Friday, January 25, 2019

Secret of the Millionaire Mind: Wealth File #16 Rich People Act In Spite of Fear

This is a chapter-by-chapter summary of a book by T. Harv Eker’s Secret of the Millionaire Mind: Mastering the Inner Game of Wealth (2005) series. One chapter, one article. Read this summary, buy the book. Enjoy!

Wealth File #16:
Rich People Act In Spite of Fear.
Poor People* Let Fear Stop Them.

Action is the ‘bridge’ between the inner world and the outer world,” writes Harv Eker. Because we are the creatures of habit, we need to practice acting in spite of fear, in spite of doubt, in spite of worry, in spite of uncertainty, in spite of inconvenience, in spite of discomfort, and even to practice acting when we’re not in the mood to act (“It is not necessary to try to get rid of fear in order to succeed”). “If you are willing to do only what’s easy, life will be hard,” explained Eker, “But if you are willing to do what’s hard, life will be easy.” Wow! Take action is the cue! All we’ve learned so far – all the wealth files – is useless if we don’t act. It’s simple as that. If you understand that managing money is crazy important for you but you don’t do it, then what does it help you? Nothing… N.O.T.A.D.A.M.N.T.H.I.N.G.!

It’s easy. Let’s assume that most people know that eating healthy and exercising regularly are important for their health. Then why are health issues bigger than ever before? Because people do not act in accordance with what they think or know is the right thing to do. I don’t say it’s easy to act that way, but it is necessary… at least if you want to be healthy or in this book case, be rich. I have to admit, action can be difficult. Maybe you’re scared, maybe you feel not talented enough, maybe you feel uncomfortable or maybe you are just lazy. But what if sometimes we need to be scared, uncomfortable and make an effort? Well, that’s at least what rich people do said Eker. They act in spite of fear or discomfort. “The only time when you are actually growing,” Eker reasons, “is when you are uncomfortable.” If you are willing to act in seemingly tough circumstances, then you are going to succeed. Life will be easier. If you don’t act, you just stay where you are… or you will even go backwards. For you own sake, take the actions that are necessary for your growth!

Poor people are not willing to be uncomfortable. Being comfortable may make you feel warm, fuzzy, and secure, but it doesn’t allow you to grow. They only time you can actually grow is when you are “outside of your comfort zone.” The minute you get comfortable, you have stopped growing. So, the only way you can grow is when you’re outside your comfort zone. Ask yourself: When was the last time you were outside your comfort zone? I’m sure that was uncomfortable at the moment, but it felt great afterwards. Well, that’s growth! And that’s what you should do every day. Keep living at the edge. Keep living where we don’t feel completely safe and comfy. That’s where we grow!

I say it again: Fear and discomfort should not stop you! Fear most often is based on some (often out of one’s mind) idea of our mind. “You mind is the greatest soap-opera scriptwriter in history.” We, however, have the power to control it and even when our mind goes nut we still have the power to think more rationally and see that often our mind is silly. Eker puts it this way, “Training and managing your own mind is the most important skill you could ever own, in terms of both happiness and success.” Harv suggests starting by observing your mind. What do you think? I mean, literally, what do you think right now? When you do that, you observe your thoughts. When you consciously do that, you can decide whether you want to follow a thought or just let it go and wait for another one. When there is a thought of fear, just let it go. When there is an empowering thought, let it come. “Choose to entertain only empowering thoughts while refusing to focus on disempowering ones,” says Eker. Keep this in mind:

Your thoughts do not run you, you run your thoughts.
So, act in spite of fear and in spite of discomfort.
That’s a necessity for all you want in life…
I Have A Millionaire Mind!

[*I need to note that the Harv Eker makes it clear in this book that he does not mean to degrade poor people. He does not think that rich people are better than poor or middle-class people. They’re just richer.]

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