How to Get Rich

Product Information

It's easy to be philsophical when you've already amassed a fortune. There's some truth in that, but there's also truth in the assertion that I may well have only been able to put a few hundred million dollars in the bank because I recognized that this getting rich malarkey is just a game. Being rich is fine, and at very least is better than being poor. But it shouldn't be the be-all end-all of your life or anyone's life. Two reasons. Because I enjoy writing about something I feel I know because I believe that almost anyone of reasonable intelligence canbecome rich , given sufficient motivation and also helps that I am writing while sipping a very fine wine indeed (aChateau d'Yquem 1986 if you really want to know), nibbling on freshsmoked conch tidbits, ensconced by a window with one of the most beautifulviews on earth. Across the valley, far, far below me, palm trees fringe thefishing boats and yachts nodding in the harbour. Beyond the bay to the west,a turquoise sea ripples out to a purple and pink horizon, heralding anotherglorious the words of a Victorian English poet:How pleasant it is to have money, heigh-ho! If your advisors are leading you down a path you don't approve of, call a time-out and tell them privately that if they continue along that route you will get new advisors.

So while I don't know how valuable this book will be to people who have no entrepreneurial experience, as someone who is two years into the grueling process of running a start-up, I found a lot of useful information in this book. Some of it is practical - such as how he handled the 4 employees who politely threatened to leave his firm and start a competing company if he didn't give them a quarter of his equity, or the rules he requires all board members to adhere to. The partnership held, and has always reflected two principles as far as sharing the pie : (1) who is putting what capital into a venture? (2) who is putting what work on that venture? Getting rich means sacrifice. You must be willing to fail. You can't care about what others think. You must be willing to work long hours. You must treat it as a game. Dougary, Ginny (2 April 2008). "Maxim publisher Felix Dennis: 'I've killed a man' ". The Times. No.69287. London. p.4[S]. Watch out for blowhards. There are a lot of them out there and they are very negative influences. They can stop you from getting started, from getting going, from taking a massive running leap into the dark. Always remember that they want you to fail, just as they did. Ignore them.Why should he? 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. It's usually better to leave no doubt in your visitor's mind if you're not interested in their project or idea. In a way, it's kinder, as well. So how do you judge your own aptitudes? Trial and error is the only way I ever heard of. The problem is that we create an image of ourselves in our childhood and youth (often at the urging of parents, siblings or friends), and subsequently attempt to graft reality onto this image. More often than not, the graft doesn't take and the result is bewilderment and disappointment. Far better ruthlessly analyze Fight with everything you have to own as close to 100 percent of the company. There will be endless ploys from employees, investors, and other parties to try to take a chunk of your share. Give away only what is necessary. Paulo Vieira, author of the book "Enrichment Factor", says that the journey of enrichment is made of peaks and valleys, be prepared and willing not to stop halfway. Remember that not giving up will make you a millionaire. Think like a successful person, be able to see adversity and move on, doing what has to be done.

One thing I do to compensate for the style of ownership is to look hard for signs of excellent work. When I spot it, I drop a handwritten note to whoever is responsible. Success is the ability to go from one failure to another, unrepentant and with no loss of enthusiasm.Why doth treason never prosper? For shouldest thou fail, thou must hang. And if it doth succeed, why 'twas never treason! ring fence" investment costs from ongoing business : investment money for new projects taken out of ongoing business as a real expense How much would Howard Stern earn if he delegated his show to others? After a short while, he would get nothing. His audience would not put up with a substitute. Actors, celebreties, kings, politicians, artists, either do the job in person or they lose the job and the income that comes with the job.

You can own equity in a product or a piece of intellectual property (IP) like a book, script, or other artwork. And you know what? The kids and the house and the mortgage and your retired parents and the love you your life (whether a man or a woman) and all your current responsibilities - they are not the real problem. They are either inanimate, or they love you, or they don't love you. They will not love you less (or more) if you decide to surprise everyone around you and seize the time. As you could seize it, if you truly wished to. Then you'd show them." (Is this just narcissism? Why would they care more about you and yours than them and theirs.)

If your advisors are leading you down a path you don’t approve of during your negotiations, tell them privately that if they continue along that route you will get yourself some new advisors. What business should I have gravitated toward? Software, technology, internet startups, cable and satellite TV, property, environmental waste clean-up, alternative energy sources. Do I know anything about these industries? No. But then I didn't know anything about magazines in 1967, either. It starts with personal characteristics necessary for getting rich; Pig-headed determination, stamina, boldness, self-belief, persistence, and of course, execution.

It is my hope that this book will cause you to consider very carefully whether you are truly driven by inner demons to be rich. If you are not, then my earnest and heartfelt advice to you is: do not on any account make the attempt. What are riches anyway, compared to health or the peace of mind that even a modicum of contentment brings in its wake? In and of itself, great wealth very rarely, if ever, breeds contentment.” At the conclusion of the trial, the "OZ Three", defended by John Mortimer, were found not guilty on the charge of "Conspiracy to deprave and corrupt the Morals of the Young of the Realm", but were convicted on two lesser offences and sentenced to imprisonment. Dennis received a more lenient sentence than his co-defendants because he was, in the opinion of the judge, "much less intelligent" and therefore less culpable. [8] These convictions were later quashed on appeal. [9] Dennis later told author Jonathan Green that on the night before the appeal was heard, the OZ editors were taken to a secret meeting with the Chief Justice, Lord Widgery, who told them that they would be acquitted if they agreed to give up work on OZ. It is alleged that MPs Tony Benn and Michael Foot had interceded on their behalf. [4] Underground comix [ edit ] So, take this with a grain of salt. But also understand if you use these principles for long enough, good things will happen. Felix Dennis firmly fights what he considers to be the "big idea fallacy". In his experience, most of the time, people who are obsessed with finding a brilliant idea - and who often do - end up not being the ones who get rich out of that innovation. The follow-through, the execution, is a thousand times more important than a “great idea.” In fact, if the execution is perfect, it sometimes barely matters what the idea is. If you want to get rich, don’t sit around waiting for inspiration to strike. Just get busy getting rich.”Employees wanting to do their own new project : I fear them. I fear they may have spotted something we have missed, some gap in the market. I fear their new venture will grow at our expense while it poaches our personnel and our market share. The only way to deal with fear is to cozy up to it. Look it in the eye and pump its hand. Translate its negative energy into adrenaline. To harness it. To laugh with it rather than at it.