How To Turn Your Yearly Income Into Your Monthly Income - Bob Proctor [ The Law of Compensation ]

Bob Proctor teaches How Money is Earned, The Law of Compensation, and explains the difference between the Three Income-Earning Strategies: M1, M2, and M3.

Imagine making money without working for it. Sound impossible, unless you’re investing it? Well, it’s not. Thousands of people are making twice as much money without working twice as long. In fact, relatively speaking, they’re hardly working more at all. How are they doing it? Through Multiple Sources of Income (MSI). MSI should be viewed as passive sources of income, not another job. Why? Because if you get a second or third job, you’ll have to trade your time for money, and eventually you’ll run out of time. Virtually all wealthy people have several little “streams” of income coming in that eventually build into a “river” of wealth. I’ve been a huge proponent of MSI ever since I passed out on the street in the mid-1960s from working too many jobs. For more than half a century, Bob Proctor has been the foremost authority in the personal and professional development field. Bob Proctor has dedicated his adult life to helping a world of individuals realize and act on the greatness they already possess within themselves. He’s widely regarded as the grandfather of personal development, and when it comes to mastering the mind – he is simply the best. After meeting Bob Proctor, Sandy Gallagher, an esteemed banking attorney, created Thinking into Results – the most powerful corporate transformational program of its kind. Sandy is now the Co-Founder, President, and CEO of Proctor Gallagher Institute. A genius businesswoman and visioneering expert committed to improving the conscious awareness of the entire world, one individual at a time.

The good life's expensive. "There's another way to live that doesn't cost as much, "but it isn't any good." Well, a lot of what he said is true. Many years ago, a man gave me this book, Think and Grow Rich. I was flat broke. I had always been flat broke. I had never had any money. I was 26 years old, I had two months' high school and no business experience. He said, "Bob, you read this, do exactly what I tell you, "you can have anything you want." Now, I really didn't believe that, but I believed he believed it. And I said, all I want is some money. I figured if I had enough money, all my problems would go away. See, I was earning $4,000 a year, but I owed 6,000. If I had paid every cent I owned, or earned, in 18 months, I would have just broken even. So I really didn't think I was going to be able to change that. Do you know that within a year, I was earning 15,000 a month. I went from 4,000 a year, to 15,000 a month, within a year. Now, I hadn't got that much smarter. You don't have to be very smart to earn money, but you do have to understand some basic rules, and that's what I want to talk to you about.