Successful people tend to achieve more than ordinary folks. And one may think what is that they do differently? Or rather, are they just different people with a higher EQ or IQ? According to author and entrepreneur T. Harv Eker, the only thing that is different about successful people is how they process their thoughts and the direction they give their ideas.
In his book, Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth (2005), Eker puts forward the idea that young people can improve on their habits and daily activities by learning from the critical habit successful people practice and have in common. It will give them a similar direction towards achieving their set goals, and they will also be able to increase their net worth by adopting the same financial management techniques and methods as practiced by the ones who have benefited the most from them.
Successful People Have Common Traits!
It is often noted that the wealthy generally may have different personalities and interests. However, there are specific values and beliefs that they have in common with other wealthy and successful people. The other socioeconomic groups, however, tend to have somewhat opposite opinions, which may be a reason why many of the lower and middle-class people are not able to improve their earning potential and opportunities.
Often as we reach adulthood, we have individual sets of ideas that dominate how we manage and see money, even the money-making opportunities. This psychological pattern is called a financial blueprint. It is not easy to change your economic blueprint because several factors contribute towards its creation, adding up on each other since your childhood. Even if someone is an ambitious, career-oriented individual who is studying strategies regarding investment and starting up businesses, they won’t be able to retain money in the long haul given they don’t alter their financial blueprints. One cannot change their attitude towards money unless they learn from the principles that are mutually followed by all wealthy people.
This kind of research and insight will help them identify their pattern of thoughts and pick out the faults with their attitude and dealings with financial matters. Once done with this, each person aspiring to be wealthy and successful should lay out their affirmations - and by repeating these days in and days out, they can march forwards towards their destination of success!
We will lay down some essential takeaways as pointed out by the author in Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth to help you can change your life around!
Takeaway 1 - Take Responsibility For Your Financial Situation
Taking responsibility and owning up to your decisions is a precious trait to have in life generally. And it is of the utmost importance when it comes to handling our finances. Rich people tend to internalize the fact that their actions reflect in their net worth. It helps them learn from any actions that caused them a loss of potential earning and gives them room to become better. Over time, this acceptance and habit of learning from failures can build confidence and problem-solving skills among them.
Takeaway 2 - Be Willing To Work From Your Dream Income - Don’t Settle For The Bare Minimum!
The people who are not among the wealthy are mostly content with making just enough to get by, something that keeps the wheel going. They have settled for the minimum use of their earring potential and are not willing to make any changes. However, someone who wants more will have the mindset where they know that earning more will require more effort from their end.
They will actively work towards improving their skill set and grow their revenue making tactics. Polishing your knowledge bank and devising innovative solutions to complex problems will set you apart from your peers and other people competing with you. Eventually, it makes you an invaluable asset to any organization you join and consequently improve your income by a mile!
Takeaway 3 - Use Your Talents And Abilities To Serve Others By Targeting More People!
The revenue you earn is directly proportional to the number of clients you can cater to by providing your service or goods. You need to be smart and use your craft in a way that gives you the maximum output from your given input. You may try to find people who have similar goals like you and form an alliance to increase your reach and your incomes!
Takeaway 4 - Find Innovative Ways To Deal With Challenges And Make A Revenue Out Of Them
Setbacks and challenges are inevitable. You cannot escape them, which is why you shouldn’t bother trying to. Having yourself ready to take on new challenges with a positive attitude can help you deal with them better and thus increase your chances of actually getting out of the sticky situations. The key to adapting this approach is by trying to adjust to small, day to day hurdles, and once you develop a habit of dealing with them, you will not be opposed to taking on more significant challenges; taking them as opportunities to grow further and earn better!
Takeaway 5 - Build Connections And Learn From Their positive experiences
The kind of alliances you have and the people that you frequently interact with will determine how you see things. Your perspective is highly dependent on the type of opinions and attitudes you surround yourself with. It is often observed that low-income people are quick to criticize the rich in their practices and habits. Instead of befriending people who are doing better than them, they dwell in jealousy and make no effort towards altering their patterns.
It is crucial that you are surrounded by people who are also working towards similar goals and are ahead of you in that process. It is better to learn from someone’s mistakes instead of committing each one of them yourself!
Why You Should Give It A Read?
This book has two distinct parts with an introduction and conclusion set out for you. This book will help readers in identifying and studying their specific savings and spending patterns. A look into how you are managing your finances and reflecting on how you can put yourself on a track where you continuously increase your earning potential!
Newly improved financial blueprints in addition to smart saving methods learned through Eker’s theories can help you master the inner game of wealth as well!