The Secrets Of The Milionaire Mind Flashcards

1
Q

What is the money blueprint? The millionaire mindset

A

In “Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth”, T. Harv Eker outlines how to identify and revise your money blueprint, to significantly increase your income and accumulate wealth. Using these principles, Eker personally moved from nothing to millionaire in 2½ years. The idea is to combine your inner mind game (your tool box) with your outer game (the tools) to get rich. In this Secrets of the Millionaire Mind summary, we’ll give a synopsis of what’s your money blueprint, how to reset your internal thermostat/change your programming, and outline the 17 wealth files by Eker.

Your money blueprint is like yourinternal thermostat, or the default financial setting that you tend to fall back to. Your thermostat may be set such that you earn/possess only hundreds of dollars, or thousands, million and billions. That’s why poor people who win a lottery often don’t keep the money for long, and millionaires who go broke tend to build up their empire again quickly. The only way to permanently change your level of financial success is to reset your financial thermostat, i.e. change your money blueprint.

We are born with no preconceptions about money. Everything we think, feel and do about money were taught to us and conditioned since young. This “programming” affects how we think, feel, act and eventually what results we get.

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2
Q

What are the 3 main sources of programming? The millionaire mindset

A

3 main sources of programming

Eker explains the 3 key sources of programming –verbal(what we were told since young),modelling(the people we model or rebel against), andspecific incidents(experiences that shape our beliefs). He also explains in detail how this program can be changed via 4 elements: Awareness, Understanding, Disassociation and Reconditioning.

Reconditioning can be done by using declarations. One of the key elements of Eker’s technique involvesdeclarations. A declaration is a positive statement of intention that something will happen. It is different from an affirmation which is stated as if the goal is already happening.Declarations are powerful because they carry their own vibrational frequencies. Stating them aloud creates energy vibrations throughout the cells in your body, sending powerful messages to the universe and your subconscious mind.

The Wealth files: 17 Ways rich people think and act differently

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3
Q

Rich people believe “I create my life.” Poor people believe “Life happens to me.” (7 Habits of highly effective people)

A

Victims
-Blame: point the finger to your environment and circumstances rather than yourself
-Justify: justifying the situation by saying “Money is not even that important.”
-Complain: What you focus on expands, so if you focus on complaining its a negative cycle.

Stop complaining, justifying blaming take control of the situations, you are in control

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4
Q
  1. Rich people play the money game to win, Poor people play the money game to NOT lose.
A

If your goal is to be comfortable, chances are you’ll never get rich. But if your goal is to be rich chances are you’ll end up might comfortable.

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5
Q

Rich people play the money game to win, Poor people play the money game to NOT lose.

A

If your goal is to be comfortable, chances are you’ll never get rich. But if your goal is to be rich chances are you’ll end up might comfortable.

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6
Q
  1. Rich people are committed to being rich. Poor people want to be rich
A

The number one reason most people don’t get what they want is that they don’t know what they want.

“I want to be rich” > “I choose to be rich” > “I commit to being rich”

If you are not fully, totally and truly committed to creating wealth, chances are you won’t.

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7
Q
  1. Rich people think big, Poor people think small
A

The law of income: You will be paid in direct proportion to the value you deliver according to the market place.

Your value is determined by the Supply, demand, quality and quantity

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8
Q
  1. Rich people focus on opportunities, Poor people focus on obstacles (The obstacle is the way)
A

The point is that no luck or anything related will come your way if you don’t take action. To succeed financially you have to do something.

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9
Q
  1. Rich people admire other rich and successful people. Poor people resent rich and sucesful people
A

“Bless that which you want” - Huna philosophy

The point is if you resent what people have, in any way, shape or form, you can never have it

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10
Q
  1. Rich people associate with positive and successful people. Poor people associate with negative or unsuccessful people
A

Rich people see other rich people as example: “If they can do it, I can do it.”
As mentioned earlier modeling is one of the primary ways that people learn

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11
Q
  1. Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion
A

Leaders earn a heck of a lot more money than followers! The critiacal point here is not whether you like promoting, or not. It is about why you are promoting > Do you believe in yourself?

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12
Q
  1. Rich people are bigger than their problems. Poor people are smaller than their problems.
A

The secret to succes is not to try to avoid or get rid from your problems, the secret is to grow yourself so that you are bigger than any problems.

If you have a big problem in your life, all that means is that you are being a small person!

The bottom line is that if you become a master at handling problems and overcoming any obstacle, what can stop you from succes? The answer is nothing! If you are unstoppable, anything and everything is available to you.

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13
Q

1 0. Rich people are excellent receivers. Poor people are poor receivers.

A

-People feel unworthy of receiving, if you say you are worthy, you are. If you say you are not worthy, you are not. Either way you will live into your story. You are worthy to receive!

-The other problem is that people think that giving is better than receiving. However, for every giver there must be a receiver. And for every receiver there must be a giver. If you only give you deny other people the possibility to give!

If you are a poor receiver, you will receive poor in all areas. The good side is that when you become an excellent receiver, you will receive good in all areas of life

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14
Q
  1. Rich people choose to get paid on results, poor people choose to get paid based on time.
A

There is nothing wrong with getting a steady paycheck, unless it interferes with your ability to earn what you are worth. There is the rub. It usually does.

Never create a ceiling on your income!

In the end, the only way you are really worth is to get paid based on your results. You will never get rich working on a straight salary for someone else. If you are on a job make sure you get paid on percentage, or go work for yourself!

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15
Q
  1. Rich people think “Both.” Poor people think “Either/or.”
A

Rich people: “You can have your cake and eat it too”
Middle class: “Cake is too rich, so’ll only have a piece”
Poor people: “I am not worthy of the cake, I’ll pass”

Poor people live in a world of limitations, there is only so much to go around. Rich people understand that with a little creativity you can almost always figure out a way of have both

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16
Q

13 Rich people focus on their net worth, Poor people focus on their working income.

A

True measure of wealth is net worth, not working income. Working income is important but only 1/4 factors that determine net worth.

Income (Active and passive)
Savings
Investments
Simplification

Poor people only focus on the active income rather than all the other (passive) options.

Focus on your net worth, because where attention goes, energy flow and results will show

17
Q

14 Rich people manage their money well, poor people mismanage their money well

A

Until you show you can handle what you’ve got, you won’t get anymore. You must acquire the habits and skills of managing a small amount of money before you can have a large amount. Remember we are creatures of habits and therefore the habit of managing your money is more important than the amount.

Either you control the money, or it will control you

18
Q

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

A

Rich people see every dollar as a “Seed” that can be planted to earn hundred more dollars, which then can be replanted to earn a thousand more dollars. The trick here is to get educated.

It comes down to this; poor people work hard and spend all their money. Rich people work hard save and then invest their money so they never have to work hard again.

19
Q

16 Rich people act in spite of fear. Poor people let fear stop them. (The call for courage)

A

Action is the bridge between the inner and outer world. If action is so important, why don’t we take action ? > FEAR

A true warrior can tame the cobra of fear. In this way it is not necessary to try to get rid of fear in order to succeed. We need to practice in spite of fear.

If you are willing to do only what is easy, life will be hard. But if you are willing to do whats hard, life will be easy.

The only time you are actually growing is when you are uncomfortable.

Training managing you own mind is the most important skill you can ever own, in terms of both happiness and succes

20
Q
  1. Rich people constantly learn and grow. Poor people think they already know.
A

You can be right or you can be rich, but you can’t be both.

“Every master was once a disaster”

To get paid the best, you must be the best