How To Get Rich, Felix Dennis Way to Make Money
Learn Making Money Skills. How-to Guide by a Self-Made Entrepreneur
Felix Dennis made his fortune from scratch – he started with nothing and at times he struggled to even pay his rent or buy food. But he had a real desire to be rich and was driven to sacrifice everything and work hard to achieve that dream. He argues in How To Get Rich that making money is a knack and is an ability that anyone can acquire.
Real Desire to Make Money and Get Rich
However the author stresses that it involves sacrifice, energy and commitment and is therefore not for the idle, the comfortable or wishful thinkers. He makes the point that readers should not confuse a superficial desire to be rich with a deep inner need that creates the desire and willingness to face the consequences of pursuing riches. The first part of the book examines the motivation, commitment and energy needed to follow the dream of serious wealth.
Felix Dennis does not pull his punches to make sure that would be entrepreneurs have the essential desire and energy needed to succeed. He encourages the young to just do it and advises older readers to partner with a like minded youngster who has the energy and health to see it through.
The advice is down to earth and well illustrated with anecdotes from Dennis’s own career; not all are flattering. How To Get Rich is punctuated with relevant poetry much of it written by Dennis himself which he uses to make the point that money buys time; time to do what one wants, where one wants. In his case it is to write poetry.
The Fallacy of the Big Money Idea; Execution is the Key
Having discouraged the dilettante How To Get Rich explores the various aspects of making money and disposes of the notion that a “Big Idea” is needed. Success, and luck, comes when opportunity meets preparation and is followed through with solid execution. A key point for Dennis is maintaining ownership and thereby control. That way the entrepreneur does not have to dance to the tune of capital providers who need short-term gains even at the expense of long term future of the business and the ultimate wealth of the entrepreneur.
Good Advice for Entrepreneurs and Managers
Although aimed at would-be entrepreneurs who wants to make real money How To Get Rich contains much good advice that is relevant to salaried managers and especially those running small businesses.
Particularly important is the chapter on The Five Most Common Start-up Errors which he lists as:
- Mistaking Desire for Compulsion
- Over-optimism Concerning Cash Flow
- Reinforcing Failure
- Thinking Small and Acting Big
- Skimping on Talent
These are all good management principles which anyone involved in business should take on board.
How To Stay Rich but First Commit
The final section of the book explains how to stay rich and recaps opening points addressed to idlers and the hesitant:
- Commit or don’t Commit – No Half-Measures
- Cut Loose From All Negative Influences
- Choose the Right Mountain
- Fear Nothing
- Start Now
- Go!
Serious Advice and a Good Read
Felix Dennis’s writing in How To Get Rich is breezy anda good read without being lightweight. There is much solid advice and it must be one of the best books on how to make money. Anyone who follows the advice will have a good opportunity of making money but there are no guarantees.
The reviewer bought two copies and gave them to his children.
How To Get Rich (ISBN: 978-0-0919-1265-9) by Felix Dennis is published in hardback by Ebury Press at £16.99. It is also available in paperback.
How to Get Rich, Felix Dennis - Cover
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