7 Lessons from The Richest Man in Babylon
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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.
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Here is a summary of the main lessons from The Richest Man in Babylon:
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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
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If you don’t follow it, you will never escape the paycheck to paycheck cycle.
Lesson 1
Pay Yourself First
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By adjusting your mindset, you will be satisfying your desires and still living within your means.
Lesson 2
Live Within Your Means
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Through the power of compound interest, your assets will provide a steady stream of income.
Lesson 3
Put Your Money to Work
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Building true wealth is usually a slow, steady process.
Lesson 4
Keep Your Money Safe
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