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How to Get Rich: One of the World's Greatest Entrepreneurs Shares His Secrets
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Wow. Dennis certainly spells out the cost of getting rich: you need persistence, tunnel-vision and relentless drive, you must sacrifice ALL leisure time, relationships and security.
Most of the other get-rich books I've read try to make it seem much easier than it really is, glossing over the vital information Dennis provides. Dennis is so much more truthful than the likes of Kiyosaki, Trump and Robbins. I am now, at last, prepared to settle for comfortable because - like the silent majority - I never want to become obsessed, to have my life taken over. But, if someone is already an addictive personality, why not choose getting rich instead of whatever substance or process they're currently abusing?
However, it's also worth reading "The Millionaire Mind" and "Automatic Millionaire" for other takes on getting rich. Those books detail gentler, proven ways of becoming comfortable (a few million) as opposed to the obsession required to become really rich (tens or hundreds of millions).
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This book really focuses on it's title, i.e. getting rich.
It's not written with some sort of teaching methodology. It's purely honest and wise advice stemming from someone who traveled the long road to getting rich. You will read about riches, failure and luck, character/personality strengths, negotiation and delegation, how to start and run your business... Everything straight from Felix's experience.
It's simple, it's clear and it's realistic, it doesn't beat about the bush. Plus it is interspersed with anecdotes, funny comments and poetic bits which make it a really pleasant read. You will learn and enjoy!
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I first became aware of this book when it was reviewed in The Sunday Times. My first thought was, what an awful book that sounds. Such a naff title. And look at the bloke who's written it...
How wrong could I have been?! I finished the article and thought, "well actually that sounds quite interesting". Then a few months later I was ordering a pile of books to take on holiday (South of France of course - good place to read it - with all that money down there).
This is such a great book; written by someone who has actually "done it" and is still doing it when he could easily be sitting back and retiring.
Honestly, I could not put it down, it was so entertaining. Felix tells us about his own past - business and personal - with frankness that most people (including me) would not have the guts to even consider.
The book is superbly written and contains some of Felix's poetry which by the way is of a very high quality. You have to take your hat off to a man who has made it by building his own business and who then devotes his time and money to writing poetry and planting trees. I do. Much more commendable than wasting it on gin palaces and jets etc.
Lastly, for those of you who want advice on business, it contains stacks of that. I thought the book was such a good read that I bought ten copies to give to friends and family for Christmas presents.
Buy it! This should still be at the top of the business bestseller list. Much much better than some of that other questionable stuff that seems to linger up there for so long.
And, thanks to Felix for writing such an honest book. I take my hat off to you.
PS. The holiday was on a campsite by the way! A good one though. Thoroughly recommend. http://www.lesnaiades.co.uk/ near St Tropez. I have happy memories of lying by the 50m pool each day reading Felix's book and quoting it out loud to my other half.
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An inspiring, truthful, brilliant book. No nonsense, straight from the horses mouth, which tells it how it really is.
Thank you Felix, finally the book I've always been looking for...
The only thing it can't do, is be less than perfect...
Quite BRILLIANT!!!!!!!
Thanks again
GM
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I have just finished a very interesting book by Felix Dennis, called "How to get rich". He calls it, and I agree with him, an anti-self help book. It's a book about what its really like to get rich and how to do it.
I don't agree with everything Felix says, especially in my field of work in IT, about how to grow and build a business to make real wealth - mainly the part where he insists you own 100% of your business. In my case this is a practical impossibility unless you are very rich to start out, as you need large amounts of money to build a world class IT business. In order to raise money you usually need to trade equity for capital.
However, in most of the rest of his assertions which are pretty focused on his area of expertise in publishing and mail order I would agree with him.
The core things I learned from this (or he reminded me what I already knew) where that to succeed in any endeavour to an extreme (i.e. to get really rich) you need to be an extremist. You need an internal drive that will never be diminished. Desire is not an option.
In order to actually make it past the point of good or great, to insanely successful you must have the patience and perseverance well beyond a normal person. In being extraordinary you need to insulate yourself from negative people that will try and slow you down. Remember - who you spend time with is who you become!
Great ideas are `ten a penny' - In order to make any money of an idea you need world class execution from a team of talented and focused people.
Keep bringing yourself back to your core goals (yes write them down and visualise them) and remember why you do what you do. If that's making money then kill the dead projects, invest in those that are likely to win big.
Get the best team, motivate them and fire them with your passion then give them the power. When they succeed reward them very well indeed from the profits.
Own as much of the equity, preferably all of it, that you can of your business. I agree to a degree with this if you can build a massive business without giving away equity. If you can't I believe you should use equity and not debt to build your business in the early stages.
Maximise the value of your company by selling near the top, but leaving room for the new owner to grow and build the business further.
Remember we are all `people' in the end, no-one is better than you and nor are you better than anyone else. In the end we are all souls that will die and we cant take any of the wealth or power with us, so fear no one and get rich!
When you are rich, spread it around as you see fit and try not to spend the rest of your life in fear you will lose it.
In summary his 8 secrets are:
Analyse your need. Desire is insufficient. Compulsion is mandatory.
Cut loose from negative influences. Never give in. Stay the course.
Ignore `great ideas'. Concentrate on great execution.
Focus. Keep your eye on the ball marked `the money is here'
Hire talent smarter than you. Delegate. Share the annual pie.
Ownership is the real secret. Hold on to every % point you can.
Sell before you need too, or when bored. Empty your mind when negotiating.
Fear nothing and no-one. Get rich. Remember to give it all away.
 
How to Get Rich: One of the World's Greatest Entrepreneurs Shares His Secrets
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