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?

<p>Lack of a definite goal. (B)</p> Signup and view all the answers

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

<p>By increasing the intensity of one’s desire. (B)</p> Signup and view all the answers

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

<p>Persistence (A)</p> Signup and view all the answers

Which method is suggested to help improve persistence?

<p>Surrounding oneself with a Master Mind Group (D)</p> Signup and view all the answers

What misconception about poverty consciousness is addressed?

<p>It develops without conscious effort. (B)</p> Signup and view all the answers

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

<p>They are likely to achieve success eventually. (A)</p> Signup and view all the answers

What role does the subconscious mind play in achieving desires?

<p>It works continuously, whether awake or asleep. (C)</p> Signup and view all the answers

What is identified as the starting point for achieving persistence?

<p>Definiteness of purpose (B)</p> Signup and view all the answers

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

<p>A mind open to all influences (D)</p> Signup and view all the answers

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

<p>Desire for love (D)</p> Signup and view all the answers

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

<p>Having a definite plan and persistent action (C)</p> Signup and view all the answers

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

<p>Undefined goals (C)</p> Signup and view all the answers

What is the relationship between persistence and success as described?

<p>Success often requires persistence to be achieved. (C)</p> Signup and view all the answers

Which of the following factors contributes to developing persistence?

<p>Definiteness of purpose. (B)</p> Signup and view all the answers

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

<p>The necessity of persistence in overcoming rejection. (A)</p> Signup and view all the answers

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

<p>Persistence is predominantly a talent rather than a skill. (B)</p> Signup and view all the answers

What symptom might indicate a lack of persistence?

<p>Giving up after a series of challenges. (A)</p> Signup and view all the answers

Which factor is NOT mentioned as contributing to persistence?

<p>Fear of failure. (B)</p> Signup and view all the answers

How does habit relate to persistence?

<p>Habits can reinforce persistent behavior. (A)</p> Signup and view all the answers

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

<p>Low likelihood of personal growth (A)</p> Signup and view all the answers

Which weakness primarily involves the inability to make decisions effectively?

<p>Indecision (B)</p> Signup and view all the answers

How does the fear of criticism affect individuals' ambitions?

<p>It causes them to abandon personal goals (B)</p> Signup and view all the answers

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

<p>Neglecting the choice of motivations (A)</p> Signup and view all the answers

Why do many individuals fail to act on opportunities?

<p>They often wish instead of will (C)</p> Signup and view all the answers

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

<p>Indifference (B)</p> Signup and view all the answers

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

<p>Fear of criticism (A)</p> Signup and view all the answers

What is often a result of individuals blaming external circumstances?

<p>Reduced self-esteem (D)</p> Signup and view all the answers

What underlying factor do most individuals overlook when pursuing success?

<p>Knowledge and skills (D)</p> Signup and view all the answers

What action can help breathe life into a new idea?

<p>Immediate planning and execution (A)</p> Signup and view all the answers

Flashcards

Persistence

Continued effort despite obstacles; the ability to keep trying to achieve a goal.

Power of Will

The mental strength to follow through on one's goals, even when facing challenges.

Persistence and Desire

Combining sustained effort with strong motivation is key for reaching objectives.

Failure & Persistence

Lack of persistence is a common cause of failure, often stemming from weak resolve.

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Intensity of Desire

Strong motivation is essential for overcoming the weakness of lack of persistence.

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Money Consciousness

A state of mind focused on attracting and accumulating wealth.

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Master Mind Group

A group of people who work together to support and encourage each other's goals.

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Habit Nature

Your ingrained tendencies and behaviors.

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Results Require Habit

Consistent, habitual application of methods (rules) is essential for attaining desired outcomes.

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Definite Purpose

Having a clear, specific goal you're passionate about achieving.

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Burning Desire

An intense, unwavering passion for your goal that fuels your actions.

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Definite Plan

A detailed, actionable roadmap with specific steps to reach your goal.

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Closed Mind to Negativity

Ignoring doubts, criticism, and discouraging influences that can hinder your progress.

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Supportive Alliance

Surrounding yourself with positive, encouraging individuals who boost your motivation.

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Conquering Broadway

The metaphor used to describe achieving success in any field, implying it requires persistence and overcoming challenges.

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Fannie Hurst's Success

Example of someone who achieved success in writing after overcoming numerous rejections, showcasing the power of persistence.

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Kate Smith's Approach

Example of someone who persistently sang without pay until Broadway recognized her talent, demonstrating the value of perseverance.

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Thousands of Singers

Illustrates that talent alone is insufficient for success. Persistence is essential for distinguishing oneself from others.

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Eight Factors of Persistence

Key elements that promote persistence, including clear goals, strong desire, self-reliance, and strategic plans.

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16 Symptoms of Lack of Persistence

Behaviors and mindsets that hinder persistence, including fear, procrastination, and lack of clear goals.

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Self-Reliance and Persistence

Belief in one's ability to achieve goals encourages persistence. This belief comes from self-confidence.

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Fear of Criticism

This weakness stems from the fear of what others may think or say, hindering the creation and implementation of plans.

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The Habit of Blaming Others

This weakness arises from the tendency to shift responsibility for mistakes onto others, avoiding personal accountability.

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Indecision

This weakness manifests as a constant reluctance to make firm decisions, often relying on excuses or passing the responsibility to others.

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Lack of Interest in Knowledge

This weakness involves neglecting the pursuit of specialized knowledge, hindering personal and professional growth.

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Procrastination

This weakness involves delaying tasks and responsibilities, often accompanied by excuses or justifications.

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Weakness of Desire

This weakness arises from a lack of clear and compelling motives, hindering the drive to pursue goals effectively.

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The Habit of Compromising with Poverty

This weakness is marked by settling for a less than desirable financial situation, instead of aiming for wealth and financial freedom.

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Wishing Instead of Willing

This weakness involves merely desiring things without taking concrete actions to achieve them, leading to passive wishful thinking.

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Lack of Organized Plans

This weakness hinders success due to the absence of well-structured plans that outline actions and strategies.

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Neglecting Opportunity

This weakness involves failing to seize opportunities that arise, hindering progress and growth.

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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.

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