• Home
  • About
  • Advertise
  • Contact
  • Policy
  • Guest Post
  • Archive

One Cent At A Time

A Personal finance blog to get rich

  • Email
  • Facebook
  • Pinterest
  • RSS
  • Twitter
  • Beautiful Life
  • Becoming Rich
  • Beginners Guide
  • Extra Income
  • Productivity
  • Saving Money

3 Money Saving Tips from One of History’s Biggest Shipping Magnates

February 20, 2015 1 Comment

Share this:

  • Tweet
  • Email

Shipping and the port trade has long been big business and for centuries, many people have been making their relative fortunes owing to the bounty of the coast. In recent times, however, one such shipping magnate stands out more than most, especially in terms of wealth, success and a fulfilled life full of adventure and challenge.

Shipping Lines

Maersk Mc-Kinney Moller is that man. One of the 20th centuries most successful businessmen, Moller was responsible for moving unfathomable amounts of containers around marine towns and cities, accruing great wealth along the way.

Learning from some of his lessons toward finance is just one of the ways in which money-conscious readers can benefit from this great shipping tycoon.

Work With the Situation Not Against It

So many times when it comes to saving and setting strict financial measures on ourselves we look outside, to changing the system or situation, rather than working on it. For Moller, the Second World War provided such a test, with Germany occupying Denmark, home to Moller at the time and also the base of his business operations.

Instead of looking at workarounds as to keep his business fully functioning, Moller instead took off for the United States and carried on running his family business from his new home in New York, waiting to return to Denmark in 1947.

The lesson for ourselves? Change or forced change, especially in our investment habits or earning capacity, might be something of a blessing in disguise. Furthermore, as Moller has shown, it should never spell the death knell of your goal toward financial freedom.

Spend Money to Make Money

Throughout his long life (Moller lived and worked too well over 90 years old), Moller made generous donations to a whole host of causes that fit under his philanthropic focus. He wasn’t afraid to use his money for good causes, nor was he fearful of spending it and never seeing it come back. Such was his bravery and goodwill.

Included among Moller’s philanthropic activities were his support of science in Denmark, as well as his financing of cultural projects like the Copenhagen Opera House and social projects like helping to finance the building of schools. If Moller has helped prove anything it’s the simple rule of wealth: spending money (especially on good causes) is likely to come back around, perhaps even double-fold.

Trust

Moller was always keen to point out his philosophy toward trust and value throughout his business years, especially in documentary videos and interviews about his strategies and approaches to wealth creation. “The basic principle is, people can trust us”, he once said, pointing toward the importance of gaining the confidence of those you invest in and create value for, as well as that of having faith in your own decisions.

The same goes for saving and working toward financial freedom. Trust yourself that you can do it and keep that same level of confidence in the process working. In the end, it will all pay dividends.

There’s a lot to learn from Moller, not just in the ways of wealth creation and business, but also in life too. And although you’re unlikely to draw parallels to his exact level of wealth and success, just remind yourself that there’s always something to learn that can help you on your quest.

LIKE THIS POST?
I agree to have my personal information transfered to MailChimp ( more information )
Join our community of 8000+ subscribers to increase your net worth and build wealth
We hate spam. Your email address will not be sold or shared with anyone else.

Share this:

  • Tweet
  • Email
The tool that changed the way I manage my personal finance - Personal Capital, The Best Free Personal Finance Tool

Want to start a WordPress blog now? The onecentatatime.com blog is hosted by Siteground Web Hosting. For only $3.95 a month, Siteground can help you set up and host your website/blog quickly and easily.

About the Blogger Hi I am SB, a personal finance enthusiast with a career in software development. I am an immigrant to the USA since 2005, after being born and brought up in India. This 40 something technocrat lives and breathes personal finance whenever he gets time from the day job, job as a husband and a dad

Some links on this page may be affiliate links, if you make a purchase following the links, I may earn a commission. Read affiliate disclosure here
« 101 Personal Finance Tips I Wish I Could Tell Entire Universe
Tips for Planning a Family Vacation on a Budget »

Comments

  1. WizMe says

    September 16, 2015 at 1:26 AM

    Using the smallest packaging possible will save you on shipping costs since you may be charged according to the size of the package, and smaller packages may be lighter and even cost less themselves.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



Create your own blog in 20 minutes and $20

Personal Capital, a free tool to change your financial health today

I use and suggest Upstart, for your personal loan need

CreditKarma, a free tool to check your credit scorey

I use Coinbase, for my crypto investments

101 Cents at a Time

101 Ways to Earn Extra Money on the Side
201 Frugal and Perfect Birthday Gifts
101 Ways to Save Money Everyday
101 Ways to be Better and Successful at Work
101 Ways to Save Environment and Energy
101 Frugal and Romantic Anniversary Ideas
101 Low-Cost Men's Fashion Ideas
101 Personal Finance Tips
101 Ways to Reuse Household Stuff
101 Things to Do, When Nothing to Do
101 College Graduation Gift Ideas
100 Tips for Ecommerce Startup
101 Ways to Enjoy Indoor During Winter
101 Ways to Beat Procrastination

Popular Posts

Quick Cash - How to make $100 legally, in a day
Living well on less than $15,000 a Year
Top survey sites for side income
What to do when auto repair goes wrong
Where should I invest my money now?
20 Ways to be productive and happy at work
51 Ways to get out of debt
Be a better person in 15 days, 15 ways
Income ideas for retirees and senior citizens
51 side jobs for college students
Urgently need a large amount of money?
Should I buy or should I rent?
Best Personal loan providers
25 Ways to save environment
25 DIY car repairs to save money
How to decorate office cubicle
How to show your wife you care
50 Financial Rules for Success
51 Frugal weekend family activity ideas
Become Rich By Saving 1 Hour Of Daily Wage
How much do I need to save for retirement?
How to negotiate your salary

Follow us on FaceBook

About Author

SB

Blogger by choice and IT manager by profession. Finance is my passion and gardening is my greatest satisfaction. Born in India, settled in US, Husband and a father. I created this blog in 2011 with a vision to help others. Thanks for your patronage. More info on my "about" page.

View all posts


Subscribe

Join our community of 5000+ subscribers to increase net worth and build wealth

Advertisements

Personal Stories

How I got a new HP computer replaced
Was COVID circulating in USA in fall of 2019?
How my credit score went up 800+
Why I didn’t invest in Bitcoins
How I controlled impulses to buy things
Why this blog is named One Cent at a Time

Subscribe via Email

Site Disclaimer

Disclosure of Material Connection: Some of the links in this web site are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”
Read full Affiliate disclosure


One Cent at a Time is published by SB. The opinions expressed herein by him are his own and not those of his employer or anyone else. All content on One Cent at a Time is for entertainment purposes only. By reading this blog, you agree that SB and/or One Cent at a Time is not responsible for any actions taken after reading this blog. For the full disclaimer, click here .

Major Media Mention

One Cent at a Time Media Appearances

Copyright © 2023 One Cent At A Time · Designed by Nuts and Bolts Media