21 Unbreakable Laws Of Money Brian Tracy

1. Law Of Cause & Effect If you know the appropriate effect you want, you can select the appropriate causes. Thoughts = causes, conditions = effects. You become what you think about all the time. How You Use Your Mind Determines Your Success Improve the Quality of your Thinking and You Improve the Quality of Your Life 2. Law Of Belief What you believe becomes your reality you see what you believe. Believe you are destined for financial success. Dont believe yourself to be limited. What would you dream if you knew you couldnt fail? Successful People Believe they have the Ability to Succeed Build a Prosperity Consciousness Make it Inevitable that you Succeed Positive Knowing 3. Law Of Expectation Whatever you expect with confidence (positive or negative) becomes your reality. Expect good things, and you will get them. Expect to succeed and you will. Apply talents and abilities to opportunities. 4. Law Of Attraction You are a living Magnet, Your Emotionalized thoughts create a force - field Energy that radiates out from you, Energy that attracts people and circumstances, These are in Harmony Emotionalized thoughts are the Key You attract that that is in harmony with your thoughts. Think positive, attract positive! 5. Law Of Correspondence As Within, so Without. Outside world correlates with what is within you. Outer world of People, Relationships, Wealth If you want anything, you have to create it within you first! You control the way you think- conscious and subconscious levels Refuse to talk about what you dont want! 6. Law Of Abundance There is enough money in the world for those who want it if they are prepared to go and get it. Decide to become wealthy have this belief. People are poor because they havent yet decided otherwise. Why arent you rich already? Your reasons are your excuses. 7. Law of Exchange Your labour is a cost to others. Cost is subjective. The money you earn is a measure of value that others place on your contribution. Money is an effect, not a cause. To increase the effect, you need to increase the cause. To earn more money, increase the value of work put in. Increase knowledge, skill, and creativity. 8. Law Of Capital Your most important assets are your ability to work, and your time.

You have to utilize your work ability to the maximum. Your current wage is the extent to which youve developed your earning ability so far. What you do with your time determines your earning ability. Time and money can be spent and invested. Once they are spent, they are gone. Invest them better become more knowledgeable and better skilled. Invest 3% of your income on developing yourself personally and professionally. Look for ways to increase your return on energy. 9. Law Of Time Perspective The most successful people are those that take the longest time periods into account when making decisions. 5, 10, 20 years. Successful people make sacrifices today that may not pay off until years to come. The further ahead you think, the better your decisions will be. Delayed gratification is the key to financial success. Self-discipline is important for financial success The ability to make yourself do what you need to do, when you should do it, whether you feel like it or not Sacrifice in the short term leads to success in the long term. 10. Law Of Saving Freedom comes to those who save 10% of their income throughout their lives. Develop a habit of saving part of your salary every time you get a paycheck Pay yourself first! Save today for more possibilities tomorrow. Never touch your savings; this becomes your fund for long-term accumulation. Only use it to invest in your financial future. If you cant afford 10%, start with 1%. When comfortable with your current saving %age, increase it and save more 2%, 3% Take advantage of tax-deferred savings and investment plans, your money will accumulate quicker. 11. Law Of Conservation Its how much you keep, not how much you make that determines your financial future. 12. Parkinsons Law Expenses rise to meet income. Earn more spend more. This explains why people retire poor. Financial independence comes when you break this law! Save any leftover money. Drive a wedge between your earnings and expenses. 13. Law Of Three Financial freedom comes with Savings, Insurance, and Investment. You need to invest the correct proportions into each of the three. Savings: you require enough savings to last 2-6 months if you lost your job, as a cushion. Insurance: you must be insured for any emergency that you cant pay from your bank account (medical, car, life) Your ultimate financial goal is where you accumulate capital until your investments pay more than you earn in your job. Then you can retire and manage your assets. 14. Law Of Investing Investigate before you invest. Spend as much time learning about the investment as you do earning for it. Dont be rushed into decisions.

Making money is like digging with a nail losing it is like pouring water into the sand Dont Lose Money! A fool and his money are soon parted. If you think you can afford to lose a little, then you will probably lose a lot. When a man with experience meets a man with money, the man with money will end up with the experience, and the man with the experience will end up with the money What would happen if you lost 100% of a potential investment? could you handle that? If not then dont make the investment at all. Only invest with people who have proved successful with their own money, this diminishes the risk. Only invest in things you understand and believe in. Take advice only from successful people. 15. Law Of Compound Interest Investing money with compound interest will eventually make you rich. Divide 72 by the interest rate. This is how long (years) it will take for your money to double at that interest. Put your money away, and never touch it. If you do, you lose the power of compound interest. Invest a fixed amount for 5, 10, 20 years. Select mutual funds, they do well. 16. Law Of Accumulation Every great financial achievement is an accumulation of hundreds of smaller unnoticed ones. Financial independence requires many of these. Be disciplined and persistent. As your savings accumulate, you pick up more momentum towards your financial goals. Overcome the initial inertia of saving. Once started, its easy to keep moving. By the yard, its hard. By the inch, its a cinch Save all your small change. When the tin is full, add it to your savings account. 17. Law Of Magnetism The more you save/accumulate, the more you attract. Money goes where it is loved. If you look after it, youll attract more of it and opportunities for more. It takes money to make money. 18. Law Of Accelerating Acceleration The faster you move toward financial freedom, the faster it will move toward you. The more success/money you earn, the more is attracted to you from other sources. 80% of your total success will come in the last 20% of the time/money you invest. The best investments tend to take the longest to come to fruition. 19. Law Of The Stock Market The value of stocks = anticipated cash from stock discounted to today. Hopefully, return exceeds that of a guaranteed investment (bonds). It is a form of gambling. Long-term investments (20yr+) are better for financial security. Index funds are good they go up/down based on trends in the entire market. 20. Law Of Real Estate Value of property = future earning power of that property The income developed when the land is used to its best use. You make your money when you BUY, you realize it when you SELL. Location is key to selection as it influences future earning power the most. 21. Law Of The Internet Faster, cheaper, easier.

The value of information is what people will pay for it. 4 Extra keys to success: Earn as much as possible. Do everything you can to excel in your field. Hold on to as much money as possible. Its the amount you keep that counts! Reduce and control your cost of living. Practice frugality in everything. Put off buying decisions for a day/week/month. Itll lead to a better decision. Invest carefully and make it grow ASAP. Save a %age of your income. 1. Repetitions - Reading Biographies, Working on Goals, Tapes, Books 2. Books to read: The Richest Man In Babylon George Klossen The Instant Millionaire Mark Fisher Set a Specific Goal For Financial Achievement Write it down Set a Deadline Set a detailed Plan for its Achievement Set a 12 month plan to increase income by 50% Begin, Act, Get Going Raise the goal as you get closer to completion Be Clear about the Goal Be Flexible about the Process Clear Mental Pictures - Causative Thinking Steps to be taken for achievement Clear Mental pictures activate the sub and super conscious minds Frequency, Intensity & Time of visualisation Vividness, how clear is the visualization Positive Self Talk Talk to yourself positively all the time I Can Do It Ill Make a Million Im The Best A continuous positive inner dialogue that is consistent with goals Think about and Visualize your Goals as Realities Last thing at Night, First Thing in the Morning See the Goal as already in existence Activate the Subconscious with present tense pictures and affirmations Reflect on Goals Daily 30 60 Minutes in Morning - The Golden Hour (The Rudder Of The Day) by Yourself Review Plans for Accomplishing Goals Think of Better ways to Accomplish Goals Reflect on the valuable Lessons learning Visualize goal as a reality Rewrite major goals in present tense as if already reality