BOOK CARD
- Original title: Secrets of the millionaire mind
- English title: The secrets of the millionaire mind
- Author: T. Harv Eker
- Category: Personal finance
WHAT DOES IT TEACH US?
HOW TO CHANGE?
- If you want changes, you must really want to change
If you want to change the fruits, first you have to change the roots.
- If you lack money, you have to ask yourself a question: how have I spent my money so far?
- DO NOT listen to people who say that the rich are greedy and mean because it creeps into your head and will make you feel guilty when you become rich, wealth doesn’t make you mean, it only accentuates what you already were,
ES: If you are generous, money will make you even more generous.
INCREASE EARNINGS:
- Income grows only if we grow in culture such as reading books and getting informed.
- You must have control of your actions.
- DO NOT complain about the negative things in life but face them.
- The rich people risk more than the poor.
- The more you bring value to the market the more you will earn.
- To enter the game you have to consider a situation or a project that you want to start.
- Read biographies of successful men.
- Find friendships and acquaintances that give you something more and forget about time-wasting friends.
PROBLEMS AND HOW TO SOLVE THEM:
- Evaluate the product or service from 1 to 10, if it is worth 9 or lower for you review your project until it becomes 10
- Write down a problem that nags you in life, then list 3 things you can do to improve your situation, so you’ll think about the solution, not the problem
- DON’T limit earning if you can earn more then do it
- Find a job that pays you based on your ability, not your time.
- Try looking for a way to have both things by asking yourself: “How can I have both?”
THE 4 FACTORS FOR WEALTH:
Focus on 4 factors:
- Increase income,
- Savings,
- Investments
- Decreasing the cost of living
- 10% INVESTMENTS, 20% LONG/SHORT SAVINGS, 10% TRAINING, 10% DONATIONS, 50% NEEDS
- Write down your fears about money
PERSONAL OPINION
I don’t know how useful these tips can be because life isn’t that easy, especially if you were born into a family that isn’t doing well financially.
The author for me relies too much on the US model which is not the same in other countries.
VOTE:
Rated 4 out of 5
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