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The Art of Money Getting: Golden Rules for Making Money

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The Art of Money Getting was written by P. T. Barnum, who is widely known as an important historical entrepreneur as founder of the famous traveling circus, but in this publication Barnum shares his knowledge of business and teaches readers how to be successful in making money. This is an excellent book for individuals who are interested in learning from an important histo The Art of Money Getting was written by P. T. Barnum, who is widely known as an important historical entrepreneur as founder of the famous traveling circus, but in this publication Barnum shares his knowledge of business and teaches readers how to be successful in making money. This is an excellent book for individuals who are interested in learning from an important historical business leaders own personal success and also serves as an excellent motivational writing intended for those looking to be successful and make lots of money.


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The Art of Money Getting was written by P. T. Barnum, who is widely known as an important historical entrepreneur as founder of the famous traveling circus, but in this publication Barnum shares his knowledge of business and teaches readers how to be successful in making money. This is an excellent book for individuals who are interested in learning from an important histo The Art of Money Getting was written by P. T. Barnum, who is widely known as an important historical entrepreneur as founder of the famous traveling circus, but in this publication Barnum shares his knowledge of business and teaches readers how to be successful in making money. This is an excellent book for individuals who are interested in learning from an important historical business leaders own personal success and also serves as an excellent motivational writing intended for those looking to be successful and make lots of money.

30 review for The Art of Money Getting: Golden Rules for Making Money

  1. 5 out of 5

    Nadin Adel

    Lovely book for a quick boost. I Enjoyed listening to the golden rules while ironing!

  2. 4 out of 5

    Vaishali

    Plain talk and practical advice on securing capital, promissory notes, and a reliable team. Not one mention of his circus empire or political career. Quotes : ------- “It is the eyes of others and not our own eyes that ruin us. If all the world were blind except myself I should not care for fine clothes or furniture.” - Benjamin Franklin “The foundation of success in life is good health. That is the substratum fortune. It is also the basis of happiness.” “To make money requires a clear brain.” “There Plain talk and practical advice on securing capital, promissory notes, and a reliable team. Not one mention of his circus empire or political career. Quotes : ------- “It is the eyes of others and not our own eyes that ruin us. If all the world were blind except myself I should not care for fine clothes or furniture.” - Benjamin Franklin “The foundation of success in life is good health. That is the substratum fortune. It is also the basis of happiness.” “To make money requires a clear brain.” “There is no class of people in the world to have such good memories as creditors.” "How many have almost reached the goal of their ambition, but, losing faith in themselves, have relaxed their energies, and the golden prize has been lost forever." "Work at it, if necessary, early and late, in season and out of season, not leaving a stone unturned, and never deferring for a single hour that which can be done just as well now." "Idleness breeds bad habits, and clothes a man in rags." "A man buys his experience, and it is the best kind if not purchased at too dear a rate." "The possession of a perfect knowledge of your business is an absolute necessity in order to insure success." "You must exercise your caution in laying your plans, but be bold in carrying them out." "If a man adopts the proper methods to be successful, luck will not prevent him." "Go on in confidence, study the rules, and above all things, study human nature." "As a nation, Americans are too superficial - they are striving to get rich quickly, and do not generally do their business as substantially and thoroughly as they should, but whoever excels all others in his own line, if his habits are good and his integrity undoubted, cannot fail to secure abundant patronage, and the wealth that naturally follows. Let your motto then always be "Excelsior," for by living up to it there is no such word as fail." "Engage in one kind of business only, and stick to it faithfully until you succeed, or until your experience shows that you should abandon it. A constant hammering on one nail will generally drive it home at last, so that it can be clinched." "Men should be systematic in their business. " "Keep thoroughly posted in regard to the transactions of the world." "If a man has plenty of money, he ought to invest something in everything that appears to promise success, and that will probably benefit mankind; but let the sums thus invested be moderate in amount, and never let a man foolishly jeopardize a fortune that he has earned in a legitimate way, by investing it in things in which he has had no experience." "Those who deal with the public must be careful that their goods are valuable; that they are genuine, and will give satisfaction." "Advertising is like learning—a little is a dangerous thing! The reader of a newspaper does not see the first mention of an ordinary advertisement; the second insertion he sees, but does not read; the third insertion he reads; the fourth insertion, he looks at the price; the fifth insertion, he speaks of it to his wife; the sixth insertion, he is ready to purchase, and the seventh insertion, he purchases. So a man who advertises at all must keep it up until the public know who and what he is, and what his business is, or else the money invested in advertising is lost." "Politeness and civility are the best capital ever invested in business." "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." "Say nothing about your profits, your hopes, your expectations, your intentions… If you are losing money, be specially cautious and not tell of it, or you will lose your reputation." "Preserve your integrity. It is more precious than diamonds or rubies." "The public very properly shun all whose integrity is doubted." "He that wants money, means, and content, is without three good friends.” - William Shakespeare .

  3. 4 out of 5

    Mohamed Tohami

    short book that contains universal and timeless principles of making money. I like this part the most: "Engage in one kind of business only, and stick to it faithfully until you succeed, or until your experience shows that you should abandon it. A constant hammering on one nail will generally drive it home at last, so that it can be clinched. When a man’s undivided attention is centered on one object, his mind will constantly be suggesting improvements of value, which would escape him if his brain short book that contains universal and timeless principles of making money. I like this part the most: "Engage in one kind of business only, and stick to it faithfully until you succeed, or until your experience shows that you should abandon it. A constant hammering on one nail will generally drive it home at last, so that it can be clinched. When a man’s undivided attention is centered on one object, his mind will constantly be suggesting improvements of value, which would escape him if his brain was occupied by a dozen different subjects at once. Many a fortune has slipped through a man’s fingers because he was engaged in too many occupations at a time. There is good sense in the old caution against having too many irons in the fire at once."

  4. 5 out of 5

    Mariam

    First things first. The title is an exaggeration of the content. You will not find any techniques or ideas for getting rich (assuming that's what you are looking to find); however, Barnum provides 20 rules for the development of character and for personal success. In a nutshell: there are no shortcuts to wealth, aside from right vocation, good character, and perseverance - and don't forget to advertise. Quotes: "As a nation, Americans are too superficial - they are striving to get rich quickly, and First things first. The title is an exaggeration of the content. You will not find any techniques or ideas for getting rich (assuming that's what you are looking to find); however, Barnum provides 20 rules for the development of character and for personal success. In a nutshell: there are no shortcuts to wealth, aside from right vocation, good character, and perseverance - and don't forget to advertise. Quotes: "As a nation, Americans are too superficial - they are striving to get rich quickly, and do not generally do their business as substantially and thoroughly as they should, but whoever excels all others in his own line, if his habits are good and his integrity undoubted, cannot fail to secure abundant patronage, and the wealth that naturally follows." "When you get an article which you know is going to please your customers, and that when they have tried it, they will feel they have got their money's worth, then let the fact be known that you have got it. Be careful to advertise it in some shape or other because it is evident that if a man has ever so good an article for sale, and nobody knows it, it will bring his no return."

  5. 4 out of 5

    Catalin Negru

    Target audience: General public, people of all ages, except children. About the author: Phineas Taylor Barnum was born on July 1810 in Bethel, Connecticut. He is an American writer and publisher. He was widely known as a philanthropist and a politician. At the age of 12, he displayed passionate about business by starting selling lottery tickets. He has written many books, and The Art of Getting Money is one of them. He was a great personality and personal purpose to place money in his own box. Str Target audience: General public, people of all ages, except children. About the author: Phineas Taylor Barnum was born on July 1810 in Bethel, Connecticut. He is an American writer and publisher. He was widely known as a philanthropist and a politician. At the age of 12, he displayed passionate about business by starting selling lottery tickets. He has written many books, and The Art of Getting Money is one of them. He was a great personality and personal purpose to place money in his own box. Structure of the book: The book is divided in 21 small parts. Overview: The book is a business model book of all time. Barnum emphasized that right vocation is the surest way of succeeding in business. This is obviously and strategically the first step in succeeding in the business world – the right vocation. Without finding the right vocation first, a man will just go around sporadically, without focus, and in such a setting, nothing can be achieved. Each person is born for a specific purpose, and the unexpected disparity between us suggests that people were made to do certain things that are different from others. Barnum explains that it is not enough just to do the work you love, but you must be careful where you do it; it is not advisable to commence a business where there are already enough to meet all demands in the same occupation. Lots of people with brilliant minds and ideas to succeed in the business world have failed, because they were caught in the web of ‘debt’. Anyone aspiring for greater business oriented should avoid running into debt, because debt is like a trap. Instead of debt, people have to key to a perfect business is discipline and perseverance. While some people are born with the nature of weariness, laziness, and no perseverance, they can develop and nurture this trait. In Barnum’s vision business industry requires technocrats, and it is good for anyone doing business to maintain them and provide them with the right conditions for them to work more efficiently. Learn something useful, let hope predominate and do not scatter your powers are another issues raised in the book. The writer encourages us to learn more about our profession, skills, and expertise; this will make it possible to become updated with present-day needs for running the business efficiently, in this ever-changing world that we live in. Furthermore, Barnum Phineas added that one should be systematic in business, be cautious of outside operations and do not endorse without security. All these are part of qualities that makes businesses survive and flourish even in uncertain conditions. Advertise your business is another point that the author reaffirmed. He observed that “We all depend, more or less, upon the public for our support and trading.” Doing business means dealing with different people with different diversity, and the best way to promote the business is offering them the best quality services at any given time. Barnum Phineas concluded the book with a message of politeness to customers, charitableness and maintaining a sound integrity. With this book, one can be sure of running a successful business as long as the business adapts the principles stated therein. Quote: “The safest plan and the one most sure of success for the young man starting in life, is to select the vocation which is most congenial to his tastes.” Strong Points: It is a speedy read but solid information. It contains high-quality and realistic lessons on how to make money without fail. The truths in this book are timeless in the wisdom and understanding and remain valid irrespective of the business or idea anyone has in view. The book focuses, and full details on how one can run a successful business in any part of the world at any dispensation with strong points as The right vocation, Right location, Avoidance of debt, Perseverance, Using the best tools (Human Capital), Integrity, and Being Systematic. Weak Points: There are several chapters which I think need more details. It seems like the book encourages someone to give all its resources and time in making money. It encourages someone to give his all preference to only money among all the things. It gives a perception that money is everything. The author implies that some can buy even happiness with money, which is totally wrong in my opinion. You cannot buy happiness with money you can only buy things with money not emotions.

  6. 4 out of 5

    Cole Ramirez

    This book won't make you rich, but there are worse ways to spend an hour. Quick read with a few good nuggets. -Spend less than you make -Avoid debt, particularly consumer debt -Don't worry about what other people buy, possess, or desire -Don't be a drunk -Save and earn interest on your money -Don't be lazy -Don't start a business on borrowed money -Be systematic and disciplined -Focus on one job at a time (avoid "too many irons in the fire") -Read the newspaper -Don't lend money frivolously -Give with int This book won't make you rich, but there are worse ways to spend an hour. Quick read with a few good nuggets. -Spend less than you make -Avoid debt, particularly consumer debt -Don't worry about what other people buy, possess, or desire -Don't be a drunk -Save and earn interest on your money -Don't be lazy -Don't start a business on borrowed money -Be systematic and disciplined -Focus on one job at a time (avoid "too many irons in the fire") -Read the newspaper -Don't lend money frivolously -Give with intention, specifically choosing to help those who are helping themselves -Be private - don't blab about financial successes or failures -Use business and money to better the human race Favorite quote: "WHATEVER YOU DO, DO IT WITH ALL YOUR MIGHT Work at it, if necessary, early and late, in season and out of season, not leaving a stone unturned, and never deferring for a single hour that which can be done just as well now. The old proverb is full of truth and meaning, "Whatever is worth doing at all, is worth doing well." Many a man acquires a fortune by doing his business thoroughly, while his neighbor remains poor for life, because he only half does it. Ambition, energy, industry, perseverance, are indispensable requisites for success in business. Fortune always favors the brave, and never helps a man who does not help himself."

  7. 4 out of 5

    Chris Huff

    Solid financial, business, and life advice. I think the only negative critique I have of Barnum's book is simply that he somewhat dismisses the possibility of being in poverty (or at least not wealthy) merely out of happenstance. Barnum seems to believe that practicing good wisdom with money and business will inevitably lead to wealth. But this is certainly not always the case. And it really shouldn't even be the goal, anyway. Nevertheless, even if he errs somewhat when it comes to the goal, he do Solid financial, business, and life advice. I think the only negative critique I have of Barnum's book is simply that he somewhat dismisses the possibility of being in poverty (or at least not wealthy) merely out of happenstance. Barnum seems to believe that practicing good wisdom with money and business will inevitably lead to wealth. But this is certainly not always the case. And it really shouldn't even be the goal, anyway. Nevertheless, even if he errs somewhat when it comes to the goal, he does give very good, practical advice. Very easy to read and follow, and although much of it should be common sense, much of it is not commonly followed. I was certainly challenged by it.

  8. 4 out of 5

    Lyricsninja

    A very quick read, and one that although it is from over 100 years ago... it still holds true. there is a lot of sage wisdom contained in this book - especially with pertaining to debt and why you shouldnt get yourself into it. it almost makes the book shine, given the current debt situation we find ourselves in. perhaps a book like this - short and to the point with a lot of general advice on how to handle your money - should be something of required reading.

  9. 5 out of 5

    Mini

    I downloaded this full intending to laugh at the old outdated advice but he actually had some solid quotes and excellent writing.

  10. 5 out of 5

    Sterlingcindysu

    Another short freebie from Amazon for Kindle. Picture Suzie Orman in 1880. Not what you were picturing? Even back then PT was telling people not to counter sign any loans. Just goes to show that all the basics of finance have been around forever, and we didn't need anyone to "approve" or "deny" any purchases. As I get older, I have to agree with PT--"The foundation of success in life is good health...he cannot accumulate a fortune very well when he is sick." You'd think that he would have used a Another short freebie from Amazon for Kindle. Picture Suzie Orman in 1880. Not what you were picturing? Even back then PT was telling people not to counter sign any loans. Just goes to show that all the basics of finance have been around forever, and we didn't need anyone to "approve" or "deny" any purchases. As I get older, I have to agree with PT--"The foundation of success in life is good health...he cannot accumulate a fortune very well when he is sick." You'd think that he would have used a better word than "money-getting", though. There's profits, gains, success or rewards. This quote was *not* in the book

  11. 4 out of 5

    Skyler

    Sage advice.

  12. 4 out of 5

    Philipp

    A college class introduced P.T. Barnum, America's Greatest Showman, to me and it was fun to discover that he had written this quaint little book with suggestions on how to make money. "Politeness and civility are the best capital ever invested in business." Despite the age of this book, that and many other suggestions hold true today. A college class introduced P.T. Barnum, America's Greatest Showman, to me and it was fun to discover that he had written this quaint little book with suggestions on how to make money. "Politeness and civility are the best capital ever invested in business." Despite the age of this book, that and many other suggestions hold true today.

  13. 4 out of 5

    Ian Williamson

    Surprisingly I liked this a lot. I usually hate these "business self help" genre. But this had like an old timey feel while still having quick and engaging lessons. Obviously it's outdated and stuff, but it was still interesting to hear someone talk about "newspaper advertising in the steam age." Surprisingly I liked this a lot. I usually hate these "business self help" genre. But this had like an old timey feel while still having quick and engaging lessons. Obviously it's outdated and stuff, but it was still interesting to hear someone talk about "newspaper advertising in the steam age."

  14. 5 out of 5

    Lukas

    a 100+ year old book on money making, still relevant as ever and nice to see it's full of encouraging positive morals and integrity while doing so. a 100+ year old book on money making, still relevant as ever and nice to see it's full of encouraging positive morals and integrity while doing so.

  15. 5 out of 5

    David

    For a book written 142 years ago, most of Mr. Barnum's nuggets of business wisdom still ring true. This little book has a lot of value. For a book written 142 years ago, most of Mr. Barnum's nuggets of business wisdom still ring true. This little book has a lot of value.

  16. 4 out of 5

    Molly Murphy

    I enjoyed reading P.T. Barnum's "The Art of Money Getting: Golden Rules for Making Money." Barnum mentions 20 different methods for making money, but one of my favorite parts about reading this book was that he mentions ways to keep the money you have made and how to continue being successful with it. I think the book acts as a guide for individual growth. Barnum creates a lot of interpretation for deeper meaning with some of the quotes he mentions, making the story more significant. Although thi I enjoyed reading P.T. Barnum's "The Art of Money Getting: Golden Rules for Making Money." Barnum mentions 20 different methods for making money, but one of my favorite parts about reading this book was that he mentions ways to keep the money you have made and how to continue being successful with it. I think the book acts as a guide for individual growth. Barnum creates a lot of interpretation for deeper meaning with some of the quotes he mentions, making the story more significant. Although this book was written in the 1800s, the techniques mentioned by Barnum are timeless. He created a basis of knowledge and as time has continued, technology and knowledge has allowed them to evolve. For example, one of the methods mentioned in the beginning of the novel was to gather pieces of paper and write your expenses for that day down on the sheet of paper. You would continue to do this for the week, and then ultimately make it a daily routine. This method has been enhanced with the help of technology, specifically with PNC's Virtual Wallet. They offer an app and easy-to-use online banking, making expenses easy to track. Barnum mentions a story about a hostess buying candles, and this story was an example of opportunity cost. The hostess wanted to buy the candles so she could read at night, so the knowledge gained from reading is more significant than the expense of the candles. Overall, I enjoyed that Barnum included quotes throughout the story, making the read a little more rememberable and enjoyable. One of the quotes I liked was “To make money requires a clear brain” and "So in regard to wealth. Go on in confidence, study the rules, and above all things, study human nature”. As a psychology minor who enjoys psychology, the study of human nature is very intriguing to me, and I think it plays a key role in the success of businesses, today, that is often forgotten about. Understanding why we do what we do, buy what we buy, shop where we shop, etc., acts like a secret formula to success in the economy. Another quote that I liked was "Whatever is worth doing at all, is worth doing well." While building success, you cannot get complacent and you cannot be lazy, where success take a lot of dedication and hard work. Overall, although the methods mentioned in this book were redundant, obvious, and outdated, they're timeless and useful reminders that we sometimes need.

  17. 4 out of 5

    Marty

    Very short book published in 2005, as a free book or pamphlet. Good rule to live by including spending less than you make, to not partake of tobacco or alcohol, one is addictive and makes you look bad and you miss out on great foods to eat, and the other makes you thick in the head. Many other rules to live by. Barnum lived from 1810-1891, so this was published before the turn of the century.

  18. 5 out of 5

    Melody

    This is a book that everyone should read, especially those who are going into business. It advises the reader to be a person of integrity, don't be greedy, advertise, sow and then you reap, and don't try quick methods of getting rich. This is a book that everyone should read, especially those who are going into business. It advises the reader to be a person of integrity, don't be greedy, advertise, sow and then you reap, and don't try quick methods of getting rich.

  19. 4 out of 5

    Robert Gebhardt

    Surprisingly sound and useful advice, considering who it's from. Also very concise. Surprisingly sound and useful advice, considering who it's from. Also very concise.

  20. 5 out of 5

    Sanne

    Happy I finished the book in 12 min. However, 12 min I will never get back. Interesting perspective on the art of making money in the 1880s.

  21. 5 out of 5

    Jared Rourke

    This book is written in the format of listing the golden rules for making money according to PT Barnum. There was a movie released recently called The Greatest Showman about PT Barnum’s success. Even though the book is written from the perspective of an earlier time, the terminology was not difficult to apply to today. Before the “rules” are laid out, the introduction makes it sound simple and easy to make money. It says it’s not difficult to make money and the road to wealth is plain. But it th This book is written in the format of listing the golden rules for making money according to PT Barnum. There was a movie released recently called The Greatest Showman about PT Barnum’s success. Even though the book is written from the perspective of an earlier time, the terminology was not difficult to apply to today. Before the “rules” are laid out, the introduction makes it sound simple and easy to make money. It says it’s not difficult to make money and the road to wealth is plain. But it then explains that it’s only easy for people who really understand economics. 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. After the introduction the book goes into the 20 “rules” to make money. 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. 1. Choose the right vocation- the book says that everyone is born with the inclination and genius to be in a certain profession. If you don’t do what you are happy doing then it will be an uphill battle. This I think we all can understand this one. 2. Choose the right location-as in, you can’t sell beach chairs if you don’t live on the beach. 3. 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. 4. Persevere-have confidence and don’t look at things with a glass half empty view 5. Work Hard-the book says you should continue to learn and making mistakes is good because you learn from them. 6. Use the best tools-value your employees and what they are learning. 7. Do not get above your business-use your own capital to do business because it’s worth more to you and you’ll work harder. 8. Learn something useful-the book says to have a skill to fall back on in hard times. 9. Let Hope PreDominate 10. Do not scatter your powers-the book says to stick to the one business you know and give it all of your attention. 11. Be systematic-the books stresses the importance of keeping on a schedule, keeping appointments, finishing what you started, etc. 12. Read-to keep current on what’s happening in your field 13. Beware of outside opportunities-be careful about investing in other’s ideas 14. Don’t loan money out without having it secured 15. Advertise-advertising uniquely and often so customers know you are there 16. Don’t read the Other Side 17. Be polite and kind to customers 18. Be charitable 19. Don’t blab-you might give away your secrets or how your business is doing. 20. Preserve Integrity-no amount of money can buy peace and once your integrity is compromised your opportunities to make money are gone

  22. 4 out of 5

    Liam

    The Art of Money Getting by P.T. 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 1880, still contains many tips that are great for anyone to follow even in 2018. 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.T. 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 1880, still contains many tips that are great for anyone to follow even in 2018. 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 money but more a certain set of rules that a individual should follow throughout his/her life in regards to being successful with their current or future financial status The points that i found to be most helpful and important came in the first couple chapters where P.T. These chapters titled "DON'T MISTAKE YOUR VOCATION", "SELECT THE RIGHT LOCATION","AVOID DEBT" and "PERSEVERE" talk about topics all the way from setting yourself up in the future to what mental attitude is most recommended in order to gain success and happiness later in life. 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." and i think this is important because after reading about tips that can help make someone successful, this little excerpt is a very strong reminder to remain humble and that money is a valuable and dangerous thing.

  23. 5 out of 5

    Anna Stinnett

    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. 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 reminder of what I should be doing to make money. 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. He also mentions specialization when he says we should “engage in one type of business” that we excel at rather than scattering our powers. In micro we talked about how countries should specialize in the product in which they have a comparative advantage. The most important takeaway from this book was when Barnum reminded the reader to avoid being “pennywise and pound foolish” meaning not to go out and spend money just because they saved here and there. 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.

  24. 4 out of 5

    Katie Ryder

    The Art of Money Getting by P.T. Barnum is a quick read, outlining 20 steps and pointers on how to grow one’s wealth and business. Despite being written in 1880, 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 The Art of Money Getting by P.T. Barnum is a quick read, outlining 20 steps and pointers on how to grow one’s wealth and business. Despite being written in 1880, 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. Chapters such as “Use the Best Tools” and “Do Not Scatter Your Powers” were beneficial and made good points. I especially was interested in the “Use the Best Tools” section mentioning that the value of an employee will grow overtime. I hadn’t thought of it like that before. The idea of not scattering one’s powers in order to increase the chance of success in that field and to put your full effort into one pursuit is not always common in today’s economy, where everyone seems to have a side project or business going, but maybe there is some value to finding one thing to devote everything to. There were some sections, however, that seemed to be unnecessary. Sections such as “Be Polite to Your Customers”, “Read the Newspaper”, and “Don’t Blab” are basically common sense. At the time that this was written, these may have been helpful to have written out, but today I don’t think they needed to be included. There were some quotes sprinkled throughout that made the read more enjoyable and that I think are worth remembering. “To make money requires a clear brain” and "So in regard to wealth. Go on in confidence, study the rules, and above all things, study human nature”. I thought that these pieces of advice were helpful and quickly summed up a lot of the rest of the book.

  25. 4 out of 5

    Thomas Orbash

    The Art of Money Getting by P.T. Barnum is a great guide that should be read by every young spender. The book offers many explanations on how to spend the money you have, and how to do so efficiently and effectively in order to live the spender's best life. The explanations are then followed with examples, which makes the multiple topics easier to understand and more relatable to the readers. The first thing that stuck out to me in the text was a paragraph saying that people often save money just The Art of Money Getting by P.T. Barnum is a great guide that should be read by every young spender. The book offers many explanations on how to spend the money you have, and how to do so efficiently and effectively in order to live the spender's best life. The explanations are then followed with examples, which makes the multiple topics easier to understand and more relatable to the readers. The first thing that stuck out to me in the text was a paragraph saying that people often save money just to spend it in larger amounts at later times. If citizens are able to resist spending their savings, they will be more successful in life. Barnum offers many reasons as to why people spend money in access, but his main theory is it is due to greed and jealousy. When people see others with nice and expensive tangible goods, we tend to want those same luxury's. This is not an efficient way of spending however, and this method will quickly accumulate to big losses. Another main topic of Barnums's book was to always have your income exceed your out-go. If not, debt will be accumulated which is another one of the topics Barnum wrote about that will ruin the spender. In order for your income to exceed your out-go, it is important to work hard. "Many a man acquires a fortune by doing his business thoroughly, while his neighbor remains poor for life, because he only half does it." This was one of the lines that Barnum referenced in his book that is very important in all aspects of life, and one that I felt was one of the most important in the book. If you want to be successful, you have to work harder than your competition. Overall, Barnum's book was a great read. Money is something that must be obtained throughout everyone's lives, but knowing how to correctly use that money is possibly more important than the process of earning it. This book gives a great advantage to those who read it when it comes how to correctly use your money.

  26. 4 out of 5

    Alexis Rupert

    “The Art of Money Getting: Golden Rules for Money Making” written by P.T. Barnum, is a very noble, helpful and inspiring read, still until this day. 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 t “The Art of Money Getting: Golden Rules for Money Making” written by P.T. Barnum, is a very noble, helpful and inspiring read, still until this day. 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. Barnum separates the topics in his book by stating exact phrases that coincide with what you should do with your money, such as “Avoid Debt”, “Use The Best Tools”, “Advertise Your Business”, and “Preserve Your Integrity”. 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. 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. Every step listed is exactly what economists have to go through before/during doing things such as buying or trading goods. 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.

  27. 4 out of 5

    Tate

    The Art of Money Getting: Golden Rules for Making Money by P.T. Barnum is a helpful guide on how to get money. The book is all about how people should save, acquire, and keep money rather than lose it. The beginning of the book states that most people believe they know enough about the economy and money to be successful and wealthy on their own but there are many things which they don’t know. Throughout the story, the author uses examples and situations to get his point across and is able to do The Art of Money Getting: Golden Rules for Making Money by P.T. Barnum is a helpful guide on how to get money. The book is all about how people should save, acquire, and keep money rather than lose it. The beginning of the book states that most people believe they know enough about the economy and money to be successful and wealthy on their own but there are many things which they don’t know. Throughout the story, the author uses examples and situations to get his point across and is able to do so in a very persuasive way. The author uses quotes and applies these quotes to real world situations, helping the audience understand where he is coming from and what his point is. After Barnum states his beliefs and knowledge upon money and the economy, he turns the rest of the book into a 20-step plan for the reader on how to make and preserve your money. Although the 20-step plan revolves around money, there is more to it than just that. The 20-step plan involves utilizing your strengths, doing things to the best of your capabilities and finding what you are good at. Although this book is about making money, it teaches you a lot about the type of person you are and the type of person you could/should be. I do not believe that there are an exact set of rules or steps to follow to become a successful or wealthy person, but this book certainly helps increase your odds. The biggest takeaway I had from this book is why people care about money so much. Yes, money is needed to buy food, water and shelter, but besides the necessities, why is money so important. In this book an example is given where one neighbor wants to buy something just to prove to his other neighbor that he too, is wealthy. This example makes me question whether we want money for ourselves or whether we want money for others to see.

  28. 5 out of 5

    Rob Smith, Jr.

    If one reads this and comes away with nothing, then they are a follower and should not attempt - at least for the time being - being any kind of leader or a business owner. Barnum, in short order, strings out a string of ideas that has to be part of the mindset of anybody looking to run their lives. Not just their business, but their lives. All are action steps to potential success. Another quoted here, ""Engage in one kind of business only, and stick to it faithfully until you succeed, or until If one reads this and comes away with nothing, then they are a follower and should not attempt - at least for the time being - being any kind of leader or a business owner. Barnum, in short order, strings out a string of ideas that has to be part of the mindset of anybody looking to run their lives. Not just their business, but their lives. All are action steps to potential success. Another quoted here, ""Engage in one kind of business only, and stick to it faithfully until you succeed, or until your experience shows that you should abandon it. A constant hammering on one nail will generally drive it home at last, so that it can be clinched. When a man’s undivided attention is centered on one object, his mind will constantly be suggesting improvements of value, which would escape him if his brain was occupied by a dozen different subjects at once. Many a fortune has slipped through a man’s fingers because he was engaged in too many occupations at a time. There is good sense in the old caution against having too many irons in the fire at once." This, as anyone who knows me knows, is my greatest failing. Here, I also break a rule Barnum writes of. I sacrifice that to point those younger to the importance of the book and taking it sincerely and not to look for something in it to be hyper-irrationally-sensitive to as an excuse to ignore it. This is a volume to carry and refer to at times. A good slap in the face, if you need it. Could this be 300 pages longer? Sure. But what of the waste. This meets the goal better than any brick of motivational book being churned out today. The writing is clear and concise and as focused as the message. Bottom line: i recommend this book. 10 out of ten points.

  29. 5 out of 5

    Ryan

    The Art of Money Getting is a piece by P.T. Barnum, originally published in the late 19th century, specifically in 1880. Barnum was considered “one of the greatest showman on Earth”, and that exemplifying characteristic does not stop with his book. The Art of Money Getting is divided into 20 distinct chapters or I should say “guidelines” on how to make money and more importantly, how to keep it. Barnum uses real world examples to back up his headlines/guidelines for each chapter. For example, one The Art of Money Getting is a piece by P.T. Barnum, originally published in the late 19th century, specifically in 1880. Barnum was considered “one of the greatest showman on Earth”, and that exemplifying characteristic does not stop with his book. The Art of Money Getting is divided into 20 distinct chapters or I should say “guidelines” on how to make money and more importantly, how to keep it. Barnum uses real world examples to back up his headlines/guidelines for each chapter. For example, one of his guidelines is “don’t get above your business”. He then goes on and tells a personal anecdote about a young man who should not be “above his business” by not letting his business inflate his head with the borrowed money he built it on. Barnum uses these real life examples to relate to the reader and to get them to understand where Barnum is coming from. I relate to the book because the language used is mostly contemporary. The guidelines he uses are great advice to someone who is constantly looking to make money and keep it to gain wealth. Barnum makes the assumption that someone’s character is more important than the guidelines. He notes, “that any person of either sex who is willing, at least for the time being, to engage in any respectable occupation that offers, may find lucrative employment.” As long as someone has to drive and compassion of a good quality person, they will succeed in making money regardless of the guidelines he provides. This book offers great direction for one who is interested in the art of making money and accumulating wealth, and I personally enjoyed learning of Barnum’s key factors to his own success.

  30. 4 out of 5

    AttackGirl

    The books is filled with golden rules, one after another, I also recommend you go read about his life and imagine how many people he had personal interactions. Perhaps one of the USA first marketing gurus??? “The Counting of the chickens before they are hatched is a ancient way that does not seem to improve with age” “Be charitable, Because it is a duty and a pleasure” “Best kind of charity is to help those who are willing to help themselves, promiscuous alms giving without inquiring into the worth The books is filled with golden rules, one after another, I also recommend you go read about his life and imagine how many people he had personal interactions. Perhaps one of the USA first marketing gurus??? “The Counting of the chickens before they are hatched is a ancient way that does not seem to improve with age” “Be charitable, Because it is a duty and a pleasure” “Best kind of charity is to help those who are willing to help themselves, promiscuous alms giving 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 scattering … “No greater mistake than when a young man believes he will succeed with borrowed money” “Money is good for nothing unless you know the value of it by experience” “Nothing is worth anything unless it cost effort” “There is no royal road to learning” On the conversation of respect of status of being a worker or Gentleman the business makes “the man” “In England the business makes the man” “In this Republican country the man makes the business no matter whether he is a blacksmith, shoemaker, farmer, banker or lawyer so long as his business is legislate he maybe a gentleman. …A double blessing helps the man engaged in it helps him but also benefits all others … All classes of men can make gentlemen. “…Let your motto be excelsior by living up to it there is no such word as fail” Mr. Barnum came to the states because EUrope had frowned on the concept of slavery and no longer flavored with observations of the different. See Hottentot Venus.

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