Think about this.

In your entire lifetime, how much money has gone through

your hands? Let me explain to you what I mean by this. Maybe you made
$73,000 last year as a 28-year-old. And you got your first check at the age of
14 for $100.00. Add everything up from that first check until today. You’ll
come up with a number. It could be $493,000 or $1.9 million or $6.3 million,
depending on who is reading this. The question is how much is left in your
wallet? Truly. How much is in your wallet? Not your credit card limit, but how
much savings do you have left? If you’re unhappy with the answer, the reason
is very simple. It’s because you don’t know how to play the money game. It’s
as simple as that. So in this video and article, I get into the 20 rules of money.

These are the rules of money that I’ve followed. They’re based on a lot of
mistakes I’ve made because there was a point in my life where I made money
and there was nothing left in my pocket. So what I’m telling you is based on
my experiences.

Here are the Rules of Money

#1: It's a Game
Rule #1 is the most important one, and it's the one you have to buy into
immediately. It's very simple. You may want to fight it, but regardless of what
you do, it's a rule. And the rule is that money is a game. The great thing about
any game is that no matter what game you play, you eventually get good at it.
If I've never played chess, and you've played it 100 times, you're probably
going to beat me. If I've played Monopoly 1,000 times and you've played it
three times, I'm probably going to beat you. So the great thing about the
money game is that it can be learned.

#2: Don't Be a Hater of Money

Next, don't be a hater of money. If you hate money, you'll never get money.
Why? Because money doesn't like haters. If you constantly say things like,
"Money doesn't grow on trees" or "Rich people are this or that," money
responds by saying, "You're right!"

It's almost like if you go on a date with an attractive girl, and you tell her you
don't like attractive girls that don't know a lot about philosophy. You say that
all they care about is their looks, doing makeup, and working out. The girl's
response is, "Dude, I put on makeup and I work out every day to stay in
shape. But I also like other things in my life. But you know what? You're right.
You're not attracted to me and I don't like you." She then goes and finds
another guy that says, "I like a girl that takes care of her body and skin, and
puts on makeup. I like a girl that works out five days a week." She's attracted
to that guy.

So keep that part in mind, and don't be a hater with money.

#3: It's a Doubles Game

Number three of the rules of money is that money is a doubles game. Listen,
you could stop reading right now, as long as you understand this.

The entire game of money is about doubling your money. What do I mean by
double your money? Let me explain it to you this way.

If you have $1,000 cash in your bank account, you are 10 doubles away from
having a million dollars. You're five doubles away from $32,000, 13 doubles
away from having $8.192 million, and 14 doubles away from $16 million
dollars. How soon can you double your money?

That's it. It's a doubles game. Can you take that $1,000 and double it to
$2,000 in the next year? Now that it's $2,000, you're nine steps away from a
million dollars. If you already have $100,000 in your account, then you're
three to four doubles away from a million dollars. Building wealth is a piece of
cake when you understand the doubles game.

Risk Tolerance and Horizon

Now that you have the basic concept, the question comes down to two things,
your risk tolerance and your horizon. Your risk tolerance depends on your
age. If you're 65, your risk tolerance is lower than if you're 22. Horizon has to
do with time. What is your time horizon? The time horizon could be, "I want to
have a million dollars by ten years from now." Great. If you want to have a
million dollars by 10 years from now, first start with what do you have right
now. Then you play the doubles game. For instance, if you have $17,000,
you'd ask how many doubles do you need to get to a million bucks. From
there you can determine a time goal for each of the doubles to meet your goal
within 10 years.

It's a simple game, as long as you know the amount you have, the amount
you want, and your risk tolerance, and time horizon.

To get a free "Doubles Game" worksheet, fill out the form below.
#4: Seduction
Let me explain to you about seduction. Money likes to be seduced. Money's
attracted to seducers. Just like a woman doesn't like a desperate man, money
doesn't like desperate people. Money's not attracted to desperate people that
want it so bad because they want to show it off to everybody. No, no, you
need to seduce money. When you do, all of a sudden money will say,
"Ooohhhhh, I like this guy, I like this girl. Oh my gosh! I'm turned on by you."

Don't let money seduce you. You seduce money. Once you learn the
seduction game with money, all of a sudden money starts coming from all
over the place to you, because money's turned on by people that know
exactly what they're doing. By the way, the more learn to seduce money,
you'll get better at this game as well.
#5: Timing
Listen in here for my thoughts on the important role that timing plays when it
comes to money rules.
#6: Boredom
Number six of the rules of money is boredom. Let me explain what boredom
means. Money needs to be moved. Okay? Again, if a girl is bored with you,
she leaves you, because you're too boring. The same is true for men. When
people get bored, they leave. And money doesn't like to be bored.

What do I mean? If money stays in a checking account, the money goes to

somebody that knows how to use it. Money doesn't like to stay somewhere
where it's not working. So it goes to someone else that knows what to do with
money. So you have to make sure that money's always moving for you,
working for you, and doing something to create more money for you.

#7: Secret Account

The next of the rules of money is to have a secret account. You always have
to have a secret account.

What's a secret account? It's an account no one else - including your spouse,
parents, best friend, siblings - knows about.

A secret account is a crisis account and could be cash. It's an account that's
sitting somewhere that no one else knows about. I know you may say, "Pat,
you talked about boredom." But this is a completely different story. You have
to have a crisis account that's not your emergency fund.

A secret account is what saved my business when we were going through a

difficult time. The company's checking account went down to $13,000, and I
had payroll, commissions and everything to pay out of it. The crisis account
that I had is what saved us. No one knew about it. That money showed up, I
put it back into the business, and we lasted through the tough times. So you
always need to have a secret crisis account.

#8: Don't Fly First Class

Next, don't pay to fly first class until you have $10 million in the bank. I see so
many people spending $2,000 on a flight when they can spend $400. Listen,
I'm 6'4" and weigh 240 pounds, and do you know how many times I've paid
first class? Zero. I don't pay first class. Other people pay for my first class, but
I don't pay for first class. I've flown first class many times because I have
miles, or people pay for my flight. But I don't pay for first class myself.

Why is that? It's because I did the math. Obviously, I can afford to do it, no
problem. But here's how I did the math. If I pay $2,000 for a first class flight
and I can get on the same flight for $500, that's $1500 more I'm paying for the
flight. If I fly nine times a month, that's a $13,500 monthly difference. Do you
know what I can do with $13,500? That's four employees or marketing or
expansion. Over a year, it's $162,000. Why would I waste that money? That's
an executive I could bring in, or two incredible employees. So I don't pay first
class.

Once you have $10 million in the bank and you want to do it, great. At that
point you may want to buy a private jet, but don't pay for first class until you
get to that point.

#9: Comp Plan

The next of the rules of money has to do with your comp plan. Listen in here as
I explain what I mean by comp plan.
#10: End of the World Mentality
The next of the rules of money is end of the world mentality. Listen, CNN,
MSNBC, Fox, Suze Orman, Dave Ramsey and others are all paid to sell
crisis. Why? Because you have to be ready for a crisis. So a lot of times
people are fearful, and think it's the end of the world. For example, in 2008
when the market crisis took place, everybody started pulling their money out.
At the time, the Dow Jones was down to 6,000 something. It's at 21,000
points today. Imagine if you left the money in. How much compounding
money was lost simply because people thought it was the end of the world?

You have to learn to manage the times when 90% of the world thinks it's the
end of the world. You have to be ready for those times. So how do you do
that?

Let me explain. I was part of the community that said it's always the end of the
world. Then I realized how you become wealthy during those times. In the
times when people say it's the end of the world, do you know who wins? The
ones that have cash. That's why it's so important to have cash set aside. And
I'm not talking boredom money. I'm talking about having cash said aside so
that when it's the end of the world, you can buy stuff.

Crisis Makes Some People Wealthy

Every time crisis happens, a LOT of people become wealthy. Why? Because
everything's on sale when there's a crisis. People sell exotics because they
can no longer afford them. People sell artwork for 1/5 of the price and homes
for 1/2 of the price. All kinds of things are for sale when there's an end of the
world type of mentality.

So it's important to have a strategy for this time. Some say the markets will
tank again in the next two to three years. I don't know if that will happen, but
what I do know is that they'll tank in the next 20 years. And you have to be
ready for it because there will be opportunities, if you're prepared.

#11: Study Your Politicians

Next, study your politicians, especially your president. Here's why. You have
to know the philosophies of and what the politicians in your nation and local
community are going to do. For example, if their philosophy is to do heavy-
duty taxing, you need to adjust accordingly. If their philosophy is to cut down
taxes, you need to adjust accordingly.

People ask me, "Pat, what should I do with Trump?" Start a business! Taxes
are being cut. So go make your millions of dollars in the next four years, and if
it's eight years, go make your money. Adjust. Everything's about adjustment.
But you have to know the philosophies of your politicians and adjust
accordingly.

#12: Study Smart Investors

Next, study smart investors. For instance, you should read everything Warren
Buffett puts out. Every single thing. Read all his books, because as you do,
he'll teach you his way of thinking, his mindset.

People ask, "Why did Warren Buffett spend $35 million to buy silver six years
ago? And why does he stay away from technology?" The thing you have to
respect about Warren Buffett is that he sticks to a philosophy long enough
until it works. So study smart investors.

#13: Play Your Game

Number 13 of the 20 rules of money is to play your game. Don't compare or
play someone else's game. Play your game.

Let me explain. Let's say that when you play the doubles game, you're at
$8,000. And let's say your cousin is at $4,096,000. Or let's say your friend is
at $128,000. Why are you comparing yourself to them? You need to play
YOUR doubles game. They are four or more doubles ahead of you, so it's not
the same game.

You can't say, "I'm going to play my game at the level with the other guys"
because when you do that, you make reckless decisions and you may lose a
double. You don't want to lose doubles.

It's important not to go backwards, and any time you focus on the people
ahead of you, you may go backwards. So focus on your game, your
strategies, and your time horizon. Focus on your risk tolerance, and play
according to that game.

Your vision may not be to be a billionaire. Your vision may not be to do

something very big. Perhaps your vision is not be a deca-millionaire, but
instead to someday have $2 million. That's all good. Play to that game. And
put a plan to it. But don't constantly compare yourself to other people.

And by the way, if you didn't fill out the form under point three to get your
doubles game worksheet, put your name and email address in the form
below. And when you fill out the doubles game worksheet, be sure to have
your game, instead of someone else's in mind.
#14: Index
The next money rule is index. Listen in here to see what I mean by index.
#15: Befriend Money Makers
The next of the 20 rules of money is to befriend money makers that you trust.
Here's why. If you're around other people that know how to make money,
you're going to make money. If you're around people that don't make money
and don't know how to make money, you won't make a lot of money. That's
just how things work.

It's also important to know who you're going into business with. Sometimes
things seem too sweet or sexy, but you don't know the person. It's important
for me to know who I'm going to do business with. I hire very, very slowly and
fire very fast. The moment I'm done with somebody, boom, they're gone. It's
no problem for me to fire four people in a day. If things aren't in the right
place, we need to move on.

Especially for higher up positions, I hire very slowly. I travel with the person so
I get to know them. So whoever you're going to do business with, befriend
them. Travel with them. If somebody's extremely wealthy, go to dinner with
them. Get to know their spouse, and how they are around their kids. See their
standard of living, behavior, and discipline and if you like what you see,
determine to do business with them.

#16: Diversification is for Sissies

The next money rule is that diversification is for sissies. So if you're a sissy
and your risk tolerance is very low, it's okay. It's okay to be a sissy. A lot of
people are sissies. But if you truly want to create wealth, and you wonder why
you don't have a single penny after working for 17 years, you have a problem.

What's the problem? Diversification is a great concept for financial advisers to

sell to people that want to play things safe. If you're watching this and you're
73 years old, diversification may be good for you. Or if you're 62 years old and
you've already hit your numbers, your risk tolerance is lower because your
time horizon is lower. In that case, you're playing a different game.

I'm mainly talking to the people that are in the offensive mode of their lives.
I'm talking to people that are trying to get their doubles to go faster. If you rely
on diversification, it takes 20 to 40 years, and that's if everything goes the way
it's supposed to. So don't rely on diversification to take you where you want to
go.

#17: Leverage
The next of the rules of money is about leverage. Everything is leverage.

Let me explain what leverage means. When I say leverage, I'm not talking
about going into debt. I'm talking about leverage, period. Here are some ways
to use leverage in your business:
  Gain more support
 Expansion
 Market yourself more
 Get to the customer faster
 Increase the speed of growth of your business
You need to ask how you can leverage every aspect of your business
because leverage is a growth game. And the more you study the concept of
leverage, the better it is for your wealth.

#18: Positioning
Listen in here for why positioning is an important money rule.
#19: Strategic Partnerships
Number 19 of the 20 rules of money is to develop strategic partnerships. This
is similar to befriending money makers but it's slightly different because it's
intentional. For instance, in our company we have strategic partnerships
where a lot of people make money. And the more that people make money,
the more they'll continue to do business with you.

I have strategic partnerships with $400 billion companies, $200 billion

companies, and $60 billion companies. I have strategic partnerships with a lot
of different companies that benefits them. Strategic partnerships increases the
value of making money because a lot more people make money when they go
into business with you.

#20: Big Check Syndrome

Last but not least of the rules of money is big check syndrome. Oh my gosh,
I've seen so many people screw this whole thing up.

Let me tell you what I mean by big check syndrome. Let's hypothetically say
you sell real estate. And all of a sudden a client wants you to sell their $3
million home. You sell it and get a $100,000 commission check. You say to
yourself, "Oh my gosh! I made $100,000!" And for two months you live as if
you made $100,000 in a month.

What you don't realize is that you need to look at that $100,000 as $8300 a
month income for a year. Don't look at it as $100,000. Look at it as $8300. I
see so many people that see it as $100,000 and get arrogant and cocky. They
don't realize it's just a big payday. And their double goes lower and lower and
lower.

Here's a question for you. Would you rather take a half a million dollars up
front, or take a guaranteed income stream of $100,000 over 20 years? Which
one would you take? Most people would take the half a million dollars. Let me
tell you why $100,000 is more. $100,000 adds up to two million bucks. And a
half a million dollars is just a half a million dollars. The $100,000 gives you the
opportunity to have a stronger backing to make bigger decisions to get bigger
doubles.
Now you may say, "But Pat, a half a million dollars? That already moves me a
long way in the doubles game." But that's irrelevant if you don't know how to
play the money game. I want high income as well. I want income coming in
that feeds my game so I can increase my net worth. Income is a very, very
important game, so don't get too crazy about big check syndrome and all of a
sudden fall for it and lose everything.

Your Turn to Play the Money Game

As I said in point three, one of the most important ways to win the money
game is to play the doubles game. So if you haven't already done so, be sure
to fill out the form below to get your doubles game worksheet.