People often ask me which books have had a profound impact on my life, and without a doubt, one of my top recommendations is Napoleon Hill's timeless masterpiece - "Think and Grow Rich." Don't let the fact that it was first published in 1937 fool you, this book is a classic gem that has stood the test of time. With over 70 million copies sold worldwide, this literary treasure has transformed countless lives and propelled individuals towards great success and prosperity. It's no wonder that it's widely hailed as one of the greatest business books ever written!
For over 25 years, Hill tirelessly sought out the most successful and wealthiest people in the world, including the likes of Andrew Carnegie, Henry Ford, and Thomas Edison. He dove deep into their minds, uncovering their closely-guarded secrets on how they amassed their fortunes and, more importantly, how they were able to maintain them. From his extensive research, Hill distilled the most powerful advice and principles into 13 practical steps that anyone can follow to achieve their goals and build lasting wealth.
One of the key principles in the book is the power of a strong desire. Hill says, “Whatever the mind can conceive and believe, it can achieve.” For those in agriculture, this means having a clear vision of what you want to achieve, whether it’s expanding or improving your operation or successfully passing it on to the next generation. By focusing on what you truly want, documenting it, and believing in your ability to achieve it, you’ll be motivated to take action and make it a reality.
Another common success trait of the subjects of Hill’s study is that of persistence. Hill writes, “The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those which fail.” In agriculture, we all know there are many obstacles and challenges that can arise, from adverse weather conditions to rising interest rates and cattle market fluctuations. However, by remaining focused, persistent, and adaptable when necessary, you can overcome these challenges and continue moving towards your goals.
Hill also emphasizes the power of a positive mental attitude. He says, “Success comes to those who become success conscious. Failure comes to those who indifferently allow themselves to become failure conscious.” For farmers, this means focusing on the opportunities rather than the obstacles and maintaining a positive attitude even in difficult times. By approaching challenges with a can-do attitude and a belief in your ability to succeed, you’ll be more likely to find solutions and keep moving forward.
Another principle that has always particularly resonated with me is the importance of continually improving your specialist knowledge through education. Hill writes, “Knowledge has no value except that which can be gained from its application toward some worthy end.” As a farmer, it’s crucial to continually learn and seek out expertise that can help you improve your operation and stay ahead of the curve. Whether it’s attending conferences, networking with other successful farmers, surrounding yourself with exceptional professional advisers, or working with a coach, investing in your own ongoing education will always pay dividends in the long run.
In my humble opinion, "Think and Grow Rich" is an absolute stand-out for those who truly want success and to grow their family’s wealth. So, if you're ready to unlock the secrets of the world's wealthiest and most successful individuals, grab yourself a copy, and start implementing these transformative principles into your life and business! Believe me, you won't regret it.
Cheers, Ben
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Disclaimer: The information contained in this column is general in nature and for education purposes only. It is not financial advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this column.