MM #49: Secrets of the Millionaire Mind – Part 3

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It really was fun, and I’m so happy to be forming real friendships with some of these guys – they really are a great bunch of people.

2. FEATURE: Secrets of the Million’aire Mind – Part 3
Here is the final instalment of our popular series. If you missed the first two parts you can find them here:
Part 1
Part 2

We love hearing how you are implementing these strategies. Great job!

And now on to Part 3 – thanks again to my good friend Birgitte Philipedes of New York for her help on this. (And inspired by “Secrets of the Million’aire Mind” by T. Harv Eker. However any errors or omissions are purely our own.)

Million’aire Mind Notes – Part 3

  • Never have a ceiling on your income
  • The majority of millionaires became rich by being in their own business
  • When you own a business, you can save a small fortune in taxes by writing off portions of your expenses for car, travel, education, home, etc
  • Selling is one of the world’s highest paid professions
  • You’ll never get rich working on a straight salary for someone else
  • Rich people live in a world of abundance
  • You can be kind, loving, caring, generous and spiritual person – and be rich
  • The true measure of wealth is your net worth, NOT your income
  • The four net worth factors are:
    1. Income
    2. Savings
    3. Investments
    4. Simplification
  • Rich people take the time and energy to learn about investing and investments
  • Simplification = consciously creating a lifestyle in which you need less money to live on
  • Expenses will always rise in direct proportion to income
  • Know your net worth
  • To master money you must manage money
  • Rich people are good at managing their money
  • Start properly handling the money that you already have
  • You must acquire skills and habits of managing a small amount of money before you can have a large amount
  • When you begin to manage your money, you’ll have plenty of it

Exercise:
Don’t just read this information, do something!
Go to our comments section and:
1) Let us know what ACTION (if any) you took as a result of Part 2
2) Post TWO nuggets from above that most strike you
3) Pick ONE action you will take out of reading Part 3, and post it for the world to see.
Post and Comment here

* * *
Enjoy!

David

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12 Responses to “MM #49: Secrets of the Millionaire Mind – Part 3”

  1. Anonymous Says:

    This issue had real meaning for me. I come from a poverty based childhood and haven’t shaken the scarcity belief when I am not earning an income. I’ve started my business and have been trying to control outgoings and ignore ‘doing the books’. So, “as income rises so do expenses” and “you can’t have more money until you manage what you have” thoughts hit home.

    I’m heading offline now to get my finances back on track!

  2. Anonymous Says:

    Would make Snake Oil salesman proud! , November 11, 2005

    Reviewer:
    Sargon “of Akkad” (Canada) – See all my reviews
    I went to T. Harvey Ecker’s “free” seminars. He is a low grade con artist in my opinion that tends to attract some low grade groupies and offers low grade products/information. Russ Whitney move over, Harvey Ecker is in town and he offers even less than you do. Such a deal! Yup, Harvey Ecker is the last person I’d ask how to improve my financial circumstances. There are better books out there and much better methods.

    In one of his seminars about 4 years ago he claimed his book “Millionaire Mind” was a bestseller. I didn’t believe him (a gut feeling) and investigated: NOT! I told the groupie who nagged me to go to his seminar, her response was that of a deer caught in a headlight and she rushed to the table in the back (at the second seminar I went with her out of curiosity) and spent $3000 maxing out her credit card (deep financial debt due to a divorce) to go to some “warrior” training camp which he contracts out to some outfit. Needless to say she was of the “needy personality”. She went to every one of his “free” seminars that he had when in town and would hover around the stage like a dazed & confused school girl – it was surreal. He was supposed to make an appearance at his *paid* “warrior” training camp but was too busy “shaking the foundations” with his message. Yeah, right!

    Why did I go? I’m openminded and inquisitive but know a carnie when I see one. Been around lots of them. Folks, this guy is your typical purveyor of BS who I highly doubt has ever operated a business (we only have HIS ‘word” on this) and does seminars and “workshops” but has never actually applied them to the real world. He operates mostly in Canada because he’s too low grade to mingle with the big boys in the USA. You want to improve your life? Like I say there are better people out there to read and advise you. I’m just informing you that this guy ain’t one of them. His goal, and his only goal, is to give you repackaged horsehooey disguised as profound wisdom and mark it up 1000% all the while making unsubstantiated claims to the truly desperate. If you’re that stupid, after reading this heads up, to buy T. Harv Ecker’s books and attend his “Sucker Born Every Minute” seminars, please be my guest.

    For the record I scanned this book and his Millionaire Mind one. As Dr, Phil would say, “Past behavior is a good indicator of future behavior.” In this case, his books, like his seminars, are fluff packaging for the desperate and why I’m doing this review. I hate to see people being shafted bearing in the mind the above paragraph. In addition, I noticed some positive reviews from authors (i.e. Kevin Hogan) who actually are good and i’m disappointed but in a society of “let’s endorse everyone so they’ll endorse me”, it isn’t surprising. How anyone could legitimately endorse this guy and keep a straight face is beyond me. I guess standards keep on falling and Ecker’s “products” will keep on rising.

    Let me reiterate, if you desire financial success look other places and read other books. Here you’ll find deceptive methodology, expensive programs that are designed to open your wallet and give you as little as possible and books that are marginal at best, useless at worst. Obviously, I’m talking to those whom I have described. I have seen first hand the damage guys like this can do to thos ewho are desperate and gullible.

  3. Anonymous Says:

    Would make Snake Oil salesman proud! , November 11, 2005

    Reviewer:
    Sargon “of Akkad” (Canada) – See all my reviews
    I went to T. Harvey Ecker’s “free” seminars. He is a low grade con artist in my opinion that tends to attract some low grade groupies and offers low grade products/information. Russ Whitney move over, Harvey Ecker is in town and he offers even less than you do. Such a deal! Yup, Harvey Ecker is the last person I’d ask how to improve my financial circumstances. There are better books out there and much better methods.

    In one of his seminars about 4 years ago he claimed his book “Millionaire Mind” was a bestseller. I didn’t believe him (a gut feeling) and investigated: NOT! I told the groupie who nagged me to go to his seminar, her response was that of a deer caught in a headlight and she rushed to the table in the back (at the second seminar I went with her out of curiosity) and spent $3000 maxing out her credit card (deep financial debt due to a divorce) to go to some “warrior” training camp which he contracts out to some outfit. Needless to say she was of the “needy personality”. She went to every one of his “free” seminars that he had when in town and would hover around the stage like a dazed & confused school girl – it was surreal. He was supposed to make an appearance at his *paid* “warrior” training camp but was too busy “shaking the foundations” with his message. Yeah, right!

    Why did I go? I’m openminded and inquisitive but know a carnie when I see one. Been around lots of them. Folks, this guy is your typical purveyor of BS who I highly doubt has ever operated a business (we only have HIS ‘word” on this) and does seminars and “workshops” but has never actually applied them to the real world. He operates mostly in Canada because he’s too low grade to mingle with the big boys in the USA. You want to improve your life? Like I say there are better people out there to read and advise you. I’m just informing you that this guy ain’t one of them. His goal, and his only goal, is to give you repackaged horsehooey disguised as profound wisdom and mark it up 1000% all the while making unsubstantiated claims to the truly desperate. If you’re that stupid, after reading this heads up, to buy T. Harv Ecker’s books and attend his “Sucker Born Every Minute” seminars, please be my guest.

    For the record I scanned this book and his Millionaire Mind one. As Dr, Phil would say, “Past behavior is a good indicator of future behavior.” In this case, his books, like his seminars, are fluff packaging for the desperate and why I’m doing this review. I hate to see people being shafted bearing in the mind the above paragraph. In addition, I noticed some positive reviews from authors (i.e. Kevin Hogan) who actually are good and i’m disappointed but in a society of “let’s endorse everyone so they’ll endorse me”, it isn’t surprising. How anyone could legitimately endorse this guy and keep a straight face is beyond me. I guess standards keep on falling and Ecker’s “products” will keep on rising.

    Let me reiterate, if you desire financial success look other places and read other books. Here you’ll find deceptive methodology, expensive programs that are designed to open your wallet and give you as little as possible and books that are marginal at best, useless at worst. Obviously, I’m talking to those whom I have described. I have seen first hand the damage guys like this can do to thos ewho are desperate and gullible.

  4. Dennis Says:

    It’s great to know that I can be a wonderful person…AND be rich. What a wonderful insight.

    Also, to understand what simplification is really all about. That is a wonderful nugget- Simplification = consciously creating a lifestyle in which you need less money to live on

    So, what will I do about this? I will look at the way I manage my current work in order to create a lifestyle in which I need a little less, and still accomplish and enjoy as much.

  5. Anonymous Says:

    you must aquire the skills to manage small amounts of money before you can have large amounts.

    start properly handling the money you already have.

  6. Anonymous Says:

    How did Cohelio say it about when you want something really bad? Well the phrase out of part 3 “You’ll never get rich working on a straight salary for someone else” is right on. Today at 12 p.m. I have decided to give in my resignation from Executive Director of a world organization as I am starting my own Business Consulting business!!!

  7. Anonymous Says:

    KNOW the source – You become as those with whom you associate.

    Accentuate the POSITIVE – turn away from the negative.

    What you focus on E X P A N D S

  8. David Wood Says:

    I appreciate the snakeoil salesman comment. I haven’t heard anything else back about Ecker, but I’ll keep my ears open. And it reminds us all – check out information for yourself.
    I know people who thought his seminars were great. At the same time, I know a lot of people spend thousands on these things, and don’t make change in their life. But you can make great change just from a couple of books – no need to spend the thousands.

    And way to go the person who is resigning! Gave me a great start to my day. Drop me a line if you see this post letting me know how you go!

    David

  9. Anonymous Says:

    Next week I will register for real estate classes

  10. Inside Investigator Says:

    D you want to know what really goes on with Peak Potentials Training before you opening your wallet. It is not a sales site, only the details of my first hand experience.

    Inside Peak Potentials Training

    I hope it helps.

  11. David Wood Says:

    Inside Investigator – thanks very much for your comments. Very useful site.

  12. Cyndi Helget Says:

    I probably get laid 10 times more than you cos of this book http://tiny.cc/getlaidnow

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