Raymond Jewell: [00:01] Wealth. This is why the rich are rich. This information will make you think differently about wealth creation. Stay tuned.
Announcer: [00:23] From Philadelphia, the home of the Liberty Bell, Financial Freedom Radio starts now. Here’s your host, Raymond Jewell!
Raymond Jewell: [00:25] Welcome everyone to Financial Freedom Radio. My name is Ray Jewell and I’m going to be your host for the next 30 minutes while we go into some very clear information. I’m going to make this information clear to you today, but first I want to introduce our engineer, Steve. How’s it going today, Steve?
Steve Bailey: [00:50] Hey Dr. Ray, how are you today?
Raymond Jewell: [00:53] (laughing) We had no sound there for a minute, Steve.
Steve Bailey: [00:56] And you didn’t need to point that out, Ray. I make mistakes every now and again. Hey, it’s a live show.
Raymond Jewell: [01:03] Steve has got all these buttons and everything. Sometime, we’ll show you what goes on behind the scenes because it’s all these lights and everything going off and he’s got to remember what to push. Sometimes the wrong button gets pushed.
Steve Bailey: [01:17] Sometimes I push the right button and the wrong things happen.
Raymond Jewell: [01:21] Yeah, I hear you. So, we’re going to talk about what we talked about last week. I’ve gotten some feedback where some folks have said that you’re repeating yourself. That’s what we’re doing, repeating ourself. This information has to be repetitive. It may sound simple on the surface, on its face, but when you go to practice this, it is very difficult. Even though it’s simple, it’s hard to do. That’s why I want to go over this over and over again to make sure that we get these concepts in our mind. So bear with me in the repetitive part of this because it will eventually become second nature to you. So, as we go through this information, you’ll hear me repeat imaging. We’re going to review what we went over last week. We’re going to review the financial imaging and why do it. In studying the behavior and lives of people, it’s easy to see a difference between people with wealth and people without wealth. What do they do differently? The wealthy and successful people have learned to understand wealth and success as an image or picture. Somewhere in their life they figure this out. So wealthy people understand that they can picture, in their minds, through an image, what they want in life, what their wealth is going to look like to them. These formulations come from multitudes of sources. They’ve either grown up with wealth and understand what it looks like. Wealthy children have that gift or at some point, they’ve developed a clear picture by reading classics. If you look back in the historic figures, Carnegie, Rockefeller, they all got their formulations of wealth from reading.
[03:34] So, let’s look at why they do it. Historically, the wealthy have used their own imaging process by implanting in their minds a working picture of their lives from beginning to end. They have learned how to do that. They decided early on what they wanted and programmed their minds to that image. They didn’t waiver, failure was not an option, they didn’t change the course, they didn’t become impatient, they stayed focused on what they wanted, and they got it. I’ve found in my research, I’ve been doing this for probably now over 40 years, that the mental image of the wealthy is always kinda changing. As they acquire a certain level of wealth, they may change the image and raise it. It’s kind of like a movie of their future that’s constantly running in their mind. So, when we look at the wealthy and how they do it, we need to understand that their image is constantly being upgraded and it’s fascinating to note that failure is never an option in their imaging of their lives. They assume that everything will go their way, and any obstacle that gets in their way, they view it as a minor setback as it relates to the big picture. So they’ve got in their mind where they want to go and anything that gets in their way, I liken it to driving a car. If you drive a car down a highway, you’re looking all the way down to the end of the road because you don’t drive a car looking over the hood. If you look over the hood, and you hit a pothole, your brain tells you you just hit the grand canyon, but if you’re looking all the way down the road, you can see the pothole coming and you can go around it. That’s what life is. The further down the road you can picture where you’re going, the less problems become major obstacles. They become minor obstacles. You can see wealthy people as they navigate through all sorts of problems in their lives. It becomes inconsequential because, in the big picture, they don’t matter. This is where they’re going. These little potholes don’t matter.
[06:22] As I said though, the wealthy are constantly changing their image. For example, when they’re able to buy a new Mercedes, then they eventually say I want a Ferrari. As their wealth starts to increase, they start to change their mindset. It’s a dynamic process and life is always in forward perpetual motion. Life is always in forward perpetual motion and I’ll say that several times. Life is always in forward perpetual motion. The world does not go backwards, it goes forwards. Everything evolves, evolution evolves. We are always evolving with our image of where we want to go. The wealthy are always staying focused on what they want in the future. As they get it, it evolves further.
[07:22] So, let’s look at several of the things they don’t do. One is speculation. You’ve heard me say in the past shows that the financial institutions operate on four basic rules. I’m not going to go over them. If you want to find this information, you can go to https://www.youtube.com/financialfreedomradio. You can pull up these and get the past recordings, you can freeze the screen, you can copy this stuff as we put it up there. One of the things they don’t do, because they understand that the financial institutions are not their friend and do not create wealth, they are the wealth creator, is they don’t speculate. When I was reading a biography on John D. Rockefeller by Ron Chernow, the book was entitled Titan. He was always perturbed when he got sucked into speculation because he always lost in the stock market. In all cases, he said he worried more about the stock speculation than he did about running Standard Oil. Andrew Carnegie was very clear about this in his book. He said, “Anyone who speculates is foolish”. He said “One should put all their eggs into one basket and then watch the basket”. But what do the financial planners and financial institutions tell you? You could speculate with a certain portion of your portfolio and all that nonsense. You need to not get distracted off of your mission. The wealthy people do not get distracted off their mission.
[09:08] Here’s another thing Carnegie very wisely said, “The problem with the American businessman or professional is lack of concentration”. Which means they can’t stay focused. The American businessperson is so focused on immediate gratification, they don’t stay focused on the whole mission. What you have to do as a wealth creator and what the wealthy people did is they selected what they wanted to do and dedicated their life’s work to it. Carnegie was in the steel business, Rockefeller was in standard oil. He never deviated from standard oil. Vanderbilt was in the shipping business and then went into railroads, he was in the transportation business. As you read wealthy people all the way through their history, they stayed focused on what it was they were doing.
[10:05] Now, let’s look at creative thinking because these folks are masters at creative thinking. The ability to think creatively has been one of the defining characteristics of all these great titans of wealth, all these great wealthy people that you read about. Creative minds are able to tell the difference between what is seemingly impossible and what is genuinely possible. Here’s an example: Eastman Kodak, Kodak Camera. How did Eastman know that there was a mass market for photography when few people had ever seen a camera? Think about that. Similarly, how did Carnegie know that steel, once sold by the pound, would in the new industrialized world, be sold by the ton? This is one of my favorites. How did Ford know to stick with low priced cars in the early years of the industry when rival automakers in America and Europe kept moving up-market and there were no roads to drive the cars on? How did he know? How did Watson know that the future lay in a small company that made tabulating machines, that’s IBM. Here’s another one. Revson, Revlon, heard of that company? How did he know in 1932, during the depths of the depression, that there would be a profitable market for high fashion nail polish? How did Walton know that small towns could support big stores?
[12:09] You could go through these. There’s more and you can read them. I think I’ve got a few up on slide six here, Steve if you can pull that up for me. Ford didn’t care that the United States had few passable roads for its automobiles. They just stumbled on old fields because there’s no place to drive them. Elon Musk, the creator of the Tesla Automobile, created an electric car and there was no place to charge them! Now there’s charging places all over the country and, I guess, the world. Here’s the one you can identify with. How did Steve Jobs know that people would accept and pay the high price for the iPhone? He knew that people would accept a phone with no buttons, and became a personal computing device that also became the standard. Steve Jobs hated buttons and he created a piece of art that now everybody carries around and it’s duplicated by many companies around the world.
[13:29] Imaging and visualization is very powerful and it’s used, not just in creating where you want to go in life, but let’s go back and look at how imaging and visualization has been used throughout the years. The power to cure and train. Imaging and visualization is a very powerful tool that can cure sickness. It’s been proven. The earliest visualization techniques ever recorded are from Babylonia and Samaria. These are way before even the birth of Christ. B.C. Histories of people from ancient Egypt, in Babylonia, throughout the Middle Ages, and right up to modern times included accounts of healing and they all incorporate visualization in one form or another. You see how important this is? But it’s very hard to do as I said. That’s why we’re repeating it.
[14:40] So, when you look at imaging and visualization, understand it is very historic. It goes back into the early times of healings that were based on religious or mystical traditions. You can go through many, many historic documents and find it. It’s all through the Bible, it’s all through the Quran, it’s in Buddhism, in Hinduism, all through the religions of time. They believe that matter was a manifestation of the mind. Many modern thinkers express the same belief. Swami Rama, in explaining his ability to control his heart rate, blood flow, and other physical processes stated, “All of the body is in the mind, but not the entire mind is in the body”. All of the body is in the mind. The mind controls the body, but the body doesn’t control the mind. Fascinating. So, using imagery and visualization can enhance healing by creating a positive internal atmosphere. Focus on a scene you find positive, nurturing, and healing. As you practice these techniques, you may also want to listen to music, it’s meditation. It’s talked about, currently today.
[16:21] So, I don’t want to keep boring you with a lot of this techno babble, but it’s very critical in understanding how visualization and imaging work and how important it is. It’s important, primarily, because it’s done today in other areas of wealth creation. When you look at visualization, and we talked about how it goes through all the religions and everything, where is it used in modern day and we don’t pay a lot of attention to it. Imaging and visualization is used in sports. Slide nine, Steve if you have that queued up.
Steve Bailey: [17:13] Right there in front of you, Dr. Ray.
Raymond Jewell: [17:15] Thanks, Steve. Golfers, musicians, even Tiger Woods. Let’s talk about golfers. Golfers envision in their mind the course they’re going to play before they play the course. I’ve talked about this before, again repetition. I once heard Tiger Woods in an interview where the sportscaster said “Well, what happened on that hole, Tiger?” Tiger said “It wasn’t what I imagined”. Now, if you don’t know what to cue into, you just let that slide, but I heard it and I thought holy smokes. He’s telling people that he’s imaging this stuff before he plays the hole. So, he now knew what was going to happen. One could read into that and tell that he does it on every hole. When they go his way, he’s already planned that, but when they don’t, that’s not what he imagined and he actually said that.
[18:29]Musicians, they don’t need a whole orchestra to imagine how they’re playing in their orchestra with everybody there. They can imagine their part and image and visualize their part. I’ve heard stories, I’ve read about them where people will be quiet with their eyes closed, making noises that make no sense to somebody that’s sitting there, but they’re playing their instrument in an orchestra. They’re practicing. There’s all sorts of evidence where people will image the outcome and the outcome becomes true. I may have told you and I’ve talked about this before. My grandson is a cross country track runner and he’s very good. He’s like 16th in the state of New York. I told him one time, I said “Do you image the end result?” He said “No, what does that mean, grandpa?” I said “Well, where do you want to come in? Picture in your mind where you want to come in, in the race and constantly have that in your mind”. So, he came in third or second and I was there watching him. I said “Did you image that?” He said yes. He said I imaged beating, and there was one guy he could never beat, he said I imaged beating so and so and he actually did it. I think he actually placed third instead of fourth.
[20:06] So, it works, but yet we don’t use it in wealth creation. Why? I don’t know. I don’t think we’ve been taught how to do it. So, that’s what we’re teaching here. That’s why I’m going through this over and over and over again because I want you to understand that you can do this, but we have to make it second nature. We have to practice it because you’ll go on through life and you’ll get distracted and you won’t even think about it. If everyone in this country were taught to image and visualize the desired result, the productivity, in our country, would dramatically increase. That’s one of the ways I came to all this. I tried to figure out the statistics. If 10% of the people control 90% of the world’s wealth, what are the 10% doing and why can’t we teach it to the 90%? So, that’s what I’m doing. We’re teaching it to the 90%. That’s why we’re going through this. You have the same power and you can use it anytime you wish. The power does not discriminate, it is possessed by everyone. All you have to do is use it!
[21:28]Thank you, see you next week, take care, God bless!
Announcer: [21:33] Thanks for listening! Please remember to subscribe to the podcast. If you want to learn how to create real sustainable wealth like the extremely rich people do, or maybe you just want to sustain the wealth you already have, you need to check out Dr. Ray’s new book “Why the Rich are Rich”. Ray’s been coaching clients for 35 years and has completely unlocked the secret strategies that rich people use day in and day out to grow and sustain their wealth, regardless of what’s going on in the economy. His book is completely free, and you can get it by going to https://whythericharerich.com and entering in your email address. Again, that’s https://whythericharerich.com. Head over there now.