Saturday, November 7, 2009

Be The Next Edison, Carnegie, Schwab... By Thinking and Growing Rich!


The book for this week was Think and Grow Rich by Napoleon Hill. This book is phenomenal.... From the writing to the ideas, the book is pure genius. It is easy to walk away from this book and know that you can affect your financial status just by using the power of your mind.

The book is broken into 13 steps toward riches, however, I am going to smash them all together within this review. The thirteen steps are really all based around the idea of desire and persistence to get your mind to do what you want it to. The mind is an amazing thing! If you truly focus and imagine an outcome, your mind will work subconsciously to make that outcome happen. If you see yourself making $250,000 a year by the time your are 30 years old by working in real estate renting out multifamily homes, you write it down, think about it all the time and even imagine yourself with that income, you will achieve it. You mind will work for you. You have to give it a very specific goal though. You cannot say you will be making $250,000 a year, and nothing else. Your mind won't know how to make that happen for you. It can't make a money tree grow in your front yard. You need to make SMART goals for yourself Specific, Measurable, Attainable, Realistic, and Timely. Fold them all together and you have yourself a perfect goal. When this is done your mind will help you adapt to the certain circumstances you find yourself in, so everything you do results in a baby step toward your greater goal.

The other main idea that will help you achieve your wealth is... persistence. Hill uses several Great's anecdotes to guide the reader through this book. One person's stories I found especially helpful were Thomas Edison. Both amazing men and they both used the power of their mind to get their riches. Edison knew what he wanted and he didn't let any hiccup slow him down. He visualized his goals and he eventually achieved them. In fact, Edison is said to have failed 10,000 times. He called them temporary defeats. Just because something doesn't turn out the way we intend does not mean we are not meant to do it. If Edison had this mindset we wouldn't have the light bulb or his massive empire- GE. Once you set your goal, visualize them and never ever ever let you hold yourself back. Use the power of your mind to get what you want.

Another great idea Hill had in this awesome book was taking inventory in yourself. I am going to list the 28 questions Napoleon Hill uses in his book. This year, instead of doing phony New Year's Resolutions, take inventory in yourself. See where you are in every aspect of your life, write down your goals, your wants, answer all these questions and then post them up where you can see them everyday. Make you goals REALLY BIG and read them everyday! Here are your self inventory questions:
  1. "Have I attained the goal that I established as my objective for the year?
  2. Have I delivered service of the best possible quality of which I was capable, or could I have improved this service?
  3. Have I delivered service in the greatest possible quantity of which I was capable?
  4. Has the spirit of my conduct been harmonious and cooperative at all times?
  5. Have I permitted the habit of procrastination to decrease my efficiency, and if so, to what extent?
  6. Have I improved my personality? And if so, in what ways?
  7. Have I been persistent in following my plans to completion?
  8. Have I reached decisions promptly and definitively on all occasions?
  9. Have I permitted any one or more of the 6 basic fears to decrease my efficiency? (Fears of Poverty, Criticism, Ill Health, Loss of Someone's Love, Old Age, and Death).
  10. Have I been over-cautious or undercautious?
  11. Has my relationships with my colleagues at work been pleasant or unpleasant? If unpleasant, has the fault been partially or fully mine?
  12. Have I dissipated any of my energy due to lack of concentration or effort?
  13. Have I been open minded and tolerant in connection with all subjects?
  14. In what way have I improved my ability to provide service?
  15. Have I been intemperate (overindulgent) in any habits?
  16. Have I expressed, openly or secretly, any form of egotism?
  17. Has my conduct toward my colleagues been such that it has induced them to respect me?
  18. Have any opinions and decisions been based on guesswork, or accuracy of analysis and thought?
  19. Have I followed the habit of budgeting my time, my expenses and my income, and have I been conservative in these budgets?
  20. How much time have I devoted to unprofitable efforts which I might have used to better advantage?
  21. How might I re-budget my time and change my habits so I will become more efficient during the coming year?
  22. Have I been guilty of any conduct that was not approved by my conscience?
  23. In what ways have I provided more service and better service than I was paid for?
  24. Have I been unfair to anyone, if so, in what way?
  25. If I had been the purchaser of my services for the past year, would I have been satisfied?
  26. Have the actual purchasers been satisfied?
  27. Am I in the right vocation? Why/Why not?
  28. What is my present rating on the fundamental principles of success?"
This book was dense with fantastic information, I recommend everyone get it for themselves and for a friend. The leather backed book makes a great gift- Thanks Steven! I want to leave you with a poem that can be found within the book... This poet definitely gets it!

"I bargained with Life for a penny,
And Life would pay no more,
However I begged at evening
When I counted my scanty store.

"For Life is a just employer,
He gives you what you ask,
But once you have set the wages,
Why, you must bear the task.

"I worked for a menial's hire,
Only to learn, dismayed,
That any wage I had asked of Life,
Life would have willingly paid."

Ask Life for what you want and you will surely receive it. If you have any questions on the book don't hesitate to ask. I would be more than happy to help anyone that wants it.

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