Tony Robbins: Reboot Your Brain to Be Wealthy ( Tony Robbins Mindset )

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Posted on: January 25, 2018
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The more you can cultivate that sense of wealth that sense of abundance in you the more you can feel that sense of joy the more easy it’s going to be for you to do financially because you’re not going to be in this scarce fearful mode now that’s not enough by itself you have this great sense of abundance and do the wrong mechanics and be a disaster true or false but if I had a they have an area to get you started with you want to have the emotional psychological strength is that’s gonna carry you through when the mechanics are boring or frustrating or when things aren’t working out your emotion your psychologies will carry you it’ll get you to keep doing it everyone knows if you’ve done these studies dr.

Seligman very famous for doing Studies on optimism and in those studies you really found out people that are pessimists are much more realistic they’re much more accurate if you give them a test and you ask them to look at something and give you a size measurement of it or to evaluate their own success or failure at a task and every study suliman’s don t do to the University I think Pennsylvania for member correctly originally what he found was that optimists always see themselves as doing better than they really did they basically be asked themselves what happens the pessimist there are 10 times more accurate but here’s what he found out when he found out is because the people who are accurate never push themselves because they know it’s never going to work anyway whereas the optimist sees it better than it is so they keep doing it because they have the illusion they did well we’ll all do even better next time and because that optimism they did it more often it’s so optimist succeed at a four to five fall depending on the task result ultimately beyond anything that a pessimist will do and they’re not as accurate all that’s a big way of saying is if you can develop a psychology of resilience in yourself you don’t have to be optimistic or fake you can be real the realness is whatever shows up you are larger than anything that can happen to you you are larger than any financial challenge you could ever face initially we’ll say well look at their houses look at their homes and they don’t really have like trust this but they don’t feel poor it’s your identity the way you define the wealth determines whether you’re wealthy or not so are there enough things for you knowing the 2/3 for planet lives on $2 a day that you could get yourself to really feel grateful yes or no how much of your life do you get benefits from today that you never had to create think about I guess that the road you ride on the library the books you didn’t have to write find the Internet you can access in seconds to get answers just about anything the people in your life you didn’t have to raise but are there for you think about all the different aspects of your life if you want to be wealthy all you have to do is associate so before we do the financial part cuz financial independence is different than wealth wealth is that State of Mind financial dependence is being in that position where you don’t ever have to work again that if you work you do it because you really want to now give you a clue if you get financially dependent you don’t work you’d be miserable I can’t tell how many friends I have a solar company made fifty million dollars one man made almost a billion dollars and was really excited for a while but after a while it was like bored his vehicle of his business gave him a sense of contribution and he was always growing figuring how to solve problems and yet all the people he was connected to in the business all the employees and friends and a sauce so I want to tell you I’m not just saying this is some little positive thinking technique I’m telling you this is the secret the real secret to shift it inside of you and add the real value most people are trying to pursue something in the future that they already have I want you to think of what it is you think you want that will make you wealthy or financially free by defining the game in a winnable way a certain amount of money that we meet and that covers what we’re gonna call financial security which might be your housing your cars your food and basic entertainment how many we feel bridge if you didn’t have to work if your investments alone the income from your investments the income covered those four items your housing for the rest of your life your food right your travel and some entertainment I don’t think that would feel pretty good say I and by the way that number is way smaller than what most of you think of when you think about being financially independent which is everything covered without working so why not get the first one down pat and you go know exactly what that number is for you and what it’s going to take for that number where you don’t have to work to meet it then we could look at financial independence where you don’t have to work and everything is covered then we gonna fight to freedom you know if the work and everything you can think of is covered anything you ever want to do for yourself or others those you want to get that’s a different level isn’t it and most people think of financial freedom they come with a gigantic number that if you even figured out everything you want it’s nowhere near as big as you think and because it’s so big you never even start the journey and you don’t think it’s gonna happen so you talk about it you hope you’ll get some big hits sometime with your business or something but you never get going how many follow the say I if you are significant in other people’s eyes what will that do for you well you know it was in my eyes somebody that I would look somebody that but we’re not example but when you get there you won’t look to yourself anymore when you get there you’ll just be in a different level then you’ll be trying to figure some other level of what you need to get to so you would respect yourself it’s good behind he always makes good points you notice that so what you’re doing is here’s the game you’re playing I want all of you to hear this no amount of money will ever make you wealthy because as soon as you get there you will raise the game but here’s what’s great about that to continue growing in all areas of life if you could grow emotionally should you yes or no if you could give more should you yes or no yeah if you grow intellectually should you yeah if you get more love should you if you could grow more financially should you yes cuz growth is life but having to grow in order to feel significant enough means you will always be poor it’s a game that never ends let’s talk about money now not wealth what does it take mechanically to get this thing called financial independence and what does financial independence is supposed to wealth wealth is a product of the mind again no amount of money you ever achieve will make you wealthy financial dependent means you never have to work again in order to live your life that when you do work you’re doing it because you really want to not because you have to and how many committed illa not only being wealthy but also financially independent say ah how do we get there let me give you the lesson how to get there it is so simple that when I tell you’re gonna go thank you for the breakthrough thought but even though you may know this intellectually whether you’re sophisticated or not you probably know this the formula for financial dependence is so simple and you can’t achieve financial abundance unless you really learn to apply this not just in a concept you have but consistent in your life and that formulas simple spend less than you what you know thank you for the breakthrough thought Tony but is this what most people do yes or no no what do most people spend more than they earn there’s no way around this knowing how much money you have if you spend more than you earned it got a challenge so there’s no way to be financially free financially independent without spending less than you earn what do you got to do with what you don’t spend you got to invest the difference because what I want to show you right now is how do you build what everybody should own every one of you should leave here with your own personal money machine do you want to create a money machine a machine that while you’re sleeping is making you money right so you’re no longer trading the most valuable resource you have in life your time for money you want to trade money for money do you want money to go to work you want to put that money to work for you so while you’re sleeping it’s making a difference you want to create a machine and that machine you want to create it’s something you want to be able to feed you at some stage where you don’t have to work that’s what the money machine is the second secret to this is you got to reinvest how many if you’ve ever made a big hit in your investments and went oh my god that’s so cool and took the money and spent it on something raise your hands say I come on say I I know you all anybody’s invested has done this if you gotta bake a cake yes is it nothing wrong with that but you gotta make sure a significant amount that you reinvest your returns so you get compounded what compounded growth is the most basic principle in the world we all know it intellectually but are you emotionally associated enough that you’re really utilizing it to its maximum capability if you don’t you’re not gonna get financially free you will never get financially independent by your earnings alone every one of you in this room is gonna lose money every one of you there’s no way the person might work work on the top financial traders in the history of the world top ten in the history of the world is not even right half the time how could you make billions of dollars you’ve not even write half the time not even 51% of the time I’m gonna show you in a few moments it’s known as asset allocation it’s the way and that’s just what you do that’s what’s gonna shift this so first step spend less than you earn and that’s the difference second step reinvest it so you get compounded growth until you reach the home run your money machine until you reach a critical mass a critical mass of capital of investment capital when you get to that critical mass and what determines the critical mass is how much you need for the lifestyle that you want once you get that critical mass what it provides for you is what you’re investing for who knows no matter what investment you’re doing what are you really investing for whether you’re investing in cars stocks bonds real estate financial instruments what are you investing for they not fir-tree not investing for returns that illusion will keep you from getting to the endgame if you’re wealthy here’s what makes you wealthy income not assets assets you can buy and assets change in value all the time you need income this is the only reason to invest you invest for one reason so you have an income for life without working and to do that you’ve got to build a critical mass of capital but the interest on it alone will give you that income and you get out the life you want without working and they let me do that as do those first two steps spend less than you’re an investment reinvest the tea hit that critical mass now how to do that is actually a lot simpler than you think we make things more complex than it really is you got to think of this as your target in order to achieve what you want will you have a money machine here’s what you must do you must pick out a minimum financial goal for yourself even in achieve your minimum financial goal you got to pick out a specific amount of money that you’re gonna desk every month every year no matter what a specific percentage of your income if you don’t do that forget the rest this course so waste your time cuz you’re gonna make a bunch of money but you won’t be practicing the fundamentals and eventually you’ll make a mistake and you’ll lose it let me tell you another secret to life if you do the right thing at the wrong time you get pain if you plant in the winter I don’t care how hard you work I don’t care if you work day at night and you work to the bone and you plant your seeds in the middle of winter what’s gonna happen when fall comes are you gonna be rewarded yes or no no so if you don’t understand that the seasons are changing you’re in trouble what does asset allocation it means out of the money you have to invest we’re gonna create three buckets really simple way of thinking in this for now the first bucket is the security bucket when you think about investing think of two types of investments there are fixed income investments and most you are clear what this means what does it mean when it’s a fixed income investment what is that mean you’ve got a guaranteed rate of return assuming they deliver and anyone cannot deliver including the US government they haven’t not delivered but they could is there risk in any investment yes or not so just ratios of risk and as we know you know no risk no no reward so if you don’t invest you’re gonna lose a few invested times but if you don’t ask you’ve already lost and you can never win never of a money machine never be financially free the second type of investment you can make and helps you understand what you do is something that’s gonna be growth rhythm and growth investments are investments where you probably have a much greater potential for growth which means you get a greater return if you’re successful but if you’re not successful do all the guaranteed bit of return yes or no no sort of growth investment you have the potential of greater return but also greater greater loss the security bucket is where you want to put investments that are secured by their nature because they’re secure is this going to give you a huge compounded return per year yes or no but they give you a huge compound return even if the number is small if you do it long enough yes or no so what we want to do is your first investments have to be in your security bucket and everybody wants to do the opposite the question that becomes what percentage you put in your security bucket what goes in there well here’s some things that go in there if you don’t have at least two to six months worth of cash that covers your overhead here in deep trouble the first step to getting financially secure not financially independent is to make sure you have enough cash that something happens you can go for six months you got the freedom what else might you put in there types of investments an IRA goes in here right pretty secure insurance the insurance is protecting you that’s part of security what else you going there your don’t think of your home as an investment because for most of you you’re eventually not going to sell that home and eat it you’re not gonna sell your home and get income off it now some of you maybe you made a stage of life or you’re accumulating the same homes and eventually you gonna sell and buy a smaller home and take that critical mass that came from selling the big home and it’s gonna take care of you for life if you’re doing that great but the place to think about your home in terms of leverage put it in your security bucket how many degrees me on this by the way say I cuz kind of maybe a little home you’re gonna be really stressed out alright so I gotta think of my growth outside my home really think of your compound interest outside your home it’ll only be a bonus for you and fixed income investments often in this category now what’s the second bucket second bucket is growth two ways you’re gonna learn about growth the buy-and-hold strategy which is the strategy of an owner and by the way that’s buying and holding that is less risky to some extent than momentum because the timing but it can be just as risky what is momentum trading that’s when you’re no longer an owner you’re a trader a financial trader everybody’s a financial trader most of you trading time for your money here you’re trading money for money here what you’re looking at is you’re seeing movement in prices and what a momentum player is doing as they’re playing for the short term usually third bucket is the dream bucket the dream bucket is you want to travel around the world the dream bucket is you tape on the size of how you think of what you’re doing or your economics you want to own a condominium in Aspen might be the boat it might be a trip it might be owning a basketball team owning an island depends on the size of what it is you want to do it by the way bigger isn’t better the more you have to have to feel financially free the more stress you’re gonna have how many follows it’s the opposite of what you think the more you have the more you got to manage the more time the more energy the more risk the more capital that doesn’t mean you shouldn’t do it some of you are very very driven to create and risk that’s a personality type we know that it’s crazy I have to be one of those types to some extent but even a crazy person’s got to make sure their security is there or their craziness at one point will bite them how many follow if you can get pretty instantly free for Less do it be wealthy now and get financially feet quicker and then walk in you would and then keep it up flippin your security bucket if you want to play a bigger game now you’ve already won and everything you’re playing now that’s where the house is money if you can go for something bigger and if you if it doesn’t work out you still handle your security what you’re here for is totally free how many follow them talk about it say ah

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