think and grow rich

Think and Grow Rich in 12 Steps

It’s easy to understand why reading and making money go hand in hand when you consider the think and grow rich philosophy.

The more you read, the more you know. 

The more you know, the more you grow – wealth, that is.

According to Entrepreneur, “For the average millionaire, reading can help them grow and learn. In fact, according to research from Thomas Crowley, 85 percent of self-made millionaires read two or more books per month.”

Zig Ziglar, Bill Gates, Mark Cuban, and Mark Zuckerberg are all avid readers. 

Plus, Medium reports, “Warren Buffet claims to read 500 pages a day. He’s stated that he devotes about 80% of his time to reading. Perhaps it isn’t a coincidence that he’s one of the richest men in the world.”

Keeping these wealthy readers in mind, there is a personal development book about wealth that has stood the test of time.

The author Napoleon Hill studied 500 wealthy men, including Andrew Carnegie, and discovered key principles to wealth and success all these men possessed. 

However, Hill’s classic book, Think and Grow Rich, does not once mention the words “money,” “wealth,” or “finances.” 

Yet, it is considered the quintessential book for all those hoping to increase their wealth. 

Even more surprisingly, Think and Grow Rich was published during the Great Depression. 

From its time of publication to today, it has been a personal development bestseller and has sold 20 million copies. 

And it’s considered a must-read for every person hoping to grow their business, eliminate debt, and build a happy retirement lifestyle. 

Following Hill’s philosophy, Retirement Hustle has identified 12 key steps to think and grow rich.

Think and Grow Rich In 12 Steps

#1 Burning Desire

burning desireYou must be in love with your goal. 

In Think and Grow Rich, Hill states, “Wishing will not bring riches. But desiring riches with a state of mind that becomes an obsession, then planning definite ways and means to acquire riches, and backing those plans with persistence which does not recognize failure, will bring riches.”

Those who find success are passionate about why they are doing what they are doing and have a clear goal in mind. 

For example, it takes a burning desire to have financial freedom to escape debt. If you are lackadaisical about getting out of debt, it won’t happen.


#2 Absolute Faith

faith in yourselfHill says, “Riches begin in the form of thought! […] Faith removes limitations!

You must have a growth mindset, and you must have faith in yourself.

You must believe that your goal is achievable and that you can be the one to achieve it.

No. Matter. What.  


#3 Self-Talk

Positive self-talkSay your goal to yourself twice a day in the present tense.

For example, “I am successful.”

Talking to yourself positively throughout the day will change your way of thinking.

Hill says, “Your ability to use the principle of auto-suggestion will depend, very largely, upon your capacity to concentrate upon a given desire until that desire becomes a burning obsession.

Positive self-talk, or what Hill refers to as auto-suggestion, has been proven effective.

According to Healthline, “Research suggests people with positive self-talk may have mental skills that allow them to solve problems, think differently, and be more efficient at coping with hardships or challenges.”


#4 Specialize

become expertBecome the expert in one narrow focus.

Going back to the correlation between readers and millionaires, it is easy to see how these individuals read to become experts in their fields.

In other words, you must continue to learn and grow. 

Do not become stagnant.

As Hill explains, “Successful men, in all callings, never stop acquiring specialized knowledge related to their major purpose, business, or profession.”


#5 Imagination

imagination“What the mind of man can conceive and believe, it can achieve” is one of Hill’s hallmark expressions in the book.

This is a key step to personal development. 

All good ideas start in one’s imagination.

Be brave enough to take your ideas and do something with them. 


#6 Plan

make a planMake a plan. Work the plan.

Hill says, “Step up to the front, select what you want, create your plan, put the plan into action, and follow through with persistence.”

And don’t give up on your plan at the first sign of trouble.


#7 Take Massive Action

Take Massive ActionDecide now. Decide promptly.

The universe loves speed, and a key trait of wealthy people is decisiveness.

Hill says, “People who fail to accumulate money, without exception, have the habit of reaching decisions, if at all, very slowly, and of changing these decisions quickly and often.”


#8 Be Persistent

Be PersistentNever give up…ever!

Hill says, “Riches do not respond to wishes. They respond only to definite plans, backed by definite desires, through constant persistence.”

Some of the wealthiest people in the world have failed.

But they didn’t give up.

They learned from their mistakes and persisted.


#9 Rebound from Failure

Rebound from FailureNobody is successful all the time with everything they try to do. The key is to rebound from your failures and learn how to do better this go-round.

Plus, people who successfully rebound from failures look better in the eyes of the world.


#10 Collaborate

CollaborateWorking with others can make you more effective.

Successful people surround themselves with other successful people.

Collaborating with other intelligent self-starters is a great way to learn, grow, and improve.

Hill says, “A group of brains coordinated (or connected) in a spirit of harmony will provide more thought-energy than a single brain, just as a group of electric batteries will provide more energy than a single battery.”


#11 Take Risks

take risksWith risk comes a fire. A burning push to keep you going.

The definition of risk is “a situation involving exposure to danger.”

You will do whatever you can to get yourself out of danger. If there is a risk involved, you will be invested in the results.


#12 Self-Improvement

Self-ImprovementWorking on yourself through reading, taking classes, or changing bad habits is an investment in your future. 

Growth in yourself eventually leads you to new opportunities.

Personal development includes anything that develops your talents, such as reading Hill’s Think and Grow Rich yourself.

Grab your copy here


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