Advice from Brian Tracy on How to Become Wealthy

Ad Majorem.....Wealth Builders

From Brian Tracy

This post is addressed to many Americans.  Many Americans are prisoners of debt.

The situation:

1.  The average debt size of every American from www.creditcards.com  is $15,799.00

2.  The average APR on new credit card is 14.998% (this is high compared to PHL rates)

3.  Total revolving revolving fund balance in US is  $793. billion, 98% of  which is credit card debt

So Americans have two choices - to continue credit card living, and wait for their retirement pay and SSS to retire their debt, or get out/escape from the debt prison.   What is your choice.

The way out is to live within your means and be frugal.   Do not spend money you do not have.

The way for most Americans (even Koreans and  yuppie Filipinos is to "buy things they do not need, with money they do not have, to impress people they do not like"

The key to being wealthy is being frugal and to invest wisely

Your mind is the key to creating wealth

From Brian Tracy - Focus - Seven steps to success

Ad Majorem.....Wealth Builders This is from the seminar of Brian Tracy.

From You Tube

Some secrets:

l.  Your life gets better when you get better

2.  What matters is where you are going (goal)

3.  Anything worth doing should be done well.  Perfect practice makes perfect

4.  You must have options in life  - develop skills;  save money

5.  For every adversity, there is a seed of greater advantage or benefit (look for the lesson, opportunity in a challenge or adversity)  All adversity is given to you to make you stronger and better.

6.  You can learn anything to reach your goal

7.  Your own limits are set by your own fears and mind

He has an interesting story on Houdini.

Your doors are not locked.  Some obstacles exist in your own mind.   Everything is possible

Reasons why most people dont become wealthy - from You Tube

Ad Majorem.....Wealth Builders From Brian Tracy and You Tube. By knowing why and how people do not become wealthy, we will know how to be wealthy


Conversely why are some people more successful?

Brian Tracy started out from a poor family. He started with nothing and jumped from job to job until he discovered the secret of success? Is it information? If it were so many librarians or professors would be rich. It is not It came from Aristotle - the law of cause and effect. Learn what successful people did, do it and you will be successful. But there is one common denominator for success that Brian discovered. It is self disicpline. Self discipline is doing what where and when something must be done even if you do not feel like doing it. And self discipline can be learned.