Book Review ~ Secrets of the Millionaire Mind

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Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker

My rating: 4 of 5 stars

Nice light holiday reading. Not really … more like thought provoking and new year resolution plotting. This book had a
few “ah has” for me which makes it a good reference book for the future.

Specifically I liked the idea of putting 10% of your earnings to put away to save for investing and another 10% into a savings or “spend” account. I think I need to look at the Canadian Tax Free Savings Account (which pays a high interest rate) to save for vacations and have the second one earning interest for us to create a seed account for investing.

Second, I really want to start creating a passive income. Eker provides examples of two primary sources of passive income that caught my attention. The first source is “money working for you ” (e.g. stocks, bonds, money markets, mutual funds, owning mortgages or other assets that appreciate in value and can be liquidated for cash). The second is “business working for you” (e.g. rental real estate; royalties from books, music or software; licensing your ideas; becoming a franchisor; owing storage units; owning vending or other types of coin-operated machines; and network marketing). page 157

Eker suggests you choose three ideas to research and become an expert on. I’m going to check out a few and see what is feasible on a modest or less financial investment commitment until our investment fund grows.

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Elizabeth Ruth

Elizabeth Ruth

Elizabeth is a children's book author and designer of knit and crochet character hats under the brand The Ruthless Crafter. In her spare time she loves to read, watch movies, spend time with her family, and swim. She lives a full, happy life in Kitchener, Ontario with her husband and their two children.

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1 Comment

  1. It's my first time here…. You are above me at SITS, so I thought I would stop over. Happy New Year!

    I heart your tiara! A girl after my own heart.

    Good review, but the subject of money always makes me grumpy… 😀

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About Elizabeth

Hi! I'm Elizabeth

Welcome to More Than A Mom, a space for daydreamers and creative thinkers who are obsessed with improving yourself, your home, and loving your family.

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