Advantages of Poverty, by Andrew Carnegie, is a dynamic book that encapsulates the life and wisdom of the millionaire philanthropist with brief biographical information along with portions of his other essays. You will discover the attitude of selfless giving that motivated this innovative businessman who helped various communities, charities, and organizations to achieve greater success during his day. The wisdom of the steel tycoon who immigrated from Scotland will undoubtedly inspire you to recognize the advantages of an exceptional work ethic that overcomes poverty and lack. I have had to deal with great sums. Many millions of dollars have since passed through my hands. But the genuine satisfaction I had from that one dollar and twenty cents outweighs any subsequent pleasure in money-getting. It was the direct reward of honest, manual labor. --ANDREW CARNGIE
Scottish-born American philanthropist Andrew Carnegie amassed a fortune in the steel industry and donated millions of dollars for the benefit of the public.
He led the enormous expansion in the late 19th century. He built a leadership role for the British Empire. During the last 18 years of his life, he gave away $350 million (in 2011, $225 billion), almost nine-tenths, to charities, foundations, and universities. His article, proclaiming "The Gospel of Wealth," in 1889 called on the rich to use their wealth to improve society, and it stimulated a wave.
The book is very small... roughly A6 sized book with almost 50 pages. The book was good and I really enjoyed knowing the author's story and his perception on poverty. I will surely not disclose the content yet in short this book just tries to give poverty a positive image and also shows the negative side of being rich. It isnt a dummy that teaches you how to become rich. I did enjoy reading it but the last section took away my interest. It became confusing as there were long sentences with difficult words used to share multiple thoughts & information separated by commas. At some point I couldnt understand what the author is trying to say. The last section could have been much organized.
The philosophies behind wealth creation and wealth retention are clearly communicated in this short essay. From his examples and sources, Mr. Carnegie proves that long-term wealth is only ever created and sustained when the process of that wealth creation is appreciated. All in all, this is my go-to book on the philosophy of wealth.