I just finished reading “The Secrets of the Millionaire Mind” by T. Harv Eker. This blog article is a book review of this book. It will be in two parts since every principle I learned in this book is so important not to share.
The book became a #1 New York Times, Wall Street Journal and USA Today Bestseller. There are 12 principles; the first part of this blog will tell you the first 6 principles. Part 2 will tell you the rest of the 6 principles.
12 Principles of “The Secrets of the Millionaire Mind”
1. Specific thought patterns pre-program our wealth
Many people think that once they’ve acquired the right knowledge about business strategies and financial management systems, they will automatically be financially successful.
But the author says that everybody has specific thought structures saved “permanently on their internal “hard drives.” Millionaires are programmed for wealth, while others are programmed for a medium or low-income level.
The book says that “whether we’re talking thousands, millions or even billions, people’s income hardly deviate from the levels that was set and pre-programmed for them during childhood. Why? Because the subconscious regulates them like a thermostat.
For anyone who wants to be millionaires, even billionaires, they should learn to disregard old thought patterns and overwrite them with millionaire thinking.
2. Our thought patterns are shaped by what our parents taught us about money.
This is related with the first principle. Our minds are like computers, where the most important programs are installed during childhood.
Either we think about money and wealth on the same scale as our parents or we want to do things radically differently. The book says that, resistance alone is not enough to break the pattern of your financial blueprint.
What are the things have you heard in your childhood that today you catch yourself thinking and even for some passing the same things to your kids?
Are these phrases sounds familiar?
We don’t have money.
We are poor.
Money is the root of all evil.
Money doesn’t grow on trees.
Money is difficult to earn.
These become ingrain in our minds as our money blueprint and influence our opinion on money.
3. We unconsciously reproduce the income strategies of our parents.
Man is a creature of habit, and when we’ve learned something, it’s not easy to unlearn it. We can only break away from our parental thought structures later, by making ourselves aware of them and consciously flipping the switch.
4. Before changing your way of thinking, perform a thorough inventory.
The first step in becoming more financially successful is recognizing that you’ve fallen into such a thought pattern and that’s why you’re not getting rich. Once you have broken the pattern, the next thing you need to do is recognize where it comes from.
Once you find out how you’ve been conditioned during your self-assessment, all you have to do is to realize that you have the option to adopt another way of thinking and change yourself – by flipping the switch in your “inner self.”
5. Breaking the pattern with new guiding principles and new behaviour.
As great as it is, reading books and knowing the theory behind wealth creation or studying about making millions – is unfortunately not enough. We have to overwrite the old information about money in our system and not just save new information in addition to it.
The attitudes we’ve adopted towards money when we were young, if we want to change them, we have to find new and better principles about money and fortune, and make it a habit of spelling them out to ourselves like a mantra.
Examples for these daily declarations are “I have a millionaire mind” or “My money works hard for me and earns more and more.”
We also have to train ourselves to behave in the right way. Say for example, you’re at a mall and you see a bag on sale. Usually, you’d be programmed to think: “Get it, it’s a bargain!” but this is the precise moment in which you have to use your new programs: “If you’re in debt, you shouldn’t buy anything else.
You need to constantly affirm your thoughts verbally and take concrete measures. You can unlearn the wrong thinking patterns bit by bit and learn how to act like a millionaire.
6. If you want to be rich, you have to learn to take fate into your own hands.
If you want to be financially successful, you have to internalize the idea that you are the one in control of your own financial life. Rich people know they’re at the wheel, while financially weaker people are always in the back seat, yielding control over their income to others.
That’s the reason why people who are already poor will often spend half their salary on lottery tickets, hoping to get lucky and hit the big time. Rich people, by contrast, don’t gamble to get rich or wait for wealth to fall in their laps.
Poor people frequently put themselves in the role of victim and blame anyone it can – can be the government, their employer or their parents or even the economic situation.
If you catch yourself putting the blame for your financial distress on others or complaining about it, remember that you yourself are responsible for your success and failure. Break the pattern of thinking like a victim.
Please wait for the Part 2 of this blog. You can also buy the book in your favourite book stores.
Sharing to you the Secrets,
Read More:
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This summary is more of a book “The ONE Thing”.. anyways.. Great effort. Keep that up (y)