The Art Of Money Getting By P. T. Barnum

DON’T INDORSE WITHOUT SECURITY

  • Never indorse/cosign to anyone. If you do, indorse what you can afford to lose.
  • When you indorse you make it easy for people to get money without any effort, without any inconvenience to themselves, men who get money with too easily cannot succeed. 
  • You must get the first dollars by hard knocks, and at some sacrifice, in order to appreciate the value of those dollars.

Daniel S. Peña Sr. in his book Your First 100 million said a Guarantor is “a fool with a pen” 

If you don’t advertise your business no one will know about it and you will have no return no matter how good it is.

The more you ‘sow’ publicly in terms of advertising, the more you ‘reap’

To succeed in your art of money getting, don’t stop advertising until the public understands what you are selling, stopping short before you have imparted the public with needed information results in losing all the money you have spent advertising.

BE POLITE AND KIND TO YOUR CUSTOMERS

Politeness and civility are the best capital ever invested in the business. The more kind and liberal a man is, the more generous will be the patronage bestowed upon him. The man who gives the greatest amount of goods of a corresponding quality for the least sum (still reserving for himself a profit) will generally succeed best in the long run.

People don’t like to pay and get kicked also.

BE CHARITABLE

The best kind of charity is to help those who are willing to help themselves. Promiscuous almsgiving, without inquiring into the worthiness of the applicant, is bad in every sense. But to search out and quietly assist those who are struggling for themselves, is the kind that “scattereth and yet increaseth,” as Bibles says.

But don’t fall into the idea that some person practice, of giving a prayer instead of a potato, and a benediction instead of bread, to the hungry. It is easier to make Christians with full stomachs than empty.

DON’T BLAB

  • Some men have a foolish habit of telling their business secrets. If they make money they like to tell their neighbors how it was done.
  • Say nothing about your profits, your hopes, your expectations, your intentions.
  • If you are losing money, be especially cautious and not tell of it, or you will lose your reputation.

PRESERVE YOUR INTEGRITY

In the art of money getting integrity is more precious than diamonds or rubies.

“Strict honesty, not only lies at the foundation of all success in life (financially) but in every other respect. Uncompromising integrity of character is invaluable. It secures to its possessor a peace and joy which cannot be attained without it.

A man who is known to be strictly honest maybe ever so poor, but he has the purses of all the community at his disposal—for all know that if he promises to return what he borrows, he will never disappoint them.

Make money honestly, and not otherwise.

The Art Of Money Getting: Golden Rules for Making Money by P. T. Barnum was Originally published in 1880 and republished by CreateSpace Independent Publishing Platform in 2015 and has 82 pages.

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