Millionaire Mind | Wealth Files part 11

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

Something you hear a lot is “if you keep doing what you’ve always done, you’ll keep getting what you always do” This is something that we were taught from the very first business we were involved in 20 years ago, and as a result have continued learning every chance we get.

Millionaire Mind| Wealth Files

In the last post we talked about Wealth File #16 about acting in spite of fear.

This is the final post of this series and today I am going to talk about Wealth File #17

Rich people constantly learn and grow. Poor people think they already know.

Did you know that the three most dangerous words in the English language are “I know that”?

The only way you can know something is if you live it.  Otherwise you heard about it, you read about it or you talk about it, but you don’t know it.

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

Something you hear a lot is “if you keep doing what you’ve always done, you’ll keep getting what you always do” This is something that we were taught from the very first business we were involved in 20 years ago, and as a result have continued learning every chance we get.

For me, I am doing learning every day by reading books, listening to audios, and researching daily.  My husband and I have done adult education, courses like Small business Management course, Advanced business growth course, WordPress training courses, Financial Management courses, options trading courses.  We never stop learning.  We are always stretching our boundaries.

The only way to have money is to learn how to play the money game inside and out.  You need to learn skills and strategies to accelerate your income, manage your money, and to invest it effectively.

One of the biggest things you have to remember is that “Every Master was once a disaster”

What we have done over the years is find models and say to ourselves “if they can do it, we can do it.”

One of the biggest things I have done for me recently is get involved in Business Bootcamps run by my mentor where I have learned so much and have so much more confidence now to run my business.  I have had training on things like how to do email marketing, how to use tools like Periscope, and Instagram.  How to do video marketing.  Over time I will also teach these as I master them.  One of the things Harv says is that Rich people understand the order of success is Be, Do, Have.  You need to do the inner work on yourself so you can make your ability to receive money bigger and bigger and re-programme your financial blueprint.  You have to know and fell like what you want to become, do the work to get there and then actually have what you wanted.

The best way to learn is from the people that have been there before you, take advice from people that have already achieved what you are wanting to achieve.

If you have enjoyed this series of posts let me know.  I would love to hear from you.  I can be contacted on Facebook.

Leave a comment below, and click any of the banners on this page.  I am learning all the time from my mentor and I would love you to join me on the journey to self discovery and success.

Have a great day

Millionaire Mind | Wealth Files Part 10

Fear is the biggest thing that stops us from taking action. It is the biggest obstacle not only to success but to happiness as well. Therefore the biggest differences between rich people and poor people is that rich people are willing to act in spite of fear. Poor or unsuccessful people let the fear stop them.

Millionaire Mind | Wealth Files

In the last post we discussed Wealth principles 14 and 15.  Today we are going to discuss the next wealth file.

Wealth File #16
The first is Rich People act in spite of fear.  Poor people let fear stop them.

Action is the bridge between thoughts and meditations and visualisations, so if action is so important what is it that prevents us from taking the actions we know we need to take?


Fear is the biggest thing that stops us from taking action.  It is the biggest obstacle not only to success but to happiness as well.  Therefore the biggest differences between rich people and poor people is that rich people are willing to act in spite of fear.  Poor or unsuccessful people let the fear stop them.

What we need to do is face the fear and then do the action anyway.  A book I read a number of years ago and the Harv talks about is by Susan Jeffers is “Feel the Fear and Do it anyway”.  This book was the beginning of changing my lifestyle.  The biggest problem is that is that people want to wait until the fear subsides.  The big thing is to do it anyway.

One of the Wealth principles relating to this is ” A true warrior can “tame the cobra of fear”.  It is imperative to realise that it is not necessary to try to get rid of the fear in order to succeed.  Rich and successful people have fear, rich and successful people have doubts and rich and successful people have worries.  They just don’t let these feelings stop them.

You have to train yourself to not be stopped by anything.

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

The first time you tried something new, was it uncomfortable or comfortable?  The more you did it the more comfortable it becomes doesn’t it?  When I first started this business I was petrified of doing videos and blogging now I am comfortable doing both.  I am picking up the camera and doing a video whenever I feel the urge now so it has been a huge step of getting out of what was my comfort zone.

Remember the only time you are actually growing is when you are comfortable.  If you want to be rich and successful, you’d better get used to been uncomfortable.   Consciously practice going out of your comfort zone and doing what scares you.

A great example of getting out of your comfort zone is an exercise which Harv does at his evening seminars and me and my husband have done at one of our seminars where you take a wooden arrow with a metal tip and put the metal tip into the soft part of your throat.  The other person you are doing this with then holds the other end of the arrow against their outstretched palm.  The idea is to walk straight into the arrow and break it using only your throat before it pierces through your neck.  The feeling of achieving this is amazing and makes you know that nothing can stop you in the future.  You can overcome anything.  As a result of this exercise I have taken life and not let any of the disappointments get to me but instead look at everything as a new opportunity.

Arrow break

You choose your thoughts.  You train your mind to success.  You can achieve anything

Millionaire Mind | Wealth Files Part 9

What you need to do is move from hard work to smart work. Rich people understand and use leverage. They employ other people to work for them and their money to work for them. Leverage is what a business like I am doing uses too.

Millionaire Mind | Wealth Principles

Well folks this is part 9 of the series I have been doing on the book by T.Harv Eker “The Secrets of the Millionaire Mind”

I have loved this book and have learned so much reading it that I wanted to share the knowledge with everyone.

In the last post we covered the Wealth Files 11, 12, and 13.

Wealth File #14

Rich People manage their money well.  Poor people mismanage their money well 

How do you manage your money or do you manage your money at all?  For me I have realised going through the financial downtime I am currently going through that I have not been a good money manager.  I would generally live from pay to pay hanging out for the next pay as much as possible.  I was terrible at putting money aside for the right things.  But reading this book has changed my thoughts so much.
I am now going to look forward to managing my money when I get it.  Making a proper effort to put money aside for the different purposes it should be put aside for.  Harv Eker says that “Until you show that you can handle what you’ve got, you won’t get any more!” he also says that “the habit of managing your money is more important than the amount.

 

He gives an example of one of the attendees of his course who for the first month only had a dollar to divide into accounts.  Based on the allocation that Harv teaches she put 10c into her FFA (Financial Freedom account). And split the rest of the dollar up into the various other accounts which I will detail later.  This attendee thought to herself “how the heck am I going to become financially free on 10 cents a month, so she committed to doubling that dollar every month. So it went $1, $2, $4, $8, $16 and so on until the twelve month was $2048 that she was dividing up each month.  Then two years later she began to collect some amazing fruits from her efforts and was able to put $10,000.00 straight into her Financial Freedom account.

 

So you can see from this that just starting with any amount will make the universe see that you are managing your money.  It doesn’t matter if you have a fortune right now or virtually nothing.  What does matter is that you immediately begin to manage what you have got, and you’ll be in shock at how soon you get more.

 

Now here is the breakdown Harv says we should be doing with our pay when we get it.

 

  • 10 % into your Financial Freedom Account (This money is only to be used for investing never spending)
  • 10% into your long term savings account for spending later
  • 10% into your Education account – so you can always pay for education
  • 50% into your necessities account – I see this as your everyday expenses running account
  • 10% into your Give account – this is your account for giving to charities etc.
  • 10% for your Financial Freedom spending account. This is the account where you give yourself a fling or treat each month.  It is designed to be spent in full each month.  This is so you feel rich and get a taste of your new life each month.

 

Either you control your money or it will control you.

 

Wealth File #15

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

 

Were you always told stuff like a penny’s pay for a penny’s work or similar types of quotes?  Maybe you were told you have to work for your money but not told the rest that you also have to make your money work for you.

 

What you need to do is move from hard work to smart work.  Rich people understand and use leverage.  They employ other people to work for them and their money to work for them.  Leverage is what a business like I am doing uses too.  I have been taught for years that network marketing works because you are leveraging off other people’s time and more and more now with technology we are also able to leverage our time by doing things like Google Hangouts with multiple people at once and many viewers, Periscope, You Tube videos where you put the information out once and then many people can view it and blogging like this.

 

The idea is that first you work hard for your money and then you let money work hard for you.  Remember money is energy.  Most people put work energy in and get money energy out.  People who achieve financial freedom have learned how to substitute their investment of work energy with other forms of energy.  These forms include other people’s work, business systems at work, or investment capital at work.

 

The definition of financial freedom that Harv gives is “the ability to live the lifestyle you desire without having to work or rely on anyone else for money.”

 

To win this money game the goal is to earn enough passive income to pay for your desired lifestyle.  In short you become financially free when your passive income exceeds your expenses.     This is why a lot of people will reduce their expenses.  Some of the people in the world with the greatest Net Worth just do not look like millionaires or billionaires because they do not flash their wealth around.  They have learned to reduce their expenses so they can live the life they want.

 

Harv has identified two major sources of passive income:

  • The first is “money working for you.” This includes investment earnings from financial instruments such as stocks, bonds, T-bills, money markets, mutual funds as well as owning mortgages or other assets that appreciate in value and can be liquidated for cash.
  • The second is “business working for you”.  This entails generating ongoing income from businesses where you do not need to be personally involved for that business to operate and yield an income.  Examples include rental real Estate, royalties from books or music or software, licensing your ideas, becoming a franchisor, owning vending machines or other types of coin operated machines and network Marketing.  Also any business that is systematised to work without you.

If you want to get involved in Network Marketing I would love to have you along for the ride.

 

Please click any of the banners on this page and I will see you on the other side

 

Let’s change this world together

 

Have a great day

Millionaire Mind |Wealth Principles |Money Mastery part 4

Now I am going to share the wealth files. These are direct from the book “secrets of the Millionaire mind” by T Harv Eker.

The wealth files are seventeen ways rich people think and act differently from poor and middle class people.

Millionaire Mind |Wealth Principles |Money Mastery

Last post we talked about how specific incidents can affect our blueprint and how to actually review what our blueprint is looking like now.

Now I am going to share the wealth files. These are direct from the book “secrets of the Millionaire mind” by T Harv Eker.

The wealth files are seventeen ways rich people think and act differently from poor and middle class people.

I am not going into any detail just listing them today.

  1. Rich people believe ‘I create my life.” Poor people believe “Life happens to me”
  2. Rich people play the money game to win.  Poor people play the money game not to lose
  3. Rich people are committed to being rich.  Poor people want to be rich.
  4. Rich people think big.  Poor people think small.
  5. Rich people focus on opportunities.  Poor people focus on obstacles.
  6. Rich people admire other rich and successful people.  Poor people resent rich and successful people.
  7. Rich people associate with positive, successful people.  Poor people associate with negative or unsuccessful people.
  8. Rich people are willing to promote themselves and their value.  Poor people think negatively about selling and promotion.
  9. Rich people are bigger than their problems.  Poor people are smaller than their problems.
  10. Rich people are excellent receivers.  Poor people are poor receivers
  11. Rich people choose to get paid on results.  Poor people choose to get paid based on time.
  12. Rich people think “both.” Poor people think “either/or”
  13. Rich people focus on their net worth.  Poor people focus on their working income.
  14. Rich people manage their money well.  Poor people mismanage their money well.
  15. Rich people have their money work hard for them. Poor people work hard for their money.
  16. Rich people act in spite of fear.  Poor people let fear stop them.
  17. Rich people constantly learn and grow.  Poor people think they already know.

Over the next few days we will go into more detail about what these wealth files mean.

For today have a great day.

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