The Richest Man In Babylon by George S. Clason - Book Summary
2. Invest saved amount.
3. seven cure for a lean purse
> Must save 10% of your income.
> Control your expenditures. Make your monthly budget.
> Make your money multiply by reinvesting. Invest only in profitable business - consult
with a wise person before investing.
> Guard your money against loss.
> Make up your dwelling a profitable investment. ( Buy a home )
> Ensure a future income.
> Increase your ability to earn which need to improve your skills.
wisely before completing that deal.
5. Five laws of gold
- Save 10% of your income
- Labour your gold
- Be cautious with your gold. Take advice from wise persons.
- Invest in what you know ( known businesses), don't touch unfamiliar business.
- Don't trust on tricks, schemes and own inexperience.
6. The gold lender of Babylon.
Safely invest your money, make sure it should come back with an increase in amount.
Better a little caution than a great regrate applies to both lender and borrower.
7. Secure your wealth from unexpected tragedies.
8. Pay your debts first. consider debts as your enemies and fight them instead of running
away from them.
- It is determination, with this we can find a way for anything.
9. Just thumb rule:
- Save 10 %, spend 70 % and clear debt with 20 %.
10. Work hard
Hard work will make way to your success/goal.
Note:
How to improve your skills:
- More interest in your work.
- More concentration upon your tasks.
- More persistence in your efforts. And Behold.
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