Last Friday I got to hear secrets about being rich from a millionaire TJEd dad, Jerry Norton, at the SLC Friday portion of the Thomas Jefferson Education Forum, in the Salt Palace. Jerry is the father of soon to be six kids and lives in Michigan where he and his wife live a fabulous homeschooling lifestyle with dad working at home, ready to play with the kids whenever he wants, especially in their backyard lake. He makes tons of money doing real estate deals, like fixing and flipping houses, and doing real estate “backflips.”  Nicholeen Peck of http://teachingselfgovernment.com fame was there, and she talked about being at Jerry’s home in Michigan since they are friends, and that he is super fun homeschooling dad. Here he is having fun on the water:

I enjoyed his seminar.  He based a lot of it on the book, Secrets of the Millionaire Mind, which ironically, my husband just bought at a T. Harv Eker event. Kirk Duncan of http://3keyelements.com got his start at a similar event, the Millionaire Mind Intensive. So here was a second witness of T. Harv Eker and his book. I was pleased to learn that Jerry got his material from Harv’s book because that meant I didn’t have to catch everything Jerry said, I had the book waiting for me at home with the declarations he was sharing.

For the first half of the seminar, Jerry went through the declarations, or “wealth files,” or principles of wealth in the Millionaire Mind Book. He talked about how important it is to reprogram ourselves with these files because to become wealthy, you have to learn to think like a rich person. He shared that you can’t change the “fruits” or results until you change the cause, or “roots,” meaning, your subconscious mind. There’s the tree motif again!

These principles or declarations are listed below:

“My inner world creates my outer world.”

“ What I heard about money isn’t necessarily true. I choose to adopt new ways

of thinking that support my happiness and success.”

“What I modeled around money was their way. I choose my way.”

“ I release my nonsupportive money experiences from the past and create a
new and rich future.”

“I observe my thoughts and entertain only those that empower me.”

“I create the exact level of my financial success!”

“My goal is to become a millionaire and more!”

“I commit to being rich.”

“I think big! I choose to help thousands and thousands of people!”

“I promote my value to others with passion and enthusiasm.”

“ I am an excellent receiver. I am open and willing to receive massive amounts
of money into my life.”

“I choose to get paid based on my results.”

“I always think ‘both.’ ”

“I focus on building my net worth!”

“I am an excellent money manager.”

“My money works hard for me and makes me more and more money.”

“I am committed to constantly learning and growing.”

After going through the wealth files, Jerry explained the cashflow quadrant that comes from Robert Kiyosaki in the above book. I have read most of this book so I was very familiar with the terms.

Then Jerry explained the seven levels of investors. He said that he got these levels from John Burley. John’s free ebook about this is here http://www.lulu.com/shop/john-burley/seven-levels-of-investors/ebook/product-659558.html. Kiyosaki also goes through these seven levels in his above pictured book.

Here’s a brief summary of the seven levels:

7 Levels of Investors according to Kiyosaki

Level 0: Those with nothing to Invest
50% of adult population

Level 1: Borrowers
Pay up to 24% interest
Anything owned of value is financed with debt

Level 2: Savers
Earn 3-5% on savings
Save to consume rather than to invest

Level 3: “Smart” Investors
“Head in Sand”
“Cynics” (fear + ignorance = arrogance)
“Gamblers” (faking it)

Level 4: Long-Term Investors
Earn 8-12% Compounded
Periodic, tax-advantaged, diversified

Level 5: Sophisticated Investors
Earn 25% and up
Focused, not diversified

Level 6: Capitalists
Earn 100% and up
Create investments to sell to the market

From Level 5 to Level 6, the investor assumes more responsibility.

Then Jerry let his 11-year-old son take the floor and present about how to make money on ebay. This little kid was so cute! He said his best month was when he made over $700 on ebay. Wow! In another post I will share his secrets. Jerry said that part of his family’s homeschooling curriculum is to teach their kids to sell stuff on ebay. The older kids are now teaching the younger ones. I had to laugh when I heard what the younger kids have sold, like a bag of pinecones. I can just see my little kids coming up with odd things to sell.

My 10 year old is totally inspired by this kid’s example and we are starting his ebay store today. I am hoping this means he will be earning the money he’s been wanting lately without too many trips to the post office on my part.

If you want to learn more about Jerry and how you can get mentored by him so you can make a LOT of money, after you have your millionaire mindset, go to http://realestatebackflips.com