HOW TO GIVE YOUR WAY TO WEALTH…
A quote to wealth “No one can become rich himself without enriching others.”
Andrew Carnegie (1835-1919)
Scottish American Industrialist and philanthropist.
What a role model this man Andrew Carnegie is for managers in the 1990s! A man of his time and ahead of his time. He made his fortune and wealth only to spend his retirement years giving it back.
Born to a poor family in Dunfirmline, Scotland in 1835, Carnegie began work as a bobbin boy in a factory for $1.20 a week, eventually becoming one of the world’s wealthiest men. A visionary of industry – yet always with his feet on the ground.
Carnegie insisted that each of his senior managers became equal partners in his Iron and Steel company (at no cost to themselves other than their commitment to make it work).
“There is no way of making a business successful that can vie with the policy of promoting those who render exceptional service..” Carnegie wrote in his autobiography.
All 43 partners became multi millionaires when he sold the company in 1901.
Carnegie wrote: “After my book The Gospel of Wealth was published it was inevitable that I should live up to its teachings by ceasing to struggle for more wealth. I resolved to stop accumulating and begin the infinitely more serious task of wise distribution. Our profits had reached $40 million per year and the prospects of increased earnings before us was amazing…”
He then set about donating hundreds of millions of dollars in the cause of peace and education. Over 3,000 community libraries nearly 8,000 church organs, museums, scholarships, trust funds etc.
Throughout his career he focused on those key elements we in the 1990s must get back to with a passion.
The Ten Investments to wealth for the 90s
“A great business is seldom if ever built up, except on the lines of the strictest integrity. A reputation for ‘cuteness’ and sharp dealing is fatal in great affairs. Not the letter of the law, but the spirit of the law, must be the rule.” Integrity is the number one aspect on your way to wealth. Integrity plays a great role in success, and success leads to wealth.
The Market Place
To look at our marketplace not as a place to take things from, but as a place to give things to. To invest our talents and gifts in the best way we can. Wealth is the end product of your talents being properly utilized.
To not dwell on the mire of today as so often we see in the media. But look at the gold in today and the myriad of opportunities that exists – today… and even more tomorrow.
Our Own Business
So often our eyes wander to how others are going. Carnegie said “I believe the true road to pre-eminent success in any line is to make yourself master in that line.”
The People That Help Us Get There
Above all else constantly reward and acknowledge those people that help us get where we want to go.
No one can do it alone. Understand that the more you help others grow, the more they will help you grow. Hoarding and taking only leads others to do the same to you…
Be it in shares in your company, bonuses, books, seminars, hugs, handshakes, smiles, badges, trophies, thank-yous or just a friendly chat…give out to those people who support you. Your customers, your workmates, your family…your family, your family and your family…and don’t forget yourself…
Encourage, thank, appreciate them in as many ways as you can think of…then double that number…for without any of these people…you have nothing.
A Spirit of Thankfulness
Be thankful for all that you have. Say thank you to the people around you. Say thank you to your God. No matter what happens…say thank you…It all happens for a purpose. It is up to you to learn from it.
A Spirit of Optimism
Blind optimism is dangerous. Terminal self-hoodwinkosis…
Approaching each event and circumstance with a spirit of optimism tempered by a dash of curiosity and two shakes of past experience (track record). Optimism is the spark for creativity and innovation. Stimulate creativity, be optimistic.
Cynicism is the vine which strangles growth…”a protection against vulnerability…” Manage and prune your cynicism regularly.
In Touch With Reality
An eye for the bottom line. Accountability. Responsibility. ‘Blue Sky Investments Inc.’ are dead. A planned, systematic approach with a dash of daring and vision is the recipe for the 90s, as it has always been.
The desire and thirst for healthy, helpful, stimulating food for the brain.
Carnegie wrote of his first introduction to a library…”the windows were opened in the walls of my dungeon through which the light of knowledge streamed in…”
Whether it be through books, videos, the people you meet, the seminars and courses you attend. The habit of ingesting healthy food for the brain will be one of your wisest investments in the 90s.
A Sense of Giving Back
Carnegie gave back millions to his employees, the communities that helped him create his wealth and to the world in which he lived.
Look around you in your business. What talents and gifts can you give to your community? Time, expertise, money, goods, services…Building a great business is not like open-cut mining…it is more like growing a garden.
Planting, nurturing, caring, fertilizing, the occasional pruning and watching it blossom before your eyes. To share in the beauty with all around you.
Andrew Carnegie grew a wonderful garden in his time on this planet. He left it a better place than he found it. He ADDED VALUE…he did much to enrich others, and in doing so…became rich himself.
In bringing light to others, your path also becomes clearer. Give generously…
By Leigh Farnell, management consultant and trainer. Phone (09) 365 4433. Extracts from: Carnegie, A: My Own Story. Houghton Mifflin Company. New York. 1984.