According to Eker's book: Rich people "play the money game to win."
Also according to Eker's book: Poor people "play the money game to not lose."
T. Harv Eker's second wealth principle, "Play the Money Game to Win," brings forth a compelling viewpoint about the attitudes towards money and financial endeavors.
From the public's vantage point, this principle underscores the difference between an aggressive, ambitious approach and a more cautious, defensive stance in the realm of financial decisions.
When Eker suggests that rich people "play the money game to win," he's emphasizing a proactive, assertive approach to wealth accumulation.
or many in the public, this resonates as a call to be bold in financial endeavors, to seek out opportunities, and to be unabashed in one's pursuit of financial success.
It suggests that the rich aren't just participating in the economic landscape but are actively aiming for significant gains.
They're setting high goals, taking calculated risks, and leveraging opportunities, always with an eye on the prize.
On the other hand, the notion that poor people "play the money game to not lose" captures a more conservative, risk-averse mindset.
This resonates with those who've felt the weight of financial insecurity and the desire to protect whatever they have, even if it means missing out on potentially lucrative opportunities.
For these individuals, the fear of loss might overshadow the allure of gain, leading to decisions that prioritize safety over growth.
While Eker's delineation provides a thought-provoking lens through which to view one's financial behaviors and mindset, public discourse also highlights the shades of gray in between these two extremes.
Some members of the public caution against the risk of oversimplification, noting that one's approach to money often results from a complex interplay of past experiences, cultural background, personal values, and even the economic environment.
Nevertheless, Eker's principle remains a potent reminder for many of the importance of mindset in the journey towards financial prosperity and the value of an ambitious, growth-oriented outlook.
Whether you agree with the author or not, we look forward to learning your thoughts when you leave your own personal rating, review and commentary on this wealth file:
Within the spectrum of Eker's teachings in "Secrets of the Millionaire Mind," the Wealth File #2, "Play the Money Game to Win," takes a direct stance on one's financial approach.
Advocating for a proactive, winning mindset towards money, this principle has garnered diverse public sentiments.
How to win the money game is one of the secrets of the millionaire mind that, not only produces financial wealth but develops a winning attitude, helping you to win in all aspects of life.
Do you realize you're playing a money game every day?
In "Wealth File #02," T. Harv Eker delves into the differing approaches to money between rich and poor people.
He posits that rich people play the money game with the intention to win, while poor people play not to lose.
This wealth file underscores the importance of having a proactive, winning mentality in financial matters, particularly in the strategy people play the money game with.
Eker explains that most people engage in the money game every day, often without realizing it.
Poor people typically adopt a defensive strategy, focusing on survival and security.
This approach, akin to playing a sport entirely on the defensive, significantly diminishes their chances of financial success.
Their goals are often limited to just getting by – paying bills and maintaining a basic standard of living.
In contrast, rich people set their sights on wealth and abundance.
Their goals are not about merely surviving or being comfortable; they aim for substantial wealth.
Eker highlights the power of intention in achieving financial goals.
If the goal is simply to pay the bills, that’s all one will achieve.
Aspiring for comfort leads to a comfortable life, but it doesn’t lead to riches.
Eker draws from personal experience, having been on all sides of the financial spectrum – from extreme poverty to comfort to wealth.
He shares anecdotes about his past struggles, including the embarrassment of paying for gas in quarters and making dining choices based on price rather than preference.
These experiences illustrate the limitations of a defensive approach to the money game.
Comfort, Eker points out, is vastly different from being rich.
When one is merely comfortable, choices are often made based on financial limitations, like choosing dishes in a restaurant by their price.
In contrast, being wealthy liberates one from such constraints in the money game, allowing choices to be made based on desire rather than cost.
Eker concludes by suggesting that aiming for comfort might prevent one from becoming rich.
However, by setting the goal to be rich, one is more likely to end up both wealthy and comfortable.
He emphasizes that mastering one’s approach to money is key to winning the money game.
In summary, Wealth File #02 from Eker’s teachings advocates for an aggressive, goal-oriented approach to money.
It encourages readers to shift their mindset from playing not to lose, to playing to win the money game.
This wealth file serves as a reminder that the intentions and goals we set significantly influence our financial outcomes and overall success in the money game.
Reviewed from the public perspective, here's what is said in praise of this Wealth File:
Many appreciate Eker's encouragement to adopt a more assertive stance toward financial goals.
They see it as a push to aim higher and not merely settle for stability.
Strategic Financial Approach:
Readers have found value in viewing financial management as a "game," suggesting strategy, adaptability, and continuous learning are integral to achieving wealth.
By differentiating between playing "to win" versus "not to lose," Eker clarifies the subtle but crucial difference between aggressive pursuit and mere defense, which resonates with a significant portion of his readers.
Reviewed from the public perspective, here's what is said in criticism of this Wealth File:
Overemphasis on Winning:
Critics argue that the principle might inadvertently breed a cutthroat mentality, potentially at the expense of ethics or long-term sustainability.
Neglect of Financial Safety:
While striving for victories is essential, some feel the principle could downplay the importance of financial safety nets and risk management.
A section of the public feels that the principle could be overlooking economic realities for many, where playing "not to lose" might be the most viable strategy due to systemic constraints.
Reviewed from the public perspective, here's what is said in subtle consideration of this Wealth File:
A stimulating discourse has emerged around personal definitions of "winning."
For some, it might not be vast wealth but achieving financial independence or specific personal goals.
Introducing the concept of finances as a "game" has led to intriguing discussions on rules, fairness, and the very structure of this so-called game.
Is everyone given an equal starting point?
Role of External Factors:
While Eker emphasizes a proactive approach, some discussants argue for a more balanced viewpoint, considering the role of external economic factors, luck, and timing in "winning" the money game.
Eker's Wealth File #2, "Play the Money Game to Win," stands as a powerful call to action for readers to reevaluate their financial strategies and ambitions.
The principle's motivational essence is broadly recognized.
Yet, it has not been exempt from critical evaluation, especially concerning the multifaceted nature of financial success.
Regardless of the stance one takes, the wealth file undeniably stimulates a deeper reflection on one's financial journey and the broader economic landscape.
Source: Secrets of the Millionaire Mind T. Harv Eker © 2003
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Has your Mind ever wondered...
The money game is your daily participation in the economy, either as someone who thrives, or somebody who survives with your choice of limitations.
Your habits determine how you play this game.
Even with a little bit of money, you can play and win the money game, especially when you understand that you have to be financially free before you can be financially rich.
How you earn, manage, plan, save, invest and spend your income and whether you make your money work for you is what sets your relationship with money apart from others, and predicts whether or not you play the money game to win, or play the money game not to lose.
By managing your money with excellence, which you would if you have a millionaire mindset (and if you don’t yet, get in touch if you'd like to learn how to develop a millionaire mindset) and sticking to your budget or an effective money management system (the sooner you start, the better), making sure to keep feeding planned funds into your passive income streams, you’re not only playing, but winning the money game.
Stick to your budget - learn this habit early and set an example for your children
Don’t make more debt
Invest in passive income streams.