Think and Grow Rich Ch 1

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Questions and Answers

What quality is essential for achieving success in a changed world?

Definiteness of purpose (correct)

Patience in plans

Physical strength

Interpersonal skills

Which historical figure is mentioned as a significant dreamer who influenced civilization?

William Shakespeare

Alexander the Great

Albert Einstein

Thomas Edison (correct)

What mindset is essential for success according to the content?

A willingness to take risks without a plan

A focus on immediate rewards

A constant avoidance of failure

A burning desire to win (correct)

What must one do to accumulate riches according to the content?

Work up a strong desire for money Signup and view all the answers

Which of the following represents a practical action to convert desire into financial equivalent?

Fixing the exact amount of money desired Signup and view all the answers

What is the role of practical dreamers in civilization?

To put their dreams into action Signup and view all the answers

What is indicated as a negative influence on personal and economic growth?

Fear Signup and view all the answers

What did Edwin C. Barnes declare about his future with Thomas Edison?

He intended to be Edison's business associate Signup and view all the answers

What did the warrior do to ensure his armies' success against a larger foe?

Burned his ships to eliminate retreat options Signup and view all the answers

How does one transform dreams into reality, as demonstrated by Henry Ford?

By using existing resources and tools Signup and view all the answers

What was Marshal Field's declaration after the Chicago Fire?

He would build the world's greatest store on the same spot Signup and view all the answers

Which statement reflects a key idea about failure presented in the content?

Every failure brings the seed of success Signup and view all the answers

What does the phrase 'success requires no apologies' suggest?

Achievements are self-justifying Signup and view all the answers

What is a misconception about desiring wealth mentioned in the content?

Wishing for money is enough to achieve it Signup and view all the answers

What did Edwin C. Barnes consider his desire to be when he first approached Thomas Edison?

A keen, pulsating desire Signup and view all the answers

During his journey to achieve his goal, how did Barnes perceive his position while working for Edison?

He considered himself the future partner of Edison Signup and view all the answers

What was the duration of time it took for Barnes to find the opportunity he sought with Edison?

Five years Signup and view all the answers

What attitude did Barnes exhibit towards the work he began with at Edison’s company?

He was content to start with menial work Signup and view all the answers

Which statement best reflects Barnes' approach towards his goal?

He burned all bridges behind him Signup and view all the answers

What is said to be the starting point for a dreamer to take off?

A burning desire to be and to do Signup and view all the answers

Which individual is noted for discovering his talent through misfortune while in prison?

O. Henry Signup and view all the answers

What sentiment does the passage convey about the world's attitude towards dreamers today compared to the past?

The world is now more accepting of new discoveries. Signup and view all the answers

Which factor is associated with success according to the passage?

Enduring hardships and setbacks Signup and view all the answers

According to the passage, what does the experience of individuals like Beethoven and Milton illustrate?

Physical limitations don't define one's potential. Signup and view all the answers

What is indicated as a significant aspect of achieving beliefs necessary for success?

Belief rather than mere wishing Signup and view all the answers

What common theme is expressed through the examples of figures like John Bunyan and Robert Burns?

Creative expression often follows personal suffering. Signup and view all the answers

What is suggested as a critical learning outcome from experiencing setbacks?

Understanding one's true potential Signup and view all the answers

In what way does economic uncertainty impact individuals according to the passage?

It presents new opportunities for dreamers. Signup and view all the answers

Which of the following best captures the essence of transmutation as mentioned in the passage?

Turning negative experiences into success Signup and view all the answers

What is indicated as a key factor in achieving abundance and prosperity?

Setting high aspirations Signup and view all the answers

What was the father's initial reaction to the doctor's opinion about his newborn son?

He challenged the doctor's opinion. Signup and view all the answers

What does the poem 'My Wage' suggest about the relationship between effort and the results received from life?

Life provides exactly what one asks for. Signup and view all the answers

What method did the father discover to communicate with his son?

Touching the child’s body to convey sound. Signup and view all the answers

What did the father repeatedly emphasize through bedtime stories?

His son's affliction could be turned into an advantage. Signup and view all the answers

What principle did the father believe would assist him in helping his son overcome his challenges?

Desire backed by faith Signup and view all the answers

Which principle did the father highlight when he stated, 'Our only limitations are those we set up in our own minds'?

Self-imposed beliefs greatly influence our realities. Signup and view all the answers

How did the child first show signs of his hearing ability?

By showing enjoyment of music from a Victrola. Signup and view all the answers

What concept does the text illustrate with the phrase 'Every adversity brings with it the seed of an equivalent advantage'?

Challenges can create opportunities for growth. Signup and view all the answers

What did the father believe was necessary to help his son develop hearing and speech?

Maintain a belief in his son's potential. Signup and view all the answers

What trait did the little deaf boy demonstrate through his first business venture?

Resourcefulness and initiative Signup and view all the answers

What did the boy's mother initially feel about his attempt to sell newspapers?

Fear of his safety due to deafness Signup and view all the answers

What significant event occurred towards the end of the boy's college life?

He found a functional hearing aid that changed his life. Signup and view all the answers

What motivation drove the boy to reach out to the hearing aid manufacturer?

An intent to help other deaf individuals through sharing his experience Signup and view all the answers

How did the boy’s experience challenge the perception of disabilities?

It illustrated that with determination, disabilities can become strengths. Signup and view all the answers

Study Notes

The Power of Desire

Desire is the starting point of all achievement, the first step to riches.
Edwin C. Barnes's burning desire to be Edison's business partner led to success.
Barnes's desire was definite, transcending hope or wish.
He prioritized his goal and worked tirelessly despite initial setbacks.
Five years passed before Barnes's opportunity arose.
He maintained his desire as a dominating obsession, refusing to consider alternatives.
Barnes's approach emphasized commitment and refusing retreat.
Burning all bridges behind him is vital for unwavering desire.

The Role of Definiteness

Definiteness of purpose and a burning desire are crucial for success.
Defining a specific goal, especially a financial one, is essential.
Desire is strengthened by a clear plan and persistent action.
The six steps to achieving a financial goal are crucial to convert desire into reality.
Importance of definiteness with desire for a set amount and date of acquisition

Steps to Transforming Desire into Reality

Six steps for transmuting desire into financial reality:
- Determine the exact amount of money desired.
- Identify the required return or value exchange.
- Establish a definite timeline for attainment.
- Develop and initiate a plan immediately.
- Document the desired amount, time, exchange, and plan.
- Consistently visualize and affirm ownership of the desired amount daily.

Nature and Desire

Strong desire often outwits limitations imposed by nature.
The author's son, Blair, had a condition that prevented normal hearing.
The author believed in his son's ability to overcome the condition and a burning desire to hear.
Desire, backed by faith, influenced nature to correct its presumed "error".

The Power of Dreams

Dreams are essential to achievement; "dreams are the seedlings of realities".
Practical dreamers and the process of transmuting dreams to realities is discussed.
Famous individuals’ (Columbus, Copernicus, Henry Ford, Thomas Edison) success was preceded by dreaming and persistent action
The author experienced successful outcomes influenced by this principle.

Case Studies and Examples

Historical and contemporary figures illustrate the power of desire and belief.
Individuals such as Booker T. Washington, Helen Keller, Robert Burns, and others highlight overcoming adversity to achieve greatness.
Various instances of successful individuals are displayed and used to illustrate the principles of burning desire.
The article highlights the importance of perseverance and imagination despite setbacks

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Description

Explore the transformative role of desire and definiteness in achieving success. Learn how Edwin C. Barnes's unwavering commitment to his goals illustrates the importance of a burning desire coupled with a clear purpose. This quiz will help you understand the six steps necessary to convert ambition into accomplishment.