Think and Grow Rich Ch 8

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Questions and Answers

What role does willpower play in achieving objectives according to the concept of persistence?

It can replace the need for persistence.

Willpower alone is sufficient for success.

It is irrelevant to achieving objectives.

It must be combined with persistence to be effective. (correct)

What characteristic is commonly misunderstood in individuals like Henry Ford?

Their ability to form long-lasting relationships.

Their lack of interest in wealth accumulation.

Their persistence in following through with plans. (correct)

Their willingness to help others.

Which of the following statements about persistence and desire is true?

Persistence does not relate to the intensity of one’s desire.

Persistence is predominantly a natural trait.

Weak desires yield significant results.

A strong desire is essential for persistent efforts. (correct)

According to the content, what is a major cause of failure in individuals?

Lack of a definite goal. Signup and view all the answers

How can the weakness of a lack of persistence be overcome?

By increasing the intensity of one’s desire. Signup and view all the answers

What is the primary quality emphasized as essential for accumulating a fortune?

Persistence Signup and view all the answers

Which method is suggested to help improve persistence?

Surrounding oneself with a Master Mind Group Signup and view all the answers

What misconception about poverty consciousness is addressed?

It develops without conscious effort. Signup and view all the answers

What can be inferred about those who face repeated failures but continue to try?

They are likely to achieve success eventually. Signup and view all the answers

What role does the subconscious mind play in achieving desires?

It works continuously, whether awake or asleep. Signup and view all the answers

What is identified as the starting point for achieving persistence?

Definiteness of purpose Signup and view all the answers

Which of the following is NOT one of the four steps needed to develop persistence?

A mind open to all influences Signup and view all the answers

What was the primary desire that motivated King Edward's decision to give up the crown?

Desire for love Signup and view all the answers

According to the content, how does one achieve success in life?

Having a definite plan and persistent action Signup and view all the answers

What crucial aspect often prevents people from achieving their desires as mentioned in the content?

Undefined goals Signup and view all the answers

What is the relationship between persistence and success as described?

Success often requires persistence to be achieved. Signup and view all the answers

Which of the following factors contributes to developing persistence?

Definiteness of purpose. Signup and view all the answers

What was Fannie Hurst's experience in publishing indicative of?

The necessity of persistence in overcoming rejection. Signup and view all the answers

Which of the following statements reflects a common misconception about persistence?

Persistence is predominantly a talent rather than a skill. Signup and view all the answers

What symptom might indicate a lack of persistence?

Giving up after a series of challenges. Signup and view all the answers

Which factor is NOT mentioned as contributing to persistence?

Fear of failure. Signup and view all the answers

How does habit relate to persistence?

Habits can reinforce persistent behavior. Signup and view all the answers

What is a common consequence of self-satisfaction in the pursuit of riches?

Low likelihood of personal growth Signup and view all the answers

Which weakness primarily involves the inability to make decisions effectively?

Indecision Signup and view all the answers

How does the fear of criticism affect individuals' ambitions?

It causes them to abandon personal goals Signup and view all the answers

What is one symptom of the weakness of desire related to achieving wealth?

Neglecting the choice of motivations Signup and view all the answers

Why do many individuals fail to act on opportunities?

They often wish instead of will Signup and view all the answers

Which of the following weaknesses is characterized by a readiness to compromise?

Indifference Signup and view all the answers

What can lead to the destruction of most ideas before they are realized?

Fear of criticism Signup and view all the answers

What is often a result of individuals blaming external circumstances?

Reduced self-esteem Signup and view all the answers

What underlying factor do most individuals overlook when pursuing success?

Knowledge and skills Signup and view all the answers

What action can help breathe life into a new idea?

Immediate planning and execution Signup and view all the answers

Study Notes

Persistence: The Eighth Step to Riches

Persistence is crucial for transforming desire into wealth.
Willpower is the basis of persistence.
Successful individuals combine willpower and persistence with desire.
Most people give up easily; achievers persevere despite obstacles.
Persistence is essential for building a fortune, requiring application of all 13 principles.
Lack of persistence is a common cause of failure, but can be overcome.
Persistence is linked to the intensity of one's desire.
Strong desires yield strong results; weak desires yield weak results.
Indifference indicates lack of "money consciousness," which is crucial to wealth accumulation.
Attuning the mind to "thought vibrations" attracting wealth is important.

Developing Persistence

Persistence can be developed through a Master Mind group, autosuggestion, and subconscious mind techniques.
Consistent application of principles is essential for success.
Poverty attracts those whose minds favor poverty. Wealth attracts those whose minds are prepared for wealth.
Persistence is vital for conquering difficulties, like overcoming a nightmare.

Examples of Persistence

Henry Ford's persistence was misunderstood as ruthlessness.
Fannie Hurst's persistence in the face of rejections led to success in writing.
Kate Smith's persistence in singing despite early lack of success led to financial success.
Famous figures like Thomas Edison, and Henry Ford illustrate the impact of persistence.
Even facing adversity, great individuals often display extraordinary persistence.

Factors Contributing to Persistence

Defining one's purpose is the foundation of persistence.
Intense desire fuels persistent action.
Self-reliance bolsters the persistence of one's plan.
Organized plans encourage persistence, even weak ones.
Accurate knowledge of one's plan fosters persistence.
Cooperation with others supports persistence.
Willpower and concentrated mental focus on a goal foster persistence.
Persistent action builds the habit of persistence.

Symptoms of Lack of Persistence

Failure to define one's goals.
Procrastination (often with excuses).
Lack of interest in knowledge/skills.
Indecision/passing the buck.
Reliance on excuses rather than plans.
Self-satisfaction.
Indifference to opposition.
Blaming others.
Weak desire.
Quitting at the first sign of defeat.
Lack of organized plans.
Neglecting ideas/opportunities.
Wishing instead of willing.
Compromising with poverty instead of aiming for riches.
Lack of ambition.
Seeking shortcuts to wealth, like gambling or sharp deals.
Fear of criticism impeding action.

Persistence and Triumph

Some individuals demonstrate persistence through necessity.
Persistence, alongside self-made opportunities, leads to true success.
Persistence is crucial for finding life's greatest rewards.
The "Persistence Test" is crucial for achieving significant achievement.

Persistence in History

Mohammed's persistence and message despite ridicule and adversity led to a new world religion.
Figures like W.C. Fields, Marie Dressler, and Eddie Cantor demonstrate persistence and success, even late in life, in the face of significant setbacks.

Developing the Habit of Persistence

Four key steps to cultivate persistence: clear purpose, organized plan, mental resilience to negativity, and supportive alliances with others.
These four steps are fundamental to achieving success in all fields of life.
Examples from Wallis Simpson and King Edward illustrate finding purpose to fuel persistent effort.

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Description

Explore the concept of persistence as a fundamental principle for achieving wealth. This quiz delves into how willpower and strong desire are essential for overcoming obstacles and building a fortune. Learn strategies to develop persistence and the role it plays in financial success.