Erhalten Sie Zugang zu diesem und mehr als 300000 Büchern ab EUR 5,99 monatlich.
Have you ever wondered, "What is the secret to achieve massive wealth?" Have you thought about how much money you would need to become financially free and how to get it? Is it possible for anyone to have all the love, money, time, peace and happiness they want at the same time? Brian Tracy, Sunil Tulsiani, and the selected co-authors in this book have put together a proven path to becoming wealthy. In each chapter, you'll find at least one idea that will take your life to the next level.
Sie lesen das E-Book in den Legimi-Apps auf:
Seitenzahl: 299
Veröffentlichungsjahr: 2024
Das E-Book (TTS) können Sie hören im Abo „Legimi Premium” in Legimi-Apps auf:
Copyright ©2021 Private Investment Club Corp. All rights reserved.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, photocopy, recording, or any other—without the prior permission of the publisher.
This publication is designed to provide accurate and authoritative information with regard to the subject matter covered. It is sold with the understanding that the publisher and the authors are not engaged in rendering legal, accounting, or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The opinions expressed by the authors in this book are not endorsed by Private Investment Club Corp. and are the sole responsibility of the author rendering the opinion.
Private Investment Club Corp. titles are available at special quantity discounts for bulk purchases for sales promotions, premiums, fundraising, and educational use.
For more information, please write: Private Investment Club Corp.
#200 - 21 Queen St. East
Brampton, Ontario L6W 3P1
or call 905-488-4033
email: [email protected]
ISBN: 978-1-7774427-0-5
Printed in Canada
In this book we ask a specific question, and strive to explain its answer appropriately. The question is: What is the secret of wealth? And so as not to bore you, the answer is: Of course, wealth has a secret, and whoever knows it becomes wealthy as an acquired habit.
A long time ago, I dreamed of participating with my teacher and godfather, to whom I owe the credit for changing my life with his books and courses. It’s Brian Tracy. And here I am now make this dream come true.
And the manufacture of wealth is an art that you must master and be familiar with the ways that make you skilled in using your appropriate tools that make you one of the proficient in understanding its techniques, it is like making anything that has ways and secrets.
Wealth is a habit. If your habits are the habits of the rich, you will become rich, if your habits are the habits of the successful, you will become successful, and if your habits are the habits of the poor, you will remain poor.
But in order to achieve everything you desire, you must be well aware that there are habits that you must follow in order to become one of the richest people in the world.
You should know that there are opportunities for everyone. In fact, opportunities are not restricted to anyone, but are available to everyone, but few pay attention to them and seize them.
Wealth is an industry like any industry that has ways and secrets, and there are things that distinguish people who make their fortunes. The more you have these abilities, secrets or these talents, the more you can reach wealth quickly, and this industry is different from the dream of getting rich quickly, it takes time, but it shortens the distances.
The problem, in my opinion, is the bad habits of every human being, so that a person finds that himself is the first enemy to prevent him from achieving himself and his ambitions, but is it possible to change the bad habits?
And the answer says, of course, yes we can, because habits and mindset are what make wealth and not the other way around. When you change your mindset, your habits will change. When you walk in the right path and strive more or increase your speed, you will reach faster, but if you are walking in the wrong path, no matter how fast you go, you will not reach.
And in the pages of this book you will find a great elaboration through real examples and vivid experiences about the ways and means of gaining wealth.
We hope that it will be helpful, and it is, because it is a (tried) means by many around the world, so get up and go to catch up with the rich, and to make the first million dollars, which is just the beginning and not the end.
Medhat Zaki
Business Coach and Professional Speaker
Thank you for picking up this book, “The Secret to Wealth Volume III”. I know the secrets in this book will absolutely change your life forever.
Together Sunil Tulsiani and I, have a goal of making 100 Millionaires and it’s the main reason why we wrote this book.
In each chapter, you’ll experience at least one great nugget shared by selected experts who have been there, done that.
I truly hope you’ll study this book and take the appropriate actions to fulfill your dream of becoming massively wealthy.
Brian Tracy
Best-Selling Author and Professional Speaker
I truly want to thank you for buying “The Secret to Wealth Volume III”.
In this book, you will find many secrets to success from experts around the world.
I encourage you to read this book several times and take immediate action, even if you don’t think you’re ready, especially if you think you’re not ready.
I feel blessed that over 125,000 copies of my books have been distributed around the world and the positive impact they have had on so many people.
Please study this book and “Do Your Dreams”.
Publisher and Best-Selling Author
I humbly acknowledge the people who helped make this book possible. As you can imagine, producing a book like this is a huge undertaking and cannot be done alone.
I truly want to thank Dev Tulsiani, Janet Singh, Sadhana Sabharwal, Sangita Tulsiani and Sonia Sharma.
I would like to extend my sincere thanks to John Gnanasekar and his team of Printing Legacy for helping produce this book.
And, without the contributing experts/co-authors below, this amazing book would not have been possible.
Medhat Zaki
Adishree Jatinder Singh
Claudine Lance
John Robertson
Sam Chan
Ketan Patel
Paula Alphonse
Obulo Onyige
Alain H. Rocheleau
Dr. Stacey Cooper
Robert Wodz
Marika Gederte
Liene Voina
Timothia Sellers Hogan
Linda P. Cousineau
Joseph Catanzariti
Amanda Such
Eugene Murai
Laly Goummatova
Brandon Fong
Above all, I want to thank Brian Tracy for the immense value and work he put into this book to help change millions of lives around the world.
My sincere thank you to my mentors, mentees, PIC members, students, people who attend my live events, the influencers whom I have had the pleasure of sharing stages with or working with including, Tony Robbins, Grant Cardone, Robert Kiyosaki, Robin Sharma, Kevin Harrington, Michele Romanow, Jack Canfield, Brian Tracy, Robert G. Allen and of course you, the reader of my books.
Please study this book and implement its secrets.
It will help you achieve your business and personal goals. Be blessed.
Publisher and Best-Selling Author
We learn in school that we must achieve academic success and then look for a job. You think that this job is keeping you from being poor, but it is really keeping you from being rich. At school, you also learn that when you make mistakes, you must be punished. It means the mistake we made was something bad, and this makes us afraid of making mistakes in the future.
With this kind of upbringing, it is easy to believe that a mistake is something wrong, and you then become scared of putting a wrong foot in the future. The reality is that we need to learn from our mistakes, and they can be very valuable life lessons.
If you do not change this mindset, then you are going to suffer in your business life. You will be afraid to speak up when you have a good idea as you do not want to feel embarrassed by the people around you.
By accepting the conditioning that the “system” tries to impose upon you, there is a very good chance that you will believe that you need to work
hard all of your life at a job (or jobs) and only relax and enjoy yourself when you retire. When you think like this, you will not have the quality of life that you want until you are sixty or beyond.
Thoughts Are In Our Mind All Of The Time
Experts suggest that human beings have around sixty to eighty thousand ideas going through their minds each day. But 90% of them are repeated from yesterday and the day before. A lot of these thoughts are fears and concerns, but psychologists say that 98% of fears which worry people don’t happen. Only 2%, which are less dangerous, may happen.
What this means is that most people are wasting their lives being scared of fear itself, and this is what prevents them from taking steps to improve their lives. When people are constantly battling against themselves, it is a major barrier to achieving anything.
My Epiphany
I was raised by a middle-class family and had a conservative, religious upbringing. In my childhood, I learned that rich people are inherently bad, while the poor are good because it wasn’t possible to amass riches without doing something illegal.
I was taught that wealthy people sold their souls because they had to be doing bad things. As a poor person, I was good, humble, and exceedingly thankful to God. Wealthy people were arrogant and must be villains, so we don’t want to be like them.
In addition to this, our religious beliefs tell us that rich people are not heading for paradise and that we, as poor people, are the best because we do not sell our souls. The only way that I knew to distinguish between bad and good people was through the amount of money they had or didn’t have.
Of course, later on in life, I realized this is not true when I learned about rich psychology - I discovered that the amount of richness is directly related to the thoughts that people have.
Those people who think wealthy will be rich, and those that think they are poor will be poor. This is because our thoughts determine our behaviors. If you think that you are wealthy, then you will be. The same is true if you think that you are poor.
As a child, I was made to believe that people tend to associate with others that are “like-minded”. So if they like playing football, they will associate with others that like playing the game. The same is true for people that like to ride horses. In Arabic, we say that “birds of a feather flock together”. But this doesn’t matter.
Without The Right Mindset, You Will Never Be Financially Free
If you were to take all the money from someone who thinks rich, then they will be rich again. If you give a lot of money to someone who thinks poor, then they will quickly spend it all and will be poor (or even poorer) again. Everybody has seen those stories about lottery winners that lost everything.
The problem is that the poor thinking person does not have the mindset to deal with a lot of money. Whereas the rich thinking person does have the right mindset, and if they were to lose everything, then they would be able to get it all again.
I had discovered after all these years that my mental conditioning was not right and in order to be rich and self-made, I had to master salesmanship or the science of sale. There is no wealth without sales. It is very difficult for anyone to be wealthy if they don’t know how to sell.
Information is Important, but it is Not Everything
A lot of people who communicate with me through my social media pages ask me an important question. They tell me that they read a lot of books and watch a lot of YouTube videos for a long time, but they are still not rich. Why is this?
My answer is that information alone will not change your life. You often read books and watch YouTube as a consumer and not as an investor. A lot of people will absorb as much information as they can, but if they do not invest that information by acting upon it, then they will never make any significant changes in their life.
You need to focus on acquiring the right information and then create a plan to use it to achieve what you want. Then you must carry out that plan, making adjustments along the way so that you can achieve your goal.
What is Your Target?
It is likely that you just depend on your intelligence, but you don’t have a system of dealing with success and failure. When you do not get the results that you want, you feel very disappointed and even guilty.
Unfortunately, the majority of people don’t have a plan and do not have a clear target to aim for. Many just dream about improving their life, but they don’t do what they need to do to achieve their dreams.
The difference between having a dream and a target is to become an investor and not a consumer. You need the right mindset system to support this, and you can either develop this yourself or get the right help from someone experienced in this field.
It takes commitment to achieve a target. You will have to invest all the power that you have, all of your determination, your passion, and some of your money to achieve your target during a specific time period. And don’t look for easy ways to do this. There are a lot of get-rich-quick schemes around, but they never result in long-lasting success.
One day, I noticed a squirrel in my garden. As you may know, squirrels collect their food in summer and hide it in different places to consume it in winter. According to research, squirrels only find 20% of what they collect during the summer and not the remaining 80% as they don’t know where they buried it because they work randomly.
Humans tend to operate in a similar way to squirrels. People try hard and waste a great deal of time and energy because they do not have a clear target and plan. These people work in a random way and depend on the quantity of work that they do rather than the quality. It is commonly known that humans only use around 10% of their total capacity.
The PoWer of Leverage
To be financially free, you must understand “leverage.” With leverage, you can double the capital that you have fast. So how can you make leverage work for you?
Leverage means to use something to its maximum advantage. The effect of leverage helps you to arrive at financial freedom fast. It is what enables you as an investor to use clever techniques, which makes your effectiveness with investment much higher.
Here are three cases – A, B, and C – that are examples of leverage power:
Case A – You require a capital of $100,000, and you have this money available, so you do not need to borrow it. The percentage of profit in this project is 15%. There is no interest that you have to pay because it is your own money. In this case, you don’t use the leverage effect.
Case B – You require a capital of $100,000, but you only have $60,000. So, you will need to borrow $40,000 from a lender, and you will pay 8% interest. The money which you borrow is $3,200, and you will pay it at the year-end.
You earn $15,000, which is 15%, but your net profit will only be $12,800 because you paid $3,200 to the lender. But think about the return on your capital here. You invested $60,000, and you earned $12800, so you achieved a 21% return on your capital.
Case C – you require a capital of $100,000 again, but this time you only have $20,000. You will look for a lender to borrow the $80,000 that you need. The profit will be the same 15%. You will pay 8% in interest to the lender at year-end, which means that you have to pay $6,400.
So your net profit will be $15,000 less the $6,400 interest, which is $8,600. But your return on capital invested is now at 43% because you made $8,600 on your $20,000 investment. Do you see how this works now?
With Case A, you invest $100,000 and get a return of $15,000, which is 15%. In Case B, you invest $60,000 and get a return of $12,800, which is 21%. And finally, with Case C, you invest $20,000 and get a return of $8,600, which is 43%. This is the power of leverage.
You can conclude from these examples that by using the leverage effect, if you have $100,000 to invest, you can create five projects instead of one. With one project using your own money, the maximum return is 15%. But with five projects where you invest only $20,000 each time and borrow $80,000 for each project, your return will be 43% on each project.
The returns on your investment project depend on the interest that you have to pay to borrow the shortfall. So if you could only borrow at a rate of 20% interest, then your returns for the three examples above would be different.
The return on Case A would be the same 15% as you did not borrow any money.
With Case B, you will borrow $40,000 at 20% interest. This means paying $8,000 in interest to the lender, so your net profit is $7,000. This is a return on capital of only 12%.
Case C would not be viable at all. You will have to borrow $80,000 at 20% interest. This means paying $16,000 in interest to the lender, so you end up with a net loss of -$1,000.
You can use the leverage effect to your advantage with real estate investment. Savvy real estate investors always use the power of leverage. Rather than buying an apartment, it is better for you to collaborate with a group of investors to construct a building.
All of the investors will still get an apartment. The group can hire a contractor to build 20 apartments and use economies of scale. Overall the cost for the labor and materials will be less per apartment, and the group ends up with additional apartments that they can sell or rent out for additional income.
You Don’t Need a High Level of Income to Become Financially Free
You may have been told before that if you want to be financially free, then you need a high level of income. I have a saying that “it isn’t what you have which makes you rich; it is what you save”. Because if you have a high income and you spend it all, you will stay at stage zero. But if you earn less but save some of it, then you move beyond stage zero.
The difference between your income and your expenses is what will make you financially free.
I have a simple system. You need to account for your fixed and variable costs, such as food, rent, etc. Then, open a savings account and deposit 20% of your income each month. Open another account for entertainment purposes like buying fashionable clothes, new mobile phones, and so on.
It is important that you get into the habit of saving. After that, you need to invest what you save in a smart way. It is always possible for you to earn additional income, so you need to change your mindset to achieve this. Financial freedom through savings alone is possible, but it will take a long time.
You Can Earn More Money
Here is my formula to attract money:
Your influence is what makes the difference from one person to another.
All people are equal, but their influence is different. For instance, there is a worker who gets 10 dollars per hour and a professional footballer who gets 100,000 dollars per hour. Why is there a difference? Because the influence of the people that get paid more is higher.
Influence is what makes the payment of famous actors and sports stars very high. The quality they provide lies in the energy they have. They sell themselves well to a large audience. People with large social media followings have a high degree of influence as well.
The Secret to Financial Freedom
If you want to have financial freedom, you have to master these three things:
Understand money well and develop an action plan to achieve financial freedom.
Double your money through savings and investment.
Enjoy money, and have a wonderful life.
I am an experienced mindset and financial coach and also an expert in sales psychology and negotiation. I enjoy sharing my knowledge and experience in this field with others. I created a financial system to help people obtain financial freedom, and I have another system to help businesses of all sizes achieve the next level in sales revenue.
I can help you too. I can help you change the way that you think so that you can achieve your financial freedom goals in the fastest possible time. Most of the individuals that I help achieve financial freedom within 5 to 10 years.
Please do not hesitate to contact me at https://medhat-zaki.net/ for a free, no-obligation discussion about how I can help you to achieve financial freedom. Don’t put this off – start today so that you can reap the benefits tomorrow.
Medhat Zaki was born in Egypt and now lives in Germany. He is a motivational speaker and specialist in thought transformation, sales psychology, and positioning. He immigrated to Germany and studied business in 2001.
Medhat is an expert in NLP, the psychology of selling and negotiation. He worked as an international sales manager and accumulated a
lot of experience by selling in many countries, and became a sales trainer in Germany.
Zaki was always interested in studying the psychology of the super-rich and how people with an abundance mindset deal with money. He started to use modeling of excellence to help people to think in the same way and use this thinking for the achievement of financial freedom.
He specializes in the systems to achieve financial freedom, sales psychology, and NLP. He also helps business leaders develop their businesses and train them to become financially free. Contact him at [email protected]
The people you attract on the road to wealth will determine your success as much or more than any other factor. At the same time, the mistakes you make in choosing these people will hinder you and hold you back as much or more than anything else. People are everything!
To be really successful, you need the help of lots of people, both inside and outside of your business. Not only do you need people who can work with you and for you, but you need people on the outside who can advise you and guide you. The greater the range of your contacts and friendships in business the more insights, ideas and assistance you will receive. This is one of the most important benefits of working with groups like the Private Investment Club (PIC) founded by my good friend Sunil Tulsiani.
Let us start with a key entrepreneurial skill, networking.
The Skills of Networking
Network with others. Join your local business associations and attend meetings regularly. Introduce yourself and ask them what they do.
Rather than talking about or trying to sell your own products or services, encourage the people you talk to sell their products and services to you.
In networking, when you meet a new person, there are some powerful questions you can ask. The first is, “What sort of work do you do?”
People in business love to talk about their work. When you show a genuine interest, they will tell you in great detail what they do and how it is going. Your job is to listen intently when they speak.
The key to impressing people, by the Law of Indirect Effort, is to be impressed by them. The key to having people find you to be an interesting person is for you to find them interesting- first.
The second question you ask, when the person slows down or stops talking about his or her business, is, “And then what did you do?” Or “And then what did you say?”
This will usually start the person off talking again about his business and what is happening in his business or personal life.
Find a Customer for Him or Her
The final question, and perhaps the best of all networking questions you can ask, is this, “What would I have to know about your business to recommend a customer to you?”
People in business think about their business’s morning, noon and night. They think about attracting and keeping customers. They think about revenues and cash flow. They think about profits and growth. When you offer to send them a customer, they will immediately like you, want to talk to you, be interested in you and be willing to tell you even more about what they do and the type of customers they attract.
Right after you meet someone at a business meeting, and get their business card, send them an email or drop them a note or letter and tell them how happy you were to meet them. Tell them that you look forward to seeing them again in subsequent meetings.
Best of all, do everything you can to send them a customer. Think of the people you know who buy from you, or your friends and associates. Is there anyone who might be a prospect for your new contact? If there is, call them both and introduce them to each other. Even if nothing comes of this introduction, your new contact will be grateful and appreciative. He will remember you and think about you in a positive way.
Make No Effort to Sell
In this description of networking, you will notice that I said nothing about your selling your product to the people you meet. By the Law of Indirect Effort, the more you “don’t try” to sell your product or service to new people you meet, the more likely it is that they will become interested in learning about what it is that you make or sell. The less you try to sell them something, the better impression you make. The more you encourage a person to talk about his or her product or service, the more likely it is that they will be interested in acquiring your product or service.
Starting Off on the Road to Wealth
When you start a new business, you will usually be all alone. Some of the biggest businesses in North America were started on a kitchen tabletop (Amway Corporation) or in a garage (Hewlett Packard, Apple Computer, Ford Motor Company). You will usually have to do everything yourself, from the first job in the morning to turning out the lights in the evening.
When you start out, never be afraid to do “dog work.” Throughout your business career, the most respected leaders are those who are always willing to roll up their sleeves and pitch in to help whenever they are needed. The example you set by getting in there and doing whatever is necessary is noticed by everyone.
The President of Jet Blue Airways regularly works as a cabin steward on his flights, going up and down the aisles serving food and drinks, and talking to the passengers. By staying “close to the customer” he maintains a deep sense for what people are thinking, saying and feeling, and continually finds ways to improve services.
Visiting the Dealerships
When the legendary Alfred P. Sloan was the President of General Motors, perhaps the most powerful single executive in the world, he would periodically disappear from his head offices in Detroit. No one would know where he had gone for several days. During this time, he would get into his car and drive hundreds of miles out into the country to work as a salesman on the floor of a General Motors Automobile Dealership.
All day long, he would meet, greet and interact with potential car buyers. He would ask them questions and listen to their concerns. He would demonstrate the latest GM models and ask for their opinions. He would make the sale, or fail to make the sale, based on the tastes, desires, wants and needs of the potential customers. After he had received enough feedback, he would drive back to Detroit to take up his duties as the President of the company.
By the time Sloan retired, he was admired and respected as one of the greatest executives of all time. He always seemed to have wonderful insights into the mind of the car buyer. It was only years later that people finally figured out where he had gone on his private journeys, and how it was that he was so aware of how customers thought and felt in the marketplace. Is this something you could do?
You will find that there is a direct relationship between the number of people in your market, customers, suppliers, competitors and other entrepreneurs, that you associate with and talk to, and the level of your success.
The PoWer of the Mastermind
The Master Mind principle is considered to be one of the most important reasons for success ever discovered. There is a rule that says, “The more people you know, and who know you in a positive way, the more successful you will be.” Because of the power of The Law of Attraction, when you get together with others and share ideas, you create a force field of energy that attracts ideas and energy into your lives that helps everyone. One good idea is all you need to start a fortune.
One vigorous conversation with two or three other entrepreneurs can give you ideas and insights into marketing and selling your own product that you could get no other way. You should deliberately organize your time and activities to assure that you are interacting with other entrepreneurs and businesspeople on a regular basis.
Napoleon Hill, the guru of success in the 20th century, interviewed and studied 500 successful businesspeople for 22 years. He found that they all had certain qualities in common. He also found that none of them had started off with these qualities and that all of these qualities were learnable. Based on his research, he wrote a 22-volume series of books entitled The Philosophy of Success.
In later years, when he was asked about what he considered to be the most important principle he had discovered in a lifetime of research amongst wealthy people, almost all of whom had gone from rags to great riches in one generation, he replied immediately, “the mastermind concept.”
The Most PoWerful Concept in History
The mastermind concept is quite simple. It has been discovered throughout history that whenever two or more people get together and talk in a spirit of harmony and goodwill, a third, higher mind is formed. Both of these people then seem to be able to tap into this higher form of intelligence that becomes available to all of them while they are talking and conversing.
In my seminars on Personal and Professional Development, I will often tell my audience, “Please take notes on what I am about to tell you. But don’t write only the things I say. Write down the thoughts that pop into your mind while we are talking. These thoughts will often come out of the ether and flash into your mind like a light bulb going off, or like the lightning strike you see in the cartoons. This idea that comes to you, which may have nothing to do with what we are discussing in the seminar, maybe the critical insight that will change your life.”
One Idea Can Make All the Difference
Over the years, many people have come back to me and said that one idea that they got in a seminar with me. Or with a Mastermind group like Private Investment Club, changed their life and made them wealthy. This is not simply a matter of luck or random chance. Whenever a group of people comes together in a seminar to learn how to be more successful, a larger third mind is created, almost like an energy field that the entire audience can tap into. This collective mind may contain unlimited ideas and insights that then become available to everyone else in the room.
When you are relaxed, positive and happy, in company with other people who feel the same way, the mental energy of this superconscious mind becomes active in your life. Be alert for it.
Create Your OWn Mastermind Group
Many participants in the Private Investment Club immediately return to their daily lives and start their own mastermind group. One of my clients told me recently that after his first meeting, he was so excited about the mastermind principle, that he phoned four business people, none of whom he knew very well, and asked them if they would be interested in becoming part of a mastermind group. To his surprise, they all accepted immediately.
Their first meeting was over lunch at a nearby restaurant. He explained to them that, during a mastermind meeting, all subjects are on the table. People can talk about whatever they like. The goal is to share ideas and insights from your own experience that might be helpful to other people, in other lines of business.
After the first meeting, he was again surprised to have each one of the businessmen phoned him personally and thank him for inviting them to the meeting. They had all enjoyed it immensely and were very much looking forward to the next meeting. He had been organizing these mastermind meetings, one day a week over breakfast or lunch, ever since. In less than three months, his business had doubled because of the ideas and insights he had gleaned from these positive, upbeat conversations with other businesspeople.
Take the Initiative
You can form your own mastermind group in the same way. Invite one or more businesspeople you know and respect to breakfast or lunch. Tell them, or remind them, of the mastermind concept and explain how helpful getting together with other smart businesspeople can be to each member of the group.
You will get almost 100% agreement from the people you talk to. Every businessperson knows, in his heart, that he needs to interact with other businesspeople in order to stay abreast of what is going on in his world. But he doesn’t have the time until you call and offer to arrange a date and set it up. He will always be grateful to you for taking the initiative.
Join an Existing Group
Some time ago, I was invited to join a mastermind group that met from 6:00 am to 7:00 am once a week. The organizer of the group, a successful dermatologist, had begun building this group about two years before.
