Financial freedom - Get The Edge by Anthony Robbins

[Music] well hello welcome to day six all about financial abundance how do we experience the kind of freedom in financial terms that we really deserve now you and I by this point know that the reason I waited till the sixth session for this is because if you don't take time for yourself the money doesn't matter you can have all the money you're running around trying to make more and you're Not going to be fulfilled if you don't have a system for changing what doesn't work in your life money's not going to solve it which is

why we went through the results workshop and if you're in a position where you're not thrilled in your relationship money is worthless and if you're in a place where you don't have the physical vitality health and energy then we go back to the richest man in the graveyard metaphor so that's why this comes last in our series And the only thing it comes beyond this is really knowing the purpose of your life how to use all these resources to meet your life's purpose so this session is about financial abundance and I can talk to you

about this because I have the unique privilege of having achieved it you know there's nothing worse than talking to someone who talks a good game but hasn't lived it you know each of these sessions I transform my body I transform myself emotionally but more Importantly I'm the only didn't with myself and they'll do with other people too millions of people around the world so this is the subject I know one of things I had difficulty with early in my life and I started making money as I go to people I forgot to invest my money

and they knew less than I did they know how to sell me on a concept but they weren't wealthy I talked to a stockbroker and he didn't know anything he just knew what he was being told to Sell so gradually I began to say why am I talking to a guy that makes 1/3 what I earn tell me what to do with my money so I can just tell you that I started at ground zero I did not have this over spoon anything close to it in my mouth I start out with nothing and now

I'm in a position economically where I can do virtually anything I want in my life so I was recently doing a seminar when I was doing the seminar I was trying to get through to people because a lot of People look at me and I have a public company now dream life and the day that the company read public the value of my stock I had 23 million shares shot through the roof and my net worth was 400 million dollars just for my stock holdings so it was a pretty good day that was above everything

else that I'd built over the last 23 years of my life so it was pretty amazing but I also realize hey it's just paper I mean they could go down to zero who knows in The stock market what I got was abundance a long time ago I got it when I changed my psychology I got it when I worked hard enough to create enough income but I never have to work as long as I lived if I had no public company so I'm not tied to something I don't have to live and die but the

stock prices going upwards going down it's just a neat bonus but the reason I tell you this also is when people see that they look at and go oh that's so far from my Realm of possibility most people do anyway but the truth is there's people hundred times bigger than what I'm doing and I don't see it that way I see if that's what I really wanted I could achieve it maybe I'm deluding myself but it'll believe so and if you have certainty and you have the right plan you can achieve anything and it's not

the number anyway it's about what does it take for you to feel abundant what does it take to you To kill the scarcity to rid it from your life and experience the kind of gratitude that sets you free and so I thought I just put you right in that seminar and you can hear me telling them about it but I want you to know this is an area of your life you deserve to master because when you master it when you're coming from a place of abundance instead of fear instead of scarcity you don't worry

so much about yourself your focus is really on how to contribute and In my lifetime I've had an opportunity to contribute quite a bit in fact I started my foundation decades ago and it really began with me feeding to people on my own with a little money that I had and it gave you an idea how much it's grown we're now in over 2,000 school systems were in 750 prisons where more than a hundred thousand Health and Human Services programs and this last year between Thanksgiving and Christmas we fed more than a million people in

19 Countries over 500 cities so all this comes from having so much abundance in your own life you're no longer worried about yourself you really truly want to give but I'll tell you this the best way to get beyond scarcity is start beyond it if you can get yourself to feel that abundant now by doing things as if you were already financially independent everything changes so let's start out here by me inviting you to join me right now in a live seminar well you hear me Talking about this story of how things change for me

and instead of saying oh yeah isn't that wonderful hopefully you can hard to say okay what do I really want and how can I create the kind of abundance I want it whatever level that is for me it's not about stock it's not about money it's not even about how many people you can help her feed it's about what's the standard that you really want For your life and what I'm trying to get across to you I guess is I'm just a guy but I've had the privilege of doing very well in this area of

my life because I finally decided it was ridiculous for me not to be abundant financially when I was being abundant emotionally and spiritually and physically so I want you to listen in let's get started I start on my staff earlier today and I was telling Miss I really need to get across to people that this is real that this Really works I said part of that is they you know I take the random way somebody's time telling what I've gone through but I thought maybe I should give you some sense of it because the story

of what I've gone through a little bit will reflect some of your stories but also will show you the change in psychology because I'm in a position where I don't have to worry about this anymore but I only changed that now because the Mechanics weren't available to me they're available to anybody but they became not only available but used when it was a must when I changed my model of the world but I made it okay so I grew up in a position where I know exactly what it feels like to walk into a restaurant

and like Denny's if you can call that a restaurant right that was my idea of a restaurant and go in there and freak out and look at the menu and see how much something cost before I ordered It you know and worried if you took a girl out praying she wouldn't order something expensive and then feeling rotten for not wanting to have what you want her to have which is anything she wanted now I can remember going you know even after I've made some money when I bought the castle that was like this big metaphor

for me of breaking through that I was gonna I was gonna buy this because I always was so spiritually driven and emotionally driven but I never really Did well financially so for me buying this castle I thought this is where I want my children to grow up someday this is like me driving the stakes in the ground I'm gonna show myself and I can take the invisible and make it visible so it became my like last stand kind of thing I'm gonna find a way and I found a way I'll tell you what part of

what made it a must and part of what changed me from making thirty eight thousand dollars a year and A million dollars a year within one year was having a son that I wasn't planning coming into this world so I grew up with so much pain I linked so much pain to finances and not having I always swore I would not have a child until I was set financially because I didn't want them to go through that I didn't want them to go through hearing father after father leave and your mother's say things to them

that you wouldn't want ever had said to you in a sense of worthlessness In the sense of frustration and fear and humiliation I didn't want a son or daughter to be born to me and to go to school and have pants that are way too high because they grew too fast and my family couldn't afford to buy pants and have the kids say things that are just silly but feel so cruel when you're a little kid high water becomes your nickname you know and you're embarrassed and humiliated and devastated and you feel So unfair you

see other kids can go and do all these things and you can they make fun of you for it and you didn't do anything and then you don't want to be mad at your family it's not your family's fault or being in a position where you got to go to the thrift store to buy a suit so you can take a girl to a dance the suit is about 30 years old how to style not having enough money to take the person to dinner so you make excuses not to take the girl to dinner Getting

older and being on your own and trying to figure out how to eat because you had no money at all and going into a grocery store and eating food in the grocery store as I walked around stealing it basically basically that's what it was was stealing I just didn't dig it out of the store together store inside me somehow I rationalized that wasn't stealing I left the package in the store and I kid about it now I mean I used to I used to just cry values conflict sir I think I felt honest leaving with

my highest values and I'm stealing to survive I'm eating somebody's food in the store walking around all so freaked out I may get caught and there more than once if somebody come by and I knew people in store because I grew up I used to go in these stores I should shop every day for my family my mom never went for grocery store or shop every day for our meals and came home and made Them my people I knew I got something right mouth hi Tony freaking inside just freaking inside not having any money for

a car working as a janitor taking buses for two hours to get there so I could work for two or three hours in middle the night jump back on the buses go home and go to high school living in somebody's laundry room finally getting a car and having that car be an old Volkswagen 1960 Volkswagen With no reverse at a park on a hill I always parked on the hill so I could get back out remember being in a position where it's really in love with the lady watching another man come pick her up in

a limousine and knowing she wanted the finer things in life I couldn't provide them and I felt it was so unfair how they really loved her and I felt like she loved me but she also wanted significant life certainty looking around at my life and just Feeling hopeless and worthless living with a woman where I liked a lot but did not love really wanted it out of the relationship with but stayed at it because you paid half the rent convincing myself I should stay with her for security for $400 a month split between us giving

up my dignity for $200 true thinking about what I dreamed I would do with my life and knowing it would never happen because I didn't have the Resources I thought being in the position where I saw other people having kind of life that I really wanted I'm just thinking life life was unfair and feeling hurt and sad they having one of those things after another after another after another finally getting so determined finally deciding but that was nobody else's fault it was mine finally deciding this would change absolutely now no matter what finally looking at

an empty chair knowing I could not pay my Rent knowing I couldn't answer my phone because I owed everybody money in town every kind of bill collector only my electricity is about to be turned off and hearing this song a Neil Diamond saying I am I said and no one heard not even the chair and looking at an empty chair and thinking that's so true I wasn't even I wasn't even supporting myself much less change in the world much less don't Know it's prettier for I was so busy trying to survive and I wasn't doing

anything to make the world better and I got hungry not for food for meaning I got hungry enough that I stopped blaming everybody else I decided this was gonna change was a change right now no matter what and I went for a run on the beach and I gained 38 pounds because I didn't want to make it but it was that bad it wasn't that bad I was still young it wasn't my fault it's my mother's fault She turned me out that's everybody else's fault so I hated the way I felt I hated the woman

I was with I hated my life so the fastest way to change the way you feel is eat because I didn't want to do drugs because I linked pain to that so I gave my 38 pounds but on that day I'll tell you what man I decided I am I am much more than one I'm demonstrating mentally and emotionally and spiritually and physically and financially you know one day I changed My life and I went on this run 38 pounds bouncing back and forth Full Tilt man with Allanson myself song to my ears from a

group called heart called Barracuda and I push myself as hard as I ever push myself and my entire life total intensity and I came back and wrote down everything in my life I would no longer settle for ever again selling for less than I believed in selling for life of survival being in a relationship But I don't love being fat being broke hiding from people lying that is not who I am and I wrote down everything in my life I was totally committed to so I wasn't just gonna solve a problem that was sickening enough

I was going to create the life and I knew it was here somewhere inside yourself knowing you deserve more so do your children so the people around you life deserves to see more of you show up and not lying to yourself and Saying it's okay not saying it's a terrible feeling or it sucks saying what it really is it's disgusting it's vulgar humiliating it's horrible because it's with that when you get that kind of truth with yourself you'll find the drive to change anything because then there'll be a total muscle it's a must you'll find

a million ways to do it when you find a million ways you start doing a few pretty soon when you're proud of yourself and you got momentum and I did I remember thinking my God if I could ever make two thousand dollars in a month and then I did it there's like God if you could make five sixty thousand dollars in a year then it was like wow ten thousand then I made ten thousand dollars in a day and it was nineteen years old I was like yes I'm gonna have pants long enough no worries

I'm gonna drive a decent car I'm gonna have a life that I want I can give to my church I can do this I can do that Then I went back to see my friends all these people I love I'm so excited I want to share with them I said let's do things let's let's fly to Egypt and let's race camels between the pyramids I said what's the matter with you just didn't the money I said no I'm just not into poverty anymore I said I've worked really hard I've added massive value I've done this

and this and this that how people's lives are in that way I actually got paid for it I actually do What I love and because I do what I love so well I can actually go out and do these other things too and have a great life but what I got was I thought of had money growing up I saw that not having money meant pain no love arguments my parents all this loss all the separation not being one of the cool kids not even having a bicycle tour an uncle goes and finds an old

morning shines it up and paints it for me and makes it and gives me my first bicycle and he didn't have a Whole lot of money but he had unbelievable art so when you linked it man not having us why everybody hates each other they leave each other they don't love each other then you start saying yeah I'd like to ask them and so then you do and then people reject you now your brain is really scrambled you do good things you make a difference the world you cannot earn without adding value let me tell

you something the only way to become wealthy is they add more Value to other people's lives than anybody else is adding it is the only way if you don't add value you will not sustain the wealth you will not maintain it your income is in direct proportion to your contribution period and you're gonna make yourself wrong for that I guess you want to limit your contribution but we forget that because boy love is one of those deep human emotional needs isn't it so now having money in cocaine so I got rid of it I Started

not showing up for key meetings to our treating people harshly third sabotaging every way possible because my you better get rid of his money cuz no one loved you so I did my Aussie friends have a term for it in their country what's a call guys let's write the tall poppy syndrome you get a little too significant I'll cut you down to size real quick all people's fears because other people not want to be honest themself and say I could be more in one Of those areas is the way I contribute and one of those

areas is economic but I don't look at that cuz it make me feel inferior so I'll just do what feels good I'll go drug myself drink myself watch myself live myself anything else it's not everybody's focus doesn't need to be but most people are not even close to what they really want to be they mitigate their real wants they lower their standard in order to feel comfortable whenever they are they don't Look at what they really want for their lives they come up with every excuse some reason to make it feel justified and holier than

now so I sabotage it all and all myself at a foreigner square up a batch apartment broke all over again and I learned I love people if you help people in still like it but don't make any money out so I didn't for years rope terrible the finally a few things happened it just got me inside I realised I was playing a game I was Doing this to get people's love I was lowering my standards for how I want to live life and what I want to contribute a life to try and get people around

me to approve under the time when I got mad for salad I said next level and I kicked it in gear and then what really pushed me over the edge though was making it a must with a leverage of my son I caught myself up to 38 thousand a year and guess what I'd had all this pain he was doing okay wasn't great so what happened Was really intense pain I had this Drive soon as I got near forty thousand a year gosh I was only 23 the bottom line is I went out there and

did it my son comes along Wham million dollars and guess what I stated a million dollars the next five years right away I found the way to spend a million dollars I went from living 3,000 a year living in a foreign square-foot bachelor apartment and I made a huge move man I grew around hold on my psychology and I went for it I had a choice to move from Venice to Marina del Rey it's across one street if you've ever lived there but it's a totally different identity anybody know what I'm talking about here to

psychologies and divide it by one's tree and there's a big difference in what you pay to be an achiever isn't there you got to pay for significance I was living a Marina del Rey and I'm building a Business yep yep Robins Research Institute I sat there in this little room and said I gotta create a name for this company I got an ikemen a sounds really big all right Institute that sounds big and what am I gonna research everything that works Robins Research Institute so I had our little room right it wasn't big enough to

have an office and have a bed so I thought which one will get me further so I took the office I have this desk and I had Robins Research Institute it was an answer phone right and I had one stereo to help change my steak because I was kind of depressed at times because I didn't really feel like I was quite pulling it off 100% and I had a track player never those and got a word just sleep I hung from one into the room in the corner to the other a hammock and why put

it was a futon so it was solid and that was my bed so I could gone under it and do my work and build my company That's how I started I moved from there to the castle I moved from six hundred twenty five dollars a month to sixteen thousand dollars a month one month I went down and I was building my business and I got some partners and I lived in San Diego and I said I can't build for myself I need your help I said on the best communicator ever gonna find I'm humble about

it I said I am I will I will in my lifetime touch more people than any Human being you're gonna meet in terms of actually helping him to change the quality of life it is my destiny and I will do it and there'll be plenty of money but I'm happy to split it with you I need people do the resources I'm on a mission I need somebody handle the finances I need somebody who's happy to do that that's what they do they said done deal we want your program you're unbelievable my momentum was growing in

the culture So that I made a million dollars a year but I never saw a person a great lifestyle was my mage all mr. Robbins I love your jacuzzi rooms great love your workout room I was never there I wasn't like I was out spending millions of dollars I was gone but it costs the million dollars at Ana and I stayed there for five years and after five years I thought I'm working harder than I ever have and all the more people I've ever helped They don't remember Ben everybody else is making more money at

my company I'm not earning it buy more why answer earning more than a million dollars a year what's the matter with you what are you greedy there's someone hunt your spirit why'd you have more than a million dollars a year and my brain went is it possible earn more than that it's a possible add more value and this is a spiritual game about create whatever you want and you Went from 38 thousand or a million in a year you should at least go from 1 2 3 is about how do they do it and that

was a secret I figured out what got me to make it a must and what it was was nothing more than something else I cared more about them myself I was my son so what's that for me now and I said I'd like to be responsible for heating every homeless person who needs a meal in all of North County of San Diego as a man named brother Ben on An amazing amazing man there and went met him and I thought I want to be able to pay for a quarter of that so that when I

eat every night I know that every soul in this county of this city can eat because of my good works I set that goal I figure out what to take out thereafter and three million dollars be all for to do that and still have more for my family I made three million dollars the next year but I stayed that way for about Four and a half five years and a few years ago I said I think about what I really want my desk thing about what I want to contribute to the world to society and

I figured out a really crystal clear vision that I have now I know exactly what I'll do over the next 16 years of my life after that things will change my hell precisely where I'm gonna do where I'm gonna go I know what it takes to now make between seven and ten million dollars a year Personally I which by the way ten percent of it comes from some of this whole company all that I do here and yet this is 80 percent of my time not a brilliant decision financially but an unbelievably rewarding decision emotionally

[Music] [Music] okay so you're a little my story and hopefully it gets you to relate I mean I really did start out just as a janitor I Really started out with zero and just as I became a bun in other areas I became a bun in this area because the secret is psychology now one of the psychological barriers to becoming wealthy is the belief the limiting belief that I have nothing to start with you know I have no vehicle I don't have my own business I can never achieve this well let me tell you that

that comes from not understanding one simple principle but I know you've heard about but you know There are a lot of things in life we know intellectually or we've heard about but we don't own it emotionally so it doesn't benefit us and one of those is the power of compounding now when Einstein talked about all the principles in the universe that were astounding one of them he described was compounding but if a man really understood this his fascination would be beyond almost anything else he could imagine because here's a chance for you to start out

With almost nothing and you can be a full time person employed by someone else and still be wealthy you don't have to be Bill Gates you can invest in Bill Gates but you can do it with tiny amounts of money that allow you to take his talent and ride piggyback on Bill Gates or in Steve Case of AOL Time Warner or Villena Zynga a blockbuster you don't even have to have unique ideas you have to become an investor because if you invest in those people who have The genius to build companies as an example your

wealth can grow beyond your wildest imagination even if you're not a great investor you can do it if you understand compounding here's what it is when you invest money and then you don't spend it money that is continuously reinvested compounds on top of itself and in the beginning it grows very slowly and eventually has explosive growth beyond anything you could earn even if you're a top athlete or Businessperson let me give you an example by giving a metaphor I just took up the game of golf I swore I would never do this it's too slow

it's an old man's game and I knew I'd get addicted to it as the truth and that's so challenging it's such a mental game but if you and I went up to my golf and most people bet on holes and and I walk up to you to say you know why don't we bet just ten cents a hole just to make it fun Probably go you know even if I'm a good player not the buddy-buddy say okay so you know what as we get close to hitting the first ball same why don't we double it

each hole you know just ten sets the first hole twenty separate second hole forty cents you know third hole you said okay I'll make it more interesting you just made a big bet you better be good at golf let me tell you why let's walk to it for a second the first holes for the dime Second orders with twenty cents third holes worth forty cents fourth holes worth eighty cents fifth holes a dollar sixty six follows three dollars and twenty cents now if you play golf you know there's only 18 holes so we're six holes

into it we're a third the way into it it's only three bucks so what's the most it could cost is probably twelve dollars right well let's continue if the sixth hole is three dollars and Twenty cents and we double it and the seventh hole is six dollars and forty cents the eighth hole is $12.80 the ninth hole is twenty-five dollars and sixty cents now they're eighteen holes were halfway there are we a little higher than you pictured in your mind when we started yeah but you don't know what's the worst 100 bucks 50 bucks 75

bucks oh no the 10th hole is 50 120 the 11th all is 102 dollars and 40 cents the 12th Hole is 204 what 80 come on you can follow us in your head the 13th hole is four hundred nine dollars and sixty cents the 14th hole is eight hundred nineteen dollars and twenty cents the 15th hole is sixteen hundred dollars 1638 dollars and forty cents to be exact you know it is on the 18th hole thirteen thousand one hundred and seven dollars and twenty cents we go from a thousand to thirteen thousand three holes now

if I could show you this on a graph if I Was with you visually I could show you investing on a graph it's ten cents 20 cents if you went across horizontally it looks like the grass is growing it's so slow but when you get to about the 15th hole it starts to explode off the charts we're instead of seeing grass you see mountains showing up on the graph and what happens is it grows geometrically so what happens for most people's they start investing and they say oh it's such a small amount I'm only getting

ten Or twelve percent or even 20 percent but it means nothing you know I'm not making enough money out I'm only starting out with you know a hundred dollars a month let me give you a reality check if you just put away five dollars de fire dollars you spend another stuff that's $150 a month and you invested that at a 15% annual return you didn't take out your profit in other words when you made a return you reinvested it and you do that for 30 years you say 30 Years is a long time of course

it is you talk about hundred fifty bucks a month you're never gonna notice it 150 bucks 20 years and now is nothing right think about it so if you did that for 30 years that's worth a million 51,000 dollars yet another 10 years guess what that's still worth now now it's worth four point seven million dollars now obviously you could invest more than $150 a month if you were committed so you say what if I could save a lot what If I could go and do something like $250 a month well $250 a month to

give you an ideas were seven point eight million dollars and that same 40 year period of time so that's the power of compounding if you're starting with nothing you can make this happen let's go back to the example in golf number I said it's worth $13,000 on the 18th hole well remember on the 15th hole it's only worth $1,600 there's a big difference tree in 1600 and 13,000 what have you waited three Holes to start what have you said I got time I don't that much money you know I get a little more money they

don't start betting dimes all the way to the third hole to start doing it then the most you can make is sixteen hundred dollars instead of thirteen thousand the lesson I want you to get is no matter how little you're starting with you must get started now I don't care what it is you've got to put that money aside and you've got to make sure you invest it I'll give you one more good example if you want to make sure you can take care of your child's education all you'd have to do even when today's

sky-high prices for traditional education is put away $100 a month beginning at your child's birth and if you just reinvest that at a fifteen percent rate of return which many people today are looking at returns as you well know of 40 50 60 percent or more but if you kept it at fifteen as the average through the years then you'd Have a hundred and ten thousand dollars by the time your child turns nineteen now if you don't ever add another dime you don't keep adding I don't know a month you don't add anything and just

keep reinvesting it if they don't touch that money like you put it in trust by the time they reach age 50 they'd have nine point six million dollars from that hundred hours a month you did till they were 19 think about that by the time they're sixty they'd Have thirty nine point two million dollars and sixty is young if you want to wait till 70 to touch it they'd have a hundred and fifty-eight million dollars now you say well you know 50 60 70 I don't know that's old well you know many of you listening

are older than that but I want to tell you something a woman today who reaches the age of 50 can expect to see her 92nd birthday if you reach the age of 50 without cancer without a heart disease You're gonna live to be 92 that's what the statistics say man that's not as good for you I'll just leave it at that in contemporary America 8 and 10 people now sail past their 65th birthday that's an amazing statistic now especially when you realize that in 1900 the year 1900 the average life expectancy for an American was

47 point 3 years old 47 in 1998 the average life expectancy was seventy six point six years we virtually doubled the life expectancy of a human Being in one century now that was before we had the kind of technology we have today where we're decoding our entire DNA as a species I mean if you think about that and you think about where we're going our life expectancy will explode beyond what it is now so the question is not whether you're gonna live a long time at least not if you're gonna practice what you've learned in

this program but also what are you gonna do when you get there what are you gonna Do enjoy your life and how are you gonna support yourself so handling your finances is so critical and compounding is the ticket and don't kid yourself and say you have no money if you say well you know I have so little money all take ten percent invest later on you're wrong if you're not willing to take a dime out of a dollar you're not gonna take a hundred thousand out of a million it won't happen and so the question

people always ask is well where do I Start and the answer is you must start with a minimum of 10% of what you earn being invested and not touching it reinvesting and compounding it I've never met a person when you go to a wealth mastery program we help you figure out exactly where you are today financially because most people don't really know and we have to describe exactly what you want to do at many levels short term mid term long term and we have you to come up with your Ultimate dreams and you'll find out

your dreams are possible they're totally achievable and we run a computer program we keep changing until we come up with examples that are incredibly conservative and you know you can achieve them and all the years that I've done this for anyone that I've talked to when they're starting from zero in the whole or ahead saving 10% reinvested can achieve their goals in 10 to 14 years it's Extraordinary because the power of compounding in the beginning you know this will never happen it's like the ten cents a hole then all a sudden bam bam bam you

have this huge growth I give you another example I was reading in People magazine about a man named Ted Johnson he was an african-american UPS delivery man he grew up in the south and he just recently passed away in his 90s so you can imagine in the south when he was Growing up in his youth it wasn't exactly treated as an equal and so he didn't seem to have the same economic opportunity that most people would have in his entire life he never made more than $30,000 a year but when he died through the power

of compounding he left a legacy of more than seventy million dollars seventy million dollars and by the way he gave away 36 million dollars of that money while he was alive it gave him such joy you're going I'm Gonna work for the UPS no it's not the UPS if they took his money sin aside he compounded he didn't touch it and now he's left us legacy for his family and for his friends and from the city grew up in he was so thrilled in his passing because he lived a full life into his 90s he

loved his life he had a great lifestyle but he also created incredible abundance for the people around him he now has a legacy that Lives beyond him this is the power of compounding you must get started today you say how do I do that Tony here's how decide today a percentage of what you earn you're gonna say to go yeah but I spend everything I've got and all my bills make your bills weight pay yourself first member we said you got to give time to yourself first you got to invest in yourself first above everything

else so you'll always be running a bay bill collectors and I'll Tell you the secret to how to do this don't ever see the money we mean don't ever see the money I mean go to Charles Schwab go to your bank and say I want you to duck 10% of my paycheck before I ever see it and put it in a money market account the money market account if you're not familiar with it it's very simple like a savings account but it gives you more flexibility a little better return and anyone can advise you on

it but it's very simple and you put It there for holding purposes while you decide where to invest your money but you don't ever see it if it's in your bank account you will spend it if it's in your investment account and it can't be used for anything else you won't spend it does that make sense you can do that today they have these automatic withdrawal processes they're available to all kinds of companies do it today now you might say okay I understand the emotion of This I got to start by really mastering this I

understand a little bit about how you've changed and other people have changed I understand this compounding I mean I this is pretty simple I've heard of it but I'm getting associated to its value and I'm willing to use it let's say I've set aside 10% I've set aside for my year a thousand dollars or ten thousand dollars or a hundred thousand dollars whatever it is where do I put it whew that is the million dollar question And I'm not talking to me just filled in here I'm talking to the real question how do you really

make a million dollars you want to be a millionaire answer this question where do you put the money well first of all you have to understand what the best investment you can make is hey let's go back to the seminar just so you can be with the people stocks are the fastest way traditionally for someone to be able to grow their critical mass they also provide a great deal of flexibility Why if you want to get out of a piece of real estate how fast can you do that who knows you want to get out

of the stock if you made a mistake and you do need to get out of stock can you yes or no absolutely give you an idea since World War two the finest investment you can make through time has been what then stocks they've delivered nearly a twelve percent rate of compound return for nearly 50 years is that a pretty good track record half a century what has Happened the last half century recessions wars famines I mean you name it the world has changed more in last 50 years and probably any time in human history so

it gives you an idea of all the value structure so I gave an example here Rip Van Winkle in The Wall Street wizard yep at the end of 1927 a modern Rip Van Winkle are gone to sleep for 60 years on $20,000 worth of corporate bonds paying five percent compounded which is what they've averaged he would Have wakened with three hundred seventy three thousand five hundred eighty four dollars enough for him to afford a nice Khandelwal dallona haircut we're asked to be invested in stocks which returned 9.8 percent per year during that time he'd have

five million four and fifty-nine in seven and twenty since rip was asleep neither the crash of 29 nor the ripple of 87 would have scared him out of the market now by the way how much money That people lose in 1987 and a stock market crash the United States how much do they lose nothing unless they what sold those people got seduced in here went oh my god the sky is falling sold down here and by the way to the market return how quickly staggering less than a year officers exploded back up forwards and now

so if you didn't sell you know lose anything in fact more people made money on that day than any day in decades my friend I told you man A half a billion dollars that day because one buddy else was freaking out he was looking at companies going they're worth so much more than what there's something so important yes instantaneously so give me an example so let me show you why companies are glowing companies or one of the most unbelievable investments you can imagine Walmart in 1974 Walmart had 78 stores Kmart had 1326 and Sears at

850 one the combined equity market value of Sears And Kmart was 65 times that of Walmart now before you look at the next thing gonna give you a little clue all the analysts at that time who were evaluating looked at the resources that Sam Walton had and his current growth rate mr. Lee done and this is the guy's maxed out what they didn't look at was his ultimate resource which is Sam Walton's ability to innovate and model he spent two days a week going to other people's stores Molly what other people Did he was now

I have no shyness about anything they didn't work they weren't dead they did not evaluate his ability to motivate his employees to give their all and create a relationship with customers that had never been seen in that environment at that price point before and as a result Walton has done something Walmart that's just a great give me a perspective in 1989 the market value of Walmart was twenty four billion three times Kmart and two times Sears in 1996 that market value Walmart was 51 billion $100 investment of Walmart in 1974 never adding another was worth

$23,000 by the end of 1989 and by now it's worth $42,000 a hundred bucks worth 42 grand never adding another penny is that staggering okay so this is 911 that was a one-time underdog investment if you did $100 a month can you imagine what the compounding of that would have been beyond your imagination there's another one Disney the market Value Disney in 1984 was 2.1 billion today it's 43 6 billion that's actually old that's changed as they bought cap cities when $100 investment in 1974 is worth 6,000 today $100 a month you look to the

right they're invested every quarter in 1974 be worth four hundred and thirty seven thousand dollars today just give me a perspective and then Subaru and u2 bought in the early days of Subaru feeling about stock rather it sold for $2 it then went up to one Hundred and sixty-seven dollars 33 bagger that's if you bought a six thousand dollars with a stock on Subaru starting 1967 I hung onto in Seoul at its peak your 6,000 would have left view with a million dollars instead of a rusty old car same price of the car if you

bought the stock to be a millionaire how many of all this is the place you want to have a significant amount of your assets now I've made a big point here to talk about how stocks overall Through time have been the best investment to make but obviously your individual decisions are gonna shape that and if you know so much more about real estate or your own business or any aspect of investing then that's obviously where you're gonna want to spend a good deal of your time whatever you invest in you've got to understand it and

of course there are many choices and I'll tell you something else often people say well that's true when stocks Are going up but what about when the economy goes down what happens when we go in a bear market well the truth of the matter is you can make money in any market and if things are going down more people became wealthy during the American depression than any time in the US history I can tell you for example in the recession we had many years ago here in the United States I remember a lot of people

were freaking out but if you've managed yourself well a recession is a Great place I remember one of my son's was very concerned because he thought oh my gosh you know there's this big boom in stocks it looks like it's over and I'll never be able to participate in the victory again I'll never have that big victory that big achievement but the truth of the matter is he was looking at the high prices of homes at that time in various parts of the country and high price of automobiles and I said listen let me Tell

you a story you know during the last recession I remember I wanted to buy a car was an 850 I BMW I remember it would just come out and the sticker price honor I think was around eighty or ninety thousand dollars but the price to get one in California when they first came out there was such a waiting list it was a hundred and ten thousand dollars people are buying the cars and then reselling them and marking them up and I thought this is insane I'm not Gonna spend this kind of money for a car

literally less than 60 days after these cars were so hot and everybody wanted them the recession came all of a sudden the economy tightened for the short term and those same cars were just sitting in the lot no one was buying them I eventually got that car for just above forty thousand dollars now this is two months later so when you start looking around thinking you know real estate in the northeast of the United States it's Exploding exploding exploding you'll never go down trust me there are always adjustments and you can win no matter what

if you got a lot of cash during that time because you've handled your finances properly you can do extremely well in your lifestyle so yes take advantage of whatever the economy offers you don't operate out of fear that you can only do well in a great economy a great economy is one you're prepared for all right let's recap what did we learn Financial abundance comes from an abundant psychology you've got to be willing to take risks you got to put yourself on the line but they don't have to be huge risks you don't have to

be an entrepreneur to be healthy but you do need to become an investor if you become an investor you can become wealthy beyond anything you could earn in your job because there is so much you can earn by yourself but compounding is unmatched in its power and we've learned The power of compounding we've learned that of all the investments we can make the one investment that traditionally is brought back the greatest return is investment in companies that are growing that are expanding and so we understand that the stock market has been one of those primary

investments not the only one so we know we've got to take 10% of what we aren't invested the question is okay let's say I've committed to this and I got Charles Schwab or somebody to Deduct 10 percent of my money where do I put it well let me just tell you this you're gonna screw up you're gonna put it in the wrong places you're gonna invest in companies that are going high flyers and they're gonna be cut in half overnight it's gonna happen you're gonna buy B's a real estate and then the markets gonna crash

this is going to occur I don't care how good you are the greatest investors in the world screw up I work personally with one of the top Financial traders in the world I worked with him now for six years now this guy pays me a million dollars a year plus to coach him because I get a percentage of his profits anyway I turn around I help him create a system and part of what I did with him is focus on where he was putting his money asset allocation I learned this from Sir John Templeton a

different investor probably one of the greatest investors in history Sir John was one of The first international investors way before you ever heard of somebody like Warren Buffett or Peter Lynch there was Sir John and Sir John is a genius and I went with him I sat down with the one time and I said what is the secret to investing he said do it listen that's pretty simple he said but also tell you this Tony everyone makes mistakes you knew the man I worked with he said he's not even right half the time I said

you're right he said but he has the Right asset allocation he said you're gonna be wrong a good deal of the time but the most important thing that's gonna determine your success or failure long-term more than any individuals decision you make is gonna be your philosophy towards investing when he taught me was you got to think of your money as having three buckets so let's say for example you're saving 10% a year and if you made $100,000 to keep the numbers simple that means you have $10,000 you're gonna need to put a percentage of that

in a bucket we call the security bucket a percentage of that in a bucket we call the growth bucket and then any profits you make you're gonna split up into the third bucket also which is your dream bucket dream goals and I'll walk you through each of these so for example if you made $10,000 a year and you save 10% you'd have $1,000 you might put 50% of that in your security bucket $500 50% of that in your growth bucket or if you made $100,000 you save 10% 5,000 might go in security 5,000 might going

to growth the percentage you're gonna split isn't necessarily 50/50 let me explain the buckets and their purpose and then you can decide your percentage and you need to decide this in advance not here about high flying stocking I put all my money into that because there's gonna find something that flies real high can fall Real quick and if it does you've lost everything you've got because you didn't do what we call asset allocation you didn't allocate your assets your money in a way that guaranteed long term success so he said here's how you understand it

Tony think of the first bucket as being like the highest bucket he said you're gonna take a percentage of your money no matter what and you're gonna always put in the security bucket first now what goes in the security Bucket are investments that are by nature very secure they're not very risky since they're not risky they also don't give a really large rate of return because in life and investing the greater the risk the greater the potential return there's also the greater potential loss less risk less return they just go together he said that's not

bad though that's important if you understand the power of compounding the money you put in there Can get you your goal long term and it look like it's growing at the speed of grass but he said truthfully it'll get you where you want to go so the kinds of things that fit in this are fixed income investments now if you're not familiar with that term a fixed income investment is for example like a Treasury bill or a money market account a municipal bond or corporate bond what a bond is is you give your money to

somebody you loan it to them and they give you a bond they Give you an agreement that says I will pay this back and I will pay you 5% 6% 7% 8% on your money so I'll pay you all your money plus I'll guarantee you a seven or eight percent return as an example that's called a fixed income investment because it's guaranteed but it also limits the return you can get it's fixed it can't get any higher than the 8% it can't go any lower than the 8% as an example does that make sense these

are secure Investments your insurance policy where you're building a policy value that you can borrow back later that goes in your security bargain the home you live in you're probably not trying to sell that home you're really just living in that home you want to hang on to that home you don't want to sell it and use that money to eat on so this is something that you're using purely to have security in your life I said won't you put money in the security bucket you Don't touch it you don't take it out until it's

time to retire you leave it alone and even though it looks like it's growing slowly you'll be surprised before you know it you'll be the UPS guy now the second bucket is the growth bucket so in the growth bucket this is where you put a percentage of your income and this is where you're investing in things that have the potential to grow and give you a much greater rate of return so in this Area the reason you don't put all your money in this bucket is it's more risky because it's more risky again you have

the potential for more growth so what fits your growth bucket mutual funds collectibles real estate art you know any form of securities or stocks you know if you're a momentum trader if you're a sophisticated investor this is where your options you put your calls your indexes where all this goes now no matter what how high things go up they Will have a time when they get corrected it'll be the market whether it be art whether it be real estate there's always a correction so things don't go up forever they may over the long term but

they're gonna be times when they change so if you'd invested in real estate they are thinking oh my god it's guaranteed for years and years it's gone up up up and you put all your money in it you would lose all your money you'd have nothing to show for it you'd be starting A billion over on the other hand if you don't put any money in your growth bucket you don't get to grow more rapidly you don't take advantage of the chance to grow two to five times the speed that your security bucket will grow

so here's the secret you figure out a percentage that goes into security a percentage that goes into growth a common percentage for most people is 70/30 or 60/40 in other words if you're older if you make a mistake you're in Deep trouble right so you're gonna have to put more money in security even though it grows more slowly just to be safe if you're a young buck and you're just starting out you can afford to make a few mistakes and start over still so you might be a more aggressive you might be 50 50 some

people have been 40 securities 60 on the growth side I really wouldn't go 30 70 unless you're real young and got time right the money you have is money in Your throw away the point is whatever number you come up with that's what you stick with so if that money is ten thousand dollars you're gonna invest and you're at sixty forty six thousand go security four goes into growth can be already can be real estate whatever you want you know if it was seventy thirty then the obvious is seven thousand security three and a growth

if you're really aggressive and it was three thousand and security and seven and Growth but whatever the percentage is don't let the moment grab you because the moment see oh my god this is amazing I'm tending to put all my money into it is what bites you I've taught this principle and it's probably the least sexy and the most important principle I could teach you because I see this with the guys that make half a billion dollars a day they forget their asset allocation they put all their money into something they lose And it's over

and they call me up with a gut check and they say I lost a hundred million dollars this morning I mean that'll get your attention that's because the asset allocation wasn't there I'll give you one example it may be even more relatable I remember years ago probably twelve thirteen years ago I had a woman who came to one of my seminars and I explained this asset allocation this bucket theory and by the way I'm gonna explain the third bucket If you're going wait a second he forgot that I didn't forget it I'm gonna get there

just stay with me a moment don't let your mind wander no I explained this asset allocation theory right the bucket theory as woman stands up she raised her hand she goes listen mr. Robbins I am a builder I'm making our average of a hundred percent of my money I'm building homes right and left she was building him in Northern California during a great building boom and she says I can't Afford to put my money in someplace where I'm gonna get 5 6 7 8 percent that's total waste of my money I'm gonna make a 90

percent and I said listen please listen to me I don't care how successful you are there's a time when things change and if all your money's in one basket right one bucket I said you really can't afford to do this take a percentage out even if you're gonna be aggressive take 30% out put in that security bucket so if it all goes boom You're still set well PS ten years later twelve years later she comes to a seminar probably a decade later same lady I go through the same instruction true story she stands up and

she said I just want to give a little testimony I didn't recognize her frankly she said I came this program almost 10 years ago whatever it was 11 years ago and she said Mr Robbins walked through the same description and I thought it was so hot this is so overly simplistic And I already make a hundred percent you know on my money I make in a hundred every three months and I thought he was just you know he's being overly secure overly protective not enough a risk taker and she says I gotta tell you something

the bottom tunnel the market so fast and made my head spin I had all this real estates I had my money in and I couldn't liquidate it and I lost everything I went bankrupt because I didn't practice This principle she said I'm here to start over and I'm here to make sure that I practice these principles to get what I deserve I know I can rebuild it but it's so painful to do it I follow the second million is easier than the first million my dear somebody in the room said well then I'm gonna start

on my second million so the bottom line though is you've got to practice this there's no way around it as the location is everything and when You're talking to John Templeton or Peter Lynch or on Buffett they understand this you gotta understand it too they might say we B you said there were three buckets that dream bucket what's that for well here's what's neat if you don't reinforce yourself emotionally for making investments if you just put it all aside and wait till you're 50 or 60 or 70 to touch it it's not gonna reinforcing except

to see the numbers growing in your bank account so You got to find some joy and so one of the ways you can do this and still compound rapidly is to do the following once you put money in your security bucket what do you do you don't touch it leave it when you put in your growth bucket and you got a big hit right a company you invested in goes crazy invest in Yahoo and it goes up five thousand percent I don't know and you get this huge hit you take your profits it's like gambling

you know if you stay At the table too long you know what's gonna happen they're gonna win so you take some your profits off the table and the figure I use for most people is you take a third of those profits and you put them in your security bucket why now that money is protected you get to keep it not only that but now you're gonna grow much more rapidly you're gonna compound a larger sum of money in that security bucket and you're guaranteeing your and achieve your financial goals Long term even if all goes

boom on the other hand well if it all goes boom I guess really literally boom then I don't think anybody's gonna be worried about money but you know what I mean figuratively now you take a third of that money and you put it back you reinvest it into growth what are you last third put it in your dream bucket put it in that bucket we were saving money to buy that condominium you say well condominiums And investment yeah maybe but the truth of the matter is if you're doing it just for fun yeah that's kind

of an investment but it's really more of a dream right on a better example is to buy the island I bought an island let me tell you something once you put money in your first two buckets don't touch it - you make profit because if you start pretending your island as an investment I Got News for you it'll drain your security bucket your growth bucket and Everything else or if you buy a boat that is definitely not investment a boat is a hole in the water that sucks money right I mean it's like or you

buy a bunch of horses I got seven horses as I played polo let me just tell you something somebody said a long time ago anything that eats while you sleep is not a good investment I am you can't there waste in your mind there suck it out so those are dreams so once you put money in your Security and growth you don't touch them to make a profit you only take profits out of the growth bucket you take a third of it put in your dream bucket and enjoy it if your dream bucket requires more

money than that don't make that dream a reality yet it's gonna drain your life does that make sense anybody got different levels of dream from an outfit to a little boat to a big boat to a condominium to you know a Sports team to an island whatever it is you really want your life you should have a way to start building towards that and compounding towards that as well separate from everything else does that make sense so let's just recap real quickly the most important investment decision you're ever going to make is your philosophy towards

investing called asset allocation you must decide today I know whatever money you're gonna side to invest whether it's a hundred dollars Or a million dollars a percentage of it's gonna go in a security bucket a percentage is gonna go and growth decide right now what that should be now if you're risk adverse like you know you don't like losing money then you better put more of in the security bucket if you're more of a person's willing to take risks and it's a gut check for you but you do it anyway and you're young enough to

take it then maybe you put a little more in the growth bucket a Little less in the security bucket but everyone must put a substantial amount of security bucket to guarantee your long-term success and to insulate yourself from failure from the things you cannot control called the market whether it be the real estate market the art market the market for your business the market for stocks you've got to make sure that you have a way to guarantee your success if nothing else on this tape grabbed you but understanding that Getting started now is a must

going out and getting 10% deducted so you can't touch it and making sure you use this form of asset allocation then this table is well worth it and can make the difference trade whether you succeed or fail financially it's that important so decide right now what your percentage is make a decision and write it down so the next time somebody says I got this great investment you go you know what can't make it right now cuz I got to put This much of my security bucket first or I can do a smaller amount of that

I'd love to do more but I got to do a smaller amount cuz I got to be smart long term not get seduced by the short term this is the difference between someone who becomes wealthy and someone who is struggling so if it's really this simple why don't more people become wealthy well really I'm gonna give you 12 reasons There isn't just one there's lots of them they're actually pretty simple and as I described these twelve reasons why people fail to become wealthy with each one you should think about doing the opposite and you have

basically twelve simple steps to becoming wealthy the first reason people never become wealthy is they never clearly define what wealth means to them see if you go to our wealth mastery program you're gonna find that you might be sitting next to Somebody who's worth 100 million dollars you might be sitting with someone on the other side of you that's whose net worth is minus ten thousand dollars I mean we literally have that diverse a group that comes to the program people that are totally sophisticated and unsophisticated because the principles are the same what's interesting though

is most people never define what it takes for them to feel wealthy to feel abundant see one of these we do in those Seminars have you defined precisely what it would take for you to feel secure as an example for most people if you ask them what would it take me to be financially secure they can't tell you they go a million dollars ten million dollars but it's random they've never taken the time to really define it so for example if I told you there was a way to be able to pay for the following

things without ever having to work again as long as you live how would you feel If you knew for the rest of your life all of your housing be paid for all your utilities gas electric etc all your car costs automobile travel costs all of your food costs all of your insurance costs and all your taxes if all those were paid for the rest of your life and you never had to work for it how would that feel would that be unbelievable and for most people that amount of money is so small it'd blow you

away they think in terms of ten million Dollars 100 million dollars a million dollars when the truth is for most people all you have to do is be able to generate enough money to cover 30 or 40 thousand dollars a year max maybe 50 now for some people it's 100 200 it's all relative but the point matter is whatever you think the number is it's so much smaller than you can imagine now that may not be your ultimate goal but the point is you have to define wealth of different levels otherwise You'll never get started

the second reason people never become wealthy is they make it a moving target they say okay I need you know a hundred thousand dollars then they get it they go I need ten thousand dollars I need a hundred thousand they get that many say I need a million there's any ten milli I mean 200 billion and what happens is they never win the game of life they never get to ring the bell and say I won that doesn't mean you don't Keep accumulating or achieving or expanding but you never feel like a winner because you're

always moving the target so you always feel like you're losing no one wants to play a game or the minute you shoot the ball they move the target you got to be able to win third they define it in ways that make it feel impossible to achieve if you're thinking you need ten million dollars and you don't make more than $50,000 a year that sounds pretty impossible Doesn't it but the truth of the matter is you probably don't need ten million dollars to achieve the lifestyle you deserve that's why you gotta define it and go

through this process for because they make it so big they don't believe they can ever achieve it so they never even start five they never make it an absolute must to be wealthy to be abundant see for most people it's a should and I just got to tell you everybody gets what they must have not What they should have I said this before right now you're earning exactly what you must earn not a dime more I know your goals are higher but your goals are shoulds we get what we have to have is the nature

of human beings if you have to be in a quality relationship you will find it if you should or you'd like to you're in one if it's convenient if it shows up that's true of any area of your life so you've got to make it a must to be abundant to be wealthy to have more Than enough six reason people fail become wealthy they don't have a realistic plan now again if you come to wealth mastery you can put together a plan that's very real very realistic conservative for that matter and still know you can

achieve it because using the power of compounding and asset allocation can produce results you never thought were possible for but you gotta have a plan and I'll tell you the next one number seven is some people actually Get a plan which is very few people but then they fail to follow through you don't follow through obviously it's not gonna work that's why you want to make sure you can't help but follow through get that ten percent taken right out of your paycheck before you see it number eight they tend to fail because they listen to

experts and give experts the responsibility make things work rather than making themselves responsible so you got to Realize something no matter how great a person is you work with no one's gonna care about your money as much as you do nobody and you can't afford to have someone else be the expert and then wake up one day and say what happened that happened to Elton John Billy Joel - kareem abdul-jabbar there's some famous names for the past I mean all these people got nailed because they gave all their money to someone else to watch and

they just Did their music or did their play did their basketball this is so common you don't have to be rich and famous to make this mistake you got to look at people for coaching advice but you've got to understand it before you make an investment if you don't understand it don't invest because in the end if you make a mistake then you can learn from if someone else made the mistake all you learn is you're an idiot you trusted somebody else and you're paying the Price that's not the way to learn by the way

I learned this way do that's well I know about how dumb this is number nine they give up when they face major financial challenges I'll tell you something more than anything else one of the reasons I'm wealthy today is because I've been through so many times when I should have quit when it looked like there was no way to turn around but I wouldn't give up I got a chance to talk with Ted Turner recently right after the Announcement of the merger between AOL and Time Warner that day he had made three billion dollars billion

in that day now it was only 12 years earlier than he made his first billion the next day by the way he lost a billion and a half because the stock price changed so this is an interesting thing that happens I've experienced this myself I've looked at my stock one day oh my god I made fifty million dollars today oh my god I lost 25 million dollars if You did that you're crazy it's all on paper plus you know I asked him it's that much why'd you spend this week he said well actually all I

spent this week was 257 cents on an egg mcmuffin meanwhile I made three billion he goes I guess I got some abundance you know but one of the interesting things he told me was he said the secret to his wealth is that all the bad times he made it through where everyone told him to give up and he wouldn't he said I gotta tell You Tony there was just few years ago wasn't that long ago where like we had the executives in our company at CNN well we told him they couldn't cash their checks he

said we didn't tell that to the rank-and-file because we merely to freak out but we took the executive said you gotta hang on to these things for two weeks he said even then we paid people you know dirt cheap to keep this thing going and grow and get it where we needed to be he said I gotta tell you Man I'm here today because of the losses I've been able to absorb he said when I took over the super station in Atlanta lost nine hundred million dollars nine hundred million almost a billion dollars and I

found a way to hang on that's why I was able to make three billion dollars in a day 20 years late that's how you make it happen he said I lost a million dollars in an hour on a TV show these are the Goodwill Games he said we saved the world but we lost millions of Dollars you know Ted's real quiet and gentle in his approach right but the point of the matter is he said that's what it takes the people that succeed are not the ones that never failed they're the ones that fell down

and jump back up as fast as humanly possible and that's what you've got to do here's the tenth reason why most people fail to become wealthy they fail to think about their life and to conduct their life like it's a business where they have to Have a prop at the end of each year if you conducted your life like a business most people will be bankrupt would you be willing to go run a business year after year after year after year where at the end of year you had nothing or you were in the hole

but do you see you'd say get rid of this business well this is your life your personal life must be conducted so it's a business so at the end of the year you say okay I work for a whole year of my life and Here is my profit that I'm building a new future out of you must change your mindset because otherwise you'll accept losses each year you'll accept breaking even is okay and time is passing you by you got to change your mindset if you haven't already created that your life is your business and

finally our last two number eleven they allow other people's pessimism or other people's optimism to affect their intelligent implementation of their plan listen guys Like Ted Turner guys like Donald Trump these are people that go against the grain Donald Trump became wealthy initially because he bought real estate in New York when every other developer was fleeing the city when they thought the city was gonna go bankrupt so not only did he buy things dirt cheap because everybody else was pessimistic but he got the government there the city government to give him I believe a hundred

million dollars in tax credits You can't do that normally except when people are totally pessimistic people are wealthy go against the grain they do not allow other people to control their thought process if you become one of the crowd you're gonna get slaughtered you've got to think on your own and finally 12 they never get quality coaching no an island listen I work with is worth billions of dollars and he hires me to coach him and pays me a fortune to do it Because he needs a fresh point of view he needs somebody looks at

it from a totally different perspective so if you want to be wealthy you got to do the opposite of these twelve things you got to first define what is wealth for you how much is it gonna take secondly Rock that definition in place don't keep raising the bar continuously you can raise the bar for what you enjoy but know when I hit this number I'm financially secure I'm financially free Third make sure you define it and you create a plan that you believe is achievable that's third and fourth fifth make it a must for you

write down a paragraph why you must be wealthy you must have abundance wanted to do for you your family know why you'd like to be why you have to be six get that plan seven make sure you follow through on that plan a minute you have a plan do something towards its attainment the first thing I do when you end this tape As I call Schwab I'd call my bank I call whoever I do business with and say to duck ten percent he didn't ever don't know where I'm gonna put it yet put in the

money market holds it there while I decide where to invest it eight make yourself responsible for what shows up don't just trust the experts let them coach you but don't give them the responsibility nine do not give up when the going gets tough right most people are tested when you're 5 feet from the Goal that's the most people give up you got to keep pushing and you will get there 10 do the opposite everybody else make your life a business they I'm gonna have a profit damn that you're financially personally 11 don't let other people's

emotions control you they're pessimistic you still think it through they're optimistic don't run and do it think it through make sure you understand what you're doing and make sure no matter how often mystic or Pessimistic they are don't vary your asset allocation that's what protects you and finally get good coaching a coach is so invaluable for your body for relationships for your finances for your career I really encourage you to really test out our coaches because I think you'll be thrilled and if you want to do that again I'll tell you you can call us

at one eight eight eight eight three four nine zero nine six so in summary what is this really about if you're Gonna be wealthy well to be financially wealthy all you gotta do is this spend less than you earn this is the man formula this is the only nobody wants to hear because it's so basic but it's the whole secret spend less than you earn and invest the difference and then reinvest that for compounding interest until you have an amount of money that sets you free for life that's all it takes and the only way

you're gonna spend less than you earn is if you make It a must by not having a choice and if you guarantee you're gonna reinvest it that's what you got to do put in the right asset allocation and you will win you got it that's it there's no way around it and if you can save more than 10% make yourself do it john templeton literally save 50% of what he earned when he was struggling see you gotta remember the power of compounding so what do you need to get started here's what you need to get

wealthy only four Things I'm gonna wrap this tape up number one you need time and guess what you've already got that you know everybody I talked to uses God you know if they're in the 40s god I wish I started my thirty thirty I wish I started my 20s all right they're the fifties ago I wish to start my 40s when their 60s god I wish to started my 50s if their 70s I wish you were started my sixties I mean guess what start now you got the time And time is your friend compounding the

more time you have the easier it is to win you start around 25 and you can start with a tiny amount of money and have millions you started out at 50 you're gonna have to invest a bit more because you got less time to you need compounded growth and you have that the day you make the decision to utilize it the day you start investing you've tapped in a compound growth and you don't want to wait three holes to start Investing in that golf game otherwise you cheat yourself at a giant return three you need

to make intelligent choices and you accomplish this by learning about what you're investing in and most importantly by defining your asset allocation those three buckets deciding what that percentage is today and find before you need some money but that's available it's available in your own pocket you can earn it and if you have a reason to earn more to invest You're gonna be inspired you may find a way to earn more than you ever did before and finally I'll say this about the subject you're not really wealthy unless you're abundant in all forms mental emotional

physical and spiritual and I will tell you to me money is a game and all it is is that the money can go away you could take it all away you can't take away the experiences in my life and who I've become as a man because the Purpose of a goal is not to get the goal because you got a goal then your brain goes is this all there is the purpose of a goal is what it makes of you and your pursuit of it so if you're pursuing your goals and you'd become more successful

financially you're gonna provide opportunities jobs capital for others you don't have to worry about being selfish expand financially by expanding spiritually and I also personally believe that it's really about how to Take the invisible and make it visible how do you take ideas thoughts desires and convert them to physical reality the ability to manifest seems to be be in alignment with your higher purpose and I'm sure there are people that have done that and done it in a harsh way but there are rewards without to everything you put out comes back to enfold but it's

an emotional spiritual game and I'll tell you how to be wealthy right now I asked her john templeton I said What's the secret to wealth he told me the secret to investing was asset allocation what's the secret to wealth he said Tony you know you teach it I said what I teach a lot of things he smile and he said gratitude he said think about it Tony I know a lot of people you coach they pay all this money and you know you help them in their businesses he said but the real reason they hired

you is because when you came in their life they now felt rich because They felt so happy and fulfilled besides being successful and their business are trading more effectively he said that's what they got he's how many people you know left everything but are unhappy he said they're not grateful they're not grateful with that how many people you know seem to have nothing in financial terms but they're so grateful and so they're rich gratitude is the key that unlocks the door to wealth if you can feel grateful right now remember we Talked about relationships when

he said if you can feel that love already inside of you for yourself for life for people you'll attract people of a similar level of love and intensity if you're not in scarcity the same thing happens with money same thing happens with anything so if you can be just so grateful if you can start your days with that hour of power or your thirty minutes to thrive or at least 15 minutes of fulfillment you know the game plan here where you Spend those first two three four five minutes think of all things are grateful for

you know making that circle of your friends and your family and your health and the country live in the time in history we're here and all the food on your table you didn't have to grow and just all the clothes you wear you don't so the Internet you don't have to create you know the 200 million dollar movie that was created so you could be Entertained for two hours and it cost you five bucks ten bucks I guess whatever it is these days think about it you are so fortunate I am so fortunate the more

grateful we are the moment you feel total gratitude to life to God to your friends to your family that's the moment you're rich so you never really get beyond scarcity you got to start beyond it and when you do you'll make the right decisions and when you do you'll be rich in that moment and then All it'll be is a game for you to see how much more free can you be how much more can you learn how much more can you expand how much muscle can you develop this is one of the critical areas

of life and you deserve to master it this tape is not designed to be the end all and be all if you want that come for immersion with me for four days and wealth mastery but I wanted to get you started and I hope you found it to be valuable there's some action steps you Want to take listen to the tape again if necessary but make sure you make the decision about asset allocation make sure that ten percent gets deducted and go get your plan that's the end of this session we've got one final session

which is on the power of your life purpose discovering why you're here in the end it's the most important issue of all please join me for our final session till then enjoy your life master your money have fun and live with Passion [Music] you