🚀 The Book in 3 Sentences

There are many challenges in life, we just need to tackle them one by one.
Conquer your fears and turn them into inspiration for doing better.
Unlock your full potential, discover a new perspective on the way life is perceived.

🎨 Impressions

How I Discovered It

I discovered Think & Grow Rich by browsing the book aisles, I’ve heard about how good the book was and decided to buy it for myself.

Who Should Read It?

Think & Grow Rich is a book that I strongly believe everyone should read, it contains a vast amount of knowledge that can be substantially useful in our lives.

☘️How the Book Changed Me

Taught me that I need to focus on 1 skill and master that before acquiring a second skill.
Education is priceless and it’s by far the greatest investment you’ll ever make.
Persistence is key, never give up, change your plan, and continue with your idea/goal/dream.

✍️ My Favourite Quotes

“When a man really desires a thing so deeply that he is willing to stake his entire future on a single turn of the wheel in order to get it, he is sure to win” – Thomas Edison

📒 Summary + Notes

🍯 Stickability

Opportunity has the sly habit of slipping in through the back door, and often it becomes disguised in the form of misfortune, or temporary defeat.

When you have an idea that you genuinely think is good, but an investor turns the idea down in doubt of it becoming profitable, do not give up on that idea and keep trying to sell it.

Colonel Sanders the founder of fast food restaurant KFC, was turned down 1,009 times! Before succeeding in starting up his Kentucky Fried Chicken establishment which is now worth today roughly $8 billion! Persistence is key, follow through with an idea, if it has flaws, fix them.

🗣️ The Law of Attraction

Our brains become magnetised with the dominating thoughts which we hold in our minds, and these “magnets” attract to us the forces, the people, the circumstances of life which harmonise with the nature of our dominating thoughts.

The saying “you are what you eat” is similar to “you are what you think”. Your mindset is your most powerful tool in any given situation, a positive, open mind, has the potential to learn whilst a pessimistic, closed mind, has the negligence of learning and being considerate.

🐝 The 14 Principles to Success

1. Desire

The starting point of all achievement is desire.

Imagination

If you do not see great riches in your imagination, you will never see them in your bank balance.

Your dreams require visualization the make them a reality.

Estabilish in your mind the exact amount of money you desire. – $1 million.
Determine specifically what you are willing to give to attain your goal. – Time and money.
Set a firm deadline for acquiring your definite goal. – 2022.
Create, and immediately implement, regardless of your readiness-a concrete plan for attaining your desire.
Condense your response to #1-4 and write them in a clear, concise statement.
Repeat this statement to yourself out loud two times a day-once just before bed and once soon after waking up. As you recite the affirmation, see, feel, and believe yourself already in possession of your desire.

Personal Successful Equation

There is one quality that one must possess to win, and that is definiteness of purpose, the knowledge of what one wants, and a burning desire to possess it.

2. Faith

Faith is an emotion; a state of mind which may be induced, or created, by affirmation or repeated instructions to the subconscious mind, through principle of auto-suggestion.

The 3 key emotions: 1. Faith 2. Love 3. Sex

Not only can I achieve my definite chief aim, but I will achieve it, so I promise to take consistent action to attain it.
Acknowledging that my dominant thoughts will become reality, I commit to focusing 30 minutes each day on a clear mental picture of who I most want to become and what my life looks like when I have achieved this desire.
Recognizing the whatever desire I focus upon will seek expression in physical form, I will spend 10 minutes every day insisting my subconscious that I am self-confident.
Having written down my definite chief aim in life, I promise myself that I will never stop trying to achieve it.
I commit to basing all my efforts on a love of humanity and an intolerance for the lower emotions such as hatred, envy, jealousy, selfishness, and cynicism. I will decline any opportunity that does not benefit all parties involved, realizing that service to others is the surest way to build allies and attain success.

Fake it ’til you make it

Throughout the day, state your desire to your subconscious mind as though you are already in possession of it. Describe in detail what your life looks like once your desire has been attained. The visualization activity will enhance your self-confidence and your faith.

3. Autosuggestion

Formulating your own vision and repeatedly revisiting that vision to ensure you have a clear sight of what your goals and ambitions are.

This can be done by creating a statement with affirmations of your goals, by repeating this statement describing your vision, you’re embedding the visualization deeper into your brain allowing you to unlock full focus on that goal and vision.

4. Specialised Knowledge

The way of success is the way of continuous pursuit of knowledge.

Knowledge is only potential power. It becomes power only when, and if, it is organised into definite plans of action, and directed to a definite end.

Mastermind Groups

Being an entrepreneur isn’t easy, you have to learn a bunch of skills. Sometimes you may need help with certain areas from people who are more specialised and experienced in the categories you are weak in. It’s best to work with people smarter than you and have different roles for people to specialise in specific areas of the company because you simply can’t manage everything on your own. Big companies always have roles set out.

💳 Purchasing Knowledge

Those wanting to supplement their knowledge should:

Identify the gaps in your knowledge
Determine the purpose for which you want to obtain this knowledge
Discover where it can be obtained from reliable sources

Reliable sources might include:

Personal experience and past formal education
The experience and education of others (your mastermind group)
Colleges and universities
Public libraries
And special training courses (e.g., night school and home study programs).

5. Imagination

Man’s only limitation lies in the development and use of his imagination.

🧠 The workshop of the mind

An idea is an impulse of thought that impels actions, by an appeal to the imagination.

6. Organised Planning

Your achievement can be no greater than your plans are sound.

🦺 Building practical plans

The most intelligent man living cannot succeed in accumulating money, nor in any other undertaking, without plans which are practical and workable.

A mastermind group is the secret to developing and refining practical plans, the necessary ingredient to translate desire into material riches. Every plan should either be jointly created or evaluated and approved by the group member. The following are steps for creating practical plans:

Build a mastermind group that will provide you all the necessary support to create and/or execute your plans.
Determine what assistance and expertise you can provide in exchange for group members’ cooperation and insight.
Schedule meetings with this group at least twice per week
Ensure that perfect harmony is maintained between group members.

The Power of Persistence

Remember when your plans fail, that temporary defeat is not permanent failure. It may only mean that your plan has not been sound. Build other plans. Start all over again.

A quitter never wins, and a winner never quits.

11 Important Factors of Leadership

Unwavering courage
Self-control
A keen sense of justice
Definiteness of decision
Definiteness of plans
The habit of doing more than what is paid for
A pleasing personality
Sympathy and understanding
Mastery of detail
Willingness to assume full responsibility
Cooperation

10 Major Causes of Failure in Leadership

Inability to organize details (which requires efficiency and the ability to delegate)
Unwillingness to render humble service (there is no job too small for great leaders)
Expectation of pay for what they “know” instead of what they do with what they know
Fear of competition from followers (leaders should train understudies so that they can successfully delegate)
Lack of imagination
Selfishness (good leaders do not claim praise for themselves but redirect it to the team)
Intemperance
Disloyalty
Emphasis of the “authority” of leadership (leading by fear/force rather than encouragement/cooperation.
Emphasis of title.

7. Decision

Procrastination, the opposite of decision, is a common enemy which practically every man must conquer.

Decision making is an act of courage

The value of decisions depends upon the courage required to render them.

8. Persistence

Riches do not respond to wishes. They only respond to definite plans, backed by definite desires, through constant persistence.

9. The Power of the Mastermind

Organised effort is used through the coordination of effort of two or more people, who work toward a definite end, in a spirit of harmony.

10. The Mystery of Sex Transmutation

The desire for sexual expression is far by the strongest and most compelling of all human emotions, and for this very reason the desire, when harnessed and transmuted into action, other than that of physical expression may raise one to the status of genius.

The Great Motivator

When driven by sexual desire, men develop keenness of imagination, courage, will-power, persistence, and creative ability unknown to them at other times.

Hill discovered that individuals who had reached the apex of success shared two unique traits: they had what he calls a “highly developed sex nature,” and they were motivated by the influence of someone to whom they were sexually attracted to. For such individuals, these two forces serve as a major source of action for them, energizing them to implement their definite plans and persevere through challenging times. Sex, as one of the three great positive emotions (along with love and faith), induces a state of mind conducive to attracting riches, material, and otherwise.

🪶 Geniuses are made not born

Love, Romance, and Sex are all emotions capable of driving men to heights of super achievement.

11. The Subconscious Mind

The subconscious mind is the intermediary, which translates one’s prayers into terms which infinite intelligence can recognise, presents the message, and brings back the answer in the form of a definite plan or idea for procuring the object of the prayer.

The Blueprint for Riches

Thoughts are truly things for the reason that every material thing begins in the form of thought-energy.

12. The Brain

Every human brain is both a broadcasting and receiving station for the vibration of thought./

13. The Sixth Sense

Understanding of the sixth sense comes only by meditation through mind development from within.

It’s Not About Miracles

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.

The sixth sense is that mode of perception known as the creative imagination. It produces new knowledge that is received by the mind as a hunch, or inspiration. If you’ve ever had a “near miss” while driving a car and had an inclination that inspired you to avoid an accident, you’re familiar with this mechanism. The exact methodology by which the creative imagination operates is unknown, but it is clear that it is both mental and spiritual in nature.

14. How to Outwit the Six Ghosts of Fear

Thought impulses of fear and poverty cannot be translated into terms of courage and financial gain.

The Six Basic Fears

Fears are nothing more than state of minds.

In order to implement the 13 success principles effectively, you must extinguish three enemies that thwart the system’s functioning: indecision, doubt, and fear. These three negative states of mind are interrelated: indecision hardens into doubt, which then becomes fear. They are extremely insidious because they attack the subconscious and, as such, often grow while resisting detection. Although they are intangible forces that exist only in the mind, they wreak more havoc on humankind than any “real enemy.

In order of most to least common, the six basic fears are:

Fear of poverty
Fear of critisism
Fear of ill health
Fear of loss of love
Fear of old age
Fear of death

Any other fear not listed can be categorized into one of these broader groups. The first three are responsible for most of the worries in the world, but the dominance of one or more fears in society is a cyclical phenomenon: times recession augment the fear of poverty, while times of pandemic heighten the fear of ill health and death.

Think & Grow Rich