THINK AND GROW RICH'S CHAPTER REPORT (6-10)
Hi guys, welcome back to my blog. So today i'd like to continue the chapter report from chapter 6 until chapter 10, check it out!.
Chapter 6: Imagination
Many years ago, a clerk from a drug store used all of his life savings, about $500 to buy an old kettle, a wooden spoon and a secret formula from a doctor. It was a good deal for the doctor who wanted to retire, but little did the doctor know that it turned out to be a life-changing deal for the clerk, Asa Candler.
Asa Candler knew that he did not really purchase the kettle and the wooden spoon, but an idea. Candler then mixed the ingredient with the secret formula through his own imagination and created Coca-Cola. Candler aggressively marketed the new drink and became super successful with it. And Coca-Cola has created thousands of jobs and business opportunities to people all across the world, and it all starts with an idea.
Hill says that imagination is one the most important steps to success that everyone must use. And he explains that there are two types of imagination, one is the synthetic imagination, which simple rearrange the existing ideas into new concepts. And another type of imagination is the creative imagination, which creates something from nothing.
Most people thought that richest come from hard work, which according to Hill, is only partially true. Hill writes that riches come “in response to definite demands, based upon the application of definite principles… when a creator of ideas and a seller of ideas got together and worked in harmony.” The ideas that come from imagination are the forces that cause things to come into reality. And so you must add imagination to your specialized knowledge to grow rich.
Chapter 7: Organized Planning
In the previous chapter, Hill already touches about the importance of organized information to gain riches. And in this chapter, Hill discusses how one can achieve extraordinary success through organized planning. He shares with the readers a couple of steps that can be taken to construct a practical plan to accomplish what people desire.
First, Hill says, you must associate yourself with other people to create a direction and put your plan into action. And he calls this group of people, the ‘mastermind’, which he also dedicates a whole chapter to this subject. And before you form alliances with this group of people, you need to determine what you can offer them in return for their help and cooperation. Besides that, you must make sure you meet with your mastermind group at least twice every week to perfect your plan and strategize your action. And make sure to always maintain harmony with your group to achieve better results.
Hill also says that the process of planning must be continuous and persistent. Even when you face difficulties and failures, never give up and continue to work on your idea and tweak your plans.
Hill dedicates a lot to this chapter. He even lists the 11 qualities of a leader and his 10 major causes of a leadership failure. He also writes the 30 causes of failure in life and the 28 questions you should ask yourself annually to gauge your progress.
Chapter 8: Decision
According to Napoleon Hill, one of the most common reasons people fail is because of procrastination. He says that it is important to avoid procrastination and take immediate action. Most people will wait and refuse to do things immediately, which causes them to lose motivation and eventually, fail in their venture.
Hill gives the example of Henry Ford, who was known to make quick decisions and once he made those decisions, he changed them very slowly and deliberately. Ford was famous as an obstinate person who created the ‘Model T’, where a lot of customers and advisors said that the car was ugly, but Ford did not sway from his decision. And of course, Ford’s persistence paid off handsomely and making Ford one of the largest mass car producers in the world.
The ability to decide quickly with determination comes from having a definite purpose and understanding exactly what you want. And this ability defines leaders. As Hill writes, “The world has the habit of making room for the man whose words and actions show that he knows where he is going.”
Apart from that, Hill also says that if you are easily influenced by others and take a long time to make a decision because you need to listen to advice from others, you will rarely succeed. This is because it means that you do not have a strong burning desire for what you want. You must use your own brain, thoughts, body, and soul to make your decisions and stand by them.
Chapter 9: Persistence
Persistence is an extremely important factor that will determine your success and riches in life. Hill says that it is an important habit or practice you need to develop to build faith and succeed in your endeavors. There are a couple of examples given by Hill to show their will and determination in handling difficult moments. One is none other than Thomas Edison, the famous inventor who invented light-bulb.
Hill says that Thomas Edison failed more than 10,000 times in his attempts, but Edison continues to persist and work on his experiment despite all the failures. Most people will quit after failing a few times, let alone 10,000 times like Edison. And this is exactly why most people fail to amass wealth or success in life. They simply jump to conclusion that things will not work out and they give up way too soon. Remember the story of Darby? He was just 3 feet away from striking gold, but he quit way too soon.
Persistence is a state of mind that can be cultivated by having the definiteness of purpose, self-reliance, desire, accurate knowledge, willpower, definiteness of plans, and also a habit.
Chapter 10: Power of the Mastermind
Hill writes that mastermind is perhaps the most important principles to success. As what he already explains in the earlier chapter, you need to leverage both the economic and “psychic” features of having such a group of individuals to support you in your journey.
In a simple term, the combination of experience and brainpower has a serious economic advantage. For instance, when you are surrounded by like-minded people who are always striving for higher success and better results, you will think the same and act the same. You will then be influenced by the people around you and become like them. On the other hand, when you surround yourself with lazy and negative people, you will follow the same pattern and become lazy and negative.
A mastermind group is a group of like-minded people who meet regularly to push themselves toward their goals, hold each other accountable, and tackle challenges and solve problems together. Andrew Carnegie, the industrialist who encouraged Hill to write this book, had his own mastermind group. The same goes for Henry Ford. Ford builds a group and meets regularly with Thomas Edison, Harvey Firestone, and other brilliant minds in a group they held at their winter mansions in Florida.
Napoleon Hill is the person who popularized the concept of the mastermind. He believes that one cannot be successful without the help of others. And he refers to help, he is not referring to any help, but specific help from other successful people who can support and grow you to greater heights.
Okay guys that's all for today's chapter report.
See you next week.
Chapter 6: Imagination
Many years ago, a clerk from a drug store used all of his life savings, about $500 to buy an old kettle, a wooden spoon and a secret formula from a doctor. It was a good deal for the doctor who wanted to retire, but little did the doctor know that it turned out to be a life-changing deal for the clerk, Asa Candler.
Asa Candler knew that he did not really purchase the kettle and the wooden spoon, but an idea. Candler then mixed the ingredient with the secret formula through his own imagination and created Coca-Cola. Candler aggressively marketed the new drink and became super successful with it. And Coca-Cola has created thousands of jobs and business opportunities to people all across the world, and it all starts with an idea.
Hill says that imagination is one the most important steps to success that everyone must use. And he explains that there are two types of imagination, one is the synthetic imagination, which simple rearrange the existing ideas into new concepts. And another type of imagination is the creative imagination, which creates something from nothing.
Most people thought that richest come from hard work, which according to Hill, is only partially true. Hill writes that riches come “in response to definite demands, based upon the application of definite principles… when a creator of ideas and a seller of ideas got together and worked in harmony.” The ideas that come from imagination are the forces that cause things to come into reality. And so you must add imagination to your specialized knowledge to grow rich.
Chapter 7: Organized Planning
In the previous chapter, Hill already touches about the importance of organized information to gain riches. And in this chapter, Hill discusses how one can achieve extraordinary success through organized planning. He shares with the readers a couple of steps that can be taken to construct a practical plan to accomplish what people desire.
First, Hill says, you must associate yourself with other people to create a direction and put your plan into action. And he calls this group of people, the ‘mastermind’, which he also dedicates a whole chapter to this subject. And before you form alliances with this group of people, you need to determine what you can offer them in return for their help and cooperation. Besides that, you must make sure you meet with your mastermind group at least twice every week to perfect your plan and strategize your action. And make sure to always maintain harmony with your group to achieve better results.
Hill also says that the process of planning must be continuous and persistent. Even when you face difficulties and failures, never give up and continue to work on your idea and tweak your plans.
Hill dedicates a lot to this chapter. He even lists the 11 qualities of a leader and his 10 major causes of a leadership failure. He also writes the 30 causes of failure in life and the 28 questions you should ask yourself annually to gauge your progress.
Chapter 8: Decision
According to Napoleon Hill, one of the most common reasons people fail is because of procrastination. He says that it is important to avoid procrastination and take immediate action. Most people will wait and refuse to do things immediately, which causes them to lose motivation and eventually, fail in their venture.
Hill gives the example of Henry Ford, who was known to make quick decisions and once he made those decisions, he changed them very slowly and deliberately. Ford was famous as an obstinate person who created the ‘Model T’, where a lot of customers and advisors said that the car was ugly, but Ford did not sway from his decision. And of course, Ford’s persistence paid off handsomely and making Ford one of the largest mass car producers in the world.
The ability to decide quickly with determination comes from having a definite purpose and understanding exactly what you want. And this ability defines leaders. As Hill writes, “The world has the habit of making room for the man whose words and actions show that he knows where he is going.”
Apart from that, Hill also says that if you are easily influenced by others and take a long time to make a decision because you need to listen to advice from others, you will rarely succeed. This is because it means that you do not have a strong burning desire for what you want. You must use your own brain, thoughts, body, and soul to make your decisions and stand by them.
Chapter 9: Persistence
Persistence is an extremely important factor that will determine your success and riches in life. Hill says that it is an important habit or practice you need to develop to build faith and succeed in your endeavors. There are a couple of examples given by Hill to show their will and determination in handling difficult moments. One is none other than Thomas Edison, the famous inventor who invented light-bulb.
Hill says that Thomas Edison failed more than 10,000 times in his attempts, but Edison continues to persist and work on his experiment despite all the failures. Most people will quit after failing a few times, let alone 10,000 times like Edison. And this is exactly why most people fail to amass wealth or success in life. They simply jump to conclusion that things will not work out and they give up way too soon. Remember the story of Darby? He was just 3 feet away from striking gold, but he quit way too soon.
Persistence is a state of mind that can be cultivated by having the definiteness of purpose, self-reliance, desire, accurate knowledge, willpower, definiteness of plans, and also a habit.
Chapter 10: Power of the Mastermind
Hill writes that mastermind is perhaps the most important principles to success. As what he already explains in the earlier chapter, you need to leverage both the economic and “psychic” features of having such a group of individuals to support you in your journey.
In a simple term, the combination of experience and brainpower has a serious economic advantage. For instance, when you are surrounded by like-minded people who are always striving for higher success and better results, you will think the same and act the same. You will then be influenced by the people around you and become like them. On the other hand, when you surround yourself with lazy and negative people, you will follow the same pattern and become lazy and negative.
A mastermind group is a group of like-minded people who meet regularly to push themselves toward their goals, hold each other accountable, and tackle challenges and solve problems together. Andrew Carnegie, the industrialist who encouraged Hill to write this book, had his own mastermind group. The same goes for Henry Ford. Ford builds a group and meets regularly with Thomas Edison, Harvey Firestone, and other brilliant minds in a group they held at their winter mansions in Florida.
Napoleon Hill is the person who popularized the concept of the mastermind. He believes that one cannot be successful without the help of others. And he refers to help, he is not referring to any help, but specific help from other successful people who can support and grow you to greater heights.
Okay guys that's all for today's chapter report.
See you next week.
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