The Millionaire Mindset

Summary

The 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

00:00

💸 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.

05:01

🧠 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.

10:02

💡 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.

15:04

📈 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.

Keywords

💡Wealth conditioning

Wealth conditioning refers to the mindset and psychological preparation required to attract and maintain financial abundance. In the video, it’s emphasized that many people fail to accumulate wealth because they haven’t 'conditioned' themselves to expect and pursue it. This concept ties into the idea that success is a result of mindset as much as actions.

💡Negative associations with money

Many people subconsciously link money to negative outcomes, such as the fear of losing it, having to work too hard, or being judged by others. The video explains that these negative associations are often the root cause of people's failure to achieve financial abundance. For instance, some people believe that making money will detract from family time or that being wealthy makes them morally questionable.

💡Financial abundance

Financial abundance refers to having more than enough money to meet one's needs and desires. The video stresses the importance of making financial abundance, not just survival, a must. It's about shifting from a mindset of just getting by to actively pursuing significant wealth.

💡Role models

Role models in the context of the video are financially successful individuals whom others can learn from by studying their strategies and mindset. The speaker emphasizes modeling people who have achieved wealth, like Bill Gates or others who started from nothing, as a method for replicating their success.

💡Mindset of wealth

The mindset of wealth involves holding beliefs and attitudes that naturally attract financial success. The video outlines how wealthy people not only expect financial abundance but also find ways to achieve and sustain it. It’s a mental framework that conditions people to think and behave in ways that generate wealth.

💡Wealth wounds

Wealth wounds are mental or emotional blocks that prevent people from accumulating money. The speaker describes these as subconscious barriers, like negative beliefs about money or failing to develop a solid financial strategy, that 'bleed' a person’s financial well-being over time.

💡Effective strategy

An effective strategy refers to a well-thought-out plan for building and managing wealth. The video stresses that passion and desire for wealth are not enough; one must have a clear strategy that involves creating income, managing finances, and investing to generate more wealth.

💡Financial freedom

Financial freedom is the state where a person no longer has to worry about money because they have enough to support their lifestyle and future needs. The speaker frames financial freedom as the ultimate goal, where you have wealth working for you, allowing you to contribute to others and live without stress about finances.

💡Abundance mindset

An abundance mindset is the belief that there is enough wealth and success to go around for everyone. In the video, this mindset contrasts with a scarcity mindset, where people feel there isn’t enough wealth and therefore fear competition or losing what little they have.

💡Financial strategy

A financial strategy is a systematic approach to creating and managing wealth, such as investing or leveraging money to work for you. The video emphasizes the importance of developing a personal strategy that fits one's goals and consistently following through with that plan to ensure long-term wealth.

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]