Secrets of the Millionaire Mind
It’s beyond the scope of this chapter to go over every detail; however, let me give you a couple of the basics so you can get started.
Open a separate bank account designated your Financial Freedom Account. Put 10 percent of every dollar you receive (after taxes) into this fund. This money is only to be used for investments and buying or creating passive-income streams. The job of this account is to build a golden goose that lays golden eggs called passive income. And when do you get to spend this money? Never! It is never spent – only invested. Eventually, when you retire, you get to spend the income from the fund (the eggs), but never the principal itself. In this way, it always keeps growing and you can never go broke.
One of our students, named Emma, recently told me her story. Two years ago Emma was about to claim bankruptcy. She didn’t want to; however, she felt she had no other option. She was in debt beyond what she could handle. Then she attended the Millionaire Mind Intensive Seminar and learned about the money management system. Emma said, “This is it. This is how I’m going to get out of this mess!”
Emma, like all the participants, was told to divide her money into several different accounts. “That’s just great,” she thought to herself. “I don’t have any money to divide up!” But since she wanted to try, Emma decided to divide up $1 a month into the accounts. Yes, that’s right, only $1 a month.
Based on the allocation system we teach, using that one dollar, she put ten cents into her FFA (Financial Freedom Account). The first thing she thought to herself was
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