MULTIPLE SOURCES OF INCOME WILL MAKE YOU WEALTHY – BOB PROCTOR
Are you learning from the right sources?
Are you working hard but not getting the desired results?
Then what you need is a paradigm shift, and the following article will help!
The following article is based on a live video that was organized by OMG and promoted by Tai Lopez. We do not have a video link, but here is a screenshot.
The video was value packed, and it was hosted by none other than Bob Proctor who is considered to be the greatest speaker of all time in the topic of getting rich.
The video was only available for a limited time, but I went ahead and wrote down as much pieces of information as I can on my scribble pad. Then, as usual I am sharing it with you guys 🙂
Table of Contents
- MULTIPLE SOURCES OF INCOME WILL MAKE YOU WEALTHY – BOB PROCTOR
- IN-DEPTH KNOWLEDGE
- 1 SECRET IS TO DO “EXACTLY” WHAT SUCCESSFUL PEOPLE TELL YOU!
- 2 YOU MUST BEGIN TO “THINK” TO WIN
- 3 RESULTS WILL ALWAYS TELL THE TRUTH
- 4 THREE INCOME EARNING STRATEGIES
- 5 TRY TO GIVE, AND MAGICALLY YOU WILL RECEIVE
- 6 GO AFTER SOMETHING THAT YOU HAVE “ABSOLUTELY” NO IDEA HOW TO GET!
- 7 YOU NEED A PARADIGM SHIFT
- 8 YOU NEED TO HAVE DISCIPLINE
- 9 WHEN RICHES BEGIN TO COME THEY COME SO QUICKLY
- WHAT NEXT ?
I am going to break down the video into 9 INCREDIBLY HIGH VALUE POINTS that you can apply into your life right now.
So here they are…
1 SECRET IS TO DO “EXACTLY” WHAT SUCCESSFUL PEOPLE TELL YOU!
You have to learn from people who can “demonstrate” that they are successful.
If you do exactly what people who are genuinely successful tell you to do, its a surefire way of winning!
But the problem is that most people learn from the guy next door who has no idea how to be successful. Because they are not successful themselves. This is the way of the masses.
School teaches you math, history and science but no school will teach you how to make money, and for a very good reason.Teachers do not know themselves how to earn it, we don’t even pay the teachers properly.
Small groups who really makes things happen goes to the winners to find out. Talk to the people who has results if you want to win.
2 YOU MUST BEGIN TO “THINK” TO WIN
You have to think to win.
“Think and Grow Rich” was the book that changed Bob Proctors life 55 years ago. Bob was making $4,000 a year before he read the book Think and Grow Rich. Within one year after he read the book he was making $175,000. Less than 5 years later he was making over $1 Million a year in sales.
The business that he ran to make all that money was to clean office buildings. Nope, he did not make money selling “Get Rich” products like many other get rich gurus do, he had a genuine business. And also note that by the time he reached a million dollars in sales he had offices all around the world. So the book itself did not change his life, he took the right actions based on things he learned from other successful people. And most of all, he started thinking.
Thinking is not a random mental activity. Thinking is the highest function that our brain is capable off. As a side note, Elon Musk constantly asks his employees to think so hard that your brain actually starts hurting! When you start thinking, magic starts to happen.
3 RESULTS WILL ALWAYS TELL THE TRUTH
The way to know if you are in the right path or not is to see your results. Because results will always tell the truth.
Why is there a large gap between what people know and do? Why do many goals die before they are reached?
Because you are not taking a closer look at your results. Are you getting the results that you want? You only need to know two things to create wealth –
- Know where you are
- Know where you want to go
And then all you have to do is to move in that direction.
4 THREE INCOME EARNING STRATEGIES
There are basically 3 income earning strategies out there for you to follow.
STRATEGY 1 –
This is the strategy that 96% population are following. In this strategy you trade time for money. Your time is limited and so is your money.
STRATEGY 2 –
Only 3% population are following this strategy. In this strategy you trade money for money.
This strategy is also called “investing:. Only 3% people are investing because only 3% people have enough money to invest.
STRATEGY 3 –
Only 1% population are following this strategy because this is a “Truly Genius” way to make money. In this strategy you have “Many sources of income”.
Basically all the money that you earn from different sources of income will accumulate in one bank account. And that will make you rich!
It does not matter how hard you work, but if you are following a wrong strategy you will not become rich. Wealthiest people in the world are never seen working (As a sidenote, remember that almost all wealthy people put a lot of work previously, Before every 4 hour work week there was a 80 hour work week). If your business require your presence you don’t have a business, you have a job.
5 TRY TO GIVE, AND MAGICALLY YOU WILL RECEIVE
3% population are earning 97% of all the money in the world.
This is because these 3% population are trying to give. Try to give and you will receive! The remaining 97% bulk of population are trying to get without giving. And that will never work.
6 GO AFTER SOMETHING THAT YOU HAVE “ABSOLUTELY” NO IDEA HOW TO GET!
You have to decide to set goals that causes you to stretch! Go after something that you have absolutely no idea how to get! If you know how to reach a goal you are going sideways, you are not growing.
Purpose of a goal is to grow, side benefit is that you get.
Peter Drucker in his book Managing Oneself talks about the exact same concept. You have to transcend yourself to be a millionaire.
7 YOU NEED A PARADIGM SHIFT
Most people don’t know who they are. We are gods highest form of creation, we have power inside us that will blow our mind. We just have to develop them!
In psychology, “paradigm” is a mental program that has almost exclusive control over our habitual behavior. AND the interesting part is that, almost all of our behavior is habitual.
You need to learn from people who already achieved success in order to CHANGE those habitual behaviors. Otherwise you will get the same results.
Paradigm are a multitude of habits passed on from one generation to the next.Which means that paradigm are not your habit, they are other people’s habit! Kids learn from parents and teachers and this has been going on for centuries.
Paradigm controls the lever of most people. You need a paradigm shift. Its not who you are that holds you back, its who you think you are not! Learn from people who are successful already to achieve a paradigm shift. Find someone who is doing it and do exactly what they say.
8 YOU NEED TO HAVE DISCIPLINE
Discipline is the ability to give yourself a command and follow it. You need to have discipline to be successful.
9 WHEN RICHES BEGIN TO COME THEY COME SO QUICKLY
Well, I think that’s it guys! That pretty much covers all the knowledge that Bob Proctor dropped for us in the video.
WHAT NEXT ?
Now what are you going to do since you have all this awesome knowledge for yourself?
Here is my suggestion, look at your life right now and see where you can apply this information. Are you learning from the wrong sources? Go find a more credible source that can cut your learning curve drastically. Maybe you are working a job right now and that is not a good strategy to make money. If that is the case maybe its time for you to start a side hustle.
Most of all, start thinking.
Do let me know which video or book you want me to breakdown in a future article in the comments below. Take care!