Aug 7, 2020
Today I want to finish up our series of
Harv Ekers 17 Wealth Files from the Secrets of the Millionaire
Mind NYT Best Seller.
I’ll start again (in case you didn't listen to the
first 3 in this series) reminding you that we are talking about
changing the way you think about things in your life in order to
create a new, more abundant, mindset to lead you to success…in
every area of your life.
Yes, we are talking in extremes…rich/poor…no, we are
not judging rich vs poor…we are simply contrasting things that help
you create more success, happiness and wealth into your life.
And just to clear it up for you right now, I 100% believe
that you are better off with more money and success in your life.
Money is not good or bad. Your relationship and view of
money can be good or bad, but money itself is a good thing, and you
can do much more good with than without it…believe
that.
So, let's review how Rich and Successful people
think and act and we can dig into the last 6 Wealth Files here
today.
Review from last 3 episodes:
Wealth File #1
Rich people believe “I create my life.” Poor people believe
“Life happens to me.”
Wealth File #2
Rich people play the money game to win. Poor people play
the money game to not lose.
Wealth File #3
Rich people are committed to being rich. Poor people
want to be rich.
Wealth File #4
Rich people think big. Poor people think small.
Wealth File #5
Rich people focus on opportunities. Poor people focus on
obstacles.
Wealth File #6
Rich people admire other rich and successful people.
Poor people resent rich and successful people.
Wealth File #7
Rich people associate with positive, successful people.
Poor people associate 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.
Wealth File #9
Rich people are bigger than their problems. Poor people
are smaller than their problems.
Wealth File #10
Rich people are excellent receivers. Poor people
are poor receivers.
Wealth File #11
Rich people choose to get paid based on results. Poor
people choose to get paid based on time.
This brings us to the final 6 Wealth Files to
cover...
Wealth File #12
Rich people think “both.” Poor people think
“either/or.”
I believe this principle is all about Abundant thinking…
Do you believe there is abundance in the universe? Are
you willing to choose to believe there is abundance?
The reason this is so important is that “abundant thinkers”
have opened the world of possibilities and believe that there is a
win win available in each situation. They been with solutions
rather than focus on the problem. Therefore they have more
opportunity to create solutions, win at the game of life and their
filter on life allows this.
If you are acting out of scarcity mindset, you believe that
for every winner there is a loser. You believe that there are
limited time, resources and opportunities in life. This is
why you might resent others success. This is why you may
blame others for failure and even blame your life, business, and
relationships on being a victim of circumstance.
Ultimately, if you will choose to have an abundant mindset, I
know that you will create much more success in your life. You
absolutely can have your cake and eat it too. :)
Wealth File #13
Rich people focus on their net worth. Poor people focus
on their working income.
This distinction has been wired into us from birth. What
do you want to do rather than what do you want your life to be
like. What do you make for a living rather than what is your
net worth. We talk about budgets and expenses, but we don’t
talk about, track or grow the other “key areas” of true success and
net worth.
These other areas, as Harv puts it, are things like Income,
Savings, Investments, Simplification…and I would add active and
passive income streams. I would highly encourage you to
always be increasing your active income (raising ceiling) while
actively growing your passive income through business, investments
and residuals.
No you might be saying, “George, I don’t have those other
areas and don't know where to start with investing or expanding my
business from a “job” to a “passive” income stream.” Well, it
doesn’t matter whether you are currently pursuing a course of
action or don’t know where to start…the bottom line is “where focus
goes, energy flows”. I didn’t have these either until I
prioritized finding the right ones and learning, growing,
networking, and developing them. That’s why i surround myself
with successful people. That is why you are listening to this
podcast.
The point I am trying to make is that you need to prioritize,
focus and spend time on your NET WORTH and you will see it grown.
This leads perfectly into the next wealth file.
Wealth File #14
Rich people manage their money well. Poor people
mismanage their money well.
If you don’t learn to manage your money well, then
your money will always run your life. Period. Obviously, this
means you need to learn to properly budget your money…even if it
seems like an overwhelming, boring or tedious task. And, you
need to learn to be “frugal” with your money. I know
most people view frugality in a bad way, but I’m saying you need to
learn the difference between things that are expenses vs
investments. You need to start “really and sincerely”
thinking about if you NEED that new car, watch, lifestyle or you
just WANT IT. When you start to plan an amazing life and
start to follow that plan through a filter of frugality, you can
create peace of mind, happiness, and amazing levels of success.
This is because we stop “wasting money” to impress
people that don’t really care about your lifestyle and wealth in
the first place.
A good friend of mine, Bill Danko…who wrote The NYT
Best Selling Book The Millionaire Next Door, discussed and showed
clearly that it doesn’t take a exorbitant amount of money to create
true wealth. He later went on to write another best seller,
called Richer Than a Millionaire, that adds the idea that you can
have Wealth and Happiness (which is better than just having
wealth). But, it takes a PLAN. It takes FRUGALITY.
It takes DISCIPLINE. It takes the CONSCIOUS DECISION to
Manage your Money WELL.’
In fact, Bill spoke at a recent High Net Worth
Investor Conference we did and he taught me something
I hadn’t heard before that leads right into the next
wealth file.
Wealth File #15
Rich people have their money work hard for
them. Poor people work hard for their money.
Bill talked about a gentleman named Franco Modigliani, who won
the 1985 Noble Prize in Economics. He won the Noble Prize for
his money life-cycle hypothesis. Basically, he said that
through your working years and being Frugal…saving money is
important so that you can build wealth…so that you can live
comfortably in your non-working years when you are older. In
other words: wen you are young, you WORK FOR MONEY…when you
are old, MONEY WORKS FOR YOU.
The problem is that NO ONE is saving money anymore.
People spend money on dumb stuff that doesnt build wealth
just to impress people that dont matter. Worse yet, they
spend money on things to make themselves feel good only to later
realize that these things only bring temporary satisfaction and not
long term happiness.
I know exactly how that feels and many of us can relate….can
you?
Thank you Bill for listening and reminding me of these
important principles.
Now, I know this is a long episode so hang in there with me
while we approach the finish line cause this stuff is super
important.
Wealth File #16
Rich people act in spite of fear. Poor people let fear
stop them.
I have adopted and combined a few different mentor teachings
on this topic because I feel its important. Prosperity Pillar
# 3 is ACT IN SPITE OF MY MOOD. Let’s really discuss this for
a second because this involves motivation, discipline and most
importantly FEAR. Are you letting fear stop you or is it
motivation, discipline or confidence.
Identify WHY and WHAT holds you back. Without doing this
you cannot overcome this mindset. But, I will highly
recommend one particular solution for you to consider….
You will be the average of the 5 people you surround yourself
with the most…Belief Transference, Confidence, Motivation, etc.
Got it?
Wealth File #17
Rich people constantly learn and grow. Poor people think
they already know.
This one is
self explanatory, but let me give you some examples…go through the
last couple months of this podcast….
I am
constantly learning, growing and developing. It’s what
drives me, creates fulfillment for me and
impact.
There is a reason for this…Its one of our 6 CORE HUMAN
NEEDS, like Tony Robbins talks about. I am going to be
covering the 6 Core Human Needs from Robbins next week so don’t
miss it, but the key to understand here is that if you are
not “growing” you are “dying”. If you are not
learning (and think you know it all), you will NEVER BE
RICH and SUCCESSFUL…at least not long term. 🙂
I hope you have learned a few things or
recommitted yourself to a few areas in your life.
I’d like to ask you a couple
favors….
1-sit down and review these wealth files and commit
to implementing them in your life.
2-get a copy of Harv Ekers book and read it. If
you cannot afford a copy then you really need to
apply them but call me and I’ll get you one.
3-Please, Please subscribe to this podcast and share
it with your friends. I don’t charge for my time and it
takes a ton of time. I only ask that (if you have
received any value) would you please share and get this message out
past our thousands of current subscribers.
Thank again for listening today. Have
an Amazing Weekend.
George Wright III