In the book "The Secrets of the Millionaire Mind," author T. Harv Eker reveals the 4 pillars we should focus on to achieve wealth and the long-awaited financial freedom. Let's explore the secrets that few apply on their journey.

Increase Your Income
The first pillar is to increase the amount of money you earn every month. Nowadays, there are countless ways to generate extra income, especially due to the wealth of information on the internet. For example, you can sell digital or physical products; all it takes is to enhance your skills in Digital Marketing. You can also ask for a raise at your job, take courses to improve your skills, start a business, join a network marketing company, among other options. Think of ways to boost your income and put them into practice. It may seem obvious, but it's always worth remembering that those who earn more money have more opportunities to save, invest, and achieve financial freedom.

Increase Your Savings
The second pillar is not just about earning money but also about saving more. Consider this: someone who earns $5,000 per month and spends it all, sometimes even more than that, has less chance of achieving a wealthier future compared to someone who earns half of that amount but saves $500 every month. You should put your capital to work in pursuit of your wealth, and without money left over, it's impossible. The primary purpose of the extra money coming in each month should not be consumption but rather investment. Think about your capital continuously working for you.

Increase the Returns on Your Investments
Having extra money doesn't help much if it remains idle without yielding a good return and is constantly eroded by inflation. Therefore, seek investments with higher profitability. If you have a more aggressive risk tolerance, invest in stocks, even though they may have some periods of losses, they tend to provide higher returns in the long run compared to fixed-income investments. In our channel, we will cover both fixed and variable income, so make sure to hit the like button and subscribe so you don't miss anything. The same principle applies to real estate that is not appreciating and doesn't provide a good return on rent (at least 0.6% of its value). Depending on the property's condition and the market, consider whether it's better to sell it and invest the proceeds in another investment.

Simplification
Lastly, this is the key to wealth, the most important of the 4 focuses, and it's often neglected by people. Simplification is the ability to reduce your expenses by adopting a lifestyle that relies less on money. With fewer expenses, you can save and invest more, helping you reach your financial goals more quickly. Being rich is not just about money but also about perspective.

When talking about simplification, "The Secrets of the Millionaire Mind" tells the story of Sue, a 23-year-old who bought a house for just under $300,000 and sold it for over $600,000 seven years later. Instead of buying a bigger and more expensive house (a decision that most people would make), she chose to invest her money at a 10% annual interest rate and simplify her lifestyle. Sue moved in with her sister, quit her job that she didn't like, and even though she didn't need to work anymore, she found a job she enjoyed. However, Sue only works for 6 months a year, spending the other 6 months in the Fiji Islands, a tropical paradise where her money goes further due to favorable exchange rates, and where she spends less by living among the locals.

What does being rich mean to you? If your answer is to stop working, have more time to enjoy your family, and live off your investments while maintaining your standard of living, you are closer to achieving wealth compared to those who believe that being rich means having a beachfront house with 8 bedrooms, 6 imported cars in the garage, and living a lavish lifestyle. There's nothing wrong with the latter model of wealth, but it will take much longer to achieve. I hope you enjoyed the video, and don't forget to like and share your opinion about what being rich means to you in the comments.
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