<ul><li>You will spend what you budget, so pay yourself first as soon as you receive your earnings.</li><li>Save 10%.</li><li>Understand assets and liabilities – the former makes you more money, while the latter takes away money from you.</li></ul>

Save 10% of your earnings

<ul><li>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.</li><li>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.</li><li>Pay your debt on time and don’t purchase things if you are unable to pay for them.</li><li>Always have a budget – it will help you control what and how much you spend.</li></ul>

Control your expenses

<ul><li>Saving without investing means little to nothing. Work on having an income whether you work or travel.</li><li>Learn and use compound interest on your money.</li><li>Wealth that comes quickly, goes the same way.</li><li>There is no quick rich.</li></ul>

Make your money multiply

<ul><li>Don't follow the crowd when investing.</li><li>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.</li><li>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.</li><li>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.</li></ul>

Guard your money from loss

No family can fully enjoy life unless they have a home where children can play and parents can raise their family safely.

Own a home

<ul><li>Make sure you have a suitable income for when you are no longer young so you can support you lifestyle and your family.</li><li>You may invest in properties or land for this purpose. These might be useful and/or more valuable in the future.</li></ul>

Insure a future income for the old days

<ul><li>Have a strong desire to earn more than what you currently earn.</li><li>Your goals need to be strong and definite.</li><li>Set clear, defined, and attainable goals.</li></ul>

 Increase your ability to earn

<ol><li>Gold comes to those who save one-tenth of their earnings to create future investments</li><li>Gold multiplies when you find profitable employment of itself</li><li>Gold clings to the cautious owner who invest it under the advice of men wise in its handling</li><li>Gold slips away from men who invest it in businesses or purposes he is not familiar with</li><li>Gold flees away when you force it to make impossible earnings or returns</li></ol>

The five laws of gold

This is the complete, original 1926 edition of a classic. (A condensed, simplified retelling is also available under the title The Richest Man in Babylon: Six Laws of Wealth, ISBN 1490348557.) "As a young man, I came across George Samuel Clason's classic book The Richest Man in Babylon, which offered commonsense financial advice told through ancient parables. I recommend it to everyone." --Tony Robbins, Money: Master the Game The ancient Babylonians were the first people to discover the universal laws of prosperity. In his classic bestseller, "The Richest Man in Babylon," George S. Clason reveals their secrets for creating, growing, and preserving wealth. Through these entertaining tales of merchants, tradesmen, and herdsmen, you'll learn how to keep more out what you earn; get out of debt; put your money to work; attract good luck; choose wise investments; and safeguard a lasting fortune. Visit SuccessBooks.net for more of the greatest success guides ever written.

books

Books

The Richest Man in the Babylon. This book deals with the personal success of each of us. Success means results coming from our efforts and ability. A good preparation is the key to our success. So keep a part of what you earn with yourself. From the benefits of saving to the essentials of getting rich, this collection of educative Babylonian fables gives you timeless information on how to make money. It guides to getting rich, attracting good fortune and the five golden rules. As a guide to understanding hydro-wealth and a powerhouse has been inspiring readers for generations. You know that Babylon became the richest city of the ancient civilization because it had reserved part of its earnings for the future. Thats why citizens got everything they wanted. How can you always keep your wallet heavy, the author has taught very beautifully on this topic.

George Samuel Clason, also known as George S. Clason. George Samuel Clason was born in Louisiana, Missouri, and died in Napa, California.During his eighty two years he was a soldier, businessman and writer. He served in the United States Army during the Spanish-American War.Clason started two companies, the Clason Map Company of Denver Colorado and the Clason Publishing Company. The Clason Map Company was the first to publish a road atlas of the United States and Canada, and did not survive the Great Depression.George Clason is best known for writing a series of informational pamphlets about being thrifty and how to achieve financial success. He started writing the pamphlets in 1926, using parables that were set in ancient Babylon.

The Richest Man in Babylon

Richard Chan