Tuesday, January 19, 2010

Secrets of the Millionaire Mind

Another book I'd like to recommend is T. Harv Eker's "Secrets of the Millionaire Mind: Mastering the inner game of wealth". The author believes that there is a money blueprint in our mind, and how we think, feel about money will determine our financial status. Thoughts lead to feelings, which lead to actions, which lead to results - the key to attaining wealth begins with thinking. Not just any thinking, but think like the rich do. T. Harv Eker encourages readers that we can all re-program our thinking and that successis a learnable skill.

There are 17 principles mentioned in this book that compares the differences in thinking between the rich and the poor/middle class. Behind each of these principles, the author has interesting stories to illustrate the point. Although it may not go down well with some people, it is nonetheless an interesting and thought-provoking read.

If you are 'Z-type reader', aka either busy or lazy, you can simply zoom in to the 17 principles. However, if you have time to spare, it would be more beneficial to read the book.

  1. Rich people believe "I create my life." Poor people believe, "Life happens to me."
  2. Rich people play the money game to win. Poor people play the money game to not lose.
  3. Rich people are committed to being rich. Poor people want to be rich.
  4. Rich people think big. Poor people think small.
  5. Rich people focus on opportunities. Poor people focus on obstacles.
  6. Rich people admire other rich and successful people. Poor people resent rich and successful people.
  7. Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people.
  8. Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
  9. Rich people are bigger than their problems. Poor people are smaller than their problems.
  10. Rich people are excellent receivers. Poor people are poor receivers.
  11. Rich people choose to get paid based on results. Poor people choose to get paid based on time.
  12. Rich people think "both." Poor people think "either/or."
  13. Rich people focus on their net worth. Poor people focus on their working income.
  14. Rich people manage their money well. Poor people mismanage their money well.
  15. Rich people have their money work hard for them. Poor people work hard for their money.
  16. Rich people act in spite of fear. Poor people let fear stop them.
  17. Rich people constantly learn and grow. Poor people think they already know.
An additional note: If you believe in the existence of an Almighty God, Heavenly Father, you may find that much of the contents are quite similar to bibical principles. Then again, most self-enrichment books, theories, tactics are based on biblical teachings. However, you may not agree with some parts of the book. In those instances, just take the meat and throw out the bones, ok? ;)

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