Link to buy the book- Think and Grow Rich, by Napoleon Hill.
This book isn’t only about how to increase your income and become rich. This book is about personal development and self-improvement. The author’s philosophy is to help to attract success in their life, but it’s definitely a must-read for investors and entrepreneurs. Napoleon Hill’s interviews and research culmunated in this bestseller, “Think and Grow Rich”, what summarizes how to make money in 13 principles:
- Desire
You need to want it. There is an expression, grit, I believe it summarizes it: Grit is a positive, non-cognitive trait based on an individual’s perseverance of effort combined with the passion for a particular long-term goal or end state (a powerful motivation to achieve an objective).
- Faith
Believe you can achieve your goal. Do a good mindset, believe you can do it. He writes: “Riches begin in the form of thought! The amount is limited only by the person in whose mind the thought is put into motion. Faith removes limitations!”
- Auto-Suggestion
Use affirmations to reach your goal. Hill explains that your ability to use the principle of auto-suggestion will depend, very largely, upon your capacity to concentrate upon a given desire until that desire becomes a burning obsession. Repeat every day that you will invest your money, pay a part of your money to yourself.
- Specialized knowledge
Knowledge is power, Hills explain that successful men, never stops acquiring knowledge related to their major purpose, business, or profession. Those who are not successful usually make the mistake of believing that the knowledge-acquiring period ends when one finishes school.
- Imagination
Come up with ideas and visualize your success. Ideas are the beginning points of all fortunes, Ideas are products of the imagination…
- Organized planning
Take action! Hills explains: Most of us are good “starters” but poor “finishers” of everything we begin. Moreover, people are prone to give up at the first signs of defeat. There is no substitute for persistence. To achieve financial independence, you need persistence in a long term! Make a plan and stick to it, in the beginning of every month you will know where your money goes.
- Decision
That a key trait that Hill recognized in all of the people he studied, all of them. He says: “People who fail to accumulate money, without exception, have the habit of reaching decisions, if at all, very slowly, and of changing these decisions quickly and often.” And any leader needs to be good at it.
- Persistence
Persistence is vital! You are looking for a long term achievement, it will not come fast. You need a plan and you need to stick to it. For instance, I save 25% of all my income and I reinvest it. According to the popular 50/30/20 rule, you should reserve 50 percent of your budget for essentials like rent and food, 30 percent for discretionary spending, and at least 20 percent for savings. As much more you save, faster it will be.
- Power of the mind
Surround your self with the best! Hill writes: A group of brains coordinated (or connected) in a spirit of harmony will provide more thought-energy than a single brain, just as a group of electric batteries will provide more energy than a single battery.
When it comes to relationships, we are greatly influenced — whether we like it or not — by those closest to us. It affects our way of thinking, our self-esteem, and our decisions. Of course, everyone is their own person, but research has shown that we’re more affected by our environment than we think.
- The mystery of sex transmutation
Choose a compatible partner. Hill writes: Love, romance, and sex are all emotions capable of driving men to heights of super achievement. When combined, these three emotions may lift one to an altitude of genius. Clearly your partner have help you, support, give ideas, help to save, and so on. For instance, Research also shows that having a conscientious spouse can boost your salary by $4,000 a year.
- The subconscious mind
Master positivity and dismiss negative emotions. If you want it, you have to put this thought in your subconscious mind, Hill writes: The subconscious mind will not remain idle! If you fail to plant desires in your subconscious mind, it will feed upon the thoughts which reach it as the result of your neglect. Positive and negative emotions cannot occupy the mind at the same time. One or the other must dominate. It is your responsibility to make sure that positive emotions constitute the dominating influence of your mind. Think positively.
- The brain
Associate with other smart people and learn from them. Hill writes: Every human brain is capable of picking up vibrations of thought which are being released by other brains …
It is not only surround yourself with people who are smarter and better, but use the members of your group to find solutions to problems.
- The sixth sense
Trust your gut! Hill says: “Through the aid of the sixth sense, you will be warned of impending dangers in time to avoid them, and notified of opportunities in time to embrace them.”
And he completes: No matter who you are, or what may have been your purpose in reading this book, you can profit by it without understanding the principle described in this chapter. This is especially true if your major purpose is that of accumulation of money or other material things.
I believe this book is a must read for everyone here!
If you are looking for this book, here is a link to buy it in amazon: link
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