Young men starting in life should avoid running into debt. There is scarcely anything else that drags a person down like debt. It is a slavish position to get ill, yet we find many a young man, hardly out of his “teens,” running in debt. This has been going on for centuries as long as men and history could remember. He meets a chum and says, “Look at this: I have got trusted for a new suit of clothes.” He seems to look upon the clothes as so much given to him; well, it frequently is so, but, if he succeeds in paying and then gets trusted again, he is adopting a habit which will keep him in poverty through life.
Debt robs a man of his self-respect, and makes him almost despise himself. (How Real-World Lessons Shape Success and Failure)
Good Health is the Foundation for your Fortune :
The foundation of success in life is good health: that is the substratum fortune; it is also the basis of happiness. A person cannot accumulate a fortune very well when he is sick. He has no ambition; no incentive; no force. Of course, there are those who have bad health and cannot help it: you cannot expect that such persons can accumulate wealth, but there are a great many in poor health who need not be so. (How Real-World Lessons Shape Success and Failure)
Be Strong Enough to Face the Reality:
Perseverance is sometimes but another word for self-reliance. Many persons naturally look on the dark side of life, and borrow trouble. They are born so. Then they ask for advice, and they will be governed by one wind and blown by another, and cannot rely upon themselves. Until you can get so that you can rely
upon yourself, you need not expect to succeed.
Work at it, if necessary, early and late, in season and out of season, not leaving a stone unturned, and never deferring for a single hour that which can be done just as well now. The old proverb is full of truth and meaning, “Whatever is worth doing at all, is worth doing well.” Many a man acquires a fortune by doing his business thoroughly, while his neighbor remains poor for life, because he only half does it. Ambition, energy, perseverance, are indispensable requisites for success in business. Fortune always favors the brave, and never helps a man who does not help himself. (How Real-World Lessons Shape Success and Failure)
List Down Your Work and Do Your Part of work without Fail :
Do your part of the work, or you cannot succeed. One night, while encamping in the desert, overheard one of his fatigued followers remark: “I will loose my camel, and trust it to God!” “No, no, not so,” said the prophet, “tie the camel, and trust it to God!” Do all you can for yourselves, and then trust to Providence, or luck, or whatever you please to call it, for the rest.
No man has a right to expect to succeed in life unless he understands his business, and nobody can understand his business thoroughly unless he learns it by personal application and experience. A man may be a manufacturer: he has got to learn the many details of his business personally; he will learn something every day, and he will find he will make mistakes nearly every day. And these very mistakes helps to him in the way of experiences if he needs them. There’s a little information to be gained every day. (How Real-World Lessons Shape Success and Failure)
Also Read : How to Become a Successful Entrepreneur
Use the Best Tools :
There is no such thing in the world as luck. There never was a man who could go out in the morning and find a purse full of gold in the street today, and another tomorrow, and so on, day after day: He may do so once in his life; but so far as mere luck is concerned, he is as liable to lose it as to find it. “Like causes produce like effects.” If a man adopts the proper methods to be successful, “luck” will not prevent him. If he does not succeed, there are reasons for it, although, perhaps, he may not be able to see them.
Men in engaging employees should be careful to get the best. If you get a good one, it is better to keep him, than keep changing. He learns something every day; and you arc benefited by the experience he acquires. He is worth more to you this year than last, and he is the last man to part with, provided his habits are good, and he continues faithful. If, as he gets more valuable, he demands an exorbitant increase of salary; on the supposition that you can’t do without him, let him go.
Accept Your Failures :
Nine out of ten of the rich men of our country today, started life as poor boys. With their determined perseverance and good habits, they went on gradually, made their own money and saved it. This is the best way to acquire a fortune. “There is no royal road to learning,” says the proverb, and I may say it is equally true, “there is no royal road to wealth.” But I think there is a royal road to both. The road to learning is a royal one; the road that enables the student to expand his intellect and add every day to his stock of knowledge. So that he is able to solve the most profound problems.
Many persons are always kept poor, because they are too visionary. Every project looks to them like certain success, and therefore they keep changing from one business to another. The plan of “counting the chickens before they are hatched” is a mistake, but it has to improve by age. Money is good for nothing unless you know the value of it by experience.