Brian Tracy outlines seven steps to build wealth: think positively about money, review financial goals daily, plan each day, focus on high-value work, invest in yourself through learning, regularly ask what you did right and what you'd change, and be generous to others.
Hello, I'm Brian Tracy and today I want to teach you my seven point formula for financial freedom. One goal that we all have in common is that we all want to make more money. However, only a small percentage of us actually achieve the financial freedom that we long for. We all want to have enough money so that we never have to worry about money again. The only question is, are you ready to do it or not? The good news is that there are more people achieving financial freedom faster today than ever before. Through proper financial planning and making it a goal to improve your personal finances, you can become one of them as well. Here's a seven point formula that you can use to help accumulate wealth, become happier, and achieve financial freedom in the years ahead faster than you ever thought possible. First, begin to think positively about money. Part of becoming rich involves thinking positively about money in the first place. Thinking negatively about money is an emotional obstacle that you must eliminate in order to achieve financial freedom. Financial independence. You must eliminate the thoughts that having more money leads to evil or that money can't buy you happiness. When you begin thinking positively about money, you'll attract opportunities and open up more doors than you ever thought possible. Second, rewrite your major goals for financial freedom. You must set financial goals for yourself in order to be successful. It doesn't happen automatically. Rewrite and review your goals on paper every day and think of how you could accomplish them. This will take you between five and ten minutes each day. The very act of writing and rewriting your goals and thinking about them each morning before you start off will increase your chances of accomplishing them by five or ten times or even more. Third, plan every day in advance. The best time to do this is the night before. The very act of planning each day, each week and each month in advance will make you far sharper and more precise at everything you do. You'll find yourself with better focus and a greater sense of self control and personal power when you work from a list. When you plan every day in advance, you'll be better able to control and track your spending habits as well as plan how much you have to spend for the week, the month, the year, and decide where you will be able to save. Fourth, concentrate single mindedly every hour of every day on the most valuable use of your time. The principle of concentration is absolutely essential to achieving financial freedom. Virtually everything you do in terms of goal setting and financial planning is aimed at enabling you to determine the the one or two things that you should concentrate on more than anything else. Your ability to develop a habit of Concentration will do more to ensure your personal financial success than perhaps any other skill or habit you can acquire. The things you focus on the most and spend the most time doing should be in direct alignment with your financial goals. Spend your time focused on what will make you the most money. Fifth, invest in yourself. Listen to audio programs in your car. The Average person spends 500 to 1,000 hours per year behind the wheel. By turning your car into a university on wheels, a mobile classroom, you can become one of the most knowledgeable and most skilled people in your profession. Purchase courses on money management, read books on personal finances, and find articles online about money. Very soon you will have so much knowledge in the area of money that people will come to you for advice. Sixth, Ask yourself two magic Questions Ask yourself the two magic questions after every meeting and every event of importance in your life. The first question is what did I do right? And the second question is what would I do differently next time? By reviewing your performance immediately after every meeting, sales call and presentation, you'll become better and better faster than you can imagine. The answers to both of these questions turn out to be positive. By reviewing what you did right and what you would do differently next time, you program into your mind a predisposition to be even better the next time out. If you take a few minutes to write down everything you did right and everything you would do differently immediately after a call or presentation or any activities, you can double and triple the speed at which you learn and grow and improve in your work. Improving yourself and the quality of your work will in effect, improve the amount of money you make. Seventh, be generous to others. The final point is to treat everyone you meet like a million dollar customer. Treat every single person at home and at work as if they were the most important person in the world. Since everybody believes that he or she is the most important person in the world. When you treat them as if they were, they appreciate your recognition and acknowledgement more than you can imagine today. It's a proven fact that being a more generous person will help you attract more wealth and become a happier person. You've often heard it said money doesn't buy you happiness, but the truth is that money is essential to happiness. Material prosperity predicts life satisfaction, and the more economic status we achieve, the more we'll feel satisfied with our life. Not only do our measurements of happiness rise as our income increases, but so does our sense of well being and life satisfaction. So by choosing to focus on money goals that motivate you while also embedding a positive mindset towards money, towards yourself and life in general. You will help to achieve both increased wealth and increased happiness. And when you get there, evidence clearly shows us that being generous with our money makes us happier and richer. Before we wrap up, I'd like to leave you with a thought to share with your friends and followers. Design your financial future in every respect and then make a plan to achieve it now. I'd love to hear from you. So my question today is what is the biggest single obstacle that stands between you and financial freedom right now? Leave a comment below and I'll be sure to follow up with you. Thanks for watching. And remember, if you want to change your future, take action. And take action now. If you enjoyed this video and feel it was valuable in teaching you about financial freedom, subscribe to my channel like this video and share this video with your friends. Don't forget to click the button on the screen for a free gift. Thanks again for watching.
