Learn more about moneyandinvestments with this collection
The importance of innovation
The power of perseverance
How to think big and take risks
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 afford this?” and figure out ways to make more money or save more money, so you can buy the things you want.
Taking on debt has never solved any problems, it just creates more, so finish the spending spree and start saving!
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MORE IDEAS ON THIS
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.
66
422 reads
George S. Clason was a soldier, businessman, and writer. The Richest Man In Babylon is his most popular piece of work, consisting o...
69
873 reads
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,...
69
368 reads
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
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 ...
68
403 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
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 gives common sense financial advice which you can apply today, told through tales and parables from the times of ancient Babylon.
71
1.42K 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...
65
237 reads
CURATED FROM
IDEAS CURATED BY
The Richest Man in Babylon - Summary
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Other curated ideas on this topic:
Refinance your home or automobile at a lower rate to save money over the life of the loan and lower your monthly payment.
If your student loans are locked in at a high-interest rate, figure out whether it makes sense to consolidate all or some of them.
Personal finance is about managing your own money - how much you spend, save, get into debt, and invest.
How you manage your money will depend on your age, education, ambition, family, and country of residence. While this guide will give you enough input to work out a stra...
We need to adopt healthy financial habits, taking care of our money and trusting the process that builds wealth through saving and investment.
Keep content with your current life and enjoy what you can, while saving big. As you grow into your thirties and forties, save and invest as much ...
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