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10
Apr
While J. Paul Getty believed that luck, knowledge and hard work were all necessary (with an emphasis on hard work) to become a millionaire, he insisted the single most required trait, is the millionaire mentality.
In his book, How to Be Rich: His Formulas
, Getty also talked about the four categories that most men fall into. Which category do you fit in?
“The Millionaire Mentality is one which is always and above all cost-conscious and profit-minded.”
–J. Paul Getty
Category 1
People who will only work entirely for themselves.
Category 2
People who prefer to be employed by others, but share in the profits.
Category 3
People who are content to work for others with a set salary, and perhaps a small increase in wages from time to time.
Category 4
People who work for others, but have no concern about the overall financial health of the company.
I belong firmly to category 1 and prefer to hire category 2 types while partnering with other category 1’s. There is definite value in employing category 3 types, that generally work under supervision of category 2 people.
Do you possess the millionaire mind?
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This blog provides programming, design, business and productivity content for tech entrepreneurs living in a 2.0 world.
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April 17 2008
If I’m a number 1 with a little of 2, am I doomed to be poor?
April 18 2008
Category 4 is doomed to be poor.