The story of Charles Schwab and U.S. Steel is included here for one illustrative purpose: to illustrate how and where wealth creation begins. The beginning is a humble one that often surprises the reader when he or she first reads this book; but once you know it, it makes perfect sense, of the variety that makes you scratch your head wondering why you’ve never realized this before.
Idea + Faith
In other words, Charles M. Schwab’s idea, plus the faith with which he conveyed it to the minds of J. P. Morgan and the others, was marketed for a profit of approximately $600,000,000.
Not an insignificant sum for a single idea!
What happened to some of the men who took their share of the millions of dollars of profit made by this transaction is a matter we do not need to be concerned with now. The important part of this astounding achievement is that it serves as unquestionable evidence of the soundness of the philosophy described in this book, because this philosophy was the basis of the entire transaction. Moreover, the practicability of the philosophy has been established by the fact that the United States Steel Corporation prospered, and became one of the richest and most powerful corporations in America, employing thousands of people, developing new uses for steel, and opening new markets; thus proving that the $600,000,000 in profit which the Schwab idea produced was earned.
Wealth Creation Begins In Thought
Wealth creation begins in the form of thought!
Remember this when you are ready to bargain with Life for whatever it is that you ask as your price for having passed this way.
Remember, also, that the man who created the United States Steel Corporation was practically unknown at the time. He was merely Andrew Carnegie’s “Man Friday” until he gave birth to his famous idea. After that he quickly rose to a position of power, fame, and riches.
There are no limitations to the mind except those we acknowledge.
Both Poverty and wealth are the offspring of thought.
Poverty Or Wealth?
Given this information, this is what the question now becomes for you—because you know that you are a thinking person, and with thought being the sole basis for wealth creation and success, obviously you are capable of attaining it. You only need to make a conscious decision to learn to guide your thoughts and ideas with the right mix of faith and determination. It’s an exciting world of possibilities that means great things for your future. So what are you thinking now?
This concludes chapter three of Napoleon Hill’s book. In the next Mindset Mastery post we’ll pick up at chapter four, where Hill begins to explore the concept of auto-suggestion in real depth. I’ll see you back here for more exciting possibilities!
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