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T. Harv Eker's work became one of the best-selling books in America after it was published in 2005.

Why is there so much interest in this book? Harv Eker claims that the book only suggests that readers change themselves, not how to make money. "When you change your thoughts, your behavior will naturally change and create wealth," said the writer.

Probably the most common example is Harv Eker. He was raised in poverty and emigrated to the United States with his parents when he was seven years old. Harv, who is 13 years old, has worked at a variety of jobs, including ice cream sales and delivery. Harv's life had been hard, and he had always wanted to be successful.

When he was an adult, Harv chose to leave college to pursue a career in business, but he kept failing. He just so happened to be speaking with his father's friend, a wealthy businessman. "You only need to do one thing, and that is to imitate the way rich people think," this person advised him.

Harv then started researching the mental processes of wealthy individuals and discovering the mental laws that govern them. Subsequently, he learned that the thoughts of the wealthy do differ significantly from those of the common people.

After taking out a $2,000 loan to launch a sports goods company, he made his first $11,000 profit. After almost three years, the brand now has ten locations. Afterwards, Harv realized his dream of becoming a millionaire when he sold half of his shares to the food company HJ Heinz for $1.6 million.

In his ensuing books on wealth accumulation, Harv compiled his business experiences.

Harv Eker Quotes

The five mentalities that distinguish the rich from the poor are listed below, as identified by this millionaire:

1. Rich people work to become wealthy, whereas poor people only think, "I want to become wealthy."

The majority of people fail to achieve their goals because they do not take action. However, wealthy people are always aware of their objectives; they do not waver and actively participate in wealth creation.

Rich people can only achieve their goals by putting in the effort. They are willing to sacrifice time with family and friends in order to work or study.

“Successful people have fear, successful people have doubts, and successful people have worries. They just don’t let these feelings stop them.” – Harv Eker

2. Rich people excel at money management, while poor people excel at spending money.

Rich people are not necessarily smarter than poor people, but their financial habits differ from the majority. Rich people develop the habit of managing small amounts of money in order to earn larger sums.

Harv Eker recommends opening a separate bank account and putting 10% of any money you receive into it for investment and income purposes, or for use after retirement.

Even if you don't have much money, you can start small. Furthermore, each individual can create a "financial freedom fund" to develop the habit of saving a little money every day and focusing all of their efforts on achieving financial freedom.

Harv Eker believes that this should become a habit. "After deducting the above funds, the remaining income should be deposited into 4 accounts: 10% long-term deposit, 10% education, 50% living needs, 10% arising," according to the millionaire.

3. Rich people prefer to pay for results, whereas poor people prefer to pay for time.

Poor people always want a fixed monthly salary because it gives them security, but Harford points out that this "security" comes at the expense of not being able to become wealthy. Because time is limited when you exchange it for money, the reward you receive is also limited.

Meanwhile, wealthy people frequently own businesses and profit from them. Harford recommends that everyone, whether full-time or part-time, start their own business. Even if you don't have a startup idea, you can still benefit from the company's potential by working as a sales employee and establishing performance-based bonuses. This is also a very dominant method, similar to how entrepreneurship works.

Harv Eker Quotes

4. Rich people try to have both, while poor people struggle to decide.

Poor people frequently see the world through "limited" lenses, whereas rich people use their creativity to overcome all constraints. Harv Eker emphasized that when faced with a choice between two options, you should ask yourself, "How do I achieve both of these things?" rather than just deciding between the two.

Daring to think and act, he believes, will lead to success.

Harv Eker Quotes

5. The rich use money to make money, while the poor use their strength to make money.

Rich people want to achieve financial freedom as soon as possible, which means they can live the life they want without having to work or rely on other people's money. This goal can be met through "passive income," which is defined as income that provides benefits without requiring personal involvement, such as interest and return on investment. private.

"Poor people choose the immediate, rich people choose the long term," writes Harv Eker. The millionaire recommends saving and then investing so that "money makes money." This is the distinction between rich and poor: the poor regard a penny as a penny and exchange money for what they desire. Each penny is viewed as a "seed" by the wealthy. They can earn 100 coins by planting it.

So every penny you spend today could end up costing you hundreds of dollars later. Allow the goal of financial freedom to stop you from purchasing something.

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