IT’S IMPOSSIBLE To Stay POOR if you do THIS every day | Andrew Carnegie | Big Money Investing Review
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did you know that according to Forbes 70% of billionaires built their fortunes from the ground up this means that most of the people didn’t inherit their wealth but created it themselves Andrew Carnegie is one such person a poor immigrant from Scotland he proves by his own example the potential of any person from any family and any social background today he’s considered one of the greatest business Minds in history what’s even better is that Carnegie was always willing to share his tips on how to reach the same Financial Heights and today I’ll share his best advice with you Andrew Carnegie was born in Scotland in 1835 to the family of a bankrupt Weaver and immigrated to the United States as a young boy despite having only a year or two of schooling he worked his way up from a simple textile factory worker to a railroad superintendent then became a steel tycoon and ultimately the world’s wealthiest man Carnegie’s significant contributions to the development of science astrophysics biology ology and Engineering earned him the nickname the businessman from the future dozens of public organizations and charitable trusts have been named after this famous entrepreneur his wealth funded the construction of the peace Palace in the ha and Carnegie Hall in New York City the steel tycoons grants supported Sigman Freud’s scientific research astrophysicists work that discovered the expansion of the universe biologists studies of DNA structure and Engineers creation of radar his money also built an observatory in California where new planets in the solar system were discovered Carnegie was frequently asked how do you make a fortune and he always enjoyed answering the power of mental toughness and optimism in his early years Carnegie and his family lived in Scotland the family earned money through a hand operated loom for producing linen however when the Revolutionary steam powered Loom was introduced Andrew’s father struggled to adapt quickly eventually the value of the work on their looms dropped Sharp as a result Carnegie experienced the harsh realities of poverty firsthand seeking better prospects the family decided to leave their Homeland and move to the United States upon arrival 13-year-old Carnegie and his father found work at a cotton mill Andrew began his journey to success as a bobin boy earning a modest sum of $120 per week performing errands and tending to Machinery Carnegie had to get up before sunrise and didn’t leave work until sunset he found solace in invoking the spirit of his hero Scottish Knight and military leader William Wallace when faced with challenges Andrew would ask himself what would Wallace do and immediately answer William Wallace never gave up in his autobiography the billionaire wrotes my hopes were high and I looked every day for some change to take place what the change was to be I didn’t know but I felt certain if I kept on it would happen Carnegie approached his role as a bobin boy with an unwavering determination to make make the best of his current circumstances he didn’t know how to get rich from scratch but he knew hard work usually paid off Carnegie understood that by excelling in his current position he could draw attention to his efforts and pave the way for advancement and eventually that’s exactly what happened and all of this became possible due to his optimism and unbreakable spirit always do your best Andrew Carnegie once said every boy should be to do something beyond the sphere of his duties something which attracts the attention of those over him in other words the future entrepreneur understood that simply doing his job wasn’t enough to achieve success in life he recognized the importance of finding ways to go above and beyond expectations for example after getting a job as a telegraph messenger Carnegie decided to learn how to recognize Telegraph Sounds by ear enabling him to translate them without relying on reading the accompanying paper slip this unique skill showcased his commitment to continuous learning and made him Stand Out Among his colleagues recognizing his exceptional Talent Carnegie’s employers rewarded him by promoting him to the esteemed operator position allowing him to continue to learn and advance in his career always do your best and even more on your journey to success push your abilities to the Limit and exceed expectations continuous learning and self-improvement despite not having a formal education Carnegie was an Avid Reader and a strong advocate for continuous learning he recognized that knowledge was his most valuable asset and sought to acquire it through books mentorship and personal experiences his thirst for knowledge allowed him to stay ahead of his competitors and adapt to the rapidly changing business World a great example is how he outpaced his competitors by adopting new technologies in the steel industry during the late 19th century the steel industry underwent rapid advancements with new processes and Technologies emerging that could revolutionize production Carnegie recognized the importance of staying up to date with these advancements and sought to acquire knowledge that would allow him to adapt and succeed in changing conditions the future billionaire eagerly read scientific and technical literature to stay updated on the latest eventss in steel production this self-education helped him understand the potential benefits of adopting new technologies and their impact on business Beyond books Carnegie sought mentorship from industry experts he actively engaged with Engineers chemists and other industry professionals exchanging ideas and learning from their experience his thirst for knowledge and commitment to learning allowed him to foresee and Implement cuttingedge Technologies one example was the besser process for Mass steel production by implementing this revolutionary process in his Mills he dramatically increased efficiency and lowered production costs giving him a significant competitive advantage over his competitors remember to continually improve your skills this will Propel you forward the power of investing a pivotal moment in Andrew Carnegie’s life occurred when his first Mentor Mr Scott presented him with an opportunity to make an investment recognizing the value of this chance Carnegie was determined not to let it slip away after securing the necessary funds he acquired 10 shares the impact of this decision became Crystal Clear when one morning he found a white envelope on his desk filled with curiosity he opened it and discovered a $10 check Carnegie would remember this moment for the rest of his life it was the first tangible return on his investment income he had earned not through his physical labor in this exciting moment the entrepreneur exclaimed Eureka here’s the goose that lays the golden egg this experience taught Carnegie a profound lesson about the power of investing it showed him that by deploying Capital One could unlock a source of income that went beyond the limitations of personal effort the check symbolized the beginning of a new chapter in the entrepreneur’s financial Journey a journey where his wealth could grow exponentially regardless of his direct labor Having learned this lesson the future billionaire became an ardan advocate for investing he recognized that through intelligent deployment of capital and wise financial decisions people could secure their financial future and create lasting wealth study this aspect of finance and unlock a world of true wealth be first the first man gets the oyster the second man gets the shell always be first wrot the billionaire Carnegie’s life experience demonstrates the importance of this rule at one point he recognized that investing in a company involved in railroad construction and Freight transport would be a profitable move despite the huge risks he invested all his own and borrowed money in the end his initial $50,000 investment turned into $630,000 in 6 months this example clearly shows how crucial it is to be first and to know exactly where to invest to multiply your money Carnegie was one of the Pioneers in railroad construction which naturally led to a significant profit risk also plays an important role being the first to find an idea Gathering the necessary funds and ultimately not being afraid to take that risk these are the rules that lead to getting the oyster not the shell this advice applies to all areas of life especially in business and finance I identifying and seizing that untapped Niche that will generate income is one of the key tasks for those who have become wealthy or are on their way to it follow the rule of 9/10 this story changed the course of Carnegie’s life it’s about an elderly man whose life had been filled with tragic events people in the town felt sorry for him but the old man would reply yes my friends all that you say is true I have had a long life full of troubles but there is one curious fact about them 9/10 of them never happened from this Carnegie realized that most of the problems and doubts that worry us don’t actually exist our minds tend to imagine the worst case scenarios and react accordingly but in reality most of those negative outcomes never come to pass and even if they do things often turn out to be not as bad as they seemed by reminding himself of the 910 rule Carnegie freed himself from the fear of the unknown and was able to take the risks necessary for achieving great success catch the flash of lightning when Carnegie was interviewed for his first job the interviewer asked how soon he could start most people would need a few weeks to begin a new role but Carnegie said I can start right now it would have been a great mistake not to seize the opportunity the billionaire wrote the position was offered to me something might occur some other boy might be sent for having got myself in I proposed to stay there if I could Carnegie didn’t hesitate he preferred to act quickly and risk something minor rather than delay and risk losing the opportunity entirely and this rule worked in Reverse too when Carnegie realized he had lost interest in a company he owned shares in he immediately proposed to his partner that they sell all their stock his partner responded that he didn’t think they needed to rush to which Carnegie replied do it right now this proved to be the right decision as the company soon went bankrupt of course it’s important to study the facts but when a real opportunity arises don’t risk letting it pass as Carnegie would say catch the flash of lightning determine exactly how much money you want to have simply saying I want a lot of money isn’t enough be precise and specific the universe responds to our desires but it’s important to clearly Express what we want if you ask most people how much money do you want to have the answer will likely be a lot sadly most of these people will be left with just your dreams clearly Define your goals and plans Precision matters here because different people have different ideas of what a lot of money means figure out exactly what you need and what you want in life don’t just pick a random number saying I want a million might not be the best approach either if you want an apartment a car and maybe even a house that’s one amount but if you aim to own a big business those are entirely different figures the effort you’ll need to put in to reach your goals depends dep on your desires our desires change over time of course Carnegie for example started with a salary of $120 per week and his initial goal was to earn $27 days he didn’t immediately wish for millions and billions but gradually set bigger and bigger goals once to double your income clearly Define why you need the money once you have a clear goal start working toward it set a specific deadline we’ve already decided how much money we’d like to have but it’s equally important to set a specific date for achieving the goal the universe needs to clearly understand exactly what you mean imagine this two friends want to achieve the same goal let’s say learning Chinese they both Express this desire the difference is that one simply says I want to learn Chinese while the other specifies I want to learn Chinese by new years’s I have four months to do it in the first case the person has stated a wish at first he’ll be excited and starts studying enthusiastically but gradually as his interest wains his efforts will too sooner or later he’ll think I can skip today it’s no big deal I studied a lot yesterday and the day will be missed then these Miss days will happen more and more often until finally the learning stops altogether as you can see the person had a specific desire he expressed it and started to act but he had no plan he was moving towards the goal blindly and didn’t set the time for when he wanted to achieve it in the second case the desire to learn Chinese has transformed into a goal with a deadline the line is thin but the difference is huge in the first case we have a wish similar to what children make on New Year’s Eve in the second case it’s an adult game set specific goals and dates for yourself the universe loves specifics The Law of Attraction kicks in precisely when you clearly desire something I wish you absolute success like the this video If You’re Fired Up about wealth and make sure to subscribe to the channel by doing so you’re supporting my efforts this is the money Channel you will get richerWelcome to Big Money Investing – Your Ultimate Destination for In The Money Facts!
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