Think and Grow Rich | Day 4

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The MasterMind Alliance Principle

Welcome back to Imagine Money, a short daily lesson to help us all think better so we can live better. This week we're reading the book Think and Grow Rich by Napoleon Hill.  

Last time we discussed the concept of Faith. Today, we are looking at the Power of the Mastermind Alliance.

Hill defines the MasterMind alliance as: "Coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose... No two minds ever come together without, thereby, creating a third, invisible, intangible force which may be likened to a third mind." 

Hill was personally introduced to the Master Mind principle through Andrew Carnegie, who came to the U.S. with nothing and became the richest man. Carnegie's MasterMind group had 50 individuals, which he surrounded himself with, for the definite purpose of manufacturing, marketing, and selling steel. He credits his entire fortune to this Mastermind group.

How does power relate to success and wealth? It is the ability to act or produce an effect, and it is necessary for the attainment and retention of wealth. You can apply power through the 'MasterMind Alliance.'

It seems that surrounding yourself with talented people who share your vision is exponentially more powerful than just one.

The power discussed in this lesson refers to an organized effort by two or more people to work towards goals in the spirit of cooperation.

According to Hill, power can increase through 'organized knowledge' from these three sources: Infinite Intelligence, accumulated experience, and experiment and research. 

Yes, you can do it alone, but you might give up on your goal when the going gets tough. Power comes by surrounding yourself with like-minded people who plan, organize and support the effort to bring a desire to fruition. 

Think of a MasterMind group as a place where you can receive feedback on your plan and action, brainstorm ideas, get specific knowledge, sharpen your abilities, receive support and be accountable for your efforts.

It will keep you focused on your purpose, bring improvements in your work and finances, and move you towards your goal in the spirit of mutual support.

The billionaire Warren Buffett says, "It's better to hang out with people better than you. Pick out associates whose behavior is better than yours, and you'll drift in that direction." 

How can you apply this concept today? Think of a person in your life who will be a good fit for your mastermind group. Send an email or text and see if this person can get together to support visions and goals for the future. 

We all need friendly contact with like-minded people for expansion and growth. This group will bring power, creativity, and support that you cannot have when you go at it alone. It helps create a place to nurture ideas for prosperity and the realization of your goals.

That's all for today. Until next time, keep imagining what's possible.

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Think and Grow Rich | Day 5

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Think and Grow Rich | Day 3