Hello, I’m Brian Tracy.
今天 我想和你们谈谈 如何像我们大多数人一样
And today, I wanna talk to you
about studying with nothing as most of us do,
and becoming financially successful over the course of your life time.
Building wealth is a journey.
And like most journeys, the sooner you start,
the further you’ll go.
Therefore, with your saving for retirement to
put your kids through college or
to achieve any other goal, it’s important to start as early as possible.
Because so many factors affect your wealth, and your ability to create it.
You need to be in by coming up with a clear, detail financial plan,
The specific path you take will vary,
based on your ambitions, your family size and any other factors.
Every plan for building wealth must contain these things.
1. You must have a goal to increase your income.
You can’t save money unless you make money,
so the first step in building wealth is to earn a high income.
And this requires that you earn and you work more hours than the average person.
普通人 也就是 一周工作40小时的人
The average person, they say, works 40 hours a week.
But if you take away a lunch and coffee breaks,
and you take away chitchat and socializing,
the average person works about 16 to 18 hours a week,
waste or burn off most of the time.
Successful people work an average of 59 hours a week,
and they work all the time they work.
Now formal education is only part of the process of building skills.
It is equally important to gain practical experience in your field,
because all that matters is your ability to get results.
And only practical experience enables you to get results, if people will pay you for.
So begin working at an early age,
and do as good a job as possible for every employer you work for.
Remember Ralph Waldo Emerson said,
if you work for an ungrateful employer, work twice as hard.
Because you’re not working for him, you’re working to build the character you will need,
to be a great success later in life.
Even if you’re still in school,
you may be able to gain work experience through an internship,
or a fellowship or a part-time job.
Such opportunities are especially valuable,
if you can get course credit while pursuing them.
So depending upon your ambitions and skills,
finding a business may be a great investment in your long-term wealth.
Almost all business are started at the kitchen table by one person,
and sometimes two.
Look at Apple,
started by Steve Jobs and Steve Wozniak.
Look at Hewlett-Packard Co., starts in a garage in Palo Alto.
Look at Microsoft,
started by Bill Gates and his partner.
Almost all of them were started by one or two people.
So while you lose money in the short run,
if you understand the industry and run your business well, it will eventually
become one of your greatest assets.
Knowledge and skill, knowledge and skill,
are the keys to your success.
Most professionals see their incomes increase over time.
Thus if you can achieve high earnings at an early stage,
you’re likely to make even more later on in your career.
Next, you must be able to save and invest.
As important as it is to earn large amounts of money,
the only build wealth, if you save a sizeable percentage of those earnings,
比如10％ 15％ 然后20％
like10, and then 15, and then 20 percent.
Now if your employer offers a 401k plan,
maximize your contribution, put as much money in as you possibly can.
They will match.
Likewise, set up your paycheck to send a large portion of your money to your savings,
or investment accounts automatically.
Automatic deductions can make you rich,
rather than giving you a chance to spend it first
by taking the money and cashing the check.
The more your money goes directly to savings and investments,
the less of it you’ll think about spending.
Unless you plan to move frequently,
purchasing a home is one of the best ways to build wealth.
You’ll have to pay for housing, anyway,
but unlike with renting,
you’ll get your house payments back in the form of equity.
There’re also sizable tax benefits to buying a home.
Now interest on debts can consume a large portion of your income,
so it makes sence to pay off
anything you owe as quickly as possible.
one of the most important things you want to do is get out of debt.
The only type of debt you want to have is debt that more than pays for itself.
You own a house. You have a mortgage.
You have a debt on the mortgage,
but the rental payments more than pay for the mortgage,
and give you a positive cash flow.
This is the only kind of debt you want.
The more quickly you pay down the principal, the less interest you will owe.
Reducing your total spending on debt service,
besides maximizing the amount of money you save,
make sure to maximize the interest you earn on those savings.
The higher the yield of your investment assets and accounts,
the faster your money will grow compounding your savings over time.
Finally, cut wasteful spending.
As income rises throughout your career,
you’ll have the opportunity to devote an ever larger percentage of your money
to savings and investment,
provided your spending doesn’t rise at the same time.
It’s important to look for ways to save.
By improving insulation and investing in more sustainable technology.
For your home and car,
you can reduce the amount of money you spend on electricity and gas.
Homeowners often pay for 1000 channels
but only end up watching 4 or 5.
Consider buying channels individully from your cable provider,
the cost per channel may be higher,
but your total spending will be lower.
Bulk purchases are cheaper in the long run than individual purchases
provided you use everything that you buy.
Almost everyone makes at least some wasteful purchases in their life.
So be periodically evaluating your spending,
and looking for sources of savings.
You can then cut down on this waste and maximize the amount of money you keep.
So before we wrap up, l’d like to leave you with a thought:
to share with your friends and followers.
“Great financial achievement is an accumulation of hundreds, and even
thousands of small efforts that no one
ever sees or appreciates.”
There’s no quick or easy way to become rich.
Now I’d like to hear from you, so my question today is this:
What areas of your life are you spending too much time in?
What can you do about it?
Leave a comment below and I’ll be sure to follow up with you.
Thanks for watching, and remember
if you want to change your future,
take action, and take action now
If you enioy this video,
and fell it was valuable in teaching you about how to build wealth,
subscribe to my channel,
like this video,
and share this video with your friends.
Don’t forget to chick the button on the screen for a free gift.
Thanks again for watching.