How to Get Rich
Felix Dennis, one of the richest man in the U.K, has written a new book entitled "How to Get Rich." In that book he says that the fear of failure is what holds people back. Specifically, "if you are unwilling to fail, sometimes publicly, and even catastrophically, you stand very little chance of ever getting rich," Dennis says. "You do not need a great idea to get rich. You do need to able to put ideas into practice. Not giving up is vital." Here Churchill is the author's guide when he said: "If you are going through hell, keep going,"
Be ruthless on costs. "Keep payroll down to an absolute minimum," Dennis says. "Overhead walks on two legs." Every cost and outlay should be scrutinized. "Never buy a business meal if the other side offers to. You can show off later." That applies to other misguided acquisitions too: ''If it flies, floats or fornicates, always rent it. It's cheaper in the long run." (I guess this means he doesn't believe in marriage because of the cost which is a lesson Donald Trump hasn't learned.)
Never allow your self-belief to falter. "Without self-belief nothing can be accomplished," Dennis says. "With it, nothing is impossible." Hire talented people and then delegate as much to them as you possibly can. Cling on to 100 per cent ownership of your ventures: "Ownership is not the most important thing. IT IS THE ONLY THING THAT COUNTS."
But is that they way you want to leave your life?
I think the purpose of life is to evolve spiritually and if you simply do what you LOVE to do and spend a lot of time working on yourself so that you become more and more happy, then you've really found the secret to life.
Becoming rich is not part of the equation as you'll see in the next post.
isn't it interesting how many people spend their entire lives trying to accumulate as much money as possible... often at the expense of hurting a lot of other people. For example, the fast food industry is a trillion dollar industry and it's designed to create addictions which is one reason the tobacco industry is moving into it.
Comments
keep up the good work
Posted by: fernando | August 28, 2006 11:08 PM
Dear Van,
I like this thoughts a lot. But how to evolve spiritually when you think about losing your job and an insecure future (This is very German, I know). Nevertheless,...
Gabriele
Posted by: Gabriele Alt | August 29, 2006 08:40 PM
We are afraid of losing something although it's not dangerous. Driving a car is really dangerous, but we do not think about this.
This attitude may be replaced by training some simple techniques:
Losing is neutral but we intentionally behave ourselves as we are extremely happy to meet losses/failures and thankful to every warning about the possibility to lose something.
Posted by: Serge | September 1, 2006 08:22 AM
Dear Van,
I have already commented when I sat alone in my office at 1 a.m. (in my darkest hours as to say, since I have a lot of difficulties in my job right now).
I really like your sentence about the secrets of live. In trading it's really dangerous that you become greedy and forget about the beauty of life like people, nature, good food, holidays, shopping (I am female :-)...
It's really a good idea to talk about the beauty of life.
Best greetings
Gabriele
Posted by: Gabriele | September 1, 2006 06:45 PM
Getting rich by working and taking is the only way that the spiritually dead know to do it. The concept of giving and recieving a harvest thirty, sixty or one hundred times larger is not in thier arsenal.
Posted by: truth detector | September 6, 2006 02:24 PM