The Richest Man in Babylon book summary

The Richest Man in Babylon by George S. Clason

7 Simple Rules of Money: 1) Start Your Purse with Motoring: Save Money.  2) Control your spending: Don't spend too much.  3) Multiply your gold: Invest wisely.  4) Protect Your Treasure from Loss: Investments that may not be right should be avoided.  5) Make your housing a profitable investment: own your home.  6) Ensure future income: Protect yourself with life insurance.  )) Improve your earning skills: Try to be smarter and wiser.

 You must succeed with money to fulfill your dreams and desires.

 The laws of money are like the laws of gravity: fixed and unchanged.

 For those who understand the simple rules of making money, there is a lot of money

 Babylon was the richest city in the world at the time of its rise because its people valued money.

 You should have a regular income that keeps your purse full.

 "It doesn't cost anything to seek wise advice from a good friend."

 It is easy to say, but many people cannot earn a hefty amount of wealth because they never want it.  They never really search for it, focus on it and are committed to it.

 Young people often mistakenly believe that the elderly and the wise only know about those days.

 You start building wealth as soon as you realize that you have all the money partners to make money.  That means pay yourself first.  You always pay the other for products and services.  Give yourself money.  Save money

 You should save at least 1-10 of what you earn.  More if you can afford it.

 Do not consult money with brick layers.  If you want expert advice, go to people who specialize in a particular subject.  Advice for amateurs is very easy.

 First make a mountain of gold for yourself, then you can enjoy as much as you want without worrying.  Don't spend your money on earning.

 Surround people with money, people who work with it every day, and people who earn a lot of money.

 Enjoy life while you're here.  Do not over-trim to save.

 Don’t invest your money in investments that don’t pay dividends, but look great even in those risky places.

 As long as you do not resist this desire, each person will increase the "necessary expense" to match their income.  Don't confuse the expenses you need with your aspirations.

 “A man's wealth is not in his purse.  It is in their income.  "

 Ensure future returns.  Every man is old.  Make sure your income goes without work.

 Buy life insurance Provide in advance to protect your family.

 Increase your chances of earning.  Improve your skills.  As you perfect your craft, your power will grow.

 The more we know, the more we can earn.  The person who wants to know more about his craft is able to earn more.

 You can't reach the full measure of success unless you have shrunk the feeling of relaxation within yourself.

 5 Rules of Gold: 1) Gold is easily and excessively acquired, which saves at least 1/10% of its income.  2) Gold workers are hardworking and manifold for those who find profitable employment.  3) The person who invests his gold with intelligent people, a layer of gold is placed to protect him.  4) Gold moves away from the person investing in gold for the purpose of not being acquainted with the person.  5) Gold blows the person who tries hard to earn it impossible.

 If you want to help your friend, don't do things that put your burden on you.  There are many ways to help people.  You do not have to choose your own time, money, energy or ways to limit your ability to take care of yourself.

 The wise nder lender is always a compensation guaranteed investment will go badly.

 Above all, you should be willing to defend your own money.  Used very carefully with great remorse.

 Protect yourself with insurance.  You cannot be insecure.

 Don't live your way out.

 A person does not respect himself if he does not pay.

 The spirit of a free man sees the world as a series of problems.  Meanwhile the spirit of a slave said, What can I do?

 "Where there is resolve, there will be a way out."

 If you are in debt, 70% of what you do survives.  Save 10% for yourself.  Use the remaining 20% ​​to pay off your debts.

 Stick to the plan Money is taken up surprisingly quickly and debt goes away quickly with discipline and consistency.

 Friends who appreciate your hard work attract you.  Work attracts money and opportunities.  "Hard work is my best friend."

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