The Millionaire Mind Support Network

Notes and thoughts concerning T. Harv Ecker’s Speed Wealth™
“How to Make a Million In Your Business In 3-years or Less”

Power Principle # 2
You Have To Position Yourself for Wealth
Creating wealth is not about dreaming, it’s about KNOWING you will get there!

Creating real wealth is not about getting a better job. The “20th-century, graduate from a good school / get a secure job / save / invest / equates to a comfortable retirement-model”, is simply not a viable option in today’s mobile-global economy.

In this economy, positioning yourself to create personal wealth is about starting and successfully growing a business. Sustained, successful self-employment is NOT a business enterprise. If billable hours or product sales stop in your absence, you have not established a business…you have developed a well-paid position from which you can’t be fired. However, your customer-base or market conditions can still “down-size your position. Developing a business model that creates massive, passive income is the fastest way to position yourself for wealth.

Millionaire Mind Intensive graduates know that personal and professional integrity is the foundation of any successful enterprise. Positioning yourself for wealth starts with critical self-awareness. Although each of us must be ready to stretch our personal comfort zones to grow as individuals, we have to honestly assess our “current” skill-set and any strong personal prejudices when reviewing a new business opportunities. Or as a teacher once told my business class, “If you don’t like hanging around drunks and don’t want to come home at 3 am smelling like beer, then regardless of the profitability of the enterprise, you should not buy a bar.”

So, what is the difference between dreaming about wealth and KNOWING you will be an outstanding financial success? It is the difference between a cool business idea that was never ACTED upon and taking ACTION to develop a serious business opportunity to the best of your ability.

Speed Wealth™ is a fast, easily accessible read, and like most good books, you find a useful nugget of knowledge each time you pick it up.

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

To help me keep my Millionaire Mind Intensive MoJo, I visited Peak Potentials Training’s MMI Graduate Resource page. I found so many useful tools there; I thought they might be helpful to my fellow MMI alumnus.

To get to the MMI Graduate Resources Page go to:
www.millionairemind.com

On the left hand side of the site click on the blue
‘Graduates Sign up Here’ button

Follow the instructions and fill out the sign-in form

Your activated login should take you to the Millionaire Mind Intensive Graduate Website.

This page offers MMI Grads MAJOR MOJO support tools.

If you are like me, and prefer to work on line rather than in paper workbooks, T. Harv has the 90 Day Wealth Conditioning Program available as a downloadable PDF.

Another option available on the 90 Day Wealth Conditioning page is the Peak Potential Training’s “Make a 90 Day Commitment and Get Weekly Reminders” program.

Sign up and get an email reminder every 7 days to help you stay on your Wealth Conditioning Program. It really helps you remember your MMI commitment to your financial success.

Also, there is a very helpful review of the VAKS process.

Read the rest of this entry »

Conventional Wisdom Doesn’t Work…

And Never Did!

Most of the Millionaire Mind Intensive graduates walked out of our three-day experience open to a whole new approach to our personal and business enterprises. Since my Millionaire Mind Intensive weekend I have read though Speed Wealth™ several times. It seems like a great place to start a dialog about business start-up, expansion, and turnaround.

Economist John Kenneth Galbraith, used the phase “conventional wisdom” in his 1958 book, The Affluent Society, to describe certain ideas or explanations, which stated repeatedly, become accepted as unquestioned truth — regardless of their accuracy.

In Speed Wealth™ Ecker’s first Power Principle theorizes “Conventional Wisdom” is the primary obstacle to recognizing that outstanding scholastic achievement; a steady job, with “good benefits” or a rewarding career with a “solid retirement package” does not guarantee real security, let alone true financial independence. If “Common Wisdom” concerning financial security is correct, why do only 4.9% of all American households have a net worth of $1 million or more.(1)

As long as your economic fate is dependent on the decision processes of others, you do not control of your economic destiny and you are NOT secure.

T. Harv Ecker is not the first successful business mentor to question the corollary between early, high scholastic achievement and later, exceptional financial success. Author, Thomas J. Stanley, PH.D in his books, The Millionaire Next Door and The Millionaire Mind, examined the common traits of millionaires. Although the self-made millionaires he interviewed all valued their scholastic experience, the majority reported a less then stellar GPA record. Some of the very affluent belonged to the 900-club, millionaires who scored below 1000 on the SAT.

Another “Common Wisdom” dissident is Robert Kiyosaki, of Rich Dad Poor Dad fame. His books and classes encourage people to think differently about the traditional wage earner path, verses entrepreneurial enterprise as a wealth generation strategy.

The bottom line for Power Principle #1: If you are currently a wage earner, start thinking of ways to augment your existing salary with an entrepreneurial endeavor. Maybe there is something you have always wanted to do, something that seems to fit your purpose. You don’t have quit your “Day Job” — a number of very successful business enterprises have started as part time ventures. The important aspect of Power Principle #1 is to start thinking differently about your path to financial freedom.

There are lessons a plenty in Speed Wealth™ for business owners, sales professionals and wage earners. The book is a fast read, and easily accessible and like most good books, you find a useful nugget of knowledge each time you read it. For those of you who did not pick up the book at the workshop, it is available on Amazon.com.

(1)The Millionaire Mind, Page 4
Copyright 2000, Thomas J. Stanley, PH.D
Andrews McMeel Publishing

H. Sandra Chevalier-Batik
Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!