Friday, July 31, 2009

T. Harv Eker: Rich people focus on opportunities. Poor people focus on obstacles

As I read T. Harv Eker’s Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth, I learned a ton of things of how the rich think.In his book, T. Harv Eker first explained that our money blueprint determines our financial destiny and is conditioned by various factors such as the environment in which we are brought up, what we saw or heard when we were young. Following that, he explained in full detail in 17 wealth files of how rich people think.

One of them is Wealth File #5: “Rich people focus on opportunities. Poor people focus on obstacles.”

In the last four years of my life where I have committed to succeed in the ‘B quadrant’ (the ‘Business’ quadrant as in Robert Kiyosaki’s cashflow quadrant that had impacted and changed my life totally), I have seen many people make decisions based on just the risk or cost of a business venture.

I had a lot of challenge attempting to help people see things in a more comprehensive perspective, especially those in the ‘E’ or Employee quadrant.

Instead of looking at the potential profit that a business can bring which is:

Profit = Revenue - Cost

they are focused on just the cost!

In other words, they are focused on losing: how much they will lose each month, rather than how much they can profit each month after building up a business successfully over time. Somehow, they do not focus on the revenue that a business can bring.

In my opinion, T. Harv Eker had really done a great job in this short paragraph which I quote and reformatted here for your easier reading:

“Rich people see opportunities. Poor people see obstacles.

Rich people see potential growth. Poor people see potential loss.

Rich people focus on the rewards. Poor people focus on the risks.”

So, the question is, when confronted with an opportunity, do you just shut it off by just looking at the cost and not the revenue; just looking at the risk, not the reward; or just looking at the obstacles, not the opportunities?

source ~ personal



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