3 Powerful Steps to Manifest Financial Abundance: Unlock Your Wealth Potential

24:59Yeah, because I didn't have to fly. I'm going around the world this time. I'm just meeting up a lot of people. It costs some money, right? But by spending so much money on hotels and airplane, look what I'm having. I'm having such a great time. You have experiences, life memories. Yes. So when I'm in a senior home sometime in the future, I think of having this conversation with you and meeting a lot of great people in the world. So I have full of memories. So if you just have, if you don't spend the money, you don't get all the fun memories. Right. And what happens to people when they speak bad about money?

25:45They complain about it. They live in scarcity. What happens? Yes, that's a good question. So think of money as a person. I always ask, you know, I talk to thousands of people at a time and just ask a big audience, how many of you love money? You know, if it's a business seminar, they say, yes. And my next question is, how many people do you think money loves you as much? And they say, I love money, but I don't know if I'm being loved by money. But feelings must be mutual, right? It's the same thing with our relationship. Even if you love him so much, if you don't get the same amount of love from the other part, it doesn't mean anything.

26:31so you have to you have to love your money and your money has to love you but if you speak bad about money what would you think or you speak bad about people who have money yes then why would money love you in return yes so uh exactly thank you for answering me yeah so that's exact uh like exactly what what i want to say if you want to be in love with money you have to be you know you have to respect your money as your best friend or your love of your life so love and money can love you back. So what are the best ways that we can start respecting our money better so that our money loves us more and wants to bring more friends?

27:11I always ask my money where it wants to go. Really? Yeah. So what do you mean? You have like a few hundred dollars in your hand and you say where Where do you want to go? Yeah, the other day I got a big check from overseas, the book I wrote 18 years ago. It's about$10 ,000. And then, oh, thank you. Thank you, money. And I asked money, do you want to stay with me or do you want to go somewhere? And the money said, I hear it in imagination, the money says, I want to go to Cambodia to help kids. Wow. And then I remember there is a friend of mine who is doing an orphanage in Cambodia. So that$10 ,000 is helping kids for fruits and electricity and the rent for a whole year, like 36 kids.

28:00So that$10 ,000 I could have used for something else, but I have already enough. So by asking the money where it wants to go, it went to the right place to bless the kids. So I'm so blessed with happy money. So if I start doing that, the more money comes in. So more money comes in from the world. And I've written 200 books. So book royalties come from everywhere. So almost like every few other days, I get money from somewhere. Amazing. Yeah. So I ask money, where do you want to go? And then I want to take your family out for dinner. That's good. So we just go. So it's not, I'm not saying that you should spend your money for somebody else.

28:45It could be, you know, I want to buy a car or whatever that is. So if you can be, if you can have some distance from money, instead of like, this is all my money, you can be free from money. Because what happens to someone who has so much extra money at the end of their life and they don't spend it? What do you think about that? Because a lot of people have a lot of extra, but then they pass it down to their families or they put it in trust and then they give it out to charities. What's your thoughts on that? I'm just saying that they're missing out on a huge thing. You know, they could have seen what your money could have done.

29:27The impact. Yeah. My mentor, one of my mentors is Junki Yoshida, who is a founder of Yoshida Gourmet Sauce in Portland, Oregon. And he donated something like$8 or$10 million worth of state to Children's Hospital. And he's in his 60s or early 70s. So he's still alive, right? He experiences it. Right. I mean, usually I hear when you pass away, that goes to something, right? But he donated the big house that all their kids grew up on, donated the huge mansion to the hospital. And I asked him, if I were you, I'd want to live as long as I'm alive. And then when I die or my wife dies together, that can go.

30:23And he said, I wanted to see how my money or how my house is helping kids while I'm alive. Don't you think it's selfish? No, no, no, no. I think you have all the rights to see how your happy money can help others. So if you just hoard your money and then die without doing anything, you are missing out the most fun because you have such an impact. You could have an impact for other people. And I think that's a reward for making so much money. Right. What is the vision for your money life for the rest of your life? Do you want to die with zero? Are you trying to give more of it away? Are you trying to make more?

31:09Are you trying to make your container bigger? What's your vision? Yeah. I may surprise you, but I'm a money in different type. You're neutral. I'm not really interested in money. Really? Yeah, because I'm not interested in growing my money because I have already enough and I make enough. So I'm not interested in money even though I'm regarded as a money group because money flows enough and goes up enough. So I don't have a goal. I don't have any attachment. And as I said, even if I lose everything, my friends would take care of me. So I don't have anything. But for humankind, I have a vision. I hope in 20, 30 years or while I'm alive, I want to see human being can be free from money or money worries.

32:03That's why I'm doing my work actively in the world. Because I don't need to get something out of people. I'm just here to share. And if you know how not to worry about money, you are going to do something else. So my question to the viewers and friends is that if you don't worry about money, just even the slightest bit, what would you do? What is a project that you want to start? And that is something you have to go right away. Yes. What would you say to parents on the three most important things they should be teaching their children? Okay. As they get into, you know, after five years old, as they start learning about money and the material world, what lessons should parents be teaching their kids about money, in your opinion?

32:54Great, thank you. So I used to, and I think I'm still teaching my child. She's 24, so she's grown up already. But the first thing I would teach is money is fun. So if your kids know that money is fun, so we used to sit on a dinner table, just say, I have this, say,$10 ,000 to donate. What do you want to do? You can help rescue the animals. You can help the environment. You can help the homeless people. What do you want to do? And when we give presents, what would you want to do? So my daughter grew up thinking money can do so many wonders. So if all our kids learned money is a magical wand to make people happy, I think people are more excited about getting the money.

33:50So they have no negative ideas about money. And imagine what if all the child have never been scolded for wasting their money. I think we'll be so stress-free because a lot of worries come from the need for survival, and it's attached to money. So once we are free of money stress, I think our life will be so different. Yes. Yeah, so if you can teach money is a fun thing, that is a great starter. Okay, number one, teach the money is fun. And also, I want you to teach your kids about money and emotions. Because those things are not taught at school. Because even though your child is grown up with positive attitudes, your friends may not.

34:48So they're trying to compete with you of how much they have allowances, allowances or like this is my new iphone something yes or like this is my sneakers or whatever that is and then uh people try to manipulate you yeah with emotions so if you start teaching uh you feel bad about money you feel ashamed of money you feel guilty about around money we all feel some emotions yes so if you start teaching emotions about around money i think your kids will be emotionally free from money stress. Yeah, they won't be comparing themselves to others who have more. Right. They'll feel good about themselves.

35:28Right. Yeah. And I think related to that, I probably share, I once shared with my daughter, you know, I'm not the wealthiest man in the world. I have enough money, but I don't call myself, you know, the tycoon or whatever that is. I don't have a private jet, right? So, but I'm financially independent. and free. So I teach my daughter that about many emotions and at the same time I have a lot of emotions too. Sometimes I feel guilty, sometimes I feel shame. Really? Yes. Around money or around? Yes, around money or everything. Why do you feel guilty or ashamed? Like say all my students have less money than I do.

36:15So sometimes I used to feel, sometimes I feel I'm taking advantage of other people. I don't need to get money. So sometimes I do seminar for free. But anyway, so I feel shame, guilty, guilt around money. So I share that with my daughter. How do we eliminate those negative emotions? Like how do you get rid of those? You cannot. Really? Because it's... It's human nature. As long as you live. Say you're very happy, but if the person right next to you is crying, you know. You feel bad. You feel sorry for her. So sometimes you may feel about guilt for being happy. So sometimes I feel guilty when my author friend is saying, Ken, my books are not selling well.

37:07I'm so sorry. Yours are selling so well. Yeah, so I feel guilty. I feel ashamed, so many things. So I'm teaching my daughter that this is very natural. Gotcha. But the bad things happen if we try to manipulate our feelings by compensating, working hard by working hard, by saving what. So I'm just joking. If I could become a prime minister of Japan, I'm going to print every note of banking note said, making too much, worrying too much, and spending too much can be hazardous to your health. I like that. That's good. Okay, so the first thing to teach your kids is money. Money is fun. You can make people happy with it.

37:50The second thing is to learn about money and emotions. Yes. These things are natural to have emotions around it. The third thing, the parents should teach kids about money. More you give, more you receive. So you don't have to work so hard to get the money. But if you want to get more, you have to give more. And to do that, you have to be loved by people around you. You have to have many friends. So to do that, you have to have a good relationship, relationships with people. So relationships are everything. In North America, it's very individualistic. So you eat your own food, you eat your own thing.

38:31And since you're five, you're so used to taking examinations. You never had examinations with three of your best buddies and coming up with the right answer. I think we should. But it's so individualistic. So you cannot talk with your friends while you're having an examination. You can't collaborate. Right? Hey, Bill, what do you think? Number three. Okay, thank you. It doesn't work that way. And then it's up to your 20s and 30s. So especially in North America, everybody seems isolated because you can talk about your sexual problems or financial problems, your emotional problems with your best friends.

39:08So you hang out and go for a glass of beer and just watch the sports. But you're missing out the most quality moments, which is share your problems because your best friend may have the exact problem. You might have a deeper connection. Right. So you have to really have this mentality of being supported by friends. So do more and receive more. So by hearing that, you know, you don't have to worry about taking advantage of other people. Something is not fair. The rich is doing something bad. It's nothing. It's not over your problem. You focus on what you give and what you share and then you receive.

39:54The earning of money is an exact science, and it's governed by law. The amount of money you earn is in direct ratio to the need for what you do, your ability to do it, and the difficulty there is in replacing you. It's the need for what you do, your ability to do it, and the difficulty there is in replacing you. Now, in this business I'm in, you can earn an awful lot of money because there's a tremendous need for a person that does what I do. I've traveled all over the world from Shanghai to Buenos Aires to all over Europe, Asia, everywhere. Everywhere they need what I've got. There's a tremendous need.

40:46I can earn more money than a neurosurgeon.

40:52Now, everybody has a brain, but not everybody needs it operated on. They need it operated in a different way, the way you do it. It's the need for what you do, then your ability to do it. So if a person, if there's a great need for what a person's doing, then they've got to get really good at it. So you never stop getting better at it. you're good at what you do. And I don't mean to flatter you. You are just good at it. I watched you do it. Thank you. And you do it, like I was mentioning, you're sort of the...

41:33Well, you're much the same as...

41:38You're on a blank on his name. You're talking about Larry King? Larry King, yeah. Because Larry was a master. Larry never talked about Larry. He never, it was all about you. You never heard him say I. It was always about, you know, interviewing the person. So there was a great need for what he did. He was entertaining a lot of people. His ability to do it, he was very good at it. So he was very difficult to replace. Now, when you're difficult to replace, your stock goes up.

42:13Yeah.

42:16We've got to learn how to earn money. And most people don't know how to earn money. Most people think you go to work to earn money. You know, I was in a seminar in Phoenix, probably a couple of years ago now, and this guy came over and talked to me. I knew him, not well, but I knew him. And he was a doctor. And he told me he was thinking of quitting. I said, why are you going to quit? Well, he said, the medical profession's all messed up now. He said, you got to put in more time to earn less money. I said, well, that's true. But I said, why'd you become a doctor? Well, he said, I love it. I said, what the hell?

43:03The fact that you're earning any money is a plus. You don't go to work for money. You go to work for satisfaction. There's two rewards in life. One is material and the other is psychic. We shouldn't work for money. We should work for satisfaction. You provide service to earn money. Take some recording stars. My God, they earn millions on a recording. But look at the millions of people that are being entertained. Construction workers, air flight attendants, restaurants. there's the music playing entertaining all the people that can hear that music so they're entertaining all the people and that's where it's coming you see you do what you you work at what you love to do and you'll get tremendous satisfaction like I love what I'm doing I would do it for nothing if I had to but I just love it I really love it and so the fact that I love it why would I want to do anything else?

44:11And that's what I said to him. You get satisfaction from what you do and what you love to do. So every day when I get up and go to work, I'm doing what I love doing. You provide service to earn money. I have all kinds of stuff that we have, stuff that we sell, programs that we're selling. Somebody buying them now, I don't know who they are or where they are, but I'm earning money right now while we're talking. And when I go to bed tonight, I'll be earning money, and they'll learn it all night. And I like that idea, you know, because we're providing service. So I think we have to get the money straight in our mind, and I don't think most people have it straight.

44:51If you... If people don't... You were mentioning if a person didn't like to talk about it, they have a problem with it.

45:04So start talking about it more?

45:10absolutely yeah if there's somebody that that you're around a partner an associate or something and they really don't want to talk about money you um i think there's a problem there yeah if someone came to you and has struggled with money their entire life whether they're in their early 20s or they're in their 40s or 50s and they asked you, Bob, what do I need to do to make my first million dollars? What would you say are the most important things they should think and act on next? Well, first of all, they got to believe that they can earn the million dollars. They got to develop a belief system.

45:58Our belief system is based upon our evaluation of something. And frequently, if we reevaluate the situation, our belief about it will change. We've got to understand that money is easy to earn. I work with our sales staff all the time, helping them learn how to earn more money. I work with members of our staff, different members of our staff, helping them develop the desire to earn more money, and then I show them how they can do it. and

46:32how do we believe if we've never seen evidence before or gotten results before of earning it yeah it's through the repetition of it through the repetition of of writing it and believing it I had a I had an affirmation that I used for years still use it I'm so happy and grateful now that money comes to me in increasing quantities through multiple sources on a continuous basis I am so happy and grateful now that money comes to me in increasing quantities through multiple sources on a continuous basis. I just keep repeating that like a mantra. And you write out, you know, I'm so happy and grateful now that I have in my possession a million dollars.

47:13And that's where you started out intellectually. Then you get emotionally involved. And if you keep doing that, ultimately, you're going to attract the money. And you've got to ask, how can money be earned? Money can be earned in all kinds of different ways. We have a company, MSI Connect. It's a pet of mine, not my partner's. I don't think she's too loved with it. I think it's a neat company. MSI is Multiple Sources of Income Connect. And there's a lot of people there, and they connect with each other. And they set up joint ventures with each other. They set up affiliate things with each other.

47:52You can buy different things there. People sell stuff there. You know, they study money there.

48:03You've got to get into an environment where money is talked about, where it's understood. You know, it's interesting you say that because for years, I have studied money at different levels. and those levels of studying have gotten me to those results. But I've never been able to really, you know, but there's always a cap and you've got to learn something new in order to break through that cap into a new level. And I've never really understood the stock market. I've always just invested in certain things and allowed them to just work on their own. But I've never actually taken full ownership of learning it myself.

48:47I've always had a financial advisor and things like that. And now I said, you know what? I just want to understand the stock market. I want to learn it because I don't know. I'm still uneducated. I don't even know how to buy us. I bought my first stock like a few months ago myself. I've invested in stocks and index funds, but I've actually learned how to do it myself. And I was like, I need to find the best people that are doing this and learn from them and have conversations with them. And it's been amazing in a short amount of time by surrounding myself with people that are doing at an astronomical level, just by having a couple of conversations, taking the risk and doing it myself and trying it and learn and fumbling around, having no clue what I'm doing, I'm already seeing growth in a couple of months.

49:31But if I didn't have the awareness to ask those questions and surround myself with that knowledge and then apply it and continue to learn from it, I'd still be stuck to where I was before. And so I think that's what we need to, I love the way you talk about the environment, about constantly being curious, asking these questions and having the conversations because it doesn't matter how successful we are, we'll be stuck to a level of our past knowing until we break through and find a new knowing. I'm curious, for those who want to learn the millionaire morning routine, they want to master this, they want to learn what do those millionaires or billionaires do with their morning routine, you've already shared a few things that you do.

50:12What would it look like if you had 90 minutes in the morning to set yourself up to reprogram your money mindset? Well, I don't think it would take you 90 minutes. You could spend, oh God, nine minutes. If you just write down, write this down right now. I am so happy and grateful. I am so happy and grateful now that I have multiple sources of income.

50:53I am so happy and grateful now that I have multiple sources of income.

51:04You know, if you write that out every day for the next 30, 60 days, you're going to become very, very aware of having multiple sources of income. Wealthy people all have multiple sources. They don't have one or two. They have a whole bunch of them. I don't know how many sources of income I've got. I'm not even interested in figuring it out because somebody else looks after that. I don't look after it. But I do know that you can do that. That's what Keith did it down in New Orleans. God, he just, his life changed so dramatically. And I'll show you different things you can do because anyone can.

51:49You want to set up multiple sources of income. You know, I was flying on a plane to KL. I used to fly Toronto to KL once a month and back. It's 25 hours near one way. So when I'm in the air, I either work with names, words, or numbers. And I wrote down one with six zeros. And I thought, what is the big deal about a million? You know, you often hear people say, what would you do if you had a million, if you won a million?

52:25And I got thinking about it, and I played with that on the plane for quite a while, and it dawned on me they do not have one source of income. They don't have a job. Now, some people have a job, earn a million dollars, but that's the unusual one. and then I got playing with it further and I broke it down, they'd have more than one and then I got it in multiple sources and then MSI. Well, then I got thinking, we should run a seminar, teach people, turn a million dollars by setting up multiple sources of income. And when I got off the plane, I phoned Mark Victor Hansen down in Newport Beach, I was in KL, I woke him up in the middle of the night And I got talking.

53:14He says, great idea. So we started the Million Dollar Forum. And he got involved in Bernie Dorman, who just passed away, and Jack Canfield, Lee Poulos. In fact, that's where the Chicken Soup for the Soul books came from, from that particular seminar. And we were teaching people to set up multiple sources of income. Well, they earned many millions from that. But that's where that started. it. And you are in a beautiful position to set up all kinds of sources of income. So when you think of wealth, you know, you might only earn$10 ,000 or$15 ,000 from one source. You might earn$200 ,000 or$300 ,000 from another.

53:58But you have a lot of them. Right. And that's where you'll earn wealth. Like, I don't invest in the stock market. my wife's bought stocks, Sandy buys stocks I think. I just don't pay attention to it. It doesn't interest me. I'd rather earn it by thinking putting an idea to work than let the stock market do it for me. That doesn't excite me. I'd rather sit here and think. If I sat here for another hour after we got off, I could think of a way of creating a source of income. And it would be a damn good because they're all good. I'm very creative. My mind is conditional on that level. Yeah. What do you think are three skills everyone should learn in order to generate more wealth and generate more income for themselves or just to improve the quality of their life in general?

54:58What are those three skills you wish everyone could master? You've got to be fairly creative. You've got to have a free flow of energy. energy has to flow through. You can't be stubborn. You can't lock in on something and not want to let go of it.

55:16You've got to have a free flow. You've got to be interested in ideas, new ideas. You were talking about not wanting to watch television. I don't watch much. I love watching Shark Tank, though. Yeah, it's great. I just interviewed Kevin O 'Leary yesterday. Yeah, he's great. well well they were you worked with him yesterday just a I just had Kevin O 'Leary on yesterday yeah well you see now that guy's mind it's amazing the way it works yeah but you watch all of them all those sharks their mind it works like a rocket you know and they break things down somebody will say something they break all kinds of things down from what the one thing the person will say they They are very, very sharp, every one of them.

56:07And Kevin is certainly one of the sharp ones on there. But they all are. You know, I don't know if there's one any sharper than the other. But they've got a very free flow of ideas. Yep. So flow of energy, free flow, interested in new ideas. What's another skill? I think you have to be service-oriented. You really have to be thinking of how to do things for people, how to help people. because money is a reward received for service rendered. Yeah. It's hard to help others when you're always consumed with the negativity in your own life and the mentality. That's why poor people remain poor. They're so locked into their problems.

56:53But if you... Listen, if a person is like that, Let's suppose they're really locked in on problems, but they hear what I've just said. They really got to think of serving others. How can I serve others? How can I be of greater service?

57:16You're going to figure it out. Discipline yourself for, let's say, 30, 60, 90 minutes a day, sitting down and thinking of writing down 10 ideas that could be of service to other people. And you probably won't get very good ones for the first little while, but if you keep doing it, they'll keep coming. Absolutely. Or you'll try stuff in the beginning and you'll learn something from those efforts and you'll realize how to make them better and maybe don't stick with them. When I started, I was like doing stuff, just hustling around, trying to figure it out. and you realize what doesn't work for you until you realize what does work.

57:56What's something else you recommend doing in the morning routine? I know you mentioned writing down this sentence every day. I'm so happy and grateful that now I have multiple sources of income. What other things would you recommend for people to develop that millionaire mindset in the morning? Get books on money.

58:20you too can be prosperous is one you that was the one by robert russell you too can be prosperous think and grow rich the master key to riches by napoleon hill get reading these books get a partner to read them with the partner doesn't have to be somebody you're living with could be someone the other side of the country i hope you enjoyed today's episode and it inspired you on your journey towards greatness make sure to check out the show notes in the description for a full rundown of today's episode with all the important links. And if you want weekly exclusive bonus episodes with me personally, as well as ad-free listening, then make sure to subscribe to our Greatness Plus channel exclusively on Apple Podcasts.

59:02Share this with a friend on social media and leave us a review on Apple Podcasts as well. Let me know what you enjoyed about this episode in that review. I really love hearing feedback from you and it helps us figure out how we can support and serve you moving forward. And I want to remind you if no one has told you lately that you are loved, you are worthy, and you matter. And now it's time to go out there and do something great.