Thursday, May 21, 2015

An Amazing Collection of Masonic Autographs

DON'T THROW ANYTHING AWAY!

by "Dad" Thomas R. Labagh



It is, quite clearly, the ugliest item on display at the DeMolay International Service and Leadership Center, in a locked bookcase in the "archive room." (This is the room with several locking book shelves that hold copies of all of the Proceedings of the Grand and Supreme Councils: Statutes, Bylaws, Rules and Regulations; and one copy of most of the DeMolay Grand and Supreme Council publications and magazines produced since 1919.)

At first glance, it is just a ruined old Masonic book, called MASONRY DEFINED...




...which was an encyclopedia of Masonic facts, figures, definitions, philosophy and esoterica. 

The volume has obviously been very wet, and in the drying process it expanded and snapped its binding.

 

But this isn't just any old Masonic tome full of dry wisdom and enlightenment.  


It is the Autograph Collection Book of Bro. Gustav E. Venaas, of St. Paul, Minnesota, whose DeMolay letterhead above identifies him as an Advisor for St. Paul Chapter, and whose hobby is collecting autographs of Masons.  

And what a fascinating collection it is!  Brother Venaas was an intrepid collector, gathering autographs of prominent Freemasons everywhere he went.  He also obviously wrote to celebrities who were Masons, and asked for them to send him an autograph.  In this book, he had pasted autographs, photos, news clippings and anything related to the subjects who signed cards for him.
Brother Venaas liked a little bit of fame, himself, because he was the subject of several newspaper articles because of this unusual collection and his success in acquiring a number of impressive names, all of whom are Freemasons.  And he didn't limit himself to Americans... he also wrote to famous Masons in Europe, and in Central and South America!




Some of the pages are filled with signatures acquired at an event, and include prominent Masons who were present for the meetings.  These were the movers and shakers of Freemasonry in the 1920s.


Obviously, as a DeMolay Advisor, he was very proud to have collected signatures from "Dad" Frank S. Land, the Founder of the Order of DeMolay...


...and the signature of "Dad" Frank A. Marshall, Author of the DeMolay Ritual...


...and "Dad" Roy Dickerson, who was in charge of programming for the Grand Council, and worked in the Kansas City offices with "Dad" Land.

The question of WHY this volume is in the possession of DeMolay International is answered by the fact that the first scrap-book of news clippings and letters related to St. Paul Chapter was also in the book case.  Either he left it to DeMolay International, or his family sent it in, not realizing exactly what they had in their hands.

Some of these signatures have serious value on the collectible market, and, as a complete themed collection of famous Masons, it may have even more value than we can imagine.


The signature of a President of the United States is always worth something, if it is really his signature and not a staff member who has learned to fake it, or a machine that makes a perfect signature every time.  This one from Herbert Hoover, the 31st President, looks legitimate, and considering the time it was sought, it is quite likely to be real.  Not known as one our our best Presidents, he presided from 1921 to 1928. http://en.wikipedia.org/wiki/Herbert_Hoover


These signatures got me excited, because I love poetry and authors, and Edgar Guest was one of the most popular poets of the early 20th Century.  For more information about him, and a sample of his easy-rhyming poems, go to http://en.wikipedia.org/wiki/Edgar_Guest

The signature at the bottom of the page is even more impressive.  Rudyard Kipling, the author of The Jungle Book, Kim, The Man Who Would Be King, and may poems, notably Gunga Din, and Danny Deever.  Kipling was a British Mason in the country of India, when the British military occupied the country, and he wrote about his experiences in a Lodge with men of multiple religions working together in peace and harmony.  He is revered for the many Masonic references included in his writings.


This page initially caught my eye because of the signature of Ernest A. Reed in the center of the page.  I knew of him because he was a Grand Master Councilor of the Order of DeMolay from New Jersey, my home state.  He was probably the "founder" of DeMolay in New Jersey, if I recall correctly.  But the astonishing signature at the top is of greater interest-- it is of the silent film star, Harold Lloyd.  Best remembered for a stunt where he is hanging from the hands of a large clock on a skyscraper, Lloyd was one of the most successful comedic silent film stars, rivaling Charlie Chaplin and Buster Keaton.  Lloyd was also a very active Freemason, involved in many appendant bodies.  He had a special affinity for the Shriners Childrens Hospitals and Burns Centers because of serious burns he had suffered in his life.  He served as Imperial Potentate of the Shrine of North America in 1949-1950. 


Here's a name you MIGHT have heard, if you or your father grew up watching Western TV shows and movies.  Tom Mix was known as Hollywood's first major Western Star, making 291 films in his career, all but 9 of them silent films.  Less than 15% of those films are available for viewing today, as film preservation wasn't thought of in the early days of film,  Mix was a Pennsylvanian, having been born 20 miles north of State College, and growing up in DuBois, PA.  It is reported that Mix helped John Wayne (Senior DeMolay, Freemason, Shriner) get his first jobs in Hollywood.  http://en.wikipedia.org/wiki/Tom_Mix


They certainly aren't "politically correct" these days, and they earned their living perpetuating some disturbing stereotypes, but there is no denying the "star power" of Freeman Gosden ('Amos') and Charles Correll ('Andy') who performed on the radio, and at public appearances from 1928 to 1960.  http://en.wikipedia.org/wiki/Amos_%27n%27_Andy

General John J. Pershing led the American Army victory in World War I.  Known as "Black Jack" Pershing, he mentored some of the key generals of World War II (Eisenhower, Bradley, Marshall and Patton) and had a profound effect on the US military's world dominance of the 20th century.  http://en.wikipedia.org/wiki/John_J._Pershing


Jack Dempsey was a prize fighter who owned the Heavyweight championship title from 1919 to 1926.  Considered to be one of the most powerful and relentless fighters of the first half of the 20th century.  He was a Freemason in Kenwood Lodge No. 800 in Chicago, IL.

At the top of this page is the signature and Masonic record of Charles Partlow "Chic" Sale.  That is NOT a name I was familiar with, but, he was a BIG name in the 1920s.  A vaudeville comedian and entertainer, he parlayed a long running joke about outhouses into a comedic career. It is interesting to note that the 1950s-1960s comedian, Soupy Sales, created his last name in honor of "Chic" Sale.   If you are interested in him, here is a Wiki about  him.

I cannot read the middle signature, but the name at the bottom is of the great romantic silent film star, Douglas Fairbanks, who, with D. W. Griffith, Mary Pickford and Charlie Chaplain established the United Artists motion picture studio  in 1919.
http://en.wikipedia.org/wiki/Douglas_Fairbanks


This is a fascinating signature by Calvin Coolidge, President 1923-1929, and it may have been acquired BEFORE he was President.  What makes it unique is that it is smudged by the signer, (and from all the examples I have seen on the internet, it is his signature, and not that of a White House secretary.)  I almost think this makes it more unique, because very few collectible signatures are ever seen in this condition!  The imperfection makes it a one of a kind example.
http://en.wikipedia.org/wiki/Calvin_Coolidge


The only blurry photo I took had to come with a very important signature--  Will Rogers!  This man and Mason was a great political commentator, humorist, entertainer and film star of the 1920s and 1930s.  He was at the height of his popularity when he died in a plane crash in 1935.  He ran a mock campaign for President of the United States that was covered nationally.   One of his most famous quotes was "I don't make jokes. I just watch the government and report the facts."  http://en.wikipedia.org/wiki/Will_Rogers


The signature and photograph above is of John Philip Sousa, known in his day as "The March King" for the plethora of marching music he as written, including the Stars and Stripes Forever, The Liberty Bell, Semper Fidelis, The Washington Post and Nobles of the Mystic Shrine.  Sousa wrote 136 marches between 1917 and his death in 1932 at age 77.
http://en.wikipedia.org/wiki/John_Philip_Sousa 


Irving Berlin's signature is at the top of the page.  You know who Irving Berlin is, right?  He was, perhaps, America's songwriter in the 20th Century. Writing for Broadway and for the movies, he penned classics known worldwide such as "God Bless America," "White Christmas," "Alexander's Ragtime Band," "Blue Skies," "Easter Parade," and every Mel Brooks fan's favorite, "Puttin' on the Ritz!"  http://en.wikipedia.org/wiki/Irving_Berlin

Charles H. Mayo was a co-founder, with his Father, William W. Mayo, and his older Brother William J. Mayo, of the private medical practice that became known as the Mayo Clinic in 1919 in Rochester, MN.  The clinic was, and still is, a marvel of integrated medical specializations.  Interestingly, Mayo received the Founders Cross from Dad Land for personal loyalty and dedication to the Order of DeMolay.  Another interesting fact-- like Dad Land, Mayo's admirers have preserved his office exactly as it was on the day he died, and a tribute and museum to his work.  http://en.wikipedia.org/wiki/Charles_Horace_Mayo


Charles R. Walgreen, Founder of the Drugstore chain, http://en.wikipedia.org/wiki/Walgreens
and J. C. Penney, Founder of the Department Store 

Daniel Carter Beard is a name well-known to Boy Scouts as the American who worked with Lord Baden Powell and merged his Sons of Daniel Boone with Powell's Boy Scouts.  


Edward Albert Christian George Andrew Patrick David; (23 June 1894 – 28 May 1972)
Prince of Wales, Later King Edward VIII  This is one of the few photos pasted in the book that did not have an accompanying autograph, suggesting that one had been requested and expected, but either never returned or, for some reason we will never know, it never got pasted into the book.  http://en.wikipedia.org/wiki/Edward_VIII



There are perhaps 150 more autographs in the book, and many were prominent Freemasons of that day.  There are possibly others, of great value and historical interest, that I did not notice or could not read.  As a collection, it is, in many ways, priceless.  As individual autographs, most of these have 3-figure values.  

We are probably indebted to "Dad" Lester W. ("Sarge") Israel, Archivist of DeMolay International during the traumatic moving years of the early 1980s when the offices occupied no less that 4 different spaces in a period of less than 6 years, that this volume survived being tossed into a dumpster.

As an object lesson to all of us, "don't judge a book by its cover!"




Thursday, May 14, 2015

The Rent Problem

Should DeMolay Chapters Be Paying Rent

to Meet in Masonic Buildings?

by "Dad" Thomas R. Labagh

It seems incredible to me that this question is still an issue in Pennsylvania after all the support, promotion and emphasis placed on DeMolay by the Grand Lodge of Pennsylvania, but there are STILL DeMolay Chapters paying rent to meet in a Masonic Temple.  In several cases, it is a minimal amount.  In others, it is an amount charged by the Temple Association and then paid on behalf of the Chapter by its sponsoring body.  In two cases, it is an exorbitant amount of money amounting to over $1000 per year.

I can only ask two questions in light of this absurd condition:

1.   How many parents charge their minor sons rent for living in their home?

2.   Can you name any church, synagogue, mosque, school, or community service organization that requires its youth group to pay rent for the privilege of  sharing the principles of the parent organization with young people?

Yes, it is a pet peeve with me, but, sadly, it isn't something new to me or to the Order.  

In the August 1st, 1927 edition of The DeMolay News, edited by "Dad" Frank A. Marshall, author of the DeMolay Ritual, the editorial below appeared, showing that this problem is not unique to this generation, or unique to DeMolay in Pennsylvania.  It is, however, unique to Freemasonry, and, to me, it feels so uncharitable and in some ways, un-Masonic.






Take a moment and read that final paragraph again.  

This sums up the situation in a simple eloquence that reverberates as true today as it did in 88 years ago.  

If you’re a member of a sponsoring body that warmly welcomes a DeMolay Chapter, I thank you for your support of our youth.  

Likewise, if you’re a member of one of those Lodges that is charging rent, I ask that you take the lead in proposing a resolution in your Lodge to ensure that your DeMolay Chapter is regarded as an essential part of your Masonic family.

These young men are not merely tenants or guests, but family members who are entitled to being treated as a part of the family... the Masonic family...YOUR family... OUR FAMILY!

Friday, May 8, 2015

A HISTORY, A RANT, AND A USEFUL LESSON

Brief History of the DeMolay Awards for Heroic Action

(A Personal Rant by "Dad" Thomas R. Labagh, Masked as Informative History)


Introduction
You have probably heard that a camel was created by a committee whose task was to design a horse.  The basic premise is that poorly-led decision-making by a group can lead to very bad decisions.  The humps of a camel, its very slow pace, its poor temperament are all taken to be deformities that resulted from a bad design for a horse.  Sort of like the Ford Edsel was a bad design for a car.  Or a Ford Pinto. Or the Pontiac Aztek.   Or the AMC Gremlin.  (Well, pretty much ANY car produced by the American Motor Company.) You get the idea.

DeMolay International is not immune to the vagaries and vicissitudes of committee-think. Committees change.  Often.  The are appointed by the Grand Master, who can reappoint or totally replace a Committee and its leadership at will.  Sometimes they change dramatically each year, as a result of political appointment, or disagreement over the direction of a previous administration or disappointment with previous committee action (or inaction.)  Sometimes they stay stable for a long period of time, which could also make them very static, un-moving, mired in tradition, or unoriginal. (After a 10-year run as Chairman of the DeMolay International Ritual and Regalia Committee I have requested to be replaced by the incoming Grand Master-- it is time for new leadership and new ideas.)   


An Unofficial History of DeMolay International's Awards for Heroic Action
DeMolay history has to be written from a collection of diverse sources, since there has been no official Historian tasked to keep adequate records.  Much can come from the Proceedings of the Grand and Supreme Councils, where available, and from publications throughout the years, and random committee files that may still be in existence.  So, in trying to come up with a history of the DeMolay Awards for Heroic Action, I had to rely on some very different sources that were not terribly accurate, at times. But they gave me enough information to reveal some interesting facts  The sources are italicized.



1926
Article 10 of the Grand Council Bylaws and Statutes includes the creation of the Medal of Heroism for one who has voluntarily risked his life in saving or attempting to save… or sacrificed himself in an heroic manner.  Three were immediately approved, with Arthur Whitehead, Old Colony Chapter, Quincy, Mass as the first member elected to receive the DeMolay Medal of Heroism (from the C. A. Boyce history of DeMolay)

1948
Members Record Book reported that less than 30 Medals of Heroism had been granted since 1925.

1959
Members Record Book reported that fewer than 45 Medals of Heroism had been granted since 1925.  This also depicted the old medal design. 

1960
DeMolay Handbook depicts the new design for the Medal of Heroism and the Medal of Valor, and reports that less than 50 Medals of Heroism had been awarded since 1925.  (CHANGE #1- ADD NEW MEDAL OF VALOR.)

1964
The 1969 Members Record Book reports that at the 1964 Annual Session a special Certificate for Saving A Human Life was authorized.  Also, that “fewer than 45” had been awarded – (the 1969 number was obviously not updated since 1960.)   (CHANGE #2 - ADD CERTIFICATE FOR SAVING A HUMAN LIFE)

1965
DeMolay Handbook still reporting less than 50 Medals of Heroism had been awarded since 1925.

1967
Article X of the Statutes of the International Supreme Council includes the “Medal of Valor” for circumstances of valor not justifying the “Medal of Heroism: and a “Certificate of Merit for Saving a Human Life”  

1968
A reorganization – Statutes of the International Supreme Council  Statute 211.6 Defined the Medal of Heroism; statute 211.7 Defined the Medal of Valor; and statute 211.8 Defined the Certificate of Saving A Human Life

1969
Also,– Statutes of the International Supreme Council– section 211.8 became a MEDAL for Saving a Human Life  (Statutes)  Also reported in the 1970 DeMolay Handbook that the Medal had been approved at the 1969 ISC Session.  (CHANGE #3 - CHANGE CERTIFICATE TO A MEDAL)

1974
DeMolay Handbook still reporting that fewer than 50 Medals of Heroism had been awarded.

1981
DeMolay Handbook still reporting that fewer than 50 Medals of Heroism had been awarded.



1983
The Committee on Medals of Heroism and Valor recommended that all 3 be combined into one medal for saving a human life. This was rejected by the Supreme Council. (Proceedings 1983)

1984
Legislation was approved to eliminate the Medal of Valor and to Award the Medal of Heroism to one who risked his life; and the Medal for Saving a Human Life for one who saved a life, without personal risk (such as a CPR rescue.) This is the way it stood until 2013. (Proceedings 1984)   (CHANGE #4 - ELIMINATE THE MEDAL OF VALOR AFTER 24 YEARS OF EXISTENCE.)

2013
Rules and Regulations 206.6 was amended to eliminate the Medal for Saving a Human Life, and to reinstate the Medal of Valor, and broaden its requirements to include “ one who has “performed an act of saving or ATTEMPTING to save a human life.”  (Proceedings 2013)  (CHANGE #5 - REINSTATE THE MEDAL OF VALOR AFTER A 20-YEAR ABSENCE, AND ELIMINATE THE MEDAL FOR SAVING A HUMAN LIFE)

The humorous part of this is that, of course, DeMolay International already has a bunch of Medals for Saving a Human Life in stock, which they cannot now use, (or even sell on eBay) and it does NOT have any Medals of Valor, since it had been eliminated 20 years earlier.

A good program, left alone, was used sparingly, but consistently from 1926 to 1960.  (Remember that Dad Land died at the end of 1959.)  But then the Committee got loosey-goosey with the criteria for the awards, and decided to lessen the blow of a rejection by first giving out a certificate, and later a medallion for good intentions and effort.  Since the death of Dad Land, committees have made no less than FIVE MAJOR CHANGES in the program.   

WHY?  

What was SO IMPORTANT that they had to monkey around with the standards for one of the most unique and prestigious awards granted by the Grand and later the International Supreme Council?

Committees acting on whims, or misunderstandings, or a lack of historical perspective, have made these 5 significant changes to the program, such that, now, if you see a Medal of Heroism, or a Medal of Valor, or a Medal for Saving a Human Life, the only one that has a standard you can count on is the last one, for it specifically is given for SAVING A HUMAN LIFE, whether at personal risk, or not. The rest of the awards have been rendered meaningless by this unnecessary ping-pong game with award criteria.  And now, in 2015, we have legislation before us to "clean up" the DI Bylaws, Rules and Regulations from the 2013 change.

When will the madness stop?

END OF RANT.  ALMOST.

So, what can we learn from this?

Fraternities are institutions run, generally, by well-meaning volunteers in a variety of committees.

Committees generally make quick decisions, under the leadership of one or two really well meaning volunteers.

Committees generally act in good faith, but occasionally can be mis-led.

Committees can get bored with certain subjects, and can make snap decisions rather than informed decisions.

But without committees, we'd have dictators, manipulators and controllers who would make decisions on their own, without input or understanding of the will of the people.  

Governments are run by committees. Religious congregations are run by committees. Businesses are run by committees. Athletic leagues are run by committees.  Fraternities are run by committees.  And yes, DeMolay Chapters are run by committees.  Or at least, they are supposed to be.

Who runs YOUR Chapter?  The Master Councilor?  The Chapter Advisor?  The Advisory Council?  Or the members, through the use of carefully selected committees?  The DeMolay Method is to teach the committee process in all Chapters, to help equip the members for effective service as an adult in business, government, and any group where decisions need to be guided and carefully considered.

Remember that as bad as committees can be, they are still a better solution than surrendering all decision-making powers to a self-appointed committee of one.  

Thursday, April 30, 2015

So, You Want A Summer Job?

The Time Is NOW To Start Looking

Hey "Dad," do you think I should get a summer job?
You are young... you've only got a few years of carefree youth left... Why do you want to get a job? OK, OK, I get it... you really neeeeeed a job!  Every teen has a different reason for wanting or needing a job.  Here's just few that I have heard over the years:

1.  To keep from being bored.
2.  To keep from getting into trouble.
3.  My father said I have to get a job or I am in trouble.
4.  I need money to buy a car or pay insurance.
5.  I want to travel during spring break next year.
6.  Just need to get out of the house.
7.  Get experience.
8.  Learn responsibility.
9.  Make money, make friends, make fun.

When should I start to look for a job?
This is the BEST time to start looking for a summer job, because employers are starting to hire, the college kids aren't home yet, and an organized youth who is thinking ahead is an attractive gamble for an employer who wants to hire someone who shows a sense of responsibility and reliability.

Where do I start?
First thing, if you are 14 to 16 years old, make sure you have your working papers in order.  Your school counselor can help you finish this task.  Your parents will need to sign to give their approval. Then talk to your parents about their friends, to see if they can help you get your foot in the door for consideration.  You can also ask your DeMolay Advisors for a recommendation, and a personal reference.

Where should I look for a job?
The easiest thing to do is to look close to home, so you don't have a transportation problem.  There are plenty of opportunities for baby-sitting, lawn care, computer assistance, housework, minor painting and maintenance jobs, etc. in your own neighborhood.  Employers want reliable employees, and that means getting to work on time, every day, no excuses.  If you rely on a parent or a sibling for transportation and the car breaks down, it doesn't matter to the employer.  They want you to be there, no matter if you have to walk two hours to get there.  If you have reliable transportation, you can spread out your search. There you will have a chance to get into the camps, pools, retail stores, movie theaters, theme parks, sports and entertainment centers, and service industries like hotels and restaurants.

How can I get a job when I have no experience?
You have to sell yourself to an employer. She has to know that you are going to be worth her time and training effort.  Employers know that entry-level teens aren't looking for a career-- just a job.  You have to show confidence in yourself, good manners, a clean appearance, and a happy demeanor.  If you put together a resume, list anything you have done in the past year that shows achievement, ambition, persistence, caring, strength, good academic skills, a commitment to teamwork, and a customer-service perspective.  A word to the wise-- don't list an email address that is rude or offensive or suggestive.  AmericanTerrorist@hotmail.com is not a good advertisement for your character. Get a "professional" email address, or don't provide one.  Be sure you proof-read it, and have someone else read it, too, to make sure it makes sense!

What kind of job can I expect to get?
If this is your first job, don't expect to find something full-time.  You will have to show that you can handle part-time work to earn the chance for full-time hours.  First jobs are not very glamorous, often dirty and seldom fun.  But how you perform at the simplest and least desirable tasks often tells an employer what he can expect out of you in a higher-paying, more responsible position.  The point is-- if you take a job, do your best work all the time, because you are setting a behavioral pattern for yourself as well as showing what you are capable of.

Will I have to go to an interview?
Of course you will need to interview, so that the employer can get a sense of how you will do in the job he has in mind for you. You need to be personable and engaging... enthusiastic about the job, even if you know you will spend the day dumping trash cans. You don't need to dress up, just dress neat, be clean and well-groomed, and make eye contact when answering questions. If you have unusual tattoos, piercings, or strange hair color or cut, you need to cover them up or make them look "normal."  Remember that employers are looking for kids who will be reliable and available.  Don't go in with the idea that you will be able to set your schedule, or take off a lot of time for a family vacation, or for football or band camp, or whatever else you may be involved in.  You can ask, but if the answer is no, accept it and assure them that it will not be an issue for you.  By the way, before you walk into the business, turn your phone off.  Do not let anything distract you from giving the potential employer your full attention.

How can I be sure of keeping a job?
Be on time. Dress appropriately. Unless you are working a landscaping or construction or trash-removal job, take a shower before you go to work.  LISTEN to the boss. Follow instuctions.  Obey the rules. Don't goof off on the job.  If you are scheduled for 4 hours, give the boss 4 solid work hours. Demonstrate that you WANT to be there, and that you enjoy the work. Represent the company well by the way you act, think, speak, and dress, and ALWAYS be kind to fellow employees, and pleasant, even when dealing with difficult customers (who are always right!)

Any more advice, "Dad?"
A first job is a great learning experience, and will show you how mature you are, and how much adversity you can handle.  It will also provide you with opportunities to work with people who can give you a good reference for future jobs and perhaps even college admission applications. With a little cash in your pocket, and some money saved in the bank, you'll feel that much closer to being an adult and being able to make your own way in the world.  Got get it!


Tuesday, April 14, 2015

Franklin's Funds

Ben Franklin's 8 Lessons of Personal Finance, AND YOU!

by Dan Loughin
Chapter Advisor, Reading Chapter


As an amateur historian, I am in awe of those that came before us; the men and women that helped form our country.  One of these men was Benjamin Franklin, whom I’m sure you’ve heard of from the story with the kite and the key, the invention of bifocal glasses or the creator of Poor Richard's Almanac..

But there is more to Franklin than you know.  He not only was once Governor of Pennsylvania, but he also served as the first Ambassador to France, the first Ambassador to Sweden, and the first Postmaster General of the United States.  He was also an author, printer, political theorist, scientist, inventor, civic activist, and diplomat.  He was a true everyman, that I’m sure could dunk a basketball or throw a 90 MPH fastball, had those sports been invented in the 1700’s.

As he was all of these things, he attained great wealth through his life, to the point where he was able to retire at the age of 42.  As the knowledgeable man he was, he released his 8 lessons of personal finance to the general public, so that all may know how he did it.  And I will share them with you now.  Please keep in mind that while these were written in the late 1700’s, they are timeless, and still hold their value.

1) Understand The True Value of Things
If you’re going to go into business for yourself, or you’d be happy working in fast food all of your life, you need to understand that everything has a true value and a perceived value.  The perceived value is quite easy to understand: it is what the average person would pay for something.  The true value, however, is much more difficult to understand.  I’m 30, and I still struggle with this on various different products and services.  Just because something is priced at $20, it does not mean that said item is actually valued at $20.  This is true of everything: from food to cars.  Once you understand the true value of these things, you life, and financial situation, will drastically improve.

2) Be Self-Sufficient
There are plenty of us, most of the residents of this great country in fact, that work for someone else, so this point was made not to encourage running your own business (but if you do, more power to you), but to not rely on anyone else for money.  Understandably, this is incredibly difficult, if not impossible, when you are 12.  But when you reach your 20’s, it starts to become unattractive to anyone to beg your parents for money.  By 30, it’s irresponsible.  By 40, you should be reevaluating your life if you are consistently begging people for money to pay for things for you.  Excluded from this, however, is if you live with your parents in your 20’s and 30’s and pay them rent.  You are not free-loading off of them, as you are paying them money.  This strictly means that you are financially independent of other people.

3) Invest in Yourself
Very simply, you are your best asset.  You make money for yourself.  You experience life for yourself.  Get educated, by either going to school or learning from people who have obtained proper knowledge.  Go to the doctor to keep yourself in healthy shape.  Eat right.  De-stress.  Whatever you need to do to make sure your primary asset is protected is the best investment you can make.

4) Surround Yourself with Friends Who Share Your Values
Plain and simple, make sure your friends are the same “kind” of people you are.  Figure out your personal values, and search out people who share them.  I’m not talking about political or religious values, however; people of differing opinions in religion and politics can help a person grow as an individual.  I’m talking about things like work ethic and family orientation.  If you work harder than anyone you know, and one of your friends is lazy and takes advantage of you, it’s probably best that you are not friends with them.

5) Don’t Compromise Your Integrity for Money
Webster’s defines integrity as “adherence to moral and ethical principles.”  In short, do sell what breaks your personal moral code, what you’ve told yourself you’d never, for an extra buck.  Not only will you feel like you cheated yourself and anyone close to you, but you most likely will kill any chance of much more vast wealth down the road.

6) Steady Diligence Is the Way to Wealth
You hear the rags to riches stories, the one in a million shot that a person hit the huge jackpot at the lottery, that the person took the long-shot bet on the superfecta at the Kentucky Derby, and won over $1 Million.  These are exactly what they sound like: once in a lifetime rarities that don’t happen to the average person.  Franklin was saying that if you work hard, save hard.  Don’t do things just to keep busy that won’t pay you (like 15 hours of video games on the weekend).  If you stay on top of your work and your spending, you will eventually have financial wealth.

7) Time Is Money
Everyone has heard this phrase before, but Franklin is the first one to be attributed to the saying.  Very simple, time is a finite resource.  We get no more or no less than we are given when we are born.  Money can grow, time cannot.  If you stay diligent with your work and saving early on, then you can cash in your time on the back half of your life, and do things that really matter to you.  Don’t let other people suck your time away.   You are protective of your money; why not your time as well?

8) The Accumulation of Money Is a Means to an End
I’m sure you’ve heard “money isn’t everything” or “money is the root of all evil” or “money doesn’t buy happiness.”  While true at the core, these sayings are flawed.  While money isn’t everything, if you value time as money, it becomes everything.  Money is not the root of all evil, greed is.  And while MORE money doesn’t buy happiness, you’ll  need money to live, and if you live correctly, you’ll be happy.  Take stock of what you want to do and how you want to do it before you start.  You don’t want to work in your 90’s out of necessity.  Use money to be able to retire as early as possible, and enjoy what life has to offer when you’re able to.