How To Be Rich

Hagbard · Post by **Hagbard** » Mon Jun 05, 2006 3:20 pm

By J. Paul Getty

Great book by Getty on how he came up and became the richest man in the world for a time.

Although the subtitle is "His Formulas" it's not a do this then this type of formula for getting rich by any means.

Rather than a Nappy Hill type strategy, this book documents Getty's path to wealth as well as what he believes is important to success. Additional guidelines are included on stock investment, real estate investment and fine art investment.

An excellent read.

Garm · Post by **Garm** » Mon Jun 05, 2006 4:24 pm

Did he mention being born rich as a nice first step? His dad made multimillions in the first OK oil boom, owned fields all over, etc. Then, JP 'made his first million' on an already-producing field his dad gave him. That's why it's how to be rich, not how to get rich. Being rich is just as easy as being poor.

Hagbard · Post by **Hagbard** » Mon Jun 05, 2006 5:35 pm

Garm wrote:Did he mention being born rich as a nice first step? His dad made multimillions in the first OK oil boom, owned fields all over, etc. Then, JP 'made his first million' on an already-producing field his dad gave him. That's why it's how to be rich, not how to get rich. Being rich is just as easy as being poor.

His account of how he acquired his first well is different, of coarse.

I also took exception to the title.

Hagbard · Post by **Hagbard** » Mon Jun 05, 2006 6:07 pm

Furthermore it is not easy to turn $1million into several hundred, even if he was given the first $1million he still accomplished a lot.

Batboy2/75 · Post by **Batboy2/75** » Tue Jun 06, 2006 5:01 pm

Ralph wrote:By J. Paul Getty

Great book by Getty on how he came up and became the richest man in the world for a time.

Although the subtitle is "His Formulas" it's not a do this then this type of formula for getting rich by any means.

Rather than a Nappy Hill type strategy, this book documents Getty's path to wealth as well as what he believes is important to success. Additional guidelines are included on stock investment, real estate investment and fine art investment.

An excellent read.

Garms right.

Same goes for Howard Hughes. His father invented some new drilling devise for the oil business.

Bill Gate's father was a multi millionaire lawyer. Before the firm was disbanded it was the biggest law firm in Seattle. It employed around 1,000 attorneys in the Seattle area alone.

Same for the douche bag Trump.

Carnagie was a true rags to riches story. Son of a scottish weaver to Billionaire.

I read the book a while back. Full of common sense that isn't so common nowadays.

BB2/75

Hagbard · Post by **Hagbard** » Tue Jun 06, 2006 5:27 pm

I know it's difficult, but please attempt to distinguish between useful principles/ideas and an individual's background.

Or don't.

bigpeach · Post by **bigpeach** » Tue Jun 06, 2006 5:40 pm

I heard the Google guys used to get $5 from their grandmas on their birthday. Therefore, they aren't legit.

Cayenne · Post by **Cayenne** » Tue Jun 06, 2006 7:19 pm

If you inherited $40 million and turned it into $4 billion, ( is this what Trump did ? ) that's a neat trick, bad hair and obnoxious style considerations aside.

If I had $40 mil., I'd have to go through a long, long period of vacation type life style. Don't know that I'd be motivated to turn it into a lot more. Could be one reason I don't have the 40 in the first place.

Batboy2/75 · Post by **Batboy2/75** » Tue Jun 06, 2006 8:12 pm

Ralph wrote:I know it's difficult, but please attempt to distinguish between useful principles/ideas and an individual's background.

Or don't.

Read my last comment. I was giving Getty he due.

While it is very commendable that Getty, Hughes, Trump, and Gates all turned small fortunes and superior upbringings into billions while others would have sat on their asses enjoying themselves, I still admire the Carnagies of the world more.

BB2/75

IGX

How To Be Rich

How To Be Rich

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