I received a query about Self Hypnosis suggestions:

I have a question about self-hypnosis. Is it better to give self-suggestion like:

I am now a billionaire

0r

You are now a billionaire

Okay this is just an example I am just wondering which is better to word, in first or second person? Or should you do both within the script???

This question has been debated endlessly. No one has ever come up with an answer that satisfies everybody. It is not simply a matter of wording. 

1. Can you do anything in self hypnosis? Self hypnosis refers to the process of putting yourself into trance. Once you are in trance, you are not actually capable of forming logical thoughts. If you can, then you are not in trance. So if you can't form coherent thoughts then you can't form sentences and the words don't matter.
2. Do you mean creating a recording you will listen to so that you put yourself into trance? I have never met anyone who has done this successfully. It is no problem to write out a script and record suggestions. But few people like the sound of their own voice, and since you wrote it you know what comes next and why you used those particular words. It is hard to get enough detachment to go into trance as you would if someone else was doing it.
3. If we are actually talking not about hypnosis but about affirmations, does the exact wording matter? Again, millions of words have beer written about affirmations and there is no clear answer.
4. If you have been brought up being told you are stupid and useless, then constantly reminding yourself that you are smart and capable will help to overcome your early programming. If you are an idle layabout then no amount of telling yourself 'I am a winner, I am a millionaire' will work. You just become an idle layabout with an inflated view of yourself. Changing the wording to 'You are a winner, you are a millionaire' doesn't really help.

You can play the recording (without the induction) over and over as you drive or at home doing something else and the words will eventually work their way into your subconscious. Whether they work or not is unknown. We are exposed to a massive amount of advertising but not all of it hits the mark. It is the same with self hypnosis suggestions.

The best way is to take yourself into trance with some relevant image in mind, and let your subconscious work on that for you. That process doesn't use words so the difference between 'I' and 'you' doesn't apply.