Wealth Wisdom. 10 ASSESTS MAKE YOU RICH | Brian Tracy

our life is impossible without money a big and stable income is great motivation to reboot your life not all of us want to do something to get rich but Brian Tracy states to achieve something you've never achieved before you must become someone you've never been before how can you become the person who earns as much money as you want you'll find out in this video you're on the money Channel join the ranks of future millionaires just by hitting the Subscribe button change your attitude towards money many people both love and hate money at the same

time Tracy points out they hate those who have it but spend their whole lives trying to get rich most people fail to save significant amounts because they don't understand the nature of money or how it works money like people is a living entity when you wake up and go to work you are selling a product yourself when you realize that every morning your assets wake up with the same potential as you do you'll discover your path to success Tracy says every dollar you save becomes your employee over time your employees will earn enough to hire

new workers when you become truly successful you won't need to sell your labor anymore you'll be able to live off the work of your assets big numbers start small you don't need a whole Napoleonic Army to get started says Brian Tracy people often feel like they're missing something they think they can't become wealthy unless they make big Investments right away what they don't realize is that every Army starts with a single soldier the same goes for their finances one woman worked as a dishwasher and made handbags from empty detergent bottles she saved and invested every

dollar she had even if it was just a few today her Investment Portfolio built on small contributions is worth several million dollars you don't have to be as Frugal but her story teaches a valuable lesson don't despise Small Beginnings don't love money be jealous of it treat money like a jealous lover Tracy advises Millions dream of Financial Freedom but only those who make it a priority achieve it if you ignore money it will ignore you or worse it will go to someone who makes it their priority a high salary doesn't mean wealth even if you

earn more money it won't solve your problems money like a magnifying glass amplifies and reveals your habits Tracy notes if you can handle a salary of $188,000 a year the worst thing that could happen to you is earning $100,000 a year it will destroy you there are plenty of people who make $100,000 a year live paycheck to paycheck and don't understand why the problem isn't the size of their income it's how they manage their money says Brian saving as the first step to Financial Freedom following this principle you'll realize that $20 here and $40 there

can make a big difference in the long run money can work for you and the more money you put to work the more it will grow with more money comes greater Freedom the freedom to stay home with your your kids the freedom to retire and travel the world or the freedom to quit your job if you have a source of income you can start Building Wealth today even if it's Just5 or $10 at first every investment is a building block in the foundation of your financial Independence don't follow your parents path if they weren't wealthy

insanity is doing the same thing over and over again and expecting different results if your parents didn't live the life you once don't do what they did advises br if you don't want to live the way previous generations of your family did you'll need to break free from their mindset to achieve the financial Independence and success your family did or didn't have you need to do two things first get rid of all your debts second start saving and investing your money and also look for new ways to make money just 10 years ago we could

hardly imagine that the phone in our hands could earn US money now smartphones are practically the main source of income for many some use them to sell products others build their personal brand and some can simply tap on the screen and get paid for it the last option became possible thanks to the telegram game booms it's incredibly simple you press a button and earn coins these coins can then be easily converted into real money plus the project has lots of extra game features You Can level up change your character complete tasks and earn even more

already over 800,000 daily active users prefer booms and get their rewards for it what's more they like you have the chance to boost their earnings even further through the referral program just invite your friends to the game and receive even more rewards for this by the way they give out a generous amount of coins to start earning simply follow the link in the description and launch the booms app in your telegram doubt equals defeat life is an amazing thing it's not about where you are it's about which direction you're moving in Tracy points out if

you've decided to take control of of your life and grow your wealth don't let yourself doubt every second brings you closer to your goal control and freedom every dollar that comes your way is a seed for your financial future if you make responsible decisions you'll undoubtedly Achieve Financial success the day will come when you make the final payment on your house or car until then enjoy the journey it's time for Financial Risk start using your money to the best of your ability right away don't keep it in your pocket emphasizing is Brian there are many

ways to make the most of the money you're already earning and saving while budgeting is complicated and not always the most fun or doable thing it should be done anyway you can start by transferring money from your checking account to an investment account every paycheck instead of savings to make more Investments by investing your savings in real estate or stocks you actively profit from what might otherwise be lying in a savings account thus the opportunities to grow your financial capacity are endless use Banks when you sign a contract with a bank you are presented with

Endless Options and guidance on how to manage your finances properly and efficiently for example you can use your bank app to check your credit or set up automatic savings transfers some banks even offer free financial planning Services when you open a credit line with them other Banks offer information and stock market financing options making investment a relatively simple process the bottom line is that there are hundreds of ways your bank can help you become more financially independent and knowledgeable the end must justify the means Brian Tracy believes that wealth is a chain of specific and

achievable goals segmenting your budget becomes a much clearer practice when you know what you want out of your finances when you think about what you'd like to accomplish right now think about things like improving your credit rating paying off debt setting up an emergency fund or tracking monthly expenses when you set short-term goals for how you want to manage your finances you will begin to spend less save more and understand the complex idea of personal finance remember that the path to improving your financial situation begins with changing your spending habits some changes may be easier

to adjust to than others but if you're committed to the process you'll end up with better financial management skills and in doing so you'll have more money to put toward business Investments and more knowledge are a must because of a lack of basic Financial education many young people don't know how to manage their income and expenses apply for and maintain credit cards or even get into debt to fix this you should take the time necessary to learn how finances work in detail you can gain more in-depth knowledge by watching YouTube tutorials or taking personal finance

courses you have everything you need to get your money in order it's about time for Big Money the words it's never too late to get rich lose their meaning at some point after all none of us have an infinite number of chances to start a new life and get on a real path to wealth Brian Tracy has often claimed that a person's thoughts should smell of money if you're tuned into a money mindset you'll have no trouble making a million dollars with just a hammer and nails in your hands Tracy mentioned in one of his

interviews not everyone is capable of this but it can be achieved by properly managing your lifestyle this was the very topic of Brian Tracy's latest seminar how to build a life where you become wealthy mindsets or beliefs we're used to thinking of every thought as part of our personality but not every thought is truly ours our subconscious forms in childhood and it works like a sponge absorbing information without analyzing whether it's useful or not for example if your dad yelled at your mom that she spends too much your subconscious might have interpreted this as if

you spend money you're bad and you'll be punished spending money is bad or if Mom told Dad there was no money and a fight broke out your subconscious might have recorded that money is dangerous you won't be loved people will yell at you and you'll end up alone thoughts also come to us as life wisdom like saying such as we've never been Rich no point in starting now if you dig deeper you'll find similar unconscious ideas in all of us that help us make decisions in life this isn't limited to Proverbs and sayings for instance

if your mother told you that you're a Humanity's person you probably still believe that and avoid trying to figure out complex systems even though you might actually enjoy it or turn it into a source of fulfillment and income the same goes for the influence of your close Circle the people you interact with most often their judgments about your abilities have a powerful impact on you money is a choice and this is a choice each person makes for themselves we don't like Simple Solutions so it's hard to imagine that we can take control of our own

thoughts but it's not that difficult to notice which thoughts come to mind and how they affect us the choice is that if you choose to be wealthy all your resources mental spiritual and physical must align with that goal you declare your desire set goals and move in that direction and if your goal matches your values and is supported by your abilities and talents success is highly likely if you look at successful entrepreneurs owners of million-dollar Empires and lucky investors they make more mistakes than they get things right but it never crosses their mind to see

mistakes as a problem for them it's just a tested hypothesis in fact they see mistakes as experience not something that defines them just actions along the way influenced by different circumstances that affect the result with this attitude accumulating such experience becomes enjoyable it adds excitement to life turning it into a thrilling game and keeping them sharp all problems are in the mind we often say that all problems are in the mind of course life is full of factors beyond our control but our thoughts matter a lot it's not about cognitive functions creativity or willpower but

about how hard it is to track the flow of ideas in our heads for example something happens and a thought about it pops into your head that thought triggers an emotion which leads to actions and those actions result in a certain outcome say you find out that the tax authorities have Frozen your bank account and the thought crosses your mind that this is happening at the worst possible time in your life you start to get anxious your mood tanks and you need to deal with it most likely you'll take your frustration out on someone and

your decisions and actions won't be the best but if you change just one thing the thought that comes to your mind the whole situation shifts if you don't give this event much importance you'd stay calm and confident without filling your head with unnecessary worries by making this choice you always come out ahead this approach works for everything not just Financial thinking life baggage a series of repetitive or traumatic events forms thought patterns when we failed at something over and over we might have drawn the wrong conclusions we also tend to scare ourselves what if I

get fired or my business flops what if I lose money or hire the wrong person and this threat of Doubt can unravel a whole sweater of confidence contradictions if you constantly hear that only bad people and criminals have big money your subconscious will likely resist Building Wealth because we don't want to be seen as bad the same will happen if your environment believes that earning money is difficult and requires sacrificing your personal life or if you were told that you're not diligent or talented enough to earn a lot strangely enough you might rationally understand the

absurdity and inconsistency of these statements but at the same time as paradoxical as it sounds hold both these beliefs simultaneously a person's greatest resource a person's greatest resource is themselves their knowledge skills and experience wealthy people don't hesitate to invest in self-education books training courses and attending forums related to their field they understand that their ability to work depends on their health so they don't skimp on time or money for good doctors proper nutrition and regular exercise they create the best conditions and Comforts for themselves knowing that it will pay off with a long active

life and the ability to work effectively we we are shaped by our environment to SAR with eagles don't flock with turkeys advises Tracy many people view the rich as snobs arrogant or prideful but they simply prefer to surround themselves with like-minded individuals when a complainer or a failure sneaks into a successful person's Circle they quickly start draining their new acquaintance mentally and financially wealthy people know how destructive toxic relationships can be and waste no time cutting such people out of their lives don't worry about what others think for most people being accepted by Society is

important so they feel compelled to listen to public opinion but the real secret is that billions are made by Wizards and oddballs mad scientists and freaks with all sorts of quirks if they had tried to be like everyone else they wouldn't have achieved anything the average person doesn't seek New Paths or burst with brilliant ideas and here's a hard truth no matter what you do someone will criticize you and and all your work just ignore what others say and keep moving toward your dream advises Tracy emotions as energy billionaires know that positive emotions and inspiration

give them strength help them work more efficiently and bring joy to life this even acts as a preventive measure against many illnesses on the other hand negativity drains energy destroys and slows down growth that's why billionaires consciously surround themselves with things that bring them joy and eliminate sources of negative energy the better you feel the higher your self-esteem and the higher your self-esteem the higher your goals and the more you can achieve in life States Brian don't just work for money when money is the only motivator you won't get far on that fuel it's essential

to find joy in the process and work towards a global idea that can change the world take Elon Musk for example launching Rockets into space and dreaming of going to Mars is that done for money Bill Gates didn't just make billions he created an operating system used around the world wealth is not rooted in greed but in ideas and that's very important says Brian Tracy remember to give back charity has become an essential part of the lives and work of billionaires they understand the law of energy circulation if you don't give back the flow will

stop and turn into a swamp today the wealthy significantly impact Humanity by donating money to medical research combating social issues and more many Innovative treatments for deadly diseases have emerged thanks to billionaire funding charitable donations also go toward building social housing improving educational programs and enhancing Health Care Systems if you give something to the world it will surely repay you twice over Tracy States stopping is equivalent to death of course this is a metaphor it's not about physical death but the death of a wealthy and successful person within a living body major players are constantly

developing and and searching for new ideas never at rest they're not superhumans and their success is largely due to continuous self-education and Relentless Pursuit this is where the path to wealth Begins by restructuring your life and mindset you literally change the world around you ideas will start turning into money decisions will start generating income and before you know it you'll be much wealthier the key is to understand this in time and take action write in the comments the amount you want to earn per year just the number nothing more let's share our goals with each

other and start taking action today I'm confident that in 6 months you'll come back to this comment and say I can achieve this goal this is the money Channel you will get richer [Music]