Barnum was a master copywriter so he advocates for advertising your business and he says that it takes a person seven times to see an ad before making a purchase. People want to feel like they know you and trust you before making a purchase. Please let me know your thoughts in the comments section below. If you enjoyed this post, please share it.
Barnum Written by Himself P. Video: Humbug — The Art of P. Life of P. I am also a published author, writer, expert interviewer and the host of the Strategic Reading Challenge, a movement to help participants get the 10 skills needed for future jobs.
What is The Art of Money Getting or Golden Rules for Making Money by PT Barnum About?
Sign-up for the Strategic Reading Challenge Mission today! Share 7. Share 1. Hello there! Mar 28, Jared Rourke rated it liked it. This book is written in the format of listing the golden rules for making money according to PT Barnum. Even though the book is written from the perspective of an earlier time, the terminology was not difficult to apply to today.
But it th This book is written in the format of listing the golden rules for making money according to PT Barnum. Examples were given of saving on many small expenses that make it feel like you are trying to save more money, when many people that do that end up spending more on one thing that is something much more expensive that they could do without.
The introduction also says that some of the worst reasons people spend more money than they have are due to what can be called sinful behaviors. They want to keep up with their neighbors and be seen as successful, or they have bad habits like tobacco that cost money and ruins their health, or they drink too much that not only cost money and ruins their health but also does not let them think clearly. Some of the rules seemed to overlap in their point and some reminded me of the golden rules to live by, not just rules to make money.
Choose the right vocation- the book says that everyone is born with the inclination and genius to be in a certain profession.
The Art of Money Getting or Golden Rules for Making Money by PT Barnum a Book Review
This I think we all can understand this one. Avoid debt-the books says it is difficult to work hard for something you already have. Debt also cost you every day in interest no matter how hard or easy you are working that day. Work Hard-the book says you should continue to learn and making mistakes is good because you learn from them. Use the best tools-value your employees and what they are learning.
Learn something useful-the book says to have a skill to fall back on in hard times. Let Hope PreDominate Do not scatter your powers-the book says to stick to the one business you know and give it all of your attention. Be systematic-the books stresses the importance of keeping on a schedule, keeping appointments, finishing what you started, etc. Advertise-advertising uniquely and often so customers know you are there Be polite and kind to customers Be charitable Preserve Integrity-no amount of money can buy peace and once your integrity is compromised your opportunities to make money are gone Apr 08, Liam rated it it was amazing.
The Art of Money Getting by P. Barnum is a relatively short read that outlines 20 steps to having monetary success as well as business success. The book while it may have been written in , still contains many tips that are great for anyone to follow even in It is easy to imagine how the title of the book might cause people to believe that the book talks about "How to make money quick and easy" but let me just that this book is far from it and actually discusses physically making mone The Art of Money Getting by P.
While what Barnum says may seem unimportant due to it being common sense, it definitely makes you start to think about what he is saying and whether or not you're following these helpful tips in whatever current situation you are in and that was what kept my interest and made me want to read on see what other useful life tips he may be able to offer. While he did offer more tips, it is recommended to remember the time period this was written in and that some tips might not be as useful today as they were decades ago.
After reading the book and thinking about how what he says can be initiated in my world today, a quote stood out at the end that i feel is the most important which is, "The inordinate love of money, no doubt, may be and is "the root of all evil," but money itself, when properly used, is not only a "handy thing to have in the house," but affords the gratification of blessing our race by enabling its possessor to enlarge the scope of human happiness and human influence.
Apr 01, Anna Stinnett rated it really liked it. The Art of Money Getting is composed of the golden rules Barnum conveys to making money and how to personally be successful. His main point is that anyone can be successful if they are determined, have good habits, and understand the economy. He uses great nineteenth century examples as to how we can apply these rules to everyday life. The rules Barnum brings up in this quick read are essential, but I did not discover anything surprising that I have not heard before.
The book seemed more of a re The Art of Money Getting is composed of the golden rules Barnum conveys to making money and how to personally be successful. The book seemed more of a reminder of what I should be doing to make money.
- The Foundations of Management Knowledge: Examining Complex Relations Between Theory and Practice (Routledge Advances in Management and Business Studies);
- Introduction: The Art of Money Getting or Golden Rules for Making Money by PT Barnum.
- Negotiation : readings, exercises, and cases;
However, my favorite part was when Barnum mentioned to avoid debt at all costs except if you can turn the purchase into a profit. This relates to why I chose to go to college. I am in debt now and will have loans to pay off, but my future salary will exceed what I am making if I did not go to college therefore I have a high return on my investment. This book can be applied to what I have learned in microeconomics because it discusses opportunity coast and specialization.
Barnum tells a story about a traveling man and a hostess. The hostess believes she is saving money by not buying extra candles, but the opportunity cost is she is giving up the knowledge her and her guests could obtain from reading in the evening. Barnum says the knowledge far outweighs the price of the candles. In micro we talked about how countries should specialize in the product in which they have a comparative advantage.
I can relate to saving my money on a few things and that later becomes my excuse for why I can spend even more money than I saved. Overall, The Art of Money Getting was a good reminder of how one can be more successful throughout their life.
- The Art of Money Getting: Golden Rules for Making Money.
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Apr 09, Alexis Rupert rated it really liked it. Barnum, is a very noble, helpful and inspiring read, still until this day.
The Art of Money Getting: Golden Rules for Making Money by P.T. Barnum
Barnum is basically listing out the different ways he believes are helpful to not only getting but attaining money as well, while going into detail as how to do such. The way he gets his point across in the book is surprisingly relatable, often telling stories that almost anyone can relate to. His main point in regards to obtaining money is that there are a lot of ways in which one needs to be smart in how they go about and what they do with the money they receive.
It seems that in sectioning off his book in that way, he wanted to make it easier for people to find the section that best applies to the circumstance they are currently in.
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Even though the way this book is written may not come off as being completely economical, there are strategies of economics all throughout this book. Barnum is able to explain it in way that simplifies it for the average person. What I was able to take away the most from this short read was that the art of getting money is not one that will happen overnight or without perseverance. Making money is a skill that deserves as much time and effort as you would put in anything else in life. I hope to keep many of these lessons mentioned in this book with me for years to come.
This book was well worth the read and I would recommend to anyone who wants to be better off financially or who wants to properly learn how to handle their money.
Apr 03, Katie Ryder rated it liked it. Despite being written in , many of the tips hold up in the modern economy. The title may imply that this is a financial planning or get rich quick kind of book, but it is actually much more broad and accessible to the general population. No talk of stocks and Roth IRAs, simply a set of rules to take into account when trying to grow a business or accumulate wealth over time.
I found that some of the points made were interesting and beneficial, but many of the chapters were redundant, common sense, or out of date. There were some sections, however, that seemed to be unnecessary. There were some quotes sprinkled throughout that made the read more enjoyable and that I think are worth remembering.