The 7 + 2 Cures for a Lean Purse

babylon rich

Paraphrased excerpt from “The Richest Man In Babylon!”

Start thy purse to fattening:
“For every ten coins thy placest within thy purse take out but nine. Thy purse will start to fatten at once……”
(Save at least 10% of everything you earn!)

Control thy expenditures:
“Budget thy expenses that thou mayest have coins to pay for thy necessities……enjoyments……thy worthwhile desires……without spending more than nine tenths of thy earnings……”
(Establish a spending plan and spend only what you have after you have put away your 10%.)

Make thy gold multiply:
“…..put each coin to laboring that it may reproduce its kind……”
(Make your money work- don’t put it in the mattress- invest it!)

Guard thy treasures from loss:
“……Consult with wisemen…those experienced in the profitable handling of gold……protect thy treasure from unsafe investments.”
(Obtain professional advice and invest in solid performing companies!)

Make of thy dwelling a profitable investment:
“…..own thy own home.”
(Choose your home, and its location carefully and plan on that your home will be an appreciating asset.)

Insure a future income:
“……provide in advance for the needs of thy growing age…. no matter how prosperous his business……”
(Do a retirement plan! Know- don’t guess- what you will need to live, the way you want to live!)

Increase thy ability to earn:
“……cultivate thy own powers, to study and become wiser, to become more skillful, to act as to respect thyself.”
(Engage in constant self-improvement. Keep your skills current. Technology and time will eventually make your skills obsolete!)

This one is from me:
Build ye an investment investigation source!

The Last One:
To become wealthy seek the council of professionals!