Think And Grow Rich – Chapter 10: Power of the Master Mind

Continuing my analysis of Think and Grow Rich.

This is for Chapter 10, Power of the Master Mind.

(Go here to start from the beginning.)

Quote and Analysis

“POWER IS REQUIRED FOR THE ACCUMULATION OF MONEY!

POWER IS NECESSARY FOR THE RETENTION OF MONEY AFTER IT HAS BEEN ACCUMULATED!”

This comes after the next quote, but I wanted to quote it first to establish why we would want “POWER”.

Also, note this says power is required, not just helpful, but required.

And further note that even after you get the money you want, you have to keep your Master Mind group to retain the money.

Quote and Analysis

“Power, as the term is here used, refers to ORGANIZED effort, sufficient to enable an individual to transmute DESIRE into its monetary equivalent. ORGANIZED effort is produced through the coordination of effort of two or more people, who work toward a DEFINITE end, in a spirit of harmony.”

Note the key terms here: organized, definite, and harmony. If you’re missing any of those, it’s not a Master Mind group, and you won’t get the Power.

Organized means you are coordinating your efforts and communicating with one or more other people.

Definite means you all know exactly what you’re aiming for. The details are clear to all.

Harmony means you appreciate, support, and generally feel positive and open toward the other people in your Master Mind group. Love and brotherhood would not be too much to say here.

Of all the terms here “Harmony” is no doubt the most difficult one to achieve and maintain. Ego tends to get in the way.

And note that according to the previous quote, if you lose any of these, “organize”, “definite”, or “HARMONY”, you will not be able to retain the money that you have accumulated up to that point.

So if what you have accumulated starts slipping away, do an inventory of these three terms, and see if you find yourself deficient in any of them.

Quote and Analysis

“Examination of the three major sources of knowledge will readily disclose the difficulty an individual would have, if he depended upon his efforts alone, in assembling knowledge and expressing it through definite plans in terms of ACTION.”

Here he’s noting a couple of practical reasons why we need the cooperation of others.

First it would be extremely difficult and time consuming to attain all of the knowledge we would need by ourselves.

And second it would be difficult to take all the action needed by one’s self.

Quote and Analysis

“If you carry out these instructions with PERSISTENCE and intelligence, and use discrimination in the selection of your “Master Mind” group, your objective will have been half-way reached, even before you begin to recognize it.”

This sentiment of the goal being half-way, or mostly reached, before you recognize it, comes up numerous times in the book. It’s the reason that Faith/Belief/Confidence is needed. So you persist in doing the things that are working, even if you can’t yet see they are working.

Quote and Analysis

“You may catch a significant suggestion from this statement: “No two minds ever come together without, thereby, creating a third, invisible, intangible force which may be likened to a third mind.””

In a previous quote I mentioned some “practical” benefits to a Master Mind. Here he’s talking about a benefit that is less obvious. He’s saying that cooperating with someone else gives you access to more than just that other person’s knowledge and ability. He’s saying it opens up a communication path to “Infinite Intelligence”. This is the source of “genius” and “inspired thoughts”. So cooperating with another person is actually worth more than just adding on that other person’s knowledge and abilities.

Quote and Analysis

“Mr. Carnegie’s Master Mind group consisted of a staff of approximately fifty men, with whom he surrounded himself, for the DEFINITE PURPOSE of manufacturing and marketing steel. He attributed his entire fortune to the POWER he accumulated through this “Master Mind.””

50 people. Just an example of the size of group we’re talking here. And these are all people who need to work in HARMONY. 50 people. In harmony. Elsewhere in the book Hill talks about how Carnegie wouldn’t keep a man on if he couldn’t get along with everyone, no matter how great that man’s skills were.

Quote and Analysis

“Men take on the nature and the habits and the POWER OF THOUGHT of those with whom they associate in a spirit of sympathy and harmony.”

And here’s another reason to craft your Master Mind group. The people around you are going to influence you. You can’t choose not to be influenced, but you can choose whom you are around and thus choose how you are influenced.

Look at how the people around you are, and you will see a reflection of how you are or will be. If you don’t like that picture, you can change it by changing the people you spend time with.

Quote and Analysis

“The other two major sources from which the knowledge, necessary for the accumulation of POWER, maybe obtained are no more reliable than the five senses of man. The senses are not always reliable. Infinite Intelligence DOES NOT ERR.”

You have access to the knowledge of man through libraries and the internet (which are the products of other people’s 5 senses), and you can see how the world works by using your 5 senses. The 5 senses can be tricked though. We see and hear things that aren’t there, for example. And so if we rely only on our 5 senses, then it is possible that we are working with false information.

But through cooperation in harmony with another person you gain access to this third source of knowledge, Infinite Intelligence. And this third source cannot be tricked. It is reliable. So if you want to make sure that you are working with accurate information, so that your plans are actually valid and match the reality of the situation, then you must form a Master Mind group with at least one other person to get access to this connection to Infinite Intelligence.

Quote and Analysis

“When money comes in quantities known as “the big money,” it flows to the one who accumulates it, as easily as water flows down hill.”

Just have to include this quote because of the term “the big money”. Notice the lack of effort implied here. It flows as easily as water down hill. It just happens. You create the hill. You stand at the bottom. And the money flows to you.

Quote and Analysis

“Every man who has accumulated a great fortune, has recognized the existence of this stream of life. It consists of one’s THINKING PROCESS. The positive emotions of thought form the side of the stream which carries one to fortune. The negative emotions form the side which carries one down to poverty. This carries a thought of stupendous importance to the person who is following this book with the object of accumulating a fortune.

If you are in the side of the stream of POWER which leads to poverty, this may serve as an oar, by which you may propel yourself over into the other side of the stream. It can serve you ONLY through application and use. Merely reading, and passing judgment on it, either one way or another, will in no way benefit you.”

Positive emotions (love, appreciation, faith/confidence/belief) bring fortune.

Negative emotions (hate, anger, envy, jealousy, doubt) bring poverty.

And he includes a warning. Even if you agree with this, it’s not enough. You have to actually put it into practice (“application and use”). You have to actively monitor your emotions. You have to actively counter the negative emotions when they come up. You have to practice seeing the “bright side” and feeling those good feelings.

Even when the circumstances of a situation would call for a normal person to be in a bad mood, you must maintain an exuberant mood. Remember, you have to be different than 98% of other people. You have to maintain your positive emotions even in the face of no evidence.

Quote and Analysis

“Poverty and riches often change places. The Crash taught the world this truth, although the world will not long remember the lesson. Poverty may, and generally does, voluntarily take the place of riches. When riches take the place of poverty, the change is usually brought about through well conceived and carefully executed PLANS. Poverty needs no plan. It needs no one to aid it, because it is bold and ruthless. Riches are shy and timid. They have to be “attracted.””

Here again is the concept of “poverty” or a negative mindset being the default. And only through an intentional effort can you turn your mind to the positive and start attracting the “riches” you want.

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