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How Andrew Carnegie Built his Fortune

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andrew carnegie

In 1908, Napoleon Hill’s life changed forever. Since the age of 15, he’d been working as a reporter. He started out writing for a group of newspapers in rural Virginia and then worked for a popular magazine that gave advice on attaining power and wealth. It was at that magazine that he got the assignment to interview the richest man in America: Andrew Carnegie.

This interview was the beginning of a years-long partnership between Hill and Carnegie. Carnegie introduced Hill to powerful, wealthy people, and Hill studied them to find out the principles that led to their success. These principles formed Hill’s book Think and Grow Rich, which is still a bestseller almost 70 years after its publication.

A Key to Carnegie’s Success

One particular principle from Think and Grow Rich is what I want to highlight here: the Master Mind group. Here’s how Hill defines it:

“Coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose.”

In other words: you need more than one person, coordination is essential, and a clear purpose must be defined (that rules out wishy-washy, woo-woo stuff, which almost never has a defined purpose).

Though Carnegie discussed this with Hill in the 19th century, the Master Mind has been around for a much longer time. Here are just a few examples:

  • Many religions encourage people to come together for prayer, as the union brings them closer to their goal (even nuns and monks who have taken a vow of silence live in communities…hermits are not that common).
  • TIGER 21, an investment-education group for multimillionaires (you’d think they wouldn’t need to learn more about investment at that level, but that much wealth brings new problems that the members need support for).
  • King Arthur and the Knights of the Round Table (it’s a legend, but the point still stands: King Arthur knew he couldn’t rule most effectively alone, so he brought all the knights together as equals).
  • U.S. President Franklin Roosevelt’s Brain Trusts, which he formed to help him address particular problems the country was facing (one of them: the Great Depression).
  • Carnegie, who said, “It is not my mind, and it is not the mind of any other man on my staff, but the sum total of all these minds that I have gathered around me that constitute a Master Mind in the steel business.”

These examples vary a lot, but there are some essential features all Master Minds have in common:

  • Exclusive: not everyone can or wants to join.
  • Collaborative: the point is to build (pull) each other up (one of our core values), not tear each other down.
  • Connective: you get access to a network of success-minded people like you.
  • Supportive: everyone teaches and learns from the group.
  • Expansive: Hill called this the “third mind” that happens when two minds come together. It’s bigger than either of the minds alone.

Where Do People Like Us Turn for This Today?

So where do you go to get this kind of thing for productivity? No one can do everything themselves; we all need other people to go further. We’ve looked far and wide for an answer to this question, and we couldn’t find a place.

That’s why we decided to update Hill and Carnegie’s Master Mind to the possibilities of today: a Master Mind that connects you with people all over the world who are working toward the same goal as you: higher and higher levels of productivity and efficiency.

The power of that many minds coming together is hard to imagine. But soon it’ll be a reality at Asian Efficiency.

Will you join us?

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2 Comments

Posted by Kirby  | October 27, 2015 at 12:24PM | Reply

I am very interested in this as well. I love to exchange and share information. I also like to see how other people are being creative and addressing challenges.

Posted by Frank Hamm  | September 26, 2015 at 7:14AM | Reply

I’ very curios and I’m in :-) It would be great to have a central place for exchanging and learning about productivity!

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