Law Of Success: Part I

 

The last few months, I have been immersing myself in the teachings of Napoleon Hill and would like to share with you a summary of the main principles that I have learned from his book, “Law of Success: The 21st-Century Edition.”

 

Unless you are new to learning success strategies, then you know the name Napoleon Hill. But for the benefit of those who are new to this and just now starting to purposefully work on making their lives more successful and don’t know the name; Mr. Hill is quite arguably the author of the world’s first practical philosophy of human achievement. Many NLP theories came from him before there was even a name for Neuro-Linguistic Programming. 

 

Commissioned back in 1908 by the great steel magnate, Andrew Carnegie, Hill spent well over 25 years researching the lives of over 500 of the most successful people on the planet to find out what actually made them so successful.

 

What makes his findings so amazing is that most of Hill’s work didn’t come from second-hand research but first-hand knowledge from personal, direct contact with some of the greatest names of the day including people like Henry Ford, Alexander Graham Bell, Thomas Edison, John D. Rockefeller, and US Presidents Woodrow Wilson, William Howard Taft and Theodore Roosevelt.

 

While “Think and Grow Rich” is certainly Hill’s most popular book based on the results of his exhaustive research and I would suggest that it be in the personal library of anyone who wants to learn about success, the “Law of Success” (which was first published in a set of eight volumes) is Hill’s most comprehensive work of achievement, I’d almost say that it is the world’s first and foremost encyclopedia of success.

 

I would rank Napoleon Hill’s “Law of Success: The21st-Century Edition” as the foundational book for developing a practical success philosophy that anyone can easily apply to their lives. The fully revised and updated 21st-Century Edition comes in at 1035 pages containing Hill’s deep analysis of the 17 proven principles of success, many personal examples and stories from his own life experiences, and new commentary from the editors providing modern parallels with contemporary events and the latest management theories.

 

In this special three part series, I will attempt to give you a brief summary of each of Napoleon Hill’s 17 Principles from his classic bestseller; master these principles and you will master your destiny!

 

Principle # 1: The Master Mind

 

The mastermind is basically a friendly alliance of two or more people working together in full cooperation towards achieving one goal. It’s used for creative problem solving, the mastermind group is created from a combined group’s spirit, which can accomplish far more than any individual member could possibly hope to achieve independently.

 

The way Mr. Hill recommends forming a workable mastermind group is with ideally six to twelve like-minded individuals who will support the chief aim of the group, who are generally like-minded, and who are willing to meet with you regularly to help you accomplish the aim of the group by everyone helping each other and holding each other accountable. You must offer each group member something in return that will reward his or her participation in your mastermind group.

 

Whether you choose to develop a formal alliance or not, the Master Mind principle will still have a powerful influence over your life – for better or worse. It is said you are the average sum total of the people you spend the most time with which will either help or hinder you. Choose your friends and associates carefully.

 

Principle # 2: A Definite Aim

 

Without a definite purpose backed by a definite plan, it could be said, is like a rudderless ship in the middle of the Atlantic. Good intentions and hard work are not enough. You need a purpose, you need a plan, and you need a whole lot of perseverance backed with a burning desire to achieve your goals in life.

 

To realize your direction and main goals, Hill suggests writing out your WWWH and reviewing it daily: “know what you want, when you want it, why you want it, and how you intend to get it.” Also include what you plan to give in return for reaching your dream.

 

Note: I have found that the what, when and how are important, but the most important is the why. If your why is big enough, all of the other answers will come.

 

By reviewing this manifesto (if you want to call it that) on a daily basis (I suggest first thing every morning), with intense feeling, you will begin attracting the people and circumstances in your life to make your wildest dreams come true.

 

It may sound a little “woo-woo” but you do find that you attract that which you spend most of your time concentrating on. Try it for a week.

 

Principle # 3: Self-Confidence

 

To be self-confidant you must know yourself and know your business. Know your strengths and weaknesses, your greatest fears and deepest desires. Those who do not know live in constant fear and anxiety. A leader must know.

 

Keep a log of all your accomplishments and all the praise you receive and review it frequently. Tell yourself daily about how successful you are becoming.

 

Fill your mind with positive, inspiring thoughts. Surround yourself with people who will empower you. Have faith in others and see the good in people because how you view others is a reflection of yourself.

 

Principle # 4: The Habit of Saving

 

Pay yourself first by developing the habit of consistently saving a portion of your income. Hill and many others suggest saving at least 10% of your earnings.

 

Tip: if you’ve accumulated high-interest debts such as credit card debt, student loans, etc. it’s a good idea to use the 80/20 rule and allocate 80% of your savings to paying down the debt in order to avoid that debt from growing faster than the rate of return you’re getting on your savings.

 

Note: After my wife and I lost our house, one car, facing bankruptcy and about to lose our other vehicle, we found ourselves over $100,000 in debt and used Dave Ramsey’s Financial Peace University to start getting back on track.

 

Those who have will be given more. Having even a modest savings account will increase your self-confidence and will attract many opportunities that would normally not come your way without that extra cushion.

 

Successful people will be more willing to back your idea or promote you within their enterprise if they see that you yourself have developed the self-discipline of saving.

 

Hill recounts several instances in his book where people who had built up a little savings account were able to invest in new business opportunities, attract financing for their ideas, or enter into partnerships that would later result into untold millions.

 

Principle # 5: Initiative and Leadership

 

“Do the thing and you shall have the power.” – Emerson

 

According to Hill, leadership is “doing the right thing without being told.” Leadership is ultimately about taking initiative and getting things done. Bottom line is that successful leaders get paid for results not warming an office chair.

 

By always providing additional service without any expectation for pay, you will build your initiative muscles. Make it a point to go above and beyond.

 

Leadership requires self-sacrifice. Leaders are givers. Inspire and help others and you will be rewarded in direct proportion to your efforts. Zig Ziglar, likes to say, “You can have everything in life you want, if you will just help other people get what they want.”

 

I hope you enjoyed Part I of this “Law of Success” series. For Law of Success Part II, it will be posted shortly.

 

In the meantime, take this week to follow these 5 principles, share these principles with your peers, discuss the concepts and teach other people what you’ve learned. There’s no better way to learn than by teaching others.

 

To get your copy of Napoleon Hill’s “Law of Success: The 21st Century Edition” Click here. It's worth the investment.