Secrets of the Millionaire Mind: Book Summary

secrets of the millionaire book cover

Secrets of the Millionaire Mind (2005) focuses on the mindsets of the wealthy and helps readers acquire that mindset with the assumption that money will follow the mindset.

Bullet Summary

  • Being rich is a mindset: mindset-rich people can create their wealth at will
  • Your thoughts are not who you are: change your thoughts and change your life
  • You will be paid in direct proportion to the value you deliver

Full Summary

About The Author: Harv Eker is an American businessman and motivational speaker.
He deals with topics such as personal finance, wealth, entrepreneurship, and motivation.


Being rich, as much as being poor, is a mindset.

To change your life, including financially, change the way you think.
And for good or for worst, explains Eker, a mindset is often passed on from parents to children.

My Note:
God, I can relate to that. I grew up in a family where a government job was the ultimate dream and, for a long time, I kept that mindset.

Develop Internal Locus of Control

Rich people believe they’re in control of their lives and that they can fix things.

They don’t complain about the government, society, or what’s wrong in the world. They think about what they can do to change their conditions.

As The 7 Habits of Highly Effective People say: change starts with yourself. Start by focusing on what you can control, and your area of control will automatically expand.

Rich People Think Big

They have an abundance mentality, they think there’s more and more out there, and the only question is how to get it.

And the opposite is also true: poor people think small.
They clip the coupons, try to hold on to the tip, and spend hours to save a few cents.

Also, read:

Spend Time With Rich People

Rich people spend time with other people who also have a millionaire mindset.

Play to Win, Not to Avoid Losing

Millionaires play to win, while poor people play to avoid losing.

Playing to lose is a defensive mindset, and when you focus on not losing you will miss out on all the big chances to win big.

Focus on Opportunities, Not Threats

Rich people focus on opportunities while poor people focus on threats and obstacles.

Admire Success, Don’t Hate it

Rich people admire other successful people.
They want to connect and learn from them.

Poor people instead resent successful people and try to take them down instead of learning from them.

Promote Yourself

Wealthy and successful people are not afraid of promoting themselves.

This was a big one for me.
I always shied away from self-promotion, but the author says that rich people aren’t afraid of selling and promoting themselves.

Focus on Value & Results

Rich people choose to get paid based on results.

They know they’ll get paid once they can deliver results and value, so they focus on building great products and efficient business systems.

Poor people think in terms of time instead. And they sell their time in exchange for (often little) money.

Make Money Work For You

This is similar to the concept of Rich Dad Poor Dad.

Rich people invest in assets that will generate income. And they invest their money in a way that generates more money.
Poor people, exchange time for money, keep working hard, and are enslaved to money.

Learn and Grow

Rich people keep increasing their knowledge because they look for knowledge.
Poor people think they know it all.

Also, read:

Money is Power: Save Money

While poor people focus on buying and spending, rich people focus on investment and, when needed, keeping expenses low.

This is indeed exactly the mindset of the millionaires as analyzed in “The Millionaire Next Door”, and it’s the opposite of what Greene recommends in The 48 Laws of Power“, where he advises “letting your money circle freely”.

secrets of the millionaire book cover

Real-Life Applications

Don’t Save for Rainy Days, Save For Your Freedom!
Save for your financial freedom days!
It’s a small mindset shift, but it’s a little golden nugget that can change your perspective for the positive.

Find a Good Cause to Make Money
If your drive to make money is insecurity, fear, or the need to prove yourself, money will never make you happy.
Find a better and more empowering alternative to becoming rich.


Rich Mindset: Spend
To get you into a rich mindset, the author advises you to spend money. I am not fully convinced this is a good idea.

There’s a lot of referencing to other products and seminars of the author. I didn’t particularly appreciate that.


I  liked “Secrets of The Millionaire Mind”.

The focus on mindset, culture, and psychology is a different approach than the typical “get rich” book on personal finance.

Tony Robbins has a similar approach, but Eker adds tons of good examples to help the readers differentiate between rich and poor mindsets.

If you are a beginner and if you come from a “poor mindset” culture, then this book will help you de-program yourself..

Read more summaries or get the book on Amazon

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