Posted 20 hours ago

How to Get Rich

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If you truly believe that your race, sex or upbringing can keep you from becoming rich, then you had best give up here. While there are times when you need to keep grinding it out and plow forward with your idea, there are also times when you should give up and try something else. After all, if everyone was willing to make the necessary sacrifices, who would be around to work for my own companies? Also, being okay with losing everything but still maintaining a “predator” like ambition, which will force you to attack the problems at hand and make your dream into a reality. Felix has intentionally focused on the "getting rich" part in this book – I happen to think that such a starting point has very bad odds for success and that the starting point must be a subject/industry that you simply can't resist – but it’s all written in good humor, and to be fair, Felix stresses the importance of going towards what you are absolutely drawn to as a mandatory requirement.

This last factor is crucial, because the ability to live with and embrace risk is what sets apart the financial winners and losers in the world. What are riches anyway, compared to health or the peace of mind that even a modicum of contentment brings in its wake? A persistent person is convinced that he or she has been right all along, and that the proof lies just around the corner.The biggest rewards go not to those individuals who came up with the idea, nor to those individuals who built the empire. In terms of having a voice, this book is one of the most forceful, and enjoyable books I've read for a long time. What fueled me was the desperation of knowing that unless I found a way around my lack of capital, unless I could pour my energy into a venture of my own, I would be condemned to a life of wage slavery. Firstly, they fear that you are placing yourself in harm’s way—and, to them, that cannot be a good thing. Although of course in this case the book is focusing on Felix's business endeavours rather than his personal life, but it's written in a very UN stuffy straight from the hip way with great insight to the mentality to the feelings and desires of the author.

Otherwise, just be the man who switches the trains from track to track without having to know what is in the cattle trucks . Their ability to take chances and to subsequently exploit initial success counted more than their inclination toward a particular industry. There is absolutely nothing more likely to dampen the prospects of becoming rich than a nice, fat, regular salary check. Everywhere you look, you will find men and women who appear to take perverse pleasure in pointing out the shriekingly obvious: that if a new venture does not succeed, it may result in failure.In addition, the combination of ignorance and misconception that surrounds any new market or technology works in your favor. Especially as not surrendering equity is the key piece of advice in the whole book and the author gives example after example of why - all of which are hard to argue with. Finally, the power of a rising tide masks many start-up difficulties, putting individuals and small companies on a more even footing with conglomerates and established operators; for a while, at least. The observation, whether it was necessary for Epstein to do this, flies against other advice from the author to hire as many talented people as you can. Believe it or not, this is not always the case, and many manual styled books are written by those who have not achieved the tasks they describe in their tutorial like guides of basic knowledge and and often times limited perspective.

When the young catch the old unawares, they may sometimes glimpse a look of naked envy, which is then instantly disguised. Canny, infuriating, cynical and generous by turns, How To Get Rich is an invaluable guide to 'the surprisingly simple art of collecting money which already has your name on it'.He has homes in London, Stratford-upon-Avon, New York City, Connecticut, and the Caribbean island of Mustique.

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