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Acres of Diamonds by Russell Conwell

The Rabbit Hole is written by Blas Moros. To support, sign up for the newsletter, become a patron, and/or join The Latticework. Original Design by Thilo Konzok.

Key Takeaways
  1. Most of us look for success anywhere and everywhere except right where we stand, and yet that’s where success can be found. It makes not so much difference where you are as who you are.
  2. To make money honestly is to preach the gospel. 98 out of 100 of the richest Americans are rich because they are honest. That is why they care on great enterprises and find plenty of people to work with them. It is because they are honest men
  3. Money is power and you ought to be reasonably ambitious to have it. You ought because you can do more good with it than you could without it.
  4. Love is the grandest thing on God’s earth, but fortunate the lover who has plenty of money.
  5. A man can judge very well what he is worth by what he receives
  6. The difficulty was that I had not learned then that the foundation of godliness and the foundation principle of success in business are both the same precisely. Treat others as you would be treated, do this kindness and you shall receive rewards yourself which it will be your duty to take
  7. The man who has gone through life dividing always with his fellow men, making and demanding his own rights and his own profits, and giving it to every other man his rights and profits, lives every day, and not only that, but it is the royal road to great wealth
  8. The moment a young man or woman gets more money than he or she has grown to by practical experience, that moment he has gotten a curse. Don’t regard an inheritance as a help. There is no class of people to be pitied so much as the inexperienced sons and daughters of the rich of our generation. I pity the rich man’s son. He can never know the best things in life. One of the best things in our life is when a young man has earned his own living, and when he becomes engaged to some lovely young woman, and makes up his mind to have a home of his own. Then with that love comes also that divine inspiration toward better things, and he begins to save his money. He begins to leave off his bad habits and put money in the bank.
  9. The discipline of a poor boy is worth more than a university education to any man. Just ask Vanderbilt’s son who took a $3/week job after he learned his father earned his fortune all by himself and wouldn’t take any of his father’s money
  10. Known demand. That one thing is the secret of success. You must first know the demand. You must first know what people need, and then invest yourself where you are most needed. When you know what people need you have gotten more knowledge of a fortune than any amount of capital can give you
  11. True greatness is often unrecognized
  12. Lincoln’s rule was this: whatsoever he had to do at all, he put his whole mind into it and held it and held it all there until that was all done. That makes men great almost anywhere
  13. Greatness consists not in the holding of some future office, but really consists in doing great deeds with little means and the accomplishment of vast purposes from the private ranks of life. To be great at all, one must be great here, now.
What I got out of it
  1. Every minute of every day allows us an opportunity to change, to take advantage of an opportunity. Known demand is a key rule in business