The Richest Man in Babylon - Deepstash
The Richest Man in Babylon

Pairav Kathuria's Key Ideas from The Richest Man in Babylon
by George Clason

Ideas, facts & insights covering these topics:

5 ideas

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Saving is important.

It is very important to save as it helps in an unforseen time or even helps you build wealth.Even if you are an adult,teen or even a parent can teach their small children to save a little bit amout of money.

6

116 reads

How to save?

In order to save you just need a little bit of discipline.Just make it a necessity that when you get your salary/pocket money,you will take minimum 10% and keep progressing as you start becoming comfortable.You cam also save a portion when you get any relatively good sum from relatives on birthday,etc.So you just need to start

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104 reads

Happiest feeling.

When you save as time passes and believe me it does there is a feeling of happiness or a sense of achievement.It increases a bit of confidence that you have a control on your financial health

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96 reads

What to do with the amount left?

The amount of money left after taking out the saving divide it into necessities and wants.Use it carefully but as you have saved enjoy this amount to yourself to the fullest and if you are liking it you can save more but dont become miser,you know

6

85 reads

What to do with the saving portion?

Dont just waste the amount you saved on any desire.You shoud either

1)You should try to pay back your debts as fast as you can.

2)Try to acquire safe assets.Assets which have a good possibility of giving return.Dont expect a 100% return even 7 or 8% is enough.Dont get greedy

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95 reads

IDEAS CURATED BY

pairavkathuria

Curiosity that gets me into trouble

CURATOR'S NOTE

Financial education

Curious about different takes? Check out our The Richest Man in Babylon Summary book page to explore multiple unique summaries written by Deepstash users.

Pairav Kathuria's ideas are part of this journey:

Creating A Culture Of Learning

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The balance between personal and professional effectiveness

Proactivity versus reactivity

The importance of defining your path in life

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Curious about different takes? Check out our book page to explore multiple unique summaries written by Deepstash curators:

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