The Richest Man in Babylon - Deepstash

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~GEORGE S. CLASON

"A part of all I earned was mine to keep." -

~GEORGE S. CLASON

39

769 reads

Pay Yourself First

Pay Yourself First

  • The book emphasizes the importance of saving a portion of your income before spending it on other things.
  • Aim to save at least 10% of your earnings and gradually increase that amount over time.

47

776 reads

Live Within Your Means:

Live Within Your Means:

  • Control your expenses and avoid living beyond what you can afford.
  • The book encourages individuals to budget wisely, prioritize needs over wants, and avoid excessive debt.

44

719 reads

Invest Wisely

Invest Wisely

  • The book promotes the idea of investing your savings to generate wealth.
  • Seek out opportunities that offer the potential for long-term returns and educate yourself about various investment options.

38

625 reads

~GEORGE S. CLASON

"Money is plentiful for those who understand the simple laws which govern its acquisition."

~GEORGE S. CLASON

44

645 reads

Make Your Money Work For You

Make Your Money Work For You

  • Instead of working for money throughout your life, the book suggests making your money work for you by investing it intelligently.
  • Compound interest is highlighted as a powerful tool for wealth accumulation.

39

597 reads

Seek Knowledge

Seek Knowledge

  • The book emphasizes the importance of acquiring financial knowledge and learning about money management.
  • Continuously educate yourself about personal finance, investing, and wealth-building strategies.

36

570 reads

 ~TONY ROBBINS

"In my experience, in the long run, you make more by promoting what you want than by preventing what you don't want."

~TONY ROBBINS

44

564 reads

Surround Yourself With Experts

Surround Yourself With Experts

  • Seek advice and guidance from knowledgeable individuals who have achieved financial success.
  • Learn from their experiences and implement their strategies to improve your financial situation.

37

512 reads

Take Calculated Risks

Take Calculated Risks

  • The book encourages individuals to take calculated risks in their financial endeavors.
  • Be willing to step out of your comfort zone and invest in opportunities that have the potential for significant returns.

42

480 reads

 ~ WARREN BUFFETT

"Risk comes from not knowing what you're doing."

~ WARREN BUFFETT

47

555 reads

Avoid Get-Rich-Quick Schemes:

Avoid Get-Rich-Quick Schemes:

  • The book cautions against falling for get-rich-quick schemes or speculative investments promising overnight success.
  • Instead, focus on building wealth steadily and patiently over time.

36

492 reads

Preserve Your Wealth

Preserve Your Wealth

  • Once you've accumulated wealth, take steps to protect and preserve it.
  • Diversify your investments, build an emergency fund, and maintain a balanced approach to financial management.

41

479 reads

Teach Financial Principles

Teach Financial Principles

  • Share your knowledge and financial wisdom with others, particularly your children.
  • Educate them about the importance of saving, investing, and making sound financial decisions.

39

460 reads

- PHILLIP FISCHER

"The stock market is filled with individuals who know the price of everything but the value of nothing."

- PHILLIP FISCHER

42

468 reads

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35

472 reads

IDEAS CURATED BY

Different Perspectives Curated by Others from The Richest Man in Babylon

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