Billionaire Rockefeller's Lesson for Children: 3 Skills to Become Rich

Rockefeller Became The Richest Person In Modern History

John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was the richest American business magnate and philanthropist of all time and the richest man in modern history. He is also the founder of the illustrious oil empire - Sᴛaɴdard Oil Corporation and is nicknamed "Oil King".

In 1916, the fortune of Rockefeller Sr. accounts for nearly 2% of the national economy, and if adjusted for par value, today his fortune would be worth about $418 billion.

During his great life, Mr. Rockefeller left his son and posterity many valuable lessons on how to get rich. This billionaire once told his son: You can't make a lot of money by working hard! If you want to become rich, you need to rely on these 3 abilities:

1.Social Skills

In a letter to his son, Rockefeller wrote: "Social relationships are very important". However, the relationship network cannot be based on flattery, but must be increased through these two ways.

The first is to make yourself stronger. A person's self-worth will attract others to approach. So Rockefeller educates children to read more books from an early age, to increase life experience, improve knowledge, and business ability. Only people with high self-worth can attract a strong relationship network.

The second thing is to help others. Helping when others are in trouble, is actually to bless yourself and plan your own life. Therefore, children need to be developed social skills such as sharing, helping and praising others, etc.

Rockefeller also advised his son not to associate with two types of people in this life: One who is equal to the status quo and completely surrendered. They only believe that opportunities are only for the lucky ones. Two are those who give up halfway and give up on themselves.

2.The Ability to Resist Failure

“Always maintain confidence, fighting will and strict requirements with self. Whoever can do these three things cannot fail to be successful or do well," said billionaire Rockefeller.

In the early days of his business, Rockefeller experienced a huge failure, making him almost fall in love. However, the King of Oil did not fall, but quickly regained his composure, went out for a few walks and thought about how to turn the crisis into a business opportunity. Thanks to that, he earned a lot of money.

Rockefeller told his children: A person's worst bankruptcy is actually mental bankruptcy. If you think you are going to fail, you will fail. Facing difficulties and obstacles, we must be firm and believe that “failure is the mother of success”!

Therefore, the ability to cope with failure must be trained by parents from a young age.

3.Ability to Control Money

"Just wait and see, one day I will be the richest man in America!", is what billionaire Rockefeller once claimed and he really did.

Rockefeller was very happy to talk about money with his children, he even said: "It's not wrong to like money, the more you want to make money, the more money you have." Rockefeller said that if you want to make a lot of money, you must have ambitions to get rich and even scream those ambitions!

Of course, it is not enough just to have ambition, but also to have the ability to control money. Rockefeller believes that to make a lot of money, you must first be sensitive to numbers, especially financial statements and books.

To improve his financial ability, Rockefeller gave him an allowance as a child. He asked his children to divide the money into three parts, one to keep, one to buy necessities, and the other to do good deeds at a fixed time each week.

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