Episode 019- Andrew Carnegie, the Original Pittsburgh Steeler

Get inspiration from Andrew Carnegie’s rags to riches story. He literally came from nothing and ascended to holding the title of the wealthiest man in the world at one point being wealthier than John D Rockefeller.

Andrew Carnegie was the original Pittsburgh steeler.

He started working a job as soon as he arrived in America at 13 years old.

Eventually, he made investments and went into business.

His decisions paid off and used the last 18 years of his life giving his fortune away.

Andrew Carnegie became wealthy through his business, Carnegie Steel Company and after selling it to JP Morgan in 1901, Carnegie realized “extreme” wealth.

His net worth peaked at about $309 billion adjusted for inflation.

Carnegie made 3 statements called the “Andrew Carnegie Dictum,” which summarized his life’s objectives. It read:

  • To spend the first third of one’s life getting all the education one can.
  • To spend the next third making all the money one can.
  • To spend the last third giving it all away for worthwhile causes.

What did he have to say? Quotes from them.

  • Successful men should help lift the unsuccessful into more productive lives, thought Andrew Carnegie, and a man who neglects this duty and dies rich, he insisted, “dies disgraced.

 

SUCCESS QUOTE

“You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.”  – Robert Kiyosaki

 

Sources:

https://en.wikipedia.org/wiki/Andrew_Carnegie

http://www.biography.com/people/andrew-carnegie-9238756

https://www.carnegie.org/interactives/foundersstory/#!/

http://www.pbs.org/wgbh//amex/carnegie/peopleevents/pande01.html

https://www.britannica.com/biography/Andrew-Carnegie

http://www.nytimes.com/2007/10/21/travel/21footsteps.html

http://www.philanthropyroundtable.org/almanac/hall_of_fame/andrew_carnegie

Categories: Entrepreneurship, NaRagstoRiches Show

Leave a Reply

Your email address will not be published. Required fields are marked *