Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
Save 10% of your earnings
- You will spend what you budget, so pay yourself first as soon as you receive your earnings.
- Save 10%.
- Understand assets and liabilities – the former makes you more money, while the latter takes away money from you.
18
102 reads
Control your expenses
- Our "necessary expenses" will always grow to equal our income unless we protest to the contrary. Don't confuse necessary expenses with your desires. We all have more desires than our earnings can gratify.
- Study thoughtfully your accustomed habits of living. Reduce or eliminate unnecessary expenses / desires. Budget necessary expenses and never touch the 10% that keeps fattening the wallet.
- Pay your debt on time and don’t purchase things if you are unable to pay for them.
- Always have a budget – it will help you control what and how much you spend.
17
70 reads
Make your money multiply
- Saving without investing means little to nothing. Work on having an income whether you work or travel.
- Learn and use compound interest on your money.
- Wealth that comes quickly, goes the same way.
- There is no quick rich.
17
72 reads
Guard your money from loss
- Don't follow the crowd when investing.
- The first sound principle of investing is security for the principal. Study carefully before parting with your money (investing). Don't be misled to making wealth rapidly.
- Before you invest or loan your money, make sure its ability to repay and its reputation for doing so. Do a pro and cons list.
- Guard your money from loss by investing only where your principal is safe, where it may be reclaimed if desirable, and where you will not fail to collect a fair rental.
17
64 reads
Own a home
No family can fully enjoy life unless they have a home where children can play and parents can raise their family safely.
16
61 reads
Insure a future income for the old days
- Make sure you have a suitable income for when you are no longer young so you can support you lifestyle and your family.
- You may invest in properties or land for this purpose. These might be useful and/or more valuable in the future.
16
47 reads
Increase your ability to earn
- Have a strong desire to earn more than what you currently earn.
- Your goals need to be strong and definite.
- Set clear, defined, and attainable goals.
16
49 reads
The five laws of gold
- Gold comes to those who save one-tenth of their earnings to create future investments
- Gold multiplies when you find profitable employment of itself
- Gold clings to the cautious owner who invest it under the advice of men wise in its handling
- Gold slips away from men who invest it in businesses or purposes he is not familiar with
- Gold flees away when you force it to make impossible earnings or returns
17
47 reads
IDEAS CURATED BY
Curious about different takes? Check out our The Richest Man in Babylon Summary book page to explore multiple unique summaries written by Deepstash users.
Richard Chan's ideas are part of this journey:
Learn more about books with this collection
How to adapt to different speaking situations
How to engage with an audience
How to use body language effectively
Related collections
Different Perspectives Curated by Others from The Richest Man in Babylon
Curious about different takes? Check out our book page to explore multiple unique summaries written by Deepstash curators:
1 idea
Sreehari Pk's Key Ideas from The Richest Man in Babylon
George Samuel Clason
1 idea
Jo Savva's Key Ideas from The Richest Man In Babylon
George S. Clason
16 ideas
Dhruv Sagwal's Key Ideas from The Richest Man in Babylon
George S. Clason
Discover Key Ideas from Books on Similar Topics
18 ideas
How People Think
collaborativefund.com
2 ideas
How jewellery got personal
bbc.com
7 ideas
Leading Blog: A Leadership Blog
leadershipnow.com
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates