The Lies Young “Wanna Be” Entrepreneurs  Tell 

Young men after they get through their business training, or apprenticeship, instead of pursuing their avocation and rising in their business, will often lie about doing nothing.

They say; “I have learned my business, but I am not going to be a hireling; what is the object of learning my trade or profession, unless I establish myself?‘”

“Have you capital to start with?”

“No, but I am going to have it.”

“How are you going to get it?”

“I will tell you confidentially; I have a wealthy old aunt, and she will die pretty soon; but if she does not, I expect to find some rich old man who will lend me a few thousands to give me a start. If I only get the money to start with I will do well.”

They Make No Greater Mistake This This One

There is no greater mistake than when a young man believes he will succeed with borrowed money. Why?

John Jacob Astor

“It was more difficult for him (John Jacob Astor) to accumulate his first thousand dollars, than all the succeeding millions that made up his colossal fortune.”

Because every man’s experience coincides with that of Mr. Astor, who said, “it was more difficult for him to accumulate his first thousand dollars, than all the succeeding millions that made up his colossal fortune.”

Money is good for nothing unless you know the value of it by experience.

Give a boy twenty thousand dollars and put him in business, and the chances are that he will lose every dollar of it before he is a year older.

Like buying a ticket in the lottery; and drawing a prize, it is “easy come, easy go.” He does not know the value of it; nothing is worth anything, unless it costs effort. 

Without self-denial and economy; patience and perseverance, and commencing with capital which you have not earned, you are not sure to succeed in accumulating.

Young men, instead of “waiting for dead men’s shoes,” should be up and doing, for there is no class of persons who are so unaccommodating in regard to dying as these rich old people, and it is fortunate for the expectant heirs that it is so.

The Best Way to Acquire a Fortune

Nine out of ten of the rich men of our country to-day, started out in life as poor boys, with determined wills, industry, perseverance, economy and good habits.

They went on gradually, made their own money and saved it; and this is the best way to acquire a fortune.

• Stephen Girard started life as a poor cabin boy, and died worth nine million dollars.
• A.T. Stewart was a poor Irish boy; and he paid taxes on a million and a half dollars of income, per year.
• John Jacob Astor was a poor farmer boy, and died worth twenty millions.
• Cornelius Vanderbilt began life rowing a boat from Staten Island to New York; he presented our government with a steamship worth a million of dollars, and died worth fifty million.

“There is no royal road to learning,” says the proverb, and I may say it is equally true, “there is no royal road to wealth.”

But I think there is a royal road to both.

The road to learning is a royal one; the road that enables the student to expand his intellect and add every day to his stock of knowledge, until, in the pleasant process of intellectual growth, he is able to solve the most profound problems, to count the stars, to analyze every atom of the globe, and to measure the firmament this is a regal highway, and it is the only road worth traveling…