The Art of Money-Getting

Introduction

• Originally published in 1882 by P.T. Barnum.
• Discusses strategies and philosophies on making and keeping money.
• Emphasizes that while making money can be easy, keeping it is often difficult.

Key Philosophies

Economy and Wealth

• Benjamin Franklin: Wealth is achieved by spending less than you earn.
• True economy is often misunderstood; it's not about being mean but about sensible spending.
• False economy: Saving on small things while wasting on larger unnecessary expenses.
• Spend on essentials and save on non-essentials to accumulate wealth.

Avoiding Misplaced Priorities

• Beware of spending for appearances due to societal pressure (e.g., Mrs. Grundy).
• Prosperity can lead to spending beyond means, resulting in poverty.
• Maintain a balance between income and expenditure.

Health and Success

• Health is foundational to success; study the laws of nature for good health.
• Avoid artificial habits like tobacco and alcohol that cloud judgment and health.

Career and Business Advice

Choosing the Right Vocation

• Align career choice with personal interests and natural talents.
• Importance of selecting the right location for business success.

Financial Prudence

• Avoid unnecessary debt; it leads to loss of self-respect and financial slavery.
• Understand the value of money; self-earned money is more valued.
• Be cautious with endorsements; they can lead to financial ruin.

Advertising and Customer Relations

• Advertise effectively and consistently; ensure goods are genuine.
• Politeness and civility in business attract customers.
• Be charitable and help those willing to help themselves.

Personal Development

Perseverance and Self-Reliance

• Perseverance is key to overcoming obstacles and achieving goals.
• Self-reliance and understanding of your business are crucial.

Systematic Work

• Be organized and systematic to maximize productivity.
• Focus on one business venture at a time to ensure success.

Integrity and Honesty

• Integrity is invaluable; honesty builds trust and opens opportunities.
• Avoid dishonest money-making schemes; they lead to ruin.

Conclusion

• Encourages making money honestly and using wealth responsibly.
• Wealth enables the contribution to societal development and charitable causes.
• Overall message: Money-getting has its rules, rooted in practical wisdom and moral integrity.

This recording is a production of the Master Key Society.