Tuesday, July 26, 2022

SECRETS OF THE RICHEST MAN IN BABYLON

*7 Powerful Lessons From The Book "The Richest Man in Babylon"*

1. *Pay yourself first with 10% of your income.*

You will adjust your budget to fit your means within the other 90%. 

2. *Control unnecessary expenses by controlling your desires.*

Desires grow when there is a chance of them being fulfilled. Study your habits and eliminate any unnecessary expenses. 

3. *Make your money work for you by investing your savings.*

Invest the profit from your investments to grow your wealth even quicker. 

4. *Make safe investment decisions to prevent financial ruin. Your money can't work for you if you lose it.*

Do your best to never lose money. 

5. *Own a home if it means you can save on rent.*

If you can rent out rooms to lower your living expenses, do it. 

6. *There will be a day where you can no longer work and earn*.

Prepare for retirement from an early age. The earlier, the better. 

7. *Increase your ability to earn more money by amassing skills.*

It is the burden of all men to gain the confidence needed to achieve his desires.

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