At the peak of Andrew Carnegie's career, he crossed paths with an impressive journalist named Napoleon Hill, who he trusted to document — and share with the world — the strategies that turned him into one of the wealthiest and most successful businessmen of all time.
"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," Hill wrote in the preface of "Think and Grow Rich," the result of his collaboration with Carnegie. In addition to analyzing Carnegie, who became the richest man in the world after starting with little more than a penny upon arriving in the US from Scotland, Hill studied more than 500 self-made millionaires over a span of 20 years.
His interviews and research culminated in the 1937 bestseller, "Think and Grow Rich," which shares what he calls the "money-making secret" in 13 principles. There is no mention of "money," "wealth," "finances," or "stocks" within Hill's text; he takes a different approach, focusing on breaking down the psychological barriers that prevent many of us from attaining our own fortunes. This approach is still relevant today, 78 years later. As personal finance expert Farnoosh Torabi said on episode one of her podcast, "Mastering your money has more to do with psychology and mindset than anything else." Here are Hill's 13 steps, in his words and ours:
"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," Hill wrote in the preface of "Think and Grow Rich," the result of his collaboration with Carnegie. In addition to analyzing Carnegie, who became the richest man in the world after starting with little more than a penny upon arriving in the US from Scotland, Hill studied more than 500 self-made millionaires over a span of 20 years.
His interviews and research culminated in the 1937 bestseller, "Think and Grow Rich," which shares what he calls the "money-making secret" in 13 principles. There is no mention of "money," "wealth," "finances," or "stocks" within Hill's text; he takes a different approach, focusing on breaking down the psychological barriers that prevent many of us from attaining our own fortunes. This approach is still relevant today, 78 years later. As personal finance expert Farnoosh Torabi said on episode one of her podcast, "Mastering your money has more to do with psychology and mindset than anything else." Here are Hill's 13 steps, in his words and ours:
1. Desire: You have to want it2. Faith: Believe that you can achieve your goal 3. Auto-suggestion: Use affirmations to reach your goal 4. Specialized knowledge: Gain experiences and continue learning 5. Imagination: Come up with ideas and visualize your success 6. Organized planning: Take action 7. Decision: Defeat procrastination with decisiveness 8. Persistence: Don't stop until you get what you want 9. Power of the Master Mind: Surround yourself with the best 10. The Mystery of Sex Transmutation: Choose a compatible partner 11. The Subconscious Mind: Master positivity and dismiss negative emotions 12. The Brain: Associate with other smart people and learn from them 13. The Sixth Sense: Trust your gut
Source: Business Insider
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