T. Harv Eker 8 principles of Speed Wealth!

About T. Harv Eker

Using the principles he teaches, T. Harv Eker went from zero to millionaire in only 2 1/2 years! He combines a unique brand of ‘street-smarts with heart’.

Eker’s high-energy, ‘cut-to-the-chase’ style keeps his audience spellbound. T. Harv Eker’s motto is "talk is cheap" and his unique ability is getting people to take "action" in the real world to produce real success.

Eker is the author of the best-selling books, Secrets of the Millionaire Mind and SpeedWealth. He has also developed several highly-acclaimed courses such as The Millionaire Mind Intensive, Life Directions, Wizard Training and Train the Trainer. He is also the producer and trainer of the world-famous Enlightened Warrior Training.

T. Harv Eker is the son of European immigrants who came to North America with only thirty dollars to their name. He grew up in Toronto, but spent most of his adult years in the United States.

Money was scarce throughout his childhood, so at thirteen, Eker began his work career. As a teen he delivered newspapers, scooped ice cream, sold novelties at fairs, and suntan lotions at the beach. After a year at York University, he decided to take time off to pursue his dream of becoming a millionaire.

During his early adult years, he lived in five different cities, including Lake Tahoe and Ft. Lauderdale. He had a variety of jobs and started more than a dozen different businesses, but regardless of what he did, or how hard he worked, he just couldn’t achieve success.

Finally after many years of frustration, Eker hit the jackpot. He opened one of the first retail fitness stores in North America and grew the business to ten stores in only two and a half years. He then sold part of the company to a Fortune 500 corporation.

With the sale, Eker reached his dream. He was finally a millionaire; however, in less than two years, the money was gone. Through a combination of poor investments and unchecked spending, Eker was back at his original net worth … again.

It was at that point that Eker began developing his theories about people’s mental and emotional relationship to money. He realized that his "inner-money thermostat" was set for a specific amount of financial success, and that everyone else had a financial set point too. His most profound discovery was that this money blueprint could be changed. Using the principles and practices found in his book, Secrets of the Millionaire Mind, Eker reset his own blueprint to not only create success, but to keep it and grow it, and become a multi-millionaire.

During his years of struggle, Eker vowed that should he ever get rich, he would help others do the same. He has kept his promise. He has already touched the lives of over 1.5 million people, helping them move closer to their goal of true financial freedom.

The 8 Principles of SpeedWealth:

1. Develop a Speedwealth mindset
2. Deliver massive value
3. Timing: Choosing the right business at Right Time
4. Systemize
5. Duplicate
6. Leverage
7. Cashing out
8. Do it Now!

1. Develop a SpeedWealth Mindset

It’s important to understand that success is a learnable skill. You can always be more, have more and do more because you can always learn more.

2. Deliver Massive Value

T. Harv Eker defines money as a convenient symbol that represents and measures the value of goods and services exchanged between people. He describes the “Law of Income”, which is: You will be paid in direct proportion to the value you deliver according to the marketplace.

If you don’t deliver a lot, you don’t get paid a lot. Simple.

3. Timing: Choose the Right Business at the Right Time

Timing is everything in business. Choosing the right vehicle at the right time is a rarely and highly profitable skill that can be learned. You have to learn how to gauge and time the market – you have to know when to get in and when to get out.

It’s also important to make sure that you model success, instead of trying to reinvent the wheel.

4. Systemize

This is an important concept for every business, which is also talked about extensively in Michael Gerber’s book, The E-Myth. In SpeedWealth, Harv talks about how a business system is a repeatable process that produces a profit. The key philosophy in SpeedWealth and also in The E-Myth is to work ON the business, not IN the business.

The system is what gives you freedom. And once you’ve developed the system, and it works, you keep doing it again and again. Once you’ve systemized your business and it produces a steady cashflow of passive income, you simply duplicate it.

5. Duplicate

As mentioned, once you have a system that works, you then concentrate on duplicating it. You essentially learn how to leverage your business and scale it up to add value to more people.

But again, the system has to come first.

6. Leverage

The key here is to work smarter, not harder. One of T. Harv Eker’s business motto’s in SpeedWealth is: “If you’re not using leverage, you’re working too hard, and earning too little!”

You need to focus on replacing yourself in the business, whether that’s with technology, systems, employees, or even virtual assistants. You want to leverage yourself so that you can add value to others and make money while you’re SLEEPING.

He talks about examples of leveraging yourself, such as creating products or even licensing your product.

7. Cashing Out

A SpeedWealth entrepreneur starts with the end in mind. Harv talks about how once you’ve set up your systems and everything the right way, you either then have the option to keep it as a passive income stream or sell the business. But, no one will buy your business if it depends on you – that’s why you need to set up the systems so your business can run without you.

It’s important to start a business with the intention of “cashing out”, as you then are developing a systemized business process that is worth more as an asset. T. Harv Eker talks about his business FitnessLand that he sold for over a million dollars to Heinz (the Ketchup people), because of this process.

8. Do It Now!

Life is short. Whatever you want to do, do it now. Nothing is possible without taking massive action.

Harv says that the best three words of advice he’s ever heard about money is, “Get it handled!”

Money is an important TOOL. Money is like lubricant, going through life without it is very, very, rough. Money may not be able to buy happiness, but it can buy you FREEDOM.

If you’re someone who’s been putting off starting a business or a project, do it NOW!

If you need a soft copy or a downloadable copy of Speedwealth, please drop me a message.