How To Become Rich

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Back up your managers. If they do not perform, fire them. Search out and promote talent. Discourage secrecy. Save a little bit of pie for suppliers. Never bad-mouth rivals. Sell early. Enjoy the business of making money.

After 5 years studying how people get rich, there's 4 paths to wealth - Business Insider

Never miss an opportunity to promote your asset. On Choosing Human Capital 1. Never choose an important employee or a key supplier alone. Go further than reading a person's references. Make notes. Speak little.


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Remember you are being interviewed, too. Good suppliers respect attention to detail. Pay employees well. Bonus better.

How to Become Rich in 10 Easy Ways

Only hire winners. Promote from within when you can. Don't leave senior employees in any job too long. On Taxes 1. Don't even think about screwing the taxman. Your arm's too short to box with God. When you are one of the richest people in the country, the taxman allots you a special "watcher". You always seem to have to settle in a tax investigation, or so I'm told. The taxman rarely lets you off scot-free. Tax exile : leaving a country to avoid paying tax by exploiting loopholes in the law How to Stay Rich ——————— 1.

Keep giving it away. As soon as you've spent it, gifted it, loaned it or invested it: forget it. Never loan it to friends. Isolate yourself pronto when you get rich. Get private, first-class advisors to run your company. Do not try to be friends with your staff. Choose personal aides with enormous care, including a security force. Watch out for fraud in the early days. Do not be led. Stay as healthy as you can.

View all 8 comments. Jun 07, Tim Pendry rated it it was amazing Recommends it for: Anyone young, losers who blame others, relatives of losers who blame others.

Shelves: psychology , five-star , business. This is a book that I am going to pass straight on to my seventeen year old son, not because of its insights into business although it rings true on that account but because of its insights into human nature and into the world 'out there' that he is going to have to negotiate in the coming years.

Like all sons, he won't listen to his Dad and no real reason why he should but he might listen to 'uncle' Felix.

Why should he? Because Felix Dennis is going to stop him wasting a lot of time believ This is a book that I am going to pass straight on to my seventeen year old son, not because of its insights into business although it rings true on that account but because of its insights into human nature and into the world 'out there' that he is going to have to negotiate in the coming years. Because Felix Dennis is going to stop him wasting a lot of time believing that some people are nicer and cleverer than they are or that reading those idiotic books about leadership from people who could not navigate their way to an ice cream parlour on a hot day is going to make an iota of difference to his wealth.

Self-made rich people are different but only because they are rich and have a peculiar personality type - not because they are cleverer or more intelligent than you or I. If anything, traditional intelligence and 'book-larning' are disadvantages because they distract and displace intuition. I read about Tao, Tantra and Jung and a lot besides while I am not trying to get rich. That, in itself, is one good reason why I am not rich. Dennis is clever, very clever, but he knows his limitations a skill in itself.

He is an acute natural psychologist and he can laugh at himself.

Above all, he looks at himself and others without illusion yet with an odd sort of existentialist compassion that makes what he says in this book ring true and be useful. You get the impression that he would quite like it if the world was different but it is not and he has adapted.

That long preamble is necessary because this book won't make you rich at all. People like Dennis get rich because they are driven to making money. It is in their hard wiring. Society can stop such people and constrain them from wealth creation but it cannot create them at will out of the raw stock of society. Government funding of business education is useful in improving technical skills and management but the best thing it can do to increase innovation is to remove constraints and get out of the way - and I consider myself a hard line socialist!

What this book will do is either help you throw off the psychological and social constraints, especially fear and the carping negativity of others, that hold you back if you are on the cusp of entrepreneurship and oh how I could have done with that sort of support in my deadly family circumstances of thirty years ago. More usefully still, it will make it crystal clear, if you don't have a certain drive and ability to handle fear, that you really should not bother.

You should stop dreaming uselessly of what could be or might have been and just get on with your life as either a functionary in the system or as a creative in some field of endeavour in which you have certain talent. Or be poor but honest. Dennis makes it brutally clear that having money does not bring happiness - not in a moralistic condemnation of wealth per se it certainly brings a lot of pleasure and experience and he clearly respects the personal service workers who helped him in this respect.

True happiness, once a modicum of security is achieved, is about who you are and how you relate to the world regardless of how many things you have. Getting rich is not a path to happiness, it is just another neurotic drive much like that of the politician that all entrepreneurs including Dennis affect to despise.

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But if you want pleasure and experience, need excitement and to 'feel the fear' and you see anything and anyone as potential tools to the satisfaction of your desires, then entrepreneurship is for you. Dennis' book will, if read with attention, do a great deal to point out all those mistakes that a live wire will make and will probably make anyway because entrepreneurs tend not to listen to their Dads long before they have to be made.

Unlike most of the boring ghosted and whitewashed 'how I did it and aren't I wonderful' books from senior managers and, that dread word, 'leaders', Dennis details his mistakes and errors of judgements - that alone is worth the price. Would it have made a difference to me if I had had this book and its basic wisdom in, say, ? I doubt it. The book is accurate and resonant only because, as a lifestyle entrepreneur myself, my drives are very different from Mr. Dennis' and his ilk.

I would have valued Mr. Dennis in because of his brutal insights into what people are about and why they do what they do. He would have saved me a lot of wasted time being nice to people who were useless or malign.


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But it would not have changed my essential dilettante nature, talented and effective though I am in many ways. Rightly, he has very harsh words for the whiner who blames others - especially his family - for not being rich: it doesn't work like that. I can have a legitimate go at my lot not my current lot but the preceding crowd on grounds of the provision of basic security and happiness but not on the grounds of stopping me being rich or 'successful'.

To get rich, you have to think money is important but not in itself it is just a scam like all absurd abstract concepts such as the nation or the brand. You have to believe in it as a marker of self-worth and a necessary tool for self-pleasuring because of a driving need for external stimulation and to be the centre of attention, the ordering force in your little world So, despite the much lower ratings given by other readers, I strongly recommend this book.

It is a fast read. You can skip the poetry if that is not your thing it certainly is Dennis' thing in self-indulgent mode but, hey, when you are worth the millions he is, who does he have to please?

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How To Become Rich: Don’t have money to invest? Even these habits can make you wealthy

By all means photocopy the "eight secrets to getting rich" and stick it on your wall if you are serious about business, let alone getting rich. But the heart of the book is in one injunction - applicable whether you are creator like him or creative like GoodReads people - face fear and make it work for you. Otherwise, just be the man who switches the trains from track to track without having to know what is in the cattle trucks View 2 comments.

Mar 08, Mohammad rated it it was amazing. How to get rich I listened to the audio version. It had a British accent.

The 3-step formula successful investors use to get rich in real estate

Fun to listen to. It starts with personal characteristics necessary for getting rich; Pig-headed determination, stamina, boldness, self-belief, persistence, and of course, execution. Then it shows you how to get capital, upsides and downsides of every method, errors entrepreneurs usually make, cash flow, how to negotiate, importance of ownership, delegation, inc How to get rich I listened to the audio version.

Then it shows you how to get capital, upsides and downsides of every method, errors entrepreneurs usually make, cash flow, how to negotiate, importance of ownership, delegation, incentives, competition, focus, human capital, etc. Last three chapters were gold. He talks about fear, focus, and time. No sugarcoating, no bullshit. Frank to the point of almost offending and condescension.

But hey, if someone who made more than million dollars from scratch gives me advice on how to get rich, I can ignore the condescension.

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