Notes from Think and Grow Rich

Here are some direct quotes from Napoleon Hill's book, "Think and Grow Rich". You can find it here: Amazon

The Role of Desire

To create wealth from desire, follow this six-step plan:
1. Take mental snapshot of the amount of money you seek. Name a number.
2. Name your price. What are you willing to do for the money?
3. Create a deadline. Fix a date by which you will achieve your goals.
4. Start a task sheet with definite strategy. Start now.
5. Write a brief mission statement.
6. Make a declaration: Twice a day, read your mission statement aloud.

Organized Planning

1. Surround yourself with "master mind" allies. Cultivate a support team. Employ your talents and resources to help them and invite them to assist you.
2. Fine-tune your plan with regular support group meetings.
3. Establish harmony with each member of the group.

Overcoming Procrastination

Procrastination, a top cause of failure, is your enemy. Successful leaders make quick, meaningful decisions. Being decisive gives you "mastery of procrastination." Consider the advice and insight of your support group. Avoid anyone who undercuts your drive. Dodge the trap of public opinion by revealing your plans only to your small circle of advisers. When you indiscriminately broadcast your strategies, ideas and goals, you lessen your chances of success. Keep quiet; keep the faith.

The Subconscious Mind

Cultivate faith, desire, sex, love, energy, hope, and romance. Avoid jealousy, fear, greed, revenge, anger and hatred.

The Sixth Sense

Don't be hampered by the "six basic fears," fear of being poor, fear of reproach, fear of becoming sick, fear of being unloved, fear of getting old and fear of dying. Avoid fretting, dwelling on "destructive" thoughts or being swayed by negativity. The power of your thoughts gives you mastery and can give you money, as well.

You know you are spending too much when...

You know you are spending too much when you have to borrow to pay other debts...
You know you are spending too much when you cannot even make all the minumum payments on your credit cards...
You know you are spending too much when you eat out more than you eat in...
You know you are spending too much when your car payment is greater than your rent or mortgage...
You know you are spending too much when your bar tab exceeds the amount you saved from your last paycheck...

Remember, there is no shame in having debt if you are paying it back with the intention of paying it off as quickly as possible. Americans are saving less now that ever before. It is important that we as a nation put more emphasis on sound financial planning. The more of our fellow citizens that our financially fit, the better off the country will be as a whole.