“How to Get Rich” and the First-Borns

A few days back, I happened to read a discussion in Hacker News on a book “How to Get Rich”, authored by Felix Dennis, who is one of the richest self made man in the UK. He is the owner of Dennis Publishing whose publications include “The Week” and “Maxim”. Starting out from nothing, he went on to build one of the biggest fortunes worth at least $400 millions by conservative estimates.

I usually never buy such books which tout to make its readers rich, and instead spend it on learning a new technology. But, based on whatever I read in Hacker News (by users, who are more like me) and searching for more stuff on the internet, I decided to try it out. So, when my wife and I went to Landmark (Chennai, India) for purchasing gifts to be given away on my son’s second birthday, I used the opportunity.

The book does not seem to be very popular here, yet. Was not available in the best sellers. I sought help and the salesman helped me find my copy from a remote corner of the store. Happy that I did not have to wait to get my hands on this book.

The better part of Sunday evening went into this book. Will share my experience from the reading, in the days to come.

From whatever I have read until now, I would say that I did not find stuff, that was different from what I believe already. But it is nice to know that one of the richest man has very much similar thoughts, when it comes to running businesses.

In the preface, Felix Dennis’ answer to “Honestly speaking, what kind of people get to become rich ?” among other information includes..

“There is a confidence that radiates from first-born sons and daughters. Not in all the cases I’ve observed, but in too many for it to be a coincidence. A similar confidence is to be observed, more often than not, in people who are rich, no matter whether they were born with it, inherited it or acquired it through their own efforts.”

I believed this for a long time, apart from the other point that the first-borns are better at handling money. They usually save better, instead of spending it off on luxuries. They tend to be more concerned about their studies and mostly end up with better grades and settle in better jobs, relatively speaking. Again, I have known more than a few examples for this to be coincidence.

Probably this has got something to do with getting to know the financials in running the family, while shielding such problems or how they got solved, from younger siblings.

Felix continues..

“Whatever qualities the rich may have, they can be acquired by anyone with the tenacity to become rich. The key, I think, is confidence. Confidence and an unshakeable belief it can be done and that you are the one to do it.”

Yes, I know. I am “the one” who is going to do it. Come on Felix, tell me something I don’t know already 😉 !!

I am not sure if Wachowski Brothers’ “The One” is a first-born. But I agree that Felix’s “the one” and Neo have at least one thing in common, “the confidence that it can be done and that you are the one to do it”. That belief is undoubtedly essential.

More experiences from reading the book, will follow. In case you want to check out the reviews, here is a quick link : How to Get Rich: One of the World’s Greatest Entrepreneurs Shares His Secrets

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2 Responses to “How to Get Rich” and the First-Borns

  1. Kiran Darisi says:

    But how come the coincidence will help for the success ?

    Kiran

  2. rrajkumar says:

    Kiran,

    It is confidence that matters. The discussion was related to whether higher confidence among first-borns is a coincidence or not.

    Felix Dennis feels it is not a coincidence. According to him, first-born sons and daughters usually have better confidence, which gives them a higher probability of becoming rich.

    Thanks for dropping by.

    R.Rajkumar

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