Millionaire Mind Intensive

Date: May 23, 2014 to May 25, 2014

Name: The Millionaire Mind Intensive

Presenters: Dennis Cummins

Inspired by the original MMI coach T. Harv Eker, this seminar focuses on the money mindset that will help business owner to achieve financial freedom. Coaches use unique ways to break through the traditional seminar style and drive the whole crowd to their peak potentials. Here are the main summary from the workbook of the 3 days seminar:

Comfort zone is in direct proportion to income zone. Therefore, people need to find ways to expand their comfort zone. The main reason is people do not know what they want; therefore, clarity leads to power, power is the ability to act, and act upon the choices people want.

Financial Freedom = Choice to do what you want = Lifestyle without work or reply on others.

Income without work = Passive Income

Passive Income comes from Investment and ongoing business incomes, and the secret is to have multiple streams of income.

Financial Freedom = Working Income + Savings + Investments + Passive Income + Simplify

The World’s Simplest, Easiest and Most Effective Money Management Method

Money needs to separate into the follow categories:

1)     10 % Financial Freedom Account (FFA)

• Create Golden Goose that can help people generate eggs (passive income)

2)     10 % Long Term Savings for Spending Account (LTSS)

• Invest in long term investments, such as Real Estate

3)     10% Education Account (EDUC)

• Create opportunity to learn new skills

4)     55% Necessities Account (NEC)

• All the living expenses, such as food and shelter

5)     10% Play Account

• Unleash the entertainment side to balance people’s life

6)     5% Give Account

• Volunteer and charity

The number 1 wealth rule is to pay FFA. Broke people use the left over strategy by paying everyone else first, and then invest what is left over. Therefore, based on the law of attraction, like attracts like; money attracts money. The FFA acts like a money magnet.

Broke people believes work is to earn money for their current lifestyle. Nevertheless, rich people believe work is to earn money to invest and to create passive income and to become financially free.

Passive Income > Expenses = Financial Freedom

The Power of Beliefs

People’s physical world (Result) is a printout of mental, emotional, and spiritual. The physical printout is made out from blueprints. Each of us has a personal money and success blueprints already engrained in our subconscious mind. To change the result, the process of manifestation is “Thought”, “Feelings”, and then “Action”

People have beliefs and people believe their beliefs are true. However, beliefs are not true or false, they are only opinions. People have the power to change beliefs if people believe they can change.

Broke People believe the traditional “70 year plans”, which is get a great job, work hard and save money until retirement. However, this will not work anymore in the world today.

Rich people only believe three things:

1)     The amount of money you earn from FFA

2)     Return on Investment

3)     Multiple Streams in Passive Income

People beliefs in their subconscious mind come from conditioning, and conditioning comes from method of verbal programming, modeling and specific incidents.

Using Money as example,

Verbal Programming is what they hear about money when they are in childhood.

Modeling is what people act about money when they are in childhood

Incident is what people experience about money when they are in childhood.

People need to recondition their beliefs by disassociate them. Two primary motivators are pain and pleasure. Since physical is memorable, people need to use pain and pleasure to relink those beliefs to new beliefs.

The reason people believe what they believe is because it had credibility from past information and programming. People need to re-examine their beliefs based on who they are and who they want to be.

The Steps to Change:

1)     Awareness

2)     Understanding

3)     Reconditioning

Purpose of Money

The three pillars to make people are investment, real estate, and business. Therefore, all rich people have their own business.

To become successful, people need “the right you”, “the right knowledge” and “the right vehicle”.

The reason most people do not get what they want is they do not know what they want it. Four reasons to be rich: lifestyle, contribution, who, and value added from problems you solve for other people’s lives.

The reason most people never reach their financial potential is that they are poor receiver. People tend to feel unworthy, yet people feel alive when they are worthy. Since people are conditioned to give than receive, universe will stop giving. Whether people are worthy or not worthy is all make up story. Therefore, change the story and start feeling worthy.

Money Personality

There are four types of money personality

Type	Description	Characteristic
Saver	Save money as priority	Use Money as security
Spender	Spend money as priority	Treat Money as escape goal
Avoider	Run Away from money	Avoid Money Responsibility
Monk	Do not care about money	Money and Spiritual are mixed

No matter which type, the two keys for all money personalities are balance and preset structure.

If people relationship with money is full of anger, fear, guilt, shame or sadness, it will have a negative effect on their money. Any decision-making around money will be effected by emotions and emotions will lead your income, wealth and opportunities.

Negative emotions are like stuck energy, which is a form of incomplete communication.

Reframing the Past

Angry creates the negative emotion. People drag their past relationship into their current and future relationship. People who are angry are those who are not getting what they retaliate. Those people want to be right and yet they usually are most miserable. Anger can create sickness. In addition, since people do they best at that moment, people should do necessarily forgive.

Acknowledging Successes

Success breeds success. If the mind is comfortable and used to success, success becomes your path of least resistance. People should recognize and acknowledge successes, and then celebrate successes.

The Power of Action

There are four things people want in any situation: relationship, happiness, health and wealth.

People tend to hold back from taking action is because of fear. Since people’s minds are made for survival and protection, it is automated to signal warnings and danger.

The secret to freedom is to realize that it is not necessary to believe your mind. The secret to success is to learn to act in spite of fear. Successful people have fear, but they do not let it stop them to do what they want.

The true warrior can tame the cobra of fear.

“How you do anything is how you do everything”