Second Review:
This is a book that I need to read every year to ensure my mind is in the right place and has the right perspective on things. It's like a health check lol.. I love this book so much.
Notes:
- if you're not doing as well as you'd like, all that means is that there's something you don't know
- rich people keep their commitments
- in many ways, my mind is the obstacle to success. I choose not to entertain thoughts that did not empower me toward my vision of wealth
- it's not enough to be in the right place and the right time. You have to be the right person in the right place at the right time.
- stuart wilde - the ket to success is to raise your own energy; when you do people will naturally be attracted to you. And when they show up, bill 'em!
- you're income can grow only to the extent you do
- The vast majority of people simply do not have the internal capacity to create and hold on to large amounts if money and the increased challenges that go with more money and success
- donald trumps financial "thermostat" is set for billions, not millions
- if you want to change the fruits, you will first have to change the roots. If you want to change the visible you must first change the invisible.
- A lack of money is never, ever, ever a problem. A lack of money is merely a symptom of what is going on underneath.
- the money blueprint:
thoughts lead to feelings
feelings lead to actions
actions lead to results
- your past conditioning determines every thought that bubbles up in your mind
- Verbal programming: what did you hear growing up?
- Modelling: what did you see growing up?
- Specific incidences: what did you experience growing up?
- When the subconscious mind must choose between deeply rooted emotions and logic, emotions will almost always win
Steps for change: verbal programming
Awareness: write down all the statements you heard about money, wealth, and rich people when you were going
Understanding: write down how you believe these statements have affected your financial life so far
Disassociating: choose to be different
Declaration: I have a millionaire mind
We tend to be identical to 1 or a combination of our parents in the arena of money
Some of us end up being the exactly opposite of 1 or both parents
Depends on level of anger and rebellion, but then the root of their wealth or motivation for money is anger and resentment. Consequently money and anger become linked in their minds and the more money they make the angrier they get
If your motivation for acquiring money or success comes from a non supportive root such as fear, anger, or the need to "prove" yourself, your money will never bring you happiness
Install new links for earning your money through purpose, contribution, and joy
If you believe you are not enough, you will validate that belief and create the reality that you don't have enough. On the other hand, if you believe you are plenty, you will validate that belief and create plenty of abundance. Because "plenty" will be your root, which will then become your natural way of being
The biggest reason behind the fights people have about money is not the money itself, but the mismatch of their "blueprints"
The only way to permanently change the temperature in the room is to reset the thermostat. In the same way, the only way to change your level of financial success "permanently" is to reset your financial thermostat
No thought lives in your head rent-free. Each thought you have will either be an investment or a cost. It will either move you toward happiness and success or away from it. It will either empower you or disempower you. That's why it is imperative you choose your thoughts and beliefs wisely.
You can choose to think in ways that will support you in happiness and success instead of ways that don't
There are two kinds of habits: doing habits and not-doing habits. Everything you are not doing right now, you are in the habit of not doing. The only way to change these not doing habits into doing habits is to do them
Wealth file#1
Rich people believe "I create my life." Poor people believe "life happens to me."
Often poor people play the role of a victim
Victim clue #1: blame
Usually they blame someone close to them for their poorness
Victim clue #2: justifying
Saying things like "money's not really important"
Anyone who says this is most definitely broke
Victim clue #3: complaining
What ever you focus on expands
When you are complaining, you become a living, breathing "crap magnet"
There is no such thing as a really rich victim
The thing people get from being a victim is attention
Wealth file #2:
Rich people play the money game to win. Poor people play the money game to not lose
Poor people want just enough to pay the bills, middle class want to be comfortable, the rich are mighty comfortable
If your goal is to be comfortable, chances are you'll never get rich. But if your goal is to be rich, chances are you'll end up mighty comfortable
Wealth file #3:
Rich people are committed to bring rich. Poor people want to be rich
The number one reason most people don't get what they want is because they don't know what they want
3 levels of wanting:
"I want to be rich" - is another way of saying "I'll take it if it falls in my lap", billions of people want to be rich but few are
"I choose to be rich" - this entails deciding to become rich, this goes hand in hand with being responsible for creating your reality
Decide in Latin means to kill off any other alternatives, it's better than choice
"I commit to being rich" - to devote oneself unreservedly, giving 100%. If you are not fully, totally, and truly committed to creating wealth, chances are you won't
Wealth file #4:
Rich people think big. Poor people think small.
The law of income: you will be paid in direct proportion to the value you deliver according to the marketplace
4 factors determine your value in the marketplace: supply, demand, quality, and quantity
Most people choose to play small because of fear. They're scared to death of failure and they're even more frightened of success. Also because they feel small, unworthy
If you want to be rich in the truest sense of the world, it can't only be about you. It has to include adding value to other peoples lives
Wealth file #5:
Rich people focus on opportunities. Poor people focus on obstacles.
Poor people think what if it doesn't work or it won't work
Middle class think I sure hope this works
Rich people think it will work because I'll make it work
Rich people expect to succeed
Although poor people claim to be preparing for an opportunity, they're usually stalling. Then they rationalize and say "I was getting ready"
No luck - or anything else worthwhile - will come your way unless you take some form of action first
Rich people focus on what they want and poor people focus on what they don't want
If you want to get rich, focus on making, keeping, and investing your money. If you want to be poor, focus in spending your money
Wealth file #6:
Rich people admire other rich and successful people. Poor people resent rich and successful people.
Rich people traits: trustworthy, positive, focused, determined, persistent, hard working, energetic, good with people, competent communicator, intelligent
Bless that which you want. If you see a person with a beautiful home, bless that person and bless that home. If you see a person with a beautiful car, bless that person and bless that car
Wealth file # 7:
Rich people associate with positive, successful people. Poor people with negative or unsuccessful people.
Wealth file #8:
Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
Rich people are usually leaders and great promoters. To be a leader you must inherently have followers and supporters, which means that you have to be adept at selling, inspiring, and motivating people to buy into your vision
Leaders earn a heck of a lot more money than followers
It boils down to beliefs and why you are promoting
Wealth file # 9:
Rich people are bigger than their problems. Poor people are smaller than their problems.
The secret to success is not to try to avoid or get rid of your problems; the secret is to grow yourself so that you are bigger than any problem
If you have a problem in your life, all that means is that you are being a small person
Keeping your wealth is a whole other story
Think of yourself as your container for wealth. If your container is small and your money is big, what's going to happen? You will lose it
Wealth file #10:
Rich people are excellent receivers. Poor people are poor receivers.
If you're worthy, you are. If you say you're not worthy, you're not. Either way you will live into your story.
By the power invested in me, I hereby anoint you as "worthy" from now until forever more
Universe, if anyone has something great coming to them and they're not willing to take it, send it to me!
Money will only make you more of what you already are
When you find a penny on the ground pick it up and say "I am a money magnet, thank you!"
How you do anything is how you do everything
Wealth file #11:
Rich people choose to get paid based on results. Poor people choose to get paid based on time.
There's nothing wrong with getting a steady paycheck, unless it interfered with your ability to earn what you're worth. There's he rub. It usually does
Never have a ceiling on your income
You'll never get rich working on a straight salary for someone else. If you're going to get a job, make sure you get laid on percentage. Otherwise, go work for yourself
The vast majority of millionaires became rich by being in their own business
Wealth file #12:
Rich people think "both". Poor people think "either/or".
Rich people live in a world of abundance. Poor people live in a world of limitations.
Ask yourself how can I have both?
Rich people believe "you ca have your cake and eat it too"
Each time you spend money, say to yourself "this money will go through hundreds of people and create value for all of them" $5 to buy notebook then that person uses $5 for pen and so that $5 creates value for many people
Wealth file #13:
Rich people focus on their met worth. Poor people focus on their working income.
Net worth factors income, savings, investments and simplification
Parkinson's law "expenses will always rise in direct proportion to income"
Where attention goes, energy flows and results show
Wealth file #14:
Rich people manage their money well. Poor people mismanage their money well.
Until you show you can handle what you've got, you won't get any more
The habit of managing your money is more important than the amount
Either you control 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
The more your money works, the less you will have to work
Harv's definition of financial freedom is the ability to love the lifestyle you desire without having to work or rely on anyone else for money
Buying things for immediate gratification is nothing more than a futile attempt to make up for our dissatisfaction in life
Don't wait to buy real estate, buy real estate and wait
Poor people see a dollar as a dollar to trade for something they want right now, rich people see every dollar as a "seed" that can be planted to earn a hundred more dollars, which can be replanted to earn a thousand more dollars
Wealth file #16
Rich people act in spite of fear. Poor people let fear stop them.
Affirmations, meditations, and visualizations is a part of the inner world. Action is the bridge between the inner world and the outer world
What prevents us from taking action? Fear, doubt, worry
You have to train yourself to not be stopped by anything
Of 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.
Everything is uncomfortable at the beginning but if you stick with it and continue, you will eventually move through the comfort zone and succeed. Then you will have a new, expanded comfort zone, which means you will have become a "bigger" person
Wealth file #17:
Rich people constantly learn and grow. Poor people think they already know.
3 most dangerous words: "I know that"
You can be right or you can be rich, but you can't be both
Jim rohn - if you keep doing what you've always done, you'll keep getting what you've always got
If you're not growing you're dying
Rich people understand BE, DO, HAVE
Poor people/middle class people believe the order to success is HAVE, DO, BE
To get paid the best, you must be the best
The mark of true wealth is determined by how much one can give away
First Review:
This book is the bible to adapting the rich mindset. It's a must read! It changes your perspective on things.