Book Review: Secrets of the Millionaire Mind

How many times have you wondered why some people get rich with so much ease while the majority toil hard but are still destined for a life full of financial struggle?

Well, this book titled “Secrets of the Millionaire Mind” helps you decode this question.

The author of the book, T.Harv Eker, is a motivational speaker and sells online courses on how to start a business.

In this book, he makes a point that we all have pre conceived notions related to money (which he terms as our money blueprint) and it is this money blueprint that directs our financial life and success.

You may be highly educated, extremely sharp and smart and with great work habits, but if your money blueprint is not set for high level of success, you will always struggle financially.

In this state, you will even lose your wealth though you may be earning good.

In short, to become wealthy, you have to adopt a framework to think in ways that will support your happiness and financial success, instead of ways that don’t.

Through this book, Eker brings home the importance of working on the roots (your approach to handling wealth and money) than on the fruit (the money itself).

While this money blueprint is a result of your upbringing and the environment, good thing is that you can reset and revise your money blueprint with constant practice and action.

No doubt there is lot of hard and smart work required on your way to become financially successful, this money blueprint helps you prioritize your action.

So what is this Money Blue Print & Secrets of the Millionaire Mind all about?

Eker explains the concept with the help of 17 wealth files that constitute your attitude toward wealth creation.

These wealth files are nothing but common sense, but as we all know…. Common Sense is Not so Common.

He explains each wealth file with lots of anecdotal evidences and examples which are very insightful to read.

Below, I have written a summary of each Wealth File.

While my short explanations don’t do justice to the detailed chapters which Eker has written on the subject, they will definitely help you understand the larger context of the book before you pick it up for reading.

Wealth File #1

Rich people take responsibility for what’s going on; poor people play the victim card (blaming everybody, justifying their loss or constant complaining).

Action item

Don’t complain but take ownership of whatever happens to you in your life.

Wealth File #2

Rich people play the money game to win; poor people play the money game not to lose.

Idea is that if your goal is to become comfortable, you will never become rich.

But if your goal is to become rich, you will definitely end up being comfortable.

Action item

Move out of your comfort zone, take risks and try out new sources of income.

Wealth File #3

Rich people are committed to being rich while poor just want to be rich.

Don’t just wait to become lucky, commit to be rich (which comes in form of action).

Action item

Go out and take action that aligns with your thought process.

Wanting and choosing to be rich won’t take you anywhere, only your actions will.

Wealth File #4

Rich people think big while poor people think small.

Small thinking and small actions lead to being both broke and unfilled.

Big thinking and big actions lead to having both more money and more meaning.

Action item

Don’t be scared of failure, and even more sacred of success.

Try big; ask for more; be bold.

You will be paid in direct proportion to the value you bring to the marketplace, so take steps that will help you deliver that value.

Wealth File #5

Rich people focus on opportunities; poor people focus on obstacles.

Rich focus more on making, keeping and investing their money.

Poor focus more on spending their money.

Action item

If you find an opportunity, focus on how to make it happen than the problems that you will face.


Wealth File #6

Rich people admire other rich and successful people.

Poor people resent (and sometimes loathe) rich and successful people.

Action item

Resenting the rich is sure shot way to stay broke.

Make friends with rich people and try to learn from them.

(Fact check: Instead of being awestruck, if you hate Baba Ramdev/ Patanjali just because a yogi shouldn’t be doing business, you already know your money blueprint).

Wealth File #7

It’s not what you know, it’s who you know.

So focus on networking.

Remember, rich people associate with positive and successful people so that they can catch the energy.

Similarly, poor people associate with negative and unsuccessful people so that they can learn how to blame others for their own lack of success.

Action item

Network with people who enthuse positivity and energy in you.

Wealth File #8

Rich people are willing to promote themselves and their value.

Poor people think negatively about selling and promotion.

Action item

To be successful, be eager to promote yourself and your philosophy. Selling is not bad, over selling is.

Wealth File #9

Poor and unsuccessful people are problem oriented.

They spend their time and energy bitching & complaining and seldom come up with anything creative to alleviate the problem.

Rich people, instead, grow themselves so that they are bigger than their problems.

Action Item

The road to wealth is fraught with traps and pitfalls and that’s precisely why most people don’t take it.

Stop avoiding problems.

Instead, start focusing on the size of you so that the problem is dwarfed.

Wealth File #10

Rich people are excellent receivers while poor people are poor receivers.

Most of us have low self-esteem and courage, and we often fear success and being judged (e.g. what if my visitors don’t like my content?).

Action item

Don’t feel unworthy and undeserving.

Don’t let your mind make you believe that you are poor.

Be willing to ask, and ask for more.

Remember, if a hundred foot oak tree had a  mind of a human, it would have grown only to ten feet.

Wealth File #11

Rich people choose to get paid based on output while poor people choose to get paid based on their time.

And that puts a ceiling on your income and your chances to becoming rich.

Action item

There’s nothing wrong with getting a steady paycheck, unless it interferes with your ability to earn what you are worth of.

That’s the reason why people in CXO level position are paid in direct proportion to the impact they make rather than the time they invest.

Wealth File #12

Rich people think in terms of ‘both’; poor people think in terms of ‘either/or’.

As a poor/middle class individual, we are often made to think in a way that we can either choose money or other aspects of life.

Consequently, we have rationalized a position that money is not as important as other things.

While money may not be an end, it’s definitely a means to achieve an end.

Action item

Money is a lubricant.

It helps you slide through life instead of scraping through.

So don’t believe in the stuff that you have to sacrifice making money if you want to enjoy other aspects of life.

Instead, focus on making enough money so that you can enjoy other aspects comfortably.

Wealth File #13

Rich people focus on their net worth; poor people focus on their working income.

The true measure of wealth is your net worth, not how much you make.

If you make 1 lakh a month but spend every single penny, you are and will always remain poor.

Action item

Focus on all 4 factors of increasing your net worth:- a) increase your income b) increase your savings c) increase your investments e) decrease your cost of living by simplifying your lifestyle.

Wealth File #14

Rich people manage their money well; poor people mismanage their money well.

Action item

The habit of managing money is far more important than the amount you are managing.

Until you show you can handle more, you won’t get more.

Wealth File #15

Rich people have their money work hard for them; poor people work hard for their money.

What it means is that working hard should be a temporary phase of your life if you really want to be financially successful.

What should follow is your money working hard for you.

That’s the way to achieve financial freedom.

Action item

Spending money you don’t have comes from expanding emotions you do have.

Have your mind and money under control.

Focus on building sources of passive income to support your expenses.

Wealth File #16

Rich people act in spite of fear; poor people let fear stop them.

Fear, doubt and worry are amongst your 3 biggest obstacles.

And only action can help you alleviate them.

Action item

If you are willing to do only what’s easy, life will be hard on you.

Remember, your comfort zone defines your wealth zone.

So get comfortable with being uncomfortable and train your mind to work for you instead of against you.

Wealth File #17

Rich people constantly learn and grow. Poor people think they already know.

So if you are not really rich and happy, there’s a good chance you still have lots to learn.

Accept your shortcomings and work towards achieving knowledge.

Action item

Don’t go on proving that you are always right.

Instead focus on learning things you don’t know about.

And if you think education is expensive, try ignorance.

Always remember; the more your learn, the more you earn.

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Written by Raj Chhetri


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