One of the shortcuts to creating wealth is to learn from those
who have achieved great wealth.
The late John Paul Getty is known as one of the richest
builders in American history.
He was kind enough to distill his wealth building rules
for anyone who wants to amass riches like him.
Do you want to be fabulously rich? So learn from the master
same wealth creator, and follow in his footsteps:
Rule #1:
To acquire wealth today, you must be in your own business.
You may think that the corporate executive with $100,000
salary is better than the owner of a small shop, but the executive
you’ll be hard-pressed to double your income and the taxes will eat you up
most of any increase.
The simplest peanut seller has unlimited opportunities to
expand your business and income, and even sellers,
who in most cases are able to write their own
paychecks, you can control your sales increases for yourself.
Rule No. 2.
You must have a working knowledge of the business.
when you begin and continue to increase your knowledge of it as
You follow
If you don’t know what you’re doing when you start, your
mistakes will be costly and often unnecessary, and it will not be
able to keep up with technological explosions in any field.
Start smart and stay smart.
Rule No. 3.
You should save money in your personal life and in
your business too.
Discipline is the key to saving money. You must develop the
willpower to deny oneself immediate gratification or
temptation to gamble for quick money. resources will be
necessary for expansion and must be carefully protected.
Rule No. 4.
You must take risks, both with your own money and
with borrowed money.
Risk taking is essential for business growth.
Nelson Bunker Hunt is admired for his guts in trying to
corner the silver market, did not score for losing money on this
negotiate.
Some of the richest men have staked their entire fortunes
and lost, multiple times, before the risk-taking paid off.
Back up those risks with good judgment, experience, commitment,
And the right support.
Seek risk advice from the rich who still take risks,
Not friends who dare not do anything more than a football bet.
Rule No. 5.
You must not only learn to live with stress, you must
you must look for it.
Take advantage of the stress! If that means getting physically fit, having a
general psychiatric or lose 50 pounds before you can drive
that, do it.
Once you can learn to thrive on stress, you won’t be able to
just enjoy it, you will look for it with desire and enthusiasm
And I wonder how you could live otherwise.
Men of resources see making money as a game that
love to play
Consider it a serious matter and you will suffer much more.
stress of what you need or want.
Keep your perspective or your stress level will skyrocket beyond
your control
Rule No. 6.
Build wealth as a byproduct of your business
successful.
If wealth is your only goal in business, you probably
fail.
Wealth is just a benefit of the game. If you win, he
the money will be there.
If you lose, and you will from time to time if you play a lot
and hard enough, it must have been fun or it wasn’t worth it.
Rule No. 7.
Patience.
This is the biggest business asset. Wait for the right moment to
make your moves.
Let your business grow naturally, not pressing your luck.
Rules No. 8.
Diversify at the top.
Once you’ve done that, you’ll understand that any business is
limited in the challenges it offers.
You will want and need other games to play, so you will seek
for other companies to maintain their interest.
May these wise words from Mr. Getty inspire you
build fabulous wealth and reach for the stars.
warmly,
Ikey Benney, CEO