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A quick review of the bestseller “Think Like a Millionaire” by Harv T. Ecker

Date : Aug 26, 2020 Category : E-Books
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The book is incredibly popular in the West. Since publication in 2005, she has received over 1200 reviews on Amazon (over 70% positive reviews). It became the # 1 bestseller according to the authoritative editions of the New York Times, Wall Street Journal and USA Today.

It is worth mentioning a few words about the author of the book. Harv Ecker is President of Peak Potentials Training, one of the fastest growing companies in the United States. And Harv made his first million in just two and a half years.

This book, as the title suggests, describes the basic principles of thinking for rich people. If you follow these principles, you can learn how to attract wealth and become financially independent.

What are the principles discussed in the book. Let’s take a look at 5 key ideas in our quick tour:

Learn to admire those who succeed and become rich. Avoid negative financial thinking patterns. Many people tend to be skeptical and envious of those above them on the social ladder. However, the author writes about trying to change skepticism to healthy curiosity. You can think of successful people as the ideal model to understand and study. Study the behavior strategies of wealthy people, watch the programs they are on, read their biographies, go to events that are usually attended by many successful people. Man is a social animal. A lot of information is deposited in our subconscious. Very soon, you will notice that your way of thinking has changed dramatically. You yourself will begin to think like a rich man.

Promote your personal brand is the path to financial success. Today it is not difficult to make many people know about you. It’s enough just to create a profile on social networks and communicate with successful people who are ready for this. You also need to remember to write about yourself, share your thoughts, and ask questions more often. You can also develop your personal brand through offline dating. The main thing is not to forget to remind yourself more often. The more people know about you, the greater the trust index will be in you and your company’s products.

Learn not only to give, but also to receive. Many people subconsciously feel that they are not worthy to have a lot of money, receive compliments, and pamper themselves. In contrast, the rich are the true recipients of goods. They do not feel embarrassed if they are given a compliment. They know they deserve every penny they earn. And they are ready to accept more. Learn to be a little selfish. Pamper yourself when you’ve achieved your goals. Become a receiver of life’s benefits.

Get paid for results, not hours worked. Most people work for companies that pay not for what they do, but for the hours actually worked. The advantages of this way of making a living is stability. You will always know how much you will earn and where you can spend this money. However, the flip side of the coin has many disadvantages: fixed earnings are a plateau. You will always be at the same level, you will not have growth. Instead, the author of the book recommends working for results. This way of earning has a very large monetary potential. Very often this method is chosen by independent people: entrepreneurs, sales managers, adherents of network marketing. It’s not an easy road, but by choosing it, you can earn your first million.

Learn to generate passive income. In total, the author of the book distinguishes between two types of income – passive and active. Active is the kind of income that comes only when you put in any effort to generate it. For example, go to work. In this case, the active income will be the salary. In contrast, passive is a way of earning money that is not influenced by your efforts. For example, an online store from which you can receive orders and payments even when you sleep. In the event that you do not want to take risks and open your own business, you can also become a generator of passive income.

For this you need:

  • Avoid unnecessary daily expenses.
  • Learn to economize wisely.
  • Set aside 10% of wages in reserve.

 

The money obtained from the savings and the reserve can be invested in various enterprises. However, this also needs to be done wisely so as not to lose everything overnight. To do this, the author advises to read financial literature, go to sites that write about finance and review financial markets, read forums and join thematic groups.

Raise a millionaire in yourself and you will see how slowly but surely you will take the path of wealth and positive change.

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