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  • No matter which track you choose to follow, in order to get rich:

  • becoming a trader, a value investor, a real estate pro, a chief executive, or

  • perhaps an entrepreneur, you must have the correct mindset.

  • This is a top five takeaways video summary of Think and Grow Rich by Napoleon Hill.

  • Due to the law of averages, some people may be able to acquire riches without following the advice in this video,

  • but hoping that life will give you such a break, instead of taking responsibility

  • of your own actions and thoughts, is a plan that is flawed, at best.

  • Instead, let us now examine how you can optimize your chances of gathering a great fortune.

  • "If you do not conquer self, you will be conquered by self"

  • Takeaway number 1: It is what you think that matters

  • "Truly, thoughts are things, and powerful things at that when they are mixed with definiteness of purpose,

  • persistence and a burning desire for that translation into riches."

  • This is the main idea of Think and Grow Rich.

  • You can even tell it from the title. If you don't see riches in your thoughts,

  • how can you expect to ever see them in your bank accounts?

  • All achievements and all earned riches start with an idea.

  • Every great leader that has ever existed was a dreamer.

  • How do you think that Mahatma Gandhi or George Washington, or

  • Martin Luther King succeeded? It all started with an idea.

  • You have the ability to control your own mind, because you can feed it with whatever thought impulses that you choose.

  • It is incredibly powerful.

  • Thought, backed by a strong desire, has a tendency to transmute itself into its physical equivalent.

  • It's a double-edged sword though. If you fail to plant thoughts in your subconscious mind, deliberately,

  • it won't remain idle. It will pick up other thoughts which

  • unintentionally reach it.

  • Once again, you don't want to leave this to chance.

  • "If you fail to control your own mind, you may be sure that you will control nothing else"

  • Takeaway number 2: A burning desire

  • Long time ago, a great warrior had to face a much stronger foe.

  • When the Warrior.s armies arrived in enemy territory,

  • he had them burn all the ships behind them at the beach.

  • They were greatly outnumbered by the enemy,

  • but now, they had no choice but to win. So ... they won.

  • If you ask a hundred people what they want in life, they will probably not be able to answer.

  • If you push them though, they will mention some of their wishes - perhaps money, fame or security.

  • But the universe doesn't respond to vaguely expressed wishes. It responds to a burning desire,

  • implemented through definite plans and a constant persistence.

  • "God seems to throw himself on the side of the man who knows exactly what he wants, if he's determined to get just that."

  • The desire part, I can't really help you with, but understand that you must have it in order to succeed.

  • If you want to reach higher than mediocrity, be sure that you can attach a burning desire to a possible outcome of that endeavor of yours.

  • Let's pretend that that decide outcome is ... hmm, perhaps money.

  • Here's a six-step method for transforming that desire into its material counterpart:

  • 1. Fix in your mind a specific amount

  • 2. Determine exactly what you are going to give in return

  • 3. Establish a definite date

  • 4. Create a definite plan and start right away to put that into action

  • 5. Write down the four previously mentioned steps into a statement

  • 6. Read this out loud twice daily,

  • preferably in the morning and right before you go to sleep.

  • The last step is called auto-suggestion.

  • Have you ever exaggerated a story or told a lie, until you started to believe in it yourself?

  • Well, this is the exact same thing,

  • but it aims at creating faith inside you that your burning desire will one day come true.

  • For more on this, and the importance of having a definite plan, have a look at my summary of The Science of Getting Rich.

  • Takeaway number 3: Become an unstoppable force

  • Guys, I have a new idea!

  • We must replace our current four-cylinder motors with eight-cylinder ones, and they must be cast in a single block.

  • We will beat the competition by a landslide!

  • Oh, sorry, mr. Ford, but that can't be done ...

  • Produce it anyways!

  • But sir, it's impossible ...

  • Go ahead! And stay on the job until you succeed, no matter how much time it takes!

  • Sir, we've been working day and night but as we said, it is impossible.

  • No, it isn't, stay with it!

  • Sorry, mr. Ford, we, we haven't found a way to do ...

  • Go right ahead! I want it, and I'll have it!

  • Oh, what's the use? This man clearly doesn't know when he's whipped, I might as well give him what he wants.

  • We found a way how to do it sir!

  • No one is ever defeated until he or she has accepted that as a reality.

  • Persistence is everything in any part of life where you wish to thrive.

  • Napoleon Hill states that:

  • "There may be no heroic connotation to the word persistence, but the quality is to the character of a man,

  • what carbon is to steel"

  • When someone has cultivated the habit of persistence, they gain insurance against failure.

  • Remember, there is no such thing as something for nothing.

  • At times, it may seem like other people succeed without first paying the price, but that is probably not true.

  • (Even if some people would like to advertise it that way)

  • The grass is not greener on the other side.

  • Stick to your plan and win.

  • A quitter never wins, and a winner never quits.

  • Takeaway number 4: Sexual energy

  • Nope, you didn't get that wrong.

  • According to Napoleon Hill, the five strongest stimulants known to man are:

  • Friendship

  • Music

  • A burning desire for riches

  • Love, and

  • Sex

  • Desire for sex is the most powerful all human desires.

  • So strong is this desire that it was said that the Trojan War was started as a result of it.

  • Observe what happens to any animal after it has been castrated, and you see what happens when sexual energy is removed from a being.

  • All men who have reached the highest level of achievements, have had highly developed sexual natures.

  • The transmutation of sex energy to energy and creativity in other endeavors, is a primary source of genius.

  • "The energy must be transmuted from desire for physical contact,

  • into some other form of desire and action before it will lift one to the status of a genius."

  • Far from becoming genii,

  • because of great sex desires, the majority of men lower themselves through

  • misunderstanding and misuse of this great force, to the status of the lower animals.

  • There's a reason why most men don't achieve much before they are 40, and

  • it's not only due to the fact that they become wiser and more self-confident by them.

  • Because of the temptations in today's society,

  • this is probably even more difficult to exercise today than it was when Napoleon Hill first wrote Think and Grow Rich.

  • It requires a lot of willpower, the forming of new habits and

  • the elimination of old behaviors.

  • Takeaway number 5: The six ghosts of fear

  • Before you can put Napoleon Hills philosophy into use, you must conquer your fears.

  • Here are six of the most common and most destructive ones, and

  • remember, they only exist in your mind, and you have the ability to control them, if you so desire, and if you practice enough.

  • 1. The fear of poverty

  • Common symptom of this fear is the indifference towards money expressed through a lack of ambition.

  • Your mind can't focus on how to become rich if it constantly must worry about how to put food on your table.

  • You must reach an absolute decision that whatever you can acquire, as long as you give it your all, is sufficient.

  • 2. The fear of criticism

  • This is characterized by nervousness in the presence of others and it destroys initiative.

  • To beat it, you must stop worrying about what other people think or say.

  • Dare to be a little bit cringy sometimes!

  • 3. The fear of ill-health

  • A common symptom, is the habit of faking illness to serve as an alibi for laziness.

  • To make this stop, you must forget about symptoms, and especially stop looking for them.

  • Any symptom can be deadly if you google it!

  • 4. The fear of loss of love of someone

  • Jealousy is a common sign of this.

  • Reach a decision that you will get along without love if necessary.

  • And, if you're currently single, use this time to create a life,

  • where you learn to appreciate living by yourself. Then, everything beyond that is just a bonus!

  • 5. The fear of old age

  • Speaking apologetically about one's age is characteristic for the fear of old age.

  • Eliminate this fear by accepting aging, not as a handicap,

  • but as a blessing. For you have the possibility of being much wiser and having a better self-control than during your youth.

  • And hopefully, the wonders of compound interest have been working in your favor for a while.

  • 6. The fear of death

  • A common symptom is the habit of thinking about dying, instead of living your life to the fullest.

  • The reason why you must conquer this, should be obvious.

  • I can't imagine that anyone who is spending his days worrying about the fires of hell, or

  • having to spend an eternity wearing a nightgown can ever be happy.

  • The endless nap is inescapable, learn to accept it!

  • In general, kill off these fears by coming to the conclusion,

  • that nothing life has to offer is worth the price of constant worry.

  • Quick recap.

  • It's what you think that matters.

  • God seems to throw himself on the side of the man who knows exactly what he wants,

  • if he is determined to get just that.

  • A quitter never wins, and a winner never quits.

  • Sex desire is the most powerful of all human desires. Use its energy to your advantage.

  • You must conquer your fears before you can achieve greatness,

  • For more on how to master a millionaire mindset, have a look at my playlist where I've summarized the best books in the field.

  • Cheers you guys!

No matter which track you choose to follow, in order to get rich:

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THINK AND GROW RICH SUMMARY (BY NAPOLEON HILL)

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    juuuddddy posted on 2019/08/31
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