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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
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Secrets of the Millionaire Mind summary
T. Harv Eker
Mastering the Inner Game of Wealth
22 mins
Brief summary
In 'Secrets of the Millionaire Mind', T. Harv Eker reveals how our beliefs about money can determine our financial success. He provides actionable steps to reprogram our mindset and create a wealthy life.
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Secrets of the Millionaire Mind
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Specific thought patterns preprogram our wealth.
Everybody has a different relationship to money and wealth. Some people have the Midas touch, transforming everything they touch into gold. Other people earn lots of money with a good business concept, but then get cocky and throw it all out the window or lose it in bad investments. Others don’t invest a dime and are broke all the time anyway.
Many people think that once they’ve acquired the right knowledge about business strategies and financial management they will automatically be financially successful. However, their income and monetary transactions don’t depend so much on skills or luck and fate as they do on unconscious thought patterns we all have ingrained in us.
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. Childhood experiences and role models shape these thought patterns and guide our behavior to such an extent that they directly influence our level of wealth later on.
Whether we’re talking thousands, millions or even billions, people’s incomes hardly end up deviating from the levels that were set for them in childhood. Why? Because their subconscious regulates them like a thermostat. If their thermostat is set too low, as soon as they get their hands on some extra cash, they throw their money around. But, if their thermostat is set on high, that is, on wealth, they immediately offset a money shortage by saving and usually make sure their wealth grows.
Most people are programmed to earn a low income, which means that many people have the potential to get rich – but very few people manage to stay rich and accumulate lasting wealth. In contrast, self-made billionaires like Donald Trump may lose unspeakable quantities of money at times, but they always regain their wealth because they think like billionaires. Anybody who wants to follow their example should learn to disregard their old thought patterns and overwrite them with millionaire thinking.
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What is Secrets of the Millionaire Mind about?
Secrets of the Millionaire Mind (2005) explains how people unconsciously develop rigid attitudes and behavioral patterns in their relationship to money that they learned from their parents – and that will determine their future wealth. It presents the key guiding principles and thought patterns that millionaires live by and anybody who wants to get rich should adopt.
Secrets of the Millionaire Mind Review
Secrets of the Millionaire Mind (2005) is a thought-provoking book by T. Harv Eker that delves into the mindset and habits of millionaires. Here's why you should read it:
- It offers practical strategies for rewiring your thinking and transforming your financial life.
- The book combines real-life experiences and powerful insights to help you understand the key factors behind financial success.
- With its engaging storytelling and relatable examples, the book makes the topic of money management interesting and enjoyable.
Who should read Secrets of the Millionaire Mind?
- Anyone interested in the secrets to accruing wealth
- Anyone who wants to see a steady rise in their fortune in the long term
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Secrets of the Millionaire Mind FAQs
What is the main message of Secrets of the Millionaire Mind?
The main message of Secrets of the Millionaire Mind is how to develop a wealthy mindset and overcome financial limitations.
How long does it take to read Secrets of the Millionaire Mind?
The reading time for Secrets of the Millionaire Mind varies, but it typically takes several hours. The Blinkist summary can be read in just 15 minutes.
Is Secrets of the Millionaire Mind a good book? Is it worth reading?
Secrets of the Millionaire Mind is a must-read for anyone interested in financial success. It provides practical insights and strategies to change your money mindset.
Who is the author of Secrets of the Millionaire Mind?
The author of Secrets of the Millionaire Mind is T. Harv Eker.
What to read after Secrets of the Millionaire Mind?
If you're wondering what to read next after Secrets of the Millionaire Mind, here are some recommendations we suggest:
- I Will Teach You To Be Rich by Ramit Sethi
- The Millionaire Next Door by Thomas J. Stanley and William D. Danko
- Losing My Virginity by Richard Branson
- Think and Grow Rich by Napoleon Hill
- Millionaire Success Habits by Dean Graziosi
- The 80/20 Principle by Richard Koch
- Everyday Millionaires by Chris Hogan
- 7 Strategies for Wealth and Happiness by Jim Rohn
- The Psychology of Money by Morgan Housel
- The 5 AM Club by Robin Sharma