and a vast amount of real life knowledge, but they help provide connections, business opportunities and potential partnerships.

Even if these relationships dont prove to be financial boons, they allow you to expand your network and improve your business and communications skills. Finally, examine your social scene, and beware of those who are bringing you down or hurting your chances to succeed.


Like anything else, building wealth takes a lot of hard work, dedication and focus. If you truly want to experience financial stability, then you absolutely must be willing to sacrifice and spend the necessary time to achieve your goals. Besides creating a strong work ethic, you must cultivate your creative side and continually challenge yourself to be innovative and think outside the box.

Leaving your comfort zone is a key aspect of improving innovation. You must be willing to try new things, experience different customs and participate in unusual situations so that your breadth of knowledge grows wider. The more creative you become, the more your hard work will pay off.

Armstrong Williams

Armstrong Williams is a widely-syndicated columnist, CEO of the Graham Williams Group, and hosts the Armstrong Williams Show. He is the author of Reawakening Virtues.
TOWNHALL DAILY: Be the first to read Armstrong Williams' column. Sign up today and receive daily lineup delivered each morning to your inbox.