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17 Wealth Secrets On Developing A Millionaire Mind
by T.Harv Eker


What is Financial Freedom
It is the ability to live the lifestyle you desire without having to work or rely on anyone else for money.

Rich people buy assets, things that will likely to go up in value.  While poor people buy expenses, things that will definitely go down in value.  -- Rich people collect land.  Poor people collect bills.

It comes down to this:  Poor people work hard and spend all their money, which results in their having to work hard forever.  Rich people on the otherhand.... work hard, save, and then invest their money so they never have to work hard again.

"Working hard is important, but working hard alone will never make you rich".

Two Primary Sources of Passive Income

1.  Money working for you - this includes investment earnings from financial instruments such as:  Stocks, bonds, T-bills, money markets, mutual funds, as well as owning mortgages, commodities, or other assets that appreciate in value and can be liquidated for cash.

2.  Business working for you - include rental real estate, royalties from books, music, or software programs, licensing your ideas, becoming a franchisor, owning storage units, owning vending or other types of coin-operated machines, and network marketing.  It also includes setting up any business systematized to work even without you.  The idea is that the business is working and producing value to people, instead of you.

You become financially free when your passive income exceeds your expenses.
Without Passive Income.... you can never be FREE!

The Goal:
"Never have to work again..... unless you choose to" and that if you work, you work "by Choice, not by Necessity."

By: ErbieCastle 07/29/13
Taken from: The Secret of the Millionaire Mind by: T. Harv Eker

 21 Success Secrets of Self-Made Millionaires
Take the bull by the horns with $50 in free trades. No bull.

Save Money: Pay Yourself First
by: Brian Tracy

Understand that money begets money

Did you know that the wealthy people get the idea of investing and the power of compound interest and the rest of us dont?

There is no greater truth than this:
Money makes money.  It breads quietly and quickly like rabbits.  It prefares to hang out in big groups.  Money makes money - the rich get richer and the poor gets poorer.  That's life.  YES! it is sad.  But it does seem to be the fact.  Now we can work hard ourselves and do something about it or we can sit around moaning and become part of the problem.  The choice, as always is entirely yours.

1.  Put some money aside for breeding purposes.
2.  Cream a little off for spending.
3.  Reinvest the bulk to build up a good and healthy stock.
4.  Keep it as a secret for yourself.

"I remember saying to my mentor,
'If I had more money, I would have a better plan.'
He quickly responded, 'I would suggest that if you had a better plan, you would have more money.'
You see, it's not the amount that counts;
it's the plan that counts."
Jim Rohn

Profits Are Better Than Wages  by Jim Rohn

My mentor, when I was 25 years old, dropped a phrase on me that changed my life forever when he said, “Profits are better than wages. Wages will make you a living.  Profits can make you a fortune.”

You know it is a bit difficult to get rich on wages, but anybody can get rich on profits. Profits change your whole attitude, even if you start part time—whether it’s part time on your entrepreneurial business, network marketing company or service business.

It can be a landscape business in the summer or hanging Christmas lights in the winter. It can be training, consulting or tutoring. It can be your hobby, such as painting, writing, crafts, woodworking, computers or cooking. But once you start investing even part-time effort into your own business, you will find how much more exciting it is to get up in the morning and go to work on your fortune, even if you’re only spending a few hours a week doing it.

How empowering it is to be able to go to work on your fortune every day rather than going to work to pay the rent. Now it is noble to go to work to pay the rent, but if you could also parcel out part of your time, go to work to make your fortune. Your whole attitude changes. Your spirit changes. It is in your voice. It is in your face. It is in your gestures. And then you can say, “I am now working full time on my job and part time on my fortune because I found a way to make profits.” Wow!

And I will know what you mean.

Jim Rohn Weekly Newsletter
Issue 684 -
shared by: erbiecastle 12/26/12

There are ONLY seven ways
to get rich
-Marc Ostrofsky

1.  Inherit it
2.  Marry it
3.  Invest for it
4.  Get lucky, the lottery or win it
5.  Work for a company
6. Break the law: Steal, deal or con
7.  Enterpreneur/ Work for yourself

The best way to become wealthy - honestly, ethically, legally and morally - is number 7.

Six Ways to Turn Desires into Gold

1.  Fix in your mind the exact amount of money you desire.  It is not sufficient merely to say "I want plenty of money."  Be definite as to the amount.  (There is a psychological reason for definiteness).

2.  Determine exactly what you intend to give in return for the money you desire.  (There is no such reality as "something for nothing.")

3.  Establish a definite date when you intend to possess the money you desire.

4.  Create a definite plan for carrying out your desire, and begin at once, whether you are ready or not, to put this plan into action.

5.  Write out a clear, concise statement of the amount of money you intend to acquire, name the time limit for its acquisition, state what you intend to give in return for the money, and describe clearly the plan through which you intend to accumulate it.

6.  Read your written statement aloud, twice daily, once just before retiring at night and once after arising in the morning.  As you read ---- see and feel and believe yourself already in possession of the money.

from: Think & Grow Rich by Napoleon Hill

The 8 New Rules of Money
by: Robert Kiyosaki - Conspiracy of the Rich

1.  Money is Knowledge
      Knowledge makes you rich and a lack of knowledge makes you poor.  In this brave new world, it is your knowledge that is the new money.

2.  Learn How to Use Debt
Debt is not bad.  Misuse of debt is bad.  Dept can make you rich, and debt can make you poor.  If you want to get ahead financially, you need to learn to use debt, not abuse it.

3.  Learn to Control Cash Flow

If you are going to be financially secure, you need to learn to have more cash flowing into your pocket.

4.  Prepare for Bad Times and you will only know Good Times.

5.  The need for Speed
Slow people are left behind.  A well-positioned person can transact business 24/7.  Rather than making money by the month, people can make money by the second.

6.  Learn the Language of Money
 "Words form our attitudes, and attitudes form our reality".  Life is an attitude.  If you want to change your life, first change your words, which will in turn change your attitude.

7.  Life is a Team Sport
Choose your team carefully.

8.  Since Money is Becoming Worth-less and Less,  Learn to print your own.

by Miyamoto Musashi - The Book of 5 Rings

1.  Do not harbor sinister designs.
2.  Diligently pursue the Path of Two-Swords-as-One.
3.  Cultivate a wide range of interest in the arts.
4.  Be knowledgeable in a variety of occupations.
5.  Be discreet regarding one's commercial dealings.
6.  Nurture the ability to percieve the truth in all matters.
7.  Percieve that which cannot be seen with the eye.
8.  Do not be negligent, even in trifling matters.
9.  Do not engage in useless activity.

Seven Cures for a Lean Purse

1.  Start thy Purse to Fattening
"For every ten coins thou placest within thy purse take out for use but nine.  Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to thy soul".

2.  Control thy Expenditures

"Budget thy expenses that thou mayest have coins to pay for thy necessities, to pay for thy enjoyments and to gratify thy worthwhile desires without spending more than nine-tenths of thy earnings."

3.   Make thy Gold Multiply

"Put each coin to laboring that it may reproduce its kind even as flocks of the field and help to bring to thee income. A stream of wealth that shall flow constantly into thy purse."

4.  Guard thy Treasures from Loss

"Guard thy treasures from loss by investing only where thy principle is safe, where it may be reclaimed if desirable, and where thou will not fail to collect a fair rental.  Consult with wise men.  Secure the advice of those experienced in the profitable handling of gold.  Let their wisdom protect thy treasure from unsafe investments."

5.  Make of thy Dwelling a Profitable Investment
"Own thy own home."

6.  Insure a Future Income
"Provide for in advance for the needs of thy growing age and the protection of thy family."

7.  Increase thy Ability to Earn

"Cultivate thy own powers, to study and become wiser, to become more skillful, and to act as to respect thyself."

The Richest Man in Babylon
erbiecastle 092012

100 Rules of Wealth
 by Richard Templar

Thinking Wealthy
Rule 1   - Anybody can make money.
Rule 2   - Decide on your definition of wealth
Rule 3   - Set your objectives
Rule 4   - Keep it under your hat.
Rule 5   - Most people are too lazy to be wealthy.
Rule 6   - Understand your money beliefs and where they came from.
Rule 7   - Understand that wealth is a consequence, not a reward.
Rule 8   - See wealth as a friend not the enemy.
Rule 9   - Decide what you want money for.
Rule 10 - Understand that money begets money.
Rule 11 - If you see money as the solution you'll find it becomes the problem.
Rule 12 - You can make lots of money, you can enjoy your job,
             and you can sleep nights.
Rule 13 - Don't make money by being bad.
Rule 14 - Money & Happiness - understand their relationship
Rule 15 - Know the difference between Price and Value.
Rule 16 - Know how the wealthy think.
Rule 17 - Don't envy what others have.
Rule 18 - It's harder to manage yourself than it is to manage
             your money.

Getting Wealthy
Rule 19 - You've got to know where you are before you start.
Rule 20 - You've got to have a Plan.
Rule 21 - Get your finances under control.
Rule 22 - Only by looking wealthy can you become wealthy.
Rule 23 - Speculate to accumulate (No, this isn't gambling)
Rule 24 - Decide your attitude to risk.
Rule 25 - If you don't trust someone, don't do business with them.
Rule 26 - It's never too lateto start wealthy.
Rule 27 - Start saving young (or teach your kids this one if it's
             too late for you).
Rule 28 - Understand that your financial needs change at different
             stages of your life.
Rule 29 - You have to work hard to get rich enough not to have
             to work hard.
Rule 30 - Learn the art of deal making.
Rule 31 - Learn the art of negotiating.
Rule 32 - Small economics won't make you wealthy but they will
             make you miserable.
Rule 33 - Understand that working for others won't necessarily
             make you rich - but it might.
Rule 34 - Don't waste time procrastinating - make money decision
Rule 35 - Work as if you didn't need the money.
Rule 36 - spend less than you earn.
Rule 37 - don't borrow money, unless you really, really have to.
Rule 38 - consider consolidating debts.
Rule 39 - cultivate a skill and it'll repay you over  and over again.
Rule 40 - Pay off your loans and debts as a priority.
Rule 41 - Don't be too busy earning a living to make some money.
Rule 42 - Save in big chunks or should you?
Rule 43 - Don't Rent, Buy. - how can you own and not borrow,
             buy and not have a mortgage?
Rule 44 - Understand what investing really means.
Rule 45 - Build a bit of capital then invest it wisely.
Rule 46 - Understand that property, in the long run, will not
             outpace shares.
Rule 47 - Master the art of Selling.
Rule 48 - Don't believe you can always win.
Rule 49 - Understand how the stock market really works.
Rule 50 - Only buy shares (or anything) you can understand.
Rule 51 - By all means, use the investment professionals
             (but don't be used by them).
Rule 52 - If you are going to get financial advice, pay for it.
Rule 53 - Don't fiddle.
Rule 54 - Think long term.
Rule 55 - Have a set time of day to work on your wealth strategy.
Rule 56 - Pay attention to detail.
Rule 57 - Create new income streams.
Rule 58 - Learn to play "what if?"  - Diversification is the name
             of the game.
Rule 59 - Control spending impulses.
Rule 60 - Don't answer ads that promise get-rich-quick schemes.
             It won't be you who get rich quick.
Rule 61 - There are no secrets.
Rule 62 - Don't just read this - DO SOMETHING!

Get Even Wealthier
Rule 63 - Carry out a finance health check regularly.
Rule 64 - Get some money mentors.
Rule 65 - Play you hunches.
Rule 66 - Don't sit back - You've got to keep on doing whatever
             it was that made you make it.
Rule 67 - Get someone to do the stuff you can't.
Rule 68 - Know yourself - Solo, duo or Team player.
Rule 69 - Look for hidden asset/ opportunity.
Rule 70 - Don't try to get rich too quickly.
Rule 71 - Always ask what's in it for them.
Rule 72 - Make your money work for you.
Rule 73 - Know when to let go of investments.
Rule 74 - don't chase bad luck runs.
Rule 75 - Knowing why you should be able to read a balance
             sheet and how.
Rule 76 - Be one step ahead of your tax collector.
Rule 77 - Learn hoe to make your assets work for you.
Rule 78 - Don't ever believe you're only worth what you are
             being paid.
Rule 79 - Don't follow the same route as everyone else.

Staying Wealthy
Rule 80 - Shop for quality.
Rule 81 - Check the small print.
Rule 82 - Don't spend it before you got it.
Rule 83 - Put something aside for your old age - no more than that.
Rule 84 - Put something aside for emergency and contingency fund.
Rule 85 - You paid what for it? how to shop around.
Rule 86 - Never borrow money from friends or family ( but you
             can allow them to invest).
Rule 87 - Don't surrender equity.
Rule 88 - Know when to stop.

Sharing your Wealth
Rule 89 - Use you wealth wisely.
Rule 90 - Never lend money to friends or family unless you are
             prepared to write it off.
Rule 91 - Don't lend, take equities.
Rule 92 - You really, really can't take it with you.
             (not getting rid of it is known as wealth bondage).
Rule 93 - Know when/ how to say No - and Yes.
Rule 94 - Find ways to give people money without them feeling
             they are in your debt.
Rule 95 - Don't over-protect your children from the valuable
             experience of poverty.
Rule 96 - Know how to choose charities and good causes.
Rule 97 - Spend your own money because no one will spend it
             as wisely as you.
Rule 98 - Take responsibility before you take advice.
Rule 99 - Once you've got it, don't flaunt it.
Rule 100- What's Next? Pacts with the devil?
              I am not scoffing at any of other methods such as encantations, beliefs, lucky items etc.  However you intend gaining prosperity, you should get on with it.  Believe in it, follow it, give 100% to it and not listen to others.

erbiecastle  9/16/12


I. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.

II. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.

III. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.

IV. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.

V. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

The Richest Man in Babylon

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