There are a number of major misconceptions regarding success, especially when it pertains to wealth that must be addressed. Identifying and addressing these misconceptions makes the process of pursuing and achieving a goal (especially a financial one), much easier.

Firstly, there is the widely held misconception to make money, you already need to have money. Many successful business empires that exist today started virtually from scratch with little or no funds and are where they today simply as a result of the determination and vision of its founders.

This misconception is so pervasive that it stops many people from even attempting to pursue their dreams because they truly believe that they need to accumulate the amount of money they need first before acting on their ideas. This causes so many to delay that often times the idea fizzles out or by the time they get to implementing their ideas, it is already too late and someone else has already ran with the idea.

If you have a dream, vision, idea or goal start from where you are and do something daily towards the attainment of that goal. The significant success factor for any goal is not money but rather creativity and determination.

Secondly, there is the mistaken belief that the ability to amass wealth is limited only to the select few that are highly intelligent, privileged and well-educated. This is completely untrue. Conduct a quick analysis of the most successful people in the world and you will find that the only thing they have in common regarding their backgrounds is that they have nothing in common.

Successful people come from all walks and different backgrounds. Some of the worlds super rich never even completed high school not to mention having a university degree. Some of them started from nothing, with nothing. Some of them are of average intelligence and are not necessarily super-intelligent.

Finally, there is the misconception that to be successful, you have to have luck on your side. Yes, some people where at the right place at the right time; unfortunately, such people consist an infinitesimal percentage.
By and large, most successful people have had to be committed and apply themselves consistently for many years to get to where they are. In life, the harder you work and the more committed you are, the luckier you get. The more focused and committed we are towards a goal, the higher the chances of us achieving that goal. Its really a no brainer.