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Brian Tracy says one of your major goals in life should be financial independence. One must aim to reach a point where one has enough money so that one doesn’t have to worry about money again. The good news is that financial independence is easier to achieve today. We are surrounded by more wealth and affluence than ever before. So, I picked up a book for you, written by Brian Tracy, “Twenty-One Unbreakable Laws of Money.” I have summarised the gist of the book into 12 points. Let’s begin.

1. The Law of Cause and Effect

Everything happens for a reason; there is a cause for every effect. You can acquire whatever amount of money you really want if you will just do what others have done before you to achieve the same results. And if you don’t, you won’t. It is as simple as that. The most important expression of this universal law is that “Thoughts are causes and conditions are effects.” The most important principle of personal or business is simply this: You become what you think about most of the time.

2. The Law of Belief

Whatever you truly believe, with feeling, becomes your reality. When you are absolutely convinced that you are a financial success in the making, you will engage in a behaviour that will make it come true.

3. The Law of Attraction

You are a living magnet; you invariably attract into your life people, situations and circumstances that are in harmony with your dominant thoughts. When you develop a burning desire for financial success and think about it all the time, you set a force field of positive emotional energy that attracts people, ideas, and opportunities into your life to help you make your goals turn into realities.

4. The law of Abundance

We live in an abundant universe in which there is sufficient money for all who really want it and are willing to obey the laws governing its acquisition. There is plenty of money available for you. There is no real shortage. You can virtually have all you really want and need. The first corollary of the Law of Abundance says that people become wealthy because they decide to become wealthy. The second corollary of this law says: People are poor because they have not yet decided to become rich.

Why aren’t you rich already? Write down all the reasons you can think of. Go over your answers one by one with someone who knows you well and ask them for their opinion. You may be surprised to find that your reasons are mostly excuses that you have fallen in love with.

5. The Law of Time Perspective

The most successful people in any society are those who take the long-term period into consideration when making their day-to-day decisions. People with long-term perspectives are willing to pay the price of success for a long, long time before they achieve it. They think about the consequences of their financial choices and decisions in terms of what they might mean in five, ten, fifteen and even twenty years from now. As you begin thinking long-term and organising your financial life and priorities with your future goals and ambitions in mind, the quality of your decisions improves, and your life starts to become better almost immediately.

The first corollary of the Law of Time Perspective says: Delayed gratification is the key to financial success. The second corollary of this law says: Self-discipline is the most important personal quality for assuring long-term success. The third corollary of this law says: Sacrifice in the short-term is the price you pay for security in the long-term.

6. The Law of Saving

Financial freedom comes to the person who saves ten per cent or more of his income throughout his lifetime. One of the smartest things that you can do is to develop the habit of saving part of your salary every paycheck. Begin today to save ten per cent of your income, off the top, and never touch it. This is your fund for long-term financial accumulation and you never use it for any other reason except to assure your financial future.

If you are in debt and ten per cent is too much for you, start by saving one per cent of your income and living on the other ninety-nine per cent. When you become comfortable living on ninety-nine per cent of your income, increase your savings rate to two per cent.

7. The Law of Conservation

It’s not how much money you make, but how much money you keep, that determines your financial future. Many people make a lot of money in the course of their working lifetimes. Sometimes, during boom periods, people greatly exceed their expectations and make more money than they ever thought possible. The true measure of how well you are really doing is how much you keep out of the amount that you earn.

Calculate your true net worth as of today. Make a list of all your assets and value them at the amounts you could actually get for them if you had to turn them into cash quickly. Add up all your bills, credit card balances and mortgages and then subtract them from your assets to get your net worth today. Now divide the number of years you have been working by your net worth. The result is the net amount you have actually earned each year after your costs of living. Are you happy with it? If not, start doing something about it today.

8. Parkinson’s Law: Expenses rise to meet income

Parkinson’s Law is one of the best-known and most important laws of money and wealth accumulation. It was developed English writer C. Northcote Parkinson many years ago, and it explains why most people retire poor. This law says that, no matter how much money people earn, they tend to spend the entire amount and a little more besides. Their expenses rise in direct proportion to their incomes.

9. The Law of Investing

Investigate before you invest. This is one of the most important of all the laws of money. You should spend at least as much time studying a particular investment as you do earning the money to put into that particular investment. You have worked too hard to earn it and taken too long to accumulate it. Investigate every aspect of the investment well before you make any commitment. Ask for full and complete disclosure of every detail. If you have any doubt or misgivings at all, you will probably be better off keeping your money in the bank or in a money market investment account.

The corollary of the Law of Investing says: If you think you can afford to lose a little, you’re going to end up losing a lot. Another corollary of the law of Investing says: Only invest with experts who have a proven track record of success with their own money. Invest only in things that you fully understand and believe in. Take investment advice only from people who are financially successful at taking their own advice.

10. The law of Compound Interest.

Investing your money carefully and allowing it to grow at compound interest will eventually make you rich. Compound interest is considered one of the greatest miracles of all human history and economics. Albert Einstein described it as the most powerful force in our society. When you let money accumulate at compound interest over a long period, it increases more than you can imagine.

The first corollary of this law says: The key to compound interest is to put the money away and never touch it. If you ever touch that money, you lose the power of compound interest, and though you spend only a small amount today, you will be giving up what could be an enormous amount later on. If you start early enough, invest consistently enough, never draw on your funds and rely on the miracle of compound interest, it will make you rich.

An average person earning an average income who invested Rs 1000 per month from the age of 21 to age 65, and who earned a compounded rate of 10% over that time, would retire with a net worth of 1,11,80,000. Begin a regular, monthly investment account and commit yourself to investing a fixed amount for the next five, ten or even twenty years. Select a company with a family of mutual funds and investment instruments, and keep your money working, month after month and year after year.

11. The Law of Accelerating Acceleration

The faster you move towards financial freedom, the faster it moves towards you. The more money you accumulate, the more success you achieve, the faster money and success seem to move towards you, from a variety of different directions. Everyone who is financially successful today has had the experience of working extremely hard, sometimes for years, before they got their first real opportunity. But after that, more and more opportunities flowed into them, from all directions.

The first corollary of the law of Accelerating Acceleration says: 80% of your success will come in the last 20% of the time you invest. This is a remarkable discovery. Just think! You will achieve only about 20% of the total success possible for you in the first 80% of the time and money that you invest in an enterprise, a career or a project. You will achieve the other 80% in the last 20% of the time and money that you invest.

Peter Lynch, the former manager of the Magellan Mutual Fund, one of the most successful mutual funds in history, would often buy the stock of a company that did not increase in value for several years. Then it would take off and go up ten or twenty times in price. This strategy of picking stocks for the long term eventually made him one of the most successful and highest-paid money managers in America.

12. The Law of Real Estate

The value of a piece of Real Estate is the future earning power of that particular piece of Real Estate. The value of any piece of Real Estate is determined by the income that can be generated by that property when it is developed to its highest potential from this moment in time onward into the future. A piece of property may have sentimental value to a particular owner, but its dollar value is directly related to its future earning power.

There are vast areas of many large cities where property values are declining because growth and development have come and gone, and will probably not return. Every day, men and women are selling homes and properties at less than what they paid for them, or losing them to foreclosure because these properties have declined in earning power and therefore in value.

The first corollary of real estate is: You make your money when you buy it, and you realise it when you sell. This is very important. It is by purchasing a piece of Real Estate at the right price and under the right terms that you can sell it at a profit. Many people think that they will make their money when they sell the property, irrespective of how they purchased the property or at what price. The more carefully you investigate a piece of Real Estate and the more thoroughly you prepare a purchase offer, the more likely it is that you will get the kind of deal that will enable you to sell that Real Estate at a profit later on.

The second corollary of the Law of Real Estate is the location: The three keys to real estate selection are location, location and location. Your ability to choose a piece of real estate in an excellent location will have more of an impact on the future earnings of that real estate than any other decision that you take.

Another corollary of the law of real estate is: Real estate values are largely determined by general economic activity in the area and by the number of jobs and the level of wages. Generally, property increases at three times the level of population growth and two times the rate of inflation. When you purchase property in a fast-growing community, you are virtually ensured of above-average increases in value.

Conclusion

There are four keys to success with money. First, earn as much as you possibly can. Do everything possible to excel in your field so that you are paid extremely well for what you do.

The second key to money is that you hold on to it as much as you can.

The third key to money is for you to reduce and control your costs of living. Buy less expensive items. Put off important buying decisions for a day, a week or even a month so that when you finally do make the decision, it is a good one. All wealthy people are very careful with their money and their expenditures. That’s how they became wealthy.

This is a wonderful time to be alive. It has never been more possible for you to make more, save more, accumulate more and grow your money faster than it is today. Your job is to take full advantage of the wide range of opportunities that are available to you. Your job is to apply these laws to fulfil your financial destiny and become wealthy in your working lifetime.

Written and posted by Kamlesh Tripathi

Author, Poet, & Columnist

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https://kamleshsujata.wordpress.com

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Shravan Charity Mission is an NGO that works for poor children suffering from life-threatening diseases, especially cancer. Our posts are meant for our readers, including children and adults, and have a huge variety of content. We also accept donations for our mission. Should you wish to donate to the cause of cancer? The bank details are given below:

NAME OF ACCOUNT: SHRAVAN CHARITY MISSION

Account no: 680510110004635 (BANK OF INDIA)

IFSC code: BKID0006805

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Publications of Kamlesh Tripathi

BOOK TITLE: GLOOM BEHIND THE SMILE

(The book is about a young cancer patient. Now archived in eight prestigious libraries of the US, which include Harvard College Library; Harvard University Library; Library of Congress; University of Washington, Seattle; University of Minnesota, Minneapolis, Yale University, New Haven; University of Chicago; University of North Carolina, at Chapel Hill University Libraries. It can also be accessed at MIT through Worldcat.org. Besides, it is also available for reading in the libraries and archives of Canada; the Open Library; Cancer Aid and Research Foundation Mumbai; Jaipuria Institute of Management, Noida, India; Shoolini University, Yogananda Knowledge Center, Himachal Pradesh and Azim Premzi University, Bangalore and the Library of Cancer Aid and Research Foundation, Mumbai. The title also finds a mention in a book titled ‘Enduring Cancer: Life, Death and Diagnosis in Delhi’ by Dwaipayan Banerjee, published by the Duke University Press).

BOOK TITLE: ONE TO TANGO … RIA’S ODYSSEY

(It is a book on ‘singlehood’ about a Delhi girl now archived in Connemara Library, Chennai and Delhi Public Library, GOI, Ministry of Culture, Delhi; It is also available for reading in the Indian National Bibliography, March 2016, in the literature section, in Central Reference Library, Ministry of Culture, India, Belvedere, Kolkata-700022)

BOOK TITLE: AADAB LUCKNOW … FOND MEMORIES

(This is a fiction written around the great city of Nawabs—Lucknow. It describes Lucknow in great detail and also talks about its Hindu-Muslim amity, which is the undying characteristic of Lucknow. The book was launched at the Lucknow International Literary Festival in 2014. It is catalogued and included for reading in Askews and Holts Library Services, Lancashire, U.K; Herrick District Library, Holland; Charlotte-Mecklenburg Library, Mecklenburg County, North Carolina, USA; Black Gold Cooperative Library Administration, Arroyo Grande, California; Berkeley Library, University of California; The Peshastin Public Library and The George Public Library near Washington, a Northern Central Washington Libraries branch; the Flagstaff City-Coconino County Public Library in Arizona in the US and the Salina Public Library, Kansas, USA.

BOOK TITLE: REFRACTIONS … FROM THE PRISM OF GOD

(Co-published by Cankids–Kidscan, a pan-India NGO and Shravan Charity Mission, which works for child cancer in India. The book is endorsed by Ms Preetha Reddy, MD, Apollo Hospitals Group. It was launched at the Lucknow International Literary Festival in 2016).

BOOK TITLE: TYPICAL TALE OF AN INDIAN SALESMAN

(Is a story of an Indian salesman who is humbly qualified. Yet he fights his way through unceasing uncertainties to reach the top. A good read, not only for salesmen but for any reader. The book was launched on 10^th February 2018 at Gorakhpur Lit-Fest. Now available on Amazon, Flipkart and Onlinegatha)

BOOK TITLE: RHYTHM … IN POEMS

(Published in January 2019. The book contains 50 poems. The poems are about our day-to-day life. Poems from this book have been published in Shillong Times, Bandra Times, Bhavan’s Journal and Arunachal Times and Goan net. The book is available on Amazon, Flipkart and Onlinegatha).

BOOK TITLE: MIRAGE

(Published in February 2020. The book is a collection of eight short stories available on Amazon, Flipkart and Notion Press)

BOOK TITLE: AWADH ASSAM AND DALAI LAMA … The Kalachakra

(It is the story of the man who received His Holiness The Dalai Lama and his retinue in 1959 as a GOI representative when he fled Tibet in 1959. The book was launched on 21^st November 2022 by His Holiness The Dalai Lama at Dharmshala. The title is archived in the library of the Department of Information and International Relations (DIIR) Government of Tibet, Tibet Policy Institute (TPI) and the personal library of His Holiness The Dalai Lama. The title is also archived in The Ohio Digital Library, USA. It was recently included in the digital library of the world-renowned company APPLE. Included in the library of Friends of Tibet and Maharashtra Mitra Mandal Library in Bandra, Mumbai.

(POEMS, SHORT STORIES AND ARTICLES OF KAMLESH TRIPATHI PUBLISHED IN NEWSPAPERS, JOURNALS AND MAGAZINES)

THE TIMES OF INDIA

Speaking Tree: 1. Basant Celebrates Ma Saraswati, Shiv, And Spring 1.2.25; 2. Mahashivratri: A Night of Divine Illumination, 26.2.25; 3. Kabir Spun Indic Syncretism Through His Dohas, 12.6.25;

BHAVANS JOURNAL

Short stories, Book reviews and Articles published in Bhavan’s Journal: 1. Reality and Perception, 15.10.19; 2. Sending the Wrong Message, 31.5.20; 3. Eagle versus Scholars, June, 15 & 20, 2020; 4. Indica, 15.8.20; 5. The Story of King Chitraketu, August 31 2020; 6. Breaking Through the Chakravyuh, September 30 2020. 7. The Questioning Spouse, October 31, 2020; 8. Happy Days, November 15, 2020; 9. The Karma Cycle of Paddy and Wheat, December 15, 2020; 10. Power Vs Influence, January 31, 2021; 11. Three Refugees, March 15, 2021; 12. Rise and Fall of Ajatashatru, March 31, 2021; 13. Reformed Ruler, May 15, 2021; 14. A Lasting Name, May 31, 2021; 15. Are Animals Better Teachers? June 16, 2021; 16. Book Review: The Gram Swaraj, 1.7.21; 17. Right Age for Achievements, 15.7.21; 18. Big Things Have Small Beginnings, 15.8.21; 19. Where is Gangaridai?, 15.9.21; 20. Confront the Donkey Within You 30.9.21; 21. Know Your Strengths 15.10.21; 22. Poverty 15.11.21; 23. Top View 30.11.21; 24. The Bansuriwala 15.1.22; 25. Sale of Alaska 15.2.22; 26. The Dimasa Kingdom 28.2.22; 27. Buried Treasure 15.4.22; 28. The Kingdom of Pragjyotisha 30.4.22; 29. Who is more useful? 15.5.22; 30. The White Swan from Lake Mansarovar 30.6.22; 31. Bhool Bhulayya 15.9.22; 32. Good Karma 30.9.22; 33. Good Name vs Bad Name 15.10.22; 34. Uttarapath—The Grand Trunk Road 1.12.22; 35. When Gods Get Angry 1.1.23; 36. Holinshed’s Chronicles 15.1.23; 37. Theogony 15.2.23; 38. Poem: Mother 14.5.23; 39. The Nag Mandir 30.6.23; 40. The Story of Garuda 30.7.23; 41. Janmabhoomi vs Karmabhoomi 31.8.23; 42. The Ghost Town of Kuldhara 15.9.23; 43. The Tale of Genji 15.10.23; 44. The Soul Connection 1.12.23; 45. Book review: Jungle Nama … a story of the Sundarban 16.3.24; 46. Book review: A Forgotten Chapter 16.5.24; 47. Exploring Ancient Egypt, 1.8.24; 48. The Story of Dhruva, 16.8.24; 49. Two Hundred Years of Tea in Assam 16.9.24; 50. The Cosmic Messenger 16.10.24; 51. Biblioburro: The Four-Legged Library 16.11.24; 52. The Cologne Cathedral 1.1.25; 53. Gandhi to Mahatma 16.1.25; 54. Huxley’s Take on Translated Works 16.3.25; 55. Ernest Hemingway’s Iceberg Theory 1.7.25;

THE SHILLONG TIMES

Articles & Poems: 1. Poem: Happy New Year 8.1.23; 2. Poem: Spring 12.3.23; 3. Poem: Right and Wrong 20.3.23; 4. The Gush of Emotion—Writing, 26.3.23; 5. The Nag Mandir, 7.5.23; 6. Poem: Mother 7.5.23; 7. Poem: Rain Rain 9.7.23; 8. Poem: You Come Alone You Go Alone 6.8.23; 9. Poem: Rain Rain (Second Time) 10.8.23; 10. Poem: Guru Teacher 1.10.23; 11. Poem: Autumn … The Interim Heaven 15.10.23; 12. Poem: Happy Diwali 12.11.23; 13. Overcoming Blindness: Learn it the John Milton Way 10.12.23; 14. The Happy Prince and The Happy Man’s Shirt 31.12.23; 15. Annus Mirabilis -2024 7.1.24; 16. Gandhi to Mahatma Gandhi- Incidents that Shaped Gandhi in South Africa 28.1.24; 17. Poem: Together But Not Made For Each Other, 11.2.24; 18. The Birds Bees and The Spiders of Nicholas Guildford and Jonathan Swift 25.2.24; 19. The Overcoats of Nikolai Gogol and Ruskin Bond 10.3.24; 20. The Ethnic Colours of Holi 24.3.24; 21. A Lesson from Dalai Lama, 21.4.24; 22. Poem: Morning Walk 28.4.24; 23. Trip to Rhine Falls, Switzerland, 19.5.24; 24. Poem: Hurt 2.6.24; 25. Poem: Your Conscience Was My Sign On 16.6.24; 26. Poem: The Eerie Ways of Time 7.7.24; 27. Poem: Celebrating the T20 World Champions 14.7.24; 28. Read to Rise above mediocrity, 4.8.24; 29. Poem: Desire vs Reality 11.8.24; 30. Jack Ma’s Pristine Advice to Employers, Employees and the Youth 22.9.24; 31. Tagore and Kipling 3.11.24; 32. Poem: Merry Christmas 22.12.24; 33. Poem: The Sunset Point, 5.1.25; 34. Cancer Warning Labels on Alcoholic Beverages, 12.1.25; 35. Poem: Hope … In the Arc of Twilight, 19.1.25; 36. Basant Panchami celebrates the Arrival of Spring 2.2.25; 37. Poem: The Falling World Order, 9.2.25; 38. A Peep into Native American Literature, 23.2.25; 39. Poem: Good day, Bad day 9.3.25; 40. Reincarnation of Dalai Lama in a free World, 6.4.25; 41. Ambedkar: Fighting the Caste Monster, 13.4.25; 42. Switzerland: The Scenic Mount Titlis & Lucerne 18.5.25; 43. Poem: A Ray of Hope 8.6.25; 44. Poem: Monsoon Melodies 27.7.25;

THE ASSAM TRIBUNE

Article: 1. The Magic of Reading 11.12.23; 2. Gandhi to Mahatma 29.1.24; 3. Geography of Solitude 8.4.24; 4. A Lesson From Dalai Lama, 22.4.24; 5. A Source of Inspiration, 29.4.24; 6. The Four-Legged Library, 12.5.24; 7. Age and Achievement, 10.6.24; 8. Read … To Rise Above Mediocrity, 1.7.24; 9. Crusade for a College, 25.8.24; 10. Hemingway’s Iceberg Theory (Panorama) 27.9.24; 11. Short story: Love in the Air, 20.10.24; 12. Short story: The Prick of Conscience, 5.1.25; 13. Lost in translation, 6.1.25; 14. Travellers’ tales 20.1.2025; 15. Audit your days 17.2.25;

THE ARUNACHAL TIMES

Poem: 1. Hope—In The Arc of Twilight, 13.8.23; 2. Poem: Spring 3.3.24; 3. Poem: The Morning Walk 10.3.24;

BANDRA TIMES, MUMBAI

Articles & Poems: 1. Poem: SPRING, 1.4.23; 2. Poem: Mother, 1.6.23; 3. Poem: Rain Rain, 1.8.23; 4. A Lesson From Dalai Lama, 1.6.24; 5. Read to rise above Mediocrity 1.8.24; 6. Poem: Merry Christmas 1.12.24; 7. Poem: Happy New Year 1.12.24; 8. The Enduring Colours of Holi 1.2.25; 9. Poem: Global Warming, 1.4.25; 10. Pahalgam Carnage 1.6.25; 11. Life Lessons 1.6.25;

THE GOAN NET NEWSPAPER

Poem: 1. Autumn – The Interim Heaven, 6.10.24; 2. Reader’s Rewind 17.11.84; 3. Reader’s Rewind: The Irony of Tash Moustache or Mooch 5.12.24; 4. The Sunset Point 22.12.24; 5. Reader’s Rewind: The Joy of a Morning Walk, 3.1.25; 6. Harmony in creation 26.1.25; 7. Poem: What is truly Good for me? 2.1.25; 8. Poem: We both were left behind, 9.2.25; 9. India Afloat like Ship of Theseus, 23.2.25; 10. Maha Shivratri: A night of divine illumination, spiritual awakening, 26.2.25; 11. Poem: Good Day Bad Day, 2.3.25; 12. After Birth, Death is the First Spiritual Tip, 30.3.25;

CITY ESSENCE MAGAZINE

Three Love Stories: A Comparison, July 7. 2025;

SRIJON MAGAZINE

Articles & Poems: Poem: 1. Global Warming 1.5.25; 2. India Afloat Like The Ship of Theseus 1.5.25; 3. Reincarnation of the Dalai Lama In A Free World.

ARTICLES IN THE DIGITAL MAGAZINE ESAMSKRITI

Aritcles: 1. 29.12.2020: Indica by Megasthenes; 2. 14.3.22: About The Dimasa Kingdom Assam; 3. 10.12.22: Grand Trunk Road–Uttarapath; 4. 5.10.23: The Ghost Town of Kuldhara Near Jaisalmer;

(ALL THE ABOVE BOOK TITLES ARE AVAILABLE FOR SALE ON AMAZON, FLIPKART AND OTHER ONLINE STORES OR YOU COULD EVEN WRITE TO US FOR A COPY)

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