A Quote by Andrew Carnegie
The man of wealth [should] consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer to produce the most beneficial results for the community - the man of wealth thus becoming the mere trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience and ability to administer, doing for them better than that they would or could do for themselves.
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Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.
The man who dies leaving behind him millions of available wealth, which was his to administer during his life, will pass away unwept, unhonoured and insung no matter to what uses he leaves the dross which he cannot take with him.
The day is not far distant when the man who dies leaving behind him millions of available wealth, which was free for him to administer during life, will pass away unwept, unhonored, and unsung, no matter to what uses he leave the dross which he cannot take with him. Of such as these the public verdict will then be: The man who dies thus rich dies disgraced. Such, in my opinion, is the true gospel concerning wealth, obedience to which is destined some day to solve the problem of the rich and the poor.
If a man loses a dear friend, he looks around and sees many friends come to console and comfort him. If a man loses his wealth, after a little thought he will realize that the delight that came from wealth will be restored by finding more. Thus he forgets his loss and is consoled. But if a man's heart is deprived of peace, where will he find it again, how will he replace it?
Man did not address his inquiries to the earth on which he stood until a remarkably late stage in the development of his desire for knowledge. And the answers he received to the questions, "Where do I come from?", "What is man?", although they made him poorer by a few illusions, gave him in compensation a knowledge of his past that is vaster than he could ever have dreamed. For it emerged that the history of life was his history too.
The most valuable wealth of a man is his knowledge, which cannot be destroyed; all other riches that he has gained are not considered to be wealth at all.
As a man falls out of favour and his wealth declines, we discover for the first time the ridiculous aspects of his character, which were always there but which wealth and favour had concealed.
Nothing could be more beneficial for even the most zealous searcher for knowledge than his being in fact most learned in that very ignorance which is peculiarly his own; and the better a man will have known his own ignorance, the greater his learning will be.
It is true that so far as wealth gives time for ideal ends and exercise to ideal energies, wealth is better than poverty and ought to be chosen. But wealth does this in only a portion of the actual cases. Elsewhere the desire to gain wealth and the fear to lose it are our chief breeders of cowardice and propagators of corruption. There must be thousands of conjunctures in which a wealth-bound man must be a slave, whilst a man for whom poverty has no terrors becomes a freeman.
Man needs to be Saved from his own Wisdom as much as from his own Righteousness, for they produce one and the same corruption. Nothing saves a man from his own righteousness, but that which delivers him from his own wisdom.
No man is the wiser for his learning; it may administer matter to work in, or objects to work upon; but wit and wisdom are born with a man.
It is better to give love. Hatred is a low and degrading motion and is so poisonous that no man is strong enough to use it safely. The hatred we think we are directing against some person or thing or system has a devilish way of turning back upon us. When we seek revenge we administer slow poison to ourselves. When we administer affection it is astonishing what magical results we obtain.
Fiduciaries are people who hold legal obligations of trust, like a trustee of a trust. A trustee must act in the beneficiary's best interests and not his own. If the trustee fails to do that, the trustee can be removed, even if what the trustee has done is not a crime.
The truth is, you leave this world with nothing. What you are is a temporary administrator, and you must administer well... the wealth in your care, and generate more. The surplus can be used to do many things for people.
Women administer the home. They set the rules, enforce them, mete out justice for violations. Thus, like Congress, they legislate; like the Executive, they administer; like the courts, they interpret the rules. It is an ideal experience for politics.
I regard large inherited wealth as a misfortune, which merely serves to dull men's faculties. A man who possesses great wealth should, therefore, allow only a small portion to descend to his relatives. Even if he has children, I consider it a mistake to hand over to them considerable sums of money beyond what is necessary for their education. To do so merely encourages laziness and impedes the healthy development of the individual's capacity to make an independent position for himself.
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