In 1848, a young struggling family of four immigrated from Scotland to the United States. Andy, who was 13 years old, jumped right in to help his financially strapped family. His parents let him get a job at a cotton mill for $1.20 a week, which is equivalent to $48 a week in today’s numbers. Andy worked hard and eventually moved onto a local telegraph company, and then to the railroad. He excelled there and was promoted to supervisor by the time he was 24. One day, an opportunity came to financially invest in the railroad, which proved to be profitable and launched him into the world of investing and business. One of those was steel, and in 1873, while not yet 40 years old, he organized a steel company, which became the largest steel company in the world. Then in 1901 Andrew Carnegie sold his business, which made him the world’s richest man.
January 10, 2024
How to Become Rich