The Millionaire Mindset
Summary
TLDRThe speaker discusses the mindset and strategies required to achieve financial abundance. They argue that the primary reason people struggle financially is due to negative associations with money and the failure to make wealth a priority. They stress the importance of conditioning oneself for wealth, developing effective strategies, and consistently following through. By using successful role models and eliminating limiting beliefs, individuals can break through financial barriers. The message encourages taking immediate action and making wealth an essential goal, ultimately leading to financial freedom and a fulfilling life.
Takeaways
- 💡 Wealth is conditioned: If you're not financially abundant, it's because you haven't conditioned yourself for wealth.
- 💸 Money is an emotionally charged issue: People either love or despise money, which affects their financial well-being.
- 🧠 Negative associations with money: Many people subconsciously associate pain or negative consequences with wealth, which hinders financial success.
- 📚 Mindset of wealth: Wealthy people have a specific mindset that allows them to expect and find ways to build and maintain wealth.
- 💼 Role models matter: Learning from successful individuals is key to understanding how to build and maintain financial abundance.
- 🎯 Financial abundance must be a priority: To achieve wealth, one must make it a priority and not just something optional.
- 🔧 Effective strategies are necessary: Passion alone is not enough—developing strategies to create, manage, and grow wealth is essential.
- 📊 Consistency is crucial: Having a plan is important, but consistent execution of that plan is what drives financial success.
- 📈 Model success: Wealth can be learned through modeling the habits and strategies of financially successful people.
- 🌱 Take action: Small, consistent steps, such as making calls, reading books, or learning new skills, build momentum toward financial success.
Q & A
What is the main reason people fail to achieve financial abundance, according to the speaker?
-The speaker believes the primary reason people fail to achieve financial abundance is because they have not conditioned themselves for wealth. Many people associate negative emotions with money, which prevents them from attracting and maintaining financial success.
Why is money such an emotionally charged issue for people?
-Money is emotionally charged because it represents more than just a means of exchange—it symbolizes value, success, and security. People have different associations with money, either viewing it positively as a goal or negatively as something evil or suspect, influenced by cultural, religious, and personal experiences.
What does the speaker identify as a key factor in financial success in today's world?
-The speaker highlights the importance of having the right mindset and conditioning yourself to expect and create wealth. He emphasizes that financial success comes from modeling the behaviors of wealthy individuals and adopting a mindset that views wealth positively rather than associating it with negative connotations.
What are some common negative beliefs people hold about wealth?
-Common negative beliefs include thinking that earning money requires too much hard work, that being rich might lead to unhappiness or corruption, that success comes at the expense of others, or that having wealth could negatively affect personal relationships and spiritual values.
How can negative associations with money affect financial success?
-Negative associations create mental barriers that prevent people from pursuing or maintaining wealth. For example, someone might sabotage their financial growth out of fear that becoming wealthy will lead to judgment from others or require too much hard work, ultimately linking wealth to pain rather than pleasure.
What is the second 'wealth wound' that the speaker discusses?
-The second 'wealth wound' is the failure to make having an abundance of money an absolute must. Many people don't succeed financially because they haven't set clear financial goals or made financial abundance a top priority in their lives.
Why is developing an effective wealth-building strategy crucial, according to the speaker?
-An effective strategy is crucial because passion and desire alone are not enough to build wealth. You need a clear plan for how to attract, manage, and invest money. Without the right strategy, even enthusiasm won't lead to financial success.
What role does modeling successful people play in wealth creation?
-Modeling successful people allows individuals to learn the strategies and behaviors that have worked for others. By observing and replicating the actions of those who have achieved financial success, individuals can adopt similar strategies to build and maintain their own wealth.
What does the speaker suggest doing to follow through on a wealth-building plan?
-The speaker advises making consistent small steps every day toward wealth-building goals. Success comes from regularly following through with actions that align with your plan, whether it's learning new financial strategies, investing, or managing your money better.
How does the speaker suggest using wealth to enhance life and contribute to others?
-The speaker suggests that wealth should not only be used for personal enjoyment but also as a tool for contributing to the lives of others. By creating value for others through wealth, people can experience joy and fulfillment while positively impacting their communities.
Outlines
💸 The Key to Financial Wealth
The speaker explains that financial abundance comes from conditioning oneself for wealth. He highlights that the main reason people don't have enough money is their failure to condition themselves. Money, despite its emotional charge, is simply a means of exchanging value, and understanding this is crucial. The speaker also delves into why many people fail to achieve wealth in a world full of financial opportunities. By modeling the behavior of financially successful people, especially those who started with little, one can adopt the mindset required for wealth.
🧠 Negative Associations with Money
People often fail to attract wealth due to subconscious negative associations with money. These include beliefs like needing to work too hard, fear of losing time with family, or the idea that money requires exploiting others. Many individuals fear being judged for having wealth or believe that wealth is inherently corrupting. The speaker emphasizes that these negative thoughts hinder financial success and suggests that breaking free from these limiting beliefs is crucial for achieving wealth.
💡 Making Wealth a Necessity, Not an Option
The speaker introduces the idea that for most people, having abundant wealth is not seen as a necessity but rather an accessory. To succeed, individuals need to shift their mindset and make financial abundance a priority. This involves setting a specific financial target that exceeds basic needs and committing to achieving it. The speaker stresses the importance of not just earning enough to get by but creating a massive financial cushion.
📈 Developing an Effective Wealth-Building Strategy
Simply wanting money is not enough. The speaker explains that without an effective strategy, even the most passionate efforts will fail. Wealth-building requires a plan that involves generating initial income, managing money effectively, and investing it to multiply. The strategy should also include ways to give back and share wealth, as this brings greater fulfillment. The speaker underscores the importance of learning from successful people and modeling their strategies to create sustainable wealth.
🎯 The Importance of Consistent Action
Even with a solid wealth-building plan, many people fail because they don't follow through consistently. The speaker notes that people often attend seminars or read books on getting rich but never take the necessary steps to implement what they've learned. He advises listeners to take daily actions, however small, to build momentum toward financial abundance. Consistency is key to maintaining progress and avoiding financial setbacks.
🔍 Financial Check-Up: Identifying Beliefs and Setting Goals
The speaker encourages listeners to reflect on their financial beliefs and identify any that might be holding them back from achieving wealth. He suggests creating a specific financial goal that exceeds basic survival and developing an effective strategy to achieve it. The speaker urges listeners to commit to taking consistent actions and to start their journey toward financial freedom by addressing any negative financial beliefs.
🚀 Begin Your Path to Financial Freedom
In the closing remarks, the speaker challenges listeners to mark the day as the start of their financial freedom journey. He encourages them to take immediate action, however small, to show commitment to their financial goals. By eliminating financial 'wounds' and adopting new habits, individuals can expand their wealth and serve as role models for others. The speaker concludes by emphasizing the importance of enjoying the process and living with passion.
Mindmap
Keywords
💡Wealth conditioning
💡Negative associations with money
💡Financial abundance
💡Role models
💡Mindset of wealth
💡Wealth wounds
💡Effective strategy
💡Financial freedom
💡Abundance mindset
💡Financial strategy
Highlights
If you do not have enough money in your life, there's one primary reason: you have not conditioned yourself for wealth.
Money is a representation and a measure of value exchange between people.
The reason most people fail financially is because they associate negative things with having excess money.
In order to succeed financially, you must condition yourself to change your feelings and beliefs about money.
The second reason for failure: most people never make having an abundance of money a must.
Develop a strategy to build wealth, including attracting money, managing it, and sharing it for greater joy.
Modeling successful people financially can help you turn your life around and achieve wealth.
One of the most critical strategies for wealth building is getting your money to work for you, not you working for money.
Failure to follow your financial plan consistently is one of the biggest reasons for financial drain.
People often don’t follow through with wealth-building strategies because they don’t condition themselves to take small steps consistently.
Make sure to identify and challenge any limiting beliefs that may be holding you back from financial abundance.
Develop a specific financial goal that is beyond bare necessities and make it an absolute must.
An effective strategy for financial success involves finding ways to earn money even while you are sleeping.
Daily actions and consistent follow-through are key to achieving long-term financial success.
Let financial abundance be a tool for positive influence, both for yourself and others.
Transcripts
higher
I want to talk to you today about what I
think it really takes to become wealthy
in financial terms specifically we're
going to talk about today how to
condition yourself for wealth because
I'm going to make a statement right now
that may sound like an
oversimplification to you but I have to
tell you that it's true in my experience
and my experience is how to shift myself
and other people's finances from
struggling the absolute total abundance
and that statement is this if you do not
have enough money in your life there's
one and only one primary reason you have
not conditioned yourself for wealth and
I'm going to show you exactly how to do
that let's start with a little
understanding about money first of all
when you talk about money have you ever
noticed what an emotionally charged
issue it is for people I mean people
usually go one extreme or the other
either it's like real positive for them
and they get real excited or they say
yeah I want to be able to make some
money I want to make things happen in
that area or you see the direct opposite
extreme where people literally have
contempt for it as if it was something
evil or suspect something that you
should avoid at almost all costs and
that usually shows up obviously and
their lack of that economic well-being
why is it such an emotional issue for us
well we could spend several days just
analyzing all the associations that have
been attached to money throughout the
years both in religious terms as well as
in business terms all the experiences
that we've had but the truth is money is
nothing but a representation a means to
measure the exchange of value between
people
so one of the questions that I've asked
myself is why do so many people fail to
Achieve Financial abundance in a country
where Financial opportunity surrounds us
literally at every moment it beckons to
us and yet most of us never do that we
never create the financial abundance we
deserve to have so I asked the question
why not why don't people succeed
financially out of that question I
started getting some answers on my own
but I also started getting Answers by
going out and modeling some of the most
successful people in the world
financially people that are in the 100
million to billion dollar class I
figured hey if I'm gonna get some
answers these people can tell me and I
looked for people specifically in that
area who have made it financially on
their own people have started with
little or nothing ideally and by the way
there are many more than you realize we
live in a country where people can
generate net worth of a hundred to five
hundred million dollars starting with a
little idea for a computer in their
garage
or where somebody can go to IBM as a
young kid and become a billionaire by
his mid-30s an example of Bill Gates so
there are lots of role models of
unbelievable possibility and you may say
well that's not my goal I can appreciate
that but these people certainly know how
to create and build wealth and more
importantly maintain it you know years
ago there was a book written called
Think and Grow Rich and I'm sure you've
heard of it you probably read it as well
it's one of those very first books that
I read when I first started reading
personal development material and you
know the book was based on the research
done back in the early 1900s when Andrew
Carnegie asked Napoleon Hill to actually
make a study of what it takes to build
wealth and my own work in this area
could be called they can go Rich today
because that is in today's society with
today's distinctions and today's
technology what is today's approach to
Building Wealth what really makes the
difference financially today and what I
found is there are certain distinctions
that have not changed because the
building of wealth is fundamental and so
a big part of my research has been what
is the mindset of wealth what does it
allow certain people to not only expect
it but find a way
so the obvious question is what is the
number one reason why most people fail
financially and the answer is so simple
that it eludes most of us it's because
we associate negative things to Having
excess money in fact the word excess by
itself for most people is a negative so
I wonder why we don't ever have it the
very thing I talk to you about here
earlier in this program the thing that
runs our whole life is the two things
what are they anything we associate pain
to we're going to avoid especially if
it's major pain and anything we
associate pleasure to we're going to
move towards now you may again say well
Tony what are you talking about of
course I associate pleasure to making
money because if I had money then I
could only have more time to be with my
family I wouldn't have to work at
certain things or if I had money I could
give certain things that are really
important to me or I could support a
specific charity I believe in or you
know what I could travel or I could just
do whatever I wanted as quick as I
wanted or I could have the ultimate
wardrobe or jewelry or I could have
favorite cars or homes whenever I wanted
them I could learn to fly or Master any
skill or hire the best teachers the best
coaches of course I want money
if you don't have it you're right you do
want but not bad enough because while
you want it you have an approach
avoidance you also simultaneously have
all the negative associations and we
alluded to these earlier I don't know if
you remember them but I want to remind
you repetition being my mother of skill
what are some of the negative
associations that people sometimes Link
in their subconscious mind to money is
that keep them from literally attracting
it or they start to attract it and then
their brain gets scared and says oh my
God this might lead to pain and then
sabotages it well some of them are
things like in order to make it I'm
gonna have to work so hard I'll have no
time to enjoy it so why even try
or gosh by the time I earn a lot of
money I'll be old and gray anyway so why
even go after it or to make money you
got to be really smart and I'm not smart
enough
or to make money you have to take
advantage of other people I could never
do that
or something like well gosh you know if
I made money I wouldn't have any time to
be with my family or if I made a lot of
money people will start judging me or if
I make a lot of money well then I'll
just have to pay more taxes and then the
IRS will be after me and then what'll
happen people usually worry about these
things and people have no money at all
to start with they knock themselves out
of the game before they even get to bat
or if I make a lot of money I probably
won't be as spiritual I mean I'll get
sucked in and of course I remember
reading the Bible it said you know it's
easier for a camel to get through the
eye of a needle than the rich man to get
into heaven and gosh you know it's hard
for camels to get through needles
classic misinterpretations like that
cause people to live in experiences of
lack and I don't know of any place in
the world where when people feel like
they're living in lack where they feel
like they don't have enough where that
encourages the highest level the human
Spirit to come out on a consistent basis
now I might be wrong about that but I
gotta tell you wherever I see lack I see
crime in Mass wherever I see lack I see
people trying to escape with drugs
wherever I see lack I see people taking
advantage of other people and making it
okay justifying it by why had to survive
I don't think whack brings out the best
in the human spirit I think when we have
abundance what happens is we stop
focusing on ourselves and how we're
going to survive and we have enough to
start focusing on who we really are
which are human beings or spirits that
are here to contribute and I think when
you're in a position of trying to
survive your focus is on you when you've
learned to handle that message when you
really know you've got your act together
and you don't have to worry anymore it's
much easier for people to look at how
can I contribute to my fellow man now
I'm not saying that you can't come from
a position of lack and be a contributor
obviously you and I can name name after
name of people who've been able to do
this and are a role models of
possibility even though they grew up
with nothing financially and never had
anything so I'm not saying money's the
only answer I'm just saying in this
culture in this time if you had a choice
between having it or not having it why
not go for it and have it too why not
use your money as a powerful tool for
positive influence in the people's lives
you care about as well as your own and
enjoy having it get off the guilt trips
that have stopped you in the past it is
that sense of guilt that if you have
more money than somebody else what if
you need more money than your father oh
my gosh God what a wound that would be
it's that kind of thing those negative
associations that are keeping you from
having what you want so if you do not
have all the money you want your life
you associate more pain to having more
money than you have now than not having
it it's that simple now with the
technology that we've learned you can
condition yourself to change those
feelings and those beliefs but I want
you to know that is the number one
reason that most people don't succeed
financially according to people that are
most successful in the world at
obtaining maintaining and Building
Wealth
here's the second wealth wound and by
the way I picked those words very
specifically I want to get a clear
picture that if you don't master and
handle the seven things I'm about to
talk about then every single day you're
probably experiencing a financial
bloodletting what's happening is you are
experiencing the pain on an ongoing
basis of wounds things that are
literally dripping out of you your own
Financial well-being and there's no
excuse for it you can handle it easily
and quickly here's the second one the
second reason these people say and have
told me thus far that people do not
succeed financially is not only do they
have negative associations to money but
even if they have okay associations they
never make having an abundance of money
an absolute must interesting distinction
I'm not saying love money and make it
your God because that's the way to
absolutely be certain that you fail in
life that you destroy everything that's
valuable but what I am saying is make it
a priority so you get it handled and
make the priority not just getting by
make the priority massive abundance and
come up with a specific Vigor you hold
yourself to you've got to have a certain
level of finances that you must be at if
you ever vary you got to do something
about it immediately otherwise you get
caught up in what we call niagara's
current right where day to day you just
get caught up in making a living and
doing things and putting things off and
it doesn't happen so the only way you're
going to succeed financially is when you
decide on a specific amount of money
that you must have in your life and it
must be well beyond what your absolute
needs are so in other words what I'm
asking you to do is take something that
seems right now to be an accessory money
and make it a necessity find an amount
of money that would be considered
abundant and make that not only abundant
but a necessity in your life you follow
me that's critical if you're gonna have
long-term wealth financially and if you
don't do this there's no way you'll be
able to have the amount of money I know
you'd like to have in your life
the third major wealth wound that drains
most people drive financially in fact
keeps them from ever developing a great
deal of wealth in the first place is
suffering from the problem or falling
into the Trap of never ever developing
an effective strategy on how to build
wealth in the first place
I mean listen if all it took to succeed
financially was for you to associate
lots of pleasure to having money pain to
not having it in other words you really
made it a must and that was it and we'd
all have it but see that isn't enough if
that's all it took in life to succeed
was absolute passion for something then
every kid would have had a pony when he
was growing up that's not quite enough
you've got to have an effective strategy
hey if you're running East looking for a
sunset you got a problem I don't care
how enthusiastic you are so you've got
to develop strategies on how to one
attract money into your life in the
first place how are you going to create
that initial income to how to manage
that money so that you can invest it and
get money to be your slave instead of
you being the slave to money in other
words get your money to make you more
money so it's not taking more of your
time and physical effort but where you
literally begin to leverage yourself and
then three strategies that I had to
share money so it gives you a tremendous
amount of Joy because to me that's a
strategy that's critical also otherwise
why are you going to keep getting it
your brain has got to link pleasure to
it or it won't continue to work for it
and if you can learn to share it with
people I've found that yes giving
yourself things is fabulous and you
should do that but if you can also share
that it'll give you even more joy it'll
give you all those pleasurable feelings
you've really wanted those are three
strategies that are critical so how do
we go about mastering these strategies
where do we come up with this I mean we
weren't taught this in school that's for
sure no one said hey take wealth
building 101. so how do we go about it
and the answer is simple we use modeling
you remember one thing I talked to you
about earlier that has helped me to be
effective in various areas of my life is
been getting Role Models finding people
that are effective and finding out
exactly what they do that's all you have
to do in this area as well you need to
find people that are successful
financially and find it exactly what
they do on an ongoing basis that creates
that success in other words they aren't
just lucky in order to get this result
they're doing certain things on a daily
basis and it's a lot simpler than you
can imagine hey I turned my entire life
around financially in less than 12
months I was the guy in that 400 square
foot bachelor apartment 12 months later
at a million dollar net worth that's not
a small turnaround I moved my little 400
square foot bachelor apartment to my
castle all of that came from modeling
successful people financially you can go
and meet these people directly and model
them yourself you can find people in
your own neighborhood people around you
have done extremely well and find out
exactly what they're doing that makes it
work become like an investigator become
like a hunter and your prey is now
wealth and what you're going to do is
stalk it you're going to study its
habits you're going to notice where it
goes really follow this prey and then
don't kill it make it your pet
take it home make it your friend take
good care of this pet and this pet will
take really good care of you gosh if you
can make earning money and developing
wealth fun you can't believe what will
happen in your life it doesn't become
your whole Focus but it becomes a part
of what creates joy for you in life and
while you're doing it by the way you're
adding value to other people's lives
because the only way you can possibly
make money is to create an exchange of
energy and value for other human beings
that's the only way it can be done
and by the way once you've really
studied and you have developed a plan to
develop wealth the only thing you're
going to need in addition is a good
vehicle and again part of your plan
should be how to get that vehicle how to
develop something for you so the earning
money even while you're sleeping how
would you feel then instead of feeling
like every day the things you had to do
just to keep up just to support your
family just to have a certain level of
Lifestyle so developing not only a plan
but the right vehicle is very very
important and again that's things that
we teach and things you can learn on
your own by modeling other people but
that is wealth rule number three failure
to get an effective strategy for
consistent wealth building
here's wealth wound number four this
one's pretty simple failure to
consistently follow your plan once it
gets set up
see there are people who actually have
developed a good plan they've got some
good Role Models they worked really hard
they've studied finances but they don't
get themselves every single day to
follow through like for example I'm sure
you've heard about all the different
kinds of programs where people teach
people how to get rich overnight and you
know what some of them really would work
a lot of them don't obviously a lot of
them are scams but some of them really
do work the problem is people don't work
them they go to a seminar and they learn
how they're supposedly going to build
something financially but they never
follow through it's mind-boggling but
the problem is they don't have what
we're teaching you which is how to get
yourself to follow through how to
condition yourself so you consistently
take those small steps that create huge
financial abundance I want you to take
out your success Journal right now and I
want you to give yourself a financial
checkup see if there's any place where
you're wounded or you need to heal
yourself and quick how do you do it
start with number one ask yourself
specifically what are some of the
beliefs that I have that are probably
keeping me from increasing my personal
wealth from attracting Financial
abundance what are the beliefs of God
about that that are probably holding me
back making me feel like oh God that
wouldn't be right what are they and
identify them question number two
remember we said the reason people don't
succeed they don't make having Financial
abundance a must Financial survival is a
must but not abundance so ask yourself
the question do I have a specific amount
of money that I have selected that is
well beyond my bare necessities
something that would represent
massive Financial abundance that I
absolutely am committed to having that I
have made a must and if not you need to
design that number and you need to get
yourself to make it important enough
that you will make this happen no matter
what
three
do I have an effective strategy to build
my wealth and to absolutely achieve
those goals and surpass them if the
answer is no I want you to commit to do
something today to find out more write
somebody call somebody talk to somebody
and find out what are some initial steps
you can get to master your finances
don't put it off even one day this is
critical four practice what we're
talking about here get yourself once you
have the plan analyze have you in the
past gotten yourself to follow through
consistently if the answer is no please
use what you're learning here on how to
get yourself to follow through to use
your personal power and just do a little
bit each day just like we're doing here
we're taking things a little step at a
time each day but each day Builds on the
day before give yourself that benefit
so let this day be a brand new beginning
for you take some action today that
shows that what we've been talking about
is real for you so your brain starts to
say hey he or she means it they're gonna
follow through this time let's get some
momentum because the little action's a
phone call a book a tape a seminar an
action something will get you on a roll
so make it a day of New Birth in the
financial realm a new dawning of your
financial stability and your financial
power and let yourself start to become a
role model for the people around you of
what abundance is mental emotional
social physical spiritual and financial
that's really my message to you go
through those seven questions take a
real good look eliminate the wounds and
let's move forward so take my challenge
today mark this day as the beginning of
your ultimate Financial Freedom and have
some fun with it enjoy the process let's
expand our minds let's attract all the
money you deserve let's move our life to
a brand new level and most importantly
let's live with passion
[Music]
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