This is the continuation of the earlier post, “The Secrets of the Millionaire Mind Part 1,” a book review by T. Harv Eker.
12 Principles of “The Secrets of the Millionaire Mind”
See Principles 1 -6 here, “The Secrets of the Millionaire Mind Part 1”
7. A future millionaire should have a positive attitude towards money.
In order to get rich, you have to like money. Poor people often harbor too many negative thoughts about wealth. They’re afraid that somebody would only like them because of their money, or even worse, could turn them into bad people. In addition, they’re afraid of the work and responsibility associated with wealth, which is a hindrance in many areas.
It is also important that you like rich people if you want to get rich. The negative feelings, such as envy and mistrust, that poor people harbor against millionaire deprive them of achieving success. If you despise rich people, you will instinctively never become one of them. And you’ll never want to associate with rich people who could actually give you valuable advice about being financially successful.
And so, adopting a millionaire’s way of thinking means thinking more positively about money. If you learn to admire rich people and don’t begrudge them their money, you can become one of them.
8. You can only get rich if you give it your all.
Rich people know from the beginning that their goal is affluence and thus develop an unconditional commitment to their prosperity. People who just want to get rich but put limits on how much they’re willing to do or sacrifice to get rich will stay poor.
Challenging yourself and continuing to working on yourself are also important components. Wealth will only grow if you yourself will grow. Continuing your studies, attending seminars and reading books about capital investments and investing is certainly necessary if you want to familiarize yourself with wealth strategies. The better you know the work of money, the more money you will be able to earn.
The best strategy is to begin working in the industry you want to be in with enthusiasm and curiosity.
9. Reach for the stars if you want to become a millionaire.
The equation is simple: big thinking leads to big actions, which opens up the door to making big money. Small thinking in small dimensions equals a small income.
But what if you haven’t learned to think on a big scale? In this case, it would make sense to surround yourself with people who are also in the process of reaching for the stars. In other words: “If you want to fly with the eagles, don’t swim with the ducks!” Successful people don’t only infect others with ambitious thinking, but show them how to take the steps necessary to be successful.
10. You can only make money grow when you handle it properly.
Earning a massive amount of money is one thing – not letting it slip through your fingers and making it grow is another. Dealing with money in a disciplined way and managing money cleverly are very important factors for achieving wealth and prosperity.
Many people erroneously think that a high income is all that makes you rich.
If you want to get rich, you should start managing your money rather than hiding it under your mattress. It doesn’t matter if its real estate, land or a promising business concept, there are lots of ways to invest your money that can grow it quickly.
11. Manage your income by splitting it up into mini goals.
Split up your income into different bank accounts! Set aside 50% for overhead costs and put 10% of every peso you earn into an account strictly reserved for capital investments or other investments with passive income flows. In addition, 10% should be deposited into a pleasure account so you can do something nice for yourself and feel like a millionaire – like going to an exclusive restaurant and ordering the most expensive thing on the menu.
Saving is also part of amassing money. It’s also very important to keep your cost of living down to a minimum.
12. You have to think highly of yourself if you want to be successful and rich.
One trait that separates wealthy people from less well-to-do people is that they know their value and are convinced that they deserved to be rich. Less well-to-do people often deem themselves unworthy and don’t believe in themselves. They remain financially unsuccessful because they think that they aren’t worth it and often unconsciously back away when it comes to distributing funds.
Since rich people are convinced of their value, they also understand how to promote themselves, their business ideas or their company.
Most people who aren’t successful are brought up being told that it is rude to “toot your own horn.” However, in the world of money and business, the attitude is: “If I don’t toot my own horn, who will?” Refusing to self-promote is the main reason why people who consider themselves worthless can never get rich.
So what can you do to feel like a millionaire and think more highly of yourself? Breathe in the air of the rich and treat yourself to something you’ve earned – a membership at a high-end gym or tennis club or going for a coffee at the most expensive hotel in the city.
Our level of prosperity is preprogrammed by thought and behavioural patterns we learned as a child. We can only change it if we consciously recognize it; actively adopt a new attitude and implant “millionaire thinking” into our minds.
I hope you enjoyed the book as much as I did. Don’t forget to share this blog to your friends.
Sharing with you wealth of wisdom,
Want to have a millionaire mindset but don’t know how? Let me help you with that, contact me here.
• The Secrets of the Millionaire Mind Part 1
• 6 Habits that will Keep You Poor – Forever
• How to Know if you are Getting Richer each Year
• How to get more than 50% Discount for your child’s College Tuition Fee
• 5 Reasons Why a Single Person with no Dependents, Still Needs a Life insurance
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