A Simple Guide to Inner Wealth

The Fundamental Divide: Rich Minds and Poor Minds

This will be in the form of a Newsletter, so bear with me 🙂

The book, Voice of the Wallet, is presented as a crucial conversation between two entities—Wallet Max, the wise mentor, and Wallet Vex, the eager pupil. Max immediately sets the stage by claiming that only two types of people exist in this world: the rich and the poor. The difference between them is not merely the money they hold, but their fundamental mindset.

Money itself is described as energy that acts according to a person’s mindset. People experiencing poverty often perceive money as evil, whereas those in wealth regard it as fire. Like fire, money is powerful and capable of acquiring anything it touches, but unless you become the master to handle it, it will overpower you and make you a slave. Money also has a strong sense of security and will reach people who are competent and respectful to handle it wisely.

The approach to generating wealth differs significantly between the two mindsets. Poor people are inclined to seek quick money, which the book calls “hunting”. Conversely, rich people employ a growth mindset of “farming”. This involves planting a seed, nurturing it for months, and protecting it for years to eventually create wealth. The poor man often digs up the seed two days after planting to check if it is growing. Rich people, prioritizing wealth creation, maintain a clear vision for the next ten plus years, dividing their plans into annual, monthly, weekly, and even hourly steps.

The Enemy Within: Defeating EGO

One of the most destructive forces discussed is the EGO, which Wallet Max defines simply as “Emotions Go”. Ego is the present state which you resist changing. Whether rich or poor, EGO is an invisible obstacle. When the poor are stuck in poverty, EGO will unconsciously suppress their abilities to take the next step. For the rich, EGO often manifests as overconfidence regarding their finances.

The book uses a powerful story to illustrate EGO: A hungry dog, running from a pack, realized the other dogs were not chasing him, but the last bit of meat he held in his mouth. When he dropped the meat (the EGO), he achieved freedom. Max teaches that by dropping your ego, your life will become free, and your chances of moving to the next level will increase.

The counter-attack to EGO is Acceptance, which is described as an art. Acceptance is the state of mind where your ego is defeated by your own mind. If you are rigid with ego, laziness, and blaming others, you cannot open the happiness of your life. This is true for the rich and poor alike.

Addressing Pain and Achieving True Transformation

Many people choose to live with various forms of pain—Dream pain, financial pain, career pain—but fail to act. The book shares the analogy of a naughty dog that howls nightly because its tail is pressed by a rocking chair, yet refuses to move half a foot away to stop the pain because it is too lazy. This illustrates that the majority of people simply “sit and howl” instead of taking action because the “pokes are not painful enough”. To achieve dreams faster, you must act and deal with pain immediately before humiliation occurs or it becomes too late to do anything.

For success to be lasting, transformation is key. Wallet Max emphasizes that transformation is a lifestyle, not a temporary change. The actual percentage of internal transformation should be greater than 95%. External changes, such as buying good clothes or shoes, account for only 5%. External activities can be copied, but the 95% internal mindset shift cannot. If you return to your old ways, transformation can be reversed, hence why internal focus leads to alignment, focus, and realizing your dream.

Dealing with Dream Stealers: The Deaf Frog Strategy

As you begin to transform, you will encounter Dream Stealers (Nay Sayers or Critics). They are described as a powerful, invisible force found everywhere—in your house, at your office desk—who inject negative thoughts and can make you believe you are unworthy. These critics attempt to destroy your beliefs with phrases like, “That is not possible!” or “You will never succeed”.

The defense mechanism Max provides is to act as if you are a deaf frog. When people say you cannot succeed, give unconstructive feedback, or put you down, you must act deaf. By staying deaf, negative words won’t have an impact on your life. The book encourages readers to stay focused on their goal and vision, and to pursue it relentlessly. Critically, Wallet Max notes that your critic can be the best person from whom you can learn about your negative behavior and correct it.

Finding Purpose and Defining Dreams with A.P.P.L.E.

A crucial parameter for success is finding your purpose in life or your ultimate “Why”. This concept is highlighted by the story of the dog chasing the rabbit: the rabbit escaped because it was running for its life, while the dog was only running for its dinner.

To ensure dreams are concrete and achievable, they must fit the A.P.P.L.E. framework. Every dream should be:

• Attainable (feasible).
• Practical (corresponds to your current life situation).
• Promising (a firm belief in the outcome).
• Life Span (must include a due date). Without a due date, the dream remains a wish list item.
• Exact (visualizing exactly how it will be realized).

Finally, the book stresses that your success is a reflection of your ownership. It is your responsibility to stay focused on your vision. When ownership is lacking, a person becomes like a “sheep with a dumb mind” that just follows the crowd. You must take complete ownership to achieve a convincing victory.