Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth
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if you come into big money when you’re not ready for it on the inside, the chances are your wealth will be short-lived and you will lose it.
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It’s time to decide. You can be a victim or you can be rich, but you can’t be both.
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Rich people play the money game to win. Poor people play the money game to not lose.
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The number one reason most people don’t get what they want is that they don’t know what they want.
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We each came to this earth with natural talents, things we’re just naturally good at. These gifts were given to you for a reason:
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the more people you help, the “richer” you become, mentally, emotionally, spiritually, and definitely financially.
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As we are liberated from our own fear, our presence automatically liberates others.
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Write down what you believe to be your “natural talents.” These are things you’ve always been naturally good at. Also write how and where you can use more of these gifts in your life and especially your work life.
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When obstacles arise, handle them, then quickly refocus on your vision.
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If you want to get rich, focus on making, keeping, and investing your money. If you want to be poor, focus on spending your money.
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Get ready the best you can in as short a time as possible; take action; then correct along the way.
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being in the “corridor.” It means entering the arena where you want to be in the future, in any capacity, to get started.
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“Cancel, cancel, thank you for sharing,”
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who do you have to be to succeed at anything? Try some of these characteristics on for size: positive, reliable, focused, determined, persistent, hardworking, energetic, good with people, a competent communicator, semi-intelligent, and an expert in at least one area.
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“Bless that which you want.”—Huna philosophy
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Join a high-end club, such as for tennis, health, business, or golf. Mingle with rich people in a rich environment.
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every business, including writing books, depends on selling.
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Would you wait for that person to read your mind or guess
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Read books, listen to audios and CDs, and take courses on marketing and sales.
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whenever you feel as if you’ve got a big problem, point to yourself and scream, “Mini me, mini me, mini me!”
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Please kneel down on one knee and bow your head in respect. Ready, here goes. “BY THE POWER INVESTED IN ME, I HEREBY ANOINT YOU AS ‘WORTHY’ FROM NOW UNTIL FOREVER MORE!”
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“Universe, if anyone has something great coming to them and they’re not willing to take it, send it to me! I am open and willing to receive all of your blessings. Thank you.”
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Selling is one of the world’s highest-paid professions. If you’re good, you can earn a fortune.
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Each time you spend money, say to yourself, “This money will go through hundreds of people and create value for all of them.”
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Take a blank sheet of paper and title it “Net Worth.” Then create a simple chart that begins with zero and ends with whatever your net worth objective is. Note your current net worth as it is today. Then every ninety days, enter your new net worth. That’s it. If you do this, you will find yourself getting richer and richer.
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“Where attention goes, energy flows and results show.”
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Focus on all four net worth factors: increasing your income, increasing your savings, increasing your investment returns, and decreasing your cost of living by simplifying your lifestyle.
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Thomas Stanley, in his best-selling book, The Millionaire Next Door,
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Your play account is primarily used to nurture yourself—to do the things you wouldn’t normally do. It’s for the extraspecial things like going to a restaurant and ordering a bottle of their finest wine or champagne. Or renting a boat for the day. Or staying in a high-class hotel for an extravagant night of fun and frolic. The play account rule is that it must be spent every month. That’s right! Each month you have to blow all the money in that account in a way that makes you feel rich.
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Open your Financial Freedom bank account. Put 10 percent of all your income (after taxes) into this account. This money is never to be spent, only invested to produce passive income
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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.
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I have identified two primary 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 major source of passive income 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 ...more
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Rich people buy assets, things that will likely go up in value. Poor people buy expenses, things that will definitely go down in value. Rich people collect land. Poor people collect bills.
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Get educated. Take investment seminars. Read at least one investment book a month. Read magazines such as Money, Forbes, Barron’s, and the Wall Street Journal. I’m not suggesting you follow their advice, I’m suggesting you get familiar with what financial options are out there. Then choose an arena to become an expert in and begin investing in that area.
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List at least three specific strategies with which you could create income without working, in either the investment or the business field.
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Don’t wait to buy real estate. Buy real estate and wait.
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Action is the “bridge” between the inner world and the outer world.
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rich people are willing to act in spite of fear.
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Susan Jeffers even wrote a fantastic book about this, entitled Feel the Fear and Do It Anyway.
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A true warrior can “tame the cobra of fear.”
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Happiness comes as a result of being in our natural state of growth and living up to our fullest potential.
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“I act in spite of fear.” “I act in spite of doubt.” “I act in spite of worry.” “I act in spite of inconvenience.” “I act in spite of discomfort.” “I act when I’m not in the mood.”
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always made it a point to learn from true masters in their respective fields—not those who claimed to be experts, but those who had real-world results to back up their talk.
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I strongly suggest that you put 10 percent of your income into an Education Fund. Use this money specifically for courses, books, tapes, CDs, or any other way you choose to educate yourself, whether through the formal education system, private training companies, or personalized, one-on-one coaching.
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Consider hiring a personal coach to keep you on track.