Over 80 years ago, Napoleon Hill was a journalist working on a story about successful people.
One day he interviewed Andrew Carnegie, who was a steel industrialist and one of the wealthiest people in the United States at the time. Carnegie was so impressed by Napoleon Hill that he offered him a commission that would last over 20 years.
Carnegie commissioned Napoleon Hill to interview over 500 millionaires to find a formula for success that would be useful to a regular person. Hill ended up interviewing many very famous, rich and successful people including:
This book is the result of all that research. Now, some people may laugh and say, who is dumb enough to believe they can sit around thinking and growing rich like this book promises?
But the truth is… the ONLY way anybody has gotten rich started with a thought in their head!
For example, Apple Computers and the iPhone started as humble thoughts in Steve Job’s head, long before they were translated into physical reality. And those thoughts in the head of a 20 year old tripped-out hippie built what is right now one of the most valuable companies in the world.
80 years ago, a very wealthy steel industrialist named Andrew Carnegie commissioned Napoleon Hill to interview 500 millionaires to find a formula for success. This book is the result of that research, saying we can grow rich starting by thinking differently.
Henry Ford, who built a great fortune selling cars in America, was driven by a burning desire. One day Ford wanted to create a more powerful 8 cylinder engine cast into one block. All the experts said this couldn’t be done. After the design of the new engine had been drawn on paper, his own engineers assured Ford that couldn’t be done.
Six months later, there was no progress. Ford told his engineers to keep working anyway, until the problem was solved. Another six months passed with little results. Then all of a sudden, like a stroke of magic, the secret to producing the engine was discovered.
A long time ago, a great warrior landed on enemy shores with his army. The first thing he did was tell his soldiers to burn their boats so they had no way to retreat. This meant his soldiers knew they had to win the upcoming battles, or they died. And they gave 100% of their efforts to winning because there was no option to retreat anymore. In the same way, those who succeed in any difficult undertaking cut all sources of retreat. And this fuels their burning desire for success.
The starting point of all riches is a burning desire for them. This is the emotional fuel that drives people to success. Henry Ford’s burning desire for success kept his team working on a new engine design for a year when everyone said it was impossible. In the end, Ford’s strong desire won.
Edwin C. Barnes always dreamed of partnering with Thomas Edison, the famous inventor. The problem was that Barnes was a nobody. He had no money, no connections and no real skills.
So what did he do? He hopped on a freight train (because it was the cheapest way) then travelled to Edison’s front door and asked for a job. Edison says that although Barnes looked like a regular homeless person on his doorstep, he could see some spark of determination in his eyes. So he gave Barnes a basic job.
Then Barnes had to endure many years of menial work. Some would have seen this as a failure. After all, Barnes had come to work WITH Edison, not FOR him! But Barnes knew he was in the right place to make his dreams a reality. He kept working while keeping his eyes open for opportunity.
And eventually opportunity did come to Barnes in the form of a strange new invention called the Edison Dictating Machine.
Edison’s regular salespeople said they couldn’t sell this new invention, so Barnes jumped on the chance. And he sold this machine so successfully that Edison made him his partner to market and distribute the machine all over the country.
98% of people you meet have vague wishes for money, security, happiness, fame or power. They want a life of ease, perhaps social recognition or expression through art, music or writing. Yet not one of those people will have definite plans for achieving any of that!
As Napoleon Hill says, “riches do not respond to wishes.” They only respond to clear and definite goals. To attain riches, you must have a clear direction where you are going. And you must know exactly when you start getting off track from your definite plans so you can take immediate steps to correct your behavior.
Edwin C. Barnes went from being a nobody to Thomas Edison’s business partner because he had a very clear goal. 98% of people have vague wishes for money or other things, but no definite goals. “Riches do not respond to wishes” but only defined articulated plans.
One of the most common causes of failure is the habit of quitting when one is overtaken by temporary defeat.
R.U. Darby was one of the most successful insurance salesmen in the country. When asked what motivated him, he told the story of his uncle.
Uncle Darby had gone west during the gold rush years to dig and grow rich. He dug in fields until he discovered gold ore, then he quietly bought the field and mining machinery to dig up the gold. Unfortunately, when he began digging again the gold vein he’d discovered suddenly ended. He dug a around further, but couldn’t see any more gold. So he quit and sold the machinery to a junk man and went home.
The junk man was smarter than he looked. He hired an engineer to look at the spot where Uncle Darby had been digging. The engineer said the uncle was unaware of “fault lines” and that the gold vein continued just 3 feet from where he had stopped digging! So the junk man continued digging in the same spot and quickly became a millionaire. Remembering this story in his profession as an insurance salesman, Darby said to himself:
‘I stopped three feet from gold, but I will never stop because men say “no” when I ask them to buy insurance.’
Most people quit at the first sign of adversity or bad luck. A few keep going in spite of that. Those few become the Jeff Bezos, Bill Gates and Elon Musks of the world. When you face temporary defeat, take it as a sign that you need to revise your plans to make them more robust.
Persistence is a hallmark in the life story of every successful person. This means continuing in spite of inevitable adversity, bad luck or failure. Learn from the mistake of Uncle Darby, who gave up digging just 3 feet from gold.
5. Fear of Criticism: Often the Biggest Obstacle to Riches
Napoleon Hill says there are six major fears that stop people from attaining riches. They are:
- The fear of poverty
- The fear of criticism
- The fear of ill health
- The fear of loss of love of someone
- The fear of old age
- The fear of death
Let’s focus on the fear of criticism, because this is one of the most powerful fears that affects most of us. Criticism can often make people lose hope and feel depressed. At the very least, most people feel very uncomfortable with receiving criticism.
The worst part is, our close relatives are often the worst offenders. Parents often demoralize kids through criticizing their dreams rather than offering constructive suggestion. Even as adults, we can feel handicapped by the uninformed opinions or ridicule of others, which is often jealousy thinly disguised as humour.
Guglielmo Marconi, now known as the inventor of the radio, was hauled into a psychiatric hospital by his friends. Why? Because when he said he had discovered how to send messages through the air without wires, his “friends” thought he needed to have his head examined!
Every successful person has received a great share of criticism. Arnold Schwarzenegger was criticized for his acting ability, before becoming the highest paid action movie star. Michael Jordan was criticized for being too old to play basketball, before coming back and winning the MVP award multiple times. Even Napoleon Hill, when first commissioned to write books about success, his first thought was “what will people think?”
The fear of criticism, ridicule and “what will people think” sabotages many people’s dreams before they even begin. It is essential to move past this fear through recognizing that every great person faced criticism at one point, even from their own family and friends!
6. The Six Steps: For Turning Desire Into Riches
Wishing will not bring riches. But desiring riches with a state of mind that becomes an obsession, then planning definite ways and means to acquire riches, and backing those plans with persistence which does not recognize failure, will bring riches.
In the book, Napoleon Hill offers a clear six step action plan to allow us to turn our desires into riches. Here it is:
- Decide exactly how much money you want.
- Decide exactly what you will give in return for this money.
- Decide an exact date you will get the money by.
- Create a definite plan, then begin working the plan right away, whether you are “ready” or not.
- Write out those first four steps on a sheet of paper and….
6. Read your written statement aloud, twice daily, once just before retiring at night, and once after rising in the morning. AS YOU READ, SEE AND FEEL AND BELIEVE YOURSELF ALREADY IN POSSESSION OF THE MONEY.
As you can see, this six step plan puts together the last lessons from this book together into something practical. This is how you can get clear on your desires, turn them into definite goals that you can pursue with persistence. This is a slip of paper which you can look at and read daily that will keep you on track towards riches. And soon we’ll learn more about why this process works. (Because it speaks directly towards your subconscious mind.)
Write down on a sheet of paper: 1. How much money you want 2. What you’ll do for it 3. When you’ll get it by 4. Create a definite plan and start working it 5. Write this all down on paper and 6. Read the statement aloud twice daily while feeling yourself already in possession of the money.
7. Autosuggestion: The Way to Reach Your Subconscious Mind
Napoleon Hill says we can reach our subconscious mind through our five senses. This means we can have total control over what material reaches our subconscious mind by limiting what our five senses are exposed to. And a powerful technique for talking directly to our subconscious minds is called autosuggestion.
Autosuggestion is done by going to a quiet place and reading aloud your definite statement about money and plan for getting it. But to really make this work, your words must be infused with faith and emotion.
- Faith is simply the belief or expectation that your desire will manifest in physical form.
- Emotion or feeling are absolutely essential, mixing emotion with your words is what gives them power.
ALL THOUGHTS WHICH HAVE BEEN EMOTIONALIZED (given feeling) AND MIXED WITH FAITH begin immediately to translate themselves into their physical equivalent or counterpart.
Autosuggestion is reading aloud your six step statement about money. But for your words to reach your subconscious mind, you must infuse them with strong emotions and faith.
8. Specialized Knowledge: When Put to Use Becomes Power
Henry Ford never made it to high school, let alone university. Yet he built one of the greatest and most innovative companies of his time. One story illustrates why.
During World War 1, Henry Ford was called an “ignorant pacifist” by a Chicago newspaper. He sued the newspaper, and in court the newspaper’s lawyers asked him many questions to prove he was ignorant. These were general questions like “How many soldiers did the British send over to stop the American Rebellion in 1776?” and so on. Well, at some point Ford got tired of these pointless questions so he told the lawyer:
‘If I should really want to answer the foolish question you have just asked, or any of the other questions you have been asking me, let me remind you that I have a row of electric push-buttons on my desk, and by pushing the right button, I can summon to my aid people who can answer any question I desire to ask concerning the business to which I am devoting most of my efforts. Now, will you kindly tell me why I should clutter up my mind with general knowledge, for the purpose of being able to answer questions, when I have people around me who can supply any knowledge I require?’
The lawyers were stupefied. And with that statement, Henry Ford demonstrated 2 important things:
- An educated person is someone who knows how to get what they want in life without infringing the rights of others. (This is Napoleon Hill’s definition) And this is not necessarily someone who’s had a lot of schooling or degrees.
- People are not paid for their knowledge, but what they DO with knowledge. In fact, people can even get rich by applying other people’s knowledge (like Henry Ford did). It is the organized application of knowledge that transforms it into something powerful. And it is for this reason a university degree does not guarantee a high paying career, if the knowledge gained cannot be practically applied.
You won’t get paid just for having knowledge. But the right knowledge, organized and applied to solve real world problems, is what makes people rich.
9. Master Mind Groups: How to Multiply Your Specialized Knowledge
Andrew Carnegie, the incredibly wealthy steel industrialist who commissioned Napoleon Hill to write this book, worked in a similar way to Henry Ford.
Carnegie didn’t know anything about the technical manufacturing of steel, and he didn’t want to know. Why? Because he had a large pool of experts working for him that he could call upon at will and they would answer any question he had. He called this his “Master Mind Group.”
Anyone seeking riches should form their own Master Mind Group. This is a group of people who have specialized knowledge that you need but don’t have. And you should consider what benefits you can offer in return for people joining your Master Mind Group. Most intelligent people will not work for free, but compensation doesn’t always have to be money.
Most very wealthy people attained riches not just through their own knowledge, but by organizing the knowledge and skills of many other people. You should also make use of the experience, education and talents of other people to make your own dreams into reality.
Wealthy steel industrialist Andrew Carnegie didn’t know how to make steel, but he surrounded himself with many people who had knowledge he lacked. You should also create a Master Mind Group of people who will multiply your access to knowledge and experience.
10. Sexual Transmutation: The Source of All Creative Energy
Sexual desire is the most powerful human drive. It can motivate people to levels of willpower and persistence that no other desire can. People knowingly risk their reputations, livelihoods and families for sexual contact. And look at what happens to animals like bulls when they have become castrated and no longer have that sexual drive. They become as docile as cows.
The most successful people have learned how to harness sex, because it is the strongest source of action. Rather than engage in unregulated sex habits (which are as destructive as unregulated drinking or eating habits), successful people learn to transfer this energy to higher outlets. This is what Napoleon Hill calls Sexual Transmutation.
Most of the artists and geniuses of the past have done sexual transmutation, whether they are aware of it or not. Rather than suppressing sexual desire, they expressed the outbursting energy through another channel, like creating music or starting a business.
Napoleon Hill says it is for this reason most men do not reach real success until the 40s or 50s. Before that age, they waste their sexual energy frivolously. It is also true that love serves as a counterbalance to sexual desire, giving it more control, calmness and purpose.
Sexual desire is the most powerful human drive, but most people waste this energy frivolously through intemperate sex habits. The greatest artists, geniuses and successful people harness their sex energy, expressing it through higher outlets that nourish mind and soul.
11. Creative Imagination: Your Receiver of Inspiration
There is a source of intelligence greater than any other. This is what Napoleon Hill calls Infinite Intelligence. This is the intelligence that converts acorns into oak trees and one tiny cell into your current living, breathing body. It’s an intelligence far beyond the greatest human philosophers.
It’s a fact that many of the greatest minds say their best ideas came to them suddenly, through “hunches” or a flash of inspiration. And Infinite Intelligence is the source of those flashes, not painstakingly slow rational thinking.
There was a great speaker who does not achieve greatness until he closes his eyes during the climax of his speeches. He says when he does this, he begins ‘speaking through ideas which come from within’ and is able to move the hearts of all those listening. Similarly, a great investor had the habit of closing his eyes for a couple minutes before every decision, which he claimed made him ‘able to draw upon a source of superior intelligence.’
So how can you better receive this Infinite Intelligence?
Well, think of your subconscious mind as the broadcasting station of your mind, sending signals and vibrations out to the universe. Then a different part of your mind is the receiving station and it is called your Creative Imagination. This is how you pick up vibrations and inspiration from the energy surrounding you.
Now here’s the best part: You can increase the sensitivity of your Creative Imagination through stimulating it with strong emotions such as desire. This increases the rate your mind is vibrating at and makes you more sensitive to signals from the universe.
There are seven positive emotions powerful enough to stimulate your Creative Imagination:
- The emotion of DESIRE
- The emotion of FAITH
- The emotion of LOVE
- The emotion of SEX
- The emotion of ENTHUSIASM
- The emotion of ROMANCE
- The emotion of HOPE
Many of the greatest people say their ideas came suddenly through a “hunch” or flash of inspiration. These flashes come from Infinite Intelligence, the same mysterious power that turn acorns into oak trees. You can become more sensitive to this intelligence by stimulating your Creative Imagination with strong emotions such as desire, faith, love and hope.
12. Negative Influences: Protect Yourself Against Them
After the Wall Street crash of 1929, people in America were pressed into thinking about poverty and fear. This led to a long depression. And many years later, when the Great Depression slowly lifted, nothing had physically changed in the world but people’s states of mind. They had slowly abandoned fear for hope and the economy took off again.
There is one thing in your life that you have absolute control over, and that is your state of mind. The six fears we talked about before including the fear of criticism, can be enough to sabotage anyone’s chances of getting rich. But there is something even worse than fear, and that is negative influences.
You must guard the doors of your mind against all negative influences, both within your own thinking and coming from outside. Be very sensitive to which influences, people and situations make you feel discouraged and hopeless. Then take steps to protect yourself against those influences.
Mind control is the result of self-discipline and habit. You either control your mind or it controls you. There is no halfway compromise. The most practical of all methods for controlling the mind is the habit of keeping it busy with a definite purpose, backed by a definite plan.
Negative influences, including negative people, media and environments can make you feel discouraged and hopeless. The best protection against these influences is continuous movement towards your definite purpose.
13. Alibis For Failure: Reject the Excuses Others Provide You
People who are not successful always have one thing in common: they can tell you all the reasons why they aren’t successful. They have created what they believe are airtight alibis or believable stories to explain away their own lack of achievement.
These alibis often sound like this:
- If only I was younger
- If only I wasn’t married
- If only I had money
- If only I had a degree
- If only I had connections
- If only the economy was better
- If only I was born rich
- If only I had good health
- If only I were lucky
- (and Napoleon Hill lists 46 more of these excuses in the book.)
But the world doesn’t care about your alibis. It just wants to know: what have you accomplished? And most people spend far too much time coming up with excuses and stories to cover their failures. They could spend much less time and effort by simply looking at their weaknesses honestly and finding ways to move past them.
Recognise the fact that you and every other human being are, by nature, lazy, indifferent and susceptible to all suggestions that harmonise with your weaknesses.
All unsuccessful people create airtight alibis or excuses to explain away their failures. This time would be much better spent analyzing your weaknesses honestly so you can move past them.
This book, written almost 80 years ago, still contains timeless lessons we can apply to our lives. I hope you enjoyed this as much as I did. However, this is more of a mindset book, which means you should also find books with more practical concrete advice to complement what you’ve just learned.
I recommend you check out our note on the book Atomic Habits by James Clear. Habits are absolutely the most important step to transforming those desires we have into definite plans that actually get accomplished.
And if you want to transform your mindset around saving money so you can have a more secure future, then look at our notes for the book Your Money or Your Life. This will show you how to get out of financial troubles and stop stressing about every bill and paycheck
In Think and Grow Rich! he has divided them into 13 principles to be mastered: Desire, Faith, Auto-suggestion, Specialized knowledge, Imagination, Organized planning, Decision, Persistence, the Power of the master mind, the Mystery of sex transmutation, the Subconscious mind, the Brain, and the Sixth sense.
Use the power of imagination to build new realities. Imagination can definitely take you places if you learn to apply your ideas and turn them into things by working on them. Take inspired action and never stop imagining all the wonderful things we can create in our minds first and give to the world later.
The “secret” of Think and Grow Rich is to place yourself within the overall scheme of creation, obeying natural laws that inevitably and invariably beget growth, expansion, renewal, and generativity.
If you plan on reading the book (which I recommend) then you'll notice it's broken up into sections that cover the 13 principles based on interviews Hill had with successful people.
The average reader will spend 4 hours and 14 minutes reading this book at 250 WPM (words per minute).
The only version of the book we at the Napoleon Hill Foundation currently recommend is Think and Grow Rich: The Original 1937 Unedited Edition. This edition is a reproduction of Napoleon Hill's personal copy of the first edition, printed in March of 1937.
- 5 Life Lessons To Learn From Millionaires. By. ...
- 1 Your Surroundings Influence Who You Become. ...
- Self-discipline Is A Must. ...
- Reading Might Be Boring, But You Got To Do It Anyway. ...
- Master Of One Is Better Than A Jack Of All Trades. ...
- Time Is Always More Valuable Than Money.
- Determine in your mind the exact amount of money you desire. ...
- Determine exactly what you intend to give in return for the money you desire. ( ...
- Establish a definite date when you intend to possess the money you desire. (
In Think and Grow Rich, he talked about something called a “master mind alliance.” He goes on to describe a mastermind group as, “A friendly alliance with one or more persons who will encourage one to follow through with both plan and purpose.”
⚙Director, Double Click Ventures and…
- Decide on a Goal. ...
- Believe in Yourself. ...
- Get in the Habit of Saving. ...
- Become a Leader. ...
- Be Creative. ...
- Be Enthusiastic. ...
- Develop Self Control. ...
- Do More Than You're Paid For.
However, refusing to let Think and Grow Rich be defined purely as a method or system for success, Hill stated that the goals of his book were: To help the reader become self-aware. To help the reader understand how to become more effective amidst the immutable laws of the universe.
1-Sentence-Summary: The Secret is a self-help book by Rhonda Byrne that explains how the law of attraction, which states that positive energy attracts positive things into your life, governs your thinking and actions, and how you can use the power of positive thinking to achieve anything you can imagine.
Despite being perfect for children and teenagers, this book is also suitable for anyone who would like to apply the powerful concepts and ideas from the original Think and Grow Rich, in their life. Enjoy! ...and here's to your success in the future!
Even though it was published in 1937, the stories and the principles are still valid today, and we can apply it in our lives. Think and grow rich doesn't only equate to becoming wealthy.
This book provides a synopsis of the original 1937 text of Hill's masterpiece, Think and Grow Rich. It extracts the key principles, instructions, and examples so that the modern professional, regardless of how busy he or she is, can benefit from the timeless wisdom found in Hill's book.
Here's a good definition of Infinite Intelligence, which Napoleon Hill describes in Think and Grow Rich: Infinite Intelligence is the force that gives order and origin to everything in the entire universe. It is the prime source, the first cause of everything that comes into existence.
When you strongly believe you will achieve your goals two things happen. The Law of Attraction says when you couple a burning desire with focused thoughts, confidence that you can achieve your goal (faith), then the universe (or infinite intelligence) moves to help you achieve your goal.
That book was “Think and Grow Rich” by Napoleon Hill. While the title suggests the book is about money, it's more about a way of life. The author, Napoleon Hill, presents guiding principles for success in all areas of life.
A bestseller since it was originally published in 1937, this hardcover edition of Napoleon Hill's Think and Grow Rich teaches the famous Andrew Carnegie formula for money-making, based on the 13 proven steps to riches.
Rich Mindsets Believe in Saving, Investing, And Multiplying. Poor mindsets splurge on materialistic things. Poor people end up saving nothing to invest. Rich mindsets save, save, save.
The four habits of young millionaires are to think ahead, pay themselves first, learn how to make smart decisions a habit, and learn how to put money to work.
- Avoid the Earn-to-Spend Mentality. ...
- Focus. ...
- Do Whatever Is Necessary to Meet Your Goal. ...
- Take Calculated Risks. ...
- Be Generous.
- They're Frugal. ...
- They Grow Their Money, Not Businesses. ...
- They Invest in Stocks. ...
- They Earn Compound Interest Instead of Paying It. ...
- They Develop Multiple Income Streams. ...
- They Buy (and Hold) Their Cars. ...
- They're Persistent. ...
- They Have — and Often Become — Mentors.
To be considered mentally wealthy, you must have accumulated sufficient skills, tools, self-awareness and coping mechanisms to maintain a personal sense of mental well-being.
Each white peg means that one of the guessed pegs is correct, but is in the wrong hole. Each red (or black) peg means that one of the guessed pegs is correct, and is in the right hole. The order of the white and black pegs does not matter.
The 100 Million Mastermind Experience is a business mentorship program featuring elite entrepreneurs, created by Dan Fleyshman and Joel Marion.
A black dot means you guessed a correct color in the correct position. A white dot means you guessed a correct color in the wrong position. Four black dots mean you have guessed 4 correct colors in the correct positions and you win the game.
'” There they are. Three Keys for Career Success: communication, confidence, and character.
- 1) Successful People Take risks. ...
- 2) Successful People Possess Unwavering Self Belief. ...
- 3) They Don't Care What Others Think. ...
- 4) They Think Outside the Box. ...
- 5) They're Optimistic at Heart. ...
- 6) They're Resilient/Not Afraid of Failure. ...
- 7) Successful People Possess a “Can Do” Attitude.
- Belief. You have to believe in yourself and your ability to be successful, no matter what. ...
- Perception. Nothing is good or bad -- things are only how you perceive them. ...
- Perseverance. People like to say that entrepreneurship and success are a marathon, not a sprint.
Author and entrepreneur Dennis Kimbro combines bestseeling author Napolean Hilll's law of success with his own vast knowledge of business, contemporary affairs, and the vibrant culture of Black America to teach you the secrets to success used by scores of black Americans, including: Spike Lee, Jesse Jackson, Dr.
The Greatest Secret is a quantum leap in understanding that takes the reader beyond the material world to where all possibilities exist. With each insight, the truth of our nature and life is revealed, and with it the ability to end suffering and overcome any obstacle in our way, revealing a life of deep joy.
- Gratitude. I think one of the most important aspects of using the law of attraction is being grateful for what you have already attracted. ...
- Visualization. ...
- Writing. ...
- Meditation. ...
The theme/moral of The Secret Garden is that a child's love and kindness can heal the emotional scars of their parents. Throughout most of the book, Colin and Mr. Craven were very similar.
They Teach Them to Solve Problems
If you want to get rich, you have to either solve a big problem or solve a problem for a lot of people. Train your children to think in terms of problems that have to be solved, and they will never go hungry. It'll make your children great entrepreneurs or leaders.
It increases intelligence.
Exposure to vocabulary through reading (particularly reading children's books) not only leads to higher score on reading tests, but also higher scores on general tests of intelligence for children. Plus, stronger early reading skills may mean higher intelligence later in life.
Telling them how to handle their wealth in the face of public scrutiny will teach them important social skills. Emphasizing that they are fortunate but should not be entitled will create another generation of those who understand and appreciate wealth instead of abuse it.
Rich Dad Poor Dad isn't a good book, it's a book with some good concepts in it. If you're living pedal to the metal every month and financing all the big purchases in your life then you'll definitely get some value from reading what the book has to say.
Mindset plays an important role to get us where we want to be. A focused mind can always come in handy to build up a confident personality; but a clumsy chaotic mindset can lead to one downfall in a few moments. Having a rich mindset is not feasible or in other words easy as pie.
Think and Grow Rich by Napoleon Hill examines the psychological power of thought and the brain in the process of furthering your career for both monetary and personal satisfaction. Originally published in 1937, this is one of the all-time self-help classics and a must read for investors and entrepreneurial types.
- Fix in your mind the exact amount of money you desire.
- Determine exactly what you intend to give in exchange for the money.
- Establish a definite date when you intend to be in possession of the money you desire.
Jeff's Overview: Think and Grow Rich - The 6 Steps
Write out a clear, concise statement of the amount of money you intend to acquire, name the time limit for its acquisition, state what you intend to give in return for the money, and describe clearly the plan through which you intend to accumulate it.
In Why It's OK to Want to Be Rich, Jason Brennan shows that the moralizers have it backwards. He argues that, in general, the more money you make, the more you already do for others, and that even an average wage earner is productively “giving back” to society just by doing her job.
- Identify your goals. Before you get started on becoming rich, devise a financial plan. ...
- End your high-interest debt. ...
- Start budgeting and saving money. ...
- Pay yourself first. ...
- Start investing as soon as possible. ...
- Increase your income. ...
- Have the right mindset.
- Focus On What You Want – And Take It! So many people are too timid to admit they want something and go for it. ...
- Become Goal-Orientated. ...
- Don't Spend Your Money – Invest It. ...
- Never Stop Learning. ...
- Think Big. ...
- Enjoy the Attention.