seedling

Think and Grow Rich (Review)

One of the most well-known books in the twentieth and twenty-first century, Think and Grow Rich by Napoleon Hill is a NECESSARY read for anyone seeking financial freedom.

This timeless classic should be given to every child in the world. My question is, why hasn’t it? We were forced to study Shakespeare, Greek mythology, and many other historical pieces, but why not Think and Grow Rich?

Here’s a bit of history on what it took to make this masterpiece. Napoleon Hill was put in charge by none other than Andrew Carnegie to find out the secrets of success. Over 500 wealthy people were interviewed by Napoleon Hill including, Henry Ford, Thomas Edison, and many other millionaires during that time.

The conclusion derived from the 25 years of investigation was that you can actually THINK and GROW rich. Just as described in The Strangest Secret, the power of thought is a very powerful force to be reckoned with. A thought can turn into an idea, which can turn into a desire, which can turn into action, which can turn into accomplishment.

dream

IMPOSSIBLE to I’M POSSIBLE

Time and time again, history shows us that impossible things are made possible by those who think they are possible. A great example that Napoleon Hill provides is Henry Ford & the V8 engine.

Henry Ford’s engineer’s continued to tell him that a single v8 engine was simply impossible because it had never been done. Henry Ford did not budge. He set out to acquire his vision and fortunately, had the patience to wait until it became a reality.

In a little over a year, what seemed to be impossible by those whose CAREERS was to innovate, was made possible by someone, with little formal education, who BELIEVED it was possible.

Desire drives purpose

Without a burning desire to achieve a definite purpose, our chances of success is minimal. Desire can and will overcome any objections, roadblocks, and setbacks. Napoleon Hill provides 6 definite, practical steps to help anyone desire for riches:

  1. Fix in your mind the exact amount of money you desire.
  2. Determine exactly what you intend to give in return for the $ you desire.
  3. Establish a definite date when you intend to possess the $ you desire.
  4. Create a definite plan for carrying out your desire & begin at once, whether you are ready or not, to put this plan into action.
  5. 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.
  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.

road

The Power of Faith

Without using the power of faith, your desire will only take you so far. Here’s how Napoleon Hill puts it:

  • Faith is a state of mind that may be induced or created by affirmation or repeated instructions to the subconscious mind through the principle of autosuggestion.

By constantly feeding your subconscious, whether it is positive or negative thoughts, you develop what’s called an autosuggestion feature.

With that said, every broke investor must learn how to remove all broke motions & substitute it with autosuggestion of success.

If you think of success, you will form successful habits. If you think of failure, you will form failing habits. Both thought processes are powered by faith and just as in religion, if you have strong enough faith in something, you tend to believe and eventually, it becomes your truth.

Auto Success

As stated, auto-suggestion can and will determine your outcome. This can be used to any broke investor’s advantage.

I would like to mention that if you are coming from a broke mindset, this may be difficult at first. AS soon as you try thinking of positive thoughts and success formulas, the negative ones can over-power them quickly.

Remember, just like weed in the garden, you have to rip out your negative thoughts from your autosuggestion arsenal. And, just as stubbornly as weeds, some will come back. you want to continue ripping out your mental weeds & replacing them with positive thoughts.

creativity

Imagination is king

Imagination is by far one of the most important ingredients to growing rich. Without it, you could be sitting on a billion dollar idea, but will never be able to see it plant it and watch it grow.

In fact, Napoleon Hill gives an example, Coca-Cola. An old country doctor had a formula, kettle, and a wooden spoon that made up the surgery drink we all love. However, the key ingredient was missing, IMAGINATION.

Luckily, the store drug clerk who bought the formula, kettle, and wooden spoon for $500, had the missing ingredient and today is still one of the most valuable companies on Earth.

Napoleon Hill states there are 2 forms of imagination:

  1. Synthetic imagination: Works with material of experience, education, and observation with which it is feed.
  2. Creative imagination: The finite mind of humankind has direct communication with Infinite Intelligence.

Wait, there’s more

While reading Think and Grow Rich, one thing that really resonated with me is The Mastery of Procrastination (chapter 8). In it, describes two type of people, the successful and the unsuccessful:

  1. Those who reach decisions promptly and change those decisions slowly.
  2. And those who reach decisions slowly, if at all, and change those decisions fast.

Can you guess which which one is the successful person? With that said, I truly encourage everyone to grab a copy of Think and Grow Rich. You can buy it, rent it, borrow it, possibly even find it online for free in ebook format.

After getting a copy, decide to read and finish Think and Grow Rich. There is more gold to be uncovered that a simple review can not capture.

no-excuses

With that said, I will end with Napoleon Hill’s 55 famous alibis:

1. If I didn’t have a wife and family…
2. If I had enough “pull”…
3. If I had enough money…
4. If I had a good education…
5. If I could get a job…
6. If I had a good health…
7. If I only had time…
8. If times were better…
9. If other people understood me…
10. If conditions around me were only different…
11. If I could live my life over again…
12. If I did not fear what “they” would say…
13. If I had been given a chance…
14. If I now had a chance…
15. If other people didn’t “have it in for me”…
16. If nothing happens to stop me…
17. If I were only younger…
18. If I could only do what I want…
19. If I had been born rich…
20. If I could meet “the right people”…
21. If I had the talent that some people have…
22. If I dared assert myself…
23. If I only had embraced past opportunities…
24. If people didn’t get on my nerves…
25. If I didn’t have to keep house and look after the children…
26. If I could save some money…
27. If the boss only appreciated me…
28. If I only had somebody to help me..
29. If my family understood me…
30. If I lived in a big city…
31. If I could just get started…
32. If I were only free…
33. If I had the personality of some people…
34. If I were not so fat…
35. If my talents were known…
36. If I could just get a “break”…
37. If I could only get out of debt…
38. If I hadn’t failed…
39. If I only knew how…
40. If everybody didn’t oppose me…
41. If I didn’t have so many worries…
42. If I could marry the right person…
43. If people weren’t so dumb…
44. If my family were not so extravagant…
45. If I were sure of myself…
46. If luck were not against me…
47. If I had not been born under the wrong star…
48. If it were not true that “what is to be will be”…
49. If I did not have to work so hard…
50. If I hadn’t lost my money…
51. If I lived in a different neighborhood…
52. If I didn’t have a “past”…
53. If I only had a business of my own…
54. If other people would only listen to me…
55. If… and this is the greatest of them all…If I had the courage to see myself as I really am, I would find out what is wrong with me, and correct it. Then I might have a chance to profit by my mistakes and learn something from the experience of others, for I know that there is something wrong with me, or I would now be where I would have been if I had spent more time analyzing my weaknesses, and less time building alibis to cover them.

As always,

Keep growing, keep investing.


The Broke Investor’s Library.

Broke investor stories.

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