Preferred Summaries

…Precise and Powerful

Author: T. Harv Eker |

Pages: 200
Publisher: Harper Collins
Category: Motivation & Finance
Summarized By preferred Books…Distributing Knowledge!

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Name of Book: The Secret of the Millionaire Mind

Who the Heck is T. Harv Eker and why should I read this book?

T. Harv Eker starts this book in a dramatically challenging way, attempting to let you know that this book is not just another book but one written in a painful, practical and proveable point of view. He started by stating how he had always been seen as full of potentials but with no results to show for it. He was almost always broke, always jumping from one opportunity to another in an attempt to break out of poverty. After what seemed like eternity, he encountered a man who showed him the missing link. The man challenged him to study rich people and try to think what they think so that he can do what they do and predictably get the results they get. By doing that, he became a multimillionaire and this book is his scientific attempt at making his lessons available to all. What marks this book out as unique is that he produced a powerful way of helping anyone replace their money repelling, poverty afflicted mindset so that thinking the way rich people think can really take root in them. He stated that anyone without what he calls the right financial blue print, no matter what they do can never be rich. Finally, he learnt that the rich confront negative thoughts anytime it enters their minds.

YOUR MONEY BLUEPRINT:

The author started this topic by reminding us that life is made up of complimentary dualities; good and bad, up and down etc and as such, just as we have the outer laws of money like cash flow, income statements etc, we also have the inner laws of money, depicting things like your belief about money, self confidence, ability to do things when you don’t feel like it, acting in spite of fear etc. He maintains that without the right inner laws or blue print, one can never be rich. WEALTH PRINCIPLE: your income can only grow to the extent you do. The right money blueprint is so important that if you receive an amount of money you have not internally grown up to, that it will dwindle down to the amount you are capable of handling. He maintains that we have four quadrants in life; the physical, the mental, the emotional and the spiritual world. He maintained that the physical world is simply a print out of the other three.

DECLARATIONS:

Harv Eker believes that declarations are powerful tools for dramatic change. This is because it generates energy that flows to all parts of our body and life is literally made up of energy. He advises that we declare daily; ‘my inner world creates my outer world” and touch our head and say; “I have a millionaire mind” WHAT’S YOUR MONEY BLUEPRINT; How is it formed? Your money blue print is your psychological design or belief concerning money. He stresses that this is formed from what we heard, saw or experienced concerning money, mostly at home. He gives a formula to how its formed by teaching that our thoughts produce our feelings and our feelings drive us to action and action produces our results. Money is an emotional and how our parents treated money as we grew up often creates our emotional attitude that rules us concerning money and that whenever the subconscious has to choose between emotion and logic that emotion always wins. He went on to present the four steps to change: awareness; being aware of the need for a change, understanding what needs to be changed and its influence on you, disassociating yourself from what needs to be changed and lastly, reconditioning which deals with strategic declarations. The author emphasized here he issue of motives in building wealth. He stated that if your motive is driven by anger, revenge, competition and other negative drives, that if you eventually get the money, you will never enjoy it, because, its either you lose the money to be happy or you recondition your motive to that of service and the freedom to serve that money brings. SO, WHAT’S YOUR MONEY BLUE PRINT? Are you set for having a high, moderate or low income? Are you programmed for managing or mismanaging money? You can never have money beyond what your blue print is set for and the good news is that it can be changed.. WEALTH PRINCIPLE: Consciousness is observing your thoughts and actions so that you can live in the present choice instead of being run by a default programming from the past. This book is set to get you thinking like the rich so that you can feel like they do and take the actions they take and eventually get the results they get.

WEALTH FILES:

the author explained that to get the best out of this topic one must quit being right so that one can detect and work on one’s doing habits; habits of doing certain things and non doing habits; those formed by our inaction. WEALTH FILE 1: Rich people believe that they create their own life while poor people believe that life happens to them. The mental acceptance that you are responsible for your financial destiny is indispensable to becoming a millionaire. The author believes that poor people have a habit of blaming things other than themselves for being responsible for their situation. He also reveals that the poor tries to justify the fallacy that money is not important and no one gets rich with this mentality. When one complains, he becomes a magnet for attracting complaint inducing situations.

DECLARATION;

Touch your head and say: ‘I create the exact level of my financial success; I have a millionaire mind’

WEALTH FILE2:

Rich people play the game of money to win while the poor play to lose. The rich are often offensive in their financial dealings and often win while the poor are defensive and often, don’t win. The poor rich and the middle class aim to survive and be comfortable while the rich aim to be rich and the law of intention says that whatever you aim is what you get.

WEALTH FILE3:

Poor people want to be rich but rich people are committed to being rich. Wanting something is akin to asking with little involvement but commitment is giving 100% towards achieving something.

WEALTH FILE 4:

Rich people think big while poor people think small. In the author’s opinion, supply, demand, quality and quantity determines what happens in the market and what separates the rich and the poor is quantity. The rich thinks of how to reach as many as possible but the poor thinks of survival.

WEALTH FILE5:

Rich people focus on opportunities, the poor focus on obstacles. Rich people expect to succeed in all they do while poor people make decisions out of fear. The rich think it will work, because, I will make it work but the poor think that are so many reasons while it will not work. The rich focus on what they want while the poor focus on what they don’t want.

WEALTH FILE6:

Rich people admire other rich and successful people while poor people resent the rich and successful. This mentality is very injurious according to the author, because, one cannot attract what one resents.

WEALTH FILE 7:

Rich people associate with positive happy people while poor people associate with negative unsuccessful people. The author reminds us again that energy is contagious and that the energy of people closest to you reflect your own energy.

WEALTH FILE 8:

Rich people are willing to promote themselves and their value while poor people think negatively about promotion and selling. Rich people believe in value and are constantly seeking for ways of promoting the value they bring to life while poor people are insecure and ever resent promotion and selling.

WEALTH FILE9:

Rich people are bigger than their problems while poor people are smaller than their problems. Rich people believe that they are bigger than any problem that may confront them and the more they solve, the more they are paid while the poor are afraid of tackling problems and are always procrastinating.

WEALTH FILE10:

Rich people are excellent receivers while poor people are poor receivers. Rich people value themselves and believe that they deserve the best in life while poor people underrate themselves and believe that anything is okay.

WEALTH FILE 11:

Rich people choose to get paid based on results but poor people choose to get paid based on time. Rich people take responsibility for their financial lives by staking their expectations based on results they produce while poor people are afraid of commitment and instead mortgage their expectation based on a factor they can’t control in the name of security.

RICH FILE12:

Rich People think ‘both’ while poor people ‘either/or’ Rich people have with mindset that they can have the best of all things good while poor people with limitation based mentality believe that one should go through life ‘managing’ and choosing between scarce means.

WEALTHY FILE13:

Rich people focus on networth while poor people focus on their working income. Net worth is what remains when liabilities are deducted while working income is money earned from active work. Net worth comprises income; passive and active, savings, investments and simplification. Simplification is the act of eliminating unnecessary liabilities and expenses around your financial life.

WEALTH FILE14:

Rich people manage their money well. Rich people take the time and pains to understand how money works where and how to use money while poor people are lazy when it comes to studying and understanding how money works. For instance, every rich people exercise the discipline to learn how their money can make more money for them.

WEALTH FILE15:

Rich people have their money work hard for them while poor people work hard for their money. What occupies rich people’s thought is how to make their money work for them while poor people are concerned with how to work hard and make more money.

WEALTH FILE16:

Rich people act in spite of fear and poor people let fear stop them. Rich people are aware that embracing reasonable risks is what makes rich and they do it while poor people allow the fear of losing stop them from stepping out. If you are willing to do only what’s hard, life will be easy but if you are willing to do only what’s easy, life will be hard. WEALTH FILE17: Rich people constantly learn and grow; poor people think they already know. True knowledge is demonstrated and the rich are constantly minimizing their ignorance and maximizing their knowledge by seeking knowledge. You can be right or wrong or you can be rich but you can’t be both. The learners shall inherit the earth while the learned shall be beautifully equipped to live in a world that no longer exists. Conclusion: The author concludes that the fastest way of becoming and staying rich is to constantly develop oneself. This book is about mental re-organization by exposing subtle but dangerous beliefs that limit us financially. Finally, don’t just read it, don’t just talk it, don’t just think it but actually, do it.