Success Formula

I recently saw J. Paul Getty’s formula for success – rise early, work hard, strike oil. At first glance you may be tempted to dismiss it as a kind of ‘win the lottery’ type of success, however, a closer look yields a lot of information.

First, his goal was to strike oil. It was not a random happening. This was what he was working hard to achieve.

Next, the oil business is a residual income business. Once he struck oil, he was able to receive money from that well for a long time to come. As he brought in more and more wells, his money freedom and time freedom increased.

A modern retelling of the formula would be rise early, work hard and achieve success.