Quinton Carlin was the first person to turn me on to Think and Grow Rich by describing it as the book that the majority of billionaires have read. I have since encountered many other people who have suggested the book. So I started reading it 2 weeks ago and finished it today. Think and Grow Rich by Napoleon Hill is indeed, as the cover suggests, an inspirational classic.
In the opening line Hill mentions a money-making secret that he has spent the majority of his life analyzing. He received the secret more than 50 years prior to writing the book from a gentleman by the name of Andrew Carnegie.
Hill mentions, “It was Mr. Carnegie’s idea that the magic formula, which gave him a stupendous fortune, ought to be placed within reach of people who do not have time to investigate how men make money, and it was his hope that I might test and demonstrate the soundness of the formula through the experience of men and women in every calling.”
As the cornerstone of the book, Hill outlines 6 definite, practical steps to turn desire into gold. I want to go through each of these steps and somewhat reluctantly give you my answers. After you go through this list, I want you to think of and write down your answers; and if you’re willing, put them in the comments box.
Here it goes…
Step 1: Fix in your mind the exact amount of money you desire. It is not sufficient merely to say “I want plenty of money.” Be definite as to the amount. (There is a psychological reason for definiteness which will be described in a subsequent chapter.)
My amount is $100 million. I just laughed. Again. Feel free to laugh with/at me. This may seem like a lot of money, but that’s because it is. At the same time, there are plenty of people who have $100 million; why should I expect any less? I might as well give myself something to reach for. Wait, no, I will one day be in possession of $100 million.
Step 2: Determine exactly what you intend to give in return for the money you desire. (There is no such reality as “something for nothing.”)
I plan on giving an enormous amount of time and effort into building my business. I truly believe JuniorBiz.com will be the gateway to my riches.
This doesn’t necessarily mean that this website will be the source of my money, but by developing this site I am constantly learning on a day-to-day basis. Not many people can say that. The knowledge I am gaining from JuniorBiz.com will be what makes me rich.
Step 3: Establish a definite date when you intend to possess the money you desire.
I will have $100 million by April 16th, 2038 (my 50th birthday).
Step 4: Create a definite plan for carrying out your desire, and begin at once, whether you are ready or not, to put this plan into action.
(I’m not sure if I’m supposed to share this…) For the next 17 and ½ years I will be developing JuniorBiz.com as the world’s foremost resource for young entrepreneurs. During this time I will travel around talking to youth programs encouraging them to pursue entrepreneurship; resulting in my personal development as a motivational speaker.
Once the JuniorBiz chapter of my life is closed I will become a world-renowned business consultant. I will have gained so much business experience that companies will be willing to pay me in excess of $100,000 just to talk to and motivate their organizations.
I know, it’s arrogant, cocky and probably unreasonable to expect these things, but I am! Leave your comments below.
Step 5: Write out a clear, concise statement of the amount of money you intend to acquire, name the time limit for its acquisition, state what you intend to give in return for the money, and describe clearly the plan through which you intend to accumulate it.
By April 16th, 2038 I will be in possession of $100 million. I will earn this money by devoting a great deal of time and effort into building my business, JuniorBiz, LLC. For the next 17.5 years I will be committed to establishing JuniorBiz.com as the ultimate resource for youth entrepreneurship. In 18 years I will be sought-after as a high-priced business consultant and organizational motivator for the world’s largest corporations.
There you have it. Don’t make fun of me.
Step 6: Read your written statement aloud, twice daily, once just before retiring at night, and once after arising in the morning. As you read—see and feel and believe yourself already in possession of the money.
This sounds impractical but Hill insists, “The object is to want money, and to become so determined to have it that you convince yourself you will have it.” I have already written it down and posted it on my bedroom wall.
I think it’s important to know that money is not and should not be your primary purpose or motivation in life. Hill also goes on to enforce this point. Personally, I am hardly making any money for all of the effort I have put into this site, but I still love it.
Money is, however, the most widely used metric to measure success partly because no other metric is as quantitative. Hill also argues that money is not the source of happiness but people are much more likely to be happy if they don’t have to worry about money.
Overall, I wouldn’t say Think and Grow Rich by Napoleon Hill has changed my way of thinking as much as it has enforced my current way of thinking, but was still a great read.
If you are interested in purchasing a copy of the book, here is my affiliate link to Think and Grow Rich by Napoleon Hill on Amazon. Last I checked there are used copies available from $5.19 + $3.99 S/H (total, $9.18). If you purchase the book through my affiliate link, I will receive 4% of the purchase price (about $0.21).
However, I recommend buying it off of Half.com. I won’t make anything but you will save quite a bit. Used copies are available for $0.75 + $3.49 S/H (total, $4.24).
I have revealed quite a bit about myself in this post, and if you are willing to do the same I encourage you to leave your Step 5 statements in the comment box. It would be interesting to hear how other people intend to make money.