MY LESSONS FROM THE RICHEST MAN IN BABYLON, PAGES 1-21
Money is the medium by which earthly success is measured
The measure of a man's wealth is not in the purse that he carries around
️ We shouldn't be too proud to ask people for help
It is either you haven't learnt the laws that govern the building of wealth or you do not not observe them if you are still poor
Wealth is a power that makes many things possible
Time and study will be required
A part of what you earn is yours to keep. Always pay yourself first
Anyone who takes advice about his savings from an inexperienced person in such Matter shall pay with his savings for proving their false opinions
IN SUMMARY
▪Live upon less than you could earn
️▪️Seek advice from those who are competent through their experiences to give it
▪️Make money work for you
MY LESSONS FROM THE RICHEST MAN IN BABYLON, PAGES 22-42
CURES FOR A LEAN PURSE
Start thy purse to fattening - utilize the source of wealth which you have already established. Save 1/10 of your income.
Control your expenditure - learn to budget your necessary expenses and do not touch your savings at all. The purpose of budget is to help you realize the most cherished desires by defending them from casual wishes
Make thy gold multiply - invest your money to make it grow
Guard thy treasures from loss - invest only when your principal is safe, where it may be reclaimed if desirable and where you will not fail to collect a fair rental
Make your dwelling a profitable investment
Insure a future income - plan for the future
Increase your ability to earn - engage in multiple sources of income, if you need to learn more about your skill, do so. The more wisdom we know, the more we earn.
Pay your debts with all the promptness within your power and don't purchase what you won't be able to pay for.
Package from
Summary from The Richest Man in Babylon
Sen.Godfrey