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May 26, 2020

The Secret to Millionaire Mind by T Harv Eker!






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Have you ever wondered, how the rich millionaires think and how do they create and acquire wealth and it seems so easy for them while the average people struggle and if you notice one thing common in them is all of them are entrepreneurs and no one becomes rich by doing a salaried job? 

They create employments, create solutions for people's problems, create money, help society in some way or another.

Is the difference found in their upbringing, education, intelligence, skills, timing, work habits, contacts, luck, or their choice of jobs, businesses, or investments?

In Secrets of the Millionaire Mind, the Author explains that our prior programming since childhood on the subject of money has a deep impact on how we interact with money and what our future possibilities of wealth are likely to be.

The book is all about mastering the game of Wealth Management and he shared the secrets of how the millionaires think and work for the money than the common man. 


What is the Formula they apply regarding wealth building and can reach ones goals or dreams?



The Author's early life was tough as there was always a scarcity of money and his parents struggled to make ends meet.

Moving to the US as a young adult, Harv began to grow his ambition of financial success started several business ventures, none of which succeeded. Eventually, he went on to open one of the first retail fitness stores in the US, which grew to 10 branches in just two and a half years.

Harv was able to sell part of the business to a Fortune 500 company at an impressive $1.5 million, making his dream finally become a reality.
This was when Harv started to consider the way people think about money and wealth. 

His blueprint was set for a certain level of financial achievement, meaning that everyone else’s blueprint was probably also set to something like this.


An interesting thing is he realized that this blueprint could be changed by using a series of principles and techniques that he now teaches in his Millionaire Mind book and seminars.
                                     

About the Author: 

The Author's early life was tough as there was always a scarcity of money and his parents struggled to make ends.

Moving to the US as a young adult, Harv began to grow his ambition of financial success started several business ventures, none of which succeeded. Eventually, he went on to open one of the first retail fitness stores in the US, which grew to 10 branches in just two and a half years.

Harv was able to sell part of the business to a Fortune 500 company at an impressive $1.5 million, making his dream finally become a reality.
This was when Harv started to consider the way people think about money and wealth. His blueprint was set for a certain level of financial achievement, meaning that everyone else’s blueprint was probably also set to something like this.

An interesting thing is he realized that this blueprint could be changed by using a series of principles and techniques that he now teaches in his Millionaire Mind book and seminars.






The Author explained about 10 principles to acquire wealth and we will explain that in details. 




1. You are the root of your success:
According to the author, everything you have around you is the result of your thoughts that first in our mind, and then it became a reality. 

He wanted to say that if you want a different result, the root must first change, which is to say that you first change.
One need to first develop a blueprint of the financial wealth files in your head, once you have developed the financial blueprint in your mind, success will come to you
since your inner though in your subconscious mind create your outer world

2. Come out of your comfort zone to achieve great things.
The author says that the comfort zone is not the way to succeed. The majority of people are not successful because they become comfortable in there comfort zone.

You have to be willing to deal with the uncomfortable if you desire success. You are where you are right now because all the things you do right now are comfortable and they are not getting you anywhere and if you continue to do it, you will just stay the same.

3. Work on adding value and solving problems:
The biggest mistake almost every entrepreneur makes when it comes to starting a business is that everyone focuses on the opportunity to earn money.

Instead, you should look for the problems and solutions to those problems and grow your business surround that problem and when you solve someone's problems and problems for many people... You are helping people with your product or service that is adding value in their life and money will eventually follow.

He advices everyone who wants to start a business to focus on solving the problems. Look for problems and be a problem solver. Solve a specific problem for a specific person, and then duplicate the results for many people.



4. Learn to handle what you already have:
You must learn to handle what you already have to have more of it in your life. 
For instance, most people will not save any money until they have more.

If you want to be financially successful, you must learn to handle your finances, even if you do not have much. Success starts small.

You must understand that if you want to be financially successful, you must learn to handle your finances, even if you do not have much. Success starts small. Most people do not know how to handle $1,000, but yet, they requested from the universe that they wanted to make a million dollars. 

You must learn to manage $1 if you want to have $10, and you must learn to manage $100 if you want to have $1,000.


5. Invest in yourself and what you focus on Expands:
The key is to constantly invest in yourself so that you will grow and become a better person worthy of the success you want. Constantly learn, develop new skills,  and increase your self-worth.

It is just like the bamboo tree story. If you want to grow a bamboo tree, it requires a lot of nurturing with water, fertile soil, and sunshine. When you planted the seed, water it, 
and add fertile for the entire year, nothing happens and if you continue to do so for the second year, nothing will happen too and goes the third year and the fourth year. At this point, you may feel like giving up but don’t. In the fifth year, you will see the bamboo tree grows 80 feet tall in just six weeks.

The same thing will happen when you invest in yourself. You may not see the results in the first few years, but do not give up, continue to grow,and the rewards will be well worth it.

6. Play to Win
The Author said that rich and successful people often play to win, while the unsuccessful and mediocre people play not to lose and this has a tremendous impact on life.

When you play something to win, you will go all out and give your best because you want victory. However, when you play not to lose, you will be reserved and are not willing to go all out.

Imagine if you build a business out of your hobby. Guess what, you will be getting “hobby-like” results. On the other hand, when you build a business because you want to win big, you will operate from a completely different mindset. 

You will be serious about making your business work, and you will be committed because you want to win.


7. Do the easy things in life and start with small
People are always looking for the difficult, complicated, and hard things to do. They associate being successful as doing difficult things in life. While it is true that sometimes success can be hard, there will also be times where success is about doing the easy things too.

Everyone knows that if they want to get healthy, they need to have a proper diet and eat more greens. Eating more vegetables and consume more fruits are not difficult tasks.

These are easy tasks to do, but most people do not want to do them.

Reading books to improve your financial education is easy and important, but if you choose to not do it, in the end, you may suffer financially because you did not do the easy thing in the beginning. The same goes for every area of your life. When you do not do the easy things in life, they will make your life difficult. So commit to doing the easy things from now on.



8. Learn from successful people
One of the ancient Indian teacher and a man of wisdom Chanakya said once, Learn from the mistakes of others, you can't live long enough to make them all yourselves. 

An Intelligent person learns from others mistakes instead of learning from his own mistakes.

Why it is that successful people can produce outstanding results in their lives? This is because they are good learners and learn from others. They learn from other successful people and get influenced, as It is said you become the average  person you mostly hang out with.

So they always keep learning from people who are more successful than them. 


9. Every Master was once a disaster:
Once every master went through many failures before mastering anything. Nobody was born a winner. Winners are made, not born. More importantly, you can learn to be anything or anyone you want to be.

The author says that, that everything starts from ground zero and everyone can learn whatever they want if they have the desire.

Before Thomas Edition invented the bulb, his teachers said he was "too stupid to learn anything." He was fired from his first two jobs for being "non-productive." As an inventor, Edison made 1,000 unsuccessful attempts at inventing the light bulb.
When a reporter asked, "How did it feel to fail 1,000 times?" Edison replied, "I didn't fail 1,000 times. The light bulb was an invention with 1,000 steps." "Great success is built on failure, frustration, even disaster. So failure is the initial step to success.


10. Don’t Forget to Wear Your Awesome Glasses
No one can stay motivated and inspired forever. There will be days when you will feel like you do not want to do things and just wanted to quit.

Highly successful people face this situation too, but they choose to do it anyway when things are going tough and whenever you feel upset, no motivation, or feeling depressed, use this technique to inspire you and make you feel awesome.

You are going to look at life in some ways somehow, so rather than choosing to look at the world in a pessimistic view, look at it from an awesome perspective.

Disclaimer: Here I am not referring this to rich and poor people, its difference of the mindset which is one is of rich mindset and another is of poor mindset.                                          
        Key Lessons
  • Rich people believe create my life and instead of blaming others and the situation they take responsibility and poor people blame others and the situation.
  • Rich people play the money game to win and Poor people play the money game not to lose.
  • Rich people are committed to being rich and Poor people do not take action and all they do is they want to be rich.
  • Rich people think big and Poor people think small.
  • Rich people focus on opportunities and Poor people focus on obstacles.
  • Rich people admire other rich and successful people on the other hand poor people hate rich people.
  • Rich people associate with positive, successful people and Poor people associate with negative or unsuccessful people.
  • Rich people are bigger than their problems and Poor people are smaller than their problems.
  • Rich people are excellent receivers and Poor people are poor receivers.
  • Rich people choose to get paid based on results and Poor people choose to get paid based on time.
  • Rich people think “both” and Poor people think “either/or”.
  • Rich people focus on their net worth and Poor people focus on their working income.
  • Rich people manage their money well and Poor people do not do good wealth management.
  • Rich people have their money work hard for them and the Poor people work hard for their money.
  • Rich people act despite of fear and the Poor people let fear stop them. 
  • Rich people constantly learn and grow and Poor people think they already know.
Will soon update you on the next book, Do comment how you liked the book and do you think it worth reading?


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