W. Clement Stone: 1902, – 2002
W. Clement Stone
William Clement Stone was born on May 4, 1902, and grew up on Chicago’s South Side. His father died when Clement (as he has come to be known) was 3, leaving the family impoverished because of his gambling losses. At the age of 6, he begins hawking (selling on the street corner) newspapers while his mother worked as a dressmaker. At age 13, he owned his own newsstand. At the age of 16, he went to Detroit to help his mother in the insurance agency she had opened there. He went from office to office, making cold calls (he called them gold calls) to sell insurance, and he was soon making $100 per week when the average man earned $30 per week.
Stone turned $100 onto millions with a strong desire to succeed and by putting into proactive the principles in the book Think And Grow Rich by Napoleon Hill. He was the living example of the proverbial rags-to-riches story, Eventually, he became an ‘angel’ to others lifting some from the gutter to incredible heights. One of his great successes was the famed Og Mandino, an alcoholic at the time, whom Stone took under his win. The relationship brought about a complete change in life for Mandino who became the publisher of Success Magazine.
In 1919, Stone built the Combined Insurance Company of America (a company providing accident and health insurance coverage), and by 1930 he had over a thousand agents selling insurance for him across the United States. By 1979, Stone’s insurance company exceeded $1 billion in assets,
In 1960, Stone teamed up with Napoleon Hill to author Success Through A Positive Mental Attitude. Norman Vincent Peale said that Stone and Hill “have the rare gift of inspiring and helping people… In fact, I owe them both a personal debt of gratitude for the helpful guidance I have received from their writings.” In 1962, Stone wrote the Success System That Never Fails, in which he suggested how to become successful and have a healthy, productive lifestyle. In 1964, he and Norma Lee Browning collaborated on writing The Other Side Of The Mind.
Atone was a supporter of TheNapoleon Hill Foundation, which he directed for forty years, and to which his estate contributes funding. He celebrated his 100th birthday with a gift of $100,000 to the University of Illinois at Chicago and he gave over $275 million to charities, including civic groups, mental health, and Christian organizations.
William Clement Stone was 100 years old when he passed away on September 3, 2002. He was a self-made millionaire, a successful author, and a generous philanthropist.
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W. Clement Stone Quote
“Every great man, every successful man, no matter what field of endeavor, has known the magic that lies in these words: every adversity has the seed of an equivalent or greater benefit.”
“No matter how carefully you plan your goals they will never be more than pipe dreams unless you pursue them with gusto.”
“Definiteness of purpose is the starting point of all achievement.“