7 Lessons from The Richest Man in Babylon
Originally written as a series of pamphlets, the parables were eventually collected into a book.
The book provides many timeless lessons about spending, saving, and investing to build wealth.
Here is a summary of the main lessons from The Richest Man in Babylon:
1. Pay Yourself First
2. Live Within Your Means
3. Put Your Money to Work
4. Keep Your Money Safe
5. Be a Homeowner
6. Insure Your Future Income
6. Improve Your Skills to Earn More Income
If you don’t follow it, you will never escape the paycheck to paycheck cycle.
Pay Yourself First
By adjusting your mindset, you will be satisfying your desires and still living within your means.
Live Within Your Means
Through the power of compound interest, your assets will provide a steady stream of income.
Put Your Money to Work
Building true wealth is usually a slow, steady process.
Keep Your Money Safe
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