How do you become the richest person in your town?
That’s the simple question that lead author W. Randall Jones, the founder of Worth Magazine, to write The Richest Man in Town: The Twelve Commandments of Wealth. Jones interviewed people from every state in America and discovered over one hundred individuals with the absolute highest net worth compared to their peers… in fact, his “average” interviewee had a net worth of $3.5 billion.
Yes, that’s “billion” with a “b”!
So how did these individuals do it? Jones begins by laying out the groundwork for his method of finding these people. He also offers two caveats: first, he didn’t include people whose wealth came from inheritance. Second, he acknowledged that Americans have a host of advantages when it comes to wealth-building, namely the riches associated with our democracy and our publicly-funded services (free access to basic education, for example).
Then, he jumped right into a thoughtful tome on building and living a “rich life”.
One of my favorite “commandments” was Commandment #2: Find Your Perfect Pitch. In it tells the story of one “richest man in town” (or RMIT). Back in college this RMIT signed up for what he felt certain was going to be an easy college class: music studies. On the first day the professor played a few notes. Who could identify these notes? A large percentage of the hands went up, one student correctly identifying the note thanks to having “perfect pitch”.
At that moment this RMIT understood two things: he didn’t innately possess, nor could acquire, perfect pitch, and, he was competing against those that did. Suddenly, this “blow off class” was a real struggle. He learned the dual lesson of appreciating the talent/skills of others as well correctly identifying his own strengths. He points to this moment of clarity when it came to evaluating his own life.
I liked this chapter because it takes courage to determine your unique skills. It takes even more courage to independently act upon them. We humans have a tendency to delude ourselves in this respect if we’ve built an identity upon something that we are merely “good at” versus “great at” doing. RMITs appear to know themselves quite well and therefore play to strengths, not weaknesses. That’s a lesson from which we can all learn.
If you curious about the habits and outlook of the richest men and women in the United States, this is a must-read. You will evaluate your personal choices relating to time management, vocation, and attitude. I really enjoyed it.

![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=8336b866-6f66-4750-a33e-1e797730a82c)
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=db440d64-6f09-4dc0-916f-3b000730b1b4)