- Hello there and welcome.
This is Bob Proctor.
What does the word budget do to your mind?
Budget. You know words are symbols.
And every symbol has a corresponding image.
Well I'm going to tell you something
budget, does nothing positive to my mind.
And I was asked if I would Proctorize
the concept of budget.
Well, let me explain.
Up until I was 26, I didn't even know
the word budget or anything else.
I mean I was going nowhere, doing nothing.
I was moving in the wrong direction.
And then I was given this book.
And I've told this story many times,
the man said "if you do exactly what I tell you,
do what this book suggest, you can have anything you want."
Well he had my attention.
And I read the book.
And I started to reread the book.
And I was doing exactly what he told me.
And all of a sudden, I wanted a lot of things
that I didn't have, but I didn't have the money to get them.
And I only knew one way, to get more money.
I had to go to work.
And I went to work.
And I'm going to tell you, I really worked.
See budget to me, is a concept
where you, well first of all
you're trying to live within your means.
A budget is something where you take what you've got
and figure out how to live on that.
Well that just never appeal to me.
I didn't really know anything about success.
I didn't know anything about financial independence
or how to earn money.
But the idea of living within you means,
or figure out how to live with what you've got,
it just never appealed to my nature.
It never did.
And when I read this book,
I'm going to tell you,
it really messed up the concept of a budget.
I didn't want to have any part of it.
Now, as I just said, I think budget
is a word, and it's a concept where you
learn to live with what you've got.
I think budgets are probably
maybe a good thing for politicians.
Or for governments and then they're not
coming in asking us for more money.
Although almost any government in the world today
they're way beyond budget in almost every aspect of life.
Well, what did I do?
I reversed the whole concept.
Now of course this book taught me
to reverse almost everything in life anyway.
If only three, four, five percent
of the population are going in the right direction.
Well that means, 95% are going in the wrong direction.
SO if you want to win, go and do exactly
the opposite of what almost everybody's doing.
Now, I went to work with Earl Nightingale.
I listened to his recording for a long time.
And that's essentially what he said.
If you want to win, and you don't want to think,
if you're going to follow other people,
he said there's a large group of people
going that way, one or two going that way,
follow the one or two and you'll probably
never make another mistake, as long as you live.
Well I made up my mind that
I did not want to live within my means.
I did not want to figure out how to live
with what I was earning.
I wanted to figure out how to earn
enough to live the way I wanted to live.
And I don't know about you, but
that really did appeal to me.
And that's really what Napoleon Hill book,
Think and Grow Rich, was teaching me.
So I had one part of the puzzle, I think
sort of figured out, go to work.
And I really believed that the answer was work harder.
Now, I was on the fire department at the time.
We only worked seven days and seven nights a month.
There was two shifts, eight in the morning
till six at night, six at night till eight in the morning.
And when we're on the night shift,
we could make our bed and go to bed.
If there was no fires, we'd sleep all night, till we get up.
I was virtually retired, and I worked seven days a month.
And from eight till six,
left me a lot of free time.
Now periodically, in the middle of the night
somebody would start a fire,
I always thought it was rather inconvenient
when we had to go and put the fire out,
so we had to work at night.
But, for the most part, I was in a slow haul,
we'd work about seven days a month.
So I had a lot of free time.
And I was reading this,
and I've told the stories many times,
somebody said there's good money cleaning offices.
I said I'm not proud, I'll clean offices.
Now the idea, and he told me,
the man that told me this, he said
"But clean it for yourself,
don't work for somebody else."
So I had to borrow some money and I bought a
used floor machine, some buckets, some mops.
And I started to clean offices.
Now I was earning some extra money.
Then, somebody wanted some painting done,
so I started to paint houses.
And I painted outside of houses, inside of houses.
If I needed maybe $90, I think that's a bedroom to paint
or the outside of a house maybe $150.
Now this is back in the early sixties.
But I judged how much I could earn by doing certain things.
I remember I was visiting some relatives,
and they were in an apartment building.
They had a little balcony that we'd sit outside.
They had a couple of lawn chairs on the balcony.
And I remember a coco mat on the floor.
And I thought this is kind of nice
but there's something missing.
And I thought, they don't have a garden.
There's no garden.
And you know if you're sitting in your backyard
your looking at flowers, so I thought,
I got the idea all a sudden of making
a flower box that hangs on an apartment balcony.
So I built apartment planters.
And I was selling apartment planters,
I was making them and selling them,
and I was doing pretty good at it.
I was cleaning offices, and I was painting houses.
There's friends of mine that had a variety store
and they were complaining one time
because they never get any time off.
I said, I'll come over and fill in for you
every now and then.
I get a dollar and hour.
I told them it was to help them,
it was for the dollar an hour.
Now what was I doing, I was painting houses,
now first of all, I was fighting fires,
I was painting houses, I was cleaning floors,
I was making these apartment planters,
and I was working in a variety store.
All of this was to earn extra money.
You see, I knew what it was costing me to live,
and I wanted to live better, I had to earn more.
And I had to earn more, and I had to earn more.
And I was working a budget, little different than everybody.
I didn't take what I had,
and figure out how I can live on it.
I figured out how I wanted to live,
and then I go out and earn the money to do it.
I had the whole concept reversed.
So if you're going to Proctorize your budget,
throw the budget away.
But understand this, you've got to earn the money.
Money has to be earned.
Now we're going to be making another video
on earning money and the way to go about it.
And possibly on the law of compensation, another concept.
There is a law governing compensation.
I had part of the answer figured out,
but part of it I didn't have figured out at all.
Because I was working at so many different jobs
I was wearing myself out.
I was exhausted.
And I read in here where Charlie Schwabs says
put all your eggs in one basket, and then watch that basket.
I didn't have all my eggs in one basket,
I had about seven or eight baskets.
And I was running from one job to the other.
Now I was earning pretty good money,
but I'm going to tell you, I was killing myself to do it.
But I didn't budget.
I did not like the idea of a budget.
I did not like the idea, that I was going to take
my pen to figure out how to live on what I was earning.
I always liked the idea that this book
motivated me to think of how to earn enough
to live the way you really want to live.
So the Proctor budget is a little different
than most people's budget.
Now if you happened to be in debt,
I tell a story in this book, Born Rich.
And you can get this book, if you go on our site
go to Proctorgallagher.com
you can download this for nothing.
I think it's around page 36 or 37,
we show you how to get rid of debt.
How to totally get rid of it,
so you don't even think about it anymore.
Chapter two is, how much is enough.
How much is enough?
Well, that's a good question.
And you see, I keep asking myself
because I did not want to live with a budget
I wanted to live a better life,
this was telling me I had to live a better life,
and I figured out, all the money in the world
is available to you, all you have to do is earn it.
So the idea of sitting down, and figuring out
how to live in accordance with
the amount of money I was earning,
it did not appeal to me.
It may appeal to you.
It works for some people.
Works for about 95% that want to stay out of debt.
But for that other five percent,
that group that I joined a long, long time ago,
the budget, throw it away.
Think of what you want to do,
how you want to live,
and then make up your mind you're going to do it.
Now, I'm not telling you to follow the track I was on,
where I was working at six, seven,
eight different jobs.
You keep listening,
we're going to be teaching you, how money's earned,
how the wealthy do it, and we're going to be talking about
the law of compensation.
So you stay right here, and find another video
and you're going to find it, on how to earn money.
And then another one, law of compensation.
But as far as the budget goes, get rid of it.
I didn't like the idea.
If you want to win.
If you want to live like the majority of people live,
you know that stay within their means,
do what they did.
That's not Proctorizing your budget.
Proctorize your budget, burn the damn thing.
Get rid of it.
Figure how out much you need to
live the way you want to live,
and understand this,
all the money in the world's available to you.
You know the song, Love is in the Air.
Well I got another one, money's in the air.
All the money's available to you,
all you have to do is earn it.
Try it, you'll like it.