The secrets of the millionaire mind: book summary

What do you get in this post: in this post, I have covered all chapter’s lessons.

Are you excited like me?

So, stay tuned till the end.

For just 1 page summary you can click here.

Table of Contents

Why do you have to read the Secrets of the Millionaire Mind book summary?


This book summary fills in the gap between your ambition for success and self-realization.


You learn the reasons why some people are destined for a life of wealth and others for one of struggle. Understanding the underlying factors that lead to success, mediocrity, or financial failure can enable you to start improving your financial future.

You will encounter strong affirmations that will assist you in replacing your unproductive thought patterns with mental “wealth files,” enabling you to achieve and think like wealthy people. Additionally, you will discover useful, step-by-step methods for boosting your earnings and accumulating wealth.

Want to know how?

Favorite quote:

“If you want to change the fruits, you will first have to change the roots. If you want to change the visible, you must first change the invisible.”

Let’s get started.

This book summary is going to be a little bit longer as it mentions 17 steps to become wealthy and I have tried to cover it all in a very short so try to be patient and just go with the flow.

In the end, you will love it and feel you have gained so much knowledge.

Part 1: Your Money Blueprint

Why Is Your Money Blueprint Important?

The reality is that most people do not reach their full potential.

Most people are not successful. Research shows that 80 percent of individuals will never be financially free in the way they’d like to be, and 80 percent will never claim to be truly happy.

The reason is simple. Most people are unconscious. They are a little asleep at the wheel. They work and think on a superficial level of life—based only on what they can see.

They live strictly in the visible world.

Declarations: A Powerful Secret for Change.

Let’s talk about “accelerated learning” strategies that help you learn more quickly and retain it longer. According to the proverb, “What you hear, you forget; what you see, you remember; what you do, you understand,” engagement is the key.

Why do declarations serve as such a useful tool? because energy is the basis of everything.

All energy moves through vibrations and frequencies. Because of this, every proclamation you make has a unique vibratory frequency.

Your body’s cells vibrate when you make a proclamation out loud, and you may feel this vibration’s distinctive resonance by touching your body at the same time.

Declarations carry a strong message to your subconscious self in addition to conveying a specific message to the universe.

“To announce an official intention to undertake a certain course of action or adopt a particular status” is the definition of a declaration.”


“My inner world creates my outer world.”

Now touch your head and say…

“I have a millionaire mind.”

Steps for Change: Specific Incidents

AWARENESS: Consider a specific emotional incident you experienced around money when you were young.

UNDERSTANDING: Write down how this incident may have affected your current financial life. DISASSOCIATION: Can you see this way of being is only what you learned and isn’t you? Can you see you have a choice in the present moment to be different?


Place your hand on your heart and say…

“I release my nonsupportive money experiences from the past and create a new and rich future.”

Touch your head and say…

“I have a millionaire mind!”

Part 2: The Wealth Files Seventeen Ways Rich People Think and Act Differently from Poor and Middle-Class People.

Wealth File #1Rich people believe “I create my life.” Poor people believe “Life happens to me.”

It is essential that you feel in control of your life, particularly your financial life, if you want to build money.

If you don’t believe this, you must innately feel that you have little to no influence over your life and, hence, little to no control over your ability to succeed financially. That is not a wealthy mindset.

You must have the belief that your struggles with money and success are all your doing, just as they are with your mediocrity and success. You are still in control, consciously or not.

Victim Clue #1: Blame

Most victims are experts at the “blame game” when it comes to explaining why they aren’t wealthy.

Victims accuse the government, the stock market, their broker, their employer, their sort of business, their spouse, God, the economy, the government, their broker, their employer, and, of course, their parents.

There is always another person or thing at fault. Anything or anyone other than them is the issue.

Victim Clue #2: Justifying

If victims aren’t blaming, you’ll frequently hear them excusing or explaining their predicament by stating things like, “Money’s not really essential.”

I’d like to ask you this: Would any of your loved ones survive long if you told them that your husband or wife, your boyfriend or girlfriend, your partner, or your buddy wasn’t really that important?

I disagree, and neither would money, in my opinion.

Victim Clue #3: Complaining

The very worst thing you could do for your riches or health is to complain. utterly awful Why?

The universal law that states “What you focus on expands” is something the author really believes in.

What aspects of your life are you focusing on when you complain—the things that are going right or poorly?

You are undoubtedly concentrating on what is wrong with it, and since what you focus on grows, you will continue to experience more of the problem.

Wealth File #2 Rich people play the money game to win. Poor people play the money game to not lose.

When it comes to money, the poor prefer to play defense over offense. Let me ask you:

What are your chances of winning if you played only defense in any sport or game?

Little and none would agree with the majority.

But the majority of players in the money game do just that.

Instead of focusing on building riches and prosperity, their top priorities are survival and security. What then is your purpose? What do you hope to achieve? What do you really want?

Truly wealthy people strive for extreme prosperity and abundance. Lots of money, not just a little.

So what is the main objective of the poor?


Place your hand on your heart and say… “My goal is to become a millionaire and more!”

Touch your head and say… “I have a millionaire mind!”

Wealth File #3 Rich people are committed to being rich. Poor people want to be rich.

Most people would likely look at you like you were insane if you asked them whether they wanted to be wealthy. They would say, “Of course, I want to be wealthy.”

However, the majority of individuals actually don’t want to be wealthy. Why?

Because they have a lot of negative wealth files in their subconscious mind that tell them there is something wrong with being rich.


If you are not fully, totally, and truly committed to creating wealth, chances are you won’t.

Wealth File #4 Rich people think big. Poor people think small.

WEALTH PRINCIPLE: The Law of Income: You will be paid in direct proportion to the value you deliver according to the marketplace.

Value is the fundamental concept. It’s critical to understand that your market worth is influenced by four variables: supply, demand, quality, and quantity.

According to the author’s observations, quantity is the element that most people find to be the most difficult. How much of your value you actually deliver to the market, is what the quantity factor refers to.

How many individuals you genuinely serve or impact is another way to phrase this.

What kind of life do you wish to lead? What gaming strategy do you wish to use? Do you want to compete in the majors or the minors, the big leagues or the tiny leagues? Do you intend to play large or small? You can decide.

Most people prefer to be modest. Why? Initially, out of dread.

They are deathly afraid of failing, and they are even more terrified of succeeding. Second, since they feel tiny, people act small. They feel undeserving.

They don’t believe they are valuable or good enough to truly impact people’s lives.

But take note: It’s not just about you in your life. It also involves giving back to others.

Living according to your purpose and reason for being on this planet at this particular time is important. It’s about adding your component to the world’s puzzle.

The majority of individuals are so enmeshed in their egos that they always think about themselves. However, it can’t just be about you if you want to be wealthy in the genuine meaning of the word. It must involve improving the lives of others.

Wealth File #5 Rich people focus on opportunities. Poor people focus on obstacles.

People with money perceive opportunities. The poor perceive barriers. Rich folks anticipate progress. Poor folks anticipate possible loss.

Rich individuals concentrate on the benefits. Poor attention to the risks.

Fear drives poor people’s decisions. Their thoughts are always searching for anything that could go wrong or is wrong. What if it doesn’t work? or, more frequently, “It won’t work” is their main frame of thinking.

People in the middle class are a little more upbeat. They have the attitude of “I sure hope this works.”

As we’ve already mentioned, wealthy individuals accept responsibility for the outcomes in their lives and operate with the attitude that “I’ll make it work because I’ll make it work.”

People with money anticipate success. They are confident in their skills and their ability to be creative, and they think they will be able to succeed even if everything goes wrong.


Place your hand on your heart and say . . . “I focus on opportunities over obstacles.” “I get ready, I fire, I aim!”

Touch your head and say… “I have a millionaire mind!”

Wealth File #6 Rich people admire other rich and successful people. Poor people resent rich and successful people.

Poor people frequently feel resentment, anger, and envy when they see other people succeeding. Alternately, someone can remark, “They’re so lucky,” or they might mumble, “Those rich jerks.”

You must understand that if you think of affluent people as terrible in any manner and desire to be nice people, you will never be wealthy. It’s not feasible. Why would you want to be something you hate?

The idea is that you will never get what other people have if you dislike it in any manner. No matter what, don’t throw beer cans at someone driving a stunning black Jaguar with the sunroof open!


Place your hand on your heart and say… “I admire rich people!” “I bless rich people!” “I love rich people!” “And I’m going to be one of those rich people too!”

Touch your head and say… “I have a millionaire mind!”

Wealth File #7 Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people.

People that are successful use the achievement of others as a source of inspiration. They view successful people as role models from whom they can learn.

Modeling is one of the main ways that individuals learn. If they can do it, so can I, they tell themselves.

Rich individuals are appreciative that others have achieved success before them because it gives them a model to follow and will make it simpler for them to achieve their own success.

Why create anything new? There are tried-and-true strategies for achievement that practically everyone can use.

Consequently, understanding how wealthy individuals, who are masters of money, play the game is the fastest and simplest approach to becoming wealthy.

Simply modeling their inner and outside strategies is the aim. It merely makes it obvious that if you act and think in exactly the same way, you will likely achieve exactly the same results.

Rich individuals associate with successful people. People in poverty associate with losers. Why? It comes down to comfort. Individuals who are wealthy feel at ease among successful people.

They believe they are completely deserving of their company. People who are extremely successful make poor people uncomfortable.

They either feel as though they don’t belong or are afraid of being rejected. The ego then descends into criticism and judgment in order to defend itself.

DECLARATIONS: Place your hand on your heart and say… “I model rich and successful people.” “I associate with rich and successful people.” “If they can do it, I can do it!”

Touch your head and say… “I have a millionaire mind!”

Wealth File #8 Rich people are willing to promote themselves and their values. Poor people think negatively about selling and promotion.

Almost everyone is ecstatic. They value learning about the other courses’ content and getting a discounted price. However, not everyone is as enthusiastic.

Regardless matter how it can be advantageous to them, they dislike any promotion. If you recognize any aspect of this in yourself, it’s crucial to acknowledge it.

One of the biggest barriers to success is resenting promotions. People that struggle with selling and promoting are frequently impoverished.

It’s clear. If you aren’t willing to let others know that you, your product, or your service is available, how can you earn a significant income in your own business or as a representative of one?

DECLARATION: Place your hand on your heart and say… “I promote my value to others with passion and enthusiasm.”

Touch your head and say… “I have a millionaire mind!”

Wealth File #9 Rich people are bigger than their problems. Poor people are smaller than their problems.

Being wealthy is no walk in the park. There are many turns, detours, and hurdles along the way. The majority of people avoid the road to prosperity because it is full of traps and dangers.

They don’t want inconveniences, headaches, or obligations. Simply said, they don’t want the issues.

One of the most significant distinctions between rich and poor people can be found here. People who are wealthy and successful are larger than their difficulties, but those who are poor and unsuccessful are smaller.

People in poverty will do virtually anything to stay out of trouble.

When they encounter difficulty, they flee. The irony is that while trying to avoid problems, they actually have the largest one of all—they’re miserable and broke.

The key to success is to grow yourself to the point where you are bigger than any challenge rather than trying to escape, eliminate, or shrink from your troubles.

DECLARATIONS: Place your hand on your heart and say… “I am bigger than any problems.” “I can handle any problems.”

Touch your head and say… “I have a millionaire mind!”

Wealth File #10 Rich people are excellent receivers. Poor people are poor receivers.

The fact that most people are poor “receivers” is the main factor preventing them from achieving their financial goals.

They could or might not be good givers, but they are unquestionably lousy receivers. They don’t because they are bad at receiving, though!

Receiving presents difficulties for people for a variety of reasons. First, a lot of people feel underserved or worthless. In our society, this syndrome is rife.

The sense of not being good enough runs in the veins of more than 90% of people.

WEALTH PRINCIPLE: If you say you’re worthy, you are. If you say you’re not worthy, you’re not. Either way, you will live into your story.

DECLARATION: Place your hand on your heart and say… “I am an excellent receiver. I am open and willing to receive massive amounts of money into my life.”

Touch your head and say… “I have a millionaire mind!”

Wealth File #11 Rich people choose to get paid based on results. Poor people choose to get paid based on time.

Poor people want to be paid hourly pay or a consistent salary.

They require the “security” of knowing that every month, exactly the same amount of money will be received at the same time. They are unaware that this security has a cost, and that cost is riches.

Living in fear is the same as living in security. You’re really saying, “I’m scared that, given my performance, I won’t be able to make enough, therefore I’ll settle for earning just enough to exist or to be comfortable.”

Rich people desire to be compensated in part or entirely according to the results they create. Most wealthy people run their own businesses in some capacity.

Their profits are what they rely on for income. Rich people typically receive commissions or a share of sales. Rich people choose profit sharing and stock options above greater salaries.

Note that none of the aforementioned offers any guarantees.

As was previously mentioned, in the financial realm, rewards typically follow risk.

Rich folks have self-confidence. They have faith in their ability to give value and in their own worth. Not for the poor. Therefore, they require “guarantees.”

DECLARATION: Place your hand on your heart and say… “I choose to get paid based on my results.”

Touch your head and say… “I have a millionaire mind!”

Wealth File #12 Rich people think “both.” Poor people think “either/or.”

Rich individuals reside in an abundant world. People who are poor live in a world of restrictions.

Of course, they share the same physical reality, but their perspectives are different. Most middle-class and poor people are products of scarcity.

There is only so much to go around, there is never enough, and you can’t have it all, are some of their guiding principles.

And while it’s possible that you won’t be able to have “everything,” as in everything in the world, I believe that you can have “everything you really want.”

Which would you prefer—a fulfilling career or a close bond with your family? Both! Do you want to prioritize work or play and have fun? Both!

Do you prefer having money or purpose in your life? Both! Do you want to work in a job you love or want to make a fortune? Both! Rich individuals select both, while the wealthy invariably choose one.


Rich people believe “You can have your cake and eat it too.” Middle-class people believe “Cake is too rich, so I’ll only have a little piece.” Poor people don’t believe they deserve cake, so they order a doughnut, focus on the hole, and wonder why they have “nothing.”

DECLARATION: Place your hand on your heart and say… “I always think ‘both.’”

Touch your head and say… “I have a millionaire mind!”

Wealth File #13 Rich people focus on their net worth. Poor people focus on their working income.

Not earning income but net worth is the ultimate indicator of wealth. There was and there will always be.

The financial value of everything you own is your net worth.

When calculating your net worth, sum up everything you own, including cash, investments like stocks and bonds and real estate, the current value of any businesses you may own, and the value of your home, if you own it, before deducting any of your debts.

Because everything you own can someday be converted into currency, net worth is the only true indicator of wealth.

Rich individuals are aware of the vast difference between earning an income and having wealth.

DECLARATION: Place your hand on your heart and say… “I focus on building my net worth!”

Touch your head and say… “I have a millionaire mind!”

Wealth File #14 Rich people manage their money well. Poor people mismanage their money well.

The only difference between wealthy and poor people in terms of intelligence is their different and more helpful spending habits.

These habits largely stem from our earlier conditioning. So, to start, if you’re not handling your money well, you were probably not taught how.

Second, there is a very significant probability that you are unaware of simple, efficient methods for managing your finances.

Either they mismanage their finances or they completely avoid talking about money, poor people.

Many people claim they dislike managing their finances because it limits their independence and because they don’t have the money to do it.

Regarding the first justification, controlling your finances does not limit your freedom; on the contrary, it encourages it.

By managing your money, you can finally achieve financial independence and stop working altogether. That, to me, is true freedom.

Those who use the justification “I don’t have enough money to manage” are using the incorrect end of the telescope to view the situation.

The truth is that “when I begin to manage it, I will have plenty of money,” as opposed to “when I have plenty of money, I’ll begin to manage it.”

It’s equivalent to an overweight person claiming, “I’ll start working out and dieting as soon as I drop twenty pounds,” to remark, “I’ll start managing my money as soon as I get caught up.”

DECLARATION: Place your hand on your heart and say… “I am an excellent money manager.”

Touch your head and say… “I have a millionaire mind!”

Wealth File #15 Rich people have their money work hard for them. Poor people work hard for their money.

You likely learned as a child that you “had to work hard for money” if you’re like most people. But it’s likely that you weren’t raised under the impression that making your money “work hard for you” was as vital.

Working hard is crucial, without a doubt, but it won’t bring you wealth by itself. Where did we learn that? Check out the actual world.

Millions, nay, billions, of people toil away, working tirelessly all day and sometimes even all night. Are they all well off? No! Do most of them have wealth? No! Are many of them wealthy? No! The majority of them are broke or nearly so.

Who do you see, on the other hand, relaxing in country clubs around the world? Who enjoys sailing, golf, or tennis in the afternoons?

Who goes shopping during the day and takes vacations during the week? The first two of my three guesses are not taken into consideration.

Who are they? Wealthy folks! So, let’s be clear: the notion that you must toil hard to become wealthy is untrue!

DECLARATION: Place your hand on your heart and say… “My money works hard for me and makes me more and more money.”

Touch your head and say… “I have a millionaire mind!”

Wealth File #16 Rich people act in spite of fear. Poor people let fear stop them.

Millions of individuals “think” about becoming wealthy, and tens of thousands of people meditate, visualize, and use affirmations to achieve this goal.

Author virtually daily practices meditation.

However, the author never sat there doing visualization or meditation and suddenly had a bag of money fall on his head.

He must be one of the unfortunate people who must work hard to succeed, the author speculates.

Although affirmations, meditation, and visualization are all excellent methods, none of them, to the author’s knowledge, can bring you actual financial success in the real world.

To succeed in the real world, you must actually “act.” Why is taking action essential?

What stops us from taking the acts we know we need to take if action is so crucial?


One of the biggest barriers to happiness as well as achievement is fear, doubt, and worry. As a result, one of the most significant distinctions between rich and poor people is their willingness to act in the face of fear.

Fear prevents the poor from acting.

DECLARATIONS: Place your hand on your heart and say… “I act in spite of fear.”

“I act in spite of doubt.”

“I act in spite of worry.”

“I act in spite of the inconvenience.”

“I act in spite of discomfort.”

“I act when I’m not in the mood.”

Touch your head and say… “I have a millionaire mind!”

Wealth File #17 Rich people constantly learn and grow. Poor people think they already know.

Poor people frequently try to convince others that they are correct.

They pretend to have it all figured out and claim that their financial difficulties are just the result of poor luck or an unforeseen cosmic glitch.

“You can be right or you can be rich, but you can’t be both,” is one of the author’s more well-known quotes.

Holding on to your outdated ways of thinking and acting is what it means to be “correct.” Sadly, these are the methods that led you to your current situation.

This ideology holds that “you can be right or you can be happy,” which also applies to happiness.

People from lower socioeconomic status feel they lack the time or resources to afford an education.

However, wealthy people can identify with Benjamin Franklin’s adage, “If you think ignorance is expensive, try education,” “Knowledge is power,” as they say, and “power” is the capacity to take action.

DECLARATION: Place your hand on your heart and say… “I am committed to constantly learning and growing.”

Touch your head and say… “I have a millionaire’s mind!”

Thank you for your time.

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