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Creating financial freedom for your self.

Show Me The Money: 10 Things I learned from Millionaire Mind

Money | September 3rd, 2008 by Carrie McCarthy

Money BlogI am not a group person, not easily swayed, not a ra-ra person, so it might be hard to imagine me singing to Whitney Houston with 1,500 other people and loving it. I had just completed The Millionaire Mind Intensive 3-day seminar, developed by bestselling author and multi-millionaire T. Harv Eker. Danielle and I did it with our husbands and we still occasionally stand up and yell, “I am an excellent money manager!” It was cheesy, T. Harv is cheesy, and by the end of the weekend most women had a crush on T. Harv.

I created my own definition of Financial Freedom: to be  making money while I sleep, to be creative, to be gracious and generous, to have lots of free time and make a difference. This three day workshop was free! (They make their money by inspiring you to sign up for more courses.)   The message is powerful and I highly recommend it.

Top 10 things I learned:

  1. Passive income: This was revolutionary for me imagine making money while not working; royalties from books, a screen play, parking lots, real estate, software, inventions, art, franchise, licensing. This is how you get financial freedom.
  2. Money comes from other people. So simple.
  3. To master money you must manage your money, don’t avoid or hide. Wealthy people spend time managing their money.
  4. It’s not the amount of your income, it’s what you do with your income The latte factor is based on the simple idea that all you need to do to finish rich is to look at the small things you spend your money on every day and see whether you could redirect that spending to yourself.
  5. Pennies matter: Picking up a penny is being respectful of money, a penny has worth.
  6. Rich people think long term, poor people think short term.
  7. What’s your relationship with money? What did you hear about money? “We can’t afford that, money doesn’t grow on trees, don’t talk about it…”
  8. Have play money no matter how little you have. Even though you may be  paying off credit cards, treat yourself to a movie, manicure…
  9. Clarity is power. Knowing what you want gets you what you want. Be very clear, paint a picture.
  10. Know your motivation to making money. Is it fear of losing money, proving you are good enough, or the joy of doing things you love? This one is golden!

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More money inspiration:
C&D Blog: What’s your purpose for money?
The Daily Q&A: How would you spend your last $20 bucks?

 

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