The Millionaire Mind Intensive.... Awesome!

Dear Readers

Over the weekend, I was so fortunate to be at this explosive seminar, The Millionaire Mind Intensive (MMI). The speaker was none other than Mr T. Harv Eker who went from zero to millionaire in only 2 1/2 years! He combines a unique brand of 'street-smarts with heart'.

Harv is the author of the best-selling books, Secrets of the Millionaire Mind and SpeedWealth. He has also developed several highly-acclaimed courses such as The Millionaire Mind Intensive, Life Directions, Wizard Training and Train the Trainer. He is also the producer and trainer of the world-famous Enlightened Warrior Training. The New York Times called him The Financial Evangelist! You know what does an evangelist do? Evangelist is Christian who tries to persuade other people to become Christian, especially at public gatherings or in broadcasts... But Harv is recognised as the financial evangelist.

The seminar was really enlightening. The learning curve was steep... Here, I would like to share with you a small fraction of huge portion of what I've learned from it!




I'm not being stingy ok... Just feel that you should experience the MMI yourself if the next opportunity arrives. Harv did mention that MMI will be back in June 2008. He has committed to be in Asia for one year to help more people in Asia.

Harv in action!

Robert Riopel, the lead trainer for Peak Potentials Training. With his heart-felt style, he now teaches the Millionaire Mind principles and has helped change the lives of thousands and thousands of people!

Alright, talk about 'receiving' and 'worthiness'...

The #1 reason most people don't get what they want is because they don't know what they want.
Second reason most people don't get what they want is they don't know why they want it.


Getting rich is proportionate to the problems you solve and the value you add to other people's lives. Another reason most people never reach their financial potential is that they are poor receiver.

Most people feel unworthy or undeserving. You are worthy because you are alive right now.


You are here for a reason whether you know it or not. Most people have been conditioned to believe that it is better to give than receive.

If both have to be there for the other to exist, how could one be better than the other? Hmmm... making sense right?

Now, here's one solid declaration that is worth every memory cell of yours to remember...

"Universe, if anyone has something great coming to them, and they're not willing to take it, send it to me. I am open and willing to receive all of your blessings. Thank you."

It doesn't matter whether you feel worthy or not, you can still get rich either way.

Whether you are worthy or not is all a made-up story.

If I say I'm worthy I am. If I say I'm unworthy, I'm not. Instead of trying to change your worthiness, change your story. Make up a new one.

There you have a quick, enlightening, powerful, mind blowing and positive lesson... Enjoy the following video!

Secret Psychology To Money

Have you ever wondered why some people seem to get rich easily, while others are destined for a life of financial struggle?

Is the difference found in their education, intelligence, skills, timing, work habits, contacts, luck, or their choice of jobs, businesses, or investments?

The answer is: None of the above!

WINNING THE MONEY GAME

Most of us were never taught how to win the money game and if we were, most likely we were taught by people who weren’t very good at it. The first critical element in winning the money game is knowing exactly how to do what rich people do to get and keep wealth.

If you want to change how you deal with your finances on the outside, you’re going to need to change how you think about money. You are going to have to learn the “inner game” of wealth building. Go within, make the changes, and your outer world will manifest what you choose!

YOU HAVE A PERSONAL MONEY AND SUCCESS BLUEPRINT

We all have a blueprint that decides how we handle money. It’s deeply ingrained in our subconscious and it determines your financial destiny. It comes from our past programming—things we learned in childhood in three 3 primary ways: Verbal Conditioning - what we heard; Modeling - what we saw; and, Specific Incidents – what we experienced.

But here’s the key:

YOUR FINANCIAL BLUEPRINT CAN BE CHANGED!

“Your income can only grow to the extent that you do!” -- T. Harv Eker

Start growing your financial mindset today. Equip yourself with financial literacy and you will experience growth in your income.

“If you think education is expensive, try ignorance.” -- Benjamin Franklin

So what is your financial blueprint set for? Are you set for success, mediocrity or failure; ease or struggle; consistent earnings or an “up and down” income?

Some of us are set for saving, some for spending, some do both in cycles that keep them financially treading water their whole lives. There are those who instinctively choose winning investments and those who consistently pick losers. But...how do you know which way your blueprint is set?

One way is to look at your results!

Now here's something factual to prepare yourself. Do you realize that by the time you reach age 65, there's a...

45% Chance you'll depend on family and friends for financial help
28% Possibility you'll rely on public assistance
22% Likelihood you'll still be working
4% Probability you'll only be able to meet your basic needs
1% Chance you'll be financially independent

Which one do you choose to be in?

Top 1%? Congratulations on your wise choice.

Make it a commitment and change all your SHOULDs to MUSTs.

Are you ready for the 'CPF Reform'?

A SHORT EXTRACT OF THE TRANSCRIPT OF PRIME MINISTER LEE HSIEN LOONG’S
NATIONAL DAY RALLY ENGLISH SPEECH ON 19 AUGUST 2007
AT NUS UNIVERSITY CULTURAL CENTRE

So, that’s the first major change to the CPF, higher interest rate, subject to a cap and rules. The second question is how to make CPF savings last for your life expectancy, which means up to 80-years-old. Today, we already have some rules. At 55, you set aside the Minimum Sum, then you can take out the rest. Minimum Sum is going up. The rules for setting aside are getting tighter, but basically, you must aside the Minimum Sum. We settled this in the last round of CPF changes. So, my first message is – no change to the rules at 55 to what has already been settled. That remains. It was settled in 2003 and will continue. But right now, after you have put aside your Minimum Sum and put it into your Retirement Account, you start to draw down your Minimum Sum when you are 62-years-old. Monthly payments are supposed to last 20 years, but actually if you don’t have enough CPF, it may not last 20 years. So, 62 plus 20 is 82. So, 62-years-old is when you start to draw your Minimum Sum and that is called the Draw-Down Age for the minimum sum.

But is 62 the right age to start drawing down? I told you what Madam Ng said to me just now and her problem. She says, “What happens when my CPF runs out?” Even with a higher interest rate which we are paying, if we start drawing down the CPF too early, the money is going to run out too soon. If we start later, the Minimum Sum will last longer. You may think that 62 to 82 is long enough, but many people are going to live beyond 82. So, if we can push off the draw-down by one year at the front end, then that one year’s money which is saved and which stays in your CPF and accumulates interest, including plus one per cent for 20 years, by the time you reach the tail end of your 20 years, that will have multiplied and doubled. So, you’ll have two more years’ worth at the tail in order to last you longer. So, we have to make some adjustment to the draw down age because 82, on average, you may live that, but many will live beyond and I think especially many women will live beyond because the women’s life expectancy will be longer than the men’s life expectancy.

We are legislating for re-employment until 65. We are pushing hard for people to work into their 60s until 65. Therefore, Draw-Down Age should also go to 65 because you are working, you work till 65, when you stop working, probably at 65, then you start drawing down. If you can continue working beyond 65, well, then you get both. So, we will raise this Draw-Down Age from 62 to 65, but not in one shot – progressively over a number of years. In 2012, the Re-Employment Act will kick in and we will start to raise the Draw-Down Age in 2012 from 62 to 63 and then, every two years, we will push it up another one so it will reach 65 by 2018. So, that means if the Draw-Down Age is 65 and you draw it down over 20 years, 65 plus 20 means it lasts till you are 85-years-old, which I think is better.

How will these impact different age groups? First of all, those who are nearly 62-years-old and going to draw either tomorrow or next year, you are okay, we are not disturbing you. You will have made your plans, you may want to go on holiday, go ahead. But those who are slightly younger, that means 57-years-old and below, we will disrupt your plans just a little bit by one year. Those who are not approaching 62-years-old yet, that means 53 and below, I think you can take the full adjustment, we will push your Draw-Down Age up to 65. You have got nearly ten years to continue re-skilling and for us to change the laws, and make sure that when you get to that age it will be easier for you to find a job and work till 65. The press will carry the table tomorrow. I will not show you the table, but that is the gist of it.

I have explained this at length because I know that this is not so popular. As Straits Times did a survey last week abut CPF, they asked people, “Do you want higher CPF returns?” “Yes, CPF returns are too low”. “Do you want to work longer?” “Yes, we want to work longer”. “Are you worried about savings for retirement?” “Yes, I am very worried I may not have enough”. “So, how about delaying the Draw-Down Age?” Huge numbers said, “No!” They know the problem, but they want to draw down now. But we have no choice. People are living longer, we have to work longer and we have got to start drawing on our reserves later. Therefore, we have to start moving now; not move all the way now, but start moving now and we will get there in good time.

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In my opinion, people who are financially prepared for old age will say NO to the idea of working longer. Can you imagine the condition of your body at age 60, 62 or 65? Is it going to be more energetic or slow in response? I'm sure you know the answer. Unfortunately, people who didn't plan well ahead, have to reluctantly say, "YES, we want to work longer". Why? The truth is they didn't maximise their full financial potential. Perhaps they have bought too many liabilities. As a result, they didn't have enough money to last them through old age.

Singapore Government is very efficient and always plan ahead for the people. This is a blessing. So the question now is, are you going to leave all the planning to the government? Should you also make an effort to plan for yourself? Remember, it's YOUR LIFE! If you don't take good care of yourself, don't expect others will.

Ask quality questions to get quality answers. So ask yourself these questions:

Are you prepared to work with much lower pay, when you hit 50s or 60s?

Can you guarantee that you will be healthy enough to work when you are in 50s or 60s?

Do you consider yourself successful now? Is that the best you can do or earn?

Remember, success is what you become.

If that is the best you can do or earn, you are successful. Well done!

If you have not realise your true financial potential, you must not be comfortable... you must not have the attitude of 'wait-and-see'.

Prepare to work harder for your financial success so that you will be more comfortable in later life.

The Decline of Middle-Income Earner

Below is a report published on Tuesday, May 2, 2006 by the Rocky Mountain News (Colorado)

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Since the election of Ronald Reagan the wealth of the nation has more than doubled. Per capita, Americans are now 70 percent richer than they were in 1979. Where have these several trillion dollars of new affluence gone?

For poor people, the answer is clear: Essentially none of this wealth has come their way. Adjusted for inflation, the tenth percentile of after-tax family income is almost exactly the same today as it was in 1979 - about $13,500 (note this means that 30 million Americans live on even less). For the middle class, the situation is only slightly different. In 1979, the average middle-class family had an after-tax income of $38,000; today that figure is about $43,700, meaning that over the past quarter-century the average American family has seen its income rise by about $200 per year.

For our wealthiest citizens, by contrast, 25 years of Republican rule have made these very much the best of times. During this period, the average after-tax income of the top 1 percent of Americans has risen an astonishing 111.3 percent, from $298,900 to $631,700 per year (again, all these figures are adjusted for inflation).

In other words, in absolute terms the poor are just as poor as they were a generation ago, while a middle-class family's annual share of the last quarter-century's worth of economic growth allows it to buy one extra tank of gas every three months. Meanwhile, in relative terms, both groups are far poorer: indeed, compared to the rich, most Americans are now only half as well-off as they were during the Carter presidency.

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As you know, US is the world's largest economy and many Asian economies rely heavily on US. What's the message that this report is telling us? If you ignore the message, you or your future generations will regret heavily.

So to say, the rich gets richer and the poor gets poorer. The spending power of the rich will affect the middle class and the poor. The average American middle class family has income rise of $200 per year! That's pathetic. We all know that living expenses keep on increasing. When you start a family, you have more expenses. When you age, your medical bill goes up. The cost of daily neccessities increase with time. So does transportation cost!

What's going to happen to the middle-class earners? We call this phenomenon, the thining of middle-income earner. In the future, there will be only two classes: Rich & Poor

This is happening and I cajole you not to remain ignorant. Take responsibility to improve your financial potential. The best way to help the poor is not to be one of them.