Not many people can claim to be so great success as Henry Ford, but the simple principles which he employed to achieve his personal fortune provide insights for anyone who wants to improve its financial situation. Henry Ford didn't start trying to make mountains of money. He rarely mentioned money during his childhood and early adulthood. Instead, his attention was directed to pursue his deep interest in machine building.
This desire to spend your time creating machines turned into a passion for building cars. He followed his passion and increasing income levels eventually would follow him. He gave himself a good corporate job to chase this dream, without guarantee of financial gain. However, by disregarding the comments disheartening received, keep a conservative vision of money management and debt and leaving the security of your enterprise, Henry Ford became a passion, which then gave him the freedom to live the life of your dreams. Here are five financial lessons that we can learn from his journey as an amateur industrial.
1. Henry Ford developed skills that allowed him to live his passion.
Henry Ford was fascinated with time machines that he was a boy. Even if your enthusiasm for tinkering with metal and tools was discouraged by his father a farmer and later their bosses, as he became a young adult, he continued to pursue these interests.
Ford followed his own vocation and continually taught himself to build tools and machines. He spent all his free time working on your interests. This allowed him to hone his mechanical skills to such a fine tip that his technical skill could be used in the creation of a new horseless car. From the beginning very modest built his first car on his own in his garage after work. This car has sold millions and millions more in the next 100 years. Even though he was highly criticized and discouraged, with the exception of Thomas Edison on one occasion, his passion became a valuable idea into reality that provided him the means to live his dream and pursue their interests.
2. Henry Ford quit your day job.
Henry Ford remarked in his own biography of my life and work that his childhood was average financial point of view. The family is facing difficult times, but not seriously were incredibly successful either. As a child, worked on the farm of his parents, he received basic education in a school room where he was appointed to the back row of tables and would visit the city with his father in a horse drawn wagon.
As a young adult, he worked for Edison and was paid $ 45.00 per month. Years later, as an engineer, he was making $ 125.00 per month. It should be considered a valuable asset to the company he worked for because they offered a higher paying job, if only he would quit talking about chasing your dreams of building cars. He left the job on the same day.
3. Henry Ford never stopped studying and learning.
A dash of successful people in any arena is his devotion to constant learning. Henry Ford stated many times that the long hours put into practice and studying ways to improve your skills seems to never work when you're excited by it. His Ford upper still working for someone, but he showed plenty of ways to get better with machines and tools in their "off" the clock time. He got a part-time job with a jeweler, and using the ability to repair watch that he had taught himself, he became much better with mechanical parts repairing hundreds of watches. Another example was his garage workshop. Late into the night he would work at the store and build mock cars with engines and spare parts and scrap he had collected.
Some people looking to learn and study prospect bored even a student sitting room series near the window in class on a beautiful spring day. Rather than think of learning as a burden or a barrier to fun, successful people look to the exercises refine the skills are passionate as interesting and exciting work. Your passion can not be the only thing that currently allows them to earn income. However, developing skills that not only exciting, but can be transformed into a life that supports you, is a good marker of success in the future.
His work ethic brought consistent success that led to even greater reward.
You can read more about this story and personal characteristics of Henry Ford with BowmansMoneyCollege.commoney.
Mike Bowman
College money Bowman
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