by Brian Tracy
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Financial independence is the American dream, yet for most people it remains elusive. In this 60-minute audio, Brian Tracy provides 21 laws of money that helped him and many of his students go from rags to riches.

Twenty-one laws are a lot to cover in an hour, so no one law is covered in depth. Tracy spends at most two to three minutes per law, gives brief examples of the law in action, and gives you a few tips on how to put these laws to work in your life. Here were my top six takeaways:

1. Decide to become wealthy – To become wealthy, you must overcome your limiting beliefs about money. People become wealthy when they decide to become wealthy – and then take the appropriate action steps. This isn’t merely about visualizing yourself with incredible riches, but deciding you won’t live as you currently are any longer and taking steps to change for the long term.
2. Find ways to create value – Money is the medium through which we exchange goods and services. We work for money, which we then use to purchase stuff. We negotiate the rate our labor is worth, and our customers and employers pay us based on their perceived value of how our work will benefit their companies or personal lives. What you are paid depends on the work you do, how well you do it, and how easy it would be to replace you. If you want to increase your wealth, you must increase the value you provide.
3. Never stop learning – Personal and professional development are critical to increasing your wealth because the more you know, the better you can do your job, the more valuable you become to your customers and employers, and the harder it would be to replace you.
4. Think long term – It is human nature to want instant gratification, but often our short-term objectives conflict with our long-term goals. Successful people are self-disciplined – they can make themselves do what they need to do whether they feel like it our not. They also prioritize focus on activities that will provide the biggest long-term rewards and put them closer to their goals.
5. Save and invest – It’s not how much you make, but how much you keep and what you do with that amount. Successful people live frugally, save at least 10 percent of their paychecks, and make sound investments that will grow and compound over time.
6. Success starts with baby steps – Accomplishing big goals starts with taking small steps each day. At first, getting into the habit of reducing debts, saving, and living frugally may be difficult, but as you make it a habit, it will become easier for you to continue.

The 21 Unbreakable Laws About Money offers a big-picture overview of how successful people look at money and wealth. This isn’t a step-by-step guide, though it is a nice introduction to wealth-building with practical advice that may change how you think about money. For those who want more hands-on training, Tracy pitches a more-expensive “Millionaire Maker” home study course at the end of the CD.

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