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Book Summary by marcwernli.com > Secrets of the Millionaire Mind by T. Harv Eker_in process > Flashcards

Secrets of the Millionaire Mind by T. Harv Eker_in process Flashcards

1
Q

What are the two types of mindsets that Eker identifies

A

a “wealthy mindset” and
a “poverty mindset.”

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2
Q

The wealthy mindset is characterized by

A
  • positive attitudes towards money
  • a willingness to take risks
  • a focus on opportunities for growth and learning
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3
Q

The poverty mindset is characterized by

A
  • negative attitudes towards money,
  • a fear of risk-taking,
  • and a focus on limitations and obstacles
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4
Q

What kind of exercises and strategies focus on changing my thoughts and beliefs about money, so I develop a wealthy mindset?

A
  • setting financial goals,
  • creating positive affirmations,
  • visualizing success, and
  • adopting a “rich habit” of continuous learning and improvement
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5
Q

1) What does the Law of Attraction state?

A

This principle states that I attract what I focus on.

As long as I focus on abundance and success, than I will attract more of it into your life.

On the other hand, if I focus on scarcity and lack, I will attract more of that.

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6
Q

Explain 2) The Law of Intention and Desire:

A

My intention determines my desired outcome.

As long as I set clear and specific goals and take action towards achieving them, than I am more likely to achieve them.

However, if I lack clear goals or motivation, I may struggle to achieve my desired outcome.

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7
Q

3) What do your thoughts and beliefs about money determine?

A

My thoughts and beliefs about money determine my financial success.

As long, as I believe that money is the root of all evil or that rich people are greedy, than I may sabotage my own financial success.

Changing my beliefs about money can help me achieve greater abundance.

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8
Q

The Law of Expectation:

A

What I expect, I create.

As long, as I expect abundance and success, than I am more likely to achieve it.

However, if I expect failure or lack, I am more likely to experience that.

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9
Q

Explain 5) The Law of Manifestation:

A

I create my own reality.

As long, as I take action towards my goals and focus on positive outcomes, than I can manifest my desired reality.

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10
Q

The Law of Money Management:
How do you manage your money wisely?

A

Manage your money wisely.

This includes
- creating a budget,
- tracking your expenses,
- investing wisely.

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11
Q

The Law of Association:

A

The people I associate with can have a significant impact on my success.

When I surround myself with successful and positive people that can help me achieve my goals.

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12
Q

The Law of Time Management:

A

Effective time management is essential for achieving my goals.

As long as I prioritise my tasks, eliminate distractions, and focus on my most important tasks than I can make the most of my time.

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13
Q

The Law of Positive Thinking
What can focusing on the positive help with?

A

Focusing on the positive can help me achieve greater abundance and success.

As long, as I cultivate a positive attitude towards money and life I can overcome limiting beliefs and achieve my goals.

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14
Q

The Law of Passion & Enthusiasm

A

Passion and enthusiasm are essential for achieving success.

If I am passionate about my goals and enthusiastic about pursuing them, I am more likely to achieve them.

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15
Q

Explain 11) The Law of Self-Worth:
Believing in yourself and your abilities is essential for what?

A

Believing in myself and my abilities is essential for achieving success.

As long as I value myself and my time I achieve greater abundance and success.

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16
Q

Explain 12) The Law of Persistence:
Persistence is essential for what?

A

Persistence is essential for achieving success.

as long as I am willing to persist and overcome obstacles, than I am more likely to achieve my goals.

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17
Q

The Law of Responsibility:

A

Taking responsibility for my financial success is essential.

I am in control of my life and my financial outcomes.

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18
Q

Explain 14) The Law of Action:

A

Taking action towards my goals is essential for achieving success.

Nothing happens without action.

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19
Q

The Law of Learning:

A

Continuously learning and growing is essential for achieving success.

Investing in myself and my education can help me achieve greater abundance and success.

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20
Q

The Law of Rich Habits:

A

Developing habits that lead to success is essential.

Cultivating a mindset of abundance and positivity can help me achieve greater success in all areas of my life.

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21
Q

The Law of Giving:

A

Giving to others and making a positive impact on the world can help me achieve greater abundance and success.

The more I give, the more I receive.

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22
Q

What is a personal money blueprint?

A

A personal money blueprint is the way I was programmed to think about money based on my upbringing and experiences.

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23
Q

How do you work through your personal money blueprint?

A
  • Identify My Money Story
  • Challenge My Limiting Beliefs
  • Create New Money Mantras
  • Visualize My Ideal Financial Future
  • Take Action
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24
Q

What determines the level of your success?

A
  • My character
  • My thinking
  • My beliefs
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25
Q

What does ‘the Roots create the Fruits’ mean?

A

It’s what’s invisible (the roots) that creates what’s visible (the fruit)

If you want to change the visible, you must first change the invisible.

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26
Q

Stuart Wilde:
“The key to success is to…

A

…raise your own energy;
when you do, people will naturally be attracted to you.
And when they show up, bill ’em!”

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27
Q

What is your outer world?

A

My outer world is simply a reflection of my inner world.

If things aren’t going well in my outer life, it’s because things aren’t going well in my inner life.

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28
Q

What are at least four different realms we life in at once.

A

These four quadrants are
* the physical world,
* the mental world,
* the emotional world, and
* the spiritual world.

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29
Q

How do Declarations, the Powerful Secret for Change work?

A

Every time I reach the end of a major principle in this book:

1) I put my hand on my heart and make a verbal “declaration”.
2) I touch my head with my index finger and make another verbal “declaration.”

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30
Q

What is the definition of an affirmation?

A

The definition of an affirmation is
“a positive statement asserting that a goal I wish to achieve is already happening.”

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31
Q

What is the definition of a declaration?

A

The definition of a declaration is
“to state an official intention to undertake a particular course of action or adopt a particular status.”

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32
Q

How and when do you state your declarations?

A

I state my declarations:
- while looking into a mirror
- aloud
- each morning and
- each evening.

1) I place my hand on myheart and I say: “I…!”
2) I touch my head and say: “I have a millionaire mind!”

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33
Q

What is a money blueprint?

A

A money blueprint is my preset program or way of being in relation to money.

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34
Q

How does Harv Eker’s Process of Manifestation go?

A

P–>T–>F–>A = R
* Your programming leads to your thoughts.
* Your thoughts lead to your feelings.
* Your feelings lead to your actions.
* Your actions lead to your results.

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35
Q

What are the three primary ways we are conditioned?

A

1) Verbal programming: What did you hear when you were young?

2) Modeling: What did you see when you were young?

3) Specific incidents: What did you experience when you were young?

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36
Q

What are four key elements for changing your verbal programming?

A

1) Awareness.
(can’t change something unless you know it exists.)

2) Understanding.
(By understanding where your “way of thinking” originates, you can recognize that it has to come from outside you.)

3) Disassociation.
(Once you realize this way of thinking isn’t you, you can separate yourself from it and choose in the present whether to keep it or let it go—based on who you are today, and where you want to be tomorrow.)

4) Reconditioning.

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37
Q

What are the 4 steps to change verbal programming?

A

1) AWARENESS:
Write down all the statements you heard about money, wealth, and
rich people when you were young.

2) UNDERSTANDING:
Write down how you believe these statements have affected your financial life so far.

3) DISASSOCIATION:
Can you see that these thoughts represent only what you learned and are not part of your anatomy and not who you are?
Can you see that you have a choice in the present moment to be different?

4) DECLARATION:
a) Place your hand over your heart and say…
What I heard about money isn’t necessarily true. I choose to adopt new ways of thinking that support my happiness and success.”
b) Touch your head and say…
“I have a millionaire mind.”

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38
Q

What are the 4 steps to change modeling around money.

A

1) AWARENESS:
- Consider the ways of being and habits each of your parents had around money and wealth. Write down how you may be identical or opposite to either of them.

2) UNDERSTANDING:
- Write down the effect this modeling has had on your financial life.

3) DISASSOCIATION:
- Can you see this way of being is only what you learned and isn’t you?
- Can you see you have a choice in the present moment to be different?

4) DECLARATION:
a) Place your hand over your heart and say…
“What I modeled around money was their way. I choose my way.”
b) Touch your head and say…
“I have a millionaire mind!”

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39
Q

What are the 4 steps to change a specific incident, for example around money?

A

1) AWARENESS:
- Consider a specific emotional incident you experienced around money when you were young.

2 ) UNDERSTANDING:
- Write down how this incident may have affected your current financial life.

3) DISASSOCIATION:
- Can you see this way of being is only what you learned and isn’t you?
- Can you see you have a choice in the present moment to be different?

4) DECLARATION:
a) Place your hand on your heart and say
“I release my non-supportive money experiences from the past and create a new and rich future.”
b) Touch your head and say…
“I have a millionaire mind!”

40
Q

What is the first element of change?
How do you work with it?

A

AWARENESS

  • Watch yourself,
  • become conscious,
  • observe your thoughts, your fears, your beliefs, your habits, your actions, and even your inactions.

Put yourself under a microscope.
Study yourself.

41
Q

What does the saying: “No thought lives in your head rent-free” mean?

A

Each thought you have will either be an investment or a cost.

It will either move you toward happiness and success or away from it.
It will either empower you or disempower you.

Choose your thoughts and beliefs wisely.

42
Q

Wealth File #1

Rich people believe “I create my life.”
Poor people believe “Life…”

A

Rich people believe “I create my life.”
Poor people believe “Life happens to me.”

43
Q

When people are playing the victim, they leave three obvious clues:

A

Victim Clue #1: Blame
The object of this game is to always blame someone else or something else .

Victim Clue #2: Justifying
If victims aren’t blaming, you’ll often find them justifying or rationalizing their situation.

Victim Clue #3: Complaining
Complaining is the absolute worst possible thing you could do for your health or your wealth.

44
Q

WEALTH PRINCIPLE:
When you are complaining, you become…

A

…a living, breathing “crap magnet.”

45
Q

Homework
What do you do when you hear yourself disastrously blaming, justifying, or complaining?

A

Cease and desist immediately.

For the next seven days, do not complain at all.
Not just out loud, but in your head as well.

Remind yourself that you are creating your life and
that at every moment you will be attracting either success or crap into your life.

46
Q

Wealth File #2
Rich people play the money game to win.
Poor people play the money game …

A

Poor people play the money game to not to lose.

Poor people play the money game on defense rather than offense.

47
Q

Wealth File #3
Rich people are committed to being rich.
Poor people …

A

Poor people want to be rich

48
Q

What is the number one reason most people don’t get what they want?

A

Most people don’t know what they want.

49
Q

What are the three levels of so-called wanting?

A

1) “I WANT to be rich.”
2) “I CHOOSE to be rich.”
3) “I COMMIT to being rich.”

50
Q

The word decision comes from the Latin word …

A

decidere,
which means “to kill off any other alternatives.”

51
Q

The definition of the word commit is …

A

to devote oneself unreservedly.

This means holding absolutely nothing back; giving 100 percent of everything you’ve got to achieving wealth.

52
Q

What does it take to get rich?

A
  • focus,
  • courage,
  • knowledge,
  • expertise,
  • 100 percent of your effort,
  • a never-give-up attitude,
  • a rich mind-set.

You also have to believe in your heart of hearts
* that you can create wealth and
* that you absolutely deserve it.

53
Q

Wealth File #4
Rich people think big.
Poor people think …

A

Poor people think small

54
Q

The Law of Income:

A

You will be paid in direct proportion to the value you deliver according to the marketplace.

55
Q

What are the four factors that determine your value in the marketplace?

A

supply,
demand,
quality,
quantity.

56
Q

What is the definition of an entrepreneur?

A

An entrepreneur is “a person who solves problems for people at a profit.”

57
Q

Wealth File #5

Rich people focus on opportunities.
Poor people focus…

A

Poor people focus on obstacles.

58
Q

If the universal law states, “What you focus on expands” is true, what should you focus on?

A

Focus on what you want, don’t focus on what you don’t want.

If you want to get rich, focus on
making, keeping, and investing your money.

If you want to be poor, focus on
spending your money.

59
Q

What does the principle: “Ready, fire, aim!” mean?

A

Get ready for the best you can in as short time as possible; take action; then correct along the way.

60
Q

Life doesn’t travel in perfectly straight lines.
It moves more like…

A

It moves more like a winding river.

More often than not, you can only see to the next bend, and only when you reach that next turn can you see more.

61
Q

Wealth File # 6

Rich people admire other rich and successful people.
Poor people…

A

Poor people resent rich and successful people.

62
Q

What characteristics do you have to have to succeed at anything?

A

positive, reliable, focused, determined, persistent, hardworking, energetic, good with people, a competent communicator, semi-intelligent, and an expert in at least one area.

63
Q

How does the Huna wisdom, the original teachings of the Hawaiian elders, go?

A

It goes like this:
Bless that which you want.

If you see a person with a beautiful home, bless that person and bless that home.
If you see a person with a beautiful car, bless that person and bless that car.
If you see a person with a loving family, bless that person and bless that family.
If you see a person with a beautiful body, bless that person and bless their body.

64
Q

Wealth File #7
Rich people associate with positive, successful people.
Poor people associate with …

A

Poor people associate with negative or unsuccessful people.

65
Q

Either you affect people or you … people

A

Either you affect people or infect people

66
Q

Wealth File #8

Rich people are willing to promote themselves and their value.
Poor people think …

A

Poor people think negatively about selling and promotion

67
Q

What is the belief of people that have a problem with promotion?

A

They don’t fully believe in their product or they don’t fully believe in themselves.

Consequently, it’s difficult for them to imagine that other people believe so strongly in their value that they want to share it with everyone who comes their way and in any way they can.

68
Q

Wealth File #9
Rich people are bigger than their problems.
Poor people are …

A

… smaller than their problems.

69
Q

What is one of the reasons rich people are bigger than their problems?

A

Because they they focus on their goal;
not on their problem.

70
Q

If you become a master at handling problems and overcoming any obstacle, what can stop you from success?

A

The answer is nothing!

71
Q

And if you become unstoppable, what choices do you have in your life?

A

The answer is all choices.

If you are unstoppable, anything and everything is available to you.
You simply choose and it’s yours!

72
Q

Rich people are excellent receivers.
Poor people are …

A

… poor receivers.

73
Q

WEALTH PRINCIPLE:
How you do anything is how you do …

A

… everything

74
Q

Wealth File #11
Rich people choose to get paid based on results. Poor people choose to get paid …

A

… based on time

75
Q

How do you work “for yourself”?

A

I work for myself, when
I start my own business,
I work on commission,
I get a percentage of revenue or company profits,
I get stock options,
I get paid based on my results.

76
Q

Rich people think “both.” Poor people think …

A

… “either/or.”

77
Q

Rich people live in a world of abundance.
Poor people live in a world of …

A

… limitations.

78
Q

Rich people focus on their net worth.
Poor people focus on their …

A

… working income.

79
Q

What is the true measure of wealth?

A

The true measure of wealth is net worth, not working income

80
Q

How do you determine your net worth?

A

To determine your net worth:

add up the value of everything you own, including
your cash and investments such as stocks, bonds,
real estate,
the current value of your business if you own one,
the value of your residence if you own it,
and then subtract everything you owe.

Net worth is the ultimate measure of wealth because, if necessary, what you own can eventually be liquidated into cash.

81
Q

Rich people manage their money well.
Poor people …

A

… mismanage their money well.

82
Q

How do you start to manage your money?

A

1) 50 percent into your Necessities Account

2) 10 percent into a Financial Freedom bank account and invest it.

3) 10 percent into your play account.

4) 10 percent into your Long-Term Savings for Spending Account

5) 10 percent into your Education Account

6) 10 percent into your Give Account

7) Every day deposit money into a Financial Freedom jar.

83
Q

Rich people have their money work hard for them. Poor people …

A

… work hard for their money.

84
Q

There are two primary sources of passive income:

A

1) Money working for you.
2) Business working for you.

85
Q

Rich people think long-term.
They balance their spending on enjoyment today with investing for freedom tomorrow.

Poor people think…

A

Poor people think short-term.
They run their lives based on immediate gratification.

86
Q

“Spending” money you don’t have comes from…

A

…“expending” emotions you do have

87
Q

Rich people buy assets, things that will go up in value. Poor people buy…

A

…expenses, things that will definitely go down in value.

88
Q

Rich people act in spite of fear.
Poor people…

A

…let fear stop them.

89
Q

Action is the “bridge” between which two worlds?

A

Action is the “bridge” between the inner world and the outer world

90
Q

What prevents us from taking actions we know we need to take?

A

Fear!

91
Q

What are the are among the greatest obstacles, to success and happiness?

A

Fear, doubt, and worry are among the greatest obstacles!

92
Q

Explain the process Harv Eker calls power thinking.

A

To move quickly to a new level of life divide your thoughts into one of two categories:
empowering or disempowering.

  • Observe the thoughts you have, and determine if they are supportive to your happiness and success or not supportive.
  • Choose to entertain only empowering thoughts.
  • When a non- supportive thought bubbles up, say “Cancel” or “Thank you for sharing” and
    replace it with a more supportive way of thinking.
93
Q

What is the difference between “power thinking” and “positive” thinking?

A

People use positive thinking to pretend that everything is rosy, when they really believe that it’s not.
With power thinking, we understand that everything is neutral, that nothing has meaning except for the meaning we give it, and that we are going to make up a story and give something its meaning.

94
Q

What is the definition of insanity?

A

The definition of insanity is doing the same thing over and over and expecting different results.

95
Q

Rich people constantly learn and grow, while poor people…

A

Wealth File #17:
Rich people constantly learn and grow, while poor people think they already know

96
Q

The order to success is …

A

The order to success is BE, DO, HAVE.

Poor and middle-class people believe “If I have a lot of money, then I could do what I want and I’d be a success.”
Rich people understand, “If I become a successful person, I will be able to do what I need to do to have what I want, including a lot of money.”

97
Q
A

Book Summary by marcwernli.com (4 decks)

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