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Phineas Taylor “P.T.” Barnum (1810–1891) was an American entertainer and businessman and is remembered as one of the greatest showmen ever. He founded the Barnum & Bailey Circus, which is still famous today for its collection of entertainment and oddities.
Barnum is known for his work as a writer, publisher, philanthropist, and politician. The well-known phrase “There’s a sucker born every minute” is often credited to Barnum, although there is no concrete evidence he said that. He was a key figure in popular culture in America in the mid-19th century and held a large amount of influence.
P.T. Barnum wrote “The Art of Money Getting” to share his business knowledge and teach his readers how to make money successfully. It is an excellent book for anyone interested in learning from an early business leader’s personal successes. Barnum’s writings advocate for a disciplined, ethical, and practical approach to earning and managing money, motivating others to grow wealth.
This is a short book packed with relevant and practical advice. While 20 chapters long, each chapter in “The Art of Money Getting” is only a few pages. P.T. Barnum’s key themes include:
1. Hard Work and Perseverance: Barnum emphasizes the importance of diligent effort and persistence in achieving financial success. He argues that there are no shortcuts to wealth, and consistent work is crucial.
2. Practicality and Common Sense: The book advocates for a down-to-earth approach to business and personal finance. Barnum encourages making sound, practical decisions rather than relying on speculation or get-rich-quick schemes.
3. Reputation and Integrity: Barnum stresses that a good reputation is invaluable in business. Honesty, reliability, and treating others fairly are crucial for long-term success.
4. Value of Time: Barnum highlights the importance of time management, urging people not to waste time on unproductive activities. He advises focusing on tasks that directly contribute to financial growth.
5. Frugality and Smart Spending: Barnum advocates for living within one's means and avoiding unnecessary extravagance. He warns against wasteful spending and emphasizes the need to save and invest wisely.
6. Innovation and Adaptability: Barnum encourages creativity in business, urging entrepreneurs to innovate and adapt to changing market conditions to stay competitive.
7. Customer Focus: Providing real value to customers is central to Barnum's philosophy. He advises focusing on satisfying the public's needs and desires, which, in turn, leads to business success.
8. Self-Reliance: Barnum promotes the idea of taking personal responsibility for one's financial future. He emphasizes the importance of independence, confidence, and not relying on luck or others to succeed.
9. Positive Mindset: A strong belief in one’s potential and the power of optimism are core principles Barnum discusses. He believes that a positive outlook, combined with effort and intelligence, leads to success.
This book is about being financially wise. It focuses on practical processes for acquiring, maintaining, and multiplying wealth. Barnum covers numerous elements within this topic, including the importance of avoiding debt and choosing the right occupation.
The book is relatively short; most editions are less than 100 pages.
"Money is in some respects like fire; it is a very excellent servant, but a terrible master."
"Money is good for nothing unless you know the value of it by experience."
"Whatever is worth doing at all, is worth doing well."
"Fortune always favors the brave, and never helps a man who does not help himself."
"The Art of Money Getting" was first published in 1880.
The book has been published with different covers over the years, but the text has not been revised. "The Art of Money Getting" is also available as an e-book and an audiobook.
You can find this book under the category Online Book Resources About Business.
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If you want to read more books like "The Art of Money Getting," try "Think and Grow Rich" by Napoleon Hill, which has similar ideas on acquiring and multiplying wealth.
Another is "The Richest Man in Babylon" by George S. Clayson, which is another classic on personal finance advice.
The Art of Money Getting (1880)
The Life of P.T. Barnum (1864)
Humbugs of the World (1866)
Barnum's Own Story (1907)
Why I Am A Universalist (1857)
Success Through a Positive Mental Attitude (1959)
Success Habits (2018)
How to Own Your Own Mind (1941)
The Master Key to Riches (1945)
Master Mind: The Memoirs of Napoleon Hill (2021)
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