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Tuesday, November 17, 2015

I asked legendary tycoon T. Boone Pickens for financial advice ― his answer was surprisingly simple

I asked legendary billionaire energy tycoon T. Boone Pickens for the best piece of financial advice for someone my age.

I'm 27, so this advice will probably be useful for most millennials — anyone aged 19 to 34.

His answer was surprisingly simple.

"First thing I'd say is if you haven't developed a good work ethic, you better do it," Pickens said.

"The work ethic is the backbone of success as far as I'm concerned."

Pickens, the author of "The First Billion Is The Hardest", explained that you "have to be skilled at something unless you want to go out there and dig a ditch."

He added that educating yourself doesn't necessarily mean going to college. There's vocational training for a number of good jobs. Going to college or getting your MBA is up to you. Those things don't matter though unless you've developed a strong work ethic.
Good work ethic

"It's very simple—good work ethic. If you want to be a lawyer, geologist, or a nurse, work ethic comes first. Everything else falls into place."

Pickens, 87, developed his work ethic at a young age. Growing up in Oklahoma during the Great Depression, Pickens and other kids his age all had jobs. He said no one he knew was lazy.

"I grew up at a time where everything was very simple. You saved money. Things were tight."

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3 comments:

  1. Define work ethic.
    I know a lot of poor, hard working people

    ReplyDelete

  2. This guy is talking bulls---,he has stolen or done something illegal to gain that much cash. He can say work ethic all he wants,he is a CROOK.

    ReplyDelete
  3. 1:41
    My thoughts also . . . or he was handed success by a blue lodge member

    ReplyDelete

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