Seminar - Millionaire Mind Intensive
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Overall Seminar Rating: A - Staff
Who Should Attend: Just about anyone
Would I Attend Again: No. For myself, an initial attendance of the seminar is enough. Harv’s book is a complete summary of the program, which I have used for review.
Cost: In Dollars, Free, but it does take a lot of time in the program itself and in re-coup.
What Is It?
The Millionaire Mind Intensive is a 3-day free seminar put on by Peak Potentials Training. The primary purpose of the seminar is as a lead in to their other product and seminar sales. However, the content does provide financial awareness and tools to creating wealth and life balance. You can expect between 1000 and 3000 people in attendance, depending on the location.
To Sum It Up
They start the Millionaire Mind Intensive with just a little too much hype, in my opinion. It was a little overwhelming... okay it was downright freaky! I contemplated leaving after the first ten minutes, but I stuck it out, and I am very glad I did. Although the program periodically reverted back to evangelical tendencies, the substance of the material being offered was fantastic. This program pretty much follows Harv Eker's Millionaire Mind book to the letter. In fact, it doesn't matter who is actually speaking, the same stories and examples are used. The primary bonus of the Intensive is that they take you through numerous exercises in order to really hit home with the lessons. It is a much more interactive approach, and may be useful for those who find taking action on their finances a bit challenging.
The Millionaire Mind Intensive is focused on identifying your beliefs about money and wealth, deconstructing them, and then reconstructing them to move you towards financial freedom. Financial freedom can be defined many ways, but the way I would describe it is having a "principle" invested (in businesses, stocks, bonds, real estate, etc.) that produces enough monthly income / cash flow for you to live off of. Thus, you never HAVE to work again. You work because you choose to.
I have always been financially stable. I am a "saver". Although I have never had to worry much about money, I felt as though I really wasn't going anywhere, and I certainly wasn't rich. When I returned from the Millionaire Mind Intensive, I implemented the strategies they recommended. Within three months I was financially free! For myself, the money was already there, I just didn’t know how to make it work for me. Others may need to build the wealth as well, not a problem. I believe their program is very helpful for spenders, savers, and people who just don't even want to look at money.
Now, there are a few areas that I believe deserve some special attention.
Sales
They use a lot of scarcity, deep discounting, and at-seminar pricing to try to sell you on their other seminars. Come on you really didn't think you could go to a free seminar without a bunch of upsales, did you? Just keep a few things in mind...
The Millionaire Mind Intensive, at least the one I attended, really did appear to run seamlessly. Although I am not a proponent of using volunteers in a profit-turning corporation, it looked as though the volunteers were used in a reasonable capacity. It was always easy to find a staff member or volunteer on hand to assist you, however, don't expect them to have the answer to your questions. They were all quite nice, and tried to be helpful, but in general there always seemed to be a lack of knowledge about...well...just about everything that had to do with the seminar and Peak Potentials. What time do we have to be back from lunch? How long is the seminar? What will the seminar entail? Do you have any other payment options? Almost every question was met with a "let me go find someone who can answer that for you". It was also odd to me that almost every staff member and volunteer that I spoke with had not even attended any of the other seminars! Thus, this blog has been created to answer a few of your questions.
Structure
They are not kidding when they say "intensive". Aside from brief lunch and dinner breaks, you are there all day from early in the morning until very late at night. I believe one of the days ran from 7am to 11pm. If you can, schedule to take the morning off after the seminar in order to catch up on your sleep a bit, and to give you time to process everything. You are let go for the meal breaks, and will need to find food in the surrounding area. Be sure to bring snacks and some water with you just in case. Every two to four hours they do give you a break for either 15 minutes, or for about an hour and a half for lunch and dinner. The substance of the program involved "lecture" style lessons intermixed with audience participation, group and individual exercises, and sales pitches. The sales pitches always came just before a break. This allows you the time to purchase the seminar or product they were selling immediately following the sales pitch. If you aren't that interested in what they are selling, the beginning of the sales pitch is a safe cue that a break is arriving, and you may be able to escape a bit early.
Let Go a Little
I am a skeptic, and was very concerned about their tactics. My guard was constantly up. Aside from trying to sell you on all of their seminars, their tactics are fairly benign. Don't be afraid to get involved in the lessons, and just have fun with it, even if it does seem a little (or a lot) hokey. Create a rule, or budget, with yourself before attending on how much you will allow yourself to spend, or if you won’t be spending anything at all. If you hold fast to this rule, you can enjoy the program and ignore the pressure.
Taking Home the Lessons
I do recommend that you attend the seminar with a loved one, a friend, or a roommate. It really helps to have those closest to you share the same understandings about money, wealth, and how to become financially free. I went with my spouse, and we are now both on the same financial page. After the intensive, make sure you spend some time talking about what lessons you took from it. Now this is the kicker, you must take action right away to set up your financial plan... and stick to it! At first, we though we were different. Harv Eker's lessons were useful, but there is no way that some of his suggestions would work for us. I was wrong. Use his "jar" system, but modify it work for you. Eventually you may change it, but it is an excellent way to get you on track, and to help to immediately implement some of the lessons you have learned. I manage my "jars" in QuickBooks, this works more efficiently for me. I have spoken with many people who feebly put the "jar" system into play, but didn't follow it. They have gone absolutely nowhere since the intensive! Don't just go home and go back to your old routine once the hype of the seminar wears off, do something!
Kids?
If your kids are making money in any way, this seminar could be a very useful money management starter for them as well. There were many teenagers and people in their early twenties at the seminar.
Follow-up – Life After the Millionaire Mind Intensive
Harv gave everyone a workbook to take home and use for 90 days, comprised of declarations and simple daily to do’s. The workbook activities take only about 10 min per day. In addition, he urged everyone to try out the “jar system”. Both of these programs cost you nothing. So, how many people did something with it? I followed the workbook for approximately 60 days, and then moved into my own daily program. I did follow the jar system, but have since modified it to fit better into my financial portfolio. I can say that my financial organization has gone up a notch, I have opened my mind up to investing, and I have created my financial freedom. I am the type of personality that really sticks with things though, and I have no problem in following a structure. To get a more realistic picture of the effectiveness of Harv’s program, I spoke with about 20 other individuals who went through Harv’s MMI. Most were people who were pleased enough with the MMI to purchase other seminars from Peak Potentials. The results? Not one of them managed to stick with the 10 minute a day workbook for more than a month, and not one of them had figured out how to implement the jar system into their life effectively. They were each excited by the concepts, but went home after the MMI, caught up on some sleep, and quickly fell back into their daily routine. Not one of them has become financially free since the program. Hmmm….