Art of Money Getting, Or, Golden Rules for Making Money

He uses great nineteenth century examples as to how we can apply these rules to everyday life. The rules Barnum brings up in this quick read are essential, but I did not discover anything surprising that I have not heard before. The book seemed more of a re The Art of Money Getting is composed of the golden rules Barnum conveys to making money and how to personally be successful. The book seemed more of a reminder of what I should be doing to make money.

However, my favorite part was when Barnum mentioned to avoid debt at all costs except if you can turn the purchase into a profit. This relates to why I chose to go to college. I am in debt now and will have loans to pay off, but my future salary will exceed what I am making if I did not go to college therefore I have a high return on my investment. This book can be applied to what I have learned in microeconomics because it discusses opportunity coast and specialization.

The Art of Money Getting: Golden Rules for Making Money

Barnum tells a story about a traveling man and a hostess. The hostess believes she is saving money by not buying extra candles, but the opportunity cost is she is giving up the knowledge her and her guests could obtain from reading in the evening. Barnum says the knowledge far outweighs the price of the candles. In micro we talked about how countries should specialize in the product in which they have a comparative advantage.

I can relate to saving my money on a few things and that later becomes my excuse for why I can spend even more money than I saved. Overall, The Art of Money Getting was a good reminder of how one can be more successful throughout their life. Apr 08, Thomas Orbash rated it it was amazing. Barnum is a great guide that should be read by every young spender.

The book offers many explanations on how to spend the money you have, and how to do so efficiently and effectively in order to live the spender's best life. The explanations are then followed with examples, which makes the multiple topics easier to understand and more relatable to the readers. The first thing that stuck out to me in the text was a paragraph saying that people often save money just The Art of Money Getting by P.

The first thing that stuck out to me in the text was a paragraph saying that people often save money just to spend it in larger amounts at later times.

The Art of Money Getting, 20 Golden Rules

If citizens are able to resist spending their savings, they will be more successful in life. Barnum offers many reasons as to why people spend money in access, but his main theory is it is due to greed and jealousy. When people see others with nice and expensive tangible goods, we tend to want those same luxury's. This is not an efficient way of spending however, and this method will quickly accumulate to big losses. Another main topic of Barnums's book was to always have your income exceed your out-go.

If not, debt will be accumulated which is another one of the topics Barnum wrote about that will ruin the spender. In order for your income to exceed your out-go, it is important to work hard. If you want to be successful, you have to work harder than your competition. Overall, Barnum's book was a great read. Money is something that must be obtained throughout everyone's lives, but knowing how to correctly use that money is possibly more important than the process of earning it. This book gives a great advantage to those who read it when it comes how to correctly use your money.

Apr 09, Alexis Rupert rated it really liked it. Barnum, is a very noble, helpful and inspiring read, still until this day. Barnum is basically listing out the different ways he believes are helpful to not only getting but attaining money as well, while going into detail as how to do such. The way he gets his point across in the book is surprisingly relatable, often telling stories that almost anyone can relate to.

His main point in regards to obtaining money is that there are a lot of ways in which one needs to be smart in how they go about and what they do with the money they receive. It seems that in sectioning off his book in that way, he wanted to make it easier for people to find the section that best applies to the circumstance they are currently in. Even though the way this book is written may not come off as being completely economical, there are strategies of economics all throughout this book.

Barnum is able to explain it in way that simplifies it for the average person. What I was able to take away the most from this short read was that the art of getting money is not one that will happen overnight or without perseverance. Making money is a skill that deserves as much time and effort as you would put in anything else in life.

I hope to keep many of these lessons mentioned in this book with me for years to come. This book was well worth the read and I would recommend to anyone who wants to be better off financially or who wants to properly learn how to handle their money. Apr 03, Katie Ryder rated it liked it. Despite being written in , many of the tips hold up in the modern economy.

The title may imply that this is a financial planning or get rich quick kind of book, but it is actually much more broad and accessible to the general population. No talk of stocks and Roth IRAs, simply a set of rules to take into account when trying to grow a business or accumulate wealth over time. I found that some of the points made were interesting and beneficial, but many of the chapters were redundant, common sense, or out of date. There were some sections, however, that seemed to be unnecessary.

There were some quotes sprinkled throughout that made the read more enjoyable and that I think are worth remembering. I thought that these pieces of advice were helpful and quickly summed up a lot of the rest of the book. Apr 08, Tate rated it really liked it. Barnum is a helpful guide on how to get money.

The book is all about how people should save, acquire, and keep money rather than lose it. Throughout the story, the author uses examples and situations to get his point across and is able to do The Art of Money Getting: Throughout the story, the author uses examples and situations to get his point across and is able to do so in a very persuasive way.

The author uses quotes and applies these quotes to real world situations, helping the audience understand where he is coming from and what his point is. After Barnum states his beliefs and knowledge upon money and the economy, he turns the rest of the book into a step plan for the reader on how to make and preserve your money. Although the step plan revolves around money, there is more to it than just that. The step plan involves utilizing your strengths, doing things to the best of your capabilities and finding what you are good at.

I do not believe that there are an exact set of rules or steps to follow to become a successful or wealthy person, but this book certainly helps increase your odds. The biggest takeaway I had from this book is why people care about money so much.

Yes, money is needed to buy food, water and shelter, but besides the necessities, why is money so important. In this book an example is given where one neighbor wants to buy something just to prove to his other neighbor that he too, is wealthy. This example makes me question whether we want money for ourselves or whether we want money for others to see. Apr 09, Ryan rated it it was amazing.

The Art of Money Getting is a piece by P. Barnum, originally published in the late 19th century, specifically in Barnum uses these real life examples to relate to the reader and to get them to understand where Barnum is coming from. I relate to the book because the language used is mostly contemporary. The guidelines he uses are great advice to someone who is constantly looking to make money and keep it to gain wealth.

Apr 08, Kezia Padmadjaja rated it really liked it. The Art of Money Making is a good and easy read. It was written by P. T Barnum, an American showman and businessman, in After his bankruptcy, he started giving lectures about the art of money making, which helped him earned income to help recover from bankruptcy. It is about how to make money and what steps are necessary to succeed. For example, he mentions that we need to learn something useful and The Art of Money Making is a good and easy read. For example, he mentions that we need to learn something useful and to do the thing the do with all of our might.

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A lot of times it not only takes motivation to succeed but also discipline and perseverance. One of the quotes that struck me was when P. I feel that it is important to always stay grounded, and not to lose ourselves while trying to find ourselves. Apr 07, Daniel Downie rated it really liked it. I thoroughly enjoyed P. Golden Rules for Making Money". He was known as being the greatest showman on earth for his wacky, weird, and outrageous shows he performed. T Barnum, I believe, was clever by making his fortune not with his hands but with his brain tricks he performed that affected everyone in his audience.

For example, one trick was with the monkey he dressed up as a mermaid. This weird visual called people to his shows and they paid for wanting t I thoroughly enjoyed P. He used the minds of individuals to make his money in smart and sly ways. This book is composed of his twenty golden rules for making money and being successful in the business world. One of the twenty golden rules is Avoiding debt by an means possible. He goes through different points in the book that explain how to be successful in life.

Although this book was written in and published back in a lot of P. T Barnum rules still are applicable to today's world. He believed that people needed to stop acting like they knew about economics when in fact they really didn't. T Barnum states that "money making is easy. However, managing money is the point where things get pointy. This books relates to economics because of how it talks about the opportunity costs of being able to read in the evenings and the knowledge obtained from it far out-weighs the price of the candles. Mar 24, Jacqueline Stapleton rated it really liked it.

The Art of Money Getting lays out 20 tips on how to make money and keep it. The book lays out rules for people to follow if they want to be successful in business and keep their fortune. Many persons naturally look on the dark side of life, and borrow trouble. They are born so. Then they ask for advice, and they will be governed by one wind and blown by another, and cannot rely upon themselves.

Until we can get so that we can rely upon ourselves, we cannot expect to achieve our potential. Work at it, if necessary, early and late, in season and out of season, not leaving a stone unturned, and never deferring for a single hour that which can be done just as well now. The old proverb is full of truth and meaning, "Whatever is worth doing at all, is worth doing well.

Ambition, energy, industry, perseverance, are indispensable requisites for success in business. Fortune always favors the brave, and never helps a man who does not help himself. Stay Meaningfully Involved in Operations. The eye of the employer is often worth more than the hands of a dozen employees.

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We must exercise caution in laying our plans, but be bold in carrying them out. A person who is all caution, will never dare to take hold and be successful; and a person who is all boldness, is merely reckless, and must eventually fail. Use the Best Tools. Persons hiring employees should be careful to get the best. Understand, we cannot have too good tools to work with, and there is no tool we should be so particular about as living tools.

If we get a good employee, it is better to keep them, than to keep changing. A good employee learns something every day; and we are benefited by the experience our employees acquire. There is no greater mistake than when a young person believes he or she will succeed with borrowed money.

Because every person's experience coincides with that of Mr. Astor, who said, "it was more difficult for him to accumulate his first thousand dollars, than all the succeeding millions that made up his colossal fortune. Let your motto then always be 'Excelsior,' for by living up to it there is no such word as fail. Learn a Useful Trade. Every parent should make his or her son or daughter learn some useful trade or profession, so that in these days of changing fortunes of rich today and poor tomorrow they may have something tangible to fall back upon. This provision might save many persons from misery, who by some unexpected turn of fortune have lost all their means.

Many persons are always kept poor, because they are too visionary. Every project looks to them like certain success, and therefore they keep changing from one business to another, always in hot water, always "under the harrow. Engage in one kind of business only, and stick to it faithfully until you succeed, or until our experience shows that we should abandon it. Barnum, The Art of Money Getting: Golden Rules for Making Money. A person cannot accumulate a fortune very well when he is sick.

There is scarcely anything that drags a person down like debt. It is a slavish position to get ill, yet we find many a young man, hardly out of his "teens," running in debt. He meets a chum and says, "Look at this: I have got trusted for a new suit of clothes. Debt robs a man of his self-respect, and makes him almost despise himself.