11 Money Lessons from Think And Grow Rich by Napoleon Hill

Think and Grow Rich by Napoleon Hill is one of the most influential personal finance & self improvement books ever written.

Published in 1937, it’s sold over 100 million copies.

It’s helped millions learn the secrets of the wealthy, and achieve financial success.

Here are 11 lessons about money from Think And Grow Rich by Napoleon Hill.

Mindset

Think and grow rich is not a get-rich-quick book.

It’s actually the complete opposite.

Getting rich is less about the actual numbers, and more about the person you become.

If you lock 17 millionaires in a closet, take away all their money, and let them out ten years later…

…they still have the same skills.

Set up your mindset with fixed goals.

The same mindset has millionaires.

So, becoming someone who values financial I.Q will be how you become rich.

Desire

Napoleon Hill describes a burning desire. You’ve got to want whatever you’re going after in life bad enough to be an obsession.

Wish for some desires to activate willpower.

Hill says “we need to have the mentality of burning the ships and going all-in on our dreams, goals and desires.”

We have to be committed to making things happen.

Faith

If you go all-in on something, you have to have faith that it will work.

Otherwise, it’s going to be nerve-wracking to go all in.

You’ve got to be so sure about whatever you’re doing.

If you’re an entrepreneur starting a business, it’s going to work. You’ve got to keep revisiting that.

Believe in yourself and don’t listen to others’ negative speech.

Quotes

Napoleon Hill is a great advocate of adopting quotes for endless motivation.

• You are the master of your destiny.

• You can influence, direct and control your environment.

• You can make your life whatever you want it to be.

We’re in the driver’s seat of our life at the end of the day.

We can respond however we choose to life situations.

Before success comes in, life will meet defeats and some failure when defeat overtakes a person.

The easiest and most logical thing to do is quit.

That is what a majority of people do. Their greatest success came one step beyond the point at which defeat had overtaken them.

Specialised Knowledge

Napoleon Hill said that you could become rich with specialised knowledge.

There’s general knowledge, which is what we’re taught in schools.

Then there’s specialised knowledge, which makes you rich.

Increase and improve the knowledge power.

Formal education makes you a living. Self education makes you a fortune.

Organised Planning

The next step to growing rich takes organised planning, which in truth can take a lifetime.

So, how do you achieve gigantic goals like working towards anything in life?

You set smaller goals to keep yourself motivated.

Organised planning involves:

• Setting small goals.

• Hitting them.

• Feeling motivated to continue forward.

Instead of seeing it as ten goals, you see it as one goal.

Persistence

Bill Gates was locked up inside a cubicle, grinding away.

He had nothing to show for it for ten years.

If he had stopped at year nine, he wouldn’t have gotten any of the results he got right now.

It’s because he kept going and didn’t know for eight years.

He went all the way to year 10 to get the results he took.

It took persistence. Be patient and stay motivated.

Mastermind

The mastermind concept is unique to this book. It has many applications in today’s business world.

Napoleon Hill says, “you are the average of the five people you spend the most time with.”

Choose wisely who you spend your time with.

Make sure people are helping you move forward, and not holding you back.

Surround yourself with a positive community.

Boredom

Deep thinking needs a level of boredom to dive deep into where we get thoughts.

It takes time to come up with good ideas.

Also, it takes time to get clarity on what you should do in life.

Free your mind and embrace boredom to unlock your best thoughts.

Turn off all major distractions, like your phone, and start journaling your thoughts.

You might have the next big thing in the back of your mind.

Imagination

Albert Einstein once remarked that imagination is more important than knowledge.

Knowledge is limited, and imagination encircles the world.

The power of imagination is key to getting the life you desire.

Unlike knowledge, creative visions are not limited by present realities.

Instead, imaginations are like a world of our own, which we build by ourselves.

You must first imagine it for you to bring anything into existence.

Like the previous point, a free, and bored mind will help you imagine things you never thought that you could.

Fears

For every success in life, fear is the number one opponent.

• Fear of failure.

• Fear of embarrassment.

• Fear of death.

Fear is one evil adversary that’s caused many people to die without realising their true potential.

Nevertheless, as dangerous as fear is, it does not have the power to cripple you if you don’t let it.

Fear cannot stop a fearless person.

Napoleon compares the brain to radio as they operate at specific frequencies.

Thus, radio can only provide sound when the transmitter and receiver are set to the same rate.

The brain activity in response to the emotions on the same wavelength conclusively.

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