Andrew Carnegie – Visionary Businesman and Philanthropist

 

Andrew Carnegie was one of the most famous and wealthy industrialists of his day. His Carnegie Steel Company was one of the businesses that formed US Steel.  Carnegie sold is company to US Steel which was formed as a partnership on March 2, 1901 (incorporated on February 25) between Elbert Henry Gary's Federal Steel Company and William Henry "Judge" Moore's National Steel Company.  J.P. Morgan and Charles M. Schwab were also members of this ownership group.

US Steel went on to become the world's first billion dollar per year corporation. He sold Carnegie Steel for 500 million dollars, and he was nearly a 50% owner of the company.  It is the money from this sale that he used to fund a vast array of philanthropic efforts for the remainder of his life. By the time he died in 1919, it is estimated that he had given away more than 350 million dollars. 

Andrew Carnegie: The Early Years

Andrew Carnegie was born in Scotland and emigrated to the United States with his parents in the year 1848. He got his start as a telegrapher and by the middle of the 1860's, he had a variety of investments in  railroad sleeping cars, railroads, bridges, and oil derricks. 

His parents were extremely poor, although his uncle, a Scottish political leader by the name of George Lauder, Sr., influenced him as a young boy, introducing him to a variety of authors, and Scottish heroes. His uncle George had a son also by the name of George, and he grew up with Andrew. Later, they would become business partners. 

Growing up, his father was a weaver and when his father grew ill his mother had to become the main breadwinner. Trying to make ends meet, the family decided to move to Allegheny, Pennsylvania. Money was borrowed from the Lauders to help with the migration.

Andrew Carnegie's first job was working as a “bobbin boy” in a cotton mill for a weekly salary of $1.20.
It was his uncle that recommended he become a telegrapher. It wasn’t long before he was promoted to operator, and his education and passion for reading helped him to become a self-made man. 

His passion for reading was boosted by Col. James Anderson, who owned a personal library of 400 volumes, which he opened to working boys every Saturday night. Carnegie made the promise that if he were ever to become a wealthy man, he wanted to provide a similar opportunity to poor boys. This led to a significant amount of perseverance and hard work. This effort brought about a great number of opportunities. Within five years’ time, he had more than tripled his weekly salary. He took a job working for Thomas A Scott in 1853 at the Pennsylvania Railroad Company, and became a manager there. 

Young Andrew made a variety of connections by working with various railroad related businesses.Scott was the one that helped him with his investments.  Later his investments began to accumulate, and broaden. Through the multiplication of these investments Andrew Carnegie began to grow his wealth.  

Accomplishments

Andrew Carnegie has had a number of significant accomplishments in his lifetime. Much of this had to do with the relationships he formed, as well as his ability to keep a clear and level-headed perspective about his investments. During the Civil War, Scott was promoted to Assistant Secretary of War, and he named Carnegie the Superintendent of the Military Railways.

After the war, Keystone Bridge Company was developed, which included an investment of $40,000 in Story Farm. Carnegie left the railroads as a way of devoting his energy to the Ironworks trade. He formed the Keystone Bridge Company and used his connections to acquire a variety of contracts. He also provided stock to both Scott and Thomson (the President of the Pennsylvania Railroad  Company).  He was able to learn a great deal from both men. Pennsylvania Railroad ultimately became one of his best customers.

By 1892 Andrew Carnegie had launched the Carnegie Steel Company, and this later helped the US output more steel than that of the UK – and Carnegie is greatly thanked for his contribution in this effort. Carnegie’s fortune came as a result of his ownership of the most extensive iron and steel operations any single individual in the U.S. has ever owned. He was responsible for several important innovations, including the mass production of steel using the Bessemer process. The second innovation was the vertical integration of raw material suppliers.

Challenges and Victories

Andrew Carnegie faced many challenges as well as victories throughout his lifetime. He can truly be identified as one of the rags to riches stories because he was challenged by not having parents from a high social status upon arriving in America. However, with the urging of his uncle, he took to becoming a telegrapher and used those relationships as a way of boosting his own social status. 

He was smart, and he was known for being charming in social situations. His literary knowledge also helped him to be invited to a variety of important social functions, which Carnegie often exploited for his own benefit.

There were significant victories along the way as well. At the age of 66, in 1901, Andrew Carnegie was considering retirement. It is at this time that he decided to reform his enterprises. John Pierpont Morgan was a critical financial dealmaker, and he wanted to buy out not only Carnegie, but several other companies. This would help to cut costs and lower consumer prices as well as allow steel to be produced in greater quantities. Various negotiations took place, and the United States Steel Corporation was formed, becoming the first Corporation across the entire globe with a market capitalization totaling more than $1 billion.

He let his political views be known as well, including opposing American colonies. In one work, he also went as far as criticizing the British monarchy and explaining how the American Republic system was far superior.

Carnegie was a scholar throughout his entire life. He also used a significant amount of his money and investments to become an activist. Commodious swimming baths were constructed in his hometown in Scotland. He gave money to a library in his hometown as well. He contributed to the Bellevue Hospital Medical College and various others as well. 

He paid for over 7,500 organs that were donated to churches around the world.  He wisely agreed to construct over 3,000 libraries across the United States and Europe, but wisely, only after having received a commitment from the local community to buy books and provide an administrative staff.  

In 1904, he founded the Carnegie Institute of Technology in Pittsburgh, now known as Carnegie-Mellon University in 1904. In 1905 he created the Carnegie Foundation for the Advancement of Teaching, and the Carnegie Endowment for International Peace in 1910.

Lessons learned

One of Andrew Carnegie's famous quotes reads,

"To try to make the world in some way better than you found it is to have a noble motive in life.” 
Andrew Carnegie – The Empire of Business

I actually admire Andrew Carnegie more for his philanthropy than his business acumen.  He has inspired successful entrepreneurs for more than a generation to support educational and humanitarian causes to help build a world of peace and prosperity for all. Bill Gates and Warren Buffet can be included in a long list of successful entrepreneurs that have learned from the standard of philanthropy that Andrew Carnegie set.

I aspire to become a small Andrew Carnegie.  I don't ever expect to accumulate the kind of wealth that Andrew Carngie amassed in his lifetime, but I do want to become a millionaire.  I would also like to fund a school in perpetuity, so that children of all nations, races, and religious backgrounds could study in peace.

Al Zibluk

Fearless Truth Teller Sarah Palin Tells Gobsmacked Wisconsin GOP Audience About Ted Cruz Giving “Gift Baskets” To Illegal Aliens

Fearless Truth Teller Sarah Palin Tells Gobsmacked Wisconsin GOP Audience About Ted Cruz Giving “Gift Baskets” To Illegal Aliens…

Speaking on behalf of Donald Trump, Sarah Palin gave a speech last night to a Wisconsin Republican audience.   Standing firmly on a platform of truth, Palin warned the mostly party (establishment) audience their decision to stand with deception in order to win an election also means placing themselves in a very precarious position.

The response from the audience to Sarah’s brutal honesty was what’s customarily known as “the collective nervousness of deceivers“.

Sarah Palin wisconsin

Whenever anyone dares to tell the collective: ‘the emperor stands naked’; there’s a particular kind of autonomic group nervousness immediately evident.  A group discomfort.

Such was the discomfort when Sarah Palin mentioned Senator Ted Cruz’s weak and opportunistic immigration position, and then contrast a real-life example of Cruz going to McAllen Texas (Saturday, July 19th 2014) to hand out “gift baskets” and welcome illegal alien families.

You could hear a pin-drop as an entire audience sat jaw-agape in disbelief.

When a fearless truth-teller stares down a room – the collective immediately need each other to retain their guise.  Here’s an example of their initial response:

Perhaps the reason the entire Professional Republican audience reacted that way was because they preferred NOT to know.  Or, then again, it could be because the example Sarah Palin was giving was widely hidden by the media.

Regardless of the reasoning for their disbelief, Sarah was simply telling the truth.  Here’s some photographic evidence of the freebies as they were being passed out by Ted Cruz in 2014:

ted cruz soccer ballsbeck 5

On the left that’s Senator Ted Cruz unloading the boxes of goodies.  On the right is the illegal alien families who received the goodies (toys, stuffed animals, soccer balls etc).

Here’s more pictures of the same event:

beck 4beck 2beck 1beck 3beck 6

 

“Humanitarian Crisis”? The entire event was essentially based on fraud.  The fraud was the Obama administration claiming that hundreds of thousands of “Unaccompanied Alien Children” (UAC) were arriving on the southern border en masse, and needed to be cared for.

The entire administration talking point was complete nonsense, but the media helped sell the ridiculous story as if it were real; and Ted Cruz and Glenn Beck helped perpetrate the fraud by claiming there was an urgent “humanitarian crisis”.  There was neither.

The reality was the influx of illegal border crossers were factually entire families, mostly from Mexico but also from Honduras, Guatemala and Panama.

The Obama administration had specifically kick-started the South American migration approximately a year earlier, and the families were showing up as an outcome of the State Department coordinating the exodus.

Almost everything about the crisis was a sham, including DHS Secretary Jeh Johnson going before an emergency congressional committee and demanding $4 billion (that’s billion) to deal with the “humanitarian crisis”.  These were not “children”, they were entire families – and, as you can see from the pictures, these were entire family units.

We have tens of thousands of American kids in inner-city areas in as much of a crisis as the illegals we allowed to pour across the border; but we don’t see Jeh Johnson demanding $4 billion for the American children.  Charity begins at home; at least it should.

So Sarah Palin brings some BIG TRUTH to those GOP insiders who gathered in Wisconsin; and, if we are to give benefit-of-the-doubt to those who heard it, apparently it’s the first time they became aware of Senator Cruz’s forked tongue on an issue.  Hence, a gob smacked response.

Palin also pointed out another lie, when she reminded everyone that Senator Cruz never stopped the senate Gang-of-Eight amnesty bill.  Despite Lyin’ Ted claiming on the campaign trail that he killed the bill, the reality is that bill passed the Senate in 2013, and it would have passed the House were it not for Dave Brat’s primary defeat of Eric Cantor in June of 2014 shortly before Sentor Cruz took off to the border with his gift baskets.

But Sarah didn’t stop there.  She also fearlessly told the audience that Senator Ted Cruz was also lying about another policy aspect, his advocacy for the Trans-Pacific Trade Deal.  And, more specifically, to the Trade Promotion Authority bill Senator Ted Cruz co-authored, co-planned and co-constructed, along with Paul Ryan in the House of Representatives.  Again, Sarah was loaded with the truth.

The Republican disbelievers didn’t want to hear about that inconvenient reality either.  Then again, when you stand boldly in sunlight the cockroaches never approach; they can only comfortably co-exist when they remain cloistered in the dark shadows of deception.

The media’s response to Palin’s speech?  Well, initially (and immediately) they began accusing her of lying about the “gift baskets”.  Then, after they realized everything she was saying was factual, they started spinning.  Eventually, they dropped the subject – and that’s probably how it will remain today.

It’s easier to hide those uncomfortable truths that way.  Well, at least until after the Tuesday election I guess.

Here’s Sarah’s bold and truthful speech:


Palin at RGA 2

Al Zibluk

10 Key Elements of a Successful Home Based Business

successful home based business10 Key Elements of a Successful Home Based Business

Who wouldn't want to work from home? You can make your own hours, forget ever having to commute, and never have to answer to a boss. Plus, as a home based business owner, you have the potential to earn exponentially more than you ever will by punching a time clock.

Yet, there are so many home based business opportunities available that it's often difficult to choose the one that is a good fit for you and that has the income potential that you need. To help you make your choice, here are five key elements to look for in a home based business.

1. Go with Network Marketing

While it's true that not everyone succeeds at network marketing, the principles behind it are sound. After all, network marketing is essentially using and selling products through word of mouth. This approach allows you to reach out to an ever-growing number of people and reap the financial rewards of building your own downline. Because network marketing cuts out the middleman, your earning potential increases. In the process, you create the potential for residual income while enjoying low overhead and the opportunity to work when and where you want. Furthermore, when you take advantage of Internet-based network marketing, you are not bound by geographic boundaries; your customers and downline can reach global proportions.

2. Choose a Company that Offers Multiple Products

Every day, you use dozens of products. Some home based business opportunities focus on one product, while others focus on many. When you do the math, it's easy to see why it's preferable to choose a company that allows you to become a member and have access to a wide variety of products, as well as to sell those products.

3. Find Cutting Edge Products to Use and Sell

Few people need more candles, kitchenware, or knick-knacks. What they really need and want are information and mobile technology products, such as DSL, VOIP, and broadband. Baby boomers in particular are looking for values in discount shopping, travel, and professional services such as legal services and health services. Companies and entrepreneurs are always on the lookout for cutting edge business software, conference calling, SEO services, marketing products, and video production services.

4. Look for a Solid Compensation Plan

Compensation plans vary from company to company, so be sure to find one that gives you the greatest earning potential. A single paid matrix is an excellent approach, as is a 3 x 9 monthly matrix commission.

5. Gain Access to Business Building Tools

One of the premises of network marketing is that you don't need to reinvent the wheel; the infrastructure for a successful business model already exists. When reviewing home based business opportunities, especially those that are Internet based, find one that allows you to grow your business through duplication, so that you can immediately get up and running. The company you work with should also have a support system that includes mechanisms to capture leads, create ads, and develop solid marketing strategies. Moreover, there should be a sense of community, camaraderie, and mutual support.

By the way here are 5 more tips for becoming a successful home business entrepreneur

There are a variety of reasons why people consider becoming a home worker. In some cases, people who are retired need some extra income. In other instances, a stay-at-home mom might need money to supplement the family income. Sometimes, a person decides to launch a home based business in order to achieve a specific financial goal, such as a family vacation or home repairs. Other times, people simply get tired of the grind of commuting, answering to a boss, and working predetermined hours.

There's no doubt that a home based business opportunity can provide extra income for retired people, money for moms, and the extra cash for a family vacation. It can even replace a primary income so that a person can quit his or her day job and make his or her own hours. Unfortunately, though, making the decision to become a home worker is only the first – and the easiest – step. The next step is succeeding in your home based business. Here are five tips to help ensure you succeed in your quest to become a home based worker:

6. Set aside time each day for your home based business.

Although there are many home based opportunities that will earn revenue with a minimal amount of work, the more time you put into your business, the greater your financial rewards will be. Designating a certain number of hours per day (or per week) will help keep you on track.

7. Minimize distractions while working.

If the kids are running around, your friends are calling, or you keep getting up to do laundry or other household chores, it will be difficult to sustain your home business. Create ground rules to minimize distractions, and have the discipline to stick to them.

8. Have patience.

Despite "get rich quick" promises, the typical home based business opportunity will not provide you with immediate income. Have patience at keep at it to reap financial rewards, but make sure you have a revenue "bridge" that will keep you going until your business begins to generate returns.

9. Diversify your revenue streams.

The successful home worker generally has several – if not many – revenue streams. This way, if one aspect of the business falters or has a slow period, others can fill in the gap. Take a building block approach: start with one home based business and add another when the first starts generating a steady income.

10. Make bookkeeping a priority.

Oftentimes, a home worker will let bookkeeping go by the wayside. Revenues from his or her business will be intermingled with personal finances, or his or her recordkeeping will be less that pristine. The Internal Revenue Service keeps a close eye on home businesses, so it's crucial to keep your business income and expenses separate from your personal income and expenses. It's also important to keep and record all receipts for expenses. If you keep good financial records throughout the year, it will be much easier to do your taxes when April rolls around.


Summary

Being a home worker is immensely rewarding in terms of income potential, making your own hours, and doing work that interests you. Success lies in choosing the right home based business opportunity, sticking with your commitment, and keeping good records.

Launching your own home based business can not only lead you to a debt free life, but can also enable you to travel the path of true financial freedom.

Article by:
Brian Walters SEO

Skype: tuneup_bj

Brian Walters MarketHive

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Al Zibluk