Book Summary

how to get rich

By Felix Dennis
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The book, "How to Get Rich" by Felix Dennis, was first published in Great Britain in 2006, This book is about how to getting rich, emphasizing execution and ownership.

In How to Get Rich, Felix Dennis, an entrepreneur who became wealthy without a college degree or money to start. He shares honest advice about how to become rich. He didn’t write the book as a typical self-help guide, but as a personal story based on his own experience. Dennis believes that most people with average intelligence can become rich if they are motivated and work hard. He says that in Western countries, things like race, gender, background, or lack of education don’t have to stop you. But he also admits that mental illness, old age, or memory problems can make it much harder to get rich, unless the money is inherited or won.

One of the main ideas in the book is that taking action is more important than just having good ideas, a great idea means nothing if you don’t do something with it. Dennis says it’s very important to own as much of your business as possible, not just rely on a salary or company shares. To succeed, you need to face your fear of failure, because being afraid to fail in front of others can hold you back. He also says it’s important to find and support talented people, because they help the business grow. You need to keep working hard, trust your gut, focus on making money, choose the right market, do great work, and be brave.

Dennis also shares tips on how to stay rich. He says you should forget about money once it's spent or invested, avoid lending money to friends or family, and stop spending on things you don’t really need. He encourages leading your team with confidence and taking care of your health. He also reminds readers to pay their taxes and not to take money from their business in the wrong way. His "Eight Secrets to Getting Rich" include being passionate, taking action, staying focused, trusting others with tasks, owning your business, knowing when to sell, being brave, and making good use of your time. In the end, Dennis warns that money can harm your true self, which means giving up your values, damaging important relationships, losing your happiness and peace of mind, and becoming tough, lonely, and maybe even suspicious. This is the result of the constant pressure and effort needed to get and stay rich, which the author says slowly harms your true self and inner well-being.