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5 Keys to Acquiring Wealth From One of the Richest Families in History

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In relative wealth, the Rothschild’s were the richest family in history. Starting in the 1800s, Mayer Amschel Rothschild, along with his five children set up a banking empire that would spread across Western Europe and do business all over the world.

Some stories have postulated the Rothschild’s in a negative light, however there is much to learn from how they acquired their great wealth. Known for having the largest fortune in the 19th century, the Rothschild’s knew five keys to acquiring wealth which can still benefit us greatly today.   

Here are the 5 things you can learn about wealth from the Rothschild family:

1. Ally yourself with the wealthy and powerful

Mayer Amschel-Rothschild learned finance at an early age, but from there he went on to sell rare collectible rings to a wealthy and powerful man in Crown Prince Wilhelm of Hesse, who later went on to a higher title.

Allying with this powerful man who had plenty of reserve to spend on coin was monumental for Rothschild continued to do business and started banking with his client. The lesson comes in two-folds. First, take care of your customers, and they are likely to become your customers again. Second, sell to the richest buyers.

“To listen closely and reply well is the highest perfection we are able to attain in the art of conversation.” – Francois de La Rochefoucauld

2. Sell to the richest buyers

Selling to the wealthy and the nobility was a mainstay philosophy of the Rothschild family dynasty. It started with Mayer Amschel selling to Wilhelm of Hesse as noted before, but the whole family used this key to phenomenal wonders. In fact, there wasn’t anyone bigger that they could sell to and finance with their banks than governments. This is exactly what they did.

The Rothschild family provided value to smaller banks and individuals for loans, but most importantly for national governments when several went off to war against each other all throughout the 1800 and 1900s. These governments with their kings and monarchs were the richest buyers and paid huge sums of interest to build the Rothschild family fortune. If you want to find wealth, sell to those who have wealth and provide them and others with tremendous value.

3. Utilize the supply and demand equation

The Rothschild’s knew business and like many of a similar Robber barons of the 1900s, they controlled the resources that were in demand. This led to them gaining more and more wealth. Already allied with the monarchs and leaders of Western Europe, they were the financiers a country would go to if they needed to finance a war.

The demand was extreme at these times of need and the Rothschild banks were the ones that had the supply of funds necessary. Mayer Amschel did this by placing his five sons in five strategically placed locations around Europe. It is also rumored that the family would fund both sides of a war. While it may not be value in the sensical thought of it, the family filled a need and provided value that was much in demand and this affected millions of people.

If you want to get rich, be on the positive side of the supply and demand equation and make sure what you have is the best suited for your customer’s needs (demand). Supply decreases if you are one of a kind and can achieve for your customers what no one else can. This is when prices also rise for your services.

4. Partner with family or close associates

Part of what made the Rothschild’s so successful was that stood succinctly together in their enterprises. Mayer had a plan and a vision that he had his sons to follow through on magnificently. The brothers were together and aligned in their mission so they could really depend on each other. Sometimes it’s not the best idea to go into business with family, but the lesson is that if you can come to alignment with your trusted allies, then there is no limit to what you can accomplish.

I would also add that it is imperative to have this kind of trust and faithful execution from your employees or subordinates. Employ people you can trust and count on following through on the plan and the vision. When you find these types of people, there is no telling how far you can go.

“Trust is the glue of life. It’s the most essential ingredient in effective communication. It’s the foundational principle that holds all relationships.”Stephen R. Covey

5. Stay humble

There is good reason you can’t find as much information about the Rothschild’s as some of the other industry leaders. The Rothschild’s didn’t court attention and instead went about their business without making frequent headlines for themselves. In looking for documentaries or a lot of information on those who acquired great wealth, you will find the majority of the information on Rockefeller, Carnegie, and J.P. Morgan, yet fewer on the Rothchild’s in comparison.  

The family built several enormous estates and fancy houses, yet there weren’t too many headlines about the family. What is important is that those who did business with the family knew about them and where to find them. The lesson here is that when you become wealthy, the whole world doesn’t have to know. In fact, this can be detrimental in itself. You can stay humble and still go about your business.

The Rothschild’s were a family that knew business and went about acquiring wealth so extraordinarily that great lessons can be found in how they made their accomplishments. Whether you run a small, medium, or even large business, these lessons can prove to be colossal in your success.

How can these keys help you in your business? Comment below!

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How Your Friends Determine Whether You Succeed or Not

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Can anyone do without having friends? We all have our friends, we share ideas with them, talk together, have fun, and fight. Yes, that’s the baseline of friendship. But, do you know that aside from you, your friends can determine whether you achieve success or not?

There are two things in friendship which are the ability to ”love” and the ability to “influence”. This means you are loved and you are influenced. How do your friends affect your success in life? How are they one of the biggest deciding factors of your success? Let’s find out.

What type of friends do you keep? 

First, what type of friends do you keep? Who do you call your best friend? There are two different kinds of friends, good friends, and bad ones. A lot of people have lost their pathway to success and some have also found their road to success all because of the friends they keep, the people they mingle with. 

Who is your best friend? Answer carefully. Having a best friend means you find each other compatible and understanding. Analyze who your best friend is. If your best friend has not motivated you to do something positive, if who you call your bestie has never given you positive advice, lastly if your best friend has never informed and advised you on your shortcomings, then you don’t have a best friend.

This quote tells us “birds of the same feather flock together”. Countless people have changed from their good nature into a bad one all because of friends. One thing to note is, “negative people move with negative aura”. If your best friend is filled with negativity inside-out then you will surely be affected by his/her negative aura.

They influence your success with positivity or negativity 

The friends you keep can either influence you with positivity or negativity because your friends have the power to change your kind of person completely. 

This is how your friends influence you:

  1. They influence you indirectly with what they do
  2. They influence you directly by teaching and giving you advice 

Yes, that is how they influence you. For instance, you watch a movie and you like the way the actor walks. The question is if you truly like the way the actor walks, won’t you try to imitate the actor? Of course, you will.

Just the way you imitate the actor is the same way your friends can influence you with their character. However, the funny part is, they don’t have to teach you to do things like them. You just find yourself imitating and copying them gradually.

An important question to ask is, are you imitating a good friend or a bad one? If you imitate a good friend then you will be good, but if you imitate a bad person, you will surely become a bad person.

Everyone wants to succeed, a good friend will always teach, enlighten, and motivate you for success. A bad friend will only motivate you to do evil things (smoking, drinking, fight, envy,).

And you should know that things like that are a great enemy of success and even of God. So, if you have these bad elements in your life, how will you achieve success? There is no way!

And also, they can teach and advise you directly. But, what do your friends teach you? When you ask them for advice do they inspire you positively or teach you the bad stuff.? A lot of people have regretted lifelong decisions just by listening to the advice of friends. 

The company you keep has the power to influence and change you. Never forget that a positive influence will teach, motivate, and brush you up for success. While a negative influence will inspire you to become a bad person, change your good nature, and leave you with regrets in the end.

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The 3 Step Process to Building a Profitable Pitch

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As a communication coach, one of the top questions entrepreneurs ask me is how to deliver a winning pitch to potential investors. They want to know if there’s a magic formula to get an investor to say yes and buy into their dream and their business. (more…)

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The 4 Pillars of Wealth and Abundance

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Have you ever wondered what the formula for a wealthy and abundant life is? Many people have. Lots has been written about the subject of wealth creation and living an abundant life. It was a breaking point in my journey and pursuit of success when I found out that there is a clear path to achieve success in life. Thanks to those who have shared their journey, we can clearly see and follow the principles of prosperity. (more…)

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Here Are 4 Reasons Why You Should Have a Podcast, Youtube Channel or Online Show

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Confidence comes from a place of strong understanding of self. After close to three years on radio, I’ve grown from a shy introvert to a shy introvert with an extrovert persona. When the mic is turned on, I can channel a version of myself that some say is attractive, strong, and of course, confident but it wasn’t always this way.

What I want to share with you is what I discovered on this journey into broadcast that you can apply to your life, your ventures, and your personal development. This doesn’t require any fancy gear. It does require a leap of faith on your part because once you go down the road of media; it can change your life.

1. Perceived Expertise

When you go to a doctor, you expect their knowledge will guide them to a solution to your problems. When you have a show, you become your listeners’ doctor. For all the multiple thousands, maybe millions, of YouTube channels, podcasts, and user-created content in the world, each person that gets behind a mic takes a position on their passion, their opinions, and their themes.

They challenge the status quo for the benefit of their listeners in hopes to entertain and educate. With consistency on your side, those fans place you on a platform and give you permission to influence them.

2. Global Acknowledgement

One of the benefits to increasing confidence is when you receive thank you notes from people you may never meet. The feeling of enriching someone’s life from halfway around the globe, provides validation you’re enhancing someone else’s life with your wisdom and your wit.

The very first time I was told I was making a difference in someone’s life in a country other than my own, I felt like I caused massive impact that transcends my circle of influence. When you experience just how much you can cause impact and it comes back to you, it’ll change your worldview.

“Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems.” – Zig Ziglar

3. Backed By Numbers

One of the most exciting ways to measure success is to quantify your growth. It’s not enough to just broadcast. Having subscribers and downloads helps to know, numerically, how well you’re doing. Word of caution. This can be a way to set yourself up for distress because of number envy but if you understand what the numbers mean; you can control the narrative of the numbers.

The major number that makes most people smile is 10,000. I’d advise it to be 1. Here’s why. As you grow in your industry, so does your reach. If you learned that the one person that subscribed totally changed for the better because of you, wouldn’t that be worth the effort?

4. Effective Communication

While it’s not talked about much, having a show is documentation. You create a dynamic account of your life, your industry, and the pulse on what’s important simply by having a show. When you find a channel to improve your communication skills, you demand attention and people will listen to you. You become more trusted as a leader and people will follow you once they believe you can lead them to their wants and needs.

“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins

These insights have helped many people become leaders and, ultimately, move others to their best selves. It’s worked for me and I hope it works for you. At the end of the day, it’s all about showing up and showing out.

Have you ever thought about having a radio show? If so, what would you talk about? Let us below!

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