Subtitles section Play video
-
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!