This quote emphasizes the importance of mindset, language, and planning in the pursuit of wealth. To break it down, the “right mindset” refers to the attitudes and beliefs one holds about money. This can include the belief in one’s ability to accumulate wealth, the willingness to take calculated risks, and the commitment to continuous learning and improvement.

The “right words” in this context, could mean two things. Firstly, it could refer to the internal dialogue we have with ourselves about money. Negative self-talk can limit our potential, while positive affirmations can empower us. Secondly, it could also mean the language we use when discussing business or financial matters. Understanding and using the language of finance can open doors and create opportunities.

The “right plan” means having a clear, strategic, and actionable plan for wealth creation. This could involve investing in assets, starting a business, or creating multiple streams of income. It also means having a plan for managing and protecting that wealth once it’s acquired.

Applying this idea in today’s world or in personal development involves adopting a growth mindset towards money, educating oneself about financial matters, and creating a detailed financial plan. It’s about shifting from a scarcity mindset to an abundance mindset, and from being a passive consumer to an active investor or entrepreneur. It also involves being mindful of the language we use when we talk about money, ensuring it’s positive, empowering, and informed.

In a world where financial literacy isn’t often taught in schools, adopting these principles can give one a significant advantage. It can lead to better financial decisions, greater wealth, and ultimately, a more secure and fulfilling life.