T. Harv Eker recounts a personal anecdote: after years of financial struggle he devoted about six months to studying wealthy businesspeople (books, magazines, archives) and distilled seven common principles (later adding an eighth). Using these insights, he launched a new business financed with a $2,000 credit-card loan and became a millionaire within roughly two and a half years. He contrasts his prior unsuccessful habits with the new approach and notes others were surprised by his results.
Questions this video answers
About six months.
A $2,000 credit-card loan.
Approximately two and a half years.
Chapters
If you want to be a rich. A rich person in business. Have you ever thought of studying rich business people? And at the time, I was like, nah, you know, I'll just make it on my own. I mean, I'll figure it out and, you know, I'll go to a few seminars and read a few books, and I'll figure it out eventually, right? But it wasn't happening. So because I was. I wasn't. I had been between businesses and was between jobs. I took the next, believe it or not, six months, and all I did was study rich business people. And I went through books and magazines and newspaper articles and went to the library. And in the end, I put together this set of principles, actually with seven principles, and I added an eighth one after seven principles they all seem to have in common. And I put them together, and the next business I opened, I started with a $2,000 credit card loan. I had no money, became a millionaire within two and a half years using the system. And I went like, okay, this. Puzzle pieces, they go together and they actually form wealth. That's cool, right? So all these people that. That used to know me when I was, you know, broke, which for over a decade would say, you know, like. Like, look at your car, look at your house. Like, how did that happen? And I'd go, well, for 10 years, and really, I used to think and act and do business and do my money like this. And that didn't work. And so I changed all of that around, and I started doing this, and that worked. And I started telling them the difference between this, that didn't work and this, that did work. And they were all enthralled because they were all doing this. It didn't work. Like me learning from the same people, going to the same seminars, reading the same books, you know, trying it out themselves. It didn't work. And everything I was talking about was kind of new to them.
