Secrets of the Millionaire Mind

millionaire

Initially, T. Harv Eker's Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth seems cast from the same mold as Loral Langemeier's The Millionaire Maker (my review): full of vague promises, unsupported claims, and thinly-veiled sales pitches for products and seminars. It's true that Eker is guilty of some of these faults. But ultimately I could not help but like the book once I stopped thinking of it as a personal finance guide and began to consider it as a motivational tool.

I'm sure that many people would dismiss Secrets of the Millionaire Mind as useless. There's not a lot of concrete information here about how to improve the details of your financial life. (Though the scant advice presented is sound). Instead, this book encourages readers to adopt mental attitudes that facilitate wealth. It's about changing your psychological approach to money, success, and happiness.

Eker believes that we each possess a “financial blueprint”, an internal script that dictates how we relate to money. This blueprint is created through lifelong exposure to money messages from friends, current events, entertainment programs, and, especially, our family. Unfortunately, our blueprints usually contain errors that prevent us from achieving our dreams.

Eker lists seventeen ways in which the financial blueprints of the rich differ from those of the poor and the middle-class.

  1. Rich people believe: “I create my life.” Poor people believe: “Life happens to me.” (This is HUGE. Every successful person I know is control of her life. Unhappy people are constantly complaining to me how this, that, or the other thing prevents them from doing something.)
  2. Rich people play the money game to win. Poor people play the money game to not 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. (This is important, too — it seems to hold true among my friends.)
  7. Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people. (Another important one.)
  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 based 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. (This is big for me right now. I've accomplished most of the goals I set for myself, and need to set some new ones. But I have this nagging fear, because I'm moving into the unknown. Eker says that successful people act in spite of this fear. They move beyond worry, they “fake it til they make it”, learning as they go. Unsuccessful people do nothing at all.)
  17. Rich people constantly learn and grow. Poor people think they already know.

Out of context, some of this advice seems glib. In the book, however, Eker explains each point, demonstrating how successful people discard limiting beliefs while the unsuccessful succumb to them.

Though Eker's book is ostensibly about wealth, it's actually about happiness and success. This is one of those books from which it's important to extract the core lessons and to apply them to your life in ways that are appropriate. Don't take everything at face value. Take the information and use it in ways that work for you. For me, for my place in life, Secrets of the Millionaire Mind was perfect. Eker's seventeen lessons were exactly what I needed to hear right now.

This is an excellent book to borrow from a library. I listened to the audio version of this book (via Audible), and highly recommend it in this form. Eker reads it himself in an almost too-enthusiastic style. Yet when you surrender to his eagerness, it works.

You can find more information on Secrets of the Millionaire Mind at:

I'm surprised that there's not more information about this book available online, especially on other personal finance sites. I expected some sort of reaction, even if it was a negative one. Nobody seems to have read it.

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Matt
Matt
13 years ago

What it sounds like Eker does not address is the fact that most people firmly believe that happiness can be bought, because on the surface that’s how it appears. How it actual is, though, is that happiness happens anyway– that people will be as happy as their natures allow them– and money does no more than allow you to control when and how it comes. Not whether. And therefore they ought to use their extra money to buy something of real substantialness, like stock or a rental property. I’ve blogged more about this idea here.

Doc JB
Doc JB
8 years ago
Reply to  Matt

Matt

Whatever is written or said in praise of poverty the fact still remains that a person cannot live in full potential unless he is rich.

be happy with what you can afford. Others want more than meager things because god plan to prosper those who are dedicated to advance.

Jahniah
Jahniah
6 years ago
Reply to  Matt

To be successful or to become a millionaire, You must… create a plan… stick to your plan(s)… remain focused… and develop/maintain a millionaire/successful mindset! Any person can earn a full-time online income if they have the right mindset and discipline. Having the right mindset increases your chances of success tenfold. When you have a millionaire’s mindset, you tend to be more happy and your happiness is not because of you “having money” but because of your journey getting the money (all the people you helped).

Flora
Flora
13 years ago

I have to say, it does come off rather glib. Are you not the same person who just last week encouraged us to look at the Global Rich List? And now you’re saying the poor are poor because they have a bad attitude? These types of books always confuse me. They are, presumably, written by people with a fair understanding of economics. Do they not then understand that the economy depends on the existence of many, many poor people to perform the manual labor that keeps the whole thing ticking? This probably plays into all of the above stereotypes of… Read more »

prlinkbiz
prlinkbiz
13 years ago

You’re life, and possibly blog, are going to be different from here on out. Welcome to the “dark side”… (wink) lol

Duane Gran
Duane Gran
13 years ago

Does the author blame the poor? Yes, but some of the blame is deserved. I’m reminded of a line from “Rich Dad, Poor Dad” where the Rich Dad explains how he once went bust. He said he was broke, but he wasn’t poor. Most people have no comprehension of the difference. Granted, it can sound pretty insulting and aloof to tell someone who is both broke and poor that they can change their situation solely through an attitude change. That would be dishonest in my opinion, but isn’t it peculiar how financially successful people exhibit similar personality traits which are… Read more »

William Mize
William Mize
13 years ago

I’ll probably take a look at it, but it seems almost as if there’s a club, and all these authors belong to it.
They all shill each other’s books, they all write blurbs for each others, they all recommend each other’s seminars, etc.

It creeps me out, and lends an air of inauthenticity and greed to the proceedings.

Also, the google ads below this entry amuse me because lord knows someone is gonna click on the one that says you can be a millionaire in two years.

Sweet.

J.D.
J.D.
13 years ago

This is *exactly* how I feel about it, too, and why I’m wary of authors like Eker and Langemeier. It’s why I can’t accept them at face value. I feel as if that’s mean of me, but I’m constantly on the look out for ulterior motives when people promise “millionaire” anything. Usually what they mean is “if you buy my book and attend my seminars, I will become a millionaire”. Still, as I say, I try to draw what value I can from them. And this book certainly provided motivation.

Flexo
Flexo
13 years ago

That’s exactly what it’s intended to be — motivation. Motivational speaking sells these books and products. Sure, there are a lot of benefits from an attitude change from negativity to control, for some. There’s some truth to everything, but mostly, it’s just marketing. Obvisouly, if you consider the truly poor people throughout the world, this book would do them no good whatsoever. Think of how ridiculous it would be to tell someone who is truly destitute or partcically enslaved that all they need to do is “think positively” and their situation will improve. Someone who is homeless and has mental… Read more »

Nathaniel
Nathaniel
13 years ago

I don’t like this list because I don’t like the implied goal: to get rich. Wealth is a tool that lets you do things, not an end in its self. I also don’t like the implication that the poor are poor because they choose to be. This is true in some cases, but certainly not most of them. I do think there is a lot to be said for the role ambition, confidence, and motivation play in how your life works out. But everything needs to be taken in context of the society and economy we live in. Perhaps I… Read more »

creamy
creamy
13 years ago

riiiiiiiiiiiiiiight. and everybody who is rich has earned it and everybody who is poor has earned it.

and everyones’ goal is … what … to get rich?

i haven’t read this book or listened to the audio or anything else, but just from what you’ve written – it makes me a bit sick to my stomach.

Angela
Angela
13 years ago

I think that the statement
‘the financial blueprints of the rich differ from those of the poor and the middle-class’ is kind of inaccurate, its not the difference between the rich and the poor at all, but between the rich and the middle-class (and most people are middle-class in the industrialized West).

And I don’t want to be rich either, I just want to be comfortable and happy.

BxCapricorn
BxCapricorn
13 years ago

I read this book a few years ago and it certainly does address certain winning patterns of behavior that those who are financially independent have adopted. The rich have been envied and lambasted so long that their belief in themselves, ability to make and stick to long term plans, marry for life, understand stocks/money/growth patterns, and such should inspire people to do the same. The book is not a list of do’s and don’ts, or some secret way of investing, handling money, etc. It really is about avoiding expensive pitfalls and patterns in your life. Thanks for reminding me of… Read more »

NLG
NLG
13 years ago

Correct me if I’m wrong, JD, but the book actually only lists the positive thoughts that many so-called rich people possess. It sounds to me as though you added the opposites yourself. If I’m correct, the author did a good job as he’s simply being motivational and allowing the reader to apply the good advice to their own lives and way of thinking. I also agree with Angela. The comparison is much more valuable for the middle class because they have aspirations to have more money, and more free time. It is a generalization, but it is written for the… Read more »

J.D.
J.D.
13 years ago

In the audio version of the book, the author lists the positive attitudes of the “rich” and the negative attitudes of the “poor”. I think that Angela and NLG are making an excellent distinction with regards to the middle-class.

TJP
TJP
13 years ago

I think we should focus on the overriding concept of this post, which clearly spells out “the human mind is ultra-powerful. Your personal thoughts leads to specific results.”

Frankily, the words “rich” and “poor” don’t matter in the article; I believe understanding how the human mind operates is fare more beneficial than concentrating on a writer’s diction.

Steve
Steve
13 years ago

I read this book, and a significant portion of it is geared to those who had parents who mismanaged money, and now find themselves doing the same thing. This pattern is usually true for most situations, not just money, but for me, a middle-class guy from a family that terribly mismanaged money, it was eye-opening to see some of my parents’ financial mistakes being repeated by me without realizing it. And I agree it is really for the middle class, and those knowing they can do better, but are not. I recognize some of the “poor people” bad attitudes in… Read more »

Sarah O. Barr
Sarah O. Barr
13 years ago

I really appriciate this eye opening website. I see how it is important for me to look beyond my past and realize that I hold my future in my hands. If I think I can do it than I will go for my goal without thinking that they are to far out of reach.

JenK
JenK
13 years ago

I find the attitude differences illuminating. Yes, it makes a big difference to focus on the positive and to spend time with positive people (not pollyana or spoiled – positive). But skills, knowledge, and persistence count too – you have to be able to execute, unless you have the incredible good luck to have both a huge amount of money and a trustworthy staff. 🙂

gmv
gmv
13 years ago

I’m of mixed opinion on Eker (OK, not only have I read the book but I attended the free seminar), but I think it’s most beneficial to think of “poor” and “rich” primarily in terms of attitude. Eker IS talking about a millionaire MIND. If you really listen to him, he acknowledges that not everybody will be a literal millionaire. But if you make a serious effort at his stuff, you’ll at least have more material wealth and a heck of a lot more of the right sort of mindset that opens you up to wealth. Rich vs. poor starts… Read more »

kate
kate
13 years ago

This book is really about creating mindset that will guide you to be open to the possibilty of creating wealth-you define what wealth is to you-it could be 120,000 a year income or whatever! I have worked on the stock exchange floor as a trader, bought/sold real estate and have been around wealthy people all my life-simply I have worked to create the building blocks to learn the ways that weatlh is created and maintained. This book has sound ideas and in the end I have always found that ONE thing the seperate success from failure is mindset-most people fail… Read more »

Leo Foster
Leo Foster
13 years ago

Millionaire Mind and the Secrets of the Millionaire Mind. This is a subject WORTH discussing. Poor people are responsible for being poor. Rich people are responsible for being poor. It all begins in the mind as Harv Eker’s book tries to explain There is ONLY ONE reason for financial failure: an inadequate financial Self-Image (what Eker calls your Money Blueprint). The is ONLY ONE reason for financial SUCCESS a positive, winning financial Self-Image (what Eker calls your Money Blueprint). Your financial Self-Image is the sum TOTAL of all your beliefs, values, rules (and their resulting attitudes and behaviors) about YOU… Read more »

Leo Foster
Leo Foster
13 years ago

Hello and CONGRATULATIONS!

I just searched Google for “think like millionaire” and your web site is coming up in positionS 1-2 on FIRST page of Google.

I am so glad a wonderful site like yours is getting the type of recognition it DESERVES.

Keep up the great work!

Leo Foster.
http://www.makemoneyfastgetrichbeamillionaire.com

Eric Hurczak
Eric Hurczak
13 years ago

I thought the book was pretty good as it helped me to better understand some of the limiting money beliefs that I accepted from my parents. Knowing and understanding where our own limiting beliefs come from is probably the first step one needs to take before working on eliminating them. I think people should take what they can from these type of books and use it for inspiration and motivation to move forward. All it takes is one key insight for a person to have a sudden realization or understanding that sheds some light into their own situation. This then… Read more »

Rick
Rick
12 years ago

The Rich Young Man 16Now a man came up to Jesus and asked, “Teacher, what good thing must I do to get eternal life?” 17″Why do you ask me about what is good?” Jesus replied. “There is only One who is good. If you want to enter life, obey the commandments.” 18″Which ones?” the man inquired. Jesus replied, ” ‘Do not murder, do not commit adultery, do not steal, do not give false testimony, 19honor your father and mother,'[a] and ‘love your neighbor as yourself.’[b]” 20″All these I have kept,” the young man said. “What do I still lack?” 21Jesus… Read more »

Leo Foster
Leo Foster
12 years ago

Hello.

The last two days I made a deliberate effort and re-studies Harv Eker’s book “The Secrets of the Millionaire Mind”.

It is really a very useful book. And again I strongly recommend it to anyone who has the goal of increasing his/her financial income.

Changes to the Money Blueprint MUST always come first..Anything else will fail.

And if some of you already read the book, then, read it again. It will be of great benefit and you will see things you did not notice before.

Leo.

Jane Rogers
Jane Rogers
12 years ago

Very interesting. I’ve just come back to Scotland having read the book three times, and attended the free seminar in Los Angeles. I’ve written a report on my experience, which you can get free at http://www.secretsofthemillionairemind.co.uk What I really want to say is that you need an open mind to read this book. If you’re coming to it with your mind already made up, then you will of course find what you have already made your mind up about. If you’re willing to challenge yourself and your beliefs, then there is a wealth of information available, much of which one… Read more »

C. A.
C. A.
12 years ago

I admit, I have only read the 17 points T. Harv Eker is mentioning as the main difference between the mindset of rich and poor people. Also I have read the commentaries of many here, who read his books and attended his seminars. So far, my opinion about him and his claims is mixed. I do not think, that the poorest people are just poor, because they have a poor way of thinking. They may think poor, but even thinking rich or just like T. Harv Eker himself, would not necessarily change their financial situation with a guarantee. If someone… Read more »

Nigel
Nigel
12 years ago

C.A. – Wow! You really need to read this book. You are embarrassing yourself to those of us who have read it.

Will
Will
12 years ago

This book is a terrible waste of time used to pump you up to attend his “free” seminar and then buy into his expensive weekend getaways. Of course, you don’t have to… they’d be really happy with you just becoming an affiliate (as we can see with a few posters above) so that you promote the book/seminar and maybe generate more sales for them (not so much of the book but more the expensive getaways). Really, this book is just an entry way into the Eker club/religion. I went. It was absolutely astounding to watch the presenters work their persuasive… Read more »

Kit
Kit
12 years ago

Its painfully obvious from the posts above, who the rich people and who the poor people are who have made comments on this site. FYI – I am rich. I haven’t read the book but have read summaries and heard about it. Most of the general characteristics of rich people outlined here are very true, for me at least. I never spend excessively. Even though I have an annual income of more than $5million and own multiple properties and businesses who are continually appreciaiting, I drive a normal car and still shop at discout stores except for when I am… Read more »

Tina
Tina
12 years ago

I read the book, and I have to say that there is a difference between the groups of rich folks and poor folks–and broke folks. It’s a mindset. Think about it. Have you ever noticed that you can determine what profession someone is in by the way he dresses and how he speaks? It’s a generalization, of course, but you can sort of tell. There is a way about him, there is a demeanor that is different. A doctor speaks differently from, say, a lawyer, for example. Well, it’s the same thing. A rich person has become the type of… Read more »

C. A.
C. A.
12 years ago

@ Kit

Are you sure you haven’t exaggerated “a bit” with your income?
You would need to have a net worth of at least $40-50m, probably even $100m, in order to make such a yearly income.
There are maybe 20-30,000 people worldwide who have that kind of money. Are you one of them?
I seriously doubt ..

Daniel
Daniel
8 years ago
Reply to  C. A.

Actually, you don’t need that much. Real estate can provide returns of 25 percent (30+% if you wish to be a slum lord). Therefore, he only needs 20 million to get his 5 million income. Very doable by just about anybody who is committed to it.

Leo F
Leo F
12 years ago

It is amusing to watch some defending and others attacking a ‘certain’ way of life and a ‘certain’ way of teaching. Eker’s book is an excellent one to open your eyes to the fact that rich people think differently from people of lesser means. It is also a reminder that no one is set for life with a certain limited, restrictive ‘mentality’ which creates limitations and financial lack, unless one deliberately chooses to remain poor and resent and criticize the rich. (“The worst blind is the one who refuses to see”). If one can learn ONE distinction that will turn… Read more »

Mark
Mark
11 years ago

This is a very interesting read, I have not read the book, but will. The subconscious programming we all have comes through strongly in words. Take the time to read what you have written again and re evaluate yourself. Take time to question why people get such varying results in life, that is; in any area of their lives not just money and you will see that it comes down to the way people think and the way people are programmed. Money is not bad it is just a tool, it allows you to do more of what you are… Read more »

Leo Foster
Leo Foster
11 years ago

Hello, JD.

Would you consider writing a follow up to your GREAT Nov, 2006 article?

It could prove very beneficial. Judging by your original article, I am absolutely certain you will provide a very unbiased and fair evaluation of any improvements or no-improvements in the quality and level of those seminars – especially now that so many people are letting many negative ideas, beliefs and concepts enter their minds when getting too involved in the drama of Wall Street and the ‘bailout’.

Again, JD, thanks for your original article.,

Leo F.

JSB
JSB
11 years ago

There are roughly 6 billion people on the earth. There are approx. 9 million millionaires. This equates to 0.18% of the population. You would think if the masses becoming rich were desireable to the powers-that-be there would be many more rich people creating wealth much easier. The reality is there are far more poor people trying very hard but not getting very far. Capitalism needs that. Capitalism fails if everyone succeeds. Besides that, half the world’s wealth is hidden away in off-shore accounts many levels deep evading tax. The biggest profits are made through drug-dealing, arms dealing and prostitution. These… Read more »

C. A.
C. A.
11 years ago

@ Mark You are right, I also believe the subconscious programming (mostly given through family members, teachers, friends, people who one appreciates and during childhood) and the own level of awareness are important reasons for success. @ JSB Very true. The “ruling class” doesn’t want everybody to be rich, not even doing very well!! That is also the reason, why there is practically NO useful literature out there, and why the education system of our society and our “business schools” rarely teaches what exacty to look for, to make sure and which steps to take, in order to become rich… Read more »

T. Harv Eker
T. Harv Eker
11 years ago

Great discussion, guys! You’re ready to go to Warrior Camp!

Caridad
Caridad
11 years ago

I have to say that a lot of the list is true– so much of our lives depend on what we believe is possible. This can certainly affect the way we use money and go about earning it. What I haven’t seen mentioned anywhere is the fact that many people who are poor — particularly those who are not in cushy nations like the U.S. — have been beaten down, abused, oppressed and held back their entire lives, either by family members, teachers, government leaders, employers or all of them. I have personally seen people with strong wills and positive… Read more »

James
James
11 years ago

I like how everyone here recognizes there is no cut and dry solution to happiness, and how getting rich is not happiness itself but instead a small piece in the happiness pie, so to speak. Still, financial security is a big concern for everyone and I think we’d all agree we’re better off not having to go through life worrying about our finances.

The Secrets of the Millionaire Mind book helped clarify this for me, and really helped put things into perspective. I’m eagerly anticipating attending one of the Millionaire Mind Intensive seminars I’ve heard so much about.

Luis
Luis
11 years ago

Every one of you are right. After read your comments I started believe in: No matter what you do if you are “predestinado” to be rich… you will be rich. Here I am, poor no matter what I do. I am little better now and believe: I did nothing. WhatIamdoinghere?

Gershom Siame
Gershom Siame
11 years ago

I agree with Luis , but to get rich it has to start from childhood , learn from parent who are successfull.

Gilbert
Gilbert
11 years ago

Has anyone here read “The Pizza Delivery Millionaire”, by Rick Vazquez? Some the books written today focus on those who already know something about real estate. Mr. Vazquez’s book applies to anyone..regardless of background or financial situation. Great tips, proven methods of success, easy to understand..what else could you ask for? I’m planning to use what I have learned this year.

Kunle
Kunle
11 years ago

The wealthy, the rich or the prosperous are those who were prepared for relevant opportunities in their chosen fields.And when the opportunity/ies appeared, they were able to identify it and subsequently exploit them.What makes an individual truly rich/wealthy/prosperous are PREPARATION and OPPORTUNITIES.There lots and lots of formulas and recommendations in books, journals etc that are quite good but all these would fail without good preparation and opportunities to make the money. Such things as good attitude to life may be a means of creating these opportunities but it is no guarantee for success———.

hajar
hajar
11 years ago

i just wanna know if i can find this book in morocco plzz help me coz i’m in need of it

Gitte
Gitte
11 years ago

I am happy that this man have explained the deeper reason from not having enough money. And this has to do with everything in our lifes. Health, work, relations and economy.

Everything has to do with the unconsious mind and it’s lovely to hear inner world create your outer world in hes book.

Go 4 it.

Sandeep Kapoor
Sandeep Kapoor
11 years ago

Well !! there is only limited resources on the planet and 90% are owned by 10% who by the very power of owning these won’t let them go out of their hands and rather try and get the rest from the balance 90% have nots.

So I feel, till the time a have not (poor) doesnt have some extraordinary skill to create wealth he will remail poor till many generations and the rich will keep accumulating more resources from the rest poor 10%.

As simple as that

LifetimeLearner
LifetimeLearner
11 years ago

The cynics and nay sayers commenting here, are exhibiting the attitudes, values and beliefs that will prevent them from ever becoming wealthy/rich/comfortable… Nearly all seem jealous and spiteful, which is unfortunate. When people start to think like the rich, they start genuine striving for that which they desire (usally achievemnet of goals, sometimes the aquisition of money) and often, wealth is a side effect. The Poor frequently share similar attitudes to other poor people, the rich share attitudes and values, too but are different to those of the poor. The book is trying to highlight these ovious differences as simply… Read more »

rbracken
rbracken
11 years ago

this may be a generational approach to thinking about wealth, savings, spending..

Owodunni Ibrahim Adeniran
Owodunni Ibrahim Adeniran
11 years ago

That is way i think, feel,dreaam.but no forget God because he is creator mankind &all that exist

Michael D.
Michael D.
11 years ago

This summary/assessment is helpful . . . and insightful. To not take risk, after exposing your opinions, is contrary to your actions. The fact is that you can plan around success, or plan around failure. There really isn’t a compromise. To plan around success does not mean that one ignores the possibility of failure, but instead, it means that failure scenarios are relegated to contingency, as opposed to purpose. My siblings and parents have suffered long and hard behind planning around failure scenarios. One might call them self-fulfilling prophecies. I believe in the rather simple, but solid adage: “Fail to… Read more »

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