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How to Get Rich book cover
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How to Get Rich

by Felix Dennis

How to Get Rich

Three Key Messages

  1. Anyone Can Get Rich: Nearly anyone with reasonable intelligence can achieve wealth through motivation and dedicated effort.

  2. Execution Over Ideas: Execution is far more crucial than having a “great idea”—taking action is the key to success.

  3. Wealth Definition: “Rich” means having total assets valued between $30 million to $80 million.

Key Quotes

“If I had my time again, knowing what I know today, I would dedicate myself to making just enough to live comfortably as quickly as I could—hopefully by the time I was thirty-five…”

“You are going to die. Nothing can alter the fact. It sets you free.”

Main Themes and Concepts

Self-Improvement Rejected

Emphasizes confidence, unshakable belief, and commitment over self-improvement.

Know When Enough is Enough

Real winners recognize and respect their limits.

Harness Fear of Failure

Face fear, make prompt decisions, and avoid endless debates.

Prepare to Pay the Price

Expect public failures, disregard others’ opinions, work long hours, and believe in yourself.

Recognize growing industries with low startup costs; value inclinations and trial-and-error.

Ideas are Cheap, Execution Matters

Making money matters more than proving an idea “right.”

Raising Money

Understand venture capital’s short-term focus and secure legal advice during negotiations.

Common Start-Up Errors

Avoid confusing desire with compulsion and underestimating cash flow.

Focus & Timing

Good timing and targeting wealth-gravitating industries are essential.

On Hiring Talent

Hire smarter talent, listen more than you speak, and value external perspectives.

The Upside-Down Pyramid

Includes commitment, cutting negative influences, choosing the right path, fearlessness, and immediate action.

The Perils of Wealth

Caution against recklessness; prioritize security and maintain passion beyond moneymaking.

The Eight Secrets

Analyze your need, cut negatives, focus on execution, hire smart talent, value ownership, sell strategically, fear nothing, and give back.