Becoming a millionaire is not just a matter of book smarts. There is a psychology of wealth.

We've all heard stories of person who dropped out of high school and went on to become a millionaire after they invented some product or offered a new service, living happily ever after.

And we've heard about person with a college education and above-average I.Q. who winds up in a succession of minimum wage jobs and never achieves financial success that seemed almost inevitable when they were in school.

What happened?

According to T. Harv Eker, best-selling author and creator of Millionaire Mind Intensive Seminar, what happened was a major difference in 'money blueprint' of these two individuals.

The subconscious beliefs we have about money, wealth and success determine kind of results we get in our life. The so-called 'money blueprint' has a great deal more to do with where we wind up financially than what we are traditionally taught in school.

If you could get into head of a millionaire and learn their secrets of millionaire mind, you would see that they consistently think differently about money and success than people of lesser means.

Harv Eker says it this way; 'Your inner world determines your outer world'. It works in a logical sequence of steps. Your thoughts determine how you feel, your feelings determine your actions and your actions lead to your results.

There are no secrets to repairing your credit. Many shady credit repair agencies would love you to think contrary. Negative items can be removed from your credit report and you can do it yourself. One does not need a credit repair “expert” or “law firm” to do it either. While credit world can seem complex to average individual, basics are really simple once you know them.

Fact: You can remove negative items from your credit report.

According to FCRA, you have legal right to dispute any piece of information with a credit bureau. Upon doing so, credit bureau then has 30 calendar days to investigate item(s). After that time, credit bureau will either update item as you request or leave it alone if they proved it was correct to begin with. If you submit additional information on dispute during 30 days, credit bureau is allowed to take an additional 15 days. Disputes can be submitted online at credit bureau’s site or simply sent via postal mail, which happens to be my recommendation. Disputes sent in based on free credit report now provided under FACTA are given 45 days to resolve.

Myth: Collection agencies can call you anytime and do as they please.

To stop collection agencies from calling you, simply send them a cease and desist letter stating they are only allowed to contact you via postal mail. This ability is afforded you via FDCPA. Collection agencies have a series of actions they must do to be in compliance. You would be surprised at just how many FCRA and FDCPA violations are committed on a daily basis by many collection agencies. Never speak with a collection agency over phone. Conducting discussions via written form is best because you have proof.

Fact: Paying a collection account will not improve your score.

As far as credit scores go, a paid collection account is same as an unpaid one. Your official credit score is called a FICO score. It takes into account many things such as:

• Age of overall credit file.
• Number of accounts in good standing.
• Number of accounts delinquent.
• Negative items: liens, bankruptcies, repossessions, etc.
• Time since negative item was created.
• Amount of your credit being used (utilization).
• New account under six months old (which hurt your credit).
• Number of hard inquiries.