Lesson 2: Learn how to be lucky by working hard. - Deepstash
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Lesson 2: Learn how to be lucky by working hard.

The summary intro said “learn how to be lucky”. What a fascinating idea, isn’t it?

But how can this book teach you something that’s really not in your hands?

This is where most people are mistaken. No one ever said luck was something that can’t be manufactured . We just expect it to be.

That’s something called chance. A random occurrence with very little likelihood of happening, such as winning the lottery or being struck by lightning.

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403 reads

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The 21 year old on his first corporate job, who’s happily spending his income every month, the 45 year old who’s taken on a loan or two to finance luxury purchases, and anyone who buys lottery tickets on a regular basis.

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George S. Clason was a soldier, businessman, and writer. The Richest Man In Babylon is his most popular piece of work, consisting o...

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You know best where you’re spending money just for the sake of convenience, entertainment and gratification, that’s really not necessary and that’s exactly the money you should be saving and investing instead.

The Richest Man In Babylon suggests you save 10% of your income to invest...

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The Richest Man In Babylon is a must read for anyone wanting to truly master the concept of money. The book delivers financial tips in a very strong way: by wrapping them into amazing stories. What’s more,...

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3 Important Lessons From The Book

  1. Live below your means.
  2. Learn how to be lucky.
  3. Never take on debt.

What is it that makes rich people rich?

I’m not talking about the kids of millionaires or oil sheiks, who’ve always been rich.

I’m talking about the people who, after working hard ...

80

854 reads

Do they stuff every penny they earn into their mattress? Or do they just work abnormal hours no one can keep up with?

The truth is in the middle.

Wealthy people develop their riches mostly based on 2 things:

  1. Living slightly below their means.

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Luck, however, is based on opportunity and you can create more opportunities by working hard.

Consider Jerry Weintraub’s story.

364 times, the man said ‘No’. But eventually, on the 365th day, he said yes.

Jerry didn’t get lucky. He worked. Every day he called, until the timin...

66

255 reads

Luck, however, is based on opportunity and you can create more opportunities by working hard.

Consider Jerry Weintraub’s story.

364 times, the man said ‘No’. But eventually, on the 365th day, he said yes.

Jerry didn’t get lucky. He worked. Every day he called, until the timin...

74

562 reads

Living below your means is the first checkpoint you have to pass to even have the money to invest, so why not start there?

The goal of our Western economy and education system is for you to take on a 40-ho...

69

676 reads

The summary intro said “learn how to be lucky”. What a fascinating idea, isn’t it?

But how can this book teach you something that’s really not in your hands?

This is where most people are mistaken. No one ever said luck was something that can’t be manufactured . We ...

70

575 reads

But when you go out and get a loan to finance it, you’ll delay your journey to wealth for months or even years, because you now have to spend the money you save each month to pay off the debt, instead of being able to invest it.

Instead of solving your problems with loans, ask “how can I a...

74

402 reads

This should (in theory) be a no-brainer for anyone, yet we find ourselves in a world where the average American is over $150,000 in debt .

One of the first st...

71

522 reads

The Richest Man In Babylon - Summary

The Richest Man In Babylon - Summary

 The Richest Man In Babylon gives common sense financial advice which you can apply today, told through tales and parables from the times of ancient Babylon.

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This should (in theory) be a no-brainer for anyone, yet we find ourselves in a world where the average American is over $150,000 in debt .

One of the first st...

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237 reads

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The Richest Man in Babylon - Summary

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