Tuesday, February 5, 2019

Review: The Richest Man in Babylon

A very simple read. Nothing special but a nice reminder about how to manage your finances.

1: Keep a part of all you earn. Save at least 10% of your income.

2: Put your savings to work for you. Invest it so that it will multiply.

3: Avoid debt. The poor pay interest, while the rich earn interest.

4: Don’t speculate in get-rich-quick schemes. Invest in solid businesses that you understand.

5: Invest in yourself. Gain knowledge and skills to increase your earning power.

6: Safeguard your growing fortune with diversification and insurance.