130. Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth
Rating: ☆☆☆
Recommended by:
Author: T. Harv Eker
Genre: Non-Fiction, Personal Finance, Psychology, Self Improvement
212 pages, published February 15, 2005
Reading Format: Book
Summary
Secrets of the Millionaire Mind is not your typical personal finance book. Rather than focusing on procedures for getting rich, T. Harv Ecker (“Harv”) emphasizes that before you can achieve great wealth, you may need to change your mindset. Harv states: “Give me five minutes, and I can predict your financial future for the rest of your life!” He does this by identifying your “money and success blueprint” and shows how rich people think and act differently than most poor and middle-class people. According to Harv, we all have a personal money blueprints ingrained in our subconscious minds, and it is this blueprint, more than anything, that will determine our financial lives. Harv then shows you how to reset your money blueprint to create natural and automatic success.
Quotes
“If you want to change the fruits, you will first have to change the roots. If you want to change the visible, you must first change the invisible.”
“When you are complaining, you become a living, breathing “crap magnet.””
“Recall that thoughts lead to feelings, feelings lead to actions, and actions lead to results. Everything begins with your thoughts—which are produced by your mind.”
“The purpose of our lives is to add value to the people of this generation and those that follow.”
“Money will only make you more of what you already are.”
“The number one reason most people don’t get what they want is that they don’t know what they want.”
“What you focus on expands.”
“If your motivation for acquiring money or success comes from a nonsupportive root such as fear, anger, or the need to “prove” yourself, your money will never bring you happiness.”
- Rich people believe “I create my life.” Poor people believe “Life happens to me.”
- Rich people play the money game to win. Poor people play the money game to not lose.
- Rich people are committed to being rich. Poor people want to be rich.
- Rich people think big. Poor people think small.
- Rich people focus on opportunities. Poor people focus on obstacles.
- Rich people admire other rich and successful people. Poor people resent rich and successful people.
- Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people.
- Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
- Rich people are bigger than their problems. Poor people are smaller than their problems.
- Rich people are excellent receivers. Poor people are poor receivers.
- Rich people choose to get paid based on results. Poor people choose to get paid based on time.
- Rich people think “both”. Poor people think “either/or”.
- Rich people focus on their net worth. Poor people focus on their working income.
- Rich people manage their money well. Poor people mismanage their money well.
- Rich people have their money work hard for them. Poor people work hard for their money.
- Rich people act in spite of fear. Poor people let fear stop them.
- Rich people constantly learn and grow. Poor people think they already know.”
“Robert Allen said something quite profound: “No thought lives in your head rent-free.”
“It’s not enough to be in the right place at the right time. You have to be the right person in the right place at the right time.”
“The first element of change is awareness. You can’t change something unless you know it exists.”
“just realize that no amount of money can ever make you good enough. Money can’t make you something you already are.”
“How will I know when I’ve completed my mission?” The answer? “If you are still breathing, you are not done.”
“WEALTH PRINCIPLE: When the subconscious mind must choose between deeply rooted emotions and logic, emotions will almost always win.”
My Take: I found a lot of Secrets of the Millionaire Mind to be rather hokey. For example, at the end of every chapter, Harv advises his readers to put their hands on their heads and repeat the mantra “I have a Millionaire Mind.” Count me skeptical, but I don’t see that working for me. I did, however, think he had some interesting insights into how certain people will never be wealthy, or will quickly lose their wealth should they somehow obtain some, because of a mindset that is anti-wealth. I’ve observed this first hand among a few friends and family members. If you are envious or resentful of rich people, it is highly unlikely that you will ever be rich yourself. On a related note, my husband and I have noticed that it is very difficult for people to hold onto money when they did not play a part in earning that money in the first place. I also found Harv’s observation that when you are complaining, you become a living, breathing “crap magnet” to be hilarious and true.
