SECRETS OF THE MILLIONAIRE MIND BY T. HARV EKER | ANIMATED BOOK SUMMARY
Secrets of the Millionaire Mind by T. Harv
Eker When I got to page 174 I couldn’t help, but
smile, when I saw one of my favorite quotes by Mark Twain. “I’ve had thousands of problems
in my life, most of which never actually happened.” And it reminded me of the lessons I learnt
on fearlessness from The 50th Law. We, the people, live in a state of generalized anxiety,
most of our worries circulating around money & the lack or loss thereof, when our fears
oftentimes are merely just illusions. Secrets of the Millionaire Mind has some significant
similarities with Robert Kyiosaki’s Rich Dad, Poor Dad, but Eker takes it one step further,
when it comes psychology. He suggests that our mindsets on personal
finance come from the following 3 sources. Verbal Programming – the words we associate
with the rich, accumulating wealth, receiving paychecks, the government, celebrities and
the like. Phrases like “Money is the root of all evil” that tend to stick with us and
form our opinion on the matter. Modeling – the way we observe others & learn
from them, specifically when we model someone we look up to like our parents & see how they
handle money, which often is not the ideal way.
& Specific Incidents – events that have an impact on us, both negative & positive. Occurences
that could traumatize us like having to move out of a small city appartment, because our
family cannot pay the rent, suffering hunger & thirst, because we cannot afford to put
food on the table. Just like Kyiosaki, Eker states that most
of our beliefs & thoughts on money stem from our parents, peers and other influencers with
authority, along with any situation, where we might observe greed & unfairness surrounding
the exchange of money, goods & services. Incidents that leave a bad taste, when we think about
money. All of these factors form a story for us that
we inevitably start believing in, while we’re still young, many of us not ever changing
our views, until we die. Because what do children do? They look for
external sources of information on how the world works, of which a big part is the idea
of “valuable papers” – money. They’re infinitely curious until the environment we live in dulls
that sense of wonder & eliminates yet another potential thought leader who could’ve changed
the world one day. Instead of becoming another Elon Musk that
child is more likely to grow up to be a failure on the subject of personal finances and thus
likely to be a failure in all other areas of life, as well, believing they already know
everything & that what they know is the only right answer.
Probably the saddest part about that is that they will force their views on their children,
when they reproduce. Thinking “I already know everything”, instead
of consistently learning & embracing new ideas with deep humility, is one of 17 beliefs that
seperate the poor and the middle-class from the rich.
You have successfully developed a millionaire-mind, when you believe
1. You’re in control, instead of at the effect. 2. You focus on making money, instead of not
losing it. 3. You commit to being rich, not “wanting
it.” 4. You think big, instead of limiting yourself.
5. You focus on solutions & opportunities, instead of problems & obstacles.
6. You admire successful people, instead of envying them.
7. You associate with the ambitious, instead of losers.
8. You promote yourself, instead of shying away from it.
9. You can solve any problem, you’re not smaller than your problems.
10. You receive well. 11. You choose to get paid for results, instead
of time. 12. You consider all options, instead of trying
only one. 13. You focus on your net worth, not your
salary. 14. You manage your money well.
15. You have money work for you. 16. You face your fears, instead of succumbing
to them. 17. You constantly develop, instead of stalling.
In closing, successful people discard limiting beliefs, while the unsuccessful let and keep
themselves down. A limiting belief might sound like this. “The rich are greedy, selfish,
like to boast and show off.” or “The rich want to keep us down. That’s the only way
they can continue to make their money.” That sounds a lot like what my parents have told
me when I was young & so I used to think I will always be poor, like a farmer born in
the middle ages, that was just going to be my reality. I wasn’t adopted by Angelina Jolie
& so I would have to be miserable for my whole life. Although I just tried to be funny there
this is actually a topic close to my heart. Why couldn’t I possibly make a living doing
something I love? Why is trying to pay your bills by contributing, self-promoting & bringing
value to other people’s lives seen as something so sinister? Do people not understand you’re
working hard with positive intentions and that you want the best for them so all they
do is attack you from their coach, where they do nothing, but try to spread their misery
over the internet? It only stems from a poor mindset, a loser
mentality. Those are people who will never get anywhere if they don’t change their views.
Please, choose to work on yourself, rather than thinking you’ve got it all figured out.
There is no such thing as having it all figured out. Start taking control of your life & measure
how successful you are by how much you’re enjoying yourself, how happy you and your
loved ones are. It’s not about living long, it’s about living well. It’s not about being
wealthy, it’s about enjoying wealth. You don’t need a million dollars in order to live like
a millionaire. You need a millionaire-mind that will allow you to live a life truly worth
living. As always thanks for watching & subscribe
for more content of this kind coming up shortly on illacertus. This one specifically has been
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