The Richest Man in Town: The Twelve Commandments of Wealth
W. Randall Jones
Format: PDF / Kindle (mobi) / ePub
Secretly, if not overtly, almost everyone in
But now W. Randall Jones, the founder of Worth magazine, is about to change all that. He's traveled to one hundred different towns and cities across the country and interviewed the wealthiest resident in each. No, these are not those folks who inherited their wealth, or happen to be a CEO of a Fortune 500 company. Rather, these are the self-made types who, through hard work and ingenuity, found their own individual paths to financial success.
Remarkably, during his research, Jones found that these successful people were not so different from one another. They all shared many of the same traits and followed what the author calls the Twelve Commandments of Wealth: stay hungry (even when you're successful) . . . you really do learn more from failing than you may think . . . absolutely be your own boss, the sooner the better . . . understand that selling is the key to success . . . where you live doesn't matter . . . never retire, and other, more surprising revelations.
Practical, unique, and inspiring, this book lets you peek inside the living rooms of dozens of
full life that I envisioned. Try it. Write your own obituary. As odd as it sounds, I predict it will actually make you feel better. It will focus your efforts, force you to take the long view, and most likely cause you to change some things in your life. Here’s how. How to Write Your Own Obituary Begin at the beginning—when and where you were born. Think about your most meaningful childhood memories and the greatest lessons of your formative years. Think about your high school and college
pays to be a little paranoid.” That’s why billionaire Andy Grove, senior adviser to Executive Management and former chairman of the board of Intel Corporation, wrote his book Only the Paranoid Survive. According to Grove (who, by the way, is not the richest man in San Francisco with a net worth of $4 billion—Larry Page of Google fame is), “Every leader will eventually reach a nightmare moment—when massive change occurs and a company must, virtually overnight, adapt or fall by the wayside.” He
fortunate to have a roommate whom he labels a rare genius. Sanders knew that he could not catch up to his friend in engineering or physics, so it gave him a powerful motivation to achieve an even greater level of success in business. His silent goal (see RMIT Commandment #6) was to show his roommate, and his fellow students, that he could make it big in the business world. “My environment was a propulsion mechanism for me,” he says. Playing in the big leagues forces you to raise your game, and
from the best. • No matter its source, a good idea is a good idea. • Read biographies of the best and brightest (and richest). • Seek the counsel of wise people wherever you can find them. • If we’re wise and observe carefully, we can learn from the mistakes of even the most successful people. RMIT COMMANDMENT #12 NEVER RETIRE Find something you truly love to do and retire for the rest of your life. —James Hartley Click Sr. (father of Tucson RMIT Jim Click) Based on what you
jam and I had to ask her to go to work, even though we had four kids at home. She never once complained. She just did it.” Iowa’s chemical king, Dennis Albaugh, recalls that when he applied for his first $10,000 SBA (Small Business Association) loan, his wife had to agree to second-mortgage their house. The local bankers actually came to their home and explained to Susan that the bank would have to take their house if Albaugh’s business went bust. She promptly co-signed the note, and many