Secrets of the Millionaire mind | T. Harv Eker

secrets of the millionaire mind

Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth


T. Harv Eker

Short summary of Secrets of the Millionaire Mind

T. Harv Eker’s ‘Secrets of the Millionaire Mind’ is about mastering the inner game of Wealth. It has a load of totally fantastic information about wealth generation, and also staying wealthy.

Eker focuses on shifting the readers mindset from a ‘poor’ mentality into a ‘rich’ mentality; He teaches that rich people believe ‘I create my life’ whereas poor people believe ‘life happens to me’.

Secrets of the Millionaire Mind in a bit more detail

Eker points out that mindset is crucial to increasing wealth; desires lead to thoughts, which lead to words, which lead to actions, and actions lead to results.

Eker explains in part 1 how your childhood influences have shaped your own perception on finances, and cement you into your own financial reality. He explains that changing your financial situation means revising your ‘money blueprint’ and challenging some of your preconceived ideas about money that you learnt as a child.

Eker challenges readers to create declarations for themselves and state that “I have a millionaire mind” at repeated intervals in the book. Whilst that last one sounds a little cheesy, positive affirmations 100% do work, and I personally use them every day.

“All the statements you heard about money when you were young remain in your subconscious mind as part of the blueprint that is running your financial life”

T. Harv Eker

The crux of ‘Secrets of the Millionaire Mind’ are Eker’s 17 Wealth Files, which he believes you should revisit every month and include in your positive affirmations;

  1. Rich people believe ‘I create my life’. Poor people Believe ‘Life happens to me’
  2. Rich people play to win, poor people play not to lose.
  3. Rich people are committed to being rich; poor people just want to be rich.
  4. Rich people think big, poor people think small.
  6. Rich people admire success, poor people are resentful of others success.
  7. Rich people surround themselves with positive and successful people, poor people associate with negative and unsuccessful people.
  8. Rich people are self promoting and know their value; poor people think negatively about self promotion.
  9. Rich people rise above their problems, poor people are limited by them.
  10. Rich people are grateful receivers, poor people are poor receivers.
  11. Rich people choose to be paid on their results, poor people are stuck being paid for their time.
  12. Rich people think ‘Both’ or Win/Win, poor people think ‘Either/Or’ and ‘Win/lose’.
  13. Rich people focus on their Net Worth and assets. Poor people focus on their working income (money for time).
  14. Rich people manage their money well. Poor people mismanage money.
  15. Rich people make their money work for them, poor people work hard for their money.
  16. Rich people act in spite of fear, poor people do not act because of fear.
  17. Rich people recognise they are not experts and constantly learn and grow. Poor people close their mind because they think they know better.

Why Secrets of the Millionaire Mind is applicable to Financial Independence

Eker explains that whilst working is important, it is only one of four factors that determine your net worth. These are;

  1. Income – How much money you can earn (active AND passive)
  2. Savings Rate – How much money you can save (how cheaply you live!)
  3. Investments – How much money you invest, and how you do so (diversification)
  4. Simplification – How you automate and streamline your finances (hint hint ETF!)

When you read those four, it really makes sense how this book is directly applicable to Financial Independence. There is your money blueprint right there! Earn more, spend less, invest the difference automatically in simple, diversified investments!

A Captains warning

I don’t agree with some of Eker’s sentiment regarding ‘Fake it till you make it’. He espouses spending a lot of your money to try and socialise with and move around the inner circles of the rich – for example he suggests getting an expensive Tennis or Golf membership so that you can make friends with the Rich. Whilst I agree you should surround yourself with successful people (you never want to be the smartest or richest person in the room), wastefully flaunting and spending like this goes against my core principle of minimalism and efficiency.

Unfortunately the book leads into a sell for the expensive ‘Millionaire Mind Seminar’, where if online reviews provide anything to expect, more hard sales pitches occur which would indicate its more about separating you from wealth than generating it.

In this way, Eker is similar to authors like Kiyosaki and Allen who have slickly marketed and expensive financial self help books which could genuinely help you, but definitely help their bottom line!

With that major drawback out of the way, I still think its definitely worth a read but I personally wouldn’t buy the book (I borrowed a copy from the library). Just don’t sign up for any seminars or Ponzi schemes afterwards…

Where to buy a copy of Secrets of the Millionaire Mind

If you want to buy your own copy, you can get it in most libraries, bookstores or online

Check it out on Amazon, listen to it through Audible or buy it from Australia’s local bookstore Booktopia

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