Secrets Of The Millionaire Mind – See the top tips

The book Secrets Of The Millionaire Mind shows us that we need to think differently about money.

T. Harv Eker, the book’s author, says that the difference between rich and poor people is not intelligence.

In fact, the difference lies in thought patterns and, consequently, behavior.

Before going on to the main teachings contained in the book, you should know that as well as being an author, Eker is an entrepreneur and motivational speaker known for his theories on wealth and motivation.

Secrets Of The Millionaire Mind is a #1 New York Times, Wall Street Journal and USA Today bestseller, so it’s worth checking out the book’s teachings.

The way you think about money was built in childhood

By stating that patterns are shaped during childhood, Eker shows us that everything you hear from your parents as a child influences your financial life today.

What’s more, the attitudes your parents had when you were younger have contributed to shaping the way you think and behave.

For example, in the book Rich Dad, Poor Dad, Robert Toru Kiyosaki points out that he had two fathers.

His poor father said: 

“Study hard to get into a good college and work for a good company”.

His rich father had this to say:

“Dedicate yourself to your studies so that you can buy and run your own companies”.

This second phrase and all the behaviors of Kiyosaki’s rich dad have made him a great investor and entrepreneur today.

Returning to the book Secrets Of The Millionaire Mind:

If we think of a person who has seen their childhood his parents handled money in the wrong way, and become indebted, it is common for that person to follow the same path.

So, the first big lesson of the book is that living with our family or with people close to us at school, for example, greatly influences the way we think about money.

As you read the book, you’ll notice that you observe examples and understand that you adopt certain attitudes just like your parents.

Living in a certain context, you naturally absorb certain bad traits.

But don’t worry!

It’s never too late to change, and the first step is to stop and realize these mistakes in order to seek change.

Secrets Of The Millionaire Mind – You create your own reality

Rich people believe that they create their own life.

At the same time, a person with a poor mentality understands that in life things just happen.

These people have a bad habit of handing their dreams over to chance.

Most of them spend money for nothing on the lottery.

They believe that luck will knock on their door and that they will win a fortune overnight.

Even though they have no money, these people spend money on something extremely unlikely.

However, in order for you to be successful with your finances, you must understand the following:

You are in control of your life.

Think big

Letting go of patterns obtained unconsciously in childhood and understanding that it is possible to create your own reality, according to the book Secrets Of The Millionaire Mind, rich people think big.

As a result, this type of person wants to get as much money as possible.

This money will be used to achieve big dreams such as buying a comfortable house, owning a luxury car, traveling the world and helping people.

On the other hand, a person with a poor mentality thinks small.

They are simply content with the fact that they will be able to pay all their bills in a given month.

To further differentiate between the two cases, let’s consider the following example:

Two people want to enter the gardening industry.

There are around 100 houses in the neighborhood in need of this type of service.

The person with a poor mentality thinks as follows: 

I can service 20 houses a month to pay my bills.

But the author of Secrets Of The Millionaire Mind points out that the rich person sees a business opportunity.

So he decides to set up a gardening company and hire employees to service all the houses in the neighborhood.

An interesting concept emerges here:

Opportunities vs. obstacles

Rich people focus on opportunities.

Poor-minded people, however, focus on obstacles.

It’s a question of perspective.

If the second person had a poor mentality, they would think:

There are too many gardening companies, the competition is too great, so it won’t work.

The book Secrets Of The Millionaire Mind teaches that:

No matter what kind of mindset you have, understand that you will eventually get what you wanted.

If you want to have a lot of money to enjoy life, you’ll work towards that goal.

But if you simply want to pay the bills, you’ll work as hard as you need to and nothing more.

You see, the person with a poor mentality won’t accept giving up their comfort.

And because they don’t accept this, they will never get out of this reality.

Of course, we’re not saying that you should make financial decisions on the spur of the moment.

Ideally, you should at least consider the option.

A poor person doesn’t even analyze the opportunity, they simply deny it and say it won’t work without even trying.

The rich person, on the other hand, is aware of the competition, but thinks about what unique benefit they can bring to stand out from the competition.

Secrets Of The Millionaire Mind – admiration vs resentment

Admiration is the emotional disposition that translates into respect, consideration and veneration.

However, resentment is a great deal of hurt that is held, as well as bitterness.

People with the mentality of millionaires understand that wealthy individuals should be admired.

They serve as an inspiration for achieving certain goals.

Despite this, a person with a poor mentality resents those who are rich and successful.

This kind of resentment is dangerous because it can lead to other evils such as envy and mistrust.

How can you be resentful and envious of something you want to become?

In Secrets Of The Millionaire Mind, Eker says that resentment, envy and mistrust generate blockages.

In other words, if you despise a rich person, you’re unlikely to become one.

A very simple example is to think of a luxury car that stops at a traffic light in your city.

In this case, you have two options:

If you have a poor mentality, you’ll be envious of the driver and wonder how he got that car through dishonest work or because he simply inherited it from his parents.

However, if you’re a millionaire, you’ll understand that:

What a beautiful car! That person must be very successful in their business, so I’m going to strive to achieve my dreams too.

Secrets Of The Millionaire Mind says that this happens in 4 stages:

• You think something;
• After thinking, you feel;
• After feeling it, you do something;
• When you do something, you get a result.

As a final tip on this topic, when you see a very wealthy person, admire, love and wish them well, because that’s what you’ll want others to wish for you when you’re in the same situation.

Remuneration for results vs. remuneration for time

People with a millionaire’s mentality work to be paid for results.

Poorer people, on the other hand, prefer to be paid for their time.

You’ve probably heard it from many people:

I worked a certain number of extra hours this week. I deserve a raise!

Others say: I want to earn $40 an hour.

But imagine that a person works creatively.

They can work 12 hours a day for a month, but if the end result isn’t good enough or isn’t creative enough, they don’t really deserve to earn more simply because they’ve worked hard.

Secrets Of The Millionaire Mind shows that things work completely differently than we think.

In a company, the amount of work doesn’t matter when compared to the results.

With that in mind, let’s think about the following:

For example, let’s assume that you work in a company and have a fixed salary of US$2,000.

Let’s continue to assume that in this company, you don’t work by results, but by hours.

So whether you work a little or a lot, you’ll still receive the same amount at the end of the month.

In Secrets Of The Millionaire Mind, Eker recommends that you avoid this type of work.

It’s important to work in a job that pays you for your performance or results, because it’s more exciting.

The harder you work, the more you’ll earn.

Money management

While rich people manage their money well, poor-minded people do not.

Poor-minded people can earn a lot of money, but it all slips through their fingers.

It’s the famous case of people who won the lottery but lost everything.

They didn’t know how to manage it and went back to the same life situation.

Again, it’s worth mentioning that rich people aren’t smarter, they simply have more positive habits when it comes to their finances.

To improve your relationship with money, it’s essential to set a monthly amount to invest.

If you don’t have enough money to invest every month, simplify your lifestyle to keep costs down.

Something interesting that the author points out in Secrets Of The Millionaire Mind is that:

Only people who look to the long term and are willing to ignore momentary desires will become millionaires.

Always remember that rich people use money to work for them and work hard only on a temporary basis.

The aim is to make their business successful so that it bears fruit, and they no longer have to work.

However, people with a poor mentality work hard for their money.

They spend their lives working and never achieve anything.

Secrets Of The Millionaire Mind – Knowledge

Rich people learn, while poor-minded people believe they already know everything.

The second group is always trying to prove that they are right and that when something goes wrong in their financial life, the failure is attributed to chance or luck.

Everything happens because of a lack of time or even a lack of money.

But every master was once a disciple.

If you want to be a painter, you have to learn to paint.

If you want to be an excellent cook, you must learn from the greatest cook how to become like him.

In Secrets Of The Millionaire Mind, the author says that it’s the same if you want to become a millionaire: you have to learn.

Work on your own development, study through books, seminars, videos, get close to the right people.

All this will give you the knowledge you need to become a millionaire.

Daniel 30 de September de 2024