Entrepreneurs in Training | Fail Your Way To A Freedom Lifestyle | Create Online Businesses

Entrepreneurs in Training | Fail Your Way To A Freedom Lifestyle | Create Online Businesses


EIT 057: Secrets Of The Millionaire Mind by T Harv Eker

July 31, 2015

Shownotes: www.entrepreneursintraining.net/57
T Harv Eker's Secrets of the Millionaire Mind Summary
The book basically has 2 parts. In part 1, Eker argues we need to re-program ourselves to create a financial blueprint that will lead to wealth and success.
Your financial blueprint:
Your Blueprint consists of your thoughts, feelings, and actions about money and success. They determine your results. We all have a blueprint embedded. Harv says he can determine your blueprint within 5 minutes of meeting you. Your Blueprint is formed in your early childhood. Parents and other influences teach us how to think about money and success (subconsciously). You’re either a copy of your parents, or you rebelled against it. Either way you were heavily influenced by it, whether you know it or not. Our blueprint becomes the way we automatically react to money and success. Eker argues you have to have the right mindset to be rich. Not to make money- but to make and keep money. Most people don’t have that capacity. For example lottery winners often lose it all. Eker wants to reprogram you so you have a different blueprint. He wants to reprogram you so your thoughts, feelings, and actions support the results you want. In part 2 of the book, Eker lays out 17 “Wealth Files” to help us think like the wealthy.
6 of the 17 Wealth Files

Rich people think I create my life. Poor people think Life happens to me

Take responsibility for results you get.
Action: Go for a week without complaining, blaming anyone, or justifying anything. If you catch yourself doing it, swipe your finger across your throat like your slitting your financial throat.

Rich people are committed to being rich. Poor people want to be rich. Eker describes 3 levels of wanting:

Want: you "want to be rich". Poor people think this.
Choose: you "choose to be rich". Poor and middle class think this.
Commit: committed means doing whatever it takes, no matter what.

Action: Write a paragraph on specifically why creating wealth is important to you.
Rich people admire other rich and successful people. Poor people resent rich and successful people. Rich people aren’t inherently bad. Eker shares a story about driving a clunker and people letting him into a lane when he wanted to change lanes. But when he got rich and drove a Jaguar, people wouldn’t let him in. Also, his car got keyed, etc. People clearly resented the symbol that he was wealthy. Action: Write a short letter or email to someone you know highly successful, telling them how much you admire them.
Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion. (caveat) You have to believe in your product and know it provides value
9: Rich people are bigger than their problems. Poor people smaller than their problems. If you have a big problem, it means you’re being a small person. Get bigger than your problem and don’t allow it to affect your happiness or success.
14: Rich people manage their money well. Poor people mismanage their money well. It’s work to manage your money, but a necessary job. Make it a habit. Eker recommends different amounts for different accounts:

10% Financial Freedom
10% long term savings
10% Education
10% Donation
50% Necessities
10% Blow it on yourself account