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Table of Contents
Wealth & Money Framework........................................................................................................... 1
Wealth and Money Principles:...................................................................................................... 2
Money Concepts....................................................................................................................... 3
Money and Wealth Distinctions................................................................................................. 4
Session 1 Exercise: Spend on what you need...........................................................................4
Creating a Wealth Game You Can Win.......................................................................................... 4
An Empowered Model of Wealth............................................................................................... 5
Session 2 Exercises: New Model............................................................................................... 6
Goals and Skills............................................................................................................................ 6
Primary Skills............................................................................................................................ 7
Wealth Belief Affirmations......................................................................................................... 7
Session 4 Exercise: Transcending Failure............................................................................... 8
The Psychology of Money & Wealth............................................................................................. 8
Subconscious Mind................................................................................................................... 9
Ego Identity / Self-Image........................................................................................................... 9
Session 5 Exercise Getting Over the Free Line.......................................................................9
FEAR: False Evidence Appearing Real....................................................................................... 9
Tools to Transcend FEAR: Cognitive Reappraisal..................................................................11
Why do You Really Want Wealth?............................................................................................ 11
Alignment Exercise.............................................................................................................. 11
The Inner Game of Wealth...................................................................................................... 12
Integrity............................................................................................................................... 12
Receiving and Contribution.................................................................................................. 12
6 Powerful Emotions that empower you to succeed in any area of your life........................13
Fast Start Sessions.................................................................................................................. 13
Session 1: Positive Refocus.................................................................................................. 13
Session 2: Your Money Story / Model / Beliefs......................................................................13
Session 3: Obstacles to Wealth............................................................................................ 14
Stop Self-Sabotage why habits are the key to long-term financial success.............................14
Wealth Prevention Habits that Really Work..........................................................................14
Bad Money Habits:.................................................................................................................. 14
Mindsets to create value:........................................................................................................ 15
Some questions you might ponder:........................................................................................ 15
Changing Beliefs by changing behavior:................................................................................. 15
~1~
4) Using money costs you money. For example, you pay for agency fees, such as ATM fees,
kick-backs, taxes, commission fees, time and energy. Interest and inflation: inflation is the
dilution of the value of money because more money is created out of nothing. When you use
credit the cost of money is multiplied exponentially.
5) Top 4 places to invest your money in. Use your money to invest in assets (has intrinsic
value, throws off cash flow, appreciates in value), education (internal assets), relationships
(help other people to be successful), and your health and well-being. You accomplish your
wealth through positive relationships. Invest in your network, friendships and bonds.
6) Borrowing money is the ultimate trap. It magnifies or amplifies all the problems related
to using money. Don't borrow money if you can help it. Why? You limit your options, because
you "made a deal with the Devil". It's the gateway drug to poverty. Using credit cards causes
you to rationalize any bullshit to pay for something you can't afford in the moment. Using
credit robs you of your resourcefulness, your creativity, your responsibility, etc., to find other
ways to pay for what you want. Using credit leads to the modern indentured servant program:
you become a slave to money and to those who you owe.
Money Concepts
1) Fiat Currency: currency that is not backed by anything. Its a complete fiction like monopoly
money.
a) In the past the USD used to be backed by real gold (prior to 1970). Now its a complete
fiction.
b) With a fiat currency all you need to do is simply print more. Even then, with digital money
you simply add more numbers on a bank accounting system. Dilution of the money supply
causes inflation.
i) Historically, in the USA inflation has been running about 3% / year.
c) Currently, in the USA a private corporation (the Federal Reserve) creates money out of thin
air, then lends it to the US government who then pays interest on this made up fiction that
was borrowed.
i) The implications of this are astounding: it benefits the bankers to create debt so that
everyone else can be enslaved to them. Wars motivate governments to get into debt.
ii) The same people who own the Federal Reserve own the largest, most powerful banks in
the country.
d) The monetary system is a fractional reserve system: banks only keep a fraction of the
money that they have in reserve as what they have in debt. Roughly only 10% 15% of
the money in circulation is real.
e) There is nothing behind the monetary system. Its a complete fiction that wasnt created
for your benefit. It was created to benefit the savvy bankers.
2) Debt and Interest:
a) The entire model of the entire financial model is based on debt.
b) Money is created by debt, or IOUs. Banks create money out of thin air when a real person
opens a debt account. Money itself are IOUs.
c) The only thing of real value are people and natural resources.
3) Consumerism:
a) Consume our way to happiness, self-expression, prosperity, and to grow the economy.
Accumulate stuff to make you feel good, impress people, and show your status (keeping
up with the Joneses).
b) The economy is based on everyone buying more and more to grow the economy.
c) People buy on wants, rather than needs.
d) The issue is that society is outward focused to fulfill the internal fulfilment. We derive our
self-worth based on how we compare to others.
e) Consumerism is a great way to control and manipulate the population, because people are
subconsciously disconnected, unworthy.
4) Entitlement as the modern business model
a) Most people work as an employee for a large corporation. Its all about security, pensions,
retirement, etc.
~3~
b) Most people dont work with their hands. They work in knowledge-based roles. All manual
labor has been outsourced.
c) Knowledge-based jobs are changing faster and faster, so the timeframe of a job is smaller
and smaller.
d) The old paradigm of entitlement where you feel you like youre owed something for
sticking it out is going away.
e) You need to change the paradigm to where others seek you out for the value you provide.
Rather than doing the same thing to get security.
amount of energy, and will lead to attachment to your purchases. Its just stuff. If you
make a mistake you can always make a new choice.
ii) Make purchases that improve your overall quality of life, not to satisfy the ego
emotion-backed addictions to the Lower CoCs.
b) When you spend your money think about the reality that what youre really trading is your
time, energy and focus. Is what you want worth that? Remember, material stuff takes
time, space, energy and money to maintain: physical, emotional, and psychological.
i) When you use money relate to what is real. Money, in all its forms and disguises,
removes you from reality. Using credit cards is even another layer deeper separation
from reality.
f) Wants are there to satisfy an underlying emotional inadequacy or impress others, suck
your energy, and distract you from whats important.
3) Stop making impulse purchases. Make only the purchases you plan to buy.
a) Minor purchases ($50 - $500) wait at least 7 days.
b) Major purchases (>$500) wait at least 30 days.
c) Huge purchases like a car or house that require long-term financial commitment its best
to wait it out 3-6 months. Research it, talk to experts, consider how these things will play
out over time and how they will impact your longer term finances.
d) Purchase of toys, luxury items, or jewelry wear off within 2 weeks. If you think its cool that
feeling will generally wear out in 2 weeks anyway.
e) Point of diminishing returns: as quality increases
4) Avoid debt like the plague.
a) Debt is a made up construct designed to enslave you. Entities that you dont even know
are giving you money. Its not for free.
b) The debt trap is when you get into the habit of paying off the card, even when you have a
0% interest. Its the habit of paying off the debt that gets you into trouble. You get in the
habit of paying for stuff with money you dont have. The credit card offers are the first step
in this horrible habit by providing teaser rates.
c) The ego loves debt, because it allows the ego to satisfy its addictions now.
5) Pay yourself first.
6) Buy investments that will contribute to your long-term health, success, wealth, and
happiness.
7) Money is a side effect of creating value. When you create value for others they will
reward you with money. The cause is the value you create, not the money itself.
8) Depersonalize money and assets to get control over it and use it as a tool to grow your
wealth
a) In negotiation you're always ready to walk out the door. You can't get too excited when you
lose or gain money. Then you can convert money into assets and convert assets into
wealth.
b) You got to elevate your consciousness above money to go to work at it, and use it to grow
your wealth.
c) Example: You earn gross, and you spend net. You need to focus on the net since that is
what you are taking home. In general, businesses that make $1M in gross, net about 5% 10% of the gross. So youve go to sell 10 20 times to net the 1 sale.
i) Net is discretionary income, after all your expenses. You want to focus on the NET.
9) As soon as you get money translate it into a real asset.
a) Money has no intrinsic value, so you dont want to hold onto it long term.
b) All the profit or discretionary income convert it into an asset.
10)
Building relationships, skills, education, etc., and improving your models over time
creates wealth.
a) Get rich quick schemes, scams, tricks dont work.
11)
The more I create value for others, the more I enjoy my life.
a) When youre focused on getting stuff, youre not as fulfilled and enjoyed.
b) The more contribution, the more satisfaction.
12)
Implement Boundaries that align to what you want to create in your life.
a) The more I say no the more successful I become.
b) Stay focused on what you want to create.
13)
Abundance Mentality: There is no scarcity in resources. There is only scarcity in
creativity. Creativity in using whatever you have to create new value.
a) We live in a world of unlimited resources because of creative thinking that creates value
out of what you have now. Economics is about the creative reinvention of the existing
resources to new value that didnt exist before.
i) We define the resource by what were trying to accomplish. All you have to do is
change your perspective to create new value.
b) Be grateful for all in your life.
~6~
14)
15)
a)
b)
c)
Primary Skills
1) Creating Value for Others
a) Master the art of creating value in all situations for others. Be Unconditional in this. Once
you're a master at creating value for others, then you can create a system that can
generate income for yourself. For now, you're just building up the skill. You're not worried
about getting paid for it yet. Getting paid is an external goal that comes from
systematizing the value you created for others.
b) Mastering the art of creating value for others will result in the creation of wealth.
c) Do this over and over again until you master the goal of creating value for others.
d) Focus on this skill alone. Dont let anything else distract you from this skill. Dont focus on
getting money in return. Like a marathon runner in practice to run the marathon. He runs
longer and longer distance every day until he masters the art of running long distance,
and can go into any situation and run a marathon, because he has the skill to do so. The
marathon runner doesnt earn anything when theyre practicing, only when they actually
run the race.
e) Likewise, as you practice the art and skill or creating value, over time you begin to create
more value and more value. Once you have built up the personal self-confidence (through
practice) in this skill that you have Mastery over it, such that you can walk into any
~7~
situation and create massive value, and youre doing this over and over again, thats when
you turn it into a business model and you figure out how to get paid back in return.
f) This is also related to the art of serving others and life with your talents and gifts (PD 3).
This is why you are here. Consider these points:
i) Serve all regardless of race, economic status, or organizational pecking order.
ii) Server whenever you see a need regardless of your agenda. Be willing to interrupt your
day, set aside your agenda, and your plans in order to serve.
iii) Serve without attachment to results or expectations for external reward.
iv) Be as willing to serve regardless of the size of the opportunity. Be just as ready to serve
in the small things as in the big things.
v) Be unconditional in your willingness to serve. Give no authority to the mind. Follow
your heart. Serve when theres a need, and keep your commitments.
2) Elevating Your Consciousness in any and all situations
a) See HCHB
3) The Concepts of Failure and Problem are your Greatest Learning Opportunities
a) The Fierce Grace.
b) Fail Fast, Fail Forward. You need feedback in order to learn and grow.
c) You can use these lessons to create value for others. Take all your failures and see what
you can do to create value for others.
4) Relate to money as a tool to create value for others.
a) You dont use money as cash anymore. You use for what it was designed for: as currency
and capital to create long-term value, assets and wealth for yourself and others.
Subconscious Mind
1) The fundamental subconscious programs are not yours. Most of the programs are selfsabotaging, and limiting.
2) Whenever you let go of the present, youre not paying attention, you go on auto-pilot. You
play the programs in the subconscious. Most of the times youre not present. If fact, its closer
to 95% of the time that youre not present.
3) Your life is a reflection of your subconscious programs since 95% of your life is coming from
your subconscious programs. The programs in your subconscious mind is your destiny. Habit
= Destiny.
~9~
4) So you really need to clear out the subconscious and replace the old programs with new. This
is the habit creation process.
5) Ultimately you are in control of how you perceive life. You perception of life creates your
experience of life.
a)
b)
c)
d)
4)
5)
6)
7)
a) Accept that it could happen, and realize that it would be okay and you would survive if in
fact it happened.
b) You have little to no control over what can happen. Life happens and theres simply
nothing you can do to control it all. Accept it and know its all perfect and Divine.
3) Take the fear and imagine what lesson would you learn if it in fact happened?
a) The only thing you lose with a worst case scenario are material possessions, but what you
gain when you learn from what happened is internal and priceless. It can never be taken
away.
b) If you do this you will see that its ALL a blessing when you realize its all made up and you
create your experience of life no matter what happens.
c) Think of all the Fierce Graces youve had in your life over the absolute worst case
scenarios that have occurred.
4) Make a commitment to make no decisions, take action, make communications when youre in
an emotional wave.
5) Eliminate general news, negative gossip, and worry from your life.
c) By doing this you are identifying the need, fears, frustrations, efficiency gaps in your
environment and the world. This is how business are started to meet the market need.
i) Sub-market niches can be further determined by your personal network and their
needs.
ii) New technologies can be used to exploit efficiency gaps.
iii) Bringing things together in a unique way to create synergy, the multiplicative effect,
can also be used to exploit efficiency gaps.
4) Contribution
a) Giving to another freely without expectation for anything in return.
b) You cant contribute to another unless you can fully receive freely.
5) You want to get into a cycle of freely contributing and freely receiving.
a) This is the Male Female Neutrality principle of creation.
6 Powerful Emotions that empower you to succeed in any area of your life
1) Hearts Desire to create the inspiration.
2) Fully Responsible for result in your life.
3) Commitment: do whatever it takes to figure out overcoming the obstacles in your life. Be
unconditional, fully committed to whatever you set your heart to.
a) The first requisite for success is the ability to apply your physical and mental energies to
one problem incessantly without growing weary. Marshal all of our inner and outer
resources with focus and conviction over years and decades in our life.
4) Optimism: know that your hearts desire is possible no matter what.
a) The challenges in your life are the causes of your success. Your greatest success comes
right after your greatest failure.
b) Reframe any event from the optimist perspective.
5) Gratitude: no matter what happens you can still be grateful for whatever is going on.
6) Faith: transcending all mind bullshit that stops you from fulfilling your hearts desire.
Stop Self-Sabotage why habits are the key to long-term financial success
Can anyone create wealth? 80% of millionaires are self-made.
2) To change behavior you need to change habits and align those habits to wealth creation.
3) When you have awareness of what you do, you need to install the habit immediately before
you forget it.
Habits of wealth creation
1) See An Empowered Model of Wealth
2) Delayed gratification for things you want: In any area of life if you simply wait out the instant
gratification emotional wave and do the thing the will give you the greatest long-term benefit
you will come out ahead.
a) You need to make the distinction between what you want and your real needs.
3) Get out of the debt-based thinking and debt logic where you think that you can buy now and
think in monthly payments to asses value and make purchase decisions. This gets you into
the trap of buying what you dont need and getting into debt.
4) Find ways to reduce your overhead. Get rid of your car payments. Get rid of anything that
youre paying monthly on. Dont buy anything that will increase your monthly overhead
higher.
5) Consider how your purchases will impact your long-term financial position.
a) Learn how to use financial modeling analysis to determine the real impact or costs of
purchases.
6) Keep low amounts of cash and credit cards on hand so that you have to hassle yourself to
spend.
7) Stop looking online or going to stores with your credit cards to look for stuff you dont need.
8) Pre-select what you will buy for the month after consideration.
9) Take the extra value that you do create and invest it over time.
What is Value?
1) Value is something that is 100% external. It only exists if others think its valuable. Its always
from another persons perspective.
a) If you were alone, there would be no value since there are no humans to judge it as
valuable other than yourself.
2) Value Hierarchy:
a) Fundamental level: to take away their fears, frustrations, problems, anxieties, pains. On
the flip side we want to give them convenience, easy, happiness, joy, safety and security.
b) Higher levels: relationship, avoiding rejection, health and fitness, creating wealth.
What is Wealth?
1) A balanced portfolio of several different assets, where you have allocated you assets across
different risks, etc. Its a platform that is solid over the long-term.
~ 18 ~
together in a way that others cant, then take it to another level of value, then they
receive some value in return.
4) How can I create value?
a) You always start from the other persons perspective. From this perspective ask the
following:
i) What can I create (product, service, process) so that it will take away someones fear,
anxiety or pain, or give them happiness, joy, or pleasure. Or it could be something the
other person perceives will satisfy that for them.
ii) Create knowledge and systems to allow other people to get what they want or avoid
what they dont want.
iii) You need to really get into someone elses head and heart, live in their shoes,
experience what they experience, feel what they feel, empathize at the deepest
possible level.
iv) Once youre able to really experience from anothers perspective, then you can start to
create value for them. Reflect back to them what you think and have them validate
your thoughts before you go off and create something of value for them.
v) Note that you will not get it perfect the first time. You need to get feedback to validate
your assumptions, and iterate based on their feedback. How can it be better? How can I
create more value? Is there anything I can take out or add in? Then tweak and tune
over time to get the perfect product out there.
b) The ultimate business skill and the ultimate value creation skill is COMPASSION.
i) Being proactive with your empathy, then alleviate their suffering and create joy in
their life. This skill must be learned and practiced. Tuned into where others are coming
from. Whats their reality and experience of life like?
(1) Ask them I want to experience what it feels to be you. Will you help me see from
your perspective?
(2) Then listen and dont jump to conclusions too quickly. As they talk, dont assume
you understand what they mean. Listen compassionately, then clarify. Let me see if
I got this clear. You told me what youre trying to do, or how you see things, is this
exactly right? Let me say this another way.
(3) Through this dialogue you begin to really understand each other and have a
meeting of the minds.
(4) Keep going deeper and deeper and deeper until you get the ah ha moment where
you really see whats going on.
ii) Imagine what its like to be another person in your life: their story, fears and
frustrations, wants and aspirations. Think about someone you love, hate, or want to get
know them.
iii) When you do this and others get that you get them and want to help them you will be a
magnet for others. They will naturally gravitate to you.
c) Questions that uncover the real problem:
i) What is the problem?
ii) Why is the problem indeed a problem?
iii) What goals must be served by whatever action or solution is chosen?
iv) What triggered the request in the first place?
v) Who is the target audience?
d) Determine the criteria that will be used to evaluate alternative solutions (clear metrics of
success or failure).
i) See R-Factor Question below.
e) The R-Factor Question: If we were meeting here three years from today what has to
have happened for you to feel happy with your progress?
i) If we were having this discussion three years from today, and you were looking back
over those three years, what has to have happened in your life, both professionally and
personally, for you to feel happy with your progress?
ii) No trust, no value: if a person doesnt trust you enough to share their vision, there is no
basis for relationship. Without relationship there is no basis for value creation.
~ 20 ~
5)
6)
7)
8)
9)
iii) No future, no value: How they will measure success. What tangible achievements are
important to them? If a person cant visualize their future, they wont be able to
communicate how you can create value for them.
f) The D.O.S. Conversation: Dangers, Opportunities, Strengths
g) See also Primary Skills for wealth creation.
h) Once you hone your skill of creating value for others you can focus that on your niche: the
integration of your unique abilities, with what youre really good at, with a specific problem
or group that get you.
i) At this level you start to build trust with other people and you are known for your level
of innovation.
ii) After months and years of practice at creating value for others you get this grand ah
ha, a breakthrough awakening. At this point the money starts to flow in. You are a
value creation machine.
i) At some level after years and years of practice at creating value for others you will see
how to create value anywhere in life. They will not be ideas anymore, because youve
actually mastered value creation, in interacting with other people, in being compassionate,
in getting paid for what you create.
i) You mastered compassion and the connection for value and what others will pay for.
You need to create 10x the value that you expect to be paid for.
a) If you dont get paid, look at the lesson that is learned and realize the lesson is worth more
than the money you expected. What is the lesson? What did I learn from this?
You want to create real value, not the illusion of value, surface level value that doesnt go
deep.
a) Examples: junk food (no nutrients), pornography (no connection), psychedelic drugs, or
venire on furniture (low quality).
b) This provides just the quick fix, but not the real thing. This is not the real thing. Its not
what creates long-term value and wealth. And actually leads to death.
c) Marketing is infected with the illusion of value. There is no trust.
Notice when you receive and experience value in your life (physical, emotional, health,
relationship, education).
a) Invest in yourself. When you do this you experience what you are trying to do for others
when you create value for others (joy, satisfaction, fulfilment). You want them to feel the
same way with your product or service.
Contexts for creating value in your life. Pick the one that makes the most sense for you
and become a master at it.
a) A job, working for another company.
i) Learn your job, your industry, imagine that you own the company and figure out what it
would take to create massive value for that company.
b) Starting your own business.
i) Become an expert at your market, at running a business, at creating value for your
customers.
c) Investing
i) Learn about your investment, know everything about it. Become a master and expert
at what it is youre investing in. You dont invest in what you dont understand.
Personal value tipping point.
a) The point at which you go from looking for areas where you can create value, to where
others seek you out to create value for them.
b) For example, when youre first looking for a job youre out there looking trying to get
someone else to notice you. Eventually, you get to a point when you become a superstar
and others seek you out to work for them. You are now in demand.
c) Most people dont reach their personal tipping point. It takes 5 -10 years to develop
yourself into an expert and master at your field of study. You have to stick it out for the
long-term to reach this point. Theres no quick fix in this.
~ 21 ~
d) Primary asset of the future: Learning how to learn new skills, teach them to others, and
communicate with others. Life is changing so quickly you really need to learn to adapt
rapidly and teach others to do so.
10)
Types of value creation that you need to learn and do on a daily basis.
a) New Economy: knowledge, relationships, feelings and experiences are most highly valued
aspects of life.
b) Teaching: teach what you learn so that you can get it yourself. Transfer your knowledge
from you to another so that they really get it. By doing this you get it at a deeper level.
c) Coaching: helping others develop a skill, develop a part of themselves, stay accountable,
keeping them on track.
d) Mentoring: helping another person actualize who they are: their talents, gifts, and vision.
e) Fusion: fusing human beings together. Introducing people together that can work well
together.
Exercise: Focus on what youre really good at, not on your weaknesses
1) Identify what youre really good at, your talents and gifts. Then take that gift and develop it
into a strength that is valued by others.
2) Make a list of all the areas where you feel naturally talented; where things come easefully and
effortlessly. List 3 5 things.
a) Review the list and ask which of those talents can be developed into a strength that can
really help in the world, where you can add value to others.
b) What do you have to do to get from where you are to developing that strength?
c) Find a mentor that has the same talent and is really good at what you want to do, and can
help you take that talent and convert it to a strength that can really help in the world.
d) Whats the one thing you can do now to start developing your natural talent into a
strength that can create massive value in the world? Write it down.
Exercise: Mastering the skill of compassion
1) Every day ask one person:
a) Whats your biggest frustration or fear? (what they want to move away from)
b) Whats your ideal outcome or result? (what they want to gravitate toward)
2) Then clarify with active listening, giving examples, confirming your understanding.
a) Repeat what you heard in your own words, and clarify your understanding.
3) See how they respond. Did they confirm your understanding?
4) Now if possible, help them create the outcome they want.
a) Go out and do it.
b) Then get their feedback to ensure you achieved the outcome they requested.
Accumulating Assets
Why accumulate assets? You can't get assets unless you have value creation. You can't build
wealth unless you have assets.
Definition of an Asset:
1) Assets are things of value that can be readily converted into cash.
2) Assets are things that have real, sustainable true value.
a) Many assets can be converted into cash. Cash itself is not an asset.
b) Instead of converting assets into cash, then buying what you want, you should simply
trade assets for another asset. That way you dont get tagged with the fee of converting
assets into cash and using that cash to buy another asset.
c) Examples: income real estate, stocks in strong companies.
Categories of Assets
1) Soft (Inner) assets: skills, knowledge, expertise, experience, relationships, intellectual
property, brand image
a) Relationships: Only associate with superstars.
~ 22 ~
i) Network: everyone you know strength of the weak ties, network science.
(1) What your aspirations for the future?
(2) What are some of the skills that youre learning?
(3) Whats your area of expertise?
(4) What are some of the other people you hang out with?
ii) Triading or Fusing: introducing and connect other superstars to each other who can
synergize and create value together. Connect them at a personal level to help transfer
the trust immediately.
(1) Get a profile on LinkedIn, Facebook, Twitter and other social network tools.
iii) Mastermind: small group of people that you meet with on a regular basis to support
each other in your wealth goals. These are solid individuals that you trust, focused and
dedicated at building their wealth and creating value in the world. These are the
superstars, the top 1% or top 0.1% of those you know.
iv) Mentors: these are super geniuses that take you under their wing and take you to the
next level.
b) Reputation: total integrity, deliver results, report and communicate, take risks, take
personal responsibility
c) Time, effort, energy, attention: productivity
d) Expertise: education + experience learning and doing.
i) The best way to do this is to work for or with a master in the field.
ii) Invest 10% of what you earn on education, advice to build up your expertise.
2) Hard assets: these are all external assets
a) Real estate: historically this has been one of the best classes of assets that both
appreciates, throws off cash, and has lots of tax benefits.
b) Stocks: over time stocks have gone up and have been well.
c) Precious metals: gold, silver, platinum. Potential inflation hedges, and have utility value.
d) Luxury collectibles: be careful here. You really need to know what youre doing.
e) Financial instrument: bond, CD, personal loan. These are based on money.
f) Personal business: youre in charge of this, you have full control. More control with how
you manage taxes. You can take your profits and reinvest it in the business without paying
taxes on what you reinvest in. You can sell shares of your business and get capital gains on
those shares.
i) Learn sales and marketing.
3) Appreciating (grow in value) and Cash Flow Assets. These are the best of all.
a) Rental real estate
b) Dividend paying stocks
c) Personal Business: get paid and grow your business
4) No matter what you invest in become an expert at it. Know when to buy, and what
exactly to buy.
a) Only invest in what you fully understand. Start with something simple.
b) Make one good investment decision per year. So do your homework first, then invest
on what you fully understand.
a) Mastermind meetings: share your biggest challenge and opportunities. The rest of the
group brainstorms how to overcome the challenge and take advantage of the
opportunities.
b) Examples: Gus, Andy, Carlos, Urbano, Steve, Matthew, Dave, Alvaro
c) Do a project together like create a website with educational videos you can share with
others to get your name out there and build your network.
3) How can I attract powerful mentors now?
a) I am a dedicated student in the area that youre an expert. Im looking for someone who
can help me improve in this area.
b) Show them youre a great student. Use their advice and report back the results.
b) Opportunity cost: what you could have done instead. Whats it costing you in terms of
other opportunities?
i) Even if you dont get into a deal in that moment it will likely be around at a later time
down the road.
c) Always consider the opportunity cost when considering investments.
d) The more you say NO with an open, unattached mind, the more powerful your selfesteem grows, the more respect you have for yourself, the more respect you earn, the
more value you put on yourself and your time, and the more opportunities show up in your
life.
e) Warren Buffet says NO more than anyone else. He has access to more investment
opportunities than anyone else.
f) In general, the time youre going to waste on an okay investment opportunity is worth way
more than the investment itself.
g) What are you going to give up to achieve what you want? You have limited time, energy
and attention. So you need to focus on the best opportunities only. Distractions are the
enemy of focus.
5) Ownership vs. Control
a) Wealthy people rather control a resource or asset than own it. Theres no attachment to
any asset, including their home. Everything on the planet is temporary. We really dont
own anything anyway. Were just a steward of the assets during our time on this 3-D plane
of existence.
i) Poor people identify with their stuff. Theyre attached to it.
ii) They set up trusts, corporations, LLCs to set up ways to control assets, but not own the
assets.
6) Manage Risk: risk is something to be managed, not avoided.
a) Risk is inherent in life. You cant avoid risk. You just manage it, rather than being afraid
and not live life.
b) In wealth creation you will need to take risks, and balance the risk across different assets
to manage the risk.
7) In order for you to succeed at creating wealth, you may have to do it in secret.
a) Your friends and loved ones may become the enemies of your wealth creation. You dont
want to trigger their shadows against you.
b) You will need to find others that really get it and integrate more with them.
8) The obstacles, roadblocks, and challenges you will face throughout your journey is life telling
you that your model is incomplete, and / or you need to pick up a new skill to reach the next
level of your development.
a) Whats the new skill do I need to overcome this obstacles or roadblock?
b) The four possible reasons change doesnt happen:
i) Chance to: system issue, such as organizational
ii) Want to: motivation
iii) How to: training and skills
iv) Able to: not your natural talent, and therefore, a lot of energy expenditure to do it.
c) Most people stop before they get their biggest breakthrough, because theyre just one
skillset away from that next breakthrough. Theres always a new level to elevate to.
d) As you add the new skills it makes the others in your toolbox exponentially more powerful.
e) As you add nodes or elements to the network the impact is exponential in its power.
9) Use your Superpowers.
a) See PD 1: Your ability to consciously CHOOSE in the moment how you perceive life,
regardless of the circumstances and energies around you, is the SOURCE of your True
POWER. There are never any accidents; you always get back what you project. Empower
only the very best in yourself and others. Be Unconditional in expressing your
Hearts Intention!
b) Create massive value. Convert it into assets. Build wealth.
10) Master the first thing, then the second, then the third, etc., and put them all
together. Its the synthesis.
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a)
b)
c)
d)
e)
11)
a)
3) Review and update this plan at least quarterly, and completely rewrite from scratch once per
year.
4) Heres the process:
a) List all of your strengths, everything that youre naturally good at.
b) List all your knowledge. What do you know how to do? Where do you already have some
expertise that you can teach to others?
c) List your superstar relationships that you either know or could know.
d) List all your skills that you need to develop.
e) Next develop organized details plans with all the action steps for:
i) How youre going to develop your skills.
ii) How youre going to create your mastermind.
iii) How youre going to find your mentors.
iv) How youre going to create value, turning that value into assets and growing wealth
over the long term.
f) See the whole thing and figure out how its going to work for the next 20 30 years. The
plan itself is not so important. Its that youre seeing the whole thing, and can see that you
can do it.
i) This gets you on the road to success. Even though the actual unfoldment may not look
the way you sketched out here it will get you in motion. And as you get in motion you
will find new opportunities, new ways of creating value, meet new people that you
never would have imagined had you not done this.
5) Inevitability thinking: The First Domino
a) What would make it inevitable that I create self-made wealth in my life?
b) Heres the process:
i) Know what you want to create in the first place.
ii) Work backwards: what are the steps it will take to get there? (see your plan)
iii) What would be something that I can do right now that would make this all inevitable,
they would definitely happen? This is like the first domino that pushes over all the other
dominos in your plan.
(1) How are you going to make your success inevitable?
(2) For example, what communication can you send out that would be this first domino?
What would that communication look like?
(3) Could this be a public commitment of what you plan to do to the most respected
and successful people in your life?
(4) Hire a business coach who will hold you accountable to taking the action steps you
laid out here.
c) Now do that first domino.
6)
Resources
1) https://real-facts.wikispaces.com/Eben+Pagan
2) The Truth in Money Book, Thoren and Warner
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