Even More Million Dollar Maxims
Saturday, August 7th, 2010
By Gary Screaton Page, Ph.D.
Copyright © 2008-2010 by Gary Screaton Page. All rights reserved.
A. S. Trude was one of the wealthiest attorneys in the Western United States. Throughout his career, he followed these rules:
- Get the confidence of clients and keep it. Such confidence is accumulated capital.
- Form a morganatic alliance with clients.
- Buy during panics when others arc frightened and expecting the bottom to drop out of securities.
- When the storm is raging and forked lightning appears in the financial sky, invest in property that others fear will be injured.
Mr. C. L. Hutchinson, another millionaire, had much to say about what led to his success. Here are just a few of his thoughts on how to be a high achiever.
- The business man should not forget that there is much in life outside of mere business. It is a mistake for you to devote yourself to it so exclusively that in time he loses all power to find enjoyment or interest outside of it.
- Business is a means to an end, and the best of life is to be found outside its daily routine.
Few of any age have not heard of John D. Rockefeller, the “Oil King.” Rockerfeller’s wealth touched the $400,000,000 mark. He won his first start in business by working on a New York farm twelve hours out of the twenty-four, for twenty-five cents a day. He has earned his position as a multi-millionaire by adhering to the principles of the following maxims:
- It should be every man’s duty to get all the money he can, keep all he can, and give away all he can.
- Buy only what you can for, and look upon debt as an ogre that first paralyzes and then kills.
- Live within your means, and don’t think too much of your neighbor’s good fortune.
- Keep a record of all expenditures and receipts so that at the end of each year you can tell whether you arc saving enough money to provide against the inevitable rainy day. Any one can make money; few can save it.
- Live as though every act of yours was under the scrutiny of your bitterest enemy.