Chapter 6 The sixth letter: Mortgage for the future

Motto: Borrow money to create good luck. Whether it is to win wealth or to win life, excellent people think not what will happen to me if I lose, but what I should do to become a winner. (We are continually faced by greater opportunities brilliantly disguised as insoluble problems) April 18, 1899 Dear John: I can understand why you always feel a little uneasy about using the money you borrowed from me to go to the stock market.Because you want to win, but you are afraid of losing in that adventurous world, and the money you lose is not yours, it is borrowed, and you have to pay interest.

This feeling of not being able to lose seems to have dominated me from the beginning of my business and even after I became more successful, so that every time before taking out a loan, I would wander between prudence and risk, struggling, and even night and day. Unable to sleep, lying in bed began to calculate how to repay the debt. It is often said that those who take risks often fail.But what about idiots?After my fear of failing, I always pull myself together and decide to borrow money again.In fact, I had no other way to progress, I had to go to the bank for a loan. Son, presenting before our eyes is often a great opportunity to skillfully resolve difficult problems.Borrowing money is not a bad thing, it won't break you, as long as you don't think of it as a life buoy that you only use in times of crisis, but as a powerful tool that you can use to create opportunities .Otherwise, you will be mired in the fear of failure, allowing fear to tie the arms of your otherwise great achievements, and ultimately no great achievements.

Among the rich people I know or know, there are very few people who earn money by themselves bit by bit and accumulate over time, and more people get rich by borrowing money. The reason for this is not profound. The transaction is far less profitable than the one hundred yuan transaction. Whether it is to win wealth or to win life, excellent people think not what will happen to me if I lose, but what I should do to become a winner. Borrowing money is to create good luck.If mortgaging a piece of land could borrow enough cash to give me a larger piece of land to myself, I would jump at the opportunity without hesitation.When I was in Colliforland, in order to expand my strength and win the top position in the oil refining industry in Colliforland, I owed huge debts many times, and even mortgaged my business to the bank. As a result, I succeeded. I have created astounding achievements.

Son, life is a process of constant mortgages. We mortgage our youth for our future, and our lives for happiness.Because if you dare not approach the bottom line, you lose.Isn't it worth risking our mortgage for success? Speaking of mortgages, I want to tell you that when I took a huge sum from my banker, I mortgaged not only my business, but also my honesty.I regard contracts and contracts as sacred things. I strictly abide by the contracts and never default on my debts.I never forget to be honest with investors, bankers, customers, including competitors. I insist on telling the truth when discussing issues with them, and never fabricate or equivocate. will manifest.

The rewards of giving honesty are huge. Before I walked out of Colliforland, those bankers who knew my character rescued me from crises that were difficult to escape time and time again. I vividly remember one day when one of my oil refineries caught fire and took a lot of damage.Since the insurance company was unable to pay the insurance money for a long time, and I urgently needed a sum of money to rebuild the business in the rubble, I had to ask the bank for an additional loan.Now when I think about the scene of the bank loan that day, I am very excited.Originally, in the eyes of those short-sighted bankers, the oil refining industry has long been a high-risk industry, and providing funds to this industry is no less than a gamble. In addition, my oil refinery has just been destroyed by a fire, so some bank directors are very serious about me. He hesitated to make additional loans and refused to lend money immediately.

Just then, one of you kind men, Mr. Stillman, asked a clerk to bring up his own safe, waved the other directors, and said, "Listen, gentlemen, Mr. Rockefeller And his partners are very good young people. If they want to borrow more money, I implore you to lend them without hesitation. If you want to be more safe, there are, and you can take as much as you want How much." I won over the banker with my honesty. Son, honesty is a method, a strategy.Because I pay honestly, I have won the trust of bankers and even more people, and because it has overcome difficulties one after another, I have embarked on a rapid road to success.

Today, I don't need to turn to any bank, I am my own bank, but I am forever grateful to the bankers who have helped me so much. Your future may be managing a business, and you need to know that the purpose of running a business is to make money.Expanding a business can make money, but taking out the business as a mortgage is also an important matter in managing and using money.If you only focus on one function and neglect another, you will invite failure; in the worst case, financial ruin, and in the better case, many missed opportunities. Managing and using money is not the same as deciding to make money. It requires a different belief.To manage and use money, you must be willing to be hands-on and manage numbers yourself, not just talk about management and strategy.God is in the details.If you neglect to post these details, or go beyond the details and delegate this kind of "chores" to others, you are ignoring at least half of the important responsibilities of running your business.Details should never get in the way of enthusiasm, and success is when you remember two things: one is tactical and the other is strategic.

Son, you are on your way to earning a great life, which is what you have been aiming for, and you need to be brave, be brave. love your father