Financial Lesson From Delivering Newspaper To Wealthy People: “Money greases the wheel”
“Being a paperboy taught me a lot of the habits of rich people. They always tipped me more than anyone else. Their monetary generosity then led me to give them better service than everyone else. I've found that it's very similar in life and business," the businessman said.
Sharing his experiences, John Rampton said that he had a long time delivering newspapers to the rich. It was also a time for him to experience and learn many valuable lessons so that he could become the millionaire he is today from a poor boy.
Here are lessons that John Rampton says has changed both his life and career.
Having a difficult background, Rampton had to work from a very young age. At 12, he had to make money to feed his family. It was also the only way for him to have some pocket money for himself, and the first real experience that made him think that only by working hard can he get what he wants.
Across his various newspaper delivery routes, he met people from all backgrounds. There were people so generous that they tipped more than what he would have made from a week-long delivery.
That's when he also realized the difference in behavioral habits of the rich compared to the average person. John Rampton decided to observe them more and focus on taking better care of this group.
Of course, he would still do a good job with everyone. But with rich people, instead of "done well", he always tried to elevate their experience to "great", "excellent". This meant that he would have a better chance of getting a bigger tip.
It is from such a childhood perspective that John Rampton formed the mindset of "Money greases the wheel". Later, when staying at hotels on business trips, he always left a $10 note on the bed for housekeeping, or tipped right before a meal in a restaurant. Thanks to that, he always received better, not to mention perfect service.
This approach is especially helpful for John Rampton when he has to meet with important guests and partners. Perfect service helps make them more satisfied, thus making them happier and more positive, greatly improving his own work efficiency.
After starting a business, this experience helped Rampton a lot in his recruitment process. Though Rampton recognized how money motivates people early on, at the same time, he also learned something else important.
That is the better you treat people, the more passionate and devoted they will be. He has applied this many times in business and achieved unexpected results.
The fact that you pay your employees for the value they created to the company is one way to demonstrate this. Or sometimes, just a compliment, like "thank you for a great job", "you did everything well beyond my expectations"... also brings about great intrinsic values to motivate your people.
When the dedication of his employees reached a certain level, Rampton also consulted them about the company's development, offering them more important positions within the organization. This is one way to expand his own network with employees and make others recognize their talents.
As Rampton became richer from his business successes, he realized that the rich don't think about money in the usual way. Money was like a tool or resource that helped them get what they wanted. People with money also tended to value taking care of people more because they understand the real benefits of doing so.
This is not a deliberate, conscious decision, but a natural habit of thought that is exhibited by the rich.
Virgin owner Richard Branson once said, “A company is simply a group of people. And as a leader of people, you have to be a great listener, you have to be a great motivator, you have to be very good at praising and looking for the best in people. People are no different from flowers. If you water flowers, they flourish. If you praise people, they flourish. That’s a critical attribute of a leader.”
Treat others the way you would expect them to treat you. This is the golden rule that can change both the life and career that John has valued for many years. The better your relationships with others, the better value you get.
H/T: Entrepreneur
Source: Getty Images
Sharing his experiences, John Rampton said that he had a long time delivering newspapers to the rich. It was also a time for him to experience and learn many valuable lessons so that he could become the millionaire he is today from a poor boy.
Here are lessons that John Rampton says has changed both his life and career.
Money greases the wheel
Source: Getty Images
Having a difficult background, Rampton had to work from a very young age. At 12, he had to make money to feed his family. It was also the only way for him to have some pocket money for himself, and the first real experience that made him think that only by working hard can he get what he wants.
Across his various newspaper delivery routes, he met people from all backgrounds. There were people so generous that they tipped more than what he would have made from a week-long delivery.
That's when he also realized the difference in behavioral habits of the rich compared to the average person. John Rampton decided to observe them more and focus on taking better care of this group.
Of course, he would still do a good job with everyone. But with rich people, instead of "done well", he always tried to elevate their experience to "great", "excellent". This meant that he would have a better chance of getting a bigger tip.
It is from such a childhood perspective that John Rampton formed the mindset of "Money greases the wheel". Later, when staying at hotels on business trips, he always left a $10 note on the bed for housekeeping, or tipped right before a meal in a restaurant. Thanks to that, he always received better, not to mention perfect service.
This approach is especially helpful for John Rampton when he has to meet with important guests and partners. Perfect service helps make them more satisfied, thus making them happier and more positive, greatly improving his own work efficiency.
Wealth isn't just about money
Source: Getty Images
After starting a business, this experience helped Rampton a lot in his recruitment process. Though Rampton recognized how money motivates people early on, at the same time, he also learned something else important.
That is the better you treat people, the more passionate and devoted they will be. He has applied this many times in business and achieved unexpected results.
The fact that you pay your employees for the value they created to the company is one way to demonstrate this. Or sometimes, just a compliment, like "thank you for a great job", "you did everything well beyond my expectations"... also brings about great intrinsic values to motivate your people.
When the dedication of his employees reached a certain level, Rampton also consulted them about the company's development, offering them more important positions within the organization. This is one way to expand his own network with employees and make others recognize their talents.
As Rampton became richer from his business successes, he realized that the rich don't think about money in the usual way. Money was like a tool or resource that helped them get what they wanted. People with money also tended to value taking care of people more because they understand the real benefits of doing so.
This is not a deliberate, conscious decision, but a natural habit of thought that is exhibited by the rich.
Virgin owner Richard Branson once said, “A company is simply a group of people. And as a leader of people, you have to be a great listener, you have to be a great motivator, you have to be very good at praising and looking for the best in people. People are no different from flowers. If you water flowers, they flourish. If you praise people, they flourish. That’s a critical attribute of a leader.”
Treat others the way you would expect them to treat you. This is the golden rule that can change both the life and career that John has valued for many years. The better your relationships with others, the better value you get.
H/T: Entrepreneur
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