Mindset Mastery 97 – Where Wealth Creation Begins

Mindset Mastery eBookThe 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!

The amount of attainable wealth is limited only by the person whose mind puts the thought into motion. Faith removes limitations!

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!

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. Gary Birch says:

    Thanks Sean. I’m finding your commentary on Napoleon Hill’s great classic very rewarding.

  2. Jazz Salinger says:

    Hi Sean,

    I am really grateful to you for writing the Mindset Mastery series. I am learning so many things that will help me on my journey to success.

    First and foremost I have learned exactly how powerful my thoughts are and how important it is for me to be able to take control of my thoughts. Once I have thought of an idea with which to create success, I need to believe wholeheartedly that success will come. Next I need to combine a solid plan with perseverance, persistence and a burning desire to turn my dream into a reality.

    All my future success comes down to how much effort I am prepared to put into mastering the principles of success. 🙂

  3. Everything begins with a thought, if we accept it or not. It’s even a bit scary how much power our thoughts have.
    But from here on now – the world is my oyster. What I want I will get, as long as I do what is required. I choose wealth. And I have faith that I will succeed!
    .-= Renee´s last blog ..Motivational Music =-.

    • Hi Renee,

      Yes, it’s really scary how much power our thoughts have in shaping our destiny. As Sean says, ‘both poverty and wealth are the offspring of thought.’

      It really highlights how important it is to control our thoughts. I need to learn to control my thoughts on a conscious level but I also need to flood my subconscious mind with visions, imagery and the emotion of success. I have faith that we will both succeed.
      .-= Jazz Salinger´s last blog ..Finding Your Passion =-.

  4. What am I thinking now? At any point in time, I could write an essay in response to that… I’m thinking about how excited I am about the possibilities. And how I’m so happy and grateful for everything in my life right now. A bit soppy, but hey, you asked!
    .-= Lina Nguyen´s last blog ..Richard Branson Business School: A day visit =-.

  5. I’m thinking about making money – the $1000 you’re granting and the $2181.93 I put into action this morning.

    I’m also thinking about how much work has gone into your site and all of your posts and thank you for doing this and connecting all us like minded people and getting us to take action.
    .-= Sarah Butland´s last blog ..You Are the Reason I Know It Will Happen =-.

Speak Your Mind