Tuesday, January 28, 2014

Author Q&A: Gary Douglas Publisher of The Penny Capitalist by James J. Hester

Gary Douglas, publisher of the book The Penny Capitalist by James J. Hester, stopped by for a Q&A.

The Penny Capitalist is one of the books that influenced my life a great deal. It’s like when I first read it, I had been buying things. I had been looking to have better things in my life but I hadn’t looked at the idea that what you spend you actually create your future. So if you are spending today to create a future and what happens when you get to the future you end up having more and you have something you can sell.

So The Penny Capitalist is brilliantly done. It’s got succinct information that will help you in determining what works for you and will give you the awareness even if you don’t have a lot of money you can begin with where you are. You don’t have to save up, get lots of money or anything else to create wealth you would like to have in the future.

So I guess it’s brilliance is why you’re bringing back a book today that was published in 1979?

I’m bringing it back because in 1979, the economic conditions were not dissimilar to now, they weren’t quite as extreme as they are now, but they not dissimilar. It was a time when it was an economic downturn and people were getting rid of things that had value for no money because they were trying to create some money. They had no idea what they were selling. Most people didn’t even have any idea of what they were buying. But in that moment I realized that wow, you have to use your awareness and what you are aware of and what you know to determine what can be valuable to you or what can be valuable to your future. I bought things because they were aesthetically pleasing and in 1979 was right after one of my kids was born and I had no money. When you have a kid and you are trying to work and nothing is working the way you want it to. I had almost no money but I knew I wanted to have a greater life. I wanted to have more in the future. So I started doing what I could to create a future and what I could to have a nice place to live and to have beautiful things around me. The words of wisdom in Mr. Hester’s Universe are quite amazing. I personally had the opportunity to meet with him and it was amazing to see a man who is in his eighties, I think he is 88 now, but he still functions from these principals of looking forward to how you create your future, not looking at what you had or what you gotten as though that is your future.

What does the title actually mean, The Penny Capitalist?

It means you start from where you are with the pennies you have available to buy something rather than trying to come up with millions of dollars to create. You take the pennies you have available now and start creating. And if you start creating from pennies you have today, in the future you will have hundreds. And if you keep functioning from the future, the hundreds pretty soon will be thousands and if you function from thousands, pretty soon you will have hundreds of thousands. This is the way you create your future from the fact that people always throw things away not knowing what they are. Your awareness will create your future if you’re willing to use it.

The book was written so long ago. Since then there has been so much new knowledge and education, why is it relevant ahead of its time?

Well because it was ahead of its time. And it looks at the pragmatics of where you are now. He has written another book published by another company and that book is about hedging your bets against inflation and all the economic downturn. He talked about the economic downturns in that book before they occurred. It’s like, in reality, everything that is actually worth knowing about has been written about at one time or another. You need to look at the ones that actually work for you and see how this applies. It’s not about the time. It’s about the energy of how things are created. The times may be different, the creation is the same.

Who do you think the book is for?

Anybody who is smart enough to have money.

What are the top three things people can do to build a small fortune right now from nothing?

Be aware of what is actually worth money. Be aware of what is intrinsically valuable which means it’s what other people think are valuable. Learn as much as you about what people think is valuable so that you know what you’re looking at when you see it.

So from stocks to properties to …

You need to be able to look at a property and go, wow, this is a good price, not is perfect, not is everything I want and how much will it cost me to fix this up to make it worth more money? How much will it cost? Educate yourself on the cost of change and renovation. Educate yourself about different things. Educate yourself about how money works. It’s like this is just another book that will give you a piece of education that will prepare you for creating what you want.

OK. Is James Hester available to do interviews?

He is. He’s in Colorado but you have to pay him.

I have to pay him?

No, you could call him and do an interview. Tell him you’re working with me.

So, in a nutshell why re-publish this book?

It’s out of print. One of the reasons we reprinted it is because the copies of it that were available were going from $300 to $900 to buy them on the internet. That’s when we realized this must have some value that people are not acknowledging.

Wow, OK.

So now you can get it at a reasonable rate so you can choose the wisdom that this man has to offer.

So do you people will care or be open to a book that was written so many years ago?

They’ll love the fact that some man, who is his eighties, they’re suddenly looking back at his books and on the internet, it was costing $900. What? What does this guy have to say?

So the knowledge that he had then was ahead of its time. That’s what you were saying.

All knowledge that’s valuable is always ahead of its time which is what makes it timeless.

So how would you label James Hester’s book in a sentence?

He and his book are about the pragmatics not bout philosophy.

About the book:

Are you the sort of person who runs out of money on the 25th of every month, has no savings account, and wonders how you’ll ever find the money to get your daughter’s teeth straightened? Then meet James Hester.

He and his wife had $70 and a four-year-old Studebaker when they were married in 1955. By 1968 they had a better car, more than their fair share of personal belongings, and $14,000. Then their net worth increased to $300,000. The increase was more than his total salary. They did this while raising three sons and maintaining a comfortable standard of living.

Amazing? It certainly is. Lucky? Not at all! James Hester followed a plan—and you can use it every bit as effectively as he did.

This book holds principles that are needed today, principles that each generation has to learn all over again! Markets go up, and markets go down. When they go down, the average investor panics and sells out at the bottom. When they go up, the average investor waits to see if the rally is real, and by the time they decide to buy the market is topping out. The savvy investor does just the opposite.

About Gary Douglas: Gary Douglas used his degree in psychology towards the founding of Access Consciousness. He has grown his company to 49 countries with over 2000 facilitators. A businessman of great magnitude, Gary has authored numerous books including, Money Is Not the Problem You Are and also Right Riches for You. Gary travels the world sharing his expertise and is a frequent TV and radio show guest, and has been featured in various publications such as, AskMen.com, Marvelous Girl, Morning Show (NZ) Body and Soul, Empower Magazine, Voice of America, Playboy Radio and Dr. Pat Show, to name a few. This father of four children avidly rides wild stallions and says life is just beginning.

About Author, James Hester: James Hester (aka Algernon Horatio) has been a full professor and research scientist at a large mid-western state university. He is the author of a textbook and numerous scientific articles and monographs. He has served in research and administrative capacities with several federal and state agencies and a state museum. His career as a Penny Capitalist did not result from any grand design but from the imaginative pursuit of offbeat opportunities, or, as he puts it, “the only alternatives open to me.”


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