manage and multiply wealth

How To Create, Manage And Multiply Wealth By J. Paul Getty

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The multi-billion dollar oil mogul has the following to say about creating, managing and multiplying wealth. This philosophy of his made him the person he is.

1. “Once you have made it, you will understand that any business is limited in the challenges it offers. You will want and need other games to play, so you will look ffor other ventures to hold your interest.”

2. “Patience; this is the greatest business asset. Wait for the right time to make your moves.”

3. “Build wealth as a by product of your business success. If wealth is your only objective in business, you will probably fail.”

4. “Seek advice on risk from the wealthy who still take risks, not friends who dare nothing more than a football bet.”

5. “You must take risks both with your own money or with borrowed money. Risk taking is essential to business growth.”

6. “To build wealth today, you must be in your own business.”

7. “I have no complex about wealth, I have worked very hard for my money, producing things people need.”

8. “Buy when everyone else is selling and hold when everyone else is buying. This is not merely catchy slogan, it is the very essence of successful investments.”

9. “Money is like manure. You have to spread it aroundd or it smells.”

10. “Formula for success: rise early, work hard, strike oil.”

11. “If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s bank’s problem.”

12. “Going to work for a large company is like getting on a train. Are you going sixty miles an hour and you’re just sitting still.”

13. “If you can count your money, you don’t have a billion dollars.”

14. “To succeed in business, to reach the top, an individual must know all it is possible to know about the business.”

15. “The employer generally gets the employees he deserves.”

16. “No one can possibly achieve any real and lasting success or ‘get rich’ in business by being a conformist.”

17. “In times of rapid change, experiences could be your worst enemy.”