Why we need to get money and wealth
} We exist in 3 realms at same point: Body, mind and spirit
} Full expression of all three is important, none is less important than the other
} Expression by the 3 requires material (money)
- Body- good food, clothes, recreation (rest) & shelter
- Mind- needs learning, observation, fellowship, captivation, objects of art
- Spirit – need to express love through giving, worship to God, ministry to others
Why we need to recondition our minds for wealth
} How you think affects how you act, and the results you get (cause and effect)
} Financial success begins with your mind (As a man thinketh in his heart, so is he. Prov. 23:7)
} God has given potential at birth in the mind – to create, manage and grow things that you desire (incl. wealth).
} Our upbringing, belief system, culture, shapes how we think about money
} We learn how to think through observation, hearing & doing
In his book, Secrets of the Millionaire Mind: Think Rich to GetRich!, T. Harv Eker lists seventeen ways in which the financial blueprints of the rich differ from those of the poor and the middle-class. According to him:
- Rich people believe: “I create my life.” Poor people believe: “Life happens to me.”
- Rich people play the money game to win. Poor people play the money game to not lose.
- Rich people are committed to being rich. Poor people want to be rich.
- Rich people think big. Poor people think small.
- Rich people focus on opportunities. Poor people focus on obstacles.
- Rich people admire other rich and successful people. Poor people resent rich and successful people.
- Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people.
- Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
- Rich people are bigger than their problems. Poor people are smaller than their problems.
- Rich people are excellent receivers. Poor people are poor receivers.
- Rich people choose to get paid based on results. Poor people choose to get paid based on time.
- Rich people think “both”. Poor people think “either/or”.
- Rich people focus on their net worth. Poor people focus on their working income.
- Rich people manage their money well. Poor people mismanage their money well.
- Rich people have their money work hard for them. Poor people work hard for their money.
- Rich people act in spite of fear. Poor people let fear stop them.
- Rich people constantly learn and grow. Poor people think they already know
The Top 10 Distinctions Between Millionaires and the Middle Class book by Keith Cameroon Smith points out:
- Millionaires think long-term. The middle class thinks short-term.
- Millionaires talk about ideas. The middle class talks about things and people.
- Millionaires embrace change. The middle class is threatened by change.
- Millionaires take calculated risks. The middle class is afraid to take risks.
- Millionaires continually learn and grow. The middle class thinks learning ended with school.
- Millionaires work for profits. The middle class works for wages.
- Millionaires believe they must be generous. The middle class believes it can’t afford to give.
- Millionaires have multiple sources of income. The middle class has only one or two.
- Millionaires focus on increasing their wealth. The middle class focuses on increasing its paychecks.
- Millionaires ask themselves empowering questions. Middle-class people ask themselves disempowering questions.
Notice the similarity of these distinctions with those by Harv T. Eker.