The Master Key to Riches Ch 4

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Questions and Answers

What is a common trait among leaders throughout history according to the text?

They have a definite major purpose. (correct)

They often change their major purpose.

They are easily swayed by defeat.

They avoid taking risks.

What does temporary defeat represent for those with a definite major purpose?

A reason to abandon their goals.

A final judgment of failure.

A potential blessing in disguise. (correct)

A distraction from their success.

What was Andrew Carnegie's first test for workers considered for promotion?

Their willingness to compromise.

Their ability to work under pressure.

Their willingness to go the extra mile. (correct)

Their experience in the industry.

How does the world typically react to those with a definite purpose?

It offers support in achieving their aims. Signup and view all the answers

What did Charles M. Schwab express regarding his determination to achieve a major goal?

He understood that with focus, nothing could stop him. Signup and view all the answers

What is identified as the starting point of all individual achievement?

The adoption of a definite purpose and plan Signup and view all the answers

How does the subconscious mind respond to a dominating idea or purpose?

It acts upon it when emotionalized with desire Signup and view all the answers

Which of these characteristics is NOT developed by having a definite purpose?

Procrastination Signup and view all the answers

What provides a success consciousness essential for enduring success?

Attaining singleness of purpose Signup and view all the answers

What major advantage is associated with definiteness of purpose?

Courage to seize opportunities Signup and view all the answers

What quality did Mr. Carnegie find most important in the young man he chose for his assignment?

Definiteness of purpose Signup and view all the answers

What was the young man's response when Mr. Carnegie offered him the opportunity to organize a philosophy of individual achievement?

Yes, I will undertake the job and finish it! Signup and view all the answers

What reason did Mr. Carnegie give for not providing financial support to the young man during his research?

He wanted to ensure the man had a willingness to serve before earning pay. Signup and view all the answers

According to Mr. Carnegie, what trait do successful men usually possess?

They often render more service than they are paid for. Signup and view all the answers

What was the final outcome of the young man's twenty years of work?

His work led to a published philosophy of individual achievement. Signup and view all the answers

What is the first step in acquiring a definite major purpose?

Make a clear statement of your major purpose. Signup and view all the answers

Why is it important to write your plans flexibly?

To allow for changes based on inspiration. Signup and view all the answers

What does the principle state regarding the price of achievement?

Every goal has a price that must be paid in advance. Signup and view all the answers

What is emphasized as a necessary component for idea generation?

Definiteness of purpose. Signup and view all the answers

How should you treat your major purpose and plans according to the procedure?

Keep them strictly to yourself. Signup and view all the answers

What is highlighted as a vital aspect of the human experience with success?

A passionate desire for a definite goal. Signup and view all the answers

What does the phrase 'the Moving Finger writes' suggest?

Past actions cannot be changed. Signup and view all the answers

What was Walter Chrysler's first significant investment in the automobile industry?

An automobile Signup and view all the answers

Which mental approach did Walter Chrysler use to prepare himself for success?

Positive mental attitude Signup and view all the answers

What does 'Definiteness of Purpose' help an individual to do?

Achieve significant goals Signup and view all the answers

Which of the following is one of the Twelve Riches that Walter Chrysler acquired?

Financial security Signup and view all the answers

How did Edward Bok approach his goals in life?

By creating specific aims Signup and view all the answers

What character trait is emphasized through the success of both Walter Chrysler and Edward Bok?

Determination Signup and view all the answers

What was Edward Bok's significant ambition regarding the Ladies’ Home Journal?

To make it the greatest magazine in its category Signup and view all the answers

How did Chrysler's unique approach to the automobile initially affect his friends and family?

They were confused and worried. Signup and view all the answers

Which of the following best describes Walter Chrysler's beginnings in business?

He started with limited education and resources. Signup and view all the answers

What is the purpose of self-suggestion in the context of the mind?

To connect the conscious mind with the subconscious mind. Signup and view all the answers

What role does faith play in the process of transferring thoughts to the subconscious?

It enhances the speed and definiteness of the thought transfer. Signup and view all the answers

What is indicated as a necessary mental state for the successful accomplishment of any significant goal?

Definiteness of Purpose. Signup and view all the answers

According to the content, how should one approach 'hunches' received from the subconscious?

Examine them carefully for their potential value. Signup and view all the answers

What can be inferred about the relationship between consciousness and Infinite Intelligence?

Successful ideas gain clarity through Infinite Intelligence when submitted with faith. Signup and view all the answers

Which factor negatively impacts the effective use of self-suggestion?

Self-imposed limitations. Signup and view all the answers

What is the significance of having a 'definite purpose' according to the content?

It allows for the transformation of failures into successes. Signup and view all the answers

How can meditation influence one's desires based on the document's context?

It can sometimes lead to unwanted results. Signup and view all the answers

What is a common characteristic of successful individuals as described in the content?

They adopt a habit of thinking in terms of success. Signup and view all the answers

Study Notes

Definiteness of Purpose

Key Leaders Possess It: Great leaders across all fields and eras share a common thread: a well-defined major purpose.
Failures Lack Definiteness: Conversely, those considered failures generally lack this focus, drifting aimlessly and re-starting without significant progress.
Failure's Connection to Abandonment: Some leaders start with a clear purpose but abandon it when met with temporary challenges or opposition.
A Philosophy of Success Exists: Success, the author claims, adheres to specific principles—similar to mathematical laws—and temporary setbacks can be reframed as tests rather than final impediments.
Tragedy of Lack of Purpose: The vast majority of people, 98 out of 100, live without a discernible major purpose.
Carnegie's Tests for Success: Carnegie, recognizing this, developed tests for potential leaders:
- Going the Extra Mile: Carnegie assessed their willingness to invest beyond what's required.
- Definite Goal and Preparation: He evaluated their commitment to a defined objective and pre-planning.

Carnegie's Search for a Success Philosopher

Carnegie's Motivation: Carnegie, successful in steel, sought to inspire and share the essence of his accumulated achievement and success methods. His riches weren't solely monetary but also in the knowledge and human-relation insights gained in business.
Carnegie's Test and the Chosen One: He orchestrated a test to identify the right person with the skills and drive to guide his purpose into application
- Interviewing and Evaluating**: His meticulous approach involved screening over 250 men.
- The Plan: He outlined the vision and required skills of the future philosopher, providing the plan’s details.
- The Crucial Question**: He inquired about the candidate’s willingness to organize and complete a “philosophy of individual achievement” and the desire and investment of twenty years.
Time and Decisiveness: Carnegie prioritized swift decision-making as a critical quality. Candidates must deliver a response within sixty seconds.
- Importance of Speed of Decision. Carnegie understood that promptly answering a crucial decision points to consistent responsiveness and decisiveness.
- The Follow-Up Question: Another critical quality was the commitment to dedicated service, a commitment that extended beyond immediate monetary reward.
Compensation and Service: Carnegie prioritized service and demonstrated this importance by deferring financial compensation. The applicant’s answer to Carnegie’s follow-up question highlighted that the philosophy will be the real compensation,
- Benefits of Service: Carnegie stressed that lasting success often comes from exceeding expectations and providing more service than required. He connected voluntary work to richer benefits than material compensation in the future.

Core Principles of Definiteness of Purpose

Establishing a Definite Purpose: The author states that a definite purpose and plan are fundamental to individual achievements.
Motives Guiding Actions: Achievement originates from various motives, with nine primary ones influencing actions.
Subconscious Mind and Dominating Ideas: Repetition of thought and desire are pivotal in molding subconscious behaviors towards achievement.
Faith and Subconscious Control: Faith connects a person’s conscious mind to Infinite Intelligence, driving actions through the subconscious.
Power of Thought: A person can control their thoughts, which consequently shapes outcomes related to their endeavors.
Subconscious as a Gateway: The subconscious is receptive and acts in concert with faith.
Wisdom and Action: Definite purpose, supported by faith, creates wisdom, leading to positive achievements.

Advantages of Definiteness of Purpose

Developing Essential Attributes: Definiteness of purpose fosters elements like self-reliance, initiative, imagination, and self-discipline.
Time Management and Planning:: It guides individuals to budget time and plan activities to align with their major purpose.
Opportunity Recognition: It enhances awareness of opportunities and promotes courage to act.
Cultivation of Cooperation: It leads to improved ability to win cooperation from others.
Overcoming Fear and Doubt: It instills confidence, fostering a success mindset and freeing the mind from doubts and indecision.
Destroying Procrastination: It combats the unproductive habit of procrastination.
Positive Mental Attitude: This principle enables one to build and maintain a positive mental attitude.

Examples of Definiteness of Purpose in Success

American Industrialists: Specific industrialists like Ford, Edison, Carnegie, Woolworth, Armour, Hill, Bell, Field, and Curtis focused on definite aims.
Public Figures: Carnegie highlighted Founding Fathers like Washington and Lincoln committed to specific purposes (freedom).

How to Develop Definite Major Purpose

(a) Statement of Purpose: Write, sign, and memorize a clear statement of your life’s major purpose, and repeat daily.
(b) Attainable Plan: Develop a plan, recognizing the time commitment and what you’ll contribute in return for your aim.
(c) Flexibility: Design this plan to accommodate needed changes, as inspiration will emerge from Infinite Intelligence.
(d) Privacy: Maintain personal purpose and plan privacy, but do take additional guidance when needed. Avoid sharing more than you’re required to.

Ideas as Beginnings

Ideas arise from definite purpose, powering achievements.
Ideas are the root of fortunes and inventions. Their influence extends to communication and technological advancements.

Self-Suggestion and Subconscious Impact

Thoughts influence the subconscious. Intense emotions like faith and enthusiasm accelerate the transfer.
Thoughts backed by faith and intensity are prioritized. The seemingly miraculous phenomena arise from this process.
Infinite Intelligence helps resolve matters with clearly defined purpose, faith, and desire, but it cannot alter or complete tasks for those who don't establish a goal.
Hunches signal insights from the subconscious. Their insights may appear hours, days, or weeks later. Their content frequently reveals value.

Definiteness of Purpose and Success Paths

The circumstances of a person's life are created by their attitude and thought.
Successful individuals often persevere through challenges while acknowledging their ability to manipulate outcomes.
Definiteness of Purpose, despite outside pressures, enables individuals to triumph over obstacles through the acknowledgement of potential within themselves.

Acquiring Definiteness of Purpose

Definiteness of Purpose is seen in individual achievements in many areas.
The examples show that success often originates from practical ideas grounded in definite goals.

Acquiring Resources and Insights

The approach shows that gaining knowledge and exchanging ideas contribute to individual’s success in many fields.
The approach emphasizes finding your calling and working towards achieving it.
The author demonstrates that obtaining inspiration from other sources is crucial for achieving leadership potential.

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Description

Explore the importance of having a well-defined purpose as a key trait of great leaders. Discover how failures often lack this focus, drifting aimlessly without clear direction. Dive into Carnegie's philosophy of success and the tests designed to identify potential leaders.