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How to Get Rich: One of the World's Greatest Entrepreneurs Shares His Secrets Paperback – May 26, 2009
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From Publishers Weekly
This is not your usual get-rich-quick manual. Though Dennis, a poet (When Jack Sued Jill: Nursery Rhymes for Modern Times) and the founder of a publishing empire (including Maxim magazine), wants to help the reader rank at least among the lesser rich (equal to a net worth of $30 million–$80 million by his definition), he isn't himself motivated by money. With his own fortune estimated at between $400 million and $900 million, he doesn't have to be. Instead, Dennis wants to demystify the money-getting process, and his straight-talking, honest advice makes a refreshing change in this oversaturated field. Using humorous examples from his own business life, Dennis's advice, from The Five Most Common Start-Up Errors to The Power of Focus, might sound like conventional fare, but delivered in his signature bawdy, British style, it's altogether more entertaining—and more practical. Dennis highlights the right strategies and mindset to get readers their millions, but he won't air-brush his story or soften the bitter truth along the way. As he says, when it comes to acquiring wealth, being a bit of a shit helps. (June)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to an out of print or unavailable edition of this title.
Imagine an audio with a thundering Charlton Heston–type voice imploring all listeners to fear nothing and no one. That’s the essence of British poet (A Glass Half Full, 2002, and Lone Wolf, 2004) and magazine publisher Dennis’ advice on getting—and staying—rich. Inspirational to the nth degree, Dennis launches his entertaining and anecdote-filled memoir-narrative with a definition of rich, from two tables showing the comfortable poor to the superrich in wealth, either measured by cash in hand/quickly realizable assets or wealth in true net worth. ($2.4 million, in the latter category, by the way, classifies you as the comfortable poor.) He then deliberately destroys every getting-rich myth extant. There is no great idea (witness Ray Kroc and the founding of McDonald’s). And there is no luck or accident in accumulating wealth—just plain hard work and smarts. His other rules? Focus, sell before you need to, and hire talent smarter than you (among others). Common sense abounds, as do stories and snippets of T. S. Eliot, Samuel Beckett, and others, befitting a poet and a self-made man. --Barbara Jacobs --This text refers to an out of print or unavailable edition of this title.
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My only big complaint is that I think a lot of what Felix Dennis did to get rich does not necessarily apply in businesses that require a bit more brainpower--like software or technology vs. printing words and pictures on paper and finding people to buy it. Regardless, this book is pure gold--if not a bit obvious to some of us who have been around the block but are still merely "comfortably poor."
I also wonder if Felix would change his opinion on Steve Jobs as he wrote it in this book circa 2006. Since the printing of this book, Jobs has transformed the entire mobile and consumer electronics industry with the iPhone and toppled Microsoft in market cap. Perhaps Felix's skeptical tone is different today.
Definitely give it a read!
This book opened my eyes about the employee-owner relationship. I've been an employee most of my life, and I no longer wish to be mere "talent" that will be exploited by the owners. That's how much of my life has been so far ... what Dennis writes about accurately describes my experiences as an employee. And why be an employee? I'd rather be an owner.
I ran my own semi-successful business for two years. Then I became an employee again, for 4 years. I'm going to give entrepreneurship another go.
This book is about making money, about death, about what matters, about conquering fear.
If you have no interest at all in becoming rich, this book still has value because of the life lessons it contains.
This book is among my favorite business books. I recommend it. Here are my favorite business books:
"How to Get Rich"
"Screw It, Just Do It" by Richard Branson.
"Anything You Want" by Derek Sivers
"The E-Myth" by Michael Gerber
I especially recall two points from the book that I want to share with other readers.
Dennis was broke and unemployed and ended up becoming a successful self-made millionaire. His book is the fascinating and hopeful story of how he did it, through TAKING ACTION, rather than just dreaming and talking.
The other really useful thing is that he discusses how and why one passes through the stage of reckless hedonistic living with lots of cash. He says that it happens to most people, but he advises that a lot of mistakes get made at this juncture in one's life, and that one should endeavor to get through this stage and back on track as soon as possible, and take care to not get permanently stuck there.
This book is an excellent read and contains great entertaining narrative, honest relation of previous mistakes and folly, and a great summation of the wisdom acquired on the journey to benefit readers.
I recommend this book to anyone looking for adventure and great riches. But beware! This is no get rich quick scheme nor is it going to make you feel all warm and fuzzy inside. It is only a guide from a man who has traveled and survived the treacherous road to riches!
This book might talk some out of the fantasy of riches, for those that it does not, you will certainly have a better idea of the road ahead.
Felix Dennis said that had he not made the mistakes he outlines in his book, he could have been a millionaire by age 25 instead of age 32.