Tuesday, May 19, 2020

Secrets of the Millionaire Mind by T. Harv Eker

 The Secrets of the Millionaire Mind by T. Harv Eker is a book which helps you in your personal finance, setting your mind and tells the secrets of millionaire mind.

The lesson I learned from the secrets of the millionaire mind is nothing has meaning, you give the meaning.

The author tells about the money blueprint.

Your money blueprint is a reflection of your family background or past circumstances and your early life so, if you want to change it then change your mindset and study the rich people money blueprint. 

Your thoughts lead to feeling, feeling lead to action and action lead to the result. 

T->F->A->R 

So, work on your thoughts. Think about what you want to do. Think positive and avoid negative vibes.

There is a universal power which attracts the think you agree with.

There is a law of attraction which attract the positive thing or negative thing according to which you like or think.

There is physical, emotional, spiritual and mental power. All effects your result. Your physical action depends on emotional, mental and spiritual power. Chose your thoughts wisely.

For financial success, you need to manage your money because money management is the most important thing.

Focus on all four net worth factor: Increasing your income, increasing your saving, increasing your investment or return and decreasing your cost of living by simplifying your lifestyle.

Poor people spend more and rich people spend less, invest more and save more.

Poor people work for short term goal but rich people work for long term goal.

Rich people manage their money well but poor people mismanage their money or avoiding money management.

Rich people think about the net worth. Checking there net worth time to time and imagine its increasing and work on increasing it and eventually their net worth increase.

But the poor people focus on income and there are not focus on net worth.

Rich people put 10% of their income in investment or passive income and it will make more money in future and spend after retirement.

Rich people donate 10% of their income and use 10% of their income for education.

On one side, you want to save as much money as possible so you can invest it and make more money and on the other side, you need to put 10% of income into play account.

Rich people put their 50% of their income in necessary account.

So, this is how they manage their money and you can also use this model of money management.

In short -

  1. Put 10% into your play account.
  2. Put 10% into your long term saving or spending a/c.
  3. Put 50% into your necessary a/c. 
  4. Put 10% into your education a/c.
  5. Put 10% into your give a/c.

Secrets of the Millionaire Mind

"Secrets of the Millionaire Mind"

When you see the people get good, what you want or like then instead of jealous, you say, bless you to that person.

Successful people compliment each other on their success and bless others.

When you bless others then God will bless you, this is a universal law.

When you do good then good will happen to you. When you give more than you will receive more. 

When you manage the money you have, then you will get more.

If you want to be richer so come out from your comfort zone and do whatever it takes you to be a millionaire.

Living in your comfort zone will not make you a richer person.

Next lesson, You can be right or you can be rich. But you cannot be right and rich both at the same time.

Doing right does not mean you will be a rich and richer person not always be right both are the different things.

Rich are expert in their field, middle people are average in their field and poor are poor in their field.

Built asset, not a liability. Rich people built asset and work for financial freedom. Money works for them, they did not work for money.

If you want money work for you, so either build a business or do investment. 

Both are different field so chose one field business or investment.

Don't let doubt, fear control your action, you control your mind and take appropriate action.

Attract money, love money.

Hire a personal financer for yourself. 

You can make $0 to $1000, you need to set your mind like a millionaire or successful people, read their autobiography, listen to successful people and follow the principles in your life for success, connect to successful people, do networking and manage your money and read this book once a month for a year at least and follow all the principle in your life which tells in this book.

Say to yourself, I have a millionaire mind. I have a millionaire mind. I have a millionaire mind.

Are you interested in listen audio?

Here is the link of audio book summary Secrets of the Millionaire Mind .

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