“Money Is Plentiful For Those Who
The Simple Rules Of Its Acquisition.”
The book “The Richest Man In Babylon by -George S. Clason is about an ancient city Babylon. In the pages of history there lives no more glamorous city than Babylon. Its very name enchants visions of wealth and splendour. This book is all about how great wealth can be achieved by man, using whatever means are at his disposal. This book is a pathfinder for those who have limited resources and thinks they cannot achieve their goals with the limited means they possess. The eons of time have crumbled to dust the proud city of Babylon, but the wisdom of Babylon endures.
Simple Rules Of Acquiring Wealth –
1. Start your purse to fattening –
This is a simple and very basic rule of acquiring wealth. According to this a person must pay himself first rather than spending his income on his day to day needs or liabilities, i.e, after earning a person must keep at least 10% of it as savings. As every drop counts, this simple formula of paying the 10% of income to yourself first will soon create fat cash for you. And remember a part of your earning is all yours to keep.
2. Control your expenditures –
This is a must follow rule for each and everyone to fulfill their desire of wealth creation. A person must be very careful and clear about his/ her spending habits. One should avoid expenditures on unnecessary things. A person must have a schedule of his/her day to day expenditures and well planned so that useless expenditures should be avoided to the fullest.
3. Make your money multiply –
A successful person is the one who enslaves his/her money to work for him/her. Once you earn or create a wealth you should look for opportunities where it can be invested and multiplied. One should never keep his/her money to rest as money in rest will never multiply itself rather one should invest his money so that his money will create or multiply itself.
4. Guard your treasures from loss-
Wealth creation is far more difficult than losing it. So a person should know how to protect his/her wealth from loss. Wealth loss happens when a person doesn’t have sufficient knowledge about its investing. Money invested in wrong investment soon vanishes from the hands of it’s owners just like sand slips from the hands of its beholder.
5. Insure A Future Income-
A person must have or must create a regular stream of income flowing into his/her purse, i.e, his/her future income must be assured. Assuring future income will help the person live wealthy throughout his/her life. Wealth has no assurance, it goes as fast it comes, so a regular future stream of income will secure a person’s future and will avoid his/her dependency on others for his survival on this financial world.
According to the book one should not force his money to impossible earnings or a person should not invest in the fields he/she is not familiar with.
Quotes from the book –
Money makes possible the enjoyment of the best earth can afford.
Money is plentiful for those who understands the simple laws which govern its acquisition.
My views –
A person is lucky enough to achieve everything he wishes to but one simple thing must be kept in mind that fortune favours the brave. You are fortunate enough to achieve everything but not fortunate enough to achieve everything without hardwork. Having nothing should not be an excuse or should never come in the path of one’s achievements rather having nothing is a positive reminder that you have nothing and you have a very long path to your goals, you must not stop until you prove everyone wrong and achieve everything you ever thought of. Compromise with everything but not with your goals as goals are the lifelines of a living soul.
“If you think you’ll lose, you’re lost
For out of the world we find,
Success begins with a fellow’s will
It’s all in the state of mind.”