Original FB post by Art Jonak…And I’ve read this book and agree with him 100%. So here you go…
One of the books I have gifted the most is The Richest Man in Babylon.
The absolute BASICS of finance. Timeless, straightforward lessons that are worth MILLIONS over a lifetime.
The lessons are the following:
⭐️ Start thy purse to fattening:
PAY YOUR SELF FIRST.
Every single dollar that comes in, take at least 10% of it and put it into your savings.
The government, your desires, your family, your friends, everyone and everything wants a piece. Pay yourself first.
⭐️ Control thy expenditure:
SPEND LESS THAN YOU EARN.
Grow the conviction to say no to the drinks, your friends, the crazy consumerism that is being fed to you.
Almost 50% of Americans spend more than they earn. Don’t be a sheep. DISCIPLINE.
⭐️ Make thy gold multiply:
YOU WILL NEVER BE WEALTHY OFF OF YOUR LABOR.
You need to have every single dollar working for you. That means, invest.
Whether it be in your side business, an ETF or some Real Estate . LEARN to invest.
⭐️ Guard thy treasures from loss:
THE KEY TO MONEY IS TO NOT DIE.
Compounding interest will work wonders… with TIME.
Make sure you are investing properly so you are protected from getting wiped out. The longer you last, the more likely it is that you will win.
⭐️ Make of thy dwelling a profitable investment:
RUN THE NUMBERS.
Instead of paying rent, does it make sense to buy the home? Lease or buy a car?
Every decision you make must be thought through. Don’t take the herd’s word for it. They are usually wrong.
⭐️ Insure a future income:
YOU WILL GROW OLD.
Most of America has absolutely no idea how the heck they are going to sustain themselves when they can’t work anymore. Plan accordingly.
Being 30, 40, 50.. AND BROKE.. not a good way to go through life.
⭐️ Increase thy ability to earn:
INVEST IN YOURSELF.
You will gladly blow $300 on a bottle this weekend but are scared to buy a $35 fitness program. Get your priorities straight.
👉 All knowledge is out there, most of it for free. There are no excuses.
The book is $3.99 on Amazon. Buy 10 and change 10 people’s lives (including yours).