Life is certainly based on finances and the way we spend and calculate every penny we make, makes us become either one of the financially classy people that exist or one of those who have almost nothing on their table or in their pockets. Intelligent authors have written books to describe the power of emerging wealth and they have basically almost taught us the same thing through their books, one of the books that has stood the test of time is ‘The richest man in Babylon’, this book has been known to be an important passcode to the building of financial wealth.
Ways to accumulate wealth.
The first law of gold says you should set aside 10% of your earnings for investments.
A lot of people have the habit of complaining about how bad their jobs paid them and how they do not have sufficient money to themselves, this habit can be curbed and controlled if we also follow the law of gold stated above, learning to set aside 10% of everything we earn will produce a level of financial stability much more than we think and at the end of the year when we check our value of income, we will be surprised at how much we have been able to gather. Setting aside a portion of our income for a long tem value really works. But then precisely, whenever we set aside this value of income, it should be put into what will bring more profit and not just to spend them at the long run.
Gold comes gladly and in increasing quantity to any man who will put aside not less than 10% of his earnings to creating a stake for his future and that of his family. The richest man in Babylon
Gold laboured diligently and contentedly for the wise owner who finds it profitable employment, multiplying even as the flocks of the field. The richest man in Babylon
Before we get involved in any investment plan, we ned to learn how to make our research properly before diving into any investment at all, this will help ascertain the level of profitable returns we expect to get. As profitable as it is to invest our earnings, we can easily lose everything with one investment mistake.
Gold flees the man who would force it to impossible earnings, or who follows the alluring advice of tricksters and schemers or who trust it to his own inexperience and romantic desires in investment. The richest man in Babylon
A lot of average people easily fall into Ponzi schemes and sites and in the end lose everything they have worked for, the law of gold already warns about schemes that appear very promising and as someone who is financially smart, you have to abstain from such schemes.