Over the last few years, I’ve steadily made more time to read personal development books, mostly dealing with spiritual and financial growth. I realized that my external circumstances wouldn’t change until my internal perspectives did. I grew up in a single-parent household where money was tight and resourcefulness was a necessity. I didn’t know the name for it back then, but I realized that as a child I learned about survival through a “scarcity, lack and limitation” framework. To go from a mindset of “there’s never enough for me” to “there’s more than enough for us all” was going to take some time, but I saw glimpses of abundance and gratitude in others’ lives that gave me hope, and motivated me to seek out guidance to turn my thought process from negative to positive.
If you’ve felt this way, either in your personal life, or your professional life, you know how frustrating and exhausting it can be to continuously live this way. You may find yourself saying things like “If I can just get through this month,” “I’m living paycheck to paycheck,” or the famous “I’m sick and tired of being sick and tired,” but not quite sure how to get out of rat race that’s full of worry, doubt, fear and anger. Here’s the answer:
It’s a matter of mind over money. If you want to improve your financial situation, you first need to improve your beliefs about money.
The pivotal book that helped me shift my money mindset from negative to positive was T. Harv Eker’s Secrets of the Millionaire Mind. I picked up a copy and was pleasantly surprised by how simple, but profound the concepts were. T. Harv Eker is very direct and transparent about his past financial failures and the lessons he learned that led to his current success. In other words, Eker keeps it 100% real.
The most useful parts of the book for me was the Money Blueprint and Wealth Principles. Eker writes:
“[Y]our financial blueprint consists of a combination of your thoughts, feelings, and actions in the arena of money….[this is based on] the information or ‘programming’ you received in the past, and especially as a young child.”
Once you’re aware of negative programming, you can begin to disassociate yourself with those old beliefs by replacing them with new beliefs. How? Eker has examples (Wealth Files) and short exercises (Millionaire Mind Actions) to help you shift your mindset and practice thinking and acting more positively about money.
Here are the top 3 life changing, MONEY GROWING principles I learned and adopted from this book:
- Wealth File #1: “Rich people believe ‘I create my life.’ Poor people believe ‘Life happens to me.’ This was basically how I thought in my early adult years.
- Wealth Principle: “Until you show you can handle what you’ve got, you won’t get any more!” We need skills to manage a little before we can successfully manage a lot. Crawl, walk, run!
- Money Management Method (p. 147): In summary, build the habit of good money management by faithfully depositing into 5 bank accounts:
- 10% goes to Long-term Savings account (e.g. general savings)
- 10% goes to an Education account (e.g. personal development books, etc.)
- 50% goes into a Necessities account (e.g. bills)
- 10% goes into a Give account (e.g. tithes and charity)
- 10% goes to a Play account (e.g. that’s right, this if for the fun stuff- restaurants, salons, clothes, etc.)
- 10% goes into a Financial Freedom account (e.g. investment account for passive income, NEVER to be spent, only invested)
The Money Management Method was a GAME CHANGER for me, and I believe it can work for you too. There are tons of books on the subject of financial prosperity, but “Secrets of the Millionaire Mind” was practical, with easy-to-understand, immediately actionable principles that brought me results. If you’re frustrated by your current financial situation, you have the power to change it for the better, and this book is one way you can start on the road to financial freedom today. Know better, do better- you deserve it!
I’d love to hear from you! How were you able to turn your financial situation into a positive? Comment below to share any tips, tools or best practices that helped you improve your financial life.