Mindset Mastery 96 – Schwab’s Reward

Charles Schwab did ultimately see his reward, humble as its beginnings may have been (remember—it was just an idea outspoken that resulted in this unparalleled success!).

Cause And Effect

“There was an uproar, of course. A British correspondent cabled that the foreign steel world was ‘appalled’ by the gigantic combination. President Hadley, of Yale, declared that unless trusts were regulated the country might expect ‘an emperor in Washington within the next twenty-five years.’ But that able stock manipulator, Keene, went at his work of shoving the new stock at the public so vigorously that all the excess water—estimated by some at nearly $600,000,000—was absorbed in a twinkling. So Carnegie had his millions, and the Morgan syndicate had $62,000,000 for all its ‘trouble,’ and all the ‘boys,’ from Gates to Gary, had their millions.


“The thirty-eight-year-old Schwab had his reward. He was made president of the new corporation and remained in control until 1930.”

Story Morals

The dramatic story of “Big Business” you have just read was included in this book because it is a perfect illustration of the method by which desire can be transmuted into its physical equivalent!

Presumably, some readers will question the statement that a mere, intangible desire can be converted into its physical equivalent. Doubtless some will say, “You cannot convert nothing into something!” The proof is in the story of United States Steel.

The Minds Of Great Men And Women

That giant organization was created in the mind of one man. The plan the organization undertook to acquire the steel mills that gave it financial stability was created in the mind of the same man. His faith, his desire, his imagination, his persistence were the real ingredients that went into United States Steel. The steel mills and mechanical equipment acquired by the corporation, after it had been brought into legal existence, were incidental, but careful analysis will show that the appraised value of the properties acquired by the corporation increased in value by an estimated six hundred million dollars, just from the completion of the transaction that consolidated them under one management.

Recipe For Success

The real recipe for Schwab’s, and likewise United States Steel’s, success is these four simple points:

  • Faith
  • Desire
  • Persistence
  • Imagination

It’s a simple recipe, but the only one at the heart of any success. The beauty of it all is that this simple recipe can be just as easily concocted by you or by me, or by any other person who can nurture these four points of personal success. What will your recipe create?

Sean Rasmussen
Success Communicator
SeanRasmussen.com © 2004 – 2009

About Sean Rasmussen

Sean Rasmussen is a passionate blogger and has been a full time internet marketer since 2005. When he's not with his family, or dog Buddy, Sean is usually blogging or doing something related to the internet.


  1. My Website is not published yet as I had already written a Blog on the Article I was going to include in the website and as it is a continuing story I am leaving it unpublished until John and I start our trip to USA in August through September. The instructions were it had to be fresh content for the website not published anywhere else and I had published it to a blog.
    What I would like is to download a copy of Mindset Mastery and Year of the Affiliate that you promised us at the last
    seminar in Brisbane with Shaun – Smart Online Profit Systems.
    Is this possible?

    Tks Maureen. XX

  2. Hi Maureen

    Please contact my office on 08 9791 6600 and speak to Mick. He will help you with the books.

    Regards – Sean

  3. Jazz Salinger says:

    Hi Sean,

    You’re right. The recipe for success is a simple one. It’s the execution that most of us struggle with. Faith, desire, persistence and imagination seem easy to put into practice. Yet, despite the simplicity of it, I’ve had difficulty turning my goals into a fully fledged success.

    As I’ve said before, faith has been the one element I wasn’t able to fully master. I now have faith conquered so my recipe for success will create any thing I desire.

  4. Hi Sean,
    most good things are very “simple” when it comes to the ingredients. The craftsman (or women) ship makes all the difference. And as any good craft I think also “Dream fulfilling” needs practice.

    As most of us didn’t grow up with this simple yet profound knowledge and most of us have heard more often than not about what we can’t do, I guess we have a lack of practice 🙂

    I know that I am on the right track now – and I am practicing hard to obtain mastery in this wonderful craft!
    .-= Renee´s last blog ..Motivational Music =-.

  5. I’m not religious person but when I need a lesson in faith, I turn to my friends who have such strong faith in their religion. I know that my mother could not have escaped her war-torn country with an infant child without faith. It’s about a belief, and knowing, when there’s no evidence to prove it. Just knowing.
    .-= Lina Nguyen´s last blog ..Richard Branson Business School: A day visit =-.

  6. Like any delicious recipe, success takes few ingredients and a chef to put it all together in preparation of enjoying it. A lot of people have the goods, they are easy to pick up at your nearby grocery store, a recipe and the dish to make it in but most can’t find the patience to wait for it to come together and fail to put it together in the first place.
    .-= Sarah Butland´s last blog ..You Are the Reason I Know It Will Happen =-.

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