Think and grow rich, really?
One of the all-time great self-help books has to be Think
and Grow Rich by Napoleon Hill. I still have my battered old copy of the book,
which I bought in the Philippines in the 1980’s.
and Grow Rich by Napoleon Hill. I still have my battered old copy of the book,
which I bought in the Philippines in the 1980’s.
Written in the 1930s by Hill while working in the White
House for President Roosevelt during the dark American depression years, it
still inspires people 90 years on.
House for President Roosevelt during the dark American depression years, it
still inspires people 90 years on.
This book is the daddy of all self-improvement books selling
well over 10 million copies and still selling. It claims to have made thousands
of people millionaires and I know people have turned their lives around after
reading this book and taking action.
well over 10 million copies and still selling. It claims to have made thousands
of people millionaires and I know people have turned their lives around after
reading this book and taking action.
My treasured battered old copy of Think and Grow Rich
One of Hill’s mentors, Andrew Carnegie, started him on a 20
year quest to study and write about what makes people successful and gave him
his secret, which Hill cleverly sprinkles throughout the book without
specifically revealing it.
year quest to study and write about what makes people successful and gave him
his secret, which Hill cleverly sprinkles throughout the book without
specifically revealing it.
Carnegie, then the richest man in the world worth over 400
million and still one of the all-time wealthiest men when his wealth is
adjusted for inflation, introduced Hill to the likes of Henry Ford and Harvey
Firestone. He went on to give most of his fortune away setting up thousands of
Carnegie libraries in America and Britain. Bill Gates and Warren Buffett are
following in Carnegie’s footsteps.
million and still one of the all-time wealthiest men when his wealth is
adjusted for inflation, introduced Hill to the likes of Henry Ford and Harvey
Firestone. He went on to give most of his fortune away setting up thousands of
Carnegie libraries in America and Britain. Bill Gates and Warren Buffett are
following in Carnegie’s footsteps.
The brilliant title, “think and grow rich”, is actually a
little deceiving because it suggests that you can merely “think” and grow rich.
little deceiving because it suggests that you can merely “think” and grow rich.
I remember reading:
First you have to decide on exactly how much money you want.
Secondly, you must decide what you will give in return for
the money, as there is no such thing as something for nothing.
the money, as there is no such thing as something for nothing.
There’s always a catch!
However, if you read the book, you’ll discover that it’s
packed with practical ideas and advice to help you accumulate wealth and riches
– whatever that means to you.
packed with practical ideas and advice to help you accumulate wealth and riches
– whatever that means to you.
The author never suggested that you could just sit there meditating
and think and grow rich. Ohm, the money will come!
and think and grow rich. Ohm, the money will come!
Hill specifically refers to many steps including, organised
planning, specialise knowledge, taking decisions, masterminds, goal setting and
taking action to start a small business or getting a better job.
planning, specialise knowledge, taking decisions, masterminds, goal setting and
taking action to start a small business or getting a better job.
Interestingly, some of the small business idea are not
dissimilar to the sort of things you would do as a start-up entrepreneurial
today.
dissimilar to the sort of things you would do as a start-up entrepreneurial
today.
Napoleon Hill writes about how to start in a service
business, which is ideal for somebody with little or no capital. That’s still
true today. He even offers bookkeeping as an example of a good service to start
with. Even today, most businesses need a good bookkeeper just as much as they
need an accountant. When I was in business, we always struggled to find a good
bookkeeper and had to pay well to find a good one.
business, which is ideal for somebody with little or no capital. That’s still
true today. He even offers bookkeeping as an example of a good service to start
with. Even today, most businesses need a good bookkeeper just as much as they
need an accountant. When I was in business, we always struggled to find a good
bookkeeper and had to pay well to find a good one.
Other useful tips he gives are getting help writing a better
CV so that you can get a higher paid job and gaining specialist knowledge as
opposed to the general knowledge taught in schools.
CV so that you can get a higher paid job and gaining specialist knowledge as
opposed to the general knowledge taught in schools.
He also talked about people bringing business ideas to
venture capitalist and becoming overnight millionaires.
venture capitalist and becoming overnight millionaires.
Some of the chapters were a little weird, but overall the
advice is still relevant even by today’s standards.
advice is still relevant even by today’s standards.
Hill cleverly mentions the one ‘big secret’ placed
throughout the book, but doesn’t tell what it is! You have to read the book to
find it.
throughout the book, but doesn’t tell what it is! You have to read the book to
find it.
Nowadays, it is far easier to get started in business with
the advent of the digital age. Fortunes have been made faster than ever before.
We have so many tools at our disposal that you can get on business within a day
with no premises, leases or staff.
the advent of the digital age. Fortunes have been made faster than ever before.
We have so many tools at our disposal that you can get on business within a day
with no premises, leases or staff.
More training and specialist knowledge – from courses on
getting started in property or setting up an Amazon store - is available than
ever before. You don’t need years or even months to learn new skills.
getting started in property or setting up an Amazon store - is available than
ever before. You don’t need years or even months to learn new skills.
If you would like to learn how to increase your earning
power and expand your wealth, drop me an email to charles@charleskelly.net
power and expand your wealth, drop me an email to charles@charleskelly.net
Check out my Money Tips podcast: on iTunes:
https://itunes.apple.com/gb/podcast/money-tips-podcast/id1442532994?mt=2
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