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How to Turn Your Real Estate Investing Desires into Gold

Monday, April 28th, 2008

Napoleon Hill Book Think and Grow RichMore people attribute their financial success to Napoleon Hill’s classic, Think & Grow Rich, than any other book in the history of the world. That should be enough said to get the point across to any serious student. After interviewing over 500 of the wealthiest men of his time and more than 20 years later, Hill crystallized the science of personal achievement.

I just started reading the book again for probably the 5th or 6th time, and it still amazes me. I have also listened to the abridged and unabridged CDs countless times. But just reading or listening to the book is not enough. You must follow his advice and take the practical steps outlined to achieve the results. As I was writing out my definite chief aim again, I decided I’d share his “Six Ways to Turn Desires into Gold” as quoted directly from the book:

“FIRST: fix in your mind the exact amount of money you desire. It is not sufficient merely to say “I want plenty of money.” Be definite as to the amount. (There is a psychological reason for definiteness which will be described in a subsequent chapter.)

SECOND: determine exactly what you intend to give in return for the money you desire. (There is no such reality as “something for nothing.”)

THIRD: establish a definite date when you intend to possess the money you desire.

FOURTH: create a definite plan for carrying out your desire, and begin at once, whether you are ready or not, to put this plan into action.

FIFTH: write out a clear, concise statement of the amount of money you intend to acquire, name the time limit for its acquisition, state what you intend to give in return for the money, and describe clearly the plan through which you intend to accumulate it.

SIXTH: read your written statement aloud, twice daily, once just before retiring at night, and once after arising in the morning. As you read–see and feel and believe yourself already in possession of the money.”

Several paragraphs later he says, “…you can never have riches in great quantities unless you can work yourself into a white heat of desire for money, and actually believe you will possess it.”

Real estate investor or not, this is extremely powerful advice. In life, you decide who to listen to. Anyone that has studied hundreds of successful men and women and was commissioned by one of the wealthiest men in America to do so has my attention. How about yours?

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    Who's Behind Must Know Investing?

    Patrick Riddle:
    Patrick grew up in Lexington, South Carolina. Went to Clemson University for several years studying civil engineering and wound up doing real estate investing in Charleston, SC.
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