GROW RICH BY THE POWER OF YOUR MIND BY DR. JOSEPH MURPHEY

The Key Concepts

• The Power of Definiteness of Purpose: Success begins with a clear, laser-focused objective. Hill argues that a "vague desire" is a recipe for failure; you must have a specific goal and a deadline, which acts as a magnetic force pulling resources and opportunities toward you.
• The Twelve Riches of Life: Real wealth is holistic. Hill identifies 12 types of riches, including a positive mental attitude, physical health, harmony in human relationships, and freedom from fear, placing financial security as only one part of a truly "rich" life.
• The Master Mind Alliance: No one achieves greatness alone. This concept involves the coordination of knowledge and effort between two or more people who work toward a definite purpose in a spirit of perfect harmony.
• Applied Faith: This is a state of mind where you act as if your goal is already a reality. Hill distinguishes "faith" from "hope," describing it as a dormant power that is only activated through courageous, persistent action.
• The Law of Increasing Returns (Going the Extra Mile): To grow rich, you must render more and better service than that for which you are currently paid. This creates a "debt" from the universe that must eventually be repaid with interest in the form of promotions, profits, and opportunities.
• Controlled Enthusiasm: Enthusiasm is the "steam" that powers the engine of success. Hill teaches how to harness this intense emotion and direct it toward your purpose rather than letting it dissipate in useless excitement.
• Self-Discipline (The Master Key): This is the ability to control your thoughts and emotions. Hill asserts that if you do not conquer yourself, you will be conquered by yourself. Mastering your "mental ego" is the prerequisite for mastering your financial destiny.