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The Art of Money Getting

by P. T. Barnum

Length: 14,175 words, about 57 pages, about 1 hour to read

Lives and letters, Money and investing, Business and work, Self-help

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What it is

A short guide on achieving financial success.

The best passages

Pages from the book itself, chosen to make you want to read on. Each opens in the reader at that exact spot.

Don’t Mistake Your Vocation

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. Parents and guardians are often quite too negligent in regard to this. It is very common for a father to say, for example: “I have five boys. I will make Billy a clergyman; John a lawyer; Tom a doctor, and Dick a farmer.” He then goes into town and looks about to see what he will do with Sammy. He returns home and says “Sammy, I see watch-making is a nice genteel business; I think I will make you a goldsmith.” He does this, regardless of Sam’s natural inclinations, or genius.

We are all, no doubt, born for a wise purpose. There is as much diversity in our brains as in our countenances. Some are born natural mechanics, while some have great aversion to machinery.

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Select the Right Location

“What is there so wonderful about your statuary?” I asked.

“I beg you not to speak so satirically,” he replied, “Sir, these are not Madam Tussaud’s wax figures, all covered with gilt and tinsel and imitation diamonds, and copied from engravings and photographs. Mine, sir, were taken from life. Whenever you look upon one of those figures, you may consider that you are looking upon the living individual.”

Glancing casually at them, I saw one labeled “Henry VIII,” and feeling a little curious upon seeing that it looked like Calvin Edson, the living skeleton, I said: “Do you call that ‘Henry the Eighth?’ ” He replied, “Certainly; sir; it was taken from life at Hampton Court, by special order of his majesty; on such a day.”

He would have given the hour of the day if I had resisted; I said, “Everybody knows that Henry VIII was a great stout old king, and that figure is lean and lank; what do you say to that?”

“Why,” he replied, “you would be lean and lank yourself if you sat there as long as he has.”

There was no resisting such arguments. I said to my English friend, “Let us go out; do not tell him who I am; I show the white feather; he beats me.”

He followed us to the door, and seeing the rabble in the street, he called out, “ladies and gentlemen, I beg to draw your attention to the respectable character of my visitors,” pointing to us as we walked away.

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Avoid Debt

A good-looking, lazy young fellow, was the apprentice boy, Horatio. His employer said, “Horatio, did you ever see a snail?”

“I⁠—think⁠—I⁠—have,” he drawled out.

“You must have met him then, for I am sure you never overtook one,” said the “boss.” Your creditor will meet you or overtake you and say, “Now, my young friend, you agreed to pay me; you have not done it, you must give me your note.” You give the note on interest and it commences working against you; “it is a dead horse.” The creditor goes to bed at night and wakes up in the morning better off than when he retired to bed, because his interest has increased during the night, but you grow poorer while you are sleeping, for the interest is accumulating against you.

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Depend Upon Your Own Personal Exertions

I hold that every man should, like Cuvier, the French naturalist, thoroughly know his business. So proficient was he in the study of natural history, that you might bring to him the bone, or even a section of a bone of an animal which he had never seen described, and, reasoning from analogy, he would be able to draw a picture of the object from which the bone had been taken. On one occasion his students attempted to deceive him. They rolled one of their number in a cow skin and put him under the professor’s table as a new specimen. When the philosopher came into the room, some of the students asked him what animal it was. Suddenly the animal said, “I am the devil and I am going to eat you.” It was but natural that Cuvier should desire to classify this creature, and examining it intently, he said:

“Divided hoof; graminivorous! It cannot be done.”

He knew that an animal with a split hoof must live upon grass and grain, or other kind of vegetation, and would not be inclined to eat flesh, dead or alive, so he considered himself perfectly safe. The possession of a perfect knowledge of your business is an absolute necessity in order to insure success.

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Don’t Get Above Your Business

“In England, the business makes the man.” If a man in that country is a mechanic or workingman, he is not recognized as a gentleman. On the occasion of my first appearance before Queen Victoria, the Duke of Wellington asked me what sphere in life General Tom Thumb’s parents were in.

“His father is a carpenter,” I replied.

“Oh! I had heard he was a gentleman,” was the response of His Grace.

In this Republican country, the man makes the business. No matter whether he is a blacksmith, a shoemaker, a farmer, banker or lawyer, so long as his business is legitimate, he may be a gentleman. So any “legitimate” business is a double blessing⁠—it helps the man engaged in it, and also helps others. The farmer supports his own family, but he also benefits the merchant or mechanic who needs the products of his farm. The tailor not only makes a living by his trade, but he also benefits the farmer, the clergyman and others who cannot make their own clothing. But all these classes often may be gentlemen.

The great ambition should be to excel all others engaged in the same occupation.

The college-student who was about graduating, said to an old lawyer:

“I have not yet decided which profession I will follow. Is your profession full?”

“The basement is much crowded, but there is plenty of room upstairs,” was the witty and truthful reply.

No profession, trade, or calling, is overcrowded in the upper story.

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10 of the best lines

Economy is not meanness.

IntroductionKeep reading from here

The foundation of success in life is good health: that is the substratum of fortune; it is also the basis of happiness.

IntroductionKeep reading from here

There is no class of people in the world, who have such good memories as creditors.

Avoid DebtKeep reading from here

If you hesitate, some bolder hand will stretch out before you and get the prize.

PersevereKeep reading from here

“No, no, not so,” said the prophet, “tie thy camel, and trust it to God!”

Whatever You Do, Do It with All Your MightKeep reading from here

He does not know the value of it; nothing is worth anything, unless it costs effort.

Don’t Get Above Your BusinessKeep reading from here

“The basement is much crowded, but there is plenty of room upstairs,” was the witty and truthful reply.

Don’t Get Above Your BusinessKeep reading from here

He who is without a newspaper is cut off from his species.

Read the NewspapersKeep reading from here

People don’t like to pay and get kicked also.

Be Polite and Kind to Your CustomersKeep reading from here

Poor fool! Not to know that the most difficult thing in life is to make money dishonestly!

Preserve Your IntegrityKeep reading from here

All 31 The Art of Money Getting quotes, with the words around each

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Contents

  1. Introduction
  2. Don’t Mistake Your Vocation
  3. Select the Right Location
  4. Avoid Debt
  5. Persevere
  6. Whatever You Do, Do It with All Your Might
  7. Depend Upon Your Own Personal Exertions
  8. Use the Best Tools
  9. Don’t Get Above Your Business
  10. Learn Something Useful
  11. Let Hope Predominate, but Be Not Too Visionary
  12. Do Not Scatter Your Powers
  13. Be Systematic
  14. Read the Newspapers
  15. Beware of “Outside Operations”
  16. Don’t Endorse Without Security
  17. Advertise Your Business
  18. Be Polite and Kind to Your Customers
  19. Be Charitable
  20. Don’t Blab
  21. Preserve Your Integrity

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Text from Standard Ebooks. Standard Ebooks dedicate their edition to the public domain (CC0 1.0). Every passage and line on this page is the book's own words, checked against the text.