Modeling Success- It's All In Your Mind

Welcome back to the Wealth Practicum - A practical application of tools, techniques and approaches to creating wealth in the 21st century.

Today, we're going to discuss the concept of modeling. One of the most critical actions to take when achieving your goals is modeling the person who already has the result you want to achieve. I think that many people get stuck though in modeling actions or steps. While it's important to understand the things that a person has done to achieve the things they've achieved, I believe its MORE IMPORTANT to study, then model how the person thinks. We've learned that how a person thinks is the single most significant driver in the results that manifest on the outside. I would rather understand how a super achiever thinks than just simply the steps they've taken to accomplish some huge goal.

I've been studying Tiger Woods this week a bit. There was an awesome article in Golf Digest that really broke down his swing and his game to almost painful minutiae. I never knew there were so many derivatives of swing psychology or structure to work on- guess that's why I shoot 95 and Tiger's the #1 golfer in the world. Obviously this guy has a great deal of natural born talent, but so do others. Why Tiger? and Why the overall consistency in phenominal results? I really believe it's how he thinks that leads all the other actions and results that he's able to produce. A couple things stand out 1) He's intensely competitive. He wants to win every time and he wants to be the best. It eminates from him in everything that he says and does. It's clear that the standards to which he holds himself are exact and demanding. He practices intensely to correct minor flaws in his game, that left untended, would result in deteriorating results. Again, it's not what he does necessarily, but it's how he thinks about what he does that's critical. 2) He actively visualizes the end result. They say that Golf is the ultimate mental game. Tiger understands that in order to produce the result on the course, he must first produce the result in his mind - Visualization is such a powerful tool. He's been known to walk the course dozens of time before a tournament simply visualizing shots from various lies and locations. When he playing the tournament, he's already completed every stroke he will take - in his mind. Again, it's how he thinks that is the ultimate instruction here on achieving goals. Next time I'm on the first tee, I'll take a moment to close my eyes and visualize a perfect, smooth swing that launches a rocket down the center of the fairway about 325 yards - my golf buddies are amazed at my newfound capabilites..... hey, it doesn't hurt to visualize right?

Back to Modeling. If we want to model not only what someone does, but how they think about what they do, look at the result. I recently saw an hour long interview with the great Warren Buffet on CNBC that was brilliant. As you know, Buffet recently gave to the Bill and Melinda Gates Foundation the biggest charitable donation ever. Gates was commenting on his first meeting with Buffet, "I was intrigued with the way he thinks", Gates said of Buffet. Interesting that the richest man in the country said he was focused on how Buffet thought, not the new company he acquired, or the airplane or the private island he bought or something.

So, the next time you have a goal or a result you want to achieve, find someone who has already achieved that goal and model them- but model their mind, not just their actions and watch the results manifest for YOU that you deserve.

Wealth Practicum - Creating Wealth for the Average Joe

Welcome to the Wealth Practicum. Matt Hempel here - just another ex-corporate guy now working from Home with an internet based business making a fortune. I'm very straight with people when they (usually ex-corporate colleagues, or other acquaintances) ask "how do you make so much tangible, real, spendable, investable money working from home"? After researching this question, and really analyzing how it works, and why it works for me, and many other self-made entrepreneurs, the answer is quite simple -- irritatingly so, actually -- IT'S ALL IN HOW YOU THINK. www.richnewlife.com

The WEALTH PRACTICUM. I'll be back on a weekly basis and really expose you to some very real tools, techniques, practices and disciplines to provide you with the capacity to create wealth in your life. After all, isn't that what a Practicum does? -- It is the practical application of theoretical concepts to produce a tangible result.

Let's start with the first concept -- "BE, DO, HAVE". This is the basic principle upon which all else it built. It's basic blocking and tackling. It's learning the alphabet in order to read and write. It's fundamental to YOU acheiving the end result you desire - whether it's a burgeoning bank account, or a whole and complete relationship. Be, Do, Have - use it and get results.

BE, DO, HAVE.....

Understand that most people in the world follow a different principle called Have-Do-Be. These are the people that always say, if I only had more money I could invest, if only I had more time I could start a business. If I only had bla, bla, bla, I could then be wealthy.

Now most of you have heard the national statistic that 97% of the people by age 65 are either dead or dead broke.

The reason is, these people think that making more money and having more time has to do with working harder or getting lucky and has nothing to do with the way they come to making a decision.

Most people when you talk to them and ask them what they want out of life say things like, I want to spend more time enjoying life and be able to travel the world, yet statistically only 21% of the entire population even have a passport, however 54 Billion dollars was spent on lottery tickets in 2005 alone.

Which group of people do you think are more likely to travel the world?

Exactly.

Now let me share some statistics of the people who are waking up literately in the thousands each day to a new way of thinking.

Currently there are over 8 million people who have a net worth of a million dollars.

600,000 people entered the world’s millionaire group last year alone

And there are currently 430,000 US households that have a net worth of 10 million and up.

What are these people all of a sudden learning? They are learning about the principle Be-Do-Have.

Let me share it with you.

The Be-Do-Have principle says that in order for you to have something you must first take on that roll of already having it. So if your goal is to be a Millionaire then every choice you are given on a daily basis you simple ask yourself the question: If I already was a millionaire what would I choose….

Be-Do-Have is simply, Be the person first, do what that person would do then you will have what that person has.

To make it stronger, what I do is pick someone who is already making the kind of money I want to be making.

For example Donald Trump or Howard Hughes.

So if given a decision which I feel will take me closer to my goals but seams to be bigger then I can handle at the time, I simply ask the question “what would Donald Trump do?” and I immediately get the answer.

So what ever decision you are faced with that you feel you don’t have the money or the time to take advantage of a situation simply ask yourself the question if I was already a millionaire what would I do?

It really is as simple as that.

If what I am saying defies logic for you then there is no doubt that you are going to one of the people who are dead or dead broke by age 65.

If that’s the case I would heavily study the Be-Do-Have principle until I did understand it because whether you know it or not or whether you believe it or not. The principle does apply to your life.

This is Matt Hempel - see you next week on the wealth practicum report. www.richnewlife.com