Oil King Rockefeller: "The one who works all day is the one who doesn't make any money"

   Oil King Rockefeller: "The one who works all day is the one who doesn't make any money"

This is one of the famous sayings of oil billionaire John Rockefeller. He believes that people who do not take time to take care of themselves will not make money. According to him, taking care of yourself starts with simple things like having a healthy diet, drinking plenty of water, exercising and getting enough sleep.

Young people today want to be independent from their families, live the lives they want, and be able to afford things they couldn't before. Many people rush to work to earn money and do not pay much attention to their most valuable asset, their health. Overwork also affects brain power as well as the development of creative thinking.

Billionaire Rockefeller advises employees not to spend most of their time (except sleeping) working, but to pay attention to other aspects of life.

At age 16, John D. Rockefeller entered the business world as an accountant at Hewitt and Tuttle, an agricultural brokerage in Cleveland, Ohio. Two years later, dissatisfied with the low salary, Rockefeller quit his job to start a business that also operated in the field.

It wasn't long before it became one of the best companies in Cleveland and his name was more widely known. Not stopping there, he teamed up with a chemist to set up one of the first oil refineries in the US called Standard Oil. By 1865, it was the most profitable company in the world.

Rockefeller is also considered the world's first billionaire and richest person in modern world history with an estimated peak Net worth of $418 billion (in 2019 dollars; adjusted). inflation) in 1913. His personal fortune was estimated at $900 million in 1913, roughly 3% of the US GDP of $39.1 billion that year.

Rockefeller said there are 5 key principles that helped him achieve this success. Here are those principles:

1. Always tell the truth

Rockefeller was an honest man. Bankers love this point of his and are willing to cooperate and support most of the billionaire's business projects because they trust him.

Rockefeller built his work culture on honesty. He asked people to always tell the truth and take responsibility for their words and actions. He once said: “The most important thing for a person is to build prestige, reputation and character.”

2. Attention to detail

Ron Chernow talks about Rockefeller's attention to detail in his bestselling book. From looks, morning routine, daily routine, professional relationships, obsession with numbers, Rockefeller pays attention to every detail. These small details combine to create the most powerful businessman in the world. In addition to paying attention to his work, the oil tycoon also spends his precious time getting to know the people who work with him better and always respects everyone.

3. Build a great team

Rockefeller treated him fairly and paid his subordinates well. He was one of the first entrepreneurs to allow employees to directly submit complaints or suggestions. More than anyone else, he understood that to build a great business, he needed a great team.

To do that, he focuses on EQ (emotional intelligence). He once said: “The ability to interact with people around and solve problems is as valuable as commodities like sugar or coffee. I am willing to pay more for that ability.” And a team with both expertise and emotional intelligence has helped him achieve many successes.

4. Take care of yourself

In his memoir, Rockefeller talks about the importance of taking care of yourself. He warned people not to sacrifice their health just to get rich. He advises employees not to spend most of their time (except sleeping) working, but to pay attention to other aspects of life. And he is the best example: By taking good care of himself, he lived to be 97 years old.

One of his best quotes is "The one who works all day is the one who doesn't make any money". Rockefeller believes that people who don't take the time to take care of themselves don't make money. According to the billionaire, taking care of yourself starts with a good night's sleep, drinking plenty of water, exercising and eating right.

5. Focus on goals

Rockefeller was always focused on his goals, consistent with his habits, and persistent with his approach. When he moved to Cleveland, he took finding a new job seriously. He wears a black suit, cleans his beard, polishes his shoes, and is ready to offer his services. Rockefeller kept his primary goals as the driving force behind action. Thanks to that, he achieved great success in his career.

Thank you for reading, apply Rockefeller's philosophy of success to make your life better!