if you want to be paid more or promoted faster you have to increase the value of the work that you do today I want to talk to you about the science of money I have done a lot of research on this topic and have just completed a program on the entire subject and history of money it is interesting that most people think about money all the time yet most people don't know very much about it sometimes they don't know anything what I do is try to explain where money comes from and if you caught a
fish you would yak ww site you would trade with the person who had cut down a pineapple from a tree if you made boats you would trade with a person who would build your house or your Hut everything was always trading goods for goods this eventually became really awkward and clumsy so finally we had to find something that everyone valued the solution became things like precious stones such as gold and silver or even brass and copper which were used as currency for a time during the early days of the United States beautiful seashells were also
considered to be what is called a store of value or a form of money what does this mean to you well your most valued financial asset is your earning ability your ability to earn money where does the money come from what happens is you trade your labor mental emotional and physical for money and then you take that money and buy the results of someone else's labor whether it be at the grocery store the car dealership or the clothing store what we do is trade our labor for money and then trade that money for the labor
of other people so if you want to be paid more promoted faster or increase your earning ability you have to increase the value of the work that you do there's no other way in our world today we do not have an income gap we have a a have a skills Gap and the whole subject of inequality is unfortunately uh self-determined people decide to be uh une equal to others especially in earning ability because they decide to stop learning growing and becoming better in their field the thing about money and the science of money is that
you can have all the money you want and earn it honestly by contributing value to other people by doing things for other people that are valuable important and help them get the results they want they will pay you for this this is the basis of money when you start a business it is very similar when you work for a company it's the same thing but money is merely a method of exchange for the quality and quantity of your work which enables you to buy the quality and quantity of work from others make money as an
entrepreneur in five simple steps here's a question that will help you begin to take action on how to be successful with starting your business what qualities account for your greatest success in life so far what personal skills and abilities have gotten you to where you are today I know how could you apply those same skills and abilities to starting and building a new business how do you find a new product or service recognizing that 80% or more of products or services will be new in 5 years begin with yourself begin with your own talents your
own abilities your experience knowledge interests your background your education and so on look carefully at your current work your current business your current position as an entrepreneur or your current product or service look within your own life and work and decide how to be successful under your own feet right where you are today if you already are an entrepreneur and have a company what are the special talents and abilities experiences knowledge interests and backgrounds of your business success today what qualities talents and skills have enabled your company to succeed up to now what are the
things that you do best both personally and in your business and what are the greatest opportunities within your business right now these are the guidelines to the Future to continue developing your business ask yourself these five simple questions these questions are integral to gaining the profits that you want the first question is what is your mission as an entrepreneur why does your organization exist in the first place what are you trying to accomplish for your clients and customers second who is your customer describe the exact person that you are focused on satisfying with your activities
with your products and services third what does your customer consider value what is it that you do especially well that you are uniquely suited to provide to your customers how can you exceed the standards set by your competition so your customer sees you as the best choice fourth what results are you're trying to accomplish how do you measure success at achieving those results what numbers do you use to track your progress the fifth and final question you should ask yourself is what is your plan how do you go about satisfying your customers and getting the
results that are most important to them answer these five questions to gain a basic understanding of what you are trying to accomplish and how you're going going to succeed at accomplishing it become a money-saving expert by paying yourself first money is hard to earn and easy to lose guard yours with care Clement Stone once said a part of all you earn is yours to keep and if you cannot save money the seeds of greatness are not in you resolve today that you are going to save and invest at least 10% of your income throughout your
working life take 10% of your income off the top of each paycheck and each time you receive one put it into a special account for financial accumulation the fact fact is that if you save just $100 per month throughout your working Lifetime and invest that money in an average mutual fund that grows at 10% annually you will be worth more than $1 million by the time you retire this means that anyone even a person earning a minimum wage if he or she starts early enough and saves long enough can become a millionaire over the course
of his or her working lifetime developing the lifelong habit of saving and investing your money is not easy it requires has tremendous determination and willpower you have to set it as a goal write it down make a savings plan and work on it all the time but once this practice locks in and becomes automatic your financial success is virtually assured practice frugality frugality frugality in all things be very careful with every penny question every expenditure delay or defer every important buying decision for at least a week if not a month the longer you put off
making a buying decision the better your decision will be and the better price you will get at that time a major reason that people retire poor is because of impulse buying they see something they like and they buy it with very little thought they become victims of what is called Parkinson's law which says that expenses rise to meet income this means that no matter how much you earn you tend to spend that much and a little bit more besides you never get ahead and you never get out of debt but you don't have to be
a victim of Parkinson's law if you save 10% of your income start today by Saving 1% of your income in a special savings or investment account put it away at the beginning of each month even before you begin paying down your debts live on the other 99% of your income as you become comfortable living on 99% raise your savings level to 2% of your income then 3% and 4% and so on create a savings plan that you're comfortable with and then commit to it within one year you will be saving 10% and maybe even 15%
or 20% of your income and living comfortably on the balance at the same time your savings and in investment account will start to grow you will become more careful about your expenditures and your debts will begin to be paid off you will become a money-saving expert within a year or two your entire Financial life will be under your control and you will be on your way to becoming a self-made millionaire this process has worked for everyone who has ever tried this Savings Plan try it and see for yourself here are two ways to become your
very own money saving expert today first begin today and put away 10% of your earnings set up a special account for this purpose and treat your contributions to this account with the same respect that you do your rent or or mortgage payments each month second become a lifelong student of how to save money read the best books take courses And subscribe to the most helpful magazines know what you're doing so that you can always make Intelligent Decisions when you invest your funds open a special account for financial accumulation today make a deposit in this account
no matter how small then look for every opportunity to add to this account begin to study money so that you understand how to make it grow read books and magazines by experts on the subject become a money-saving expert never stop saving learning and growing until you become financially independent now I want to talk to you about how to reach your financial goals and become wealthy most people don't realize that reaching your financial goals starts with your core values you must do well in all areas of your life and determine what it is that you believe
in and stand for in order to find true financial success your values lie at the very core of everything you are as a human being the virtues and qualities that you stand for are what constitute the person youve become and will continue becoming so all Improvement in your life including Financial Improvement begins with you clarifying your True Values committing yourself to living consistently with them and then aligning everything you do with them when you align your work and personal life to support your financial goals you'll find it much easier to reach them them or any
goal that you set next aligning your goals with your values helps you to become a living magnet one of the most powerful principles in the universe is the law of attraction this law makes you a living magnet by using your thoughts to create a force field of energy that radiates out from you and attracts back into your life the people and circumstances that are in harmony with those thoughts every person who has achieved Financial Independence has become wealthy and successful as a result of in the idea of wealth and success in their mind long enough
and hard enough until they drew into their life the resources they needed to accomplish it your main job is to keep your mind fixed on improving your personal finances and achieving Financial Independence when it comes to setting your financial goals you want to think big but start small or wherever you are high Achievers always set challenging goals and continually work toward them in everything they do self-made millionaires all started with a dream and one of their secrets is dreaming big you can then practice back from the future thinking project forward five years and allow yourself
to imagine the amount of money you would like to earn and have in your bank account then work back from the future to the present make a list of The Logical steps in order that you need to take to get from where you are to where you want to be then figure out what big or small action you can take today next give yourself time to plan it out and accept that your financial goals are long-term strategies many people fail to realize this they instead go through their days and their money trusting luck that somehow
they will become wealthy they buy lottery tickets Gamble and think about making a killing in the stock market the fact is however that financial success is long-term money and those with Financial Freedom are patient persistent and far-sighted they discipline themselves to save and accumulate money over many years as a result of this money habit each year their wealth grows and they usually surpass their financial goals and keep going sooner than they expected lastly when setting your financial goals expect the best the law of expectation says that whatever you expect with confidence positive or negative becomes
your reality so don't worry about failure that is negativity that will manifest into your life if you confidently expect to become wealthy hold to that belief and act as if your financial success were inevitable you will eventually achieve they not sh you that goal successful people who become rich expect to succeed in advance the wonderful truth about your expectations is that they are completely under your control you decide for yourself if you want to become rich and how you are going to get there if you enjoyed this video and feel it was valuable in teaching
you how to achieve financial success share it with your friends or anyone one else who might benefit from this information before we wrap up I'd like to leave you with a thought to share with your friends and followers the more you think about financial Independence the more you base your decisions about time and money with this objective in mind visualize and think about yourself as you would really like to be not just as you are all rich people have something in common and you can learn it as well the whole secret of personal success is
to find out what your calling is and then pursue it with your whole heart why is it that some people have positive thinking patterns While others do not what determines your self-concept for Success many successful people have been interviewed over the years and asked the question what do you think about most of the time their answers are simple and consistent yet so profound that they can be life-changing as they were for me in short rich people always think positively they think about what they want and how to get it by learning these four habits of
rich people you too can become very successful perhaps faster than you could imagine the richest people have what is called a very high self-concept your self-concept is the master program of your subconscious computer it acts as your mental operating system every thought feeling emotion experience and decision you have ever had is permanently recorded on this mental hard drive once recorded these Impressions influence the way you think feel and behave from that point onward starting in early childhood even when you were an infant your self-concept precedes and predicts your levels of Effectiveness in every area of
your life your self-concept comes first it explains why mental laws have such an inordinate effect on your personality if you want to be rich you must change your self-concept so that you think about yourself as a rich person once your self-concept in a particular area is formed you always act in a manner consistent with it you may have extraordinary ability in a particular area but if your self-concept is poor in that area you will always perform below your true potential you have a self-concept for how well you speak in public you have a self-concept for
how popular you are you have a self-concept for what kind of a spouse or partner you are you have a self-concept for what kind of a parent you are you have a self-concept for how well you perform in each sport or physical activity you have a self-concept for how organized or disorganized you are you have a self-concept or belief system for how well you manage your time and how productive you are you have a self-concept for your ability to read write and do mathematics in your career you have a self-concept for every aspect of your
financial life through positive thinking you have a self-concept for how much you earn and how hard you have to work to earn that amount of money you know why you have a self-concept for how rapidly you are promoted and how much your earnings increase Year bye rich people step outside their comfort zone whatever yourself concept your habit of thinking with regard to money or any other area of performance will will become your comfort zone your comfort zone then becomes your greatest single obstacle to improved performance once you get into a comfort zone in any area
you will strive and struggle unconsciously to remain in that comfort zone even though it may be vastly below what you are truly capable of achieving in that area and especially what you are truly capable of earning the key to achieving your full potential and developing the same habits of rich people is to raise your self-concept through positive thinking patterns you need to develop new patterns and habits of positive thinking about what is possible for you the way to accomplish vastly more on the outside is by changing your thoughts and feelings about your potential in that
area on the inside rich people have a high self ideal this is the ideal image or picture you have of yourself as if you were already the very best person you could could possibly be your self ideal and self-concept are made up of your wishes hopes dreams goals and fantasies about your perfect future life combined with the qualities and virtues that you admire most in yourself and other people your self- ideal and self-concept are Composites through positive thinking of the very best person you could imagine yourself being living the very best life you could possibly
live high performing success happy rich people have very clear self ideals they have clear ideas of what they like respect and admire they have clear ideals about the virtues values and attributes of the superior men and women they want to emulate and become and the most successful people have an uplifting inspiring vision of what a truly excellent person looks like and how he or she behaves within that self-concept you are a remarkable person possessed of incredible tap potentials and abilities whatever you have accomplished in life so far is only a shadow of what is truly
possible for you there are virtually no limits on what you can do be or have except for the limits that you impose on yourself with your own Thinking by taking complete control of the development of your self- concept through positive thinking you lay the foundation for the development that will enable you to accomplish more in the next few years than the average person accomplishes in a lifetime thanks for watching remember if you want to change your future take action and take action now if you enjoyed this video and found it valuable in helping you achieve
your personal or professional goals or in changing your self-concept in a positive way subscribe to our Channel like this video and share it with your friends or anyone else who might benefit from this information
