Secrets Of Self-Made Millionaires by Brian Tracy

Success is not an accident.

You can learn the necessary knowledge and develop valuable skills.

Then you need to take action.

I highly suggest you listen to the audio while reading my notes.

Let's dive in.

The Video

Key Concepts & Ideas

The Law Of Cause And Effect

  • Sowing And Reaping
  • Action And Reaction
  • The Great Universal Law
  • The Iron Law Of The Universe
  • "Everything happens for a reason"
  • "There are no causeless effects"
  • If you can
    1. define an effect that you want, you can
    2. trace it back and find somebody (who at one time did not have that effect),
    3. find out what they did (model their actions/process), and
    4. then do the same things to
    5. eventually, get similar results.

“Success leaves tracks.”

Use proven success methods.

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Nothing Works The First Time

  • Don't move to "someday-isle"
  • Keep on pushing
  • You have to become a totally different person
  • You have to develop qualities on the inside to become highly successful
  • The process takes time

“Skills are learnable.”

You're Probably Only One Skill Away From Doubling Your Income

  • Continue reading and maybe something jumps out on you
  • You can learn almost any skill

Dream Big Dreams

  • Practice "back from the future"-thinking
  • Develop a vision of yourself as happy, healthy, thin, rich, ...
  • Imagine yourself as having everything you want
  • What would it look like?

Do What You Love To Do

  • Love your work
  • Find something you love to do, then find a way of making a living of it

Commit To Excellence

  • Very important
  • All people who are successful are really good at what they're doing
  • Pay any price and make any sacrifice to get into the top 10% of your field
  • Everybody who's doing exceptionally well once started at zero
  • The time is going to pass anyway, so use it wisely

Develop Your Unique Talents And Abilities

  • Everybody has certain talents and abilities
  • Everybody can do certain things exceptionally well

See Yourself As Self-Employed

  • The top 3% see themselves as self-employed
  • I'm responsible
  • I'm in charge of my life, 100%

Develop A Clear Sense Of Direction

  • become intensely goal-oriented
  1. Define exactly what it is you want
  2. Make a plan on how to get it
  3. Resolve to pay the price it takes

“Do something every day that moves you one step forward towards your major goal.”

Refuse To Consider The Possibility Of Failure

  • The fear of failure is the greatest single obstacle to success in adult life (it's not failure itself, it's just the fear of it!)
  • There's no such thing as failure, there's just feedback
  • Pick yourself up, move forward
  • Fail over and over again, until you succeed
  • Work with the feedback that makes you smarter
  • You have to experience the failures to finally succeed
  • Always seek the valuable lesson in every setback or obstacle or temporary setback

Dedicate Yourself To Lifelong Learning

  • Personal development is key
  • The ability to learn new skills is critical
  • Continually learn and upgrade your skills
  • Read in your field 30 to 60 minutes each day
  • Take courses and attend seminars
  • Listen to audioprograms

“You cannot afford to not buy books and courses.”

Develop A Workaholic Mentality

  • In order for you to win you have to work harder and smarter than 90%
  • When you work, work. Don't play.

Get Around The Right People

  • Your reference group dictates your level of success
  • We absorb the attitudes, opinions, behaviors, thoughts, style of dress, style of speech, worldview, ...
  • Choose your relationships with care

Be Prepared To Climb From Peak To Peak

  • Life is always up and down, cycles and trends
  • What is the direction of your trend?
  • Two steps forward, one step back
  • The curve generally has to be upward

Develop Resilience And Bounce Back

  • Most things won't work
  • You'll be constantly knocked down
  • Learn to get up again
  • Mentally prepare for the inevitable downturns
  • All of life is a continuous stream of problems
  • Look for solutions

Become An Unshakable Optimist

  • Think and talk about what you want, most of the time
  • Constantly feed your mind with great ideas
  • Learn more things
  • Try more things
  • Persist. Never give up.

Develop The Qualities Of Courage And Persistence

  1. The courage to begin/launch (with no guarantee of success)
    • Think.
    • Plan.
    • Make decisions.
    • Take action.
  2. The courage to endure. The courage to persist. The courage to never give up.

Quality Of Self-Discipline

  • The "Master-Key To Riches"

“The ability to make yourself do, what you should do, when you should do it, whether you feel like it or not.”

I hope you enjoyed my notes.

Stay awesome,

Your Online Business Dude

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