The following little factoid came across my screen this morning from the Money Fun Fact Feed at SavingAdvice.com, and I just wanted to make sure the folks here noted it.
"The richest person ever was John D. Rockefeller whose wealth was estimated at $900 million in 1913, the equivalent of $189.6 Billion today. His first job in 1850 paid him $3.57 a week." Source: guinnessworldrecords.com
The interesting thing is that if you read Titan a biography of John D. Rockefeller, Sr., you will note that Mr. Rockefeller from a very young age 1)TRACKED every penny and dime AND was 2) EXTREME in his cost cutting efforts AND was 3)QUICK to develop new business ideas and opportunities.
All three ideas which we here at Saving Advice can use to fatten our bottom lines as well. If it was good enough for John D., well, it ought to be good for us as well.
And, JUST because I like you, (said in my best car salesman voice) I'm going to throw you a little bonus thing you can do so your bottom line can begin to fatten like John D.'s - 4)he tithed. Many people are unaware of all the churches and schools he was charitable towards.
To recap, he did the following:
1)Tracked Income & Expenses
2)Extreme Cost Cutting
3)Quickly Develop Business Ideas
If you get a chance, read Titan with your pen & notebook in hand (I'd say highlighter, but I'm a librarian I can't go around telling you to mark up books!!)
While he was no angel, he is not the total devil some might make him out to be. An interesting, informative read.
P.S. You'll find out which bank is still around today that was started w/Rockefeller dollars.