How To Become a Money Getter

FRIDAY Book Study: we will study this one power packed book throughout the year, each week diving into business, mindset, and personal development principles. Og Mandino’s University of Success: The Greatest Self-Help Author in the World Presents the Ultimate Success Book.

Please make sure you read and study this chapter, there are soooo many nuggets in each lesson, that I barely touch on all of them. CLICK HERE for the book in pdf format.

TODAY’S THOUGHT

WHEN YOU TRULY UNDERSTAND THIS LESSON YOU WILL BE AS CLOSE AS YOU CAN POSSIBLY GET TO A SINGLE UNIVERSAL LAW OF SUCCESS.

LESSON 26 (SEMESTER SIX) TAKEAWAYS

When this full semester has been completed you will understand the basic principles of accumulating money, even though you realize, by now, that money alone carries with it no guarantee of happiness. You will have also learned much more, especially the powerful truth that principles of success never change-as the most colorful member of our faculty is about to remind you …

1. True economy consists in always making the income exceed the outgo
2. Stay out of debt whenever possible
3. Whatever you do, do it with all that you have
4. Don’t get above your business
5. Do not scatter your powers
6. Beware of outside operations
7. Don’t blab
8. Preserve your integrity

• Those who really desire to attain an independence, have only to set their minds upon it, and adopt the proper means, as they do in regard to any other object which they wish to accomplish, and the thing is easily done.
• But however easy it may be found to make money, I have no doubt many of my hearers will agree it is the most difficult thing in the world to keep it.
• The road to wealth is, as Benjamin Franklin truly says, “as plain as the road to mill.” It consists in expending less than we earn; that seems to be a very simple problem.
• When you find that you have no surplus at the end of the year, and yet have a good income, I advise you to take a few sheets of paper and form them into a book and mark down every item of expenditure. Post it every day or week in two columns, one headed “necessaries” or even “comforts,” and the other headed “luxuries,” and you will find that the latter column will be double, treble, and frequently ten times greater than the former. The real comforts of life cost but a small portion of what most of us can earn.
• There is scarcely anything that drags a person down like debt. It is a slavish position to get in, yet we find many a young man hardly out of his “teens” running in debt
• Debt robs a man of his self-respect, and makes him almost despise himself.
• Money is in some respects like fire—it is a very excellent servant but a terrible master.
• When you have it mastering you, when interest is constantly piling up against you, it will keep you down in the worst kind of slavery.
• But let money work for you, and you have the most devoted servant in the world.
• Work at it, if necessary, early and late, in season and out of season, not leaving a stone untumed, and never deferring for a single hour that which can be done just as well now.
• The old proverb is full of truth and meaning, “Whatever is worth doing at all, is worth doing well.”
• Many a man acquires a fortune by doing his business thoroughly, while his neighbor remains poor for life because he only half does it.
• Ambition, energy, industry, perseverance, are indispensable requisites for success in business
• Money is good for nothing unless you know the value of it by experience.
• Give a boy twenty thousand dollars and put him in business and the chances are that he will lose every dollar of it before he is a year older.
• Like buying a ticket in the lottery, and drawing a prize, it is “easy come, easy go.”
•  He does not know the value of it; nothing is worth anything, unless it costs effort.
• Without self-denial and economy, patience and perseverance, and commencing with capital which you have not· earned, you are not sure to succeed in accumulating.
• Engage in one kind of business only, and stick to it faithfully until you succeed, or until your experience shows that you should abandon it.
• When a man’s undivided attention is centered on one object, his mind, he will constantly be suggesting improvements of value, which would escape him if his brain was occupied by a dozen different subjects at once.
• Many a fortune has slipped through a man’s fingers because he was engaging in too many occupations at a time. There is good sense in the old caution against having too many irons in the fire at once.
• We sometimes see men who have obtained fortunes, suddenly become poor. In many cases this arises from intemperance, and often from gaming and other bad habits. Frequently it occurs because a man has been engaged in “outside operations” of some sort.
• If a man has plenty of money, he ought to invest something in everything that appears to promise success and that will probably benefit.
• Some men have a foolish habit of telling their business secrets.
• Strict honesty not only lies at the foundation of all success in life financially, but in every other respect. Uncompromising integrity of character is invaluable.
• It secures to its possessor a peace and joy which cannot be attained without it-which no amount of money, or houses and lands can purchase.
• A man who is known to be strictly honest, may be ever so poor, but he has the purses of all the community at his disposal.
• Dr. Franklin can never fail to be true, that “honesty is the best policy.”

TODAY’S INSTRUCTOR
P. T. Barnum

P.T. Barnum (July 5, 1810 – April 7, 1891)

Born on July 5, 1810, in Bethel, Connecticut, P.T. Barnum became a successful promoter after moving to New York City. From 1841 to 1868, he ran the Barnum American Museum, which featured the “Feejee Mermaid,” “General Tom Thumb” and other oddities. 

P.T. Barnum was a successful American promoter who founded what became the Ringling Bros. and Barnum & Bailey Circus in 1871.

From a truly humble beginning as a grocery clerk, and with only a grammar school education, P. T. Barnum eventually built the largest circus combine in the world which he billed as ‘The Greatest Show on Earth.”

Read more here

TO GET THE MOST OUT OF THIS BOOK STUDY

• To really obtain the full benefit and get the most out of this book you may want to purchase your own copy, here is the link to Amazon
• Highlight, underline, star, mark up this book however you want with things that resonate with you.
• Take this study slowly and with intention, that’s why we are doing only ONE chapter each week, so we can ponder, think and study on this content until the next chapter.
• Do the chapters in order (all of these suggestions are from the author)