2945: How To Become A Millionaire: A Step By Step Guide by Brian Tracy on Financial Independence and Manifesting More Money

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[00:00:53] This episode comes from Optimal Finance Daily and you can follow or subscribe to that show wherever you're hearing this if you enjoy what you're about to hear.

[00:01:01] So with that, let's get right to the post and commentary from Diana as we optimize your life.

[00:01:27] Start

[00:01:28] Would you be surprised to learn that you can get rich in your own way starting today?

[00:01:33] The following tips will help you visualize the road ahead of you and enable you to set goals to make more money than you ever dreamed.

[00:01:41] How To Become A Millionaire in 6 Steps

[00:01:44] 1. Write down all of your ideas to make more money.

[00:01:48] 2. Take time to relax and reflect on your financial goals.

[00:01:52] 3. Gain financial independence using the magic wand technique.

[00:01:56] 4. Project forward and think back on your financial goals.

[00:02:00] 5. Practice mind storming all of your problems.

[00:02:04] And 6. Save your money until you have a million dollars.

[00:02:08] Here are the details for these six exercises which will bring clarity to your life and help you figure out how to become a millionaire and achieve financial independence.

[00:02:18] 1. How to make more money.

[00:02:20] Start by writing down your ideas.

[00:02:23] 2. Buy a spiral notebook, carry it with you if you possibly can and write down every idea that comes to you throughout the day.

[00:02:30] 3. Review this idea log on a regular basis.

[00:02:33] Sometimes one idea that you have while you're driving along, sitting, reading, watching television or in a conversation may be the insight that will lead to the start of your fortune.

[00:02:44] If your goal is to make more money, write down all of your ideas as to how you will achieve this goal.

[00:02:50] The rule is catch the idea and write it down. If you don't write it down fast, you will very often lose it.

[00:02:57] 2. Goal setting.

[00:02:59] Relax and reflect on your financial goals.

[00:03:02] Take regular timeouts to relax and reflect on your goals and the obstacles that are holding you back from achieving them.

[00:03:09] During these times of relaxation, ideals will often pop into your head that can save you hours, days and sometimes years of hard work.

[00:03:18] 3. Gaining financial independence using the magic wand technique.

[00:03:23] Practice the exercise of fantasizing on a regular basis. Sometimes this is called the magic wand technique.

[00:03:30] Imagine that you have a magic wand and you can wave it over your current situation or problem.

[00:03:35] Imagine that as a result of waving this magic wand, all of the obstacles are removed between you and your financial goals.

[00:03:43] 4. Project forward and think back on your financial goals.

[00:03:47] Imagine that your goal is to build a successful business in a particular field.

[00:03:51] Project forward 3-5 years and imagine that you now have a successful business in that field.

[00:03:57] What would it look like? How big would it be? What kind of people would you be working with?

[00:04:03] What kind of reputation would you have in the marketplace?

[00:04:06] What would be your level of sales and profitability?

[00:04:09] How would you be running this business?

[00:04:12] And especially what could you start doing right now to make this future dream a reality?

[00:04:17] 5. How to become a millionaire by practicing mind-storming on every problem.

[00:04:23] Perhaps the most powerful method of stimulating creative thinking is called mind-storming or the 20-idea method.

[00:04:31] More people have become wealthy, including me, using this idea more than any other method of creative thinking ever discussed.

[00:04:38] In fact, this technique alone could enable you to gain financial independence.

[00:04:43] The method is simple. Take any problem or goal that you have and write it at the top of a sheet of paper in the form of a question.

[00:04:50] For example, if your goal is to double your income over the next 12 months, then you would write,

[00:04:55] How can I double my income over the next 12 months?

[00:04:58] You then discipline yourself to write at least 20 answers to that question.

[00:05:02] You can write more than 20 answers if you like, but you must use your discipline and willpower to write at least 20 answers.

[00:05:09] 6. Save your money and become a millionaire

[00:05:13] One of the easiest ways would be if you were to save $100 per month from the time you started work at the young age of 20

[00:05:20] until the time you retired at age 65, and you invested that $100 per month in a mutual fund that yielded you an average of 10%.

[00:05:29] You would be worth approximately $1.18 million by the time you retired.

[00:05:34] Chances are, your discipline and your resolve to continue saving at any age year in and year out would have such an effect on your character and your personality

[00:05:42] that you would end up earning far more than 10% per year.

[00:05:46] But at $100 per month, anyone can become a self-made millionaire.

[00:05:51] Take action.

[00:05:53] Focus questions stimulate your mind and provoke creativity.

[00:05:57] Decide on a goal and then ask yourself, why am I not at this goal already?

[00:06:01] What is the main reason?

[00:06:03] Start by practicing these exercises today to start on your path to getting rich.

[00:06:08] If you're looking to change your mindset, check out my free 45-minute training called Kickstart Your Productivity

[00:06:14] where I'll teach you several science-driven rules I rely on for becoming a powerhouse of productivity.

[00:06:20] You just listened to the post titled How to Become a Millionaire, a step-by-step guide by Brian Tracy of bryantracie.com.

[00:06:32] I love this suggestion here to write down all the ways you could make more money.

[00:06:36] When I was leaving my full-time job a couple months ago, I ended up coming up with a list of about 14 streams of income

[00:06:42] I am currently exploring.

[00:06:44] It didn't come to me all in one sitting.

[00:06:46] The idea has kind of popped into my head over the course of a month.

[00:06:50] So don't feel like you need to rush this process, but every time you get an idea, just add it to the list and set aside some time to explore it.

[00:06:58] I ended up sharing all of my ideas during a free webinar recently

[00:07:02] and I recall one attendee was a little discouraged because the ideas were unique to my experience and skill sets

[00:07:09] and not easily replicable by everyone.

[00:07:11] But I don't see this as a bad thing.

[00:07:14] What this says to me is that everyone has unique ways to make money

[00:07:18] but you need to tap into your own creativity rather than waiting on someone else to tell you what you should do.

[00:07:24] I also really like the reminder here to relax and reflect.

[00:07:28] This is a tough one for me.

[00:07:30] I think I've been conditioned by our culture to hustle 24-7.

[00:07:34] I often push myself to do more and work harder and I beat myself up when I simply don't have the energy or brain power.

[00:07:41] But my best ideas, epiphanies and planning abilities show up when I'm relaxed.

[00:07:47] So I'm currently working really hard at learning how to relax.

[00:07:51] How's that for an oxymoron?

[00:07:53] And that will do it for today.

[00:07:55] Have a great day and start to your weekend.

[00:07:57] Thank you for listening and I'll be back here reading to you tomorrow where your optimal life awaits.