Poh Heng

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Hope that you like the review on CD#1 of Adam Khoo’s Secrets of the Self-Made Millionaires.  My review on CD #2  - How to Develop the Million Dollar Mindset.

Before i start, i would like to say that this is the most important of any wealth building path you are going to take.  Having the correct mindset gives you the fundamentals to succeed in whichever goals you set out to achieve.  So pay more attention to this post.

First, Adam says that your mind is made up of 3 components

1. Beliefs
2. Habits
3. Attitudes

So he started off on habits and discussed the 10 Wealth Habits that you must learn and adopt:

1. Wealth Habit #1 - Do more than expected.  First he asks you to play a little game and then dissect this habit.  He also quotes many examples including his own on what he meant by doing more than expected.  What i learned was to really do well in whatever you do, even if you are working for somebody, you have to exceed expectation and do more than expected, only then can you make the money or promotion you deserved.
2. Wealth Habit #2 - Be proactive.  He describes how a businessman went all out to look for business when times and bad.  And when the businessman still cannot have enough business, he created his own opportunities or business, that’s the power of being proactive and make things happen.
3. Wealth Habit #3 - Delayed Gratification.  This is the part i can relate most to.  Save and invest for long term returns.
4. Wealth habit #4 - Love what you do.  And also be the best in your field.
5. Wealth Habit #5 - Continuous and never-ending improvement in whatever you do.
6. Wealth Habit #6 - Commitment. You really have to focus and still committed to whatever you set out to do.
7. Wealth Habit #7 - Integrity.
8. Wealth Habit #8 - Discipline.
9. Wealth Habit #9 - Play Win-Win.  When you play win win, you are likely to achieve more.
10. Wealth Habit #10 - Turn failures into feedback.

Next Adam talks about the power of beliefs where your mind can filter and distorts things.  He gives an interesting joke of 2 different sales director taking on the same task of going to Papua New Guinea to look for new markets and ended with completely different verdict - one sees opportunities while the other sees problems.

Therefore, we have to learn to distort problems into money making opportunities.  If you cannot see money making opportunities in your life now, it means your filters, beliefs and attitudes are wrong.  So how do we change these?  By changing your sub-conscious mind to think differently, you will have the ability to see opportunities.  He goes on to give many examples and exercises to condition your mind for wealth.

This concludes CD #2 of Secrets of the Self-Made Millionaires and sets the stage for CD #3 - How The Rich Manage Their Cashflow, so see in in CD #3 review.