DISCLAIMER

I am not a registered investment advisor with the SEC. Nothing in this video, should be taken as legally binding investment advice, in the same way that SEC licensed stockbrokers can advise their clients. I am not “selling” any stocks or OTC penny stocks as a broker in this video. The purpose of this video, is only to offer guidance to those who are interested in educating themselves, about self-directed investing and Biblically Responsible Investing (BRI).

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Dave Ramsey usually talks about debt-payoff, budgeting, saving, and investing in mutual funds as the “way” to get rich. Unfortunately, he frustrates and annoys many young men because of his lack of attention to the actual art of money-making. Its always great to know what you should do if you’re already rich in the first place. But the issue of how a person with a low income can become a person with a high income is hardly ever addressed by him (the rags-to-riches question). However, here is one of those rare moments where he talks about it. Just like William Mathews and the Puritans, his recommendation for increasing income is to…

1. Start your own business with the business talents you already have (side-hustle).

2. Start doing commission-based sales (again, as a side-hustle). The example he uses is from a person in the real estate industry (the same line of business he’s in).

BOOKS THAT ARE DIRECT AND
TO THE POINT ABOUT INCREASING YOUR INCOME

1. Paul and Sarah Edwards’ Secrets of Successful Self-Employment (Nightingale-Conant).

2. P. T. Barnum’s Art of Money Getting (Applewood Books, 1999).**

3. James Mills’ The Art of Money Making; or, The Road to Fortune (1872).

4. Andrew Carnegie’s The Empire of Business, ch. “How to Win Fortune.”

5. Richard Steele’s The Religious Tradesman, ch. 4, “Of Diligence.”



** Irvin Wyllie, The Self-Made Man in America, p. 70 says that Barnum’s book taught lying, cheating, stealing as a way to make money.