Book Review - Think and Grow Rich by Napoleon Hill

Think and Grow Rich – Napoleon Hill

DISCLAIMER -  I am not a Financial Advisor and do not work for any Brokerage Firm. The opinions given are of my own and are not to be used as professional advice.  These are my findings and can hopefully help you to make informed decisions on investing.  Consult a Broker or Lawyer before making any investment. 
 
Think and Grow Rich by Napoleon Hill is a book I read earlier this year and forgot to do the book review.   I believe it is one of the best 10 investment books I have ever read.   Currently, it is free on Amazon Kindle, so get it while it is at the special low price.   Check that the BUY NOW is zero in case the free time has expired.
​
The book is not new.  It was originally published first in 1937.  However, the information is still very pertinent today.  Mr. Hill spent over 20 years compiling this book.  The success stories are gleaned from interviewing over 500 wealthy people.  Andrew Carnegie inspired Napoleon Hill to take the time to put all of this together.

WHAT I LEARNED FROM THINK AND GROW RICH

There are 13 principles that Mr. Hill covers in the book.  I am not going to try and cover them all in the review but will hit on some of the ones I felt were most important.  These people who spoke to him all acquired great wealth in their lifetimes.   None of their stories are identical, but I did pick up a common thread from reading about them.

1.  Most had a great idea.
2. They sought it out and made it a reality.
3. When failures came (and most all had their failures), they did not quit but persevered onward.

Honestly, if you only gained those 3 things and learned from them, that would make reading the book worthwhile.   Life is hard, and to succeed, we must THINK and when we do that, the right plan of action will come and with an application of time and effort, we can win if we don’t give up.  Always remember, you are never defeated until you quit getting back up.

Charles Schwab convinced Mr. Carnegie that much of what was taught in schools today is of no value whatsoever in connection with earning a living or accumulating wealth.    Richard Kiyosaki also said the same thing in his book Unfair Advantage which I read and did a book report on two months ago.

https://lifecanbesimple.net/blog/book-review-unfair-advantage-robert-kiyosaki

In the preface/introduction of the book, Mr. Hill identified a very large number of people whom he revealed Mr. Carnegies secret and who he interviewed including:
Dr. Alexander Graham Bell
F. W. Woolworth
Wilbur Wright
John D. Rockefeller
Henry Ford
George Eastman plus dozens of others.
 
Edwin C. Barnes was sure that riches would come to him if he could partner with Thomas Edison.  He was not initially accepted by Mr. Edison, but Barnes was determined.   He literally thought himself into a partnership with Edison due to his unwavering determination.  He had initiative, faith, and a will to win.

Henry Ford was a man with little schooling.   But he learned perseverance and would not give up.  When engineers told him his idea of a V-8 engine could not be created, he told the engineers to go back to the drawing board.  After 6 months, they told him it was not possible.   A year went by, and they had come up with nothing.  But he told them to keep trying until they figured out how to do it.   And history was made and the V-8 engine propelled Ford to great profits.

Faith is the head chemist of the mind.  When blended with thought, the subconscious mind translates it into a spiritual equivalent.  (Much like prayer does for the Christian.)  You must believe and act.  Thinking alone won’t get you there.  Repetition of affirmation orders your subconscious to respond.

If you think you will lose, you’re lost.   It is a state of mind.   The man who wins is the man WHO THINKS HE CAN.

Knowledge is important, but it alone will not attract money unless it is organized and intelligently directed.  You must have a practical plan of action.  This calls for power and it starts by being highly organized.

HOW DO WE PURCHASE KNOWLEDGE

1. One’s own Experience and Education
2. Experience and Education through the cooperation of others (Master Mind Alliance).
3. Colleges and Universities
4. Public Libraries through Books and Periodicals
5. Special Training courses such as home study courses.

Just attending school will not do it.  You must get specialized in a certain field.  Being an apprentice is an example of acquiring experience from others.
​
Imagination is important.  It is one of the steps to riches.  Man must develop his mind to creatively imagine things to help in acquiring riches.  You must be organized and plan carefully to crystallize your desire into riches.

You must have self-control and have a habit of doing more than is expected and more than you are being paid for.   Master the details and show a willingness to assume full responsibility for your actions.  A lack of decision is listed as one of the 30 major causes of failure. 

We must not procrastinate but take decisive action.  Leaders in every walk of life decide quickly and firmly.  Indecision is worse than almost any action.  Know what you want and take action.  This requires courage.   Riches are there for those who plan and demand things of life.  Be organized in life and have a plan of action.
 
Nothing helps you succeed more than perseverance.  Sustained effort is a requirement for success.  Willpower and desire will lead you to success.   A lack of persistence is one of the major causes of failure.

The sixth sense of the mind is where creative imagination originates.  Several fears can cause discouragement including timidity, procrastination, indifference, indecision, lack of ambition, self-reliance, lack of initiative, and self-control.  And worst all is a lack of enthusiasm.   Winners are enthusiastic.

Get rid of your fears and take action.  Be like those men interviewed and show initiative with self-control with much persistence.   Don’t be afraid of criticism, but keep on keeping on.  Those who win in life go the extra mile and don’t give up. Don’t let troubles cause you to fail.   You have ABSOLUTE CONTROL OVER YOUR THOUGHTS.   Do not let negativity slip you up.  Men with negative minds never accomplish great things.   The book closes with a list of 57 ‘ifs’ that would have allowed you to succeed IF that had happened.   We must get past all the ‘ifs’ and go forward in life to have success.   People just love to make alibis.   Successful people do not make alibis.

Life is like a checkerboard.  The player opposite you is time.  If you hesitate before moving, or neglect to move promptly, your men will be wiped off the board by time.   You are playing against a partner who will not tolerate indecision.

Make up your mind and follow through.  Those men interviewed had one thing in common.  They all persevered and showed action which allowed them to acquire riches.
 
 
 
 

 
List of All Investment Articles https://lifecanbesimple.net/investments.html
 
List of All Minimalism Articles https://lifecanbesimple.net/minimalism.html
 

www.lifecanbesimple.net
http://www.InternetDirect.us
Internet Direct Laptops