Secrets of the Millionaire Mind

By Harv Eker

Short summary

“The Secrets of the Millionaire Mind” by Harvy Eker is another great book on mindset. Eker brings together achieving financial success and expanding your mindset. The way we see money, our beliefs and habits are key factors un our path to success. Eker also presents two ideas that are helpful in seeing our mindset from a different perspective: wealth awareness and money scripts.  

Wealth consciousness refers to positive beliefs about money, abundance, and success. People with a wealth consciousness believe that they deserve to be rich. They view money as a positive force in their lives. They are confident in their ability to create and manage wealth. 

Money scripts. These are our unconscious beliefs around money. These beliefs can have a positive or negative impact on our financial success. Also, they tend to be passed down from from generation to generation. Awareness is key to identify our limiting beliefs and change our money scripts 

“Secrets of the Millionaire Mind” Takeaways

• “Successful people know the price of everything and the value of nothing”. For example, a wealthy person may choose to invest in a high-quality education, even if it’s more expensive than a cheaper alternative, because they understand the long-term value that it will bring to their life. Don’t just focus on the cost of things, but instead consider the true value that something brings to your life (both financially and personally).
• Rich people believe “I create my life”. Poor people believe “life happens to me”
• Rich people are excellent receivers. When someone gives you praise – say Thanks! Take it.
• Rich people chose to get paid on results. Poor people chose to get paid based on time. 
• Rich people believe in themselves and their ability to deliver
• Rich people are willing to promote themselves and their value, while poor people think negatively about self promotion

Quotes that resonated with me:

• “Your mind is like a garden, and you are the gardener. You get to choose what you plant and what you cultivate.”
• “It’s not the events of our lives that shape us, but our beliefs as to what those events mean.”
• “Your level of wealth will rarely exceed your level of personal development.”
• “To achieve financial freedom, you must first learn to think like a millionaire.”
• “The rich think big. The poor think small.”
• Rich people believe “I create my life”. Poor people believe “Life happens to me”
• “Money is a by-product of doing what you love.”
• “Money is just a symbol of exchange, not a measure of worth.”
• “Successful people know the price of everything and the value of nothing”
• “The rich and successful understand that money is a tool, not an end goal.”

“Secrets of the Millionaire Mind” Practical Advice

• Invest in your personal development. Continuously learn and grow and prioritize experiences that bring value to your life
• Focus on value, not just price. Consider the long-term value that things bring to your life, rather than just their immediate cost
• Identify and change limiting beliefs. Recognize the beliefs that hold you back and work to replace them with more empowering beliefs
• Take responsibility for your life. You have the power to create your own reality, and take control of your future
• Embrace failure as a learning opportunity, and use it as a stepping stone to success.
• Surround yourself with successful people.  Seek out the company of people who have achieved what you want to achieve, and learn from them