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Secrets of the Millionaire Mind by T. Harv Eker

Secrets of the millionaire mind

Harv Eker runs a 3 day course titled “Millionaire Mind Intensive“, and the book is actually a condensed version of the course. You can find out more about the course from his website and I will go straight to the book.

The book has two parts – Part 1 is where he talked about money blueprint and how everyone’s money success is dependent on it. In part 2, he introduced 17 wealth files to be installed in your brain so as to change your money blueprint to one that is of a millionaire. I like the many analogies he used in the book which clearly explain his points.

The concept of “Think Rich to Get Rich” is very similar to the earlier book, “Think and Grow Rich” by Napoleon Hill. Although the underlying main point is similar, the way each of them present the idea across, and their perspectives are different.

Book summary:

Part 1 – Your money blueprint

There are “inner” laws and “outer” laws of money. Many people are results oriented and they try to change the results without changing the cause of the results. This means they focus on the fruits and not the roots. How can one change the fruits without changing the roots? Money and wealth are results, not causes! Your “outer” world is a reflection of your “inner” world. Hence, you have to change your “inner” world (cause) first, and your “outer” world (effect) will follow. Your “inner” world of money is known as your money blueprint.

To explain how one person’s money blueprint is affecting his/her amount of wealth, he used the analogy of the workings of a thermostat. There can be temperature fluctuations in a room but the thermostat will always maintain the preset temperature. Likewise, if your money blueprint can only allow you to handle $1,000, even if you have more money, you will eventually spend the excess and return to your $1,000 threshold. That is what happened to most lottery winners, who always return to their original financial state. As for Donald Trump who has a billionaire money blueprint, even when he lost billions, he was able to get his fortune back and fairly quickly.

So how is your money blueprint formed?

It is basically through the Process of Manifestation – “Your programming leads to your thoughts; your thoughts lead to your feelings; your feelings lead to your actions; your actions lead to your results.”

The three programming that was automatically processed when you were young:
1) Verbal programming – What did you hear about money?
2) Modelling – What did you see or observe in your parents’ money management?
3) Specific incidents – What did you experience around money, wealth and rich people?

For example in (1), you might have heard phrases like “we can’t afford it”, “rich people are greedy” etc. If one is conditioned to think “rich people are greedy”, his subconscious mind will tell him it is bad to be rich and he naturally cannot be rich! For (2), you will subconsciously follow your parents’ way of managing money as the way you observed, even if they mismange it. For (3), there maybe incidents about money that were usually associated with strong emotional feelings like pain, dejection, etc and form a part of your money blueprint.

How do you change your money blueprint?

There are 4 steps to change it:
Step 1: Awareness – You need to identify the problem.
Step 2: Understanding - You need to know how it affects you.
Step 3: Disassociation - You need to seperate yourself from this thinking and see it is not part of you.
Step 4: Reconditioning or Declaration – Install new wealth files into your money blueprint by declaration.

What and why declaration?

Declaration means saying a positive statement out loud. The rationale is on the basis of “What you hear, you forget; what you see, you remember; what you do, you understand.” By declaring, it sends the message to your subconscious mind.

Part 2 – The Wealth Files

There are 17 wealth files in the book and you are supposed to install these wealth files into your mind through declarations so as to enable you to think like the rich. Each wealth file has its own declaration and follow-up actions but I will not put them here. I will only show what the 17 wealth files are. You can read the book for more details and further elaborations. However, please do not think that Part 2 is of less importance or details, it actually takes up 2/3 of the book.

#1 – Rich: I create my life.
Poor: Life happens to me.

#2 – Rich: Play the money game to win.
Poor: Play the money game to not lose.

#3 – Rich: Committed to being rich.
Poor: Want to be rich.

#4 – Rich: Think big.
Poor: Think small.

#5 – Rich: Focus on oppotunities.
Poor: Focus on obstacles.

#6 – Rich: Admire other rich and successful people.
Poor: Resent rich and successful people.

#7 – Rich: Associate with positive, successful people.
Poor: Associate with negative or unsuccessful people.

#8 – Rich: Willing to promote themselves and their value.
Poor: Think negatively about selling and promotion.

#9 – Rich: Bigger than their problems.
Poor: Smaller than their problems.

#10 – Rich: Excellent receivers.
Poor: Poor receivers.

#11 – Rich: Choose to get paid on results.
Poor: Choose to get paid on time.

#12 – Rich: Think “both”.
Poor: Think “either/or”.

#13 – Rich: Focus on their net worth.
Poor: Focus on their working income.

#14 – Rich: Manage their money well.
Poor: Mismanage their money well.

#15 – Rich: Have their money work hard for them.
Poor: Work hard for money.

#16 – Rich: Act in spite of fear.
Poor: Let fear stop them.

#17 – Rich: Constantly learn and grow.
Poor: Think they already know.

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Founder of BigFatPurse.com and author of Secrets of Singapore Trading Gurus. Loves the financial market. Curious to find out what work and what doesn't work in investing.

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