Think and Grow Rich! Is one of the more well known personal finance inspirational books out there. In fact, according to Wikipedia, it has sold more than 100 million copies worldwide as of 2015.
Frankly, I didn’t really like the book. It was an easy read though. I did not appreciate the large capital letters throughout the chapters and I thought it was basically like “The Secret” by Rhonda Byrne but translated into financial terms. I was hoping for something a little more related to how to save money and how to make money (slowly), but it turned out to be something a bit more entrepreneurial. Like encouraging creating a product or service that people would want that would be able to get you wealth beyond your wildest imagination. Basically, he says that if you think positive and take action, you will get what you want.
The book is written by Napoleon Hill in the 1930’s. Napoleon Hill spent decades studying what made successful people, well, successful, and then translated this into 13 fool proof steps that anyone can follow. Napoleon Hill credits Andrew Carnegie for giving him inspiration to write this book. He mentions Andrew Carnegie throughout the book. In case you didn’t know, Andrew Carnegie was a business magnate in the late 19th century and he was in fact one of the wealthiest individuals in the world in his hey-day. He created Carnegie Steel Company and the famous Carnegie Hall is named after him (well he built it).
The 13 Steps
Basically in this chapter, he introduces setting a goal and having an idea, and believing that you will achieve it. Transforming this into reality and writing down when you will achieve it and saying it aloud twice a day. Seeing it so much that and believing it so much that it will happen. This was the most “Secret” based chapter of the book, I found.
Here Napoleon Hill suggests that you should believe it so much that it is happening. If you have any doubt then it will creep into your subconscious and destroy your plans.
Again he reinforces that you should say out loud the money you strive to desire twice a day. For example, if your goal is to hit $1,000,000 net worth by age 40, then you say that twice a day out loud to yourself.
This was Bruce Lee’s personal statement after he read Think and Grow Rich:
I, Bruce Lee, will be the highest paid Oriental superstar in the United States. In return I will give the most exciting performances and render the best of quality in the capacity of an actor. Starting in 1970, I will achieve world fame and from then onward till the end of 1980 I will have in my possession the sum of $10,000,000—then I will live the way I please and achieve inner harmony and happiness.
He then achieved it but unfortunately died prematurely.
- Specialized Knowledge
This chapter details that you need to have specialized knowledge in order to become wealthy, or at least know people who do so that you can work with them.
Being creative and entrepreneurial is the key to growing rich.
- Organized Planning
Napoleon Hill lists qualities that determine success and qualities that determine failure in this chapter which I found quite interesting and spot-on.
When you know where you’re going and you have a plan, the world will work with you to create that plan. There’s no room for wishy-washiness in the world of success.
- Power of the Master Mind
- The Mystery of Sex Transmutation
This chapter made the least sense to me. Basically he says that you can tap into people’s inherent sex drive and capitalize it.
- The Subconscious Mind
Again, Napoleon Hill reinforces that it is important to have faith and to cultivate your subconscious mind by creating habits that will guide your subconscious towards success.
- The Brain
- The Sixth Sense
In this chapter he talks about the Universal Mind and Infinite Intelligence and how visualization is important in all of this.
In summary, I wouldn’t read it again. It was a bit too fluffy for me. I think it is definitely an inspiring book but I found a lot of the concepts in the book repetitive and unnecessary.
Readers, have you read Think and Grow Rich? What did you think of it?